Financial News · Live Terminal

Page 306 of 347

Street Color: Ferrari Sets Preliminary Price for First Fully Electric Supercar at $647,000, Bloomberg Reports

BorgWarner Secures 7-Year Extension for Engine, Battery Controller Supply Deal

BorgWarner (BWA) said Tuesday it has secured a seven-year contract extension to supply engine, machine, power module and battery management system controllers to an undisclosed global off-highway manufacturer.The agreement runs through December 2032 and includes eight product families used in construction, marine, and stationary power applications across both conventional and electrified platforms, the company said.Price: $56.05, Change: $+0.32, Percent Change: +0.57%

$BWA

Wire64d ago

Quad/Graphics Keeps Quarterly Dividend at $0.10 a Share, Payable June 5 to Shareholders of Record as of May 21

$QUAD

Wire64d ago

Syntec Optics Holdings Receives Nearly $2 Million Order for AI-Powered Micro Cameras

Syntec Optics Holdings (OPTX) said Tuesday it received a nearly $2 million expansion order for integrated micro cameras used in next-generation artificial intelligence-enabled augmented reality systems for US warfighters.The company said the current order is for initial deployment and is expected to serve as the foundation for significant recurring annual orders throughout the decade.Price: $10.01, Change: $+0.26, Percent Change: +2.62%

$OPTX

Wire64d ago

SoundHound AI to Acquire LivePerson for $43 Million

SoundHound AI (SOUN) said Tuesday it has agreed to acquire LivePerson (LPSN) for $43 million.Under deal terms, SoundHound AI will get $74 million of LivePerson's cash balance prior to repayment of the 2026 convertible senior notes and at closing, SoundHound will retire the discounted debt with a mix of cash and equity, the companies said.SoundHound AI further anticipates that its 2027 revenue range will be $350 million to $400 million at its minimum level, with at least $100 million of growable contribution from LivePerson's long-tenured customers, the companies added.The transaction is expected to close in H2, subject to customary regulatory approvals and closing conditions.Shares of SoundHound AI and LivePerson were up 1.2% and 1.5% in early Tuesday trading.Price: $8.52, Change: $+0.20, Percent Change: +2.34%

$LPSN$SOUN

Wire64d ago

Enviri's Clean Earth Division Launches Solar Panel Recycling Services in Texas

Enviri's (NVRI) Clean Earth division said Tuesday it has launched full solar panel recycling services alongside its electronic waste recycling operations at its facility in Lancaster, Texas.The site, which can process about 600,000 solar panels per year at full capacity, was granted a permit to receive and recycle solar panels after approval from the Texas Commission on Environmental Quality, Clean Earth said.Price: $19.47, Change: $+0.01, Percent Change: +0.05%

$NVRI

Wire64d ago

Street Color: Amazon Rolls Out GLP-1 Weight Management Program Through Amazon One Medical

$AMZN

Wire64d ago

Humacyte Says Israeli Health Ministry Accepts Marketing Authorization Application for Symvess

Humacyte (HUMA) said Tuesday its marketing authorization application for Symvess acellular tissue engineered vessel to be used for arterial trauma repair has been accepted by Israel's Ministry of Health.The company said the ministry has set a 180-working-day review period.

$HUMA

Wire64d ago

Guggenheim Adjusts Price Target on Eli Lilly to $1,183 From $1,163, Maintains Buy Rating

Eli Lilly (LLY) has an average rating of overweight and mean price target of $1,240.72, 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: $882.98, Change: $-36.93, Percent Change: -4.01%

$LLY

Wire64d ago

Newmark Group Extends, Boosts Credit Facility to $900 Million

Newmark Group (NMRK) said Tuesday it has amended its revolving credit facility with an increase to $900 million from $600 million and a maturity date extension to April 17, 2030, from the original date of April 26, 2027.The company said it has the right to increase the credit facility to up to $1.1 billion, subject to certain conditions being met.Newmark said it can select how borrowings under the credit facility will bear an interest rate, either based on term SOFR for applicable interest periods as selected by the company plus an applicable margin, or a base rate to be determined by the administrative agent plus an applicable margin.Price: $16.68, Change: $+0.11, Percent Change: +0.66%

$NMRK

Wire64d ago

Churchill Downs Secures Preakness Intellectual Property in $85 Million Agreement

Churchill Downs (CHDN) said Tuesday it has entered into a definitive agreement to acquire the intellectual property rights, including trademarks and associated rights, to the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing affiliate 1/ST Maryland in an $85 million deal.Under the deal, Churchill Downs will license the rights to the State of Maryland to continue operating the races in exchange for an annual fee, the company said.The deal is expected to close after the 2026 Preakness Stakes and will be funded with cash on hand and the company's existing credit facility, it added.Shares of Churchill Downs were up about 1.0% in Tuesday trading.Price: $94.15, Change: $+1.24, Percent Change: +1.33%

$CHDN

Wire64d ago

Huntington Ingalls Industries Plans Production of Four Additional Romulus Vessels

Huntington Ingalls Industries (HII) said Tuesday it plans to produce four additional Romulus 151 unmanned surface vessels, in addition to one already under construction.The shipbuilding company said the vessels will be built by Breaux Brothers Enterprises in Louisiana, marking a move toward initial production of the platform for the US Navy and allied customers.Financial terms of this partnership were not provided.The company said the program is supported by its manufacturing network, including an assembly site at Breaux Brothers and its High-Yield Production Robotics initiative, which is intended to support higher output and more consistent production.Price: $388.85, Change: $-3.17, Percent Change: -0.81%

$HII

Wire64d ago

BioAge Labs Says Drug Candidate Shows 'Best-in-Class Reductions' in Inflammatory Biomarkers in Phase 1 Trial With Obese Patients

