Business News 20 May 2026 - 23 May 2026

Astera Labs Hits Record High Ahead of Next Week
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Astera Labs Hits Record High Ahead of Next Week

Astera Labs shares closed at a record $306.88 on Friday, up 32% from the prior week’s close, after strong buying driven by management appearances and focus on its Scorpio switch for AI clusters. First-quarter revenue jumped 93% to $308.4 million, with guidance for up to $365 million in the second quarter. U.S. equity markets will be closed Monday for Memorial Day.
May 24, 2026
Korro Bio Stock Climbs Before Holiday; Bigger Test Still to Come
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Korro Bio Stock Climbs Before Holiday; Bigger Test Still to Come

Korro Bio shares closed at $11.61 Friday, up 3.66% and about 14% above the May 15 close, before U.S. markets shut for Memorial Day. The company named KRRO-111 as its new AATD drug candidate after an earlier setback, reporting over 90% RNA editing in mouse models. Korro ended Q1 with $157.1 million in cash and a narrower net loss. H.C. Wainwright cut its price target to $15 from $20.
May 23, 2026
Soleno Stock Delisted From Nasdaq After $2.9 Billion Neurocrine Deal
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Soleno Stock Delisted From Nasdaq After $2.9 Billion Neurocrine Deal

Neurocrine Biosciences completed its $2.9 billion cash acquisition of Soleno Therapeutics, delisting Soleno from Nasdaq after a $53-per-share payout. The merger closed May 18, following a tender offer that secured 88.9% of Soleno shares. VYKAT XR, Soleno’s FDA-approved drug for Prader-Willi syndrome, generated $190 million in 2025 revenue. Nasdaq will next open after Memorial Day on Tuesday.
May 23, 2026
Monarch Casino Shares Tick Higher With Holiday Looming, Legal Issue Still Present
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Monarch Casino Shares Tick Higher With Holiday Looming, Legal Issue Still Present

Monarch Casino & Resort shares rose 0.6% to $116.91 Friday afternoon, as investors weighed record first-quarter results against a $78.5 million construction litigation liability. Net income jumped 38.9% to $27.6 million on revenue of $136.6 million. Monarch repurchased $17.6 million in shares and declared a 30-cent dividend. The move came ahead of the Memorial Day market closure.
May 22, 2026
VinFast Shares Drop as North Carolina Ups Ante
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VinFast Shares Drop as North Carolina Ups Ante

VinFast shares fell Friday after North Carolina sued the company for allegedly breaching agreements on a stalled EV plant, seeking to recover about $80 million in state funds. The lawsuit followed VinFast’s announcement to sell its main Vietnamese manufacturing business and transfer $7 billion in debt. The company said it would review the suit and construction would begin soon. VinFast stock dropped despite broader Wall Street gains.
May 22, 2026
Baker Hughes’ $13.6 Billion Chart Deal Gets EU Timing Shift—Why BKR Shares Moved
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Baker Hughes’ $13.6 Billion Chart Deal Gets EU Timing Shift—Why BKR Shares Moved

Baker Hughes shares fell 0.59% to $65.41 in early New York trading Friday after EU regulators set a June 26 deadline for reviewing its $13.6 billion takeover of Chart Industries. The broader U.S. indexes were higher at the time. The European Commission could clear the deal or launch a deeper probe. Baker Hughes aims to expand in LNG and industrial technology with the acquisition.
May 22, 2026
Liberty Broadband Stock Jumps Before Long Weekend as Charter Deal Math Tightens
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Liberty Broadband Stock Jumps Before Long Weekend as Charter Deal Math Tightens

Liberty Broadband Class A shares closed at $34.80 Thursday, up 3.14%, nearing the value implied by Charter Communications’ pending all-stock acquisition. The exchange ratio values each Liberty share at about $35.14 based on Charter’s $148.90 close. Trading is compressed before the Memorial Day holiday. Liberty’s stock is now mainly a play on Charter, which is also acquiring Cox Communications.
May 22, 2026
Turtle Beach Rises as CFO Leaves, 2026 Outlook in Focus
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Turtle Beach Rises as CFO Leaves, 2026 Outlook in Focus

Turtle Beach shares rose 3.83% to $11.12 Thursday after the company named Andrew Clipsham interim CFO, replacing Mark Weinswig, who resigns June 15. The company reaffirmed its 2026 outlook despite reporting a first-quarter net loss of $15.2 million on $42.2 million in revenue. Turtle Beach expects full-year 2026 net revenue of $335–$355 million and adjusted EBITDA of $44–$48 million.
May 22, 2026
Caring Brands Rises 11% as Nasdaq Deadline Hits for CABR
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Caring Brands Rises 11% as Nasdaq Deadline Hits for CABR

Caring Brands Inc. shares jumped 11.1% to $0.9887 Thursday ahead of a Nasdaq deadline for the company to submit a compliance plan. The wellness firm reported no revenue for Q1 and a $2 million net loss. Shareholders are set to vote on issuing more stock and increasing authorized shares to 500 million. Nasdaq warned the company for falling below the $2.5 million equity requirement.
May 22, 2026
UK & AU Stock Market Today: Live Updates 22.05.2026
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UK & AU Stock Market Today: Live Updates 22.05.2026

