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Boeing 787-9 Dreamliner Nose Gear Retracts at Frankfurt Airport Gate, Lufthansa Says

A Boeing (BA) 787 Dreamliner's nose gear unexpectedly retracted while parked at a gate at Frankfurt airport, aircraft operator Lufthansa said.Several crew members and ground staff who were on board the aircraft sustained injuries and are undergoing medical treatment, Lufthansa said Thursday in an emailed statement to.The incident occurred before passengers had boarded the aircraft, which was scheduled to depart for Los Angeles as flight LH450, Lufthansa said."We are currently investigating the exact circumstances together with the relevant authorities," Lufthansa said.Boeing and Frankfurt Airport did not immediately respond to requests for comment from.Price: $217.13, Change: $+6.55, Percent Change: +3.11%

$BA

Wire25d ago

Market Chatter: General Motors Rehires Over 100 Former Cruise Team Members

General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported Thursday, citing Rashed Haq, GM's vice president of autonomous vehicles.The hiring spree, which also includes workers hired away from Nvidia (NVDA), Uber Technologies (UBER) and Amazon's (AMZN) Zoox, reflects the company's move toward self-driving cars for consumers' personal use and away from the driverless ride-hailing business, Haq said, according to the report.The reconstituted group's first project will be an electric Cadillac that allows the driver to operate the car on highways while not touching the wheel or watching the road, the report said. GM plans to release it in 2028, with additional models to follow, the report added.GM didn't immediately reply 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: $83.50, Change: $+1.80, Percent Change: +2.20%

$AMZN$GM$NVDA$UBER

Wire25d ago

Veru Enters Supply Agreement With Novo Nordisk for Obesity Study; Shares Surge

Veru (VERU) said Thursday in a regulatory filing that it entered a clinical supply agreement with Novo Nordisk (NVO) to support its phase 2b PLATEAU study evaluating enobosarm in combination with Novo's Wegovy in older adults with obesity undergoing weight loss treatment.Under the agreement, Novo Nordisk will provide Wegovy free of charge for the study, while Veru will sponsor and conduct the trial and share clinical study updates and insights related to obesity and weight management research, the filing shows.Veru said it retains global development and commercialization rights to enobosarm, while Novo Nordisk received a right of first negotiation if Veru seeks to develop, commercialize or license enobosarm in combination with Novo Nordisk GLP-1 products in the future.Shares of Veru rose 155% in Thursday trading.Price: $5.52, Change: $+3.27, Percent Change: +145.47%

$NVO$VERU

Wire25d ago

General Motors Rehires Over 100 Former Cruise Team Members, The Information Reports

$GM

Wire25d ago

Market Chatter: Merck to Pay Over $50 Million to Settle More Than 200 Gardasil Cases

Merck (MRK) said Thursday it will pay over $50 million to settle more than 200 lawsuits that blame the drugmaker's Gardasil cancer vaccine for causing autoimmune ailments in young women, Bloomberg reported, citing an emailed statement from the company.Gardasil prevents human papillomavirus infections. The lawsuits allege it can cause autoimmune conditions affecting the heart and reproductive systems in young women, according to the report.Merck didn't immediately reply to a request for comment from.Price: $119.28, Change: $+4.58, Percent Change: +3.99%

$MRK

Wire25d ago

RBC Maintains The Descartes Systems Group's Outperform Rating and US$126.00 Price Target

