After ending yesterday's choppy session narrowly mixed, stocks moved mostly lower during trading on Tuesday. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq showing a notable slump. The major averages ended the day off their lows of the session but still in negative territory.
It takes 10-15 years and billions of dollars for a pharma company to bring a drug to the market. Now imagine that after years of effort, time, and investment, a company is forced to pull the drug from the market because the data used to secure approval was manipulated. That is the situation unfolding with ChemoCentryx's Tavneos, which received FDA approval in October 2021.
Following the lackluster performance seen in the previous session, stocks have moved mostly lower during trading on Tuesday. The tech-heavy Nasdaq has shown a notable move to the downside, pulling back off yesterday's record closing high.
Despite spiking gasoline prices, the Conference Board released a report on Tuesday showing an unexpected improvement in U.S. consumer confidence in the month of April. The Conference Board said its consumer confidence index crept up to 92.8 in April from an upwardly revised 92.2 in March.
Tuesday, Starboard Value LP, one of the largest shareholders of Dynatrace, Inc. (DT), announced that it has delivered a letter to the company's Chief Executive Officer, Rick McConnell, Chief Financial Officer, Jim Benson, and its Board of Directors. The letter stated that Starboard believed enterprise...
Automajor General Motors on Tuesday trimmed fiscal 2026 outlook for reported earnings, but lifted forecast for adjusted earnings to reflect tariffs impact, after reporting weak results in its first quarter. In the pre-market activity on the NYSE, General Motors shares were losing around 1.5 percent.
Abbott Laboratories (ABT) on Tuesday said it received U.S. Food and Drug Administration (FDA) clearance and CE Mark for its next-generation Ultreon 3.0 AI-powered coronary imaging platform. The system uses optical coherence tomography (OCT) to provide real-time guidance to doctors during minimally...
Watsco, Inc. (WSO), a distributor of air conditioning, heating and refrigeration equipment, announced on Tuesday that it has agreed to acquire Jackson Supply company, a sunbelt HVAC distributor. The financial details of the transaction, expected to close in the second quarter, have not been divulged. Jackson...
Purple Innovation, Inc. (PRPL) announced Tuesday that Chief Financial Officer Todd Vogensen will depart the Company effective May 1, 2026, to pursue another opportunity. The Company also announced the appointment of Robert Lucian as Chief Financial Officer, effective April 27, 2026. Lucian is a seasoned...
After ending yesterday's choppy session narrowly mixed, stocks are likely to move to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.7 percent. Technology stocks are likely to lead the way...
Profluent, an AI-first protein design company, on Tuesday announced a multi-program partnership with Eli Lilly and Company worth up ?to $2.25 billion to develop AI-designed enzymes for genetic medicines. The deal includes an upfront payment, along with potential development and commercial milestone...
ArcBest (ARCB), a logistics company, Tuesday reported a loss in the first quarter compared with profit last year, despite higher revenues. For the First quarter, Net loss was $1.04 million or $0.05 per share, compared with the net income of $3.13 million or $0.13 per share, in the prior year. The...
Tuesday, MegaMex Foods, founded by Herdez del Fuerte and Hormel Foods Corporation (HRL), announced the launch of the HERDEZ Asada line, bringing the vibrant flavors of traditional Mexican grilling to American homes. Available exclusively at Walmart, this new line of marinades, taco seasonings, and...
Rare Earths Americas, Inc. (REA), a critical minerals exploration company, on Tuesday, announced the launch of its initial public offering of approximately 2.8 million shares of stock. The company expects the offering price to be between $17 and $19 per share. The company also granted underwriters...
Franklin Electric Co., Inc. (FELE) reported Tuesday that net income attributable to the company for the first quarter grew to $34.33 million or $0.77 per share from $30.96 million or $0.67 per share in the prior-year quarter. Excluding items, adjusted earnings for the latest quarter was $0.83 per...
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.