Category: Latest News
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Commerce Bancshares to Acquire FineMark in $585 Million All-Stock Merger
Commerce Bancshares (NASDAQ:CBSH) announced Monday it will acquire Florida-based FineMark Holdings in an all-stock transaction worth approximately $585 million. The move reflects a broader trend of consolidation among U.S. regional banks as institutions seek to scale operations amid increasing costs tied to technology upgrades and regulatory compliance. Under the agreement, FineMark shareholders will receive 0.69…
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Meta Shares Rise on Plans to Introduce Ads to WhatsApp
Meta Platforms (NASDAQ:META) saw its shares rise by 2.8% in pre-market trading following its announcement that advertisements will soon be introduced on WhatsApp—a first for the messaging platform. This marks a major step toward monetizing one of Meta’s most widely used services. The new ad placements will appear in WhatsApp’s “Updates” tab, which is accessed…
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New York Manufacturing Activity Falls For Fourth Month
According to a report released by the Federal Reserve Bank of New York on Monday, New York manufacturing activity fell for a fourth consecutive month in June. The New York Fed said its general business conditions index slid to a negative 16.0 in June from a negative 9.2 in May, with a negative reading indicating…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. Traders may look to pick up stocks at somewhat reduced levels following the previous session’s nosedive, which came after Israel launched a…
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TMC Shares Climb on $85.2M Investment Deal with Korea Zinc
Battery metals exploration company TMC (NASDAQ:TMC) saw its shares rise as much as 14% in premarket trading following news of an $85.2 million strategic investment from Korea Zinc. The investment, made through a private placement of common stock and warrants, grants Korea Zinc a 5% equity stake in TMC. Under the terms of the agreement,…
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Sage Therapeutics Stock Jumps 36% on Supernus Acquisition Announcement
Sage Therapeutics saw its shares surge by 36% in premarket trading Monday, reaching $9.06, after Supernus Pharmaceuticals (NASDAQ:SUPN) announced plans to acquire the neuroscience-focused biotech firm. The deal values Sage at up to $12 per share, according to details disclosed by the companies. Meanwhile, elsewhere in the biotech sector, Sarepta Therapeutics (NASDAQ:SRPT) shares slipped in…
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SharpLink Gaming Shares Bounce Back with 19% Surge After Steep Selloff
Shares of SharpLink Gaming Inc. (NASDAQ:SBET) climbed 19% in Monday’s premarket session, offering a partial rebound after a dramatic 72% plunge last Friday. The selloff was triggered by the company’s filing related to a private investment in public equity (PIPE), which some investors misinterpreted. The company’s chairman, Joseph Lubin—who is also known as a co-founder…
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EchoStar Shares Surge 45% Following Trump’s Involvement in FCC Spectrum Dispute
EchoStar Corp. (NASDAQ:SATS) saw its stock skyrocket by 45% after former President Donald Trump reportedly stepped in to mediate a contentious standoff between the company and the Federal Communications Commission (FCC) over high-value spectrum licenses. According to Bloomberg, Trump intervened in an escalating conflict between EchoStar Chairman Charlie Ergen and FCC Commissioner Brendan Carr. The…
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Warner Bros Discovery Bondholders Approve Major Restructuring Plan
Warner Bros Discovery (NASDAQ:WBD) announced Monday that its bondholders have largely approved a strategic plan to split the company and implement a revised capital structure tied to the proposed separation. The approved measures clear the way for the entertainment giant to divide itself into two distinct publicly traded entities. The separation would isolate its content-producing…
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U.S. Premarket Movers: Tesla, Meta, Eli Lilly Gain; Sarepta Plunges on Safety Concerns
U.S. stock futures climbed on Monday morning, bouncing back from last week’s losses that were driven by mounting geopolitical tensions. Investors are also turning their attention to this week’s Federal Reserve policy meeting for clues on the direction of interest rates. Here’s a look at notable premarket stock movers: