Gainers:
ShangPharma Corp. (SHP) is rising over 23 percent to $8.50. The company announced that it has received a non-binding proposal letter from its chairman and chief executive officer, Michael Xin Hui, and entities affiliated with him and TPG Star Charisma Ltd. and its affiliates in a going private transaction between $8.50 and $9.50 per ADS in cash.
Decliners:
Seagate Technology (STX) is down 3 percent to $24.32. The company lowered its fourth quarter revenue guidance citing lower shipments and a quality issue with a component supplier. The company also reduced its adjusted gross margin forecast.
Informatica Corp. (INFA) is down 28 percent to $31.21. The company lowered its second quarter earnings and revenue forecast, which is also below current Wall Street view. The company said it did not adapt as rapidly as it should have to the changing macroeconomic environment, especially in Europe.
Trading halt:
Trading in shares of Dynegy Inc. (DYN) was halted. The company has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.