RBC Capital Markets maintained its outperform rating and US$126.00 price target on the shares of The Descartes Systems Group (DSG.TO, DSGX) on Thursday, after the company reported its fiscal 2027 first-quarter financial results on Wednesday.Descartes delivered another beat and raise, said RBC and added that organic growth "continued to strengthen, despite a mixed global trade environment."Strengthening organic growth validates Descartes's innovation and value proposition, said RBC. Organic growth strengthened to ~9% from 8% last quarter, despite reduced global freight shipments in the quarter, added RBC."Increased organic growth stems from adoption of Descartes's trade content, e-commerce solutions, routing & scheduling amid higher fuel costs, and freight visibility (i.e., MacroPoint)," said RBC.Descartes's customers are "increasingly utilizing more software" to help manage their operations, in light of increasing supply chain complexity and disruptions, RBC stated.Descartes is investing in the development of a new agentic AI layer on top of its core network, noted RBC.RBC believes AI agents leading to automated workflow will "increase the value and stickiness" of Descartes's network, while also creating new consumption-based revenue streams."AI agents increase visibility to the moat around Descartes's core business in an AI era," said RBC.RBC sees "compelling risk-reward, given healthy organic growth, continued margin expansion, and the likelihood of additional M&A," it said."With Descartes trading at the low end of its historical valuation range, we see attractive risk-reward on the stock," added RBC.Price: $110.10, Change: $+7.22, Percent Change: +7.02%

$DSG.TO$DSGX

Wire25d ago

Merck to Pay Over $50 Million to Settle More Than 200 Gardasil Cases, Bloomberg Reports

$MRK

Wire25d ago

Meta Platforms' Instagram Launches Optional Subscription Tier With New Customization Features

Meta Platforms' (META) Instagram is rolling out Instagram Plus globally, a new optional subscription tier offering exclusive features for users who want more control and customization.The subscription adds new audience controls, story-engagement insights, and profile-customization options, with the free version unchanged, Instagram said Thursday in a statement.Pricing for Instagram Plus has been reported at $3.99 per month by several media outlets.Price: $632.05, Change: $+9.07, Percent Change: +1.46%

$META

Wire25d ago

Market Chatter: Goldman Sachs Sees SpaceX's AI Revenue Rising to $322 Billion by 2030

Goldman Sachs Group (GS) projects that SpaceX's (SPCX) $1.78 trillion initial public offering valuation depends on its artificial intelligence revenue growing about 100 times to $322 billion by 2030, the Financial Times reported Thursday.SpaceX's AI revenue is expected to rise 388% to $15.6 billion in 2026 and reach $34.5 billion in 2027, while total revenue is projected to rise to $474 billion in 2030 from $18.7 billion in 2025, the report said, citing projections discussed by the bank with a potential investor.The bank also projects revenue from Starlink and the rocket business at $144 billion and $8.3 billion, respectively, in 2030, while adjusted earnings before interest, taxes, depreciation, and amortization are forecast to surge to $352 billion in 2030 from $6.6 billion in 2025, the report said.Goldman Sachs declined to comment, while SpaceX didn't immediately reply to' request for comment.(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: $1087.44, Change: $+46.42, Percent Change: +4.46%

$GS$SPCX

Wire25d ago

Raymond James Adjusts Price Target on Ciena to $530 From $320, Maintains Outperform Rating

Ciena (CIEN) has an average rating of overweight and mean price target of $488.51, 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: $517.52, Change: $-102.85, Percent Change: -16.58%

$CIEN

Wire25d ago

Macquarie Adjusts Price Target on CrowdStrike Holdings to $660 From $400, Maintains Neutral Rating

CrowdStrike Holdings (CRWD) has an average rating of overweight and mean price target of $646.71, 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: $700.48, Change: $-47.13, Percent Change: -6.30%

$CRWD

Wire25d ago

Celsius Faces Texas AG Investigation Over Marketing of High-Caffeine Drinks

Celsius (CELH) is facing an investigation by Texas Attorney General Ken Paxton over the company's marketing practices related to its energy drinks containing high levels of caffeine, the attorney general's office said in a Thursday statement.The office said Celsius and its subsidiary Alani Nutrition market energy drinks using youth-oriented packaging and branding, despite products containing high caffeine levels. It said this raises concerns over whether the company is marketing a potentially harmful product to children and adolescents.Paxton said the office will investigate whether Celsius and Alani misled consumers regarding the safety of their products in violation of the Texas Deceptive Trade Practices Act.Celsius did not immediately respond to a request for comment from.Shares of Celsius were down 4.5% in Thursday afternoon trading.Price: $28.66, Change: $-1.36, Percent Change: -4.52%

