Rapper and designer Kanye West, who goes by "Ye," has terminated his Yeezy brand partnership with Gap Inc (NYSE: GPS) two years after the deal was announced.
Kanye West and Gap Inc (NYSE: GPS) are parting ways after the rap artist and designer terminated his Yeezy brand partnership with the retailer just two years after the deal was announced.
In 2016, Kanye West's apparel brand Yeezy partnered with Adidas AG - ADR (OTCQX: ADDYY) for Adidas + Kanye West to manufacture footwear, apparel and accessories.
U.S. stocks closed lower with the Dow Jones dropping around 280 points on Wednesday. Here is the list of some big stocks moving lower in the previous session.
Gainers
Nuwellis, Inc. (NASDAQ: NUWE) shares jumped 140% to $1.5894 after the company announced new clinical data demonstrating 100% survival at 30 days following the use of ultrafiltration in high-risk postoperative coronary artery bypass grafting patients.
Citigroup cut the price target on Snap Inc. (NYSE: SNAP) from $16 to $10. Citigroup analyst Ronald Josey also downgraded the stock from Buy to Neutral. Snap shares fell 7% to $9.31 in pre-market trading.