ADVFN US – Market Content Editor
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Travere Shares Sink as FDA Seeks Further Clarification on Kidney Drug
Shares of Travere Therapeutics (NASDAQ:TVTX) plunged around 33% on Tuesday after the company disclosed that U.S. regulators have asked for additional data related to its treatment for a rare kidney condition. Travere said it has received information requests from the U.S. Food and Drug Administration aimed at better defining the clinical benefit of Filspari in…
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Red Cat Shares Jump on Preliminary Q4 Revenue Explosion
Shares of Red Cat Holdings (NASDAQ:RCAT) climbed about 6% after the drone technology firm released preliminary fourth-quarter revenue figures showing exceptional year-on-year growth. The U.S.-based supplier of advanced drone systems for defense and national security said unaudited Q4 revenue is expected to land between $24.0 million and $26.5 million. That compares with just $1.3 million…
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Ormat Shares Surge After 20-Year Geothermal Power Deal With Switch
Shares of Ormat Technologies (NYSE:ORA) jumped about 6% on Tuesday after the company disclosed a long-term power purchase agreement with data center operator Switch. The 20-year agreement covers roughly 13 megawatts of geothermal capacity and marks Ormat’s first direct PPA with a data center customer. Power will be supplied from Ormat’s Salt Wells geothermal facility…
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JPMorgan Beats Q4 Forecasts as Trading Strength Offsets Softer Deal Fees
JPMorgan Chase (NYSE:JPM) reported fourth-quarter results that came in ahead of expectations, with robust performance in its trading and markets businesses helping to offset weaker investment banking fees. The bank posted adjusted net income of $14.7 billion for the quarter ended December, equivalent to $5.23 per share, comfortably above forecasts of $4.92 per share. However,…
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BNY Mellon Tops Q4 Forecasts as Interest Income and Custody Assets Rise
Bank of New York Mellon (NYSE:BK) reported stronger-than-expected results for the fourth quarter of 2025 on Tuesday, supported by higher net interest income and solid growth in assets under custody. Shares were little changed following the update, edging down just 0.01%. The bank posted adjusted earnings per share of $2.08, comfortably ahead of the $1.99…
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Delta Shares Slide as Revenue Falls Short Despite Earnings Beat
Shares of Delta Air Lines (NYSE:DAL) declined about 3.3% after the carrier reported fourth-quarter results that topped profit forecasts but missed expectations on revenue, while its outlook for 2026 offered a mixed picture for investors. Delta reported adjusted earnings of $1.55 per share for the December quarter, slightly ahead of the $1.52 consensus estimate. Revenue,…
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Hedge Funds Deliver Best Yearly Returns Since the Financial Crisis
Hedge funds turned in their strongest annual showing in more than a decade, posting double-digit gains in 2025 as performance improved across most investment strategies, according to data from Hedge Fund Research (HFR). The industry generated an average return of 12.6% for the year, marking its best result since 2009, when hedge funds surged close…
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U.S. Inflation Data Shows December Price Gains in Line With Forecasts
Consumer prices in the United States rose broadly as anticipated in December, according to figures released Tuesday by the Labor Department. The report showed that the consumer price index increased by 0.3% over the month, matching economists’ expectations. When volatile food and energy components are excluded, core consumer prices edged up 0.2% in December, coming…
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Benign Inflation Reading Could Support Early Gains on Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures are signaling a modestly positive start to trading on Tuesday, suggesting equities may build on the rebound seen late in the previous session, which ended with mild gains after an early dip. Futures ticked higher after the release of the U.S. Labor Department’s closely followed December inflation report. The data showed…
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Oil Extends Rally to Fourth Session on Iran Supply Concerns
Oil prices continued to climb during Asian trading on Tuesday, posting a fourth straight day of gains as investors priced in rising risks of supply disruptions from Iran amid escalating political unrest. By 21:18 ET (02:18 GMT), Brent crude futures for March delivery were up 0.4% at $64.10 a barrel, while U.S. West Texas Intermediate…