ADVFN US – Market Content Editor
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Forte Biosciences Shares Climb After Positive Phase 1b Vitiligo Trial Results (FBRX)
FB102 Demonstrates Statistically Significant Efficacy Forte Biosciences (NASDAQ:FBRX) shares rose 12% on Thursday after the clinical-stage biotechnology company announced encouraging data from its Phase 1b trial evaluating FB102 as a treatment for vitiligo. The study showed that patients treated with FB102 achieved a mean improvement of 29.6% in Facial Vitiligo Area Scoring Index (FVASI) from…
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Enovix Shares Jump After Former Apple Executive Appointed COO (ENVX)
Enovix Strengthens Leadership With Operations Veteran Enovix Corporation (NASDAQ:ENVX) shares surged 17.1% in pre-market trading on Thursday after the advanced battery developer announced the appointment of former Apple executive Dr. Michael Vyvoda as its new Chief Operating Officer. Vyvoda will officially join the company on 29 July 2026, bringing more than 25 years of experience…
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Virax Biolabs Shares Double After Exclusive Fosun Distribution Agreement (VRAX)
Virax Biolabs Signs Multi-Country Supply Partnership Virax Biolabs Group Limited (NASDAQ:VRAX) shares surged 100% on Thursday after the company announced an exclusive commercial supply agreement with Fosun Diagnostics for its ImmuneSelect immune profiling product portfolio. The agreement covers six Southeast Asian markets—Thailand, Vietnam, Indonesia, the Philippines, Singapore and Malaysia—and establishes a framework for immediate product…
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Rackspace Shares Rise Despite Lower FY26 Outlook as Company Expands AI Strategy (RXT)
Rackspace Lowers Full-Year Guidance Rackspace Technology (NASDAQ:RXT) revised its fiscal 2026 outlook lower, reducing its revenue forecast by $150 million and cutting its adjusted EBITDA guidance by $20 million, while outlining plans to accelerate its enterprise artificial intelligence business. The company attributed the weaker outlook to ongoing supply constraints, geopolitical uncertainty and a strategic decision…
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Simply Good Foods Shares Surge After Third-Quarter Earnings Beat Expectations (SMPL)
Earnings and Revenue Top Forecasts Simply Good Foods Company (NASDAQ:SMPL) shares surged nearly 16% in pre-market trading on Thursday after the nutritional snacking company reported third-quarter results that exceeded Wall Street expectations. Adjusted earnings came in at $0.42 per share, comfortably ahead of analysts’ forecast of $0.35. Revenue reached $357.0 million, surpassing the consensus estimate…
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FuelCell Energy Shares Surge After Strategic Collaboration With Siemens (FCEL)
FuelCell Energy and Siemens Partner on Large-Scale Power Solutions FuelCell Energy (NASDAQ:FCEL) shares jumped 11% on Thursday morning after the company announced a strategic collaboration with Siemens to develop scalable fuel cell power solutions for distributed energy projects. The partnership has been formalized through a memorandum of understanding that combines Siemens’ electrical engineering expertise with…
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InMode Shares Jump After Steel Partners Tables Higher Takeover Proposal (INMD)
Steel Partners Makes Competing Bid for InMode InMode Ltd (NASDAQ:INMD) shares gained 4% in pre-market trading on Thursday after Steel Partners Holdings L.P. submitted a proposal to acquire the medical aesthetics company for $16.75 per share in cash. Steel Partners, one of InMode’s major shareholders, said its offer represents a 20% premium to the company’s…
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GlobalFoundries Shares Rise After Micron Expands U.S. Semiconductor Supply Chain Investment (GFS)
Micron Investment Boosts Confidence in U.S. Chip Manufacturing GlobalFoundries Inc. (NASDAQ:GFS) shares climbed 6% after Micron Technology Inc. (NASDAQ:MU) unveiled plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain. As part of the initiative, Micron will provide $500 million in strategic financing to GlobalWafers Co., Ltd. to support construction of…
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Applied Materials Shares Jump as CEO Highlights Long-Term Chip Investment Outlook (AMAT)
CEO Points to Strong Multi-Year Demand for Semiconductor Equipment Applied Materials (NASDAQ:AMAT) shares climbed 6% in pre-market trading on Thursday after Chief Executive Gary Dickerson said semiconductor manufacturers are providing equipment demand forecasts that extend several years into the future, with some visibility reaching as far as 2030. Speaking to Nikkei Asia, Dickerson said customers…
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Bloom Energy Shares Climb After Company Rebuts Short-Seller Report (BE)
Bloom Energy Rejects Allegations Over Financial Reporting Bloom Energy (NYSE:BE) shares gained 6% in Thursday morning trading after the fuel cell manufacturer strongly rejected allegations contained in a recent short-seller report concerning its financial reporting and supply chain. The company issued a statement responding to claims published on 8 July 2026 by Hunterbrook Media LLC,…