Category: Latest News
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United Airlines, American Shares Gain on Report of Potential Merger Discussions
Shares of United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) moved higher after reports that United’s CEO Scott Kirby has raised the prospect of a combination between the two carriers. According to Bloomberg, citing sources familiar with the matter, Kirby discussed the idea with senior U.S. government officials. It remains unclear whether any formal process toward…
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Novo Nordisk Teams Up With OpenAI to Accelerate Drug Development
Novo Nordisk (NYSE:NVO) said Tuesday it has entered into a strategic collaboration with OpenAI to deploy advanced artificial intelligence tools across its business, spanning drug discovery through to commercial operations. The Danish pharmaceutical group said the partnership will support the analysis of complex datasets, help identify potential drug candidates, and shorten the timeline from early-stage…
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Globalstar Jumps 16% on Reported Amazon Deal Talks to Challenge Starlink
Shares of Globalstar Inc (NASDAQ:GSAT) surged after reports that Amazon (NASDAQ:AMZN) is in advanced negotiations to acquire the satellite operator, as part of efforts to compete with SpaceX’s Starlink network. According to Bloomberg, which cited sources familiar with the matter, a deal could be announced as early as Tuesday. Globalstar stock jumped 15.7% in premarket…
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SemiLEDs Sees Q2 Revenue Slide 58% as Equipment Orders Slow
SemiLEDs Corporation (NASDAQ:LEDS) reported a sharp drop in fiscal second-quarter revenue, down 58% from the previous quarter, largely due to weaker demand for equipment. The U.S.-based LED chip manufacturer generated $1.06 million in revenue during the period. Net loss narrowed to $603,000 from $742,000 in the prior quarter, with earnings per share reported at negative…
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Oil Slips as Supply Fears Ease on Renewed U.S.-Iran Dialogue Hopes
Oil prices moved lower during Tuesday’s Asian session as concerns over supply disruptions linked to the U.S. blockade of the Strait of Hormuz eased, with markets encouraged by signs that diplomatic talks between Washington and Tehran could resume. Brent crude futures fell by 76 cents, or 0.8%, to $98.57 by 06:01 GMT, while U.S. West…
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Gold Edges Higher but Remains Rangebound as Focus Turns to Iran Blockade and U.S. Inflation
Gold prices moved slightly higher on Tuesday but continued to trade within a narrow band, as investors assessed the implications of a U.S. naval blockade on Iran while also awaiting fresh inflation data from the United States. Despite the modest gains, bullion has largely stayed within the same range seen over the past week, with…
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Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures edged higher on Tuesday, while oil prices declined, as investors reacted to signs of potential progress in efforts to end the Iran conflict. However, a continued U.S. blockade of Iranian ports into a second day has added tension, further disrupting shipments through the Strait of Hormuz. Meanwhile, a wave of major U.S.…
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Stocks Rally to Best Levels Since Iran War Began as Trump Signals Deal Still Alive
U.S. stocks surged on Monday, closing at session highs after President Donald Trump said Iran still wanted to make a deal following a deadlock in peace talks. The comments helped ease investor anxiety over the ongoing Strait of Hormuz blockade, which had sent oil prices sharply higher earlier in the session. Despite crude topping $100…
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ANI Pharmaceuticals rolls out generic carbamazepine extended-release capsules
ANI Pharmaceuticals Inc (NASDAQ:ANIP) announced the launch of Carbamazepine Extended-Release Capsules in 100 mg, 200 mg, and 300 mg doses, according to a company statement. The product is a generic alternative to the branded drug Carbatrol. Annual U.S. sales for carbamazepine extended-release capsules are estimated at around $65 million, based on IQVIA data for the…
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Aeluma lands over $4M in U.S. government contracts to advance photonics platform
Aeluma Inc (NASDAQ:ALMU) said it has secured more than $4 million in contracts from the U.S. government to expand its semiconductor heterogeneous integration platform for quantum technologies and high-speed data communications. The funding will support the development of quantum dot lasers and quantum nonlinear materials. Aeluma will collaborate with manufacturing partners Tower Semiconductor and Sumitomo…