Shares of the biotechnology company plunged after a failed Phase 3 trial by Novo Nordisk for a similar drug cast significant doubt on the scientific hypothesis underpinning BioAge's lead cardiovascular candidate.
Shares of Banco Santander Brasil staged a sharp recovery, climbing more than 12% after a steep sell-off. The rebound is being driven by bargain hunting and a broad rally in Brazilian equities amid favorable inflation data.
A Government Accountability Office report finds that the U.S. Air Force's program to modernize the B-52 bomber fleet is experiencing significant cost increases and schedule delays, particularly in its engine and radar upgrades.
Shares of the advisory firm rallied after reporting adjusted second-quarter earnings of $0.20 per share, doubling Wall Street's consensus estimate and sparking a relief rally from a 52-week low.
Activist investor Jana Partners, which holds over a 10% stake in Alkami Technology, alleges the fintech firm is running an improper sale process by deterring potential buyers with unrealistic valuations.
Shares of Apple and Roblox saw significant declines on Friday, with Roblox plunging nearly 28% on an analyst downgrade. The session was marked by sharp moves across various sectors driven by quarterly earnings results and updated corporate guidance.
Everus Construction Group has agreed to purchase modular construction specialist Epsilon Industries for $295 million in cash, a move that sent its shares up nearly 4% as investors welcomed the strategic expansion.
Options traders are anticipating a significant price swing for Take-Two Interactive Software Inc. following its upcoming earnings report on August 7, pricing in a potential 7.7% move. The video game publisher has a history of volatile post-earnings reactions, often exceeding market expectations.
Financial technology company Chime is reducing its headcount by approximately 10%, a move that will impact about 140 employees, according to a source familiar with the matter.
