argenx SE ( NASDAQ:ARGX – Free Report ) – Stock analysts at Wedbush reduced their FY2026 EPS estimates for shares of argenx in a research note issued on Wednesday, November 20th. Wedbush analyst D. Nierengarten now expects that the company will earn $21.65 per share for the year, down from their previous forecast of $22.14. Wedbush has a “Outperform” rating and a $560.00 price target on the stock. The consensus estimate for argenx’s current full-year earnings is $2.20 per share. Wedbush also issued estimates for argenx’s FY2027 earnings at $34.77 EPS. Several other equities analysts have also recently issued reports on ARGX. Deutsche Bank Aktiengesellschaft cut argenx from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Wolfe Research raised shares of argenx from a “peer perform” rating to an “outperform” rating and set a $697.00 target price on the stock in a research note on Tuesday, November 12th. HC Wainwright reissued a “buy” rating and set a $617.00 price target on shares of argenx in a research note on Wednesday. Baird R W cut shares of argenx from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $605.00 target price on shares of argenx in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $630.42. argenx Stock Performance NASDAQ ARGX opened at $605.92 on Friday. The stock has a market capitalization of $36.23 billion, a P/E ratio of -693.08 and a beta of 0.61. argenx has a 52 week low of $327.73 and a 52 week high of $611.22. The stock has a fifty day moving average of $556.37 and a 200-day moving average of $486.73. argenx ( NASDAQ:ARGX – Get Free Report ) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $1.29. argenx had a negative net margin of 2.11% and a negative return on equity of 1.45%. The business had revenue of $588.88 million during the quarter, compared to analyst estimates of $543.29 million. During the same quarter last year, the business posted ($1.25) earnings per share. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the stock. Fiera Capital Corp raised its holdings in shares of argenx by 2.2% during the second quarter. Fiera Capital Corp now owns 165,595 shares of the company’s stock worth $71,212,000 after acquiring an additional 3,506 shares during the period. Cetera Advisors LLC bought a new position in argenx during the 1st quarter worth about $419,000. Simplify Asset Management Inc. raised its stake in shares of argenx by 64.0% in the 3rd quarter. Simplify Asset Management Inc. now owns 2,419 shares of the company’s stock valued at $1,311,000 after purchasing an additional 944 shares during the period. Perpetual Ltd bought a new stake in shares of argenx in the third quarter valued at about $76,314,000. Finally, Varma Mutual Pension Insurance Co boosted its position in shares of argenx by 20.0% during the second quarter. Varma Mutual Pension Insurance Co now owns 6,000 shares of the company’s stock worth $2,580,000 after buying an additional 1,000 shares during the period. Institutional investors own 60.32% of the company’s stock. About argenx ( Get Free Report ) argenx SE, a biotechnology company, engages in the developing of various therapies for the treatment of autoimmune diseases in the United States, Japan, Europe, Middle East, Africa, and China. Its lead product candidate is efgartigimod for the treatment of patients with myasthenia gravis, immune thrombocytopenia, pemphigus vulgaris, generalized myasthenia gravis, chronic inflammatory demyelinating polyneuropathy, thyroid eye disease, bullous pemphigoid, myositis, primary sjögren’s syndrome, post-covid postural orthostatic tachycardia syndrome, membranous nephropathy, lupus nephropathy, anca-associated vasculitis, and antibody mediated rejection; ENHANZE SC; Empasiprubart for multifocal motor neuropath, delayed graft function, and dermatomyositis; and ARGX-119 for congenital myasthenic syndrome and amyotrophic lateral sclerosis. Read More Receive News & Ratings for argenx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for argenx and related companies with MarketBeat.com's FREE daily email newsletter .
