The New York Stock Exchange set a so-called reference price of $7.25 a share for data-mining-software company Palantir Technologies’ direct listing Wednesday. In a statement, the exchange said the reference price is not the opening price, but rather a guide for investors. Asana , a work collaboration software company which is also going public via

Elanco Animal Health Inc. said Wednesday it is restructuring its business just two months after closing the acquisition of Bayer Animal Health. The Greenfield, Indiana-based company said it expects to cut 900 jobs across nearly 40 countries, mostly in sales and marketing, but also in R&D, manufacturing and quality, and back office support. The company

The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 33.6 million on Wednesday, according to data aggregated by Johns Hopkins University, while the death toll rose to 1.008 million. The U.S. has the highest case tally at 7.2 million, and highest death toll at 205,998. In the first of three

Oasis Petroleum Inc. shares slid 26% in premarket trade Wednesday, after the company said it is filing for Chapter 11 bankruptcy with a prepackaged plan with creditors, aiming to reduce its debt by $1.8 billion. The company is the latest energy company to collapse beneath the weight of a weak oil price and constrained demand

Pulmonx, a maker of treatments for lung diseases including emphysema, upsized its planned initial public offering on Wednesday and raised the proposed price range, saying in a regulatory filing it will now offer 10 million shares priced at $17 to $18 each. The company has previously said it would offer 6.7 million shares priced at

Dow Inc. said Wednesday it expects to book restructuring charges of $500 million to $600 million in the third quarter, as the materials science company, which makes plastics and paints among other products, pushes ahead with a cost cutting program during the pandemic. The company said the charges will consist of severance and related benefit

Boqii Holding Ltd. , a Chinese pet products online platform, priced its initial public offering at $10 per American Depositary Share on Wednesday, selling 7 million ADS to raise $70 million. The stock will start trading on the New York Stock Exchange later Wednesday, under the ticker “BQ.” Roth Capital Partners, CMB International Capital Limited

Moderna rose 4% in early premarket trade as it said late Tuesday that early-stage data suggests its COVID-19 vaccine can generate neutralizing antibodies in older and elderly adults at levels comparable to those in younger adults. The study was published in The New England Journal of Medicine. Moderna’s stock has surged 251% this year. Market

Apple said in a Securities and Exchange Commission filing that it will give its chief executive, Tim Cook, stock currently valued at $114 million. The biggest portion of the restricted stock is eligible for distribution on Oct. 1, 2023, and is based on Apple shareholder performance between fiscal 2021 and fiscal 2023. Cook also is

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 831,000 barrels for the week ended Sept. 25, according to sources. The API data also reportedly showed gasoline stockpiles climbed by 1.6 million barrels, while distillate inventories fell by 3.4 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, added