News Hub

Jun 24, 2026

Hana Yamamoto

Press Releases

Baker Hughes and Mantle Reach Power, an EnCap Energy Transition Company, Announce Strategic Agreement to Accelerate Large-scale Geothermal Across North America

Baker Hughes and Mantle Reach Power, backed by EnCap Energy Transition, announced a strategic agreement to develop large-scale geothermal energy projects across North America. Leveraging Baker Hughes' integrated subsurface and surface technology portfolio and Mantle Reach Power's project development and finance expertise, the collaboration aims to …

BKR

Jun 24, 2026

Nina Shah

Press Releases

MapLight Therapeutics Announces Changes to Board of Directors

MapLight Therapeutics, a clinical-stage biotech focused on CNS disorders, has appointed Martin Babler and Troy Cox to its Board of Directors, succeeding two outgoing members. The new board members bring substantial leadership experience in biotechnology, which is expected to support the company's ongoing strategy to develop innovative therapies tar…

MPLT

Jun 24, 2026

Hana Yamamoto

Press Releases

VERAXA Biotech Expands R&D Hub in Heidelberg as Innovative BiTAC™-TCE and ADC Programs Advance Towards Clinical Development

VERAXA Biotech AG has expanded its R&D laboratory space in Heidelberg, Germany to support growing internal teams and upcoming development activities for its novel BiTAC-TCE and BiTAC-ADC cancer therapeutic programs. The company aims to drive these proprietary and partnered drug development programs from early discovery through early clinical develo…

VRXA

Jun 24, 2026

Caleb Monroe

Trade Ideas

Synopsys: How Ansys + AI Can Lift the Earnings Floor — A Long-Term Trade Idea

Synopsys just reset its revenue and earnings mix through the Ansys play and stands to benefit as engineering workflows adopt AI agents. The market is skeptical today — shares fell after a beat — which creates a controlled risk entry. This trade targets a re-rating toward analyst consensus near $538 over the next 180 trading days, with a stop at $43…

SNPS

Jun 24, 2026

Ajmal Hussain

Stock Markets

Morgan Stanley Elevates Subsea 7 to Top Pick After CADE Clears Saipem Deal

Morgan Stanley has designated Subsea 7 as its new Top Pick within European energy services after Brazil’s Administrative Council for Economic Defense (CADE) approved the proposed merger with Saipem on the evening of June 23 without imposing remedies. The decision removes what Morgan Stanley called the single biggest obstacle to closing the deal and…

Jun 24, 2026

Sofia Navarro

Press Releases

Bowman Secures $11.2 Million in USDA Aerial Mapping Awards

Bowman Consulting Group Ltd. has won $11.2 million in aerial acquisition contracts under the USDA's PINE Blanket Purchase Agreement, significantly expanding their federal geospatial data services. The contracts cover large acreage across multiple USDA programs and states, doubling previous contract value and demonstrating Bowman's investment in adv…

BWMN

Jun 24, 2026

Hana Yamamoto

Press Releases

Devon Announces Expiration and Final Results of its Private Exchange Offers and Consent Solicitations

Devon Energy Corporation announced the final results of its exchange offers allowing holders of certain notes issued by its subsidiary Coterra Energy Inc. to swap their notes for new notes issued by Devon and cash. The exchange offers showed high participation rates across multiple series of notes, with settlement expected by June 25, 2026. These n…

DVN

Jun 24, 2026

Sofia Navarro

Press Releases

Gilat Receives Multi-Million Dollar Order for Customized SATCOM Terminals Supporting European Defense Communications

Gilat Satellite Networks has secured a multi-million dollar order to deliver customized SATCOM terminals to a European Ministry of Defense. This contract highlights Gilat's growing presence in mission-critical defense communications by providing resilient, ruggedized satellite connectivity solutions designed for demanding operational environments. …

GILT

Jun 24, 2026

Caleb Monroe

Stock Markets

EssilorLuxottica Shares Drop After Deutsche Bank Sees 'Flattish' Q2 Profit Outlook