$CELH

Wire25d ago

Market Chatter: Snap Acquires Augmented Reality Firm Illumix

Snap (SNAP) has acquired spatial augmented reality firm Illumix, as the parent company of Snapchat looks to boost its AR efforts, Variety reported Thursday.Under the terms of the deal, Snap will use Illumix's technology and platform toward its revamped Specs glasses, and will retain most of Illumix's staff, the report said.Financial details related to the acquisition were not disclosed, according to the report.Snap did not immediately respond to' request for comment.(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: $6.11, Change: $+0.38, Percent Change: +6.63%

$SNAP

Wire25d ago

Medtronic Positioned for Potential Upside to Fiscal 2027 Guidance, RBC Capital Markets Says

Medtronic (MDT) could deliver upside to fiscal 2027 guidance as cardiac ablation, renal denervation, Hugo, Stealth AXiS, and Altaviva momentum support growth, RBC Capital Markets said in a note Wednesday.Medtronic beat fiscal Q4 estimates, delivering 6.6% organic revenue growth and adjusted earnings of $1.55 per share. Cardiac ablation solutions led the beat, with sales up 78% from a year earlier and US growth of 124%, the brokerage said.Management's fiscal 2027 guidance came in below consensus, but several growth drivers are improving at the same time, including renal denervation that analysts described as underappreciated, according to the note.The brokerage said it now models fiscal 2027 adjusted sales growth of 7.1% and adjusted earnings of $5.96 per share.RBC Capital Markets maintained its outperform rating and $118 price target on the stock.Shares of Medtronic were up more than 4% in Thursday trading.Price: $81.58, Change: $+3.63, Percent Change: +4.66%

$MDT

Wire25d ago

Broadcom's AI Revenue Outlook Falls Short of High Bar, RBC Says

Broadcom's (AVGO) Q3 AI revenue outlook likely fell short of investor expectations, while its Q2 results were slightly ahead of consensus, RBC Capital Markets said in a Thursday note.The report said the company's decision to reiterate and not to raise fiscal 2027 AI outlook was also a surprise, especially given the robust demand backdrop."We do not see any structural issues and surmise that power/data center constraints and conservatism are playing a role," the report said."Whatever the case, we expect the stock to remain range bound given limited near-term upside potential, premium valuation to NVDA, and lack of incremental catalysts," it added.RBC raised its price target to $400 from $360, while reiterating its sector perform rating.Price: $414.54, Change: $-64.70, Percent Change: -13.50%

$AVGO

Wire25d ago

Figure Technology Secures $250 Million Commitment From Cross River Bank to Support Crypto-Backed Loans

Figure Technology Solutions (FIGR) and Cross River Bank have established a forward-flow agreement under which the bank's Principal Finance Group has committed to purchasing up to $250 million in assets to support Figure's crypto-backed loans, Cross River said Thursday.The agreement provides Figure with committed capital to offer consumers US dollar liquidity without requiring them to sell their cryptocurrency holdings, Cross River said.Through Figure's crypto-backed loan product, borrowers can use their digital assets as collateral to access financing while maintaining ownership of those assets, the company said.Figure Technology shares were 1.5% higher in Thursday trading.Figure Technology Solutions shares were up 2.4% in Thursday trading.Price: $31.76, Change: $+0.78, Percent Change: +2.52%

