Financial News · Live Terminal

Page 10 of 682

Market Chatter: MP Materials' Shareholder Shenghe Resources in Talks to Be Acquired by China Rare Earth

MP Materials' (MP) shareholder Shenghe Resources is in talks to be acquired by state-owned China Rare Earth Group, Reuters reported Friday, citing two sources with knowledge of the matter.A successful deal would give China Rare Earth control of Shenghe's stakes in foreign firms, including a 3% stake in MP Materials, which lists the US Department of Defense as its largest shareholder, according to the report.Talks have been underway since earlier this year and it is not immediately clear when the acquisition will be announced or completed, Reuters said.MP Materials and China Rare Earth did not immediately respond to' request for comment. Shenghe Resources could not be reached.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $48.68, Change: $-0.71, Percent Change: -1.43%

$MP

Wire3d ago

AstraZeneca's Alexion Gets Positive EU Recommendation for Klygefa in Rare Muscle Disease

AstraZeneca (AZN) said Friday that Alexion, AstraZeneca Rare Disease's Klygefa received a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use recommending approval in the European Union.Klygefa is intended to treat adults with generalized myasthenia gravis, a rare autoimmune disorder characterized by reduced muscle function and severe muscle weakness.The opinion was supported by data from the phase 3 PREVAIL trial, which the company said demonstrated the efficacy and safety profile of the long-acting C5 complement inhibitor in patients with the disease.Price: $166.82, Change: $+0.68, Percent Change: +0.41%

$AZN

Wire3d ago

Viant Technology Withdraws Previously Announced Sale of 8.5 Million Shares

Viant Technology (DSP) said it, along with a stockholder, decided not to proceed with a previously announced public offering of 8.5 million shares of the company's common stock, according to a Friday regulatory filing."The decision to withdraw the offering was made in light of current market conditions," the company said.Price: $11.61, Change: $+1.59, Percent Change: +15.82%

$DSP

Wire3d ago

Viant Technology Withdraws Previously Announced Sale of 8.5 Million Shares

$DSP

Wire3d ago

Toro Buys Two Tanker Vessels for $83.4 Million

Toro (TORO) has bought two medium range tanker vessels through its subsidiaries from unaffiliated third parties, the company said Friday.The company said it acquired the Wonder Alasia, a 2018 Japanese-built tanker vessel, for $45.9 million and a 2014 Korean-built scrubber-fitted tanker vessel for $37.5 million.The vessels were delivered on Thursday and Friday, respectively, Toro said.Price: $6.32, Change: $+0.08, Percent Change: +1.28%

$TORO

Wire3d ago

Joby Aviation Completes First Autonomous Cross-Country Flight Across US

Joby Aviation (JOBY) said Friday that an aircraft featuring its autonomous technology has completed the first self-flying trip across the US.The converted Cessna Caravan flew 3,199 miles to North Carolina without control inputs from its safety pilot, the company said.Remote supervisors oversaw taxiing, takeoff, navigation, and landing from ground locations in California and South Carolina, and the plane altered its course around bad weather and navigated congested airspace during the journey, Joby said.Price: $6.37, Change: $+0.18, Percent Change: +2.82%

$JOBY

Wire3d ago

Ecopetrol Elects Carlos Suarez as Chairman, Claudia Lafaurie Taboada as Vice Chair

Ecopetrol's (EC) board has appointed Carlos Augusto Suarez Rojas as chairman and Claudia Margarita Lafaurie Taboada as vice chair, the company said Friday.Rojas succeeds Luis Felipe Henao Cardona, Ecopetrol said.Price: $17.11, Change: $-0.27, Percent Change: -1.58%

$EC

Wire3d ago

Mistras Group to Be Acquired by H.I.G. Capital for $20.35 a Share

Mistras Group (MG) signed a definitive deal to be acquired by affiliates of H.I.G. Capital for $20.35 per Mistras Group share in cash, for an enterprise value of about $866 million including outstanding debt, the companies said Friday.The purchase price represents about an 8% premium to Mistras Group's 30-day volume-weighted average share price through Thursday, according to the statement.Mistras Group's board has approved the transaction and holders of approximately 31% of the company's stock have agreed to vote in favor of the transaction, the companies said.The acquisition is expected to close late 2026 or early 2027, after which Mistras Group will be delisted from the NYSE, according to the statement.Shares of Mistras Group were up more than 2% premarket Friday.

