Anavex Life Sciences Corp. ( AVXL ) shares are tumbling on Wednesday after the company announced it has withdrawn its application for marketing authorization of blarcamesine in the EU for treating early Alzheimer’s disease. This decision follows feedback from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP), which indicated it would not issue a positive...

10:40 AM EDT, 03/25/2026 (MT Newswires) -- The US Supreme Court on Wednesday overturned an appeals court ruling upholding a lower court ruling that found Cox Communications liable for copyright infringement in a suit brought by Sony Group's ( SONY ) Sony Music Entertainment. Sony Music and other major copyright owners secured a billion-dollar verdict against Cox, which was originally...

10:42 AM EDT, 03/25/2026 (MT Newswires) -- (Update with Meta Platform's response to a request for comment from MT Newswires.) Meta Platforms ( META ) will lay off a few hundred workers across the company on Wednesday, The Information reported, citing two people familiar with the matter. The cuts will impact Meta's hardware platforms and wearables division -- Reality Labs...

10:40 AM EDT, 03/25/2026 (MT Newswires) -- Pinterest ( PINS ) faces more challenges scaling and diversifying its advertiser base across a wider range of advertisers, Morgan Stanley said. The company has overhauled its ad management leadership and is focusing more on its small and mid-market advertisers to improve the durability of ad revenue. Ad revenue growth is expected to...