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Perspective CEO Highlights Clinical Progress and Manufacturing Facility Development
"The team at Perspective is highly energized as we continue to build on the significant clinical progress we're making across our pipeline, prepare for our first Phase 3 study, and advance our flagship Chicago manufacturing facility toward completion," said Thijs Spoor, Perspective's CEO. "As precision oncology continues to evolve, long-term leadership will require differentiated science, integrated manufacturing, and the ability to reliably deliver these therapies at commercial scale. We are continuing to bring the platform that delivers."
Stocks Decline Amid Deteriorating Macroeconomic Conditions
Stocks extended losses on Thursday amid a deteriorating macroeconomic backdrop and fresh AI worries, with concerns over accelerating artificial intelligence spending outweighing otherwise solid quarterly results. Meanwhile, rising Treasury yields and oil prices added pressure to equity markets.Oil prices jumped after Yemen's Iran-backed Houthi militant group claimed attacks on two Saudi Arabian tankers in the Red Sea, fueling worries about further conflict in the Middle East. U.S. President Donald Trump has threatened to bomb Iran infrastructure following the event and said he is seriously considering restarting major combat operations in Iran, including a "massive attack" that would be bigger than the ones previously carried out.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetreported, but slid after it also raised its FY26 capex guidanceTeslareportedand maintained its FY26 capex guidanceIBMreportedand cut its FY26 revenue growth outlook amid weakness in infrastructure revenueLockheed Martinprovided areport for Q2AMDand Cerebras Systemsannounced a partnership over a2. WALL STREET CALLS:AT&Tto Outperform at Wolfe ResearchNorwegian Cruise Lineto Hold at TruistVerisk Analyticsto Buy at JefferiesPegasystemsat KeyBanc, William Blair and Loop CapitalCitiAgilon Healthto Sell on "too rich" valuation3. AROUND THE WEB:Atari has inked a film deal with Comcast'sUniversal Pictures to develop 10 classic Atari IP for the big screen, Deadline reportsUberhas cut 10% of jobs within its customer service operations to simplify its ranks and "embrace artificial intelligence," a spokesperson confirmed to BloombergInteland Advanced Micro Devicesare signing longer-term purchase commitments with Chinese server customers for data-center processors, a consequence of the AI boom driving demand and giving suppliers leverage to seek long-term purchase deals, Reuters reportsSamsungmay invest up to EUR 1B in Mistral as part of a broader round valuing it at EUR 20B, after previously backing the AI startup through its venture arm, FT saysAmazonis being probed by the Senate Small Business Committee for allegedly allowing China to influence the ecommerce giant's online marketplace, Bloomberg reports4. MOVERS:Novocuregained in New York afterand raising its guidance for FY26Cleveland-Cliffsincreased after, providing guidance for Q3 and 2H, and providing updates on USW and POSCOPalisade Biowas higher after Oppenheimercoverage of the stock with an Outperform ratingAlbertsonswas lower after, cutting its guidance for FY26, and announcing the retirement of CFO McCollamSTMicroelectronicsfell in New York afterand providing guidance for Q35. EARNINGS/GUIDANCE:Union Pacific, with EPS and revenue beating consensusVita Cocoand raised its guidance for FY26American Airlinesand provided guidance for Q3Nasdaqand raised its guidance for FY26, with CEO Adena Friedman calling it "an outstanding second quarter"Imax, with EPS and revenue beating consensusINDEXES:The Dow fell 506.93, or 0.97%, to 51,711.65, the Nasdaq lost 533.21, or 2.15%, to 25,137.69, and the S&P 500 declined 90.66, or 1.21%, to 7,408.30.
