FINWIRES · TerminalLIVE
FINWIRES

Trip.com Q2 Adjusted Earnings, Revenue Rise; Shares Rise Pre-Bell

By

Trip.com Group (TCOM) reported Q2 adjusted earnings Tuesday of 7.27 Chinese renminbi ($1.08) per diluted American depositary share, up from 7.20 renminbi a year earlier.

Analysts polled by FactSet expected 5.94 renminbi.

Net revenue for the quarter ended June 30 was 15.66 billion renminbi, compared with 14.84 billion renminbi a year earlier.

Analysts expected 15.56 billion renminbi.

Shares of the company rose more than 4% in Wednesday premarket activity.

Price: $40.91, Change: $+1.66, Percent Change: +4.24%

What else is happening in Wire?

Wire

Tempest Therapeutics Gains Option to License New In-Body CAR-T Technology From Senlang

Tempest Therapeutics (TPST) signed an exclusive option agreement with China's Hebei Senlang Biotechnology to license a clinical-stage technology that delivers CAR-T cancer treatments directly inside the body, along with a portfolio of related drug candidates.The portfolio includes an early-stage treatment that targets two proteins linked to multiple myeloma and is now being tested in a phase 1 study, Tempest said Tuesday in a statement. Other candidates in the group are aimed at blood cancers and autoimmune diseases, the company said.Tempest said it will continue to evaluate phase 1 results with Senlang during the option period.The company also disclosed in a regulatory filing that it raised about $2.5 million last week through a private placement of prefunded and common stock warrants.Tempest shares rose 35% in after-hours trading.

$TPST
Wire

Top Cryptocurrencies Fall; Bitcoin Drops Below $76,000

Top cryptocurrencies fell Tuesday, with Bitcoin (BTC-USD) dropping below $76,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 5% in the past 24 hours. The Nasdaq 100 shed 0.8%, the S&P 500 lost 0.5%, and the Dow Jones Industrial Average declined 0.7%.Bitcoin fell 4.1% to $75,847, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 42% to $39.6 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 5.5% to $2,404.XRP (XRP-USD) lost 11%, BNB (BNB-USD) slumped 1.2%, and Solana (SOL-USD) shed 5.4%. Dogecoin (DOGE-USD) dropped 4.8%, and Cardano (ADA-USD) decreased 7.3%.The total market value of the cryptocurrency industry fell 4.1% in the past 24 hours to $2.58 trillion, with trading volume rising 31% to $103.1 billion.Price: $75891.45, Change: $-2289.88, Percent Change: -2.93%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Update: PBF Energy Shares Rise After Pricing $500 Million Exchangeable Notes Offering

(Updates with the latest stock price movement in the headline and the first paragraph.)PBF Energy (PBF) shares rose 6.1% on Tuesday, a day after the company said that, along with its PBF Finance unit, it priced $500 million worth of zero-rated exchangeable notes due 2032 in a private offering.The deal is expected to close on Sept. 17.PBF also granted the initial purchasers a 13-day option to buy up to an additional $50 million of notes, it said.The initial exchange rate is $96.80 per share, according to the company.Net proceeds, estimated at $485 million to $533.6 million, will be used to cover the cost of certain associated derivative transactions, repay other debt, and for general corporate purposes, PBF said.Price: $74.60, Change: $+4.20, Percent Change: +5.97%

$PBF