Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Stock Market Today: Utilities Leads While S&P 500 Slips
Utilities led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
AstraZeneca to Take Rights Equal to ~12% of Summit Therapeutics in $2 Billion Preferred Stock Deal, Opens Ivonescimab-ADC Collaboration
AstraZeneca will invest $2 billion in newly issued Summit Therapeutics preferred stock for rights equal to about 12% of its common stock and launch an ivonescimab-ADC clinical collaboration, per company and analyst reporting.
Pentagon Awards Raytheon Up to $20.7 Billion to Nearly Double AMRAAM Production
The Pentagon awarded Raytheon, an RTX business, a five-year contract with two option years worth up to $20.7 billion to expand AMRAAM production, though Congress has not yet funded the full deal.
No Public Disclosure of Piper Sandler-Perella Weinberg Acquisition Talks, Despite Contrasting Advisory Profiles
A review of public disclosures on Piper Sandler and Perella Weinberg shows contrasting advisory profiles but no report or company statement describing acquisition talks.
uniQure Shares Fall 64% as AMT-130's 48-Month Huntington's Data Miss Statistical Significance on Key Composite Measure
uniQure shares fell 64% after 48-month AMT-130 data showed a 44% slowing on the cUHDRS with a p-value of 0.144, missing statistical significance versus an external control, per investorshub.advfn.com.
Anthropic's Confidential IPO Filing Shows $518 Billion in AI Infrastructure Commitments, Most Locked In
Anthropic's confidential IPO prospectus discloses at least $518 billion in AI infrastructure commitments across six partners, with roughly 80% structured as non-cancelable, according to Reuters and Financial Times reporting.
Starship Reaches Orbit for the First Time on Flight 14, Deploys All 26 Starlink V3 Satellites
SpaceX says Starship reached orbit for the first time on its 14th test flight and deployed all 26 Starlink V3 satellites, but controllers shortened time on orbit after a Raptor vacuum engine shut down early during ascent.
U.S. Bans on Canadian Alcohol, Whey, Motorcycles and Molasses Take Effect Sept. 29
U.S. import bans on Canadian alcohol, whey, molasses and motorcycles over 800cc took effect just after midnight Sept. 29, covering an estimated $19.9 billion of imports, CBC and CNBC report.
Shell and Partners Approve LNG Canada Phase 2, Doubling Kitimat Capacity to 28 Mtpa
Shell and its four LNG Canada partners have taken a final investment decision to double Kitimat's capacity to roughly 28 mtpa from 14 mtpa, with Ottawa estimating C$33-billion in private capital, according to CNBC and The Globe and Mail.
San Diego Jury Orders Apple to Pay More Than $5.7 Billion to Taction Technology Over Taptic Engine Patents
A San Diego federal jury ordered Apple to pay more than $5.7 billion to Taction Technology over Taptic Engine haptics patents, a verdict Apple says it will appeal.
AMD to Acquire Fei-Fei Li's World Labs for About $8.2 Billion in All-Stock Deal, Its Second-Largest Ever
AMD has agreed to buy Fei-Fei Li's World Labs for about $8.2 billion in an all-stock deal, its second-largest acquisition on record, with Li set to become AMD's chief scientist and executive vice president. CNBC reports the transaction is expected to close later this year.
Stock Market Today: Health Care Leads While S&P 500 Slips
Health Care led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
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