02:24 PM EDT, 06/18/2025 (MT Newswires) -- Wolfspeed's ( WOLF ) creditors, including Apollo Global Management (APO), will take over the company as part of a deal that will speed up a Chapter 11 bankruptcy process, Bloomberg reported Tuesday.

Shares sank 30% following an increase in intraday trading volume to over 59.2 million from a daily average of about 33.5 million.

Biomea Fusion ( BMEA ) said late Tuesday it priced a public offering of about 19.5 million shares and accompanying warrants at a combined offering price of $2 each.

The company expects to raise about $40 million in gross proceeds.

Shares slumped 33% as intraday trading volume rose to over 7.7 million from a daily average of about 1.9 million.

Price: 0.89, Change: -0.36, Percent Change: -28.48