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Zcash Holds $1,000 as ETF Inflows Meet Short Squeeze
Zcash (ZEC) held above $1,000 on Friday after a short squeeze, with Grayscale's new ETF inflows nearly matching short liquidations.
Ionis Tumbles 9% as Heart Drug Trial Fails to Cut Events
Ionis Pharmaceuticals lost over $870 million in market value after its heart drug pelacarsen failed a Phase 3 trial. Shares fell 9.1% in after-hours trading.
Everpure Surges 2.2% After S&P 500 Inclusion, Adding $723M
Everpure (P) gains 2.2% after hours on S&P 500 promotion, adding $723M. Q2 revenue up 38% but free cash flow turns negative. Index inclusion effective Sept. 21.
Illumina's S&P 500 Comeback Sparks $704M After-Hours Surge
Illumina's return to the S&P 500 triggered a 2.1% after-hours rally, adding $704 million in market cap, but the stock remains pricey versus analyst targets.
Bloom Energy Surges 6.6% on S&P 500 Inclusion, Adding $4.94B
Bloom Energy (BE) jumped 6.6% after hours Friday after S&P DJI announced its inclusion in the S&P 500, adding $4.94B in market value.
Adobe Stock Plunges 6.7% on CEO Succession Announcement
Adobe shares tumbled 6.7% after the company named Anil Chakravarthy as its next CEO, wiping out $7.65 billion in market value. Investors now await Q3 earnings for clarity.
Tarsus Surges 9% as Alkeus Deal Value Climbs to $536M
Tarsus shares rose 9.1% after closing the Alkeus acquisition, boosting the upfront package's market value to $536 million. Key clinical data expected in 2029.
Canada's August Jobs Miss Widens Gap With US Hiring
Canada's August employment fell by 41,700, far worse than expected, while US hiring remained robust, widening the economic gap and pressuring the loonie.
Asana Stock Tumbles 13% as AI Costs Bite Into Margins
Asana shares plunged 13% despite an earnings beat, as the company's AI push adds 150 basis points of margin pressure. Revenue guidance was in line, but AI costs weighed on the stock.