Category: Top Story

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares tumbled 30% on Monday after the energy storage and battery technology company announced the pricing of a new underwritten public offering. The Nevada-based firm priced 20 million shares of common stock at $1.25 per share, a steep discount from Friday’s closing price of $1.89. The offering is expected to…

Heidrick & Struggles International (NASDAQ:HSII) shares jumped 20% in premarket trading Monday after the global leadership advisory and executive search firm announced it will be acquired by a consortium led by Advent International and Corvex Private Equity in an all-cash transaction valued at approximately $1.3 billion. Under the terms of the agreement, Heidrick shareholders will…

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares rose 6.5% in premarket trading Monday after the company reported a sharp year-over-year increase in Bitcoin production for September. The digital infrastructure firm said it mined 267 Bitcoin last month, an 8% rise from August’s 247 BTC and a 138% increase compared to the 112 BTC mined in September…

Gilead Sciences Inc. (NASDAQ:GILD) shares climbed 4.5% on Monday after the company announced it had resolved patent litigation with several generic drugmakers involving its blockbuster HIV therapy Biktarvy. The biopharmaceutical firm said it has reached settlement agreements with Lupin Ltd., Cipla Ltd., and Laurus Labs Ltd., which had submitted abbreviated new drug applications (ANDAs) to…

Axalta Coating Systems Ltd. (NYSE:AXTA) shares rose 2.3% in premarket trading Monday after the company announced it will introduce two advanced coatings designed for electric vehicle (EV) battery applications. The global coatings manufacturer will debut Alesta e-PRO FG Black and Alesta e-PRO Dielectric Gray at The Battery Show North America. Both products were specifically engineered…

Shares of Churchill Capital Corp X (NASDAQ:CCCX) climbed 11% on Monday after Citron Research spotlighted the SPAC as a promising investment opportunity in the quantum computing space. The research firm described CCCX as “the MOST compelling trade in quantum,” recommending investors buy it against any position in Rigetti Computing (NASDAQ:RGTI). Citron added that Infleqtion, the…

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…

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…

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…

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…