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Mirum’s brelovitug meets primary endpoint in hepatitis delta trial
Company News

Mirum’s brelovitug meets primary endpoint in hepatitis delta trial

INVESTING.COM

FOSTER CITY, Calif. - Mirum Pharmaceuticals Inc. (NASDAQ:MIRM) announced today that brelovitug met the primary endpoint in the Phase 3 portion of its AZURE-1 study for chronic hepatitis delta virus treatment, according to a press release statement.

At Week 24, 56% of patients receiving brelovitug 300 mg once weekly and 45% receiving 900 mg once every four weeks achieved the combined endpoint of virologic response and ALT normalization, compared to 0% in the delayed treatment arm (p<0.0001 for both comparisons). The Phase 3 portion enrolled 153 treatment-naive patients randomized in a 2:2:1 ratio across the three arms.

Virologic response rates reached 86% in the 300 mg arm and 85% in the 900 mg arm. ALT normalization occurred in 63% and 54% of patients in the respective dose groups. Among patients achieving virologic response, 25% and 26% reached HDV RNA below the lower limit of quantification, while 17% in each arm achieved target not detected status.

The 48-week data from the Phase

Cleveland-Cliffs slides as report shows Stelco idling plant over US tariffs
Company News

Cleveland-Cliffs slides as report shows Stelco idling plant over US tariffs

STREETINSIDER.COM

Investing.com -- Cleveland-Cliffs Inc. shares tumbled nearly 8% in late Monday trading following reports that its Canadian subsidiary, Stelco Holdings Inc., plans to halt operations at a key Ontario processing facility. The decline reflects growing market concern over the compounding toll of trade frictions on North American steel supply chains.

The operational curtailment marks a significant setback for the Canadian steel sector, which has struggled to adjust since the U.S. maintained a 50% tariff under Section 232 of the Trade Expansion Act. While Ottawa implemented countermeasures to curb foreign imports, Stelco noted that those actions proved insufficient to offset the market contraction triggered by restricted access to the U.S. market.

To mitigate the fallout, Cleveland-Cliffs is restructuring its operational footprint by shifting primary manufacturing focus to its more integrated Lake Erie Works facility in Nanticoke, Ontario. In an emailed statement sent to Bloomberg, Cliffs

Why is Gold Fields stock plunging today?
Company News

Why is Gold Fields stock plunging today?

INVESTING.COM

Investing.com -- Gold Fields Ltd ADR shares plunged 13.5% in pre-open trading after the company’s unsolicited takeover proposal for Australia’s Northern Star Resources Ltd was unanimously rejected by Northern Star’s board. Gold Fields had put forward an unsolicited bid for Northern Star Resources, but the board unanimously rejected the A$38.7 billion (~$27.1 billion) proposal that would have created the world’s second-largest gold producer behind Newmont. Northern Star indicated on September 24, 2026 that further discussions were not appropriate at that time, and Gold Fields filed a Form 6-K with the SEC on September 28, 2026 reporting no agreed or completed transaction.

The cash-and-stock scheme offered 0.3125 new Gold Fields shares plus A$7.25 in cash for each Northern Star share, which would have left Northern Star’s investors holding roughly 33% of the combined entity through a secondary listing on the ASX — a structure investors viewed as heavily dilutive to existing GFI sharehol

Navitas Semiconductor stock surges 20% on U.S. defense contract
Company News

Navitas Semiconductor stock surges 20% on U.S. defense contract

STREETINSIDER.COM

Investing.com -- Navitas Semiconductor (NASDAQ: NVTS) shares rose 20% in after-hours trading Monday following the announcement that the U.S. Government selected the company to develop next-generation 10 kV silicon carbide power semiconductors.

The U.S. Army awarded Navitas the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program after a competitive evaluation. The Army selected Navitas from among leading U.S. silicon carbide technology companies based on its ultra-high-voltage SiC innovation and U.S.-anchored manufacturing capabilities.

The ALATTIS prototype project will develop and validate a domestic manufacturing process for ultra-high-voltage silicon carbide power semiconductor devices through design, fabrication, and testing. The project is sponsored by the Army Research Laboratory, which operates under the U.S. Army Combat Capabilities Development Command.

