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Solaris Energy Infrastructure Unit Plans $1.3 Billion Senior Notes Offering

Solaris Energy Infrastructure (SEI) said Tuesday its unit intends to offer $1.3 billion of senior notes due 2031.The net proceeds will be used to repay outstanding borrowings, cover related fees, and fund general corporate purposes, including growth capital expenditures, Solaris Energy Infrastructure said.The notes are being offered exclusively to qualified institutional buyers, the company added.Shares of the company were up about 3.1% in Tuesday trading.Price: $76.47, Change: $+1.99, Percent Change: +2.67%

$SEI

Wire57d ago

Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada

Visa (V) and Wealthsimple said Tuesday they are working together on a stablecoin settlement pilot program in Canada.Wealthsimple can now satisfy certain settlement obligations with Visa Canada in USD Coin through the pilot program, they said.Price: $322.20, Change: $-4.65, Percent Change: -1.42%

Wire57d ago

Roth Capital Partners Adjusts Price Target on Diamondback Energy to $205 From $200, Maintains Neutral Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $225.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $207.64, Change: $-6.05, Percent Change: -2.83%

$FANG

Wire57d ago

Citigroup Adjusts Price Target on ON Semiconductor to $100 From $68, Maintains Neutral Rating

ON Semiconductor (ON) has an average rating of overweight and mean price target of $103.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $104.10, Change: $+2.06, Percent Change: +2.02%

$ON

Wire57d ago

Citigroup Adjusts Price Target on Marathon Petroleum to $257 From $243, Maintains Neutral Rating

Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $253.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $256.58, Change: $+4.04, Percent Change: +1.60%

$MPC

Wire57d ago

Merck Completes Terns Pharmaceuticals Acquisition

Merck (MRK) said Tuesday it has completed the acquisition of Terns Pharmaceuticals after a cash tender offer at $53 per share.Terns' stock will no longer be listed on Nasdaq, it said.The deal will result in a charge to research and development expense of about $2.35 per share, included in Q2 and full year 2026 GAAP and non-GAAP results, Merck said.GAAP and non-GAAP EPS are also expected to take a hit of about $0.12 a share in 2026 on costs associated with advancing TERN-701 and costs of financing, it added.Price: $113.21, Change: $+0.10, Percent Change: +0.09%

$MRK$TERN

Wire57d ago

Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada

Wire57d ago

Ocugen Prices $115 Million Convertible Senior Notes Offering

Ocugen (OCGN) priced $115 million of 6.75% convertible senior notes due 2034 in a private offering, with net proceeds expected at about $99.5 million, or $112.6 million if the option is fully exercised, the company said Tuesday.The company also granted the initial purchaser a 13-day option to buy up to an additional $15 million of notes.Ocugen will use about $32.7 million of proceeds to repay debt under its Avenue Capital Group loan, with the remainder for general corporate purposes, it added.Shares of Ocugen were down 19% in Tuesday trading.Price: $1.50, Change: $-0.36, Percent Change: -19.19%

$OCGN

Wire57d ago

Arrowhead Signs Deal With Madrigal to License Clinical MASH Program

Arrowhead Pharmaceuticals (ARWR) said Tuesday it has signed an agreement with Madrigal Pharmaceuticals (MDGL) to exclusively license its ARO-PNPLA3 program, which is evaluating a potential treatment for metabolic dysfunction-associated steatohepatitis, or MASH.Under the agreement, Arrowhead said that Madrigal will receive a global license to develop, manufacture, and commercialize ARO-PNPLA3, which uses the TRiM platform to silence hepatocyte expression of patatin-like phospholipase domain-containing 3, or PNPLA3, as a potential treatment for patients with MASH.When the deal closes, Arrowhead said it will receive a $25 million upfront payment and be eligible to receive up to an additional $975 million upon meeting development, regulatory, and sales milestones.Arrowhead said it is also eligible to receive tiered royalties on commercial sales ranging from high single digits to the mid-teens.Price: $76.58, Change: $+0.19, Percent Change: +0.25%

$ARWR$MDGL

Wire57d ago

Intel Capital Joins $178 Million QuantWare Funding Round; Shares Rise

QuantWare said Tuesday it raised $178 million in a series B funding round, with new investors including Intel (INTC) Capital, In-Q-Tel and ETF Partners.The company said the round is the largest private funding raised by a dedicated quantum processor company and will support scaling its quantum processor technology and expanding manufacturing capacity.Shares of Intel were up more than 13% in Tuesday trading.Price: $108.66, Change: $+12.88, Percent Change: +13.45%

$INTC

Wire57d ago

Google DeepMind, Microsoft, xAI Sign AI Security Agreements With CAISI

Alphabet's (GOOG, GOOGL) Google DeepMind, Microsoft (MSFT), and Tesla (TSLA) Chief Executive Elon Musk's xAI signed new agreements with the Center for AI Standards and Innovation to assess artificial intelligence security issues before they are released, CAISI said Tuesday.The expanded collaborations allow the government to test the models before public release to improve security and establish best practices, the center said.The organization has completed more than 40 software assessments to date and frequently receives unrestricted versions of the programs to thoroughly investigate potential national security risks, according to a statement.The partnerships support information sharing and classified environment testing while remaining flexible enough to adapt to rapid technological advancements, CAISI said.These expanded industry collaborations will help the CAISI scale its work in the public interest at critical moments, CAISI Director Chris Fall said.Price: $383.25, Change: $+3.61, Percent Change: +0.95%

