Category: Latest News
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Redwire shares climb after securing $21.5 million U.S. defense contract (RDW)
Redwire Corporation (NYSE:RDW) shares gained 4.6% on Wednesday after the aerospace and defense company announced it had received 21.5 million dollars in follow-on orders to supply additional Stalker unmanned aircraft systems to the U.S. military. Follow-on orders expand Stalker UAS programme The new purchase orders were awarded by the Portfolio Acquisition Executive Robotic Autonomous Systems…
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Pentair shares tumble after profit warning and unexpected CFO departure (PNR)
Pentair (NYSE:PNR) shares plunged nearly 20% in premarket trading after the company lowered its full-year financial guidance, released weaker-than-expected preliminary second-quarter results and announced the unexpected departure of its Chief Financial Officer. CFO exits as company names interim replacement Pentair said Chief Financial Officer Nicholas Brazis left the company on 10 July 2026 to pursue…
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XPeng shares gain after report outlines humanoid robot production plans (XPEV)
XPeng (NYSE:XPEV) shares rose 4% on Wednesday after a report indicated the Chinese electric vehicle manufacturer is preparing to significantly expand production of its humanoid robot ahead of an international launch. Robot production expected to accelerate According to a Wall Street Journal report citing people familiar with the matter, XPeng plans to increase monthly production…
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Health insurance stocks slide after Elevance highlights margin pressures (ELV)
Health insurance shares moved sharply lower in premarket trading after Elevance Health’s (NYSE:ELV) latest quarterly results revealed continued pressure on margins within its core Health Benefits business, raising concerns that similar challenges could affect the wider managed-care sector. Margin weakness overshadows earnings beat Although Elevance reported second-quarter earnings and revenue that comfortably exceeded analysts’ expectations,…
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Veradermics shares climb 9% after encouraging female hair loss trial results (MANE)
Veradermics (NYSE:MANE) shares rose 9% on Wednesday after the company reported positive Phase 2 clinical data for VDPHL01, its investigational oral treatment for female pattern hair loss. Phase 2 study delivers strong efficacy results The company released findings from Study 207, an open-label Phase 2 trial evaluating its extended-release oral minoxidil formulation in women with…
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LightPath Technologies shares climb after securing $11 million infrared camera contract (LPTH)
LightPath Technologies (NASDAQ:LPTH) shares gained 9% after the company announced it had secured an 11 million dollar follow-on order for infrared camera systems from a major global technology customer supporting counter-unmanned aircraft system (counter-UAS) applications. Repeat order strengthens customer relationship The latest contract represents another order from one of LightPath’s key customers and reinforces ongoing…
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U.S. producer prices unexpectedly decline, easing inflation outlook
PPI records surprise monthly fall New data from the U.S. Bureau of Labor Statistics showed that producer prices unexpectedly declined in the latest reporting period, offering fresh evidence that inflationary pressures may be easing. The Producer Price Index (PPI), which measures changes in prices received by producers for their goods and services, fell by 0.3…
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U.S. futures point higher as softer inflation boosts sentiment: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded higher on Wednesday, indicating Wall Street could extend the previous session’s gains after fresh inflation data strengthened expectations that the Federal Reserve may be able to keep interest rates on hold. Producer price data adds to inflation optimism Investor sentiment improved after the U.S. Labor Department reported that producer prices…
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BNY beats second-quarter expectations as revenue and fee income surge (BNY)
BNY (NYSE:BNY) reported stronger-than-expected second-quarter results after higher fee income and net interest income drove double-digit revenue growth. Despite the earnings beat, the financial services company’s shares edged lower in premarket trading. Earnings and revenue top forecasts The company posted adjusted earnings per share of 2.45 dollars for the second quarter, exceeding analysts’ consensus estimate…
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PNC Financial tops second-quarter forecasts as capital markets business drives growth (PNC)
PNC Financial Services Group (NYSE:PNC) reported stronger-than-expected second-quarter results after record capital markets revenue and solid loan growth helped lift earnings above Wall Street expectations. The bank’s shares edged higher in premarket trading following the announcement. Earnings and revenue beat expectations PNC posted adjusted earnings per share of 4.85 dollars for the second quarter, exceeding…