ADVFN US – Market Content Editor

Belite Bio, Inc. (NASDAQ:BLTE) reported first-quarter results on Wednesday that came in ahead of analyst forecasts, with the clinical-stage biotech group posting an adjusted loss per share of -$0.34 versus consensus expectations of -$0.64. Shares of the company gained 2.49% in premarket trading following the earnings announcement. Losses widen as research and commercialization spending increases…

Ferrari N.V. (NYSE:RACE) shares climbed more than 9% on Tuesday after the company reported first-quarter revenue of €90 million, supported by organic growth of 7.4% compared with the same period last year. The group said performance was driven by strong contributions from subsidiaries in Brazil, the United States and the United Arab Emirates, while Asian…

Shares in Micron Technology, Inc. (NASDAQ:MU) climbed 3.9% in premarket trading on Thursday, while SanDisk Corporation (NASDAQ:SNDK) advanced 2.2%, as investors evaluated the potential impact of an upcoming strike involving workers at Samsung Electronics Co., Ltd. (KS:005930). Samsung’s South Korean labour union plans for around 48,000 employees to walk off the job on Thursday after…

Alibaba Group Holding Limited (NYSE:BABA) on Wednesday introduced a new artificial intelligence chip, the Zhenwu M890, as the company accelerates efforts to develop Chinese-made alternatives to processors supplied by NVIDIA Corporation amid tighter U.S. export restrictions. The processor was developed by Alibaba’s chip-design unit T-Head and delivers performance roughly three times greater than the previous-generation…

Stellantis N.V. (NYSE:STLA) said on Monday it has entered into a non-binding memorandum of understanding with Dongfeng Motor Corporation to establish a Europe-based joint venture focused on new-energy vehicles. The proposed business would oversee activities including sales, distribution, manufacturing, procurement and engineering operations linked to electric and new-energy vehicles across Europe. Voyah brand expansion in…

Oil prices moved lower on Wednesday as investors monitored developments in negotiations between the United States and Iran after Washington indicated that diplomatic discussions were advancing. Brent crude futures for July delivery, the global oil benchmark, dropped 2.5% to $109.25 a barrel by 04:44 ET (08:44 GMT), while U.S. West Texas Intermediate crude futures fell…

Gold prices traded little changed on Wednesday as investors assessed the impact of surging government bond yields and a firmer U.S. dollar against growing expectations that diplomatic negotiations could eventually ease tensions in the Iran conflict. By 05:15 ET (09:15 GMT), spot gold was broadly flat at $4,480.57 per ounce, while gold futures declined 1.6%…