Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Merck's (MRK) hypertension drug sotatarcept was approved by the FDA [read more]
- Carnival (CCL) reported mixed Q1 results and provided FY24 adjusted EBITDA guidance [read more]
- Cintas (CTAS) provided a "beat and raise" report for Q3 [read more]
- Amazon (AMZN) is investing an additional $2.75B in generative AI partner Anthropic [read more]
- Disney (DIS) reached a settlement pact with the Central Florida Tourism Oversight District [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- First Quantum (FQVLF) executives have met with Chinese government officials to discuss funding and business options involving top investor Jiangxi Copper, Reuters says [read more]
- A judge has ruled that Coinbase (COIN) engages in the "unregistered sale and offer of securities" under U.S. law, Bloomberg says [read more]
- Amazon (AMZN) has been fined by Poland's consumer watchdog for close to $8M, TechCrunch reports [read more]
- Tencent (TCEHY) plans to release some apps on Apple (AAPL) Vision Pro, Information says [read more]
- Coupang (CPNG) is planning a KRW 3T expansion of its Rocket Delivery service, Nikkei reports [read more]
4. MOVERS:
- Novocure (NVCR) gains in New York after announcing its METIS Phase 3 trial met its primary endpoint [read more]
- Annexon (ANNX) increases after reporting quarterly results [read more]
- DraftKings (DKNG) lower after WSJ reported online gambling companies' VIP programs are under federal scrutiny [read more]
- Forge Global (FRGE) falls after reporting quarterly results [read more]
- Celsius Holdings (CELH) declines after announcing it entered into an amendment to its distribution agreement with PepsiCo (PEP) [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
The Dow rose 477.75, or 1.22%, to 39,760.08, the Nasdaq gained 83.82, or 0.51%, to 16,399.52, and the S&P 500 advanced 44.91, or 0.86%, to 5,248.49.