Company News for Aug 5, 2022

• Shares of Coinbase Global, Inc. (COIN - Free Report) surged 10% after it announced a partnership with BlackRock, Inc. (BLK - Free Report) to provide its institutional clients access to crypto trading and custody services.
• Meta Platforms, Inc.’s (META - Free Report) shares rose 1.1% after it announced that in a bid fund share buybacks and a business revamp, it is going to $10 billion in a first-ever bond offering.
• Shares of Eli Lilly and Company (LLY - Free Report) dropped 2.6% after it reported second-quarter 2022 earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.80 per share.
• Cigna Corporation’s (CI - Free Report) shares rose 3.1% after it reported second-quarter 2022 earnings of $6.22 per share, beating the Zacks Consensus Estimate of $5.44 per share.

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