Category: Latest News
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Zscaler Stock Drops Following Announcement of $1.5 Billion Convertible Bond Offering
Shares of Zscaler (NASDAQ:ZS) declined over 3% in premarket trading Monday after the cloud security company revealed plans to raise $1.5 billion by issuing convertible bonds with a three-year maturity. The firm intends to use part of the proceeds to purchase capped calls—financial instruments that help limit dilution risk when bonds convert to shares. The…
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INmune Bio Shares Collapse After Mixed Results from Alzheimer’s Drug Trial
INmune Bio Inc. (NASDAQ:INMB) saw its stock plunge 60% in premarket trading Monday, following the release of mixed data from its Phase 2 MINDFuL trial evaluating XPro, a therapy aimed at treating early-stage Alzheimer’s disease. The biotech company, which specializes in immunological approaches to neurodegenerative conditions, disclosed that XPro did not achieve the primary endpoint…
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Unicycive Shares Sink After FDA Issues Response Letter on Kidney Drug Filing
Unicycive Therapeutics Inc (NASDAQ:UNCY) saw its shares plunge 26% in early trading after the U.S. Food and Drug Administration (FDA) issued a Complete Response Letter (CRL) regarding the company’s application for Oxylanthanum Carbonate (OLC), a treatment for hyperphosphatemia in patients undergoing dialysis for chronic kidney disease. According to the company, the FDA’s rejection was not…
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Palantir Shares Bounce Back After Index-Driven Selloff, Gains Boost From AI Deal
Palantir Technologies Inc (NASDAQ:PLTR) climbed 5% in premarket trading Monday, rebounding after a sharp 11% decline last Friday that was tied to technical market movements caused by FTSE Russell’s annual index reshuffling. The stock’s comeback was fueled not only by a general uplift in the tech sector—driven by renewed optimism over U.S. trade negotiations—but also…
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Gilead Advances After Supreme Court Backs Preventive Care Coverage Under ACA
Gilead Sciences (NASDAQ:GILD) continued to rally in early Monday trading, building on Friday’s 2.8% gain, following a significant U.S. Supreme Court decision that upheld a central piece of the Affordable Care Act (ACA). The ruling ensures that insurers must continue covering preventive healthcare services—such as HIV prevention medications and cancer screenings—without passing additional costs to…
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Hospital Stocks Slip After Senate Bill Raises New Revenue Concerns
Shares of major U.S. hospital operators came under pressure in premarket trading Monday, after a fresh analysis from Bank of America (BofA) suggested that the Senate’s newly revised reconciliation bill could pose greater financial risks to the sector than previously expected. The updated legislation, which passed the Senate on June 28, includes provisions that reintroduce…
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U.S. Bank Stocks Climb as Fed Stress Test Signals Lighter Regulatory Outlook
Shares of major U.S. banks advanced on Monday following the release of the Federal Reserve’s latest stress test results, which market analysts view as a turning point toward a more stable and transparent regulatory environment. Before markets opened, several top financial institutions posted gains: Goldman Sachs (NYSE:GS) rose 2.4%, JPMorgan Chase (NYSE:JPM) added 0.6%, Wells…
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U.S. Stocks Climb in Premarket as Fed Easing Hopes, Trade Talks Drive Sentiment
U.S. stock futures moved higher Monday morning, buoyed by renewed optimism around global trade negotiations and growing expectations of interest rate cuts from the Federal Reserve. Several major names were active ahead of the opening bell, with tech, finance, and automotive sectors all making headlines. Notable Premarket Movers:
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Tesla Introduces First V4 Superchargers in China, Boosting EV Charging Coverage
Tesla (NASDAQ:TSLA) has officially launched its latest V4 supercharger stations in China, the company announced Monday. The initial deployment covers several key locations including Shanghai, Chongqing, Gansu, and Zhejiang provinces. Looking ahead, Tesla aims to expand its V4 charging network to additional strategic areas such as Beijing and Guangdong. A significant feature of these new…
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Dow Jones, S&P, Nasdaq Futures Climb as Canada Drops Digital Tax and U.S. Senate Considers Major Economic Plan
U.S. stock futures rose Monday, boosted by Canada’s unexpected decision to cancel a controversial digital services tax. Meanwhile, the Republican-led U.S. Senate began debating a sweeping tax and spending bill supported by former President Donald Trump. In Asia, China’s manufacturing sector showed a softer-than-expected contraction, easing worries about global economic growth. Markets Poised for a…