Lululemon Athletica Inc (NASDAQ:LULU) shares rose more than 3% after shareholders approved three management-backed directors at the company’s June 25 annual general meeting, helping resolve a prolonged proxy dispute with founder Chip Wilson.
The elected directors include former Levi Strauss CEO Chip Bergh, Unilever executive Esi Eggleston Bracey and finance veteran Teri List. Their appointment strengthens the board as the company prepares for incoming CEO Heidi O’Neill, who is set to take over in September.
Triller Group (NASDAQ:ILLR) shares surged on Thursday after the company announced a deal that will give it significant exposure to SpaceX Corp (NASDAQ:SPCX) through a new treasury investment structure.
The company’s shares were up more than 42% on Friday, bringing its weekly gains to about 187%.
Eli Lilly and Co (NYSE:LLY) shares climbed nearly 6% on Friday after the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) recommended approval of Jaypirca (pirtobrutinib) for adults with chronic lymphocytic leukemia (CLL) across all lines of therapy.
The positive opinion covers patients regardless of prior treatment with Bruton tyrosine kinase (BTK) inhibitors and marks a step toward broader availability of the drug in the European Union. The recommendation will now be reviewed by the European Commission, which is expected to issue a final decision within one to two months.
Onsemi (NASDAQ:ON) shares fell about 19% on Thursday after the semiconductor company announced an agreement to acquire Synaptics (NASDAQ: SYNA) in an all-stock transaction valued at approximately $7 billion.
Shares of Synaptics added about 3% to about $130 on the news.
Wise Group PLC (LSE:WISE, NASDAQ:WSE) delivered stronger-than-expected annual profits, analysts said, although its growth guidance for the year ahead came in slightly below market expectations.
The shares were up 6.5% at 883p on Friday afternoon.
Shares in Distribution Finance Capital jumped 8% to 64.03p after the specialist bank said full-year profit would land materially ahead of market expectations.
The lender, which funds manufacturers, dealers and distributors across the UK, pointed to strong loan book growth and rising demand for newer products as it set out a confident update for the first half.