Category: Latest News

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…

Shares of Lemonade Inc (NYSE:LMND) climbed 6.3% on Wednesday after the digital insurer introduced a new policy designed specifically for Tesla vehicles equipped with Full Self-Driving (FSD) technology. The company said the product is the first of its kind and will reduce per-mile insurance rates by roughly 50% when Tesla’s FSD system is active. The…

Shares of Aligos Therapeutics Inc (NASDAQ:ALGS) rose 3.1% on Wednesday after the company provided a progress update on its Phase 2 B-SUPREME study evaluating pevifoscorvir sodium for the treatment of chronic hepatitis B virus (HBV) infection. The clinical-stage biopharmaceutical firm said 144 patients have now been enrolled globally, achieving enrollment targets required for both planned…

Shares of Xerox Holdings Corporation (NASDAQ:XRX) slid 13.7% on Wednesday after the workplace technology group disclosed plans to raise as much as $250 million through a securities offering. The sharp sell-off followed the release of a prospectus outlining potential issuances of common stock and warrants. In the filing, Xerox said the securities could be sold…

Shares of Hoth Therapeutics Inc (NASDAQ:HOTH) advanced 3.6% in premarket trading on Wednesday after the clinical-stage biopharmaceutical company said it has been granted an important patent in China related to its HT-KIT oncology program. The patent was approved by the China National Intellectual Property Administration and covers Hoth’s HT-KIT technology, which is designed to trigger…

Shares of Lucid Diagnostics Inc (NASDAQ:LUCD) rose 12.4% in premarket trading on Wednesday after the company said it had won a contract with the U.S. Department of Veterans Affairs (VA) covering its EsoGuard Esophageal DNA Test. The deal broadens access to Lucid’s esophageal precancer screening across the VA’s nationwide healthcare network, which provides care to…

Shares of Lisata Therapeutics Inc (NASDAQ:LSTA) jumped nearly 85% in premarket trading on Wednesday after the clinical-stage drug developer said it has signed a binding term sheet to be acquired by privately held Kuva Labs, Inc. Under the proposed deal, Kuva Labs plans to launch a tender offer to acquire all outstanding Lisata shares for…

Shares of Nathan’s Famous Inc (NASDAQ:NATH) surged 9.6% in premarket trading on Wednesday after Smithfield Foods Inc (NASDAQ:SFD) unveiled an all-cash proposal to buy the hot dog brand for $102.00 per share. The transaction places an enterprise value of roughly $450 million on Nathan’s Famous and would give Smithfield permanent ownership of the brand, which…

Shares of Ocugen, Inc. (NASDAQ:OCGN) fell 6.6% in premarket trading on Wednesday after the biotech group announced the pricing of an underwritten common stock offering. Ocugen said it will issue 15 million common shares at a price of $1.50 per share, with the transaction expected to raise $22.5 million in gross proceeds before underwriting fees…

Prologis Inc. (NYSE:PLD) reported fourth-quarter profit and revenue that topped Wall Street expectations on Wednesday, supported by solid leasing activity across its global warehouse portfolio, as the industrial REIT enters 2026 with upbeat earnings guidance. The shares rose 2.37% in premarket trading. Prologis, a roughly $123 billion industrial real estate investment trust, has continued to…