Biotechnology firm Scancell Holdings has entered preliminary negotiations to acquire Neuphoria Therapeutics, a move that would facilitate Scancell’s debut on the Nasdaq exchange. The companies confirmed the ongoing discussions late Friday, though both sides cautioned that a final agreement remains subject to further deliberation and regulatory approval.
The Food and Drug Administration has blocked approval for LNTH-2501, a diagnostic agent intended for neuroendocrine tumor detection, citing unresolved manufacturing deficiencies at a third-party facility. Lantheus Holdings confirmed the setback Friday, marking a significant hurdle for one of its primary late-stage oncology candidates.
A $50 million transaction has effectively removed City Center from Kite Realty Group’s portfolio. The 1.1 million-square-foot mixed-use asset in White Plains, New York, anchored by major retail tenants Target and Shop Rite, was offloaded as the company continues to refine its holdings through an aggressive capital recycling strategy.
For the roughly 30% of psoriasis patients who develop symptoms before turning 18, relief options have expanded. The FDA has officially cleared AbbVie’s Skyrizi, known chemically as risankizumab-rzaa, for pediatric use, marking a shift in how clinicians can manage moderate-to-severe plaque psoriasis and active psoriatic arthritis in younger populations.
Effective July 1, Kroger Chairman Ronald Sargent will step away from his employee status at the supermarket chain. While vacating his executive duties, the former Staples chief executive will maintain his presence on the board, transitioning into a non-executive role to continue his oversight of the company.
Universe Pharmaceuticals has reached an agreement to acquire Best Praise International Limited in an all-stock transaction valued at $10.8 million. The move, which involves issuing 4.8 million shares of common stock, aims to bolster the company’s intellectual property portfolio ahead of the deal's expected third-quarter closing.
A 9.8% jump in after-hours trading greeted Healthcare Triangle on Friday, as the company moved to resolve a stalled asset acquisition. The surge follows a new securities exchange agreement aimed at correcting a previous deal with SecureKloud Technologies that left the latter unable to convert its preferred stock holdings.
West Texas Intermediate futures dropped 3.7% to settle at $69.23 a barrel on Friday, marking the lowest price point since late February. Despite rising geopolitical tensions in the Strait of Hormuz and reports of renewed military strikes, the energy sector failed to find support as market sentiment shifted toward supply recovery.
With a strategic focus on expanding its international software footprint, Hong Kong-based service provider Gold Stone Technical has officially filed for an initial public offering. The firm aims to raise roughly $28.1 million by listing 6.25 million shares, positioning itself for a growth push across global technology markets.
Growth across the Tenth District’s service sector decelerated in June as the Kansas City Federal Reserve’s composite index fell to 5, down from 10 in May. While the reading remains in positive territory, the cooling reflects a broader softening in retail trade and transportation services across the seven-state region.
Shares of Solana Beach-based Aevex climbed 10% to $16.97 midday Friday, reversing a recent slide after the defense contractor confirmed its upcoming entry into the Russell 2000 Index. The transition, scheduled for June 29, marks a significant milestone for the firm just months after its initial public offering.
Oil tankers are flowing through the Strait of Hormuz without disruption, cooling regional tensions that briefly spiked on Thursday. The renewed stability in the critical waterway has sent global crude benchmarks tumbling, putting the front-month U.S. contract on track to settle below $70 per barrel for the first time since March.
Investors pushed FactSet Research Systems shares up 10% on Friday to $229.50, reacting to the financial data firm's integration of portfolio analytics into its AI-driven model context protocol. The expansion aims to streamline how buy-side professionals interact with complex risk and performance data through conversational interfaces.
Kyivstar’s parent company, Veon, has signed a memorandum of understanding with the Ukrainian Ministry of Economy to construct a dedicated artificial-intelligence data center. This collaboration marks a strategic push to bolster the nation's technological sovereignty while integrating advanced computing power into its war-time digital economy.
Darren Guidry will take the helm as president of Home Bancorp starting July 1, a move that allows John Bordelon to narrow his focus as chief executive. The shift marks a structural pivot for the parent company of Home Bank, aimed at delineating strategic oversight from day-to-day execution.
