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Geron Stock Jumps 18% as Rytelo Sales Align with Guidance
Geron (GERN) shares jumped 18% as Q2 Rytelo sales of $57.5M edged closer to guidance midpoint, with management raising revenue expectations.
Reddit stock slips below buyback price amid Google search concerns
Reddit shares dropped below its recent buyback price as investor concerns over Google search threats outweighed strong ad revenue growth.
Dow Hits Record as Three Stocks Drive Nearly a Third of Rally
The Dow Jones Industrial Average hit a record high, with Caterpillar, Amgen, and Nvidia accounting for nearly a third of the two-day advance. Friday's jobs report could test the rally's breadth.
AT&T Stock Slips as SpaceX Unveils Starlink Mobile Network
AT&T shares dropped 2% as SpaceX revealed Starlink's terrestrial mobile network, raising competitive fears. Verizon and T-Mobile also declined.
Santander Hits 52-Week High as Webster Deal Clears Final Hurdle
Santander shares reached a 52-week high after the Fed approved its Webster acquisition. The deal closes Aug. 20, with focus on EPS accretion and cost savings.
AI Talent Wars Drive Meta's Stock Compensation to $7.66B, Amazon Gains from Anthropic Stake
Meta's stock compensation jumped 58% to $7.66B in Q2, while Amazon reported a $53.4B gain from its Anthropic stake, highlighting the financial impact of AI talent wars.
Dow Rises on Rate-Sensitive Gains While Market Breadth Weakens
The Dow gained 0.87% even as private payrolls missed forecasts and ISM prices jumped. Nasdaq and small caps declined, with weak breadth and healthcare outperforming tech.
EA’s $55B Buyout Closes at $210 as Bookings Miss Forecast
EA’s $55B buyout finalized at $210/share, a 24.8% premium, despite Q1 bookings falling 8.8% short of estimates. Deal closed after Tuesday's close; trading halted.