Financial News · Live Terminal

Page 120 of 372

Tempus AI Expands Smart Physician Platform With Generative AI Tools

Tempus AI (TEM) has upgraded its Tempus Hub platform with agentic AI to streamline clinical workflows and enhance decision-making in oncology and precision medicine, the company said Wednesday.The enhanced system embeds a generative AI clinical co-pilot directly into Hub, enabling an agent-first experience that combines large language model capabilities with real-time diagnostic and genomic patient data, the company said.Tempus said the new architecture builds on its existing data infrastructure, including its Edge, Locker and Air systems, which support real-time data connectivity, secure storage and AI deployment at the point of care.The company shares were down over 1% in Wednesday trading.Price: $45.73, Change: $-0.93, Percent Change: -1.99%

$TEM

Wire35d ago

Imax, Georgia Theatre Co. Sign Deal for Five New Imax With Laser Locations in Southeastern US

Imax (IMAX) and Georgia Theatre Co. said Wednesday they have signed an agreement to open five new Imax with Laser locations in the southeastern US.Financial details were not provided.Two locations will open next year and the rest will open in 2028 and 2029, the companies said.The deal expands a partnership that started last year with the opening of Georgia Theatre Co.'s first Imax location in Athens, Georgia, the companies said.Price: $40.70, Change: $+0.09, Percent Change: +0.21%

$IMAX

Wire35d ago

Broadcom Enters Into Partnerships With FuriosaAI, Samsung

Broadcom (AVGO) has signed a partnership with FuriosaAI to develop a third-generation AI inference accelerator, FuriosaAI said on Wednesday.The companies will jointly develop a chiplet-based AI inference platform combining Furiosa's architecture with Broadcom's networking and Ethernet technologies to scale hyperscale AI compute clusters, FuriosaAI said.Also on Wednesday, Broadcom said it has entered into a collaboration with Samsung Electronics on a next-generation 5G and Wi-Fi 8 fixed wireless access platform.Broadcom shares were up more than 1% in recent Wednesday trading.Price: $428.59, Change: $+6.58, Percent Change: +1.56%

$AVGO

Wire35d ago

Intercontinental Exchange Reports Record Open Interest Contracts in Natural Gas, Power

Intercontinental Exchange (ICE) reported Wednesday record liquidity for its global natural gas and power markets, including record open interest in North American natural gas.ICE said it reached a record 130.5 million open interest contracts for its futures and options markets.On May 22, ICE's global natural gas markets hit a record 48 million open interest contracts, up 11% from a year earlier, while its global power markets hit a record 4 million open interest contracts, a 10% rise from a year earlier.ICE's North American natural gas futures and options markets reached record open interest of 41.4 million, up 11% from a year earlier.Price: $150.14, Change: $-0.49, Percent Change: -0.32%

$ICE

Wire35d ago

Diana Shipping Boosts Offer to Acquire Genco to $24.80 per Share

Diana Shipping (DSX) said Wednesday it has increased its offer to acquire all the shares of Genco Shipping & Trading (GNK) that it does not already own to $24.80 a share in cash from $23.50.Diana said it has also extended the expiration for the tender offer to 5 pm New York City time on June 26.The company said the increased offer is fully financed, with $1.43 billion in financing arranged by DNB Carnegie and Nordea, with participation from other banks.Diana also said it has nominated six candidates to Genco's board.Genco didn't immediately respond to a request for comment by.Price: $2.80, Change: $+0.08, Percent Change: +2.95%

$DSX$GNK

Wire35d ago

Mastercard Transaction Services Obtains BitLicense From New York Regulator

Mastercard (MA) said Wednesday its subsidiary Mastercard Transaction Services was granted a BitLicense by the New York State Department of Financial Services, allowing it to engage in virtual currency activities in the state.New York's BitLicense framework establishes comprehensive requirements related to consumer protection, cybersecurity, financial integrity, and operational resilience, according to a statement.Price: $494.94, Change: $+1.72, Percent Change: +0.35%

$MA

Wire35d ago

Super Micro Computer Shares Rise After Verda Selects Rack-Scale Systems

Super Micro Computer (SMCI) shares were up close to 3% in Wednesday trading after it said European artificial intelligence cloud provider Verda has selected its NVIDIA GPU-accelerated, rack-scale systems for its AI cloud infrastructure in Europe.Financial terms were not disclosed."Supermicro is happy to collaborate with Verda to bring the next generation of AI infrastructure to the world," said Supermicro Chief Executive and President Charles Liang."Our DCBBS design, engineering, and support expertise, combined with the latest NVIDIA Blackwell-based systems, enable customers like Verda to rapidly deploy high-performance, energy-efficient AI infrastructure at scale."Price: $38.61, Change: $+1.51, Percent Change: +4.07%

$SMCI

Wire35d ago

Fortune Brands Innovations Initiates Formal Strategic Review of Fiberon Business

Fortune Brands Innovations (FBIN) said Wednesday that it has initiated a formal review to explore a range of strategic alternatives for its Fiberon composite decking business.A definitive timetable for completion of the review has not been established and there can be no assurance that the process will result in any transaction or other specific outcome, the company said.Shares of the company were up over 3% in Wednesday trading.Price: $38.67, Change: $+0.29, Percent Change: +0.74%

