Category: Latest News
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Bloom Energy shares jump after AEP confirms $2.65bn fuel cell purchase
Shares of Bloom Energy (NYSE:BE) climbed 10% on Thursday after American Electric Power (NASDAQ:AEP) disclosed a $2.65 billion agreement to buy solid oxide fuel cells from the company. In a regulatory filing, AEP said its unregulated subsidiary has entered into an unconditional purchase agreement covering “a substantial portion” of the option it previously announced for…
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Aclarion shares surge after sharp rise in Q4 Nociscan usage
Shares of Aclarion Inc (NASDAQ:ACON) jumped 43.7% in premarket trading on Thursday after the healthcare technology company reported a strong acceleration in scan volumes for its Nociscan platform, which is designed to help physicians pinpoint the source of chronic low back pain. The company said Nociscan scan volumes climbed 114% year over year in the…
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ECD Automotive Design shares jump on talks over possible strategic transactions
Shares of ECD Automotive Design Inc (NASDAQ:ECDA) jumped about 20% in premarket trading on Thursday after the company said it is engaged in discussions around potential strategic transactions valued between $2 million and $10 million. In a filing with regulators, the luxury vehicle restorer disclosed that it began negotiations with a lender on January 6,…
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CorMedix shares slip after unveiling lower revenue outlook for 2026
Shares of CorMedix Inc (NASDAQ:CRMD) dropped about 6% in premarket trading on Thursday after the biopharmaceutical company released its revenue forecast for fiscal 2026, which points to a possible decline compared with the prior year. The Berkeley Heights, New Jersey–based company guided for 2026 revenue of between $300 million and $320 million, including $150 million…
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Acrivon Therapeutics shares slide sharply following mixed oncology trial update
Acrivon Therapeutics Inc (NASDAQ:ACRV) shares tumbled 29.2% on Thursday after the clinical-stage biotechnology company disclosed a mixed set of results from its ongoing cancer studies, which appeared to fall short of investor expectations. The company reported an overall response rate of 39% in its Phase 2b study evaluating ACR-368 as a monotherapy in OncoSignature-positive patients…
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Ardelyx shares climb on robust 2025 sales and confident outlook for 2026
Ardelyx (NASDAQ:ARDX) shares jumped 15% on Thursday after the biopharmaceutical company released preliminary revenue figures for 2025 alongside a positive strategic outlook for the year ahead. The company reported total product revenue of roughly $378 million for 2025, marking an 18% increase year over year. Its flagship therapy, IBSRELA, delivered about $274 million in sales,…
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Babcock & Wilcox shares jump on Siemens Energy deal tied to AI data center project
Shares of Babcock & Wilcox Enterprises Inc (NYSE:BW) surged 19.1% on Thursday after the company revealed a strategic partnership with Siemens Energy to supply steam turbine generator sets for a one-gigawatt power facility supporting an Applied Digital AI Factory. The agreement represents a key milestone in B&W’s previously outlined plan to engineer and deploy four…
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U.S. Productivity surges while labor costs fall
The Labor Department reported on Thursday that U.S. labor productivity rose far more than forecast in the third quarter of 2025. Productivity jumped 4.9% during the quarter, following an upwardly revised 4.1% increase in the second quarter. Economists had expected a more modest gain of 3.6%, compared with the previously reported 3.3% rise. At the…
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U.S. trade gap narrows sharply in October as exports rise and imports fall
New figures released by the Commerce Department on Thursday showed a surprise contraction in the U.S. trade deficit during October, defying expectations for a wider shortfall. According to the report, the trade gap narrowed to $29.4 billion in October, down from a downwardly revised $48.1 billion in September. Economists had anticipated the deficit would widen…
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U.S. jobless claims tick higher in early January
New data from the U.S. Labor Department released on Thursday showed a modest rise in initial unemployment claims during the first week of January, coming in slightly below market expectations. According to the report, first-time claims for jobless benefits increased to 208,000 in the week ended January 3, up by 8,000 from the prior week’s…