ADVFN US – Market Content Editor
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Fortress Biotech shares rise after Phase 3 launch of gout treatment
Fortress Biotech Inc (NASDAQ:FBIO) stock climbed 3.3% on Tuesday after the company revealed that a treatment developed by one of its subsidiaries had advanced into Phase 3 clinical trials for gout. Urica Therapeutics, a majority-owned subsidiary of Fortress, announced that Crystalys Therapeutics has begun dosing patients in two global Phase 3 studies testing dotinurad, a…
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Barclays sees upbeat earnings setup for Etsy and eBay ahead of Q3 results
Barclays analysts anticipate a constructive backdrop for Etsy (NASDAQ:ETSY) and eBay (NASDAQ:EBAY) as both companies prepare to report third-quarter results, according to a new research note. The bank reiterated its “overweight” rating on eBay with a price target of $92 and maintained an “equal weight” rating on Etsy with a $60 target. Barclays noted it…
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Beyond Meat stock surges as Walmart expansion sparks fresh rally
Beyond Meat (NASDAQ:BYND) shares soared more than 60% on Tuesday after the company revealed a major distribution expansion with Walmart, bringing a broader range of its plant-based products to more than 2,000 stores nationwide. The news extended a remarkable three-day rally that has already seen the stock climb roughly 180%, with traders increasingly eyeing the…
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Cleveland-Cliffs stock rally seen as overdone after rare earth MOU news
Cleveland-Cliffs Inc. (NYSE:CLF) shares soared 22% after the company revealed it had signed a memorandum of understanding (MOU) with a foreign steel producer and was evaluating potential rare-earth mineral opportunities at its iron ore mines in Michigan and Minnesota. But analysts at Wells Fargo were quick to label the market’s reaction as excessive, downgrading the…
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SPAC News From The Last Seven Days
The Last Week’s Deals Maywood Acquisition Corp. (NASDAQ:MAYA) has announced it is to acquire GOWell Technology, a global one-stop-shop for well logging solutions in the energy sector. The deal reflects an enterprise value of $401mm, and includes a $7mm PIPE. The transaction’s expected close date is early 2026. Nabors Energy Transition Corp. II (NASDAQ:NETD) and…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures steady as traders catch their breath after market surge
U.S. stock futures were little changed early Tuesday, pointing to a subdued open on Wall Street as investors paused following two strong sessions that pushed major indexes back toward record highs. After the recent rally, market participants appear more hesitant to extend gains ahead of key economic and political developments, including ongoing U.S.–China trade tensions…
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GE Aerospace raises full-year forecast after posting strong Q3 results
GE Aerospace (NYSE:GE) shares advanced about 2% in premarket trading on Tuesday after the jet engine maker reported a robust third-quarter earnings beat and upgraded its full-year guidance across multiple metrics. The company posted earnings per share of $1.66, well ahead of analyst estimates of $1.45. Revenue soared 26% year-over-year to $11.31 billion, surpassing the…
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Philip Morris raises full-year profit outlook as heated tobacco sales surge
Philip Morris International (NYSE:PM) lifted its annual earnings forecast on Tuesday, buoyed by robust demand for its smoke-free products, which helped drive record results for the third quarter. Shares rose more than 3% in premarket U.S. trading following the announcement. Organic net revenues from the company’s smoke-free tobacco segment — a growing focus as consumers…
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Lockheed Martin gains as Q3 earnings beat estimates and full-year outlook improves
Lockheed Martin (NYSE:LMT) saw its shares rise 3% in premarket trading on Tuesday after reporting third-quarter earnings that topped Wall Street expectations and announcing an upgrade to its full-year profit guidance, reflecting strong global demand for its defense products. The defense contractor posted Q3 earnings per share of $6.95, well above the analyst estimate of…
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RTX rallies after upbeat Q3 results prompt full-year guidance upgrade
RTX (NYSE:RTX) raised its full-year financial outlook on Tuesday after posting third-quarter earnings that exceeded market expectations, fueled by continued strength in its defense and commercial aerospace businesses. Shares of the U.S. defense contractor surged more than 6% in premarket trading following the announcement. The company reported earnings per share of $1.70 for Q3, comfortably…