02:31 PM EDT, 04/30/2024 (MT Newswires) -- Medifast ( MED ) shares were more than 18% in recent trading on Tuesday, a day after the company's Q1 adjusted earnings miss consensus. The company reported Q1 adjusted earnings Monday of $0.66 per diluted share, down from $3.67 a year earlier. Analysts polled by Capital IQ expected $0.80 per share. Revenue for...

02:42 PM EDT, 04/30/2024 (MT Newswires) -- Cannabis stocks were up in trading Tuesday after the Associated Press reported that the US Drug Enforcement Administration planned to reclassify marijuana as a drug that posed lesser harm than other substances. The DEA's plan to bump marijuana down to the Schedule III category from its current Schedule I status would require approval...

02:38 PM EDT, 04/30/2024 (MT Newswires) -- Meta Platforms ( META ) won a victory Tuesday in the Delaware Court of Chancery when Vice Chancellor J. Travis Laster dismissed a complaint from a shareholder activist that claimed that the company's pursuit of profits jeopardized public safety, social well-being, and its stockholders' diversified portfolios. The complaint failed to make a compelling...

02:37 PM EDT, 04/30/2024 (MT Newswires) -- Cyclacel Pharmaceuticals ( CYCC ) shares surged more than 47% after the company unveiled Tuesday a private placement of about 5 million shares and warrants, targeting gross proceeds of about $8 million. More than 19.9 million shares traded intraday compared with a daily average of about 109,000. GeneDx ( WGS ) reported late...