The program aims to develop 10 kV SiC insulated-gate bipolar transistors and associated PiN diode technologies for mi

Prediction: Tesla Stock Will Plunge to $100 if the S&P 500 Enters a Bear Market
Analyst & Opinion

Prediction: Tesla Stock Will Plunge to $100 if the S&P 500 Enters a Bear Market

FOOL.COM

The S&P 500 (^GSPC -0.92%) stock market index last traded in bear territory during 2022 and 2023, when a stubbornly high inflation rate forced the U.S. Federal Reserve to aggressively hike interest rates. The index could find itself in a similar position in the near future, because soaring oil prices are stoking inflation once again, prompting the Fed to execute a rate hike at its recent September meeting.

The S&P 500 currently has a Schiller Cyclically Adjusted Price-to-Earnings (CAPE) ratio of 41.2, its second highest valuation since the peak of the dot-com internet bubble in 2000. In my opinion, this increases the odds of a severe downturn if headwinds like higher interest rates negatively impact the economy and investor sentiment.

Last time the S&P 500 entered bear territory, Tesla (TSLA -3.20%) stock plummeted by 75% from its peak to trade as low as $108. Because of the electric vehicle (EV) giant's shrinking earnings over the past couple of years, I predict it could experience

Nebius Is Raising the Price of Its AI Compute on Oct. 1. Here's What That Says About the Shortage.
Company News

Nebius Is Raising the Price of Its AI Compute on Oct. 1. Here's What That Says About the Shortage.

FOOL.COM

Nebius Group (NBIS -2.61%) is about to charge more for the computing power it rents out by the hour. On Thursday, Oct. 1, the artificial intelligence (AI) cloud company's on-demand rate for an Nvidia B300 graphics processing unit (GPU) climbs 21%, from $7.85 per hour to $9.50.

Nebius expects to spend $20 billion to $25 billion on capital expenditures this year, versus guided revenue of $3 billion to $3.4 billion. A company building capacity so fast normally needs to work to fill it, not raise prices on it.

But what does a price hike now say about how tight AI computing supply is? I think it says plenty. Still, the increase itself touches a smaller share of Nebius' business than the new rates imply.

Image source: Getty Images.

The Oct. 1 increase isn't the first this year. In early May, Nebius' pricing page showed the older H100 chip at $2.95 per hour and the B300 at $6.10.

After this round, the same chips will cost $4.50 and $9.50 -- around 53% and 56% more than five months before

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Burford Capital (BRF) shares surged 11.7% today after a jury awarded $5.7 billion in damages in the Taction Technology, Inc. v. Apple Inc. patent litigation case. Burford stands to benefit by approximately $1.4 billion from this verdict, split between its balance sheet and investment funds 🔗.

This significant payout potential, combined with a recently de-risked balance sheet and standing analyst support, propelled the stock to its highest intraday level in months, outperforming a broadly down market 🔗. The final amount is subject to post-trial motions and appeals 🔗.

Why is Burford Capital stock surging today?

Why is Burford Capital stock surging today?

INVESTING.COMSep 28, 2:53 PM UTC
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MongoDB (NASDAQ: MDB) shares plunged 15% following the abrupt resignation of President and CEO Chirantan "CJ" Desai. Desai is leaving to lead a new B2B AI initiative at Meta Platforms, directly reporting to Mark Zuckerberg 🔗.

Key points:

  • Leadership Change: Interim CEO Dev Ittycheria, former CEO from 2014-2025, steps in 🔗.
  • Meta's AI Ambition: Desai will spearhead the "Meta Enterprise Platform," packaging Meta’s AI stack for businesses 🔗.
  • Guidance Reaffirmed: MongoDB reaffirmed its Q3 and full-year fiscal 2027 guidance despite the leadership vacuum 🔗.
MongoDB stock drops 15% as CEO Desai resigns for Meta

MongoDB stock drops 15% as CEO Desai resigns for Meta

STREETINSIDER.COMSep 28, 12:42 PM UTC
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MongoDB (NASDAQ: MDB) shares dropped 15% following the immediate resignation of CEO Chirantan 'CJ' Desai. Desai is moving to Meta Platforms to lead a new B2B AI initiative, the 'Meta Enterprise Platform,' reporting directly to Mark Zuckerberg 🔗.

