Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
29,921 total articles
Eli Lilly has moved exclusive mainland China commercialization rights for its breast cancer drug Verzenios to Innovent Biologics. Under the agreement, Innovent will market the drug across the mainland while Lilly remains responsible for manufacturing, supply and ongoing development. The deal comes as a locally approved generic and patent timing sha…
Design Therapeutics saw its stock climb in premarket trading after announcing the start of patient dosing in a Phase 1 study of DT-818, a GeneTAC small molecule intended to reduce transcription of the mutant DMPK allele in adults with myotonic dystrophy type-1. The open-label, multiple-ascending dose trial will assess safety, tolerability, pharmaco…
Amentum (NYSE:AMTM) saw its shares rise about 5% Tuesday morning after ASCEND Aerospace & Technology, LLC - a joint venture formed by Amentum and Aerodyne Industries under the Small Business Administration’s Mentor-Protégé Program - was awarded NASA’s Consolidated Spaceflight Mission Operations and Systems (COSMOS) contract. The agreement calls for…
WW International said its WeightWatchers Med+ service will enroll and manage care for Medicare beneficiaries participating in the Medicare GLP-1 Bridge Program, which will make certain GLP-1 weight-loss medications available for $50 per month from July 1, 2026 through December 31, 2027. The announcement lifted WW shares in premarket trading.
A weekly poll of private restaurant executives covering $26 billion in annual sales showed same-store sales growth weakened in the week ending June 28, averaging close to 2% for that week versus about 4% during the first three weeks of June. Fast casual concepts drove the strongest gains, while quick-service and casual dining experienced softer res…
Monopar Therapeutics shares climbed in premarket trading after the FDA awarded Rare Pediatric Disease designation to ALXN1840 for Wilson disease. The regulatory designation could make the company eligible for a pediatric Priority Review Voucher upon New Drug Application approval. ALXN1840 has shown robust Phase 3 results for copper mobilization ver…
Pacira BioSciences will divest its iovera° unit to Zimmer Biomet for up to $140 million, receiving $70 million at closing and the potential for an additional $70 million in revenue-based milestone payments through December 31, 2031. The FDA-cleared iovera° cryoneurolysis system and associated development rights will transfer to Zimmer Biomet, which…
Fortune Brands Innovations rose 2.4% in pre-market trading after the company appointed Jesse Singh as chief executive, ending a drawn-out leadership search. The move, effective June 29, 2026, paired with a Truist Securities upgrade and supportive market conditions, helped propel buying interest and pushed the stock further from its recent 52-week l…
Sable Offshore Corp. shares tumbled 23% after the company unveiled plans to offer $100.0 million of common stock and $300.0 million of convertible senior notes due 2031, with additional underwriter over-allotment options. The debt and equity transactions are linked to a new secured term loan and will be completed only if all components close.
British culture minister Lisa Nandy has indicated she is minded to intervene in Paramount Skydance Corp’s proposed $110 billion acquisition of Warner Bros. Discovery. Her department has informed both the current and proposed owners of Warner Bros. Discovery of her position after engagement with the parties and independent research. The minister’s c…
Curbline Properties shares fell 2.8% in pre-market trading after the convenience-center REIT announced and priced an underwritten, forward-structured public offering of 10 million common shares at $30.85 each. The offering, which could generate roughly $308.5 million in gross proceeds before expenses when settled, is arranged through forward sale a…
Kotak Mahindra Bank has agreed to acquire Deutsche Bank’s retail banking, affluent private banking and wealth management businesses in India. The unit being sold comprises about INR 29,000 crore of loans, INR 16,000 crore of deposits and INR 10,500 crore in assets under management, serving roughly 150,000 customers. Around 1,000 Deutsche Bank emplo…
Bernstein increased its price objective for SanDisk to $3,000 from $1,700, attributing the move to a new generation of long-term supply agreements (LTAs) that the firm says materially lower the risk of severe earnings swings during industry downturns. Analyst Mark Newman highlights contract features such as fixed or range-bound pricing, upfront fin…
QXO, Inc. shares climbed 8% after TopBuild stockholder election results showed roughly 91.0% of outstanding TopBuild shares elected to receive cash consideration in the companies' planned merger. Under proration mechanics, each TopBuild share will convert into about $249.71 in cash plus 10.211 QXO common shares, subject to final exchange agent calc…
Semiconductor companies account for 19.7% of the S&P 500, a record level nearly four times their weighting in June 2020. Nvidia is the primary driver, but a widening roster of chip suppliers and memory stocks has amplified the sector's footprint. That concentration is being fuelled by passive flows and rebalancing mechanics, even as multiple valuat…
Joby Aviation shares jumped in pre-market trading after a regulatory filing disclosed a Toyota-led manufacturing joint venture to build Joby’s S4 Series eVTOL. The filing outlines a 51%-49% ownership split, signals a shift toward scalable production as Joby works through Stage 4 of FAA certification, and arrives while Joby holds about $2.5 billion …
VisionWave Holdings said it has signed a definitive agreement to acquire a 51% stake in Israeli defense firm Meteor Aerospace Ltd., a move that sent VisionWave shares up 100% on the day. The transaction pegs Meteor at a $40 million pre-money equity valuation and would be executed via issuance of VisionWave common stock worth roughly $20.4 million, …
Joby Aviation shares climbed 7% after the company and Toyota announced a manufacturing joint venture to produce Joby’s S4 Series electric vertical takeoff and landing aircraft. The new entity will be majority-owned by Toyota, governed by a five-member board, and granted exclusive manufacturing rights and certain intellectual property licenses as th…
Boozt AB shares climbed after the company issued preliminary second-quarter 2026 results and materially lifted its full-year outlook, citing around 13% quarter-on-quarter revenue growth and an adjusted EBIT margin near 6.5%. Management described demand as broad-based across categories and markets, while upbeat global market sentiment provided a sup…
Jack in the Box experienced another strong session as its shares climbed 10% on Tuesday, building on a 20% gain from the prior day. The move follows several days of sharp appreciation amid heavy short interest and coincides with the completion of a $500 million secured note offering by one of the company's limited-purpose subsidiaries.
Futures tied to Canada’s main stock exchange inched higher early Tuesday as markets prepared for the final trading day of the second quarter and the first half of the year. U.S. index futures were steadier, technology shares helped Wall Street rebound, and attention turned to upcoming U.S. payrolls data and ongoing geopolitical developments that ar…
Eos Energy Enterprises disclosed a registered direct offering to Hudson Bay Capital Management that will sell 13,683,634 common shares and 6,004,378 warrants at an aggregate price of $5.481 per share (with each share paired with 0.4388 of a warrant). Shares fell about 5% on the news. The transaction is expected to produce roughly $75 million in pro…
Volkswagen CEO Oliver Blume is preparing a far-reaching restructuring to address deep-seated pressures on the automaker’s business model. The company faces intensified competition from Chinese manufacturers, sharply lower profits in China, rising costs, trade barriers including tariffs in the United States and subdued demand in Europe. Those forces…
Two Wall Street analysts upgraded Comcast to Buy following the company’s plan to separate NBCUniversal into its own publicly traded company. Both firms moved to sum-of-the-parts valuations to capture potential value unlocked by the split, while also noting execution and competitive risks tied to the separation.
Piper Sandler analyst Bill Carcache opened coverage of the payments and consumer finance sector with a selectively constructive stance. He assigned Overweight ratings to Visa, Mastercard, American Express, Capital One, Affirm and upgraded Block to Overweight, while initiating PayPal at Neutral. The broker attributes recent group weakness more to mu…
