Astera Labs announced record Q1 2026 revenue of $308.4 million, a 93% increase year-over-year and 14% sequential growth, fueled by strong sales of its PCIe 6 AI fabric and signal conditioning products. The company is shipping its new Scorpio X-Series 320-lane AI fabric switch and expanding its Scorpio P-Series PCIe 6 switch family, targeting the growing AI infrastructure market. Astera Labs expects continued growth with a Q2 revenue forecast of $355-$365 million and is investing in advanced AI connectivity solutions to maintain its leadership in rack-scale AI technology.
Confo Therapeutics announced encouraging preclinical data for CFTX-2034, a novel antibody targeting post-bariatric hypoglycemia (PBH), a condition with no approved treatments. The data showed CFTX-2034 effectively controls insulin and GLP-1 secretion...
Pardee Resources Company announced an agreement to sell about 2,465 acres of surface and mineral property in West Virginia for approximately $57 million, priced at $23,000 per acre. The sale depends on certain contingencies and normal closing conditi...
Western Digital's stock surged to a new 52-week high following a bullish upgrade by Morgan Stanley analyst Erik Woodring, who raised his price target from $488 to $650. The optimism is driven by expected 30%+ year-over-year growth in nearline enterpr...
Nuvei announced it will acquire Payoneer in an all-cash deal valued at $2.75 billion, offering Payoneer shareholders $7.40 per share. The merger aims to create a global commerce platform supporting businesses in over 190 countries, enhancing payment ...
Eli Lilly announced that its Phase 3 BRUIN CLL-322 trial showed adding Jaypirca (pirtobrutinib) to venetoclax and rituximab significantly improved progression-free survival in patients with relapsed or refractory chronic lymphocytic leukemia (CLL) or...
