Category: Include on Menu
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Marvell Shares Gain as Microsoft Expands Azure Security Partnership Across Europe
Marvell Technology (NASDAQ:MRVL) traded 1.6% higher on Monday morning, outperforming the broader market after the chipmaker revealed an expanded security partnership with Microsoft (NASDAQ:MSFT) focused on strengthening cloud protections in Europe. The company said Microsoft is broadening its adoption of Marvell’s LiquidSecurity hardware security modules (HSMs), enabling Azure to offer additional cloud-based security services to…
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Kala Bio Shares Jump After $6 Million Funding Deal With Investor David Lazar
KALA BIO, Inc. (NASDAQ:KALA) soared 28.3% in premarket trading on Monday after revealing that it has entered into a $6 million securities purchase agreement with private investor David E. Lazar. The company said it has already received $1.8 million from the first tranche of the two-part investment. As part of the deal, Lazar has taken…
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Wolfspeed Shares Jump After Securing $698.6 Million IRS Refund
Wolfspeed Inc. (NYSE:WOLF) saw its stock climb 10.4% in premarket trading on Monday after announcing it has received $698.6 million in cash tax refunds from the Internal Revenue Service. The refund was issued under the Advanced Manufacturing Investment Credit in Section 48D of the U.S. tax code and accounts for a sizable portion of the…
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Intercont (Cayman) Shares Skyrocket After Announcing Major Low-Carbon Shipping Partnership
Intercont (Cayman) Limited (NASDAQ:NCT) surged 47% in premarket trading on Monday after the company unveiled a new strategic partnership between its Singapore subsidiary, Openwindow, and CINCO INTERNATIONAL HONGKONG LIMITED. The collaboration is expected to deliver roughly $118.25 million in cumulative contract revenue and an estimated $88.96 million in cumulative net profit. The agreement focuses on…
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ProMIS Neurosciences Shares Advance After New Data Supports Alzheimer’s Trial Strategy
ProMIS Neurosciences Inc. (NASDAQ:PMN) rose 6% on Monday after new research findings bolstered confidence in the company’s biomarker-focused approach to Alzheimer’s disease drug development. The company said a peer-reviewed paper published in Alzheimer’s & Dementia: Translational Research & Clinical Interventions found that plasma phosphorylated tau (pTau) biomarkers may serve as reliable early indicators of clinical…
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FuelCell Energy Shares Decline After Company Secures $25 Million in EXIM Financing
FuelCell Energy Inc. (NASDAQ:FCEL) slid 4.3% on Monday following news that the company has finalized a new debt financing agreement with the Export-Import Bank of the United States (EXIM). The deal will provide roughly $25 million in gross proceeds before fees and reserves, giving the company additional capital to support its international growth plans, particularly…
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IDEAYA Biosciences Shares Climb After FDA Clears Bispecific ADC Candidate
IDEAYA Biosciences Inc. (NASDAQ:IDYA) advanced 5.1% in premarket trading on Monday after revealing that the FDA has cleared its investigational new drug (IND) application for IDE034, a potential first-in-class bispecific B7H3/PTK7 TOP1 antibody-drug conjugate. The oncology-focused precision medicine company expects to launch a Phase 1 clinical trial in the first quarter of 2026. The initial…
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Five Market Themes to Watch in the Week Ahead
A heavy slate of U.S. economic data will dominate attention this week as investors look to assess the health of the American economy before the Federal Reserve’s next rate decision. Expectations for a rate cut at next week’s meeting have been rising, but the upcoming indicators could offer a new—though delayed—window into inflation trends and…
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Canadian Solar Shares Jump 12% After Company Reclaims Direct Control of U.S. Operations
Canadian Solar Inc. (NASDAQ:CSIQ) rallied 12% on Monday after announcing that it will resume direct management of its U.S. business activities while continuing to shift more of its manufacturing footprint back to North America. The company plans to establish new joint ventures with U.S. investors and its majority-owned unit, CSI Solar Co., Ltd. As part…
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Barrick Shares Gain as Miner Considers IPO for North American Gold Portfolio
Barrick Mining Corporation (NYSE:B) (TSX:ABX) climbed 4.6% on Monday after revealing that it is evaluating a potential initial public offering for a newly created entity housing its top North American gold assets. The company said its Board of Directors has unanimously authorized management to assess the possibility of forming a subsidiary that would include Barrick’s…