Ford Motor Company (NYSE:F) shares pulled back almost 3% after the automaker announced it is recalling approximately 694,000 vehicles in the United States due to fuel injector issues that may cause fuel leaks and increase the risk of engine fires.
This recall primarily affects certain 2021 to 2024 Bronco Sport and 2020 to 2022 Escape models equipped with 1.5-liter engines.
Morgan Stanley (NYSE:MS) reported second quarter results that topped analyst estimates, driven by growth in trading revenue.
However, rising provisions for credit losses, which jumped to $196 million from $76 million in the year-ago quarter, saw Morgan Stanley’s shares move lower following the report.
NanoViricides (NYSE-A:NNVC) is preparing for Phase II clinical testing in Africa, following the World Health Organization’s recent extension of the Public Health Emergency of International Concern (PHEIC) for the Mpox virus outbreak.
The extension, announced on July 10, comes amid rising cases of the Clade I strain of the Mpox virus (MPXV) in Africa, and sporadic travel-related cases outside the region, including the US, that pose a risk of sustained transmission.
Bit Digital Inc (NASDAQ:BTBT) said on Wednesday that its high-performance computing subsidiary WhiteFiber Inc has filed for an initial public offering in the US.
WhiteFiber plans to list its ordinary shares on the Nasdaq Capital Market under the ticker symbol "WYFI".
Johnson & Johnson (NYSE:JNJ) shares edged higher premarket as the healthcare firm reported an earnings beat for the second quarter and raised its full-year guidance.
For Q2, revenue of $23.74 billion was up 5.8% year-over-year and ahead of estimates of $22.83 billion, driven by strong sales of cancer treatments, notably Darzalex, and medical devices.
Shares in Corero Network Security PLC (AIM:CNS, OTCQB:DDoSF) dropped 33% on Wednesday morning after the cyber-defence firm warned that full-year revenue and earnings would fall short of market expectations.
The AIM-listed company, which specialises in protecting against distributed denial of service (DDoS) attacks, said it was seeing strong momentum in its subscription-based model, with annualised recurring revenue rising 25% to $21.6 million.
Shares in Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Antofagasta PLC (LSE:ANTO) both rose 2% after the giant miners posted operational updates for the second quarter.
A day after announcing that iron ore chief Simon Trott will take over as CEO next month, Rio's current boss hailed "excellent" performance from the group's mines.