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Rite Aid to sell 1,000 stores to CVS, Walgreens and others

By Sabrina Valle (Reuters) -Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell more than 1,000 stores in separate transactions to CVS Pharmacy, Walgreens, Albertsons, Kroger and Giant Eagle, among others. CVS Pharmacy will buy and operate many Rite Aid …

EODHD | 16 May 2025

XPeng (NYSE:XPEV) Unveils Next-Gen P7 Electric Sedan Blending AI And Innovation

XPeng recently unveiled the next-generation XPENG P7, marking a significant design and technology evolution aimed at maintaining its international expansion momentum. Over the last quarter, XPeng's on-market total returns showcased a notable 31% gain. This surge coincided with several key corporate announcements, including a …

EODHD | 16 May 2025

Astera Labs (NasdaqGS:ALAB) Reports Turnaround To Profit In Q1 2025

Astera Labs has experienced a significant share price increase of 53% over the past month. This surge coincides with the company's impressive Q1 2025 financial results, showcasing a substantial rise in sales and a shift from net loss to profitability. Moreover, the introduction of …

EODHD | 16 May 2025

Carvana (NYSE:CVNA) Reports Quarterly Net Income Jumping To US$216 Million

Carvana recently reported an earnings announcement showcasing significant growth, with sales rising to USD 389 million and net income jumping to USD 216 million for the quarter. These impressive financial results, alongside corporate governance changes and the launch of new product offerings like the …

EODHD | 16 May 2025

Upstart Holdings (NasdaqGS:UPST) Sees 28% Stock Surge Last Month

Upstart Holdings recently announced a significant turnaround in its first-quarter earnings, with revenue reaching $213 million, a substantial increase from the previous year. The company's improved financial performance, coupled with its optimistic guidance for the rest of 2025, highlights a strong growth trajectory. Over …

EODHD | 16 May 2025

Star Bulk Carriers (NasdaqGS:SBLK) Reports Lower Q1 Earnings and Declares Dividend

Star Bulk Carriers recently announced a quarterly dividend decrease and reported a significant drop in both revenue and net income for Q1 2025. Despite these events, the company's stock price increased by 15% over the last month. This price movement happened against a backdrop …

EODHD | 16 May 2025

King set to back Euston redevelopment despite HS2 struggles

The Crown Estate’s involvement could attract more investment to the projects, which include the redevelopment of the area around Euston station - HS2 The King’s property company is in talks to buy a slice of the struggling £5.5bn development over London’s Euston station, in …

EODHD | 16 May 2025

Snap (NYSE:SNAP) Sees 14% Price Increase Over The Past Month

Snap experienced a price increase of 14% over the past month, amidst a broader upward trend in technology stocks. This movement aligns with the prevailing market upswing, where indices like the Nasdaq Composite have seen consecutive gains. Snap's stock trajectory might have been supported …

EODHD | 16 May 2025

NFL’s 49ers to Sell Stakes at Record $8.5 Billion Valuation

(Bloomberg) -- The San Francisco 49ers reached a deal to sell stakes in the NFL team at a valuation of about $8.5 billion, breaking the record for a sports franchise set in December. Most Read from Bloomberg As Coastline Erodes, One California City Considers …

EODHD | 16 May 2025

BeiGene (NasdaqGS:ONC) Reveals Promising Phase 1 Trial Results Across Multiple Cancer Studies

BeiGene recently announced comprehensive analyses from clinical trials at EHA2025, focusing on hematological malignancies, reflecting its commitment to advancing treatment options. However, the company’s share price declined by 2.46% over the last quarter. Despite the unveiling of promising clinical data and revenue growth, these …

EODHD | 16 May 2025