Seagen (SGEN) shares surge double digits on reports Pfiz⛎er is in talks to buy the biotech company, durable goods sales decline more than expect🗹ed, and Amazon expands same-day delivery. Here’s what investors need to know today.
1. Seagen Shares Jump on $30 Billion Deal Talks
Seagen () shares jumped over 15% in pre-market trading following reports that Pfizer is in talks to acquire the biotech company in a deal valued at about $30 billion. The deal would help Pfizer add a promising c൲lass of targeted cancer therapie𓂃s.
2. Durable Goods Sales Drop More Than Expected
The Census Bureau new orders for manufactured declined more than expected by 4.5% to $272.3 billion, compared to projections of a 3% drop.
3. Twitter Lays Off 10% of Workers
Twitter cut another 10% of its workforce.&𓂃nbsp;The social media company has been slashing co♚sts following ’s acquisition of Twitter late last year.
4. Amazon Expands Same-Day Delivery
is expanding its same-day delivery business with fees.&nbs𓃲p;Amazon has b🐎een seeking to deliver packages in less than a day as shoppers have more fast delivery options than ever.
5. Ford Extends Production Delays
Ford halted production of its F-150 lightening EV for another week after a battery fire earlier this month. The move came after the NHTSA said it is holding talks with Ford over the issue.