Category: Top Story
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Kimberly-Clark Shares Drop as $48.7 Billion Kenvue Acquisition Sparks Legal Concerns
Kimberly-Clark (NASDAQ:KMB) shares tumbled more than 13% on Monday after the company announced a major cash-and-stock acquisition of Kenvue (NYSE:KVUE), valuing the consumer health firm at an enterprise value of roughly $48.7 billion. Under the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 shares of Kimberly-Clark for each Kenvue share held.…
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Freshpet Shares Surge After Q3 Earnings Blow Past Expectations
Freshpet, Inc. (NASDAQ:FRPT) shares climbed 5.3% on Monday after the pet food company reported third-quarter results that sharply outperformed Wall Street estimates, supported by robust sales growth and improved profitability. The company posted adjusted earnings of $1.86 per share, far exceeding the consensus forecast of $0.43. Revenue rose 14% year-on-year to $288.8 million, topping analyst…
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uniQure Shares Collapse 75% After FDA Reverses Position on Huntington’s Therapy
uniQure N.V. (NASDAQ:QURE) shares plunged 75% on Monday after the biotech company announced a major regulatory setback for its experimental Huntington’s disease gene therapy, AMT-130. The Netherlands-based firm revealed that the U.S. Food and Drug Administration (FDA) no longer agrees that data from Phase I/II trials, when compared with external control datasets, would be sufficient…
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Beyond Meat Delays Q3 Earnings Release to Complete Impairment Review
Beyond Meat (NASDAQ:BYND) has delayed the release of its third-quarter financial results to November 11, citing the need for additional time to finalize an accounting review. The company said it is assessing a material non-cash impairment charge tied to certain long-lived assets. The plant-based meat company explained that it requires more time and resources to…
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IREN Shares Soar on $9.7 Billion AI Cloud Partnership with Microsoft
IREN Limited (NASDAQ:IREN) surged more than 24% in premarket trading Monday after announcing a five-year GPU cloud services deal with Microsoft (NASDAQ:MSFT) valued at approximately $9.7 billion, marking one of the largest AI infrastructure partnerships in recent months. As part of the agreement, IREN will supply Microsoft with access to NVIDIA (NASDAQ:NVDA) GB300 GPUs, with…
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Five Market Themes to Watch in the Coming Week
The trading week ahead begins under the shadow of a prolonged U.S. government shutdown, which continues to delay key economic reports, including the crucial nonfarm payrolls data. Meanwhile, the U.S. Supreme Court is set to hear arguments on the legality of former President Donald Trump’s sweeping tariffs, while investors await quarterly results from Advanced Micro…
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Berkshire Hathaway’s Cash Hoard Hits Record $382 Billion After Strong Q3 Results
Berkshire Hathaway (NYSE:BRK.B) posted robust third-quarter earnings, showcasing the resilience of its core insurance operations and conservative financial strategy. Analysts pointed to the company’s impressive cash generation and improved underwriting performance as key drivers behind the results. The conglomerate’s cash reserves surged to a record $381.7 billion, up from $277 billion a year earlier, while…
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Tesla Signs $2.11 Billion Battery Supply Deal with Samsung SDI – Report
South Korea’s Samsung SDI has reportedly entered into a major supply agreement with Tesla (NASDAQ:TSLA) to provide more than ₩3 trillion (approximately $2.11 billion) worth of Energy Storage System (ESS) batteries over the next three years, according to a report published Monday by the Korea Economic Daily. The newspaper cited an unnamed industry source, noting…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Palantir Results on Deck; Trump Weighs In on Nvidia Chip Exports — Market Movers Today
U.S. stock futures were little changed early Monday, as traders looked ahead to another round of corporate earnings while bracing for a lack of key U.S. economic data amid the protracted government shutdown. The closure, now lasting over a month, threatens to delay another critical snapshot of the labor market. Meanwhile, attention is also on…
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Dollar Inches Higher as Markets Await Key U.S. Economic Data
The U.S. dollar edged higher on Monday, staying close to a three-month high as investors awaited private sector reports that could offer new clues about the health of the U.S. economy. By 04:15 ET (09:15 GMT), the Dollar Index — which measures the greenback’s value against a basket of six major currencies — rose 0.1%…