NIO Inc. ( NIO ) shares are trading higher Wednesday as shares of EV stocks climb after several companies reported electric vehicle delivery figures this week. The Details: Nio shares are moving higher Wednesday on heavy volume amid strength in Chinese markets and a rally in the broader EV market after several companies reported strong EV delivery figures. According to...

Avid Bioservices, Inc. ( CDMO ) shares are trading higher on Wednesday following the company reporting better-than-expected 2024 fiscal-year fourth quarter sales. The Details: Avid reported fourth quarter financial results on Tuesday after the market closed. The company reported a loss of $1.94 per share missing analyst estimates of a loss of 4 cents per share. In addition, the company...

NEW YORK (Reuters) - A U.S. appeals court on Wednesday set aside a judge's ruling that bondholders had valid claims against Venezuela's state-run oil company related to its U.S. refiner Citgo, and directed the judge to apply Venezuela law in assessing the claims. The decision by the 2nd U.S. Circuit Court of Appeals in Manhattan could provide a boost to...

12:57 PM EDT, 07/03/2024 (MT Newswires) -- DRI Healthcare Trust's US$46 million acquisition (US$13 million upfront + US$33 million in milestones) of royalty on Xenpozyme adds incremental 1% royalty on global sales to the trust's current 1% stream. Xenpozyme has a current run rate of ~US$150 million in sales with Truist Securities' peak estimate of +US$500 million. The expansion to...