11:27 AM EDT, 07/16/2024 (MT Newswires) -- Biogen (BIIB) needs to acquire additional revenue-generating assets for the turnaround to complete, Wedbush said in a Tuesday note to clients. The company has indicated capacity for $8 billion to $10 billion additional transactions over the next two years, according to the note. Potential acquisitions were narrowed down to Pharvaris (PHVS), Viridian Therapeutics...

11:30 AM EDT, 07/16/2024 (MT Newswires) -- 3M ( MMM ) said Tuesday it has invested in Ohmium International, which develops electrolyzer systems used in green hydrogen production. The industrial giant said the deal is part of its commitment to developing technologies for a low-carbon economy and decarbonizing its operations further. Financial terms of the investment were not disclosed. Price:...

(Reuters) - Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal auto insurance policies, sending its shares up 3.5% in premarket trading. Rising wages and a strong labor market encouraged customers to revive their spending on auto insurance, one of Progressive's core businesses. The company has also...

11:22 AM EDT, 07/16/2024 (MT Newswires) -- National Bank has trimmed its one year target on AirBoss of America ( ABSSF ) to $5.75, from $6.25, but kept its Sector Perform rating. Analyst Ahmed Abdullah has tempered estimates as macro factors continue to drive softness across some customer segments for both AirBoss Rubber Solutions (ARS) and AirBoss Manufactured Products (AMP)....