Coinbase — Shares jumped almost 6% after the cryptocurrency exchange shared plans to trim its workforce by 20%. The cuts come after Coinbase laid off 18% of its workforce in June as crypto prices, and its stock, dwindled.
Bed Bath & Beyond — The retailer jumped nearly 19%. The move came after its earnings call, in which leadership said the company had bigger losses than expected. Days earlier, the company warned of potential bankruptcy.
Oak Street Health — Shares of Oak Street Health, a health-care company that manages primary care centers for Medicare patients, jumped 28% after Bloomberg reported that CVS
is exploring a deal to purchase it for more than $10 billion.
Regeneron Pharmaceuticals — The stock was up 2.9%, a day after the shares dropped about 7.7% on news that sales of the pharmaceutical company’s Eylea drug were hurt by a shift to an off-label competitor in the final quarter of 2022. On Tuesday, CEO Leonard Schleifer told CNBC that activity was “transient” and should not have any impact on the long-term trajectory of Eylea.
