Reported 12 days ago
INmune Bio announced that its Alzheimer's drug, XPro, did not enhance cognitive functions in early-stage patients during a mid-stage trial, leading to a nearly 63% drop in its stock price. Although the drug was found safe and well-tolerated, it failed to achieve its primary goal in the study involving 208 patients.
Source: YAHOO
Reported 12 days ago
Mercedes-Benz reports no disruptions in production despite concerns over limited raw material exports from China. Company executive Joerg Burzer confirmed that while they remain vigilant about supply chain risks, including rare earth shortages, they have not encountered any issues so far. The export restrictions imposed by China on certain rare earths are easing, allowing supply to resume, while Mercedes explores potential investments to enhance manufacturing stability in the U.S.
Source: YAHOO
Reported 12 days ago
On June 30, the US Senate advanced President Trump's tax bill, which could increase the national debt by $3.3 trillion over the next decade. Additionally, a new US-UK tariff deal has taken effect, benefiting British car manufacturers, while Canada has repealed its controversial tech tax to revive trade discussions with the US, previously stalled by rising tensions.
Source: YAHOO
Reported 12 days ago
Cato Networks, an Israeli cybersecurity firm, has raised $359 million in a funding round that values the company at over $4.8 billion. The investment reflects increasing demand for AI-driven security solutions, driven by rising cyber threats. The funding will support enhancements in Cato's AI capabilities, research and development, and global expansion. Founded in 2015, Cato offers integrated network and security services through its secure access service edge (SASE) platform.
Source: YAHOO
Reported 12 days ago
Advent International has agreed to purchase a majority stake in LayerZero Power Systems, a company that produces power infrastructure equipment for data centers, valued at approximately $1 billion. This acquisition comes amid growing demand for data center capacity driven by AI services like ChatGPT. LayerZero's products play a critical role in energy distribution for data centers, and Advent aims to enhance manufacturing capacity and customer reach while maintaining the founders as minority stakeholders.
Source: YAHOO
Reported 12 days ago
在美国与主要贸易伙伴的谈判乐观情绪的推动下，S&P 500和纳斯达克期货在周一触及历史新高。加拿大取消了对美国科技公司的数字服务税，这一举措旨在推动停滞的贸易谈判。此外，市场对美联储可能降息的预期也为股市提供了支持。虽然美国股市创下新高，但其首半年表现仍是自2022年以来的最弱。
Source: YAHOO
Reported 12 days ago
US-based I Squared Capital has withdrawn its plans to acquire Hong Kong's HKBN as a competing bid from China Mobile gains momentum. I Squared, which already owns HGC Global Communications in Hong Kong, struggled to secure necessary approvals for a formal bid and faced challenges in meeting the price required to outbid China Mobile, which has made an offer of HK$7.8 billion for HKBN.
Source: YAHOO
Reported 12 days ago
U.S. bond traders are enjoying strong profits as the first half of the year concludes, supported by expectations that the Federal Reserve will cut interest rates at least twice this year. With recent market trends showing near historic lows in bond yields and growing anticipation for the upcoming jobs report, investors are positioning for potential gains amid a backdrop of fluctuating economic conditions.
Source: YAHOO
Reported 12 days ago
Shares of Hong Kong-based crypto platform OSL Group surged 10% to their highest level in nearly four years after announcing the acquisition of Canadian crypto infrastructure provider Banxa. This deal, part of OSL's global expansion strategy, aims to capitalize on the rising interest in cryptocurrencies. With plans to issue stablecoins and expand into various regions, OSL positions itself to enhance cross-border payments amidst evolving market dynamics.
Source: YAHOO
Reported 12 days ago
JPMorgan Chase strategists believe that a slowdown in the U.S. job market will hinder the potential for gains in the S&P 500, potentially counteracting any benefits from the Federal Reserve's interest rate cuts. They predict that weaker labor data and rising inflation will lead to a less supportive environment for U.S. equities. Meanwhile, Morgan Stanley forecasts a rally in the market driven by anticipated rate cuts, with their economists expecting the Fed to reduce rates seven times in 2026, which could lift stock prices in the latter half of this year.
Source: YAHOO
Reported 12 days ago
Jefferies analyst James Heaney upgraded Disney's stock rating from Hold to Buy, citing limited risk of a parks slowdown, positive forecasts for the cruise business, margin expansion in direct-to-consumer sales, and a promising content slate over the next six months. Heaney set a price target of $144, indicating an 18% potential upside from the current share price of $124.84. Despite challenges within the media industry and an ongoing CEO search, Heaney remains optimistic about Disney's future growth.
Source: YAHOO
Reported 12 days ago
As the S&P 500 hits new highs, traders are increasingly purchasing call options, driven by a fear of missing out (FOMO) on its continued growth. This trend is evident through substantial investments in stocks like Nvidia, Uber, and Tesla. Despite rising speculation over a potential market bubble and mixed economic signals, the demand for equities persists, with retail investors contributing to this momentum. Strategists view this behavior as a response to optimism about economic recovery, albeit with caution regarding potential market risks.
Source: YAHOO
Reported 12 days ago
Israeli cybersecurity company Cato Networks announced the successful raising of $359 million in a new private funding round, which elevates its valuation to over $4.8 billion. The round saw participation from new investors like Vitruvian Partners and ION Crossover Partners, alongside existing investors such as Lightspeed Venture Partners. With this investment, Cato Networks has now raised over $1 billion in total, aiming to transform enterprise security for the digital and AI age.
