Company News for July 9, 2024

In this article:
  • Morphic Holding, Inc. (MORF) shares surged 75.1% on news that Eli Lilly and Company (LLY) will acquire the biopharmaceutical company in a $3.2 billion deal.

  • IDEAYA Biosciences, Inc. (IDYA) shares gained 15.3% after the precision medicine oncology company announced positive results from the phase 2 trial of its cancer treatment.

  • Etsy, Inc. (ETSY) shares fell 5.3% after the company announced restrictions on the sale of certain products.

  • Shares of Intel Corporation (INTC) jumped 6.2%, following positive remarks from Melius Research, highlighting the company's potential to improve its competitive position within the technology sector.

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