ADVFN US – Market Content Editor
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C3.ai Shares Rise on Partnership with Eletrobras for Operations Monitoring
C3.ai (NYSE:AI) edged up 1.2% following news of a collaboration with Eletrobras, Brazil’s major electric utility, to deploy real-time fault monitoring and resolution technology across its operations centers. Eletrobras is integrating C3 AI’s solutions to boost operational efficiency and strengthen monitoring capabilities across its facilities. A company filing also revealed that C3 Generative AI tools…
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Nextracker Shares Climb After Guggenheim Upgrade Linked to IRS Rule Update
Nextracker (NASDAQ:NXT) gained 5% in Monday morning trading following an upgrade by Guggenheim, which raised the solar tracker maker from Neutral to Buy with a $74 price target, implying roughly 22% upside from Friday’s close at $60.58. The move comes after the IRS issued updated safe-harbor rules, which Guggenheim analyst Joseph Osha said would benefit…
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Vanda Pharmaceuticals Shares Climb After Court Reverses FDA Decision
Vanda Pharmaceuticals (NASDAQ:VNDA) saw its shares rise more than 5% in premarket trading Monday following a favorable court ruling related to its sleep disorder treatment. The company reported that a federal appeals court overturned the FDA’s rejection of its drug Hetlioz for treating jet lag disorder. Previously, Vanda had petitioned the U.S. Court of Appeals…
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Cogent Communications Shares Jump Following Wells Fargo Double Upgrade
Shares of Cogent Communications (NASDAQ:CCOI) climbed 6.5% on Monday after Wells Fargo analyst Eric Luebchow issued a double upgrade, moving the stock from Underweight to Overweight with a $45 price target. The move bypassed the Neutral rating entirely, shifting straight from a bearish to a bullish outlook, signaling roughly 31% upside from Friday’s close at…
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Dow Jones, S&P, Nasdaq, Wall Street SFutures et for Slight Pullback After Back-to-Back Gains
Futures for major U.S. indexes suggest a slightly lower open on Monday, following two strong weeks that pushed the Nasdaq and S&P 500 to record levels. Traders may use the session to take profits after the recent rally. Market focus is on a high-profile White House meeting involving President Donald Trump, Ukrainian President Volodymyr Zelenskyy,…
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Empery Digital Slides in Pre-Market Despite Securing Credit Line to Boost BTC Holdings
Empery Digital Inc. (NASDAQ:EMPD) shares dropped over 12% in pre-market trading Monday, reaching US$7.90, following the company’s announcement of a US$25 million credit line aimed at funding share repurchases. Over the past year, the stock has plunged more than 90%. Based in Round Rock, Texas, Empery emphasized that the company may draw on the credit…
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Novo Nordisk Climbs Following FDA Approval of Wegovy for Liver Disease
Shares of Novo Nordisk (NYSE:NVO) rose 2.4% in pre-market trading Monday in New York after the FDA approved Wegovy for treating metabolic dysfunction-associated steatohepatitis (MASH). Previously recognized for its weight-loss benefits, Wegovy now expands its use to address liver disease. The FDA granted accelerated approval, marking Wegovy as the first GLP-1-based therapy indicated for adults…
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Investors Move to Take Soho House Private in $2.7 Billion Deal
A consortium of investors led by MCR Hotels and CEO Tyler Morse has agreed to take Soho House & Co. (NYSE:SHCO) private. MCR owns notable New York properties, including the High Line, Gramercy Park, and other landmark hotels. The deal values the members’ club and hotel operator at around $2.7 billion, including debt. Shareholders are…
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Pentair to Acquire Hydra-Stop in $290 Million Cash Deal
Pentair plc (NYSE:PNR) has signed a definitive agreement to purchase Hydra-Stop LLC, a specialist in valve solutions, from Madison Industries. The deal is valued at roughly $290 million in cash, subject to standard closing adjustments, and could finalize by the end of 2025 pending regulatory approval. After factoring in estimated tax benefits of around $50…
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Goldman Sachs Strengthens India Footprint with New Mumbai Office
Goldman Sachs (NYSE:GS) has bolstered its operations in India, the world’s fourth-largest economy, by launching a new office in Worli, Mumbai’s premier financial hub. The new facility spans over 6,500 square meters, a 50% increase compared with the bank’s previous Mumbai location. It features modern meeting rooms equipped with Zoom technology, flexible workstations, collaborative spaces,…