Tag: business news

Analysts name 4 alternatives to Alibaba in China’s tech sector

China’s stocks bounced back in recent months on the back of the country’s reopening — and that’s gotten investors excited about tech. No Chinese tech stock has generated as much excitement as Alibaba, one of the most recognizable names in the Chinese internet sector. The stock is a hot favorite among Wall Street analysts, with …

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Morgan Stanley sees this gene therapy stock doubling from here

Rocket Pharmaceuticals could soar as a trial with blockbuster sales potential enters a pivotal phase, according to Morgan Stanley. Analyst Michael Ulz initiated the stock at overweight with a $45 price target. That target share price implies the stock will rally 107.1% from Tuesday’s close. Ulz called Rocket a “leading gene therapy company” that can …

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CDC urges immunocompromised to take precautions after Evusheld pulled

The Centers for Disease Control and Prevention on Friday urged people with weak immune systems to take extra precautions to avoid Covid after the dominant omicron subvariants knocked out a key antibody treatment. These precautions include wearing a high-quality mask and social distancing when it’s not possible to avoid crowded indoor spaces, according to the …

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Cathie Wood says she’s as bullish on Tesla as she’s ever been, sees stock up fivefold in 5 years

Ark Invest’s Cathie Wood said her conviction in Tesla remains strong as ever as she kept buying the dip in the electric vehicle company. “Just from electric vehicles there could be… it is almost a fivefold increase in this stock during the next five years,” Wood said during an investor webinar on Thursday. “And if …

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Forget tech. Investment pro names the stocks that will ‘hold up best’

After a rough 2022, some investors are flocking back to tech. The Nasdaq Composite has been the best-performing Wall Street index this far, having gained nearly 7% since the start of the year. But investment veteran Michael Landsberg is staying on the sidelines for now. “I think tech is dead for a while and you …

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Patients would pay up to $26,500 per year for Leqembi

Few seniors with early Alzheimer’s disease will have access to the new treatment Leqembi due to its high cost and very limited coverage by Medicare. The Food and Drug Administration on Friday granted accelerated approval to Biogen and Eisai’s monoclonal antibody after the treatment appeared to modestly slow the progression of Alzheimer’s disease in clinical …

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Tesla TSLA Q4 2022 vehicle delivery and production numbers

Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Here are the key numbers. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 million Deliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon …

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