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Company News for Oct 29, 2024

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  • The Boeing Company ((BA - Free Report) ) shares fell 2.8% after announcing a $22 billion stock offering to support finances amid a worker strike.
  • Taiwan Semiconductor Manufacturing Company ((TSM - Free Report) ) shares fell 4.3% after halting shipments to a China-based chip designer due to a chip found in a Huawei AI processor, which the U.S. restricts over security concerns.
  • Moderna, Inc. ((MRNA - Free Report) ) shares climbed 3.2% after the company announced it had initiated a phase 3 trial for a treatment targeting non-small cell lung cancer.
  • Shares of ON Semiconductor Corporation ((ON - Free Report) ) rose 1.4% after reporting third-quarter 2024 earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.97 per share.

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