May 21, 2024 9:46 am
AstraZeneca said on Monday that it planned to establish a $1.5 billion manufacturing facility in Singapore for antibody drug conjugates (ADCs), which would bolster global supply of its ADC portfolio. ADCs represent next-generation treatments, which deliver highly potent cancer-killing agents directly to cancer cells via a targeted antibody. Supported by the Singapore Economic Development Board, […]
Read moreMay 21, 2024 8:32 am
Barclays said in a note that the upside for Johnson Controls International PLC’s stock might not be “substantial” from this point onward, after it became clear activist investor Elliott Investment Management held an over $1 billion stake. “While there has been relatively little activism in the MI sector in recent years, this news should not […]
Read moreMay 20, 2024 10:18 am
Westinghouse Air Brake Technologies Corp (NYSE: WAB) said on Friday that its Board of Directors had authorized a regular quarterly dividend of $0.20 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 28th 2024, the company said. The dividend […]
Read moreMay 17, 2024 11:27 am
Martin Marietta Materials Inc (NYSE: MLM) said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.74 per share of common stock. The dividend will be paid on June 28th to shareholders of record as of the close of business on June 3rd 2024, the company said. The dividend […]
Read moreMay 17, 2024 10:02 am
Treace Medical Concepts Inc’s (NASDAQ: TMCI) shares retreated more than 5% on Thursday, after UBS cut its investment rating on the stock to “Neutral”. UBS cited limited visibility into Treace Medical’s ability to preserve a market share due to intensifying competition for its bunion product Lapiplasty. The investment bank also revised down its 12-month price […]
Read moreMay 17, 2024 8:09 am
3M Company’s (NYSE: MMM) shares surged more than 3% on Thursday, after Vertical Research Partners raised its investment rating on the stock to “Buy” from “Hold” previously. Vertical Research Partners also bolstered its 12-month price target on 3M to $140 per share from $92 per share. “There are still many uncertainties in the 3M outlook, […]
Read moreMay 16, 2024 11:51 am
American International Group Inc (NYSE: AIG) said on Thursday that it had agreed to sell nearly 120 million shares of its Corebridge common stock to Nippon Life Insurance Company for a total consideration of $3.8 billion. The above mentioned shares comprise 20% of the outstanding shares of Corebridge. AIG also said that it had agreed […]
Read moreMay 15, 2024 1:04 pm
Amazon Web Services (AWS) announced on Wednesday plans to invest as much as EUR 7.8 billion in Germany through 2040 in relation with a cloud computing infrastructure being established specifically for Europe. According to a report by Reuters, AWS intends to launch several data centers in the state of Brandenburg by the end of next […]
Read moreMay 15, 2024 9:44 am
Loews Corporation (NYSE: L) said on Tuesday that its Board of Directors had authorized a quarterly dividend of $0.0625 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 29th 2024, the company said. The dividend was kept unchanged from […]
Read moreMay 15, 2024 8:26 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Cedar Rapids, Iowa-based Acumen Advisors Inc. However, the company did not disclose any financial details of the agreement. Acumen is an employee benefits consultant, which serves small and medium-sized businesses throughout Iowa. “Acumen […]
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