Shares of EssilorLuxottica fell nearly 4% after Deutsche Bank signaled that second-quarter adjusted operating profit is likely to be broadly unchanged, and said consensus forecasts should be revised down before it could adopt a more positive stance. Analyst Falko Friedrichs left a Hold rating in place while trimming his price target slightly to €18…

Jun 24, 2026

Jordan Park

Trade Ideas

JinkoSolar Looks Mispriced: Buy the Oversold ADR After the Impairment Shock

JinkoSolar (JKS) trades at roughly $870M market cap, a price-to-book of 0.38 and a $1.48 annual distribution that yields ~7.4%. Recent headlines - a $214.5M GAAP loss tied to a non-cash impairment and regulatory scrutiny - have created a high fear premium. Fundamentals of global solar demand and wafer/bifacial growth argue for recovery. Trade plan:…

JKS

Jun 24, 2026

Ajmal Hussain

Press Releases

UMH PROPERTIES, INC. WELCOMES THE 21ST CENTURY ROAD TO HOUSING ACT: A MAJOR BOOST FOR AFFORDABLE MANUFACTURED HOUSING

UMH Properties, Inc., a REIT specializing in manufactured home communities, endorses the 21st Century ROAD to Housing Act. The legislation aims to alleviate the US housing shortage by modernizing regulations, expanding supply, reducing costs, and improving financing for manufactured homes, which will enable UMH to grow its portfolio and enhance off…

UMH

Jun 24, 2026

Leila Farooq

Press Releases

BOSS Zhipin's Ongoing Share Repurchases Reach Nearly RMB1.94 Billion in 2026

KANZHUN LIMITED (BOSS Zhipin) has actively repurchased shares totaling nearly RMB1.94 billion in 2026, reinforcing its commitment to shareholder returns. The Board has authorized increasing the total share repurchase program to US$400 million through August 2027 and announced a policy to distribute at least 50% of adjusted net income annually via d…

BZ

Jun 24, 2026

Ajmal Hussain

Commodities

Tech Stocks Tumble as Chip Rally Faces a Reality Check

An abrupt sell-off in chip-related equities injected notable volatility into markets as a leading U.S. chip-stock index fell 8% and Micron Technology plunged roughly 13% ahead of its earnings update. The move, coming after a year-to-date surge in memory-chip shares, coincided with a steep earlier retreat in South Korea’s KOSPI and renewed scrutiny …

Jun 24, 2026

Marcus Reed

Stock Markets

Take-Two Sets Price for Grand Theft Auto VI at $79.99, Release Date Slated for Nov. 19

Take-Two Interactive announced a November 19 launch for Grand Theft Auto VI with a standard price of $79.99 and an Ultimate Edition at $99.99. Pre-orders are scheduled to begin June 25. The company expects the release to rank as the largest videogame launch globally, with sales of billions of dollars in the days following release, reflecting the fr…

Jun 24, 2026

Sofia Navarro

Press Releases

Absci Announces Pricing of $100 Million Underwritten Offering with Leading Strategic and Financial Investors

Absci Corporation announced the pricing of a $100 million underwritten offering of 13.5 million shares at $7.41 each, with participation from strategic and financial investors including Eli Lilly & Company. The proceeds will fund the development of ABS-201, an AI-designed antibody targeting androgenetic alopecia and endometriosis, and support gener…

ABSI

Jun 24, 2026

Ajmal Hussain

Trade Ideas

Taiwan Semiconductor: The AI Toll Road Keeps Widening — Buy a Mid-Term Pullback

Taiwan Semiconductor (TSM) sits at the center of the AI infrastructure build-out. With a dominant share of the most advanced nodes, improving technical setup, and a market cap of roughly $2.26 trillion, TSM offers a tradeable long on a mid-term horizon. This idea lays out a clear entry at $437.25, a stop at $405.00, and a target at $480.00 over the…

TSM

Jun 24, 2026

Marcus Reed

Commodities

Supply Recovery Accelerates After Strait of Hormuz Reopens, UBS Says Nearly 80% of Lost Oil to Return in Three Months

