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Deere Shares Slide 7% Despite Earnings Beat as Farm Demand Stays Weak
Deere & Co shares dropped 7.1% after beating quarterly forecasts but maintaining its full-year profit outlook, with large agriculture sales falling 14%.
Ford Stock Edges Up After DOE Loan Restructure for Kentucky Battery Plant
Ford shares rose 0.9% after assuming a $3.805B DOE loan for a Kentucky battery plant and exiting the BlueOval SK joint venture.
IREN Surges on Nvidia Cloud Deal and Convertible Note Offering
IREN shares jumped 5.7% to $55.71 after revealing a $3.4 billion Nvidia cloud contract and $3.0 billion in convertible-note financing, with trading volume reaching 19.4 million shares.
Xanadu Stock Surges on $300M Capital Plan and Quantum Breakthrough
Xanadu shares jumped 8.9% after the company announced a $300M equity facility and a quantum algorithm update that could halve the cost of key operations.
GlobalFoundries Stock Surges on $375M US Quantum Chip Funding
GlobalFoundries shares surged 12.7% to $79.75 after the US Department of Commerce signaled $375 million in support for quantum-chip manufacturing, with the company launching a new quantum technology unit.
Mister Car Wash Delisted After $3.1B Buyout Completion
Mister Car Wash (MCW) has been delisted from Nasdaq after Leonard Green & Partners completed its $3.1 billion take-private acquisition, with shareholders receiving $7.00 per share.
Apellis Delisted After Biogen's $5.3B Acquisition Closes
Biogen closed its $5.3 billion acquisition of Apellis, ending APLS trading on Nasdaq. Shareholders got $41 per share plus a CVR linked to Syfovre sales milestones.
Quantum Computing Stocks Surge on $2 Billion U.S. Government Investment
Quantum Computing Inc. shares jumped 12.2% to $10.73 amid a sector rally following a $2 billion U.S. government quantum investment. QCI was not a named recipient but saw gains alongside Rigetti and D-Wave.
Stellantis Unveils $70B Strategy to Revitalize Jeep, Ram, and European Brands
Stellantis launched a €60 billion five-year plan to boost profits, focusing on key brands like Jeep and Ram, with a goal of 25% revenue growth in North America.
Infleqtion Stock Rises on $100M Quantum Funding from Commerce Dept
Infleqtion shares gained 5.1% premarket after the U.S. Commerce Department signed a preliminary $100 million funding letter for its neutral-atom quantum computing project, which also grants the government stock.