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Rocket Lab Introduces Electric Satellite Propulsion System

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Rocket Lab (RKLB) said Tuesday it introduced a new electric satellite thruster designed for high-volume manufacturing to supply commercial and national defense networks.

The internally developed thruster, named Gauss, includes a power processing unit and propellant management assembly with an established assembly line capable of producing over 200 units annually, the company said.

Shares of Rocket Lab rose more than 3% in Tuesday premarket activity.

Price: $73.00, Change: $+2.31, Percent Change: +3.27%

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Revolution Medicines Plans Common Stock, Senior Notes Offerings

Revolution Medicines (RVMD) said late Monday it plans to offer $750 million of common stock and $250 million aggregate principal amount of convertible senior notes due 2033 in separate public offerings, subject to market and other conditions.The company expects to grant the underwriters a 30-day option to buy up to an additional $112.5 million of common stock and up to an additional $37.5 million principal amount of notes to cover over-allotments.Revolution Medicines said it plans to use net proceeds from both offerings for general corporate purposes.

$RVMD
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Top Cryptocurrencies Rise; Bitcoin Tops $73,000

Major digital assets rose Monday, with Bitcoin (BTC-USD) topping $73,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.7% in the past 24 hours. The Nasdaq 100 gained 1.2%, the S&P 500 increased 1%, and the Dow Jones Industrial Average climbed 0.6%.Bitcoin rose 3.3% to $73,436, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 54% to $43.5 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, gained 2.8% to $2,262.XRP (XRP-USD) climbed 1.5%, BNB (BNB-USD) rose 2.5%, and Solana (SOL-USD) added 2.2%. Dogecoin (DOGE-USD) increased 2%, while Cardano (ADA-USD) advanced 1.1%.The US 10-year Treasury yield stood at 4.295% at 3 p.m. ET Monday, down from 4.315% Friday, while the five-year yield fell to 3.913% from 3.939%.The total market value of the cryptocurrency industry advanced 1.7% in the past 24 hours to $2.46 trillion, with trading volume gaining 2.8% to $150.1 billion.Price: $73404.59, Change: $+2663.29, Percent Change: +3.76%

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Wire

Sector Update: Energy

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index down 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.3%.The Philadelphia Oil Service Sector Index added 0.5%, and the Dow Jones US Utilities Index was falling 1.5%.Front-month West Texas Intermediate crude oil was rising 1.1% to $97.65 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $97.65 a barrel. Henry Hub natural gas futures shed 0.7% to $2.63 per 1 million BTU.In corporate news, TotalEnergies (TTE) shares added 0.2% after it said Monday that it has signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.

$TTE