Shares of Opus Genetics climbed 9.9% to $4.09 during Friday morning trading after the biopharmaceutical firm secured a spot across three major benchmarks. The company will join the Russell 3000, Russell 2000, and Russell Microcap indexes, signaling a notable shift in its market profile ahead of the upcoming rebalancing.
Investors pushed Xunlei shares up 9% to $5.50 on Friday morning after the technology firm authorized a new $20 million repurchase program. The initiative, set to begin July 1, allows the company to buy back American Depositary Shares or common stock over the next 12 months using its existing cash reserves.
Shares of Omeros Corporation plunged 25% to $8 in premarket trading Friday after the European Medicines Agency delivered a negative opinion on the company’s lead drug, narsoplimab. The decision stalls the biotech firm’s efforts to introduce its treatment for a lethal post-transplant complication into the European market.
After four years at the helm of the world's largest automotive supplier, Stefan Hartung is stepping down as chairman of Robert Bosch. The leadership transition, initiated at Hartung's own request, marks a pivotal shift for the German engineering giant as it navigates a rapidly evolving global manufacturing landscape.
Nevada-focused miner i-80 Gold has scrapped a restrictive sales agreement with Vox Royalty, a strategic move intended to reclaim control over its production output. By eliminating a fixed-price delivery obligation for its Granite Creek and Ruby Hill properties, the company aims to capitalize on current market valuations rather than historical benchmarks.
Shares of Apogee Enterprises climbed 12% to $47.60 in premarket trading after the architectural products manufacturer reported a sharp shift to profitability. Despite a slight dip in quarterly revenue, the company’s aggressive cost-cutting measures successfully propelled its bottom line out of the previous year’s red ink.
Shares of Acadia Pharmaceuticals climbed 13% to $27.30 in premarket trading Friday, reacting to a favorable recommendation from the European Medicines Agency for its Rett syndrome treatment, Daybu. The decision marks a critical step toward securing marketing authorization for the neurodevelopmental drug across the European Union.
A $1.1 billion contract from the U.S. Navy will see Raytheon ramp up production of its AIM-9X Block II missiles. The agreement, announced Friday, aims to replenish domestic stockpiles while addressing a surge in procurement requests from allied nations looking to modernize their infrared-tracking capabilities.
The cage match staged on the White House South Lawn this June drew an estimated 34 million global viewers, marking the highest domestic viewership in the history of the Ultimate Fighting Championship. TKO Group confirmed the numbers following a complex aggregation of international broadcast data finalized weeks after the event.
Driven by a robust 25.4% surge in exports, Mexico secured a $2.26 billion trade surplus in May. This performance marks the third straight month of positive trade balance, as the country’s export growth successfully outpaced a 24% rise in import spending, according to data released by the national statistics institute Inegi.
With its stock price down 40% since the beginning of 2026, Erdene Resource Development is moving to stabilize its market position. The Canadian firm secured approval from the Toronto Stock Exchange to initiate a normal course issuer bid, targeting the repurchase of up to 4.9 million shares for cancellation.
A 16% revenue slide has pushed Corus Entertainment into a deeper financial hole, with the Canadian media giant reporting a quarterly loss of C$36.5 million. The company continues to struggle against a persistent decline in television advertising, leaving earnings well short of market expectations for the period ending May 31.
A federal court in Idaho has dismantled the core of Crescent Mine's litigation against Bunker Hill Mining, dismissing central claims under the Comprehensive Environmental Response, Compensation, and Liability Act. The ruling effectively halts Crescent’s bid to force a mine drainage mandate, shifting the legal momentum back to Bunker Hill.
Autonomous heavy-cargo drone developer Elroy Air is moving toward a public listing through a merger with Columbus Circle Capital. The blank-check firm confirmed the deal on Friday, setting the stage for the aviation startup to transition from specialized prototype development to large-scale commercial manufacturing by the end of the year.
A $2.95 million federal contract will see Toronto-based PowerBank install a solar-powered canopy and electric-vehicle charging infrastructure at the Armed Forces Reserve Center in Farmingdale, New York. The project marks the solar and battery storage firm’s first direct engagement with the U.S. Department of Defense and the Department of the Army.
