In the midst of the second meme craze, AMC Entertainment has seen a surge in its stock price, following the return of “Roaring Kitty,” also known as Keith Gill, who inspired the massive short squeeze of 2021. This surge has led AMC shares to more than double since Friday’s close, rising above $6 in afternoon
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Novavax shares surged by 50% following the announcement of a new multibillion-dollar agreement with French pharmaceutical giant Sanofi. This deal marked a significant turnaround for Novavax, a company that had been struggling with doubts about its financial viability since February 2023. The stock nearly doubled in value after the licensing agreement was made public, allowing
The restaurant industry has been facing a slowdown in sales and traffic, with many eateries experiencing a decline in customer spending. However, some chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen have managed to report strong sales this quarter, largely due to the support of high-income consumers. Compared to lower-income brackets, high-income consumers have not
Moderna, a leading biotech company, recently announced that the Food and Drug Administration has postponed the approval of its vaccine for respiratory syncytial virus (RSV) until the end of May. This delay was attributed to “administrative constraints” at the agency, causing a setback in the expected decision-making process. Despite the delay, the FDA has not
The upcoming bout between Mike Tyson and Jake Paul, set to take place on July 20 at AT&T Stadium in Arlington, Texas, has generated significant buzz among boxing fans and bettors alike. With the fight being streamed globally on Netflix, fans are eagerly anticipating witnessing the former heavyweight champion Tyson, at 58 years old, take
A recent regulation by the Consumer Financial Protection Bureau aimed at reducing late fees on credit cards is facing significant opposition from the card industry. Led by the U.S. Chamber of Commerce, the industry has taken legal action to prevent the implementation of the new rule. This move has caused a legal battle that is
In an unprecedented move, the summer movie season of 2024 kicked off without a Marvel Cinematic Universe film for the first time in over a decade. This absence of a guaranteed blockbuster franchise was evident in the lackluster performance of Universal’s “The Fall Guy,” which only managed to bring in less than $28 million during
Disney has been a powerhouse in the entertainment industry for decades, but with the rise of streaming services, the company has had to adapt to stay relevant. In the second quarter, Disney came close to turning a profit in its streaming units for the first time, marking a significant shift in the company’s focus. The
Former Starbucks CEO Howard Schultz recently expressed his thoughts on the coffee chain’s disappointing quarterly report, stating that he believes the company has the potential to bounce back if it focuses on enhancing its U.S. stores. Schultz emphasized the need for a significant improvement in the mobile order and pay experience, along with a revamp
Amgen’s stock experienced a significant surge of more than 12% following the release of positive initial data on its experimental weight loss injection, MariTide. The market’s reaction to this news highlighted investor concerns about new competition in the weight loss drug industry, leading to decreases in the stock prices of current obesity medication players such