Wall St falls on falling bank stocks, jobs signal jitters

Wall St falls on falling bank stocks, jobs signal jitters

Investors await Friday’s jobs report Bank stocks fall after SVB shares sale announcement General Electric rises after reiterating forecast Indices down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – All three major Wall Street stock indexes closed lower on Thursday, with banking stocks creating the biggest drag as investors also feared Friday’s jobs … Read more

Scientists have resurrected a ‘zombie’ virus frozen for 48,500 years in ice. They learned that it could still infect other cells.

Scientists have resurrected a ‘zombie’ virus frozen for 48,500 years in ice.  They learned that it could still infect other cells.

A man walks through a tunnel formed from permafrost crystals outside the village of Tomtor.Maxim Shemetov/REUTERS Scientists resurrected a 48,500-year-old ‘zombie’ virus in permafrost and found it was still infectious. The virus has been tested in amoebae but could indicate more dangerous viruses lurking in permafrost. Some scientists fear that the thawing of permafrost by … Read more

SVB Financial drops 60% as tech bank seeks to raise more cash

SVB Financial drops 60% as tech bank seeks to raise more cash

Trading in the stock was repeatedly halted due to volatility during the session. The company said in a letter from CEO Greg Becker on Wednesday that it had sold “substantially all” of its available-for-sale securities. The sale of securities will result in an after-tax loss of $1.8 billion, the SVB letter says. In this photo … Read more

Iger ‘Bullish’ on Disney Plus but ‘We Were Off’ on pricing strategy – Variety

Iger ‘Bullish’ on Disney Plus but ‘We Were Off’ on pricing strategy – Variety

JC Olivera/Getty Images CEO Reiterates Company Is Weighing Decision On Hulu In “Very, Very Tricky Environment” Bob Iger, just over three months ago as Disney CEO, spoke about the major organizational changes he’s made to the company – and his optimism about making streaming, especially Disney+, a profitable part of the empire. “I’m generally bullish … Read more

Ten years later, Lilly’s long-term Alzheimer’s trial of solanezumab has definitely failed – Endpoints News

Ten years later, Lilly’s long-term Alzheimer’s trial of solanezumab has definitely failed – Endpoints News

A trial of Eli Lilly’s Alzheimer’s disease drug solanezumab, which began in 2013, showed no benefit in patients, who were followed for a decade to try to determine whether the drug targeting the amyloid could slow down the disease. Lilly’s study recruited around 1,100 patients between the ages of 65 and 85 who had not … Read more

The attempt to subtype obesity

The attempt to subtype obesity

It’s part of a series about new obesity drugs that are transforming patients’ lives, dividing medical experts and spurring one of the biggest trade battles in years. Learn more about the obesity revolution. “Anne” sits in a small, wood-paneled consulting room at the Mayo Clinic in Rochester, Minnesota, about to embark on another weight loss … Read more