$FIGR

Wire25d ago

CrowdStrike Delivers Strong Q1 on AI Momentum, RBC Says

CrowdStrike Holdings' (CRWD) fiscal Q1 results delivered a strong start to the year as the company boosted guidance for annual recurring revenue after a quarterly beat, supported by AI momentum, RBC Capital Markets said Thursday in a report.The ARR result still fell short of the market's elevated expectations, tied to optimism around the company's Mythos and Glasswing initiatives, the report said. Management raised its full-year ARR outlook by far more than the size of the quarterly beat, reflecting growing confidence in AI-driven demand and the sales pipeline, RBC said."Despite the run in shares, we still favor the name as a cybersecurity consolidator with tangible AI tailwinds and accelerating growth/improving profitability on estimates we believe are still biased upward," the report said.Management described Mythos, the company's new AI-native architecture, as an inflection point. While it did not materially affect Q1 results, it contributed to a record Q2 pipeline and supported the full-year guidance increase, RBC said.AI tailwinds remain strong, with AI-driven detection and response more than tripling from the previous quarter and the Q2 pipeline exceeding $50 million, the report said.RBC raised its price target on CrowdStrike stock to $755 from $650 and maintained its outperform rating.Price: $694.14, Change: $-53.48, Percent Change: -7.15%

$CRWD

Wire25d ago

Honeywell Aerospace Spin-Off Seen Supporting Growth, Margins on Standalone Focus, RBC Says

Honeywell International's (HON) planned spin-off of its aerospace business, Honeywell Aerospace, could support revenue and margin growth through a renewed standalone focus, RBC Capital Markets said.The firm said in a Wednesday note that Honeywell Aerospace outlined organic growth targets of 7% to 9% for 2026 and adjusted EBIT of $4.65 billion to $4.75 billion. It also set 2030 targets of 6% to 8% compound annual organic growth and adjusted EBIT above $6.5 billion, according to analyst meetings held in Phoenix earlier this month.RBC said key growth drivers include about $90 billion in new wins, supply chain improvements and strong industry fundamentals. Management also highlighted improved execution and a new operating system designed to drive continuous improvement, integrate supply chains and improve productivity.The company expects low maintenance capital expenditure of around 1% to 2% of sales and plans to balance capital allocation across organic investment, dividends, bolt-on acquisitions, and share buybacks. RBC said adjusted EBIT is expected to grow faster than revenue through 2030.RBC has an outperform rating on the stock with a price target of $268.Price: $220.67, Change: $-2.59, Percent Change: -1.16%

$HON

Wire25d ago

Ollie's Bargain Outlet Growth Prospects Intact Despite Weak Q2 Trends, RBC Says

Ollie's Bargain Outlet's (OLLI) long-term growth prospects remain intact despite softer Q2 trends and weather-related sales pressures, RBC Capital Markets said in a report emailed Thursday.The firm said Ollie's fiscal Q1 comparable sales growth of 1.7% was "in-line to slightly better" than buyside expectations and gross margin expanded 80 basis points to 41.9% on lower supply chain and tariff costs, while weather-related weakness in the South masked stronger demand trends in regions with more normal conditions.While fiscal Q2 sales trends are "running below" management's guidance, the firm said much of the "actual risk" to 2026 earnings is already reflected in the stock. The firm currently forecasts adjusted earnings per share of $4.42 in 2026 and $5.07 in 2027, the report said.RBC maintained an outperform rating on Ollie's Bargain Outlet, with an unchanged price target of $152.Price: $76.01, Change: $-3.74, Percent Change: -4.68%

$OLLI

Wire25d ago

Netskope's ARR Growth Stabilization Remains in Focus, RBC Says

Netskope's (NTSK) AI security products remain a compelling opportunity, but RBC Capital Markets is looking for annual recurring revenue growth stabilization, an uptick in net revenue retention and execution around sales representative ramps, the brokerage said Thursday.While there is some near-term pressure, RBC believes early traction around AI security products and an attractive valuation creates a compelling thematic opportunity, according to the note.Fiscal Q1 revenue topped expectations by about $3 million, while midpoint revenue guidance rose nearly $8 million as management pointed to increasing sales capacity, momentum around new logo growth, traction around new products, and strong demand, according to the note.RBC said the ramp of sales representatives and AI pipeline should provide an opportunity for net revenue retention to move closer to mid-teens in the back half of fiscal 2027.RBC kept an outperform rating on Netskope and lowered the price target to $13 from $14.Shares of Netskope were down more than 15% in Thursday trading.Price: $10.46, Change: $-1.94, Percent Change: -15.65%

$NTSK

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