ADVFN US – Market Content Editor
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Skyward bound: ZenaTech’s scaling drone growth story
Since initial versions made their debut in World War I, including the British Aerial Target and American Kittering Bug, drones have evolved into a technology unlocking newfound efficiency across a diversity of industries, including aerial inspections, inventory tracking, precision agriculture, mapping and surveying, as well as mission-critical defense operations, where traditional methods simply can’t compare…
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Forte Biosciences shares jump after $2.2 billion takeover agreement with argenx
Forte Biosciences (NASDAQ:FBRX) shares climbed 39.2% in pre-market trading after argenx (NASDAQ:ARGX) announced a definitive agreement to acquire the clinical-stage biotechnology company in an all-cash transaction valued at approximately $2.2 billion. Under the terms of the agreement, argenx will pay $77 per share in cash, representing a premium of around 40% to Forte’s previous closing…
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Argenx agrees $2.2 billion acquisition of Forte Biosciences to strengthen autoimmune drug pipeline
Argenx NV ADR (NASDAQ:ARGX) has agreed to acquire Forte Biosciences Inc (NASDAQ:FBRX) in a transaction valued at approximately $2.2 billion, expanding its portfolio of autoimmune disease treatments as it looks to build new growth opportunities beyond its flagship medicine, Vyvgart. Under the agreement announced on Monday, the Dutch biotechnology company will purchase the Dallas-based biotech…
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Brown-Forman board dismisses unsolicited takeover proposal from Sazerac
Brown-Forman (NYSE:BF.A), the producer of Jack Daniel’s whiskey, said its board has reviewed an unsolicited takeover approach from privately owned spirits group Sazerac and determined that the proposal was “not actionable.” According to sources familiar with the matter, Sazerac submitted a cash offer of $32 per share on May 1 in an attempt to acquire…
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Nvidia explores $250 billion guarantee for OpenAI’s Ohio data centre project
Nvidia (NASDAQ:NVDA) is reportedly negotiating a financial guarantee worth approximately $250 billion to support OpenAI’s planned data centre development in Ohio, according to a Wall Street Journal report published on Monday. If completed, the arrangement would rank among the largest financing agreements ever undertaken in the artificial intelligence sector. People familiar with the discussions told…
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Five market themes investors will be watching this week
Financial markets are entering one of the busiest weeks of the year, with investors preparing for a series of events that could shape sentiment across global asset classes. Central bank decisions, major technology earnings, key U.S. economic data and developments in the Middle East are all expected to influence trading in the days ahead. Federal…
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Gold edges higher as softer dollar offsets easing geopolitical tensions
Gold prices posted modest gains on Monday as a weaker U.S. dollar provided support, while investors balanced signs of easing tensions in the Middle East against expectations for this week’s U.S. Federal Reserve policy announcement. Spot gold climbed 1.1% to $4,096.36 an ounce by 06:52 GMT, while August U.S. Gold Futures advanced 0.68% to $4,098.60…
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Oil prices tumble as U.S.-Iran tensions show signs of easing
Crude oil prices dropped sharply on Monday as investors unwound geopolitical risk premiums following indications that tensions between the United States and Iran may be easing. The selloff erased much of the rally seen last week, when fears of a wider conflict briefly pushed Brent crude close to the $100-per-barrel level. By 06:11 GMT, Brent…
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U.S. markets eye earnings season as Middle East tensions ease: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved higher on Monday as investors welcomed signs of a pause in hostilities between the United States and Iran, helping to ease pressure on energy markets ahead of a crucial week for corporate earnings and central bank decisions. By 05:49 GMT, Dow Jones futures had gained 398 points, or 0.8%, while S&P…
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A Moment of Truth, Bankruptcy Fears, or Comeback? Plug Power & Nel ASA Fight for Survival! Will Lahontan Gold See a Technical Breakout?
Hydrogen Under Stress: Plug Power and Nel ASA The US hydrogen specialist Plug Power is struggling, struggling, and struggling. The share price is trading just below the EUR 2.00 mark again, thus remaining in a noticeable technical downtrend. Both the 200-day and 50-day SMAs are above the current price. To shield its business model from…