Latest News
Wealth Managers Boost QQQ Stakes, but Data Lags Market Moves
Recent SEC filings reveal two wealth managers raised their stakes in the Invesco QQQ ETF in Q3 2025, though subsequent data shows one trimmed its position by year-end. The Nasdaq-100 tracker traded near $593, down 1.1%, as investors weigh growth prospects against macro risks.
Servier Acquires Day One Biopharmaceuticals in $2.5 Billion Oncology Deal
French pharmaceutical firm Servier will acquire Day One Biopharmaceuticals for $2.5 billion, gaining the pediatric glioma treatment Ojemda. The deal offers a 68% premium to Day One's recent closing price.
Unusual Machines Shares Surge on Preliminary 2025 Revenue Doubling
Unusual Machines shares climbed 7% Monday following preliminary results showing 2025 revenue more than doubled to $11.2 million and cash reserves topped $103 million. The drone components maker also reported a widened quarterly operating loss.
W&T Offshore Posts Wider 2025 Loss Amid Revenue Drop, Sees Regulatory Relief
W&T Offshore disclosed a deeper net loss for 2025, with revenue declining to $501.5 million. The company highlighted reduced net debt and potential regulatory relief from proposed offshore financial assurance rules.
Reviva Pharma Enacts Reverse Split to Fend Off Nasdaq Delisting
Reviva Pharmaceuticals Holdings has implemented a 1-for-20 reverse stock split to boost its share price and avoid a Nasdaq delisting, with a critical compliance deadline of March 27. The company also faces financing challenges for an additional Phase 3 trial of its schizophrenia drug candidate, brilaroxazine.
uniQure Shares Soar on FDA Leadership Shift Amid Gene Therapy Dispute
uniQure shares jumped 34% in premarket trading following news that FDA biologics chief Vinay Prasad will depart in April. The move comes amid a regulatory standoff over the company's Huntington's disease gene therapy.
3D Systems Tops Q4 Forecasts, but Bleak Q1 Outlook Raises Doubts
3D Systems reported Q4 revenue of $106.3M, exceeding its forecast, though full-year sales fell 12%. The company anticipates a revenue decline and continued losses for the current quarter.
Aureus Greenway to Acquire Powerus in Strategic Drone Shift, Secures $9M Funding
Aureus Greenway Holdings has entered into an agreement to purchase autonomous systems manufacturer Powerus via an all-stock transaction, aiming to take the combined entity public on the Nasdaq. The deal includes a $9 million private placement and a $50 million investment commitment from South Korea's KCGI.
Markets Brace for Inflation Data as Oil Surge Dents Rate Cut Hopes
U.S. equity futures declined sharply Monday amid surging oil prices and weak jobs data, pushing back expectations for Federal Reserve rate cuts. Investors await critical inflation reports due this week.
TSX Set for Lower Open as Oil Spike Sparks Inflation, Recession Fears
Canada's main stock index is poised for a lower open Monday, with futures down 0.92%, after a surge in oil prices to multi-year highs intensified inflation and recession concerns, pressuring financial and mining sectors.
Silver Retreats as Dollar Gains, Oil Spike Delay Rate Cut Bets
Spot silver declined 0.3% to $84.07 per ounce, paring deeper losses, as a strong dollar and soaring oil prices above $119 rattled markets and delayed expectations for U.S. rate cuts.