Financial News · Live Terminal

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Revolution Medicines' Drug Shows Survival Benefit in Pancreatic Cancer Trial; Shares Rise Pre-Bell

Revolution Medicines (RVMD) said Monday the phase 3 trial of its experimental drug, daraxonrasib, to treat a type of pancreatic cancer met key goals, showing significant improvements in progression-free and overall survival versus standard chemotherapy.The company said the drug delivered a median overall survival of 13.2 months, compared with 6.7 months for chemotherapy.The drug developer said it plans to submit the data to global regulators, including the US Food and Drug Administration, for marketing application.Shares of the company were up over 34% in Monday's premarket activity.Price: $129.87, Change: $+33.10, Percent Change: +34.32%

$RVMD

Wire77d ago

Aeluma Wins $4 Million in Contracts for US Government Semiconductor Program; Shares Rise Pre-Bell

Aeluma (ALMU) said Monday it has won more than $4 million in contracts to scale the US government's semiconductor heterogenous integration platform for quantum and high-speed datacom applications.The company said Tower Semiconductor (TSEM) and Sumitomo Chemical Advanced Technology will participate in the work involved in the contracts."These contracts provide non-dilutive funding to accelerate commercialization, and to strengthen our relationship with key government partners in making manufacturing of next-generation photonic systems more viable," said CEO Jonathan Klamkin.Shares of Aeluma rose more than 23% in premarket trading Monday.Price: $13.27, Change: $+2.51, Percent Change: +23.33%

$ALMU

Wire79d ago

Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Children's Place (PLCE) reported a fiscal Q4 adjusted loss late Friday of $1.86 per diluted share, widening from the loss of $0.75 a year earlier.One analyst polled by FactSet expected a loss of $0.96.Revenue in the three months ended Jan. 31 fell to $329.2 million from $408.6 million a year earlier.One analyst surveyed by FactSet expected $358.3 million.Children's Place shares fell 19% in after-hours trading.

$PLCE

Wire79d ago

Market Chatter: Epic Games' Fortnite Resurgence Hinges on Walt Disney Partnership

Epic Games is pinning its Fortnite rebound on its game development with Walt Disney (DIS) after rushing product releases to chase trends backfired, Bloomberg reported Friday, citing company employees.The company acknowledged that new games, Fortnite upgrades, and a new mobile store did not live up to expectations, according to the sources.The first game under the partnership with Disney is expected to launch in November, with at least two more games expected in the future, the media outlet reported.Epic Games did not immediately respond to a request for comment from.(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: $99.01, Change: $-0.79, Percent Change: -0.79%

Financial News · Live Terminal

Revolution Medicines' Drug Shows Survival Benefit in Pancreatic Cancer Trial; Shares Rise Pre-Bell

Aeluma Wins $4 Million in Contracts for US Government Semiconductor Program; Shares Rise Pre-Bell

Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Market Chatter: Epic Games' Fortnite Resurgence Hinges on Walt Disney Partnership

Top Cryptocurrencies Rise; Bitcoin Holds Above $73,000 Level

Versamet Royalties Completes Eskay Creek Gold Stream Acquisition

Whirlpool to Invest $60 Million in New Ohio Production Facility

Bristol-Myers Squibb Poised for In-Line Q1 Amid One-Off Volatility, RBC Says

Market Chatter: Nvidia Chips Allegedly Brought Into China by AI Firm Sharetronic

CCC Intelligent Shares Fall After Citigroup Downgrade

Simply Good Foods Shares Fall After Stephens Downgrade

Veeva Systems Shares Fall After Citigroup Downgrade

NICE Shares Fall After Downgrade From Citigroup

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

Similarweb Shares Fall After Citigroup Downgrade

Autodesk Shares Fall After Citigroup Downgrade

DocuSign Shares Fall After Citigroup Downgrade

Nutanix Shares Fall After Downgrade From JPMorgan

Rollins Seen Facing Softer Q1 Growth on Weather Impact, UBS Says

Shake Shack Shares Rise After Mizuho Upgrade

Revolution Medicines' Drug Shows Survival Benefit in Pancreatic Cancer Trial; Shares Rise Pre-Bell

Aeluma Wins $4 Million in Contracts for US Government Semiconductor Program; Shares Rise Pre-Bell

Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Market Chatter: Epic Games' Fortnite Resurgence Hinges on Walt Disney Partnership

Top Cryptocurrencies Rise; Bitcoin Holds Above $73,000 Level

Versamet Royalties Completes Eskay Creek Gold Stream Acquisition

Whirlpool to Invest $60 Million in New Ohio Production Facility

Bristol-Myers Squibb Poised for In-Line Q1 Amid One-Off Volatility, RBC Says

Market Chatter: Nvidia Chips Allegedly Brought Into China by AI Firm Sharetronic

CCC Intelligent Shares Fall After Citigroup Downgrade

Simply Good Foods Shares Fall After Stephens Downgrade

Veeva Systems Shares Fall After Citigroup Downgrade

NICE Shares Fall After Downgrade From Citigroup

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

Similarweb Shares Fall After Citigroup Downgrade

Autodesk Shares Fall After Citigroup Downgrade

DocuSign Shares Fall After Citigroup Downgrade

Nutanix Shares Fall After Downgrade From JPMorgan

Rollins Seen Facing Softer Q1 Growth on Weather Impact, UBS Says

Shake Shack Shares Rise After Mizuho Upgrade