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Amgen (AMGN) Recalls Put Its Valuation Story Back In Focus
Simply Wall St.38d agobearish
Amgen (AMGN) Recalls Put Its Valuation Story Back In Focus

Amgen (AMGN) has moved into focus after initiating voluntary nationwide recalls of certain Corlanor and Sensipar tablet lots due to foreign substances and CGMP deviations, prompting investors to reassess drug quality and compliance risks. See our latest analysis for Amgen. Against this recall backdrop, Amgen’s recent momentum has stayed intact, with a 30 day share price return of 5.30% and a year to date share price return of 12.35%. The 1 year total shareholder return of 27.66% and 3 year...

Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit
Yahoo Finance Video39d agobearishVIDEO
Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit

Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including JPMorgan analysts raising their price target on Eli Lilly (LLY) stock, Vertex Pharmaceuticals' (VRTX) acquisition of Crinetics (CRNX), and the possible $1.4 trillion lawsuit that multiple states are now suing Meta Platforms (META) for.

Amgen (AMGN) Recalls Sensipar And Corlanor In Broad US Quality Sweep
Simply Wall St.39d agobearish
Amgen (AMGN) Recalls Sensipar And Corlanor In Broad US Quality Sweep

Amgen has initiated several product recalls in the US for Sensipar (cinacalcet) and Corlanor (ivabradine). The recalls involve multiple lots, dosage strengths, and large product quantities distributed nationwide. Regulators cited current good manufacturing practice (CGMP) deviations and contamination concerns affecting certain products. The pattern of recurring recalls extends beyond a single isolated lot or event. For investors following Amgen, ticker NasdaqGS:AMGN, the scale and...

Bloomberg39d agobearish
China Watchdog Monitoring US Lawsuit Over Insider Trading Claims

(Bloomberg) -- China’s securities regulator said it was monitoring developments in a US lawsuit after Susquehanna International Group alleged insider traders made at least $100 million from well-timed options bets before Beijing’s recent crackdown on illegal cross-border trading. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last M

Pfizer (PFE) Wins FDA Approval For IBRANCE In HER2 Positive Breast Cancer
Simply Wall St.40d agobullish
Pfizer (PFE) Wins FDA Approval For IBRANCE In HER2 Positive Breast Cancer

Pfizer's IBRANCE has received new FDA approval as the first CDK4/6 inhibitor maintenance therapy for HR+, HER2+ metastatic breast cancer after induction treatment. The approval covers use of IBRANCE in combination with trastuzumab and endocrine therapy for patients with this subtype of breast cancer. The decision is based on results from the Phase 3 PATINA trial. For investors watching Pfizer (NYSE:PFE), this approval adds a fresh clinical milestone to a stock that has faced pressure in...

Alphabet (GOOGL) Faces Final €4.1b Android Antitrust Ruling In Europe
Simply Wall St.41d agoneutral
Alphabet (GOOGL) Faces Final €4.1b Android Antitrust Ruling In Europe

European Court of Justice upholds a €4.1b antitrust fine against Alphabet on its Android practices. Ruling is final and concludes a multi year legal dispute over Android market dominance in Europe. Decision increases regulatory pressure on Alphabet's core search and mobile ecosystems globally. For investors tracking Alphabet, ticker NasdaqGS:GOOGL, this ruling directly touches the foundations of its Android, search, and app distribution businesses. Alphabet runs one of the most widely used...

NuScale Power (SMR) Faces Lawsuit As It Awards Paragon Reactor Protection Contract
Simply Wall St.41d agobearish
NuScale Power (SMR) Faces Lawsuit As It Awards Paragon Reactor Protection Contract

NuScale Power (NYSE:SMR) is facing a legal challenge over claims it misrepresented the project experience of commercialization partner ENTRA1 in investor communications. The dispute raises questions about disclosure practices and potential legal and reputational consequences for future NuScale projects. Separately, NuScale awarded Paragon an engineering contract to design the highly integrated protection system for its certified small modular reactor modules. NuScale is currently the only...

Snap (SNAP) Stock May Be Below Fair Value As Child Safety Lawsuit Looms
Simply Wall St.42d agobearish
Snap (SNAP) Stock May Be Below Fair Value As Child Safety Lawsuit Looms

Snap stock is caught between a harsh trading history and a more forgiving valuation read, with shares down sharply over several years even as some market multiples now point to potential undervaluation. Snap has declined about 92.6% over the past 5 years, which shows how severely long term holders have been hit despite occasional short term bounces. Recent product updates such as AI powered advertising tools and smart glasses can support growth expectations, while legal and regulatory...

