Nektar Therapeutics (NKTR) shares are rising more than 13 percent on Wednesday morning as the company entered into a clinical trial collaboration and supply agreement with Merck for a Phase 2/3 study of bempegaldesleukin Nektar's investigational IL-2 pathway agent, in combination with Merck's KEYTRUDA. The trial is intended for first-line treatment of patients with metastatic or unresectable recurrent squamous cell carcinoma of the head and neck whose tumors express PD-L1. Currently, shares are at $25.49, up 13.49 percent from the previous close of $22.46. For the 52-week period, the shares have traded in a range of $13.63-$25.95 on a volume of 1,196,426.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.