LIVEMarkets rolling coverageStarted: May 22, 2026, 4:00 AM EDTUpdated: May 23, 2026, 3:55 AM EDT Wesfarmers Ltd (ASX:WES) Share Price Analysis and Valuation May 23, 2026, 3:55 AM EDT. The Wesfarmers Ltd (ASX:WES) share price has declined 8.61% year-to-date. Wesfarmers is an Australian conglomerate with major interests in retail, chemicals, fertilisers, and industrial brands. Over 50% of its profits stem from Bunnings Warehouse, the market leader in home improvement in Australia. The company reported $44.19 billion revenue, growing at a 9.2% compound annual growth rate (CAGR) over three years. Its gross margin is 34.0%, indicating profitability on core operations, with
May 22, 2026
WD-40 Down Ahead of Holiday Weekend
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WD-40 Down Ahead of Holiday Weekend

WD-40 shares fell $2.71 to $205.30 late Thursday morning as consumer staples led S&P 500 sector losses and oil prices rose. The stock gave back part of Wednesday’s gain, trading about 1.3% below the prior close. WD-40 last reported higher quarterly sales and reaffirmed full-year guidance, but investors remain focused on cost and oil risks. Market value stood near $2.77 billion.
May 21, 2026
Canaan Stock Drops After Q1 Loss Widens — Why CAN Is Under Pressure Now
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Canaan Stock Drops After Q1 Loss Widens — Why CAN Is Under Pressure Now

Canaan shares fell 5.3% to $0.4127 in late-morning Nasdaq trading Thursday after the company reported a first-quarter net loss of $88.7 million and forecast weaker Q2 revenue of $35 million to $45 million. First-quarter revenue dropped to $62.7 million from $196.3 million in the prior quarter. Trading volume reached 3.8 million shares. Several bitcoin-mining peers rose.
May 21, 2026
Aterian Moves Lower Pre-Market With $18 Million Ballot Ahead
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Aterian Moves Lower Pre-Market With $18 Million Ballot Ahead

Aterian shares fell 2.5% to $1.15 in premarket trading Thursday after a May 15 filing showed a wider first-quarter loss and raised “substantial doubt” about its ability to continue. The company is seeking stockholder approval to sell major brands for $18 million and issue $7 million in preferred stock, moves that could give investor David E. Lazar control of over 95% of the company.
May 21, 2026
Cintas Stock Just Lost Its Rebound — Why CTAS Traders Are Watching the UniFirst Deal
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Cintas Stock Just Lost Its Rebound — Why CTAS Traders Are Watching the UniFirst Deal

Cintas shares closed Wednesday at $171.36, down 0.49%, after giving back gains from a 3.68% jump Monday. The stock lagged the S&P 500, which rose 1.1% the same day. Investors are watching Cintas’ pending $5.5 billion UniFirst acquisition and projected $375 million in cost synergies. Cintas reported fiscal Q3 revenue of $2.84 billion, up 8.9%, and raised its full-year outlook.
May 21, 2026
HeartCore Cash Concerns Leave HTCR Shares Flat
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HeartCore Cash Concerns Leave HTCR Shares Flat

HeartCore Enterprises shares closed at $2.70 Wednesday, up 2 cents, with thin volume of 23,040 shares. The company reported a 40.5% drop in quarterly revenue and an 86.4% decline in gross profit. Its 10-Q cited “substantial doubt” about its ability to continue as a going concern, with $0.8 million in cash and a $15.6 million accumulated deficit at March 31. No new corporate announcements were posted.
May 20, 2026
Smithfield Foods Shares Flat Near $26
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Smithfield Foods Shares Flat Near $26

Smithfield Foods shares traded near $26.10 Wednesday, little changed after a volatile April drop tied to rising costs. The company reported first-quarter net sales of $3.8 billion and adjusted earnings of 64 cents a share, reaffirming its 2026 outlook. Morgan Stanley trimmed its price target to $30. Smithfield’s stock lagged Tyson, Hormel, and JBS in morning trading.
May 20, 2026
MeiraGTx up 5% after CEO sale filing
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MeiraGTx up 5% after CEO sale filing

MeiraGTx shares rose 5.3% to $9.61 Wednesday after an SEC filing showed CEO Alexandria Forbes sold 62,000 shares under a pre-arranged plan, retaining 1.39 million. The company, now valued at $781 million, recently regained rights to bota-vec from Johnson & Johnson and received FDA Breakthrough Therapy Designation for AAV2-hAQP1. MeiraGTx reported no product revenue and a $46.3 million quarterly net loss.
May 20, 2026
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Stock Market Today

  • US Prediction Markets Draw Bets on Australian Elections and Albanese's Parlimentary Words Amid Regulatory Concerns
    May 24, 2026, 11:07 AM EDT. US-based prediction market platforms Kalshi and Polymarket are attracting tens of thousands of dollars in bets on Australian political events, including election outcomes and Prime Minister Anthony Albanese's word choices during parliament sessions. These markets allow users to buy shares on event outcomes, similar to betting but without bookmakers. Despite being prohibited and unlicensed in Australia, they remain accessible via VPNs, raising alarms among gambling harm advocates and prompting monitoring by Australian regulators. Kalshi and Polymarket have hosted significant trading volumes on Australian politics, economy, and RBA decisions. The Australian Communications and Media Authority mandated blocking Polymarket access in 2025. Experts warn this trend could trigger a new wave of gambling harm, with regulators potentially lagging behind market developments.