JetBlue Struggles; Solar Stocks Crash on Tax Bill; Verve Surges on Lilly Deal
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The Daily Update: JetBlue Airways announced significant cost-cutting measures including flight reductions and route eliminations as CEO Joanna Geraghty acknowledged that reaching breakeven operating margin in 2025 appears "unlikely," with shares declining 3.61% amid mounting financial pressures from weakening travel demand and engine inspection issues. Solar stocks plummeted following the Senate's version of Trump's tax bill that would eliminate renewable energy incentives by 2028, with Enphase Energy dropping over 24% and Sunrun crashing more than 27% as the legislation preserves support for nuclear and hydropower while targeting solar and wind power. Verve Therapeutics shares skyrocketed over 78% in premarket trading following reports that Eli Lilly is in advanced negotiations to acquire the gene editing company for approximately $1.3 billion, building on their existing partnership in cardiovascular disease treatments.
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JetBlue’s Stock Declines as Airliner to Reduce Flights Amid Tough Conditions
JetBlue Airways announces major cost-cutting measures including flight reductions and route eliminations.
Solar Stocks Plunge as Senate’s Version of Trump’s Tax Bill Seeks to End Incentives
Solar stocks crashed following Senate Republicans' proposal to eliminate key tax incentives for renewable energy by 2028.
Why are Verve Therapeutics Shares Skyrocketing in Premarket Trading Today?
Eli Lilly is reportedly close to acquiring gene editing partner Verve Therapeutics for up to $1.3 billion.
Jabil Inc. (JBL) Beats Q3 FY’25 Expectations, Raises Outlook
Jabil Inc. has outperformed expectations in its third quarter of fiscal 2025, with notable growth in key sectors.
Kirkland’s, Inc. Reports Q1 FY’25 Results Amid Transformation Efforts, Sales Decline
Kirkland's, Inc. reported a challenging first quarter for fiscal 2025, with net sales falling below expectations.
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