Recently covered

Qualcomm Samsung Expand Snapdragon Across Galaxy Devices

Qualcomm’s Snapdragon 8 Elite Gen 5 for Galaxy, Wear Elite, and AR1 Gen 1 will power Samsung’s new Galaxy lineup, including foldables, watches, and intelligent eyewear, to deliver a unified AI experience with strong on-device processing and cross-device connectivity. The expanded partnership positions Snapdragon across Samsung’s ecosystem beyond phones, signaling a broader platform strategy for Galaxy AI while prompting questions about vendor leverage and user adoption in XR and wearables.

6 sources

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Analysts Trim Celldex Price Targets, Shares Fall

Celldex Therapeutics faces a flurry of analyst revisions, with Cantor Fitzgerald and Canaccord Genuity trimming targets to 61 and 60 while maintaining overweight/buy ratings, and Morgan Stanley lowering its target to 40, reflecting mixed sentiment. Meanwhile, firms like Guggenheim and Wells Fargo have raised targets to around 100 and 54 respectively, indicating a broad range of views on the stock’s near-term prospects as it trades in the mid-30s.

7 sources

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Monopar Starts Rolling NDA for ALXN1840 Wilson Disease

Monopar Therapeutics has begun a rolling submission of a New Drug Application with the FDA for ALXN1840 to treat Wilson disease, with the first completed sections already filed under a rolling NDA process. The first-in-class albumin tripartite complex activator carries Fast Track, Orphan Drug, and Rare Pediatric Disease designations and aims to become the first novel-mechanism therapy approved for Wilson disease in decades.

6 sources

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Brokers trim Equifax price targets, maintain buys

Equifax faced mixed price-target updates from analysts, with Baird shaving its target to $232 from $245 and Needham maintaining a Buy rating while setting a new target around $245. The company also reported stronger-than-expected quarterly results, delivering $2.25 per share on $1.70 billion in revenue, amid a chorus of updated ratings from several banks.

7 sources

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NovaGold plans Donlin Gold ownership via stock swap

NovaGold is set to acquire Paulson's remaining 40% stake in the Donlin Gold project via an all-share deal, gaining 100% ownership and creating a new Delaware parent to list on the NYSE with an implied equity value of about $4.2 billion. The deal reallocates ownership to roughly 65% for existing NovaGold shareholders and 35% for Paulson (voting power capped at 19.99%), expands the board, and aims to simplify financing and development for Donlin.

16 sources

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Trinity Biotech Plans 1-for-30 Reverse ADS Split to Meet Nasdaq

Trinity Biotech plans a 1-for-30 reverse ADS split, changing from 1 ADS for 20 Class A shares to 1 ADS for 600 Class A shares, to regain Nasdaq’s $1 minimum bid price and attract a broader investor base, with the move taking effect around July 24, 2026. The announcement followed by a dash in premarket trading and comes amid concerns over the company’s weak finances and profitability, which have kept the stock trading at depressed levels.

8 sources

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Trump Expands Generics Tariff, India Impact Highlighted

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

42 sources

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Alaska Air Posts Q2 Loss, Downgrades Q3 View

Alaska Air posted a second-quarter loss and forecast third-quarter earnings near or below Wall Street expectations as jet fuel costs stay high amid renewed Iran-related tensions, pressuring margins. The airline is diversifying fuel sourcing and raising fares to offset costs, with Q3 guidance ranging from break-even to about $1 a share and continued attention on fuel-driven earnings pressure.

14 sources

iPower Plans AI Hardware Leasing Subsidiary

iPower Inc. is forming a dedicated AI subsidiary, iPower AI LLC, to pursue AI hardware leasing and compute resource distribution with preliminary customer interest but no definitive agreements yet. The filings also indicate the subsidiary joining a guaranty tied to its senior secured convertible note facility as part of ongoing financing arrangements.

6 sources

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FatPipe Wins $7M School Network Contract

FatPipe, Inc. has been awarded a roughly $7 million contract to supply network edge products and monitoring services to schools, aiming to improve network availability, visibility, and access to digital learning platforms. The deployments underscore FatPipe's role in supporting large-scale public-sector education networks across multiple connectivity options.

8 sources

Envoy Medical 3-Month Milestone for 56 Patients

Envoy Medical has activated all 56 participants in its Acclaim fully implanted cochlear implant trial, and ongoing follow-up is the focus as regulators review safety and hearing outcomes ahead of a planned FDA PMA submission. Interim data show strong gains, including a 12-month mean word recognition around 53.2%, with six-month and 12-month milestones targeted for late 2026 and April 2027 respectively.

6 sources

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Powerlaw Plans 4.3M Share Buyback

Powerlaw Corp. (PWRL) disclosed a 12-month share repurchase program to buy up to 4,324,293 shares, representing 10% of outstanding stock, but only when the shares trade at a 5% or greater discount to NAV. While the news sparked roughly a 4% pre-market uptick, the program's meaningful impact depends on the stock remaining sufficiently below NAV to enable repeated repurchases.

6 sources

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Cadrenal Launches Cardiac Acute Care Franchise, Seeks Partners

Cadrenal Therapeutics has reorganized its clinical portfolio into a Cardiac Acute Critical Care Franchise and is launching a structured process to secure strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets, including CAD-1005, frunexian, and tecarfarin. The move aims to maximize asset value through a partnership-driven model, supported by Phase 2 data showing more than a 25% reduction in thrombotic events and by orphan drug designations, with exploration of expanded indications such as Kawasaki disease in pediatrics and broader cardiorenal applications.