$FBIN

Wire35d ago

G-III Apparel Maintains Quarterly Dividend at $0.10 a Share; Payable July 8 to Shareholders of Record as of June 22

$GIII

Wire35d ago

Momentus Prices $25 Million Private Placement; Shares Jump Pre-Bell

Momentus (MNTS) shares surged 38% in Wednesday's premarket trading after the company said it agreed to sell 2.9 million shares to existing institutional investors through a private placement, with gross proceeds expected to be about $25 million.The offering, priced at-the-market under Nasdaq rules, is expected to close on or about Thursday, the company said.Momentus said that it intends to use net proceeds from the offering for working capital and other general corporate purposes.The company added that existing capital and net proceeds from the offering are expected to leave it with about $76 million in cash, cash equivalents, and short-term investments.

$MNTS

Wire35d ago

Bath & Body Works' Fiscal Q1 Adjusted Earnings, Revenue Decline; Fiscal 2026 Adjusted EPS Guidance Set; Shares Rise Pre-Bell

Bath & Body Works (BBWI) reported fiscal Q1 adjusted earnings Wednesday of $0.32 per diluted share, compared with $0.49 a year earlier.Analysts surveyed by FactSet expected $0.29.Revenue for the quarter ended May 2 was $1.38 billion, compared with $1.42 billion a year earlier.Analysts surveyed by FactSet expected $1.36 billion.For fiscal 2026, the company maintained its adjusted EPS guidance of $2.40 to $2.65 per diluted share. Analysts surveyed by FactSet expect $2.64.Shares of Bath & Body Works were surging more than 12% pre-bell Wednesday.Price: $19.88, Change: $+2.14, Percent Change: +12.06%

$BBWI

Wire35d ago

Apogee Therapeutics, Blackstone Life Sciences Enter Financing Collaboration of Up to $1.3 Billion

Apogee Therapeutics (APGE) entered a strategic financing collaboration with Blackstone (BX) Life Sciences for up to $1.3 billion in non-dilutive capital to support Phase 3 development and potential commercialization of zumilokibart, the company said Wednesday.The financing consists of up to $800 million in synthetic royalty funding and up to $500 million in senior corporate debt available at the mutual consent of Apogee and Blackstone.Under the agreement, Blackstone will provide royalty financing in exchange for low- to mid-single-digit tiered royalties on global sales of zumilokibart over 15 years, with the first $400 million in preapproval funding paid in staged tranches, including $100 million at signing, $100 million upon completion of Phase 3 enrollment and $200 million upon positive Phase 3 data.Apogee said the deal, along with its $1.3 billion cash balance, is expected to fund the company through commercialization without additional equity financing.Shares of Apogee Therapeutics were down more than 17% in Wednesday premarket trading.

$APGE$BX

Wire35d ago

Update: Digital Turbine Fiscal Q4 Adjusted Earnings, Revenue Rise; 2027 Guidance Set; CFO Steve Lasher Steps Down

(Updates with pre-bell stock move in the last paragraph, as well as information on the executive change in the headline and the seventh to the tenth paragraphs.)Digital Turbine (APPS) reported fiscal Q4 adjusted earnings late Tuesday of $0.16 per diluted share, up from $0.10 a year earlier.Two analysts polled by FactSet expected $0.09.Revenue for the three months ended March 31 was $142.5 million, up from $119.2 million a year earlier.Two analysts surveyed by FactSet expected $133.2 million.For the fiscal year 2027, the company expects revenue of $630 million to $650 million.Two analysts expect $618.9 million.Meanwhile, the company's chief financial officer, Steve Lasher, resigned to seek another opportunity, effective May 31, the company said Wednesday.Lasher will remain at the company until June to assist with the transition.Josh Kinsell, the company's chief accounting officer, was appointed interim finance chief, effective June 1.The company said it is engaging an executive search firm for additional candidates.Shares of the company were up more than 15% in recent premarket trading Wednesday.Price: $5.55, Change: $+0.74, Percent Change: +15.38%

$APPS

Wire35d ago

Sherwin-Williams, Nippon Paint Bid for AkzoNobel Rejected as Company Backs Axalta Deal

Sherwin-Williams (SHW) and Nippon Paint's bid to acquire AkzoNobel for 73 euros ($84.99) per share in cash was rejected, with the Dutch coatings maker reaffirming its support for the planned merger with Axalta Coating Systems (AXTA), the company said Wednesday.The proposal called for Nippon Paint to retain AkzoNobel's Decorative Paints and Industrial Coatings units, while Sherwin-Williams would acquire its other coatings businesses, AkzoNobel said.AkzoNobel's boards said the offer undervalued the company and raised concerns over deal certainty, regulatory approvals and stakeholder protections.The company added that it continues to unanimously support its merger with Axalta ahead of the expected release of a U.S. Securities and Exchange Commission Form F-4 tied to the deal.Shares of Axalta Coating Systems were up more than 7% in Wednesday premarket activity.Price: $32.30, Change: $+2.30, Percent Change: +7.67%

