Author: Fiona Craig
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Core Scientific Targets 1.5 Gigawatt Expansion at Pecos Data Center Campus
Core Scientific Inc. (NASDAQ:CORZ) announced plans to expand its Pecos, Texas campus to roughly 1.5 gigawatts of gross power capacity, including about 1.0 gigawatt available for leasing. The company is repurposing the site—currently operating with 300 megawatts dedicated to bitcoin mining—into a large-scale data center campus designed to support artificial intelligence infrastructure. Construction is underway,…
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Verizon Rises After Earnings Beat and Upgraded Outlook
Verizon Communications Inc. (NYSE:VZ) moved higher in premarket trading after delivering first-quarter earnings that topped expectations and lifting its full-year profit outlook, despite revenue coming in below forecasts. Shares gained 4.9% ahead of the open, supported in part by the company’s first positive first-quarter postpaid phone net additions since 2013. Earnings Top Estimates While Revenue…
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Intellia Therapeutics Shares Slip Despite Strong Phase 3 Data
Intellia Therapeutics Inc. (NASDAQ:NTLA) declined 3% on Monday, reversing earlier gains that followed the release of positive Phase 3 results for its hereditary angioedema (HAE) therapy. The data marks the first global Phase 3 outcome for an in vivo gene editing treatment. The company said its Phase 3 HAELO trial evaluating lonvoguran ziclumeran (lonvo-z) achieved…
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Joby Aviation Shares Rise Following New York City Air Taxi Demo Flights
Joby Aviation (NYSE:JOBY) gained 3.8% on Monday after completing the first point-to-point electric vertical takeoff and landing (eVTOL) air taxi demonstration flights in New York City. The company’s aircraft took off from John F. Kennedy International Airport and traveled across the city’s heliport network, including stops at Downtown Skyport as well as the West 30th…
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Peloton Shares Rise on New Spotify Fitness Collaboration
Peloton Interactive (NASDAQ:PTON) climbed 6% on Monday after Spotify (NYSE:SPOT) revealed a new partnership that brings Peloton fitness content to its platform. Through the collaboration, Spotify Premium subscribers in supported regions will be able to access more than 1,400 ad-free, on-demand classes from Peloton as part of their existing memberships. The offering spans a range…
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Sagimet Biosciences Shares Jump 30% on Acne Trial Expansion Plans
Sagimet Biosciences Inc. (NASDAQ:SGMT) surged 30% on Monday after unveiling plans to launch a Phase 3 clinical trial of denifanstat for moderate to severe acne in the U.S. during the second half of 2026. The clinical-stage biopharmaceutical company said it is advancing denifanstat into the U.S. acne market, supported by recently reported positive Phase 3…
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Urban-gro Shifts Focus to Sports Media Following Flash Merger
Urban-gro Inc. (NASDAQ:UGRO) has announced a strategic pivot away from its roots in controlled environment agriculture, repositioning itself as a sports, media, and experiential marketing platform after merging with Flash Sports & Media Inc.. The company finalized its acquisition of Flash on February 17, 2026, after first revealing the deal on October 14, 2025. With…
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WW International Targets Debt Reduction with Up to $40 Million Prepayment
WW International Inc. (NASDAQ:WW) said it intends to allocate as much as $40 million in cash toward reducing the principal balance of its outstanding term loan, according to a company statement. The planned repayment includes two parts: between $25 million and $30 million to cover the annual cash sweep payment due on June 24, 2026,…
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Fulcrum Therapeutics Shares Climb After Q1 Earnings Outperform Expectations
Fulcrum Therapeutics Inc. (NASDAQ:FULC) moved higher in pre-market trading on Monday after reporting first-quarter results that topped analyst expectations. The clinical-stage biopharmaceutical firm posted a loss of $0.25 per share for the quarter, coming in ahead of forecasts calling for a $0.30 per share loss. Net loss totaled $18.9 million for the three months ended…
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Lakeland Financial Tops EPS Estimates but Misses on Revenue
Lakeland Financial Corporation (NASDAQ:LKFN) reported first-quarter results on Monday that exceeded earnings expectations but came in slightly below revenue forecasts. Adjusted earnings per share were $1.04, beating the analyst consensus of $1.01 by $0.03, while revenue totaled $69.71 million, missing estimates of $70.42 million. The stock remained unchanged in after-hours trading following the release. Net…