Category: Include on Menu
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ACI Worldwide and Cognizant Complete BASE24-eps Performance Testing on AWS
ACI Worldwide (NASDAQ:ACIW) and Cognizant (NASDAQ:CTSH) announced results from joint performance testing of BASE24-eps, ACI’s card acquiring and issuing software component, deployed on Amazon Web Services. According to ACI Worldwide, the system sustained more than twice the target transaction load for 30 minutes without recording a failed transaction. Across the full test, BASE24-eps processed more…
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Scynexis Shares Rise 13.9% After BARDA Awards SCY-247 Development Contract
Scynexis (NASDAQ:SCYX) shares rose 13.9% in pre-market trading after the company announced a contract with the U.S. Biomedical Advanced Research and Development Authority to support development of its SCY-247 antifungal candidate. The BARDA contract provides potential funding of up to approximately $214 million if all options are exercised and could extend for as long as…
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AngloGold Ashanti Shares Fall 7.3% as Oil Prices and Treasury Yields Rise
AngloGold Ashanti (NYSE:AU) shares fell 7.3% to $91.81 in pre-market trading as crude oil prices and U.S. Treasury yields moved higher and broader U.S. equity markets declined. Brent crude rose above $108 per barrel, while West Texas Intermediate also advanced after U.S. President Donald Trump rejected ceasefire terms presented by Iran. Higher energy prices can…
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Snowflake Shares Fall After $3.5 Billion Convertible Note Offering
Snowflake (NYSE:SNOW) shares fell 4% on Monday after the enterprise software company announced plans to raise $3.5 billion through a private offering of convertible senior notes. The offering consists of $1.3 billion of convertible notes due in October 2029 and $2.2 billion of notes due in October 2031. The securities will be offered to qualified…
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Roche Plans Autonomous AI-Driven Laboratories for Drug Development
Roche (USOTC:RHHBY) plans to develop autonomous artificial intelligence-driven laboratories as part of its research and development activities, the Swiss pharmaceutical company said Monday. Aviv Regev, executive vice president of Genentech Research and Early Development, said Roche is pursuing “AI independence” in research and development and has started constructing autonomous AI-driven laboratories. The initiative forms part…
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Kodiak Sciences Shares Rise After DAYBREAK Phase 3 Trial Results
Kodiak Sciences (NASDAQ:KOD) shares rose 31.9% in pre-market trading after the company released topline results from its DAYBREAK pivotal Phase 3 study evaluating two investigational therapies in patients with wet age-related macular degeneration. The study evaluated Zenkuda (tarcocimab tedromer) and KSI-501 (tabirafusp alfa tedromer), with aflibercept serving as the active comparator. Kodiak hosted a webcast…
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Nvidia Launches Open Agent Safety Platform for AI Deployment
Nvidia (NASDAQ:NVDA) announced the Nvidia Open Agent Safety Platform on September 28, an open software platform and reference system design intended to provide security controls for AI agents from testing through deployment. The platform consists of two primary components, Nvidia OpenShell and Nvidia Sentry, and is being developed with participation from more than 100 organizations…
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General Motors CFO Says Company Preparing for Increased US Competition
General Motors (NYSE:GM) plans to operate with a lean cost structure as it prepares for increased competition in the U.S. automotive market, Chief Financial Officer Paul Jacobson told the Financial Times in an interview published Monday. Jacobson said international automakers facing greater competitive pressure from Chinese manufacturers in overseas markets could increasingly focus on the…
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Roblox Shares Fall After Jefferies Downgrades Stock to Underperform
Roblox (NYSE:RBLX) shares fell 4.0% in pre-market trading after Jefferies downgraded the stock to Underperform from Hold and lowered its price target to $38. The new price target represents approximately 18% downside from Friday’s closing price. Jefferies said its downgrade reflected its assessment that the roughly 30% increase in Roblox shares following the company’s second-quarter…
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Apple and Amazon Face UK Consumer Lawsuit Over Marketplace Sales
Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) will face part of a UK consumer lawsuit alleging that restrictions on sellers of Apple products on Amazon’s UK marketplace reduced competition and increased prices. Britain’s Competition Appeal Tribunal on Monday allowed claims concerning Apple products purchased through Amazon’s marketplace to proceed, while rejecting broader claims covering products bought directly…