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Intercept has a research pipeline based on FXR, a regulator of bile acid pathways in the hepatic system. The effect on the stock is still felt, and ICPT remains at its week low point. In reaction, in December of , Intercept announced major changes in top-level management, as CEO and President Mark Pruzanski announced he's stepping down effective January 1 of this year.
Pruzanski's dedication to transform the liver space is still strong, and that he will continue to guide ICPT's progress as an advisor and Board member. By November, however, even though remdesivir had been approved, the World Health Organization WHO was recommending against its use, and the COVID vaccines now on the market have made remdesivir irrelevant to the pandemic.
The company has been working, in conjunction with Galapagos GLPG , on development of filgotinib as a treatment for rheumatoid arthritis. Looking at the consensus breakdown, opinions from other analysts are more spread out. After a two-day meeting, Saudi Arabia shocked oil markets with a voluntary 1-million-barrel-per-day output cut. Russia's deputy prime minister and energy minister, Alexander Novak, called the Saudi Arabia production cut "a great New Year present for the whole oil industry.
Alibaba's billionaire co-founder, Jack Ma, is not 'missing', CNBC reported Tuesday, after drawing the ire of the Chinese leadership for critical comments he made during a speech in October. Customers for the two major tax-preparation companies took to Twitter. Mnuchin said the direct-deposit distribution process started last Tuesday night and the IRS would start dropping checks in the mail one day later.
Dow Jones futures were little changed late Tuesday, as they eyed the Georgia Senate runoff vote. Apple snapped back, while JD surged past a new buy point. A Democrat victory in both Georgia runoff elections could have huge implications for tax and spending policy, the shape of the coronavirus recovery and the stock market outlook.
JPMorgan researchers point to outflows from gold-pegged exchange traded funds, or ETFs, and inflows into a digital-currency focused trusts sponsored by Grayscale, for example, as part of the evidence pointing to increased use of bitcoin as a gold-like asset, which would help to drive its price further into the stratosphere. Here's everything you need to know about Social Security raises, cost for Medicare premiums and retirement plan limits for Dow 30 30, Nasdaq 12, Russell 1, Crude Oil Gold 1, Silver With the Cooperative Entertainment lawsuit out of the way, Ripple still faces a much-publicized lawsuit on whether the company is illegally selling XRP as an unregistered security.
In , Ripple settled a separate lawsuit with the enterprise blockchain technology firm R3, which sued the San Francisco startup for allegedly violating a purchasing agreement. The two companies battled it out in court for about a year before reaching a settlement in September of Check your inbox for confirmation email.
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