Articles by Daniel Marsh
AeroVironment Plummets on SCAR Contract Uncertainty, Raymond James Downgrade
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform. The broker highlighted uncertainty surrounding the U.S. Space Force's $1.4 billion SCAR satellite-communications contract.
AeroVironment Plunges on Downgrade Amid SCAR Contract Uncertainty
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform, driven by uncertainty over a key U.S. Space Force contract.
Lilly Shares Slip Amid China Drug Approval, Focus on Obesity Pipeline
Eli Lilly shares declined 2.3% to $1,028.07 Monday despite broader market gains. The dip came as Innovent Biologics secured Chinese regulatory clearance for the cancer therapy Jaypirca, a drug developed with Lilly.
Lilly Shares Dip Amid Sector Weakness, Focus on Obesity Drug Pipeline
Eli Lilly shares declined 2.3% to $1,028.07 on Monday, underperforming the broader market. The focus remains on the company's obesity drug pipeline and an upcoming FDA review for its oral GLP-1 candidate, orforglipron.
AES Plunges 17% as $15 Buyout Deal Faces Scrutiny Over Timeline, Risk
Shares of AES Corp. tumbled 17% Monday after the power company agreed to a $15-per-share buyout, trading below the offer price as investors weigh a lengthy closing timeline and regulatory risks.
AES Plunges 17% on $15 Takeover Bid as Market Prices in Deal Risk
AES Corp shares fell sharply after the power company agreed to a $15-per-share buyout. The stock traded below the offer price as investors weighed a lengthy closing timeline and regulatory hurdles.
ISM Price Surge Stirs Inflation Fears as Stocks Await Jobs Data
Manufacturing input costs surged to their highest level since October 2022, according to the ISM report, while the S&P 500 ended nearly flat. Investors are now focused on key labor market data due later this week.
Dow Trims Losses as Oil Spike Fuels Inflation Worries
The Dow Jones Industrial Average recovered from deeper losses but remained down 0.14% by midday Monday as a sharp jump in oil prices stoked inflation fears. Early declines were led by Sherwin-Williams and 3M.
ASX 200 Hits Record High on Energy Surge, Financials Slump
The Australian benchmark index edged up to a new record close, driven by energy shares following a surge in oil prices. Financial stocks experienced their worst session in months.
ASX 200 Sees Record Finish as Energy Surges on Oil Spike
The Australian benchmark index edged up to a new closing peak of 9,200.9, supported by sharp gains in energy shares following a surge in oil prices. Financial stocks experienced significant pressure, declining 1.8%.