Nektar Therapeutics (NKTR) saw its stock surge 86% Tuesday morning after reporting strong midstage trial results for its experimental eczema treatment, rezpegaldesleukin. Shares opened at a seven-month high, after initially showing a triple-digit gain in premarket...
IRS Says Churches Can Endorse Political Candidates
In a landmark shift, the Internal Revenue Service (IRS) has stated in a new federal court filing that churches may now endorse political candidates to their congregations without risking their tax-exempt status — a dramatic reinterpretation of the Johnson Amendment...
SoFi (SOFI) Stock Rises 7%
Shares of SoFi Technologies (NASDAQ: SOFI) surged 7% in early trading Tuesday following the announcement of a strategic partnership with Cashmere, a next-generation venture capital firm focused on making startup investing more accessible. Cashmere revealed that its...
Jeff Bezos Offloads $737M in Amazon Stock
Jeff Bezos recently sold 3.3 million shares of Amazon (AMZN), a transaction worth approximately $737 million as of June 30. The sale is part of an ongoing pattern in which the Amazon founder has steadily reduced his stake in the company he created. Bezos now owns...