Source: YAHOO
Reported 12 days ago
US banks saw an uptick in premarket trading after successfully passing the Federal Reserve's annual stress test, indicating their preparedness for potential economic downturns and enabling them to proceed with stock buybacks and dividends. The Fed's findings revealed that the 22 largest U.S. banks held strong capital levels despite potential losses, enhancing confidence in their ability to lend during crises. This positive outcome from the stress test is expected to attract more investor interest in the banking sector.
Source: YAHOO
Reported 12 days ago
U.S. energy firms are looking to build new natural gas pipelines in the Northeast to access Appalachian shale reserves, encouraged by pro-energy policies from the Trump administration and increasing demand expectations. Despite current constraints due to existing pipeline capacity and regulatory challenges, companies like Williams Cos and EQT are proposing expansions to improve infrastructure and meet domestic energy needs, with analysts predicting significant growth in gas demand driven by LNG exports and new technologies.
Source: YAHOO
Reported 12 days ago
Nvidia is currently leading the AI chip market, but experts warn that its dominance may be challenged as companies like AMD, Broadcom, and Huawei begin to expand their presence. With the growing restrictions on Nvidia's sales in China, competitors have a better opportunity to capture significant market share, suggesting that Nvidia's future could see a decrease in its overwhelming lead.
Source: YAHOO
Reported 12 days ago
Spotify has refreshed its Discover Weekly playlist, which offers new music suggestions every Monday, after ten years. Premium users will now find genre filter controls at the top of the playlist, allowing them to tailor their recommendations to preferred styles. This update aims to enhance user control over their music discovery experience, complementing other recent features that provide more influence over algorithm-driven suggestions.
Source: YAHOO
Reported 12 days ago
Boeing's $4.7 billion acquisition of Spirit AeroSystems Holdings is set to be investigated by the UK's Competition and Markets Authority for potential antitrust issues. The deal, which was announced last year with a total value of $8.3 billion including Spirit's debt, will be reviewed to assess its impact on competition in the UK. The CMA is expected to reach a decision by August 28 on whether to conclude the investigation or delve deeper.
Source: YAHOO
Reported 12 days ago
President Trump has revealed that a buyer for TikTok's US operations has been identified, although the specific buyer remains unnamed. The completion of the sale, however, hinges on obtaining approval from the Chinese government, which has historically resisted the transaction. The situation follows years of scrutiny and pressure on ByteDance, TikTok's parent company, to divest its US assets, amid ongoing trade tensions between the US and China.
Source: YAHOO
Reported 12 days ago
Gold prices rose slightly as the dollar weakened and Senate discussions continued on President Trump's $4.5 trillion tax proposal, with a crucial vote expected soon. With tariffs poised to resume, investors are analyzing potential trade agreements amidst ongoing geopolitical tensions. Despite a strong year for gold, concerns about the easing of Middle East tensions and improving economic indicators may lead to its first monthly decline.
Source: YAHOO
Reported 12 days ago
As the second quarter closes, major Wall Street banks are witnessing a rally in their stocks, contrasting with earlier stagnation caused by tariff announcements. Following a recovery in mergers, acquisitions, and IPOs, banks like JPMorgan Chase and Morgan Stanley have passed the Federal Reserve's stress tests, showcasing resilience and easing regulatory pressures. While investment banking revenues are projected to decline slightly, analysts believe a positive shift in market sentiment could bode well for the remainder of 2025, especially with a notable increase in tech-related deals.
Source: YAHOO
Reported 12 days ago
As Bitcoin thrives amid a bullish market driven by strong political backing, altcoins are suffering significant declines, losing over $300 billion in market value in 2025. This stark contrast highlights a shift towards Bitcoin's supremacy, leaving many once-promising digital assets in a precarious position, with concerns about their long-term viability. While some altcoins linked to successful DeFi projects continue to perform well, the overall landscape suggests a potential mass extinction for many less competitive cryptocurrencies.
Source: YAHOO
Reported 12 days ago
RBC Capital has reaffirmed its Outperform rating for UBS Group AG, despite lowering the price target from CHF31.50 to CHF29 due to concerns regarding Switzerland's 'Too Big To Fail' (TBTF) regulatory proposals. RBC believes the longer implementation timeline may allow UBS to manage the regulatory changes without harming shareholder payouts. While challenges remain, the firm sees potential for a positive outcome for UBS in the long run.
Source: YAHOO
Reported 12 days ago
Oppenheimer has reaffirmed its $95 price target and Outperform rating for DexCom, Inc. following Health and Human Services Secretary RFK Jr.'s announcement of a large-scale promotional campaign for wearables, particularly glucose monitoring devices. This initiative presents a promising opportunity for continuous glucose monitoring companies, with hints towards potential future coverage for over-the-counter CGMs. Recent advancements in CGM coverage for non-insulin Type 2 diabetes patients were also highlighted, including a DexCom-led trial set to conclude in late 2025 or early 2026.
Source: YAHOO
Reported 12 days ago
H.C. Wainwright has maintained its Buy rating for Vertex Pharmaceuticals (NASDAQ:VRTX) following promising results from the American Diabetes Association conference, where 83% of participants in Vertex’s zimislecel program achieved insulin independence. With a price target set at $550, the evaluation highlights the treatment's efficacy and Vertex’s strategic expansion beyond cystic fibrosis therapies.
Source: YAHOO