ADVFN US – Market Content Editor
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Beam Therapeutics Shares Climb After Positive BEAM-302 Trial Update
Shares of Beam Therapeutics Inc. (NASDAQ:BEAM) gained about 8% on Wednesday after the company released updated results from its ongoing Phase 1/2 clinical study of BEAM-302, a treatment being developed for alpha-1 antitrypsin deficiency (AATD). According to the company, patients receiving a 60 mg dose of BEAM-302 achieved a mean steady-state total AAT level of…
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Nanobiotix Shares Surge After Report of Possible Johnson & Johnson Takeover Interest
Shares of Nanobiotix (NASDAQ:NBTX) climbed sharply after media reports suggested that Johnson & Johnson (NYSE:JNJ) is evaluating a potential acquisition of the French biotech firm. According to La Lettre, J&J is reviewing the possibility of buying Nanobiotix, a company it already collaborates with on the development of a cancer treatment. Neither Johnson & Johnson nor…
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U.S. Import Prices Rise Sharply in February on Higher Fuel Costs
U.S. import prices rose far more than anticipated in February, largely driven by a sharp increase in the cost of fuel imports, according to data released Wednesday by the Labor Department. The report showed import prices climbing 1.3% during the month, following a revised 0.6% increase recorded in January. Economists had projected a more modest…
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Reports of U.S.-Iran peace proposal may support Wall Street at the open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures were pointing to a stronger start on Wednesday, suggesting equities could rebound after the modest pullback seen in the previous trading session. Oil prices have retreated following a report from the New York Times stating that the United States has delivered a 15-point proposal to Iran aimed at ending the war in…
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Lockheed Martin to ramp up Precision Strike Missile production under new framework deal
Lockheed Martin (NYSE:LMT) announced a framework agreement with the Department of War aimed at accelerating the production of Precision Strike Missiles (PrSM), with plans to expand manufacturing capacity fourfold. The arrangement builds on a $4.94 billion contract awarded by the U.S. Army last year. The framework includes the possibility of a multi-year contract lasting up…
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Waterdrop shares climb more than 3% after strong Q4 results and AI-driven growth
Waterdrop Inc. (NYSE:WDH) reported fourth-quarter results that came in above market expectations. The company’s shares rose about 3.59% in after-hours trading following the earnings release. The insurance and healthcare technology platform posted adjusted earnings per share of $0.01 for the quarter, while revenue totaled $201.8 million, representing a 105.5% year-over-year increase from $686.8 million in…
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On Holding shares drop 5% as CEO Martin Hoffmann announces departure
On Holding AG (NYSE:ONON) shares declined about 5% on Wednesday after the company revealed that Chief Executive Officer Martin Hoffmann will step down after 13 years with the Swiss sportswear company. Starting May 1, company co-founders David Allemann and Caspar Coppetti will take on the roles of Co-CEOs while continuing to serve as Executive Co-Chairmen…
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Cipher Digital secures 15-year data center lease and $200M revolving credit facility
Cipher Digital Inc. (NASDAQ:CIFR) announced it has signed a 15-year lease agreement for a data center campus with an investment-grade hyperscale tenant and arranged a $200 million revolving credit facility. The agreement represents Cipher’s third contract for a data center campus. As part of the deal, the company will construct and deliver a new high-performance…
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Honeywell agrees $500 million defense production framework with U.S. government
Honeywell (NASDAQ:HON) said it has entered into a supplier framework agreement with the U.S. Department of War aimed at expanding production of key defense technologies, supported by a $500 million multi-year investment to enhance manufacturing capacity. As part of the agreement, Honeywell Aerospace will boost output of navigation systems, Assure actuators and electronic warfare technologies.…
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Epsilon tops fourth-quarter forecasts on higher output
Epsilon Energy Ltd. (NASDAQ:EPSN) reported fourth-quarter adjusted earnings per share of $0.43, significantly ahead of analyst expectations of $0.04. Revenue totaled $14.82 million, exceeding the consensus forecast of $11.36 million and marking a 65% increase from $8.98 million in the third quarter. Shares of the company rose about 1.13% in after-hours trading following the announcement.…