Sanofi expands its partnership with Dren Bio in a deal featuring $100 million upfront and up to $1.7 billion tied to a next-generation autoimmune B-cell therapy.
Ahead of the bankruptcy filing, the company agreed to sell Luminar Semiconductor to Quantum Computing in an all-cash transaction valued at $110 million.
Keybanc lowers ServiceNow rating during slowing SaaS growth, rising AI pressures, and potential loss of AI orchestration leadership to Microsoft in 2026.
Lean hog futures are down 75 cent to $1 across most contracts on Monday. USDA’s national base hog price was up $2.07 in the Monday morning afternoon report at $73.00. The CME Lean Hog Index was up 23 cents on December 11 at $82.80. Export Sales data...
The wheat complex is trading with losses on Monday. Chicago SRW futures are 8 to 9 cents across most contracts to start the week. KC HRW futures are 6 to 7 cents in the red at midday. MPLS spring wheat is down 5 to 6 cents across the front months...
Cotton futures are showing slight 15 to 17 point gains across most contracts on Monday’s midday. Crude oil futures are 80 cents lower per barrel at $56.69, with the US dollar index $0.074 to $98.320. Export Sales data from this morning showed 148,396...
Live cattle futures are up 25 to 37 cents at midday, with other contracts slightly lower. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder cattle futures are down 40 to 45 cents across...
Corn futures are down 2 to 3 cents across most contracts on Monday. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $3.94 1/2. A private export sale of 150,320 MT of corn was sold to unknown destinations this morning. USDA tall...
Soybeans are trading with Monday midday losses of 5 to 7 cents. The cmdtyView national average Cash Bean price was 6 cents lower at $10.00 1/2. Soymeal futures are up 90 cent to $1.20, with Soy Oil futures are trading with 68 point gains at midday....
Bank of America upgrades Bristol Myers to Buy, lifting its price target to $61 on pipeline catalysts, valuation support, and improving risk-reward outlook.
March NY world sugar #11 (SBH26 ) today is down -0.16 (-1.06%), and March London ICE white sugar #5 (SWH26 ) is down -3.20 (-0.75%). Sugar prices are falling today amid higher Indian sugar output and a slide in crude oil prices. The India Sugar Mill...
Shares of retirement solutions provider Corebridge Financial (NYSE:CRBG) jumped 2% in the afternoon session after it was announced the company would be added to the S&P MidCap 400 index.
Shares of nutrition products company Bellring Brands (NYSE:BRBR)
jumped 2.5% in the afternoon session after investors flocked to defensive sectors, including consumer staples, amidst the broader tech sell-off.
Shares of burger restaurant chain Red Robin (NASDAQ:RRGB)
jumped 6.5% in the afternoon session after Jefferies upgraded the stock to Buy from Hold and increased its price target.
Shares of higher education company Grand Canyon Education (NASDAQ:LOPE)
jumped 2.8% in the afternoon session after the company announced a $300 million increase to its stock repurchase program. The expanded buyback program, which increased the total authorization to $2.545 billion, signaled management's confidence in the company's value.
Shares of building products company Quanex (NYSE:NX)
fell 4.7% in the afternoon session after a Benchmark analyst lowered the company's price target from $30.00 to $28.00. Analyst Reuben Garner announced the revision, which represented a 6.67% decrease in the target price, although the firm kept its 'Buy' rating on the stock.
Shares of IT distribution giant Ingram Micro (NYSE:INGM) fell 4.3% in the afternoon session after JP Morgan analyst Samik Chatterjee downgraded the company's stock to 'Underweight' from a 'Neutral' rating.
Shares of freight delivery company XPO (NYSE:XPO)
fell 1.9% in the afternoon session after the company announced a leadership transition, with CEO Mario Harik set to take on the additional role of Chairman of the Board.
Shares of edge cloud platform Fastly (NYSE:FSLY) jumped 5.6% in the afternoon session after Keybanc upgraded the stock from 'Sector Weight' to 'Overweight' and announced a new price target of $14.
Shares of blood products company Haemonetics (NYSE:HAE).
fell 4.3% in the afternoon session after Needham downgraded the stock from 'Buy' to 'Hold', citing concerns about growing competition.
Shares of digital media conglomerate IAC (NASDAQGS:IAC) fell 3.1% in the afternoon session after Oppenheimer downgraded the company's stock to 'Perform' from 'Outperform,' citing concerns about its valuation.
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 2.8% in the afternoon session after analysts reacted positively to its inaugural "Autonomy & AI Day," where it revealed plans for a custom-designed processing chip and a new subscription service for its self-driving features.
Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) fell 4.2% in the afternoon session after a broad sell-off in the technology sector and continued concerns about the company's financial health.
Shares of EV charging solutions provider ChargePoint Holdings (NYSE:CHPT)
fell 4.6% in the afternoon session after the company filed for the sale of 4.73 million shares of common stock, creating concern among investors. The move to sell additional shares, which often signals a company's need to raise money, can lead to the dilution of existing shares. This development came amid a challenging backdrop for the electric vehicle (EV) industry.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.8% in the afternoon session after Wedbush analyst Dan Ives reiterated his $600 price target, declaring 2026 a pivotal "monster year" for the EV giant.
Shares of enterprise workflow automation company ServiceNow (NYSE:NOW) fell 10.8% in the afternoon session after reports revealed the company was in talks to acquire cybersecurity startup Armis for $7 billion.
Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF)
fell 5.2% in the afternoon session after analyst sentiment turned more cautious following recent price target reductions from financial firms.
Shares of materials and photonics company Coherent (NYSE:COHR) jumped 1.1% in the afternoon session after JPMorgan raised its price target on the stock to $215, prompting investor optimism. The bank cited significant growth potential for the company. The move also followed Coherent's launch of a new 300mm silicon carbide platform. This technology was designed to meet the increasing need for better cooling efficiency in artificial intelligence (AI) data centers. Additionally, the new platform bolstered technologies used in other advanced electronics, including augmented and virtual reality (AR/VR) devices.
Shares of scientific consulting firm Exponent (NASDAQ:EXPO) jumped in the afternoon session after UBS raised its price target on the company's stock to $81 from $76. The financial services firm kept a "Neutral" rating on the stock.
March ICE NY cocoa (CCH26 ) today is down -429 (-6.83%), and March ICE London cocoa #7 (CAH26 ) closed down -321 (-7.05%). Cocoa prices are sinking today as rains in West Africa and a delay in the seasonal Harmattan winds have been beneficial to coco...
Tesla shares were up nearly 4% in Monday’s midday trade after CEO Elon Musk stated in a post on Sunday that the EV giant had begun fully autonomous testing of Robotaxis in Austin.
