In a recent announcement, the Food and Drug Administration granted approval for Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and older. This marks a significant milestone for Moderna, as it diversifies its product portfolio beyond its Covid jab, which has seen a decrease in demand. The decision to approve Moderna’s RSV
Revenue
The Municipal Bond market experienced a surge in issuance in May, surpassing $40 billion for the first time since 2016. The current volume of $43.957 billion in 866 issues represents a significant increase of 46.9% from the previous year. This surge in issuance can be attributed to several factors, including Federal Reserve policy uncertainty, pent-up
The Washington, D.C., City Council is proposing the elimination of the tax exemption on interest on out-of-state municipal bonds. This measure is intended to raise revenue, but it is facing opposition from Mayor Muriel Bowser. The mayor has made it clear that she does not support additional tax hikes beyond what was proposed in her
Baird recently initiated UnitedHealth as outperform, citing the health insurance company as a favorite idea at the firm. The firm views UnitedHealth Group as the most vertically and horizontally integrated Managed Care company, with a $597 price target indicating a potential 20% upside. Evercore ISI upgraded Okta to outperform from in line after the identity
The Metropolitan Washington Airports Authority is gearing up to bring $829.4 million of airport system revenue and refunding bonds to the market. This strategic move comes as part of their yearly plan to either take advantage of refunding opportunities or meet new money requirements. Senior Vice President for Finance and CFO, Andrew Rountree, highlighted that
Dick’s Sporting Goods has seen a surge in customer spending on new sneakers and athletic gear, resulting in a significant boost to its overall earnings. The retailer reported a 5.3% growth in comparable sales during its fiscal first quarter, surpassing analysts’ expectations by a wide margin. This growth was driven by increased transactions and higher
A recent tax measure proposed to provide funding for the San Francisco Bay Area Rapid Transit system faces strong local opposition that could derail its progress before it even reaches the ballot in 2026. Senate Bill 1031, introduced by Sen. Scott Wiener and Sen. Aisha Wahab, passed the California Senate by a vote of 26-10
American Airlines recently announced a significant reduction in its sales forecast, leading to concerns about the company’s financial health. The airline also made the decision to part ways with its chief commercial officer, Vasu Raja, who is set to depart from his position next month. This series of events has raised red flags among investors
Morgan Stanley’s recent updated forecasts suggest that Tuya, a U.S.-listed Chinese company that generates most of its revenue internationally, has the potential to see a significant increase in its stock price. Analysts have increased their price target for Tuya and expect the company’s shares to rise in the short term due to its recent financial
The idea of a nuclear renaissance has been circulating for years, with promises that have failed to materialize in the past. However, recent signals suggest that this time around, the hype may actually be legitimate, according to analysts at Morgan Stanley. The firm highlights Curtiss-Wright as a potential standout in the nuclear industry, with a