March 15, 2024

PRISM Market Moves on Friday: Madrigal Pharmaceuticals, Getty and Rivian Outperform; Adobe, ULTA Beauty Slide

US equities are trading mostly lower on Friday at midday after a mixed session on Thursday. Big tech is lower, and cosmetics, internet, software, semis, medtech, hotels, credit cards and tobacco are underperforming. Friday is seeing strong performances from machinery, copper, autos, biotech, banks, personal care, E&Ps, and ag chemicals. Treasuries are mixed, the Dollar… [Read More]
March 15, 2024

Geron Corp’s Stock Still Soaring

Geron Corp’s (NASDAQ:GERN) stock is experiencing a significant surge since yesterday’s after-hours trading and holds steady after the breaking news of the U.S. Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee (ODAC) giving a favorable vote for the clinical benefit/risk profile of imetelstat in treating transfusion-dependent anemia. Key Details: Geron announced post-market close on… [Read More]
March 15, 2024

Tilray Receives Approval for Portugal’s First Medical Cannabis Extract

Tilray Brands, Inc. (Nasdaq:TLRY) has received approval from Portuguese regulators for its first medical cannabis extract, Tilray Oral Solution THC 5 CBD 20, marking a significant advancement in the medical cannabis sector within the country. Regulatory Approval for Cannabis Extract: Following its previously approved whole flower THC 18, Tilray has now gained regulatory approval for… [Read More]
March 14, 2024

Lithium Americas Secures $2.26 Billion DOE Loan for Thacker Pass Lithium Project

Lithium Americas Corp. (NYSE: LAC) received a conditional $2.26 billion loan from the US Department of Energy to support its Thacker Pass mining operation and the construction of a lithium processing plant. This funding is a part of the company’s strategy to begin producing battery-grade lithium carbonate. Key Points: The loan, combined with an investment… [Read More]
March 14, 2024

Canopy Growth Proposes Exchangeable Shares for U.S. Market Expansion on Heels of New Cannabis Products Launch

Canopy Growth (Nasdaq: CGC), a major cannabis company, has outlined plans to convert into exchangeable shares, following a recommendation from Glass Lewis for shareholders to approve a special resolution. This step is aimed at facilitating the company’s expansion into the U.S. cannabis market via a new entity, Canopy USA, LLC. Shareholders are advised to cast… [Read More]
March 14, 2024

Turtle Beach Announces Strategic Acquisition and Leadership Overhaul to Boost Market Position; Shares Surge 26%

Turtle Beach Corporation (Nasdaq: HEAR) has unveiled a set of strategic moves designed to enhance its stance in the gaming accessories market. These decisions include a significant acquisition and pivotal changes in leadership. HEAR leads the PRISM Consumer Products index, with shares seeing a substantial increase of 26% intraday on Thursday. Overview: Turtle Beach has… [Read More]