Candel Therapeutics shares tumbled 12% in premarket trading Friday after the biopharmaceutical firm priced a $100 million public offering of common stock. The capital raise is intended to fuel the commercial launch of its lead prostate cancer treatment and advance its late-stage oncology pipeline.
Select Water Solutions stock fell sharply in premarket trading Friday after the company priced a public offering of 13.7 million shares at a discount to its recent market value to fund infrastructure expansion.
U.S. equity futures signaled a cautious move higher on Tuesday as investors balanced gains in the luxury sector against a downturn in Asian markets. Futures for both the S&P 500 and the Dow Jones Industrial Average rose 0.2% ahead of the opening bell, while European indices showed modest resilience despite a mixed start to the trading session.
Shares of RoboSense Technology jumped in Hong Kong on Friday after the sensor manufacturer signaled a major shift toward profitability, forecasting its first quarterly profit and a significantly reduced annual loss for 2025.
Tesla introduced a more affordable version of its Cybertruck electric pickup on Thursday, pricing a new dual-motor all-wheel-drive variant at $59,990. The strategic pivot lowers the entry cost for the stainless-steel truck by roughly $20,000, signaling a shift toward broader market accessibility as the automaker ramps up production.
Shares in Chinese artificial intelligence startups Zhipu AI and MiniMax rallied in Hong Kong on Friday, outperforming broader tech benchmarks as the market reopened after the Lunar New Year. While established giants like Alibaba and Baidu faced selling pressure, investor appetite for specialized AI "Little Dragons" remains high, driven by a series of new product rollouts and Beijing’s push for technological self-reliance.
Swiss pharmaceutical giant Novartis AG has agreed to sell its 71% stake in its listed Indian unit to a consortium led by WaveRise Investments for 14.46 billion rupees ($159 million). The deal marks a total exit from the subsidiary and triggers a mandatory open offer for additional public shares.
COPT Defense Properties has approved a 4.9% increase to its quarterly dividend, raising the payout to 32 cents per share as the company capitalizes on steady demand for mission-critical defense infrastructure.
The Federal Agricultural Mortgage Corporation, known as Farmer Mac, has increased its quarterly dividend by 7% to $1.60 per share, up from the previous $1.50. The decision underscores the institution's robust capital position and a positive outlook for projected earnings growth in the agricultural secondary mortgage market.
Consumer-facing stocks retreated as rising oil prices, fueled by escalating tensions in the Middle East, weighed on investor sentiment across the sector. While fuel-sensitive industries like airlines faced significant pressure, Walmart bucked the trend, reporting robust quarterly growth driven by grocery demand and a surging advertising business.
Grail announced Thursday that its flagship multi-cancer early detection test, Galleri, failed to meet the primary endpoint of a massive clinical trial involving 142,000 participants. The study, conducted in partnership with the UK's National Health Service, was intended to demonstrate a significant reduction in late-stage cancer diagnoses but fell short of its statistical targets.
Merchants Bancorp announced a 10% increase to its quarterly cash dividend, raising the payout to $0.11 per share as the financial institution continues its trend of returning value to investors.
Shares of major financial institutions tumbled after Blue Owl Capital suspended quarterly redemptions at a retail private-credit fund, triggering widespread liquidity fears across the direct lending sector.
GoPro has named internal veteran Brian Tratt as its next chief financial officer, effective March 17, allowing current CFO Brian McGee to focus exclusively on his ongoing roles as the company’s president and chief operating officer.
Consolidated Edison reported fourth-quarter revenue of $4.0 billion, exceeding Wall Street projections as higher electric and natural gas returns bolstered the New York utility’s top line.
Forefront Tech Holdings Acquisition filed with the SEC on Thursday to raise $100 million in an initial public offering, signaling a renewed appetite for specialized blank-check vehicles. The company intends to target high-growth sectors including blockchain-integrated artificial intelligence and robotics.
BP is pushing to extend the mandatory notice period for strikes or lockouts at its Whiting, Indiana refinery from 24 hours to 150 days, citing a need for industrial stability. The proposal comes as the energy giant remains locked in tense contract negotiations with the United Steelworkers, who have already authorized a walkout at the 440,000 barrel-per-day facility.
Technology shares declined as investors re-evaluated the long-term profitability of the artificial intelligence boom, balancing massive capital expenditure requirements against uncertain returns. Despite reports of a new $100 billion funding round for OpenAI, shares of its primary backer, Microsoft, fell as the market scrutinized whether the shift toward capital-intensive infrastructure will erode the high-margin software models that have long defined the sector.
Utility stocks advanced as investors pivoted toward defensive assets amid geopolitical instability and private-credit anxieties, sparked by a robust long-term growth forecast from Southern Co.
The communications services sector climbed on renewed growth optimism, led by a surge in Australian carrier Telstra following a dividend beat and an expanded buyback program.
Floor & Decor Holdings shares climbed nearly 6% in after-hours trading Thursday after the flooring retailer reported quarterly earnings that beat analyst expectations. While the company continues to grapple with a cooling housing market and a dip in same-store sales, a 2% increase in total revenue suggests the brand is successfully capturing market share from competitors.
World Kinect shares tumbled in after-hours trading Thursday after the energy management firm reported fourth-quarter results that missed Wall Street expectations on both the top and bottom lines. The company posted a widened net loss and issued a full-year profit outlook that trailed analyst projections, overshadowing management's focus on a multi-year portfolio restructuring.
Shares of Copart fell sharply on Thursday after the online vehicle auction specialist reported second-quarter profit and revenue that trailed analyst expectations, extending a year-long slump for the company.
Investors pulled back from Akamai Technologies, Copart, and Grail on Thursday as a combination of disappointing financial forecasts and a major clinical setback sent share prices sliding in late-session trading.
Perdoceo Education stock climbed more than 6% in extended trading Thursday after the for-profit education provider reported a significant revenue spike driven by its recent expansion into the healthcare sector.
Metallus shares fell sharply in after-hours trading Thursday after the metal manufacturer posted fourth-quarter sales and earnings that significantly trailed analyst projections. The 12% decline to $18.38 marks a sudden reversal for the stock, which had gained 34% over the previous 12 months.
Domo, the AI-driven data analytics platform, has launched a formal review of strategic alternatives that could result in a sale, merger, or new investment. The company's board of directors announced the move on Thursday, signaling a push to maximize shareholder value as it navigates a competitive enterprise software market.
Las Vegas-based Boyd Gaming announced an 11% increase to its quarterly dividend on Thursday, raising the payout to $0.20 per share as it ramps up capital returns to investors.
Northern Oil & Gas and Infinity Natural Resources have recalibrated their ownership split for a pending $1.2 billion acquisition of Utica Shale assets in Ohio. In a shift announced Thursday, Northern Oil & Gas (NOG) will reduce its stake to 40%, allowing partner Infinity Natural Resources to take a majority position as the companies move toward a first-quarter closing.
Clear Street Group, the financial infrastructure firm, has officially withdrawn its plans for an initial public offering, according to a Thursday filing with the Securities and Exchange Commission. The decision halts the company’s path to the public markets just weeks after its registration statement was declared effective.
