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Cogent Biosciences plans multiple 2026 drug launches, reports $866M cash and Q1 net loss of $97M

Company Fundamentals
05 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Cogent Biosciences announced plans to launch bezuclastinib for Systemic Mastocytosis and Gastrointestinal Stromal Tumors (GIST) in the second half of 2026, supported by positive Phase 3 trial data. The company ended Q1 2026 with $866.4 million in cash, enough to fund operations through 2028. Research and development expenses rose due to pipeline advancements, while net loss increased to $97.4 million. Upcoming milestones include NDA submissions, clinical trial presentations, and new drug development programs.

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Warner Bros. Discovery shares drop 4% after judge halts $110B Paramount-Skydance merger.

Warner Bros. Discovery shares drop 4% after judge halts $110B Paramount-Skydance merger.

Warner Bros. Discovery's stock fell 4% following a court decision to pause the $110 billion merger deal between Paramount and Skydance. The judge's intervention raises uncertainty about the future of this major entertainment industry consolidation. I...

Market News
Bearish
2 hours ago
AT&T baby bonds yield 6.7%, trading 20% below par amid high rates, backed by strong Q2 earnings and cash flow.

AT&T baby bonds yield 6.7%, trading 20% below par amid high rates, backed by strong Q2 earnings and cash flow.

AT&T's baby bonds currently offer a 6.7% yield and trade at a 20% discount to par value due to elevated interest rates. The company reported solid Q2 results with $31.6 billion in revenue and $5.04 billion in net profit, ensuring strong coverage for ...

Market News
Bullish
4 hours ago
Michael Saylor hints at more Bitcoin buys as Strategy holds 843,775 BTC and $3.2B cash reserve.

Michael Saylor hints at more Bitcoin buys as Strategy holds 843,775 BTC and $3.2B cash reserve.

Michael Saylor shared a bitcoin acquisition chart for Strategy Inc., which holds 843,775 BTC worth about $54.36 billion and maintains a $3.225 billion cash reserve. The company recently raised $263.5 million by selling stock but did not buy more bitc...

Market News
Neutral
4 hours ago
Ethereum nears $1,900 resistance as Arthur Hayes buys $2.5M ETH, signaling potential breakout to $2,000.

Ethereum nears $1,900 resistance as Arthur Hayes buys $2.5M ETH, signaling potential breakout to $2,000.

Arthur Hayes, co-founder of BitMEX, purchased 1,290 ETH worth about $2.5 million, adding to growing interest in Ethereum as it consolidates below the critical $1,900 resistance level. Analysts are watching closely to see if ETH can break above $1,900...

Technical Signals
Bullish
4 hours ago
Betterware rated 'Buy' with 48% upside and 7% dividend yield after Tupperware integration boosts earnings.

Betterware rated 'Buy' with 48% upside and 7% dividend yield after Tupperware integration boosts earnings.

Betterware received a reiterated 'Buy' rating with a two-year price target of $24.70–$25.60, implying about 48% upside plus a 7% dividend yield. The integration of Tupperware has significantly improved the company's earnings, increasing pro forma EPS...

Analyst Insights
Bullish
4 hours ago
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