Afterhours News

The S&P 500 logged its worst drop since January on Thursday and closed at its lowest level since September, while the Nasdaq entered correction territory.

Merck’s acquisition of Terns underscores strong big-pharma demand for blood-cancer assets, as Pfizer also expands its oncology pipeline.

Google claimed its TurboQuant technology would reduce the amount of memory required to run AI models by at least a factor of six, potentially shrinking the demand for memory chips.

Among Thursday’s catalysts are initial jobless claims data and remarks from several Federal Reserve officials.

The firm registered two new trials combining Anktiva with off-the-shelf iNKT cell therapy in adults with pneumonia, including those with sepsis or ARDS.

The FDA warning letter cited television advertising and podcast remarks suggesting broader cancer uses beyond Anktiva’s approved indication.

Nvidia shares rose 1% in overnight trading on Tuesday, after the U.S. indicated that it was negotiating with Iran to end the war.

The company's comprehensive loss per share of C$0.33 during the quarter missed analysts' estimate of a loss of C$0.18 per share.

The AI data analytics firm, alongside other tech players, is developing software expected to underpin the government’s Golden Dome missile defense system, the Wall Street Journal reported.

Energy remained the key driver, with Brent crude rising 4.6% to $104 and WTI gaining 4.8% to $92.

The SpaceX IPO could raise over $75 billion, potentially making it the largest U.S. listing ever and exceeding last year's total IPO proceeds.

LUNR is drawing retail optimism as investors bet on a NASA contract for a lunar terrain vehicle.

Netgear shares surged in overnight trading after U.S. regulators blocked approval of new foreign-made consumer routers over cybersecurity risks.

Traders flagged unusual futures activity ahead of Trump’s announcement, including $1.5 billion in S&P futures and $580 million in oil contracts.

Betaville’s “uncooked” alert from last week flagged potential interest in BioCryst from a U.S.-based biopharma with a market cap above $15 billion.

Crude oil prices continued to rise amid the US-Iran conflict, and some Stocktwits users believed they could reach $200.

Amidst rising tensions between the US and the Middle East, energy costs rose, and Bitcoin traded near the $ 68,000 level.

The Strait of Hormuz, a maritime chokepoint that transports 20% of the world's oil and liquefied natural gas, has become a significant point of contention in the current US-Iran crisis.

As the patents for semaglutide near expiry in several countries this month, India has introduced a cost-effective alternative.

Before the market crash on October 10, Garett Jin was connected back to a large crypto whale that opened over $1.1 billion in Bitcoin shorts.

As AI adoption grows worldwide and the need for data centers increases, the US and Japan are coming together to build new facilities.

Goldman Sachs and JPMorgan have introduced products that allow hedge fund customers to take bets against private credit due to the strain in the market.

Tesla is expanding beyond EVs, targeting India’s grid-scale energy storage market as part of its clean energy push.

At least 13 analysts increased their price targets on Micron shares. Details inside.

Anktiva, an immunotherapy for bladder cancer, was listed in Macau’s March filing alongside globally approved drugs from major pharma players.

Analysts are upbeat about Alibaba’s AI and cloud momentum, but wary of the sluggish consumer trends in China.

AMC is restructuring its business through theater closures and debt refinancing, after losing nearly all its value from its 2021 meme-stock peak.

Wall Street closed lower but off lows, while geopolitical uncertainty, oil supply risks, and Fed policy outlook kept markets on edge.

The company’s cash stood at $71.8 million at the end of the year, marking the company’s strongest balance sheet so far.

Google’s Stitch can generate high-fidelity UI designs with natural language prompts, supports voice edits, and builds interactive prototypes – making it very easy for users with limited design or coding skills.

Keefe Bruyette noted that future stock moves may depend more on retail investors, who are “less aware” of SoFi’s accounting complexities.

Moves suggest that traders are likely positioning for a potential shift in demand from Europe and Asia toward U.S. exporters.

Geopolitical tensions boosted sentiment, as Iran’s attack on a key LNG facility in Qatar disrupted supply and pushed oil and gas prices higher.

Investor interest has been driven by defense tech demand, with the company highlighting over 100,000 combat missions.

Musk signaled Tesla will keep buying Nvidia chips while advancing in-house AI, amid a broader push to secure long-term compute capacity.

Salesforce board member David Kirk acquired over $500,000 worth of shares on Wednesday

U.S. stock futures edged lower late Wednesday following a sharp sell-off as inflation concerns, rising oil prices and geopolitical tensions weighed on sentiment.

Board member Sarah Farrell has been scooping up Reddit stock.

The rocket company unveiled a fresh $1 billion at-the-market share sale plan.

Market sentiment remains cautious, with bearish retail positioning amid warnings that oil shocks historically triggered sharp S&P 500 drawdowns.

Analysts are still very upbeat, following a host of product announcements and a significant $1 trillion sales forecast from Nvidia. The stock is, however, muted.

Investors are now watching the Federal Reserve’s rate decision along with key U.S. economic data and earnings.

The FDA has set May 31 as the PDUFA target date to decide on Cingulate’s ADHD drug CTx-1301.

Elequin Capital LP, a hedge fund from New York, boosted its investment in Strategy by 134.9% in its third-quarter, per SEC filing.

Anthropic announced last year that it trained and deployed its Claude models on Google TPUs, Amazon Trainium CPUs, apart from Nvidia GPUs.

Energy Secretary Chris Wright ordered Sable Offshore to restart the Santa Ynez Unit and pipeline to reduce foreign oil reliance.

A crypto trader attempting to swap $50 million of USDT for AAVE tokens received only about 324 tokens after the transaction saw high slippage.

Bitcoin’s price rose to cross the $71,000 mark for a second time this month, with retail traders watching to see if it can sustain gains.

Mohamed El-Erian warned that new developments in the Iran conflict could trigger broader financial spillovers, including a “noticeable” shift toward cash.

The move comes as Musk deepens links across Tesla, SpaceX and xAI ahead of a potential SpaceX IPO.