Streetbeat News

Regulatory

AVXL

Anavex Life Sciences' stock surged due to new Alzheimer's trial data, but inconsistencies in the data raise concerns about EU approval. Despite promising cognitive results, the lack of statistical significance in functional endpoints and mixed trial performance make the company a Hold rating.

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November 06, 2024 | 10:30 am

MAKSY

Marks & Spencer (M&S) is expected to incur an additional 120 million pounds in costs next year due to the UK government's budget announced on October 30. This financial impact was disclosed by the company's CEO.

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November 06, 2024 | 10:30 am

AOIFF

Africa Oil is set to complete its consolidation of Prime Oil & Gas in Nigeria, doubling production and enabling a de-risked 11.63% dividend yield. The stock is considered undervalued with potential upside.

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November 06, 2024 | 10:00 am

BIDU

Global fund managers are optimistic about economic growth due to China's stimulus. Baidu is seen as a compelling buy due to its strong profitability and low P/E ratio, despite risks from China's economic conditions and regulatory issues.

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November 06, 2024 | 9:45 am

ALIZF

Mohamed El-Erian, Allianz's chief economic advisor, shares insights on market excitement regarding growth and productivity prospects, influenced by political factors such as Republican control of the Senate and Trump's momentum.

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November 06, 2024 | 9:30 am

MYGN

Levi & Korsinsky has initiated an investigation into Myriad Genetics, Inc. for potential securities fraud violations. This follows UnitedHealth Group's decision to stop covering Myriad's GeneSight test starting January 2025.

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November 06, 2024 | 9:30 am

NVO

Novo Nordisk has reported 100 hospitalizations and 10 deaths linked to compounded copies of its weight-loss and diabetes drugs. This highlights potential safety concerns with unauthorized drug copies.

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November 06, 2024 | 8:30 am

AAPL

Apple Inc may face the first fine under the EU's Digital Markets Act due to alleged anti-competitive practices in its App Store. The European Commission charged Apple with violating the DMA by restricting app developers from offering alternative purchasing options.

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November 06, 2024 | 8:30 am

NFLX

Netflix's offices in Paris and Amsterdam were raided by French and Dutch authorities as part of an investigation into potential tax fraud and labor law breaches.

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November 06, 2024 | 8:15 am