Sony Boosts Profit Outlook on Entertainment Strength and Sensor Demand
Sony raises annual profit forecast to $9.3B, beating estimates with strong entertainment content, smartphone sensors, and PS5 sales. Shares jump 6% on positive outlook.
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AnaptysBio ends UC trial, advances RA program, plans 2026 split
Rosnilimab UC trial discontinued after failing efficacy endpoint. AnaptysBio advances RA program & ANB033 (CeD). Plans firm for 2026 corporate split.
JPMorgan Downgrades CoreWeave to Neutral Amid Supply Chain Delays
JPMorgan cuts CoreWeave rating to Neutral and lowers price target to $110, citing supply chain issues that delay revenue despite strong bookings.
Xpeng Stock Soars on Iron Robot & 2026 Robotaxi Plans
Xpeng shares surged after unveiling its next-gen 'Iron' humanoid robot and plans for three AI robotaxi models in 2026.
Beyond Meat Reports Deepening Losses Amid Declining Plant-Based Demand
Beyond Meat reports $110.7M Q3 loss as sales drop 13% to $70.2M. Asset impairment charges, weak U.S. demand, and category headwinds weigh heavily on plant-based meat company.
Massive Divestment: SoftBank Raises $15 Billion Through Nvidia and T-Mobile Stake Sales
Japanese conglomerate SoftBank sold its entire stake in Nvidia for $5.83 billion. The company reported a $19 billion gain on its Vision Fund and continues its aggressive push into AI ventures.