Gaotu Techedu (GOTU) shares were nearly 7% higher in Friday premarket trading after Director and CEO Chen Xiangdong purchased 200,000 American depositary shares for about $447,000 on June 11, according to a regulatory filing with the US Securities and Exchange Commission.
Following the transaction, Xiangdong beneficially owns about 7.7 million ADSs of the company, the filing showed.
Cosmos Health (COSM) said late Thursday it has signed a non-binding letter of intent to acquire Doc Pharma, a fully licensed GMP pharmaceutical manufacturer.The proposed acquisition is part of its plan to build an end-to-end healthcare platform, the company said.Doc Pharma has an asset base of about $24 million and generated some $6.7 million in three-year average annual revenue, it added.Price: $0.21, Change: $-0.02, Percent Change: -10.00%
Major digital assets rose Thursday, with Bitcoin (BTC-USD) topping $63,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose almost 3.3% in the past 24 hours. The Nasdaq 100 climbed 3.1%, the S&P 500 gained 1.7%, and the Dow Jones Industrial Average increased 1.9%.Bitcoin rose 2.7% to $63,605, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 6.2% to $30.14 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 3.3% to $1,681.XRP (XRP-USD) rose 3.9%, BNB (BNB-USD) added 2.8%, and Solana (SOL-USD) gained 5.2%. Dogecoin (DOGE-USD) increased 3.9%, while Cardano (ADA-USD) surged 5.2%.The US 10-year Treasury yield stood at 4.461% at 3 p.m. ET Thursday, down from 4.540% Wednesday, while the five-year yield fell to 4.188% from 4.262%.The total market value of the cryptocurrency industry rose 2.7% in the past 24 hours to $2.18 trillion, with trading volume gaining 7.5% to $79.48 billion.Price: $63603.31, Change: $+2147.14, Percent Change: +3.49%
Agnico Eagle Mines (AEM) is on track to complete its takeover of Rupert Resources (RUP) next week after the Supreme Court of British Columbia granted final approval.Rupert said Thursday its shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars ($2.15) in cash tied to milestones over a 10-year period.The court order follows approval by Rupert securityholders at a special meeting on Tuesday.Price: $158.47, Change: $+5.99, Percent Change: +3.93%