Tag: Biotechnology
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Biogen to slash 1,000 jobs as it looks to save $700 million
[ad_1] Biogen Inc. BIIB, -3.58% said Tuesday that it will eliminate about 1,000 jobs as part of a broader cost-cutting initiative designed to save $700 million annually. The belt-tightening comes as the biotech company launches its Alzheimer’s treatment, Leqembi, a collaboration with Eisai Co. Ltd. ESALF, -2.36% that received full U.S. Food and Drug Administration…
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Priveterra Acquisition says it will list on NYSE after AEON combination
[ad_1] Priveterra Acquisition said that following its planned business combination with AEON Biopharma the combined company will list on the New York Stock Exchange. Priveterra Acquisition PMGMU, -7.73%, a special purpose acquisition company, currently trades on the Nasdaq. The combined company is expected to begin trading on NYSE on or about July 24, under the…
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This may be your best way to make money with S&P 500 Dividend Aristocrat stocks
[ad_1] Investors always want to make money, but they have different objectives for growth and income. Some people are interested in stocks that pay high dividends because they need regular income right now, while others believe that there is a correlation between steady increases in dividend payouts and high total returns over the long haul.…
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Opinion: Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays.
[ad_1] A big part of investing in biotech is owning takeover names. The quick gains offset a lot of mistakes. Having a biotech stock get bought out simplifies the “sell” decision, too. Lately, though, biotech investors have been far less enthusiastic about takeover prospects. The Federal Trade Commission (FTC) has cast a shadow over the…
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Debt-ceiling deal: Here’s what’s next as it passes key hurdle in Congress
[ad_1] While President Joe Biden and House Speaker Kevin McCarthy reached a debt-ceiling deal over the holiday weekend, that doesn’t mean it’s now all smooth sailing. Congress still must give its OK, starting with the Republican-run House of Representatives. Here’s what’s next, as the Treasury Department has called for action by this coming Monday in…
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Janet Yellen fears ‘substantial financial-market distress’ amid debt debate
[ad_1] U.S. Treasury Secretary Janet Yellen on Wednesday expressed concerns about how financial markets are getting hit by debt-limit angst, and she said it was “almost certain” that the federal government won’t be able to meet all of its obligations in early June if Congress doesn’t raise the ceiling for borrowing. She added that she…