Today: 20 June 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Pfizer trades up with Rigel’s Veppanu deal done

Pfizer trades up with Rigel’s Veppanu deal done

Pfizer shares edged up 0.15% to $26.04 after Rigel closed a Veppanu licensing deal with Arvinas and Pfizer, triggering a $35 million payment to Pfizer; the deal highlights ongoing investor focus on whether Pfizer’s oncology and obesity pipeline can offset COVID declines and looming patent losses, with analysts split on pipeline potential versus slow growth and patent pressure.
17 June 2026
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Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Technology shares fell 3.6% to $1,048.87 after a record high, as investors took profits in the hot AI memory trade ahead of the June 24 earnings call, where results will test whether booming AI-driven memory demand can justify the stock’s 800% run and high valuation, with analysts warning that any disappointment could hit both earnings expectations and the stock’s multiple.
16 June 2026
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AMC Shares Gain After $150 Million Sale Raises Cash

AMC Shares Gain After $150 Million Sale Raises Cash

AMC shares climbed 2.9% to $2.345 Tuesday after completing a $150 million at-the-market equity offering, boosting cash reserves but diluting existing holders; B. Riley raised its price target to $2.25, citing strong May box office and improved Q2 outlook, while analysts flagged dilution as a key investor concern.
16 June 2026
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Nokia Shares Slip as Investors Wait for Q2 AI Earnings Test

Nokia Shares Slip as Investors Wait for Q2 AI Earnings Test

Nokia’s U.S.-listed ADR fell 2.2% to $14.50 in morning trading after a sharp AI-driven rally, with no new earnings or warnings; investors are taking profits and reassessing valuation ahead of the July 23 Q2 results, where meeting AI/cloud growth expectations will be key to justifying the stock’s recent surge.
16 June 2026
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IM Cannabis Stock Surges as Traders Weigh Nasdaq Listing and Dilution Risks

IM Cannabis Stock Surges as Traders Weigh Nasdaq Listing and Dilution Risks

IM Cannabis surged over 12% to $0.2610 with premarket quotes at $0.3491 amid high volume and no new company news, as investors eye risks from a recent resale-registration filing covering 17.3 million shares and Nasdaq’s $1.00 bid-price deadline; full conversion could boost shares outstanding by 306%, raising dilution concerns and potential stock pressure.
16 June 2026
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StubHub rises after Einhorn stake, eyes World Cup boost

StubHub rises after Einhorn stake, eyes World Cup boost

StubHub shares soared 23% in five sessions to $11.50 after David Einhorn’s DME Capital disclosed a 4.23 million share stake worth $26.4 million, while Guggenheim reiterated its Buy rating and $12.50 target, citing surging ticket demand from the ongoing 2026 FIFA World Cup and strong Q1 results including a swing to net income.
16 June 2026
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Stock Market Today

  • Could SpaceX Trigger a UK Stock Market Crash in 2026?
    June 20, 2026, 2:22 AM EDT. Investors are wary as SpaceX's stock, with only 4.25% freely traded, experiences a surge driven by retail demand. Michael Burry, notable short-seller, warns of overvaluation but hasn't shorted due to costly options. SpaceX's price-to-sales ratio exceeds 100, far above the S&P 500 average of 3, signaling potential risk. Major shareholders like Scottish Mortgage Investment Trust hold significant stakes. A sell-off could ripple through global markets, including the UK, known for sensitivity to US stock movements. Analysts urge caution amid uncertainty, suggesting investors focus on fair-value stocks and monitor risks linked to SpaceX's market volume and valuation.

Latest articles

JBS shutdowns put pressure on U.S. beef as cattle prices rise

JBS shutdowns put pressure on U.S. beef as cattle prices rise

20 June 2026
JBS USA will close its Souderton, PA, and Memphis, TN, meat plants on August 14, cutting 1,693 jobs as tight cattle supplies drive negative U.S. beef margins; USDA data show beef prices up 14.8% year-over-year and forecast to rise another 12.1% in 2026, signaling ongoing cost pressure for packers and consumers.
TSMC Leads Nvidia in Short Week Chip Gains

TSMC Leads Nvidia in Short Week Chip Gains

20 June 2026
TSMC’s U.S.-listed shares soared 6.9% to $462.12, outpacing Nvidia’s 3.0% gain, as investors favored broad chip manufacturing exposure after an interim U.S.-Iran deal eased inflation fears and Taiwan’s central bank raised its 2026 economic-growth forecast to 9.45% on AI-driven semiconductor demand.
Intel Beats AMD for Week After Trump Comments on Apple Chips

Intel Beats AMD for Week After Trump Comments on Apple Chips

20 June 2026
Intel soared 10.6% to a record $133.99 after President Trump said Apple agreed to work with Intel on U.S. chip design and production, though neither company confirmed terms or details; analysts are split on the deal’s value, with Intel’s gains outpacing AMD’s 4.9% rise as the chip sector hit a record close.
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