ADVFN US – Market Content Editor
-
Scholar Rock Shares Drop After FDA Issues Response Letter for SMA Therapy
Scholar Rock (NASDAQ:SRRK) shares fell 14% on Tuesday following the U.S. Food and Drug Administration’s (FDA) issuance of a Complete Response Letter (CRL) regarding the company’s spinal muscular atrophy (SMA) treatment, apitegromab. The FDA’s concerns stemmed exclusively from findings during a routine inspection of Catalent Indiana LLC, a third-party fill-finish facility recently acquired by Novo…
-
AutoZone Q4 Profits Fall Short as LIFO Charge Pressures Margins
AutoZone, Inc. (NYSE:AZO) reported fourth-quarter earnings that missed analyst forecasts, as a substantial LIFO accounting charge weighed on profitability despite solid same-store sales performance. Shares of the automotive retailer fell over 4% following the report. For the 16-week period ending August 30, 2025, AutoZone posted adjusted earnings per share of $48.71, below the analyst consensus…
-
SPAC News From The Last Seven Days
The Last Week’s Deals Willow Lane Acquisition Corp. (NASDAQ:WLAC) announced a deal to acquire Boost Run, reflecting an enterprise value of $614mm. The deal is expected to close in Q4 2025. ESH Acquisition Corp. (NASDAQ:ESHA) announced a deal to acquire next-generation health and wellness group The Original Fit Factory. This reflects an equity value of…
-
Dow Jones, S&P, Nasdaq, Wall Street U.S. Futures Flat as Markets Await Powell Speech
U.S. stock index futures signaled a muted open on Tuesday, with traders showing little appetite for big moves as they waited for comments from Federal Reserve Chair Jerome Powell later in the day. Powell is set to deliver a speech on the economy at the Greater Providence Chamber of Commerce’s 2025 Economic Outlook Luncheon. His…
-
Johnson & Johnson to Pull Acid Reflux Device from International Markets
Johnson & Johnson (NYSE:JNJ) announced plans to remove its LINX Reflux Management System from markets outside the United States, according to a Bloomberg report on Tuesday. JNJ shares were up 0.9% in premarket trading. The company said the withdrawal, scheduled to begin in March, is for commercial reasons and not linked to any safety or…
-
TSMC and Foxconn Stocks Rally on Nvidia’s $100 Billion OpenAI Investment
Shares of key Nvidia (NASDAQ:NVDA) partners, including Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Foxconn (USOTC:FXCOF), climbed on Tuesday following the announcement that the U.S. chipmaker plans to invest up to $100 billion in OpenAI to expand AI data center infrastructure. The agreement involves supplying data center chips and deploying at least 10 gigawatts of computing…
-
Kenvue Shares Bounce Back Despite Trump Remarks on Painkiller and Autism
Kenvue (NYSE:KVUE) saw its shares rise in premarket trading on Tuesday, recovering from a record low the day before, even after U.S. President Donald Trump linked Tylenol use during pregnancy to an increased autism risk during a White House press briefing. The stock climbed roughly 6% in premarket trade. Kenvue shares had fallen 7.5% on…
-
Dimon: U.S. Economy Slowing, But Not a “Disaster”
JPMorgan Chase CEO Jamie Dimon has said that the U.S. economy is slowing down, though he does not consider the situation a “disaster.” Speaking to CNBC, Dimon noted that he maintains a more cautious perspective on inflation than many other analysts, highlighting that “there is a lot of conflicting data which is not perfect.” He…
-
Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets await Micron earnings, U.S. flash PMIs, and Powell remarks
U.S. stock futures traded mostly flat Tuesday as investors awaited key developments from chipmaker Micron (NASDAQ:MU) and speeches by Federal Reserve officials. Optimism surrounds Micron’s report, fueled by strong demand expectations for its processors used in AI infrastructure. Meanwhile, early readings on U.S. business activity for September may offer clues on corporate momentum heading into…
-
Dollar gains slightly ahead of Powell speech; euro eases back
The U.S. dollar edged up on Tuesday as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session, following the central bank’s recent interest rate cut. By 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, ticked 0.1% higher to 97.012, rebounding modestly after yesterday’s decline.…