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Sempra gains on sale of stake in infrastructure unit for $10 billion
** Shares of U.S. electric and gas utility Sempra SRE.N rise 3.3% to $85.11 premarket** Company to sell 45% equity interest in unit Sempra Infrastructure Partners for $10 billion to the affiliates of investment firm KKR KKR.N and Canada Pension Plan Investment Board** Deal implies an equity value of...Reuters
9 minutes ago
Morningstar to buy market data firm for $375 million to bolster index business
Sept 23 (Reuters) - Morningstar MORN.O said on Tuesday it will buy market data firm, the Center for Research in Security Prices (CRSP), from the University of Chicago for $375 million, as the investment insights firm looks to expand its index business.The deal is expected to close in the fourth quar...Reuters
16 minutes ago
RPT-BREAKINGVIEWS-Real-estate broker pays dearly for M&A bricks
By Sebastian PellejeroNEW YORK, Sept 22 (Reuters Breakingviews) - Upgrading from straw to brick is expensive and dangerous. Compass COMP.N, the biggest U.S. real estate brokerage by sales, will be paying dearly to do so just as stiffer winds blow against the industry. It agreed to buy rival Anywher...Reuters
28 minutes ago
U.S. STOCKS ON THE MOVE-Boeing, Gold miners, Silver miners
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures were largely unchanged on Tuesday after a tech-driven rally drove Wall Street to record closing highs for the third straight session, while investors awaited Federal...Reuters
28 minutes ago
US FDA declines to approve Scholar Rock's muscle weakness drug; shares fall
Sept 23 (Reuters) - The U.S. health regulator has declined to approve Scholar Rock's SRRK.O drug for a rare neuromuscular disease citing issues at a third-party manufacturing facility, the company said on Tuesday.Shares of the drug developer were down 14% in premarket trading.Scholar Rock is ban...Reuters
29 minutes ago
AutoZone falls after Q4 profit miss estimates
** Auto parts retailer AutoZone's AZO.N shares fall 3% to $4,000 premarket** Co reports Q4 EPS of $48.71/share vs analysts' average estimates of $50.80/share - data compiled by LSEG** AZO posts Q4 net sales of $6.24 bln in line with Wall Street estimates ** As of last close, stock had ri...Reuters
31 minutes ago
GLOBAL MARKETS-Stocks ride the AI rush and gold gains; Powell speech in focus
Wall Street futures hold steady after tech-fuelled rallyPowell in focusEuropean, Asian shares gain Gold hits a fresh high above $3,781 an ounceChip optimism underpins tech stocksEuro zone bonds steady after PMIsBy Canan Sevgili and Tom Wilson LONDON, Sept 23 (Reuters) - Global shares rose on Tues...Reuters
35 minutes ago
Pre-Bell｜Wall Street Futures Hold Steady After Tech-Fueled Rally; Plug Power Up 9%; Kenvue Up 5%; Firefly Aerospace Down 10%
U.S. stock index futures were largely unchanged on Tuesday after a tech-driven rally drove Wall Street to record closing highs for the third straight session, while investors awaited Federal Reserve Chair Jerome Powell's remarks on the economy.Market SnapshotAt 7.48 a.m. ET, Dow e-minis were up 42 p...Tiger News
38 minutes ago
Ireland's Kingspan plans Amsterdam IPO for data-centre focused unit
DUBLIN, Sept 23 (Reuters) - Kingspan KSP.I has begun working on an initial public offering of 25% of its data-centre focused ADVNSYS business in a deal tapping into booming demand for data storage that could leave the Irish building materials manufacturer debt-free.The initial public offering of ADV...Reuters
39 minutes ago
LIVE MARKETS-Obesity trade morphs into portfolio play
STOXX 600 up 0.3%AI optimism drives marketsEuro zone PMI at 16-month highWall Street 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.comOBESITY TRADE MORPHS INTO PORTFOLIO ...Reuters
40 minutes ago
Could This 1 Rising Star Cryptocurrency Be a Threat to Solana?
Key PointsHyperliquid is a fast and cheap blockchain with a narrow specialty.Its user base is rapidly growing, highly enthusiastic, and willing to pay.All of those features mean it could be a competitor to Solana.10 stocks we like better than Hyperliquid › Sometimes all it takes to make a blockchain...The Motley Fool
43 minutes ago
Elanco rises on label update for its skin disease treatment for dogs
** Shares of animal health company Elanco ELAN.N rise 2.2% to $19.45 premarket** The U.S. FDA has removed "risk of fatal vaccine-induced disease" from the label of its skin allergy drug for dogs, Zenrelia, in the U.S., company says ** "The totality of evidence supports removal of the ri...Reuters
46 minutes ago
Scholar Rock dips after US FDA declines to approve muscle weakness drug
** Shares of drug developer Scholar Rock SRRK.O fall 15% to $27.53 premarket** U.S. FDA has declined to approve co's rare neuromuscular disease drug, apitegromab, citing issues at third-party manufacturing facility** FDA issued complete response letter identifying problems during routine inspect...Reuters
47 minutes ago
Eupraxia Pharma drops on $70 mln equity raise
** U.S.-listed shares of Eupraxia Pharmaceuticals EPRX.O down 9.8% before the bell to $6.00 after overnight follow-on priced** Canadian biotech firm late Mon said it sold ~12.7 mln shares at $5.50 for $70 mln gross proceeds** Offering priced at 17.3% discount to stock's last close** Eupraxia int...Reuters
47 minutes ago
Lam Research falls after KeyBanc downgrades stock to sector weight
** Shares of chip-making equipment firm Lam Research LRCX.O down 1.7% at $130 premarket** KeyBanc downgrades stock to "sector weight" from "overweight"** Brokerage acknowledges co's growing exposure to cutting edge chip technology and upgraded memory cycle, but says strong pricin...Reuters
49 minutes ago
Firefly Aerospace falls after Q2 loss widens
** Shares of space launch vehicle designer and manufacturer Firefly Aerospace FLY.O slumps 10.7% to $44.22 premarket** FLY posts Q2 net loss per share of $5.78, vs. analysts' expectations of $5.29 - data compiled by LSEG** FLY Q2 net loss widened to $80.3 million, compared with a net loss of $58...Reuters
50 minutes ago
Orsted court win against Trump lifts wind farm maker's shares
US ruling offers temporary relieve for OrstedRisk of credit downgrade reduced, analyst sayProject was 80% complete at time of work-stop orderOrsted incurs weekly cost of $15.7 million for projectBy Louise Rasmussen and Stine Jacobsen COPENHAGEN, Sept 23 (Reuters) - Orsted ORSTED.CO shares rose o...Reuters
53 minutes ago
Down 42%, Should You Buy This Top Growth Stock With $10,000 Right Now?
Key PointsThis company has come to dominate its industry in less than two decades, and management continues to focus on innovation and growth. A powerful brand coupled with a global network effect support the economic moat, adding durability to the business model. The market isn't asking investors t...The Motley Fool
58 minutes ago
Wall Street futures hold steady after tech-fueled rally; Powell in focus
Futures: Dow up 0.07%, S&P 500 down 0.04%, Nasdaq flatBoeing rises on Uzbekistan deal, potential China orderKenvue shares bounce, Trump's claims face pushbackBy Niket Nishant and Purvi Agarwal Sept 23 (Reuters) - U.S. stock index futures were largely unchanged on Tuesday after a tech-dri...Reuters
an hour ago