In a lengthy speech at the Brookings Institution, a Washington, D.C. think tank, on Tuesday, President Joe Biden forcefully defended his economic legacy and harshly criticized his successor. “Most economists agree the new administration is going to inherit a fairly strong economy, at least at the moment, an economy going through fundamental transformation,” Biden said. “It is my profound hope that the new administration will preserve and build on this progress. Like most great economic developments, this one is neither red nor blue, and America's progress is everyone's progress.” RELATED STORY | What impacts will a Trump presidency have on the economy? The president pointed specifically to record job growth during his tenure and an historically-low unemployment rate, as well as solid GDP performance, major investments in infrastructure and a soaring stock market. Most economists agree Biden’s term in office has coincided with a strong jobs market, and note the economic forecast remains bright – especially when contrasted to that of other peer nations, many of which have struggled to rebound from the COVID-19 pandemic. And yet, Americans by and large disapprove of Biden’s economic tenure, particularly the high costs of goods and services. Though inflation has fallen some, it remains higher than when the president took office and has become a frequent point of attack for Republicans critical of the Biden administration. RELATED STORY | Wealthier Americans are driving retail spending and powering US economy President-elect Donald Trump’s victory last month served in some was as a repudiation of the president’s so-called “Bidenomics” policies, with most voters telling pollsters they were dissatisfied with the state of the U.S. economy and Biden’s handling of the issue. Since Trump’s election, attitudes towards the economy have improved slightly, particularly among Republicans; according to research from Gallup, just eight percent of Republicans in October viewed economic conditions as getting better, compared to 30% last month. Biden himself seemed to acknowledge some missteps in selling his economic vision to Americans. “I also learned something from Donald Trump,” Biden said. “He signed checks for people for $7,400 bucks,” the president noted of the pandemic-era relief measures. Even though Biden approved similar relief efforts during his term, his name never appeared on American’s checks. “I didn't – stupid,” Biden conceded. RELATED STORY | Powell says Fed will likely cut rates cautiously given persistent inflation pressures Seeking to bolster Biden’s economic legacy, the White House on Tuesday launched a new website hailing the “Biden Economy,” featuring statistics about economic performance during his term and complimentary videos from his supporters. Biden’s speach, meanwhile, also served as a warning of sorts to his successor, with the president arguing against tax cuts for the wealthy and the notion that such benefits would “trickle down” to middle class Americans. “You can make as much money as you can, good for you, but everybody's got to be they pay their fair share,” Biden said. Trump has pledged to extend the tax cuts he signed into law in 2017, telling NBC News he intends to submit a tax package to Congress within his first 100 days in office. “They’re coming due and they’re very substantial for people,” Trump said of his 2017 cuts. “That’s what led us to one of the greatest economies ever.” RELATED STORY | Amid corporate layoffs, 36% of workforce turns to gig economy for alternative employment A report by the nonpartisan Congressional Budget Office in December found that failing to extend those tax incentives would have a negligible impact on the economy, though Republicans are expected to pursue them and other business tax breaks after they retake both chambers of Congress next year. Trump has also promised to impose significant tariffs on the import of foreign goods from Mexico, Canada and China – despite economists’ and retailers’ warnings that will drive up consumer prices. Trump in the NBC interview said he couldn’t guarantee the move wouldn’t increase consumer costs, something Biden harshly refuted. “I believe we've proven that approach is a mistake over the past four years,” Biden said. “But we all know in time, we all know in time what will happen.”Nutanix Announces Proposed $750 Million Convertible Senior Notes Offering
