Shares in the financial sector climbed as a surge in multibillion-dollar merger activity and a new private-market initiative from Robinhood bolstered investor sentiment across Wall Street.
NovaBridge Biosciences has initiated a Phase 2 clinical trial for givastomig, dosing the first patient in a study targeting HER2-negative metastatic gastric cancer. The company expects to report top-line data from the trial, which combines the drug with nivolumab and chemotherapy, by 2027.
Clearway Energy announced a 1.6% increase to its quarterly dividend on Tuesday, raising the payout to 46.02 cents per share as the clean energy firm continues to prioritize shareholder returns.
EQT reported a 47% revenue surge in the fourth quarter, capitalizing on increased natural gas demand and price spikes triggered by severe winter weather. The producer delivered adjusted earnings of 90 cents per share, comfortably exceeding Wall Street expectations as operational efficiencies helped the company navigate seasonal volatility.
Amrize, a major player in the building materials sector, has authorized a $1 billion share repurchase program and a special dividend to return capital to its investors. The initiatives, announced Tuesday, are contingent on shareholder approval of the company's 2025 financial performance at its next annual general meeting.
Republic Services reported a fourth-quarter net income of $545 million, exceeding analyst expectations for earnings per share even as total revenue fell slightly short of Wall Street forecasts. The waste management giant benefited from core organic growth in its recycling and waste segments, offsetting a minor dip in its environmental solutions business.
Devon Energy reported a decline in fourth-quarter profit and revenue as the Oklahoma City-based producer prepares to finalize its $21.5 billion all-stock merger with Coterra Energy. Despite the year-over-year slip, the company’s adjusted earnings beat Wall Street expectations, bolstered by record-setting production levels in the Delaware Basin.
Leonardo DRS has secured multiple contracts under the Missile Defense Agency’s (MDA) $151 billion SHIELD program, positioning the defense contractor to support critical homeland defense infrastructure. The awards, announced Tuesday, fall under the Scalable Homeland Innovative Enterprise Layered Defense framework, a massive indefinite-delivery/indefinite-quantity vehicle designed to modernize the U.S. response to evolving aerial threats.
Robinhood is set to debut its first private-markets fund on the New York Stock Exchange in the coming weeks, offering retail investors a direct path to high-growth startups. The Robinhood Ventures Fund I, trading as RVI, aims to break down the barriers that typically restrict late-stage private investments to institutional players and the ultra-wealthy.
Daily Journal stock tumbled 10% on Tuesday after the publishing and software firm reported a fiscal first-quarter loss, driven by significant unrealized hits to its investment portfolio despite a double-digit rise in top-line revenue.
The U.S. Food and Drug Administration has authorized Shield Therapeutics to market its oral iron treatment, AccruFeR, for children aged 10 and older. The decision, announced Tuesday, significantly expands the patient base for the London-based biopharmaceutical firm following the drug's initial adult clearance in 2019.
Robinhood is set to launch its first venture fund on the New York Stock Exchange in the coming weeks, offering retail investors a rare gateway into high-growth private companies. Trading under the ticker RVI, the Robinhood Ventures Fund I aims to dismantle the barriers that have historically kept individual traders out of the private equity space.
Shares of Armada Hoffler Properties tumbled on Tuesday after the real estate investment trust announced a sweeping strategic overhaul, including a corporate rebranding to AH Realty Trust and a planned exit from the multifamily housing sector.
VisionWave shares rose Tuesday after the defense technology firm secured a $10 million agreement to develop a high-performance cryptocurrency mining platform. The deal, structured as a milestone-based program with an undisclosed third-party vendor, marks a strategic expansion for the company into digital asset infrastructure.
Wolfspeed shares climbed 11% on Tuesday following the appointment of Stefan Steyerl as Vice President of Sales for the EMEA region. The veteran executive, who officially joins the silicon carbide specialist on March 1, is tasked with scaling the company’s market presence across Europe, the Middle East, and Africa as it pivots toward high-growth power electronics.
