Buried in a technical document released by the Centers for Medicare and Medicaid Services is a convoluted paragraph that may translate into big problems for Johnson & Johnson, Merck, and other drugmakers.
Stocks rallied for a second straight day on Tuesday, lifting the S&P 500 into positive territory for the year.
PORTLAND, Ore. AP) — Pixelworks Inc. PXLW) on Tuesday reported a loss of $7.8 million in its first quarter.
CARY, N.C. (AP) — Fathom Holdings Inc. FTHM) on Tuesday reported a loss of $5.6 million in its first quarter. On a per-share basis, the Cary, North Carolina-based company said it had a loss of 24 cents.
NEW YORK (AP) — Steel Partners Holdings LP (SPLP) on Tuesday reported net income of $29 million in its first quarter. On a per-share basis, the New York-based company said it had profit of $1.41. The diversified industrial company posted revenue of $499.2 million in the period.
NEEDHAM, Mass. AP) — Verastem Inc. VSTM) on Tuesday reported a loss of $52.1 million in its first quarter.
ATHENS, Greece (AP) — Danaos Corp. DAC) on Tuesday reported net income of $115.1 million in its first quarter. The Athens, Greece-based company said it had net income of $6.13 per share.
SAN JOSE, Calif. AP) — QuickLogic Corp. QUIK) on Tuesday reported a loss of $2.2 million in its first quarter.
HAIFA, Israel (AP) — Pluri Inc. PLUR) on Tuesday reported a loss of $6.1 million in its fiscal third quarter. The Haifa, Israel-based company said it had a loss of 94 cents per share.
Deal cuts tariffs and reopens key delivery pipeline for U.S. planemaker