The company's stock jumped after an SEC filing revealed it had generated over half a billion dollars from a stock sale, boosting its cash reserves and repurchasing preferred shares at a discount.
Shares of Coinbase (COIN) gained over 5% as investors anticipated its upcoming earnings report amid a broader market rally and signs of increased institutional interest.
Cracker Barrel has named former Bloomin' Brands CEO David Deno as its next chief executive, succeeding Julie Masino after a contentious period for the restaurant chain. The company's shares declined following the announcement.
Shares of Capricor Therapeutics fell sharply after the U.S. Food and Drug Administration released briefing documents that raised concerns about the effectiveness of its Duchenne muscular dystrophy drug, deramiocel, ahead of a key advisory committee meeting.
Swedish defense firm Saab announced a significant contract worth 10.1 billion crowns ($1.04 billion) for two of its GlobalEye surveillance aircraft, with delivery slated for 2030 to an undisclosed nation in the Middle East.
The tobacco giant is increasing its investment in a Colorado manufacturing facility to $1.2 billion through 2028 to boost production of its popular Zyn nicotine pouches and new Zyn Ultra product line.
Shares of NANO Nuclear Energy (NASDAQ:NNE) gained after the company announced it was awarded a Small Business Innovation Research (SBIR) contract by the U.S. Air Force to advance its microreactor technology.
Circle Internet Group announced it has acquired IBM's portfolio of nearly 1,000 blockchain patents, a move that sent its shares up 3.7% and positions the company as a leading holder of blockchain-related intellectual property.
Shares of American Airlines are rallying as investors look past a recent guidance cut to focus on a strong quarterly earnings beat, positive analyst ratings, and renewed speculation about industry consolidation.
