Markets News
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Wolfspeed Rallies on Stake Disclosure and Executive Shakeup Ahead of Earnings
Wolfspeed shares jumped after a group tied to Susquehanna disclosed a 5% stake. New executives and debt refinancing signal turnaround efforts before earnings.
Esperion to Be Acquired by ARCHIMED in $1.1 Billion Deal, Shares Jump 56%
ARCHIMED will acquire Esperion Therapeutics for $3.16 per share in cash plus contingent value rights, valuing the deal at up to $1.1 billion. Esperion shares surged 56% on the news.
Rivian Shares Dip as Reduced Georgia Loan Casts Shadow on R2 SUV Ambitions
Rivian shares slid 5.7% after a reduced federal loan for its Georgia factory raised questions about its R2 SUV strategy. The company reported Q1 revenue of $1.38 billion and a narrowed net loss.
Spirit Airlines Faces Imminent Closure After $500M Federal Rescue Fails
Spirit Airlines is preparing to shut down after failing to secure a $500 million U.S. bailout, jeopardizing over 17,000 jobs and billions in claims.
Ciena Shares Face Valuation Check as $416 Target Highlights Priced-In AI Hopes
Ciena shares face a valuation reality check after Rothschild & Co Redburn set a $416 target, nearly 22% below the current price, as much of the AI networking optimism appears already priced in.
Cue Biopharma Rockets 91% on Allergy Drug License, CEO Change, and $30M Capital Raise
Cue Biopharma shares soared 91.4% after licensing Ascendant-221, a Phase 2 anti-IgE antibody, naming Shao-Lee Lin as CEO, and raising $30 million.
Vanguard Takes 7.5% AEP Stake as Jennison Trims Ahead of Earnings
Vanguard disclosed a 7.51% passive stake in AEP, while Jennison trimmed and the Texas pension fund increased its position ahead of the utility's May 5 earnings call.
Major Stake in CenterPoint Energy Revealed by Vanguard
Vanguard revealed a 49.4 million-share stake in CenterPoint Energy, as the utility posts higher Q1 earnings and a steady dividend amid rising data center demand.
PennyMac Faces Dual Probes After 33% Stock Crash Ahead of Q1 Earnings
Two shareholder-rights firms are probing PennyMac Financial Services for potential misleading statements before a 33% stock drop in January. The company reports Q1 earnings on May 5.
American Water Works Unveils 2026 Grant Recipients Amid Infrastructure Spending and Merger Developments
American Water Works (AWK) awarded over $1.5M in grants to 86 groups across 13 states, while reaffirming 2026 EPS guidance and $3.7B in planned investments. Shares fell 2.69%.