Amazon's Grocery Push Sends Kroger, Instacart, and Delivery Stocks Tumbling
Amazon's expanded grocery delivery plans and 100+ new Whole Foods stores trigger stock drops for Kroger, Instacart, Uber, DoorDash, and Walmart as competition intensifies.
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Cardiff Oncology Drops 34% After CEO and CFO Resign
Cardiff Oncology shares fall sharply as CEO and CFO step down amid leadership transition; interim CEO appointed to guide next phase of drug development.
Hedge Fund Third Point Targets CoStar Board and Operations
Billionaire Daniel Loeb’s Third Point hedge fund plans to shake up CoStar Group by replacing board members and refocusing the company on its core business.
Pinterest Cuts Jobs to Focus on AI Growth
Pinterest plans to cut up to 15% of its workforce, shifting focus to AI products to boost revenue amid declining ad spending.
Intellia Shares Jump After FDA Lifts Clinical Hold on Gene Therapy Trial
Intellia Therapeutics’ stock rises as the FDA clears a Phase 3 trial for its gene therapy, nexiguran ziclumeran, for a rare genetic disease.
Meta Teams Up with Corning for $6B Fiber-Optic Deal to Boost AI Data Centers
Meta signs a multiyear $6 billion agreement with Corning to supply fiber-optic cables, expand U.S. AI data centers, and create skilled jobs in North Carolina.