ADVFN US – Market Content Editor
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Morgan Stanley Reiterates $300 SpaceX Target, Citing Growth-Adjusted Valuation
SpaceX (NASDAQ:SPCX) trades at a discount to other large-cap AI-related companies when its expected growth is taken into account, according to Morgan Stanley analyst Adam Jonas, who reiterated an Overweight rating and $300 price target on the stock. Jonas described SpaceX as “cheap and getting cheaper” on a growth-adjusted basis, despite the shares trading at…
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Intel Shares Fall as TSMC Discusses Potential Terafab Collaboration
Intel (NASDAQ:INTC) shares fell more than 4% in pre-market trading on Monday following reports that TSMC is discussing a potential collaboration with Elon Musk’s Terafab semiconductor project in Texas. Intel joined the Terafab project in April 2026, when its next-generation 14A node was named as the project’s sole manufacturing process technology. TSMC’s US-listed shares rose…
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RXO Shares Rise After C.H. Robinson Agrees $5.8 Billion Acquisition
RXO Inc. (NYSE:RXO) shares rose more than 18.5% in pre-market trading on Monday after C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) agreed to acquire the transportation services company in a cash-and-stock transaction valued at $5.8 billion. Under the agreement, RXO shareholders will receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share held, representing…
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Vaxcyte Shares Rise 50% After VAX-31 Meets Primary Endpoints in Phase 3 Trial
Vaxcyte, Inc. (NASDAQ:PCVX) shares rose 50% on Monday after the company reported topline results from its pivotal OPUS-1 Phase 3 trial evaluating VAX-31, its 31-valent pneumococcal conjugate vaccine candidate. VAX-31 met all prespecified primary endpoints across the age groups studied in comparisons with Prevnar 20 and Capvaxive. In adults aged 50 and older, the vaccine…
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CME Group Plans Futures Contracts for AI Computing Capacity
CME Group (NASDAQ:CME) plans to introduce futures contracts linked to artificial intelligence computing capacity, creating a standardised derivatives product based on the cost of renting AI processing power. The exchange announced the planned contracts in August. Pete Keavey, the CME executive responsible for the initiative, said the aim is to standardise compute trading in a…
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Vertical Aerospace Appoints Former Leonardo Helicopters US CEO to Board
Vertical Aerospace (NYSE:EVTL) has appointed Clyde M. Woltman to its Board of Directors, effective October 5, 2026. Woltman previously served as chief executive of Leonardo Helicopters US, where he oversaw a $1 billion business covering sales, engineering, certification, production, customer support and research and development across the Americas. His responsibilities also included US Government and…
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FDA Extends Review of Novo Nordisk Haemophilia A Treatment Denecimig
Novo Nordisk (NYSE:NVO) said the US Food and Drug Administration has extended its review of denecimig, the company’s treatment for haemophilia A, due to ongoing remediation activities at its manufacturing facility. The company submitted a Biologics License Application for denecimig in September 2025 for the treatment of adults and children with haemophilia A, with or…
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Tutor Perini Unit Awarded $315 Million US Coast Guard Fuel Pier Contract
Tutor Perini Corporation (NYSE:TPC) said its subsidiary Perini Management Services has been awarded a contract worth approximately $315 million by the US Coast Guard for a new fuel pier at Coast Guard Base Kodiak in Alaska. The project will use an accelerated design-build-to-budget delivery method and is intended to expand dock capacity at the base…
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GE Vernova Customers Receive Three 2026 POWER Magazine Awards
Several GE Vernova (NYSE:GEV) customers received recognition in the 2026 POWER Awards for power generation projects using the company’s technologies. The annual awards programme, organised by POWER Magazine, recognises projects and performance across the electricity generation industry. PetroVietnam Power Corporation’s Nhon Trach 3&4 Power Plant in Vietnam received both the Plant of the Year Award…
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Autodesk Shares Rise Following Schneider Electric’s $22.6 Billion PTC Deal
Autodesk (NASDAQ:ADSK) shares rose 3.8% in pre-market trading after Schneider Electric announced an agreement to acquire PTC for $22.6 billion in cash. Under the transaction, Schneider Electric will acquire PTC, a provider of industrial design and product lifecycle management software, at a 42.3% premium to its previous closing share price. The acquisition is Schneider Electric’s…