Category: Top Story
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Spire Global shares rise after €3 million EUMETSAT contract renewal
Spire Global Inc. (NYSE:SPIR) shares gained 2.9% in premarket trading Wednesday after the company announced it had secured a €3 million contract renewal with EUMETSAT, Europe’s meteorological satellite organization. The two-year operational contract, set to begin on August 14, 2024, extends Spire’s role in providing radio occultation (RO) data to EUMETSAT. This data offers vital…
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PubMatic shares jump 13% after NVIDIA partnership boosts ad processing speed fivefold
PubMatic (NASDAQ:PUBM) shares surged 13% on Wednesday after the company reported a major breakthrough from its multi-year collaboration with NVIDIA (NASDAQ:NVDA), achieving ad decision processing speeds up to five times faster than traditional systems. The independent ad tech firm has fully integrated NVIDIA’s accelerated computing technology into its infrastructure, slashing inference latency from the industry…
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TransCode Therapeutics shares surge 50% after acquiring Polynoma and securing $25 million financing
TransCode Therapeutics (NASDAQ:RNAZ) shares jumped 50% on Wednesday after the company announced the acquisition of Polynoma alongside a $25 million strategic investment from a subsidiary of CK Life Sciences. The acquisition significantly enhances TransCode’s oncology pipeline by adding Polynoma’s Phase 3-ready candidate, seviprotimut-L, a polyvalent shed antigen vaccine developed for adjuvant treatment of melanoma. At…
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CVS Health shares slip as Amazon moves to expand pharmacy operations
CVS Health (NYSE:CVS) shares fell more than 1% in premarket trading Wednesday after Amazon (NASDAQ:AMZN) announced a major expansion of its pharmacy business. Amazon said its pharmacy division will start dispensing prescriptions for common medications through electronic kiosks located inside its One Medical primary care clinics beginning in December. The new kiosks will represent Amazon…
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Fair Isaac shares drop after Equifax unveils lower VantageScore pricing
Fair Isaac Corp. (NYSE:FICO) shares fell 3.2% in premarket trading Wednesday after Equifax announced competitive pricing for its VantageScore 4.0 credit scoring service. Equifax said it will offer mortgage credit scores through VantageScore 4.0 at $4.50 per score until the end of 2027, a move seen as a direct challenge to the long-dominant FICO credit…
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AlphaTON shares surge 200% after unveiling digital asset-powered oncology initiative
Shares of AlphaTON Capital Corp (NASDAQ:ATON) soared 200% on Wednesday after the company announced plans to explore the tokenization of its mesothelioma treatment program, marking a first-of-its-kind effort to merge blockchain technology with oncology innovation. The company said it has signed a non-binding letter of intent to evaluate tokenizing the single-indication economics of its TT-4…
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TopBuild acquires Specialty Products and Insulation in $1 billion all-cash deal
TopBuild Corp (NYSE:BLD) has completed the $1 billion acquisition of Specialty Products and Insulation (SPI) in an all-cash transaction aimed at strengthening its specialty distribution business and expanding its footprint in the commercial and industrial markets. The deal, which closed on October 7, was financed entirely with cash on hand, including proceeds from a senior…
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AST SpaceMobile shares surge after securing commercial deal with Verizon
Shares of AST SpaceMobile (NASDAQ:ASTS) jumped 7% on Wednesday after the company announced it had signed a definitive commercial agreement with Verizon (NYSE:VZ) to deliver space-based cellular broadband service across the continental United States. Under the agreement, AST SpaceMobile will begin providing direct-to-device connectivity for Verizon customers using standard smartphones starting in 2026. The deal…
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Karyopharm shares slide after unveiling $100 million financing package
Shares of Karyopharm Therapeutics (NASDAQ:KPTI) fell 13% on Wednesday after the commercial-stage biopharmaceutical company announced a set of strategic financing transactions designed to provide $100 million in additional liquidity and capital resources. The Newton, Massachusetts-based firm said the new financing will extend its cash runway into the second quarter of 2026. The transactions, expected to…
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NANO Nuclear shares drop after unveiling $400 million private placement
Shares of NANO Nuclear Energy Inc. (NASDAQ:NNE) fell 9% on Wednesday after the advanced nuclear technology firm announced a $400 million private placement of its common stock. The company said it has entered into securities purchase agreements with institutional investors for 8,490,767 shares in an oversubscribed offering priced at market value under Nasdaq rules. The…