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Analysts re-rated Fastly Inc FSLY after its Analyst Day in New York. Credit Suisse analyst Rich Hilliker maintains Fastly with a Neutral, raising the price target from $14 to $16. The analyst believes CEO Nightingale and his leadership team have sowed seeds for meaningful change in both the near and long term; he is eager to see these efforts […]

The U.S. Securities and Exchange Commission (SEC) consented to defer the collection of a $30 million fine from the insolvent crypto lending platform BlockFi until such time as the investors have been reimbursed. What Happened: Initially, BlockFi was under obligation to pay a $50 million penalty to the SEC to resolve allegations of not having

GSK plc GSK has reached a confidential settlement with James Goetz, and the case he filed in California state court, set to begin trial on July 24, 2023, will be dismissed.  The U.S. citizen alleged the company’s discontinued heartburn drug Zantac caused cancer. Zantac approved in 1983, achieved significant sales but faced sales halts due to concerns about its

Tesla, Inc.’s TSLA Cybertruck is inching closer to the launch date and every new piece of information on the much-awaited vehicle stirs excitement among the Tesla community. What Happened: A recent international patent application, shared by Twitter user @tempermanant, unveiled an intriguing feature: the Cybertruck’s power tailgate mechanism. A tailgate is a door at the back of a truck or

In a heartwarming turn of events, a newborn left in a Safe Haven Baby Box at an Ocala, Florida, fire station was adopted by the firefighter who found her, NBC News reports. A Midnight Surprise The firefighter, who wishes to remain anonymous, was awakened by an alarm during his overnight shift in January. He discovered

By Lisa Om, VP of product marketing at USDM Life Sciences The pandemic hit life science companies hard, and just as they started to stabilize, a new wave of macroeconomic challenges is crushing the industry. Threats of a looming recession make funding hard to come by, and along with high inflation and increasing energy costs are

Former U.S. Representative Will Hurd, a moderate Republican and critic of Donald Trump, has announced his candidacy for the party’s 2024 presidential nomination, adding to the growing list of contenders. What Happened: Hurd, 45, posted about his candidacy in a video and a Twitter post, emphasizing unity, the economy, and equal opportunity for all Americans.

Someone with a lot of money to spend has taken a bearish stance on Sea SE. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don’t know.

The Democratic Party’s attempt to make South Carolina’s primary the first in the nation could lead to President Biden suffering an embarrassing 2024 campaign setback — in the form of Robert F. Kennedy, Jr. reeling off back-to-back wins in Iowa and New Hampshire, Axios reports.  In February, the Democratic National Committee announced that, after decades of

BORIS SHIMANOVSKY, EVP & Chief Technology Officer at ZipRecruiter ZIP, reported a large insider sell on June 21, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that SHIMANOVSKY sold 11,944 shares of ZipRecruiter. The total transaction amounted to $191,284. ZipRecruiter shares