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Empire Company to Renew Share Buybacks

Empire Company (EMP-A.TO) filed a notice with the Toronto Stock Exchange to buy back up to 10.8 million shares, the company said Monday.The normal course issuer bid will run from July 2 for one year and renews an existing one that expires July 1, the Canadian food retailing company added.Price: $51.12, Change: $+0.23, Percent Change: +0.46%

$EMP-A.TO

Wire39d ago

BitFuFu Board Approves Up to $5 Million Share Buyback Plan

BitFuFu (FUFU) board approved an up to $5 million share buyback plan for two years, starting Wednesday, the company said Monday.Shares of the company were 4.7% higher in early Monday trading.Price: $1.78, Change: $+0.08, Percent Change: +4.71%

$FUFU

Sectors39d ago

Natural Gas Rises as Hot Long-Term Forecasts Offer a Boost to Demand

Natural gas prices rose on Monday as long-term forecasts see hot weather coming for eastern states, offering a boost to cooling demand.Gas for July delivery was last seen up 1% to US$3.27 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see hotter than seasonal weather over its six to 14 day outlook, offering a boost to demand for power on higher air-conditioning use.The rise comes even as supply remains robust. The Energy Information Administration on Thursday reported inventories of gas stored for winter use rose by 73-billion cubic feet, near expectations, leaving inventories at 2.76-trillion cubic feet, 5.8% above the five-year average.

$NGN6$UNG

Research39d ago

Alamos Gold Price Target Lowered to $61 at TD

TD Securities lowered its price target on Alamos Gold (AGI.TO) to $61 from $78 on Monday.Analyst Steven Green maintained a Buy rating on shares of the Canadian mining company.On June 18, Alamos reduced its Q2 production guidance after saying seismic events damaged infrastructure at its Young-Davidson operation."The update is disappointing and follows a guidance miss in 2025, we believe it is now baked in the stock and Island is now ramping up," Green said in a note."The 19% decline in share price has reduced market cap by over $2.3 billion, which is ~75% of our YD NAV, so we believe this is more than baked in now," Green said.(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://finwires.com/en/contact)Price: $43.10, Change: $+1.18, Percent Change: +2.81%

$AGI.TO

US Markets39d ago

AbbVie to Acquire Apogee Therapeutics in $10.9 Billion Deal

AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal worth about $10.9 billion, as the drugmaker looks to strengthen its immunology portfolio and accelerate its clinical presence in the respiratory segment.AbbVie will pay $135.11 a share in cash for Apogee, the companies said in a joint statement Monday. Apogee's shares surged by about 47% in Monday trading, while AbbVie gained 3.7%.The transaction will give AbbVie access to Apogee's portfolio of clinical-stage candidates currently in development for the treatment of inflammatory and immunological diseases, including atopic dermatitis and asthma.The company's lead candidate, zumilokibart, for atopic dermatitis showed "clinically significant results" in a phase 2 trial. Apogee is also developing APG273, a combination of zumilokibart with the thymic stromal lymphopoietin-blocking antibody APG333, for patients with asthma."The acquisition of Apogee further builds on our existing leadership, strengthening our ability to deliver innovative medicines to patients who need better options while also creating significant long-term value for shareholders," AbbVie Chief Executive Robert Michael said in a statement. "Apogee's pipeline adds highly differentiated clinical-stage assets, further expanding our robust immunology portfolio."The deal, which requires approval from regulators and clearance from Apogee's shareholders, is expected to close in the third quarter. AbbVie said the acquisition will be accretive to its adjusted earnings per share starting in 2032."This transaction reflects the strength of Apogee's vision, our team's dedication and the significant progress we've made advancing zumilokibart and our differentiated pipeline," Apogee CEO Michael Henderson said. "This transaction delivers substantial shareholder value and positions our programs to reach their full potential."In May, Apogee reported a first-quarter net loss of $74.1 million, compared with a loss of $55.3 million a year earlier. In the same month, the company announced a strategic financing collaboration with Blackstone (BX) Life Sciences for up to $1.3 billion to support the clinical development and potential commercialization of zumilokibart.AbbVie raised its full-year outlook in April as the biopharmaceutical company recorded better-than-expected first-quarter results.

