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The Latest Breaking News from Nasdaq

How Does Grupo Somar Acquisition Reaffirms Procaps' Strategy To Strengthen Footprint In LatAm

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…

Benzinga

Adverum's Data at ASGCT Further Supports Phase 2 Development Plans For Wet-AMD Gene Therapy

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…

Benzinga

Don't Expect High Airfares To Go Soon, Frontier Airlines' CEO Believes

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.

Benzinga

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Moderna's Chairman Defends Executive Hiring Process After Firing New CFO In Just One Day

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.

Benzinga

Tesla A 'Cornerstone Holding' — But Usually-Bullish Analyst Cuts Price Target Again Anyway

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.

Benzinga

Recap: Analog Devices Q2 Earnings

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.

Benzinga

Baidu's Chip Affiliate Explores Second Funding Round, Wants To Capitalize On Growing Appetite From Venture Capitalists

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…

Benzinga

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Microsoft Makes Amends Post European Commission's Antitrust Complaints

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…

Benzinga

DouYu Registers 17% Revenue Decline In Q1 Amid China's Live Streaming Crackdown

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…

Benzinga

Read How Lulu's Fashion Lounge Fared In Q1

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…

Benzinga

20 Stocks Moving in Wednesday's Pre-Market Session

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.

Benzinga

A Peek Into The Markets: US Stock Futures Down Following Tuesday's Rally

Pre-open movers

Benzinga

Apple Exec Who Quit Over Return-To-Work Policy Jumps Ship To Google

An Apple Inc (NASDAQ: AAPL) executive who put in his resignation over the tech giant’s return-to-work policy last week has already found his next opportunity at rival Alphabet Inc (NASDAQ: GOOGL) (NASDA

Benzinga

Coinbase Plans To Slow Hiring Amid Crypto Market Downturn

Major crypto exchange Coinbase Global Inc (NASDAQ: COIN) plans to slow hiring in the wake of rapidly declining cryptocurrency prices. What Happened: In an announcement on Tuesday, Coinbase said it would be reprioritizing its hiring needs after the current market downturn.

Benzinga

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Earnings Scheduled For May 18, 2022

Companies Reporting Before The Bell • Sypris Solutions (NASDAQ:SYPR) is projected to report earnings for its first quarter.

Benzinga

81 Biggest Movers From Yesterday

Gainers Eos Energy Enterprises, Inc. (NASDAQ: EOSE) shares gained 41.8% to settle at $1.90 on Tuesday. Eos Energy Enterprises recently reported worse-than-expected Q1 EPS and sales results.

Benzinga

Your iPhone Is Susceptible To Malware Attack Even When Switched Off

Apple, Inc.'s (NASDAQ: AAPL) iPhone is not immune to malware attacks when it is switched off, researchers at the Technical University of Darmstadt, Germany said in a research paper titled "Evil Never Sleeps."

Benzinga

Elon Musk Teases Next Tesla AI Day: 'Cool Updates' Coming In August

Tesla Inc. (NASDAQ: TSLA) is gearing up to hold its next AI Day in August, exactly a year after the first one, CEO Elon Musk tweeted on Tuesday. Tesla AI Day #2 on Aug 19. So many cool updates!

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news in one place.

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Benzinga

Netflix Lays Off 150 Employees Due To 'Slowing Growth:' What You Should Know

Netflix Inc (NASDAQ: NFLX) is reportedly laying off nearly 150 employees due to “business needs.”

Benzinga

DEA-Endorsed Cannabis Grower Makes History As First 'Plant-Touching' Firm On NASDAQ, Shares Soared

Bright Green Corporation (NASDAQ: BGXX), one of the very few companies selected by the US government to grow, manufacture and sell cannabis and cannabis-related research products, went public on the NASDAQ Tuesday, becoming the first U.S. plant-touching company to list on a major U.S.

Benzinga

EXCLUSIVE: Safe-T Group Is Seeing 'Endless' Demand For Its Mobile Cybersecurity, Privacy Solution

Safe-T Group Ltd (NASDAQ: SFET) CEO Shachar Daniel detailed his company's information security software Tuesday during an interview on "Benzinga Live."

Benzinga

Smith Micro (SMSI) Stock Ready to Inflect When Revenue Flows From Deals with T-Mobile (TMUS), AT&T (T) and Verizon

– Fundamentals: Q1 revenue beat, net loss in line with expectations – Catalysts: Revenue from T-Mobile (SafePath7) expected in Q2, AT&T and Verizon to follow – Sentiment more positive with revenues from T-Mobile and other carriers coming online

Benzinga

Dlocal Stock Surges Afterhours Post Q1 Results, Revenue Beat

Dlocal Ltd (NASDAQ: DLO) reported first-quarter revenue growth of 117% year-over-year to $87.5 million, beating the consensus of $82.79 million.

Benzinga

This Bluetooth Hack Could Allow Someone To Steal Your Tesla

Tesla Inc (NASDAQ: TSLA) has some of the most futuristic cars on the market. Owners don't use traditional keys to gain access; they don't even have that option.

Benzinga

Analyst Ratings for JB Hunt Transport Servs

Within the last quarter, JB Hunt Transport Servs (NASDAQ:JBHT) has observed the following analyst ratings:

1 … 521 522 523 524

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