Monday, Lucid Group, Inc. (LCID) announced its decision to cut its U.S. workforce by approximately 18 percent as part of its plan to advance the company toward profitability and positive cash flow generation. The layoff, which will impact full-time employees, contractors and hourly production workers...
Biopharmaceutical company AbbVie, Inc. announced Monday an agreement to acquire inflammatory and immunological drug maker Apogee Therapeutics for $135.11 per share in cash, for a total equity value of around $10.9 billion. Following the news, AbbVie shares are gaining 4 percent, while Apogee shares are surging around 47 percent.
Monday, NVIDIA Corporation (NVDA) announced the launch of Halos for Robotics, a first full-stack, comprehensive safety system for robotics and physical AI that unifies AI compute and safety. The platform combines AI computing, software, sensors, safety applications, and inspection tools into a unified...
TPG Inc. (TPG), an alternative asset management firm, on Monday announced the appointment of Axel Andr as chief financial officer, effective July 27, 2026. Andr will succeed Jack Weingart, who will transition fully to his role as chief executive officer of TPG's Global Wealth Solutions business. Weingart...
Oil major Chevron Corp. (CVX) announced on Monday that its unit, Energy Forge One LLC signed a deal with Microsoft Corp. (MSFT) to build a 2.67 gigawatt natural gas power plant in West Texas to supply a Microsoft-operated data center under a 20-year agreement. The project, known as Kilby, will co-locate...
Following the long holiday weekend, stocks may move to the upside in early trading on Monday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.1 percent. A slump by the price of crude oil may contribute to early strength on...
Exelixis, Inc. (EXEL) on Monday reported final analysis results from the phase 3 STELLAR-303 trial evaluating zanzalintinib in combination with Roche's Tecentriq versus regorafenib in previously treated non-microsatellite instability (MSI)-high metastatic colorectal cancer. In the STELLAR-303 trial,...
The U.S. weather forecasting agency has declared the advent of El Niño, and NASA says the natural, recurring phenomenon is bringing wetter conditions to the U.S. Southwest and drought to countries in the western Pacific, such as Indonesia and Australia. El Niño, characterized by warmer-than-normal water temperatures in parts of the equatorial Pacific, made its return earlier this month. Observat
Monday, Upexi, Inc. (UPXI) announced a securities purchase agreement with an existing accredited investor for the purchase and sale of about 12.2 million shares of common stock at $1.60 per share. The Solana-focused digital asset treasury company and consumer brands owner added that the total pricing...
Egypt's long-awaited dream of a World Cup victory finally became a reality on Sunday, as Mohamed Salah led the team to a 3-1 victory against New Zealand - 92 years after their first appearance in this tournament. The Egypt captain not only scored the winning goal against New Zealand, but became the first Egyptian to score in two editions of the global showpiece. New Zealand started aggressively
Renewable metals firm Comstock Resources, Inc. (CRK) announced on Monday that it has agreed to sell its mineral, mining and processing subsidiaries to Mackay Precious Metals Inc. for more than $45 million. The deal includes over $30 million in cash and stock payments, a retained 1.5% royalty, and...
old prices declined on Monday amidst the progress in diplomatic efforts to end hostilities between the U.S. and Iran.
HawkEye 360, Inc. (HAWK) announced Monday net loss attributable to common shareholders for the first quarter of $9.54 million or $1.14 per share, sharply wider than $2.14 million or $0.30 per share in the prior-year quarter. Total revenues for the quarter surge to a record $49.80 million from $23.0...
Crude oil prices declined on Monday as investors assessed the encouraging progress in talks between the U.S. and Iran held in Switzerland.
NRx Pharmaceuticals, Inc. (NRXP), Monday announced that the Food and Drug Administration has approved an Intermediate Population Expanded Access Protocol for the use of NRX-101, a fixed dose combination of D-cycloserine and lurasidone for the augmentation of accelerated Transcranial Magnetic Stimulation...
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.