Investing.com -- Shares of Viking Therapeutics (NASDAQ:VKTX) rose sharply by 17% today, while Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO) also saw gains of 1.7% and 4%, respectively. The upward movement in these pharmaceutical stocks comes after Pfizer Inc. (NYSE: NYSE:PFE) announced it would discontinue the development of its obesity drug candidate, danuglipron.Pfizer’s decision was base ...
(Reuters) -KKR will buy a joint venture of S&P Global and CME Group (NASDAQ:CME) in a $3.1 billion deal, in the U.S. private equity firm’s second acquisition in less than a week despite a tariff whiplash slowing the pace of dealmaking activity.The proceeds from the deal to sell London-based OSTTRA — which provides post-trade services for global over-the-counter markets across interest rate ...
Investing.com -- Apple shares (NASDAQ:AAPL) jumped at the end of last week after the U.S. granted an exception for smartphones from the latest round of reciprocal tariffs, a move KeyBanc analysts described as “probably the best case scenario we can think of for AAPL.”The brokerage upgraded the stock to Sector Weight from Underweight, noting that the exemption “takes a big risk off the table. ...
(Reuters) - Australia’s competition regulator said on Monday Clorox (NYSE:CLX)’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic.The Australia Competition and Consumer Commission (ACCC) said the U.S.-based cleaning products maker admitted to breaching the Austra ...