Nike Inc (NYSE:NKE, ETR:NKE) reported a year-over-year decline in revenue and profits for fiscal Q4 as the athletic apparel brand continues to struggle with sluggish demand, inventory and product mix issues, and tariff and cost pressures.
For the quarter, revenue was down 12% at $11.1 billion, including a 14% decrease in Nike Direct revenue to $4.4 billion and 9% drop in Wholesale revenue to $6.4 billion.
Shares of Aurinia Pharmaceuticals (TSX:AUP)(NASDAQ:AUPH) jumped 6.8% to $8.57 on Thursday afternoon as investors looked ahead to the company’s first clinical data update for its experimental autoimmune drug AUR200, which Jefferies said could carry significant strategic value.
Jefferies upgraded its outlook on the BAFF/APRIL dual inhibitor, noting the upcoming results from a single ascending dose (SAD) study in healthy volunteers could provide important insight into safety, pharmacokinetics and the company’s development roadmap.
Jefferies upgraded Kinross Gold Corporation (TSX:K) (NYSE:KGC) to “Buy” from “Hold” and raised its price target on the Canadian miner to $18 from $14, citing the company’s strong free cash flow (FCF) profile and potential for sizable share buybacks over the next two years.
“We think Kinross can repurchase (around) 11% of its market cap in 2025/26,” Jefferies analysts wrote in a note to clients, pointing to forecasted FCF yields of 9% in both 2025 and 2026 — well above the 5%-6% range for senior gold peers like Agnico Eagle, Barrick, and Newmont.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) were trading at a record high on Thursday, cementing its position as the world's most valuable company and putting clear blue water between it, Microsoft and Apple.
Its share price climbed over 4% on Wednesday to close at a record $154.31, giving Nvidia a $3.77 trillion valuation and reflecting growing investor confidence in its dominance in artificial intelligence, despite ongoing export restrictions to China.
Ideal Power Inc (NASDAQ:IPWR) said on Thursday it received an order from a global Tier 1 automotive supplier for its B-TRAN semiconductor devices, marking a step forward in the company's push into the electric vehicle market.
The order includes B-TRAN devices, SymCool power modules, solid-state circuit breaker reference boards, and drivers.
Cyngn (NASDAQ:CYN) shares popped more than 480% on Thursday after it announced a collaboration with Nvidia Corp (NASDAQ:NVDA, ETR:NVD) as part of the Automatica 2025 robotics and automation showcase.
The robotics technology firm was selected to integrate Nvidia's Isaac robotics platform to power its next-generation autonomous vehicle solutions for industrial applications such as manufacturing, logistics, and defense.
Shares of Altimmune Inc (NASDAQ:ALT) tumbled 55% on Thursday after the company reported mixed results from a mid-stage trial of its experimental drug pemvidutide for metabolic dysfunction-associated steatohepatitis (MASH).
The Phase 2b study met one of its primary endpoints, with pemvidutide achieving statistically significant resolution of MASH without worsening of fibrosis at 24 weeks. However, the drug failed to show statistically significant improvement in liver fibrosis, the more challenging endpoint, compared to placebo.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) stock surged after it was revealed that the company has entered into a 12-month collaboration with NASA.
The company will be working with the space agency’s Marshall Space Flight Center and Glenn Research Center to develop and mature commercial copper-indium-gallium-selenide (CIGS) thin-film photovoltaic (PV) modules for space power applications involving beamed power technology.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that the United States Patent and Trademark Office has issued a Notice of Allowance for the company’s US patent application covering a system designed for autonomous, floating marine vehicle charging, titled “System and Method for Vehicle Charging.”
The technology enables electric vessels, including uncrewed surface vehicles, to locate, dock with, and recharge from a floating platform while at sea.
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) announced that it has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market.
Effective Thursday, the company’s shares will trade on the OTCQX under the ticker symbol “SCZMF.”
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has intersected over 100 metres of potash mineralization in its latest drillhole at the Banio potash project in Gabon, a result the company says could significantly enhance the project’s resource base.
The drillhole, BA-004, was completed to a depth of 667 metres and encountered the evaporite-bearing salt sequence from about 260 metres to the bottom of the hole, Millennial said in a statement.