Latest News
Intellia's $400M Credit Deal: Modest Initial Draw, Dilution Risk Lingers
Intellia's $400M credit facility starts with just $75M, leaving future tranches conditional. The stock barely moved, as dilution risk persists with an ATM program still active.
PG&E Rebounds 2.4% as $2B Capex Cut Balances Debt Relief with Growth Concerns
PG&E shares gained 2.4% to $14.30 after cutting its 2027 capex by $2 billion, easing debt needs but raising growth concerns. The stock still sits 20% below late August levels.
Crude Settles at $91.48 as OPEC+ Meeting Looms; Physical Flows Key
WTI settled at $91.48, up 9.7% on the week, ahead of OPEC+ meeting. Quota headlines may matter less than physical exports as shipping constraints persist.
PayPal Slides 3.3% as India Job Cuts Spotlight $400M Savings Drive
PayPal shares dropped 3.3% after confirming 220 India job cuts, part of a $400M savings initiative. The stock closed at $54.96, 9.2% below the abandoned takeover bid.
USA Rare Earth Stock Reverses Gains After Serra Verde Deal Dilution
USA Rare Earth (USAR) shares reversed a 9% gain after closing its Serra Verde deal, issuing 126.85 million shares. The pro forma dilution and production targets weigh on sentiment.
Sydney Property Market: Indexes Clash on August Price Drop
Sydney home prices are falling, but two major indexes disagree on the pace: PropTrack says 0.3% monthly drop, while Cotality reports 1.4%.
BorgWarner Reaffirms AI Power Push: $300M Target, 2 GW Capacity
BorgWarner reaffirmed its AI data-center power target, expecting $300M in first-year sales and 2 GW capacity by 2027. The stock rose 2.8% on Friday.
Aehr Test Systems Surges 13% on Heavy Volume, Valuation Still Lofty
Aehr Test Systems shares surged 13.1% on Friday to $86.26, but the stock remains 40.8% below its August peak. The $2.81 billion valuation is 18.8-21.6 times fiscal 2027 revenue guidance, leaving little room for error.
Geely Cuts EX2 Price in Brazil as 35% EV Tariff Nears
Geely Auto (HKG:0175) launches a Brazilian direct-sales program with a 7% discount on its EX2 EV, as a 35% import tariff raises the stakes for local production. Shares have slipped 9% in a month despite strong export growth.
XTEND Debuts at $6.19, But $75M Earnout Looms Large
XTEND AI Robotics (NYSE:XTND) closed its first trading day at $6.19, but the real challenge lies in its merger agreement: a $64.42 million second-half revenue target to unlock the first earnout.
Solana Holds $102 as Payment Benchmark Tests Token Economics
Solana holds near $101.82 as a new payment benchmark shows off-chain capacity, raising questions about SOL value capture. Stablecoin and DeFi data add context.
PDS Biotech Diverts All New Equity Cash to Lender Amid Funding Crunch
PDS Biotech's lender now takes 100% of net cash from new equity deals outside its ATM until a $6M promissory note is repaid, worsening an already tight funding situation.