ADVFN US – Market Content Editor

Shares of ATAI Life Sciences (NASDAQ:ATAI) skyrocketed 29% on Tuesday after the biotech company and its partner, Beckley Psytech, reported encouraging topline results from a Phase 2b trial evaluating their investigational depression treatment BPL-003 in patients with treatment-resistant depression. The clinical trial successfully met its primary endpoint along with all key secondary measures. Both the…

Adagene Inc. (NASDAQ:ADAG) saw its shares rise by 6.1% on Tuesday after the biotech firm revealed a strategic investment deal with French pharmaceutical giant Sanofi (EPA:SASY) worth up to $25 million, further deepening their existing partnership. The new capital will support Adagene’s ongoing research and development efforts, with a particular focus on advancing clinical trials…

U.S. stocks rebounded strongly on Monday after the sharp selloff following President Donald Trump’s “Liberation Day” tariff announcement, but experts warn that it’s not yet “back to square one” for the market, according to Capital Economics analysts. The major indexes advanced, with the S&P 500 and Nasdaq Composite both gaining 0.5%, each reaching fresh record…

MSC Industrial (NYSE:MSM) saw its shares rise over 3% in early Tuesday trading following the release of its fiscal third-quarter results. The company exceeded earnings expectations even though both profits and sales fell compared to the previous year. Adjusted earnings per share came in at $1.08, beating analyst estimates of $1.03. Revenue for the quarter…

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw its stock decline by 4% early Tuesday after revealing a new agreement with its creditors to restructure existing debt and bolster its financial stability. By later in the day, the stock had recovered some losses, closing down only 0.5%. The restructuring deal introduces roughly $223 million in fresh capital…

Tesla Inc. (NASDAQ:TSLA) saw its stock price fall sharply in premarket trading on Tuesday as the feud between U.S. President Donald Trump and Tesla CEO Elon Musk intensified. Trump accused Musk of benefiting excessively from government subsidies and called for a federal probe into the support Tesla has received. Data from Robinhood (NASDAQ:HOOD) showed Tesla…

U.S. stock futures edged lower Tuesday after Monday’s robust gains that pushed global markets to fresh intraday peaks. Investors are closely monitoring progress in U.S.-Canada trade talks and the softer U.S. dollar while bracing for important economic data scheduled later this week. As of early Tuesday (07:32 GMT), Dow futures dipped by 30 points (-0.1%),…

The U.S. dollar extended its downward trend on Tuesday, hitting its weakest levels since early 2022 as investors increasingly factor in potential interest rate reductions. At the same time, worries are mounting over the fiscal implications of President Donald Trump’s proposed tax and spending plan. By 04:25 ET (08:25 GMT), the Dollar Index—which tracks the…

Gold prices surged in Asian trading on Tuesday, fueled by growing investor demand for safe-haven assets amid ongoing uncertainty surrounding U.S. trade talks ahead of the July 9 deadline for tariff reviews set by President Donald Trump. The decline in the U.S. dollar also supported the precious metal’s upward momentum. Spot gold climbed 0.8% to…

On Tuesday, oil prices fell to their lowest levels in three weeks, retreating to figures last seen before the recent escalation of tensions between Israel and Iran. The decline reflects reduced concerns about supply interruptions and expectations of a production increase from OPEC and its allied nations. September Brent crude futures slipped 0.3% to $66.57…