SpaceX's promised government support for the Starlink satellite network could have a significant effect on the telecom sector. As a consequence, certain firms may have access to new opportunities and, so far, the stocks do not take this future development into account. SpaceX has successfully entered a market for...
The Nasdaq-listed company GBS Inc. announced that it has closed its previously announced initial public offering of 1,270,589 shares. The offering reflected a 20% upsizing at the time the offering was priced. For each unit sold, the Company issued one share of its common stock at a price of $17.00 per...
Amryt (Nasdaq: AMYT) announces the US Food and Drug Administration (FDA) has authorized AP103 as an orphan drug to treat Dystrophic EpidermolysisBullosa (DEB).  The AP103 drug was developed by Amryt, a gene-therapy company, to treat patients with DEB, a subset of EB.  The FDA's Office of Orphan...
The security equipment manufacturer Arlo Technologies Inc (ARLO) recently entered into a collaboration agreement with Calix Inc (CALX). The strategic partnership news drove the stock price of Arlo to surge nearly 15% on December 8. Calix is a provider of enterprise applications which will also partner with...
NVIDIA Corporation (NASDAQ: NVDA) operates as a visual computing company in the steadily expanding global gaming industry. It is primarily involved in four markets – Gaming, Enterprise, High-Performance Computing & Cloud, and Automotive – and deals with graphics processing units (GPU), PC gaming, Tegra processors, and artificial intelligence (AI).
On Tuesday, Apple Inc (AAPL) rose by 5.01 percent to $127.88. The stock surged as the Cupertino, California-based technology giant, which capitalizes on Wall Street for more than $2,100 billion, expects to manufacture up to 96 million iPhones in the first half of 2021, a rise of almost 30 percent year-on-year. Consequently,...
Thanks to the news of collaboration with Amazon.com Inc. (AMZN) in automotive technology, BlackBerry Ltd. (BB) got a strong increase past week. The 19% rise in stock price on December 1 was attributed to the fact that BlackBerry will establish a platform for collecting and analyzing data generated...
In the trading session on Monday, Palantir Technologies Inc. (PLTR) jumped 21.34 percent to $28.94. The big data analytics expert, according to Bloomberg, has secured a three-year deal with the FDA, the U.S. Administration of Food and Medications. The $44.4 million contract will strengthen drug record review and control.
In the third quarter, furniture retailer Lowe's Companies Inc. (LOW) showed double-digit growth in comparable sales. During COVID-19, the company effectively exploited the momentum in the home improvement industry. Lowe's comparable sales in the third quarter rose 30 percent year-on-year. That's a modest slowdown from last quarter's 35 percent,...
Alphabet Inc (GOOGL) and Facebook Inc (FB) were up 1.30% and 0.81% in Friday. In order to limit the misuse by Google and Facebook of their positions considered dominant in the online advertisement industry, the UK competition authority has unveiled new regulations that will take effect next year.