Snap (SNAP) Faces Lawsuit Over Claims Snapchat Enabled Grooming Of Minors
Simply Wall St.42d agobearish
Snap (SNAP) Faces Lawsuit Over Claims Snapchat Enabled Grooming Of Minors

A major lawsuit has been filed against Snap Inc. alleging that Snapchat's design and recommendation systems enabled grooming and abuse of minors. The case follows renewed scrutiny after a dark web manual surfaced that explicitly targets Snapchat features for child exploitation. The allegations focus on user safety, product design choices, and how Snapchat's algorithms connect users on the platform. The filing raises new questions about Snap's regulatory risk and potential exposure to tighter...

e.l.f. Beauty (ELF) Faces Fiduciary Duty Investigation Over Shareholder Oversight
Simply Wall St.43d agobearish
e.l.f. Beauty (ELF) Faces Fiduciary Duty Investigation Over Shareholder Oversight

Halper Sadeh LLC has initiated a legal investigation into e.l.f. Beauty (NYSE:ELF). The investigation focuses on whether certain officers and directors breached fiduciary duties to shareholders. Potential outcomes include corporate governance reforms or financial restitution for investors. The probe is ongoing and centers on board oversight and accountability to shareholders. e.l.f. Beauty operates in the cosmetics and skincare space, a segment where brand strength, consumer trust, and...

Vertex Pharmaceuticals (VRTX) Wins FDA Approval To Treat Two Year Olds With CASGEVY
Simply Wall St.43d agobullish
Vertex Pharmaceuticals (VRTX) Wins FDA Approval To Treat Two Year Olds With CASGEVY

FDA approved expanded use of CASGEVY for children as young as two years with sickle cell disease and transfusion-dependent beta thalassemia. The approval makes CASGEVY the first gene therapy of its kind available to this pediatric group in the U.S. Vertex Pharmaceuticals estimates that roughly 5,500 additional children in the U.S. may now be eligible for this one-time genetic treatment. Vertex Pharmaceuticals, traded as NasdaqGS:VRTX, now has FDA approval to offer CASGEVY to a much younger...

Nike (NKE) Faces 7 Eleven Trademark Lawsuit Over Air Max 95 Design
Simply Wall St.43d agobearish
Nike (NKE) Faces 7 Eleven Trademark Lawsuit Over Air Max 95 Design

7-Eleven has filed a trademark lawsuit against NIKE over the design of an upcoming Air Max 95 sneaker. The dispute centers on alleged use of 7-Eleven's branding elements in the shoe's color scheme and design. The case introduces legal risk around a product launch that targets collectors and sneaker-focused consumers. NIKE, traded as NYSE:NKE, is dealing with this legal challenge at a time when the stock has fallen 30.3% year to date and 40.7% over the past year, with the current share price...

Did RMB 1.85 Billion CSRC Penalty and U.S. Lawsuits Just Shift Futu Holdings' (FUTU) Narrative?
Simply Wall St.43d agobearish
Did RMB 1.85 Billion CSRC Penalty and U.S. Lawsuits Just Shift Futu Holdings' (FUTU) Narrative?

Futu Holdings is facing multiple securities class action lawsuits in the U.S. after Chinese regulators accused the company of running unlicensed securities, public fund sales, and futures businesses in mainland China and proposed penalties totaling about RMB 1.85 billion (around US$271 million), which Futu has already reflected in its reported earnings. The lawsuits allege that Futu overstated its financial results and misled investors about regulatory compliance, putting the company’s...

ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal
Simply Wall St.44d agobearish
ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

Pomerantz LLP has opened an investor investigation into ON Semiconductor (NasdaqGS:ON) following the announced acquisition of Synaptics. The review focuses on potential securities law violations or unlawful business practices linked to the deal and the sharp share price drop that followed. This adds a legal dimension to the Synaptics transaction that may be relevant for current and prospective ON Semiconductor shareholders. ON Semiconductor operates in the semiconductor sector, supplying...

Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers
Bloomberg44d agoneutralVIDEO
Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

Top EU court dismisses Google appeal of $4.5 billion antitrust fine
Associated Press44d agobearish
Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court dismissed an appeal by Google over a landmark, 4.1 billion euro ($4.5 billion) antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. The case has been tangled up in courts since the European Commission announced the fine in 2018. “The appeal brought by Google and its parent company Alphabet against the judgment of the General Court is dismissed, thereby confirming the penalty imposed for Google Search’s abuse of a dominant position in the context of the Android operating system,” the Luxembourg-based judges wrote in their ruling.

Google loses fight against record €4.1 billion EU antitrust fine
Reuters44d agoneutral
Google loses fight against record €4.1 billion EU antitrust fine

Alphabet's Google on Thursday lost its fight against a record fine imposed by ‌EU antitrust regulators eight years ago for using its Android mobile operating ‌system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech. The European ​Commission had originally handed out a €4.34 billion fine to Google in 2018 for its agreements which forced phone manufacturers to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices and prevented them from using rival ‌Android systems. Google then appealed ⁠to the Luxembourg-based Court of Justice of the European Union, Europe's highest.