ADVFN US – Market Content Editor
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Nuvectis Expands Pipeline with Haisco Licensing Agreement for Two Clinical-Stage Drug Candidates (NVCT)
Nuvectis Pharma Inc (NASDAQ:NVCT) shares gained 5.7% in premarket trading on Monday after the company announced a licensing agreement with Haisco Pharmaceutical Group that grants it exclusive rights outside China to two late-stage clinical assets. The transaction significantly broadens Nuvectis’ development portfolio, adding programmes in complement-mediated diseases and strengthening its oncology pipeline. Deal Adds NXP100…
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BitFuFu Shares Climb After Launching $5 Million Share Repurchase Plan
BitFuFu Inc (NASDAQ:FUFU) shares rose 8.2% in premarket trading on Monday after the Bitcoin mining company unveiled a new share buyback programme aimed at returning capital to shareholders. The initiative signals management’s confidence in the company’s long-term outlook while providing additional flexibility to deploy capital during periods of market volatility. Board Approves Two-Year Repurchase Programme…
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Palvella Shares Advance After FDA Grants Rolling Review for Rare Disease Therapy
Palvella Therapeutics Inc (NASDAQ:PVLA) shares gained 5% in premarket trading on Monday after the company announced that the U.S. Food and Drug Administration had granted rolling review status to its New Drug Application (NDA) for QTORIN rapamycin, a treatment for microcystic lymphatic malformations. The regulatory development marks another step forward in the company’s efforts to…
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Praxis Precision Medicines Gains After FDA Grants Breakthrough Therapy Designation
Praxis Precision Medicines, Inc. (NASDAQ:PRAX) shares climbed 4% on Monday after the company announced that the U.S. Food and Drug Administration had granted Breakthrough Therapy Designation to elsunersen for the treatment of seizures linked to SCN2A Developmental and Epileptic Encephalopathy (SCN2A-DEE). The regulatory milestone follows encouraging clinical data and is expected to support the continued…
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Cleveland-Cliffs Shares Slip After Morgan Stanley Cuts Rating on Valuation Concerns
Cleveland-Cliffs Inc (NYSE:CLF) shares fell 2.4% in premarket trading on Monday after Morgan Stanley downgraded the steelmaker to Equalweight from Overweight, while modestly increasing its price target to $12.50. The brokerage’s more cautious stance comes despite a stronger outlook for steel prices, with analysts arguing that much of the recent improvement is already reflected in…
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Fervo Energy Shares Jump on Geothermal Digital Twin Initiative (FRVO)
Fervo Energy Co Ltd (NASDAQ:FRVO) shares climbed 11.1% in premarket trading on Monday after the company unveiled a new collaboration with Nvidia and Pacific Northwest National Laboratory (PNNL) aimed at developing a digital twin platform for Enhanced Geothermal Systems (EGS). The project is designed to combine advanced modelling, artificial intelligence and real-time operational data to…
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Ferrari Rejects Claims Luce EV Purchase Is Required for Access to Limited-Edition Models
Ferrari (NYSE:RACE) has dismissed suggestions that customers must purchase its new Luce electric vehicle in order to gain access to future limited-production Ferrari models, according to Chief Marketing and Commercial Officer Enrico Galliera. Speaking during a product presentation last week, Galliera responded to a Bloomberg report that suggested ownership of the €550,000 ($630,000) Luce could…
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SpaceX Shares Slide in Premarket Trading as Valuation Concerns Intensify
SpaceX (NASDAQ:SPCX) shares were down 4.6% in premarket trading after KeyBanc adopted a more cautious view on the stock, arguing that the company’s valuation has become increasingly demanding following its strong performance since listing. The decline reflects growing debate among investors over whether SpaceX’s long-term growth opportunities are sufficient to support its current market capitalisation…
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SK Hynix Surpasses Samsung as South Korea’s Largest Listed Company
SK Hynix (USOTC:HXSCL) reached a significant milestone on Monday as its market value overtook that of Samsung Electronics (USOTC:SSNHZ), making the memory chip manufacturer the most valuable publicly traded company in South Korea. Shares of SK Hynix climbed 3.7% to 2.8 million won, lifting its market capitalisation to 2,082 trillion won, equivalent to roughly $1.3…
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Jefferies Lowers Tesla Target and Highlights Potential SpaceX Tracking Stock Risk
Jefferies has reduced its price target on Tesla (NASDAQ:TSLA) to $375 and identified what it sees as an emerging structural risk for shareholders: the possibility that expectations surrounding a future combination with SpaceX (NASDAQ:SPCX) could cause Tesla shares to increasingly trade as a proxy for SpaceX. The brokerage argues that growing investor belief in a…