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Shares of Prime Medicine, Inc. (NASDAQ:PRME) fell 19.2% following the company’s announcement of a strategic restructuring focused on large genetic liver diseases and cystic fibrosis, alongside significant leadership changes. The biotech firm plans to deprioritize its Chronic Granulomatous Disease (CGD) programs and reduce its workforce by about 25% to concentrate on its liver franchise and…

Sable Offshore Corp. (NYSE:SOC) stock jumped 20% after announcing the restart of oil production at the Santa Ynez Unit and expected oil sales from the Las Flores Pipeline System in July 2025. Since May 15, six wells on Platform Harmony (JO:HARJ) have been producing about 6,000 barrels per day flowing to Las Flores Canyon. The…

Tesla’s high market valuation remains difficult to justify and may become even harder to defend soon, according to Morgan Stanley analysts. “Nearly 15 years after going public, investors struggle to justify the value of Tesla (NASDAQ:TSLA) as much as ever before,” the analysts wrote in a note to clients on Monday. “We expect this valuation…

Gilat Satellite Networks Ltd (NASDAQ:GILT) reported Q1 2025 earnings that missed analyst expectations, causing shares to fall 9.5% in early trading. Adjusted EPS came in at $0.03, below the $0.07 consensus, while revenue was $92 million, slightly under the projected $94.47 million but up 21% year-over-year. The company recorded a GAAP net loss of $6.0…

Target Hospitality Corp. (NASDAQ:TH) posted a wider-than-expected net loss of $6.5 million ($0.07 per share) for Q1 2025, compared to a net income of $20.4 million ($0.20 per share) in the same period last year. The loss exceeded analysts’ estimate of $0.01 per share. Revenue declined 34.5% year-over-year to $69.9 million, slightly missing the $70…

Copper prices edged higher in early trading, supported by a fourth consecutive weekly decline in inventories and a softer U.S. dollar. The London Metal Exchange’s three-month copper contract increased 0.6% to $9,493 per metric ton, while the U.S. dollar index dropped 0.75% to 100.33, boosting commodity demand for holders of other currencies. However, gains were…

Cryptocurrency-related stocks in the U.S. dropped in premarket trading, tracking the decline in Bitcoin’s price amid heightened risk aversion after Moody’s downgraded the country’s top credit rating. Notable movers included Coinbase (NASDAQ: COIN), down 3.1%, MicroStrategy (NASDAQ: MSTR), off 1.2%, and Bitfarms, which fell 4.3%. Cipher Mining (NASDAQ: CIFR) saw a significant 6.5% decline, while…

ICL (NYSE: ICL) announced first-quarter earnings on Monday that missed analyst estimates, with revenue declining more than anticipated. The fertilizer and specialty chemicals company’s shares fell 1.93% in pre-market trading following the report. ICL posted adjusted earnings per share (EPS) of $0.09 for the quarter, below the consensus estimate of $0.10. Revenue came in at…

Shares of TXNM Energy (NYSE: TXNM) surged 9.2% after the company announced it has agreed to be acquired by Blackstone Infrastructure (NYSE: BX) in a deal valuing TXNM Energy at $61.25 per share in cash. The transaction implies a total enterprise value of $11.5 billion, including net debt and preferred stock. The offer price represents…

MicroStrategy Incorporated (NASDAQ: MSTR) has continued expanding its bitcoin holdings while raising capital through recent stock offerings. Between May 12 and May 18, 2025, the company sold approximately 1.71 million shares of its Class A common stock, generating net proceeds of $705.7 million and leaving nearly $19 billion worth of shares available for future sale.…