ADVFN US – Market Content Editor
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BridgeBio stock soars after breakthrough Phase 3 data for muscular dystrophy treatment
BridgeBio Pharma (NASDAQ:BBIO) shares surged 15% on Monday after the company announced highly positive Phase 3 results for its small-molecule therapy BBP-418, targeting limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9). The company said that its FORTIFY Phase 3 trial met all primary and secondary interim analysis endpoints, with the treatment demonstrating a favorable safety profile. The…
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ProPetro stock jumps as PROPWR unit lands major 60MW data center power deal
ProPetro Holding Corp. (NYSE:PUMP) shares surged 19% on Monday after the company revealed that its PROPWR division has signed a long-term power supply agreement with a major hyperscale data center operator in the U.S. Midwest. Under the deal, ProPetro will deliver 60 megawatts of power using a hybrid system that integrates battery energy storage with…
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Genenta Science stock tumbles as $15 million ADS sale sparks dilution worries
Genenta Science SpA (NASDAQ:GNTA) shares sank 42% on Monday after the clinical-stage biotech company unveiled a new stock offering that will significantly dilute existing shareholders. The firm said it has signed a securities purchase agreement with institutional investors to sell 4,285,715 American Depositary Shares at $3.50 per ADS, aiming to raise roughly $15 million in…
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GameStop stock rallies after White House amplifies ‘console wars’ ceasefire
GameStop Corp. (NYSE:GME) shares jumped 7.7% on Monday after the official The White House social media account reposted a tongue-in-cheek declaration from the video game retailer announcing the end of the “console wars.” The surge followed a flurry of viral interactions on X. It began when GameStop issued a statement proclaiming the “official cessation of…
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Organon stock plunges as CEO resigns amid Nexplanon sales probe
Organon (NYSE:OGN) shares fell 18% on Monday after the company announced that CEO Kevin Ali has resigned following the results of an internal investigation into improper wholesaler sales practices involving its Nexplanon product. The board has appointed Joseph Morrissey, Executive Vice President and Head of Manufacturing & Supply, as interim CEO and launched a search…
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Rectitude stock surges after sealing strategic partnership with Pansik Technology
Rectitude Holdings Ltd. (NASDAQ:RECT) shares jumped 77% on Monday after the company announced a strategic collaboration with Pansik Technology Pte Ltd. to expand the rollout of its Super Sun Energy Storage System across Southeast Asia, Australia, and the Middle East. The Singapore-based safety equipment and industrial products provider expects to secure approximately SGD $2.3 million…
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Jiuzi Holdings stock surges after strategic Bitcoin partnership with SOLV
Jiuzi Holdings Inc (NASDAQ:JZXN) shares jumped 17.3% in premarket trading Monday after the company announced a strategic partnership with the SOLV Foundation, a Bitcoin staking platform with $2.8 billion in total value locked. As part of its strategy to anchor its treasury around Bitcoin as its primary digital asset, Jiuzi will leverage SOLV’s platform to…
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BIO-Key stock skyrockets after striking Nordic market expansion deal
BIO-key International, Inc. (NASDAQ:BKYI) shares soared 180% in premarket trading Monday after the biometric authentication company announced a new partnership with IT2Trust, a leading distributor of IT security solutions in Scandinavia. The agreement marks a major step in BIO-key’s European expansion, granting IT2Trust the rights to distribute its Identity and Access Management (IAM) solutions across…
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Hive Digital stock climbs as Bitcoin mining power surpasses 22 EH/s
Hive Digital Technologies Ltd (NASDAQ:HIVE) shares rose 6% in premarket trading Monday after the company revealed it has exceeded 22 exahash per second (EH/s) in global Bitcoin mining capacity — a 267% increase since the start of the year. The new milestone comes on the heels of a successful expansion of Hive’s hydro-powered Valenzuela facility…
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BTQ stock soars after $15M quantum chip partnership with Korea’s ICTK
BTQ Technologies Corp. (NASDAQ:BTQ) shares climbed 7.6% in premarket trading Monday after the quantum technology firm unveiled a $15 million strategic investment and development agreement with ICTK (KOSDAQ:456010), South Korea’s leading secure element chip manufacturer. The collaboration centers on co-developing a Quantum Compute in Memory (QCIM) chip that integrates BTQ’s cryptographic acceleration technology and post-quantum…