Monday, Lucid Group, Inc. (LCID) announced its decision to cut its U.S. workforce by approximately 18 percent as part of its plan to advance the company toward profitability and positive cash flow generation. The layoff, which will impact full-time employees, contractors and hourly production workers...
Monday, NVIDIA Corporation (NVDA) announced the launch of Halos for Robotics, a first full-stack, comprehensive safety system for robotics and physical AI that unifies AI compute and safety. The platform combines AI computing, software, sensors, safety applications, and inspection tools into a unified...
TPG Inc. (TPG), an alternative asset management firm, on Monday announced the appointment of Axel Andr as chief financial officer, effective July 27, 2026. Andr will succeed Jack Weingart, who will transition fully to his role as chief executive officer of TPG's Global Wealth Solutions business. Weingart...
Oil major Chevron Corp. (CVX) announced on Monday that its unit, Energy Forge One LLC signed a deal with Microsoft Corp. (MSFT) to build a 2.67 gigawatt natural gas power plant in West Texas to supply a Microsoft-operated data center under a 20-year agreement. The project, known as Kilby, will co-locate...
Exelixis, Inc. (EXEL) on Monday reported final analysis results from the phase 3 STELLAR-303 trial evaluating zanzalintinib in combination with Roche's Tecentriq versus regorafenib in previously treated non-microsatellite instability (MSI)-high metastatic colorectal cancer. In the STELLAR-303 trial,...
Monday, Upexi, Inc. (UPXI) announced a securities purchase agreement with an existing accredited investor for the purchase and sale of about 12.2 million shares of common stock at $1.60 per share. The Solana-focused digital asset treasury company and consumer brands owner added that the total pricing...
Renewable metals firm Comstock Resources, Inc. (CRK) announced on Monday that it has agreed to sell its mineral, mining and processing subsidiaries to Mackay Precious Metals Inc. for more than $45 million. The deal includes over $30 million in cash and stock payments, a retained 1.5% royalty, and...
HawkEye 360, Inc. (HAWK) announced Monday net loss attributable to common shareholders for the first quarter of $9.54 million or $1.14 per share, sharply wider than $2.14 million or $0.30 per share in the prior-year quarter. Total revenues for the quarter surge to a record $49.80 million from $23.0...
NRx Pharmaceuticals, Inc. (NRXP), Monday announced that the Food and Drug Administration has approved an Intermediate Population Expanded Access Protocol for the use of NRX-101, a fixed dose combination of D-cycloserine and lurasidone for the augmentation of accelerated Transcranial Magnetic Stimulation...
Rayonier Advanced Materials, Inc. (RYAM) announced Monday that the Board of Directors has appointed Daniel Krawczyk as Chief Executive Officer and President, effective immediately. He will also join the Company's Board of Directors. The company said Krawczyk will be responsible for leading RYAM's...
Eastern Platinum Ltd. (ELR.TO, ELRFF) on Monday announced that Chief Financial Officer and Corporate Secretary Wylie Hui will resign effective July 10, to pursue other interests. The company said it has begun a search for a new Chief Financial Officer. The company added that Hui has agreed to assist...
Biopharmaceutical company MapLight Therapeutics, Inc. (MPLT) announced Monday that the IRIS Phase 2 trial did not meet its primary endpoint in social communication deficits associated with autism spectrum disorder (ASD). IRIS (ML-004-002) is a Phase 2 study of ML-004 in ASD. The study randomized 161...
Automotive technology firm ECARX Holdings Inc (ECX) announced on Monday that it has agreed to buy the entire Flyme software business from DreamSmart Group for 1.8 billion yuan, or about $266 million in cash, to strengthen its proprietary software stack and end-to-end OS capabilities. In pre market...
ITG, Inc., a communications and digital infrastructure services company, on Monday announced the launch of its initial public offering of 19.5 million shares of Class A stock. The company expects to price the offering between $19 and $22 per share. The company has applied to list its Class A common...
Monday, AbbVie Inc. (ABBV) announced an agreement to acquire Apogee Therapeutics (APGE) for $135.11 per share in cash, valuing the latter at approximately $10.9 billion. Under the agreement, the company will acquire Apogee's diverse pipeline of multiple clinical-stage candidates in development across...
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.