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Top Midday Stories: GameStop Submits $55.5 Billion Bid to Acquire eBay; Amazon Launches Supply Chain Services
Top Midday Stories: GameStop Submits $55.5 Billion Bid to Acquire eBay; Amazon Launches Supply Chain Services
May 4, 2026
11:49 AM EDT, 05/04/2026 (MT Newswires) -- All three major US stock indexes were lower in late-morning trading Monday, after President Donald Trump announced over the weekend a plan to have the US guide cargo ships belonging to other nations safely through the Strait of Hormuz. In company news, GameStop ( GME ) said Sunday it submitted a non-binding offer...
Sector Update: Financial
Sector Update: Financial
May 4, 2026
01:11 PM EDT, 05/04/2026 (MT Newswires) -- Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%. The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%. Bitcoin (BTC-USD) was increasing 1.9% to $80,023, and...
US Equity Indexes Fall, Crude Oil Jumps as Military Tensions Flare Up in Hormuz Chokepoint
US Equity Indexes Fall, Crude Oil Jumps as Military Tensions Flare Up in Hormuz Chokepoint
May 4, 2026
12:18 PM EDT, 05/04/2026 (MT Newswires) -- US equity indexes retreated in midday trading on Monday as investors weighed military action in the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows. The Nasdaq Composite fell 0.7% to 24,946.4, the S&P 500 slid 0.7% to 7,182.2, and the Dow Jones Industrial Average declined 1.1% to...
Penny Stock Oncolytics Biotech Says Colorecatal Cancer Drug's Durability Tops Historical Benchmarks
Penny Stock Oncolytics Biotech Says Colorecatal Cancer Drug's Durability Tops Historical Benchmarks
May 4, 2026
Oncolytics Biotech, Inc. ( ONCY ) shares are up on Monday as the company reported promising durability data for its investigational immunotherapy, pelareorep, in treating metastatic colorectal cancer. • Oncolytics Biotech ( ONCY ) shares are powering higher. What’s behind ONCY gains? Durability Metrics Outpace Historical Benchmarks Oncolytics Biotech ( ONCY ) announced that pelareorep demonstrated a 19.5-month median duration of...
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AbbVie Unit Allergan Says US FDA Accepts For Review Premarket Approval Application For Intradermal Injection
AbbVie Unit Allergan Says US FDA Accepts For Review Premarket Approval Application For Intradermal Injection
Jun 30, 2025
08:55 AM EDT, 06/30/2025 (MT Newswires) -- AbbVie's ( ABBV ) Allergan Aesthetics unit said Monday that the US Food and Drug Administration has accepted for review the supplemental premarket approval application for Skinvive, an intradermal injection that improves facial skin smoothness. The premarket approval application is supported by a clinical study that met all primary and secondary endpoints while...
Sector Update: Consumer
Sector Update: Consumer
Jun 30, 2025
08:54 AM EDT, 06/30/2025 (MT Newswires) -- Consumer stocks were leaning lower premarket Monday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and Consumer Discretionary Select Sector SPDR Fund (XLY) declining 0.02% recently. Carnival (CCL) shares were up more than 1% after the company said it launched a private offering of 1 billion euros ($1.17 billion) of...
Trump Media Starts Beta Testing Global Launch of Truth+
Trump Media Starts Beta Testing Global Launch of Truth+
Jun 30, 2025
08:53 AM EDT, 06/30/2025 (MT Newswires) -- Trump Media & Technology ( DJT ) said Monday it has started beta testing the global launch of Truth+, which will make most Truth+ TV streaming channels and video-on-demand content available on apps worldwide. The launch will also make the Newsmax channel available in international markets without the need for a virtual private...
Takeda Pharmaceutical Receives FDA Approval for Ready-to-Use Liquid Immunoglobulin Therapy
Takeda Pharmaceutical Receives FDA Approval for Ready-to-Use Liquid Immunoglobulin Therapy
Jun 30, 2025
08:55 AM EDT, 06/30/2025 (MT Newswires) -- Takeda Pharmaceutical ( TAK ) said Monday it received US Food and Drug Administration approval for Gammagard Liquid erc, a ready-to-use liquid immunoglobulin therapy for the treatment of primary immunodeficiency in patients aged two and older. Takeda said US commercialization is expected in 2026, followed by a European Union launch by 2027, where...
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Galaxy Research Warns of Sustainability Concerns for Bitcoin Layer
Galaxy Research Warns of Sustainability Concerns for Bitcoin Layer
Aug 5, 2024
A recent report by Galaxy Research has raised concerns about the long-term sustainability of Bitcoin Layer-2 (L2) scaling solutions, particularly rollups, which have gained popularity as a means to keep transactions cheap, fast, and decentralized. Despite the initial promise, the report suggests that these solutions may face economic challenges due to the inherent limitations and costs associated with Bitcoins blockspace....
Institutional Investors Buy The ETH Dip as Spot ETF Flows Turn Positive 
Institutional Investors Buy The ETH Dip as Spot ETF Flows Turn Positive 
Aug 5, 2024
U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours. On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading. Additionally, it is only the fourth day of...
Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise
Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise
Aug 5, 2024
Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says Bitwise As noted by Hougan,...
Crypto Investment Products Saw Outflows of $528M Weekly as US Recession Fears Grow: CoinShares
Crypto Investment Products Saw Outflows of $528M Weekly as US Recession Fears Grow: CoinShares
Aug 5, 2024
Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscales ETHE fund. Additionally, there were minor outflows observed in European ETPs, according to CoinShares report. Bitcoin...
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