After the FDA revised the label of Incyte's Jakafi drug by adding new recommended dosing for patients with low platelet counts and a warning about PML, Oppenheimer views the dosing change as positive and doesn't think the warning will impact adoption. The firm reiterates an Outperform rating on the stock.
The insurer was accused by a short-seller of "extensive" fraud.
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSingapore Loses ‘World’s Best
People's wealth could take a huge hit as the stock market peaks after one of the longest bull markets ever, according to an investment chief.
Will Chinese "overproduction" of semiconductor chips swamp the market?
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high. TSMC saw January-March net profit rise to T$225.5 billion ($6.98 billion) from T$206.9 billion a year earlier.
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.
Big Tech earnings are coming up, and Wall Street wants to know how companies are making money on their massive AI investments.
A downbeat report from ASML dragged down other AI stocks.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
Here’s how the Bitcoin halving may impact the crypto’s price.