$ABBV$APGE

Sectors39d ago

Gold Drops as Dollar Rises to a 13-Month High After Fed Signaled Higher Interest Rates Could Be Coming

Gold traded lower early Monday as the U.S. dollar climbed to its highest level in more than a year, extending gains after the Federal Reserve signaled it could raise interest rates later this year to curb inflation.Gold for December delivery was last seen down 0.5% to US$4,225.00 per ounce."For now, the yellow metal remains stuck in technical limbo, trading between key support at USD 4,000-4,100 and resistance from the 200-day moving average, currently near USD 4,466," Saxo Bank noted.The dollar edged up early to the highest since May 2025. The ICE dollar index was last seen up 0.05 points to 100.91. Treasury yields were sharply higher, with the U.S. two-year note last yielding 4.228%, up 4.1 basis points, while the 10-year Treasury yield rose 3.8 basis points to 4.498%.

$GCN6$GLD

Wire39d ago

Sharplink Prices $75 Million Registered Direct Offering

SharpLink Gaming (SBET) priced a registered direct offering Monday of up to about 10 million shares and warrants at $7.49 each for gross proceeds of approximately $75 million.The company said the price represents a 41% premium to its closing share price of $5.29 on June 18.Net proceeds from the offering, which is set to close around Tuesday, will be used for working capital and other general corporate purposes.Shares of SharpLink Gaming were up 4% in early trading Monday.Price: $5.50, Change: $+0.21, Percent Change: +3.97%

$SBET

Insider Trading39d ago

Rex American Resources Insider Sold Shares Worth $662,770, According to a Recent SEC Filing

Stuart A Rose, Director, Executive Chairman Of the Board, on June 18, 2026, sold 15,186 shares in Rex American Resources (REX) for $662,770. Following the Form 4 filing with the SEC, Rose has control over a total of 2,901,418 common shares of the company, with 573,094 shares held directly and 2,328,324 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/744187/000093696926000008/xslF345X05/primary_doc.xmlPrice: $43.96, Change: $+0.17, Percent Change: +0.39%

$REX

Wire39d ago

UMB Financial Unit Signs Partnership Deal With iCapital

UMB Financial's (UMBF) UMB Fund Services unit has signed an integrated partnership deal with fintech firm iCapital to expand the deployment of distributed ledger technology into the operating layer of fund administration, iCapital said Monday.Financial terms were not disclosed.iCapital said the deal will extend its blockchain-enabled network to support UMB Fund Services' platform, using a shared data framework intended to improve operational efficiency and scalability.Price: $134.32, Change: $+1.26, Percent Change: +0.94%

$UMBF

Sectors39d ago

Treasury Authorizes Production, Delivery, Sale of Iranian Oil, Petro Products

Commodities39d ago

Nextpower Acquires Solar Technology Company Zimmerman in $378 Million Deal

Solar and power technology solutions provider Nextpower (NXT) has agreed to acquire Germany-based solar technology provider Zimmermann PV-Steel Group in a cash and stock deal worth about $330 million euros ($378 million), Nextpower said on Monday.Founded in 1950, Zimmermann has deployed 20 gigawatts of generation capacity, delivering over 2,500 solar projects across 58 countries, Nextpower said in a statement.The transaction is expected to close in the second half of Nextpower's fiscal 2027, subject to customary closing conditions including required regulatory review.This deal, along with the recent launch of Nextpower's NX Gemini two-in-portrait tracker, are expected to more than double the company's opportunities in Europe, the statement said.

