The estimated value of open interest across global commodity markets surged to a six-week-high, up by 2.6% week-on-week to ~$1.45 trillion as of July 5, primarily led by price-based gains across metals and grain and the oil seed markets, JPM Commodities Research said. Inflows, calculated across all trader types, returnedContinue Reading
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlierContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Envestnet (NYSE:ENV) rose 2% on a report that buyout firm Bain Capital is in advanced talks to purchase the wealth-management software firm. The price for a deal is around Envestnet’s (ENV) current stock price of around $63 and could be announced as soon as thisContinue Reading
Comstock Images/Stockbyte via Getty Images Ally Financial (NYSE:ALLY) stock perked up 2.3% in Monday morning trading after J.P. Morgan upgraded the auto lender to Neutral from Underweight as analyst Richard Shane thinks its credit, net interest margin and multiple trajectory “have been overly conservative.” “As the impact of less profitableContinue Reading
libre de droit/iStock via Getty Images Inventiva (NASDAQ:IVA) stock rose 10% in after-hours trading Friday after the French biotech company said it was working towards securing a royalty-based financing deal that would extend its cash runway through the summer. The company said in a statement that it had cash andContinue Reading
Sascha Schuermann/Getty Images News Baxter International (NYSE:BAX) rose 4% after a report that private equity firm Carlyle Group (CG) is in talks to acquire the kidney care spinoff for more than $4 billion, including debt. The parties entered into talks about the Vantive unit late last month, according to aContinue Reading
spawns Hutchmed (NASDAQ:HCM) ADRs traded higher on Friday after regulators in China agreed to review the company’s lymphoma therapy tazemetostat, developed and sold in partnership with Ipsen (OTCPK:IPSEY). China’s National Medical Products Administration (NMPA) granted priority review for the new drug application (NDA) targeting adults with relapsed or refractory (“R/R”)Continue Reading
Hirurg/iStock via Getty Images Penn Entertainment (NASDAQ:PENN) rose 3.4% amid a report that Flutter (FLUT) is interested in the interactive assets of Penn. Flutter pared some of an earlier gain amid the news. Flutter (FLUT) may want to partner with Boyd Gaming (BYD) as the owner of FanDuel is interestedContinue Reading
Victor Golmer/iStock Editorial via Getty Images Grifols (NASDAQ:GRFS) shares traded higher on Friday after the Spanish plasma therapeutics company named Bank of America (BAC) executive Rahul Srinivasan, its new Chief Financial Officer (CFO). Srinivasan will assume duties effective September 16, 2024, replacing outgoing CFO Alfredo Arroyo, who recently announced hisContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Smith & Nephew (NYSE:SNN) ADRs traded higher premarket Friday after the U.K.-based medical device maker disclosed an ownership stake from Swedish activist investor Cevian Capital. In a regulatory filing on Thursday, Smith & Nephew (SNN) said Cevian held a 5% stake in the London-listed firmContinue Reading
