Category: Latest News
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Thermon shares surge 15.5% after $2.2 billion merger agreement with Ceco Environmental
Shares of Thermon (NYSE:THR) climbed 15.5% in premarket trading on Tuesday after Ceco Environmental (NASDAQ:CECO) announced plans to merge with the company in a transaction valued at $2.2 billion. Ceco Environmental revealed details of the proposed merger, which is expected to be completed by mid-2026. The company noted that the anticipated financial benefits from the…
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Westlake Chemical Partners beats Q4 profit forecasts despite revenue miss
Westlake Chemical Partners LP (NYSE:WLKP) reported fourth-quarter results on Tuesday that surpassed earnings expectations, although revenue came in below analyst forecasts. The partnership’s units gained 0.65% in after-hours trading following the release. Adjusted earnings totaled $0.41 per limited partner unit for the fourth quarter of 2025, slightly ahead of the consensus estimate of $0.40. Revenue,…
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Elanco tops earnings forecasts but shares slip amid margin pressure concerns
Elanco Animal Health Incorporated (NYSE:ELAN) reported fourth-quarter results on Tuesday that came in ahead of analyst expectations, though its shares moved lower in premarket trading as investors reacted to softer margins. The animal health company posted adjusted earnings per share of $0.13, exceeding the consensus forecast of $0.11. Despite the earnings beat, the stock declined…
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Novo Nordisk shares extend losses following analyst downgrades
Novo Nordisk (NYSE:NVO) continued to face selling pressure after JPMorgan downgraded the stock to Neutral from Overweight, citing disappointing late-stage REDEFINE-4 trial results for its obesity treatment CagriSema, which indicated weaker competitiveness compared with Eli Lilly’s (NYSE:LLY) Zepbound. The bank also reduced its price target to 250 Danish crowns from 350, while analysts at Deutsche…
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Ford recalls more than 412,000 Explorer SUVs over suspension defect
Ford Motor Company (NYSE:F) is recalling 412,774 Explorer vehicles across the United States after identifying a potential defect involving rear suspension toe links, the U.S. National Highway Traffic Safety Administration said on Tuesday. According to the safety regulator, the affected component could fracture, potentially leading to reduced steering control and increasing the risk of a…
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Hims & Hers shares fall after softer-than-expected first-quarter outlook
Shares of telehealth provider Hims & Hers Health (NYSE:HIMS) dropped more than 6% in U.S. premarket trading on Tuesday, pressured partly by weaker-than-anticipated guidance for the current quarter. The company expects first-quarter 2026 revenue to come in between $600 million and $625 million, below analyst consensus forecasts of $653.9 million. Adjusted EBITDA for the period…
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Tesla EU registrations drop 17% in January as market share slips
Tesla (NASDAQ:TSLA) recorded a decline in new vehicle registrations across the European Union in January, with sales falling year-on-year even as the region continued shifting toward electrified vehicles, according to industry data released Tuesday. The U.S. electric vehicle manufacturer registered 8,075 cars in the EU during the month, down from 9,733 units a year earlier.…
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Stellantis begins 2026 with strong sales growth, outperforming European auto market
Stellantis (NYSE:STLA) opened 2026 on a positive footing, outperforming the broader European automotive market. While overall car registrations across Europe (EU+EFTA+UK) declined by 3.5%, the Italian-French carmaker recorded a 6.7% increase in sales, lifting its market share to 17.1% from 15.5% a year earlier. Data published by ACEA showed that, within the European Union alone,…
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FedEx files lawsuit seeking repayment of Trump-era emergency tariffs
Logistics giant FedEx (NYSE:FDX) has launched legal action against the United States government, filing a lawsuit on Monday in the U.S. Court of International Trade to recover payments made under President Donald Trump’s emergency tariff measures. The case marks one of the most prominent attempts so far to reclaim funds after the U.S. Supreme Court…
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Oil climbs toward seven-month highs amid rising US-Iran tensions
Oil prices advanced on Tuesday, approaching their highest levels in nearly seven months as markets weighed potential supply risks linked to escalating geopolitical tensions ahead of another round of nuclear negotiations between the United States and Iran. Brent crude futures gained 48 cents, or 0.7%, to $71.97 per barrel by 0658 GMT, while U.S. West…