Category: Latest News
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Greenwich LifeSciences shares jump after FDA clears commercial GP2 for Phase III study
Greenwich LifeSciences (NASDAQ:GLSI) shares surged around 54% after the company said the U.S. Food and Drug Administration (FDA) has authorised the use of its first commercially produced batch of GP2 in the FLAMINGO-01 Phase III clinical trial. The biotech group said the first three commercial-scale lots of the GP2 active ingredient were manufactured in 2023,…
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McCormick shares slide more than 4% as earnings miss offsets revenue beat
Shares in McCormick & Company (NYSE:MKC) fell nearly 5% on Thursday after the spices and seasonings group reported fourth-quarter earnings that came in just below expectations, despite delivering slightly stronger-than-forecast revenue. McCormick posted adjusted earnings per share of $0.86 for the quarter, narrowly missing the consensus estimate of $0.87. Revenue reached $1.85 billion, edging past…
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GE Aerospace climbs after Q4 earnings beat and confident outlook
GE Aerospace (NYSE:GE) reported fourth-quarter results on Thursday that came in ahead of market expectations on both earnings and revenue. Adjusted earnings per share for the quarter reached $1.57, comfortably above analysts’ forecasts of $1.43. Revenue totalled $11.87 billion, also beating the consensus estimate of $11.2 billion. Compared with the same period a year earlier,…
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Oil edges lower as markets weigh supply risks and US inventory data
Oil prices slipped on Thursday after posting gains in the previous two sessions, as traders reassessed the outlook for supply and demand and reacted to data showing an increase in U.S. crude and gasoline inventories last week. Brent crude fell 28 cents, or 0.43%, to $64.96 a barrel by 07:49 GMT, while March West Texas…
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Gold Rally Takes a Breather Near All-Time High as Trump Hints at Greenland Deal
Gold prices held broadly steady during Asian trading on Thursday after touching a fresh record close to $4,900 per ounce in the prior session, as comments from U.S. President Donald Trump eased geopolitical concerns tied to Greenland and reduced demand for safe-haven assets. Spot gold slipped 0.1% to $4,826.03 an ounce by 01:19 ET (06:19…
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Trump Reverses Greenland Tariff Threat; Intel Earnings and Inflation Data in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to the main U.S. equity benchmarks moved higher, signalling a sense of relief after President Donald Trump said he would not introduce new tariffs on several European countries linked to his demands over Greenland. Media reports suggest the decision followed discussions with NATO and European leaders, although details around the “framework of a…
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E-subsidy 2.0 and now the boom! Taking off with BYD, NEO Battery Materials, and VW
Now it is official! The German federal government is relaunching its e-subsidy program. Low- and middle-income earners can apply for environmental incentives of up to EUR 6,000 for the purchase of an electric or hybrid vehicle. Annual household income must not exceed EUR 80,000 for households without children, and EUR 90,000 for those with children.…
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U.S. Stocks Finish Volatile Session Sharply Higher
After showing a strong move to the upside early in the session, stocks saw significant volatility over the course of the trading day on Wednesday. The major averages largely gave back their early gains in late morning trading before experiencing an afternoon resurgence and ending the day sharply higher. The major averages all posted strong…
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Mexico becomes first Latin American operator of Lockheed’s C-130J Super Hercules
Mexico has become the first country in Latin America to field the C-130J Super Hercules, after the Fuerza Aérea Mexicana (FAM) confirmed the purchase of its first C-130J-30 tactical airlifter from Lockheed Martin (NYSE:LMT). The deal is one of two international C-130J contract awards finalized in 2025, with the second overseas customer yet to be…
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Vertical Aerospace and Bristow Group gain as companies outline Manhattan air taxi concept
Shares of Vertical Aerospace Ltd (NYSE:EVTL) rose 3.1% on Wednesday, while Bristow Group Inc (NYSE:VTOL) advanced 3.3%, after the two companies unveiled plans for electric air taxi routes serving New York City that could sharply cut travel times in and out of Manhattan. The proposal envisions linking hubs such as John F. Kennedy International Airport…