Asian Markets Mostly Higher Ahead Of U.S. Midterm Elections

Asian Markets Mostly Higher Ahead Of U.S. Midterm Elections
Asian stock markets are mostly higher on Tuesday following the mostly positive cues from Wall Street. Nevertheless, investors are cautious as they look ahead to the U.S. midterm elections to be held later in the day, which will decide control of both the House and Senate. Democrats are seen as having a much better chance to claim a majority in... Read More

CLSD Loses Shine, AVDL’s Q3 Results Disappoint, CWBR Briefly Suspends NASH Trial

CLSD Loses Shine, AVDL’s Q3 Results Disappoint, CWBR Briefly Suspends NASH Trial
The following are some of the pharma/biotech stocks that posted the biggest percentage decline today. 1. Clearside Biomedical Inc. (CLSD) Lost 62.77% to close Monday’s (Nov.5) trading at $2.07. News: The Company’s phase III study of combination therapy in Retinal Vein Occlusion did not meet its primary endpoint. The study, dubbed SAPPHIRE, investigated the superiority of XIPERE used together with... Read More

TRPX On A High, PBYI Braces For Busy Times Ahead, NVCN On Watch

TRPX On A High, PBYI Braces For Busy Times Ahead, NVCN On Watch
The following are some of today’s top gainers in the pharma/biotech sector. 1. Therapix Biosciences Ltd. (TRPX) Therapix Biosciences is a Canada-based specialty clinical-stage pharmaceutical company developing unique cannabinoid technologies for treatment of central nervous system disorders. Gained 37.31% to close Monday’s (Nov.5) trading at $9.20. News: No news Recent event: On October 24, the Company signed a binding letter... Read More

Avis Budget stock drops after earnings miss

Avis Budget stock drops after earnings miss
Avis Budget Group Inc. CAR, +2.92% shares took a hit in after-hours trading Monday after the car-rental company reported lighter quarterly profit and revenue than expected. Avis Budget reported third-quarter net income of $213 million, or $2.68 a share, on revenue of $2.78 billion, up slightly from $2.75 billion a year ago. After adjustments for taxes and other effects, the... Read More

Priceline parent company’s stock jumps nearly 8% after earnings

Priceline parent company’s stock jumps nearly 8% after earnings
Booking Holdings Inc. BKNG, -0.21% the online-travel company formerly known as Priceline, saw shares jump in after-hours trading Monday after the company reported earnings. Booking reported net income of $1.77 billion, or $37.02 a share, on sales of $4.85 billion, up from $4.38 billion a year ago. After adjustments for tax and other effects, the company claimed profit of $37.78... Read More