ADVFN US – Market Content Editor
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Aehr Test Systems Stock Sinks 20% as Revenue Drops and Company Posts Quarterly Loss
Shares of Aehr Test Systems (NASDAQ:AEHR) tumbled 20% after the company reported a year-over-year decline in revenue for its fiscal fourth quarter, along with a swing to a net loss. The semiconductor testing equipment maker generated $14.1 million in revenue for the quarter, down from $16.6 million in the same period a year earlier. The…
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Merck to Acquire Verona Pharma in $10 Billion Deal to Expand Respiratory Drug Portfolio
Merck (NYSE:MRK) announced Wednesday it has struck a definitive agreement to acquire Verona Pharma PLC ADR (NASDAQ:VRNA) in a transaction valued at approximately $10 billion, or $107 per American Depositary Share. The move strengthens Merck’s position in the respiratory and cardio-pulmonary space by adding Ohtuvayre (ensifentrine) to its pipeline — a newly approved, first-in-class dual…
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Enphase Energy Shares Slide as Goldman Sachs Issues Sell Rating Amid Margin Concerns
Enphase Energy (NASDAQ:ENPH) saw its stock fall 4% on Wednesday after Goldman Sachs analyst Brian Lee issued a Sell rating, downgrading the solar technology firm from Buy and slashing his price target to $32, down from $77. The revised target implies a roughly 25% downside from Tuesday’s closing price of $40.94. The stark shift in…
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Illumina Shares Slip After Citi Issues Bearish Rating Ahead of Earnings
Shares of Illumina Inc. (NASDAQ:ILMN) dropped 3.8% on Wednesday after Citi downgraded the stock from Neutral to Sell, warning that the company’s outlook for the latter half of the year may be overly optimistic. Citi analyst Patrick Donnelly cut his price target from $85 to $80, suggesting a potential downside of nearly 20% from Tuesday’s…
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Dollar Hovers Near Two-Week Peak Ahead of Fed Minutes; Euro Drops on Trade Tensions
The U.S. dollar remained firm early Wednesday, trading close to its highest level in over two weeks, as markets reacted to escalating trade rhetoric from President Donald Trump, including the threat of a 50% tariff on copper imports. As of 04:45 ET (08:45 GMT), the U.S. Dollar Index—which measures the greenback against six major currencies—rose…
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Dow Jones, S&P, Nasdaq, Futures Steady as Markets Digest Tariff Moves; Trump Targets Copper, Fed Minutes Awaited
U.S. equity futures showed little change early Wednesday as investors weighed fresh tariff developments and awaited key insights from the Federal Reserve’s June policy meeting minutes. President Donald Trump remained firm on his tariff deadline while hinting at broadening his trade measures with a possible 50% tariff on copper imports. Meanwhile, Kevin Hassett, a senior…
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Apple Poised to Compete for U.S. Formula 1 Broadcast Rights After Success of Brad Pitt Movie — Financial Times
Apple Inc. (NASDAQ:AAPL) is reportedly considering a bid to secure the U.S. broadcasting rights for Formula 1, aiming to rival Disney-ESPN when the current contract comes up for renewal next year, according to the Financial Times. Sources close to the discussions revealed that Apple’s interest has been fueled by the strong reception of its recent…
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Gold Dips on Dollar Rally; Copper Climbs to Record Highs Amid Tariff Threats
Gold prices fell modestly in Asian markets on Wednesday as investors showed little appetite for the metal as a safe haven. Instead, uncertainty around U.S. trade tariffs and Federal Reserve interest rate policy boosted demand for the U.S. dollar, pressuring gold and other metals. In contrast, U.S. copper prices surged to unprecedented levels after President…
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Oil Prices Slip After Large U.S. Inventory Build and New Tariff Worries
Oil prices eased from a two-week high during Wednesday’s Asian trading session following data showing a significant rise in U.S. crude oil inventories. Meanwhile, investors remained on edge ahead of further tariff announcements expected from President Donald Trump. At 21:44 ET (01:44 GMT), September Brent crude futures dipped 0.3% to $69.91 per barrel, while West…
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Markets Today: S&P 500 Slips as Tariff Concerns Weigh on Sentiment
U.S. stocks closed mostly lower Tuesday as investors digested the economic implications of President Donald Trump’s latest round of tariff threats. The S&P 500 dipped 0.1%, while the Dow Jones Industrial Average fell 165 points, or 0.4%. The Nasdaq eked out a modest gain of 0.03%. Tariff Tensions Escalate President Trump reaffirmed his administration’s commitment…