© Reuters. FILE PHOTO: A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo By Manya Saini, Niket Nishant and Chibuike Oguh (Reuters) – Birkenstock’s stock ended more than 12% below its initial public offering (IPO) price…

Shares of Tempest Therapeutics exhibited a notable surge on Wednesday, following the release of encouraging study results. The biopharmaceutical company’s drug combination of TPST-1120 and Roche Holding (OTC:)’s Tecentriq and Avastin showed significant promise in treating hepatocellular carcinoma (HCC), a prevalent type of liver cancer. The triple therapy demonstrated an…

© Reuters. 2024 networking spend concerns prompt Arista Networks (ANET) downgrade at Piper Sandler Piper Sandler analysts downgraded shares of Arista Networks (NYSE:) to Neutral, maintaining a $190 price target on the stock in a note Wednesday. The analysts described the stock as a “secular winner in a cyclical space”…

© Reuters. Investing.com — U.S. stocks are mixed, with Nasdaq moving higher Wednesday after stronger than expected September producer prices data. Here are some of the biggest U.S. stock movers today: Pioneer Natural Resources (NYSE:) stock rose 1.2% after oil major Exxon Mobil (NYSE:), down 4.2%, confirmed plans to acquire…

© Reuters. Toyota (TM) enters multi-year sponsorship deal with NFL Toyota Motors (NYSE:), alongside the National Football League (NFL) made a joint announcement Wednesday revealing the two have entered into a multi-year sponsorship deal. With this agreement, Toyota plans to use the NFL’s year-round events to reach football fans across…

© Reuters. FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Sabrina Valle and Arathy Somasekhar HOUSTON (Reuters) -Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources (NYSE:) in an all-stock deal valued at $59.5 billion that…

© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Jeremy Grantham, founder of investment management firm GMO, has predicted a 50% fall in the U.S. stock market, as revealed in a recent Bloomberg podcast interview. The veteran investor cautioned against overvalued U.S. stocks and instead recommended high-quality stocks, characterized by…

© Reuters. ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration By Mrinalika Roy (Reuters) – Exxon Mobil (NYSE:)’s mega $60 billion deal for shale rival Pioneer Natural Resources (NYSE:) could be a catalyst that will drive further consolidation in the U.S.…

© Reuters. FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus/File Photo By Heekyong Yang and Joseph White SEOUL (Reuters) -Stellantis and South Korea’s Samsung (KS:) SDI Co Ltd on Wednesday said they will build a second electric vehicle battery…

© Reuters. Birkenstock, the German footwear specialist, has set its initial public offering (IPO) price at $46 per share, establishing a company valuation of approximately $8.6 billion, according to reports on Wednesday. The IPO pricing aligns with the company’s initial guidance of $44 to $49 per share. Trading under the…