ADVFN US – Market Content Editor
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IMAX partners with Goer Dynamics to develop in-vehicle entertainment platform (IMAX)
IMAX (NYSE:IMAX) and Goer Dynamics have announced a strategic partnership to develop an IMAX-branded in-vehicle entertainment system, with commercial production scheduled to begin before the end of 2026. New platform targets premium automotive market The jointly developed system will combine Goer Dynamics’ automotive technology with IMAX’s entertainment expertise to deliver an immersive viewing experience inside…
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Progressive tops second-quarter earnings forecasts, but shares slide on margin concerns (PGR)
Progressive Corp. (NYSE:PGR) reported stronger-than-expected second-quarter earnings, supported by continued premium growth and higher investment gains. Despite the solid results, the insurer’s shares fell around 4% in premarket trading as investors focused on weaker underwriting margins. Earnings beat driven by premium growth The company posted second-quarter earnings of 5.67 dollars per share, comfortably ahead of…
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Nebius shares rise after unveiling partner-led AI cloud expansion strategy (NBIS)
Nebius (NASDAQ:NBIS) shares gained 2.75% on Wednesday after the AI cloud infrastructure company introduced a new partnership model designed to expand its cloud platform through third-party data centre operators while limiting its own capital investment. New model shifts infrastructure costs to partners Under the programme, infrastructure partners will finance, own and operate the data centres…
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GameStop expands on-demand delivery through Uber Eats partnership (GME)
GameStop (NYSE:GME) has partnered with Uber Technologies (NYSE:UBER) to make its products available through the Uber Eats platform, giving customers across the United States access to on-demand and scheduled delivery of gaming products. Gaming products available through Uber Eats Under the new agreement, customers can order a wide range of GameStop merchandise, including video games,…
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Ernexa Therapeutics shares soar 30% after independent study validates cancer therapy (ERNA)
Ernexa Therapeutics (NASDAQ:ERNA) shares surged 30% on Wednesday after the company announced positive independent preclinical data supporting its lead cell therapy candidate, ERNA-101, for the treatment of ovarian cancer. Independent research confirms earlier findings The company said an independent contract research organisation successfully replicated previous results, demonstrating complete tumour clearance and extended survival in a…
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Conagra Brands shares fall after weak fiscal 2027 guidance disappoints investors (CAG)
Conagra Brands (NYSE:CAG) shares fell 3.2% in premarket trading after the packaged food company issued a weaker-than-expected earnings outlook for fiscal 2027, overshadowing fourth-quarter results that narrowly exceeded Wall Street forecasts. Fourth-quarter results edge past expectations For the quarter ended 31 May 2026, Conagra reported adjusted earnings per share of 0.47 dollars, slightly above analysts’…
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Redwire shares climb after securing $21.5 million U.S. defense contract (RDW)
Redwire Corporation (NYSE:RDW) shares gained 4.6% on Wednesday after the aerospace and defense company announced it had received 21.5 million dollars in follow-on orders to supply additional Stalker unmanned aircraft systems to the U.S. military. Follow-on orders expand Stalker UAS programme The new purchase orders were awarded by the Portfolio Acquisition Executive Robotic Autonomous Systems…
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Pentair shares tumble after profit warning and unexpected CFO departure (PNR)
Pentair (NYSE:PNR) shares plunged nearly 20% in premarket trading after the company lowered its full-year financial guidance, released weaker-than-expected preliminary second-quarter results and announced the unexpected departure of its Chief Financial Officer. CFO exits as company names interim replacement Pentair said Chief Financial Officer Nicholas Brazis left the company on 10 July 2026 to pursue…
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XPeng shares gain after report outlines humanoid robot production plans (XPEV)
XPeng (NYSE:XPEV) shares rose 4% on Wednesday after a report indicated the Chinese electric vehicle manufacturer is preparing to significantly expand production of its humanoid robot ahead of an international launch. Robot production expected to accelerate According to a Wall Street Journal report citing people familiar with the matter, XPeng plans to increase monthly production…
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Health insurance stocks slide after Elevance highlights margin pressures (ELV)
Health insurance shares moved sharply lower in premarket trading after Elevance Health’s (NYSE:ELV) latest quarterly results revealed continued pressure on margins within its core Health Benefits business, raising concerns that similar challenges could affect the wider managed-care sector. Margin weakness overshadows earnings beat Although Elevance reported second-quarter earnings and revenue that comfortably exceeded analysts’ expectations,…