Avis Budget Group Soars on Retail Frenzy Fueled by EV Prospects
(Bloomberg) Shares of Avis Budget Group Inc. rose as much as 218% to a record $545.11 following announced plans of a bigger role in facilitating electric car uptake in the…
Ralph Lauren Falls 6.7% as Investors Remain Less Upbeat Despite Sales Jump
(Ralph Lauren) Shares of Ralph Lauren Corp. fell up to 6.7% in New York trading, the most since May 20, despite reporting a 26% jump in Q2 2022 revenues to…
Pfizer Upgrades Revenue Guidance After an Expansion in Vaccine Shipment
(Pfizer) Pfizer announced that it is expecting $36 billion in vaccine sales revenue by the close of the year and $29 billion next year with the increasing vaccine shipment. Pfizer's…
DuPont Enters Into Deal to Acquire Rogers Corporation for $5.2B
(Rogers Corporation) DuPont has agreed to acquire Rogers Corporation for a $5.2 billion all-cash transaction. Rogers shareholders will receive $277 in cash per share, about 33% premium of the company’s…
BP Performs Poorly in Carbon Emission Control, Research Shows
(Bloomberg) British Petroleum has come under pressure after data from the Permian Basin, US largest oil field, revealed that its operations were among the dirtiest among the firms operating there.…
Under Armour Jumps 12% as FY21 Guidance Overshoots Estimates
(Under Armour) Shares of Under Armour Inc. rose by 10.5% on Tuesday after the company said it expects revenues in 2021 in North America to increase in the high twenties.…
Tesla Yet to Sign Contract With Hertz as Musk Faults “Strange” Company Valuation
(MarketWatch) Tesla’s CEO Elon Musk says that the company has not signed a contract to deliver 100,000 electric vehicles to Hertz by 2022. Musk questioned a 33% Tesla stock rally…
Amazon-Backed EV Start-Up Rivian Eyes $60B IPO Next Week
(WSJ) Rivian Automotive Inc., an Amazon-backed electric-vehicle startup, is looking to sell its shares between $57 and $62 a piece in a public listing next week that will value it…
Biotech Firm ABVC BioPharma Soars Up to 930% on Retail Frenzy
(Bloomberg) Shares of small biotech firm ABVC BioPharma Inc. rose as much as 930% in premarket trading on Monday before shedding gains to below 300% on retail frenzy. ABVC attracted…
Harley-Davidson Soars as US and EU Moves to Ease Trump-Era Metal Tariffs
(CNBC) Shares of motorcycle maker Harley-Davidson rose as much as 9.4% in premarket on Monday after the US and European authorities agreed to ease aluminum and steel tariffs. The EU…
Xpeng Deliveries Jump 233% YoY in October
(Xpeng) Vehicle deliveries by Chinese electric vehicle maker Xpeng Inc. rose 233% in October 2021 from the prior year to 10,138. Out of the total deliveries, 6,044 consisted of P7s,…
Exxon Back Into Profit as Earnings Jump by $7.4 Billion in Q3 2021
(ExxonMobil) Exxon Mobil reported $6.8 billion profit or $1.57 per diluted share earnings in the third quarter of 2021, an increase from a loss of 680 million or -$0.15 per…
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