Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
Share:
More In Business
‘Is This the Beginning of the End’ of Market Highs?
Frances Stacy, Optimal Capital Director of Strategy, breaks down why the latest data indicates the economy may be struggling more than expected, plus some sectors she’s watching.
Dow Jones: Amazon Is In, Walgreens Is Out
Amazon joined the 29 other companies making up the Dow Jones Industrial Average. What does this mean for the stock market?
US Attempts to Block Merger of Grocery Giants Kroger and Albertsons, Fears Spike in Prices
The Federal Trade Commission is suing to block a proposed merger between the two grocery stores. The FTC says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Trump Appeals $454M Fraud Ruling
Donald Trump has appealed his New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth.
Don’t Have Nvidia Stock? Look at These Companies Instead
Terecircuits CEO Wayne Rickard explains some of the other companies set to benefit from the Nvidia-led chipmaking rally, including manufacturing and toolmaking companies.
Nikki Haley Loses South Carolina Primary
Axios reporter Erin Doherty breaks down the results from the South Carolina primary as former President Trump gets closer to winning the GOP nomination.
Reddit’s IPO Is a ‘Step in the Right Direction’
Jay Woods of Freedom Capital Markets shares thoughts on how the latest inflation report will impact the market, and why he expects a ‘cascade’ of IPOs if Reddit’s public debut goes well.
Big Business This Week: Sports Cartels, Shrinkflation, and Chips
Sports streaming service Fubo thinks it's being set up to fail. We spend so much of our money on food. Plus, much more from this week in business.
How Landlines Lost the American Public
During AT&T's widespread outage Thursday, landline phones were a working alternative — which most of the U.S. does not have. Over half of Americans are estimated to have ditched landlines altogether.
