Category: Top Story
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Nasdaq and NYSE’s biggest gainers and losers in Monday’s premarket
Pre-market sentiment reflected optimism across U.S. stock markets. On the NYSE , about 66%, or 1,322 companies, rose, while 388 (nearly 19%) fell and 266 remained flat. On the Nasdaq , among 3,445 monitored companies, 2,236 shares rose (approximately 64%), 897 fell (around 26%), while 312 shares remained unchanged. Largest NYSE Pre-Market Swings The three biggest gainers in premarket…
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Verizon Names Dan Schulman as New CEO, Succeeding Hans Vestberg
Verizon Communications Inc. (NYSE:VZ) announced on Monday the appointment of Dan Schulman as its new chief executive officer, effective immediately, succeeding Hans Vestberg, who has led the company for the past eight years. Schulman, best known for his tenure as CEO of PayPal Holdings Inc., has served on Verizon’s board of directors since 2018 and…
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OneMedNet Shares Jump, Palantir Rises on Multi-Year AI Healthcare Partnership
OneMedNet Corp (NASDAQ:ONMD) shares surged 41.8%, while Palantir Technologies Inc (NYSE:PLTR) rose 2.9% in premarket trading Monday after the two companies announced a multi-year collaboration aimed at transforming AI and Real-World Data (RWD) analytics in healthcare. The partnership will combine Palantir’s Artificial Intelligence Platform (AIP) with OneMedNet’s iRWD™ provider network, enabling life sciences firms, medical…
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Spruce Biosciences Shares Surge After FDA Grants Breakthrough Therapy Designation
Shares of Spruce Biosciences (NASDAQ:SPRB) jumped 60% on Monday after the company announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation for its investigational enzyme replacement therapy, tralesinidase alfa (TA-ERT), developed for the treatment of Sanfilippo Syndrome Type B. The FDA designation — which accelerates the development and review process…
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Smurfit Westrock Shares Slip as Mondi Profit Warning Hits Paper and Packaging Stocks
Shares of Smurfit Westrock (NYSE:SW) fell 4.5% on Monday, while International Paper (NYSE:IP) dropped 3.8%, after rival Mondi issued a profit warning, saying that tough market conditions are expected to persist through the end of the year and that its quarterly earnings came in below forecasts. Mondi’s shares plunged as much as 16%, marking their…
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Skye Bioscience Shares Plunge After Weight Loss Drug Fails Mid-Stage Trial
Shares of Skye Bioscience (NASDAQ:SKYE) collapsed 65% on Monday after the company announced disappointing Phase 2a trial results for nimacimab, its experimental drug aimed at promoting weight loss. The San Diego-based biotech firm reported that nimacimab monotherapy failed to achieve its primary endpoint in the CBeyond™ trial. Patients treated with the drug recorded only a…
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Snow Lake Shares Jump After Deal to Acquire Global Uranium and Enrichment
Shares of Snow Lake Resources Ltd. (NASDAQ:LITM) surged 10% on Monday after the company announced it has signed a definitive agreement to acquire Global Uranium and Enrichment Limited (GUE), in a move aimed at building a U.S.-focused nuclear fuel cycle company. The acquisition will bring together Snow Lake’s existing 50/50 joint venture with GUE on…
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Chevron Confirms El Segundo Refinery Fire Out, Implements Operational Changes
Chevron (NYSE:CVX) said Monday that the fire that broke out at its El Segundo refinery has been completely extinguished, and crews remain on-site managing the aftermath of the incident, which occurred on Friday. “With the fire completely extinguished, we will be making operational adjustments to support the continued safe and reliable operation of our facility,”…
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Euro Falls After France’s New Prime Minister Abruptly Resigns
The euro dropped against the U.S. dollar on Monday after France’s newly appointed Prime Minister, Sébastien Lecornu, unexpectedly stepped down, deepening political uncertainty in the eurozone’s second-largest economy. By 05:38 ET (09:38 GMT), the euro was down around 0.7% at $1.1664, while French stocks fell sharply as investors digested the news. Lecornu, a trusted ally…
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Gold Tops $3,900 as Investors Seek Safety Amid Rate Cut Expectations and Political Turmoil
Gold prices climbed above the $3,900-per-ounce mark for the first time on Monday, setting another record high as investors sought safety in the precious metal amid the ongoing U.S. government shutdown, growing bets on interest rate cuts, and broader global uncertainty. Spot gold rose 1.3% to $3,939.00 an ounce by 08:11 ET (12:11 GMT), after…