Author: Fiona Craig

Oil prices slipped in Asian trading on Tuesday, weighed down by persistent fears of an oversupplied market that eclipsed both optimism over a potential resolution to the U.S. government shutdown and uncertainty surrounding new U.S. sanctions targeting Russia’s Rosneft and Lukoil. By 07:17 GMT, Brent crude futures declined 27 cents, or 0.4%, to $63.79 a…

Gold prices strengthened in Asian trading on Tuesday, approaching a three-week high as investors continued to seek refuge in the precious metal despite a firmer U.S. dollar and improving risk appetite. Progress in resolving the U.S. government shutdown failed to dampen demand for gold, as lingering uncertainty around U.S. trade policy and interest rates kept…

The U.S. dollar moved slightly higher on Tuesday as optimism grew that the record-long U.S. government shutdown could soon come to an end, while the British pound weakened after a slowdown in wage growth increased expectations for a Bank of England rate cut in December. At 04:10 ET (09:10 GMT), the Dollar Index, which measures…

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…

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…

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…

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…

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.…

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…