bill oxford/iStock via Getty Images LL Flooring (NYSE:LL) surged 17% after holder F9 Investments said that its three nominees were added to the board. All three F9 nominees, Tom Sullivan, Jason Delves, and Jill Witter, were elected to the board at the annual meeting based on preliminary voting results, accordingContinue Reading
spawns Amylyx Pharmaceuticals (NASDAQ:AMLX) traded sharply higher on Wednesday after the drug developer announced the acquisition of avexitide, a GLP-1 receptor antagonist developed by Eiger BioPharmaceuticals (OTC:EIGRQ). The transaction was completed on July 9 after Amylyx (AMLX) emerged as the winning bidder in an auction held to sell Avexitide underContinue Reading
Black_Kira/iStock via Getty Images Fluence Energy (NASDAQ:FLNC) +2.1% in Wednesday’s trading as Truist Securities initiated coverage with a Buy recommendation and $25 price target, saying the energy storage company is “well positioned to drive outsized growth via its improving economies of scale/supply chain position and differentiated tech.” Further, Truist analystContinue Reading
Jumia Technologies (NYSE:JMIA) shares rose 20% on Tuesday, after Benchmark started coverage with a Buy rating and said the company is well positioned to capture the unmet pend-up demand in the African market. Benchmark said as a leading African ecommerce platform, the company is poised to benefit from a demographicContinue Reading
Iryna Drozd Adicet Bio (NASDAQ:ACET) stock jumped 10% Monday morning after the company said it had received FDA fast track designation for its CAR-T cell therapy candidate ADI-270 for the treatment of metastatic/advanced clear cell renal cell carcinoma, a type of kidney cancer. The designation was granted for the treatmentContinue Reading
Ideaya Biosciences (NASDAQ:IDYA) shares jumped as much as 23% premarket on Monday after the oncology company reported positive interim data from an expansion dose cohort of a mid-stage trial of IDE397. IDE397 is a potential first-in-class MAT2A (methionine adenosyltransferase 2 alpha) inhibitor, that is being advanced as a monotherapy agentContinue Reading
Siriporn Lin/iStock via Getty Images Update 2:45pm: Adds Solventum response. MediWound (NASDAQ:MDWD) soared 34% amid a report that Solventum (SOLV) made a $34 a share offer for the company. The management of MediWound (MDWD) is said to be evaluating the offer, according to a report from Israel’s The Marker earlierContinue Reading
AlbertPego/iStock via Getty Images Golar LNG (NASDAQ:GLNG) +10.3% pre-market Friday after saying it entered into definitive agreements with Pan American Energy (OTCQB:PAANF) for a 20-year deployment of a floating liquefied natural gas vessel in Argentina, tapping into the Vaca Muerta shale formation in the Neuquina Basin, the world’s second-largest shaleContinue Reading
Sean Anthony Eddy Insurance products distributor in China — Fanhua (NASDAQ:FANH) board of directors authorized the expansion share repurchase program by an additional $20M, bringing total authorized repurchase to $40M. As of June 30, 2024, ~726,616 ADS had been repurchased at an aggregate purchase price of ~$5.4M since the inceptionContinue Reading
monsitj/iStock via Getty Images Gold futures rallied Wednesday to the highest in nearly a month, as the dollar slumped on renewed hopes for a September interest rate cut by the Federal Reserve following U.S. data suggesting a softening labor market. The U.S. reported first-time applications for unemployment benefits increased lastContinue Reading
