ADVFN US – Market Content Editor
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Werewolf Therapeutics shares surge 120% after Ambros merger and $150 million financing
Werewolf Therapeutics Inc (NASDAQ:HOWL) shares soared 120% in premarket trading on Friday after the biotechnology company agreed to merge with Ambros Therapeutics Inc alongside a $150 million private placement. The all-stock combination will create a company centred on the development of neridronate, Ambros Therapeutics’ late-stage drug candidate for Complex Regional Pain Syndrome Type 1 (CRPS-1).…
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JPMorgan says stronger AI revenue makes capex boom more economically viable
JPMorgan believes faster revenue growth across the artificial intelligence industry is making the huge wave of infrastructure investment underpinning the sector look increasingly sustainable from an economic perspective. “The recent acceleration in AI companies’ revenues makes the AI capex cycle look more economically viable than it did six months ago,” strategist Nikolaos Panigirtzoglou wrote in…
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Nvidia in advanced talks to invest hundreds of millions in Cloverleaf Infrastructure – WSJ
Nvidia (NASDAQ:NVDA) is reportedly in advanced negotiations to invest several hundred million dollars in Cloverleaf Infrastructure, a power development company specialising in securing electricity capacity for data-centre projects, according to The Wall Street Journal. An agreement could be announced as soon as Friday. Although Cloverleaf is privately held, a transaction would carry strategic significance for…
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Wall Street futures point to rebound after Thursday’s sharp selloff: Dow Jones, S&P, Nasdaq
US stock futures moved higher on Friday, signalling a potential rebound at the opening bell after Wall Street suffered steep losses in the previous session amid rising oil prices and renewed pressure from bond yields. Investors appeared willing to return to stocks following Thursday’s decline, although continued strength in crude oil and uncertainty surrounding the…
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Wolfe Research highlights powerful S&P 500 earnings momentum
S&P 500 companies are delivering strong second-quarter results, with Wolfe Research pointing to widespread revenue beats, upbeat guidance and an unusually robust earnings growth outlook for 2026. According to the research firm, 465 companies in the S&P 500 had reported their second-quarter 2026 results through Wednesday. Of those, 69% exceeded consensus revenue forecasts, with the…
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US regulatory momentum seen as key driver behind Bitcoin breakout
Bitcoin’s (COIN:BTCUSD) move out of its recent trading range appears to have been driven primarily by improving US regulatory sentiment rather than broader concerns about currency debasement, according to Citi analysts. The bank pointed to the delayed reaction in Bitcoin following the US Treasury’s bond buyback announcement, as well as ether outperforming Bitcoin during the…
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GE Vernova secures Stage 3 contract for Queensland Supernode battery project
GE Vernova (NYSE:GEV) has been selected by Quinbrook to provide technology for the third stage of the Supernode Battery Energy Storage System (BESS) development in Queensland, Australia, further extending its involvement in the large-scale energy storage project. Under the latest contract, GE Vernova will supply power conversion technology, plant controls, system integration services and grid-connection…
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ZKH Group shares surge 21% after company reaches operating profitability for first time
ZKH Group Limited (NYSE:ZKH) shares soared 21.34% in pre-market trading on Friday after the company reported a major improvement in its second-quarter performance, including its first-ever operating profit. Adjusted earnings reached $0.04 per ADS, reversing a loss of $0.23 per ADS in the corresponding period last year. Revenue climbed to $360.2 million from $302.1 million…
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Array Technologies expands integrated solar platform as orderbook hits record $2.5 billion
Array Technologies (NASDAQ:ARRY) is broadening its business beyond solar trackers as it develops an integrated balance-of-system platform spanning foundations, tracking equipment, electrical systems, controls and software, according to Jefferies. The company’s orderbook has reached a record $2.5 billion, representing growth of 37% year on year and a book-to-bill ratio of 1.5 times. Newer products now…
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BJ’s Wholesale Club shares rise after Q2 earnings and revenue beat forecasts
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares gained 1.16% in pre-market trading on Friday after the warehouse club operator reported second-quarter results ahead of Wall Street expectations and raised its full-year earnings guidance. Adjusted earnings came in at $1.36 per share, beating the consensus estimate of $1.17 by $0.19. Revenue increased 15.9% year on year…