EIR Biopharma, an early-stage biotechnology firm specializing in ophthalmology, filed for an initial public offering on Tuesday to advance its lead therapeutic candidate. The company plans to sell 3.75 million shares of common stock at a price range of $4 to $5 per share, according to a filing with the Securities and Exchange Commission.
Semiconductor giant Analog Devices announced Tuesday it will increase its quarterly cash dividend to $1.10 per share, marking an 11% rise from the previous payout of 99 cents.
Ferroglobe PLC announced a 7% increase to its quarterly dividend on Tuesday, raising the payout to 1.5 cents per share as the silicon and manganese producer strengthens its commitment to shareholder returns.
Plutonian Acquisition Corp II, a Cayman Islands-based blank-check firm, filed for a $100 million initial public offering on Tuesday to target the energy storage and telecommunications sectors. The company intends to list on the New York Stock Exchange under the ticker PLUNU, marking its entry into the search for a strategic merger partner.
Energy shares and oil futures retreated as high-level diplomatic discussions between Washington and Tehran mitigated market anxiety over a temporary closure of the Strait of Hormuz.
Health care stocks edged lower on Tuesday as a major $10 billion acquisition by Danaher failed to offset a wave of mixed corporate earnings and concerns over future trade policy. While significant deal activity provided a boost, cautious outlooks from industry leaders and ongoing legal pressures weighed on broader sector performance.
Shares of metal and raw material producers retreated Tuesday despite a robust earnings season, as a sharp sell-off in precious metals and cooling copper prices weighed on the sector.
Industrial and transportation stocks climbed following the announcement of a multi-billion dollar acquisition in the shipping sector and a strategic pivot by an aviation firm to supply power to the artificial intelligence industry.
Consumer staples stocks tumbled after General Mills slashed its full-year outlook, citing a sharp pullback in household spending. The food processing giant’s warning resonated across the sector, dragging down competitors and highlighting the impact of persistent inflation on consumer behavior.
Shares in the financial sector climbed as a surge in multibillion-dollar merger activity and a new private-market initiative from Robinhood bolstered investor sentiment across Wall Street.
NovaBridge Biosciences has initiated a Phase 2 clinical trial for givastomig, dosing the first patient in a study targeting HER2-negative metastatic gastric cancer. The company expects to report top-line data from the trial, which combines the drug with nivolumab and chemotherapy, by 2027.
Clearway Energy announced a 1.6% increase to its quarterly dividend on Tuesday, raising the payout to 46.02 cents per share as the clean energy firm continues to prioritize shareholder returns.
EQT reported a 47% revenue surge in the fourth quarter, capitalizing on increased natural gas demand and price spikes triggered by severe winter weather. The producer delivered adjusted earnings of 90 cents per share, comfortably exceeding Wall Street expectations as operational efficiencies helped the company navigate seasonal volatility.
Amrize, a major player in the building materials sector, has authorized a $1 billion share repurchase program and a special dividend to return capital to its investors. The initiatives, announced Tuesday, are contingent on shareholder approval of the company's 2025 financial performance at its next annual general meeting.
Republic Services reported a fourth-quarter net income of $545 million, exceeding analyst expectations for earnings per share even as total revenue fell slightly short of Wall Street forecasts. The waste management giant benefited from core organic growth in its recycling and waste segments, offsetting a minor dip in its environmental solutions business.
Devon Energy reported a decline in fourth-quarter profit and revenue as the Oklahoma City-based producer prepares to finalize its $21.5 billion all-stock merger with Coterra Energy. Despite the year-over-year slip, the company’s adjusted earnings beat Wall Street expectations, bolstered by record-setting production levels in the Delaware Basin.
Leonardo DRS has secured multiple contracts under the Missile Defense Agency’s (MDA) $151 billion SHIELD program, positioning the defense contractor to support critical homeland defense infrastructure. The awards, announced Tuesday, fall under the Scalable Homeland Innovative Enterprise Layered Defense framework, a massive indefinite-delivery/indefinite-quantity vehicle designed to modernize the U.S. response to evolving aerial threats.
Robinhood is set to debut its first private-markets fund on the New York Stock Exchange in the coming weeks, offering retail investors a direct path to high-growth startups. The Robinhood Ventures Fund I, trading as RVI, aims to break down the barriers that typically restrict late-stage private investments to institutional players and the ultra-wealthy.
Daily Journal stock tumbled 10% on Tuesday after the publishing and software firm reported a fiscal first-quarter loss, driven by significant unrealized hits to its investment portfolio despite a double-digit rise in top-line revenue.
The U.S. Food and Drug Administration has authorized Shield Therapeutics to market its oral iron treatment, AccruFeR, for children aged 10 and older. The decision, announced Tuesday, significantly expands the patient base for the London-based biopharmaceutical firm following the drug's initial adult clearance in 2019.
Robinhood is set to launch its first venture fund on the New York Stock Exchange in the coming weeks, offering retail investors a rare gateway into high-growth private companies. Trading under the ticker RVI, the Robinhood Ventures Fund I aims to dismantle the barriers that have historically kept individual traders out of the private equity space.
Shares of Armada Hoffler Properties tumbled on Tuesday after the real estate investment trust announced a sweeping strategic overhaul, including a corporate rebranding to AH Realty Trust and a planned exit from the multifamily housing sector.
VisionWave shares rose Tuesday after the defense technology firm secured a $10 million agreement to develop a high-performance cryptocurrency mining platform. The deal, structured as a milestone-based program with an undisclosed third-party vendor, marks a strategic expansion for the company into digital asset infrastructure.
Wolfspeed shares climbed 11% on Tuesday following the appointment of Stefan Steyerl as Vice President of Sales for the EMEA region. The veteran executive, who officially joins the silicon carbide specialist on March 1, is tasked with scaling the company’s market presence across Europe, the Middle East, and Africa as it pivots toward high-growth power electronics.
The U.S. Food and Drug Administration has approved Harmony Biosciences’ supplemental drug application for Wakix, expanding its use to treat cataplexy in pediatric patients aged six and older. The decision establishes the medication as the first non-scheduled treatment option available for both adults and children suffering from the sudden muscle weakness associated with narcolepsy.
Donnelley Financial Solutions (DFIN) saw its shares climb 12% on Tuesday after the regulatory software provider snapped a multi-quarter losing streak with fourth-quarter revenue and earnings that significantly outpaced Wall Street estimates.
Crude oil and refined product futures slid on Tuesday following reports that high-level negotiations between the U.S. and Iran have established a framework for a potential nuclear deal. The prospect of easing geopolitical tensions in the Middle East, combined with looming production decisions from OPEC+, weighed on benchmarks during midday trading.
Ericsson and Microsoft announced a partnership on Tuesday to integrate AI-driven 5G capabilities into Windows 11, streamlining how enterprise laptops connect to cellular networks. By merging Microsoft’s device management tools with Ericsson’s Enterprise 5G Connect platform, the collaboration aims to automate network switching and optimize connectivity for corporate fleets.
JFB Construction shares cratered Tuesday after the Florida-based firm announced a $1.5 billion all-stock merger with Israeli drone manufacturer Xtend. The deal, expected to close by mid-2026, will pivot the construction company toward the defense sector under the new name Xtend AI Robotics.
Canaccord Genuity Group Inc. shares climbed Tuesday after the financial services firm reported third-quarter earnings and revenue that significantly outpaced analyst expectations. Driven by a resurgence in Australian metals and mining activity and record-high gold prices, the company’s profit more than doubled year-over-year, signaling a robust recovery in global capital markets.
