ADVFN US – Market Content Editor
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Cenovus posts stronger-than-expected Q3 production results
Cenovus Energy (NYSE:CVE) reported preliminary third-quarter upstream production of around 832,000 barrels of oil equivalent per day (boe/d), surpassing analyst expectations of 821,148 boe/d. Output from the company’s oil sands operations came in at approximately 640,000 boe/d, while downstream production averaged about 712,000 boe/d during the quarter. Cenovus said that its key growth projects remain…
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Zenas Biopharma Acquires Rights to Three Autoimmune Drug Candidates from InnoCare
Zenas Biopharma (NASDAQ:ZBIO) has entered into a licensing agreement with InnoCare Pharma (USOTC:INCPF), securing global rights to three autoimmune disease candidates from InnoCare’s development portfolio. The collaboration includes orelabrutinib, a BTK inhibitor currently in Phase 3 clinical trials for the treatment of multiple sclerosis. Additionally, the deal grants Zenas access to two early-stage assets —…
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Equinor’s Third-Quarter Update Misses Market Expectations
Equinor (NYSE:EQNR) posted its third-quarter trading update on Wednesday, coming in roughly 5% below consensus estimates for adjusted operating income after tax, which had been forecast at $1.8 billion. In its Exploration & Production (E&P) Norway division, the company reported realized liquids prices between $67.2 and $69.2 per barrel, up from $65.4 in the previous…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Gold Blazes Past $4,000 as Markets Brace for Fed Minutes and AI Sector Buzz
U.S. stock futures were little changed on Wednesday, stabilizing after the previous session’s selloff as traders weighed the latest developments in the artificial intelligence (AI) sector against a backdrop of economic and political uncertainty. Growing concerns over the U.S. government shutdown and fragile economic data spurred a rush into safe-haven assets, pushing gold above $4,000…
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Euro and Yen Extend Declines Against Dollar as Political Tensions Weigh on Markets
The euro and yen fell for the third straight session on Wednesday, pressured by mounting political uncertainty in France and expectations of more aggressive fiscal spending in Japan, which have both eroded investor confidence. Analysts noted that France’s widening budget deficit and Japan’s stimulus-driven policies are prompting investors to demand higher risk premiums on government…
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Oil Rises Nearly 1% as Market Calms After OPEC+ Limits Output Increase
Oil prices gained close to 1% on Wednesday as investors grew more confident that supply will remain balanced, following OPEC+’s decision to implement only a modest production increase next month. The move helped ease earlier fears of a potential oversupply in the global oil market. By 0715 GMT, Brent crude futures climbed 63 cents, or…
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Gold Breaks $4,000 Barrier to Record High as Global Uncertainty Spurs Safe-Haven Rush
Gold prices surged to fresh record highs in Asian trading on Wednesday, surpassing the $4,000 per ounce milestone for the first time ever as investors sought refuge amid deepening political and economic instability across major economies. The rally was supported by growing expectations that the U.S. Federal Reserve will deliver additional interest rate cuts this…
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Stellantis Announces New Leadership for Europe and Global Manufacturing in Executive Restructure
Stellantis (NYSE:STLA) CEO Antonio Filosa has announced another round of leadership changes, appointing new heads for the company’s European operations and global manufacturing, just days after naming a new chief financial officer. Emanuele Cappellano, who currently oversees Stellantis’ South American division, will assume the role of Head of Enlarged Europe and European Brands, succeeding Jean-Philippe…
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U.S. Stocks Give Back Ground, S&P 500 Snaps 7-Day Winning Streak
Following the upward move seen over the course of the previous session, stocks gave back some ground during trading on Tuesday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off Monday’s record closing highs. The major averages finished the day off their worst levels but still…
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Terra Innovatum, GSR III Acquisition Corp. Approve $130 Million Merger
October 7, 2025 — Terra Innovatum Srl, a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (NASDAQ:GSRT) announced that shareholders have approved their proposed business combination, paving the way for Terra Innovatum to become a publicly traded company. The deal, valued at $130 million in total proceeds, received approval at GSR III’s Extraordinary…