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The U.S. Food and Drug Administration has granted approval for two Keytruda-based combinations to treat adults with clear cell renal cell carcinoma. The new therapies, designed for patients at high risk of recurrence following surgery, mark a significant expansion in the use of Merck’s flagship immunotherapy alongside its oral medication, Welireg.
A 11% drop in net sales to $215.2 million has deepened losses for Children’s Place, with the retailer struggling to gain momentum against a backdrop of inflation-weary shoppers. The company posted a $53.2 million loss for the first quarter ending May 2, widening the gap from $34 million in the prior year.
A massive leap in quarterly profitability propelled Seneca Foods to an all-time stock high of $173.98 on Friday. The fruit and vegetable processor saw its net income skyrocket to $25.3 million, signaling a robust recovery compared to the meager $601,000 reported during the same period last year.
Shares of Vancouver-based Silvercorp Metals jumped 8.2% to $11.37 on Friday, capping a year of aggressive growth. The rally followed a new technical report revealing a 50% increase in mineral reserve tonnage across the company’s flagship Ying Mining District in China, signaling a significant expansion of its long-term output potential.
A sprawling 1-million-square-foot medical supply warehouse in Tracy, California, now stands as a gutted shell following a massive fire that ignited Thursday. South San Joaquin County Fire Authority officials confirmed the facility is a total loss, as secondary blazes continued to complicate containment efforts throughout the site.
A new four-year contract between Air Canada and Unifor has been ratified, securing labor stability for approximately 6,000 employees. The agreement, which covers staff ranging from airport terminal workers to customer service representatives, locks in terms through February 2030 and marks the airline's third successful labor negotiation this year.
Shares of Lixte Biotechnology tumbled 12% to $6.41 during Friday trading after the cancer-drug developer unveiled plans to pivot into the energy sector. The company intends to acquire Nomad Transportable Power Systems and rebrand itself as Nomad Power Solutions, marking a sharp departure from its historical pharmaceutical focus.
A 3.2% bump in Designer Brands stock followed a regulatory filing Friday revealing that Stone House Capital Management has abandoned its passive investment strategy. By upgrading its position to an activist stake, the hedge fund signaled a clear intent to influence the future direction of the footwear and accessories retailer.
While SpaceX shares skyrocketed 28% during their public market debut Friday, the Canadian investment firm Stack Capital Group saw its own stock drop 15%. Investors appeared to look past the rocket maker’s massive valuation jump, which pushed SpaceX to a market capitalization of nearly $1.94 trillion.
The Food and Drug Administration has granted approval for AstraZeneca’s Truqap, authorizing its use alongside abiraterone and prednisone to treat a specific, aggressive form of advanced prostate cancer. This decision marks the first targeted therapy for patients with PTEN-deficient metastatic hormone-sensitive prostate cancer.
Investors pushed Enliven Therapeutics shares up 15% to $46.37 on Friday, reacting to the clinical-stage biopharmaceutical firm’s decision to increase its public offering to $400 million. The company’s stock has now tripled in value since January, signaling significant market confidence in its pipeline and financial strategy.
Investors pushed CoreWeave shares up 8.8% to $104.33 during Friday’s midday trading session, reacting to news that the cloud-computing specialist will join the Nasdaq 100 index. This latest surge extends the company’s strong market performance, bringing its total gains for the year to a notable 46%.
To secure the $2.14 billion acquisition of German walling specialist Xella, Swiss building-materials giant Holcim must part ways with its Romanian operations. European regulators granted conditional approval for the deal on Friday, provided the company divests a lightweight concrete plant located in the town of Adjud.
A 16% spike in Elmet Group stock pushed shares to a record $22.51 on Friday, following news that the company’s manufacturing arm secured a $4.3 million contract from the U.S. Department of Defense. This latest valuation marks a significant gain since the firm's $14 public offering debut last April.
Persistent speculation regarding a potential peace deal between the United States and Iran dragged crude and refined product futures lower during Friday's trading session. While markets clawed back from their daily lows, uncertainty over the status of negotiations kept investors on edge throughout the morning.
