Rivian Electric Trucks Outsell Ford F-150 Lightning, Stock Soars

Text size Rivian delivered 4,467 vehicles in the second quarter, up 264% from the first quarter. Courtesy Rivian Rivian Automotive gave investors an update on production that quickly sent the stock higher Wednesday. The company’s numbers show it has sold more electric pickup trucks than truck giant Ford Motor . For the second quarter, Rivian … Read more

Axsome Therapeutics Stock Soars on Proposed FDA Labeling for Depression Drug

Text size Axsome is reviewing the proposed labeling from the FDA. Dreamstime Shares of Axsome Therapeutics were soaring Monday after the biopharmaceutical company announced some good news in an attempt to gain Food and Drug Administration approval of AXS-05, its drug for major depressive disorder. In a filing with the Securities and Exchange Commission, Axsome … Read more

Epizyme stock soars 60% as Ipsen set to acquire cancer drugmaker (OTCMKTS:IPSEY)

Maks_Lab/iStock via Getty Images France’s Ipsen (OTCPK:IPSEY) (OTCPK:IPSEF) is acquiring Cambridge, Mass.-based cancer drug maker Epizyme (NASDAQ:EPZM) for $247M plus contingent value right (CVR). Ipsen will begin an all-cash tender offer to acquire all outstanding shares of Epizyme (EPZM) for $1.45/share plus a CVR of $1 per share. Ipsen has taken the M&A route to … Read more

Smith & Wesson stock soars as Supreme Court ruling boosts ‘pretty big’ part of gun maker’s business

Shares of Smith & Wesson Brands Inc. rallied again Friday, as better-than-expected earnings and a dividend hike followed a decision by the Supreme Court of the United States to strike down a New York gun-control provision. The gun maker’s stock SWBI, +14.48% soared 14.5% to , after running up 9.6% on Thursday. The two-day climb … Read more

Zendesk Stock Soars on Report of Fresh Buyout Deal

Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris/Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $88.95 in premarket trading after … Read more

Ruble Soars to 7-Year High Prompting Debate Over Targeting Rate

(Bloomberg) — The ruble rose to the highest level since July 2015, extending a rally that’s worrying the Bank of Russia as it may undermine the nation’s export competitiveness and government finances. Most Read from Bloomberg The currency jumped as much as 1.7% to 55.44 per U.S. dollar, taking its advance this year to 35%, … Read more