The Latest Breaking News from Nasdaq

Over 115% jump in the Adani Green Energy stock year-to-date has caused a sharp rise in the wealth of the Indian billionaire Gautam Adani — putting him just a few billion dollars away from surpassing Berkshire Hathaway (NYSE: BRK-A) (NYSE:

AJP Holding Company, LLC agreed to purchase 20.8 million Sonim Technologies Inc (NASDAQ:SONM) shares at $0.84 per share for $17.5 million under a subscription agreement. Sonim shares closed at $0.70 on Wednesday. Sonim is a U.S. provider of ultra-rugged mobile devices, accessories, and solutions. AJP will own 52% of Sonim's post-transaction outstanding capital stock…

Amazon.com Inc (NASDAQ:AMZN) introduced a 5% surcharge to its delivery fees to shift the burden of the rising fuel costs and inflation, the Financial Times reports based on Amazon’s third-party sellers. Amazon will add the fee to the per-unit delivery cost implying the cost to deliver a T-shirt would rise from $5.07 to…

Escalade, Inc.(NASDAQ:ESCA) reported first-quarter sales growth of 22.3% year-over-year to $72.4 million, +12.2% organic growth, beating the consensus of $62.74 million. EPS improved to $0.49 from $0.39 in 1Q21. The gross margin declined 165 bps to 27.8%, while gross profit increased 15.4% Y/Y to $20.12 million. The operating income improved by…

The Healthcare products Regulatory Agency (MHRA) of the U.K. has granted Conditional Marketing Authorization for Valneva SE's (NASDAQ:VALN)COVID-19 vaccine candidate, VLA2001, for primary immunization in adults 18 to 50 years of age. MHRA found that VLA2001 meets safety, quality, and effectiveness standards. This new marketing authorization comes in addition to the emergency use authorization,…

In its SEC filing, Chimerix Inc (NASDAQ:CMRX) announced that it had been aware of unusual trading activity in the Company's common stock.  The Company believes the unusual trading activity may be attributable to statements regarding smallpox antiviral development and procurement contained in the Fiscal Year 2023 Congressional Justification for the Public Health…

Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) have announced results from a Phase 2/3 trial of a 10 µg booster (third) dose of COVID-19 vaccine in children aged 5-11 years. 

Gainers

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Pre-Open Movers U.S. stock futures traded with a marginal dip in premarket trade after the Nasdaq Composite index closed at 13,643.59, a rise of around 272 points. The premarket started with a slight rise following a good run among tech sector stocks. The late premarket session witnessed wavering ahead of…

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