Category: Latest News
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Vistagen Shares Collapse After Phase 3 Anxiety Drug Trial Misses Goal
Shares of Vistagen (NASDAQ:VTGN) plunged 78.8% on Wednesday after the biopharmaceutical company disclosed that its Phase 3 clinical trial of fasedienol for social anxiety disorder failed to achieve its primary endpoint. The late-stage drug developer said the PALISADE-3 study did not show a statistically meaningful reduction in anxiety symptoms compared with placebo. Results indicated a…
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Moleculin Biotech Shares Slide After Release of Pediatric Brain Tumor Trial Data
Moleculin Biotech Inc. (NASDAQ:MBRX) shares fell 9.1% in premarket trading on Wednesday after the company disclosed results from a Phase 1 clinical study evaluating its drug candidate WP1066 in pediatric patients with brain tumors. The study, sponsored by Emory University and carried out at the Aflac Cancer and Blood Disorders Center at Children’s Healthcare of…
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Compugen Shares Jump After $65 Million Royalty Monetization Deal With AstraZeneca
Shares of Compugen Ltd. (NASDAQ:CGEN) rose 12.8% in premarket trading on Wednesday after the company unveiled a strategic agreement with AstraZeneca to monetize part of its future royalty stream tied to the cancer therapy rilvegostomig. Under the non-dilutive arrangement, Compugen will receive an upfront payment of $65 million, with the potential to earn an additional…
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Toro Shares Climb After Earnings Beat and Upgraded 2026 Outlook
Shares of The Toro Company (NYSE:TTC) rose 3.2% in premarket trading on Wednesday after the outdoor power equipment maker delivered fourth-quarter results that topped expectations and issued an upbeat forecast for fiscal 2026. Toro reported adjusted earnings of $0.91 per share for the fourth quarter, slightly ahead of analyst estimates of $0.90. Quarterly revenue totaled…
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QuantumScape Shares Jump on Joint Development Deal With Major Automaker
QuantumScape Corp (NYSE:QS) shares rose 6.6% in premarket trading on Wednesday after the solid-state battery company announced it had entered into a joint development agreement (JDA) with a Top-10 global automotive manufacturer. QuantumScape, which is focused on advancing solid-state lithium-metal battery technology, said the agreement marks the completion of its final strategic objective for 2025.…
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Two Harbors Shares Rally on $1.3 Billion All-Stock Takeover by UWM Holdings
Shares of Two Harbors Investment Corp (NYSE:TWO) jumped 6.2% in premarket trading on Wednesday after UWM Holdings Corporation (NYSE:UWMC) revealed plans to acquire the mortgage servicing rights–focused REIT in an all-stock deal valued at approximately $1.3 billion. Under the agreement, Two Harbors shareholders will receive 2.3328 shares of UWMC Class A common stock for each…
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ZIM Shares Edge Higher After Company Reaches Deal to Resolve Proxy Dispute
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares gained 2.1% in premarket trading on Wednesday after the shipping company said it had reached an agreement with a group of shareholders, bringing an end to a proxy battle ahead of its upcoming annual meeting. Under the agreement, reached with a shareholder group led by Mor Gemel Pension…
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Udemy Shares Jump After Coursera Agrees to Acquire Company in Stock-Only Deal
Shares of Udemy (NASDAQ:UDMY) surged 25.7% in premarket trading on Wednesday after education technology peer Coursera (NYSE:COUR) announced an agreement to acquire the online learning platform through an all-stock transaction. Coursera’s own shares also moved higher, rising 10% ahead of the market open. Under the terms of the deal, Udemy shareholders will receive 0.800 shares…
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ABM Industries Posts Record Q4 Revenue but Falls Short on Earnings
ABM Industries (NYSE:ABM) reported record revenue for the fourth quarter on Wednesday, surpassing market expectations, but fell short on earnings as results were weighed down by self-insurance adjustments related to the prior year. The facility services provider’s shares slipped 1.07% in premarket trading following the release. For the quarter ended October 31, 2025, ABM generated…
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Jabil Shares Rally After Q1 Results and Outlook Top Forecasts
Jabil Inc. (NYSE:JBL) shares rose more than 4% in premarket trading on Wednesday after the electronics manufacturing services company reported first-quarter fiscal 2026 earnings that exceeded market expectations and issued an upgraded full-year forecast. The company delivered adjusted earnings of $2.85 per share for the quarter, outperforming analysts’ expectations of $2.69 by roughly 6%. Quarterly…