Major Averages Drop Sharply Amid AI Spending Concerns
The major averages were sharply lower near noon as investors digest the first wave of megacap technology earnings, with concerns over accelerating artificial intelligence spending outweighing otherwise solid quarterly results. Meanwhile, Treasury yields and oil prices are climbing, adding pressure to equity markets.Oil prices are surging after Yemen's Iran-backed Houthi militant group claimed attacks on two Saudi Arabian tankers in the Red Sea, fueling worries about further conflict in the Middle East. U.S. President Donald Trump has threatened to bomb Iran infrastructure following the event and said he is seriously considering restarting major combat operations in Iran, including a "massive attack" that would be bigger than the ones previously carried out.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetreported, but slid after it also raised its FY26 capex guidanceTeslareportedand maintained its FY26 capex guidanceIBMreportedand cut its FY26 revenue growth outlook amid weakness in infrastructure revenueCSXreported better-than-expectedLockheed Martinprovided areport for Q22. WALL STREET CALLS:AT&Tto Outperform at Wolfe ResearchNorwegian Cruise Lineto Hold at TruistVerisk Analyticsto Buy at JefferiesPegasystemsat KeyBanc, William Blair and Loop CapitalCitiAgilon Healthto Sell on "too rich" valuation3. AROUND THE WEB:Yelpis expanding its role in AI-powered local search by licensing reviews, photos, and business data to OpenAI, Axios saysUberhas cut 10% of jobs within its customer service operations to simplify its ranks and "embrace artificial intelligence," a spokesperson confirmed to BloombergInteland Advanced Micro Devicesare signing longer-term purchase commitments with Chinese server customers for data-center processors, a consequence of the AI boom driving demand and giving suppliers leverage to seek long-term purchase deals, Reuters reportsSamsungmay invest up to EUR 1B in Mistral as part of a broader round valuing it at EUR 20B, after previously backing the AI startup through its venture arm, FT saysAmazonis being probed by the Senate Small Business Committee for allegedly allowing China to influence the ecommerce giant's online marketplace, Bloomberg reports4. MOVERS:Novocuregains in New York afterand raising its guidance for FY26Cleveland-Cliffsincreases after, providing guidance for Q3 and 2H, and providing updates on USW and POSCOPalisade Biohigher after Oppenheimerof the stock with an Outperform ratingAlbertsonslower after, cutting its guidance for FY26, and announcing the retirement of CFO McCollamSTMicroelectronicsfalls in New York afterand providing guidance for Q35. EARNINGS/GUIDANCE:Union Pacific, with EPS and revenue beating consensusVita Cocoand raised its guidance for FY26American Airlinesand provided guidance for Q3Nasdaqand raised its guidance for FY26, with CEO Adena Friedman calling it "an outstanding second quarter"Imax, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 0.96%, or 502.97, to 51,715.61, the Nasdaq was down 2.22%, or 571.25, to 25,119.66, and the S&P 500 was down 1.24%, or 92.82, to 7,406.14.
Major Averages Finish Broadly Higher as Investors Await Middle East News
The major averages finished broadly higher as investors await news out of the Middle East. President Trump said the U.S. and Iran will meet to negotiate after days of strikes as the market shifts focus from geopolitics back toward macro data. Investors are watching labor market releases, including the JOLTS report and Thursday's payroll report, for clues on the Federal Reserve path. Markets continue to weigh a resilient economy against concerns that sticky inflation could keep the Fed more restrictive than expected.