Paramount CEO David Ellison is considering relocating CBS News out of New York City as part of a legal strategy in his dispute with New York and California attorneys general. The move aims to pressure California AG Rob Bonta, who leads a coalition opposing Paramount's $110 billion acquisition of Warner Bros. Discovery. Paramount’s board has also approved a plan to move its Hollywood studio out of California if settlement talks fail. Ellison may shift news operations to Atlanta, and the potential sale of CBS News’ broadcast center could generate billions. The legal battle continues with no formal talks, while Paramount faces a $7 million daily penalty if the merger is delayed past October 1.
Industrial Alliance Securities lowered Abeona Therapeutics' price target from $20 to $15 following a 14% stock drop after the company reported Q2 revenues of $11.4 million, missing analyst expectations. The company faces operational challenges with i...
Inovio Pharmaceuticals is progressing its DNA medicine pipeline with its lead candidate INO-3107 for Recurrent Respiratory Papillomatosis under FDA accelerated review, targeting a decision by October 30, 2026. The company raised $18.3 million in fund...
Morin Brit, a director at Life360, sold 15,582 shares of the company, generating $1 million from the transaction. This sale may indicate a personal financial decision or portfolio adjustment by the director. Investors might watch for any further insi...
AbCellera Biologics announced positive Phase 2 trial results for its experimental menopause drug ABCL635, which significantly reduced hot flash frequency by 83%. The stock surged 33.19% to a 52-week high of $11.32, boosting the company's market cap t...
TOMI Environmental Solutions reported a 118% year-over-year revenue increase to $2.25 million, surpassing analyst estimates of $1.84 million. The company also beat EPS expectations with a loss of $0.05 per share, better than the anticipated loss of $...
