(Reuters) – Biogen Inc’s shares surged as much as 32% on Wednesday after the drugmaker won a favorable U.S. patent ruling for its main multiple sclerosis drug Tecfidera in a battle with Mylan NV. FILE PHOTO: A sign marks a Biogen facility in Cambridge, …
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Cognizant Technology Solutions Corp. CTSH, +2.43% said profit fell in the fiscal fourth quarter as costs and expenses ticked higher. The New Jersey professional-services firm reported a quarterly profit of $395 million, or 72 cents a share, down from $648 …
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Grubhub Inc. reported a loss in its most recent quarter, evidence of the pressure on food-delivery companies vying for customers with discounts and expansion efforts. The Chicago-based company on Wednesday said sales rose to $341 million for the quarter …
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New York (CNN Business) Tesla’s Wall Street rally took a sharp U-turn Wednesday. The company’s shares fell as much as 20.6% Wednesday, paring back a meteoric rise that had driven the stock up 36% between Friday and Tuesday and pushed it to $968 at …
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Convenience store giant 7-Eleven has begun testing a cashierless, checkout-free store for at its corporate headquarters in Irving, Texas. 7-Eleven said Wednesday that the 700-square-foot store is only for employees, who first must download an app and sign …
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