Category: Top Story
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Boeing Explores Plans for 737 MAX Replacement, WSJ Says
Boeing Co (NYSE:BA) is reportedly planning a new single-aisle aircraft to eventually replace the 737 MAX, aiming to recover market share lost to Airbus (EU:AIR), according to the Wall Street Journal on Monday, citing sources familiar with the matter. The report states that CEO Kelly Ortberg met earlier this year with Rolls-Royce Holdings PLC (LSE:RR.)…
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Oil Slips on OPEC+ Supply Hike and Kurdish Export Resumption
Crude oil prices declined on Tuesday as investors weighed an anticipated increase in OPEC+ production alongside the resumption of oil exports from Iraq’s semi-autonomous Kurdistan region via Turkey, stoking concerns about a potential oversupply. November Brent crude futures, expiring on Tuesday, fell 28 cents, or 0.4%, to $67.69 a barrel by 06:30 GMT, while December…
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Gold Climbs to Record Levels as U.S. Shutdown Risk Weighs on Markets
Gold prices surged to new record highs in Asian trading on Tuesday, extending a strong rally over the past week as investors weighed the risk of an impending U.S. government shutdown. Persistent expectations for additional Federal Reserve rate cuts also supported metals, although silver and platinum eased slightly after Monday’s sharp gains. Copper prices also…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Futures Slide as Shutdown Deadline Looms; Gold Surges
U.S. equity futures moved lower on Tuesday as investors focused on a tense standoff in Washington over federal funding, with a potential government shutdown just hours away. A meeting between Republican and Democratic leaders and President Donald Trump on Monday ended without resolution, amplifying uncertainty. The risk of a shutdown has helped push gold prices…
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Electronic Arts Set to Go Private in $55 Billion Deal Led by Saudi PIF and Silver Lake
Electronic Arts (NASDAQ:EA), the renowned video game developer behind franchises such as Battlefield and Madden NFL, is set to go private in a $55 billion transaction backed by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Jared Kushner’s Affinity Partners. Under the agreement, EA shareholders will receive $210 per share in cash, with PIF…
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Carnival Shares Surge Following Record-Breaking Q3 Earnings
Carnival Corporation (NYSE:CCL) shares climbed 5% in premarket trading Monday after the cruise giant reported record third-quarter results that exceeded Wall Street expectations, driven by robust demand and higher onboard pricing. The company posted adjusted earnings of $1.43 per share for Q3, surpassing analyst forecasts of $1.32. Revenue reached a new high of $8.2 billion,…
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Applied Therapeutics Shares Plunge Following FDA Meeting on CMT-SORD Treatment
Applied Therapeutics (NASDAQ:APLT) saw its stock dive 55% in premarket trading Monday after the company disclosed uncertainty around the regulatory pathway for govorestat, its therapy for Charcot-Marie-Tooth Sorbitol Dehydrogenase Deficiency (CMT-SORD). The clinical-stage biopharmaceutical firm recently met with the U.S. Food and Drug Administration (FDA) to discuss a potential new drug application for govorestat. However,…
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USA Rare Earth Shares Jump After $100M Acquisition of UK Rare Earth Producer
USA Rare Earth Inc. (NASDAQ:USAR) surged 9% in premarket trading Monday following the announcement of a definitive agreement to acquire LCM, a UK-based producer of rare earth metals and alloys, for $100 million in cash plus 6.74 million USAR common shares. The acquisition represents a major milestone in USAR’s mine-to-magnet strategy, creating a fully integrated…
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Oklo Shares Climb Following Strategic Alliance with Swedish Nuclear Firm
Oklo Inc. (NYSE:OKLO) saw its stock rise 6.1% in premarket trading Monday after announcing a strategic partnership with Swedish nuclear company Blykalla AB, including a $5 million investment commitment. Through this agreement, the U.S.-based Oklo will co-lead Blykalla’s upcoming funding round with the $5 million commitment, reinforcing transatlantic cooperation aimed at accelerating the commercialization of…
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Datavault AI Shares Jump After IBM Commits Resources to Partnership
Datavault AI Inc (NASDAQ:DVLT) surged 21.1% in premarket trading Monday following news of a multi-million-dollar resource commitment from IBM (NYSE:IBM) to support the growth of Datavault’s AI-driven data platform. The collaboration will provide Datavault with access to IBM’s engineering expertise, technical sales teams, and quantum computing capabilities, helping accelerate both product innovation and market expansion.…