Category: Include on Menu
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Walmart appoints John Furner as next CEO, succeeding Doug McMillon in 2026
Walmart Inc. (NYSE:WMT) announced that its board of directors has chosen John Furner to become the company’s next president and chief executive officer, with his appointment set to take effect on February 1, 2026. Furner, 51, will take over from longtime CEO Doug McMillon, 59, who plans to retire on January 31, 2026. Alongside the…
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Anavex shares collapse after CHMP issues negative signal on Alzheimer’s therapy
Anavex Life Sciences Corp. (NASDAQ:AVXL) saw its stock plunge by 50% on Friday after revealing that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) delivered a negative trend vote on its Alzheimer’s drug candidate, blarcamesine. The company said the CHMP is expected to issue a final opinion on the therapy’s Marketing…
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Legence stock climbs as strong Q3 revenue marks impressive debut after IPO
Legence Corp. (NASDAQ:LGN) delivered a stronger-than-expected third-quarter report on Friday, posting revenue of $708 million—well above analyst forecasts of $638.93 million—and representing a 26% year-over-year surge in its first earnings release since going public. The engineering and installation services firm reported adjusted EBITDA of $88.8 million, up 39% from the same period last year. Despite…
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Spire posts wider-than-expected Q4 loss, revenue falls short of estimates
Spire Inc. (NYSE:SR) reported a deeper adjusted loss in its fiscal fourth quarter, posting -$0.47 per share compared with analyst expectations of -$0.43. Quarterly revenue totaled $334.1 million, significantly below the consensus estimate of $422.84 million. For fiscal year 2025, Spire generated adjusted earnings of $4.44 per share, a 7.5% improvement from $4.13 in 2024.…
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Avadel shares jump after receiving higher $23-per-share takeover proposal
Avadel Pharmaceuticals plc (NASDAQ:AVDL) surged 16% on Friday after announcing that it had received an unexpected acquisition proposal from H. Lundbeck A/S, valuing the company at up to $23.00 per ordinary share. Lundbeck’s bid includes $21.00 per share in cash at closing, along with a non-transferable contingent value right (CVR) that could deliver up to…
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Bristol Myers Squibb shares slide after halting key heart trial
Bristol Myers Squibb (NYSE:BMY) dropped 5.2% in premarket trading on Friday after the pharmaceutical company said it would stop its Phase 3 Librexia ACS study of milvexian in patients with acute coronary syndrome. The move comes after a planned interim review by the Independent Data Monitoring Committee, which concluded the study was unlikely to achieve…
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Applied Materials shares fall after cautionary outlook on China chip investment
Applied Materials (NASDAQ:AMAT) slid more than 4% in U.S. premarket trading on Friday after cautioning that chip-equipment spending in China is set to decline next year, as the country faces tighter U.S. export restrictions. The company disclosed that roughly $110 million worth of products remained unshipped in its fiscal fourth quarter due to export limits—measures…
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Amazon joins Microsoft in supporting U.S. push to restrict Nvidia’s China sales – WSJ
Amazon (NASDAQ:AMZN) is aligning with Microsoft (NASDAQ:MSFT) in supporting new U.S. legislation designed to tighten controls on Nvidia’s (NASDAQ:NVDA) chip exports to China, the Wall Street Journal reported Thursday, citing congressional aides and people familiar with the discussions. Microsoft has already publicly endorsed the Gain AI Act—a proposed bill that would require Nvidia and other…
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Bitcoin drops to six-month low under $100,000 as expectations for a December Fed cut fade
Bitcoin (COIN:BTCUSD) sank below the key $100,000 mark on Friday, sliding in tandem with a broader pullback in high-risk assets as traders increasingly doubted the likelihood of the Federal Reserve delivering a rate cut in December. The world’s largest cryptocurrency was also poised to notch its third straight weekly decline, with institutional participation weakening noticeably.…
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Oil rises 1% after Ukrainian strike hits Russian export hub
Oil prices moved higher on Friday, gaining roughly 1% after a Ukrainian drone strike damaged an oil depot in Novorossiysk, one of Russia’s key Black Sea export terminals. By 07:01 GMT, Brent crude futures were up 79 cents, or 1.25%, at $63.80 a barrel, while U.S. West Texas Intermediate crude climbed 82 cents, or 1.38%,…