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwillon July 7Comcastplans to separate intothrough a tax-free spin-off of NBCUniversal and SkySpaceXand Charterhave discussed partnering on a mobile phone offering,Verizonand BT Groupwilland combine international operationsRocket LabIridiumfor $54 per share in a cash and stock transaction2. WALL STREET CALLS:Robloxto Buy at AreteAdobeto Neutral at Phillip SecuritiesDoximityto Underperform from Buy at BofAQuantinuumwith mostly Buy or equivalent ratings as Wall Street rolled out coverageCoverage of Liftoff Mobilewas alsowith mostly bullish ratings3. AROUND THE WEB:Carlislehas made unsolicited offers for Owens Corning, WSJ reportsEli Lillyand Regeneronare among the first selections for the FDA's PreCheck program, CNBC reportsAmazoncould pay more for Anthropic's technology, The Information reportsIntelis gaining momentum from the AI boom and new partnerships with Nvidia, Apple, and Elon Musk's Terafab project, but its long-term future depends on proving its new 14A manufacturing process can succeed and help restore U.S. chip production, New York Times reportsSamsungand SK Hynix intend to invest over $500B in a new chip-making hub in South Korea, WSJ says4. MOVERS:Repay Holdingsincreases after Forager Fundthe company for $5.25 per shareFuelCellgains after B. Rileythe stock to BuyPalisade Biohigher afterto start its ulcerative colitis studyEvommunelower after Phase 2b trial of EVO756Larimar Therapeuticsfalls afterof its rolling BLA for nomlabofusp5. EARNINGS/GUIDANCE:GameStopprovidedPerfect Moment, with EPS and revenue higher year-over-yearKolibri Global EnergyprovidedNiketoon June 30Constellation Brandstoon June 30INDEXES:The Dow rose 306.63, or 0.59%, to 52,182.74, the Nasdaq gained 522.53, or 2.07%, to 25,820.15, and the S&P 500 advanced 86.41, or 1.18%, to 7,440.43.
Major Averages Broadly Higher as Investors Await Middle East News
The major averages were broadly higher near noon as investors await news out of the Middle East after President Trump said the U.S. and Iran will meet to negotiate after days of strikes. Oil prices are up again amid renewed tensions, though are still well below where they were just weeks ago.The key theme this week is shifting from geopolitics back toward macro data. Investors are watching labor market releases, including the JOLTS report and Thursday's payroll report, for clues on the Federal Reserve path. Markets continue to weigh a resilient economy against concerns that sticky inflation could keep the Fed more restrictive than expected.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwillon July 7Comcastplans to separate intothrough a tax-free spin-off of NBCUniversal and SkySpaceXand Charterhave discussed partnering on a mobile phone offering,Verizonand BT Groupwilland combine international operationsRocket LabIridiumfor $54 per share in a cash and stock transaction2. WALL STREET CALLS:Robloxto Buy at AreteAdobeto Neutral at Phillip SecuritiesDoximityto Underperform from Buy at BofAQuantinuumwith mostly Buy or equivalent ratings as Wall Street rolled out coverageCoverage of Liftoff Mobilewas alsowith mostly bullish ratings3. AROUND THE WEB:Salesforceemployees are concerned that Anthropic's Claude Tag could undermine Slackbot and strengthen Anthropic's influence within the enterprise software market, The Information saysIntelis gaining momentum from the AI boom and new partnerships with Nvidia, Apple, and Elon Musk's Terafab project, but its long-term future depends on proving its new 14A manufacturing process can succeed and help restore U.S. chip production, New York Times reportsSamsungand SK Hynix intend to invest over $500B in a new chip-making hub in South Korea, WSJ saysVolkswagenintends to end its automated driving partnership with Bosch as part of its efforts to cut costs and boost competitiveness, Reuters reportsMetahas imposed strict limits on applied AI staff use of external coding tools like Claude Code and Codex due to concerns about inadvertent model distillation, The Information says4. MOVERS:Repay Holdingsincreases after Forager Fund offered tofor $5.25 per shareFuelCellgains after B. Rileythe stock to BuyPalisade Biohigher afterto start its ulcerative colitis studyEvommunelower after Phase 2b trial ofits primary endpointLarimar Therapeuticsfalls afterof its rolling BLA for nomlabofusp5. EARNINGS/GUIDANCE:GameStopPerfect Moment, with EPS and revenue higher year-over-yearKolibri Global EnergyNikeon June 30Constellation Brandson June 30INDEXES:Near midday, the Dow was up 0.44%, or 230.00, to 52,106.11, the Nasdaq was up 1.34%, or 339.82, to 25,637.44, and the S&P 500 was up 0.75%, or 55.11, to 7,409.13.
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