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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.
Alcoa Corporation (AA), an aluminum mining company, Monday announced the ratification of a new labor agreement with the United Steelworkers or USW at its U.S. smelters for around 965 smelter employees at its Warrick Operations in Indiana and Massena Operations in New York. The agreement is effective...
Bio-Techne Corporation's (TECH) activist investor Ananym Capital Management has taken a stake in the company and is urging management to explore strategic alternatives, including a potential sale, according to a Bloomberg report. The report further stated that Ananym had sent a letter to Bio-Techne's...
California-based community lender RBB Bancorp (RBB) announced on Monday that its board has approved a stock repurchase program of upto 1 million shares through June 30, 2028, and plans to redeem $40 million of subordinated notes. The buyback represents about $25 million, or 6 percent of outstanding...
On Monday, Powerfleet, Inc. (AIOT), a provider of artificial-intelligence-on-things, reported narrower loss in the fourth quarter, attributable to lower operating expenses and higher revenues. Further, the firm issued fiscal 2027 outlook, expecting higher adjusted EBITDA and revenues. In the pre-market...
Elanco Animal Health (ELAN) announced the U.S. Department of Agriculture approval of TruCan Ultra Lyme-L4. It is the first and only 1/2 mL combination vaccine protecting against both Lyme disease and leptospirosis, all in a low-volume dose, for dogs. This combination formulation allows veterinarians...
Context Therapeutics Inc. (CNTX) on Monday reported positive interim Phase 1 data for its investigational therapy CTIM-76 in patients with advanced, late-line platinum-resistant ovarian cancer (PROC). The company's shares were up more than 6% in pre-market trading.
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.
Neurocrine Biosciences Inc. (NBIX) on Monday reported positive two-year data from its Phase 3 CAHtalyst Pediatric study of Crenessity in children and adolescents with classic congenital adrenal hyperplasia (CAH). The data showed that pediatric patients with advanced bone age at baseline experienced...
Biotech companies are seeing significant pre-market activity this Monday. Price swings ahead of the opening bell are being driven by clinical trial and regulatory updates, as well as trial endpoint misses. In the Green - Premarket Gainers On Monday, the following stocks were trading significantly...
Context Therapeutics Inc. (CNTX) announced encouraging interim results from its ongoing Phase 1 clinical trial of CTIM-76, showing early signs of anti-tumor activity in patients with heavily pretreated ovarian cancer.
Medicus Pharma Ltd. (MDCX) on Monday said it has submitted a request to the U.S. Food and Drug Administration for Rare Pediatric Disease Designation for SkinJect, its investigational microneedle patch for the treatment of basal cell carcinoma in patients with Gorlin Syndrome. SkinJect is a dissolvable...
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...
Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial...
Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month as estimated earlier. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. The overall inflation in May was largely driven by a 5.6 percent growth in transport charges and a 5.0 percent spike in housing and utility costs.
ODNB Financial Corp., the parent of Old Dominion National Bank, and National Capital Bancorp, Inc. (NACB), the parent of The National Capital Bank of Washington, on Monday announced a merger agreement under which NACB will merge into ODNB, with ODNB as the surviving bank holding company. ODNB said...