Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
Share:
More In Business
Apple Tops Earnings Estimates But Slow Revenue Growth Continues
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
Potential Strike by Las Vegas Workers
Thousands of hospitality workers across 18 casinos in Las Vegas have announced they are set to strike if a new contract agreement is not reached by Friday, November 10.
Mariah Carey Teams Up With Victoria's Secret
Mariah Carey, the 'Queen of Christmas,' is teaming up with Victoria's Secret for a new holiday collection.
Stocks Jump After Job Report Shows Slowing in Hiring
Stocks jumped Friday after a jobs report showed a higher slowdown in hiring, giving hope to an end in rate hikes.
Study: Gender-Diverse Workplaces More Productive
A new study found greater productivity in companies with a higher gender balance.
Apple Beats Expectations in Latest Quarter
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
FTC Accuses Amazon of Using Algorithm to Inflate Prices
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
U.S. Adds 150,000 Jobs in October; Unemployment at 3.9%
The Labor Department reported the U.S. economy added 150,000 jobs in October, down from an adjusted 297,000 jobs added in September.
Biden to Host Supply Chain, Migration Summit
President Biden is gathering leaders from countries across the Americas to discuss supply chains and migration issues.
