ADVFN US – Market Content Editor
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Northrop Grumman moves Sentinel missile program closer to 2027 first flight
Northrop Grumman Corporation (NYSE:NOC) and the U.S. Air Force reported continued progress on the Sentinel intercontinental ballistic missile program, with a first flight targeted for 2027 and initial operational capability expected in the early 2030s. The LGM-35A Sentinel system is being developed to replace the aging Minuteman III ground-based nuclear deterrent across a footprint spanning…
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REPAY defends KUBRA deal following Veradace letter
Repay Holdings Corporation (NASDAQ:RPAY) has responded to a letter from Veradace Partners addressing governance concerns and the company’s proposed acquisition of KUBRA. The board confirmed it has reviewed Veradace’s correspondence and reiterated its support for the KUBRA transaction, arguing that the deal will expand REPAY’s presence in bill payment services, strengthen its role in payment…
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GoPro teams up with Oliver Wyman to target defense and aerospace opportunities
GoPro (NASDAQ:GPRO) said it is expanding into the defense and aerospace sectors, partnering with consulting firm Oliver Wyman to assess potential applications for its camera technology. The San Mateo-based company said the collaboration will focus on identifying addressable markets, evaluating technology fit, and developing go-to-market strategies for government and defense use cases. The initiative will…
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Revolution Medicines shares jump on breakthrough pancreatic cancer trial results
Revolution Medicines (NASDAQ:RVMD) surged 33% on Monday after announcing positive topline findings from its Phase 3 RASolute 302 trial of daraxonrasib in previously treated metastatic pancreatic ductal adenocarcinoma patients. The study achieved all primary and key secondary endpoints, including both progression-free survival and overall survival. Daraxonrasib delivered a median overall survival of 13.2 months, compared…
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HPE shares fall as analysts flag slower growth outlook
Hewlett Packard Enterprise (NYSE:HPE) shares dropped more than 3% on Monday after analysts raised concerns about the company’s near-term growth trajectory. Raymond James downgraded the stock from “Strong Buy” to “Outperform,” citing softer growth expectations while maintaining a constructive long-term view. The firm said the move reflects “less certainty around growth and catalysts,” even as…
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Eli Lilly reports positive Phase 3 results for Jaypirca in blood cancer study
Eli Lilly and Company (NYSE:LLY) said its therapy Jaypirca achieved the primary endpoint in a Phase 3 trial involving patients with previously treated chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL). The BRUIN CLL-322 study evaluated Jaypirca in combination with venetoclax and rituximab against a regimen of venetoclax and rituximab alone in 639 patients…
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Best Buy shares slide after Goldman Sachs cuts rating to Sell
Best Buy (NYSE:BBY) shares dropped 4% on Monday after Goldman Sachs Group downgraded the stock from Neutral to Sell and set a price target of $59. The downgrade reflects concerns about potential challenges beyond the first quarter, despite short-term support from stronger PC demand and higher consumer tax refunds. Analyst Kate McShane warned that rising…
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Halliburton secures multibillion-dollar fracking deal with YPF in Argentina
Halliburton Company (NYSE:HAL) has been awarded a multibillion-dollar contract by YPF to deliver unconventional well completion services in Argentina’s Vaca Muerta shale basin. The multi-year agreement establishes an exclusive partnership covering bundled completion services in Vaca Muerta, widely regarded as one of the largest shale resources outside North America. The contract follows a competitive tender…
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Goldman Sachs slips despite first-quarter earnings beat
Goldman Sachs Group (NYSE:GS) reported stronger-than-expected first-quarter results, but its shares dropped 3.8% following the announcement. The bank posted earnings per share of $17.55 for the period ending March 31, comfortably ahead of the $16.47 consensus forecast. Revenue came in at $17.23 billion, also topping estimates of $16.95 billion and rising 14% from $15.09 billion…
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Commvault appoints Gary Merrill as CFO, Geoff Haydon to lead customer operations
Commvault (NASDAQ:CVLT) has announced two senior leadership changes effective immediately, naming Gary Merrill as Chief Financial Officer and Geoff Haydon as President of Customer and Field Operations. Both will report directly to CEO Sanjay Mirchandani. Merrill returns to the CFO position, a role he previously held from 2022 to 2024. Over the past two years,…