Category: Latest News
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U.S. Stocks Mixed as Investors React to U.S.-EU Trade Deal Ahead of Key Week
U.S. stocks were mixed on Monday as investors took in the news of a new trade agreement between the United States and the European Union, kicking off a crucial week full of earnings reports, economic data, and central bank meetings. As of 9:35 a.m. ET, the Dow Jones Industrial Average was down 10 points (0.1%),…
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Dow Jones, S&P, Nasdaq, U.S. Futures Signal Ongoing Strength as Wall Street Eyes Trade Deals
Futures for major U.S. stock indexes are pointing toward a modestly higher open on Monday, signaling that the recent rally on Wall Street could continue. Investor sentiment has been buoyed by a surprise trade deal reached over the weekend between the U.S. and the European Union, along with indications that the U.S. and China may…
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Mill City shares jump following $450M private placement to build Sui crypto treasury
Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw its stock climb 20% after announcing a $450 million private placement aimed at creating a treasury reserve centered on the Sui blockchain cryptocurrency. The Minnesota-based specialty finance firm intends to allocate roughly 98% of the net proceeds to purchasing SUI tokens, the native currency of the Sui blockchain,…
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BeOne Medicines shares climb following positive EU backing for lung cancer therapy
BeOne Medicines AG (NASDAQ:ONC) saw its stock rise 2.5% in pre-market trading after the European Medicines Agency (EMA) issued a favorable opinion on its cancer drug TEVIMBRA for early-stage lung cancer. The EMA’s Committee for Medicinal Products for Human Use (CHMP) recommended approval of TEVIMBRA (tislelizumab), combined with platinum-based chemotherapy, for adult patients with resectable…
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Upexi shares climb following $500 million equity line agreement
Upexi Inc (NASDAQ:UPXI) saw its stock jump 5.1% in pre-market trading after revealing a new equity line deal with A.G.P./Alliance Global Partners (NYSE:GLP). This agreement allows Upexi to sell up to $500 million of its common shares at its own discretion. With no commitment fees involved, the pact offers Upexi greater flexibility to raise funds…
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Sidus Space shares plunge following public offering pricing
Sidus Space Inc (NASDAQ:SIDU) saw its stock drop sharply by 46.5% in pre-market trading after the space and defense tech firm announced the pricing of a public offering that will notably dilute current shareholders. The company set the price for a best-efforts offering of 7,143,000 shares of Class A common stock at $1.05 each, targeting…
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Maia Biotechnology shares jump after FDA awards Fast Track status
Maia Biotechnology Inc (AMEX:MAIA) saw its stock surge 11.2% in pre-market trading following the announcement that the U.S. Food and Drug Administration (FDA) granted Fast Track designation to its cancer drug ateganosine. This designation, given for the treatment of non-small cell lung cancer (NSCLC), could speed up the drug’s regulatory review process. Ateganosine is currently…
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Stereotaxis shares jump after FDA approves robotic mapping catheter
Shares of Stereotaxis (AMEX:STXS) climbed 12% following the U.S. Food and Drug Administration’s (FDA) 510(k) clearance of its MAGiC Sweep catheter, the first-ever robotically navigated high-density electrophysiology mapping catheter worldwide. The MAGiC Sweep catheter marks a major technological breakthrough in the diagnosis and treatment of complex arrhythmias. Featuring 20 electrodes, the device enables fast and…
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Weekly Outlook: Dow, Nasdaq, and S&P 500 Eye Mag-7 Earnings as August 1 Tariff Deadline Nears
U.S. stock markets ended Friday on a high note, capping a strong week fueled by upbeat corporate earnings and encouraging trade news. The S&P 500 gained 0.40% to close at a new record high of 6,388.64, marking its 14th all-time peak this year. The Nasdaq Composite also reached fresh heights, adding 0.24% to finish at…
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U.S. LNG Stocks Jump After EU Commits to Massive Fuel Purchases in Landmark Deal
Shares of major U.S. liquefied natural gas (LNG) developers surged on Monday morning following the announcement of a sweeping trade agreement in which the European Union agreed to buy $750 billion worth of LNG from the United States over the next three years. The framework deal, unveiled Sunday, commits the EU to annual purchases of…