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Global stocks mostly fall ahead of ECB, US inflation dataShares of Galapagos NV ( NASDAQ:GLPG – Get Free Report ) have received an average recommendation of “Reduce” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.75. A number of research firms have weighed in on GLPG. Royal Bank of Canada decreased their price objective on shares of Galapagos from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Kepler Capital Markets lowered Galapagos from a “hold” rating to a “reduce” rating in a research note on Wednesday. Leerink Partnrs raised Galapagos to a “hold” rating in a research report on Monday, September 9th. Raymond James downgraded shares of Galapagos from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Finally, Leerink Partners assumed coverage on shares of Galapagos in a report on Monday, September 9th. They issued a “market perform” rating and a $24.00 price target on the stock. View Our Latest Stock Report on GLPG Galapagos Price Performance Hedge Funds Weigh In On Galapagos Several large investors have recently added to or reduced their stakes in GLPG. Stonepine Capital Management LLC raised its holdings in shares of Galapagos by 23.2% during the second quarter. Stonepine Capital Management LLC now owns 485,000 shares of the biotechnology company’s stock worth $12,018,000 after purchasing an additional 91,366 shares during the period. DME Capital Management LP grew its position in shares of Galapagos by 46.9% during the 2nd quarter. DME Capital Management LP now owns 234,828 shares of the biotechnology company’s stock valued at $5,819,000 after buying an additional 75,000 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Galapagos during the third quarter worth about $1,077,000. Creative Planning bought a new position in Galapagos in the second quarter worth about $456,000. Finally, Millennium Management LLC boosted its stake in Galapagos by 5.3% in the second quarter. Millennium Management LLC now owns 341,639 shares of the biotechnology company’s stock valued at $8,466,000 after acquiring an additional 17,089 shares during the period. 32.46% of the stock is currently owned by institutional investors. Galapagos Company Profile ( Get Free Report Galapagos NV, a biotechnology company, develops medicines focusing on oncology and immunology primarily in the United States and Europe. The company's pipeline products comprise GLPG3667 that has completed phase 1b trial; GLPG5101, a CD19 CAR-T product candidate manufactured at point-of-care, currently in Phase1/2 trial in relapsed/refractory non-hodgkin lymphoma; GLPG5201, a CD19 CAR-T product candidates manufactured at point-of-care, currently in phase 1/2 trial in replapsed/refractory chronic lymphocytic leukemia; and GLPG5301, a BCMA CAR-T product candidate manufactured at point-of-care, currently in phase 1/2 in relapsed/refractory multiple myeloma. Recommended Stories Receive News & Ratings for Galapagos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galapagos and related companies with MarketBeat.com's FREE daily email newsletter .
CHS boys basketball cruises in opener, beating Tempe at homeOil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission has been aggressive in its oversight of cryptocurrencies and other regulatory issues. President-elect Donald Trump had promised during his campaign that he would remove Gensler, who has led the U.S. government’s crackdown on the crypto industry and repeatedly called for more oversight. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated. Bitcoin has jumped 40% since Trump’s victory. US intelligence warns defense companies of Russian sabotage threat WASHINGTON (AP) — U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia. The National Counterintelligence and Security Center issued a public bulletin Thursday advising companies that work in the defense industry that Russia may seek to carry out acts of sabotage as part of its effort to undercut Ukraine's allies and their ability to support Ukraine in its defense against Russia. Western authorities say they believe Russian intelligence is behind several recent acts of sabotage targeting European defense companies. Russia has denied the allegations. Elon Musk's budget crusade could cause a constitutional clash in Trump's second term WASHINGTON (AP) — Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations. It's possible that their efforts will lead to a constitutional clash. This week, Musk and Ramaswamy said they would encourage the Republican president-elect to refuse to spend money allocated by Congress, which would conflict with a 1974 law that's intended to prevent presidents from blocking funds. If Trump takes such a step, it would quickly become one of the most closely watched legal battles of his second administration. Musk and Ramaswamy also aim to dramatically reduce the size of the federal workforce. Bitcoin is at the doorstep of $100,000 as post-election rally rolls on NEW YORK (AP) — Bitcoin is jumping again, rising above $98,000 for the first time Thursday. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Cutting in line? American Airlines' new boarding tech might stop you at now over 100 airports NEW YORK (AP) — Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you. In an apparent effort to reduce the headaches caused airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, this technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations. Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000 NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up by less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields inched higher in the bond market. What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News? Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year. Comcast is cutting loose several of its cable companies into a separate company in order to improve its bottom line. It leaves several questions, particularly for MSNBC. Will the news network geared to liberal viewers continue to use NBC News personnel? Will it have to leave its offices and studios at the NBC News headquarters in New York's Rockefeller Center? Will they even keep the same names?
Germany has intensified efforts to bolster its civil defense, with metro stations being considered as air raid shelters amid rising tensions with Russia. Public buildings were designated for bunker conversion by the Federal Office for Civil Protection. According to the Bild newspaper, authorities intend to release an app that directs locals to these shelters. Fears sparked by Russia's invasion of Ukraine led to the proposal. Security worries have been heightened by Moscow's hybrid war strategies and threats against countries supporting Kyiv, according to German authorities. Scaling Back Reversed After War Escalations In the past, Germany reduced the number of public bunkers. Such safeguards were judged unneeded by officials in 2007. Recent changes in geopolitics, however, forced a reevaluation. There are just 579 public shelters left, according to the Federal Office for Civil Protection. In a nation with 84.4 million inhabitants, these could only hold 500,000. Rebuilding a bunker network may take a decade, said office chief Ralph Tiesler. As a result, the emphasis is now on speedier fixes. Additionally, home shelters are being promoted, particularly in basements. Poland and UK Shelter Capacities Highlighted The lack of shelter in Germany stands in sharp contrast to Poland's surrounding efforts. According to a report referenced by Notes From Poland, Poland's official bomb shelters could accommodate 300,000 people. Since then, authorities there have found interim solutions, like as tunnels and metro stations, that are adequate to safeguard the whole populace. Subterranea Britannica, a research society, identified 276 nuclear-protection bunkers throughout the United Kingdom. These figures highlight the differences in readiness throughout Europe. Civil Defense Becomes a Priority Across Europe As Vladimir Putin's administration continues to threaten, civil defense measures are being reinstated. Additionally, German authorities are reacting to the public's mounting anxiety over possible assaults. A pressing need to adjust to changing risks is reflected in proactive planning, which includes the creation of technology and public awareness initiatives. Even if the policy might not be completely implemented for decades, Germany is now concentrating on short-term adjustments. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Europe, World and around the world.UN nuclear watchdog board passes resolution chiding Iran
UN nuclear watchdog board passes resolution chiding Iran