A Biogen facility in Cambridge, Massachusetts.Brian Snyder | ReutersBiogenic plans to advance an experimental Alzheimer’s disease drug to late-stage testing despite disappointing mid-stage trial data, the company announced Thursday.Biogen said its experimental drug that targets tau, a protein associated with memory loss disease, failed to show better responses at higher doses.Nonetheless, Biogen plans to advance it to phase 3 testing due to signals suggesting the treatment lowers tau levels and slows cognitive decline, particularly at the lower dose. Dr. Priya Singhal, head of development at Biogen, said the results are compelling.“We’re really excited to have been able to demonstrate an…
Author: Stacey D. Walls
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President Donald Trump on stage at the Trump Accounts Summit at the Treasury Department in Washington, January 28, 2026.Kevin Lamarque | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide for wealthy investors and consumers. Register to receive future editions, straight to your inbox.As the Trump administration considers whether to allow donations of stock in Trump accounts for America’s children, the potential expansion raises questions about the legal path — and highlights the powerful tax benefits — to get there. “We all want to maximize more multi-billion dollar gifts into children’s…
Versant Media Group on Thursday revealed results for its latest quarter – the first as a standalone company following its separation. Comcast NBCUniversal and began trading on Nasdaq earlier this year. The report reveals continued pressure on the traditional pay TV package, but highlights growth in digital platform and licensing activities.Versant shares rose about 10% in early trading.Linear distribution revenue from its pay-TV networks — which include CNBC, MS NOW and Golf Channel as well as USA, E!, Syfy and Oxygen — declined about 7% during the period, to $1.01 billion. The company said this was due to declining subscriber…
Connor Hart / Wall Street Journal: Klarna reports first-quarter revenue up 44% year-over-year to $1.01 billion, above estimate, GMV up 33% to $33.7 billion, active customers up 20% to $119 million and profit of $1 million, compared with a loss of $99 million year-over-year.— The buy now, pay later company said its first-quarter revenue jumped 44% to $1.01 billion — Klarna reported a first-quarter profit…
Wall Street Journal: Foxconn reports first-quarter revenue up 29% year-over-year to ~$67 billion and net profit up 19% year-over-year to ~$1.6 billion, matching the estimate as it boosts production of AI servers, its largest source of revenue.— Cloud and network products, including AI servers, remained the largest contributor to the company’s revenue.
Max A. Cherney / Reuters: Filing: Jensen Huang’s foundation purchased $108.3 million worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes.— The foundation of Nvidia (NVDA.O) CEO Jensen Huang and his wife, Lori, buys computing time from CoreWeave (CRWV.O)…
Carmen Arroyo / Bloomberg: Sources: Apollo Global, Morgan Stanley and others are testing Grok internally as part of the xAI effort for the financial sector, but financiers rarely use it for their work.— Elon Musk’s xAI has recruited several Wall Street companies linked to the billionaire’s business empire to test its Grok chatbot…
Jordan Novet / CNBC: Cisco reports third-quarter revenue up 12% year-over-year to $15.84 billion, compared to an estimated $15.56 billion, forecasts fourth-quarter revenue above estimates and cuts nearly 4,000 jobs; CSCO jumps more than 17% after hours— Shares of Cisco soared 15% in extended trading Wednesday after the networking company reported earnings and guidance that beat Wall Street projections.
An Allegiant Air plane lands at Harry Reid International Airport July 26, 2022 in Las Vegas.Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty ImagesAllegiant Travel Co..the acquisition of Sun Country Airlines closed Wednesday, and the combined company’s chief executive, Greg Anderson, said Allegiant Air would continue to outperform despite industry turmoil, including rising jet fuel costs.“Our model was built to protect margins, not to pursue growth,” Anderson said in an interview with CNBC. The Las Vegas-based airline announced its $1.5 billion cash-and-stock deal, including debt, in January to buy Minneapolis-based Sun Country. The brands and booking…