{ }
Symbol CAPR
Name Capricor Therapeutics, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State CA
City Beverly Hills
Zipcode 90211
Website http://www.capricor.com
The S&P 500 rebounded with a 0.21% gain, while the Nasdaq rose 0.76%, despite the Dow experiencing its first four-day losing streak since June. Tapestry's $8.5 billion merger with Capri was blocked by a federal judge, causing Capri's shares to plummet 50%. Tesla's stock surged 22% after strong earnings, boosting Elon Musk's net worth by $26 billion. Microsoft CEO Satya Nadella's compensation increased 63% to $79.1 million, despite his request for a pay cut due to security concerns. Meanwhile, Burger King and Taco Bell are removing onions from some locations following an E. coli outbreak linked to McDonald's.
U.S. markets showed mixed results, with the S&P 500 and Nasdaq rising due to a 21.9% surge in Tesla shares after positive earnings and growth projections, while the Dow fell, impacted by Boeing and IBM. Tapestry's $8.5 billion acquisition of Capri was blocked, causing Tapestry's shares to jump 13.7% and Capri's to plummet 45.1%. Analysts suggest a potential 5% pullback for the S&P amid ongoing market uncertainties, though a post-election relief rally is anticipated.
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