In a strategic acquisition set to advance its cell therapy capabilities, Roche Holdings, Inc. announced its acquisition of Poseida Therapeutics (PSTX) for up to $13 per share, amounting to an equity value of approximately $1.5 billion. The transaction includes $9.00 per share in cash at closing, alongside a contingent value right (CVR) of up to […]
Rivian Automotive (RIVN) announced a significant boost to its expansion efforts with a “conditional commitment” for a $6.6 billion loan from the U.S. Department of Energy (DOE). This loan, part of the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) program, is intended to support Rivian’s stalled plans for a large-scale electric vehicle (EV) assembly plant near […]
Ideal Power Inc. (Nasdaq: IPWR), an innovator in semiconductor power switch technology, has announced a strategic agreement with RYOSHO U.S.A., Inc., a subsidiary of RYODEN CORPORATION, for the global distribution of its B-TRAN technology. RYOSHO has placed initial orders from a large global customer interested in utilizing Ideal Power’s products for solid-state circuit protection applications. […]
Monster Beverage (NASDAQ:MNST) stock traded lower after the company reported Q2 financial results below expectations. We achieved another quarter of solid revenue growth, with record second quarter sales. The quarter was again impacted by unfavorable foreign currency exchange rates in certain markets. Hilton H. Schlosberg, Vice Chairman and Co-Chief Executive Officer The stock was trading 7.99% lower […]
Lumen Technologies shares are trading higher following a new strategic Microsoft partnership.
Oatly (NASDAQ: OTLY) shares are trading higher after the company reported second-quarter financial results above analyst estimates. What Happened: On Wednesday morning, Oatley reported second-quarter EPS of -$0.05, beating the -$0.07 estimate and second-quarter sales of $202.19 million, beating the $201.17 million estimate. Revenue increased 3.2% from the same period last year. The company drove […]
Danaher (NYSE:DHR) shares are trading higher after the company reported second-quarter financial metrics above estimates. What Happened: Danaher reported second-quarter revenue of $5.743 billion, which beat the $5.586 billion consensus estimate and second-quarter adjusted EPS of $1.72, which beat the $1.57 estimate. Our team executed well during the second quarter, delivering better-than-expected revenue, earnings and […]
BioAtla (NASDAQ: BCAB) shares are trading higher after the company announced it was granted Fast Track Designation from the FDA to ozuriftamab vedotin. Ozuriftamab vedotin is the company’s conditionally and reversibly active ROR2 antibody drug conjugate directed for the treatment of patients with recurrent or metastatic SCCHN with disease progression on or after platinum-based chemotherapy […]
United Parcel Service (NYSE: UPS) stock is lower after the company reported second-quarter financial results financial results below estimates. What Happened: Tuesday morning, UPS reported its financial metrics for the second quarter of 2024. Consolidated revenues decreased 1.1% from $22.1 billion from the same period last year and adjusted EPS was 29.5% lower from the […]
Cadence Design Systems (NASDAQ: CDNS) shares are volatile amid increased volatility following the company’s second-quarter 2024 financial results. What Happened: Cadence reported better-than-expected adjusted EPS and sales results, but issued some soft guidance. The company reported second-quarter adjusted EPS of $1.28, beating the consensus estimate of $1.22 and second-quarter sales of $1.061 billion, beating the […]
