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APGE News6 articles
Alphabet's AI Cost Fears Trigger Nasdaq Slide; Dow Gains on Oil Drop
Alphabet (GOOGL) tumbled 5.5% on AI spending worries, pulling the Nasdaq down 1.41%, while a drop in oil prices lifted the Dow 0.12%.
AbbVie Acquires Apogee Therapeutics for $10.9B in Cash, Bolstering Pipeline
AbbVie announced a $10.9 billion cash acquisition of Apogee Therapeutics, adding a promising eczema treatment to its pipeline as it seeks to offset declining Humira sales.
S&P 500 Edges Up, Nasdaq Slips as Micron Surge Offsets Tech Weakness
The S&P 500 and Dow edged higher, but the Nasdaq slipped as Micron's nearly 5% gain lifted chip stocks, while rising yields weighed on mega-cap tech.
AbbVie to Acquire Apogee Therapeutics for $10.9 Billion in Cash
Apogee Therapeutics stock jumped 47% after AbbVie agreed to buy the company for $135.11 per share in cash, adding late-stage eczema drug zumilokibart.
AbbVie to Buy Apogee in $10.9B Deal to Boost Immunology Pipeline
AbbVie acquires Apogee Therapeutics for $10.9 billion, paying a 49.49% premium for experimental eczema drug zumilokibart, as it seeks to bolster its immunology franchise.
AbbVie Nears $10.9B Apogee Takeover, Healthcare Stocks in Focus
AbbVie is reportedly close to acquiring Apogee Therapeutics for $10.9 billion in cash, offering a roughly 60% premium. A deal could be announced Monday, putting healthcare stocks in the spotlight.