This move signals Meta's aggressive expansion into enterprise AI, leveraging its successful consumer AI 'Muse.' MongoDB has appointed former CEO Dev Ittycheria as interim CEO and reaffirmed Q3 and FY27 guidance, but the high-profile poaching highlights intensifying competition for top AI talent 🔗.

MongoDB stock drops 15% as CEO Desai resigns for Meta

MongoDB stock drops 15% as CEO Desai resigns for Meta

STREETINSIDER.COMSep 28, 12:42 PM UTC
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Jones Trading has initiated coverage on several AI and crypto-related companies, signaling potential market movements in these volatile sectors.

  • Fold Holdings (FLD): Buy rating with an 85% upside target of $1.00, citing product catalysts and balance sheet cleanup 🔗.
  • Hut 8 Mining (HUT): Buy rating with a 34% upside target of $130.00, highlighting operating excellence and pipeline size 🔗.
  • Big Digital Energy (BGDE): Buy rating with a $10.00 target, noting management alignment and AI/Bitcoin mining assets 🔗.
  • IREN Ltd. (IREN): Hold rating due to concerns over customer quality, retail investor base, and founder compensation, despite high demand for compute power 🔗.

These initiations provide fresh analyst perspectives on companies operating in high-growth, high-volatility segments. Investors should note the significant price targets and the specific concerns raised for IREN. 🔗

Jones Trading initiates Fold Holdings stock with buy rating

Jones Trading initiates Fold Holdings stock with buy rating

INVESTING.COMSep 28, 8:52 AM UTC
Hut 8 Mining stock initiated at buy by Jones Trading on growth outlook

Hut 8 Mining stock initiated at buy by Jones Trading on growth outlook

INVESTING.COMSep 28, 8:52 AM UTC
Jones Trading initiates Big Digital Energy stock with buy rating

Jones Trading initiates Big Digital Energy stock with buy rating

INVESTING.COMSep 28, 8:40 AM UTC
Jones Trading initiates IREN stock with Hold on customer concerns

Jones Trading initiates IREN stock with Hold on customer concerns

INVESTING.COMSep 28, 8:52 AM UTC
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Italian luxury group Armani is actively pursuing the sale of a 15% stake, as stipulated in founder Giorgio Armani's will. CEO Giuseppe Marsocci confirmed the company is open to involving multiple investors, with LVMH, L'Oreal, and EssilorLuxottica named as preferred buyers 🔗.

Key points:

  • CEO Marsocci stated that it's "not written in stone" that only one investor will acquire the stake 🔗.
  • The Financial Times reports meetings are scheduled with the three luxury giants to discuss a potential shared 15% holding 🔗.
  • The transaction is expected to occur within 12-18 months of the founder's death, with price and details still under negotiation 🔗.

This strategic move could significantly impact the luxury sector and the involved public companies.

Armani open to more than one investor for sale of 15% stake, CEO says

Armani open to more than one investor for sale of 15% stake, CEO says

CNBC.COMSep 27, 1:46 PM UTC
1

Citi analysts warn that Meta's Muse AI agent, by enabling easier comparison shopping, could pressure margins for retail electricity providers like NRG Energy (NYSE:NRG), Vistra (NYSE:VST), and Constellation Energy (NASDAQ:CEG) 🔗.

Key points:

  • AI agents increase consumer price sensitivity and switching activity.
  • Smaller providers face the greatest risk, while NRG is better positioned due to lower costs and scale.
  • Increased competition could weaken margins in the short-to-medium term.
  • Stronger operators may gain market share long-term as weaker competitors exit 🔗.

This highlights a new vector of AI disruption impacting traditional sectors.

Are AI agents like Muse a risk to retail electricity businesses?

Are AI agents like Muse a risk to retail electricity businesses?

