Avis Budget Group Settles $650 Million Lawsuit with Pentwater
Avis Budget Group has reached a $650 million settlement with Pentwater Capital to resolve its short-swing profits lawsuit. The agreement is subject to court approval.
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Lucid Cuts 18% of U.S. Workforce and Eliminates COO Role to Cut Costs
The restructuring is expected to deliver $158 million in annual cost savings.
AeroVironment Shares Plunge After Goodwill Impairment Restatement Error
AeroVironment stock fell after it found an accounting error, overstating assets and losses, requiring a report restatement.
Netflix Stock Slips as Subscriber Slowdown and Rising Churn Spark Investor Concerns
Netflix stock falls as subscriber growth slows and cancellations rise. Ads help, but outlook weak and analysts stay cautious.
Profit-Taking Hits Moderna Stock After mRNA-1010 Wins Unanimous FDA Panel Backing
Decision due Aug 5, 2026. Potential 2026–27 launch.
Praxis Precision Medicines Wins FDA Breakthrough Status for Elsunersen in Rare Epilepsy
Phase 2 data showed 77% seizure reduction and sustained benefits up to 1 year.