Shares of Arrowhead Pharmaceuticals climbed 21% to $90.50 on Wednesday following news that its drug plozasiran met all primary and secondary endpoints in Phase 3 clinical trials. The treatment targets severe hypertriglyceridemia, a condition that poses a heightened risk of acute pancreatitis for patients struggling with high triglyceride levels.
As global electric vehicle production shifts, the cost of raw inputs remains a critical barometer for the industry. Benchmark Mineral Intelligence reports that lithium carbonate currently holds at 21,725 dollars per metric ton, reflecting the ongoing price volatility across China's domestic supply chain for battery-grade minerals.
Shares of Ondas jumped 7.7% to $8.25 following the company’s announcement that it secured $70 million in new defense and security contracts over the last four weeks. Despite the sudden rally, the stock remains down 15% for the year, reflecting a volatile period for the technology firm.
Kuwait Oil has tapped Halliburton for a multi-year partnership centered on the Ahmadi Innovation Valley, a strategic move aimed at modernizing the nation's energy production. The agreement signals a departure from standard field services toward a collaborative model for developing advanced technologies across Kuwait’s upstream assets.
A sharp 13% decline in DSV shares to 1,452 Danish kroner signaled investor alarm on Wednesday, as the logistics giant warned that regional instability in the Middle East and internal performance gaps in its road transport division could weigh heavily on its financial outlook for the remainder of the year.
Investors pushed Wabtec shares up 11% to $293.13 after the industrial technology firm delivered second-quarter results that outpaced Wall Street expectations. The stock has now climbed 37% since January, driven by a surge in revenue and a sharp increase in net income compared to the same period last year.
A 25-year energy agreement between OpenAI and Georgia Power will anchor a massive new data center in Effingham County, marking the AI firm’s shift from cloud tenant to primary infrastructure developer. The project aims to secure 3,200 megawatts of electricity by 2032 to fuel the next generation of artificial intelligence.
Canada Mortgage and Housing Corp. has downgraded its residential market forecast, citing a volatile mix of trade uncertainty, stalled population growth, and persistent borrowing costs. The agency now anticipates further price declines through 2026, marking a second major industry revision as potential buyers remain sidelined by weak economic conditions.
Infleqtion shares climbed 7.2% to $10.59 in late morning trading following news that the company secured three distinct project awards under the Department of Energy’s Genesis Mission. The gains arrive as a welcome reprieve for the firm, which has seen its stock price slide 32% since the start of the year.
Unexpected shifts in import and export activity drove U.S. commercial crude oil stockpiles upward by 2 million barrels last week. The Energy Information Administration reported inventories reached 411.7 million barrels for the period ending July 17, catching analysts off guard who had forecast a draw of 1 million barrels.
A massive $1.47 billion order for mobile gas turbine generators has landed at FTAI Aviation, marking a critical expansion of the company's J&F Power Systems joint venture. The agreement, signed with an undisclosed international cloud provider, aims to accelerate the rapid construction of power infrastructure required for data center operations.
Shares of Swedish oat-milk producer Oatly Group climbed 16% to $10.50 in Wednesday premarket trading, following a second-quarter report that surpassed Wall Street expectations and prompted the company to raise its full-year growth outlook, despite a year-to-date decline in the stock's overall market value.
Investors are looking past second-quarter profit expectations as UniCredit prepares to report earnings this Thursday. With a 47.6% stake in Germany’s Commerzbank now secured, market scrutiny centers on how the Italian lender plans to leverage its de-facto control over the Frankfurt-based institution amid a broader wave of European banking consolidation.
German authorities descended on Deutsche Bank’s Frankfurt headquarters on Wednesday, marking the latest escalation in a long-running investigation into historical dividend tax practices. Prosecutors from Duesseldorf confirmed the operation, targeting transactions conducted through the Postbank unit between 2008 and 2010, shortly before the lender finalized its acquisition of the division.
A five-year expansion of Manulife Financial’s partnership with Microsoft aims to transform the Canadian insurer into an AI-driven financial powerhouse. By integrating advanced agentic systems across its global workforce, the company targets a billion-dollar boost in enterprise value by 2027 through modernized operations and customer-facing efficiency.
