Oil futures climbed on Thursday to recoup much of the losses seen a day earlier, as Russia's decision to partially mobilize reservists amid its war on Ukraine raised worries about global oil supplies. "Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still...
Shares of Eli Lilly & Co. Inc. LLY, +4.85% gained 2.5% in premarket trading on Thursday after UBS upgraded the stock to buy from neutral, saying Mounjaro, the company's newly approved Type 2 diabetes drug, could be "the biggest drug ever." UBS analysts predict peak sales of $25 billion...
U.S. stocks ended lower Thursday, adding to sharp declines suffered the previous session after the Federal Reserve delivered a 75 basis point rate hike and signaled significant further tightening ahead. A number of other major central banks, including the Swiss National Bank and the Bank of England, delivered rate...
DocuSign DOCU, -1.10% on Thursday said its board hired Allan Thygesen as its new chief executive. The electronic-signature platform said Thygesen would take the helm and assume a role on its board of directors on Oct. 10. He will replace Mary Agnes "Maggie" Wilderotter as CEO. Wilderotter will stay...
Shares of Boeing Co. BA, -3.20% edged higher in the extended session Thursday after The Wall Street Journal reported that the aerospace and defense company was seen "poised" to settle a U.S. Securities and Exchange Commission's investigation into its 737 Max crashes a few years back. The settlement pertains...
Treasury Secretary Janet Yellen on Thursday said she believes high U.S. inflation will come down "certainly next year," but noted risks to the outlook including the ongoing Russian war in Ukraine. Speaking at an event sponsored by the Atlantic, Yellen said the Federal Reserve is "clearly committed to bringing...
Shares of Graphic Packaging Holding Co. GPK, -0.05% hiked up 0.9%, to buck the selloff in the broader stock market, after the consumer packaging provider said it raised its quarterly dividend by 33%. The new dividend of 10.0 cents a share, up from 7.5 cents a share, will be...
Shares of Spero Therapeutics Inc. SPRO, +228.67% soared 188.4% in trading on Thursday morning after the company signed an exclusive license agreement with GlaxoSmithKline GSK, -0.60% for its experimental antibiotic for complicated urinary tract infections. Spero's therapy, tebipenem HBr, is expected to enter Phase 3 clinical trials next year....
Raymond James on Thursday launched analyst coverage of six insurers, with Prudential Financial Inc. PRU, -1.24% (price target $115), Voya Financial Inc. VOYA, -0.35% (price target $84) and Globe Life Inc. GL, +0.09% (price target $138) all drawing strong buy ratings. Raymond James assigned market perform ratings to MetLife...
Talos Energy Inc. TALO, -4.16% said Thursday it has reached agreement to acquire privately held EnVen Energy Corp. for $1.1 billion cash and stock. Under the terms of the deal, EnVen shareholders will receive 43.8 million shares and $212.5 million in cash, along with the assumption of EnVen's debt...