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AIRO Shares Sink Nearly 19% After Drone Delivery Delays Hammer Q3 Results
AIRO Group Holdings, Inc. (NASDAQ:AIRO) saw its stock plunge 18.7% on Friday after the aerospace and defense tech firm posted sharply lower third-quarter revenue, citing significant delays in drone shipments. Management, however, signaled that a major rebound is already underway for the current quarter. AIRO generated $6.3 million in Q3 revenue, a steep drop from…
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enVVeno Medical Shares Crash After FDA Reaffirms VenoValve Rejection
enVVeno Medical Corp (NASDAQ:NVNO) saw its shares collapse 32.6% in premarket trading on Friday after the U.S. Food and Drug Administration upheld its earlier decision to reject the company’s VenoValve device, a surgical implant designed for patients suffering from severe deep chronic venous insufficiency. The agency reaffirmed the “not-approvable” letter it issued on August 19,…
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Twist Bioscience Shares Slide 9% After Q4 Loss Misses Expectations
Twist Bioscience Corporation (NASDAQ:TWST) saw its stock drop 9% on Friday after the synthetic biology company posted a larger-than-expected fourth-quarter loss, despite delivering better-than-forecast revenue. The company reported a quarterly loss of -$0.45 per share, wider than analysts’ expectations of -$0.41, while revenue reached $99 million, topping the consensus estimate of $97.21 million. Sales increased…
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Beyond Meat Shares Drop as New Convertible Note Terms Signal Major Dilution
Beyond Meat Inc. (NASDAQ:BYND) slid 8% in premarket trading on Friday after the plant-based meat producer released the initial conversion terms for its 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030. The company set the conversion rate at 572.7784 shares per $1,000 of principal, implying a conversion price of roughly $1.75 per…
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Bitcoin Slides to Fresh 6-Month Low Under $96K as December Rate Cut Hopes Fade
Bitcoin (COIN:BTCUSD) sank toward the $95,000 mark on Friday, extending a broad pullback across risk assets as traders increasingly bet that the Federal Reserve will hold off on lowering interest rates in December. The world’s largest cryptocurrency remained under heavy pressure, setting up its third straight weekly decline as institutional participation in crypto markets continued…
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Wall Street Set for Steeper Losses on Valuation Fears and Rate Uncertainty
U.S. stock futures pointed sharply lower on Friday, signaling that Wall Street may face another wave of selling after Thursday’s steep decline. Technology shares look set to remain a major drag on the market, with chipmakers Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) sinking more than 3 percent in premarket trading amid renewed valuation worries.…
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AI boom is mirroring past speculative cycles and may be nearing its peak, BCA warns
Artificial intelligence is exhibiting the same telltale signs seen in earlier investment bubbles that eventually collapsed, according to a new analysis from BCA Research, which cautions that the current surge could begin to fade within the next year. In a report authored by Peter Berezin, BCA’s chief global strategist, the firm argues that its review…
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BitMine shares slide after CEO transition and new board appointments
BitMine Immersion Technologies Inc. (AMEX:BMNR) saw its stock fall 4.7% in premarket trading on Friday after unveiling a major leadership overhaul and several additions to its board. The company — which describes itself as the world’s largest ETH Treasury holder with more than 2.9% of the Ethereum network — announced that Chi Tsang has been…
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Tenon Medical shares edge higher after completing $2.85 million PIPE financing
Tenon Medical Inc. (NASDAQ:TNON) saw its stock climb 3.4% in premarket trading on Friday after the company announced it had formally closed its previously disclosed at-the-market private investment in public equity (PIPE) transaction. The medical device company, which develops solutions for sacro-pelvic conditions, secured roughly $2.85 million in gross proceeds through the sale of 2,217,904…
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MicroStrategy’s Bitcoin stash appears to shrink by 47,000 coins; Saylor posts “HODL” amid market slump
MicroStrategy’s (NASDAQ:MSTR) Bitcoin reserves have dropped by roughly 47,000 coins, according to new figures published Friday by crypto analytics firm Arkham. Arkham’s data shows that the company’s holdings have fallen to about 437,000 Bitcoin, down from a previously reported 484,000. It remains unclear whether the apparent decline reflects internal transfers or whether any coins were…