Investing.com – Citizens raised its price target on Celcuity Inc (NASDAQ:CELC) shares to $160 from $150 on Monday while maintaining a Market Outperform rating. The stock currently trades at $146.60, reflecting a remarkable 1,053% gain over the past year, though InvestingPro data indicates the shares may be overvalued relative to its Fair Value estimate. The…
Surging demand for weight loss and diabetes drugs leaves the pharmaceutical sector at risk from a “bubble effect” as profitability soars, new research suggests. Demand for the likes of Wegovy and Zepbound has driven research and development returns to their highest level in years, but a report published by Deloitte on Monday suggests this is…
GameStop said on Sunday it was making a cash-and-stock bid to acquire eBay for about $55 billion, the latest in a series of audacious bets by GameStop’s chief executive, Ryan Cohen. A video game and collectibles retailer that became a favorite among meme stock investors, GameStop said it was offering $125 per share for eBay,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’ Wall Street pros used to dismiss retail investors as “dumb money” — amateurs who knew no better than to…
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images South Korean stocks rose Monday to hit a fresh record, following their strongest monthly gain in April, as investors weighed tensions between Iran…
An investigation is underway after a United Airlines flight destined for Newark Liberty International Airport on Sunday struck a light pole while landing, damaging the pole and a tractor-trailer traveling along the New Jersey Turnpike, the authorities said. The unidentified driver of the tractor-trailer was taken to a hospital with minor injuries and has since…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
The Equal Employment Opportunity Commission is poised to file a civil rights lawsuit against The New York Times, centered on the allegations of a white male employee who did not get a sought-after promotion and argued it was because of his race and gender, two people familiar with the matter said. The lawsuit, which could…
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC OMAHA, Nebraska — In his debut running Berkshire Hathaway‘s annual meeting, Greg Abel delivered what many shareholders came to see: a steady hand, a firm grasp of the sprawling conglomerate and just enough of…
Older actresses aren’t bankable? The blockbuster era for traditional comedies is over, with streaming having siphoned away the audience? Meryl Streep, 76, stepped back into Miranda Priestly’s sky-high heels over the weekend and demolished those Hollywood orthodoxies. “The Devil Wears Prada 2,” an old-fashioned workplace comedy, collected roughly $77 million at theaters in North America…
