Category: Latest News
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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,…
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Apple unveils AppleCare One, an insurance plan covering up to three devices
Apple Inc. (NASDAQ:AAPL) announced the launch of AppleCare One, a new subscription insurance service that protects up to three devices for $20 per month. The plan includes battery replacements, 24/7 customer support, and coverage for accidental damage such as drops and spills. Customers wishing to add more devices beyond the initial three can do so…
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Precision BioSciences shares climb after FDA grants orphan drug status
Precision BioSciences (NASDAQ:DTIL) saw its stock rise 5% following the announcement that the U.S. Food and Drug Administration (FDA) awarded Orphan Drug Designation to its PBGENE-DMD therapy for Duchenne muscular dystrophy (DMD). The clinical-stage gene editing company, which uses its proprietary ARCUS platform, earned the designation for its potential to treat DMD, a rare genetic…
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WEBUY stock jumps 30% after teaming up to launch stablecoin payment solutions
Shares of WEBUY GLOBAL LTD. (NASDAQ:WBUY) soared 30% following the announcement of a new partnership with Victory Securities to develop stablecoin payment systems for its international travel and e-commerce services. The Southeast Asian tech company specializing in e-commerce and travel plans to work closely with Hong Kong’s Victory Securities, a regulated financial services firm, to…
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Krispy Kreme and GoPro surge as meme stock rally continues
Shares of heavily shorted stocks jumped in Wednesday premarket trading as the recent meme stock revival spread to more names. Doughnut chain Krispy Kreme (NASDAQ:DNUT) surged 33%, following nearly a 27% gain on Tuesday. Recent data from multiple sources shows that between 15% and 30% of Krispy Kreme’s tradable shares are currently shorted. Camera maker…