Chimerix Inc. scrapped testing of its experimental antiviral in Ebola patients in Liberia, saying the number of infections had dropped in recent weeks, and that only a handful of patients had been enrolled in the Liberian study.
AT&T topped all bidders in the government’s record setting auction of wireless licenses, but it is Dish Network that may have pulled off the biggest coup, collecting more licenses than any other rival.
Chevron posted its lowest quarterly profit in five years and said it would trim its ambitious spending plans and halt share buybacks as the collapse in oil prices erased billions of dollars in cash flow.
Shares of fast-casual chain Shake Shack, rocketed up 119% on their first day of trading from their initial public offering price of $21 each, ending at $45.90 and giving the operator of 63 restaurants a valuation topping $1.6 billion.
Russia’s central bank surprised financial markets with a two percentage point cut in its key interest rate, sending the ruble lower even as the bank said the currency was showing signs of stabilization.