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Bristol Myers Gets FDA Expanded Approval of Breyanzi

Bristol Myers Squibb has received expanded FDA approval for its CAR T-cell therapy, Breyanzi, for treating relapsed or refractory marginal zone lymphoma in adults. This makes Breyanzi the only CAR T-cell therapy approved for five cancer types, including this specific lymphoma subtype. The therapy involves genetically engineering a patient's T cells to target cancer cells. Breyanzi generated $966 million in revenue in the first nine months of 2025.

marketscreener·
US
BMY
+1.94%
marketscreener·
US
BMY
+1.94%

Panagora Asset Management Inc. Sells 124,804 Shares of Verizon Communications Inc. $VZ

Panagora Asset Management Inc. reduced its stake in Verizon Communications Inc. by 74.1% in Q2, selling 124,804 shares. The remaining 43,603 shares are valued at $1,887,000. Other institutional investors have also adjusted their positions in Verizon. Analysts have issued mixed ratings, with a consensus "Hold" rating and a target price of $47.41. Verizon's Q3 earnings exceeded expectations, with a 1.5% revenue increase year-over-year. The company announced a quarterly dividend of $0.69 per share, yielding 6.7% annually.

Market Beat·
US
VZ
+1.45%
Market Beat·
US
VZ
+1.45%

PepsiCo Faces Activist Shockwave as Elliott's $4 Billion Push Nears a Deal

Elliott Investment Management is nearing a settlement with PepsiCo after acquiring a $4 billion stake, aiming to revitalize the company's stock performance. The activist investor suggests refranchising bottling operations and divesting underperforming assets. PepsiCo's shares have declined, and its growth has slowed, prompting Elliott's push for strategic changes. CEO Ramon Laguarta acknowledges the constructive dialogue with Elliott, emphasizing the company's undervaluation. This move follows Elliott's similar engagements with Honeywell and Starbucks, highlighting its strategy to influence major corporations.

GuruFocus·
US
PEP
-0.78%
GuruFocus·
US
PEP
-0.78%

Elliott, PepsiCo near settlement as activist pressure shapes strategy: report

Elliott Management is nearing a settlement with PepsiCo, aiming to boost share prices and revitalize its soda division. Elliott holds a $4 billion stake and suggests a strategic overhaul could increase PepsiCo's shares by 50%. Talks are constructive, but bottling network review remains unclear. PepsiCo is cutting costs, revamping brands, and appointing a new CFO amid slowing sales growth. Elliott's activism extends to other major companies, marking a pivotal moment for PepsiCo.

Invezz·
US
PEP
-0.78%
Invezz·
US
PEP
-0.78%

Trending | UPS Decreases 3% on Thursday, Some Put options Soar 677%

On December 4, Eastern Time, UPS options saw a total of 75741 contracts traded, with calls accounting for 73% and puts making up 26%.

LB Option·
US
UPS
-3.51%
LB Option·
US
UPS
-3.51%
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