$AXTA$SHW

Wire36d ago

Ooma Fiscal Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

Ooma (OOMA) reported fiscal Q1 adjusted earnings late Tuesday of $0.35 per diluted share, up from $0.20 a year earlier.Analysts polled by FactSet expected $0.32.Revenue in the three months ended April 30 rose to $81.1 million from $65 million a year earlier.Analysts surveyed by FactSet expected $79.8 million.Ooma expects fiscal Q2 adjusted EPS of $0.33 to $0.34 on revenue of $81.6 million to $82.3 million.Analysts polled by FactSet expect EPS of $0.31 on revenue of $80.2 million.The company boosted fiscal 2027 adjusted EPS guidance to $1.29 to $1.34 on revenue of $326 million to $328.5 million. Prior guidance was EPS of $1.26 to $1.31 on revenue of $321 million to $325 million.Analysts surveyed by FactSet expect EPS of $1.29 on revenue of $322.8 million.Ooma shares rose 4.8% in after-hours trading.

$OOMA

Wire36d ago

Jade Biosciences Says First Participant Dosed in First-in-Human Phase 1 Trial of JADE201

Jade Biosciences (JBIO) said late Tuesday the first participant has been dosed in a first-in-human phase 1 clinical trial of JADE201, an investigational, half-life extended, afucosylated monoclonal antibody.The first-in-human trial is a placebo-controlled study assessing single ascending doses of JADE201 in participants with rheumatoid arthritis, according to a statement.Jade said interim phase 1 data in rheumatoid arthritis anticipated in 2027 are expected to inform indication prioritization across potential autoimmune indications supported by B cell activating factor receptor biology.

$JBIO

Wire36d ago

Zscaler Fiscal Q3 Adjusted Earnings, Revenue Rise; Q4 Guidance Set

Zscaler (ZS) reported fiscal Q3 adjusted earnings late Tuesday of $1.08 per diluted share, up from $0.84 a year earlier.Analysts polled by FactSet expected $1.01.Revenue for the three months ended April 30 was $850.5 million, up from $678 million a year earlier.Analysts surveyed by FactSet expected $835.6 million.For fiscal Q4, the company expects adjusted EPS of $1.08 to $1.09 on revenue of $875 million to $878 million. Analysts expect EPS of $1.03 on revenue of $878.6 million.For the full-year fiscal 2026, the company now expects adjusted EPS of $4.10 to $4.11 on revenue of $3.329 billion to $3.332 billion. It earlier expected adjusted EPS of $3.99 to $4.02 on revenue of $3.31 billion to $3.32 billion.Analysts expect EPS of $4.01 on revenue of $3.32 billion.

$ZS

Wire36d ago

Earnings Flash (BOX) Box Posts Fiscal Q1 Revenue $305.9M, vs. FactSet Est of $304.4M

$BOX

Wire36d ago

Top Cryptocurrencies Fall; Bitcoin Holds Above $75,000

Top cryptocurrencies were weaker Tuesday, with Bitcoin (BTC-USD) lower but holding above the $75,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.1% in the past 24 hours. The Nasdaq 100 rose 1.8%, the S&P 500 added 0.7%, and the Dow Jones Industrial Average fell 0.2%.Bitcoin fell 1.9% to $75,915, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 63.7% to $35.2 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 2.2% to $2,072.XRP (XRP-USD) dropped 1.8%, BNB (BNB-USD) shed 0.8%, and Solana (SOL-USD) lost 2.1%. Dogecoin (DOGE-USD) dipped 1.5%, and Cardano (ADA-USD) shed 2.1%.The US 10-year Treasury yield stood at 4.491% at 3 p.m. ET Tuesday, down from 4.558% Friday, while the five-year yield fell to 4.183% from 4.258%.The total market value of the cryptocurrency industry fell 1.9% in the past 24 hours to $2.54 trillion, with trading volume declining 1.8% to $153.62 billion.Price: $75958.51, Change: $-1308.88, Percent Change: -1.69%

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

Wire36d ago

Update: Market Chatter: Spotify Co-Chief Executive Defends Expansion into AI-Generated Music

(Updates with the company's response in the fourth paragraph.)Spotify Technology's (SPOT) Co-Chief Executive Alex Norstrom has defended the company's expansion into artificial intelligence-generated music, the Financial Times reported Tuesday.Speaking at an interview, Norstrom said there have been "rogue attempts" at using AI tools to make music, adding that Spotify's "controlled" products offer a better alternative to the unregulated AI "slop" already spreading online, according to the report.Norstrom's comments come after the company signed a deal with Universal Music to allow users to create AI-generated covers and remixes of songs from participating artists, the FT reported.In response to' request for comment, a Spotify spokesperson pointed to the company's investor day blog post, which said that as generative AI accelerates music creation, artists can lose control of their work and value can be created without flowing back to creators if a rights system is not in place.(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: $528.84, Change: $+8.98, Percent Change: +1.73%

$SPOT

Showing 2381-2400 of 7433