ST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy steadied himself after a rugged start Saturday with a 4-under 66 and caught up with Vince Whaley in a wild third round at the RSM Classic in which a half-dozen players had at least a share of the lead. McNealy looked as though he might have the lead when he hit wedge on the final hole that rolled just by the cup and settled 8 feet away. He missed the putt, still in great position to go after his first PGA Tour victory. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.NEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the millennium . The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move “enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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Texas Land Commissioner Dawn Buckingham spoke to Fox News Digital about the offer to the president-elect. Incoming border czar Tom Homan says he is already making plans to use more than 1,400 acres of land being offered to the next Trump administration to stage its mass deportation operation . Fox News Digital first reported last month that Texas has offered the administration land in Starr County, which the state purchased from a ranch owner in October. The 1,402 acres are in the Rio Grande Valley sector near the border. Texas Land Commissioner Dawn Buckingham said her office was "fully prepared" to enter into an agreement with the Department of Homeland Security to "allow a facility to be built for the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history." In remarks on "Dr. Phil Primetime," Homan accepted the offer and said he was already making plans for the land. ‘100% ON BOARD:' BORDER STATE OFFERS TRUMP MASSIVE PLOT OF LAND TO AID MASS DEPORTATION OPERATION This image shows drone footage from a ranch in Starr County. (Texas General Land Office) "I’m writing the plan as we speak, I was working on it last night as a matter of fact," he said. He praised Texas Gov. Greg Abbott’s administration for his efforts to secure the border. The state has built its own border wall, including starting construction in the area in Starr County. Homan said migrants would be moving in and out of the area before they can be put on deportation flights. ‘SHUT IT DOWN’: RED STATE MAKES MASSIVE LAND BUY TO RAMP UP BORDER WALL EFFORTS AMID MIGRANT SURGE "This 1,400 acres of land, that saves us from acquiring the land. The government never buys things fast and when we do, we overpay for it, so having this from the state of Texas is great," he said,. In a statement to Fox News Digital on Tuesday, Buckingham said she was looking forward to taking the next steps with the land. Thomas Homan was announced as President-elect Trump's pick to oversee the incoming administration's deportation operations. (Reuters) "For far too long, Texans and Americans have suffered from Biden’s broken border policies. I am looking forward to working with the newly appointed Border Czar, Tom Homan, in ridding our communities of violent, illegal criminals who are hurting our sons and daughters and anticipate discussing the next steps on January 21, 2025," she said. "As Texas Land Commissioner, it has been my promise to all Texans to do everything in my purview to gain complete operational control of our southern border. It’s my hope that the leasing of this land will be able to aid the incoming Trump Administration in keeping our American families safe," she said. CLICK HERE FOR MORE COVERAGE OF THE BORDER SECURITY CRISIS The Texas General Land Office purchased the land in October to facilitate the construction of additional border wall , a project that the Biden administration stopped. The area, which was a ranch before Texas bought it, had seen drug smuggling and human trafficking, officials said. President-elect Trump made a mass deportation campaign a key plank of his 2024 campaign and quickly announced Homan as the man to lead the operation. CLICK HERE TO GET THE FOX NEWS APP While some states, including Texas, have been supportive of the operation, others have not. Officials in some states, including Arizona, Illinois and California, have all said they would not assist the federal government in their efforts to deport more illegal immigrants. Adam Shaw is a politics reporter for Fox News Digital, primarily covering immigration and border security. He can be reached at adam.shaw2@fox.com or on Twitter .S&P/TSX composite closes up nearly 150 points on Monday, U.S. stock markets up
Mexican Teenagers Arrested After Four Migrants Held Captive in Border City
Qatar tribune BucharestcTypeface:> Romanian President Klaus Iohannis on Monday said he has tasked incumbent Prime Minister Marcel Ciolacu with forming a new government, as Bucharest reels from a deep political crisis. Ciolacu - who has been prime minister since 2023 - is to lead a pro-European coalition of his Social Democrats (PSD), the centre-right National Liberal Party (PNL) and the UDMR/RMDSZ party representing the country’s Hungarian minority. Following parliamentary elections on December 1, eight ministers are to come from the PSD, with six from the PNL and two from the UDMR. The coalition partners also agreed to nominate PNL politician Crin Antonescu as their joint candidate for the next presidential elections, after the Romanian Constitutional Court earlier this month annulled the result of the first round of the presidential election. (DPA) Copy 24/12/2024 10