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BUZZ-Arcutis Biotherapeutics rises on strong sales of skin disease drug
** Shares of California-based drugmaker Arcutis Biotherapeutics ARQT.O rise 8.2% to $13.20 ** Company posted Q4 revenue of $71.36 million late on Tuesday on strong sales of skin disease drug Zoryve, beating analysts' estimate of $60.16 million, according to data compiled by LSEG** Co also posted...Reuters
Wed, Feb 26
Other
Europe plans to ease sustainability reporting rules to compete globally
Commission proposes mobilising 100 billion euros for clean techCommission proposes weakening rules on sustainability reportingEU looking to bolster competitiveness amid weak growthProposals come as Trump administration cuts back red tapeReforms need support in European Parliament, among EU statesAdd...Reuters
Wed, Feb 26
Other
New York Mayor Eric Adams seeks permanent dismissal of corruption case
Justice Department wants option to bring charges againAdams says leak of DOJ letter is unfair to himJudge still considering request to drop bribery caseBy Luc Cohen NEW YORK, Feb 26 (Reuters) - New York City Mayor Eric Adams on Wednesday asked a U.S. judge to permanently dismiss corruption charge...Reuters
Wed, Feb 26
Stocks
Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom
Recasts, adds details about Gazprom Neft handover of stakes in NIS to Gazprom,By Aleksandar Vasovic BELGRADE, Feb 26 (Reuters) - Russia's Gazprom Neft SIBN.MM transferred stakes of around 5.15% in Serbia's NIS NIIS.BEL oil company to Gazprom GAZP.MM, in an attempt to ward off U.S. sanctio...Reuters
Wed, Feb 26
Other
EU approves $2.3 billion takeover of Infinera by Nokia
BRUSSELS, Feb 26 (Reuters) - The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera INFN.O by Nokia NOKIA.HE.The commission said the takeover raised no concerns, as the companies' com...Reuters
Wed, Feb 26
Economic Indicator
US new home sales fall sharply in January
WASHINGTON, Feb 26 (Reuters) - Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers, the latest indication that housing market activity softened early in the first quarter.New home sales plunged 10.5% to a seasonally ...Reuters
Wed, Feb 26
Other
Dozens of delegates walk out of Russia's speech to UN rights council
French ambassador quote paragraph 5 and Ukraine deputy minister quote 9-12 and context after paragraph 12By Olivia Le Poidevin GENEVA, Feb 26 (Reuters) - Dozens of dignitaries walked out of Russia's speech to the U.N. Human Rights Council in Geneva on Wednesday in support of Ukraine.The deleg...Reuters
Wed, Feb 26
Stocks
Brinks Co reports results for the quarter ended December 31 - Earnings Summary
Brinks Co BCO.N reported quarterly adjusted earnings of $2.12 per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.76. The mean expectation of three analysts for the quarter was for earnings of $1.89 per share. Wall Street expecte...Reuters
Wed, Feb 26
Other
Alcon forecasts revenue growth in 2025, ready to cope with tariffs
Adds CEO comments on tariffs in paragraphs 8-10By Paolo Laudani Feb 26 (Reuters) - Alcon ALCC.S, ALC.N forecast sales of between $10.2 and $10.4 billion for 2025, in line with market expectations, after the eye care group reported higher fourth-quarter revenue underpinned by its surgical division...Reuters
Wed, Feb 26
Stocks
Lemonade's Revenue Beats Expectations
Lemonade (NYSE:LMND), an innovative insurance provider leveraging artificial intelligence, released its Q4 2024 earnings on February 25, 2025. The company exceeded analyst and management expectations, reporting revenue of $148.8 million against the estimated $144 million. Its EPS, though negative at...The Motley Fool
Wed, Feb 26
Stocks
Graham Holdings Co reports results for the quarter ended December 31 - Earnings Summary
Graham Holdings Co GHC.N reported quarterly adjusted earnings of $22.58 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $10.94. The lone analyst forecast for the quarter was for earnings of $22.12 per share. Revenue rose 6.8% t...Reuters
Wed, Feb 26
Stocks
BUZZ-Caesars Entertainment rises after swing to profit in Q4
Updates** Shares of casino operator Caesars Entertainment CZR.O rises 3.15% to ~$36 in early trading** CZR on Tuesday swung to Q4 profit from year-ago loss, driven by strong performance from its casino operations in Las Vegas** Co posted quarterly net income of 5 cents per share, compared with loss ...Reuters
Wed, Feb 26
Stocks
Extra Space Storage Reports Mixed Q4
Self-storage specialist Extra Space Storage (NYSE:EXR) reported mixed fourth-quarter 2024 earnings on Tuesday, Feb. 25. Funds from Operations (FFO) per share of $1.96, eclipsing the expected $1.08, while core FFO registered a slight year-over-year growth to $2.03 per share. Net income per share surg...The Motley Fool
Wed, Feb 26
Stocks
BUZZ-AST SpaceMobile gains on securing new $43 mln contract
** Satellite communications firm AST SpaceMobile's ASTS.O shares jump 15.5% to $30.23** ASTS secures new contract worth $43 mln to support the U.S. Development Agency through a prime contractor** "This second contract supporting the SDA underscores the confidence in AST SpaceMobile's inn...Reuters
Wed, Feb 26
Other
Iran's near-bomb-grade uranium stock jumps, IAEA reports say
Iran enriching uranium to up to 60% purity, near weapons gradeThat material is enough, if refined further, for six bombsNow producing enough for almost one bomb every monthIAEA says current situation is 'of serious concern'Adds senior diplomat in paragraph 8; wider context in 12-13By Francoi...Reuters
Wed, Feb 26
Stocks
BUZZ-Shares of North American copper miners rise on Trump tariff threats
Updates** Shares of copper miners in North America rise after President Donald Trump moved closer to imposing tariffs on imports of the red metal** Most active May copper futures on the U.S. Comex HGc4 exchange rose 3.1% to $4.67 a lb, having touched an 8-1/2-month peak on February 13** Comex contr...Reuters
Wed, Feb 26
Commodities
Chile 'monitoring' US probe into potential copper tariffs, government says
SANTIAGO, Feb 26 (Reuters) - Chile's foreign ministry said on Wednesday that it is "monitoring" a U.S. probe looking into potential new tariffs on imports of copper, a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.The Andean country is the...Reuters
Wed, Feb 26
