Author: Fiona Craig
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IBM Shares Soar After Video of Trump Praising CEO Resurfaces Online (IBM)
IBM (NYSE:IBM) shares surged as much as 15% in premarket trading on Monday after a previously recorded video featuring U.S. President Donald Trump discussing the company and its chief executive gained widespread attention on social media. The clip, which originated from an event held in December, circulated widely over the weekend and sparked renewed investor…
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MGM Resorts Shares Rally on Report of Potential $18 Billion Buyout Offer (MGM)
MGM Resorts International (NYSE:MGM) shares surged 10% on Monday after a report indicated that Barry Diller’s People Inc., formerly known as IAC, is preparing a takeover proposal that could value the casino and hospitality group at approximately $18 billion. According to a report from The New York Times’ DealBook, People Inc. is considering an all-cash…
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FedEx Shares Edge Higher Following Completion of Freight Business Spin-Off (FDX)
FedEx Corp. (NYSE:FDX) traded modestly higher on Monday after finalizing the separation of its freight division, creating a new standalone publicly listed company, FedEx Freight Holding Company, Inc. (NYSE:FDXF). The transaction marks a significant restructuring milestone for the logistics giant, with both businesses now operating independently and pursuing their own strategic priorities. Shareholders Receive Stakes…
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SAIC Shares Jump After Earnings Beat and Higher Profit Forecast (SAIC)
Science Applications International Corporation (NASDAQ:SAIC) saw its shares surge nearly 9% in pre-market trading on Monday after reporting stronger-than-expected first-quarter results and raising its profit outlook for the full fiscal year. The defense technology and services provider delivered earnings and revenue ahead of analyst forecasts, supported by improved contract profitability, healthy cash generation and continued…
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Bristol Myers Squibb Wins EU Green Light for Opdivo-Based Hodgkin Lymphoma Treatment (BMY)
Bristol Myers Squibb (NYSE:BMY) has secured approval from the European Commission for the use of Opdivo (nivolumab) in combination with doxorubicin, vinblastine and dacarbazine (AVD) as a first-line treatment for adults and adolescents aged 12 years and older with previously untreated Stage III or Stage IV classical Hodgkin lymphoma. The decision introduces the first immunotherapy-based…
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Delta Gold Technologies Expands Quantum Technology Portfolio with Three Patent Applications from Penn State Collaboration
Delta Gold Technologies (USOTC:DGQTF) (AQSE:DGQ) has announced a major advancement in its quantum technology strategy, adding three patent applications developed through its sponsored research partnership with Penn State University to its growing intellectual property portfolio. The milestone underscores the company’s commitment to building a valuable portfolio of quantum-related technologies and demonstrates the early success of…
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Five Key Market Themes Investors Will Be Watching This Week
A renewed, though relatively limited, exchange of military action between the United States and Iran has tempered optimism surrounding a swift diplomatic breakthrough. Nevertheless, many market participants continue to believe that a longer-term agreement remains achievable. Meanwhile, a packed economic calendar is expected to provide fresh clues about the impact of the Iran conflict on…
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Honeywell Unveils New Corporate Identities Ahead of Planned Business Separation (HON)
Honeywell (NASDAQ:HON) has introduced the branding and corporate identities that will be adopted by its two future standalone companies as the group prepares to complete its planned separation on June 29, 2026. The move represents another milestone in Honeywell’s restructuring strategy, which will split the company into two independently listed businesses focused on automation technologies…
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Moderna Joins Global Initiative to Advance Vaccine Candidate for Bundibugyo Ebola Virus (MRNA)
Moderna (NASDAQ:MRNA) announced on Monday a new collaboration with an international health organization aimed at accelerating the development of a vaccine targeting Bundibugyo ebolavirus (BDBV), the strain responsible for the ongoing Ebola outbreak in eastern Democratic Republic of Congo. The partnership comes as global health agencies intensify efforts to identify effective treatments and preventive measures…
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TSMC Expands Use of NVIDIA AI Technologies Across Chip Production Operations
NVIDIA (NASDAQ:NVDA) revealed that Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is deploying a range of its artificial intelligence and accelerated computing technologies throughout semiconductor development and manufacturing processes, deepening the partnership between the two companies. The initiative spans multiple areas of chip production, from lithography and materials research to factory optimization and defect detection, as semiconductor…