The U.S. Food and Drug Administration has approved Harmony Biosciences’ supplemental drug application for Wakix, expanding its use to treat cataplexy in pediatric patients aged six and older. The decision establishes the medication as the first non-scheduled treatment option available for both adults and children suffering from the sudden muscle weakness associated with narcolepsy.
Donnelley Financial Solutions (DFIN) saw its shares climb 12% on Tuesday after the regulatory software provider snapped a multi-quarter losing streak with fourth-quarter revenue and earnings that significantly outpaced Wall Street estimates.
Crude oil and refined product futures slid on Tuesday following reports that high-level negotiations between the U.S. and Iran have established a framework for a potential nuclear deal. The prospect of easing geopolitical tensions in the Middle East, combined with looming production decisions from OPEC+, weighed on benchmarks during midday trading.
Ericsson and Microsoft announced a partnership on Tuesday to integrate AI-driven 5G capabilities into Windows 11, streamlining how enterprise laptops connect to cellular networks. By merging Microsoft’s device management tools with Ericsson’s Enterprise 5G Connect platform, the collaboration aims to automate network switching and optimize connectivity for corporate fleets.
JFB Construction shares cratered Tuesday after the Florida-based firm announced a $1.5 billion all-stock merger with Israeli drone manufacturer Xtend. The deal, expected to close by mid-2026, will pivot the construction company toward the defense sector under the new name Xtend AI Robotics.
Canaccord Genuity Group Inc. shares climbed Tuesday after the financial services firm reported third-quarter earnings and revenue that significantly outpaced analyst expectations. Driven by a resurgence in Australian metals and mining activity and record-high gold prices, the company’s profit more than doubled year-over-year, signaling a robust recovery in global capital markets.
Gemini Space Station announced the immediate departure of three top executives on Tuesday, including its finance and operations chiefs, less than two weeks after slashing a quarter of its workforce. The leadership shakeup at the Winklevoss-founded crypto exchange arrives as the firm projects a wider-than-expected $267 million adjusted loss for fiscal 2025, signaling a period of intense contraction for the embattled platform.
Toronto stocks retreated Tuesday as investors weighed cooling inflation data against a sell-off in materials, even as Canaccord Genuity Group notched significant gains on the back of a mining-led profit surge.
Institutional investors are rapidly souring on U.S. equities, shifting capital toward Europe as concerns mount over the unsustainable capital expenditures of Silicon Valley’s tech giants. According to the latest Bank of America survey, the net proportion of fund managers bearish on Wall Street surged to 22% in February, a sharp climb from just 3% the previous month.
Palo Alto Networks is expected to report a surge in fiscal second-quarter profit on Tuesday, with analysts forecasting earnings of $343.8 million as the cybersecurity leader doubles down on its strategy to consolidate the market. Despite a recent slump in software valuations, the company is betting on a high-stakes "platformization" model to integrate new AI-driven capabilities and secure its dominance.
Agricultural commodity markets are bracing for a high-impact week as U.S. investors return from the holiday break to a slate of critical economic data and the highly anticipated USDA Outlook Forum.
SunCoke Energy shares tumbled 9% after the raw materials supplier reported a significant fourth-quarter loss and a decline in revenue, driven by pricing pressures and a notable contract breach in its domestic segment.
Seanergy Maritime shares jumped 10% on Tuesday after the dry bulk shipping company reported fourth-quarter adjusted earnings and revenue that significantly outpaced Wall Street projections.
Shares of Sonoco Products rallied Tuesday after the packaging solutions provider reported a substantial fourth-quarter profit and unveiled an aggressive multi-year growth plan that exceeded Wall Street expectations.
Uber Technologies and Life360 have announced an expanded partnership that will allow users to link their accounts, streamlining how parents and teens coordinate rides. The integration, set to launch later this year, aims to provide real-time updates and enhanced visibility for families using the ride-hailing platform.
