ADVFN US – Market Content Editor
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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…
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Nasdaq and NYSE’s biggest gainers and losers in Monday’s premarket
Pre-market sentiment reflected optimism across U.S. stock markets. On the NYSE , about 66%, or 1,322 companies, rose, while 388 (nearly 19%) fell and 266 remained flat. On the Nasdaq , among 3,445 monitored companies, 2,236 shares rose (approximately 64%), 897 fell (around 26%), while 312 shares remained unchanged. Largest NYSE Pre-Market Swings The three biggest gainers in premarket…
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Galaxy Digital Shares Jump After Launch of New GalaxyOne Investment Platform
Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) shares climbed 8.4% in premarket trading Monday after the company unveiled GalaxyOne, a new financial technology platform designed to give U.S. individual investors access to high-yield cash accounts as well as crypto and equities trading. Through Galaxy Premium Yield, accredited investors can earn an 8.00% Annual Percentage Yield (APY), while…
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Verizon Names Dan Schulman as New CEO, Succeeding Hans Vestberg
Verizon Communications Inc. (NYSE:VZ) announced on Monday the appointment of Dan Schulman as its new chief executive officer, effective immediately, succeeding Hans Vestberg, who has led the company for the past eight years. Schulman, best known for his tenure as CEO of PayPal Holdings Inc., has served on Verizon’s board of directors since 2018 and…
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OneMedNet Shares Jump, Palantir Rises on Multi-Year AI Healthcare Partnership
OneMedNet Corp (NASDAQ:ONMD) shares surged 41.8%, while Palantir Technologies Inc (NYSE:PLTR) rose 2.9% in premarket trading Monday after the two companies announced a multi-year collaboration aimed at transforming AI and Real-World Data (RWD) analytics in healthcare. The partnership will combine Palantir’s Artificial Intelligence Platform (AIP) with OneMedNet’s iRWD™ provider network, enabling life sciences firms, medical…
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Spruce Biosciences Shares Surge After FDA Grants Breakthrough Therapy Designation
Shares of Spruce Biosciences (NASDAQ:SPRB) jumped 60% on Monday after the company announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation for its investigational enzyme replacement therapy, tralesinidase alfa (TA-ERT), developed for the treatment of Sanfilippo Syndrome Type B. The FDA designation — which accelerates the development and review process…
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Smurfit Westrock Shares Slip as Mondi Profit Warning Hits Paper and Packaging Stocks
Shares of Smurfit Westrock (NYSE:SW) fell 4.5% on Monday, while International Paper (NYSE:IP) dropped 3.8%, after rival Mondi issued a profit warning, saying that tough market conditions are expected to persist through the end of the year and that its quarterly earnings came in below forecasts. Mondi’s shares plunged as much as 16%, marking their…
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Skye Bioscience Shares Plunge After Weight Loss Drug Fails Mid-Stage Trial
Shares of Skye Bioscience (NASDAQ:SKYE) collapsed 65% on Monday after the company announced disappointing Phase 2a trial results for nimacimab, its experimental drug aimed at promoting weight loss. The San Diego-based biotech firm reported that nimacimab monotherapy failed to achieve its primary endpoint in the CBeyond™ trial. Patients treated with the drug recorded only a…
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Snow Lake Shares Jump After Deal to Acquire Global Uranium and Enrichment
Shares of Snow Lake Resources Ltd. (NASDAQ:LITM) surged 10% on Monday after the company announced it has signed a definitive agreement to acquire Global Uranium and Enrichment Limited (GUE), in a move aimed at building a U.S.-focused nuclear fuel cycle company. The acquisition will bring together Snow Lake’s existing 50/50 joint venture with GUE on…