Author: Fiona Craig
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Coda Octopus Shares Jump After Earnings Beat Despite Revenue Shortfall (CODA)
Coda Octopus Group, Inc. (NASDAQ:CODA) shares climbed nearly 9% in premarket trading on Monday after the underwater technology specialist reported fiscal second-quarter 2026 earnings that surpassed analyst expectations, even as revenue came in below forecasts. The company delivered stronger profitability during the quarter, supported by expanding margins and lower operating costs. Earnings Outperform Expectations For…
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Fox to Buy Roku in $22 Billion Deal to Build Streaming and Live Media Powerhouse
Fox Corp. (NASDAQ:FOX) has agreed to acquire Roku Inc. (NASDAQ:ROKU) in a cash-and-stock transaction with an enterprise value of approximately $22 billion, combining one of the largest providers of live sports and news content with a leading connected-TV platform. The acquisition represents a major strategic move as media companies seek greater scale and direct access…
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Elicio Therapeutics Shares Plunge After Pancreatic Cancer Study Misses Main Goal (ELTX)
Elicio Therapeutics Inc. (NASDAQ:ELTX) shares tumbled 47% on Monday after the company announced that its Phase 2 AMPLIFY-7P trial of ELI-002 7P in pancreatic cancer failed to achieve its primary endpoint of disease-free survival in the intent-to-treat population. The study assessed ELI-002 7P against observation in patients with resected Stage I-III mutant KRAS-driven pancreatic ductal…
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American Express Shares Edge Higher on Planned $700 Million TheFork Acquisition (AXP)
American Express Co. (NYSE:AXP) shares rose 1.3% in premarket trading on Monday after the company announced an agreement to acquire TheFork from Tripadvisor Inc. (NASDAQ:TRIP) in a transaction valued at $700 million. The proposed acquisition is designed to strengthen American Express’ dining ecosystem and expand its footprint across key European markets. Deal Expands Restaurant Booking…
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Pattern Group Shares Fall After Launch of Secondary Stock Offering (PTRN)
Pattern Group Inc. (NASDAQ:PTRN) shares dropped 7% on Monday after the ecommerce technology company announced a proposed secondary offering involving 8 million shares of its Series A common stock. The transaction is being conducted by an existing shareholder and will not result in any proceeds being received by the company. Existing Investor to Sell Stake…
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Nvidia Targets $20 Billion-Plus Bond Offering in Return to Debt Markets (NVDA)
Nvidia Corp. (NASDAQ:NVDA) is set to return to the investment-grade bond market for the first time in roughly five years, with plans to raise at least $20 billion through a multi-tranche debt issuance, according to a report from Bloomberg News. The proposed offering would mark one of the company’s largest financing transactions as demand for…
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Fiserv Shares Slide as CEO Mike Lyons Departs for Truist Leadership Role (FISV)
Fiserv Inc. (NASDAQ:FISV) shares fell 7% on Monday after the company announced that Chief Executive Officer Mike Lyons will leave the payments and financial technology group to take up the role of CEO at Truist Financial Corporation. The leadership change comes as Fiserv moves to ensure continuity with the immediate appointment of Takis Georgakopoulos as…
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Tripadvisor Shares Surge After $700 Million Sale of TheFork to American Express (TRIP)
Tripadvisor Inc. (NASDAQ:TRIP) shares climbed 14% after the company revealed an agreement to divest TheFork, its European restaurant booking and management platform, to American Express (NYSE:AXP) in an all-cash transaction valued at $700 million. The deal marks a significant step in Tripadvisor’s strategy to concentrate resources on expanding its Experiences business, following the company’s announcement…
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Neumora Ends Depression Drug Programme and Announces Workforce Reduction (NMRA)
Neumora Therapeutics (NASDAQ:NMRA) said on Monday that it will halt development of its experimental depression treatment navacaprant after two Phase III clinical studies failed to meet their primary efficacy goals. The drug candidate had been under evaluation as a potential treatment for patients suffering from major depressive disorder. Late-Stage Trial Setbacks Prompt Strategic Review The…
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Payoneer Shares Climb After Nuvei Agrees $2.75 Billion Takeover (PAYO)
Payoneer Global Inc. (NASDAQ:PAYO) shares advanced 3.4% in premarket trading on Monday after Nuvei revealed plans to acquire the payments platform in an all-cash transaction valued at approximately $2.75 billion. Under the agreement, Nuvei will purchase all outstanding Payoneer shares for $7.40 per share in cash. The transaction has received unanimous approval from the boards…