US Stocks Focus
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The real estate market made a big move, and Fangduoduo soared 35% before the market opened.
Gelonghui May 17 | Fangduoduo (DUO.US) surged 35% to US$0.54 before the market opened
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Legendary investor Druckenmiller reduced his Nvidia holdings by more than 70% in the first quarter
Legendary investor Stanley Druckenmiller slashed his investment in AI darling Nvidia by 72% in the first quarter, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC)
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Broker’s call: Paytm (Reduce)
Target: ₹300
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Slimming drug concept stocks fell as Roche announced positive phase 1 results for its GLP-1/GIP new drug
Viking Therapeutics fell 3.22%, Eli Lilly fell 1.4%, Amgen fell 1.34%, and Novo Nordisk fell 1.25%.
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IPO transactions remain sluggish Private equity giants have to find new exit methods
EQT AB, one of Europe\’s largest private equity firms, said that more and more private equity giants are considering new ways to exit their portfolio companies – from private offerings to selling shares to competitors, they are looking for ways to Cash returned to investors
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Canoo falls 5.2%, first-quarter net loss widens and misses expectations
Electric vehicle startup Canoo (GOEV.US) fell 5.2% to $2.645
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Petrobras fell more than 9.1%, the company\’s CEO was fired by Brazilian President Lula
Petrobras (PBR.US) fell more than 9.1% to $15.17
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Boeing fell more than 1.2%, the U.S. Department of Justice may consider filing a lawsuit against it for violating the settlement agreement
Boeing (BA.US) fell more than 1.2% to $178.54
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Musk says FSD subscription rate is well above 2%
Tesla CEO Elon Musk posted on X that the subscription rate of Tesla FSD software among U.S. car owners is much higher than 2%
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Manali Petrochemicals subsidiary appoints distributor for silicone oils in UK, Ireland
Manali Petrochemicals Ltd’s (MPL) subsidiary PennWhite Limited, UK, has announced a long-term agreement with KRAHN UK Ltd for the distribution of silicone oil in the UK and Ireland.