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High-rise Scare is Harsh Reality Check for Office-to-apartment Conversion Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2650791435","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2650791435?lang=en_us&edition=fundamental","pubTime":"2026-07-09 08:00","pubTimestamp":1783555200,"startTime":"0","endTime":"0","summary":"A day after structural damage imperiled the largest-ever planned office-to-residential conversion in the U.S., investors and lenders say they are reconsidering future commitments to these complex 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We Know About Efforts to Stabilize the Former Pfizer Building in Manhattan","url":"https://stock-news.laohu8.com/highlight/detail?id=2650997085","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2650997085?lang=en_us&edition=fundamental","pubTime":"2026-07-09 00:28","pubTimestamp":1783528080,"startTime":"0","endTime":"0","summary":"Columns inside a Manhattan high-rise office building buckled Tuesday, setting off a scramble to shore up the structure before it partially collapsed. Emergency crews installed temporary supports to stabilize the building, which is being converted into apartments.New York City officials said the building is now stable and hasn't shown any new movement. The contractor and city officials are discussing long-term solutions for the building.Here's what we know:What's the status of stabilizing the building?The high-rise had structural concerns on the 21st floor, officials said. First responders rushed to the scene early Tuesday and found two buckled columns and several sagging floors.New York City Fire Department Chief John Esposito at the time said it was a \"very serious and dangerous situation\" because the unstable building had continued to shift.But there was little likelihood of the entire building coming down, officials said. If parts of the building had given way, it would have most 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Nearby bus routes that pass were also delayed or partially suspended.Office-to-apartment conversions have surged since the pandemic emptied out aging office buildings, offering cities a way to add desperately needed housing. 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Stock Underperforms Tuesday When Compared to Competitors Despite Daily Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2649958966","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2649958966?lang=en_us&edition=fundamental","pubTime":"2026-07-08 05:26","pubTimestamp":1783459560,"startTime":"0","endTime":"0","summary":"DJ Novavax Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily GainsThis article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Novavax Inc.  advanced 1.18% to $9.46 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index  falling 1.16% to 25,818.69 and Dow Jones Industrial Average  falling 0.25% to 52,925.15.Novavax Inc. closed 20.97% short of its 52-week high of $11.97, which the company reached on February 26th.The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson  rose 3.05% to $267.24, Pfizer Inc.  rose 1.48% to $24.07, and Merck & Co. Inc.  rose 1.64% to $128.86.Trading volume  remained 671,565 below its 50-day average volume of 5.2 M.Data source: Dow Jones Market Data, FactSet. Data compiled July 7, 2026.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Fire officials said they received a report that bricks were falling from the 38-story building, in the city's midtown district just before 8 a.m. Officials determined that two columns had buckled on the building's 21st and 22nd floors and that several floors near the columns were sagging.No injuries were reported, fire officials said. Construction crews had to evacuate the building, a worker at the scene said. Several nearby buildings were being evacuated as a precaution, according to officials.The building is located on East 42nd Street between 2nd and 3rd Avenues.MetroLoft, one of the companies redeveloping the building, didn't respond to a request for comment. 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Stock Underperforms Monday When Compared to Competitors","url":"https://stock-news.laohu8.com/highlight/detail?id=2649716036","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2649716036?lang=en_us&edition=fundamental","pubTime":"2026-07-07 04:36","pubTimestamp":1783370160,"startTime":"0","endTime":"0","summary":"DJ Pfizer Inc. Stock Underperforms Monday When Compared To CompetitorsThis article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Pfizer Inc.  slipped 2.47% to $23.72 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index  rising 0.72% to 7,537.43 and the Dow Jones Industrial Average  rising 0.29% to 53,055.91.Pfizer Inc. closed 17.48% short of its 52-week high of $28.75, which the company achieved on April 2nd.The stock underperformed when compared to some of its competitors Monday, as Johnson & Johnson  fell 1.41% to $259.33, Eli Lilly & Co.  fell 1.14% to $1,200.06, and Abbott Laboratories  rose 0.24% to $95.63.Trading volume  eclipsed its 50-day average volume of 41.9 M.Data source: Dow Jones Market Data, FactSet. Data compiled July 6, 2026.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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