Freeport McMoRan Bets on This Country: Eyes Profits

Freeport McMoRan (NYSE:FCX) has announced a $7.5 billion expansion of its El Abra copper mine in northern Chile. Freshly-appointed CEO Kathleen Quirk made this announcement during an earnings call on Tuesday that exceeded expectations. "We're going to continue to review…

Money
Jul 24, 2024
Merck’s Acquisition of EyeBio Finalized

Merck (NYSE:MRK) is trending on Friday. The company announced the acquisition of EyeBio, introducing a novel candidate to Merk’s pipeline, Restoret. What To Know: Restoret has shown promising results in a Phase 1b/2a AMARONE study in participants with diabetic macular…

Money
Jul 12, 2024
Why Materials Stock Northern Technologies Shares Are Diving Today

Northern Technologies International Corporation (NASDAQ:NTIC) shares are trading lower after the company reported the third quarter of fiscal 2024 results. Net sales fell 1.4% Y/Y to $20.7 million, missing the estimate of $23.0 million. ZERUST industrial net sales fell 4.4% Y/Y…

Money
Jul 11, 2024
HIV Medicine Maker Stock Soars

On Wednesday, Theratechnologies Inc (NASDAQ:THTX) reported second-quarter 2024 sales of $22.02 million, up 25.5% year over year, beating the consensus of $21.71 million. For the second quarter, net sales of EGRIFTA SV were $16.2 million, up 49.3% year over year, due to…

Money
Jul 10, 2024
Strategist Predicts ‘Landslide Defeat’ For Biden

David Axelrod, a former strategist for Barack Obama, predicted that President Joe Biden‘s campaign is in jeopardy following a poor debate performance against Donald Trump. What Happened: In an op-ed published on CNN on Monday, Axelrod highlighted an ABC interview…

Money
Jul 08, 2024
What’s Powering the Tesla Rally

Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in premarket trading on Monday and the upward move comes just ahead of the release of the company’s second-quarter deliveries report. The optimism is premised on faint hopes that Tesla can beat the…

Money
Jul 01, 2024