Category: Latest News
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Klotho Neurosciences Shares Jump as FDA Grants Orphan Drug Status for ALS Therapy
Shares of Klotho Neurosciences, Inc. (NASDAQ:KLTO) surged 22% following news that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to the company’s gene therapy candidate, KLTO-202, aimed at treating Amyotrophic Lateral Sclerosis (ALS). The newly designated treatment—a secreted-Klotho gene therapy utilizing a muscle-specific delivery system—is designed to target the neuromuscular junction,…
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Helen of Troy Shares Plunge Over 22% After Earnings Miss and Weak Forecast
Shares of Helen of Troy Limited (NASDAQ:HELE) tumbled 22.26% in premarket trading after the consumer products firm reported a sharp drop in first-quarter earnings that missed expectations, citing significant tariff-related headwinds. The company posted adjusted earnings of $0.41 per share, well below Wall Street’s consensus estimate of $0.93, as tariffs weighed heavily on both margins…
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MP Materials Stock Soars on Major Defense Department Partnership
MP Materials (NYSE:MP) saw its shares leap by as much as 32% in premarket trading after announcing a landmark agreement with the U.S. Department of Defense aimed at strengthening America’s rare earth supply chain and expanding domestic magnet production. The deal marks a multibillion-dollar public-private initiative, featuring a $400 million equity investment from the Defense…
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Ulta Beauty Poised to Acquire UK Retailer Space NK in Deal Topping £300 Million — Report
Ulta Beauty (NASDAQ:ULTA), the U.S.-based beauty giant with a market valuation of more than $21 billion, is reportedly on the verge of acquiring Space NK, a prominent British high street beauty retailer, from long-time owner Manzanita Capital. According to a report from Sky News on Thursday, Ulta has taken a major step toward completing the…
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Dow Jones, S&P, Nasdaq, U.S. Futures Decline as Trump Targets Brazil with 50% Tariffs — Market Highlights
U.S. stock futures dipped Thursday amid investor reaction to President Donald Trump’s latest tariff moves. Brazil has become the newest focus of Trump’s trade offensive, triggered by the country’s treatment of a political ally. Meanwhile, minutes from the Federal Reserve’s recent meeting reveal some officials believe interest rate cuts could be on the horizon this…
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Dollar retreats slightly as tariff news loses its shock factor
The U.S. dollar dipped modestly on Thursday, pulling back from a two-week high versus major currencies as traders appeared to shrug off President Donald Trump’s latest tariff announcements. At 04:20 ET (08:20 GMT), the Dollar Index—which gauges the greenback against six other currencies—fell 0.1% to 97.107, having touched its highest level since June 25 in…
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WK Kellogg Shares Soar on Reported $3 Billion Acquisition Talks with Ferrero
WK Kellogg (NYSE:KLG) shares skyrocketed by over 57% in premarket trading after the Wall Street Journal reported that Ferrero, the Italian confectionery giant, is nearing a $3 billion deal to acquire the U.S. cereal company. According to sources cited by the WSJ, the maker of Nutella and Ferrero Rocher could finalize the acquisition as early…
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Seven & i Holdings Tops Estimates with 9.7% Profit Growth, Driven by Overseas Stores
Seven & i Holdings (USOTC:SVNDY) posted a 9.7% rise in operating profit for the three months ending in May, surpassing analyst expectations due to strong international performance from its convenience store operations. The Japanese retail conglomerate reported operating profit of 65.1 billion yen ($445.19 million) for the March–May quarter, beating the 58 billion yen consensus…
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Gold Inches Up, Copper Surges Again After Trump Announces Import Tariffs
Gold prices saw modest gains during early Thursday trading in Asia, while copper extended its recent rally following a fresh wave of tariff announcements by U.S. President Donald Trump. The broader metals market was also buoyed by a softer U.S. dollar, though uncertainty over Federal Reserve policy kept gains in check. At 01:34 ET (05:34…
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Oil Prices Steady as Traders Digest Trump’s Tariff Blitz and Surging U.S. Crude Stockpiles
Oil markets held firm near recent highs in early Thursday trading, as investors weighed the implications of U.S. President Donald Trump’s escalating tariff campaign and a surprise jump in domestic crude inventories that signaled possible demand weakness. Brent crude futures for September delivery dipped slightly by 0.1% to $70.09 a barrel as of 21:55 ET…