Microsoft And Cisco Gain As The QQQ Bounces Back Thursday
U.S. indices bounced back Thursday after falling Wednesday amid macro uncertainty due to COVID-19 delta variant concerns.
38 Stocks Moving In Thursday’s Mid-Day Session
Gainers
Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN) shares jumped 141% to $1.7950 after dropping 12% on Wednesday. Sonnet BioTherapeutics recently reported its financial results for the three months ended June 30th , 2021 and issued a business update.
Illumina Completes Grail Buyout Despite Uncertainty In Regulatory Process
In defiance of FTC and EU scrutiny, Illumina Inc (NASDAQ:ILMN) went ahead to complete its $8 billion acquisition of Grail. The finalization…
The Daily Biotech Pulse: Coherus Soars On Lung Cancer Data, Illumina Closes On Grail Buy Without Regulatory Clearance, Adagene Strikes Collaboration With Merck
Here's a roundup of top developments in the biotech space over the last 24 hours:
Scaling The Peaks
(Biotech Stocks Hitting 52-week Highs Aug. 18)
SVB Leerink Downgrades Illumina to Market Perform, Announces $425 Price Target
SVB Leerink analyst Puneet Souda downgrades Illumina (NASDAQ:ILMN) from Outperform to Market Perform and announces $425 price target.
Illumina Acquires GRAIL to Accelerate Patient Access to Life-Saving Multi-Cancer Early-Detection Test
Illumina, Inc. (NASDAQ:ILMN) announced today that it has acquired GRAIL, a healthcare company focused on life-saving early detection of multiple cancers, but will hold GRAIL as a separate company during the
EU Regulators Temporarily Pause Illumina, Grail Deal Investigation
The European Commission has temporarily suspended the provisional deadline for its investigation into Illumina Inc's (NASDAQ: ILMN) plans to buy Grail Inc, adding uncertainty to whether regulators will wrap up before the deal expires.
Tesla And eBay Fall As The QQQ Closes Lower
U.S. indices had a mixed day of trading Friday following better-than-expected jobs data. The unemployment rate for July came in at 5.4%, which was below the 5.7% estimate.