Shares of Keurig Dr Pepper Inc. KDP were flat Wednesday after the company named Tim Cofer as chief operating officer and announced he will succeed Chief Executive Bob Gamgort in the second quarter…
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Hollywood writers reportedly near deal with studios to end strike
Hollywood writers and studios are reportedly near an agreement to end one of the months-long strikes that have brought production of TV shows and movies to a halt. Citing sources close to…
Medical cannabis treatment data company Kindly MD files for IPO
Kindly MD Inc., a Salt Lake City-based non-traditional medical treatment data company, plans to go public, according to a filing with the Securities and Exchange Commission late Wednesday. The company said it…
Opinion: Most investors can ignore whatever the Federal Reserve does today
The Federal Reserve’s moves — or lack thereof — will affect everyone. And almost no one. While market pundits have been trying to get their hands on the any indication of what…
Klaviyo’s stock opens about 23% above IPO price
Shares of Klaviyo Inc. were cheered in their Wall Street debut, as the digital-marketing software-as-a-service company’s stock opened 22.5% above its initial public offering price. The company sold 19.2 million shares in…
Bank of America strategist becomes latest on Wall Street to raise S&P 500 target
A stock-market strategist at Bank of America has raised her year-end target for the S&P 500 index for the second time this year, calling for the large-cap benchmark to climb roughly 3.5%,…
Early indications show Klaviyo opening up to 20% above the IPO price
Klaviyo Inc. KVYO, looks set to continue the trend of upbeat Wall Street debuts, as the profitable digital marketing software-as-a-service company’s stock is indicated to open up to 20% above the initial…
Boeing’s stock bounces after China’s plane-demand outlook was raised
Shares of Boeing Co. got a lift Wednesday, after the aerospace giant raised its outlook for how many new commercial planes China will need over the next two decades, citing increasing demand…
Seelos Therapeutics’ stock slides 58% after trial of treatment for suicidal ideation has too few patients to meet endpoint
Seelos Therapeutics Inc.’s stock SEEL, -73.59% tumbled 58% in premarket trade Wednesday, after the company reported promising results from a trial of a treatment for Acute Suicidal Ideation and Behavior (ASIB) in…
General Mills stock gains after profit and sales top expectations, as inflation moderates and supply chains stabilize
Shares of General Mills Inc. GIS gained 1% in premarket trading Wednesday, after the branded consumer foods company reported fiscal first-quarter results that topped expectations and affirmed its full-year outlook, as inflation…