Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Shares of the psychedelics-focused biotech AtaiBeckley surged in premarket trading after reports that Eli Lilly is in discussions about a potential deal, sending momentum into a space that has attracted both scientific and commercial interest.
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The move expands Uber’s footprint in a sector where it has been trying to deepen its presence beyond rides and into on-demand delivery.
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The carrier says it is using the sports retail and collectibles event to create interactive ways for fans to play, collect and connect between July 16 and 19.
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The Cambridge biotech said the first participant has received doses in its Phase 1 study evaluating mRNA-4200, an investigational mRNA-based treatment designed to target cancer antigens in solid tumors.
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Warren Buffett said he now favors “four or five” businesses Berkshire owns more than Alphabet, a rare public qualification of his view on the mega-cap tech stock.
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Dow Jones futures pointed lower, and GE Aerospace shares fell even after the company reported strong results, as market sentiment stayed constrained by an ongoing selloff tied to AI-related stocks.
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The acquisition gives Lilly a pipeline asset built around a DMT (dimethyltryptamine) nasal spray, which has received U.S. FDA Breakthrough Therapy Designation for treatment-resistant depression.
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Even after a 133%-plus total return over the past five years, Costco Wholesale’s shares are drawing renewed debate about whether the price has outrun fundamentals, according to a new market report.
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An exclusive report says Disney’s cruise ship fleet generated about $3 billion in its most recent fiscal year, even as the entertainment giant has traditionally avoided detailed financial disclosure for the business. Disney is also reportedly planning to add five more ships in connection with a broader, $60 billion expansion.
