Category: Latest News
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TopBuild acquires Specialty Products and Insulation in $1 billion all-cash deal
TopBuild Corp (NYSE:BLD) has completed the $1 billion acquisition of Specialty Products and Insulation (SPI) in an all-cash transaction aimed at strengthening its specialty distribution business and expanding its footprint in the commercial and industrial markets. The deal, which closed on October 7, was financed entirely with cash on hand, including proceeds from a senior…
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AST SpaceMobile shares surge after securing commercial deal with Verizon
Shares of AST SpaceMobile (NASDAQ:ASTS) jumped 7% on Wednesday after the company announced it had signed a definitive commercial agreement with Verizon (NYSE:VZ) to deliver space-based cellular broadband service across the continental United States. Under the agreement, AST SpaceMobile will begin providing direct-to-device connectivity for Verizon customers using standard smartphones starting in 2026. The deal…
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Karyopharm shares slide after unveiling $100 million financing package
Shares of Karyopharm Therapeutics (NASDAQ:KPTI) fell 13% on Wednesday after the commercial-stage biopharmaceutical company announced a set of strategic financing transactions designed to provide $100 million in additional liquidity and capital resources. The Newton, Massachusetts-based firm said the new financing will extend its cash runway into the second quarter of 2026. The transactions, expected to…
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NANO Nuclear shares drop after unveiling $400 million private placement
Shares of NANO Nuclear Energy Inc. (NASDAQ:NNE) fell 9% on Wednesday after the advanced nuclear technology firm announced a $400 million private placement of its common stock. The company said it has entered into securities purchase agreements with institutional investors for 8,490,767 shares in an oversubscribed offering priced at market value under Nasdaq rules. The…
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QuantumScape shares climb after partnership with Murata on battery components
Shares of QuantumScape (NYSE:QS) rose 7% on Wednesday after the solid-state battery developer announced a joint development agreement with Murata Manufacturing to advance the production of ceramic separators used in its next-generation batteries. The partnership is designed to accelerate high-volume manufacturing of ceramic separators, a key element of QuantumScape’s solid-state battery architecture. The agreement builds…
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Cenovus posts stronger-than-expected Q3 production results
Cenovus Energy (NYSE:CVE) reported preliminary third-quarter upstream production of around 832,000 barrels of oil equivalent per day (boe/d), surpassing analyst expectations of 821,148 boe/d. Output from the company’s oil sands operations came in at approximately 640,000 boe/d, while downstream production averaged about 712,000 boe/d during the quarter. Cenovus said that its key growth projects remain…
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Zenas Biopharma Acquires Rights to Three Autoimmune Drug Candidates from InnoCare
Zenas Biopharma (NASDAQ:ZBIO) has entered into a licensing agreement with InnoCare Pharma (USOTC:INCPF), securing global rights to three autoimmune disease candidates from InnoCare’s development portfolio. The collaboration includes orelabrutinib, a BTK inhibitor currently in Phase 3 clinical trials for the treatment of multiple sclerosis. Additionally, the deal grants Zenas access to two early-stage assets —…
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Equinor’s Third-Quarter Update Misses Market Expectations
Equinor (NYSE:EQNR) posted its third-quarter trading update on Wednesday, coming in roughly 5% below consensus estimates for adjusted operating income after tax, which had been forecast at $1.8 billion. In its Exploration & Production (E&P) Norway division, the company reported realized liquids prices between $67.2 and $69.2 per barrel, up from $65.4 in the previous…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Gold Blazes Past $4,000 as Markets Brace for Fed Minutes and AI Sector Buzz
U.S. stock futures were little changed on Wednesday, stabilizing after the previous session’s selloff as traders weighed the latest developments in the artificial intelligence (AI) sector against a backdrop of economic and political uncertainty. Growing concerns over the U.S. government shutdown and fragile economic data spurred a rush into safe-haven assets, pushing gold above $4,000…
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Euro and Yen Extend Declines Against Dollar as Political Tensions Weigh on Markets
The euro and yen fell for the third straight session on Wednesday, pressured by mounting political uncertainty in France and expectations of more aggressive fiscal spending in Japan, which have both eroded investor confidence. Analysts noted that France’s widening budget deficit and Japan’s stimulus-driven policies are prompting investors to demand higher risk premiums on government…