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enGene Therapeutics Changes Board Chairman
enGene Therapeutics announced changes to its Board of Directors as it plans for potential regulatory milestones and to support commercial readiness for detalimogene voraplasmid if approved. Detalimogene is being evaluated in the ongoing, open-label, multi-cohort, Phase 2 LEGEND trial to establish its safety and efficacy in high-risk non-muscle invasive bladder cancer. LEGEND's cohort consists of 125 patients with high-risk, Bacillus Calmette-Guerin-unresponsive NMIBC with carcinoma in situ. Richard Glickman has served as enGene's Chairman for over 14 years and will be stepping down. Michael Heffernan assumes the role of Chairman of the Board.
Major Averages Rebound, Nasdaq Gains 1.91%
The major averages closed broadly higher in a rebound from the prior session's selloff after the Federal Reserve held rates steady but signaled that a rate hike later this year remains possible. Meanwhile, oil prices declined after President Donald Trump signed a memorandum of understanding with Iran's President Masoud Pezeshkian to end the war and open the Straight of Hormuz.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:President Trump said Applehaswith Intelto design chipsApple CEO Tim Cookthe company will raise prices on its products to offset increasing memory and storage costsAccenturereportedand narrowed its FY26 earnings guidanceKrogerreportedand reaffirmed its FY26 outlookRumbleannounced a2. WALL STREET CALLS:Aretecoverage of SpaceXwith a Buy rating and Street-high $401 price targetSalesforceto Buy at Monness CrespiIntuitto Hold at StifelenGeneto Underweight at Morgan StanleyBarclaysEnphaseto Equal Weight on data center opportunity3. AROUND THE WEB:SpaceXbankers are preparing a $20B bond offering, Bloomberg reportsVail Resortsis working with takeover-defense bankers, Semafor saysSamsungis seeing a rise in advanced chip production requests from BYD, Google, AMD, Tesla, and other companies as AI demand strains TSMC'scapacity, Nikkei Asia reportsThe U.S. Federal Trade Commission, FTC, has drafted a potential complaint against Amazonover claims the company misled advertisers, Bloomberg reportsCME Groupsued the Commodity Futures Trading Commission over the regulator allowing perpetual futures tied to the price of cryptocurrencies, Bloomberg says4. MOVERS:Butterfly Networkgained after commenting on Midjourney'sSmith & Wesson Brandswas higher afterMarvellwas up after announcing it has shipped overwith Tower SemiconductorNovocurewas lower in New York after announcing its Phase 3 TRIDENT trialLegend Biotechfell after announcing a5. EARNINGS/GUIDANCE:Deluxereaffirmed itsGrace TherapeuticsreportedSagtecprovidedSteel DynamicsprovidedNucorprovided itsINDEXES:The Dow rose 72.15, or 0.14%, to 51,564.70, the Nasdaq gained 496.28, or 1.91%, to 26,517.93, and the S&P 500 advanced 80.48, or 1.08%, to 7,500.58.
Major Averages Rebound, Nasdaq Up 1.28%
The major averages were broadly higher near noon in a rebound from the prior session's selloff after the Federal Reserve held rates steady but signaled that a rate hike later this year remains possible, prompting renewed concern about inflation and the outlook for monetary policy. Meanwhile, oil prices have declined after President Donald Trump signed a memorandum of understanding with Iran's President Masoud Pezeshkian to end the war. Since the signing of the MOU, three supertankers from Saudi Arabia carrying 6M oil barrels have crossed the Strait of Hormuz.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:President Trump said Applewith Intelto design chipsApple CEO Tim Cookthe company will raise prices on its products to offset increasing memory and storage costsAccenturereportedand narrowed its FY26 earnings guidanceKrogerreportedand reaffirmed its FY26 outlookRumbleannounced a2. WALL STREET CALLS:Areteof SpaceXwith a Buy rating and Street-high $401 price targetSalesforceto Buy at Monness CrespiIntuitto Hold at StifelenGeneto Underweight at Morgan StanleyBarclaysEnphaseto Equal Weight on data center opportunity3. AROUND THE WEB:Metahas shifted from opposing to supporting the Kids Online Safety Act after the bill was paired with provisions that would preempt state AI regulations and require app stores operated by Googleand Appleto verify users' ages, Politico saysSamsungis seeing a rise in advanced chip production requests from BYD, Google, AMD, Tesla, and other companies as AI demand strains TSMC'scapacity, Nikkei Asia reportsJPMorganChase has cut off its Hong Kong staff from accessing Anthropic's AI models, FT saysThe U.S. Federal Trade Commission, FTC, has drafted a potential complaint against Amazonover claims the company misled advertisers, Bloomberg reportsCME Groupsued the Commodity Futures Trading Commission and its Chairman Michael Selig over the regulator allowing perpetual futures tied to the price of cryptocurrencies, Bloomberg says4. MOVERS:Butterfly Networkgains after commenting onSmith & Wesson Brandshigher afterMarvellup after announcing it hascoherent photonic integrated circuits with Tower SemiconductorNovocurelower in New York after announcing itsdid not meet its primary endpointLegend Biotechfalls after announcing a5. EARNINGS/GUIDANCE:Deluxefor FY26Grace TherapeuticsSagtecSteel DynamicsNucorfor Q2INDEXES:Near midday, the Dow was up 0.30%, or 154.10, to 51,646.65, the Nasdaq was up 1.28%, or 333.38, to 26,355.03, and the S&P 500 was up 0.96%, or 71.37, to 7,491.47.
Major U.S. Indices Surge on U.S.-Iran Peace Agreement
The major averages finished sharply higher following a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:Centeneis offering voluntary buyouts to most employees, Bloomberg reportsTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergained afterwith Benchmark ElectronicsIntellia Therapeuticsincreased after presenting resultsStriveclosed higher afterand reporting holdings of 19,105 as of June 12Pattern Groupfinished lower afterAlcoafell after announcing the ratification of a5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservbacked itsenGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:The Dow rose 468.77, or 0.92%, to 51,671.03, the Nasdaq gained 795.10, or 3.07%, to 26,683.94, and the S&P 500 advanced 122.83, or 1.65%, to 7,554.29.
Major Averages Surge on U.S.-Iran Peace Agreement
The major averages were sharply higher near noon as investors return from the weekend focused on a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorwillto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:CommerzbankCEO Bettina Orlopp said the bank was surprised by allegations from UniCreditthat it had misled the public, highlighting rising tensions between the two banks, Reuters saysTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergains afterwith Benchmark ElectronicsIntellia Therapeuticsincreases afterfrom its Phase 3 HAELO trialStrivehigher afterand reporting holdings of 19,105 as of June 12Pattern Grouplower after filing toAlcoafalls after announcing the ratification of awith USW5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservfor FY26enGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:Near midday, the Dow was up 1.37%, or 703.88, to 51,906.14, the Nasdaq was up 2.99%, or 773.00, to 26,661.85, and the S&P 500 was up 1.91%, or 141.58, to 7,573.04.
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