ADVFN US – Market Content Editor
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GitLab shares slide after disappointing earnings guidance
Shares of GitLab (NASDAQ:GTLB) dropped 8.8% to $24.35 in premarket trading on Wednesday after the software development platform issued a fiscal 2027 earnings outlook that came in below Wall Street expectations. The company forecast adjusted earnings per share of between 76 cents and 80 cents for fiscal 2027, well under analysts’ consensus estimate of $1.05,…
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Moderna agrees up to $2.25 billion settlement in COVID vaccine patent dispute
Moderna (NASDAQ:MRNA) has reached a settlement worth up to $2.25 billion with Genevant Sciences, a subsidiary of Roivant Sciences (NASDAQ:ROIV), and Arbutus Biopharma (NASDAQ:ABUS), resolving a patent dispute tied to its COVID-19 vaccine. The agreement brings to an end multiple legal cases in the United States and internationally that alleged Moderna used lipid nanoparticle (LNP)…
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Novo Nordisk gains after FDA issues warnings to telehealth firms over compounded GLP-1 drugs
Shares of Novo Nordisk (NYSE:NVO) climbed more than 3% on Wednesday after the U.S. Food and Drug Administration sent warning letters to 30 telehealth companies over false or misleading marketing of compounded GLP-1 medications, including versions of the company’s semaglutide and Eli Lilly’s tirzepatide. According to the FDA, the companies breached regulations by promoting compounded…
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Latham Group shares climb after stronger-than-expected quarterly sales
Shares of Latham Group (NASDAQ:SWIM) surged 19.6% to $7.76 in premarket trading on Wednesday after the swimming pool manufacturer posted fourth-quarter results that came in ahead of analysts’ forecasts. The company reported that net sales for the quarter rose 14.5% compared with the same period a year earlier. Latham Group also highlighted particularly strong performance…
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Oil jumps as Middle East conflict raises supply concerns; Goldman upgrades outlook
Oil prices climbed sharply on Wednesday, extending strong gains from the previous two sessions as the escalating conflict involving the United States, Israel, and Iran heightened fears of disruptions to global crude supply. At 03:40 ET (08:40 GMT), Brent crude futures for May delivery were up 3.5% at $84.25 per barrel, while U.S. West Texas…
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Gold rebounds after sharp fall as Iran tensions revive safe-haven interest
Gold prices moved higher in Asian trading on Wednesday, recovering part of the steep losses recorded in the previous session as investors reconsidered demand for safe-haven assets amid escalating tensions between the United States and Iran and a surge in the U.S. dollar. Spot gold rose 1.2% to $5,150.63 per ounce as of 01:45 ET…
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Bitcoin Holds Near $68K as Trump Voices Support While Iran Tensions Weigh on Crypto
Bitcoin (COIN:BTCUSD) traded largely steady on Wednesday, drawing limited support after U.S. President Donald Trump called for stronger regulatory backing for the cryptocurrency sector. However, ongoing concerns surrounding the conflict between the United States and Iran — and the potential inflationary consequences of the situation — continued to weigh on digital assets, curbing momentum after…
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U.S. Futures Slip While Oil Climbs as Iran Conflict Intensifies — Key Market Drivers: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to major U.S. stock indices moved slightly lower as clashes between Iranian forces and a joint U.S.–Israeli campaign continued to escalate across the Middle East. Oil prices pushed higher as shipping activity through the Strait of Hormuz — a critical route for global oil and gas transport — has nearly come to a…
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Drones over Dubai! NEO Battery Materials is the hidden gem for the drone supercycle and more!
Current developments in the Middle East are showing the world, with depressing clarity, how much warfare has changed. Images over the weekend from Dubai, Qatar, and other major cities demonstrate the destructive potential of drones – precise, difficult to defend against, and often deployed with comparatively limited resources. It is evident that drones will not…
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U.S. Stocks Climb Well Off Worst Levels But Still Close Notably Lower
After another sell-off at the start of trading on Tuesday, stocks once again staged a recovery attempt but did have as much success as Monday and still ended the day notably lower. While the major averages climbed well off their worst levels of the day, they remained firmly in negative territory. The Dow ended the…