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Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...
It looks like Elon Musk might be set to become the first trillionaire if everything goes according to plan with SpaceX's upcoming IPO.
SpaceX is gearing up for what might be the biggest initial public offering ever, with investor interest far surpassing the $75 billion in shares the company plans to sell.
Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.
The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.
The Antitrust Division of the U.S. Department of Justice announced that it closed its investigation into the proposed acquisition of Warner Bros. Discovery (WBD) by Paramount Skydance Corporation (PSKY). After completing its analysis, the Division determined that the transaction is not likely to result...
Target Corp. (TGT) announced the results of its 2026 Annual Meeting of Shareholders held on June 10, 2026. Shareholders rejected three proposals, including a request for a policy requiring the Board Chair to be independent, a report on the presence of pesticides in Target's private label brands, and...
JBS USA announced plans to close two facilities located in Pennsylvania and Tennessee as part of targeted changes aimed at strengthening its operations for the future. The company emphasized its commitment to supporting employees impacted by the decision. The closures include the beef production facility...
Roche (RHHBY) announced that the VENTANA PTEN (SP218) RxDx Assay has become the first immunohistochemistry (IHC) companion diagnostic test to receive approval from the U.S. Food and Drug Administration (FDA) for determining PTEN protein loss, also known as PTEN deficiency, in tumours of patients with...
OpenText (OTEX, OTEX.TO) has announced a 105 million euros investment that will create 400 new jobs across its sites in Ireland over the next three years. This commitment doubles the company's investment in the country and will significantly expand its capabilities in agentic AI, cybersecurity, sovereign...
On Friday, Cuentas Inc. (CUEN), a mobile phone service provider, announced that it has appointed Eric Kilinsky as Interim Chief Finance Officer, effective June 8 to succeeds Ofek Haim Suchard. Suchard is appointed as Chief Artificial Intelligence Officer. On the One One Nasdaq-100, the shares closed...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
BioCryst Pharmmaceuticals Inc. (BCRX), a biotechnology company, on Friday released new data from the real-world APeX-P study for ORLADEYO and the Phase 1b/2 ALPHA-STAR for Navenibart in treating hereditary angioedema. ORLADEYO (berotralstat) is an oral prophylactic therapy that increases plasma kallikrein...
Medicus Pharma Ltd. (MDCX) announced that it submitted an Investigational New Drug (IND) application to the Department of Health, Abu Dhabi, for a Phase 2a PRECISION-E2 genomics-enabled trial to evaluate Teverelix in women with symptomatic endometriosis in the United Arab Emirates (UAE). Company Profile Medicus...
This week, the biotech sector saw a surge of FDA, EU, and China approvals spanning oncology, dermatology, autoimmune and rare disease indications. Strategic acquisitions and licensing deals drove pipeline expansion, while positive clinical readouts in obesity, MASLD, and autoimmune disorders reinforced...
Rafael Holdings, Inc. (RFL), reported a year-over-year loss for its third quarter of fiscal year 2026, ended April 30, 2026, reflecting a narrower net loss. Company Profile Rafael Holdings is a clinical and early-stage biopharmaceutical company focused on the development and commercialization...
Friedman Industries, Inc. (FRD), a steel manufacturing company, reported higher profit in the fourth quarter, compared to the prior year. The increase was attributable to same-facility volume growth at the company's existing operations. In the pre-market activity on the Nasdaq, the shares were trading...
With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.
The persisting conflict in the Middle East and the closure of the Strait of Hormuz are expected to keep the global energy prices elevated this year with a 36 percent increase in the Brent crude oil prices, a new report from the World Bank said.
India's consumer price inflation accelerated less than expected in May to the highest level in sixteen months amid higher food costs. The consumer price index registered an increase of 3.93 percent on a yearly basis in May, faster than the 3.48 percent rise in April. Food inflation quickened to 4.78 percent from 4.20 percent. Charges for transport services for goods surged 7.63 percent.
The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.
The Campbell's Company (CPB) will host a conference call at 9:00 AM ET on June 8, 2026, to discuss Q3 26 earnings results. To access the live webcast, log on to https://investor.thecampbellscompany.com To listen to the call, dial (800) 715-9871 (US) or (646) 307-1963 (International), Conference ID: 3623156.
Merck Animal Health, a division of Merck & Co. (MRK), on Thursday announced a definitive agreement to acquire TARGAN, a privately held developer of biodevice solutions for the poultry industry, for undisclosed consideration. The transaction is expected to close in the third quarter of 2026. The...