$MG

Wire4d ago

Loop Industries to Evaluate Alternatives, India Joint Venture Financing

Loop Industries (LOOP) formed a committee to evaluate alternatives aimed at advancing commercialization and strengthening its capital position, including a broader project-financing structure for its planned India joint venture.The review will consider "strategic investments, project-level financing, licensing and commercial partnerships, regional joint ventures, business combinations, corporate-structure alternatives, a potential sale, merger or going-private transaction," the company said Thursday in a statement.Loop said there is no assurance the process will result in a sale, merger, going-private transaction or any other transaction or outcome.The review follows Jeff Geygan's appointment as chairman and the separation of the chairman and CEO roles, establishing a board-led process to evaluate capital needs and strategy.Loop shares rose 2% in after-hours trading.

$LOOP

Wire4d ago

Top Cryptocurrencies Rise; Bitcoin Tops $76,000 Level

Major digital assets rose Thursday, with Bitcoin (BTC-USD) topping the $76,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 2% in the past 24 hours. The Nasdaq 100 rose 1.8%, the S&P 500 added 1.2%, and the Dow Jones Industrial Average increased 0.6%.Bitcoin gained 0.8% to $76,473, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 24.4% to $23.4 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, rose 1.8% to $2,445.XRP (XRP-USD) declined 0.3%, BNB (BNB-USD) rose 1.6%, and Solana (SOL-USD) gained 2.6%. Dogecoin (DOGE-USD) increased 1.5%, while Cardano (ADA-USD) advanced 3.7%.The total market value of the cryptocurrency industry rose 1.2% in the past 24 hours to $2.62 trillion, with trading volume dropping 12.6% to $77 billion.Price: $76600.00, Change: $+456.19, Percent Change: +0.60%

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

Wire4d ago

Ultragenyx Shares Rise After FDA Approval for Sanfilippo Syndrome Treatment

Ultragenyx Pharmaceutical (RARE) shares rose 11% after the company won FDA approval for Fayuvi, the first treatment for children with Sanfilippo syndrome type A, a rare genetic condition that progressively damages the brain and nervous system.Delivered as a one-time IV infusion, Fayuvi uses a modified virus to deliver a healthy gene, replacing the enzyme the patients lack. the FDA said Thursday in a statement. In clinical trials, treated children aged 2 to 5 maintained or improved their cognitive abilities compared to historical patient outcomes, the agency said.The FDA noted common side effects like fever, nausea, and elevated liver enzymes. The label also warns of potential long-term risks, including blood clotting issues and tumor formation, requiring patients to take immune-suppressing steroids around the time of treatment.Price: $14.34, Change: $+1.46, Percent Change: +11.34%

$RARE

Wire4d ago

Fifth Third Bancorp Increases Quarterly Dividend by 5%, to $0.42 per Share, Payable Oct. 15 to shareholders of Record Sept 30

$FITB

Wire4d ago

Pegasystems Shares Fall After JPMorgan Downgrade

Pegasystems (PEGA) shares were down about 1.6% in late Thursday trading after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $47 from $54.Trading volume stood at more than 1.7 million shares, compared with a daily average of about 2.7 million.Price: $36.25, Change: $-0.59, Percent Change: -1.60%

$PEGA

Wire4d ago

Blue Owl Capital Completes Sale-Leaseback of 34 Trustmark Bank Branches

Blue Owl Capital (OWL) said its Real Assets platform has completed the acquisition of 34 bank branch properties from Trustmark Corporation.The properties span Mississippi, Florida, Tennessee, Alabama, and Texas, the company said.Trustmark simultaneously entered long-term, triple net leases on all 34 properties, each with a 15-year initial term and three five-year renewal options.Trustmark holds a BBB+ credit rating from S&P.Price: $10.00, Change: $-0.12, Percent Change: -1.19%

