Sage Therapeutics’ stock lower as biotech unveils plan to cut 33% of workforce
Sage Therapeutics Inc.’s stock slid 1.4% early Thursday, after the biotech said it’s cutting about 33% of its workforce as ...
Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges
We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating ...
This presidential candidate is still the stock market’s bet to win the election
The increases in probabilities since then are due to the stock market’s strength; there’s a statistically significant ...
AbbVie says FDA has approved vyalev as first and only subcutaneous 24-hour infusion for adults with advanced Parkinson’s disease
AbbVie Inc. ABBV said Thursday the Food and Drug Administration has approved its vyalev as the first and only subcutaneous 24-hour continuous infusion of levodopa-based therapy for the treatment of ...
Sage Therapeutics Cutting Workforce by 33%
Sage on Thursday said the moves will affect more than 165 employees, representing about 33% of the Cambridge, Mass., company's total workforce and roughly 55% of its research-and-development staff.
Globe Life targeted by ‘unknown threat actor’ in extortion attempt
Globe Life Inc. GL has been targeted in an extortion attempt, the life insurance company revealed Thursday. In an SEC filing, Globe Life said that it recently received communications “from an unknown ...
Phillips 66 Hit With $604.9M Verdict in Suit Brought by Propel Fuels
Phillips 66 has been hit with a $604.9 million verdict by a jury that decided against the energy company in a lawsuit brought by Propel Fuels alleging the misappropriation of trade secrets related to ...
American Axle to Sell India Commercial-Vehicle Axle Business to Bharat Forge
American Axle & Manufacturing Holdings has struck a deal to sell its commercial-vehicle axle business and related assets in India to Bharat Forge for $65 million. American Axle on Thursday said the ...
Canopy Growth Makes $100 Mln Prepayment Toward Debt
Canopy Growth on Thursday said that it has reduced its debt by $100 million as it looks to cut its cash burn rate. The Smiths Falls, Ontario-based cannabis company said Thursday it made the early ...
Ski-Doo Maker BRP Looks to Shed Struggling Marine Brands - Update
Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been weighed down by softer consumer demand, to focus on powersports products such as ...
ManpowerGroup 3Q Revenue, Profit Fall
ManpowerGroup's third-quarter profit fell nearly 25% year over year due to a continuing slump in recruitment activity.
Travelers’ stock leaps further into record territory as earnings triple, profitability improves
Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore. Back To Top ...