Shares of Kindred Biosciences (NASDAQ: KIN) soared 46% on Wednesday after the pet-focused biotech company said it agreed to be acquired by Elanco Animal Health (NYSE: ELAN). KindredBio will help to bolster Elanco's pet therapeutic pipeline in fast-growing markets such as dermatology. The combination is also projected to strengthen Elanco's relationships with veterinary clinics.
The stock was up 0.7% at $143 in premarket trading ahead of the report, due after the close of trading. CEO Elon Musk will likely face pointed questions from investors during the post-results conference call about the fate of the so-called Model 2, a low-cost vehicle he had promised in January would be available in 2025. Reuters exclusively reported earlier this month that Tesla had scrapped plans for the model and shifted focus to building a self-driving robotaxi on the same small-car platform.
This is the hilarious moment a cat jumps onto the back of a horse, sending it running and scaring the cat away from the cowboy lifestyle in Alberta, Canada on February 27.
This is the moment a pair of boys who were unsupervised for mere moments accidentally roll an off-roader down a driveway and into a parked car in the US on April 15. The two vehicles were damaged but luckily the children were not injured.
At least five migrants died in an attempt to cross the English Channel from an area near the French town of Wimereux on Tuesday, police said. The French coast guard confirmed a police rescue operation had found several "lifeless bodies" following a failed attempt to cross the Channel. A coast guard spokesperson said its agents were still operating at sea after what the official called a "busy" morning, with several crossing attempts. The attempts took place after Britain's upper house of parliament passed legislation on Monday night that will allow the U.K. government to send asylum-seekers to Rwanda rather than stay in Britain for processing. Credit: Sky News
At least five migrants, including a child, have died after their dinghy capsized in an attempt to cross the English Channel, French emergency services said on Tuesday.
After her and Prince Harry parted ways with Spotify, Meghan Markle has inked a deal with female-founded company, Lemonada Media.
Parliamentary stand-off ends, opening the way for asylum seekers to be sent to the African country.
For the England hopefuls, all roads lead to Gelsenkirchen on June 16 where Gareth Southgate’s team play their opening fixture of the 2024 European Championship.
Shoppers spend more on promotions as Easter lifts sales of chocolate eggs and hot-cross buns
“Numerous” arrests were made by responding police officers at NYU’s Gould Plaza on Monday, April 22, the NYPD’s Deputy Commissioner Kaz Daughtry said, after the university requested assistance in clearing pro-Palestinian protesters from the area.Footage captured by Isabelle Leyva shows police and protesters at the scene, in front of NYU’s Stern School of Business.“Today’s events did not need to lead to this outcome," NYU spokesman John Beckman said. Beckman said things “escalated” when “additional protesters, many of whom we believe were not affiliated with NYU, suddenly breached the barriers”.Beckman said several “antisemitic incidents” had been reported. Credit: Isabelle Leyva via Storyful
Two Malaysian military helicopters collided and crashed during a training session on Tuesday, killing all 10 crew onboard, the country’s rescue agency said.
Nine people were injured as a result of a Russian strike on southern port city of Odesa in the early hours of Tuesday, Ukraine's National Police said.
Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package. The vote from the Norwegian fund, UBS' second-largest shareholder, at the bank's annual general meeting this week is a boost for UBS, which is seeking to prop up its capital buffers to satisfy Swiss regulators' demands as it integrates its former rival Credit Suisse. AT1 bonds, a type of debt that acts as a shock absorber if a bank's capital levels fall below a certain threshold, have been encouraged by regulators since the 2008-09 global financial crisis.
Rwanda is gearing up to welcome deported asylum seekers now the landmark UK bill has passed.
Good Morning Maryland Tuesday Weather - Stevie Daniels
U.S. stock futures edged higher early Tuesday as investors cautiously built on the optimism that finally returned in the previous session. Futures on the Dow Jones Industrial Average and S&P 500 were both 0.1 higher, and Nasdaq 100 futures rose 0.2% in early trading. All three major indexes closed higher Monday, as the S&P 500 and Nasdaq Composite indexes both snapped six-day losing streaks.
Tesla has closed lower for seven straight sessions but the stock rises ahead of its first-quarter earnings report scheduled for after markets close Tuesday. GE Aerospace, General Motors, UPS, Lockheed Martin, and PepsiCo also report earnings Tuesday.
Activists welcomed the ruling as a "significant milestone" for LGBTQ rights in the Caribbean.
Tesla has closed lower for seven straight sessions but the stock rises ahead of its first-quarter earnings report scheduled for after markets close Tuesday. GE Aerospace, General Motors, UPS, Lockheed Martin, and PepsiCo also report earnings Tuesday.
Associated British Foods said consumers remain under some pressure from the cost-of-living crisis.
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