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Acadia Pharmaceuticals Shares Drop After Phase 3 PWS Trial Misses Primary Goal
Shares of Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) fell 13% on Wednesday following the announcement that its Phase 3 COMPASS trial for Prader-Willi syndrome (PWS) did not meet the primary endpoint. The study tested intranasal carbetocin (ACP-101) for hyperphagia in PWS patients. The trial did not show a statistically significant improvement over placebo on the Hyperphagia Questionnaire…
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Uranium Energy Posts Lower-Than-Expected Fiscal Revenue, Shares Tick Up
Uranium Energy Corp (AMEX:UEC) reported fiscal 2025 revenue of $66.84 million on Wednesday, falling short of analyst expectations of $77.2 million, while registering a loss of -$0.20 per share versus the consensus estimate of -$0.18. Despite the revenue miss, the company’s shares rose 1.66% in pre-market trading. The producer sold 810,000 pounds of uranium in…
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Rivian Delivery Vans Face Preliminary NHTSA Review Over Seat Belt Concerns
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched an initial review of 17,198 Rivian (NASDAQ:RIVN) electric delivery vans amid questions about the performance of their seat belts. The agency announced the investigation on Wednesday, targeting the seat belt systems in these commercial electric vehicles. The evaluation will assess potential safety issues regarding how…
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Thor Industries Beats Q4 Expectations, Braces for “Another Challenging Year”
Thor Industries, Inc. (NYSE:THO) posted fourth-quarter results that exceeded analyst projections, with shares up 0.7% in premarket trading following the announcement. The recreational vehicle manufacturer reported adjusted earnings per share of $2.36 for the quarter ending July 31, 2025, surpassing the consensus estimate of $1.25 by $1.11. Revenue totaled $2.52 billion, above analysts’ expectations of…
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Lithium Americas Shares Surge 58% Amid Reports of U.S. Government Equity Interest
Shares of Lithium Americas Corp (NYSE:LAC) soared 58% on Wednesday after news surfaced that the U.S. government is exploring taking an equity stake in the lithium producer. The sharp rise in the stock price follows reports that federal officials are renegotiating the terms of a previously announced $2.3 billion loan. The original loan, aimed at…
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James Hardie Shares Slip 3.2% in U.S. on Incentives, Target Discrepancies
James Hardie (NYSE:JHX) shares fell 3.2% in U.S. trading after the company released its figures on material incentives and targets, which appear to diverge noticeably from market expectations, according to Citi. The building materials manufacturer’s reported numbers showed a clear departure from what analysts had projected, though Citi did not provide further details on the…
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ESSA Pharma Lowers XenoTherapeutics Merger Payout, Shares Fall 17%
ESSA Pharma (NASDAQ:EPIX) has revised the terms of its merger with XenoTherapeutics, sharply reducing the anticipated payout to shareholders at closing to around $0.12 per share, down from the prior estimate of $1.91 per share. Following the announcement, ESSA Pharma’s stock dropped 17% in premarket trading. The company had already distributed $1.69 per share to…
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Tesla Set for Strong Q3 Performance, Says Wolfe Research
Tesla (NASDAQ:TSLA) is on track to deliver a solid third quarter, according to Wolfe Research, which expects the automaker’s delivery numbers to come in ahead of Wall Street forecasts. “Q3 is poised to be a strong quarter,” Wolfe wrote, highlighting higher-than-anticipated demand in both the U.S. and China. The firm projects 465,000 to 470,000 deliveries,…
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Micron Rises in Premarket Trading as AI Demand Drives Strong Results and Forecast
Micron Technology (NASDAQ:MU) shares advanced in premarket U.S. trading on Wednesday following quarterly results that exceeded Wall Street expectations, accompanied by a positive outlook for the coming months. CEO Sanjay Mehrotra noted in a post-earnings call that the company’s performance was propelled by stronger-than-expected demand for its DRAM and NAND products. Headquartered in Boise, Idaho,…
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Ford issues recall for more than 115,000 trucks over steering issue
Ford Motor Company (NYSE:F) has announced a recall of 115,539 trucks in the U.S. after discovering a defect that could cause the upper shaft of the steering column to detach. The U.S. National Highway Traffic Safety Administration (NHTSA) reported the recall on Wednesday, warning that the malfunction may lead to a potential loss of steering…