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  • Crude Oil Prices Slide on Hopes Strait of Hormuz Will Reopen Soon
    May 20, 2026, 5:31 PM EDT. Crude oil and gasoline prices dropped sharply on Wednesday, with July WTI crude falling 5.66% and RBOB gasoline down 5.35%, hitting a 1.5-week low. The decline followed U.S. President Trump's remarks that the U.S. is in the 'final stages' of talks with Iran, fueling speculation the Strait of Hormuz-through which about 20% of global oil and liquefied natural gas pass-could reopen soon. The reopening could ease the supply disruption caused by the ongoing U.S.-Iran conflict, which has curtailed Persian Gulf crude output by about 14.5 million barrels per day according to Goldman Sachs. Despite mixed weekly inventory data from the Energy Information Administration, the market remains vulnerable to geopolitical tensions, including NATO's potential escort of ships through the Strait and recent regional military escalations.

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Immunovant Stock Surges 35% After Arthritis Drug Data: Why Wall Street Is Repricing IMVT

Immunovant Stock Surges 35% After Arthritis Drug Data: Why Wall Street Is Repricing IMVT

20 May 2026
Immunovant shares jumped 35.3% to $35.56 after reporting 16-week data showing its drug IMVT-1402 produced ACR20, ACR50, and ACR70 response rates of 72.7%, 54.5%, and 35.8% in difficult-to-treat rheumatoid arthritis. Roivant Sciences, its majority owner, rose 14.9%. No new safety signals were reported. The trial enrolled 170 patients, most of whom had failed two prior advanced therapies.
FuelCell Energy surges as AI-fueled rally hits again, analysts wary

FuelCell Energy surges as AI-fueled rally hits again, analysts wary

20 May 2026
FuelCell Energy shares surged 16.5% to $20.22 Wednesday, rebounding after a two-day selloff. The move tracked a 1.5% gain in the Nasdaq Composite and renewed interest in companies supplying power to AI data centers. FuelCell reported a $26.1 million quarterly loss and a declining backlog, despite higher revenue and new data-center proposals. Peers traded mixed, with Bloom Energy up and Plug Power down.
e.l.f. Beauty Earnings Beat Comes With a Catch for Wall Street

e.l.f. Beauty Earnings Beat Comes With a Catch for Wall Street

20 May 2026
e.l.f. Beauty forecast fiscal 2027 sales and adjusted profit below Wall Street estimates, citing $15–$20 million in potential oil-related costs from the Iran war. Fourth-quarter net sales rose 35% to $449.3 million, beating expectations, but the company posted a $49.4 million net loss due to a $57.6 million charge tied to the Rhode acquisition. Shares rose after hours despite closing down 4.3% earlier.
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