24H｜Merus Surges 19%; Chinese ADRs Jump With Li Auto up 7%, Alibaba up 3%; Wolfspeed Drops Another 3%

TigerSep 29, 2025 2:14 AM

View all comments（0）



Denmark’s Genmab A/S is in advanced talks to acquire Merus NV, a Dutch drugmaker that’s developing a treatment for cancer of the head and neck, according to people with knowledge of the matter, Bloomberg reported. US-listed Merus shares surged 19.1% in overnight trading.

Some Chinese ADRs jumped in overnight trading. Li Auto rose 7%; Alibaba rose 3%; Bilibili, NIO, and XPeng rose 2%; Trip.com, NetEase, JD.com, Baidu, and PDD Holdings rose 1%.

Wolfspeed is pushing forward with corporate restructuring while navigating bankruptcy court. The semiconductor company announced plans to convert from North Carolina to Delaware incorporation by September 29, 2025. The shares plunged 34.6% on Friday, and dropped another 3.3% in overnight trading.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Samsung’s Largest Strike in History: Can SK Hynix and Micron Sit Back and Reap the Benefits?

TradingKey - On May 21, 61,000 union members at Samsung Electronics will launch an 18-day general strike, following a 93.1% approval vote. Government mediation between labor and management has collapsed.

Inflation 'High Fever' Fails to Stop Rally? BTC Temporarily Loses 80,000 Mark, But Arthur Hayes Sees Peak of $126,000

Higher-than-expected CPI data triggered a Bitcoin drop below $80,000, but the BitMEX co-founder remains staunchly bullish on BTC.

Japan and South Korea Stocks Open Lower, Samsung Strike Storm and Higher-Than-Expected Inflation Disrupt Markets

TradingKey - On May 13, the Nikkei 225 Index opened 0.5% lower, while South Korea’s KOSPI Index opened down 1.7% before losses further widened to 3%.

Today’s Market Recap: US Inflation Hits 3-Year Peak as Market Braces for Trump’s China Visit and Fed Leadership Shift

April inflation hit a three-year peak of 3.8%, pressuring the Nasdaq and tech stocks. Markets are further braced by Kevin Warsh’s Fed Chair confirmation, the maintenance of Trump’s 10% global tariffs, and a high-profile U.S. business delegation preparing for a strategic state visit to China.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

Featured Tools