ADVFN US – Market Content Editor
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CarMax Tops Q4 Estimates but Shares Slide on $141M Goodwill Charge
CarMax (NYSE:KMX) reported fourth-quarter results that exceeded analyst expectations, but the stock declined after the company disclosed a $141.3 million goodwill impairment. Shares dropped more than 6% in premarket trading Tuesday. The used-car retailer posted earnings of $0.34 per share for the fourth quarter of fiscal 2026, ahead of the $0.18 consensus estimate. Revenue came…
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Travere Shares Jump 44% After FDA Approval for Rare Kidney Disease Treatment
Travere Therapeutics (NASDAQ:TVTX) shares surged 44% on Tuesday after the U.S. Food and Drug Administration approved FILSPARI for the treatment of focal segmental glomerulosclerosis (FSGS), a rare kidney disorder. The FDA cleared FILSPARI to reduce proteinuria in both adult and pediatric patients aged 8 and older with FSGS who do not have nephrotic syndrome. The…
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Clearmind Shares Surge as CMND-100 Achieves Primary Endpoint in Clinical Trial
Clearmind Medicine Inc. (NASDAQ:CMND) reported that its drug candidate CMND-100 successfully met the primary safety and tolerability endpoint in an FDA-approved Phase I/IIa clinical study targeting alcohol use disorder, sending the company’s shares up 40%. The Vancouver-based biotech firm said data from the trial’s third cohort demonstrated a strong safety profile for CMND-100, including at…
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Lucid Shares Jump on $750M Investment and Expanded Uber Robotaxi Deal
Lucid Group Inc (NASDAQ:LCID) shares climbed 11% on Tuesday after the electric vehicle maker unveiled $750 million in fresh funding and a significant expansion of its robotaxi partnership with Uber (NYSE:UBER). Ayar Third Investment Company, an affiliate of the Public Investment Fund, has agreed to invest $550 million through the purchase of Lucid’s convertible preferred…
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Albertsons Beats Q4 Earnings Estimates, Revenue Misses Expectations
Albertsons Companies Inc. (NYSE:ACI) reported fourth-quarter results on Tuesday, with earnings coming in ahead of expectations while revenue fell short of forecasts. Adjusted earnings per share were $0.48, exceeding the analyst estimate of $0.43. Revenue totaled $20.3 billion, below the $20.49 billion consensus estimate, but still higher than the $18.8 billion reported in the same…
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GameStop Unveils Power Packs Digital Trading Card Platform
GameStop Corp. (NYSE:GME) has introduced its new Power Packs digital trading card platform, set to become available to the public on April 15, 2026, according to a company announcement. The service enables users to buy digital packs that correspond to physical trading cards graded by PSA. These cards are held in the PSA Vault, giving…
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U.S. Producer Prices Rise Less Than Expected in March, Easing Inflation Concerns
Fresh data from the U.S. Department of Labor on Tuesday showed that U.S. producer prices rose less than anticipated in March, pointing to softer inflation pressures at the wholesale level. The producer price index (PPI) for final demand increased by 0.5% during the month, in line with a downwardly revised reading for February. Economists had…
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Futures Signal Further Gains for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock index futures are pointing to a stronger open on Tuesday, suggesting equities could extend gains after a solid rally in the previous session. The positive tone in markets is being driven in part by renewed optimism over a possible second round of negotiations between the U.S. and Iran aimed at resolving the Middle…
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IEA Cuts Oil Outlook as Middle East Conflict Disrupts Global Energy Markets
The International Energy Agency has sharply downgraded its oil supply and demand projections, warning that both are now set to decline from 2025 levels as the Middle East conflict disrupts energy flows and pressures the global economy. The agency now expects global oil demand to contract by 80,000 barrels per day in 2026, a significant…
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Lockheed Martin Expands Venture Capital Fund to $1 Billion
Lockheed Martin (NYSE:LMT) said it is significantly increasing the size of its venture capital arm, Lockheed Martin Ventures, raising its capacity from $400 million to $1 billion. The move represents a 250% expansion and marks the fund’s largest increase since its launch in 2007. The defense contractor said the additional capital will be deployed over…