ADVFN US – Market Content Editor
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TMC Shares Climb on $85.2M Investment Deal with Korea Zinc
Battery metals exploration company TMC (NASDAQ:TMC) saw its shares rise as much as 14% in premarket trading following news of an $85.2 million strategic investment from Korea Zinc. The investment, made through a private placement of common stock and warrants, grants Korea Zinc a 5% equity stake in TMC. Under the terms of the agreement,…
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Sage Therapeutics Stock Jumps 36% on Supernus Acquisition Announcement
Sage Therapeutics saw its shares surge by 36% in premarket trading Monday, reaching $9.06, after Supernus Pharmaceuticals (NASDAQ:SUPN) announced plans to acquire the neuroscience-focused biotech firm. The deal values Sage at up to $12 per share, according to details disclosed by the companies. Meanwhile, elsewhere in the biotech sector, Sarepta Therapeutics (NASDAQ:SRPT) shares slipped in…
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SharpLink Gaming Shares Bounce Back with 19% Surge After Steep Selloff
Shares of SharpLink Gaming Inc. (NASDAQ:SBET) climbed 19% in Monday’s premarket session, offering a partial rebound after a dramatic 72% plunge last Friday. The selloff was triggered by the company’s filing related to a private investment in public equity (PIPE), which some investors misinterpreted. The company’s chairman, Joseph Lubin—who is also known as a co-founder…
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EchoStar Shares Surge 45% Following Trump’s Involvement in FCC Spectrum Dispute
EchoStar Corp. (NASDAQ:SATS) saw its stock skyrocket by 45% after former President Donald Trump reportedly stepped in to mediate a contentious standoff between the company and the Federal Communications Commission (FCC) over high-value spectrum licenses. According to Bloomberg, Trump intervened in an escalating conflict between EchoStar Chairman Charlie Ergen and FCC Commissioner Brendan Carr. The…
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Warner Bros Discovery Bondholders Approve Major Restructuring Plan
Warner Bros Discovery (NASDAQ:WBD) announced Monday that its bondholders have largely approved a strategic plan to split the company and implement a revised capital structure tied to the proposed separation. The approved measures clear the way for the entertainment giant to divide itself into two distinct publicly traded entities. The separation would isolate its content-producing…
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U.S. Premarket Movers: Tesla, Meta, Eli Lilly Gain; Sarepta Plunges on Safety Concerns
U.S. stock futures climbed on Monday morning, bouncing back from last week’s losses that were driven by mounting geopolitical tensions. Investors are also turning their attention to this week’s Federal Reserve policy meeting for clues on the direction of interest rates. Here’s a look at notable premarket stock movers:
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Dow Jones, S&P, Nasdaq, U.S. Markets Respond to Rising Israel-Iran Conflict as G7 Summit Approaches
U.S. stock futures showed modest gains on Monday, reflecting cautious optimism despite mounting tensions between Israel and Iran alongside lingering economic uncertainties. Meanwhile, oil prices climbed once more after a wave of weekend attacks, placing the Middle East crisis at the forefront ahead of the upcoming Group of Seven (G7) summit in Canada. Separately, activist…
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Oil Prices Rise as Israel-Iran Conflict Escalates and Supply Risks Mount
Oil prices advanced during Monday’s trading session in Asia, extending a recent rally driven by growing concerns over potential supply disruptions amid escalating tensions between Israel and Iran in the Middle East. Although prices moved higher, they remained slightly below the peak levels seen on Friday, which followed Israel’s initial airstrikes on Iranian targets. Over…
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Energy and Defense Stocks Rise as Israel-Iran Conflict Drives Market Volatility
Shares in sectors like energy, defense, shipping, and travel are set to see increased activity on Monday as tensions between Israel and Iran continue unabated for a fourth consecutive day. Brent crude prices initially surged by as much as 5.5%, hitting $78.32 per barrel early in trading before pulling back from those gains. This price…
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Rare Earth Supply Challenges: Is Tesla Being Singled Out by China?
Recently, China approved rare earth export licenses for major automakers like GM (NYSE:GM), Ford (NYSE:F), and Stellantis (BIT:STLAM), yet conspicuously left out Tesla (NASDAQ:TSLA). This exclusion has sparked speculation that Tesla might be deliberately targeted amid escalating trade frictions and CEO Elon Musk’s outspoken geopolitical stance. According to Wells Fargo, referencing expert Dr. Gracelin Baskaran,…