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MapLight, supported by Novo, reaches a valuation of $787 million following a rise in shares during its Nasdaq debut.

MapLight, supported by Novo, reaches a valuation of $787 million following a rise in shares during its Nasdaq debut.

(Reuters) – Maplight Therapeutics went public on the Nasdaq on Monday, achieving a valuation of $787 million. This marked the first IPO under a seldom-used regulatory guideline following the U.S. government shutdown. The Redwood City, California-based company, which focuses on treatments for central nervous system disorders, saw its shares open at $19 each—almost 12% higher […]

Stock market update: Dow, S&P 500, and Nasdaq futures climb as TSMC’s strong earnings overshadow trade concerns

Stock market update: Dow, S&P 500, and Nasdaq futures climb as TSMC's strong earnings overshadow trade concerns

U.S. stock markets experienced gains on Thursday, primarily driven by encouraging earnings reports from TSMC, a major player in semiconductor manufacturing. This uplift has sparked optimism around artificial intelligence (AI) demand while alleviating worries about the ongoing trade tensions between the U.S. and China that have been exacerbated by former President Trump. The Nasdaq Composite […]

Stock Futures Remain Mostly Steady After Record Highs for S&P 500 and Nasdaq; Gold Takes a Break; Delta Soars on Strong Performance and Positive Forecast

Stock Futures Remain Mostly Steady After Record Highs for S&P 500 and Nasdaq; Gold Takes a Break; Delta Soars on Strong Performance and Positive Forecast

Wall Street Analysts Claim We’re Not in an AI Bubble… Yet 20 minutes ago Recent unusual trading patterns in the AI sector have sparked debates about a potential bubble, but several market experts insist this isn’t 1999—not just yet. OpenAI plans to invest heavily in chips from Nvidia (NVDA) and Advanced Micro Devices (AMD). Interestingly, […]

Market update: Dow, S&P 500, Nasdaq futures rise as government shutdown looms

Market update: Dow, S&P 500, Nasdaq futures rise as government shutdown looms

U.S. stock futures are facing the possibility of delaying the release of crucial monthly employment reports this week, as investors are concerned about a potential government shutdown. Futures for the Dow Jones Industrial Average rose by about 0.4%, while the S&P 500 saw an increase of 0.5%. Similarly, the Nasdaq 100 contract noted a rise […]