Category: Latest News
-
Guardant Health Shares Climb on FDA Breakthrough Status for Cancer Detection Test
Guardant Health Inc. (NASDAQ:GH) saw its stock rise by 3.7% after announcing that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device designation to its Shield multi-cancer detection (MCD) test. This blood-based screening tool is designed to identify multiple types of cancer in adults aged 45 and older who are considered at average…
-
U.S. Factory Orders Fall More Than Expected, Dropping 3.7%
New data from the U.S. manufacturing sector reveals a sharper-than-anticipated decline in factory orders, signaling potential headwinds for industrial activity. Orders fell by 3.7% in the latest monthly report—worse than the projected 3.1% drop and a stark reversal from the 3.4% growth seen in the previous month. The report, which tracks new orders placed with…
-
SolarBank Stock Jumps on Bold Bitcoin Reserve Strategy
Shares of SolarBank Corp (NASDAQ:SUUN) surged 23.2% after the clean energy company unveiled a significant shift in its treasury management strategy—adding Bitcoin as a strategic reserve asset. The decision mirrors similar moves by firms such as MicroStrategy and SharpLink Gaming, which have previously diversified their balance sheets with cryptocurrency holdings. As part of the initiative,…
-
EchoStar Shares Slide After Skipping $183 Million Interest Payment Amid FCC Review
Shares of EchoStar Corporation (NASDAQ:SATS) dropped 3.8% on Monday following news that the company had chosen not to make approximately $183 million in scheduled interest payments due on June 2, 2025. The payments pertain to secured and unsecured notes issued by its subsidiary, DISH DBS Corporation, with maturities in 2026, 2028, and 2029. EchoStar disclosed…
-
Amazon Pharmacy Expands Services With Caregiver Features and PillPack Access for Medicare Users
Amazon (NASDAQ:AMZN) Pharmacy has rolled out two significant upgrades to its U.S. services, aimed at easing the burden of medication management for millions of Americans. The company introduced a new feature that lets caregivers handle prescriptions for others through their own Amazon Pharmacy accounts, and it has broadened access to its PillPack service to include…
-
Oil Prices Climb as Geopolitical Risks Weigh on Supply Outlook
Oil prices extended their upward momentum on Tuesday, building on Monday’s rally as geopolitical tensions and uncertainty over a potential U.S.-Iran nuclear agreement raised fresh concerns about global crude supply disruptions. As of 08:45 ET (12:45 GMT), Brent crude rose by 1.2% to $65.41 per barrel, while West Texas Intermediate (WTI) advanced 1.4% to $63.40…
-
Sitio Royalties Shares Jump After $4.1B Acquisition Deal with Viper Energy
Sitio Royalties Corp (NYSE:STR) saw its stock rise by 10.3% following the announcement of its acquisition by Viper Energy Inc. (NASDAQ:VNOM), a subsidiary of Diamondback Energy (NASDAQ:FANG), in a $4.1 billion all-stock deal. The transaction, which includes Sitio’s $1.1 billion net debt as of March 31, 2025, was unanimously approved by both companies’ boards and…
-
Rekor Systems Shares Skyrocket After Securing Major Traffic Tech Deal with Texas
Rekor Systems Inc. (NASDAQ:REKR) saw its stock surge by 30.9% after announcing a landmark multi-year agreement with the Texas Department of Transportation (TxDOT). The deal grants TxDOT districts across the state immediate access to Rekor’s AI-driven roadway management platform, Rekor Command®, under a substantial blanket purchase order reportedly valued in the eight-figure range. The Maryland-based…
-
Hims & Hers Expands to Europe with ZAVA Acquisition, Shares Jump
Hims & Hers Health Inc. (NYSE:HIMS) saw its stock climb 5.8% in premarket trading Tuesday after revealing plans to acquire ZAVA, a leading European telehealth company. The all-cash transaction, expected to close in the second half of 2025, will enable the U.S.-based digital health firm to expand into Germany, France, Ireland, and strengthen its footprint…
-
Dow Jones, S&P, Nasdaq, Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after recovering from initial weakness to end the previous session mostly higher. Traders may be reluctant to make significant moves as they await further…