GM Raises 2025 Outlook as Truck Sales Surge and Tariff Relief Boosts Profits
General Motors increases full-year profit forecast to $12-13B as strong pickup truck sales and Trump administration tariff relief offset EV struggles and market challenges.
NOTRELOAD AI
Starboard Takes 5% Fluor Stake, Targets NuScale Value
Activist investor Starboard Value acquires 5% stake in Fluor Corp, pushing for strategic changes to unlock value from its NuScale Power holdings amid AI-driven energy demand surge.
Citi Downgrade: NuScale Power Faces Major Headwinds and Valuation Concerns
Citi downgrades NuScale Power to Sell with $37.50 target, citing Fluor sale risks, overvaluation, and significant ENTRA1 payment obligations that could reshape SMR's financial outlook.
Galapagos Shuts Down Cell Therapy Division After Failed Sale Attempts
Biotech firm Galapagos winds down cell therapy business affecting 365 jobs across 5 countries after unsuccessful sale attempts. Stock drops 15% on announcement.
Elevance Health Beats Q3 Profit Expectations Despite Rising Medical Costs
Elevance Health surpasses Wall Street Q3 profit estimates with $6.03 adjusted EPS, managing medical costs better than expected despite ongoing healthcare industry challenges.
DocGo Stock Jumps 40% on SteadyMD Acquisition to Expand Telehealth Services
DocGo acquires virtual care platform SteadyMD for $25M, sending shares up 40%. The deal expands DocGo's telehealth capabilities across all 50 states as revenue declines.