Wells Fargo has named Annexon its top biotechnology stock, citing a significant upside potential of 7-8 times in its bull case. The firm's optimism is based on upcoming catalysts, including Phase 3 data for its geographic atrophy drug and a regulatory filing for its Guillain-Barré syndrome treatment.
Fitch Ratings has raised Waystar's Long-Term Issuer Default Rating to 'BB+' from 'BB', citing expectations for the healthcare IT firm's leverage to fall below a key threshold amid strong recurring revenue and profitability.
Mexican officials state there is no evidence linking lettuce from the country to a multi-state cyclosporiasis outbreak in the U.S., countering an FDA investigation that points to a supplier in central Mexico.
Boeing has secured a slight edge in aircraft orders over rival Airbus at the Farnborough Airshow, though total dealmaking is expected to fall short of high expectations due to ongoing production and supply chain challenges.
Intel (INTC) shares rallied over 8% on Tuesday, but the sharp move created a complex technical picture, with strong short-term momentum clashing with a bearish daily chart structure and a more constructive weekly setup.
NeoVolta is on track to begin production at its new Georgia battery facility in the third quarter, a move its CEO says is critical to converting a $200 million letter of intent with Infinite Grid Capital into firm purchase orders.
Will Farrell, TikTok's U.S. chief security officer, is scheduled to testify before the House Select Committee on China on Sept. 15, marking the first such public testimony since the company's U.S. operations were restructured to address national security concerns.
Shares of major gold producers gained on Tuesday, tracking a 1.5% rise in spot gold prices amid investor hopes for easing U.S.-Iran tensions and its potential impact on inflation.
An analysis of alternative asset managers highlights a significant sector-wide valuation discount, with Blackstone Inc. identified as the top pick due to a calculated 22.6% upside to its fair value.
