Category: Latest News

Shares of Jabil Inc. (NYSE:JBL) gained 5.05% after the electronics manufacturing services provider posted third-quarter results that beat Wall Street expectations and boosted its full-year guidance. For the fiscal quarter ending May 31, Jabil reported adjusted earnings of $2.55 per share, ahead of analysts’ consensus of $2.29. Revenue rose to $7.8 billion, exceeding the $7.03…

Shares of Surgery Partners, Inc. (NASDAQ:SGRY) dropped 12% following the announcement that the company has wrapped up acquisition discussions with Bain Capital without reaching a deal. A Special Committee composed of independent board members reviewed Bain Capital’s non-binding offer to acquire the remaining shares it does not already own. After evaluation, the committee concluded that…

Shares of Immuneering Corporation (NASDAQ:IMRX) rose 7% on Monday following the release of encouraging interim results from a Phase 2a clinical trial evaluating its experimental cancer therapy, atebimetinib, in combination with modified gemcitabine/nab-paclitaxel (mGnP), as a first-line treatment for pancreatic cancer. The clinical-stage biotech reported that, six months into the study, 94% of patients were…

Shares of Dyne Therapeutics (NASDAQ:DYN) plunged 23% after the biotech firm announced changes to its regulatory strategy for DYNE-101, a treatment for myotonic dystrophy type 1 (DM1), following a recent Type C meeting with the U.S. Food and Drug Administration. Although the FDA granted Breakthrough Therapy Designation to DYNE-101—highlighting its potential to address serious unmet…

PureCycle Technologies (NASDAQ:PCT) saw its stock soar 12% after unveiling a major $300 million capital raise, signaling renewed investor confidence in the company’s long-term strategy to revolutionize plastic recycling and scale up its production capabilities. The funding, which combines contributions from both existing and new investors—including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital,…

Shares of Ventyx Biosciences (NASDAQ:VTYX) traded flat on Tuesday, even after the company released promising top-line results from a Phase 2a trial evaluating its investigational drug VTX3232 in patients with early-stage Parkinson’s disease. The biotech firm announced that the study successfully met its primary goal of establishing the drug’s safety and tolerability. Importantly, no treatment-emergent…

T-Mobile US (NASDAQ:TMUS) saw its shares drop by nearly 4.75% after Japan’s SoftBank Group (TYO: 9984) sold a significant portion of its holdings in the telecom giant. The move comes as the Tokyo-based conglomerate ramps up efforts to bankroll its growing ambitions in artificial intelligence. According to a Bloomberg report, SoftBank offloaded approximately 21.5 million…

U.S. stock futures edged lower on Tuesday as investors grew cautious amid escalating hostilities between Israel and Iran. While hopes for a ceasefire remain alive, behind-the-scenes talks reportedly continue, including possible discussions between American officials and Tehran. Meanwhile, President Donald Trump left the G7 summit in Canada earlier than expected, dismissing speculation that his departure…

Lennar Corporation (NYSE:LEN) reported second-quarter earnings that missed analyst expectations, while revenue exceeded estimates. The company’s gross margin forecast came roughly in line with projections. Following the release, Lennar’s shares rose over 2% in premarket trading on Tuesday. For the quarter ended May 31, Lennar posted adjusted earnings per share of $1.90, slightly below the…

Shares in solar and renewable energy companies across the U.S. and Europe fell sharply on Tuesday following a Senate Republican proposal aimed at speeding up the phase-out of tax credits for wind and solar energy projects. The move disappointed clean energy advocates who had anticipated more generous support compared to the earlier cuts approved by…