Category: Latest News
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Citius Oncology shares tumble as Q3 revenue misses forecasts despite LYMPHIR launch momentum
Citius Oncology Inc. (NASDAQ:CTOR) shares fell 10.05% in pre-market trading on Monday after the company reported fiscal third-quarter results that fell well short of analyst expectations, despite signs of increasing institutional demand for LYMPHIR. Quarterly revenue came in at $1.5 million, substantially below the consensus estimate of $12.52 million. Revenue nevertheless improved from zero in…
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LeonaBio beats Q2 loss forecast as Phase 3 ELAINE-3 trial advances
LeonaBio, Inc. (NASDAQ:LONA) reported a smaller-than-expected second-quarter loss on Monday as the clinical-stage biopharmaceutical company continued to advance its pivotal Phase 3 ELAINE-3 study of lasofoxifene. The company posted a loss of $0.80 per share for the quarter, outperforming analyst expectations for a loss of $1.12 per share. LeonaBio shares were unchanged in after-hours trading…
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Trane Technologies and Eaton unveil integrated AI data centre design
Trane Technologies (NYSE:TT) and Eaton (NYSE:ETN) have launched a joint reference design that brings together thermal management and electrical infrastructure for the next generation of artificial intelligence data centres. The collaboration combines the companies’ respective cooling and power-management technologies into a coordinated architecture intended to support increasingly power-dense AI facilities. The medium-voltage design has been…
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Vivos Therapeutics shares slide after Q2 revenue falls short of forecasts
Vivos Therapeutics Inc. (NASDAQ:VVOS) shares fell 6.5% in pre-market trading on Monday after the medical device company reported second-quarter revenue below Wall Street expectations, despite delivering a smaller-than-anticipated adjusted loss. Revenue for the quarter reached $5.15 million, missing the analyst consensus estimate of $5.57 million. Adjusted loss per share came in at -$0.31, however, outperforming…
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Union Pacific fuel surcharges exceed Q2 fuel costs by $91.1 million
Union Pacific (NYSE:UNP) collected $91.1 million more from fuel surcharges than it spent on fuel during the second quarter, according to a regulatory filing with the Surface Transportation Board first reported by Reuters. The surplus was substantially larger than those reported by rival rail operators and contributed directly to Union Pacific’s profitability. The figures are…
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Faraday Future posts record Q2 revenue as debt falls by more than $100 million
Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) reported record revenue for the second quarter of 2026 while reducing total debt by more than $100 million year-on-year, according to a weekly investor update from founder and Global CEO YT Jia. The electric vehicle and robotics company also highlighted improving performance from its robotics operations, which generated an…
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SentinelOne shares retreat after Deutsche Bank cuts rating to Hold
SentinelOne (NYSE:S) shares fell 2.9% in pre-market trading after Deutsche Bank downgraded the cybersecurity company from Buy to Hold, concluding that the stock’s recent rally had left less room for additional near-term gains. The bank nevertheless increased its price target substantially, lifting it to $24 from $17. The combination of a higher target and lower…
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OmniAb lifts 2026 cash outlook following licensing momentum
OmniAb, Inc. (NASDAQ:OABI) has increased its financial guidance for 2026 after recent technology licensing and business development activity strengthened its expected year-end cash position. The Emeryville, California-based antibody discovery technology company now expects to finish 2026 with cash and cash equivalents of between $49 million and $53 million. That represents a substantial increase from its…
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Five key market events investors are watching this week
Financial markets are entering the new trading week amid signs of a traditional summer slowdown, with analysts pointing to the VIX volatility index falling to its lowest level of the year. Despite quieter trading conditions, investors still face a busy calendar of corporate results, economic releases and central-bank developments. Major U.S. retailers are due to…
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Reddit leads major social media platforms in revenue growth per user
Reddit (NYSE:RDDT) delivered the strongest year-on-year growth in average revenue per user among major social media platforms during the second quarter of 2026, according to analysis published by Bank of America on Monday. In the U.S., Reddit’s ARPU increased 50% from a year earlier to $11.30, putting the platform ahead of its peers in terms…