$NXT

Oil & Energy39d ago

EMEA Oil Update: Oil Plunges Over 2% After Tehran Secures Export Waivers

Oil prices fell more than 2% on Monday as high-level US-Iran talks in Switzerland continue to temper risk premium.Brent crude futures declined by 2.3% to $78.74 per barrel, while Murban oil futures fell 2.9% to $71.51/bbl.American and Iranian delegations completed their opening round of dialogue in Switzerland on Monday. Both sides structured a roadmap to sustain a fragile April truce for an additional 60 days.This 60-day roadmap includes creating an oversight committee for technical talks, opening a direct communication line to protect tankers in the Strait of Hormuz, and setting up a dedicated safety cell to track the conflict in southern Lebanon while a permanent treaty is negotiated."Oil and petrochem exports are waived, blockade lifted, some frozen assets released, and major reconstruction & development plan launched for Iran," the Iranian Foreign Minister Seyed Abbas Araghchi posted on X.However, escalating conflict in southern Lebanon sparked temporary doubts about the pact, briefly pushing Brent back above the $80 threshold before it slipped again."Despite a bumpy start, with Trump issuing fresh warnings towards Iran and Tehran responding with renewed threats to close the Strait of Hormuz, negotiations nevertheless showed signs of progress," Saxo Bank analysts noted.The market is actively bracing for the reopening of the Strait of Hormuz, which will release millions of stranded barrels currently trapped in the Persian Gulf."That expectation helped drive a sharp increase in bearish positioning, with hedge funds raising gross Brent short positions to a pandemic-era high in the week to 16 June," Saxo Bank analysts added.Last week crude prices declined below $80 per barrel to a three-month low after an interim US-Iran peace deal dismantled the Persian Gulf blockade.

Mining & Metals39d ago

Mirasol Resources Identifies High-Priority Drill Target at Sobek Project in Chile

Mirasol Resources (MRZ.V) identified the VN-Zone as a high-priority drill target at the Sobek copper-gold-silver project in Chile following the completion of an exploration season.Mirasol made the distinction based on the reinterpretation of a geophysical survey and strong gold-copper surface mineralization, the mineral exploration company said Monday.Drilling at the 46 South target confirmed a hydrothermal system with anomalous copper/gold intervals, while the Green Wall prospect is being reexamined as a potential expression of a more extensive concealed copper-rich mineralized system, according to Mirasol."We continue to prioritize drill targets while advancing the Sobek geological model by integrating data acquired from our exploration programs and leveraging insights gained from neighboring discoveries across the Vicuna District," Mirasol President Tim Heenan said.

$MRZ.V

Oil & Energy39d ago

US-Iran War Has Structurally Altered Hormuz Transit, Kpler Says

The US-Iran war has caused a "structural shift" in the commercial, legal, and operational aspects of vessel transit through the Strait of Hormuz, Kpler said on Friday.The US blockade has significantly cut the number of visible crossings through the passage. Kpler noted that crossings totaled 189 during the first 12 days of the campaign, a 92% plunge relative to the 2,310 recorded during the June 2025 conflict.The research firm said that around 500 vessels remain stuck in the Gulf.The recent crisis "has produced a passage environment where vessels may move but their movements cannot always be trusted, verified or defended," shifting away from the conventional assessment that simply relies on whether the Strait is open or closed, Kpler said.This vessel "behavior" changes how maritime risk and compliance processes should evolve, according to the research firm.Counterfeit satellite signals, or GNSS spoofing, peaked at above 3,000 in a single day in early March following the onset of the Middle East conflict, Kpler data showed, with only 6.4% of observed vessel crossings between March 1 and May 19 using the route designated by the International Maritime Organization's Traffic Separation Scheme.With these observations, the research firm noted that a marine insurance provider's commercial terms "may make transit economically irrational," while "sanctions risks can crystallize at the point of coordination with Iranian authorities" even before a payment is made.As such, Kpler highlighted that vessel behavior has become the primary signal for risk assessments, rather than political or diplomatic announcements.

