ADVFN US – Market Content Editor
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Outlook Therapeutics shares climb after FDA clears LYTENAVA for wet AMD
Outlook Therapeutics (NASDAQ:OTLK) shares rose approximately 8.9% in pre-market trading as investors continued to react positively to the U.S. Food and Drug Administration’s approval of LYTENAVA (bevacizumab-vikg) for the treatment of neovascular age-related macular degeneration (wet AMD). The FDA granted approval on July 24, two business days ahead of the scheduled July 29 PDUFA target…
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Occidental Petroleum shares decline as oil prices retreat
Occidental Petroleum (NYSE:OXY) shares fell 3.8% in pre-market trading after crude oil prices dropped sharply as easing tensions between the United States and Iran reduced the geopolitical risk premium that has supported energy stocks in recent months. The decline followed reports that Washington and Tehran suspended military operations over the weekend while exploring renewed diplomatic…
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SK Hynix shares rally ahead of second-quarter earnings
SK hynix (NASDAQ:SKHY) shares jumped 6.2% in pre-market trading to $164.20, extending gains seen in South Korea as semiconductor stocks advanced ahead of a busy week of earnings releases. In domestic trading, Samsung Electronics (USOTC:SSNHZ) rose 1.80%, while SK Hynix gained 3.24%, with both companies scheduled to publish second-quarter results later this week. AI investment…
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Exxon Mobil shares fall as oil prices tumble on easing Middle East tensions
Exxon Mobil (NYSE:XOM) shares dropped nearly 3% in pre-market trading after Brent crude fell more than 8% to around $90 per barrel, following reports that the United States and Iran had paused military operations over the weekend. The decline in oil prices came after reports indicated that President Donald Trump was open to renewed diplomatic…
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Skyward bound: ZenaTech’s scaling drone growth story
Since initial versions made their debut in World War I, including the British Aerial Target and American Kittering Bug, drones have evolved into a technology unlocking newfound efficiency across a diversity of industries, including aerial inspections, inventory tracking, precision agriculture, mapping and surveying, as well as mission-critical defense operations, where traditional methods simply can’t compare…
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Forte Biosciences shares jump after $2.2 billion takeover agreement with argenx
Forte Biosciences (NASDAQ:FBRX) shares climbed 39.2% in pre-market trading after argenx (NASDAQ:ARGX) announced a definitive agreement to acquire the clinical-stage biotechnology company in an all-cash transaction valued at approximately $2.2 billion. Under the terms of the agreement, argenx will pay $77 per share in cash, representing a premium of around 40% to Forte’s previous closing…
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Argenx agrees $2.2 billion acquisition of Forte Biosciences to strengthen autoimmune drug pipeline
Argenx NV ADR (NASDAQ:ARGX) has agreed to acquire Forte Biosciences Inc (NASDAQ:FBRX) in a transaction valued at approximately $2.2 billion, expanding its portfolio of autoimmune disease treatments as it looks to build new growth opportunities beyond its flagship medicine, Vyvgart. Under the agreement announced on Monday, the Dutch biotechnology company will purchase the Dallas-based biotech…
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Brown-Forman board dismisses unsolicited takeover proposal from Sazerac
Brown-Forman (NYSE:BF.A), the producer of Jack Daniel’s whiskey, said its board has reviewed an unsolicited takeover approach from privately owned spirits group Sazerac and determined that the proposal was “not actionable.” According to sources familiar with the matter, Sazerac submitted a cash offer of $32 per share on May 1 in an attempt to acquire…
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Nvidia explores $250 billion guarantee for OpenAI’s Ohio data centre project
Nvidia (NASDAQ:NVDA) is reportedly negotiating a financial guarantee worth approximately $250 billion to support OpenAI’s planned data centre development in Ohio, according to a Wall Street Journal report published on Monday. If completed, the arrangement would rank among the largest financing agreements ever undertaken in the artificial intelligence sector. People familiar with the discussions told…
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Five market themes investors will be watching this week
Financial markets are entering one of the busiest weeks of the year, with investors preparing for a series of events that could shape sentiment across global asset classes. Central bank decisions, major technology earnings, key U.S. economic data and developments in the Middle East are all expected to influence trading in the days ahead. Federal…