ADVFN US – Market Content Editor
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Longevity Health Shares Skyrocket After All-Stock Merger with THPlasma
Shares of Longevity Health Holdings Inc. (NASDAQ:XAGE) soared 155% on Tuesday after the company announced a definitive agreement to merge with True Health Inc., the operator of THPlasma, in an all-stock deal. The acquisition of THPlasma marks Longevity Health’s latest expansion effort, following its takeovers of Carmell Therapeutics in July 2023 and Elevai Skincare in…
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MP Materials shares jump on report of $500M Apple investment
Shares of MP Materials (NYSE:MP) surged 8% in premarket trading Tuesday after reports emerged that Apple (NASDAQ:AAPL) is preparing to invest $500 million in the U.S.-based rare earths company. The arrangement would see MP Materials supply neodymium magnets—crucial components for many Apple products—from its Fort Worth, Texas facility. In addition, Apple and MP Materials reportedly…
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U.S. Inflation Meets Expectations in June; New York Manufacturing Rebounds Sharply
Consumer price growth in the U.S. aligned with economists’ projections in June, according to data released Tuesday by the Labor Department. The Consumer Price Index (CPI) climbed 0.3% in June, a faster pace than the 0.1% increase recorded in May. On a year-over-year basis, inflation accelerated to 2.7%, up from 2.4% the previous month and…
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Dow Jones, S&P, Nasdaq, Stock Futures Rise as Nvidia Surges, CPI Report Offers No Surprises
U.S. equity futures pointed to early gains on Tuesday, setting the stage for a positive open as investors digested fresh inflation data and a key update from chip giant Nvidia. Nvidia (NASDAQ:NVDA) was a standout in premarket trading, jumping 4.7% after the company revealed it would “soon” resume shipments of its AI-focused H20 chips to…
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ProKidney Shares Dip Following FDA Agreement on Rilparencel Approval Strategy
ProKidney Corp. (NASDAQ:PROK) saw its stock drop 11% in early trading before recovering somewhat to close down 3%, after announcing alignment with the U.S. Food and Drug Administration on the accelerated approval framework for its kidney disease drug, rilparencel. The North Carolina-based biotech confirmed that the FDA accepts the estimated glomerular filtration rate (eGFR) slope…
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Critical Metals Kicks Off 2025 Drilling at Tanbreez Rare Earth Project
Critical Metals Corp (NASDAQ:CRML) has launched a 2,000-meter diamond drilling program at its Tanbreez project in Greenland, home to one of the world’s largest rare earth deposits by resource size. The company stated this phase is a key step toward advancing the mine toward commercial production, which is anticipated to start next year. The drilling…
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CoreWeave Shares Jump Following $6 Billion AI Data Center Investment Announcement
CoreWeave (NASDAQ:CRWV) saw its stock climb 6.3% in pre-market trading after revealing plans to invest up to $6 billion in a cutting-edge AI-focused data center located in Lancaster, Pennsylvania. The initial phase involves building a 100-megawatt facility designed specifically for advanced artificial intelligence workloads, with capacity to expand to 300 megawatts. This project marks one…
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Wells Fargo Tops Earnings and Revenue Estimates in Q2 Despite Slight Miss on Net Interest Income
Wells Fargo & Company (NYSE:WFC) reported second-quarter results that surpassed analyst expectations on both earnings and revenue, though its net interest income (NII) came in just below forecasts, causing shares to dip slightly in early trading Tuesday. The bank posted earnings of $1.60 per share, beating the consensus estimate of $1.40. Revenue totaled $20.82 billion,…
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Bank of New York Mellon Shares Climb on Strong Q2 Earnings Surprise
Shares of Bank of New York Mellon (NYSE:BK) rose 1.8% in premarket trading Tuesday following better-than-expected second-quarter results, driven by robust revenue growth across multiple divisions. The company reported adjusted earnings per share of $1.94, comfortably above analyst projections of $1.75. Revenue topped forecasts as well, reaching $5.03 billion versus an expected $4.78 billion. This…
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Semiconductor Stocks Climb as Nvidia Prepares to Resume China Sales
Shares in semiconductor companies surged Tuesday following Nvidia’s (NASDAQ:NVDA) announcement that it expects to soon restart sales of its AI-powered chips in China. Ahead of U.S. market open, Nvidia’s stock rallied over 5%, boosting related firms such as Advanced Micro Devices (NASDAQ:AMD), Micron (NASDAQ:MU), Broadcom (NASDAQ:AVGO), and Marvell (NASDAQ:MRVL). European semiconductor leaders—including ASML (EU:ASML), ASM…