Shares of USA Rare Earth climbed 5.9% on Monday, reaching $23.28, after the company confirmed the commissioning of its hydrometallurgical demonstration plant in Wheat Ridge, Colorado. This facility marks a significant step toward domestic production of separated heavy rare-earth oxides, a market currently dominated by Chinese suppliers.
With the Commodity Futures Trading Commission clearing the way for perpetual contracts, Kraken is poised to expand its U.S. derivative offerings. The platform confirmed Friday that American traders will soon gain access to these instruments through its professional-grade interface, marking a significant shift in domestic crypto-asset speculation.
Geopolitical friction in the Middle East has stalled key offshore projects for Coda Octopus Group, yet the underwater technology firm reported a significant surge in second-quarter profitability. Investors responded to the financial uptick on Monday, pushing company shares up 4.5% to reach $11.41 per share.
Two failed late-stage clinical trials have forced Neumora Therapeutics to scrap its lead drug candidate, navacaprant, and initiate a significant corporate restructuring. The Watertown-based biopharmaceutical company confirmed Monday that the drug failed to meet primary or key secondary endpoints in studies targeting major depressive disorder.
Canada’s residential construction sector slowed in May, with housing starts dropping 6.1% to a seasonally adjusted annualized rate of 261,377 units. While the figure outperformed analyst predictions of 255,000, the decline signals persistent fragility in an industry that previously served as a primary driver for the national economy.
A C$3.7 million contract awarded to MDA Space’s defense subsidiary, 49North, will provide the Royal Canadian Air Force with a sophisticated Coalition Shared Database. The system is designed to integrate Canada’s new fleet of MQ-9B drones into NATO’s intelligence-sharing network while maintaining strict sovereignty over sensitive national security data.
Shares of Generac surged 4.6% to $274.35 in Monday’s premarket trading after the company announced the acquisition of a new facility in Belvidere, Illinois. The expansion targets the growing demand for large-megawatt generators, specifically for mission-critical industries and data centers that require constant, reliable backup power.
Nearly 1,000 workers at Alcoa’s Warrick and Massena smelters have secured a new employment contract, ending uncertainty for two of the company's major U.S. hubs. The agreement, ratified by a wide margin, locks in labor terms through mid-2030, marking a period of stability for the aluminum producer's domestic operations.
John Festival, the current chair of Advantage Energy, has stepped into the role of interim chief executive following the abrupt departure of Michael Belenkie. The transition arrives as the Canadian gas producer prepares to scale output at its newly finished Progress facility to record volumes later this year.
Andrew Gengos has stepped into the role of chief financial officer at Immuneering, a clinical-stage oncology firm. His appointment follows his tenure at Terns Pharmaceuticals, where he directed finance and corporate development until the company’s recent acquisition by Merck & Co. last month.
After three generations of family leadership, the Canadian wine producer Andrew Peller is changing hands. Fairfax Financial Holdings has agreed to acquire the vintner in an all-cash deal valued at C$579 million, marking the end of a long-standing era for the winery founded by Hungarian immigrant Andrew Peller in 1927.
Shares of Elicio Therapeutics cratered 51% in premarket trading Monday, sinking to $7.30 after the company announced its lead experimental treatment failed to meet primary endpoints in a phase 2 clinical trial involving patients with pancreatic ductal adenocarcinoma, the most aggressive form of the disease.
Natural Gas Services Group is deepening its reach in the Permian Basin and Eagle Ford with the $120 million acquisition of Flatrock Compression Holdings. The deal, finalized Monday, combines $110 million in cash with $10 million in stock to consolidate a larger share of the energy compression equipment market.
After Amy Taylor stepped down to lead the Angel City Football Club, Zevia PBC has tapped board director Alexandre Ruberti as its new president and chief executive. Ruberti, a veteran of Red Bull and Future Farm, inherits a soft-drink company currently tracking toward the top of its quarterly performance projections.
