Category: Latest News
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Avidity Biosciences shares climb after FDA grants Breakthrough Therapy designation
Shares of Avidity Biosciences, Inc. (NASDAQ:RNA) rose 4% Wednesday following the announcement that its drug candidate, delpacibart zotadirsen (del-zota), has been awarded Breakthrough Therapy status by the U.S. Food and Drug Administration. The designation applies to del-zota for treating Duchenne muscular dystrophy (DMD) in patients with mutations eligible for exon 44 skipping. This FDA status…
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U.S. Stocks Gain on U.S.-Japan Trade Deal Hopes; Tesla, Alphabet Earnings in Focus
U.S. equity markets climbed on Wednesday, buoyed by optimism surrounding a new trade agreement between the United States and Japan. Investors also turned their attention to upcoming earnings reports from tech heavyweights Tesla and Alphabet. As of 09:35 ET, the Dow Jones Industrial Average was up 245 points (0.6%), the S&P 500 gained 23 points…
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Infosys Q2 results meet earnings forecasts while revenue exceeds expectations
Infosys Limited (NYSE:INFY), the global leader in digital services and consulting, reported second-quarter earnings in line with analyst estimates, while revenue outperformed projections, leading to a modest 0.2% increase in its share price after the announcement. The company posted earnings per share of $0.19 for the quarter, matching the consensus forecast. Revenue reached $4.94 billion,…
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First Busey shares climb after Q2 earnings surpass forecasts
Shares of First Busey Corporation (NASDAQ:BUSE) rose 2.9% following the regional bank’s announcement of second-quarter earnings that beat analyst projections, largely driven by strong revenue growth after acquiring CrossFirst Bankshares (NASDAQ:CFB). The bank reported adjusted earnings of $0.63 per share, exceeding the $0.60 consensus estimate. Revenue reached $198.05 million, topping the forecasted $193.73 million and…
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Amphenol shares climb 6% on robust IT datacom-driven Q2 results
Amphenol Corporation (NYSE:APH) saw its shares rise 6% after reporting second-quarter earnings that far surpassed analyst predictions, fueled by outstanding growth in its IT datacom segment. The company posted adjusted earnings per share of $0.81, outperforming the estimated $0.66 by 23%. Revenue surged to $5.7 billion, marking a 57% year-over-year increase and well exceeding the…
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Anebulo Pharmaceuticals shares surge 80% after board approves plan to go private
Shares of Anebulo Pharmaceuticals (NASDAQ:ANEB) jumped 80% following the company’s announcement that its Board of Directors has approved a plan to take the clinical-stage pharmaceutical firm private through a reverse stock split, which would end its status as a public SEC reporting company. The company intends to execute a reverse stock split at a ratio…
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Johnson & Johnson’s Darzalex approved in EU for high-risk smouldering myeloma
Johnson & Johnson (NYSE:JNJ) announced Wednesday that the European Commission has granted approval for its Darzalex subcutaneous formulation to be used as a monotherapy for adults diagnosed with high-risk smouldering multiple myeloma. This approval represents the first treatment option available for this patient group, addressing a significant unmet need in managing the asymptomatic, intermediate stage…
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Freeport-McMoRan surpasses Q2 expectations with boosted copper sales
Freeport-McMoRan (NYSE:FCX) delivered second-quarter earnings and revenue results that outpaced Wall Street forecasts, driven by increased copper production and sales. Despite this, the company’s shares slipped 1% in premarket trading. The U.S.-based mining giant reported adjusted earnings of $0.54 per share, exceeding the average analyst estimate of $0.45. Revenue climbed to $7.58 billion from $5.74…
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Lamb Weston shares jump 6% following strong Q4 earnings and cost-saving plan
Lamb Weston Holdings Inc. (NYSE:LW) saw its stock rise 6% after surpassing expectations for the fourth quarter and unveiling an ambitious strategy to achieve at least $250 million in savings. The company posted adjusted earnings of $0.87 per share for its fiscal Q4, well above analyst estimates of $0.64. Revenue grew 4% year-over-year to $1.68…
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Oklo shares climb following strategic partnership with Liberty Energy
Oklo Inc. (NYSE:OKLO) saw its stock increase by 3% in early trading after unveiling a strategic collaboration with Liberty Energy Inc. (NYSE:LBRT) to create integrated power solutions tailored for customers with high energy demands. The alliance focuses on providing comprehensive power solutions by combining Liberty’s natural gas generation capabilities with Oklo’s cutting-edge nuclear technology. Initially,…