TransCode Therapeutics shares surged nearly 39% after reporting promising Phase 1a trial results for its metastatic cancer drug TTX-MC138, with strong retail interest and no major safety concerns.
Wall Street experienced a positive momentum as the S&P 500 marked its eighth consecutive day of gains on Thursday, climbing 0.6% to 5,604.14. This rally helped the index recover from losses incurred due to trade tariffs announced by President Donald Trump.
Adial Pharmaceuticals jumped to its highest level since February after receiving a U.S. patent for its precision medicine approach to treating addiction. The patent supports the use of AD04 in patients with specific genetic markers.
Apple CEO Tim Cook warned of a $900 million tariff impact in the June quarter as the company shifts production of iPhones, Macs, and iPads from China to India and Vietnam.
Trump ousts national security adviser Mike Waltz amid internal tensions and a messaging scandal, naming him UN ambassador and replacing him temporarily with Secretary of State Marco Rubio.
Analysts raise ratings for Robinhood (HOOD) after strong Q1 earnings report. Quarterly revenue and EPS beat estimates, but concerns about market changes remain.
Domain registrar and web services company GoDaddy (NYSE:GDDY) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 7.7% year on year to $1.19 billion. The company expects next quarter’s revenue to be around $1.21 billion, close to analysts’ estimates. Its GAAP profit of $1.51 per share was 9.9% above analysts’ consensus estimates.
Specialty flooring retailer Floor & Decor (NYSE:FND) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.8% year on year to $1.16 billion. On the other hand, the company’s full-year revenue guidance of $4.73 billion at the midpoint came in 1.8% below analysts’ estimates. Its GAAP profit of $0.45 per share was in line with analysts’ consensus estimates.
