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NASDAQ:INMD 19 May 2026

InMed Soars 100% on $290M Migraine Deal

InMed Soars 100% on $290M Migraine Deal

InMed Pharmaceuticals shares jumped 108.6% to $1.42 after agreeing to merge with Mentari Therapeutics in an all-stock deal, shifting focus to migraine prevention. The combined company will operate as Mentari, backed by a $290 million private placement, with InMed shareholders owning about 1.51%. Nearly 69.6 million shares traded, and InMed’s market value reached $5.7 million.
19 May 2026
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Stock Market Today

  • Michael Burry Increases Alibaba Stake, Calls It China's Leading AI Firm Amid Stock Slump
    June 15, 2026, 4:03 AM EDT. Investor Michael Burry boosted his position in Alibaba Group (BABA), citing it as China's most advanced AI company. Despite a 23% year-to-date stock decline, Burry remains bullish, highlighting Alibaba's aggressive stock buybacks that enhance shareholder value. The company is investing heavily with a planned $56 billion AI expenditure over three years, which pressures profits. Alibaba's cloud and AI divisions showed strong growth in fiscal Q1, with cloud revenue surging and triple-digit expansion in AI products. However, Q1 earnings fell sharply, reflecting the spend's impact. Retail investors are currently neutral on Alibaba, trading at a forward price-to-earnings ratio of 17, indicating expectations for moderate growth. Alibaba trades over 1% lower ahead of Monday's open.

Latest articles

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 15.06.2026

15 June 2026
LIVEMarkets rolling coverageStarted: June 15, 2026, 4:00 AM EDTUpdated: June 15, 2026, 4:04 AM EDT London Stock Exchange Admits New Securities to AIM on June 15, 2026 June 15, 2026, 4:04 AM EDT. The London Stock Exchange has admitted new securities to trading on AIM, its sub-market for smaller growing companies. Public Policy Holding Company, Inc. issued 254,017 common shares; Sintana Energy Inc. entered with 650,000 common shares; and Tristel PLC added 11,000 ordinary shares. AIM is popular for firms seeking capital with regulatory flexibility. The securities have unique identifiers (ISIN and ticker), enabling investors to track and trade them
Dow Futures Tick Up, Oil Drops After U.S.-Iran Deal, SpaceX IPO in Focus

Dow Futures Tick Up, Oil Drops After U.S.-Iran Deal, SpaceX IPO in Focus

15 June 2026
Dow, S&P 500, and Nasdaq futures rose Sunday evening after reports of a U.S.-Iran peace deal that would reopen the Strait of Hormuz, sending oil prices down over 4% as traders anticipated resumed energy shipments; SpaceX shares surged 19.2% in their Nasdaq debut, closing at $160.95 and pushing market cap above $2 trillion, while investors await confirmation of the deal and details on shipping normalization.
Asia Opens June 16 as Oil Gains, BOJ and Fed Moves Loom

Asia Opens June 16 as Oil Gains, BOJ and Fed Moves Loom

15 June 2026
Brent crude plunged 4.02% to $83.82 and WTI fell 4.63% to $80.95 after the U.S. and Iran reached a deal to halt the war and reopen the Strait of Hormuz, easing inflation pressure and lifting profit expectations for Asian equities, but execution risks remain with the deal’s terms incomplete and potential for oil to rebound if tensions flare. (Reuters)
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