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Northland Securities Initiates Coverage on NeoVolta With Outperform Rating, $15 Price Target

Weekly US Crude Inventories Drop by 7.2 Million Barrels, EIA Says

US commercial crude oil inventories decreased by 7.2 million barrels to 404.5 mmbbls in the week ended July 24, the Energy Information Administration said in its weekly report on Wednesday.Crude inventories were about 7% below the five-year average for this time of year, the EIA said. The decrease was above Macquarie's estimate of a 2.5-mmbbl draw for the week ended July 24.

Wire14d ago

SuperCom Wins New Electronic Monitoring Contract in New York

SuperCom (SPCB) said Wednesday it was awarded a county-level electronic monitoring contract in New York.Under the contract, the company said it will deploy its PureOne platform by September to support the county's electronic monitoring initiative.The contract follows a recurring revenue model based on daily active units and is the sixth award in New York since mid-2024, the company said.Shares of the company were up more than 2% in Wednesday trading.Price: $10.71, Change: $+0.22, Percent Change: +2.10%

$SPCB

Wire14d ago

Macquarie Adjusts Price Target on Core Scientific to $38 From $35, Maintains Outperform Rating

Core Scientific (CORZ) has an average rating of buy and mean price target of $35.51, 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://finwires.com/en/contact)Price: $19.09, Change: $-1.66, Percent Change: -8.00%

$CORZ

Wire14d ago

Criteo Completes Luxembourg Redomiciliation, Approves Plan for US Domicile

Criteo (CRTO) said Wednesday it completed the transfer of its legal domicile from France to Luxembourg via a cross-border conversion, effective Wednesday.In connection with the conversion, Criteo terminated its American depositary share program, with each holder of ADSs receiving one ordinary share per ADS, the company said.The ordinary shares will begin trading directly on Nasdaq under the ticker symbol "CRTO" upon market open Wednesday, the company added.Following the conversion and the completion of its works council consultation, the board approved the transfer of the company's legal domicile from Luxembourg to the United States, which will be carried out via a cross-border merger with and into a wholly owned US subsidiary, Criteo said.The US merger is subject to shareholder approval and other conditions, and is expected to be completed in January 2027.Criteo said it expects to move the listing of its common stock from Nasdaq to the New York Stock Exchange, effective upon completion of the US merger and subject to applicable listing requirements.Price: $21.69, Change: $+0.54, Percent Change: +2.55%

$CRTO

Wire14d ago

Titan Mining Has Preliminary Accord to Supply Graphite Products to US Manufacturer

Titan Mining (TII) unit Empire State Mines has a nonbinding letter of intent to supply natural graphite products from its planned Kilbourne facility in Gouverneur, New York, to an undisclosed US aerospace and defense manufacturer.The agreement remains subject to conditions including completion of a feasibility study, securing project financing and obtaining regulatory approvals, Titan said Wednesday in a statement.Price: $1.94, Change: $-0.02, Percent Change: -1.28%

$TII

Wire14d ago

Smith+Nephew's TESSA Spatial Surgery System Gets US FDA De Novo Classification

Smith+Nephew (SNN) said Wednesday it has obtained De Novo classification by the US Food and Drug Administration for its TESSA spatial surgery system.The system uses computing and AI technology to support personalized planning, augmented reality, advanced imaging and other features to back arthroscopic procedures, the company said.The system's first indication for use is femoral anterior cruciate ligament reconstruction surgery of the knee, according to the company.The system will be launched in Q3 2026 and will see wider deployment next year, the company said.Price: $32.54, Change: $-0.03, Percent Change: -0.08%

$SNN

Wire14d ago

Moleculin Biotech Files Registration Statement for Public Offering; Shares Fall

Moleculin Biotech (MBRX) filed a registration statement Wednesday with the US Securities and Exchange Commission for the sale of shares and warrants to raise net proceeds of an estimated $9.1 million.The company said it proposes to sell up to 4.6 million common shares at an assumed offering price of $2.19 apiece. It is also offering 4.6 million prefunded warrants and 13.7 million common warrants.Each share is being offered together with three common warrants, each to purchase one share of common stock, the company said.Moleculin said it intends to use the net proceeds to advance its Annamycin chemotherapy drug through clinical development and for working capital.The offering is expected to close on Aug. 14, the company said.Shares of the company were down 36% in Wednesday trading.Price: $1.38, Change: $-0.81, Percent Change: -36.99%

