The Boeing Company ( BA ) shares are trading higher on Tuesday. The company priced its public offerings at 112.5 million shares of common stock at $143.00 each and $5 billion in depositary shares. This represents a 1/20th interest in the new 6.00% Series A Mandatory Convertible Preferred Stock at $50.00 per share. Earlier, the company planned to offer 90...

01:10 PM EDT, 10/29/2024 (MT Newswires) -- Zai Lab ( ZLAB ) said Tuesday that a phase 3 trial evaluating the safety and efficacy of KarXT in patients with schizophrenia in China met its primary endpoint as it demonstrated a statistically significant reduction in Positive and Negative Syndrome Scale total score compared with placebo at week 5. The trial, which...

01:10 PM EDT, 10/29/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is working with Broadcom ( AVGO ) and TSMC (TSM) to build a chip designed to support artificial intelligence systems, Reuters reported Tuesday, citing sources. The company behind ChatGPT had planned to build its own foundries to manufacture chips but has foregone those plans due to the...

01:12 PM EDT, 10/29/2024 (MT Newswires) -- Tevogen Bio Holdings ( TVGN ) said Tuesday it has signed a letter of intent with CD8 Technology Services to build up to a $50 million facility for research and development and manufacturing. Tevogen said the project will not impact shareholder equity. The company's shares were down 7.9% in recent trading. Price: 2.53,...