Tag Archives: tech special report

Regeneron/Sanofi PCSK9 Cholesterol Drug Wins FDA OK

Praluent, the new cholesterol-busting drug from Regeneron Pharmaceuticals (REGN) and Sanofi (SNY), was granted FDA approval Friday, but for a slightly more limited patient pool than some had hoped. Regeneron stock closed down 2.7% to 541.85 on the stock market today, but that was little changed from when shares were halted at 542.01 for much of the afternoon. The FDA announced approval of Praluent for patients with a genetic predisposition to high

Amazon.com Stuns With Q2 Profit, Stock Surges

Amazon investors gobbled up shares like hungry piranhas late Thursday after the e-commerce giant reported a surprise profit and better-than-expected sales in the second quarter. Amazon (AMZN) also gave sales guidance for the current Q3 that was ahead of Wall Street’s target. Amazon stock jumped 17% to 564 in after-hours trading . During the regular session, Amazon fell 1.3% to 482.18. Shares hit a record 493.20 on Monday. Amazon

Apple’s iPhone Unit Sales Disappoint, Stock Tanks

Apple late Tuesday crowed about iPhone revenue in the June quarter, but remained silent about how many Apple Watches it sold. The Cupertino, Calif.-based tech titan beat Wall Street expectations in its fiscal third quarter ended June 27, but not by a lot. Apple (AAPL) also gave soft Q4 sales guidance and said its gross profit margin would dip sequentially. In Q3, Apple earned $1.85 a share, up 44.5% year over year and 4 cents