Category: Latest News
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Jasper Therapeutics Stock Craters After Drug Lot Irregularities Disrupt Clinical Programs
Jasper Therapeutics (NASDAQ:JSPR) saw its shares plummet over 43% in premarket trading on Monday after the biotech firm disclosed manufacturing problems linked to one of its drug product lots, casting uncertainty over key clinical programs. The company revealed that certain dosing groups in its ongoing chronic spontaneous urticaria trial involving the investigational antibody briquilimab may…
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IREN Stock Climbs as Company Hits 50 EH/s Bitcoin Mining Milestone and Expands AI Capabilities
IREN Limited (NASDAQ:IREN) shares climbed 5% on Monday after the tech-driven infrastructure firm announced it had reached its 50 exahash per second (EH/s) Bitcoin mining goal ahead of schedule and made significant strides in expanding its AI cloud fleet. The company reported a record month for mining revenue in June, generating $65.5 million, a slight…
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KalVista Shares Surge Following FDA Nod for First Oral Hereditary Angioedema Treatment
KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) saw its stock soar by 19% after receiving FDA approval for EKTERLY (sebetralstat)—the first oral, on-demand treatment for hereditary angioedema (HAE), a rare and potentially life-threatening genetic condition. The green light from regulators represents a major breakthrough for HAE patients, who until now had no alternative to injectable therapies for managing…
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Rocket Lab Shares Gain as Political Rift Between Musk and Trump Fuels Sector Shift
Rocket Lab USA Inc. (NASDAQ:RKLB) saw its stock climb 3% in Monday’s pre-market session, as investors showed renewed interest in SpaceX rivals amid a deepening public feud between Elon Musk and President Donald Trump. The boost in Rocket Lab shares comes as Tesla Inc. (NASDAQ:TSLA) dropped nearly 7% after Musk revealed plans over the weekend…
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Sandstorm Gold Shares Climb After Royal Gold Announces $3.5 Billion Acquisition Deal
Sandstorm Gold Ltd. (NYSE:SAND) saw its stock rise by 7% on Monday following news that Royal Gold Inc. (NASDAQ:RGLD) will acquire both Sandstorm and Horizon Copper, in a major consolidation move aimed at expanding Royal Gold’s footprint in the North American gold streaming and royalty sector. In the announced all-stock deal, Royal Gold will acquire…
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Cogent Biosciences Jumps 10% After Bezuclastinib Trial Delivers Strong Results
Shares of Cogent Biosciences Inc. (NASDAQ:COGT) climbed 10% on Monday following the release of highly promising top-line data from its SUMMIT trial, evaluating bezuclastinib in patients with non-advanced systemic mastocytosis (NonAdvSM). According to the company, the experimental therapy achieved statistically significant results across all primary and key secondary endpoints. At week 24, patients receiving bezuclastinib…
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Apogee Therapeutics Shares Surge After Promising Eczema Drug Trial Results
Shares of Apogee Therapeutics Inc. (NASDAQ:APGE) soared 24% in Monday’s session following encouraging results from its Phase 2 APEX trial evaluating APG777, a novel treatment for moderate-to-severe atopic dermatitis. The biotech company revealed that APG777, an experimental anti-IL-13 antibody, achieved its primary and key secondary goals after 16 weeks of treatment. Patients receiving the drug…
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Private Prison Stocks Surge Following Approval of Expanded Detention Funding
Shares of private prison operators Geo Group (NYSE:GEO) and CoreCivic (NYSE:CXW) climbed sharply in early trading Monday after Congress approved a sweeping tax and spending package championed by President Donald Trump, which includes a major boost in funding for immigrant detention facilities. By 06:23 ET (10:23 GMT), Geo Group shares had surged as much as…
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Tesla Shares Tumble After Elon Musk Announces New ‘America Party’
Tesla’s stock (NASDAQ:TSLA) took a steep dive Monday morning following CEO Elon Musk’s announcement of his plan to launch a new political organization called the “America Party.” Investors reacted with concern over whether Musk’s political pursuits might distract him from leading Tesla’s core operations. Pre-market trading showed shares plunging more than 7%, with the price…
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Dollar Edges Higher as Markets Brace for Trump’s Trade Tariff Deadline
The U.S. dollar made modest gains on Monday, kicking off the week with cautious trading as investors prepare for potential market fluctuations tied to looming trade developments. With the July 9 deadline for the Trump administration’s tariff pause rapidly approaching, traders remain alert for signs of volatility. By 04:05 ET (08:05 GMT), the Dollar Index,…