October 17, 2024 at 8:59 am

Stocks making the biggest moves premarket: Elevance Health, Taiwan Semiconductor, Expedia, Lucid and more

Igor Golovnov | SOPA Images | Lightrocket | Getty Images Here’s a look at the significant business moves and shakes before the trading bell. Elevance Health The company saw a drop of over 10% in its shares following a disappointing third-quarter earnings report. However, CEO Gail Boudreaux maintains optimism despite what she termed “unprecedented challenges… [Read More]
October 16, 2024 at 3:46 pm

Stocks in Nuclear Energy Soar as Amazon Fuels Ongoing Market Excitement

Stocks in nuclear power corporations enjoyed a spike on Wednesday, propelled by Amazon’s announcement of its collaboration with utility companies to examine the potential of innovative small modular reactors (SMRs) within Virginia and Washington state. The online retail behemoth also contributed to a $500 million funding round for SMR firm X-energy, which is developing reactors… [Read More]
October 16, 2024 at 8:48 am

Stocks making the biggest moves premarket: Morgan Stanley, Cisco, ASML and more

Take a closer look at the businesses grabbing the limelight before the market opens. Cisco Systems This networking technology stock just gained almost 2% based on Citi’s promotion from neutral to buy. They believe artificial intelligence has the potential to take a larger role in the company’s future success. Novocure The company’s shares skyrocketed by… [Read More]
October 15, 2024 at 12:51 pm

BioStem Establishes National Pricing for Vendaje AC® Across All MAC Regions

The MedTech company focused on the development, manufacture, and commercialization of placental-derived biologics for advanced wound care, BioStem Technologies, Inc. (BSEM) has announced that the Center for Medicare Services (CMS) has established national pricing for its allograft product, Vendaje AC® in all Medicare Administrative Contractor (MAC) regions. This pricing announcement effective as of October 1, 2024, allows… [Read More]
October 15, 2024 at 12:37 pm

Nasdaq 100 Drops 1% as Tech Giants Nvidia and ASML Face Major Losses: Markets Wrap

Global equity optimism is showing signs of cooling, with a Bank of America survey flashing a sell signal. Meanwhile, Rubner predicts the S&P 500 rally has room to run as traders cancel their hedges. Disappointing earnings from Europe’s most valuable tech company, along with concerns over tighter US restrictions on chip sales, triggered a selloff… [Read More]
October 15, 2024 at 9:12 am

Lipella Pharmaceuticals Receives U.S. Patent Approval for Advanced Liposomal Drug Delivery Platform, Shares Rise ~15% in Pre-Market

The clinical-stage biotechnology company focused on developing therapies for serious diseases with unmet medical needs Lipella Pharmaceuticals Inc. (LIPO), announced the receipt of a notice of allowance from the U.S. Patent and Trademark Office (USPTO) for its proprietary liposomal drug delivery platform. This patent application covers key technology innovations for delivering therapeutic agents. The patent… [Read More]
October 14, 2024 at 12:39 pm

Big Brother Awards BigBear.ai 5-Year Production Contract Valued at $165M with US Army

BigBear.ai (BBAI) announced today that it has been awarded a five-year, $165.15M sole-source prime contract from the U.S. Army for Global Force Information Management (GFIM) Production Services. Since 2021, BigBear.ai has been working with the Army to modernize 15 legacy systems into a comprehensive, enterprise-wide intelligent automation platform, aligning with the Secretary of the Army’s… [Read More]
October 14, 2024 at 11:43 am

Auddia Exceeds Retention Goals and Shifts Focus to Subscription Conversion

  Mobile app grows retention from 5% to 12% in last year Proprietary AI platform shifts focus to subscription, revenue growth strategies App now offers more than 13,000 AM/FM stations Auddia Inc. (NASDAQ: AUUD), an AI-driven audio platform, announced it surpassed its 30-day retention target of 10%, reaching 12% in September . This reflects the… [Read More]
October 11, 2024 at 2:03 pm

Upstart and Blue Owl Team Up on Consumer Credit in $2Bn Agreement

The AI lending marketplace, Upstart (UPST) announced a loan purchase agreement with funds managed by Blue Owl Capital. Based on the terms of the agreement, over the next 18 months, Blue Owl’s Alternative Credit strategy will acquire up to $2Bn in consumer loans through the Upstart platform. The agreement includes an initial acquisition of a… [Read More]
October 11, 2024 at 11:50 am

PRISM Economics Brief: CPI, PPI and Jobless Claims Reported This Week with Inflation Continuing to Rise, Fed Rate Cuts Come Back Into Question

September headline Consumer Price Index (CPI) came in hotter than expected at 0.2% which has now increased the annual inflation rate to 2.4%, stalling inflation progress. Annual core CPI rose for the first time since March 2023 to 3.3%. Shelter and food were the largest contributors to the m/m increase. As CPI was reported higher… [Read More]
October 11, 2024 at 10:32 am

Will the DOJ Make Alphabet (GOOG) Soup and Break Up Google Over Search Monopoly?

In a court filing it was announced that the DOJ is considering ways that would prevent Alphabet’s (GOOG) Google from using products to advantage search and search-related products that includes AI over rivals or new entrants. Some remedies include banning search deals that would make Google the default on mobile phones to separating Chrome, Play… [Read More]