Category: Latest News
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Scilex Shares Rise After SEC Clears S-4 for Semnur Merger
Scilex Holding Company (NASDAQ:SCLX) saw its stock climb 6.9% after the U.S. Securities and Exchange Commission declared effective the registration statement for its planned merger with Semnur Pharmaceuticals. The company, which specializes in non-opioid pain management treatments, confirmed that the Form S-4 tied to the merger between Denali Capital Acquisition Corp. (NASDAQ:DECAW) and Semnur, a…
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Momentus Shares Skyrocket on NASA Robotics Technology Study Deal
Shares of Momentus Inc. (NASDAQ:MNTS) soared 55% after the U.S. space transportation company revealed it had secured a NASA contract to evaluate sending advanced foundational robotics systems into orbit. The work, awarded under NASA’s Flight Opportunities program, has already been completed for this initial phase. Momentus plans to submit a proposal for a follow-up mission…
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Nayax Stock Rises as Q2 Profit More Than Doubles Analyst Forecasts
Shares of Nayax Ltd. (NASDAQ:NYAX) climbed 2.7% on Wednesday after the global commerce payments and loyalty platform delivered quarterly earnings that far exceeded market expectations, even as revenue came in slightly below forecasts. For the second quarter, Nayax reported earnings per share of $0.31, more than double the consensus estimate of $0.14. Revenue reached $95.6…
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Nexxen Stock Climbs as Strong Data Licensing Pushes Revenue Above Forecasts
Shares of Nexxen International Ltd. (NASDAQ:NEXN) jumped 7.2% on Wednesday after the company posted second-quarter revenue that beat Wall Street expectations, powered by robust growth in data and technology licensing. The advertising technology firm reported revenue of $90.95 million, topping analysts’ consensus estimate of $87.32 million and marking a 3% year-over-year increase. Earnings per share,…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Point Higher as Fed Rate Cut Speculation Builds
Futures tied to the Dow Jones, S&P 500, and Nasdaq were modestly higher early Wednesday, hinting that the momentum from Tuesday’s rally could carry into another session. Investors remain focused on the Federal Reserve’s next move after fresh consumer price inflation figures reinforced expectations for a September interest rate cut. The latest data came in…
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Gildan Completes Largest Acquisition, Purchases Hanesbrands for $4.4 Billion
Canadian apparel company Gildan Activewear (NYSE:GIL) has finalized the acquisition of Hanesbrands (NYSE:HBI) in a transaction valued at $4.4 billion, including debt, marking the largest deal in Gildan’s history. The agreement, structured as a $2.2 billion combination of cash and stock, sets the purchase price at roughly $6 per share—a 24% premium over Hanesbrands’ closing…
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Brinker International tops expectations with robust Chili’s performance and expands stock buyback plan
Brinker International (NYSE:EAT) reported fourth-quarter fiscal 2025 results that surpassed analyst forecasts, fueled by strong sales growth at Chili’s. Revenue rose to $1.46 billion, a 21% increase from last year, exceeding the $1.44 billion consensus. Net income reached $107 million, or $2.30 per share, compared with $57.3 million, or $1.24 per share, in the same…
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Mitsubishi commits $600 million to Hudbay’s Copper World project in Arizona
Mitsubishi Corporation, the global investment conglomerate, has agreed to acquire a 30% stake in Hudbay Minerals Inc.’s (NYSE:HBM) Copper World project in Arizona, in a deal valued at $600 million. The partnership establishes a joint venture centered on critical metals and marks Japan’s growing presence in North America’s copper sector. The funding will be rolled…
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Madison Square Garden Entertainment Falls Short of Q4 Expectations
Madison Square Garden Entertainment Corp. (NYSE:MSGE) reported fourth-quarter results on Wednesday that came in below analyst forecasts. Revenue dropped 17% year-over-year to $154.1 million, underperforming the consensus estimate of $175.06 million, while the company posted a loss of $0.57 per share, missing the expected loss of $0.39. Following the announcement, MSGE shares dipped slightly, falling…
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Marex Group Jumps 9% After Q2 Earnings Surpass Expectations
Marex Group plc (NASDAQ:MRX), a global financial services platform, saw its shares climb 9.45% in pre-market trading on Wednesday after reporting second-quarter results that exceeded analyst forecasts, led by strong gains in its Agency and Execution division. The company posted adjusted earnings per share of $1.02 for the quarter, topping estimates of $0.93, while revenue…