Biogen stock plummets 28% after company halts Alzheimer’s trials

Shares of pharmaceutical giant Biogen Inc. plunged 28% on Thursday morning after the drugmaker said it would discontinue its Phase 3 trials of aducanumab, an investigational drug designed to slow cognitive decline in patients with early Alzheimer’s disease. The move has put the stock on track for its biggest one-day percentage slide since August of 2008. Biogen BIIB, -29.17% and […]

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Micron recognizes reality and receives a relief rally

Micron Technology Inc. is finally accepting the reality of the memory-chip downturn, and investors appear to be breathing a sigh of relief. On Wednesday, Micron MU, -0.59% reported second-quarter earnings, with revenue of $5.8 billion, down 21% from the prior year, citing “worse-than-expected pricing trends” for both dynamic random access memory chips (DRAM) and NAND flash memory, a sharp contrast from […]

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Shares of Sage Therapeutics up on Zulresso approval, but analysts expect a slow rollout

Shares of Sage Therapeutics Inc. SAGE, +0.49% rose 3% Wednesday morning after the company said that the U.S. Food and Drug Administration had approved its drug for the treatment of postpartum depression. Wall Street largely expected the drug’s approval, which was based on two Phase 3 studies that evaluated patients with either moderate or severe postpartum depression. Those trials showed that […]

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Netflix just dropped the ‘Stranger Things’ Season 3 trailer, and it’s already been watched 3.1 million times

Netflix is turning this summer Upside Down. The streaming service dropped its trailer for the third season of “Stranger Things” on Wednesday morning, and it racked up more than 3.1 million views on Twitter in just its first few hours. Season 3 of Netflix’s surprise supernatural hit, which follows a group of kids coming of age in the fictional town […]

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Oil prices dip on economic worries despite tight supply

Brent crude oil on track for strongest first-quarter since 2011 OPIS chief oil analyst Tom Kloza says world demand for oil will be at a slower rate. Oil prices fell on Wednesday, dragged down by concerns about global economic growth as the U.S.-China trade dispute rumbled on, but receiving some support from tightened supply. Continue Reading Below International Brent crude oil futures were […]

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Google unveils Stadia streaming-videogame service, but not a price tag

Google is taking major steps to jump into the videogame industry, announcing Tuesday a new streaming platform that it will launch this year as well as an in-house videogame-production unit, but neglecting to say who will pay for it. Gaming titans have long chased streaming as something of a Holy Grail, anticipating that unburdening people from the near requirement to […]

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Oil prices rise to 2019 highs on OPEC cuts, US sanctions

US oil production offsetting OPEC supply cuts? ‘The Schork Report’ Publisher Stephen Schork on the outlook for oil prices.  Oil prices rose to new 2019 highs on Tuesday, supported by supply cuts from OPEC and falling output from Iran and Venezuela due to U.S. sanctions. Continue Reading Below Brent crude oil futures were up 55 cents at $68.09 per barrel at 1145 GMT, […]

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Mindtree promoters unconditionally oppose L&T's ‘hostile’ takeover

Mindtree promoters holding around 13.3% stake in the global IT consulting and services firm have decided to unconditionally oppose what they call as the hostile takeover bid by engineering and construction major Larsen and Toubro Ltd (L&T). L&T on Monday entered into an agreement with Coffee Day Enterprises founder V.G. Siddhartha to buy his 20.3% shareholding in the mid-sized information […]

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Atlassian continues to focus on its base after Slack deal, with another acquisition

Atlassian Corp. continues to build out its tech-focused software offerings after gracefully bowing out of the workplace-messaging war, announcing Monday its second acquisition in six months. Atlassian TEAM, +0.86% said Monday it is acquiring collaborative-planning startup AgileCraft for $166 million, with the bulk of the payout — $154 million — paid in cash and the rest in vesting shares. That move […]

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