FG Merger II (NASDAQ:FGMC) finalizes BOXABL (NASDAQ:BXBL) merger following 83% redemption rate
FG Merger II Corp. finalized its merger with BOXABL Inc. on Friday. According to a June 8 filing, 82.7% of public shareholders tendered their shares.
SELLAS Life Sciences (NASDAQ:SLS) Shares Climb 12% as Estimated Equity Value Rises $1.6 Billion Since May
SELLAS Life Sciences Group, Inc. has gained approximately $1.62 billion in equity value following its REGAL update in May. Shares climbed to $13.19 in a rebound on Friday.
Transocean (NYSE:RIG) shares lag as oil rallies 16% for the week, with merger spread steady at 2.3%
Transocean Ltd. closed Friday nearly flat at $5.14. Over the week, its shares slipped 1.2%. Brent gained close to 16%.
Semiconductor shares climb back, though gains remain limited
Semiconductor shares recovered from a 6% morning slide to trade down roughly 1% as of midday Friday. SOXX stood at $525.43 after falling to $498.69 earlier in the session.
QYLD vs. JEPQ: A 0.9-point yield edge and a 6.2-point return gap
The Global X Nasdaq 100 Covered Call ETF had a 0.90-point reported yield edge in March. Its return gap ran the other way. JPMorgan Nasdaq Equity Premium Income ETF led three-year annualized performance by 6.24 points.
US consumer sentiment remains downbeat but spending holds steady, with staples leading
The share of Americans with a pessimistic view of the economy climbed to 61%, marking the highest level since December 2023. However, advance June retail sales were still 6.7% higher compared to the same period last year. The divergence is more significant than the individual data points.
Baiya International (NASDAQ:BIYA) jumps 31% in premarket trade as dilution risk remains in spotlight
Baiya International Group Inc. surged 30.9% to $3.98 ahead of Friday’s session. Premarket trading volume totaled 4.98 million shares as of 09:02 EDT. Nasdaq remained in premarket trading.
Wall Street Boosts Ratings But Leaves Price Targets Unchanged as Uranium Momentum Slows
Wall Street upgrades on Friday offered less confidence than the ratings appeared to imply. Nearly all upward revisions in disclosed targets were driven by Apple.
AtaiBeckley (NASDAQ:ATAI) shares reflect merger rights valued at 14% of par
AtaiBeckley Inc. was priced at $7.091 ahead of Friday’s session, declining 0.8%. The share price remained 34 cents higher than Eli Lilly and Co.’s $6.75 cash offer. Nasdaq premarket volumes were active. Trading officially opens at 9:30 a.m. EDT.
Intuitive Surgical (NASDAQ:ISRG) Shares Drop as Outlook Points to Weaker Second-Half Expansion
Intuitive Surgical was poised to lose roughly $16.3 billion in market capitalization, based on its premarket price of $357. The Nasdaq cash market had not yet opened.
ASX 200 declines as losses in materials offset rises across seven sectors
Australian shares ended down, with losses in materials offsetting advances in seven sectors. The benchmark dropped 44.0 points to finish at 8,796.7. The cash market had closed by the dateline.
NAB climbs even as Big Four banks face steepest drawdown ahead of jobs data
National Australia Bank Limited ended Thursday up 1.25% at A$39.76. However, the gain was not enough to significantly narrow its performance gap with the other major banks.
Westpac (ASX:WBC) rises 1% in Sydney, as analysts say rate-driven margin increase remains limited
Westpac Banking Corporation rose 1.05% over the past week. However, according to Westpac economists, their base case of two rate hikes might recover just half of the recent drop in its core margin.
NASA network constraints highlighted as New Horizons wakes; space stocks lose ground
Shares of three U.S. pure-play space companies dropped an average of 10.3% on Thursday, while two listed New Horizons heritage affiliates slipped only 0.5%.
S&P 500 finishes at 7,533.77; chip downturn overshadows broad earnings gains
The S&P 500 ended Thursday at 7,533.77, slipping 0.51% even as almost 75% of its components rose. The Nasdaq Composite dropped 1.47%.
Publix Store Closing List Belies Ongoing Rebuild Amid Margin Pressures
A widely shared list naming six Publix closures this week exaggerates the company’s pullback. Four locations will close in 2026, though each will receive a rebuild or has a replacement nearby. The remaining two shut down last year.
Wall Street ends lower; chip decline highlights S&P 500 concentration risk
U.S. stocks finished down on Thursday, pressured by a 4.29% decline in semiconductor shares. The Nasdaq fell 1.47%, with chip stocks weighing on the index's performance.
Coca-Cola (NYSE: KO) approaches 52-week peak as consumer staples gain strength
The Coca-Cola Co gained 2.6% to reach $84.63 as of 15:12 EDT, trading 1.2% under its July 7 peak. U.S. markets continued operating.
Energy sector buoyed by Middle East oil risk, outpaces tech by 3.5 points
On Thursday, U.S. energy stocks outperformed the technology sector by 3.5 percentage points, despite a decline in Brent crude prices. The divergence underscored that equity markets continued to price in lingering supply risks from the Middle East.
Amazon (NASDAQ: AMZN) steady as AWS leadership eyes AI spending
Amazon.com shares were steady Thursday as investors eyed a key AWS leadership shift. The new head is an infrastructure executive who is known for cutting costs. He will steer Amazon’s main AI unit.