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VIR News18 articles
Virgin Galactic Shares Jump 17% Ahead of Crucial Q1 Earnings Report
Virgin Galactic shares surged 17.1% to $2.94 on heavy volume ahead of its Q1 earnings report, as investors await updates on cash position and commercial flight timeline.
Moderna Stock Jumps 12% on Hantavirus Vaccine Deal; Flu and Cancer Pipeline in Focus
Moderna shares rose 11.9% to $54.35 after the company disclosed early-stage hantavirus vaccine research with the U.S. Army and Korea University, following a deadly outbreak on the MV Hondius cruise ship.
Virgin Galactic Shares Soar 17% Ahead of Earnings; Focus on Cash Burn
Virgin Galactic stock jumped 17% to $2.94 ahead of next week's earnings, as investors await Delta spacecraft flight tests and commercial service restart. Cash burn remains the critical concern.
Moderna Jumps 10% on Hantavirus Vaccine Push as Cruise Ship Outbreak Revives mRNA Hopes
Moderna shares rose 10% on Friday after the company revealed early-stage work on a hantavirus vaccine, spurred by a deadly Andes virus outbreak on the MV Hondius cruise ship.
Traws Pharma Soars on Hantavirus Push After Cruise Fatalities
Traws Pharma shares surged over 21% after the biotech said it would advance hantavirus drug candidates following a fatal cruise ship outbreak. The company has no approved treatments and recently raised $10 million.
Coca-Cola Shareholders Reject Five Environmental and Social Proposals
Coca-Cola shareholders rejected five investor proposals on plastics, sustainability, and diversity. CEO Henrique Braun secured 99.84% support, and the company raised its full-year EPS forecast.
AeroVironment's LOCUST Laser Test Drives Counter-Drone Narrative
AeroVironment's LOCUST laser system shot down multiple drones during a U.S. Navy test on the USS George H.W. Bush. Shares fell 2.8% to $196.28.
Best Buy Announces CEO Transition Amid Challenging Sales Environment
Best Buy has announced a leadership change, with CEO Corie Barry departing at the end of October. Long-time executive Jason Bonfig will take the helm as the company contends with soft comparable sales and a cautious consumer.
Nokia Stock Surges on Major UK 5G Network Contract with Virgin Media O2
Nokia's U.S.-listed shares climbed 6.65% following the announcement of a significant 5G network agreement with Virgin Media O2. The Finnish telecom equipment provider will supply radio and baseband gear as part of a wider UK network upgrade.
Nokia Secures Virgin Media O2 5G Contract as Ericsson Lands Larger UK Network Role
Nokia has been awarded a contract to supply 5G radio access network equipment to Virgin Media O2, though Ericsson secured a larger role as the operator's main RAN partner in a separate deal.
AeroVironment Secures $135M Army Drone Deals Amid Strategic Shifts
Defense contractor AeroVironment has been awarded nearly $135 million in new orders from the U.S. Army for its P550 long-range reconnaissance and Red Dragon attack drone systems. The contracts arrive shortly after the company lowered its revenue forecast and recorded a significant goodwill impairment.
AeroVironment Cuts Outlook After Space Force Contract Termination
AeroVironment reduced its full-year revenue and earnings guidance following the U.S. government's decision to end the BADGER agreement tied to the Space Force's SCAR program. The company reported a net loss of $156.6 million for its fiscal third quarter.
VodafoneThree in Broadband Wholesale Talks with Virgin Media O2
Vodafone Group's UK joint venture is in discussions with Virgin Media O2 for a wholesale broadband agreement that would allow it to sell home internet services over Virgin Media O2's network, as it targets significant customer growth.
AeroVironment Plummets on SCAR Contract Uncertainty, Raymond James Downgrade
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform. The broker highlighted uncertainty surrounding the U.S. Space Force's $1.4 billion SCAR satellite-communications contract.
AeroVironment Plunges on Downgrade Amid SCAR Contract Uncertainty
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform, driven by uncertainty over a key U.S. Space Force contract.
Defense Stocks Rally on Middle East Tensions, AeroVironment Leads Gains
AeroVironment shares jumped more than 12% in premarket trading Monday, leading a defense sector rally following military escalation in the Middle East. The company recently secured a $186 million Army order for its Switchblade drones.
Defense Stocks Rally on Geopolitical Tensions as AeroVironment Leads Gains
AeroVironment shares jumped more than 12% ahead of the bell as Middle East tensions fueled a flight into defense stocks. The drone maker recently secured a $186 million Army order and reports quarterly results next week.
Virgin Galactic Gains in Premarket as Investors Eye Funding, Economic Data
Virgin Galactic shares advanced roughly 3% in premarket trading Monday, extending Friday's rally. Market participants are monitoring the company's financing plans and upcoming U.S. economic indicators.