Business News 1 August 2025

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
AI Stock Frenzy: Microsoft Tops $4 Trillion, Meta Soars 11%, and Palantir Lands $10B Army Deal – July 31/Aug 1 Roundup
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AI Stock Frenzy: Microsoft Tops $4 Trillion, Meta Soars 11%, and Palantir Lands $10B Army Deal – July 31/Aug 1 Roundup

Microsoft briefly topped a $4 trillion market cap on July 31, the second public company to do so after Nvidia. Meta shares jumped 11.3% to a record on strong Q2 results and AI ad growth. Alphabet raised its AI spending target by $10 billion to $85 billion after beating sales forecasts. Amazon’s stock fell over 7% after hours despite 13% revenue growth, as AWS cloud growth lagged rivals.
August 1, 2025
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