$GOOG$GOOGL$MSFT$TSLA

Wire57d ago

SoundHound AI Launches OASYS Platform for Agentic AI

SoundHound AI (SOUN) has launched its OASYS, or Orchestrated Agent System, platform for building artificial intelligence agents, the company said Tuesday.OASYS is designed to manage the "entire lifecycle" of agentic AI, with features like "self-learning" that allows the platform to design its own updates for improvements, SoundHound AI said.Price: $9.12, Change: $-0.36, Percent Change: -3.75%

$SOUN

Wire57d ago

Critical Metals Gets Greenland Approval for 70% Acquisition of 60 Degrees North ApS

Critical Metals (CRML) said Tuesday it has received formal approval from the government of Greenland to proceed with its acquisition of 70% of 60 Degrees North Greenland ApS, a provider of construction, logistics, drilling, and project development services.Price: $13.57, Change: $+0.66, Percent Change: +5.11%

$CRML

Wire57d ago

Critical Metals Gets Greenland Approval for 70% Acquisition of 60 Degrees North ApS

$CRML

Wire57d ago

Ethos Technologies Launches Native ChatGPT App for Life Insurance Estimates

Ethos Technologies (LIFE) has launched a native ChatGPT app to provide dedicated AI assistance for users interested in life insurance.Users will be able to receive a personalized monthly term life insurance estimate after answering five simple questions within the chatbot, according to a statement.Price: $19.90, Change: $+0.44, Percent Change: +2.26%

$LIFE

Wire57d ago

GE Vernova, Blue Energy Collaborating on Nuclear-Natural Gas Power Plant

GE Vernova (GEV) and Blue Energy are planning to develop a 2.5 gigawatt power facility in Texas that will combine nuclear and natural gas, the companies said Tuesday.The plan incorporates GE Vernova Hitachi Nuclear Energy's small modular reactor and two GE Vernova 7HA.02 gas turbines, the companies said. A final investment decision is expected in 2027 and the gas turbines are expected to be delivered in 2029.Blue Energy could begin preliminary site work on the project this year and submit an application to the US Nuclear Regulatory Commission for a construction permit in 2027, the companies said.Financial terms were not disclosed.Price: $1104.33, Change: $+30.38, Percent Change: +2.83%

$GEV

Wire57d ago

Becton, Dickinson Collaborates With Wellstar Health to Improve Drug Delivery Systems

Becton, Dickinson and Company (BDX) said Tuesday it has formed a strategic partnership with Wellstar Health System to improve the safety and quality of medication delivery across hospitals and care facilities.Financial details weren't disclosed.The collaboration is expected to integrate Becton, Dickinson's artificial intelligence-powered Pyxis Pro medication dispensing technologies with its Alaris infusion systems, to create a more connected medication management process from the pharmacy to the patient bedside, the company said.Price: $143.80, Change: $-2.51, Percent Change: -1.72%

$BDX

Wire57d ago

Ferguson Enterprises, Contractor Commerce Form Alliance Targeting Contractors

Ferguson Enterprises (FERG) and Contractor Commerce are launching a strategic alliance to support Ferguson's contractor customers, the latter said Tuesday.Under the collaboration, contractors will be able to allow their customers to get quotes, book services, purchase equipment, and enroll in memberships directly on their websites, Contractor Commerce said.Financial details were not provided.Price: $258.20, Change: $-2.61, Percent Change: -1.00%

$FERG

Wire57d ago

Coinbase Expects Majority of Restructuring Charges in Q2 Amid Job Cuts

Coinbase Global (COIN) is cutting about 700 employees, or roughly 14% of its global workforce, as part of a restructuring plan to manage operating expenses in response to current market conditions and optimize operations for the AI era, the company said in a filing Tuesday.The company expects to complete the plan largely in Q2 2026 and incur $50 million to $60 million in restructuring charges, mainly for severance and other termination benefits, with most costs recognized in the quarter.Shares of Coinbase Global were down 2.6% in Tuesday trading.Price: $199.23, Change: $-3.76, Percent Change: -1.85%

$COIN

Wire57d ago

Update: BioNTech Q1 Adjusted Loss Widens, Revenue Declines; Reaffirms 2026 Revenue Outlook

(Updates with layoff plan in the sixth paragraph and recent stock price move in the last paragraph.)BioNTech (BNTX) reported a Q1 adjusted loss Tuesday of 1.95 euros ($2.28) per diluted share, widening from a loss of 1.79 euros a year earlier.Analysts polled by FactSet expected a loss of 1.27 euros.Revenue for the quarter ended March 31 was 118.1 million euros, compared with 182.8 billion euros a year earlier.Analysts surveyed by FactSet expected 164.6 million euros.For 2026, the company reaffirmed revenue of between 2 billion euros and 2.30 billion euros. Analysts expect 2.22 billion euros.The company said it plans to exit operations at manufacturing sites in Idar-Oberstein, Marburg and Singapore, as well as CureVac's sites, affecting up to about 1,860 positions. The moves are expected to be completed by 2027 and deliver about 500 million euros in annual cost savings by 2029.BioNTech shares were down 2.4% in Tuesday trading.Price: $96.96, Change: $-2.39, Percent Change: -2.41%

$BNTX

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