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MiniMed (MMED) reported a breakeven in fiscal Q1, compared with a loss a year earlier, as net sales jumped more than forecast.

Shares advanced 10%, with intraday trading volume rising to more than 3.2 million from a daily average of about 1.2 million.

Sono Group (SSM) and Sports One signed a nonbinding letter of intent to combine, aiming to create a publicly traded company that would acquire minority stakes in NFL, NBA, MLB and NHL franchises alongside a sports intelligence business.

Shares advanced 46%, with intraday trading volume soaring to more than 22.6 million from a daily average of about 119,000.

GoPro (GPRO) and optical-photonics company Starman Optical said Tuesday they have signed a definitive merger agreement. Under the terms of the deal, GoPro shareholders will receive $1.14 per share, for a total of $285 million in cash, and will retain an estimated 10% stake in the combined company.

Shares soared 41% as intraday trading volume catapulted to over 436 million from a daily average of about 9 million.

Price: $22.30, Change: $+2.04, Percent Change: +10.07%

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Wire

Sono Group, Sports One Plan to Combine; Shares Jump After Hours

Sono Group (SSM) and Sports One signed a nonbinding letter of intent to combine, aiming to create a publicly traded company that would acquire minority stakes in NFL, NBA, MLB and NHL franchises alongside a sports intelligence business.The proposed company would be renamed Sports One and led by Sports One's management team, the companies said Monday in a statement.Concurrently with the signing of the letter of intent, a group of investors, including Sports One affiliates, purchased 283,500 Sono shares in a registered direct offering, representing 19.9% of the outstanding shares, according to the statement.Sono shares jumped 62% in after-hours trading.

$SSM
Wire

Cango Q2 Loss Narrows, Revenue Falls; Shares Drop After Hours

Cango (CANG) reported a Q2 loss from continuing operations late Monday of $1.99 per diluted share, narrowing from the loss of $15.67 a year earlier.One analyst polled by FactSet expected a loss of $0.91.Revenue in the three months ended June 30 fell to $50.8 million from $139.8 million a year earlier.Two analysts projected $60.7 million.Cango shares fell 9.6% in after-hours trading.

$CANG
Wire

Meta Introduces Muse Code With Added Features

Meta Platforms (META) said Monday it is bringing Muse Code out of beta, with new features and additions.Muse Code now offers inter-session messaging, workflow, and rewind in the command-line interface, a developer preview of the software development kit, and subscription plans, the company said.Muse can handle even more complex multi-session and multi-agent engineering tasks and support a wider range of ways to build, the company added.Price: $572.47, Change: $-5.55, Percent Change: -0.96%

$META