Category: Top Story

IREN Limited (NASDAQ:IREN) stock jumped 7.1% in premarket trading on Tuesday after the company announced a series of new multi-year cloud service agreements with major artificial intelligence (AI) clients for NVIDIA Blackwell GPU deployments. The AI infrastructure company said it has now signed customer contracts covering 11,000 of the 23,000 GPUs currently in operation or…

Shares of AST SpaceMobile Inc. (NASDAQ:ASTS) dropped 7% on Tuesday morning after the satellite communications company announced plans to raise up to $800 million through an at-the-market (ATM) stock offering. In a recent regulatory filing, AST SpaceMobile said it had entered into an equity distribution agreement with ten major investment banks that will act as…

Ford Motor (NYSE:F) shares fell 1.6% in early trading on Tuesday after a Wall Street Journal report revealed that a major fire at a key aluminum supplier’s facility could disrupt the automaker’s production for several months. The blaze destroyed a large portion of Novelis’s Oswego, New York plant, which supplies about 40% of the aluminum…

Rekor Systems (NASDAQ:REKR) shares surged 23% on Tuesday after the company announced it had secured its largest statewide contract to date with the Georgia Department of Transportation (GDOT) — a deal valued at a minimum of $50 million over its full term. The multi-year agreement, which may be extended up to seven years at GDOT’s…

James Hardie Industries plc (NYSE:JHX) shares surged 10% on Tuesday after the building materials manufacturer posted preliminary second-quarter results that came in well above Wall Street expectations, thanks to resilient performance in its Siding & Trim division. The company said it expects net sales between $1.29 billion and $1.30 billion for the quarter — far…

Jade Biosciences (NASDAQ:JBIO) shares surged 20% on Tuesday after the clinical-stage biotech company unveiled JADE201, a new potentially best-in-class therapy for autoimmune diseases, alongside news of a $135 million private investment in public equity (PIPE) financing round. JADE201 is an investigational half-life extended, afucosylated monoclonal antibody designed to target the B-cell activating factor receptor (BAFF-R).…

Lexeo Therapeutics (NASDAQ:LXEO) shares skyrocketed 25% on Tuesday after the clinical-stage genetic medicine company announced significant progress in its discussions with the U.S. Food and Drug Administration (FDA) regarding an accelerated approval pathway for LX2006, its investigational treatment for Friedreich ataxia cardiomyopathy. According to Lexeo, the FDA is open to allowing pooled data from the…

McCormick & Company (NYSE:MKC) shares edged up 1% in premarket trading on Monday after the global spice and flavoring leader reported third-quarter results that topped Wall Street forecasts, marking its fifth straight quarter of volume-driven growth despite ongoing cost headwinds. For the quarter ended August 31, the company posted adjusted earnings per share of $0.85,…

James Hardie Industries (NYSE:JHX) shares jumped 14% in premarket trading on Tuesday after the building materials giant reported preliminary second-quarter sales between $1.29 billion and $1.3 billion, well above analyst estimates of $1.17 billion. The company also posted earnings per share of $0.26, easily surpassing the consensus forecast of $0.15. The strong results were fueled…