ADVFN US – Market Content Editor
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MoonLake shares jump after FDA Fast Track nod for PPP therapy
Shares of MoonLake Immunotherapeutics (NASDAQ:MLTX) climbed about 6.5% in premarket trading on Monday after the company said the U.S. Food and Drug Administration has granted Fast Track designation to sonelokimab (SLK) for the treatment of moderate-to-severe palmoplantar pustulosis (PPP). The Fast Track decision follows encouraging data from the Phase 2 LEDA study and comes alongside…
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iPower divests subsidiary for $2.3 million in bid to streamline costs
iPower Inc. (NASDAQ:IPW) said it has sold its subsidiary Global Product Marketing Inc. for roughly $2.3 million, a move aimed at lowering operating expenses as part of a broader restructuring effort. The company said the sale removes a significant cost burden tied to its online sales operations, while allowing iPower to keep control of its…
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Snowflake shares edge higher on $200 million OpenAI collaboration
Shares of Snowflake (NYSE:SNOW) rose about 2% on Monday after the AI Data Cloud group announced a $200 million, multi-year partnership with OpenAI aimed at bringing advanced AI model capabilities directly to enterprise customers. The agreement centers on co-innovation and joint go-to-market initiatives designed to accelerate the rollout of AI agents across global organizations. As…
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60 Degrees Pharmaceuticals shares slide after unveiling GoodRx collaboration
Shares of 60 Degrees Pharmaceuticals Inc (NASDAQ:SXTP) fell about 16.9% in premarket trading on Monday after the company announced a new partnership with GoodRx (NASDAQ:GDRX) aimed at expanding access to its malaria prevention treatment, ARAKODA. The deal will allow eligible consumers to receive discounts of up to 30% on ARAKODA (tafenoquine), which is currently the…
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VSE Corp shares ease as company launches $1 billion capital raise tied to acquisition
Shares of VSE Corp (NASDAQ:VSEC) slipped about 1.2% in light premarket trading on Monday to around $215.99 after the company unveiled plans to raise $1 billion in new capital to support a major acquisition. The Florida-based aviation services group said it is launching public offerings totaling $1 billion, made up of $650 million in common…
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Fusemachines shares skyrocket after announcing AI partnership with IBM-focused firm
Shares of Fusemachines Inc. (NASDAQ:FUSE) jumped more than 65% in premarket trading on Monday after the company revealed a strategic collaboration with ModulAIre, an IBM Platinum Partner, aimed at delivering enterprise-grade AI solutions within IBM-based technology environments. Under the agreement, Fusemachines’ AI Studio platform will be incorporated into ModulAIre’s broader AI and data offering. The…
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Hain Celestial shares surge after agreeing $115 million divestment of snacks unit
Shares of Hain Celestial (NASDAQ:HAIN) jumped roughly 12% to about $1.36 in premarket trading on Monday after the company said it will sell its North American snacks business. The organic and natural foods group has agreed to sell the unit to Snackruptors, a family-owned Canadian snacks producer, for $115 million in cash. Hain Celestial expects…
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Polestar shares advance on $400 million equity financing
Shares of Polestar Automotive Holding UK Plc (NASDAQ:PSNY) rose about 4.1% in premarket trading on Monday after the company disclosed a $400 million equity investment from two large financial institutions. The Swedish EV maker said the capital will be provided by Feathertop Funding Limited, a special purpose vehicle consolidated to Sumitomo Mitsui Banking Corporation and…
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Swvl shares jump after landing $5.5 million multi-year UAE contract
Shares of Swvl Holdings Corp (NASDAQ:SWVL) surged about 37% in premarket trading on Monday after the company announced it had secured a new five-year contract in the United Arab Emirates valued at up to $5.5 million. The agreement further reinforces Swvl’s footprint in one of its fastest-expanding markets. The company said it recorded roughly fivefold…
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Hess Midstream delivers in-line Q4 earnings but misses on revenue; shares dip
Hess Midstream LP (NYSE:HESM) reported fourth-quarter 2025 results that matched earnings expectations but came up short on revenue, prompting a modest pullback in the stock. The midstream operator posted earnings per share of $0.72, in line with analyst consensus, while revenue totaled $404.2 million, below forecasts of $417.05 million. Shares slipped about 0.9% following the…