Category: Top Story
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WORK Medical shares gain after strategic AI health tech investment
WORK Medical Technology Group Ltd (NASDAQ:WOK) saw its stock climb 4.5% on Tuesday after announcing a $1 million strategic investment in Neologics Bioscience Inc., a Delaware-based medical technology company specializing in artificial intelligence integration for healthcare applications. The investment secures WORK Medical a 10% equity stake in Neologics on a post-investment basis, bringing the startup’s…
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Peoples Bancorp posts in-line Q3 earnings as loan growth cushions margin headwinds
Peoples Bancorp Inc. (NASDAQ:PEBO) reported third-quarter results on Tuesday that were broadly in line with Wall Street expectations, as robust loan growth helped counter ongoing pressure on interest margins. The Ohio-based bank posted diluted earnings per share of $0.83, matching analyst forecasts. Total revenue reached $115.18 million, slightly shy of the $116.88 million consensus estimate.…
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Draganfly stock climbs while Palladyne AI dips after announcing drone-AI partnership
Draganfly Inc. (NASDAQ:DPRO) shares rose 2% on Tuesday, while Palladyne AI Corp. (NASDAQ:PDYN) slipped 2.6%, after the two companies unveiled a new collaboration to integrate Palladyne’s AI technology into Draganfly’s drone platforms. The partnership focuses on incorporating Palladyne’s Pilot AI software into Draganfly’s unmanned aerial vehicle (UAV) systems. This edge-based software is designed to allow…
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Fortress Biotech shares rise after Phase 3 launch of gout treatment
Fortress Biotech Inc (NASDAQ:FBIO) stock climbed 3.3% on Tuesday after the company revealed that a treatment developed by one of its subsidiaries had advanced into Phase 3 clinical trials for gout. Urica Therapeutics, a majority-owned subsidiary of Fortress, announced that Crystalys Therapeutics has begun dosing patients in two global Phase 3 studies testing dotinurad, a…
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Barclays sees upbeat earnings setup for Etsy and eBay ahead of Q3 results
Barclays analysts anticipate a constructive backdrop for Etsy (NASDAQ:ETSY) and eBay (NASDAQ:EBAY) as both companies prepare to report third-quarter results, according to a new research note. The bank reiterated its “overweight” rating on eBay with a price target of $92 and maintained an “equal weight” rating on Etsy with a $60 target. Barclays noted it…
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Beyond Meat stock surges as Walmart expansion sparks fresh rally
Beyond Meat (NASDAQ:BYND) shares soared more than 60% on Tuesday after the company revealed a major distribution expansion with Walmart, bringing a broader range of its plant-based products to more than 2,000 stores nationwide. The news extended a remarkable three-day rally that has already seen the stock climb roughly 180%, with traders increasingly eyeing the…
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Cleveland-Cliffs stock rally seen as overdone after rare earth MOU news
Cleveland-Cliffs Inc. (NYSE:CLF) shares soared 22% after the company revealed it had signed a memorandum of understanding (MOU) with a foreign steel producer and was evaluating potential rare-earth mineral opportunities at its iron ore mines in Michigan and Minnesota. But analysts at Wells Fargo were quick to label the market’s reaction as excessive, downgrading the…
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SPAC News From The Last Seven Days
The Last Week’s Deals Maywood Acquisition Corp. (NASDAQ:MAYA) has announced it is to acquire GOWell Technology, a global one-stop-shop for well logging solutions in the energy sector. The deal reflects an enterprise value of $401mm, and includes a $7mm PIPE. The transaction’s expected close date is early 2026. Nabors Energy Transition Corp. II (NASDAQ:NETD) and…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures steady as traders catch their breath after market surge
U.S. stock futures were little changed early Tuesday, pointing to a subdued open on Wall Street as investors paused following two strong sessions that pushed major indexes back toward record highs. After the recent rally, market participants appear more hesitant to extend gains ahead of key economic and political developments, including ongoing U.S.–China trade tensions…
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GE Aerospace raises full-year forecast after posting strong Q3 results
GE Aerospace (NYSE:GE) shares advanced about 2% in premarket trading on Tuesday after the jet engine maker reported a robust third-quarter earnings beat and upgraded its full-year guidance across multiple metrics. The company posted earnings per share of $1.66, well ahead of analyst estimates of $1.45. Revenue soared 26% year-over-year to $11.31 billion, surpassing the…