ADVFN US – Market Content Editor
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Optimism About End Of Government Shutdown Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Monday, regaining ground following the considerable weakness seen in the previous week. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages ended the day just off their highs of the session. The Nasdaq surged 522.64 points…
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SPAC News From The Last Seven Days
The Last Week’s Deals Crane Harbor Acquisition Corp. (NASDAQ:CHAC) announced a deal to acquire Xanadu, a photonic quantum computing company. The deal reflects an enterprise value of $3.1bn and includes a $275mm PIPE anchored by AMD, BMO Global Asset Management, and CIBC Asset Management Inc. No closing timeline given. Cantor Equity Partners III, Inc. (NASDAQ:CAEP) announced a deal…
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TreeHouse Foods Shares Surge 18% After $2.9 Billion Buyout Deal with Investindustrial
TreeHouse Foods, Inc. (NYSE:THS) shares skyrocketed 18.3% in premarket trading Monday after the company announced it had entered into a definitive agreement to be acquired by Investindustrial in a deal valued at $2.9 billion, even as its latest quarterly results came in mixed. For the third quarter, the private-label food manufacturer reported adjusted earnings of…
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Nektar Therapeutics Shares Rise After Positive Asthma Data in Atopic Dermatitis Patients
Nektar Therapeutics (NASDAQ:NKTR) shares climbed 3.6% on Monday after the biotech firm unveiled encouraging new data showing that its experimental therapy rezpegaldesleukin improved asthma symptoms in patients with atopic dermatitis. The findings, presented at the American College of Allergy, Asthma & Immunology Annual Scientific Meeting, revealed statistically significant improvements in asthma control questionnaire (ACQ) scores…
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Celsius Shares Surge After Announcing $300 Million Stock Buyback Program
Celsius Holdings Inc. (NASDAQ:CELH) shares jumped 6% in premarket trading Monday after the energy and wellness beverage maker announced a new $300 million share repurchase program, signaling confidence in its financial strength and long-term growth prospects. The Board of Directors approved the buyback authorization, which has no expiration date and gives Celsius flexibility to repurchase…
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Micron Shares Climb After Mizuho Issues Bullish Outlook on Memory Market
Micron Technology (NASDAQ:MU) shares rose 4.1% in premarket trading Monday after Mizuho Securities reiterated its bullish stance on the chipmaker, citing strong long-term memory demand and favorable market dynamics. Mizuho analyst Vijay Rakesh reaffirmed an Outperform rating and a $265 price target on Micron following virtual investor meetings with company executives, including CFO Mark Murphy.…
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Priority Technology Holdings Shares Surge After CEO Offers to Take Company Private
Priority Technology Holdings (NASDAQ:PRTH) shares jumped 12% on Monday after CEO and largest individual shareholder Thomas Priore submitted a proposal to take the payments technology company private. According to the proposal, Priore—together with affiliated entities that collectively own about 60% of the company’s outstanding shares—offered to acquire the remaining equity for $6.00 to $6.15 per…
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Surgery Partners Shares Plunge Over 11% After Slashing 2025 Guidance and Missing Q3 Estimates
Surgery Partners, Inc. (NASDAQ:SGRY) shares tumbled more than 11% in premarket trading Monday after the company cut its full-year 2025 outlook and reported third-quarter results that fell short of analyst expectations. The short-stay surgical facility operator posted adjusted earnings of $0.13 per share, missing the consensus estimate of $0.21. Revenue came in at $821.5 million,…
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Tower Semiconductor Shares Jump 6% as Q4 Outlook Exceeds Expectations
Tower Semiconductor (NASDAQ:TSEM) shares climbed nearly 6% in premarket trading on Monday after the company posted strong third-quarter results and issued a record-breaking fourth-quarter revenue forecast that surpassed analyst expectations. The specialty chip manufacturer reported Q3 revenue of $395.7 million, slightly above the consensus estimate of $394.97 million and up 6% sequentially. Adjusted earnings per…
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eToro Shares Jump Over 4% After Strong Q3 Profit Surge on Robust Trading Activity
eToro Group Ltd. (NASDAQ:ETOR) saw its shares climb more than 4.6% in premarket trading Monday, after reporting a 35% increase in third-quarter adjusted net income, as strong user growth and diversified revenue streams continued to drive performance. The trading and investing platform posted adjusted earnings of $0.60 per share, topping analyst estimates of $0.58. Revenue…