Sellas Life Sciences (SLS) shares are extending gains on Jun. 26 following a key regulatory filing that disclosed a series of comprehensive corporate amendments regarding executive compensation and protection.Specifically, the board restructured change-of-control and severance agreements for CEO Angelos Stergiou, CFO John Burns, and CDO Dragan Cicic.The marketplace is widely…
Around two weeks ago, Elon Musk’s SpaceX conglomerate went public. Everyone who is remotely interested has a fair idea of the numbers. But in a nutshell, it was easily the biggest Initial Public Offering (IPO) in history. It also led to Mr Musk becoming the first ever trillionaire, however briefly.…
Shares of SpaceX (SPCX) rose 3% on Friday as investors prepared for the company’s addition to the Russell 1000 Index. The move is expected to drive demand from passive investment funds and broaden the stock’s presence across major benchmarks.The gains came after a difficult stretch for the newly public company.The…
Omeros Corp (OMER) stock is tumbling on Friday morning following a major regulatory setback in Europe that has caught investors off guard.Investors are bailing on OMER mostly because the European Medicines Agency’s (EMA) expert panel has rejected its primary commercial asset.At the time of writing, Omeros stock is down some…
Moderna Inc. (MRNA) shares surged nearly 10% on Friday, extending a powerful rally that has lifted the stock about 40% over the past month and significantly outperformed the broader market.The gains followed the company’s Science Day presentation and investor event, where Moderna outlined an ambitious strategy to expand beyond its…
Apple Inc. (AAPL) shares have come under pressure after the company raised prices on several MacBook and iPad models. But some Wall Street analysts believe the pullback could present a buying opportunity as the company leverages its pricing power and loyal customer base.Apple stock fell 6.1% on Thursday after the…
The Dow Jones Industrial Average and the broader US stock market closed lower on Friday as investors continued rotating out of technology and semiconductor stocks while shifting into more defensive sectors such as healthcare, consumer staples, and utilities.The S&P 500 slipped 0.27% to close at 7,337.68, while the Nasdaq Composite…
The Nasdaq Composite fell on Thursday as investors rotated out of major technology stocks, even after a strong earnings report from Micron Technology. The Dow Jones Industrial Average, meanwhile, hit a new intraday record, supported by gains in non-tech sectors.The Nasdaq declined 0.46%, while the S&P 500 hovered near the…
Value investors have faced an uphill battle this year as the relentless AI trade continues to suck the oxygen out of Wall Street.Speaking recently with CNBC, Ariel Investments founder and chief investment officer John Rogers warned that the broad market has become excessively expensive, driven by an “AI craze” that…
Asian technology stocks fell sharply on Friday, as SoftBank Group tumbled more than 12% and chip-heavy markets from Tokyo to Seoul came under fresh pressure.The selloff followed a fourth straight decline on the Nasdaq, where Apple sank 6.1% after announcing price increases for iPads and MacBooks to offset surging memory…