ADVFN US – Market Content Editor
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Palo Alto shares gain after CEO buys $10 million worth of stock
Shares of Palo Alto Networks (NASDAQ:PANW) climbed about 2% in premarket trading on Monday after Chief Executive Officer Nikesh Arora disclosed that he had purchased $10 million of company shares on the open market. The disclosure, released after the close of trading on Friday, came during a broader decline in cybersecurity stocks. Palo Alto’s shares…
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Five market themes investors will be watching this week
The conflict involving Iran is expected to remain a key focus for investors during a shortened trading week on Wall Street. U.S. President Donald Trump has suggested that discussions with Tehran have made progress, even as the fighting continues to expand across the Middle East. Oil prices remain far above the levels seen before the…
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iPhone demand remains resilient in China despite weaker smartphone shipments, report says
Apple’s (NASDAQ:AAPL) iPhone continues to outperform Android competitors in China even as overall smartphone shipments decline, with Android brands facing rising inventory levels and increasing prices, according to a Jefferies report citing February data from China’s Ministry of Industry and Information Technology (MIIT). Total smartphone shipments in China dropped 12.6% year-on-year in February after a…
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Eli Lilly strikes $2.75 billion drug discovery partnership with InSilico
Eli Lilly (NYSE:LLY) has entered into a drug discovery collaboration with Hong Kong-listed InSilico that could be worth up to $2.75 billion, the companies said on Sunday. As part of the agreement, InSilico will receive an upfront payment of $115 million. The company may also earn additional milestone payments that could lift the total value…
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J&J reports one-year ICOTYDE psoriasis trial results show sustained efficacy
Johnson & Johnson (NYSE:JNJ) has released one-year results from Phase 3 clinical trials indicating that its psoriasis treatment ICOTYDE maintained strong skin clearance outcomes through 52 weeks. Data from the ICONIC-ADVANCE 1 and 2 trials showed that complete skin clearance rates improved over time. In the studies, clearance increased from 41% to 49% and from…
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Rocket Lab carries out first dedicated launch for European Space Agency
Rocket Lab Corporation (NASDAQ:RKLB) has completed its 85th mission, successfully launching two satellites for the European Space Agency’s Celeste navigation technology demonstration. The mission, named “Daughter Of The Stars,” lifted off on March 28 at 10:14 pm NZT from Rocket Lab’s Launch Complex 1 in New Zealand. The launch placed the two spacecraft into a…
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Bitdeer selects DCI to build 180 MW AI data center in Norway
Bitdeer Technologies Group (NASDAQ:BTDR) has announced that its subsidiary, Tydal Data Center AS, has appointed Data Center Installations AS to design and construct a 180-megawatt artificial intelligence data center in Norway, with completion targeted for December 2026. The planned Tydal Data Center will focus primarily on co-location services powered by Nvidia’s Vera Rubin AI platform.…
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Palantir renews Stellantis partnership for five years
Palantir Technologies Inc. (NASDAQ:PLTR) has renewed and expanded its collaboration with Stellantis (NYSE:STLA) through a new five-year agreement, extending a partnership that began in 2016. The deal will continue to support Stellantis’ data management and artificial intelligence initiatives across various areas of its global operations. As part of the renewed arrangement, Stellantis plans to broaden…
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Aluminium surges as supply concerns grow after Iranian strikes on Middle East plants
Aluminium prices jumped on Monday as traders prepared for the possibility of a deeper supply shock after Iranian attacks over the weekend struck two of the Middle East’s largest aluminium producers. The benchmark three-month aluminium contract on the London Metal Exchange climbed 3.85% to $3,423 per metric ton by 0718 GMT. Earlier in the session…
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Gold edges higher as Iran war escalation remains in focus
Gold prices posted modest gains during Asian trading on Monday after a volatile week, as markets continued to monitor the risk of further escalation in the U.S.-Israel conflict with Iran. Spot gold rose 0.4% to $4,509.51 an ounce by 23:36 ET (03:36 GMT), while gold futures also climbed 0.4% to $4,537.40 an ounce. Last week,…