American Resources Corp (NASDAQ:AREC) and its affiliate ReElement Technologies on Wednesday signaled strong support for the newly announced Quad Critical Minerals Initiative, which aims to strengthen rare earth and critical mineral supply chains through collaboration among Australia, India, Japan, and the US.
The company said the initiative aligns closely with ReElement’s strategy of deploying its modular and scalable refining technology directly at the source of critical mineral production.
Sarepta Therapeutics Inc (NASDAQ:SRPT) shares jumped on a sweeping restructuring plan that includes cutting about 500 jobs, or 36% of its workforce, in a move aimed at reducing annual operating expenses by $400 million by 2026.
The biotech company said it will sharpen its focus on high-impact drug development programs, particularly its small interfering RNA (siRNA) platform targeting neurodegenerative and pulmonary diseases such as facioscapulohumeral muscular dystrophy (FSHD), myotonic dystrophy type 1, and Huntington's disease.
Shares of Alimentation Couche-Tard Inc (TSX:ATD.A) jumped more than 10% on Wednesday in Toronto after the Canadian convenience store operator said it had withdrawn its proposal to acquire Japan’s Seven & i Holdings Co Ltd, citing a lack of constructive engagement.
Couche-Tard, which operates Circle K stores globally, said in a statement that it had spent nearly a year in discussions with Seven & i, but ultimately decided to walk away from the talks.
Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) has signed a definitive purchase order with Super Micro Computer Inc (NASDAQ:SMCI) to supply NVIDIA B200-powered systems for the launch of NeoCloud, the company’s modular Tier 3 artificial intelligence (AI) infrastructure platform.
The systems will be installed inside Digi Power X’s proprietary ARMS 200, or AI-Ready Modular Solution, pods, with the first deployment scheduled to go live in Alabama in the fourth quarter of 2025.
Abbott Laboratories (NYSE:ABT) shares moved lower as disappointing guidance overshadowed solid second quarter results.
The company now expects full-year earnings per share (EPS) in the range of $5.10 to $5.20, which reflects double-digit growth at the midpoint, tightening from earlier guidance of $5.05 to $5.25.
PepsiCo Inc (NASDAQ:PEP, ETR:PEP) reported second-quarter revenue and earnings that beat Wall Street estimates on Thursday, as international markets helped offset weaker performance in its North American food business.
The company posted revenue of $22.73 billion, topping analysts’ average estimate of $22.29 billion, a 1% increase from a year earlier.
Lucid Group Inc (NASDAQ:LCID) shares leapt 44% in premarket trading on Thursday after a $300 million investment from Uber was announced, with the aim of deploying "20,000 or more" electric robotaxis.
Electric vehicles made by the Californian luxury auto challenger will be equipped with Level 4 self-driving software from Nuro and deployed over six years around the world.
Shares in Orosur Mining Inc (AIM:OMI, TSX-V:OMI) rose 17% on Thursday after the company reported some of its best gold drill results to date from the Pepas prospect at its fully owned Anzá Project in Colombia.
The standout result came from hole PEP045, which intersected 62.3 metres at 12.76 grams per tonne gold, including 10.1 metres at 33.39 grams per tonne.
Shares in IXICO PLC (LSE:IXI, OTC:PHYOF) rose as much as 15% on Thursday after the neuroscience analytics group said it expects full-year revenues to exceed expectations, supported by strong sales momentum and a clearer path to profitability.
The London-listed company, which provides artificial intelligence-based imaging and biomarker analysis for neurological drug development, said revenue for the year to 30 September will be at least £6.3 million, a 9% rise on the prior year and the highest since it adopted its current commercial strategy.