Latest News
Biogen Closes Apellis Takeover; CVR Offers Upside
Biogen completed its $41/share cash acquisition of Apellis, delisting the stock from Nasdaq. Shareholders also received a contingent value right that could pay up to $4 if Syfovre sales hit targets.
Vale Outperforms Slumping Brazil Market on Iron Ore Strength
Vale shares rose 0.76% in São Paulo on Friday, outperforming the falling Ibovespa, as iron ore prices held near 52-week highs and the company projected $1.5 billion in additional free cash flow from its iron ore unit in 2026.
Netflix's Ad Push Faces Market Test as Stock Holds Steady
Netflix shares closed at $87.02 Friday, up 0.09% but down 0.5% from last week. The company announced its ad-supported plan now reaches over 250 million global viewers, with expansion to 15 more countries by 2027.
Palantir's Upbeat Forecast Fails to Lift Stock as AI Rally Stalls
Palantir closed at $133.99 on Friday, down 2.8% from May 8, despite raising its 2026 revenue outlook. The Nasdaq ended a six-week rally as oil and yields weighed on AI stocks.
Bradesco Shares Slip as Credit Concerns Weigh on Brazil's Market
Bradesco preferred shares declined 4.84% over the past week to R$17.69, as rising credit costs and political uncertainty offset a 16.1% increase in first-quarter net income.
ServiceNow Gains Ahead of Key Week After Debt Sale and AI Focus
ServiceNow shares rose 5.05% to $95.07, outperforming major indexes, after completing a $4 billion debt offering to fund its Armis acquisition.
Coeur Mining Drops 9% as Dividend Date Approaches
Coeur Mining shares dropped 9% on Friday to $17.61, with a dividend record date of May 22. Analyst downgrade and falling metals prices pressure the stock.
Pfizer Faces Investor Scrutiny After Weekly Decline Amid Pipeline Concerns
Pfizer shares dropped 1.63% on Friday to $25.33, lagging the S&P 500. Despite a 5% revenue increase and reaffirmed 2026 guidance, investor caution persists over pipeline risks and competitive pressure from Eli Lilly.
American Airlines Faces Fuel Cost Headwinds Ahead of Memorial Day
American Airlines shares dropped 3% Friday as rising oil prices and a $4 billion fuel cost hike pressured the carrier, which still expects a record 4.2 million travelers over Memorial Day.
CoStar Leaves Nasdaq-100: What Investors Should Know
CoStar Group will be removed from the Nasdaq-100 index before Monday's open, replaced by Lumentum. The stock rose 2.6% Friday on heavy volume as index funds adjust.
