Category: Latest News
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Immunome Shares Jump on Strong Phase 3 Data for Desmoid Tumor Therapy
Immunome (NASDAQ:IMNM) shares soared about 30% after the biotech group reported encouraging topline findings from its Phase 3 RINGSIDE study evaluating varegacestat in patients with desmoid tumors. The pivotal trial achieved its primary endpoint, showing a statistically meaningful improvement in progression-free survival versus placebo. Results indicated an 84% reduction in the risk of disease progression…
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ServiceNow Shares Slide on Reports of Possible $7bn Armis Acquisition
Shares in ServiceNow (NYSE:NOW) moved lower in pre-market trading on Monday after reports emerged that the company is holding advanced discussions to buy cybersecurity firm Armis in a deal that could be valued at as much as $7 billion. According to a Bloomberg News report citing people familiar with the situation, an announcement could come…
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In the chair with bp’s Craig Marshall: From bp’s biggest find in 25 years to value creation
In this interview, Craig Marshall, head of investor relations at bp (NYSE:BP), provides investors with a comprehensive update on the company’s strategic transformation and operational momentum. Following bp’s February 2025 strategy update, Craig addresses the disciplined capital reallocation, with oil and gas investment up 20% and transition spending down 70%. He also outlines management’s ambitious targets…
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Google Secures Solar Power Supply in Malaysia, Report Says
Google, part of Alphabet (NASDAQ:GOOGL), has reached an agreement to source solar energy in Malaysia, advancing its strategy to power global operations with clean electricity, according to a Bloomberg report published Monday. The deal involves Google purchasing power from a 30-megawatt solar facility in the state of Kedah. The project is being developed by a…
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iRobot Enters Chapter 11 as Picea Moves to Take Over Roomba Maker
iRobot (NASDAQ:IRBT), the company behind the Roomba line of robotic vacuum cleaners, has filed for Chapter 11 bankruptcy protection and reached a restructuring agreement with its secured lender and key manufacturing partners, Shenzhen PICEA Robotics and Santrum Hong Kong. As part of the deal, Picea is set to acquire iRobot through a court-supervised transaction. The…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures inch up as markets brace for key data and global rate decisions
Futures linked to the main U.S. equity benchmarks were modestly higher, with investors preparing for a week packed with potential market-moving events. The agenda includes multiple interest rate decisions from central banks around the world, alongside the release of U.S. economic data that had been postponed due to a prolonged federal government shutdown. Elsewhere, renewed…
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Successful Air Business, Birchtech, to Lay Foundation for Commercial Water Treatment Expansion
In this episode of The Capital Compass, Ricki Lee sits down with Birchtech Corp. (TSX:BCHT) (USOTC:BCHT), an environmental technology company best known for its long-running air purification business that removes mercury from power plant emissions. With the company now reporting strong third-quarter results, securing $0.9 million in new purchase orders from a major U.S. utility, and…
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How to Navigate Holiday Conversations About the Economy
Holiday gatherings often double as informal economic roundtables, and this year is likely to be no exception. In a recent note, Bank of America analyst Aditya Bhave cautioned that the dinner table may feature plenty of “cold weather [and] heated debates,” as relatives probe into inflation, housing, jobs, and the Federal Reserve. To help defuse…
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Morgan Stanley Shares Its Copper Price Outlook for 2026
Copper prices are likely to stay well supported next year, driven by tightening supply conditions and signs that U.S. import demand is picking back up, Morgan Stanley said in a recent research note. The bank highlights that accelerating demand from energy storage systems (ESS) and ongoing capacity growth in data centers should help counterbalance softness…
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Tech Sell-Off Leads To Significant Weakness On Wall Street
Following the mixed performance seen during Thursday’s session, stocks showed a significant move to the downside during trading on Friday. The major averages all moved lower, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages ended the day off their worst levels of the session but still in negative territory. The Nasdaq…