$MBRX

Wire14d ago

Wedbush Adjusts Damora Therapeutics Price Target to $40 From $35, Maintains Outperform Rating

Damora Therapeutics (DMRA) has an average rating of Buy and mean price target of $44.11, according to analysts polled by FactSet.Price: $29.32, Change: $-0.10, Percent Change: -0.34%

$DMRA

Wire14d ago

GlobalFoundries Expects $300 Million US Award to Advance Silicon Photonics Research

GlobalFoundries (GFS) said Wednesday it signed a letter of intent with the US Department of Commerce for a proposed $300 million CHIPS Research and Development award to advance silicon photonics for artificial intelligence.The funding would support research into silicon photonics wafer technologies, optical materials and advanced packaging, including 3D hybrid bonding, the company said.In a separate agreement, GlobalFoundries said the Department of Commerce will receive 1% equity interest in the company.GlobalFoundries shares were down 2.7% in Wednesday trading.Price: $47.68, Change: $-1.34, Percent Change: -2.73%

$GFS

Sectors14d ago

US Total Weekly EIA Crude Oil Stocks Fall by 11.0 Million Barrels After Prior 3.0 Million Decrease

Wire14d ago

Wells Fargo Adjusts PACCAR Price Target to $157 From $125, Maintains Equal Weight Rating

PACCAR (PCAR) has an average rating of overweight and mean price target of $136.36, according to analysts polled by FactSet.Price: $136.99, Change: $-1.22, Percent Change: -0.88%

$PCAR

Wire14d ago

Rothschild & Co Redburn Adjusts Coca-Cola Price Target to $92 From $86, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $94.48, according to analysts polled by FactSet.Price: $90.76, Change: $+2.49, Percent Change: +2.82%

$KO

Wire14d ago

UBS Adjusts Price Target on Mondelez International to $68 From $64, Maintains Neutral Rating

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $68.95, 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)Price: $65.53, Change: $+3.05, Percent Change: +4.87%

$MDLZ

Wire14d ago

UBS Adjusts Price Target on Landstar System to $195 From $185, Maintains Neutral Rating

Landstar System (LSTR) has an average rating of hold and mean price target of $197.36, 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)Price: $177.87, Change: $-7.45, Percent Change: -4.02%

$LSTR

Oil & Energy14d ago

US Oil Update: Oil Benchmarks Snap 3-Day Decline as US-Iran Conflict Escalates

Oil prices gained more than 6% on Wednesday as escalating regional conflict outweighed potential US-Iran diplomatic progress, while focus shifted to the upcoming crude inventory data from the EIA.Front-month West Texas Intermediate crude futures surged 6.5% to $84.40 per barrel, while Brent futures added 6.6% to $89.66/bbl.Analysts noted that recent strikes on regional infrastructure highlight the severe hurdles facing potential US-Iran diplomatic efforts.Saxo Bank analysts said the move upwards today "snapped a three-day slide which had been Brent's worst since April 2020, and Iran's rejection of the Omani plan to reopen the Strait of Hormuz may, in our view, keep a risk premium in the curve."Iran reportedly turned down Oman's proposal for joint control of the Strait of Hormuz, instead repeating demands for more oversight of the waterway.On the geopolitical front, President Donald Trump has threatened to hit Iran hard following "surprise" attacks on US targets in the Middle East, Fox News reported, citing an interview with Trump which was yet to be broadcast."We'll be hitting them hard. They are going to get a beating," Fox News reported, quoting Trump.Supporting prices on the supply side, American Petroleum Institute data revealed a 3.3-million-barrel decrease in US crude inventories for the week ending July 24, with markets now awaiting confirmation from the official Energy Information Administration report.Meanwhile, OPEC+ is projected to pause further production hikes after approving a final scheduled September increase of 188,000 barrels per day during its virtual meeting on August 2, as the group continues to monitor ongoing Persian Gulf supply disruptions, ING analysts noted.

