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[ad_1] Sangamo Therapeutics Stock Plunges As Pfizer Terminates Hemophilia Gene Therapy Pact On Monday, Sangamo Therapeutics, Inc. (NASDAQ:SGMO) regained the development and commercialization rights to giroctocogene fitelparvovec, an investigational gene therapy product candidate for moderately severe to severe hemophilia A that it has co-developed with and licensed to Pfizer Inc (NYSE:PFE). Pfizer decided to terminate the global collaboration and license agreement between the parties. Sangamo intends to explore all options to advance the program, including seeking a potential new collaboration partner. Also Read: FDA Approves Pfizer’s Second Hemophilia Drug With Six Months In July 2024, Pfizer announced topline results from the…

[ad_1] New York, New York–(Newsfile Corp. – December 31, 2024) – Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Gitlab (NASDAQ:) Inc. (NASDAQ: GTLB) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Gitlab insiders caused the company to misrepresent or fail to disclose material adverse facts concerning GitLab’s ability to develop AI features that would generate code more efficiently and increase market demand for its DevSecOps platform, and, as a result, positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.…

[ad_1] Image source: Rolls-Royce plc Last year, the best-performing share in the FTSE 100 index was aeronautical engineer Rolls-Royce (LSE: RR). This year, the company has almost achieved the same impressive feat again. Rolls-Royce shares have soared 93% so far in 2024, on top of that stellar performance last year. What if the company has another knockout year in 2025? Another 93% rise would take Rolls-Royce shares to around £11.14 apiece. Ordinarily I would not expect a mature, blue-chip company with a large market capitalisation to almost double in value if it had already done so the prior year. But…

[ad_1] New York, New York–(Newsfile Corp. – December 31, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: NYSE:) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. To join the prospective class action,…

[ad_1] In a move aimed at enhancing system robustness, Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy Inc. (NASDAQ:), has filed its Texas System Resiliency Plan (SRP) with the Public Utility Commission of Texas. The filing, announced on Monday, outlines a series of measures designed to fortify infrastructure against various threats, including wildfires. With a market capitalization of $39 billion and a track record of 20 consecutive years of dividend increases, as reported by InvestingPro, Xcel Energy demonstrates the financial strength to support such infrastructure investments. The SRP, which spans from 2025 to 2028, includes a total projected…

[ad_1] dulezidar / Getty Images In the world of investing, cryptocurrency is a particularly divisive topic. Some investors are bullish on crypto, while others steer clear of this relatively new asset class. But in recent years, cryptocurrency, especially Bitcoin, has gained recognition as a legitimate asset. Be Aware: Is a Bitcoin Crash Coming in 2025? Experts Weigh In Learn More: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You Explore why BlackRock, a top-tier global investment company, recently announced its recommendation of keeping some of your portfolio wrapped up in the cryptocurrency. BlackRock is a well-recognized investment company that…

[ad_1] london stock exchange at paternoster square A British car battery company led by former Tesla executives has quit the London stock market less than a month after tapping investors for £500,000. DG Innovate (DGI), which is run by ex-Tesla director Peter Bardenfleth-Hanse, lashed out saying a lack of support for start-ups in the City had prompted the decision to abandon the main market and go private. In particular, the company said red tape around London’s stock listing rules meant it was more difficult to raise money, which has hindered its attempts to grow. However, the company had raised £500,000…

[ad_1] The final session of 2024 is here and it will mark the end of a remarkably smooth year for Wall Street. The S & P 500 has rallied more than 23% for the year, hitting record highs along the way. The Dow Jones Industrial Average and Nasdaq Composite also soared to record levels, as a cocktail of artificial intelligence enthusiasm, a strong economy, easing monetary policy and expectations of deregulation ahead boosted sentiment. These gains came with very little turbulence. The S & P 500 did not suffer a correction at any point, which is typically defined as a…

[ad_1] Image source: Getty Images Does it make sense for a company’s sales to be shrinking yet its share price to soar? One FTSE 100 company has been in just that position lately. Its share price has grown 41% in 2024, yet in its most recent annual results (to the end of September), sales actually declined slightly compared to the prior year period. This is a stock I used to hold but sold some years ago, meaning I have missed out on that jump of over two-fifths in share price this year. On top of that, by not owning the…

[ad_1] In a stark reflection of the market’s volatility, Allbirds Inc. (NASDAQ:) stock has tumbled to a 52-week low, touching down at $6.76. According to InvestingPro data, the eco-friendly footwear company has seen its market capitalization shrink to just $56.9 million, with the stock recording a steep 70.7% decline year-to-date. The company, known for its sustainable approach to fashion, has faced a challenging year marked by significant headwinds. Investors have shown concern as the brand grapples with the competitive retail environment and shifting consumer trends. InvestingPro analysis reveals the company is quickly burning through cash, with revenue declining 22.7% in…