Sectors39d ago

Sector Update: Energy Stocks Decline Premarket Monday

Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 1.1% higher.Front-month US West Texas Intermediate crude oil was 1.5% lower at $74.72 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2.1% to $78.85 per barrel, and natural gas futures were up 1.3% at $3.27 per 1 million British Thermal Units.Chevron (CVX) said it has signed a 20-year agreement with Microsoft (MSFT) to supply natural gas-fired power for a planned West Texas data center campus. Chevron shares were up 0.6% pre-bell.Baker Hughes (BKR) and Chart Industries (GTLS) confirmed that they are in talks with the European Commission over "possible commitments" for the Commission's approval of the companies' acquisition transaction, Chart Industries said in a filing. Baker Hughes stock was 0.3% lower premarket.

$BKR$CVX$GTLS$MSFT$UNG$USO$XLE

Mining & Metals39d ago

Westport Fuel Systems Drops 19% in US Pre-Market After Registered Direct Offering, Private Placement

Westport Fuel Systems' (WPRT.TO, WPRT) U.S.-listed shares dropped at least 19% pre-market after it entered into a definitive securities purchase agreement for the purchase and sale of 4.9-million common shares in a registered direct offering and, in a concurrent private placement, warrants to purchase up to 4.9-million common shares, priced at-the-market under Nasdaq rules, on Monday, to raise about US$10 million.The combined effective purchase price for each common share and associated private placement warrant is US$2.06, it said. The private placement warrants will be immediately exercisable and will expire two years following the date of issuance, it added.Closing of the offering is expected on or about Tuesday, subject to some terms. The company plans to use proceeds for working capital and other general corporate needs.Shares of the company closed up 0.6% to C$3.24 on Friday on the Toronto Stock Exchange.

$WPRT.TO

Sectors39d ago

Sector Update: Financial Stocks Decline Premarket Monday

Financial stocks were declining premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.Robinhood Markets (HOOD) stock was down more than 1% after the company said it plans to offer $2 billion worth of convertible senior notes due 2029 in a private placement.Brookfield (BN) is seeking a loan of 750 million Australian dollars ($525.1 million) to fund a payout to investors of La Trobe Financial and refinance existing debt, Bloomberg reported, citing unnamed people familiar with the matter. Brookfield shares were 1% higher pre-bell.Carlyle Group (CG) is working with its portfolio managers to proactively evaluate and then possibly de-risk assets from weather-related damage, Bloomberg reported. Carlyle Group stock was up more than 3% premarket.

$BN$CG$FAS$FAZ$HOOD$XLF

Mining & Metals39d ago

Great-West Lifeco Raises C$200 Million in Preferred Shares Offering

Great-West Lifeco (GWO.TO) closed its sale of 8 million preferred shares, raising C$200 million, the company said Monday.The offering includes the full exercise of the underwriters' option. The preferred shares will yield 5.7% per annum and be listed for trading on the Toronto Stock Exchange.Proceeds will be used for general corporate purposes.

$GWO.TO

Sectors39d ago

Sector Update: Healthcare Stocks Flat to Lower Premarket Monday

Healthcare stocks were flat to lower premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.1% and the iShares Biotechnology ETF (IBB) inactive.AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) for $135.11 per share in cash for a total equity value of $10.9 billion. Shares of Apogee Therapeutics were up nearly 47% pre-bell, while AbbVie rose 2.3%.Definium Therapeutics (DFTX) shares were up more than 60% after the company said the phase 3 Emerge trial of a single 100-microgram dose of DT120 orally disintegrating tablet in major depressive disorder met the primary endpoint, along with all key secondary efficacy endpoints.MapLight Therapeutics' (MPLT) phase 2 trial of ML-004 in autism spectrum disorder failed to meet its primary endpoint in social communication, the company said. MapLight Therapeutics stock was up 1.6% premarket.

$ABBV$APGE$DFTX$IBB$MPLT$XLV

Research39d ago

Canaccord Genuity Downgrades Apogee Therapeutics to Hold From Buy, Adjusts Price Target to $135.11 From $130

Apogee Therapeutics (APGE) has an average rating of buy and mean price target of $119.50, 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://finwires.com/en/contact)

$APGE

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US Markets39d ago

AbbVie to Acquire Apogee Therapeutics in $10.9 Billion Deal

$ABBV$APGE