Articles by Daniel Marsh
Novo Nordisk Shares Slide 4% Despite Wegovy Pill Prescriptions Surpassing 3 Million
Novo Nordisk shares dropped over 4% despite the Wegovy pill hitting 3 million U.S. prescriptions, as investors weighed profit margins against fierce competition from Eli Lilly and AstraZeneca.
Mingteng Stock Surges 81% After Halting $100M Share Sale
Mingteng International shares surged 81% after ending its at-the-market stock sale plan, raising $20.6 million. Trading volume hit 24.2 million shares.
T1 Energy Slides on KORE Power Deal's Dilution Risk
T1 Energy shares dropped 3.2% to $9.13 after an SEC filing disclosed up to $24.7 million in stock-based payments for its $32 million KORE Power acquisition, spotlighting dilution risks.
Cummins Shares Surge After UBS Upgrade on AI Data Center Demand
UBS upgraded Cummins to Buy and raised its target to $850, citing surging AI data center backup power demand and a stronger North American truck cycle.
SmartKem Surges 100% on SRx Health Stake, Listing Peril Looms
SmartKem shares doubled after SRx Health Solutions announced a 4.99% stake and convertible preferred securities, offering a lifeline as the company faces a September 1 Nasdaq delisting deadline.
Texxon Shares Surge 284% in Wild Trading Session, Halted Six Times
Texxon shares surged 284% to $4.95, briefly hitting $12, with six trading halts. Volume exceeded 141 million shares, six times outstanding. The company warned of sharp, non-fundamental price swings.
June 10 Social Security Payments Arrive Amid Looming Trust Fund Crisis
Social Security payments for June 10 are being distributed, but a report warns of a 24% benefit cut by 2032 if the trust fund is depleted.
Snap Stock Slips Despite Credit Upgrade as Ad Market Woes Persist
Snap shares fell 2.1% to $5.64 on Monday, failing to join a broader tech rally, as market doubts about its ad business resilience persist despite a recent credit upgrade.
Lloyds Shares Near Pound as Buyback, Rate Cuts, and Economic Stability Shape Outlook
Lloyds Banking Group shares slipped 0.1% to 99.06p amid a share buyback and mortgage rate cuts, with CFO William Chalmers citing a stable UK outlook and forecasting net interest income above £14.9 billion for 2026.
