Alkermes plc (ALKS) announced that alixorexton, an investigational, oral, selective orexin 2 receptor agonist in development for the treatment of narcolepsy type 1, narcolepsy type 2 and idiopathic hypersomnia, was recently granted orphan drug designations from leading regulatory bodies. The FDA has...
Generac Holdings Inc. (GNRC), an energy technology and power products company, on Monday announced the acquisition of a facility in Belvidere, Illinois, to expand its packaging capacity for large-megawatt generators. The financial terms of the transaction were not disclosed. The investment is expected...
Monday, Housecall Pro announced that its Chief Executive Officer, Michael Beaudoin, has stepped down from the position, and he will now assume the role of Chairman of the Board of Directors. The AI-powered field service platform has appointed Stan Chia as its new CEO. Chia most recently served...
Genco Shipping & Trading (GNK) urged shareholders to vote for Genco's directors; withhold on Diana Shipping Inc.'s nominees; and for the Genco Board's recommendations on other proposals. The deadline to vote is June 17, 2026. The company said Diana's offer is not in the best interests of Genco shareholders,...
Johnson & Johnson (JNJ) announced an investment of more than $1 billion in Jacksonville, Florida to strengthen its Vision operations by scaling U.S.-based manufacturing, packaging and distribution capabilities. The company noted that the announcement is part of the previously announced $55 billion U.S....
Krispy Kreme, Inc. (DNUT) on Monday unveiled its Summer Seasonal Collection, featuring new doughnuts and frozen lemonade drinks available for a limited time at participating U.S. locations starting June 16. The summer lineup includes the new Original Glazed Strawberry Cake Doughnut and Lemon Bar Doughnut,...
Gilat Satellite Networks Ltd. (GILT), a satellite communications technology company, on Monday announced a definitive agreement to acquire the majority of the Satellite & Space Communications segment of Comtech Telecommunications Corp. (CMTL) for $157.5 million in cash on a cash-free, debt-free basis. The...
Edge Total Intelligence Inc. (CTRL.V, UNFYF) Monday said that it has won contracts worth $1.2 million from Austal USA to provide data integration for the U.S. Navy's Digital Secure Exchange for Additive Platform. The contracts cover edgeTI's edgeCore digital twin software, which will serve as the...
The United States and Iran have agreed to a peace deal to end the Middle East war. The agreement will be signed on this Friday in Geneva, Switzerland. The diplomatic breakthrough came hours ahead of President Donald Trump's departure to Europe for the G7 summit. He announced that the Strait of Hormuz will reopen after the agreement is signed and the United States will lift its naval blockade of
SWI Group (SWICH.AS) announced the acquisition of a significant shareholding in Genesis Digital Assets for an aggregate consideration of $500 million. GDA holds 1.3 GW of energized and approved grid connections. The platform comprises 15 facilities, including multiple hyperscaler-grade sites in Texas. Upon...
Auckland International Airport Ltd. (AIA.AX) reported Monday that total passengers through Auckland Airport reached 1.41 million in May, down 1 percent on the prior year, mainly due to weak international passenger traffic, while domestic traffic was flat. However, Queenstown Airport generated improved...
Schneider Electric SE (SU.PA), an energy technology company, on Monday announced a strategic collaboration with Hon Hai Precision Industry Co., Ltd. (2317.TW, HNHPF) to define and scale next-generation AI data center infrastructure while improving scalability, efficiency, and sustainability. The production...
ASX Limited (ASXFY.PK, ASXFF.PK, ASX.AX) Monday announced that it has settled proceedings brought by Australian Securities and Investments Commission or ASIC in relation to statements made in 2022 on the status relating to CHESS replacement project, after admitting misleading conduct. As part of the...
Banqup Group SA (BANQ.BR), a Belgian fintech and SaaS company, on Monday announced a strategic simplification plan to reorganize the company into distinct, autonomous business units. The company has hired Lazard, Inc. (LAZ) to explore options for the business, including the possible sale of certain...
In response to recent media speculation, Woodside (WDS, WDS.AX)confirms that it is not aware of any proposal and is not in discussions regarding a potential transaction with Exxon Mobil Corp.(XOM). The company will continue to comply fully with its continuous disclosure obligations. Reports last week...
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.