ADVFN US – Market Content Editor
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Q32 Bio Shares Soar After Offloading Phase 2 Complement Drug to Akebia
Q32 Bio Inc (NASDAQ:QTTB) saw its stock skyrocket 94% in premarket trading on Monday after revealing that it has sold its Phase 2 complement inhibitor, ADX-097, to Akebia Therapeutics (NASDAQ:AKBA). The deal delivers $12 million in upfront and guaranteed near-term milestone payments to Q32 Bio, including $7 million paid at signing. The company could ultimately…
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SPAC News From The Last Seven Days
The Last Week’s Deals Soulpower Acquisition Corp. (NYSE:SOUL) announced it plans to acquire SWB LLC, a company established to launch Soul World Bank, a financial services conglomerate, stablecoin issuer and international bank. This deal reflects an enterprise value of $8.1bn, and includes an equity line of credit of up to $5bn. The transaction should close…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Set for Early Decline as Investors Lock In Gains After Strong Week
U.S. stock futures signaled a softer start on Monday, suggesting equities may retrace some of last week’s strong advance. After a brisk rebound that reversed much of the early-November slump, some investors appear ready to take profits, especially with the major indexes having logged five straight days of gains and inching back toward record territory.…
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Apple contests India’s revised competition rules in Delhi High Court
Apple Inc. (NASDAQ:AAPL) has moved the Delhi High Court to challenge a recent amendment to India’s competition framework that would permit the country’s antitrust authority to levy fines based on a company’s global revenue. The court has asked the Indian government to respond to the petition and is scheduled to continue hearing arguments on December…
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Gold Steadies Near Six-Week Peak as Dollar Eases and Markets Brace for Possible Fed Cut
Gold prices hovered close to their highest level in six weeks on Monday, lifted by a softer U.S. dollar and growing confidence that the Federal Reserve may lower interest rates later this month. Spot gold inched up 0.2% to $4,240.55 an ounce at 02:32 ET (06:32 GMT), after touching a six-week peak of $4,256.2 earlier…
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Oil Prices Rise Over 1% as OPEC+ Stands Firm on Output Pause and Supply Risks Mount
Crude prices advanced more than 1% in Asian trading on Monday, buoyed by OPEC+’s decision to keep production steady through the first quarter and by renewed concerns over potential disruptions tied to geopolitical tensions. By 20:52 ET (01:52 GMT), February Brent futures were up 1.2% at $63.13 a barrel, while West Texas Intermediate (WTI) futures…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip as AI Jitters Persist and Black Friday Spending Surges: What’s Moving Markets
U.S. equity futures drifted lower early Monday as December trading begins, with investors weighing signs of cooling risk appetite tied to concerns in the artificial intelligence sector. Even so, the S&P 500 remains up about 16% year-to-date, and December has historically been a seasonally strong month for the benchmark index. Online Black Friday spending jumped…
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Stellantis Expected to Cut French Production by 11% by 2028
Stellantis (NYSE:STLA) is preparing for a reduction in output across its French manufacturing network over the next three years, according to a report from the Financial Times on Monday. Trade union estimates—said to be based on internal company presentations—suggest that production at the group’s five French assembly plants will decline by roughly 11% between 2025…
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TotalEnergies to Transfer 40% Interest in Nigerian Offshore Blocks to Chevron
TotalEnergies SE (EU:TTE) announced Monday that it will divest a 40% interest in two offshore oil and gas exploration licences in Nigeria to Star Deep Water Petroleum, a subsidiary of Chevron Corp (NYSE:CVX). The agreement covers licenses PPL 2000 and PPL 2001 in the West Delta basin, originally awarded to a partnership between TotalEnergies and…
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Tesla Sees Sharp Drop in French Sales as November Registrations Decline
New vehicle registrations in France slipped 0.3% year-on-year in November, reaching 132,927 units, according to data released Sunday by industry group PFA. Tesla (NASDAQ:TSLA) suffered a pronounced slump, with registrations plunging 57.83% to 1,591 vehicles for the month. The automaker has struggled across the French market throughout 2025, with year-to-date sales down 32.79%. While the…