A securities class action has been filed against iTonic Holdings Ltd, accusing the company of not disclosing documented risks of microcap stock manipulation linked to the gatekeepers who took it public. The lawsuit claims iTonic's SEC filings only vaguely warned of market volatility without revealing specific manipulation risks tied to its small float and voting structure. Investors saw the stock price spike to $32 before crashing to $1.65, raising concerns about undisclosed promotional activities and repeated trading halts. The lead plaintiff deadline is September 29, 2026, and affected investors may be eligible for compensation.
D-Wave Quantum reported Q2 revenue of $3.08 million, missing estimates of $4.08 million, and posted a wider adjusted loss per share of $0.13. The company's operating loss increased to $53.30 million due to investments in product development and comme...
Morgan Stanley maintained an Overweight rating on Warner Music Group (WMG) with a revised price target of $36, down from $39, reflecting confidence in the stock's growth potential. WMG reported a 9% increase in total revenue and a 15% rise in Adjuste...
Zai Lab Limited reported a second-quarter earnings per share (EPS) of -$0.46, beating analyst expectations of -$0.57 by 19.3%. However, its quarterly revenue fell 3.3% year-over-year to $106.31 million, slightly missing estimates. The company remains...
Ellington Financial Inc. is set to report its Q2 2026 earnings with analysts forecasting an EPS of $0.46 and revenue of $114.59 million. Revenue is expected to rise year-over-year, driven by its investment portfolio and Longbridge unit focused on rev...
AZIO AI Holdings has entered an agreement to purchase up to 128 NVIDIA HGX B300 GPU systems, valued at approximately $77 million, to address the growing shortage of AI compute infrastructure. This deal follows an earlier hosting agreement with Power ...
