Finance

Chewy, Biogen, Snowflake and more

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Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019.

Andrew Kelly | Reuters

Check out the companies making headlines in midday trading.

Snowflake – Shares of the cloud computing company dropped 3.3%. The firm presented its financial targets at its investor day meeting on Thursday, aiming to reach $10 billion in annual product revenue by 2029, compared to $554 million in its fiscal year that ended in January.

Vertex Pharmaceuticals — The pharmaceutical company’s shares fell roughly 11%after it said on Thursday that it will stop developing an experimental drug after it was shown to be unlikely to prove effective against a rare genetic disease called AAT…



Source cnbc.com

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