LLY Pauses COVID-19 Antibody Trial, JNJ Boosts Annual Outlook, Double Whammy For GOSS

Today’s Daily Dose brings you news about Lilly temporarily halting phase III trial of COVID-19 antibody, Gossamer Bio’s oral GB001 flunking in both asthma and chronic rhinosinusitis trials, encouraging data from Regeneron/Sanofi’s Dupixent trial, and Johnson & Johnson’s rosy outlook. … Read more…

Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook

Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks. Reuters: Business News SPECIAL … Read more…

Children’s Place Slashes FY19 Outlook, Declares Dividend – Quick Facts

While reporting financial results for the third quarter on Wednesday, children’s specialty apparel retailer The Children’s Place, Inc. (PLCE) provided adjusted earnings and net sales guidance for the fourth quarter and slashed outlook for the full-year 2019. RTT – Earnings … Read more…

Tesla Profit Tops Street, “highly Confident” To Meet Delivery Outlook, Shares Up

Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is “highly confident” to … Read more…

Fed’s Beige Book Indicates Positive Outlook Despite Trade-Related Uncertainty

A report from the Federal Reserve on Wednesday said economic activity continued to expand at a modest pace overall from mid-May through early July. The Fed referenced widespread concerns about the possible negative impact of trade-related uncertainty but said the … Read more…

Lowe’s Intends To Exit Retail Operations In Mexico; Updates Outlook

Lowe’s Companies, Inc. (LOW) announced the company intends to exit its Mexico retail operations and is exploring strategic alternatives. The company has also identified certain non-core activities within its U.S. home improvement business to exit, including Alacrity Renovation Services and … Read more…