Category: Latest News
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Nasdaq, S&P 500 Climb To Best Closing Levels In Over Three Months
After recovering from early weakness to end Monday’s session mostly higher, stocks saw further upside during trading on Tuesday. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in over three months. The major averages ended the day off their highs of the session but still firmly positive.…
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Kratos Shares Gain on Strategic Alliance with GE Aerospace for Next-Gen Propulsion
Kratos Defense & Security Solutions (NASDAQ:KTOS) saw its shares rise 1.6% after announcing a formal partnership with GE Aerospace (NYSE:GE) aimed at developing next-generation propulsion technologies for unmanned and collaborative combat aircraft systems. Building on an earlier Memorandum of Understanding, the new teaming agreement formalizes collaboration between the two companies to co-develop and produce cost-effective,…
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Kenvue Shares Drop Amid Sluggish Seasonal Sales and Retail Headwinds
Kenvue Inc. (NYSE:KVUE) saw its stock decline by 5.3% after CEO Thibaut Mongon shared a cautious outlook during the dbAccess Global Consumer Conference, citing underwhelming seasonal demand and retail de-stocking as key concerns. Mongon noted that the company’s allergy and sun care products have seen a weaker-than-expected performance so far this year, largely due to…
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Incyte Shares Jump After EHA Conference Accepts Key Research Presentations
Incyte Corporation (NASDAQ:INCY) saw its stock surge 7% after the company announced that multiple research presentations, including late-breaking clinical data, have been accepted for the upcoming European Hematology Association (EHA) Annual Congress. Among the highlights is a highly anticipated oral presentation revealing new findings on INCA033989, a monoclonal antibody targeting mutant calreticulin (mutCALR), in patients…
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Gilat Shares Rise After Securing $40M Deal for Advanced Satellite Platform
Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw its shares climb 6.8% after the company announced a $40 million contract win for its next-generation SkyEdge IV platform. The deal, to be fulfilled over the next two years, marks a major milestone in Gilat’s transition toward virtualized satellite infrastructure and next-gen 5G Non-Terrestrial Networks (NTN). The SkyEdge IV…
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Northern Dynasty Shares Surge After $12M Royalty Payment and Deal Extension
Shares of Northern Dynasty Minerals Ltd. (AMEX:NAK) jumped 10.8% after the company announced the receipt of a $12 million royalty installment linked to its Pebble Project in Alaska. The payment marks a significant milestone in the company’s financing strategy and came alongside revised terms that provide more flexibility for future funding. The $12 million represents…
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Guardant Health Shares Climb on FDA Breakthrough Status for Cancer Detection Test
Guardant Health Inc. (NASDAQ:GH) saw its stock rise by 3.7% after announcing that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device designation to its Shield multi-cancer detection (MCD) test. This blood-based screening tool is designed to identify multiple types of cancer in adults aged 45 and older who are considered at average…
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U.S. Factory Orders Fall More Than Expected, Dropping 3.7%
New data from the U.S. manufacturing sector reveals a sharper-than-anticipated decline in factory orders, signaling potential headwinds for industrial activity. Orders fell by 3.7% in the latest monthly report—worse than the projected 3.1% drop and a stark reversal from the 3.4% growth seen in the previous month. The report, which tracks new orders placed with…
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SolarBank Stock Jumps on Bold Bitcoin Reserve Strategy
Shares of SolarBank Corp (NASDAQ:SUUN) surged 23.2% after the clean energy company unveiled a significant shift in its treasury management strategy—adding Bitcoin as a strategic reserve asset. The decision mirrors similar moves by firms such as MicroStrategy and SharpLink Gaming, which have previously diversified their balance sheets with cryptocurrency holdings. As part of the initiative,…
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EchoStar Shares Slide After Skipping $183 Million Interest Payment Amid FCC Review
Shares of EchoStar Corporation (NASDAQ:SATS) dropped 3.8% on Monday following news that the company had chosen not to make approximately $183 million in scheduled interest payments due on June 2, 2025. The payments pertain to secured and unsecured notes issued by its subsidiary, DISH DBS Corporation, with maturities in 2026, 2028, and 2029. EchoStar disclosed…