Columbia Banking System (COLB) down 14.89% to close at $ 33.68 on October 12

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Today, the stock of Columbia Banking System, Inc. Inc. (NASDAQ: COLB) was down $ 5.89, down 14.89%. Columbia Banking System, opened at $ 36.12 before trading between $ 36.12 and $ 33.27 throughout Tuesday’s trading. Activity saw Columbia Banking System’s market capitalization drop to $ 2,417,120,205 on 4,027,310 stocks, above their 30-day average of 640,133.

About Columbia Banking System, Inc.

Based in Tacoma, Wash., Columbia Banking System, Inc. is the holding company for Columbia Bank, a full-service commercial bank licensed by the State of Washington with operations throughout Washington, Oregon and Idaho. The bank has been named one of the “Best Places to Work in Washington” more than 10 times by the Puget Sound Business Journal and was recently ranked # 1 for customer satisfaction with retail banking in the region. Northwest by JD Power in the 2020 US Retail Banking Satisfaction Survey. Columbia was named the Northwest’s # 1 bank on the Forbes 2020 list of “America’s Best Banks” scoring nearly 10 consecutive years on the publication’s list of top financial institutions. More information about Columbia can be found on its website at www.columbiabank.com. Columbia Bank received the highest score in the Northwest region of the JD Power 2020 US Retail Bank Satisfaction Survey for customer satisfaction with their own retail bank.

Visit the Columbia Banking System, Inc. profile for more information.

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Merck Seeks Emergency Clearance From FDA For First Oral COVID-19 Treatment

Drug Manufacturer Merck & Co Inc (NYSE: MRK) and its partner Ridgeback Biotherapeutics LP announced Monday that they have applied for emergency use authorization from the United States Food and Drug Administration (FDA) for their oral antiviral treatment COVID-19.

If approved, the pill, molnupiravir, would be the first oral therapy for COVID-19 and could be a potential breakthrough in how the virus is treated since all other FDA-backed treatments require injection or IV administration. .

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Amazon offers greater flexibility for employees to work remotely

Amazon.com Inc (Nasdaq: AMZN) gives its technical and corporate employees more flexibility to work remotely even after the company begins to reopen its offices early next year.

Amazon CEO Andy Jassy said on Monday the company would leave it up to the manager of each team to determine how often workers should enter the office. This marks a change from the company’s previous expectations that most employees would be back at their desks three days a week when the offices fully reopen in January 2022.

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California to ban sale of gasoline lawn equipment

California will soon ban the sale of new gas-powered lawn equipment, the state’s latest move to cut emissions.

Under the law signed by Democratic Governor Gavin Newsom on Saturday, the California Air Resources Board (CARB) has been tasked with phasing out the sale of small all-terrain engines by 2024 or as soon as possible, whichever is later. late.

The law also authorizes the board of directors to identify and make funds available for trade rebates to help small businesses make the switch to electrical equipment. The state budget has set aside around $ 30 million for these purposes, according to the Associated Press.

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For more information about Columbia Banking System, Inc. and to keep up with the latest company updates, you can visit the company profile page here: Columbia Banking System, Inc.’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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