$OWL

Wire4d ago

Update: Silvercorp Metals Shares Rise After Up to 8.85 Million Share Repurchase Plan

(Updates with the latest stock price movement in the headline and the first paragraph.)Silvercorp Metals (SVM) shares rose nearly 9% in Thursday trading after the company said it will repurchase up to nearly 8.85 million shares, representing around 4% of its outstanding shares.The repurchase program will begin Monday and expire on Sept. 20, 2027, the company said.Silvercorp will cancel all shares acquired under the program, it said.Price: $12.16, Change: $+0.98, Percent Change: +8.77%

$SVM

Wire4d ago

Sector Update: Energy

Energy stocks advanced late Thursday afternoon, with the NYSE Energy Sector Index up 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%.The Philadelphia Oil Service Sector Index was fractionally lower, and the Dow Jones US Utilities Index increased 0.8%.Front-month West Texas Intermediate crude oil shed 1% to $101.41 a barrel, and the global benchmark Brent crude contract fell 1.5% to $104.22 a barrel. Henry Hub natural gas futures decreased 0.2% to $2.89 per 1 million BTU.In corporate news, HighPeak Energy (HPK) is considering a potential sale, working with investment bankers from Evercore (EVR) and Texas Capital Bancshares (TCBI) subsidiary Texas Capital Securities, Reuters reported. HighPeak shares jumped past 5%.

$HPK

Wire4d ago

Applied Digital Shares Rise After Wells Fargo Initiates Coverage With Overweight Rating

Applied Digital (APLD) shares rose more than 8% in Thursday trading after Wells Fargo initiated coverage of the stock with an overweight rating and a price target of $50.Trading volume stood at 19.2 million shares, compared with a daily average of 17.9 million.Price: $26.38, Change: $+1.99, Percent Change: +8.14%

$APLD

Wire4d ago

Update: CoreWeave Shares Fall After Stock Offering Announced

(Update with the stock price movement in the headline and first paragraph.)CoreWeave's (CRWV) stock fell 3.8% in Thursday trading after the company said it created an at-the-market offering program to potentially distribute up to 35 million common shares.The company will use several financial institutions to act as sales agents or forward sellers for the transactions.CoreWeave said it is not required to sell any shares under the program and will decide whether to do so based on market conditions and its capital needs.The equity framework is designed to deliver continuous funding flexibility and support efforts to achieve an investment-grade corporate credit rating, the company said.Price: $80.22, Change: $-3.13, Percent Change: -3.76%

$CRWV

Wire4d ago

SiTime Shares Rise After Morgan Stanley Initiates Coverage With Overweight Rating

SiTime (SITM) share rose over 8% on Thursday after Morgan Stanley initiated coverage of the stock with an overweight rating and a price target of $730 per share.Trading volume stood at around 467,300 shares compared with a daily average of 507,062.Price: $593.06, Change: $+44.16, Percent Change: +8.05%

$SITM

Wire4d ago

Market Chatter: Nvidia Partner GMI Cloud Seeking $300 Million Loan for Thailand Semiconductor Procurement

Nvidia (NVDA) partner GMI Cloud is seeking a $300 million loan to procure semiconductors for its site in Thailand, Bloomberg News reported late Wednesday, citing people familiar with the matter.The US-based data center operator approached commercial banks and private credit entities for the prospective transaction, which is anticipated to generate low-teen yields, according to the media outlet.Capital from the self-arranged financing will be used to purchase equipment for the company's infrastructure housed within an STT GDC compound, with Tencent Holdings designated as the primary end user, the news organization added.GMI Cloud, Tencent Holdings, and STT GDC did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $219.67, Change: $+5.77, Percent Change: +2.70%

$NVDA

Showing 181-200 of 13627