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EXPLAINER-How US marijuana reclassification could help cannabis companies
Aug 12 (Reuters) - U.S. President Donald Trump's administration is looking to reclassify marijuana as a less dangerous drug, a shift that could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding.Trump said on Monday a dec...Reuters
Tue, Aug 12
Jefferies downgrades Open Text to 'hold' rating on uncertainty
** Jefferies downgrades Canada-based software and services provider Open Text OTEX.O to "hold" from "buy" rating, citing uncertainty over the future of the business after leadership transition** OTEX announced that CEO Mark Barrenechea will no longer serve in his leadership roles, ef...Reuters
Tue, Aug 12
LIVE MARKETS-Russian gas taps to Europe unlikely to flow anytime soon
STOXX 600 little changedEyes on US consumer pricesUS, China extend tariff truceWall St futures steadyWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com RUSSIAN GAS TAPS TO EUROP...Reuters
Tue, Aug 12
WisdomTree dips after $475 mln convertible bond sale for acquisition
** Shares of asset manager WisdomTree WT.N down 2% on light premarket volume at $12.95 after acquisition-related capital raise** New York-based WT announces pricing private offering of $415 mln 4.625% convertible bonds (CBs) due 2030, and full exercise of $60 mln over-allotment option** Base offerin...Reuters
Tue, Aug 12
Passage Bio Inc reports results for the quarter ended June 30 - Earnings Summary
Passage Bio Inc PASG.OQ reported a quarterly adjusted loss of $2.96 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-5.20. The mean expectation of four analysts for the quarter was for a loss of $4.05 per share. Wall Street expect...Reuters
Tue, Aug 12
European Q2 corporate profit outlook improves further
By Javi West Larrañaga and Marleen Kaesebier Aug 12 (Reuters) - The outlook for European corporate health has considerably improved, the latest earnings forecasts showed on Tuesday, showing a continued rise after the extension of the U.S.-China tariff truce and the EU-U.S. trade deal.European com...Reuters
Tue, Aug 12
1 Top Cryptocurrency to Buy Before It Soars 1,974%, According to Cathie Wood
Key PointsGreater capital flowing from institutional investors will drive this digital asset's price to new heights, according to Wood and her team. It's easy to get excited about lofty price targets that imply monster gains, but take these predictions with a grain of salt. The best investors can t...The Motley Fool
Tue, Aug 12
U.S. STOCKS ON THE MOVE-Chipotle, Intel, Palo Alto Networks
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures were trading flat on Tuesday, as caution prevailed ahead of a key inflation report that could sway expectations over the Federal Reserve's next monetary policy m...Reuters
Tue, Aug 12
Korro Bio Inc reports results for the quarter ended June 30 - Earnings Summary
Korro Bio Inc KRRO.OQ reported a quarterly adjusted loss of $2.74 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $-2.43. The mean expectation of ten analysts for the quarter was for a loss of $2.56 per share. Wall Street expected r...Reuters
Tue, Aug 12
CalciMedica Inc reports results for the quarter ended June 30 - Earnings Summary
CalciMedica Inc CALC.OQ reported a quarterly adjusted loss of 40 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -36 cents. The mean expectation of four analysts for the quarter was for a loss of 35 cents per share. Wall Stree...Reuters
Tue, Aug 12
CORRECTED-China, Hong Kong stocks gain after extension of trade truce deadline
By Summer Zhen HONG KONG, Aug 12 (Reuters) - China and Hong Kong shares climbed on Tuesday, as the extension of a tariff truce between the U.S. and China, the world's two largest economies, helped cushion investor sentiment.** Washington and Beijing on Monday extended a tariff truce by 90 day...Reuters
Tue, Aug 12
Adverum Biotechnologies Inc reports results for the quarter ended June 30 - Earnings Summary
Adverum Biotechnologies Inc ADVM.OQ reported a quarterly adjusted loss of $2.34 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -89 cents. The mean expectation of six analysts for the quarter was for a loss of $2.25 per share. Wall ...Reuters
Tue, Aug 12
US STOCKS-Wall St futures steady as investors brace for crucial inflation data
Futures: Dow up 0.03%, S&P 500 down 0.01%, Nasdaq down 0.01%Economists expect core inflation at 3% in July Intel climbs after CEO meets TrumpPalo Alto rises on Piper Sandler's rating upgrade By Johann M Cherian and Sanchayaita Roy Aug 12 (Reuters) - U.S. stock index futures were trading ...Reuters
Tue, Aug 12
USA Rare Earth gains on tie-up with Enduro for neo magnets delivery
** Shares of rare earth magnet company USA Rare Earth USAR.O rise 2.1% to $15.77 premarket** Company signs memorandum of understanding with Enduro Pipeline Services for delivery of the its neo magnets, of which USAR plans to begin production in early 2026** Enduro provides pipeline cleaning and inli...Reuters
Tue, Aug 12
These Are the Largest Financial Stocks by Market Cap. Here Are the 3 I'd Buy Today.
Key PointsBerkshire Hathaway is the largest company in the financial sector.JPMorgan Chase, Visa, Mastercard, and Bank of America round out the top five.A few of the largest financial stocks look like excellent long-term investments right now. 10 stocks we like better than Berkshire Hathaway › When ...The Motley Fool
Tue, Aug 12
TScan Therapeutics Inc reports results for the quarter ended June 30 - Earnings Summary
TScan Therapeutics Inc TCRX.OQ reported a quarterly adjusted loss of 28 cents per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for a loss of 28 cents per share. Wall Street expected results to range from -30...Reuters
Tue, Aug 12
Green Dot gains after raising annual profit forecast
** Digital bank Green Dot's GDOT.N shares jump 18.8% to $11.80 premarket** GDOT raised annual adjusted profit forecast on Monday, betting on increasing demand for banking as a service (BaaS) with its new and expanding partnerships** GDOT is continuing to pick up traction and build on momentum, s...Reuters
Tue, Aug 12
1 S&P 500 Growth Stock Down 31% to Buy in August
Key PointsChipotle just reported a very weak quarter.Shares of the restaurant chain are at their lowest level since a stock split last year.There are plenty of reasons to get excited about the company’s long-term strategy.10 stocks we like better than Chipotle Mexican Grill › Chipotle Mexican Grill ...The Motley Fool
Tue, Aug 12
Cardinal Health falls after co to buy Solaris Health for $1.9 billion
** Shares of drug distributor Cardinal Health CAH.N down 6.4% at $147.65 premarket ** CAH says it will acquire Solaris Health for about $1.9 billion in cash to expand its specialty business** Separately, co reports Q4 adj. profit of $2.08 per share, compared with analysts' estimates of $2.04 per...Reuters
Tue, Aug 12
European second-quarter corporate profits expected to rise 4.8%
Aug 12 (Reuters) - The outlook for European corporate health has considerably improved, the latest earnings forecasts showed on Tuesday.European companies are expected to report 4.8% growth in second-quarter earnings, on average, according to LSEG I/B/E/S data. That is above the 3.1% rise analysts h...Reuters
Tue, Aug 12
