Merck sees 2022 sales up nearly 20%, mostly on new COVID pill

(Reuters) -Merck & Co said on Wednesday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir.FILE PHOTO: An experimental COVID-19 treatment pill, called molnupiravir and being developed by Merck & Co Inc and Ridgeback Biotherapeutics LP, is seen in this undated handout photo released by […]

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Friday’s Top Analyst Upgrades and Downgrades: Abbott Labs, AT&T, Chewy, Fisker, Freeport-McMoRan, Intel, Las Vegas Sands, Seagate, Walmart and More

The futures were down big across the board Friday, after a wild and wooly week on Wall Street. All eyes and ears on Wall Street were focused on Federal Reserve Chair Powell this week as he confirmed what was generally known: The interest rate hikes will start in March and there should be at least four this year, with some […]

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Valneva targets 2022 revenue boost of up to 70% on COVID-19 vaccine

FILE PHOTO: The logo of French-Austrian biotech firm Valneva is seen outside their headquarters in Vienna, Austria, December 16, 2021. REUTERS/Lisi Niesner(Reuters) – French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said on Thursday. The company sees 2022 revenue of between 430 million to 590 […]

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Tuesday Afternoon’s Top Analyst Upgrades and Downgrades: Coupa Software, Ginkgo Bioworks, Enterprise Products Partners, Intuit and More

Stocks traded modestly lower early Tuesday afternoon. The back-to-back 3% moves higher on Monday and last Friday are being attributed to everything from the massive oversold conditions to portfolio managers making month-end portfolio moves. Despite the strong two-day rally, the venerable S&P 500 saw the largest monthly decline since the high-velocity sell-off in March of 2020. Wall Street strategists will […]

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Ukraine announces plan to boost army as foreign leaders rally

KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy signed a decree on Tuesday to boost his armed forces by 100,000 troops over three years and raise soldiers’ pay, but said this did not mean war with Russia was imminent.A service member walks past tanks of a mechanized brigade of the Ukrainian Armed Forces during military exercises outside Kharkiv, Ukraine January 31, […]

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Cryptocurrency struggling early Monday morning with Bitcoin, Ethereum, Dogecoin all lower

Fox Business Flash top headlines for January 28 Check out what’s clicking on FoxBusiness.com. Bitcoin was struggling early Monday morning following a downtrend last week with blame clearly landing on Fed plans to raise interest rates in March. The cryptocurrency was trading just above $37,200 (-2.23%) overnight. Rivals Ethereum and Dogecoin were also down, with Ethereum trading at $2,530 (-2.96%) […]

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N.Korea conducts longest-range missile test since 2017

SEOUL (Reuters) -Nuclear-armed North Korea conducted what would be its largest missile test since 2017 on Sunday, sending a suspected intermediate-range ballistic missile soaring into space and sparking condemnation from the United States and its allies.FILE PHOTO: A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017. REUTERS/Edgar SuSouth […]

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Cathie Wood’s ARK Invest Sells for 1\/28

Markets bounced back on Friday with a vengeance with the Nasdaq jumping over 3%, largely led by tech stocks. ARK Funds rode this wave as well with gains across the board. ARKG performed the best out of the group, with a 4.4% gain on the day, while ARKX did the worst, up 1.5%. The gains from the past year are […]

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