ADVFN US – Market Content Editor
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SpaceX Starship Reaches Orbit for First Time Despite Engine Failure
SpaceX (NASDAQ:SPCX) said its next-generation Starship rocket reached orbit for the first time on Monday despite an engine failure during the flight. The uncrewed vehicle lifted off at approximately 7:46 a.m. CT from SpaceX’s Starbase facility near Brownsville, Texas. Starship consists of a Super Heavy booster and the upper-stage Starship spacecraft. SpaceX shares moved slightly…
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American Express Card Acceptance Reaches More Than 190 Million Merchant Locations
American Express (NYSE:AXP) said on Monday that its cards are now accepted at more than 190 million merchant locations worldwide, with acceptance outside the US more than doubling over the past four years. The company has expanded its international merchant network, including in travel destinations such as Barcelona, Hong Kong, Paris and Sicily. American Express…
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Meta Shares Trim Premarket Losses After Hiring MongoDB CEO
Meta Platforms (NASDAQ:META) shares reduced their premarket losses on Monday after the company confirmed the hiring of MongoDB’s chief executive, Chirantan “CJ” Desai. Meta shares had fallen more than 3% earlier in the session before recovering to trade 0.7% lower. Desai stepped down as MongoDB’s chief executive with immediate effect to take a senior position…
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Draganfly Shares Rise After $10 Million Strategic Investment
Draganfly Inc (NASDAQ:DPRO) shares rose 3.7% in premarket trading on Monday after the drone technology company announced a $10 million strategic investment from Unusual Machines Inc (AMEX:UMAC) and a US investment fund. Unusual Machines and the investment fund will each contribute $5 million. Draganfly said the proceeds will be used to support the development of…
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Silvercorp Metals Shares Fall 5.4% as Silver Prices Decline
Silvercorp Metals (AMEX:SVM) shares fell 5.4% to $10.73 in pre-open trading as silver prices declined during Monday’s session. Spot silver fell nearly 5% as investors monitored higher crude oil prices, expectations for US interest rates, a stronger US dollar and rising Treasury yields. The source material did not identify a company-specific announcement, earnings report or…
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BioNTech to Close Manufacturing Sites in Germany and Singapore After Sale Process Ends
BioNTech (NASDAQ:BNTX) said on Monday that it will close manufacturing facilities in Germany and Singapore after a sales process for the sites did not result in completed transactions. The German vaccine maker had announced in May that it would seek buyers for facilities in Idar-Oberstein, Marburg and Tuebingen in Germany, as well as its Singapore…
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Cerebras to Supply AI Computing Systems to Gimlet Labs
Cerebras Systems (NASDAQ:CBRS) plans to supply AI chips and computing systems with capacity to consume approximately 100 megawatts of power to cloud computing startup Gimlet Labs, the companies said on Monday. Gimlet plans to use the Cerebras hardware to provide computing capacity for artificial intelligence inference, the process through which AI models generate responses to…
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Amprius Technologies Shares Rise 11% After Securing Up to $75 Million Defense Grant
Amprius Technologies (NYSE:AMPX) shares rose 11% on Monday after the company secured a grant of up to $75 million to retrofit an existing US production line for high-energy-density battery cells. The grant was awarded through the Industrial Base Analysis and Sustainment program and will support the conversion of a US-based electric vehicle battery production line…
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MediciNova Shares Fall After Phase 2 Tipelukast Trial Misses Primary Endpoints
MediciNova Inc (NASDAQ:MNOV) shares fell 14.7% in premarket trading on Monday after the company reported topline results from a Phase 2 clinical trial evaluating tipelukast, or MN-001, in patients with nonalcoholic fatty liver disease and hypertriglyceridemia associated with type 2 diabetes mellitus. The MN-001-NATG-202 trial did not achieve statistical significance for its primary endpoints at…
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Agnico Eagle Shares Fall 4.9% as Gold Prices Decline
Agnico Eagle (NYSE:AEM) shares fell 4.9% to $184.99 in pre-open trading as gold prices declined during Monday’s session. Spot gold fell below $4,200 per ounce intraday, representing a decline of more than $100 during the session. The move in gold came as comments from several Federal Reserve officials contributed to expectations for an additional 25-basis-point…