ADVFN US – Market Content Editor
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Abivax Shares Surge After Strong Phase 3 Results in Ulcerative Colitis Study
Abivax SA ADR (NASDAQ:ABVX) shares climbed 7.7% in premarket trading Monday after the clinical-stage biotechnology company reported positive Phase 3 results for its experimental ulcerative colitis treatment, obefazimod. The company said its once-daily 50 mg dose of obefazimod produced clinically meaningful improvements across all key endpoints in patients with moderate-to-severe ulcerative colitis, including those who…
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Dragonfly Energy Shares Sink After Announcing $25 Million Stock Offering
Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares tumbled 30% on Monday after the energy storage and battery technology company announced the pricing of a new underwritten public offering. The Nevada-based firm priced 20 million shares of common stock at $1.25 per share, a steep discount from Friday’s closing price of $1.89. The offering is expected to…
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Heidrick & Struggles Shares Surge After $1.3 Billion Buyout Agreement
Heidrick & Struggles International (NASDAQ:HSII) shares jumped 20% in premarket trading Monday after the global leadership advisory and executive search firm announced it will be acquired by a consortium led by Advent International and Corvex Private Equity in an all-cash transaction valued at approximately $1.3 billion. Under the terms of the agreement, Heidrick shareholders will…
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Arcutis Biotherapeutics Shares Rise After FDA Approves Eczema Cream for Young Children
Arcutis Biotherapeutics Inc. (NASDAQ:ARQT) shares gained 1.5% in premarket trading Monday after the U.S. Food and Drug Administration (FDA) approved the company’s ZORYVE (roflumilast) cream 0.05% for the treatment of mild to moderate atopic dermatitis in children aged 2 to 5 years. The FDA’s approval of the supplemental new drug application (sNDA) gives parents and…
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HIVE Shares Climb as Bitcoin Output Surges 138% Year Over Year
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares rose 6.5% in premarket trading Monday after the company reported a sharp year-over-year increase in Bitcoin production for September. The digital infrastructure firm said it mined 267 Bitcoin last month, an 8% rise from August’s 247 BTC and a 138% increase compared to the 112 BTC mined in September…
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Gilead Shares Rise After Reaching Settlement on Biktarvy Patent Disputes
Gilead Sciences Inc. (NASDAQ:GILD) shares climbed 4.5% on Monday after the company announced it had resolved patent litigation with several generic drugmakers involving its blockbuster HIV therapy Biktarvy. The biopharmaceutical firm said it has reached settlement agreements with Lupin Ltd., Cipla Ltd., and Laurus Labs Ltd., which had submitted abbreviated new drug applications (ANDAs) to…
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Axalta Shares Gain After Launch of New Safety-Focused EV Battery Coatings
Axalta Coating Systems Ltd. (NYSE:AXTA) shares rose 2.3% in premarket trading Monday after the company announced it will introduce two advanced coatings designed for electric vehicle (EV) battery applications. The global coatings manufacturer will debut Alesta e-PRO FG Black and Alesta e-PRO Dielectric Gray at The Battery Show North America. Both products were specifically engineered…
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Churchill Capital Corp X Shares Jump After Citron Research Calls It a Top Quantum Trade
Shares of Churchill Capital Corp X (NASDAQ:CCCX) climbed 11% on Monday after Citron Research spotlighted the SPAC as a promising investment opportunity in the quantum computing space. The research firm described CCCX as “the MOST compelling trade in quantum,” recommending investors buy it against any position in Rigetti Computing (NASDAQ:RGTI). Citron added that Infleqtion, the…
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SPAC News From The Last Seven Days
The Last Week’s Deals RF Acquisition Corp II (NASDAQ:RFAI) announced plans to merge with Nanyang Biologics Pte. Ltd., a biotechnology company specializing in AI-powered drug discovery. The transaction assigns the Singapore-based firm an equity value of $1.5 billion and is expected to be completed in the second quarter of 2026. GigCapital7 Corp. (NASDAQ:GIG) revealed an…
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Bitcoin Surpasses $124,000, Renewing Optimism in the Crypto Market
Bitcoin (COIN:BTCUSD) continued its upward trend on Monday morning, October 6, 2025, surpassing $124,500, a 1.1% increase in the last 24 hours, reaching a high of $124,875 and a low of $122,538 during that period. The world’s largest cryptocurrency has accumulated gains of 11% this week. Spot BTC ETFs in the US totaled $3.2 billion…