BioAge Labs (BIOA) said Tuesday its experimental BGE-102 drug demonstrated "best-in-class reductions" in inflammatory biomarkers during a phase 1 trial involving participants with obesity.Both the 60 mg and 120 mg daily doses lowered high-sensitivity C-reactive protein levels by at least 85% while maintaining a favorable safety profile, the company said.The company plans to begin a phase 2 study focused on cardiovascular risk during H1, with initial data expected by the end of the year.BioAge also intends to launch a separate proof-of-concept trial for diabetic macular edema in mid-2026 to evaluate the treatment's effect on retinal diseases.Shares of the company rose 9% in Tuesday's premarket activity.Price: $20.49, Change: $+1.69, Percent Change: +8.99%

$BIOA

Wire64d ago

AXT Prices $550 Million Stock Offering; Shares Fall Pre-Bell

AXT (AXTI) said Tuesday it priced an underwritten public offering of about 8.6 million common shares at $64.25 per share.The underwriter had been granted a 30-day option to purchase up to about 1.3 million additional shares.Gross proceeds from the offering are estimated to be about $550 million, or about $632.5 million if the overallotment option is fully exercise.Proceeds from the offering, set to close around Wednesday, will mainly be used to support the company's Beijing Tongmei Xtal Technology unit, as well as for general corporate purposes.Shares of the company fell more than 12% premarket Tuesday.Price: $69.07, Change: $-9.69, Percent Change: -12.30%

$AXTI

Wire65d ago

IDP Education to Introduce Malaysia as Study Destination

IDP Education (ASX:IEL) expanded its range of study destinations by supporting students to study in Malaysia, according to a Tuesday statement.The company cited changing student preferences as a reason for the move, with growing demand for new destinations offering strong education quality, career outcomes, and affordable study options.The initial rollout will focus on a select number of markets as part of a phased pilot.IDP Education's shares declined 1% in recent trading on Tuesday.

ASX:IEL

Wire65d ago

Infratil Says Moody's Assigns CDC Data Centers 'Baa2' Rating, Stable Outlook

Infratil (NZE:IFT, ASX:IFT) said Moody's Ratings has assigned CDC Data Centers Australia its first public investment grade credit rating of "Baa2" with a stable outlook, according to Tuesday filings with the Australian and New Zealand bourses.The rating reflects CDC's strong financial position, stable long-term contracted revenues, and exceptionally long lease durations averaging 28.4 years, per the filing.The rating will enable CDC to improve access to capital markets, supporting further large-scale infrastructure development driven by rising demand from government, hyperscale cloud providers, and critical industries, the filing added.The company's Kiwi shares shed 1% in recent Tuesday trade.

ASX:IFTNZE:IFT

Wire65d ago

Spruce Biosciences Begins Public Offering of Stock, Prefunded Warrants; Shares Fall After Hours

Spruce Biosciences (SPRB) said late Monday it commenced an underwritten public offering of common shares or related prefunded warrants.The company expects to grant underwriters a 30-day option to buy up to 15% more stock at the public offering price, less underwriting discounts and commissions.The offering is subject to market and other conditions, Spruce said.Spruce shares fell 13% in after-hours trading.

$SPRB

Wire65d ago

Top Cryptocurrencies Rise; Bitcoin Holds Above $76,000

Major digital assets rose Monday, with Bitcoin (BTC-USD) holding above $76,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.3% in the past 24 hours. The Nasdaq 100 and the S&P 500 each declined 0.4%, and the Dow Jones Industrial Average eaed 0.2%.Bitcoin rose 1.6% to $76,270, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 44% to $39.9 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 1.3% to $2,329.XRP (XRP-USD) advanced 0.7%, BNB (BNB-USD) added 1.3%, and Solana (SOL-USD) rose 0.7%. Dogecoin (DOGE-USD) climbed 1%, while Cardano (ADA-USD) gained 0.9%.The US 10-year Treasury yield stood at 4.248% at 3 p.m. ET Monday, up from 4.242% Friday, while the five-year yield rose to 3.848% from 3.836%.The total market value of the cryptocurrency industry advanced 1.5% in the past 24 hours to $2.57 trillion, with trading volume gaining 1.5% to $155.7 billion.Price: $76284.01, Change: $+2463.90, Percent Change: +3.34%

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

Wire65d ago

Update: Market Chatter: JetBlue CEO Says Company Not Considering 2026 Bankruptcy Filing

(Updates with an internal memo reviewed byin the last two paragraphs.)JetBlue Airways (JBLU) CEO Joanna Geraghty told employees that the airline isn't considering bankruptcy filing this year, Bloomberg reported Monday, citing an internal memo.Geraghty said the airline has sufficient liquidity and access to additional capital, according to the report.The airline isn't considering filing for bankruptcy, but higher fuel prices make the operating environment more challenging than JetBlue had expected at the start of the year, Geraghty said in an internal memo reviewed by.JetBlue has liquidity and access to more sources of capital. It entered into an agreement to borrow $500 million against 22 of its aircraft last week, and it can get another $250 million if needed, but the airline is being mindful of interest expenses, according to the memo.(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: $5.77, Change: $-0.11, Percent Change: -1.79%

$JBLU

Wire65d ago

Sector Update: Consumer

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Caesars Entertainment (CZR) extended the exclusive-talks period regarding an $18 billion takeover by Tilman Fertitta, the owner of the Golden Nugget casino chain, Bloomberg reported. Fertitta has been in talks to buy Caesars for about $32 a share, the report said. Caesars shares rose 1.8%.

$CZR

Showing 6101-6120 of 6934