Neurocrine Gains on Release of Test Results

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) shares moved into positive territory Wednesday, on word that the first patient has been randomized for its Phase 2 clinical study to evaluate the efficacy, safety, and tolerability of investigational compound NBI-1070770 in adults with major depressive disorder. NBI-1070770 is a novel, selective, and orally active, negative allosteric modulator (NAM) of the NR2B subunit-containing N-methyl-D-aspartate (NMDA NR2B) receptor.Said Chief Medical Officer Eiry Roberts, “Based upon our Phase 1 first-in-human study, we are excited to bring this novel oral…

Tesla Selloff Accelerates On News Of Weak Deliveries

The selloff in Tesla’s (TSLA) stock is worsening after the electric-vehicle maker reported delivery figures for this year’s first quarter that fell far short of Wall Street expectations. Tesla said that it delivered 386,810 vehicles in Q1, down nearly 9% from 423,000 a year earlier.It marks the worst year-over-year decline in the company’s vehicle deliveries ever. Analysts who cover Tesla had expected 425,000 electric vehicle deliveries for the quarter. Even the most pessimistic forecast called for more than 400,000 vehicles to be delivered in Q1. Tesla said that it produced 433,371…

Stocks in Play: Trilogy Metals Inc.

Wednesday, April 3, 20249:41 AM EST – Trilogy Metals Inc. : Announces its financial results for the first quarter ended February 29, 2024. The company reported a net loss of $3.6 million compared to a net loss of $5.1 million for the three-month period ended February 28, 2023. Trilogy Metals Inc. (T.TMQ) shares were unchanged at 0.74.Stocks in Play: Trilogy Metals Inc. , Wed, 03 Apr 2024 09:42:06 EST

Mid-Week Alert: Tesla Weak Deliveries, Humana, and More

Throughout the first quarter, markets braced for more bad news from the electric vehicle giant, Tesla (TSLA). On April 2, the stock traded as low as $164 before ending at $166.63. Tesla delivered 386,810 vehicles in the first quarter. Supply exceeds weak demand, as the production of 433,371 units would add to the firm’s inventory. It blamed the volume decline partly on the production ramping up for its updated Model 3. Additionally, factories closed due to the arson attack at the Gigafactory in Berlin. The reasons do not explain the supply glut.For Q2, Tesla raised vehicle prices by $1,000…