Category: Latest News
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Astria Therapeutics Soars After BioCryst Acquisition Announcement; BioCryst Falls
Astria Therapeutics (NASDAQ:ATXS) saw its shares surge 30% on Tuesday after BioCryst Pharmaceuticals (NASDAQ:BCRX) announced a cash-and-stock acquisition of the company. In contrast, BioCryst’s stock fell 10% following the news. The deal values Astria at approximately $13.00 per share, a 53% premium to its October 13 closing price, and implies an enterprise value of around…
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Cyngn Shares Jump After Deploying Autonomous Tech at G&J Pepsi
Cyngn (NASDAQ:CYN) saw its stock rise 12% on Tuesday after announcing the commercial deployment of its DriveMod Tugger autonomous vehicle technology with G&J Pepsi, the largest independent Pepsi bottler in the United States. The partnership signals Cyngn’s push into material handling for consumer-packaged goods, further expanding the use of its autonomous technology across multiple industries.…
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Wells Fargo Shares Climb After Q3 Results Beat Expectations
Wells Fargo (NYSE:WFC) reported stronger-than-expected third-quarter earnings on Friday, with solid revenue growth across both its consumer and commercial divisions pushing shares up more than 3% in premarket U.S. trading on Tuesday. The banking giant posted earnings per share of $1.66 and revenue of $21.44 billion, surpassing analyst expectations of $21.16 billion. While net interest…
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FB Financial Rises 3% After Beating Q3 Earnings Forecasts on Strong Margin Expansion
FB Financial Corporation (NYSE:FBK) reported third-quarter adjusted earnings on Tuesday that surpassed Wall Street estimates, fueled by robust margin growth and the successful integration of Southern States Bancshares. Shares of the parent company of FirstBank climbed 3% in premarket trading following the announcement. The Tennessee-based lender posted adjusted earnings of $1.07 per share, ahead of…
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J&J Raises Revenue Forecast After Beating Q3 Estimates, to Spin Off Orthopaedics Unit
Johnson & Johnson (NYSE:JNJ) delivered third-quarter earnings and revenue ahead of market forecasts and unveiled plans to spin off its Orthopaedics division in a strategic move to sharpen its focus on higher-growth areas. The company’s shares edged higher in premarket trading Tuesday following the announcement. J&J reported earnings per share of $2.80 for the third…
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Meta to Apply PG-13 Content Guidance for Teen Instagram Users by Default
Meta (NASDAQ:META) announced Tuesday that it will begin applying PG-13 content ratings by default to teenage accounts on Instagram, as the company faces growing scrutiny over how it protects users under the age of 18. As part of the new policy, Meta will use age prediction technology to assign teens to appropriate content protection levels…
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Walmart Shares Climb on New OpenAI Partnership
Walmart (NYSE:WMT) stock gained 2% on Tuesday after the company announced a strategic partnership with OpenAI aimed at integrating advanced AI tools into the shopping experience — a development welcomed by investors. Through the new collaboration, customers will soon be able to shop at Walmart directly via ChatGPT using a feature called Instant Checkout. This…
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Dow Jones, S&P, Nasdaq, Futures, Renewed Trade Tensions Poised to Pressure Wall Street at the Open
U.S. stock futures point to a sharply lower open on Tuesday, signaling that equities may retreat after Monday’s strong rebound as rising trade tensions between Washington and Beijing resurface. The cautious mood follows Monday’s rally, which was fueled in part by President Donald Trump’s softer tone on China. Addressing China’s expanded export controls on rare…
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BofA Survey: Over Half of Investors See AI as a Bubble, 60% Say Equities Overvalued
Global investors are turning increasingly optimistic on stocks, but concerns about frothy valuations are rising fast. Bank of America’s October Global Fund Manager Survey revealed that 54% of respondents believe AI-related assets are in bubble territory, while a record 60% say global equities are now overvalued. The survey showed equity allocations at their highest level…
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GM Shares Slip After $1.6 Billion Charge Linked to EV Strategy Shift
General Motors (NYSE:GM) announced it will take $1.6 billion in charges for the third quarter of 2025 as part of a broader reassessment of its electric vehicle (EV) strategy in response to recent U.S. policy changes. The news pushed the automaker’s shares down about 2% in premarket trading. The charges, approved by GM’s board audit…