Amgen’s shares down after obesity drug fails to meet expectations
MarTide, the new weight loss drug from Amgen, works. Not just well enough for Wall Street. Shares of the Thousand Oaks-based biotech giant fell 10% on Nov. 26 after it announced that MarTide’s latest trial produced a body weight reduction of up to 20%. The results disappointed Wall Street, which had expected results of up Read More →
The Trade Desk announces new OS system
One of the largest publicly traded advertising technology companies is breaking into a new space as The Trade Desk announced its plans to release a new streaming TV operating system in 2025. Aptly named after the company’s headquarters location, The Trade Desk announced Ventura on Nov. 20 and said it will partner with smart TV original equipment Read More →
Strong quarter from Inogen helps stock climb double digits
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Former Inogen founder Brenton Taylor leaves Next Energy
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Updated: Oracle sues Procore over payments trade secrets
Software giant Oracle is suing Procore Technologies, alleging that the Carpinteria-based software firm used thousands of stolen trade secrets to enrich its business. Procore, a leading construction industry software company and Oracle rival, denied the allegations in an Oct. 31 statement. “We believe the claims are meritless and we intend to vigorously defend ourselves,” Procore said in its statement. Procore’s shares have largely been unaffected by the filing; Read More →
The Trade Desk shares gain back 12% loss in week after earnings
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MannKind keeps hitting higher revenues
Westlake Village-based MannKind saw rising revenue and gave a positive update to its orphan lung pipeline when it announced its earnings for the third quarter of 2024. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, announced that revenue for the quarter ended Sept. 30 hit $70.1 million, up from $51.2 Read More →
