Category: Latest News
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Monogram Technologies Shares Surge After Zimmer Biomet Announces Acquisition
Shares of Monogram Technologies (NASDAQ:MGRM) jumped 60% following news that Zimmer Biomet (NYSE:ZBH) has agreed to acquire the orthopedic robotics firm in a deal valued at approximately $177 million in equity. Per the agreement, Zimmer Biomet will purchase all outstanding Monogram shares for $4.04 in cash each. In addition, Monogram shareholders will receive a non-tradeable…
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Huntington Bancshares to Expand Texas Presence with $1.9 Billion Veritex Merger
Huntington Bancshares (NASDAQ:HBAN) has announced a definitive agreement to merge with Veritex Holdings (NASDAQ:VBTX) in an all-stock deal valued at $1.9 billion, marking a strategic move to strengthen its presence in the Texas banking market—particularly in Dallas, Fort Worth, and Houston. According to the terms of the agreement, Veritex shareholders will receive 1.95 shares of…
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U.S. Stocks Dip as Trump Escalates Trade War; CPI and Earnings in Spotlight
U.S. stocks slipped Monday as investors reacted to renewed trade tensions, after President Donald Trump announced 30% tariffs on imports from Mexico and the European Union—heightening concerns over an expanding trade war. As of 09:35 ET, the Dow Jones Industrial Average was down 80 points, or 0.2%. The S&P 500 declined 10 points, or 0.1%,…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Suggest Continued Decline Amid Trade Tensions
Futures for major U.S. stock indices point to a lower open on Monday, indicating that Wall Street could extend the losses experienced in last Friday’s session. The markets remain unsettled due to President Donald Trump’s escalating trade disputes, following his recent letters to leaders of the European Union and Mexico threatening a 30 percent tariff…
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Why Has the S&P 500 Shown Resilience Despite New Tariff Announcements?
U.S. stocks have remained steady amid ongoing trade tensions and new tariff declarations, even reaching record highs last week. According to Morgan Stanley, this durability reflects investors’ cautious approach to risk, supported by several cushioning factors. Firstly, the direct cost impact from the recent tariff announcements remains relatively limited for most S&P 500 sectors. “Import…
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Autodesk Shares Climb After Dropping Plans to Acquire PTC
Shares of Autodesk (NASDAQ:ADSK) jumped 6% following reports that the company has decided to halt its efforts to acquire PTC Inc. (NASDAQ:PTC). The San Rafael-based software giant has reportedly stepped back from what would have been a significant cash-and-stock deal with PTC, which currently has a market value of $23.2 billion, compared to Autodesk’s $60…
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MiNK Therapeutics Shares Drop Sharply Following William Blair Downgrade
Shares of MiNK Therapeutics (NASDAQ:INKT) tumbled 30% on Monday, erasing a large portion of the 730% surge seen on Friday after the company’s stock was downgraded by William Blair. The steep rally last week pushed the stock to $64.17 after MiNK announced a publication in Nature’s Oncogene highlighting a complete remission in a testicular cancer…
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Sonnet BioTherapeutics Shares Surge 290% Following $888 Million Crypto Merger
Sonnet BioTherapeutics (NASDAQ:SONN) saw its stock soar by 290% after announcing an $888 million business combination that will pivot the company into a cryptocurrency treasury focused on HYPE tokens. The biopharmaceutical firm has signed a definitive agreement with Rorschach I LLC, a newly formed entity backed by Atlas Merchant Capital and Paradigm Operations LP, to…
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Fastenal Shares Climb as Q2 Earnings Surpass Expectations Driven by Contract Growth
Shares of Fastenal Company (NASDAQ:FAST) gained over 3% in premarket trading Monday after the industrial and construction supplies distributor announced better-than-expected results for the second quarter, propelled by stronger customer contract signings and effective pricing strategies. The Winona, Minnesota-based firm reported adjusted earnings per share of $0.29 for the quarter ending June 30, 2025, narrowly…
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Waters Shares Dip After $17.5 Billion Merger Announcement with BD Biosciences Unit
Shares of Waters Corporation (NYSE:WAT) declined 2.2% following the announcement of a $17.5 billion Reverse Morris Trust deal to merge with Becton Dickinson’s (NYSE:BDX) Biosciences & Diagnostic Solutions division. BD’s stock also dropped 2.1% after the news broke. Under the terms of the transaction, Becton Dickinson will receive about $4 billion in cash before the…