Wire14d ago

Update: Market Chatter: Taiwan Semiconductor Manufacturing, Toyota Operations Hit by Japan Earthquake

(Updates to include a statement from Taiwan Semiconductor Manufacturing in the fourth paragraph.)Taiwan Semiconductor Manufacturing (TSM) and Toyota Motor (TM) were among manufacturers whose operations were disrupted after a powerful earthquake struck Japan's Kumamoto prefecture, Nikkei Asia reported Wednesday.Taiwan Semiconductor Manufacturing evacuated personnel from its JASM semiconductor plant in Kumamoto after the quake triggered mandatory evacuation procedures, while some construction work at JASM's second fab was temporarily suspended as a precaution, a company spokesperson told Nikkei Asia.Toyota will halt production at three plants in Fukuoka prefecture from Wednesday evening through Friday while it assesses safety, logistics and supplier conditions, the report said, citing the automaker.Taiwan Semiconductor Manufacturing toldthat JASM structures are safe following structural inspections and it is now inspecting equipment and doing recovery works. The company also said it is still assessing the earthquake's impact.Toyota Motor 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: $383.08, Change: $-9.23, Percent Change: -2.35%

$TM$TSM

Wire14d ago

Hyperscale Data Reports Higher Preliminary H1 Revenue

Hyperscale Data (GPUS) said Wednesday it expects H1 consolidated revenue of about $80 million, up from $51 million in the same period last year.The company reaffirmed its 2026 revenue guidance of $180 million to $200 million, and issued preliminary 2027 revenue guidance of more than $300 million.

$GPUS

Wire14d ago

Update: Market Chatter: Alphabet's Google DeepMind Disbands AlphaFold Team as AI Strategy Shifts Toward Gemini

(Updates to add Google DeepMind's response in the fifth paragraph.)Alphabet's (GOOG) Google DeepMind has dismantled the team behind its Nobel Prize-winning AlphaFold artificial intelligence system, reassigning most researchers to Gemini-related projects and other scientific initiatives as it shifts its research strategy, the Financial Times reported.The report said many AlphaFold researchers have moved to projects involving Google's Gemini large language model, enzyme design, nuclear fusion and genomics, while others joined Alphabet's drug discovery unit, Isomorphic Labs.DeepMind told the Financial Times that the changes reflect a broader strategy of building Gemini-powered systems that can assist scientists and automate parts of scientific research while competing with OpenAI and Anthropic in frontier AI.According to the report, AlphaFold will continue to be developed despite the restructuring, with its research integrated into DeepMind's broader scientific and artificial intelligence programs rather than managed by a dedicated team.A Google DeepMind spokesperson toldin an emailed response that many of its researchers behind AlphaFold continue to drive scientific and technological advances across Google, Google DeepMind, and Isomorphic Labs.(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: $331.35, Change: $-1.25, Percent Change: -0.38%

$GOOG$GOOGL

Mining & Metals14d ago

Paragon Advanced Labs Settles $2.4 Million of Debt

Paragon Advanced Labs (PALS.V) settled $2.4 million with The Paul & Joyce Huet Family Trust, an entity related to investor Paul Andre Huet, it said in a statement on Wednesday.The company settled this outstanding indebtedness by issuing 1.4-million common shares at C$2.42 apiece. It also said the settled indebtedness comprised the balance of the secured promissory note issued in connection with the company's acquisition of Paragon Geochemical, and the debt settlement constitutes full and final satisfaction of all amounts owing to the Trust.The TSX Venture Exchange has conditionally accepted the debt settlement.Shares of the company were last seen up about 6% at C$2.49 on the TSXV.Price: $2.49, Change: $+0.14, Percent Change: +5.96%

$PALS.V

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