Alibaba Prepares to Spin Off Chipmaking Unit T-Head for IPO
Alibaba plans to restructure and list its chip unit T-Head as competition heats up in China's AI accelerator market against rivals like Nvidia.
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TD Cowen Downgrades Legend Biotech After Carvykti Sales Miss
TD Cowen cut Legend Biotech to Hold from Buy after weaker Carvykti sales, citing slower demand, safety concerns, and rising competition.
Stifel Upgrades Datadog to Buy on Strong Growth Outlook
Stifel upgrades Datadog to Buy, citing strong growth, a likely Q4 earnings beat, and attractive valuation despite a lower price target.
Karman Space & Defense Stock Surges on Strong 2026 Outlook
Karman Space & Defense (KRMN) shares jump in premarket trading after announcing 2026 revenue guidance of $700-$715M, significantly beating Wall Street expectations of $578M.
Venture Global Wins Major Arbitration Against Repsol
Venture Global secures complete victory in ICC arbitration with Repsol over LNG contract dispute, with tribunal ruling company acted properly in all aspects.
Moderna Surges 69% in 2026 as Cancer Vaccine Shows Five-Year Melanoma Survival Benefits
Moderna stock jumped as five-year data from its personalized cancer vaccine trial with Merck showed a 49% reduction in melanoma recurrence risk, boosting hopes for mRNA's future in oncology.