Tag Archives: bad-request

Halozyme Stock Reverses Despite AbbVie-Fueled Earnings

Biotech Halozyme Therapeutics (HALO) jumped as much as 18% Tuesday morning, nearly touching an all-time high, a day after the company beat Q2 estimates and provided an update on its pipeline. But shares reversed to close lower. Late Monday, Halozyme reported revenue of $43.4 million, up 136% from the year-earlier quarter and $18 million more than analysts expected. More than half the revenue came from a $23 million milestone payment from AbbVie

Ad Blocking Surges, Threatens Ad-Supported Web

The use of ad-blocking software is exploding and is projected to cost websites nearly $22 billion in lost advertising revenue worldwide this year, according to a new study. The biggest facilitator of ad-blocking software is Google ‘s (GOOGL) Chrome browser, according to a study released Monday by PageFair and Adobe Systems (ADBE). About 198 million Internet users worldwide in the second quarter used ad-blocking software, PageFair reported. That’s

Alibaba, Apple Fall As Yuan Seen Hitting Earnings

Alibaba (BABA), JD.com (JD) and other Chinese stocks, along with Apple (AAPL) and other U.S. firms that do a lot of business in China, took hits Tuesday on the yuan’s devaluation against the dollar. The People’s Bank of China let the yuan depreciate nearly 2% vs. the dollar, and investors are worried that the devaluation will boost dollar-denominated debt for Chinese firms and hit dollar-based earnings. The move also raised concerns that the