Trump Media Stock DJT Soars 20% Amid Market Rebound
Category: Stocks Total Views: 294By : Editor Updated: 06-24-2024
Trump Media Stock Surges 20% Amid Market Rebound
Over 20% increased in Trump Media shares on Monday morning. The stock price fell precipitously, almost half, before this rise. Around $33 a share was the price of the stock at 10:50 a.m. ET. Trade volume was far higher than average. For Trump Media, this price increase is a happy development. The stock closed at little more than $27 the Friday before. The company's relationship to former President Donald Trump makes its performa... Read More
FDA Decision on Zepbound for Sleep Apnea Expected Soon
Category: Stocks Total Views: 276By : Editor Updated: 06-22-2024
Eli Lilly Seeks FDA Approval for Zepbound in Sleep Apnea Treatment
Eli Lilly has filed a U.S. application to treat obstructive sleep apnea (OSA) with its weight-loss medication Zepbound. Promising outcomes from two late-stage trials led to this action. The company wants to fill a big unmet need in sleep disorder therapies. Zepbound might give OSA sufferers a new choice if it is approved. Treatment options are few and frequently laborious at the moment. The world of sleep apnea tre... Read More
Elon Musk Announces Major Tesla Layoffs and Stock Options
Category: Stocks Total Views: 277By : Editor Updated: 06-22-2024
Tesla's Workforce Reduction in 2023
Tesla will have cut its workforce by more than 14% by 2023. With temporary workers included, this downsizing reduced its global headcount to little over 121,000. The cut is consistent with Elon Musk, the CEO, who had previously said that layoffs would exceed 10 percent. The headcount information is from the company's June 17 "everybody" email distribution list. This big reduction tries to simplify operations after a time of exp... Read More
R.R. Donnelley Settles SEC Violation Charges for $2.1 Million
Category: Stocks Total Views: 141By : Editor Updated: 06-20-2024
SEC Announces Charges Against R.R. Donnelley & Sons Co.
R.R. Donnelley & Sons Company (RRD) is facing charges of cybersecurity-related control violations from the Securities and Exchange Commission (SEC). Internal control problems beset RRD, a multinational supplier of marketing and business communication services. The SEC determined that RRD's cybersecurity incident management procedures were inadequate. The corporation subsequently settled the allegations by paying m... Read More
NextEra Energy Plans $2B Equity Sale for Renewable Projects
Category: Stocks Total Views: 448By : Editor Updated: 06-19-2024
NextEra Energy Announces $2 Billion Equity Units Sale
Equity units valued at $2 billion are to be sold by NextEra Energy. The sale will help to pay off debt and fund new power projects. Every equity unit will cost $50. The company's larger plan to satisfy rising electricity demand includes this sale. Within the United States, NextEra manages the biggest portfolio of renewable energy. Investments in battery storage and renewable energy will be aided by the sales. The news cause... Read More