AMC Entertainment has recently been thrust back into the spotlight, alongside GameStop, as its shares surged following an online post by Keith Gill, also known as “Roaring Kitty.” This surge has seen AMC shares more than double since Friday’s close, reaching above $6 in afternoon trading on Tuesday. The resurgence of retail investors rallying around
Business
Novavax experienced a significant increase in its stock value, soaring up to 50% following the announcement of a lucrative deal with French pharmaceutical giant Sanofi. This surge in stock prices marked a substantial turnaround for Novavax, which had been facing financial challenges and uncertainties. Under the terms of the agreement, Sanofi will acquire a less
In a challenging time for the restaurant industry, some chains have managed to thrive by catering to high-income consumers. While many eateries are experiencing a slowdown in sales and traffic, fast-casual chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen have reported strong numbers. This article will delve into why these chains are bucking the trend
Moderna, a biotech company known for its groundbreaking Covid vaccine, faced a setback as the Food and Drug Administration (FDA) announced the delay of its approval for the respiratory syncytial virus (RSV) vaccine until the end of May. This unexpected delay was attributed to “administrative constraints” at the agency, causing a ripple of concern among
The upcoming boxing match between Mike Tyson and Jake Paul this summer has already sparked a frenzy among fans and bettors alike. The bout is scheduled for July 20 at AT&T Stadium in Arlington, Texas and will be streamed globally on Netflix. This highly anticipated fight is expected to be the most heavily bet on
The absence of a Marvel film to kick off the summer movie season in 2024 marks a significant deviation from the trend seen in previous years. Marvel Cinematic Universe has been a dominant force in the summer box office since the release of “Iron Man” in 2008. However, in 2024, Universal’s “The Fall Guy” took
Oddity Tech, an Israeli cosmetics platform utilizing artificial intelligence to innovate products, reported exceptional first-quarter results that surpassed expectations. The company’s earnings per share were 61 cents, adjusted, compared to the 49 cents anticipated by Wall Street analysts. Revenue also exceeded expectations, coming in at $211.63 million versus the projected $205 million. This impressive performance
Former Starbucks CEO, Howard Schultz, has expressed his belief that the company can recover from its recent downturn by improving its U.S. stores. He emphasized the need for a “maniacal focus on the customer experience, through the eyes of a merchant,” rather than relying solely on data. This suggests that Starbucks may have lost touch
Amgen’s stock surged by more than 12% on Friday following the drugmaker’s announcement of positive initial data on its experimental weight loss injection, MariTide. This news sparked concerns among investors about new competition in the rapidly growing weight loss drug industry. The shares of current obesity players, Novo Nordisk and Eli Lilly, took a hit
Wayfair, the online furniture giant, recently reported a decline in sales during its first quarter. However, this setback was accompanied by a reduction in losses, thanks to a strategic decision to cut 13% of its workforce earlier in the year. Despite this, the company managed to surpass Wall Street’s expectations on both the top and