Today's stock market news is highlighted by several significant developments across various sectors that could impact investor sentiment and market dynamics.
- Mondelēz International (MDLZ) announced a strategic partnership with Lotus Bakeries to expand the Lotus Biscoff® brand in India and develop co-branded chocolate products, leveraging Mondelēz's distribution network. Read More
- Viridien (CGG) secured a sale of its Sercel Marlin vessel monitoring system to ExxonMobil Guyana, enhancing safety for offshore operations. Read More
- Stellantis (STLA) reaffirmed its 2024 financial guidance, expecting double-digit margins and substantial returns through dividends and buyback programs. This includes a plan to distribute over €7.7 billion next year. Read More
- Ivanhoe Electric (IE) clarified reports about its stock after addressing misleading headlines regarding its relationship with Saudi Arabia's Ma'aden, confirming no plans for share sales. Read More
- Agenus (AGEN) published promising results from its novel immunotherapy for colorectal cancer, showing significant survival rates, with plans for a Phase 3 trial later this year. Read More
- ACI Worldwide (ACIW) announced a $400 million share repurchase program to enhance shareholder value moving forward. Read More
- High Tide (HITI) reported record free cash flow of $9.4 million in its latest quarter, highlighting a strong operational performance amidst a growing cannabis retail market. Read More
- Crescent Energy (CRGY) announced a $750 million private placement of senior notes to fund its merger with SilverBow Resources, strengthening its financial position. Read More
- Tesla (TSLA) completed its annual stockholder meeting, approving key proposals including the relocation of the company's headquarters to Texas. Read More
- Bristol Myers Squibb (BMY) received FDA approval for Augtyro™, a new treatment for patients with NTRK-positive solid tumors, expanding its oncology portfolio. Read More
These developments reflect ongoing strategies for growth, safety, and innovation within various sectors, affirming a robust market ahead.
