Price: $340.42, Change: $+2.81, Percent Change: +0.83%
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Market Chatter: BioNTech Says Germany's Health Reforms Could Impact Investment Plans
BioNTech (BNTX) cautioned that proposed healthcare reforms in Germany, due for a vote this summer, could put future investments in the country at risk, Bloomberg reported Wednesday, citing Chief Commercial Officer Annemarie Hanekamp.Hanekamp said future investments in Germany will depend on whether policymakers can establish a stable and predictable framework for pharmaceutical companies, according to the report.The proposals, which aim to lower drug prices to curb healthcare costs, could also have implications for the US, the report added.BioNTech did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $88.31, Change: $-0.83, Percent Change: -0.93%
$BNTX
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Top Midday Gainers
Sadot Group (SDOT) completed the acquisition of Anira Consulting, a United Arab Emirates-based commodity trading and consulting company, for $12 million.Sadot's stock rose 88% as intraday volume topped 48.4 million shares, versus the daily average of 539,567.Xos (XOS) said Tuesday it launched its 2.5 megawatt-hour Power Hub series of integrated energy storage and hybrid power systems.The stock almost tripled as volume topped 76 million shares, versus the daily average of 484,076.Laser Photonics (LASE) shares rose 28%, a day after the company said its Laser Shield Anti-Drone system was selected by the US Department of Defense.Volume topped 200.3 million shares, versus the daily average of 6.1 million.Price: $6.15, Change: $+2.87, Percent Change: +87.50%
$LASE$SDOT$XOS
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CMS Energy Appoints Sri Maddipati as CFO
CMS Energy (CMS) said Wednesday that it has appointed Sri Maddipati as executive vice president and chief financial officer of the company and its primary business Consumers Energy, effective today.Maddipati is currently Consumers Energy's senior vice president and president of electric supply, according to a statement.Rejji Hayes is retiring as executive vice president and chief financial officer, CMS Energy said.Additionally, Chris Fultz, vice president of low voltage distribution at Consumers Energy, will become the new senior vice president and president of electric supply, CMS Energy added.Price: $71.42, Change: $-0.43, Percent Change: -0.61%
$CMS