Williams Secures $5.34B Power Deal to Ease Funding Strain, Premium Valuation Persists
Markets Daniel Marsh

Williams Secures $5.34B Power Deal to Ease Funding Strain, Premium Valuation Persists

Williams (NYSE:WMB) has signed a $5.34 billion power contract with a Blackstone-led consortium, easing funding pressure but leaving its stock trading at a premium multiple.

WMB BX APO KKR KMI OKE TRGP
Douglas Dynamics Rebounds on Margin Optimism
Earnings James Calloway

Douglas Dynamics Rebounds on Margin Optimism

Shares of Douglas Dynamics (NYSE:PLOW) gained 3.7% last week, beating the Russell 2000 by 4.2 percentage points, as the market focuses on margin expansion prospects.

PLOW
GameStop's eBay Stake Nearly Equals Its Own Market Cap
Markets Daniel Marsh

GameStop's eBay Stake Nearly Equals Its Own Market Cap

GameStop's 9.8% stake in eBay, valued at $4.86 billion, is nearly half its own market cap. A $1 change in eBay moves GME by 9.7 cents.

GME EBAY
ImmunityBio Faces Key Warrant Expiry Test on July 24 After Friday Rebound
Markets Daniel Marsh

ImmunityBio Faces Key Warrant Expiry Test on July 24 After Friday Rebound

ImmunityBio (NASDAQ:IBRX) faces a crucial warrant expiry on July 24, with up to 6.4 million shares potentially exercised, testing trading liquidity after a Friday rebound.

IBRX PIPR
SELLAS Life Sciences Stock Jumps 12% Ahead of Key Trial Results
Markets Daniel Marsh

SELLAS Life Sciences Stock Jumps 12% Ahead of Key Trial Results

SELLAS Life Sciences rose 12.3% on Friday, closing at $13.19, with a market cap discrepancy of $319 million ahead of REGAL trial results.

SLS SNDX KURA
Synopsys Plunges 7.85% as Moonshot AI's Open-Source Chip Demo Rattles EDA Sector
Markets Daniel Marsh

Synopsys Plunges 7.85% as Moonshot AI's Open-Source Chip Demo Rattles EDA Sector

Synopsys (SNPS) tumbled 7.85% on Friday, wiping out $6.27 billion in market value after Moonshot AI showcased an open-source chip design tool.

SNPS CDNS GOOGL INTC
ARK Invest Boosts SpaceX Stake Amid Pre-Starship Selloff
Markets Daniel Marsh

ARK Invest Boosts SpaceX Stake Amid Pre-Starship Selloff

ARK Invest increased its SpaceX holdings by 20% on Friday, acquiring 147,805 shares as the stock fell 14.7% for the week ahead of Starship's retry.

ARKK DE
Iovance Biotherapeutics Soars 18% as Amtagvi Sales Target Nears
Earnings James Calloway

Iovance Biotherapeutics Soars 18% as Amtagvi Sales Target Nears

Iovance Biotherapeutics (IOVA) shares jumped 18% as investors focus on the upcoming sales test for Amtagvi, with second-quarter revenue guidance of $86-$88 million.

IOVA XBI
GameStop Takes 9.8% Stake in eBay, Posing Takeover Challenge
Markets Daniel Marsh

GameStop Takes 9.8% Stake in eBay, Posing Takeover Challenge

GameStop revealed a 9.8% stake in eBay, including direct voting rights, ahead of Monday's trading. The $125 offer is 11.5% above Friday's close.

EBAY GME AMZN
Fidelity ESG ETF Debuts with $850M on One-Day Volume Surge
Markets Daniel Marsh

Fidelity ESG ETF Debuts with $850M on One-Day Volume Surge

Fidelity's MSCI North American Subset Index ETF (FINA) reached $850 million in assets after a single-day trading surge, with over 99.9% of volume on Monday.

MSCI
Lucid Stock Surges 33% as Investors Eye August Cash Burn Test
Markets Daniel Marsh

Lucid Stock Surges 33% as Investors Eye August Cash Burn Test

Lucid shares surged 33% as investors await August results to gauge cash burn. Production gap narrowed 66% sequentially.

LCID TSLA
US Diesel Hits $5.088 as Geopolitical Tensions Boost Refiner Margins and Shipping Costs
Commodities Rebecca Torres

US Diesel Hits $5.088 as Geopolitical Tensions Boost Refiner Margins and Shipping Costs

US diesel prices hit $5.088 per gallon, with the premium over gasoline nearly doubling from last year, driven by geopolitical tensions rather than domestic demand.

VLO PSX MPC FDX UPS USO