General News

(Reuters) - Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, ramping up its efforts for a board shakeup at the COVID-19 vaccine maker.

Shah Capital, which currently owns a near 7.5% stake in Novavax and is its third-largest shareholder, reiterated that the company was "undervalued and continues to suffer from poor profitability".

Investing.com -- Here are some of the biggest U.S. stock movers in premarket trading on Monday, May 6. Please check back later for updates.

Apple (NASDAQ: AAPL) shares dipped slightly, retreating from gains in the prior two sessions, after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) slashed its stake in the iPhone maker.

Paramount Global's non-voting Class B (NASDAQ: PARA) shares rose as the entertainment group weighed a takeover deal from Apollo Global Management... (continue reading...)

The US economy continues to send mixed signals, leading to recent swings in both stock and bond markets.

In a recent note, Morgan Stanley strategists indicated that the market is expected to fluctuate between pricing in "soft landing" and "no landing" scenarios in the current late-cycle environment.

They believe that the continuation of mixed macroeconomic data will drive this back-and-forth, with last week's market activity serving as a clear reflection of this... (continue reading...)

Baird analysts have revisited their research coverage of the semiconductor industry on Monday amid recent developments. The most notable move includes the rating upgrade for Micron (NASDAQ: MU) stock from Neutral to Outperform.

Baird is saying it sees a strong upside opportunity for the largest memory chipmaker in the US, especially after the recent pullback.

“While catching the train a bit late, we see meaningful upside opportunities ahead for Micron notably given... (continue reading...)

By Rajesh Kumar Singh

CHICAGO (Reuters) - Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft deliveries from Boeing.

The Dallas-based airline, which operates an all-Boeing fleet, has been reeling from the U.S. planemaker's ongoing safety crisis. Last week it warned of a hit to... (continue reading...)