5 sources

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Venu Secures $20M Bridge Loan for Sunset Amphitheater

Venu Holding has secured a $20 million bridge loan from Ryan, LLC to fund construction of the 20,000-seat Sunset Amphitheater in McKinney, Texas, with permanent financing expected in the third quarter of fiscal 2026 to cover remaining costs and an opening targeted for early 2027. The financing is non-dilutive and part of Venu’s growth strategy via public-private partnerships, supported by Ryan’s tax and incentives services, as the company continues expanding its entertainment venues.

5 sources

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Mobix Labs Launches National Security Initiative

Mobix Labs unveiled a National Security Matters Initiative to broaden its focus from connectivity into four national-security-aligned pillars: critical resources and advanced materials; defense, aerospace and autonomous systems; energy, water and critical infrastructure; and digital infrastructure and strategic technologies, guided by a disciplined framework for acquisitions, investments, partnerships, and organic growth. The plan reinforces a long-term strategy to strengthen domestic supply chains and industrial capacity, building on the SPD acquisition relationship to pursue opportunities across defense, infrastructure and related sectors.

5 sources

Jerash Board Nominates Ng Chairman, Choi Remains CEO

Jerash Holdings’ board nominated co-founder Tsze Lun Ng (Ringo Ng) to become Chairman if elected at the 2026 Annual Meeting, while Sam Choi will remain CEO and will not stand for re-election to the Board. The leadership transition is presented as a move to strengthen governance and focus on long-term growth.

5 sources

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Einride plans to acquire Flipturn in stock deal

Einride AB will acquire Flipturn in an all-stock deal valued at $38.4 million, boosting its energy under management and expanding North America’s largest heavy‑duty EV charging ecosystem. The move strengthens Einride’s U.S. presence and advances a fully integrated electric freight technology stack, including charging, energy management software, and a brokerage layer to connect fleets with third‑party networks.

8 sources

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Ceragon Secures Five-Year, $70 Million APAC Network Deal

Ceragon announced a five-year, approximately $70 million deal with a Tier-1 Asia-Pacific mobile operator to supply transport solutions and deploy IP-50 series and E-band technologies for nationwide 4G/5G networks, along with dedicated technical support and potential expansion to Ceragon Insight managed services. The deal strengthens Ceragon’s APAC footprint and attracted investor attention, with shares rising on the news and trading around $2.24.

7 sources

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Equifax reports $1.70B Q2 revenue, pursues Círculo acquisition

Equifax reported Q2 2026 revenue of $1.700 billion, about 11% higher year over year, with GAAP net income of $183.9 million and diluted EPS of $1.54, alongside adjusted diluted EPS of $2.25 and adjusted EBITDA of $552.1 million as it pushes AI-driven efficiency. The company also announced the acquisition of Círculo de Crédito in Mexico, lifted its AI-driven cost-reduction target to $150 million for 2026–2028, and maintained full-year guidance of about $6.71–$6.78 billion in revenue and $8.39–$8.69 in EPS, plus Q3 adj EPS guidance of $2.15–$2.25.

7 sources

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CoinShares UCITS platform debuts Bitcoin Mining ETF

CoinShares announced a major expansion into Europe’s regulated investment ecosystem by launching a UCITS platform and its first fund, aimed at tapping institutional allocators across Europe and expanding beyond traditional crypto ETPs. The move integrates its ETPs, funds, and on-chain strategies into a multi-engine asset management platform, leveraging the UCITS framework to reach pension funds, insurers, and private banks that previously couldn’t hold certain debt-backed assets.

7 sources

Metropolitan Bank Plans $0.35 Quarterly Dividend, Payable Aug 11 2026

Metropolitan Bank Holding Corp. announced a quarterly cash dividend of $0.35 per share, up from $0.25, payable August 11, 2026 to holders of record as of July 31, 2026, signaling stronger cash flow and a shareholder-friendly capital return. While the bank trades with a modest valuation around a 12x P/E and a roughly $1.22 billion market cap, coverage notes include insider selling in the prior three months, which may temper enthusiasm despite the higher dividend.

6 sources

John B. Sanfilippo & Son Announces $1.05 Special Dividend

John B. Sanfilippo & Son, Inc. announced a $1.05 per share special cash dividend and a $0.95 per share regular annual dividend, totaling about $23.6 million to shareholders, with payments on September 9, 2026 and a record date of August 17, 2026. CEO Jeffrey T. Sanfilippo highlighted that this continues nine years of annual dividend increases and reflects strong financial performance and cash management.

6 sources

Karooooo Beats Q1 Estimates as FX Hits Shares

Karooooo Ltd CS beat Q1 FY2027 expectations driven by a 21% constant-currency rise in Cartrack subscription revenue and a 70% surge in net subscriber additions to over 2.8 million, with ARR up 32% in USD terms despite rand headwinds. The results reaffirm the full-year outlook, with continued growth in subscription revenue and subscriber base, though the stock’s after-hours reaction was muted amid broader market dynamics and profit-taking.

7 sources

Fed Chair Warsh: Crypto On Its Own, No Bailouts

Kevin Warsh, Trump’s nominee to head the Fed, says the central bank will not bailout crypto or any sector and will act to mitigate risks while keeping politics out of policy. His personal crypto holdings—reported to be well over $130 million—highlight the tension between his views and his own portfolio.

7 sources