Alnylam Pharmaceuticals, Inc. (ALNY) announced partnership with Inceptive Nucleics, Inc., an artificial intelligence-driven biotechnology company, in a deal valued at up to approximately $2 billion. The partnership combines Alnylam's expertise in RNA interference (RNAi) therapeutics with Inceptive's...
Sunshine Silver Mining & Refining Co. (SSMR) on Thursday revealed the pricing of its Initial Public Offering or IPO of 20.0 million shares of common stock at $13.50 per share. The company said that it has also granted the underwriters a 30-day option to purchase up to an additional 3.0 million shares...
Elon Musk's Space Exploration Technologies Corp. or SpaceX announced its plan to offer around 555.56 million shares of its Class A common stock at its initial public offering or IPO with a price of $135.00 per share. The company plans to raise around $75 billion in the IPO. The underwriters may also...
Long Table Growth Corp. (LTGRU), a Special Purpose Acquisition Company, announced the pricing of its initial public offering of 15 million units at $10 per unit. The offering is expected to close on June 5. The company granted the underwriters a 45-day option to purchase up to an additional 2.25...
Retailer Costco Wholesale Corp. (COST) reported late Wednesday higher net sales and comparable sales for the month of May. For 4 weeks ended May 31, net sales climbed 14.5 percent to $24.01 billion from $20.97 billion last year. Comparable sales increased 12.5 percent, with 13.7 percent growth...
Autodesk, Inc. (ADSK) announced a new strategic collaboration agreement with Amazon Web Services, Inc. or AWS. This partnership is designed to advance cloud-based solutions that empower customers to design, build, and operate more efficiently at scale. Beginning in the second quarter of Autodesk's...
Stocks moved mostly lower over the course of the trading session on Wednesday, giving back ground after trending higher over the past several sessions. The major averages all moved to the downside, with the Dow showing a notable slump.
Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur
After trending higher over the past several sessions, stocks are giving back some ground during trading on Wednesday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are off their lows of the session but still in the red.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
The Energy Information Administration released a report on Wednesday showing a significant decrease in U.S. crude oil inventories in the week ended May 29th. The report said crude oil inventories tumbled by 8.0 million barrels last week after falling by 3.3 million barrels in the previous week. Economists...
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
Destination XL Group, Inc. (DXLG) reported loss for the first quarter on Wednesday, wider than the prior year loss, as sales at the Big + Tall menswear retailer fell. On the Nasdaq, shares of Destination XL are currently gaining 4.80 percent, changing hands at $0.7262. Shares of Destination XL...
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
The Scotts Miracle-Gro Company (SMG) has reaffirmed its annual guidance, citing its current performance. For fiscal 2026, the company still expects adjusted profit from continuing operations of $4.15 per share to $4.35 per share. For fiscal 2025, the company had reported adjusted income of $3.74 per...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.