Category: Latest News
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Novo Nordisk and United Laboratories report encouraging phase 2 results for diabetes drug UBT251
Novo Nordisk A/S (NYSE:NVO) and The United Laboratories International Holdings Limited said Wednesday that their jointly developed treatment UBT251 delivered strong improvements in blood glucose control and weight reduction in a phase 2 clinical trial involving Chinese patients with type 2 diabetes. The study evaluated UBT251, a triple agonist designed to activate GLP-1, GIP and…
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Terns Pharma stock jumps on report of potential $6B takeover by Merck
Terns Pharmaceuticals (NASDAQ:TERN) shares surged in premarket trading after a report indicated that Merck & Company (NYSE:MRK) is close to agreeing a deal to acquire the biotech firm for roughly $6 billion. According to the Financial Times, the proposed all-cash transaction could be finalized within days and would value Terns at a premium to its…
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Arm shares surge as analysts welcome launch of new AGI processor
Arm Holdings (NASDAQ:ARM) shares climbed about 13% in premarket trading on Wednesday after analysts delivered positive reactions to the company’s newly introduced internally developed processor, describing it as a significant step that could broaden Arm’s business model and strengthen its long-term earnings potential. Analyst Simon Leopold at Raymond James upgraded the stock to Outperform and…
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ADMA Biologics rejects claims made in short-seller report
ADMA Biologics Inc. (NASDAQ:ADMA) has pushed back against allegations contained in a report released by Culper Research on March 24, saying the document includes “misleading, false and inaccurate statements” and relies on “speculative assertions derived from unidentified and unreliable sources.” Culper Research disclosed that it holds a short position in ADMA shares. The firm has…
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UPS launches $100 million logistics hub in Taiwan to support growing tech demand
United Parcel Service (NYSE:UPS) has inaugurated a new $100 million logistics center in Taiwan, its largest facility in the Asia-Pacific region, as demand linked to the technology sector continues to expand. The new hub is located in Taoyuan in northern Taiwan, close to the island’s main international airport. Applied Materials (NASDAQ:AMAT), the largest U.S. producer…
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Zillow unveils AI-powered conversational tool for home search
Zillow Group Inc. (NASDAQ:ZG) has introduced Zillow AI mode, a new conversational search feature designed to help users find homes, receive guidance, and carry out actions such as booking property tours or contacting agents using natural language prompts. The feature is currently being tested in beta with a limited group of users and is expected…
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Gold climbs on softer dollar and lower oil after U.S. peace proposal to Iran
Gold prices advanced during Asian trading on Wednesday, supported by a pullback in oil prices and a slightly weaker U.S. dollar, though gains were restrained by ongoing tensions in the Middle East. Spot gold was last up 1.8% at $4,553.55 an ounce by 03:19 ET (07:19 GMT). U.S. gold futures rose 3.3% to $4,582.70. Iran…
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Oil drops as potential Middle East ceasefire raises hopes of easing supply disruptions
Oil prices declined sharply on Wednesday after reports indicated that the United States had presented Iran with a 15-point proposal intended to bring the Middle East conflict to an end. The news raised expectations of a possible ceasefire that could help reduce disruptions to energy supplies in the region. Brent crude futures dropped $4.17, or…
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U.S. futures climb while oil slips on renewed hopes for Iran peace — key market drivers: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the major U.S. equity indices moved higher early Wednesday, while oil prices fell back below $100 a barrel. Gold edged upward and the U.S. dollar weakened slightly as investors reacted to renewed expectations of a possible resolution to the conflict involving Iran. Washington is reported to have proposed a 15-point plan aimed…
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Early Entry, Outsized Upside: Why it’s Time to Leverage Silver’s Breakout Investment
Early investments in metals mining have a history of delivering strong yields, and one emerging mining company is maximizing the vast potential of Bolivia to bring a jolt of supply to a world hungry for silver. Global demand for silver is surging and shows no sign of easing. However, as the silver market is in…