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18,098 total articles
Madison Square Garden Sports Corp. (NYSE: MSGS) saw a roughly 10% rise in premarket trading after announcing plans to explore a tax-free spin-off that would separate its New York Knicks and New York Rangers operations into two independent public companies. The proposed transaction would distribute 100% of the common stock of the new company pro-rat…
Humain, Saudi Arabia’s national artificial intelligence company, invested $3 billion in Elon Musk’s xAI as part of an upsized Series E round. The stake was classified as a "significant" minority holding and was converted into SpaceX shares following SpaceX’s acquisition of xAI. The move aligns with Saudi ambitions to expand AI capabilities and a pr…
Morgan Stanley's field trip in Riyadh underscores that competition among dark-store grocery delivery operators in the MENA region is escalating. The bank identified Careem and Talabat as standout public-market stories, noting a larger total addressable market for grocery than for food delivery, but with thinner margins per order. Both companies are…
Getty Realty Corp. announced a public offering of 4 million common shares that is expected to raise roughly $131 million in gross proceeds. The shares are being sold on a forward basis under agreements with J.P. Morgan Securities LLC and Wells Fargo Securities. Getty said it will use net proceeds for property acquisitions, to repay borrowings under…
Sensei Biotherapeutics' stock jumped 200% following the announcement that it has acquired Faeth Therapeutics and completed a roughly $200 million private placement of Series B non-voting convertible preferred stock. The deal transfers Faeth’s lead investigational therapy PIKTOR to Sensei and funds will be directed primarily to advancing PIKTOR thro…
VNET Group Inc. saw its stock fall sharply in after-hours trading after the company disclosed that investment vehicles managed by Blackstone Tactical Opportunities had notified it of a Transfer Event and a Minimum Shareholding Event under the indenture for its amended 2% Convertible Notes due 2027. The notices, also sent to the trustee Citibank, N.…
Bank of America is rolling out an art consulting service for high-net-worth clients amid changing collector demographics and an increase in the use of artworks as collateral for loans. Deloitte estimates ultra-high-net-worth art holdings at $2.56 trillion in 2024, potentially rising to $3.5 trillion by 2030, and reports stronger demand for art-back…
W. P. Carey Inc. priced a public offering of 6 million common shares at $72 per share, expected to raise $432 million in gross proceeds. The announcement coincided with a 3.4% decline in the company's stock in premarket trading Wednesday. The deal includes a 30-day option for underwriters to buy up to 900,000 more shares and is structured on a forw…
Moleculin Biotech Inc.'s stock climbed 3.1% in premarket trading after the company released preliminary blinded results from its pivotal Phase 2B/3 MIRACLE trial evaluating Annamycin plus cytarabine in patients with acute myeloid leukemia (AML). Blinded data from the initial 30 subjects produced a composite complete remission rate of 40%, a figure …
Kraft Heinz has named Nicolas Amaya as president of its North America business, replacing Pedro Navio effective February 23. The move comes a week after the packaged food maker paused plans to split the company and announced fresh investments to shore up its U.S. operations, which have been facing persistent demand weakness. New CEO Steve Cahillane…
Tempus AI, Inc. (NASDAQ:TEM) saw its stock rise 3.5% Wednesday following the announcement of HRD-RNA, a 1,660-gene logistic regression algorithm that evaluates Homologous Recombination Deficiency via tumor gene expression rather than DNA scarring. The algorithm is available for research use now, with clinical availability expected later this year. …
Citigroup has finalized the disposal of its former Russian unit, AO Citibank, transferring ownership to Renaissance Capital. The acquired bank will be renamed RenCap Bank and will function within the Renaissance Capital group while remaining a separate business unit and continuing to serve its traditional institutional clients. Both parties confirm…
Humain, a Saudi Arabia-backed artificial intelligence firm, has invested $3 billion in Elon Musk’s xAI, obtaining a significant minority stake just prior to xAI’s acquisition by SpaceX. Under the transaction terms, Humain’s interest in xAI will convert into SpaceX shares. The deal deepens collaboration between Humain and Musk’s companies and includ…
Citizens downgraded Workday from Market Outperform to Market Perform after founder Aneel Bhusri announced his return as chief executive and the company preannounced fourth-quarter results that were in line with guidance. The brokerage praised Bhusri’s background but warned the transition could require time and investment, and highlighted intensifyi…
Unnatural Products has entered a licensing agreement with Novartis to advance macrocyclic peptide therapies targeting a cardiovascular program. The California-based company will receive an upfront payment and is eligible for substantial milestone payments and tiered royalties, while Novartis will manage clinical development, manufacturing and globa…
Mister Car Wash Inc agreed to be acquired by majority owner Leonard Green & Partners in an all-cash transaction valuing the company at $3.1 billion. LGP, which already holds roughly 67% of outstanding shares, will buy the remaining shares for $7.00 per share, a 29% premium to the 90-day volume-weighted average through Feb. 17, 2026. The deal, appro…
Cisco Systems and startup Qunnect reported the successful operation of a quantum communications link between Brooklyn and Manhattan that transmits quantum signals over existing fiber optic infrastructure. The demonstration relied on Qunnect's hardware and Cisco's software to address practical obstacles in urban and data center cabling, including vi…
Arista Networks stock fell 2.9% in premarket trading following Meta Platforms' announcement of a long-term partnership with Nvidia to support AI-optimized data centers. The agreement includes extensive deployment of Nvidia's Spectrum-X Ethernet networking platform, prompting renewed market focus on potential competitive implications for Arista desp…
Hycroft Mining Holding Corporation reported a substantial expansion in its mineral resource inventory, filing an independent Technical Report with an effective date of January 21, 2026. The update raises the company’s measured and indicated gold and silver totals by 55%, and the stock rose 4.2% in premarket trading following the announcement.
Parazero Technologies Ltd (NASDAQ:PRZO) saw its stock rise about 2% in premarket trading after announcing a successful trial of its DefendAir system, which used net-launching technology to intercept a drone moving at 70 mph. The company described the event as a first for net-based interception performance at that speed and said the test simulated a…
Analysts at Wolfe Research say U.S. equity volatility is likely to persist in the near term as investors react to fears about artificial intelligence-driven disruption across multiple industries, alongside technical selling pressure and shifting fund flows. While some areas such as consumer staples have rallied early in the year amid an improving U…
Pinterest raised its first-quarter revenue guidance to $958 million-$978 million from a previous $951 million-$971 million range, attributing the revision to the partial-quarter contribution of its recently acquired connected-TV advertising platform, tvScientific. The deal, announced in December 2025, is Pinterest's first major acquisition since 20…
Garmin projected annual revenue and adjusted earnings above Street expectations after reporting a quarterly revenue beat and a sharp increase in fitness sales, citing robust demand for recently launched high-end smartwatches and a diversified sales and manufacturing model that helped preserve margins amid uneven consumer demand.
Rackspace Technology's stock more than doubled after the company announced a strategic alliance with Palantir Technologies to help customers deploy and operate Palantir’s Foundry and Artificial Intelligence Platform (AIP). Rackspace will supply implementation expertise, cloud hosting, and data migration support aimed at moving AI projects into prod…
Shares of cloud data analytics provider Snowflake (SNOW) have tumbled more than 30% since its fiscal third-quarter report. Citi analyst Tyler Radke maintained a Buy rating while trimming his price target to $270 from $300, contending that the market reaction was excessive given evidence of durable AI-driven consumption and constructive channel chec…