INVESTING.COMSep 27, 1:58 AM UTC
2

Circle Internet Group (CRCL) stock fell 2.6% in extended trading after CFO Jeremy Fox-Geen and co-founder Sean Neville announced their departures 🔗. Fox-Geen, who oversaw a $1.2 billion IPO, will receive a $1.05 million severance package. While characterized as amicable, these executive transitions introduce short-term governance headwinds for the stablecoin provider as it navigates evolving digital asset regulations 🔗. Investors will monitor the company's executive search and operational continuity. #CRCL #Crypto #Fintech #ExecutiveChange

Circle stock dips as CFO Fox-Geen steps down and co-founder leaves board

Circle stock dips as CFO Fox-Geen steps down and co-founder leaves board

INVESTING.COMSep 25, 8:31 PM UTC
Stablecoin firm Circle finance chief Fox-Geen to step down

Stablecoin firm Circle finance chief Fox-Geen to step down

INVESTING.COMSep 25, 10:13 PM UTC
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Humana Inc. (HUM) shares jumped 6% today after Barclays upgraded the health insurer to Overweight from Equal-Weight. The upgrade is driven by increased conviction in Humana's upcoming Medicare Star ratings, with Barclays raising the probability of a key contract (H5216, covering 2.4M lives) achieving bonus status to 75%. This contract is critical for Humana's 2028 EPS target, representing an estimated $1.5 billion of EBIT and $9 of EPS. The Medicare Star ratings release is expected around October 8th 🔗.

Humana surges: Barclays bets big on Medicare star ratings rebound

Humana surges: Barclays bets big on Medicare star ratings rebound

STREETINSIDER.COMSep 25, 6:35 PM UTC
2

A federal appeals court upheld the Department of War's decision to remove AI developer Anthropic (ANTP) from its supply chain due to usage restrictions on its Claude AI model 🔗. This ruling highlights growing tensions between AI developers and government demands for unrestricted use, particularly in military applications.

Separately, Microsoft co-founder Bill Gates is advocating for strict federal AI regulation, warning of the technology's potential for mass casualties in the wrong hands 🔗. These developments signal an accelerating push for AI governance and could impact future AI development and deployment across sectors.

Anthropic supply-chain designation upheld in AI military dispute

Anthropic supply-chain designation upheld in AI military dispute

STREETINSIDER.COMSep 25, 6:04 PM UTC
Bill Gates demands federal AI guardrails, warns of "a billion deaths"

Bill Gates demands federal AI guardrails, warns of "a billion deaths"

INVESTING.COMSep 25, 3:26 PM UTC
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The AI infrastructure buildout continues to drive market activity, with several companies benefiting from significant deals and bullish analyst sentiment:

  • Anthropic's $11.6B Computing Deal: European AI-linked stocks, including ASML, Infineon, and STMicroelectronics, rallied following Anthropic's massive computing deal, signaling sustained demand for AI hardware 🔗.
  • Data Center Expansion: Cipher Digital (CIFR) surged 5.9% after extending its Barber Lake data center lease to 20 years, boosting contracted revenue to over $9 billion with a commitment from a leading AI lab 🔗. Atlas Energy Solutions (AESI) jumped 13% on new power equipment deals for AI data centers 🔗.
  • AI Optical Growth: Mizuho initiated coverage on Tower Semiconductor (TSEM) with an Outperform rating and $300 price target, highlighting its leadership in silicon photonics chips crucial for AI data center connectivity 🔗.

This trend underscores the ongoing investment and expansion in the AI ecosystem, from chip manufacturing to data center power and infrastructure.

European AI-linked stocks rally After Anthropic’s $11.6 bln computing deal

European AI-linked stocks rally After Anthropic’s $11.6 bln computing deal

STREETINSIDER.COMSep 25, 11:54 AM UTC
Cipher Digital stock jumps after extending Barber Lake lease

Cipher Digital stock jumps after extending Barber Lake lease

STREETINSIDER.COMSep 25, 11:54 AM UTC
Atlas Energy stock surges on AI data center power deals

Atlas Energy stock surges on AI data center power deals

STREETINSIDER.COMSep 25, 12:49 PM UTC
Mizuho bullish on Tower Semiconductor, points to AI optical growth

Mizuho bullish on Tower Semiconductor, points to AI optical growth

STREETINSIDER.COMSep 25, 3:27 PM UTC
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