June 18, 2024 at 9:26 am

Aerovate Therapeutics Misses Primary Endpoint in Hypertension Trial, Shares Drop 93%

Shares in Aerovate Therapeutics (Nasdaq: AVTE) fell by almost 100% on Monday after the company announced topline results from its Phase 2b, trial of AV-101, a novel dry powder inhaled formulation of imatinib, in adults with pulmonary arterial hypertension (PAH). The study missed its primary endpoint of improvement in pulmonary vascular resistance (PVR) compared to… [Read More]
June 17, 2024 at 1:10 pm

Magnite (MGNI) Prepares for Take Off and Partners with United (UAL) to Provide Advertising Solution for Inflight Personal Entertainment

PRISM AdTech and Media Index company, Magnite (MGNI) who is also the largest independent sell-side advertising company, has announced it will power the delivery of advertising on United Airlines’ (UAL) inflight personal device entertainment platform. Most recently, United launched Kinective Media which provides advertisers the ability to reach travelers through the airline’s inflight personal entertainment… [Read More]
June 14, 2024 at 3:58 pm

Tiziana Life Sciences Aims to Fast-Track Multiple Sclerosis Treatment with FDA Submission

Tiziana Life Sciences (Nasdaq: TLSA) has received acceptance from the FDA  of its submission for intranasal foralumab to receive Fast Track Designation approval for the treatment of non-active, secondary-progressive multiple sclerosis (na-SPMS). The company is developing intranasal foralumab for the treatment of autoimmune and inflammatory diseases. Foralumab dampens inflammation by modulating T cell function, and… [Read More]
June 14, 2024 at 12:49 pm

Stocks making the biggest moves midday: Adobe, RH, Hasbro and more

Here’s an update on some notable movements in the market during midday trading: Adobe made headlines as it saw a 14% rise in its software stocks, following outstanding quarterly results and promising full-year forecasts. This spike also reflected JPMorgan’s decision to upgrade Adobe’s shares from neutral to overweight. In contrast, luxury retailer RH’s stocks fell… [Read More]
June 14, 2024 at 8:24 am

Stocks making the biggest moves premarket: Adobe, Hasbro, GameStop and more

Here’s the scoop on the companies that had people talking before the stock market opened. GameStop — The meme-investment sensation experienced a 1.1% decrease following Keith Gill, better known as “Roaring Kitty,” indicating an increase in his GameStop ownership. He now reportedly possesses 9.001 million GameStop stocks and over $6 million in cash, as per… [Read More]
June 13, 2024 at 10:02 pm

Roaring Kitty Pounces on More GameStop Shares in Latest Meme Stock Frenzy

Keith Gill, better known as “Roaring Kitty,” a key figure in the meme stock phenomenon, has significantly increased his stake in GameStop. Recently, Gill revealed through a screenshot on Reddit’s Superstonk forum that his GameStop holdings now amount to over 9 million shares, along with maintaining over $6 million in cash. This substantial increase makes him the company’s… [Read More]
June 13, 2024 at 6:38 pm

Market Overview: Tech Leads Gains Amid Broader Economic Signals

Stocks closed at a fresh all-time high as the tech sector led a robust rally, with Treasury yields dropping on expectations that the Federal Reserve may cut interest rates this year in response to signs of disinflation. The S&P 500 secured its fourth consecutive record, marking its 29th record this year, buoyed by late trading… [Read More]