UBS reports that the reopening of the Strait of Hormuz following a U.S.-Iran interim accord is prompting a fast rebound in global oil supply. The bank estimates that almost 80% of disrupted liquids will come back within three months and about 90% by the end of the year, while cautioning that restarting production and resolving logistical bottleneck…

Jun 24, 2026

Priya Menon

Press Releases

Brown & Brown announces Retail segment appointment of Neil Krauter Sr. as executive managing director, growth and specialization

Brown & Brown, Inc., a leading insurance brokerage, announces the appointment of Neil Krauter Sr. as executive managing director of growth and specialization within its Retail segment. Krauter will focus on expanding enterprise growth, enhancing specialization, recruiting top talent, and strengthening strategic relationships globally. He will lever…

BRO

Jun 24, 2026

Marcus Reed

Press Releases

Absci Announces Positive Interim Phase 1 Data from the HEADLINE™ Trial of ABS-201, a Novel Antibody Targeting the Prolactin Receptor (PRLR)

Absci Corporation announced encouraging interim Phase 1 trial results for ABS-201, a novel antibody targeting the prolactin receptor designed to treat androgenetic alopecia (male and female pattern hair loss). The data show favorable safety and pharmacokinetics, including an estimated half-life supporting infrequent dosing. The study has progressed…

ABSI

Jun 24, 2026

Nina Shah

Stock Markets

Indian markets close higher as real estate, IT and banking stocks lead gains

Indian equity benchmarks ended Wednesday's session higher, paced by gains in Real Estate, Information Technology and Banking names. The Nifty 50 rose 0.83% while the BSE Sensex gained 1.04%. Breadth was mixed across the exchanges and volatility as measured by the India VIX eased, while key commodities and currency pairs moved lower.

Jun 24, 2026

Caleb Monroe

Stock Markets

Cerebras Shares Slide After First Post-IPO Report as Margin Outlook Falters

Shares of Cerebras Systems plunged in pre-market trading after the AI chipmaker issued its first earnings report since its May initial public offering. While Q1 2026 GAAP revenue rose 94% year-over-year to $193.4 million, management warned of a sharp fall in adjusted gross margins for Q2 2026 driven by temporary data-center rental costs and provide…

Jun 24, 2026

Jordan Park

Stock Markets

Sharp Shares Rally After New Memorandum with Hon Hai, AGM Reaffirms Growth Roadmap

Sharp's stock jumped 15.1% to close at ¥665.5 after the company signed a memorandum of understanding with Hon Hai Precision Industry expanding strategic collaboration across several high-growth, capital-intensive technology areas. The move, combined with a scheduled Annual General Meeting and materially improved FY2026 financials, rekindled investo…

Jun 24, 2026

Hana Yamamoto

Stock Markets

ALP to Roll Out Tucker Carlson-Linked Nicotine Pouches Across 11 European Markets

ALP, the U.S. nicotine pouch brand co-owned by Tucker Carlson and Turning Point Brands, will begin selling online across 11 European markets starting in July, CEO Lorenzo De Plano said. The company is targeting a top-two position in the European Union by 2030, has secured manufacturing capacity in Lithuania, and partnered with Conor McGregor to sup…

Jun 24, 2026

Sofia Navarro

Stock Markets

Subsea 7 Shares Rise After Unconditional Brazilian Approval for Saipem Merger

Subsea 7 stock climbed after Brazil's competition authority granted unconditional approval for the proposed merger with Saipem. The nod from CADE removes a key regulatory hurdle in Brazil, lifting the stock close to its 52-week peak despite broader equity market weakness and with no earnings catalyst driving the move.

Jun 24, 2026

Maya Rios

Economy

ECB: Non-euro EU members making little headway on convergence

A European Central Bank report published on June 24 in Frankfurt says EU members outside the euro area have shown little to no recent progress toward meeting convergence criteria. While Bulgaria joined the euro earlier this year, the Czech Republic, Hungary, Poland, Romania and Sweden remain years away from accession, with Hungary, despite politica…