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Insmed, Agios rise; DraftKings, Atlantica fall, Tuesday, 5/28/2024
By Ap News - May 28, 2024, 12:21 PM ET
Last Updated - May 28, 2024, 12:21 PM EDT
Stocks that are trading heavily or have substantial price changes on Tuesday: Insmed, Agios rise; DraftKings, Atlantica fall
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Tuesday:
United States Cellular Corp. (USM), up $1.33 to $44.31.
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T-Mobile is buying the telecommunications company's wireless operations and some spectrum assets in a deal valued at $4.4 billion.
Energy Transfer LP (ET), up 1 cent to $15.45.
The natural gas pipeline services company is buying WTG Midstream.
Insmed Inc. (INSM), up $24.94 to $46.94.
The biopharmaceutical company said a potential lung disease treatment met a key goal in a pivotal study.
Agios Pharmaceuticals Inc. (AGIO), up $6.69 to $38.19.
The biopharmaceutical company will sell rights to its 15% royalty on a potential brain cancer drug for $905 million.
Corcept Therapeutics Inc. (CORT), up $4.62 to $32.14.
The drug developer said is potential Cushing syndrome treatment met a key study goal and it expects to apply for U.S. approval in the third quarter.
DraftKings Inc. (DKNG), down $5.25 to $35.57.
The online sports betting company reportedly faces higher taxes in Illinois following a budget action in the state senate.
Atlantica Sustainable Infrastructure Plc. (AY), down $1.28 to $22.14.
Energy Capital Partners is buying the owner of electric power assets.
Freeport-McMoRan Inc. (FCX), up $2.16 to $53.70.
The copper miner gained ground along with prices for the base metal.
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