Sherritt International has locked into a 120-day exclusivity period with Gillon Capital to finalize a deal that would hand the private family office a controlling interest in the Canadian miner. The agreement marks a critical step toward a proposed private placement involving financier Ray Washburne’s investment arm.
A 20 percent surge in cannabis revenue helped Canopy Growth narrow its fourth-quarter losses to 154.7 million Canadian dollars, a significant improvement from the 196 million Canadian dollars lost during the same period last year, even as the company missed broader quarterly revenue expectations by roughly 3 million Canadian dollars.
A 14% premarket slide hit Fox shares Monday morning after the media giant unveiled plans to acquire streaming platform Roku for $22 billion. The deal, which includes debt, marks a significant shift for the broadcaster as it attempts to merge traditional entertainment assets with a dominant connected TV ecosystem.
Two investment firms are turning up the heat on WUS Printed Circuit, arguing the Taiwan-based manufacturer remains severely undervalued despite its central role in the global AI supply chain. With shares trading at a massive discount to net asset value, activists are now proposing radical structural changes to bridge the gap.
With C$90 million in synergies already realized since acquiring Plains’ Canadian natural-gas-liquids assets, Keyera is raising its expectations. The company now projects annual run-rate synergies of up to C$140 million, signaling a shift toward long-term expansion for its enlarged midstream platform through 2029.
A $157.5 million acquisition of Comtech Telecommunications’ satellite and space-communications division is set to transform Gilat Satellite Networks into a broader defense and space technology powerhouse. The deal, announced Monday, marks a strategic pivot for Gilat as it moves to scale its presence in high-stakes government and aerospace programs.
State market authorities summoned Walmart executives this week, demanding a rigorous overhaul of food-safety protocols across Sam’s Club locations and digital platforms. The intervention follows a series of reported incidents that forced regulators to confront the retail giant over supply chain failures and compliance gaps in the Chinese market.
Norway’s largest oil field is set for a fresh development phase after Equinor confirmed new discoveries at Johan Sverdrup. Appraisal wells in the North Sea site have yielded between 20 million and 30 million barrels of oil equivalent, providing a substantial boost to the project's long-term production outlook.
Frontier International posted a sharp increase in annual profit for the fiscal year ending April 30, with net earnings climbing to ¥1.25 billion. The Tokyo-listed company outperformed its previous year’s result of ¥876 million, bolstered by a significant expansion in total revenue over the twelve-month period.
Ascentech K.K. reported a sharp contraction in its first-quarter performance for the period ending April 30, with net profit falling to 249 million yen from 791 million yen a year prior. The steep decline reflects a broader struggle for the Japanese firm as revenue dropped significantly against the previous year’s figures.
A net loss of 896 million yen for the six months ending April 30 signals a deepening financial deficit for Tsuchiya Holdings Co. Ltd. compared to the 697 million yen loss reported during the same period last year, according to the company’s latest financial statement released under Japanese accounting standards.
Kushim Inc. reported a significant reduction in net losses for the half-year ending April 30, posting a deficit of 244 million yen compared to the 1.01 billion yen loss recorded during the same period last year. The shift reflects a leaner operating profile despite the company remaining in negative territory.
A steep decline in bottom-line performance hit CAICA Inc. as net profit dropped to 52 million yen for the half-year ending April 30, a sharp contraction from the 551 million yen reported during the same period last year, according to the company’s latest financial filing under Japanese accounting standards.
System D Inc. reported a net profit of 410 million yen for the half-year ending April 30, marking an 8% decline compared to the 446 million yen recorded during the same period last year. Earnings per share dropped to 21.31 yen from 23.21 yen, even as top-line revenue moved in the opposite direction.
Prored Partners reported a net profit of 183 million yen for the half-year ending April 30, marking a notable increase from the 123 million yen recorded during the same period last year. Despite the bottom-line growth, the firm faced a significant contraction in top-line revenue and operating margins.
GIFT Inc. reported a significant jump in profitability for the first half of the fiscal year ending April 30, with net profit reaching 1.76 billion yen compared to 1.03 billion yen during the same period last year, according to financial results released under Japanese accounting standards.
