Over the last 5 years, Strategy (MSTR) has aggressively issued equity, convertibles, and preferred securities to purchase Bitcoin (BTC). However, amid current weakness in the crypto market, the company announced on Monday that it is establishing a new framework for liquidity management.Strategy nam…
Larimar Therapeutics Inc. (LRMR) on Monday moved a step closer to seeking U.S. approval for its experimental Friedreich's ataxia treatment, nomlabofusp, after submitting the first module of a rolling biologics license application (BLA) to the U.S. Food and Drug Administration (FDA).The clinical-sta…
Shares of FuelCell Energy (FCEL) caught investors' attention on Monday after the company secured bank financing to deploy its clean energy solutions in South Korea, among other positive catalysts.At the time of writing, FCEL stock was up more than 11% in premarket trading.EXIM Funds FuelCell’s Sout…
Shares of Surf Air Mobility (SRFM) surged nearly 40% in premarket trading on Monday after the company and Palantir (PLTR) expanded their partnership, committing additional resources to accelerate the rollout of SurfOS, an AI-powered operating system for the private aviation industry.If the current…
Goldman Sachs (GS) on Monday raised its price target on Robinhood Markets (HOOD) on the back of record trading activity in June, marking the second bullish Wall Street call on the stock in days.Analyst James Yaro lifted the firm's target to $121 from $108 while maintaining a ‘Buy’ rating. The incre…
Shares of Theravance Biopharma, Inc. (TBPH) were under pressure in premarket trading on Monday after the company announced that Zymeworks will buy the pharma major for $17.00 per share in cash.At the time of writing, TBPH stock was down over 2.5% on Monday.Contours Of The DealTheravance Biopharma s…
Wedbush’s Global Head of Tech Research, Dan Ives, said Monday that the sell-off in Microsoft Corp. (MSFT) and Oracle Corp. (ORCL) is overdone.During an interview with CNBC, Ives added that he sees a silver lining emerging for Big Tech companies over the next six to nine months, and that Microsoft a…
Rocket Lab Corp. (RKLB) on Monday announced plans to acquire Iridium Communications Inc. (IRDM) in a cash and stock deal as it looks to unlock synergies of vertical integration.Rocket Lab stated that its deal represents an enterprise value for Iridium of approximately $8 billion.Rocket Lab shares w…
Shares of Rockwell Medical (RMTI) were in focus on Monday, after the biotech firm announced its first reverse stock split in over four years.RMTI shares cracked below $1 on March 25 and have failed to test the levels since. Rockwell had previously implemented a 1-for-11 reverse split in May 2022.At…
Verizon (VZ) on Monday said it expects to record a $700 million to $800 million second-quarter loss tied to the formation of its new international joint venture with BT Group, while also warning investors of hundreds of millions of dollars in additional restructuring charges as CEO Dan Schulman pre…
Shares of Solidion Technology (STI) rose over 9% premarket on Monday after the battery technology company announced it is eyeing a stake in SpaceX as a strategic treasury asset. Solidion is the latest public company seeking exposure to SpaceX through its balance sheet.Solidion said it would allocat…
Bitcoin (BTC) is set for its biggest monthly loss since June 2022, with prices down nearly 19% as investors continue to pull money from U.S. spot Bitcoin ETFs at a record pace, adding pressure on the world's largest cryptocurrency. The selloff has not deterred Michael Saylor, who again hinted that…
Shares of Comcast Corp. (CMCSA) are on track for their best single-day gains in more than 11 years after the company announced plans to split its media and technology businesses into two separate companies.Comcast stated in its announcement that it intends to split into two independent publicly tra…
British American Tobacco (BTI) said Monday it will eliminate roughly 5,500 international jobs and move about 3,500 jobs to its partners.According to reports by The Guardian and Bloomberg, the latest move aims to streamline the business as it deploys artificial intelligence and seeks to maximize cos…
Bitcoin (BTC) extended its 2026 decline toward the $59,000 mark this week, a move that flow data and analyst commentary suggested was driven less by anything crypto-native than by a rotation of capital out of digital assets and into the semiconductor trade.Cumulative fund flows for 2026 through lat…
Samsung Electronics, SK Hynix, and the South Korean government on Monday announced plans to invest about $590 billion to build a new chip complex, including four chipmaking plants, with the aim of doubling the country’s dynamic random access memory (DRAM) production capacity in five years.Shares of…
The Trump administration’s effort to strengthen U.S. access to critical minerals has reportedly become the focus of political and ethical debate after investments linked to senior officials' family members overlapped with government-backed mining initiatives.Critical Metals (CRML), Energy Fuels (UU…
Alphabet shares rose 1% in the premarket session on Monday, although their run has been rather unremarkable this month, as investors sold off Big Tech stocks in favor of semiconductors.GOOGL stock is down 11.2% so far in June and is heading for its worst monthly performance since February 2025. Whi…
U.S. stock futures edged higher early Monday on reports that the US and Iran have agreed to halt a volatile exchange of military strikes and meet this week in Qatar to renegotiate terms for the ceasefire. The breakthrough came after weekend retaliatory strikes by the U.S. in the Strait of Hormuz, s…
BlackBerry Ltd.’s (BB) stock gained premarket after the company received Wall Street support following its fiscal first-quarter 2027 results, which exceeded expectations and prompted several firms to raise their price targets.RBC And CIBC Raise Targets As BB’s Growth Outlook Improves Paul Treiber o…