Feb 11 (Reuters) - GlobalFoundries ( GFS ) on Tuesday forecast first-quarter revenue and profit below Wall Street estimates as the contract chipmaker braces for the potential impact of President Donald Trump's tariffs on automaker clients and a challenging smartphone market in 2025. Shares of the Malta, New York State-based company were down 5.1% before the bell. GlobalFoundries ( GFS...

Feb 11 (Reuters) - Air-taxi maker Archer Aviation ( ACHR ) said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock ( BLK ). Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet. We are...

08:28 AM EST, 02/11/2025 (MT Newswires) -- Travere Therapeutics ( TVTX ) said Tuesday that it has completed a meeting with the US Food and Drug Administration and plans to submit a supplemental New Drug Application for approval of Filspari as a potential treatment for focal segmental glomerulosclerosis, a rare kidney disorder. The application is based on the drug's mid-stage...

DuPont De Nemours, Inc ( DD ). shares are trading higher after the company's fourth-quarter results exceeded street estimates. The company reported sales growth of 7% year over year to $3.092 billion, beating the consensus of $3.068 billion. Organic sales increased +7% YoY, with an 8% increase in volume offset by a 1% decrease in price. Organic sales by region...