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INEOS to Shut Hull Acetyls Plants on 12x US Gas Costs
INEOS is mothballing its three Hull acetyls plants, Europe's last world-scale units, citing gas costs 12 times higher than in the US. Celanese and Eastman shares gained.
Amazon Earmarks $1.9B for Delivery Network, Stock Dips 0.6%
Amazon will invest $1.9 billion in its contracted delivery network for 2027, raising average driver pay to about $24 per hour. Shares fell 0.6%.
Viking Surges 24% as Monthly VK2735 Retains 85% Weight Loss
Viking Therapeutics (VKTX) soared 24% premarket after monthly VK2735 dosing preserved 85% of prior weight loss, signaling strong potential for its obesity pipeline.
Felix & Paul Studios Files Bankruptcy with $34.5M Debt, Assets Sold for $350K
Montreal immersive-media firm Felix & Paul Studios filed for bankruptcy with $34.5M in liabilities. A $350K asset sale preserves five jobs, while National Bank of Canada holds a $3.1M secured claim.
Nvidia Rises 2.3% Ahead of Xi Visit, But AMD and Intel Outshine
Nvidia closed at $227.38, up 2.30%, but underperformed AMD and Intel. The White House will host Xi Jinping on September 24, with Nvidia's guidance assuming zero China data-center revenue.
Wabtec Lands $700M Guinea Rail Deal After Hours
Wabtec signed a $700M+ rail-services agreement for Guinea's Simandou iron-ore project after Monday's close, equal to 2.3% of its June backlog.
Titan's A$1.15 Bid Sends Global Lithium Up 50%, Spread at 15%
Global Lithium (ASX:GL1) jumped 49.9% to A$0.997 after Titan Australia offered A$1.15 per share, leaving a 15.3% spread as investors weigh deal risks.
Ryan Cohen Boosts GameStop Stake with $26.4 Million Share Purchase
GameStop CEO Ryan Cohen purchased 1,150,680 shares for $26.39 million, increasing his beneficial stake to 8.7%. The stock rose 3.21% in after-hours trading.
Robinhood Rallies 2.9% as Bernstein's $160 Target Defies 54.5x P/E
Robinhood rose 2.9% to $123.30, extending a two-day gain of 12.3%. Bernstein's $160 target implies 29.8% upside, but the stock trades at 54.5x trailing earnings.
AMC Stock Jumps 7% on $3.97B Refinancing, but High-Cost Loan Raises Concerns
AMC shares climbed 7% after unveiling a $3.97 billion refinancing, but the package includes a pricey $1.12 billion loan at 11.25% fixed interest.
GM Confirms 8.3L Duramax for 2027 HD Trucks; Stock Rises 2.1%
General Motors confirmed an 8.3-liter Duramax diesel for its 2027 heavy-duty pickups, sending shares up 2.1% to $83.95. Key specs and pricing remain undisclosed.
Nasdaq Hits Record as Tech Soars, Oil Retreats
The Nasdaq Composite surged to a record close, up 2.3%, while the S&P 500 finished just shy of its peak. Oil prices fell sharply, easing inflation worries.