Investing.com -- Invesco Capital Management (NYSE: IVZ) stock soared 13% Friday, reaching its highest intraday level since February, after the company filed a proxy statement with the Securities and Exchange Commission seeking to convert the Invesco QQQ Trust Series 1 into an open-ended fund.
The asset manager is asking shareholders to approve changing QQQ from its current unit investment trust structure to an open-ended fund, a move that could significantly alter... (continue reading...)
Investing.com -- Humana Inc (NYSE: HUM) stock fell as much as 7.5% before trimming losses to 4% following a court ruling against the health insurer in its Medicare bonus payment lawsuit. The decision also impacted other health insurers, with CVS Health (NYSE: CVS) and UnitedHealth Group (NYSE: UNH) shares declining 2%.
According to Bloomberg, a Texas district court ruled in favor of the government’s motion to dismiss Humana’s case, which sought to reverse cuts to its... (continue reading...)
Investing.com -- Artificial intelligence is driving a massive transformation across the technology sector, and its momentum is only beginning, according to Wedbush analysts led by Dan Ives.
In a note Friday, Wedbush projected that tech stocks are set for a strong second half of 2025, buoyed by a “very strong 2Q tech earnings season” and accelerating AI tailwinds across semiconductors, software, and enterprise applications.
“We have barely scratched the surface of this... (continue reading...)
Investing.com -- Jefferies initiated coverage on Stoke Therapeutics (NASDAQ: STOK) with a Buy rating given a better risk-reward profile ahead of late-stage data for its lead drug candidate targeting Dravet syndrome, a severe and rare form of childhood epilepsy.
The firm sees potential for zorevunersen, an antisense oligonucleotide (ASO) therapy, to show disease-modifying effects, an outcome that could position it for peak sales of $1 billion to $1.5 billion, with upside... (continue reading...)
By Yamini Kalia and Raechel Thankam Job
(Reuters) -BP has agreed to sell its U.S. onshore wind business to U.S.-based power grid operator LS Power, as part of its ongoing divestment strategy, the energy major said on Friday, without disclosing a deal value.
BP has come under criticism from investors for its underperformance in recent months, leading to a strategy revamp with promises to cut debt, increase cash flow and a major pivot back to... (continue reading...)
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