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Kraft Heinz Announces Departure of Senior Executive Cory Onell (KHC)
The Kraft Heinz Company (NASDAQ:KHC) said Cory Onell will step down from his position as Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer at the end of June, marking a leadership change within the food and beverage group. The company said Onell’s departure will become effective on June 30, 2026. Advisory…
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CervoMed Shares Surge After Securing U.S. Patent Protection for Dementia Therapy (CRVO)
CervoMed Inc. (NASDAQ:CRVO) shares climbed 20% on Thursday after the company announced it had received a notice of allowance from the U.S. Patent and Trademark Office for a new patent covering the use of its lead drug candidate, neflamapimod, in the treatment of dementia with Lewy bodies (DLB). The development strengthens the biotechnology company’s intellectual…
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Energy Fuels Rallies After Securing Conditional $725 Million U.S. Government Loan Commitment (UUUU)
Energy Fuels (AMEX:UUUU) shares jumped 16% on Thursday after the company received a conditional loan commitment worth $725 million from the U.S. Department of War’s Office of Strategic Capital, a move aimed at expanding domestic rare earth processing capacity. The proposed financing would support the development of a new U.S.-based rare earth separation and metallization…
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Butterfly Network Shares Jump as Midjourney Unveils Imaging Platform Built on Ultrasound-on-Chip Technology (BFLY)
Butterfly Network (NYSE:BFLY) shares climbed 17% on Thursday after Midjourney revealed a new medical imaging platform powered by Butterfly’s Ultrasound-on-Chip technology, highlighting a potentially significant new commercial application for the company’s semiconductor-based ultrasound platform. The announcement came during a launch event in San Francisco, where Midjourney introduced its new healthcare division, Midjourney Medical, alongside a…
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Moderna Extends Rally as FDA Advisory Panel Reviews Flu Vaccine Application (MRNA)
Moderna (NASDAQ:MRNA) shares moved higher on Thursday, building on the previous session’s strong gains as investors focused on a key review of the company’s influenza vaccine by a U.S. Food and Drug Administration advisory committee. The stock advanced 3% after surging 11.5% on Wednesday, with market attention centred on the regulatory outlook for the company’s…
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Spero Shares Jump After FDA Clears First Oral Carbapenem Antibiotic for U.S. Market (SPRO)
Spero Therapeutics (NASDAQ:SPRO) shares climbed 16% on Thursday after the U.S. Food and Drug Administration approved Utebzi, a novel oral carbapenem antibiotic developed through a collaboration between GSK (NYSE:GSK) and Spero, for the treatment of complicated urinary tract infections (cUTIs), including pyelonephritis, in adults with limited or no suitable oral treatment alternatives. Landmark Approval Opens…
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US Jobless Claims Ease Slightly as Labour Market Remains Stable
U.S. unemployment benefit applications edged lower last week, pointing to continued resilience in the labour market despite signs of a gradual cooling in hiring conditions. According to data released by the Labor Department on Thursday, initial jobless claims fell by 4,000 to 226,000 in the week ended June 13, compared with a revised 230,000 in…
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Wall Street Set for Rebound as Iran Peace Accord Lifts Sentiment: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed higher on Thursday, indicating a stronger start for Wall Street after equities sold off sharply following the Federal Reserve’s latest policy decision. Investor sentiment improved after the United States and Iran formally signed a preliminary agreement aimed at ending the conflict in the Middle East, easing concerns over energy supplies and…
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Pfizer Shares Slip Following CFO Transition Announcement
Pfizer Inc. (NYSE:PFE) shares edged lower on Thursday after the pharmaceutical giant revealed that Chief Financial Officer Dave Denton will step down from his position and leave the company in August. The stock fell 1.7% after investors digested the leadership change, which comes as Pfizer continues to navigate a period of strategic transformation and integration…
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FreeCast Soars After Securing Starlink Business Reseller Partnership
FreeCast Inc. (NASDAQ:CAST) shares skyrocketed 170% on Thursday after the company announced a reseller agreement that will allow it to offer Starlink Business satellite broadband services alongside its existing media and technology platform solutions. The deal significantly expands FreeCast’s addressable market by combining high-speed connectivity with digital content, advertising and streaming services under a single…