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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.Price: $882.98, Change: $-36.93, Percent Change: -4.01%

$LLY

Wire152d 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

Wire152d 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

Wire152d 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

Wire152d 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

Wire152d 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

Wire153d 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

Wire153d 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

Wire153d 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

Wire153d 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

Wire153d 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

Wire153d 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

Wire153d ago

Diamond Hill Investment Announces First Eagle Merger Close

Diamond Hill Investment Group (DHIL) said in a late Friday filing that following shareholder meetings to approve new investment management agreements with Diamond Hill Capital Management, it has received the consent of over 78% of its clients to complete the merger.As disclosed on Dec. 10, DHIL entered into a merger agreement with First Eagle Investment Management and Soar Christopher Holdings, where Soar Christopher will merge with and into DHIL. DHIL will function as a wholly owned subsidiary of First Eagle Investment, according to the filing.DHIL has satisfied all conditions for the merger, and the parties plan to close the merger on Wednesday, the filing said.Price: $175.00, Change: $+1.86, Percent Change: +1.07%

$DHIL

Wire153d ago

Hasbro's Q1 Results to Focus on Wizards of the Coast Demand Strength, Cost Increases, UBS Says

Hasbro's (HAS) Q1 results will focus on strong demand in its Wizards of the Coast unit and how the company frames higher resin and freight costs for the profit and loss statement on a run-rate basis, UBS Securities said in a note Monday.UBS said demand strength in the Wizards of the Coast was driven by "Teenage Mutant Ninja Turtles," along with "Secrets of Strixhaven" showing strong presale numbers in Q1.UBS said that overall focus on margins is expected, given resin price inflation and freight and distribution cost increases, adding that it estimates every 10% rise in resin costs is around $0.08 in earnings per share, while every 10% increase in both inbound and outbound freight is around $0.09 of EPS for Hasbro.UBS added it expects Hasbro to keep its topline guidance for 2026, even if the company faces a slight supply chain disruption.UBS maintained its buy rating with a $110 price target.Price: $95.34, Change: $-1.81, Percent Change: -1.86%

$HAS

Wire153d ago

Hess Midstream Shares Fall After Goldman Sachs Downgrade

Hess Midstream (HESM) shares were down 2.1% in Monday trading after Goldman Sachs downgraded the company's stock to sell from neutral and adjusted its price target to $32 from $36.Trading volume stood at more than 1.3 million shares, compared with a daily average of about 1.6 million shares.Price: $37.00, Change: $-0.87, Percent Change: -2.30%

$HESM

Wire153d ago

Ally Financial Q1 Trends Support Stronger Returns Outlook, RBC Says

Ally Financial's (ALLY) Q1 core trends were solid, with improving credit metrics and management maintaining confidence in margin expansion over the remainder of the year, which should support higher returns by the end of 2026, RBC Capital Markets said.Q1 adjusted EPS of $1.11 was impacted by a net $0.18 of adjusting items, including fair value adjustments and original issue discount. Core fundamentals were positive, and RBC anticipates margin trends and credit expectations driving improved returns.On credit, retail auto metrics are improving, and RBC expects the year-to-date trends to help Ally Financial achieve its full-year outlook. Other highlights included strong retail loan applications, expense control, an active share repurchase program, and optimism around recent capital proposals, the brokerage said Friday in a note.Guidance assumes a full-year margin of 3.60% to 3.70%, implying increases over the rest of the year, a 2% to 4% increase in average earning assets, flat to a 5% increase in other revenues, and a 1% increase in expenses, according to the note.RBC raised its 2026 EPS estimate to $5.50 from $5.40 and 2027 estimate to $6.55 from $6.50.The firm maintained an outperform rating on Ally Financial with a price target of $52.Price: $46.37, Change: $+1.01, Percent Change: +2.23%

$ALLY

Wire153d ago

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

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.JetBlue Airways did not immediately respond to a request for comment by.(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: $5.80, Change: $-0.08, Percent Change: -1.28%

$JBLU

Wire153d ago

Air Products and Chemicals Shares Rise After Berenberg Upgrade

Air Products and Chemicals (APD) shares were up about 1.5% in Monday trading after Berenberg upgraded the stock to buy from hold and raised its price target to $350 from $275.Trading volume stood at more than 406,000 shares, versus a daily average of about 1.4 million.Price: $296.03, Change: $+4.22, Percent Change: +1.45%

$APD

Wire153d ago

WaterBridge Shares Rise After Goldman Sachs Upgrade

WaterBridge Infrastructure (WBI) shares were up over 6% in Monday trading after Goldman Sachs upgraded the stock to buy from neutral and raised its price target to $32 from $26.Trading volume stood at more than 482,000 shares, compared with a daily average of about 866,000.Price: $26.83, Change: $+1.69, Percent Change: +6.70%

$WBI

Wire153d ago

UnitedHealth Group Launches National Rural Healthcare Expansion Initiatives

UnitedHealth Group (UNH) said Monday it launched national rural healthcare expansion initiatives to help lower costs, simplify paperwork, alleviate staffing shortage, and improve access to quality care.The initiatives are expected to help independent rural hospitals improve cash flow and financial stability, the company said.The initiatives will speed payments by up to 50% for around 1,500 rural and critical access hospitals and exempt rural providers from most medical prior authorization requirements, according to the company.UnitedHealth, which initiated its Rural Payment Acceleration Pilot in four states in January, said the pilot will immediately expand to Alabama, Arkansas, Kentucky, Virginia and West Virginia.Price: $322.61, Change: $-2.02, Percent Change: -0.62%

$UNH

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