Category: Business

The latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention. On The Mortgage Front: Freddie Mac FMCC reported the 30-year fixed-rate mortgage averaged 5.25% as of May 19, down from last week when it averaged 5.3%. The 15-year fixed-rate mortgage averaged 4.43%, down…

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It’s been a long and arduous road for Revive Therapeutics Ltd. RVVTF regarding their Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine to treat COVID-19. The trial — fraught by several milestone misses and enrollment delays — could potentially receive a material boost after Revive submitted a request to the US…

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Key Takeaways: Yan Palace has filed for a Shanghai IPO that would make it the first listed maker of health food products based on traditional bird nests China’s securities regulator asked the company to elaborate on its business model and competitive strategies, as fierce competition has led to steep price cuts By Lau Ming Bird’s…

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CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis The Centers for Disease Control and Prevention is now investigating 180 cases of children who suddenly developed severe hepatitis across 36 states and territories, an increase of 71 cases since the public health agency’s last update earlier this month. The CDC said…

Read More “Morning Brief: Top Financial Stories Dominating on Thursday, May 19” »

Gainers Bright Green Corp. BGXX jumped 90.5% to close at $ 48.08 on Wednesday. Bright Green Corporation, went public on the NASDAQ Tuesday, becoming the first US plant-touching company to list on a major US stock exchange. Decisionpoint Systems, Inc. DPSI shares climbed 70.9% to close at $ 8.15 on Wednesday. DecisionPoint Systems…

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In the early days of the psychedelics industry, financial reports mean very little. Unless a company wildly misses its operating spending budget and hemorrhages cash by more than expected, the report is basically a synopsis of a given company highlights and milestones over the previous quarter. But occasionally, a prescient nugget or two can be…

Read More “Psychedelics Atai Life Sciences: Optimizing Drug Development By Avoiding Big Pharma’s Past Missteps” »

Key Takeaways: Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year. Company is shifting focus to providing more products and services for music lovers in bid to create a sustainable business model in the current environment…

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Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two major radio broadcasters: Cumulus Media Inc. CMLS and Sirius XM Holdings Inc. SIRI. The Case For Cumulus Media: This company came about thanks to…

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Upgrades According to William Blair, the prior rating for On Holding AG ONON was changed from Sell to Hold. At the moment, the stock has a 52-week-high of $ 55.87 and a 52-week-low of $ 16.38. On Holding closed at $ 20.61 at the end of the last trading period. Roth Capital upgraded…

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CNBC Toyota Looks To Develop Hydrogen Mobility In Europe Toyota Motor Corp. TM said Its Europe business, Air Liquide, and CaetanoBus have signed a Memorandum of Understanding with the aim of developing integrated hydrogen transport solutions. · The companies will focus on infrastructure connected to distribution and refueling, low-carbon and renewable hydrogen production,…

Read More “Morning Brief: Top Financial Stories Dominating on Wednesday, May 18” »