Shares of Nuvalent, Inc. were surging around 39 percent in the pre-market activity on the Nasdaq, after the clinical-stage biopharma company focused on cancer therapies agreed to be acquired by British drug major GSK plc, in a deal valued at $10.6 billion or 8.0 billion pounds. Further, GSK maintained its 2026 guidance range of 7 percent to 9 percent growth in core operating profit and core EPS.
Italian coffee brand Lavazza is making its mark in the U.S. with Tablì, a new single-serve coffee system featuring compressed coffee tablets made entirely from ground coffee. This product was first introduced in Italy last year and is set to officially launch in the U.S. this coming August.
United Airlines Holdings, Inc. (UAL) CEO Scott Kirby believes we won't see any major mergers among U.S. airlines anytime soon.
Tech giant Apple Inc. (AAPL) on Monday unveiled Siri AI, a completely redesigned version of Siri powered by Apple Intelligence. The new assistant is available for developer testing immediately and will be released as a beta later this year. Apple said Siri AI can understand personal context across...
OpenAI, the maker of popular chatbot ChatGPT, announced that it has recently filed confidentially with the U.S. Securities and Exchange Commission for potential initial public offering, thus entering the IPO race by major players in the artificial intelligence or AI industry. The firm said it is yet to decide on the timing.
Amazon.com Inc. (AMZN) has struck a deal to buy billions of dollars' worth of optical fiber from Corning Incorporated over the coming years, all to back the fast growth of its U.S. data center infrastructure.
The British pound strengthened against other major currencies in the European session on Tuesday, as investors expect the Bank of England to have a rate hike before the end of the year. Markets had anticipated—that the Bank of England (BoE) would decrease interest rates twice this year. According...
Cartesian Therapeutics (RNAC) announced a strategic licensing agreement with WestGene Biopharma Co. to advance the development of in vivo chimeric antigen receptor T-cell therapies in autoimmune diseases. Cartesian is partnering with WestGene to conduct a Phase 1 dose-escalation study of the mRNA used...
Medical device maker CVRx, Inc. (CVRX) said on Tuesday that its Chief Financial Officer Jared Oasheim will step down to pursue other opportunities, and the company has begun a search for his successor. Oasheim will remain with the company until a successor is appointed and serve as an advisor through...
Tuesday, Greenland Energy Company (GLND) announced an agreement with Halliburton Company (HAL) for integrated consulting, logistics, and comprehensive well and drilling services. The announcement came via the company's shareholder letter, which reported operational and strategic updates following...
Academy Sports and Outdoors, Inc. (ASO) released a profit for its first quarter that Increases, from last year The company's earnings came in at $52.71 million, or $0.80 per share. This compares with $46.08 million, or $0.68 per share, last year. Excluding items, Academy Sports and Outdoors, Inc....
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.
Cullinan Therapeutics Inc. (CGEM), a clinical-stage biopharmaceutical company, is scheduled to host an Immunology Day tomorrow, i.e., June 10, 2026. When we alerted readers to CGEM on June 29, 2025, it was at $7.93. The stock, which touched a high of $16.74 on February 27, 2026, has given back some of its gains and currently trades around $13.
Eli Lilly and Company (LLY) announced detailed results from three Phase 3 trials, dubbed ACHIEVE-2, ACHIEVE-3, and ACHIEVE-5, evaluating Orforglipron, or Foundayo, in participants with type 2 diabetes. Orforglipron demonstrated strong reductions in HbA1C (A1C) and weight loss across studies, but...
Shares of Eloxx Pharmaceuticals, Inc. (ELOX), a clinical-stage biopharmaceutical company developing small-molecule therapies for genetic diseases caused by nonsense mutations, fell over 31% after the company announced the pricing of a $66 million public offering and its uplisting to the Nasdaq Capital Market.
Seaport Therapeutics, Inc. (SPTX), reported a wider net loss for its first financial quarter ended March 31, 2026, and provided near term milestone update. Company Profile Seaport Therapeutics is a clinical-stage therapeutics company focused on development of new medicines to address patients...
While reporting financial results for the first quarter on Tuesday, sporting goods retailer Academy Sports and Outdoors, Inc. (ASO) raised its earnings, adjusted earnings, net sales and comparable sales guidance range for the full-year 2026, based on first-quarter performance. For fiscal 2026, the...
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to...
Denmark's industrial production decreased in April after rebounding sharply in the previous month. Industrial production dropped a seasonally adjusted 1.1 percent month-on-month in April, reversing an 8.3 percent growth in March. Among industrial groups, production in the electronics industry declined the most by 15.8 percent, and the pharmaceutical sector dropped by 2.5 percent.
UK retail sales logged a strong growth in May as late Spring heatwave pushed up clothing and footwear sales, the British Retail Consortium said Tuesday. Retail sales increased 3.7 percent on a yearly basis in May compared to the 1.0 percent growth in the same period last year. Food sales grew...
The South African economy expanded at a slightly faster pace in the first quarter. In real terms, gross domestic product rose 0.5 percent sequentially after a 0.4 percent increase in the fourth quarter. The expenditure breakdown showed that household final consumption expenditure increased 0.1 percent, and government consumption rose 0.6 percent.
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.
Tuesday, APi Group Corp. (APG) announced that it has completed the acquisition of Onyx-Fire Protection Services, Inc., an inspection-first provider of fire and life safety services in Canada. Also, the company shared its decision to raise its full-year 2026 outlook, reflecting an expected contribution...