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Oil rebound may pressure Wall Street after prior session rally: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures are pointing to a weaker open on Tuesday, suggesting markets may pull back after the strong gains recorded in the previous trading session. The expected decline comes as crude oil prices rebound, with global benchmark Brent crude futures climbing back above $100 per barrel. Brent futures had dropped nearly 11% on…
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Karyopharm shares rise 10% after mixed Phase 3 SENTRY trial results
Karyopharm Therapeutics Inc. (NASDAQ:KPTI) shares climbed 10% on Tuesday after the company released mixed results from its Phase 3 SENTRY trial evaluating selinexor in combination with ruxolitinib for patients with frontline myelofibrosis. The study achieved its first co-primary endpoint, demonstrating a statistically significant improvement in spleen volume reduction. However, the trial did not meet its…
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United Airlines plans to add over 250 aircraft to fleet by April 2028
United Airlines (NASDAQ:UAL) said it plans to expand its fleet by more than 250 aircraft by April 2028, a move the carrier says would represent the largest number of aircraft added by any airline over a two-year period. The expansion includes several new aircraft types and updated cabin layouts. Among them are 40 Airbus A321neo…
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Zonos adopts CoreWeave cloud platform to support cross-border commerce systems
CoreWeave Inc. (NASDAQ:CRWV) said cross-border commerce technology provider Zonos has chosen the CoreWeave Cloud platform to run its AI-powered systems for managing duties, taxes and international checkout processes. Zonos supports global retailers and logistics organizations such as Cotopaxi, LIV Golf, USPS and Canada Post. Its technology calculates duties, taxes and checkout requirements in real time…
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Klarna shares gain 4% after expanding $2bn financing deal with Elliott
Klarna (NYSE:KLAR) shares climbed 4% after the digital payments company announced it had expanded its financing facility with Elliott Investment Management to $2 billion, strengthening a partnership designed to support up to $17 billion in U.S. loan originations. The updated agreement extends the partnership’s duration from two years to three and builds on the arrangement…
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Hesai posts first annual profit as lidar deliveries surge
Hesai (NASDAQ:HSAI) reported a GAAP net profit of 153 million yuan for the fourth quarter, in line with market expectations. The company also delivered its first full-year GAAP profit, totaling 436 million yuan, within its projected range of 350 million to 450 million yuan. The lidar manufacturer shipped 631,000 units during the fourth quarter, a…
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Netgear shares jump 12% after FCC bans imports of certain foreign-made routers
Netgear (NASDAQ:NTGR) shares surged 12% on Tuesday after the U.S. Federal Communications Commission announced a ban on imports of new models of consumer wireless routers manufactured overseas. The restriction follows a determination by an inter-agency panel that some imported networking equipment could pose national security risks. Although the FCC said companies may seek exemptions, the…
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Fennec Pharmaceuticals misses Q4 estimates on earnings and revenue
Fennec Pharmaceuticals Inc. (NASDAQ:FENC) reported fourth-quarter results on Tuesday that came in below analyst forecasts, posting a loss of -$0.17 per share compared with the consensus estimate of $0.03. Revenue totaled $13.77 million, also falling short of the analyst estimate of $14.56 million, though it represented a 75% increase from $7.9 million in the fourth…
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Perma-Fix shares slide nearly 9% after fourth-quarter earnings and revenue miss
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) reported fourth-quarter results on Tuesday that came in below analyst expectations. The company’s shares fell about 8.7% in pre-market trading following the release. The nuclear waste management company reported a quarterly loss of $0.31 per share, missing the consensus analyst estimate of $0.09 per share. Revenue totaled $15.7 million, also…
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Achieve Life Sciences reports fourth-quarter results in line with expectations
Achieve Life Sciences Inc. (NASDAQ:ACHV) reported fourth-quarter results that matched analyst forecasts, posting a loss of -$0.28 per share, in line with the consensus estimate of -$0.28. The company’s shares were unchanged in pre-market trading following the announcement. The late-stage pharmaceutical company, which is developing cytisinicline as a treatment for nicotine dependence, reported a net…