ADVFN US – Market Content Editor
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Summit Therapeutics shares gain after Jefferies upgrades stock to Buy
Summit Therapeutics (NASDAQ:SMMT) shares rose 5.8% in premarket trading on Wednesday after Jefferies upgraded the biopharmaceutical company to Buy from Hold and increased its price target to $25 from $15. The upgrade comes ahead of progression-free survival data from the company’s H3 study, which are expected later in 2026 and represent an important upcoming clinical…
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Rocket Lab shares rise after launch of germanium-free space solar cell
Rocket Lab Corporation (NASDAQ:RKLB) shares gained 2.4% in premarket trading on Wednesday after the space technology company introduced IMM Apex, a new germanium-free solar cell designed for satellite and other space applications. The product removes the need for germanium substrates traditionally used in multi-junction space solar cells, addressing concerns around material costs and supply chain…
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Tyra Biosciences shares plunge 30% after Phase 2 dabogratinib data
Tyra Biosciences (NASDAQ:TYRA) shares dropped 30% on Wednesday after the biotechnology company released initial results from its Phase 2 SURF302 trial of dabogratinib in patients with FGFR3-altered low-grade intermediate-risk non-muscle invasive bladder cancer. At the 60 mg once-daily dose, dabogratinib produced a 79% overall response rate and a 64% complete response rate as the best…
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Academy Sports shares jump after Q2 profit beat and guidance upgrade
Academy Sports and Outdoors (NASDAQ:ASO) shares climbed more than 11% in premarket trading on Wednesday after the sporting goods retailer reported second-quarter earnings above Wall Street expectations and raised its full-year profit guidance. Adjusted earnings per share came in at $2.31, ahead of the analyst consensus of $2.08. Revenue reached $1.65 billion, broadly matching market…
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U.S. stock futures fall as Brent crude moves above $100: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures pointed to a lower open on Wednesday as crude oil prices extended their recent gains, with Brent moving above $100 a barrel for the first time since July. U.S. crude futures were also up about 3% after U.S. forces destroyed five Iranian crude oil carriers following ballistic missile attacks by Iran’s…
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Lyft appoints Michael Brous as CFO as Erin Brewer retires
Lyft, Inc. (NASDAQ:LYFT) appointed Michael Brous as Chief Financial Officer, effective September 28, 2026, succeeding Erin Brewer, who will retire from the position on the same date. Brewer will remain with Lyft as an advisor through December 15, 2026, to support the transition. The company said Brewer’s departure is not the result of any dispute…
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EVgo and Regency Centers plan more than 400 new EV charging stalls across U.S.
EVgo Inc. (NASDAQ:EVGO) and Regency Centers Corporation (NASDAQ:REG) announced an expansion of their existing partnership that will add more than 400 fast-charging stalls at Regency shopping centres across the United States. According to the companies, the planned installations are expected to increase Regency’s EV charging footprint by more than 20%. EVgo currently operates more than…
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WW International appoints Stephen Bye as president and CEO
WW International, Inc. (NASDAQ:WW), the parent company of Weight Watchers, appointed Stephen Bye as President and Chief Executive Officer and a member of its Board of Directors, effective this fall. Bye most recently served as President and CEO of connectivity intelligence company Ookla, whose brands include Speedtest and Downdetector. According to WW International, Bye increased…
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Datavault AI responds to shareholder securities lawsuit and short-seller dispute
Datavault AI Inc. (NASDAQ:DVLT) issued a statement addressing recently filed securities litigation against the company and certain officers, saying it intends to “vigorously defend” itself against the claims. According to Datavault AI, some allegations in the shareholder lawsuit concern matters raised in an October 31, 2024 report published by short seller Wolfpack Research. The company…
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Cognyte Software shares rise 8.6% following second-quarter results release
Cognyte Software (NASDAQ:CGNT) shares rose 8.63% in premarket trading on Wednesday after the security analytics software company released its second-quarter fiscal 2027 financial results. The results cover the quarter ended July 31, 2026. Cognyte was also scheduled to hold an earnings conference call at 8:30 a.m. ET. The company had previously announced on September 1…