Crude is up roughly 10%, topping $80 per barrel, since President Donald Trump declared the Iran deal was “over.” But the biggest winners in the energy sector aren’t the companies that pump the oil, they’re the ones that turn it…
On Friday, the U.S. Food and Drug Administration (FDA) granted traditional approval for Novartis AG’s (NYSE:NVS) oral medication, Fabhalta (iptacopan). The treatment is authorized to slow the decline of kidney function in adult patients suffering from primary immunoglobulin A nephropathy…
Biomatrix technology innovator Elutia Inc. (NASDAQ:ELUT) on Friday agreed to divest its SimpliDerm human acellular dermal matrix operations. The buyer, Cellution Biologics Inc., will acquire the asset in a transaction that could be valued at a maximum of $11 million.…
Maase Inc. (NASDAQ:MAAS) said Friday it agreed to sell its entire indirect 49% stake in Qingdao Huiju Laixi Intelligent Technology Co., Ltd. to an independent third party for $17 million in cash, as the company sharpens its focus on artificial…
Leonardo DRS Inc. (NASDAQ:DRS) stock is surging on Friday, primarily driven by a massive, high-volume blanket purchase agreement to supply over 50,000 Tenum Orbit thermal imaging cameras. The Nasdaq is down 1.38% while the S&P 500 has shed 0.75%, and…
Semiconductors are on track for their deepest monthly drawdown since the global financial crisis, and the loudest bull on Wall Street is refusing to blink. The iShares Semiconductor ETF (NASDAQ:SOXX) is down 18.6% month-to-date — on pace for its worst…
Sadot Group Inc. (NASDAQ:SDOT) shares surged on Friday following the news about the company’s acquisition of TradeIQ, receiving access to up to $200 million in financing and the elimination of a legacy equity facility. This gain outperformed the broader market.…
Shares of Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) tanked in early trading on Friday amid a global AI selloff. While the company announced better-than-expected results for the second quarter, management raised the capital expenditures guidance for the full year. This…
Nebius Group N.V. (NASDAQ:NBIS) stock rose about 3% on Friday, outperforming a weak technology sector as investors reacted to the company’s new debt financing. The broader market remained under pressure, with the Nasdaq down 1.60%, the S&P 500 off 0.81%…
GE Aerospace (NYSE:GE) delivered another blockbuster quarter Thursday, raising its full-year guidance after reporting double-digit growth across orders, revenue, earnings and free cash flow. But CEO Larry Culp used the second quarter earnings call to send investors a different message:…