Category: Latest News
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Ventyx Biosciences Holds Steady Despite Encouraging Early Parkinson’s Trial Results
Shares of Ventyx Biosciences (NASDAQ:VTYX) traded flat on Tuesday, even after the company released promising top-line results from a Phase 2a trial evaluating its investigational drug VTX3232 in patients with early-stage Parkinson’s disease. The biotech firm announced that the study successfully met its primary goal of establishing the drug’s safety and tolerability. Importantly, no treatment-emergent…
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T-Mobile Shares Slip After SoftBank Offloads $4.8 Billion Stake to Fuel AI Push
T-Mobile US (NASDAQ:TMUS) saw its shares drop by nearly 4.75% after Japan’s SoftBank Group (TYO: 9984) sold a significant portion of its holdings in the telecom giant. The move comes as the Tokyo-based conglomerate ramps up efforts to bankroll its growing ambitions in artificial intelligence. According to a Bloomberg report, SoftBank offloaded approximately 21.5 million…
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Dow Jones, S&P, Nasdaq, Markets React to Middle East Tensions, US Retail Data, and Bank of Japan Policy Shift
U.S. stock futures edged lower on Tuesday as investors grew cautious amid escalating hostilities between Israel and Iran. While hopes for a ceasefire remain alive, behind-the-scenes talks reportedly continue, including possible discussions between American officials and Tehran. Meanwhile, President Donald Trump left the G7 summit in Canada earlier than expected, dismissing speculation that his departure…
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Lennar Reports Mixed Q2 Results, Issues In-Line Gross Margin Outlook; Stock Rises
Lennar Corporation (NYSE:LEN) reported second-quarter earnings that missed analyst expectations, while revenue exceeded estimates. The company’s gross margin forecast came roughly in line with projections. Following the release, Lennar’s shares rose over 2% in premarket trading on Tuesday. For the quarter ended May 31, Lennar posted adjusted earnings per share of $1.90, slightly below the…
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Renewable Energy Stocks Decline as Senate Pushes for Earlier End to Wind and Solar Tax Incentives
Shares in solar and renewable energy companies across the U.S. and Europe fell sharply on Tuesday following a Senate Republican proposal aimed at speeding up the phase-out of tax credits for wind and solar energy projects. The move disappointed clean energy advocates who had anticipated more generous support compared to the earlier cuts approved by…
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Gold Prices Hover Below $3,400/oz Amid Mixed Signals from Middle East and U.S. Fed Watch
During Tuesday’s Asian trading session, gold prices held steady just under the $3,400 per ounce level as investors absorbed conflicting developments related to the Israel-Iran conflict and awaited guidance from the U.S. Federal Reserve. Spot gold edged up slightly by 0.2% to $3,392.25 per ounce, while August gold futures slipped 0.2% to $3,410.70 as of…
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U.S. Stocks Show Strong Move Back To The Upside After Last Friday’s Sell-Off
After moving sharply higher early in the session, stocks gave back some ground over the course of the trading day on Monday but continued to turn in a strong performance. With the upward move, the markets largely offset the steep losses seen during Friday’s session. The major averages all ended the day firmly in positive…
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Dow Jones Rebounds on Hope for Easing Middle East Tensions
The Dow Jones Industrial Average gained about 350 points on Monday, buoyed by hopes of easing tensions in the Israel-Iran conflict. Investor optimism stems from reports of potential peace talks, despite conflicting statements from Iranian media. Nonetheless, ongoing trade concerns continue to suppress overall bullish momentum. The Federal Reserve is anticipated to maintain interest rates…
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The Trade Desk Shares Slip on Worries Over Amazon-Roku Advertising Alliance
Shares of The Trade Desk (NASDAQ:TTD) dropped 3% on Monday after investors weighed the implications of a new advertising collaboration between Amazon Ads (NASDAQ:AMZN) and Roku (NASDAQ:ROKU), which could intensify competition in the connected TV (CTV) ad space. Under the new partnership, Amazon and Roku are joining forces to build what they call the largest…
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Trump Media Submits Draft Filing for Bitcoin and Ethereum ETF
Trump Media & Technology Group Corp. (NASDAQ:DJT), the parent company of Truth Social, has submitted a preliminary registration statement to the U.S. Securities and Exchange Commission (SEC) for a new cryptocurrency exchange-traded fund (ETF), the company announced Monday. The proposed fund, named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), will directly hold digital…