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Luxury carmaker Porsche has overtaken its former parent Volkswagen (VLKAF) to become the most valuable automaker in Europe. Although Porsche's shares slipped below their listing price on Monday to 81 euros, it rose to 93 euros on Thursday morning, giving the sportscar brand a market valuation...

Advanced Micro Devices, Inc. (AMD) Thursday reported preliminary third-quarter revenues that were below its outlook, hurt largely by weaker Client segment revenues. Following the news, shares of the company slipped nearly 4% in after-hours. The company reported preliminary third-quarter revenue of...

Shares of Lyell Immunopharma (LYEL) gained over 8% after the clinical-stage biotech company announced that the U.S. Food and Drug Adminstration has cleared its Investigational New Drug application to initiate a Phase 1 clinical trial for LYL845. LYL845 is an investigational tumor infiltrating lymphocyte...

target 100622 Target (TGT) has recalled about 12,800 tea kettles due to fire and burn hazards. According to Consumer Product Safety Commission, the retailer has recalled Hearth & Hand with Magnolia tea kettles, as the paint can chip on the bottom of the recalled kettles, posing a fire hazard. In addition, the handle...

katadyn group 100622 Katadyn North America has recalled about 1,100 Optimus Gemini portable gas stoves due to risk of fire. According to Consumer Product Safety Commission, the recalled stove's gas regulator can have a tear in the seal causing a gas leak, posing a fire hazard. The company, however, has not received any...

Mortgage rates, or interest rates on home loans, dropped slightly after rising for six consecutive weeks, due to ongoing economic uncertainty, according to mortgage provider Freddie Mac (FMCC.OB). Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate...

Shares of VIZIO Holding Corp. (VZIO), a provider of smart televisions, sound bars, and accessories, are up more than 4% Thursday morning at $9.60.

Industrial gases company Air Products and Chemicals, Inc. (APD) announced Thursday plans to invest approximately $500 million to build, own and operate a 35 metric ton per day facility to produce green liquid hydrogen at a greenfield site in Massena, New York, as well as liquid hydrogen distribution...

Blackstone, Inc. (BX) announced Thursday that affiliates of Blackstone Real Estate have completed the previously announced acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share in an all-cash transaction valued at $3.6 billion. Bluerock has also completed the previously announced...

WPP plc (WPP) announced Thursday the acquisition of Passport Brand Design, a leading brand design agency based in Southern California. Passport brings extensive brand identity, design expertise and insight into WPP and works across a broad range of consumer categories and global markets, spanning...

FuboTV Inc. (FUBO), and Altitude Sports, on Thursday announced a multi-year carriage deal to expand TV coverage of both teams. Altitude Sports will be available to FuboTV subscribers in 10 Rocky Mountain states just ahead of the 2022-2023 NHL and NBA seasons. Fubo will stream Altitude Sports'...

Shares of Semtech Corporation (SMTC), a supplier of analog and mixed-signal semiconductor products and advanced algorithms, are falling more than 7% Thursday morning at $29.72.

ElectraMeccanica Vehicles Corp. (SOLO) Thursday announced securing a license to sell its single-seater electric vehicle, the SOLO, in Arizona. The SOLO is a compact mobility solution for people and businesses. The company said it is ideal for easy parking and storage in the dense, crowded metropolitan...

Medical Properties Trust, Inc. (MPW) announced Thursday that it has entered into definitive agreements for the sale of three Connecticut hospitals to Prospect Medical Holdings, the current lessee. Separately, Yale New Haven Health has agreed to acquire the hospital operations from Prospect in a contemporaneous...

ford oct06 Ford Motor is increasing the entry-level price of its electric F-150 Lightning pickup citing rising costs and supply chain issues amid increasing demand. This is the second price hike after a recent increase in August. The starting price of the 2023 model year pickup will be raised by $5,000 by October 24, reports said citing an email statement.

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