The Latest Breaking News from Nasdaq

Integrated LatAm healthcare and pharmaceutical company Procaps Group (NASDAQ:PROC) has agreed to acquire Grupo Somar (including Grupo Farmacéutico Somar, Química y Farmacia, Gelcaps, and related entities) from Advent International, private equity. Deal terms were not disclosed. Grupo Somar is focused on developing, manufacturing, and marketing branded generic, private label, and OTC products targeted to…

Adverum Biotechnologies Inc (NASDAQ:ADVM) has shared new data from the ADVM-022 development program in wet age-related macular degeneration (wet AMD).  The data were presented at the American Society of Gene and Cell Therapy (ASGCT) 2022 Annual Meeting. It exhibited results of the non-human primate (NHP) studies that provide support for the new 6…

According to Barry Biffle, CEO of Frontier Group Holdings Inc. (NASDAQ: ULCC), airfares could remain high for the foreseeable future because the forces driving up pricing aren't going away.

Moderna Inc’s (NASDAQ: MRNA) chairman comes forward with a determined defense of the board’s executive hiring process after being forced to fire its new chief financial officer just a day after taking charge.

Tesla, Inc. (NASDAQ: TSLA) shares have not been spared in the marketwide selloff seen so far this year. In a further blow, an analyst known for being bullish on the EV maker lowered his price target on its stock.

  Analog Devices (NASDAQ:ADI) reported its Q2 earnings results on Wednesday, May 18, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Baidu, Inc (NASDAQ:BIDU) chip affiliate Kunlun discussed raising 2 billion yuan ($317 million) in its second funding round, Bloomberg reports. Kunlun has deployed its AI chips to power Baidu's core searching services, and the new financing will help it further expand its client base beyond its parent in a market dominated by Nvidia Corp (NASDAQ:NVDA). Demand…

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices.  The commission…

DouYu International Holdings Limited (NASDAQ:DOYU)  reported a first-quarter FY22 revenue decline of 16.6% to $283.3 million year-on-year, beating the consensus of $253.2 million. HUYA Inc (NYSE:HUYA) revenue missed the Q1 consensus amid China's live streaming crackdown and COVID resurgence. Segments: DouYu's Livestreaming revenues decreased by 13.6% Y/Y to $272.5 million due to prudent operating strategies in anticipation…

Lulu’s Fashion Lounge Holdings Inc (NASDAQ:LVLU) reported first-quarter FY22 sales growth of 62% year-on-year, to $111.90 million, beating the consensus of $98.78 million. The gross profit increased 70% Y/Y to $52.9 million, and the margin expanded 220 basis points to 47.3%. The operating margin was 2.9%, and operating income for the quarter rose…

Gainers Decisionpoint Systems, Inc. (NASDAQ: DPSI) rose 47.2% to $7.02 in pre-market trading after jumping around 19% on Tuesday. DecisionPoint Systems recently reported first-quarter FY22 revenue growth of 22.7% year-on-year to $19.7 million.