Guggenheim starts Abivax stock with Buy, cites promising ulcerative colitis drug By Investing.com

On Monday, Guggenheim initiated coverage on Abivax (NASDAQ:ABVX) stock, assigning a Buy rating with a price target of $50.00. The coverage is based on the promising outlook for the company’s lead drug candidate, obefazimod, which is in late-stage development for the treatment of ulcerative colitis (UC). Obefazimod, an oral small molecule, stands out in the … Read more

‘Challengers’ leads box-office sales with $15M opening weekend (NASDAQ:AMZN)

skynesher Tennis drama “Challengers” was the top box-office draw in its opening weekend with $15 million in ticket sales, according to studio estimates released on Sunday. Amazon Studios and MGM distributed the film, which stars Zendaya, in 3,477 locations in the United States and Canada. Women made up 58% of ticket buyers, while 41% were … Read more

Protests greet Biden at annual White House correspondents’ dinner By Reuters

By Jarrett Renshaw WASHINGTON (Reuters) -U.S. President Joe Biden will give an election-year roast on Saturday night at the annual White House Correspondents’ Association dinner against the backdrop of protests against his support for Israel’s war against Hamas. Demonstrators holding banners chanted about journalist deaths in Gaza outside the Washington Hilton, the site of the … Read more

Republic First Bank seized by Pennsylvania regulators; sold to Fulton Bank

LilliDay/E+ via Getty Images The Pennsylvania Department of Banking and Securities on Friday shut down Republic First Bank (OTC: FRBK), d/b/a Republic Bank. Although the Philadelphia-based lender had been seeking a buyer and the FDIC was involved in talks with some potential buyers, those discussions fell apart. The failure is the first for a bank … Read more