Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Ofwat warns on South East Water outage as Severn Trent, United Utilities shares fall

Ofwat warns on South East Water outage as Severn Trent, United Utilities shares fall

Around 25,000 homes in Kent and Sussex lost water after a new supply failure at South East Water, prompting Ofwat to flag concern and launch a review. Shares in Severn Trent, United Utilities, and Pennon fell up to 2.6% as scrutiny intensified. South East Water is using tankers and bottled-water stations while restoring pressure, with full service expected by Wednesday. Some homes have faced four days without water.
13 January 2026
Ingenico’s WalletConnect tie-up brings stablecoin payments to in-store checkout

Ingenico’s WalletConnect tie-up brings stablecoin payments to in-store checkout

Ingenico said Tuesday it will enable stablecoin payments at checkout counters using WalletConnect Pay on its Android point-of-sale terminals. The feature will support five stablecoins and over 700 wallets, with fees expected below those of traditional card payments. Ingenico’s terminals operate in 120 countries, but the company did not say how many merchants will adopt the option immediately.
13 January 2026
Ligand Pharmaceuticals stock slides as FDA pushes back Travere’s Filspari decision to April 13

Ligand Pharmaceuticals stock slides as FDA pushes back Travere’s Filspari decision to April 13

Ligand Pharmaceuticals shares fell 10.6% after the FDA extended its review of partner Travere’s Filspari label expansion, resetting the decision deadline to April 13. Travere shares dropped 19%. The FDA classified the latest filing as a “major amendment” but did not request new safety or manufacturing data. The broader biotech sector was little changed.
Travere Therapeutics stock slides as FDA pushes Filspari FSGS decision into April

Travere Therapeutics stock slides as FDA pushes Filspari FSGS decision into April

Travere Therapeutics shares fell 19% Tuesday after the FDA extended its review of Filspari for broader use in kidney disease, pushing the decision deadline to April 13. The stock hit an intraday low of $22.35 before recovering. Travere forecast $127 million in Q4 U.S. net product sales and ended 2025 with $323 million in cash and equivalents. Analyst Joseph Schwartz warned a formal rejection from the FDA remains possible.
Plexus stock jumps 7% in midday trade as contract manufacturers rally after CPI

Plexus stock jumps 7% in midday trade as contract manufacturers rally after CPI

Plexus Corp (PLXS) shares surged about 7% to $171.65 Tuesday, outpacing peers in a broad electronics manufacturing rally. The move followed a December inflation report showing consumer prices up 2.7% year-on-year. Analysts expect Plexus to report Q1 EPS near $1.77 on January 28. The stock now trades above the average analyst target of $159.
SOLS stock jumps as Solstice Advanced Materials targets $220 million Virginia ballistic-fiber buildout

SOLS stock jumps as Solstice Advanced Materials targets $220 million Virginia ballistic-fiber buildout

Shares of Solstice Advanced Materials rose nearly 6% Tuesday after it announced a $220 million expansion of its ballistic fiber plant in Colonial Heights, Virginia. The company plans to add about 100 jobs by 2029 and boost production for armor materials. Investors await capex and demand updates on Feb. 11. The stock traded at $55.05 in afternoon session, up from Monday’s $52.01 close.
13 January 2026
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Abbott stock price: what to watch Monday after FDA Libre recall update, insider buy

Abbott stock price: what to watch Monday after FDA Libre recall update, insider buy

8 February 2026
New York, Feb 7, 2026, 17:35 EST — Market closed. Abbott Laboratories (ABT) shares rose 1.6% to $110.83 on Friday, extending a second straight day of gains. It trailed a broader rally in which the S&P 500 climbed 1.97% and the Dow gained 2.47%, and it remains 21.53% below its 52-week high of $141.23, with 9.9 million shares changing hands versus a 50-day average of 8.9 million. (MarketWatch) U.S. markets are shut on Saturday, leaving investors a weekend to focus on regulation rather than price action. The Food and Drug Administration updated a Class I recall notice — its most
Verizon stock snaps seven-day winning streak — what to watch for VZ into the new week

Verizon stock snaps seven-day winning streak — what to watch for VZ into the new week

8 February 2026
Verizon shares fell 1.7% to $46.31 on Friday, ending a seven-day rally and lagging a broad market rebound. The drop follows a leadership shakeup in the consumer unit, with Sowmyanarayan Sampath stepping down and Alfonso Villanueva named interim chief. Investors await delayed U.S. jobs and inflation data next week, which could affect rate-sensitive stocks.
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