Category: Latest News
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Nektar Therapeutics Shares Soar After Sanofi’s Amlitelimab Falls Short
Nektar Therapeutics (NASDAQ:NKTR) saw its stock jump 13% Thursday morning following underwhelming clinical results from Sanofi’s (NASDAQ:SNY) amlitelimab therapy for atopic dermatitis. The surge appears to reflect Nektar’s strengthened competitive position. Although Sanofi’s amlitelimab met primary and secondary endpoints in its Phase 3 COAST-1 trial, market analysts noted the efficacy fell short of expectations. This…
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U.S. Private Sector Hiring Slows in August, Weekly Jobless Claims Rise
Private payroll growth in the U.S. came in weaker than anticipated in August, according to data released Thursday by ADP. The report showed private-sector jobs increased by 54,000 last month, well below July’s upwardly revised gain of 106,000. Economists had expected a stronger showing of about 65,000 new positions, compared with the 104,000 initially reported…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Awaits Jobs Data as Futures Signal Flat Start
U.S. equity futures were little changed early Thursday, suggesting a cautious open as investors hold back ahead of the Labor Department’s closely watched employment report due Friday. The August jobs report is expected to show payroll growth of 75,000, just above July’s gain of 73,000. The outcome could be pivotal for the Federal Reserve’s next…
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Apple App Store Revenue Sees 11.4% Increase in Q4 Fiscal 2025
Apple’s (NASDAQ:AAPL) App Store generated $6.0 billion in revenue during the fiscal fourth quarter of 2025, marking an 11.4% rise compared to the same period last year, according to SensorTower data covering the first 64 days of the quarter. Across iPhone and iPad devices, total downloads reached 6.4 billion, up 2.2% from the previous year.…
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Dollar steadies ahead of U.S. jobs data as markets weigh possible Fed cuts
The U.S. dollar held steady on Thursday following several volatile sessions, as traders adopted a cautious approach while awaiting crucial U.S. employment data and monitoring fragile global bond markets strained by high debt levels. At 04:50 ET (08:50 GMT), the dollar index, which tracks the greenback against a basket of major currencies, inched up 0.1%…
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GitLab shares drop on cautious revenue forecast, CFO exit; Q2 results beat expectations
GitLab (NASDAQ:GTLB) slipped in premarket trading Thursday following the company’s release of conservative guidance and the announcement that CFO Brian Robins will step down on September 19. James Shen, the company’s Vice President of Finance, is expected to take over as interim CFO. Shares of GitLab were down around 8% in early trading. For the…
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Salesforce shares drop as cautious revenue outlook offsets strong Q2 results
Salesforce (NYSE:CRM) reported strong second-quarter earnings and revenue on Tuesday, along with full-year guidance that exceeded analysts’ estimates, yet shares fell more than 6% in after-hours trading. The cloud software giant posted Q2 earnings of $2.91 per share, surpassing the average analyst forecast of $2.78. Revenue climbed to $10.2 billion from $8.6 billion in the…
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Google hit with $425 million penalty in privacy lawsuit
A federal jury on Wednesday ordered Alphabet’s (NASDAQ:GOOGL) Google to pay $425 million in a class action lawsuit that claimed the tech giant collected user data even when users opted out of tracking. A Google spokesperson said the ruling “misunderstands how our products work,” adding that the company plans to appeal. They explained that businesses…
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HPE exceeds Q3 revenue forecasts, shares rise in premarket trading
Hewlett Packard Enterprise Co (NYSE:HPE) saw its shares climb more than 2% in premarket trading Thursday after posting a strong fiscal third-quarter performance that surpassed expectations. However, the company’s guidance for the fourth quarter fell slightly below Wall Street estimates at the midpoint. HPE reported adjusted earnings per share of $0.44, beating forecasts by $0.02,…
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ExxonMobil Considers Selling European Chemical Plants Amid Sector Pressures
ExxonMobil (NYSE:XOM) is reportedly weighing the sale of its chemical production facilities in the United Kingdom and Belgium, as the European chemical industry faces mounting challenges from U.S. trade tariffs and competitive pressures from China, according to the Financial Times on Thursday. Sources familiar with the matter told the publication that the U.S. energy company…