Company News for Mar 27, 2023

• Shares of Block, Inc. (SQ) declined 1.9% following a report from short-seller Hindenburg Research alleging that the payment company facilitates fraud.
• Incyte Corporation’s (INCY) shares fell 2.8% after the company issued a regulatory update on ruxolitinib extended-release tablets that the FDA won’t give approval to the company’s application in its current form.
• Shares of JPMorgan Chase & Co. (JPM) declined 1.5% on the broader banking slump.
• Wells Fargo & Company’s (WFC) shares declined 1% on the broader banking slump.

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