Khalid Malik’s Meridiem Capital Partners has rebuilt its assets to approximately $1.6 billion, largely due to increased backing from Schonfeld Strategic Advisors, following a major capital withdrawal from Millennium Management over two years ago.
Major semiconductor firms like SanDisk and Micron experienced significant declines on Friday, while strong quarterly earnings reports propelled companies such as RingCentral and Digital Realty Trust to double-digit gains.
Apple shares climbed more than 2%, outperforming a weak tech market after a Morgan Stanley price target increase and positive news on its China AI strategy, a new leasing program, and a Ford partnership.
Space Exploration Technologies Corp. faces a potential supply overhang as 911.5 million shares are set to unlock in August, just as the stock trades near all-time lows and well below its IPO price.
Shares of the logistics giant fell sharply after a Texas jury issued a massive advisory verdict against the company in a lawsuit stemming from a fatal 2021 trucking accident.
An advisory panel to the U.S. Food and Drug Administration is set to vote on three more peptides after recommending on Thursday that compounding pharmacies be allowed to produce four other unapproved compounds, despite objections from FDA staff.
Elon Musk has sustained a paper loss exceeding $47 billion as shares of both Tesla and SpaceX have tumbled, driven by disappointing earnings at the automaker and an upcoming share lockup expiry at the aerospace firm.
Shares of The Travelers Companies surged to a new 52-week high, extending a rally fueled by a second-quarter earnings report that nearly doubled estimates and a subsequent wave of positive analyst price target revisions.
JPMorgan has lowered its rating on pest control firm Rollins to Neutral from Overweight, citing concerns over a sharp slowdown in residential demand and a delayed margin recovery.