A quarter-century partnership enters a new chapter as MDA Space clinches a contract renewal with the U.S. Air Force. Through its 49North subsidiary, the Canadian firm will provide essential operations support and software maintenance for the Global Procedure Designer system, a deal valued at up to $43 million.
A 33% spike in share price propelled Friedman Industries to an all-time high of $36.26 on Friday, fueled by a robust fiscal fourth quarter. The pipe manufacturer shattered previous performance benchmarks as investors responded to a significant uptick in both net income and overall sales volume.
After an eight-month hiatus, Dow has brought its 600,000 metric tons-per-year LCH3 ethylene cracker in Terneuzen, Netherlands, back online. The company idled the facility last June, citing a combination of weak market demand and a strategic decision to postpone previously scheduled maintenance work at the site.
Shares of Rezolve AI jumped 17% to $2.96 following the company’s announcement of a planned $300 million share repurchase program. The board is seeking shareholder approval at its upcoming annual meeting to authorize the capital reduction, signaling a move to correct what it views as a significant market undervaluation.
A frantic morning of premarket gains evaporated by Friday’s regular session, leaving rocket and satellite stocks deep in the red. The sector-wide retreat unfolded just hours before SpaceX’s historic market entry, an offering expected to reach a staggering $1.77 trillion valuation in the largest IPO on record.
A 41% premium over Thursday’s closing price anchors the acquisition of Grandville-based Grand River Commerce by Mt. Pleasant’s Isabella Bank. The $54.6 million agreement, structured through a blend of cash and equity, signals a significant consolidation for the Michigan banking sector as both institutions prepare to integrate their regional operations.
Anticipation surrounding the largest initial public offering in history has sent waves through the aerospace sector. As SpaceX prepares to begin trading at a valuation of $1.77 trillion, investors are aggressively repositioning their portfolios, driving significant gains across a range of rocket and satellite-linked companies on Friday.
Momentus shares tumbled 18% in premarket trading Friday, hitting $13.34 as investors reacted to the commercial space company’s announcement of a $25 million equity offering. The move effectively cools a sustained three-month rally for the orbital infrastructure firm, which is now looking to bolster its cash reserves through institutional backing.
Shares in Virgin Wines UK plummeted 13% to 29 pence on Friday, marking a 16-month low for the online retailer. The company warned of a full-year earnings miss, citing a combination of cooling consumer demand and rising costs exacerbated by the ongoing conflict in the Middle East.
After abandoning a search for a buyer, luxury lodging firm Braemar Hotels & Resorts is ending its advisory agreement with Ashford to operate as an independent, self-managed REIT. The move marks a fundamental shift in corporate structure aimed at slashing costs and sharpening the focus on its high-end portfolio.
The Phase 3 Lagoon trial for lurbinectedin, marketed as Zepzelca, failed to meet its primary endpoint of overall survival in patients with relapsed metastatic small cell lung cancer. Jazz Pharmaceuticals reported the drug did not outperform standard chemotherapy options when administered as either a monotherapy or in combination with irinotecan.
Triple Flag Precious Metals is expanding its Australian footprint, securing a $440 million cash deal for a gold stream at the Ravenswood mine in Queensland. The agreement, set to begin deliveries in the third quarter of this year, serves as a catalyst for a significant upward revision of the company’s long-term production outlook.
The parent company of the Toronto Stock Exchange is betting $490 million on the index provider RAFI Indices, a strategic pivot designed to triple its assets under indexing to $263 billion and diversify its revenue streams away from the volatility of traditional trading and clearing operations.
A 6.5% jump in sales failed to shield Roots from a deepening quarterly deficit, as the Canadian retailer grapples with transition expenses and the ongoing costs of a strategic review. The company reported a net loss of C$10.1 million for the first quarter, up from C$7.9 million during the same period last year.
A 6.5% spike in Rocket Lab shares highlights the market's reaction to Nasdaq’s sweeping index reshuffle. Starting June 22, the exchange will drop five established firms to accommodate a new cohort of entrants, leveraging a rule change designed to accelerate the inclusion of high-growth technology companies.