GE, General Motors, Verizon rise premarket; Goldman Sachs, Dow fall

Go back to GE, General Motors, Verizon rise premarket; Goldman Sachs, Dow fall

Major automakers unite to form new EV charging company in the US

July 26, 2023 11:30 AM EDT

A group of major automakers, including General Motors (NYSE: GM), Stellantis (NYSE: STLA), Hyundai and its Kia affiliate, Honda (NYSE: HMC), BMW and Mercedes Benz, announced Wednesday that they are forming a new company to provide electric vehicle charging in the United States.

The new charging company... More

Biogen (BIIB) tops earnings expectations, reveals workforce reduction

July 25, 2023 9:22 AM EDT

Biogen (NASDAQ: BIIB) shares are trading higher premarket after topping second-quarter earnings and revenue expectations. The company also revealed it will cut jobs in order to save costs.

BIIB reported Q2 EPS of $4.02, $0.24 better than the analyst estimate of $3.78, while revenue for the quarter came... More