Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
14,440 total articles
Vertex Pharmaceuticals reported first-quarter adjusted earnings that exceeded analyst estimates, fueled by a substantial rise in sales of its recently approved cystic fibrosis therapy Alyftrek. Total revenue rose 8% year-over-year, while sales of the company’s long-standing CF treatment Trikafta fell short of expectations. Management maintained its…
Duolingo delivered stronger-than-expected first-quarter results driven by subscription growth, but management signaled a moderated growth outlook as it channels investment into user engagement and AI-powered product features. The company is prioritizing long-term retention and product quality over immediate monetization, keeping full-year revenue g…
Hemab Therapeutics Holdings, Inc. completed an upsized initial public offering that generated approximately $346.7 million in gross proceeds. The company sold 19,262,500 shares at $18.00 per share, including 2,512,500 shares issued when underwriters exercised their over-allotment option in full. Hemab's common stock began trading on the Nasdaq Glob…
Chevron Chief Executive Mike Wirth said he remains concerned about the safety of vessels moving through the Strait of Hormuz after recent U.S.-Iran confrontations and the U.S. decision to escort ships. He warned that drawdowns in stored crude are tightening supply buffers, which could increase price pressure and volatility even if U.S. fuel shortag…
Benjamin Moore's chief executive, Dan Calkins, told Berkshire Hathaway shareholders that paint purchases are falling as consumers tighten budgets in the face of higher inflation, elevated mortgage rates and increased spending on fuel and groceries. A modest uptick in remodeling has not offset a decline in existing-home sales and continues to weigh …
Take-Two Interactive CEO Strauss Zelnick said the forthcoming Grand Theft Auto VI launch is simultaneously exhilarating and daunting, citing exceptional consumer expectations, escalated development costs and a lengthy production cycle. The title, developed by Rockstar Games, is set to arrive on consoles on November 19 after two delays and has been …
Indivior PLC said it entered into a $175 million accelerated share repurchase (ASR) agreement with Barclays Bank PLC. The move, carried out under the drugmaker's existing $400 million repurchase authorization, drove a 4.6% rise in the company's Nasdaq-listed shares on Monday. Final share counts will depend on volume-weighted trading prices, with se…
Take-Two Interactive CEO Strauss Zelnick discussed the imminent release of Grand Theft Auto VI at the Interactive Innovation Conference in Las Vegas, telling Bloomberg News the publisher aims to deliver an unprecedented experience. The game, developed by Take-Two’s Rockstar Games unit, is scheduled to launch on November 19 after being pushed back t…
Quantum Leap Acquisition Corp completed a $200 million initial public offering by selling 20 million units at $10 apiece. The units, which combine one Class A ordinary share and one redeemable warrant, began trading on the New York Stock Exchange under the symbol QLEPU on May 1, 2026. The company plans to seek business combinations in artificial in…
Reuters received two Pulitzer Prizes: one in beat reporting for investigative work that revealed how Meta's platforms exposed users, including minors, to harmful AI chatbots and widespread fraudulent advertising, and another in national reporting for a series detailing U.S. President Donald Trump’s campaign of political retribution. The winning bea…
Shares of Atossa Genetics rose 10.3% Monday in a move that appears disconnected from company fundamentals and may reflect investor confusion with Vanda Pharmaceuticals, which said it has commercially launched NEREUS (tradipitant) across the United States for prevention of vomiting due to motion in adults. Vanda described the drug as the first new p…
The U.S. Treasury on Monday raised its estimate for second-quarter borrowing to $189 billion, a $79 billion upward revision from the department's February projection. The change is driven mainly by lower than expected net cash flows, with the increase partly mitigated by a higher starting cash balance. The Treasury also released projections for the…
Atossa Therapeutics saw its stock climb 10.3% on Monday after the U.S. Food and Drug Administration awarded Rare Pediatric Disease designation to (Z)-endoxifen for the treatment of McCune-Albright Syndrome in females. The designation makes the company eligible for a Priority Review Voucher upon approval and opens avenues for enhanced interaction wi…
GlobalFoundries Inc. (NASDAQ:GFS) saw its stock rise 4% on Monday after Cantor Fitzgerald upgraded the shares to Overweight with an $80 price target and the company unveiled its SCALE optical module solution for co-packaged optics. Cantor analyst C.J. Muse pointed to steady demand across established end markets and upside from nascent photonics and…
U.S. officials are considering an executive order to create an AI working group that would bring together tech leaders and government representatives to evaluate oversight options for artificial intelligence models before they are released publicly. White House officials have held meetings with executives from Anthropic, Google and OpenAI, and the …
A Morgan Stanley AlphaWise survey found U.S. consumer sentiment declined in April to levels near a two-year low, yet households reported a surprising increase in medium-term intent to spend on consumer electronics. The survey showed mixed signals: improving six-month spending plans but weaker one-month purchase expectations and heightened concern a…
Reuters received the Pulitzer Prize for beat reporting for an investigation that uncovered Meta's permissive AI-chatbot practices with minors and the company’s sizeable earnings from illicit advertising on Facebook and Instagram. The reporting used internal documents and experimental techniques to reveal how Meta’s policies allowed problematic chat…
The U.S. Department of the Treasury said it plans to issue $189 billion in privately-held net marketable debt during the April-June 2026 quarter and aims to hold $900 billion in cash at the end of June. The updated borrowing estimate is $79 billion higher than the February forecast, primarily because of weaker expected net cash flows, partly offset…
President Donald Trump posted on Truth Social that an investment tied to Intel generated $45 billion for the United States over an eight-month period. The post included an image of a price chart purporting to show a purchase at $20 per share in August 2025 and a value of $97 per share in April 2026, with the chart depicting a generally upward trend…
CoStar Group Inc. shares ticked higher after CEO Andy Florance made a further open-market purchase of company stock and the firm reported quarterly results that outperformed analyst expectations. The insider buying follows a recent activist investor exit and comes amid investor concerns over AI-driven disruption and the capital demands of expanding…
A Swiss parliamentary committee has postponed its decision on proposed capital requirements for UBS, deferring further debate until August and pushing a full upper-chamber vote likely into September. Lawmakers continue to weigh a government proposal to require full Common Equity Tier 1 backing for the bank’s foreign units against a compromise that …
Volkswagen AG purchased 62.9 million Rivian shares for $1 billion at $15.90 per share through a private placement dated April 30, 2026, increasing its holding to 209.8 million shares and appearing as a 10% owner in a Securities and Exchange Commission filing. Rivian stock rose 0.5% Monday afternoon but remained about 2% lower on the day amid broade…
Mirum Pharmaceuticals stock climbed 12% Monday after the company reported positive results from its VISTAS Phase 2b trial of volixibat in primary sclerosing cholangitis. The study met its primary endpoint on the Adult ItchRO scale and showed reductions in serum bile acids. Mirum has scheduled a pre-New Drug Application meeting with the FDA for summ…
Datavault AI Inc. saw its stock fall 23% on Monday after disclosing a $60 million registered direct offering of common stock. The Philadelphia-based firm agreed to sell 109,090,910 shares at roughly $0.55 apiece, a price below last Friday's close of $0.7438. The proceeds are slated to support build-out of a quantum-ready GPU edge network, along wit…
Airlines serving and routing through the Middle East have continued to adjust capacity and suspend services following disruption tied to the Iran conflict. Middle Eastern carriers have been increasing capacity in some markets while non-Gulf airlines are rerouting or cancelling flights between Europe and Asia. The following report lists current serv…