With Roche set to report second-quarter figures this Thursday, market focus narrows on the commercial trajectory of the breast-cancer drug giredestrant. The Swiss pharmaceutical giant faces a critical juncture as it balances stagnant sales growth against the long-term potential of its upcoming diagnostics and oncology pipeline.
Bank of Nova Scotia anticipates an 82 million Canadian dollar boost to its fiscal third-quarter net income stemming from its strategic investment in KeyCorp. This figure accounts for associated funding costs and reflects the bank's reporting practice of utilizing a one-month lag for the regional lender's performance data.
Shares of RPM International jumped 8.3% to $110.00 in Wednesday's premarket trading, signaling investor confidence after the building-materials company reported a 7.2% revenue increase to $2.23 billion for the fiscal fourth quarter, alongside a positive outlook for the coming year despite lingering inflationary pressures.
After a difficult start to 2026 that saw its stock value erode by 15%, OceanaGold has received regulatory approval to execute a major capital reallocation. The Toronto-based producer plans to repurchase up to 22 million shares for cancellation, signaling a strategic effort to support its market valuation.
Surpassing its 2026 growth target two years ahead of schedule, Axe Compute has secured over $1.3 billion in AI infrastructure contracts. These agreements, spanning operations across the United States and Europe, signal a rapid expansion in the company's global capacity to deploy high-end graphics processing units for enterprise workloads.
A 6.2% premium over Tuesday's closing price marks the entry point for Waltham-based Repligen, which announced a $1.5 billion deal Wednesday to acquire the Washington-based developer BioLife Solutions. The move secures a critical foothold in the high-margin market for cell-processing tools and biopreservation media.
Oil futures surged on Wednesday, climbing past $95 a barrel as escalating conflicts in the Middle East and Ukraine tighten energy supplies. The sharp rebound, which marks a $20 increase since early July, is already driving pump prices above $4 a gallon and rekindling fears of persistent inflation across the economy.
After four decades in banking and 31 years at the helm of First Community Bank, CEO and president J. Ted Nissen will retire on December 31. The holding company confirmed the departure this week, signaling a significant shift in corporate structure that will split his current responsibilities into two distinct executive roles.
Investors in Irving-based drug wholesaler McKesson will see a 15% increase in their quarterly dividend, pushing the payout to 94 cents per share. This adjustment from the previous 82-cent rate reflects the company's latest capital allocation decision, announced Wednesday following board approval.
Four robotic arms embedded directly into a standard surgical table have cleared federal regulators for use in the operating room. Johnson & Johnson secured FDA marketing authorization this Wednesday for its Ottava system, a move that signals a major shift in how the company approaches soft-tissue surgery.
A 40% stake acquisition in the Donlin Gold project is set to transform NovaGold Resources into a streamlined U.S.-domiciled entity. By absorbing the remaining interest held by John Paulson’s firm, the company aims to accelerate development of the massive Alaskan deposit under a new $4.2 billion corporate structure.
Unauthorized access to customer files has triggered a wave of fraudulent lease-to-own agreements at Upbound Group, forcing the company to forecast a $13 million hit to its Acima division. The parent company of Rent-A-Center confirmed the breach while scrambling to tighten security protocols against ongoing illicit contract activity.
Otis Worldwide reported a sharp rise in second-quarter net income to $428 million, fueled by robust service segment sales that pushed total revenue to $3.86 billion. While the company outperformed analyst top-line expectations, a revised full-year outlook signaled caution regarding earnings per share for the remainder of the fiscal year.
A single stalled project has derailed Adtran’s financial trajectory, sending shares down 14% to $10.40 in pre-market trading Wednesday. The sharp decline marks a sudden reversal for the telecommunications equipment provider, which had enjoyed a 40% stock price rally throughout the current year prior to the announcement.
Finnish elevator manufacturer Kone has reaffirmed its full-year performance guidance, brushing off the impact of 47.7 million euros in one-off charges. These expenses stem directly from the company’s ambitious 20 billion euro bid to acquire German rival TK Elevator and ongoing internal restructuring efforts.
