Illumina’s directors were given additional insurance to close the Grail deal

Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016. David A Grogan | CNBC Carl Icahn claimed on Friday that Illumina’s directors were demanding additional personal liability insurance before the biotech company signed a $7.1 billion acquisition of cancer test developer Grail in 2021. The claim is the latest development in … Read more

Ford’s EV business lost $2 billion by 2022, offset by fleet and legacy

The badge of an electric vehicle from Ford Motor Co. E-Transit at a presentation in Washington, DC, USA, on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday that its electric vehicle business lost $2.1 billion on an operating basis last year, a loss more than offset by $10 … Read more

FDA advisers reject accelerated approval of Biogen’s ALS drug

The FDA’s independent panel of advisors voted against approving accelerated approval of Biogen’s ALS drug for a rare and aggressive form of the disease. The vote is not binding on the FDA, although the agency often follows the panel’s guidelines. It will make a final decision on April 25. The drug tofersen was developed to … Read more

Virgin Orbit is closing in on a $200 million deal on Thursday

A general view of Cosmic Girl, a repurposed Boeing 747 aircraft with the LauncherOne missile under the left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise money from Texas-based investor Matthew Brown, … Read more

Nike (NKE) Q3 Earnings 2023

Nike beat Wall Street expectations for its fiscal third quarter earnings and revenue. The retailer is battling overstocking and weak sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins are improving from its direct-to-consumer channels. People in protective face masks walk past the … Read more

GameStop (GME) Q4 2022 earnings

A GameStop store opened March 16, 2023 in a strip mall in Chicago, Illinois. Scott Olson | Getty Images GameStop posted its first quarterly profit in two years on Tuesday, finishing the year on a high after struggling with sales declines, inventory issues and cash flow pressures. Shares of the company were up about 30% … Read more

Drug-resistant fungus that spreads quickly, CDC says

Candida auris is a yeast responsible for many infections. This fungus is resistant to most antifungal drugs and causes several deaths worldwide. BSIP | Universal Image Group | Getty Images A fungus that is often resistant to drugs has spread at an “alarming rate” through healthcare facilities across the US, according to the Centers for … Read more

Having Covid before you get vaccinated can result in less immunity

A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic at the Peabody Institute Library in Peabody, Massachusetts, USA on Wednesday, January 26, 2022. Vanessa Leroy | Bloomberg | Getty Images People who got Covid-19 before getting vaccinated had a weaker immune response to the injections than those who never … Read more

Home sales peak in February, median price falls

A “For Sale” sign outside a home in Atlanta, Georgia, on Friday, February 17, 2023. Dustin Rooms | Bloomberg | Getty Images Existing home sales rose 14.5% in February compared to January, according to a seasonally adjusted tally by the National Association of Realtors. That brought annual sales to 4.58 million units. It was the … Read more

Dodge Challenger SRT Demon resurrected for the last year of muscle cars

2023 Dodge Challenger SRT Demon 170 Cleverness DETROIT — Dodge is reviving its controversial muscle car model, the Challenger SRT Demon, as one last special edition vehicle before production of the brand’s current V8-engined cars ends later this year. The limited edition drag race car will be the fastest and most powerful version of the … Read more