Circle Stock Faces Nearly 40% Downside as Morgan Stanley Cuts Outlook on Shrinking USDC
Morgan Stanley cut Circle’s stock rating, citing falling USDC demand, weaker profits, and growing competition from other digital money options.
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Wells Fargo Initiates Coverage of Pyxis Oncology with $12 Target, Sees Shares Doubling on Fall Update
Dose cap de-risks MICVO as Wells Fargo starts Pyxis at Overweight with $12 target. Sees at least 2x upside on fall HNSCC update.
Wells Fargo Downgrades eBay to Underweight, Sees 19% Downside on Depop and Vinted Concerns
Wells Fargo downgraded eBay, citing higher Depop costs and Vinted competition, warning profits may face pressure.
Prysmian to Acquire Atkore for $95 a Share in $3.8 Billion Deal
Deal forms one-stop shop in North America for electrification and data centers, offering greater scale and complementary products.
Chinese EV Makers July 2026 Deliveries: Nio Surges 71%, Xpeng Steady, Li Auto Stabilizes
July 2026 Chinese EV roundup — Nio’s strong growth, Xpeng’s new SUV ramp, Li Auto’s improved numbers.
AstraZeneca and Bristol Myers Squibb Explore $400 Billion Pharma Merger
Cancer drugs drive sales for both, with direct overlaps like Imfinzi and Opdivo raising antitrust risks.