Category: Latest News

  • Stock Market Closes Higher on Israel-Iran Ceasefire, Powell’s Remarks

    Stock Market Closes Higher on Israel-Iran Ceasefire, Powell’s Remarks

    U.S. stocks ended higher on Tuesday, buoyed by easing geopolitical tensions in the Middle East and comments from Federal Reserve Chair Jerome Powell that left the door open for potential interest rate cuts. By the close of trading at 4:00 p.m. ET, the Dow Jones Industrial Average rose 536 points, or 1.3%, while the S&P…

  • News Of Israel-Iran Ceasefire Leads To Extended Rally On Wall Street

    News Of Israel-Iran Ceasefire Leads To Extended Rally On Wall Street

    Stocks moved sharply higher during trading on Tuesday, extending the strong upward move seen over the course of the previous session. With the continued advanced, the major averages reached their best closing levels in four months. The major averages pulled back off their best levels going into the close but remained firmly positive. The Nasdaq…

  • Envirotech Unveils Ambitious Plan for Electric Mobility Across Land, Air, and Sea

    Envirotech Unveils Ambitious Plan for Electric Mobility Across Land, Air, and Sea

    HOUSTON, TEXAS — Envirotech Vehicles, Inc. (NASDAQ: EVTV) is setting its sights on a future that goes far beyond electric buses and delivery vans. The Houston-based company announced today an expansive new strategy to create a unified electric mobility ecosystem that spans land, air, and sea. The move signals Envirotech’s entry into a wider array…

  • TD SYNNEX Beats Estimates For Q2 but Shares Drop 2%

    TD SYNNEX Beats Estimates For Q2 but Shares Drop 2%

    TD SYNNEX Corp. (NYSE:SNX) reported stronger-than-expected results for the second quarter on Tuesday, yet its shares fell 2% in response. The IT distributor posted adjusted earnings per share (EPS) of $2.99, beating analyst expectations of $2.71. Revenue rose 7.2% year-over-year to $14.95 billion, surpassing the forecasted $14.3 billion. “Our Q2 results demonstrate the continued strength…

  • BlackSky Stock Jumps 6% After Securing $24 Million NGA Monitoring Contract

    BlackSky Stock Jumps 6% After Securing $24 Million NGA Monitoring Contract

    BlackSky Technology Inc. (NYSE:BKSY) shares climbed 6% following the award of a delivery order valued at over $24 million from the National Geospatial-Intelligence Agency (NGA) for facility operational monitoring services. The four-year contract requires BlackSky to provide AI-enabled object detection and pattern-of-life change monitoring at military and economic facilities worldwide. The company has already received…

  • OS Therapies Stock Surges 12.4% After Positive FDA Feedback on OST-HER2

    OS Therapies Stock Surges 12.4% After Positive FDA Feedback on OST-HER2

    OS Therapies Inc (NYSE-A:OSTX) shares jumped 12.4% following favorable feedback from the FDA regarding its OST-HER2 treatment for osteosarcoma. The clinical-stage biopharmaceutical company announced it received positive written input from a mid-June FDA Type D Meeting concerning the endpoints needed to support an Accelerated Approval Program marketing application for its Phase 2b trial. This trial…

  • Amarin Stock Surges 11% After $25 Million Licensing Deal with Recordati

    Amarin Stock Surges 11% After $25 Million Licensing Deal with Recordati

    Amarin Corporation PLC (NASDAQ:AMRN) shares jumped 11% following the announcement of an exclusive long-term licensing and supply agreement with Italian pharmaceutical company Recordati S.p.A. (BIT: RECI) for its cardiovascular drug VAZKEPA in Europe. As part of the deal, Amarin will receive $25 million upfront, with the potential to earn up to $150 million in milestone…

  • iBio Stock Surges 50% After Promising Preclinical Data on Amylin Receptor Antibody

    iBio Stock Surges 50% After Promising Preclinical Data on Amylin Receptor Antibody

    iBio Inc (NASDAQ:IBIO) shares jumped 50% following the announcement of preclinical results showing its engineered amylin receptor agonist antibody reduced acute food intake by 60% in a mouse model of obesity. The AI-driven biotech company revealed that its partnership with AstralBio has produced multiple novel engineered antibody agonists targeting the amylin receptor, a heterodimeric G…

  • Krispy Kreme Stock Declines After Ending Partnership with McDonald’s

    Krispy Kreme Stock Declines After Ending Partnership with McDonald’s

    Krispy Kreme, Inc. (NASDAQ:DNUT) shares dropped as much as 7% before recovering slightly to close down 4% on Tuesday, following the announcement that the doughnut company and McDonald’s USA (NYSE:MCD) will end their partnership effective July 2, 2025. The two companies said the decision was mutual after determining the business model was not financially sustainable…

  • Nektar Therapeutics Shares Surge 140% After Atopic Dermatitis Drug Meets Key Study Goals

    Nektar Therapeutics Shares Surge 140% After Atopic Dermatitis Drug Meets Key Study Goals

    Nektar Therapeutics (NASDAQ:NKTR) saw its stock soar 140% following promising Phase 2b trial results for its experimental treatment rezpegaldesleukin in moderate-to-severe atopic dermatitis. The biotech company reported that all three dosage groups of rezpegaldesleukin achieved statistically significant improvements in the primary endpoint, which measured the average percentage change in EASI scores at week 16 versus…