Pre-market Movers: CRMD, GDRX, QBTS, NVAX, VRNA…

FBI Searches Trump’s Mar-a-Lago Home, Seizes Documents: Reports

Former President Donald Trump said that FBI raided his Mar-a-Lago resort in Palm Beach, Florida, and broke open a safe.

“These are dark times for our Nation, as my beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,” he said in a statement Monday.

Trump, who was reportedly in New Jersey at the time the search, called it “prosecutorial misconduct, the weaponization of the justice system, and an attack by radical left Democrats.”

He said his political opponents desperately don’t want him to run for President in 2024, especially based on recent polls, and will do anything to stop Republicans and Conservatives in the upcoming Midterm Elections.

Some media outlets confirmed that FBI executed a search warrant Monday morning, saying that it was part of an investigation into Trump’s handling of classified presidential papers that he may have taken with him when he left the White House.

CNN and The Guardian reported, quoting sources familiar with the investigation, that FBI agents confiscated some documents during the search.

Trump is facing a number of investigations by the Justice Department, including on the effort to overturn the 2020 presidential election, his role in instigating the Capitol Hill riot of January 6, 2021, and a case involving the handling of classified documents.

Endo International plc Q2 Earnings Summary

Below are the earnings highlights for Endo International plc (ENDP):

Earnings: -$1885.43 million in Q2 vs. $6.53 million in the same period last year.
EPS: -$8.00 in Q2 vs. $0.03 in the same period last year.
Excluding items, Endo International plc reported adjusted earnings of -$15.5 million or -$0.04 per share for the period.

Revenue: $569.11 million in Q2 vs. $713.83 million in the same period last year.

Asahi Group H1 Core Operating Profit Rises; Revenue Up 11.4%

Asahi Group Holdings, Ltd. (ASBRF.PK) reported first half profit to owners of parent of 57.01 billion yen, a decline of 28.1% from prior year. Earnings per share was 112.49 yen compared to 156.51 yen. Core operating profit was 90.96 billion yen, up 1.9% from last year.

First half revenue was 1.15 trillion yen, an increase of 11.4% from previous year.

For fiscal 2022, the company expects: profit to owners of parent of 146.50 billion yen; core operating profit of 240.0 billion yen; and revenue of 2.45 trillion yen.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Lyons Magnus Recalls 53 Products Over Cronobacter Bacteria Contamination

Food service company Lyons Magnus has issued a voluntary recall for 53 beverage products over possible contamination with Cronobacter sakazakii bacteria, as per an announcement posted by the company on Friday.

Cronobacter is a bacteria that can be found in dry goods and sewer water, according to the US Centers for Disease Control and Infection. Infection can be particularly dangerous in infants, people aged over 65, and people with weak immune systems. The symptoms include fever, meningitis, and seizures in infants.

The recall includes certain lots of beverages, liquid coffee, pediatric nutritional supplements, protein shakes, nutritional shakes and thickened liquids. Products included in the recall include some branded as Oatly, Stumptown, Glucerna, Intelligentsia, Aloha, Kate Farms and Premier Protein. “The preliminary root cause analysis shows that the products did not meet commercial sterility specifications,” the recall said.

No illnesses or complaints related to these products have been reported, the company said. People who have purchased the recalled products are asked to throw them out or return them for a refund.

The recall does not include products manufactured for children younger than 1.
The bacteria is in the center of a separate recall of powdered infant formula, which is still going on.

Endo International Q2 Adj. Profit From Cont. Ops. Declines

Endo International plc (ENDP) reported that its second quarter adjusted net income per
share from continuing operations declined to $0.03 from $0.62, prior year. The company noted that the results reflect decreased revenues and increased acquired in-process research and development charges.

Reported loss from continuing operations in second-quarter 2022 was $1.88 billion. Reported net loss per share from continuing operations was $8.00 compared to a loss of $0.04, last year.

Total revenues were $569 million in second-quarter 2022, a decrease of 20% from $714 million, last year. The company said the decrease was primarily attributable to decreased revenues from Sterile Injectables segment, partially offset by increased revenues from Generic Pharmaceuticals segment.

Shares of Endo International are down 18% in pre-market trade on Tuesday.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Pre-market Movers: CRMD, GDRX, QBTS, NVAX, VRNA…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 07.15 A.M. ET).

In the Green

GoodRx Holdings, Inc. (GDRX) is up over 39% at $10.82
DPCM Capital, Inc. (QBTS) is up over 36% at $13.64
Verona Pharma plc (VRNA) is up over 29% at $9.01
Lemonade, Inc. (LMND) is up over 12% at $28.26
Desktop Metal, Inc. (DM) is up over 12% at $2.91
Solo Brands, Inc. (DTC) is up over 11% at $6.14
Dynagas LNG Partners LP (DLNG) is up over 9% at $3.50
ShockWave Medical, Inc. (SWAV) is up over 8% at $240.00
Energy Vault Holdings, Inc. (NRGV) is up over 8% at $5.34
Equinox Gold Corp. (EQX) is up over 7% at $4.48

In the Red

CorMedix Inc. (CRMD) is down over 53% at $3.49
Novavax, Inc. (NVAX) is down over 31% at $39.20
Turtle Beach Corporation (HEAR) is down over 30% at $9.70
Magic Empire Global Limited (MEGL) is down over 19% at $94.69
Community Health Systems, Inc. (CYH) is down over 16% at $3
CarGurus, Inc. (CARG) is down over 15% at $21.84
3D Systems Corporation (DDD) is down over 13% at $11.40
DermTech, Inc. (DMTK) is down over 11% at $7.48
Trex Company, Inc. (TREX) is down over 10% at $57.00
PennantPark Floating Rate Capital Ltd. (PFLT) is down over 7% at $12.24
ESS Tech, Inc. (GWH) is down over 7% at $3.83
Oppenheimer Holdings Inc. (OPY) is down over 6% at $35.00