ADVFN US – Market Content Editor
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MicroStrategy Buys More Bitcoin Amid Class Action Lawsuit Disclosure
MicroStrategy Incorporated (NASDAQ: MSTR) has continued expanding its bitcoin holdings while raising capital through recent stock offerings. Between May 12 and May 18, 2025, the company sold approximately 1.71 million shares of its Class A common stock, generating net proceeds of $705.7 million and leaving nearly $19 billion worth of shares available for future sale.…
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Oil Prices Dip on U.S. Credit Downgrade, China Growth Concerns, and Iran Deal Risks
Oil prices slipped Monday, reversing some of last week’s gains, as markets digested renewed economic uncertainty in the U.S. and China, along with signals of rising global crude supply. As of 08:15 ET (12:15 GMT), Brent crude futures for June delivery were down 0.7% at $64.93 a barrel, while West Texas Intermediate (WTI) futures dropped…
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Walmart Stock Slides After Trump Urges Retail Giant to Absorb Tariff Costs
Walmart Inc. (NYSE:WMT) shares dropped 1.7% in premarket trading Monday, lagging behind the broader S&P 500 futures, which were down around 1%. The decline follows pointed remarks from former President Donald Trump, who publicly urged the retail giant to shoulder the burden of tariffs rather than raising consumer prices. The comments, posted Saturday on Trump’s…
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TransDigm to Acquire Servotronics in $110M Deal at Massive 274% Premium
Shares of Servotronics Inc. (NYSE:SVT) are set to soar after the aerospace components manufacturer agreed to be acquired by TransDigm Group Incorporated (NYSE:TDG) in a deal valued at approximately $110 million. The all-cash transaction will see TransDigm purchase Servotronics for $38.50 per share—representing a staggering 274% premium over the stock’s May 16, 2025, closing price.…
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Protagenic Therapeutics Soars 190% on Merger to Launch Neuroactive Biopharma Firm
Shares of Protagenic Therapeutics (NASDAQ:PTIX) skyrocketed nearly 190% following the announcement of a merger with Phytanix Bio Inc., a move set to create a new biopharmaceutical entity named Phytanix, Inc. The combined company will focus on advancing innovative therapies targeting central nervous system (CNS) disorders, metabolic diseases, and stress-related conditions. The deal brings together a…
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Morgan Stanley: Apple Still Under-Owned, Meta Overheld Among Big Tech Stocks
According to Morgan Stanley’s latest review of institutional holdings, Apple (NASDAQ:AAPL) continues to be the most under-owned large-cap tech stock among major U.S. investors, while Meta Platforms (NASDAQ:META) remains significantly overrepresented in portfolios. The analysis, based on Q1 13-F filings, reveals that although the ownership gap across the sector has narrowed somewhat, Apple still trails…
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Regeneron Shares Climb on Acquisition of 23andMe Assets in Bankruptcy Deal
Regeneron Pharmaceuticals (NASDAQ:REGN) saw its stock rise 2% after announcing it had secured a winning bid to acquire key assets of genetic testing company 23andMe through a bankruptcy auction. The $256 million deal is poised to significantly enhance Regeneron’s capabilities in genetics-driven research and drug development. The acquisition includes 23andMe’s core business lines—such as its…
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Bybit to Launch Direct Stock Trading with USDT Stablecoin Integration
Crypto exchange Bybit is set to bridge the gap between digital and traditional markets with a new feature allowing users to directly trade major global stocks using the Tether (USDT) stablecoin. The initiative, announced Monday, is part of Bybit’s Gold & Forex product suite and aims to offer a seamless experience for those operating within…
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Evercore Upgrades Home Depot Ahead of Earnings, Sees Potential Return to $400
Evercore ISI has boosted its stance on Home Depot (NYSE:HD), adding the home improvement giant to its Tactical Outperform list just ahead of its upcoming Q1 earnings announcement scheduled for May 20. The firm anticipates Home Depot will maintain its full-year 2025 guidance, which includes a projected 2% drop in earnings per share to approximately…
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Dow Jones, S&P, Nasdaq, Debt Rating Downgrade May Lead To Pullback On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Monday, with stocks likely to give back ground after moving sharply higher over the previous week. Traders may look to cash in on last week’s rally, which lifted the major averages to their best closing…