By Dean Seal
Yellow is in talks with multiple parties about selling its third-party logistics broker, Yellow Logistics, which it describes as “one of the fastest growing 3PLs in the industry.” The trucking company is preparing to file for bankruptcy, according to a report from The Wall Street Journal, a development that sent its stock plummeting 44% during the trading day. News of the potential Yellow Logistics sales came after the bell. Shares rise 11% to 63 cents in aftermarket trading.
Siga Technologies said the U.S. Department of Health and Human Services exercised procurement options for the delivery of about $113 million of oral TPOXX and about $25 million of IV TPOXX, its two treatment courses for adults and children with human smallpox disease caused by variola virus. Siga expects to fully deliver the oral treatment in 2023 and deliver the IV treatment in 2024. Shares soar 21% to $6.15 in after-hours trading.
Coursera reported a second-quarter loss per share of 21 cents on revenue of $153.7 million, an improvement from a loss per share of 34 cents on revenue of $124.7 million in the year-ago quarter. The online learning platform raised its 2023 revenue outlook by $15 million at the midpoint to a range of $617 million to $623 million. Shares jump 12% to $14.60 in postmarket trading.
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