Category: Latest News
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TMC stock climbs after unveiling world’s first polymetallic nodule reserves and $23.6B in project value
Shares of TMC the metals company Inc. (NASDAQ:TMC) jumped 11% on Monday following the release of two major economic studies, which together estimated a combined project value of $23.6 billion and included the historic declaration of the world’s first polymetallic nodule mineral reserves. The deep-sea mining firm published a Pre-Feasibility Study (PFS) for its NORI-D…
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Steelcase stock skyrockets after $2.2B acquisition deal with HNI Corporation
Shares of Steelcase Inc. (NYSE:SCS) soared more than 50% on Monday following news that HNI Corporation (NYSE:HNI) plans to acquire the office furniture manufacturer in a transaction valued at approximately $2.2 billion, combining cash and stock. As part of the agreement, Steelcase investors will receive $7.20 in cash and 0.2192 shares of HNI common stock…
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Artelo Biosciences shares surge after unveiling $9.5M private placement tied to Solana-based treasury plan
Artelo Biosciences (NASDAQ:ARTL) saw its stock jump 20% on Monday following news of a $9.475 million private placement aimed at launching a treasury strategy based on Solana (SOL), the blockchain network’s native cryptocurrency. The clinical-stage biopharma company disclosed that it entered into a securities purchase agreement priced at $10.45 per share, encompassing both common stock…
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Amphenol shares rise on $10.5B deal to acquire CommScope business unit
Amphenol (NYSE:APH) saw its stock gain 4.5% in premarket trading after announcing a major acquisition agreement with CommScope (NASDAQ:COMM) to purchase its Connectivity and Cable Solutions (CCS) division for roughly $10.5 billion in cash. The transaction, pending approval from CommScope shareholders, is expected to close in the first half of 2026. CommScope projects it will…
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CommScope stock skyrockets 41% as Q2 earnings and revenue smash forecasts
CommScope Holding Company, Inc. (NASDAQ:COMM) saw its shares skyrocket by over 41% in Monday’s premarket session, following the release of second-quarter earnings that far surpassed analyst projections, fueled by strong results across every segment of its business. The network infrastructure company delivered adjusted earnings per share of $0.44, significantly ahead of the $0.23 expected by…
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Tyson Foods shares climb as Q3 earnings surpass expectations
Tyson Foods (NYSE:TSN) saw its stock rise roughly 4% in premarket trading Monday after posting stronger-than-anticipated results for its fiscal third quarter, beating Wall Street estimates on both earnings and revenue. The food industry heavyweight reported earnings per share (EPS) of $0.91 for the quarter, exceeding analysts’ consensus forecast of $0.81. Revenue grew 4% year-over-year…
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Tesla’s Customer Loyalty Falters Following Musk’s Political Endorsement, S&P Data Shows
Tesla (NASDAQ:TSLA) is experiencing a notable drop in brand loyalty among U.S. customers, a shift that appears to align with CEO Elon Musk’s public support of former President Donald Trump, according to exclusive data shared with Reuters by S&P Global Mobility. The loyalty rate—measuring the percentage of Tesla households that return to buy another vehicle…
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XOMA Royalty Announces Dual Acquisitions of HilleVax and LAVA Therapeutics
XOMA Royalty Corporation (NASDAQ:XOMA) has unveiled plans to acquire two biotech firms—HilleVax, Inc. (NASDAQ:HLVX) and LAVA Therapeutics N.V. (NASDAQ:LVTX)—through separate deals that combine upfront cash offers with contingent value rights (CVRs). In its agreement with HilleVax, XOMA Royalty will pay $1.95 in cash per share, along with a CVR that could deliver additional returns to…
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Axsome Therapeutics Jumps 5% as Q2 Revenue Surpasses Projections
Axsome Therapeutics, Inc. (NASDAQ:AXSM) saw its shares climb more than 5% in pre-market trading Monday, following the release of its second-quarter results that topped Wall Street estimates thanks to strong commercial momentum across its product lines. The biopharmaceutical firm reported $150.04 million in revenue for Q2 2025, well ahead of the analyst consensus of $139.31…
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Gold steadies after strong surge on soft U.S. jobs data and Fed rate cut bets
Gold prices remained largely unchanged on Monday after a sharp rally at the end of last week, as weak U.S. employment numbers bolstered expectations for interest rate cuts by the Federal Reserve. At 05:00 ET (09:00 GMT), spot gold slipped 0.1% to $3,358.72 per ounce, while December gold futures rose 0.4% to $3,412.55 per ounce.…