Take a look at some of the biggest pre-market movers: Novavax (NVAX) – The drugmaker’s stock fell 32.3% in premarket after posting an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further U.S. sales of its Covid-19 vaccine this year amid weak demand and a glut of supply. … Read more
Washington’s efforts to rein in inflation will particularly fail this year, according to market forecaster Jim Bianco. And, he thinks this week’s key inflation data will help prove it. “I don’t see anything that could reduce the rate of inflation. There are some things that could reduce prescription drug prices and maybe a few other … Read more
Take a look at some of the biggest pre-market movers: Palantir (PLTR) – The data analytics company’s stock plunged 15.6% in premarket trading after announcing an unexpected quarterly loss and lowering its full-year forecast due to the uncertain timing of certain government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning a bid for … Read more
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stall at Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, USA, April 30, 2022. scott morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate has … Read more
