Stellantis Takes $26 Billion Hit After Pulling Back on Electric Vehicles
Stellantis announces massive $26 billion charge as it reverses its aggressive EV strategy, citing overestimation of electric vehicle demand and market shifts.
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Cantor Fitzgerald Gives Jumia an “Overweight” Rating with $18 Price Target
Cantor Fitzgerald starts coverage of Jumia with optimism, calling Africa the “final frontier” for e-commerce and seeing Jumia as the “Amazon of Africa.”
Hub Group Stock Drops on Accounting Error and Delayed Results
Hub Group delays earnings report after discovering $77M accounting error that understated transportation costs in 2025. Stock falls 18% premarket as company releases preliminary results.
FDA Commissioner Warns Against "Illegal Copycat" Weight-Loss Drugs
FDA takes aim at compounded weight-loss drugs like Hims' $49 Wegovy alternative, raising safety concerns over unapproved copycat medications flooding the market.
Doximity Stock Plunges 30% on Weak Guidance and CFO Medical Leave
Doximity (DOCS) shares tumbled in premarket trading after the healthcare platform cut its revenue forecast and announced its CFO's temporary medical leave.
Molina Healthcare Plunges on Weak 2026 Profit Outlook
Molina Healthcare shares drop 29% after forecasting 2026 earnings at $5/share vs. Wall Street's $13.71 estimate, while exiting Medicare Part D amid rising medical costs.