Trump eyes tariff cuts ahead of China talks; Corvus stock jumps on cancer drug data;
Google invests in nuclear power for AI growth.
Market-Moving Event Alerts
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Although the market’s been rough recently, StockNews.AI still identified and published 500+ successful event alerts across multiple sectors this week, with 25% alerts showcasing price movements exceeding an impressive 10%!
*Data Captured Between 5/5 00:00am - 5/9 12:00 pm EDT.
*Penny stocks are excluded from the 10%+ price change analysis.
Top 3 AI Events you can’t miss for today, 5/9.
Forbes
bullishShortTermS&P 500Industry News
Trump Floats 80% China Tariffs And ‘Many' Other Deals—As U.S. And China Prepare For Trade Talks
- Trump suggests lowering tariffs on Chinese goods from 145% to 80%.
- Current U.S. tariffs are still significantly higher than pre-trade war levels.
- Futures for the S&P 500 rose 0.4% amid news of potential trade deal progress.
- U.S. imported $438.9 billion from China last year, creating a large trade deficit.
- Goldman Sachs projects tariffs to still be 54 percentage points higher post-negotiations.
Benzinga
BullishShortTermCRVSCorporate Developments
Why Is Corvus Pharmaceuticals Stock Soaring On Friday?
- Corvus released positive Phase 1 trial data for soquelitinib, showing efficacy.
- Cohort 3 demonstrated earlier and deeper efficacy compared to lower dose cohorts.
- Soquelitinib was well tolerated with minimal adverse effects reported.
- Company plans to initiate Phase 2 trial and extension cohort data soon.
- Corvus has sufficient funding until late 2026 for ongoing operations.
TechCrunch
BullishLongTermGOOGCorporate Developments
Google inks deal to develop 1.8 GW of advanced nuclear power
- Google partners with Elementl Power for three advanced nuclear reactor sites.
- AI expansion drives Google to invest $75 billion in data centers this year.
- Each site aims for 600 megawatts of generating capacity.
- Elementl adopts a technology-agnostic approach for reactor development.
- No SMR has been operational outside China despite rising interest.
Here’re the top 5 most-surged stocks captured by our AI Event signal this week.
*Penny stocks are not included in the list.
GlobeNewsWire
BullishShortTerm 17227.94%WBUYEarnings
Webuy Global Ltd. (Nasdaq: WBUY) Reinstated Listing on Nasdaq Capital Market and Returns to Profitability with Strong First Quarter Growth in Travel
- Webuy Global Ltd. is reinstated on Nasdaq effective May 8, 2025.
- Successful compliance with minimum bid price boosts investor confidence.
- First-quarter 2025 travel bookings increased 45% year-over-year to over $2.6 million.
- Exceptional Indonesian revenue growth exceeded 2,160% compared to Q1 2024.
- Webuy aims to scale operations and enhance its e-commerce technology.
GlobeNewsWire
BullishLongTerm 1159.02%ASSTM&A
Asset Entities to Merge with Strive Asset Management to Form the First Publicly Traded Asset Management Bitcoin Treasury Company
- ASST merges with Strive Asset Management, forming a Bitcoin Treasury Company.
- The merger aims to maximize Bitcoin exposure and shareholder value over time.
- Strive plans tax-free Bitcoin-for-stock exchanges and up to $1 billion capital raise.
- Leadership includes experienced executives from both ASST and Strive.
- Strive's rapid growth emphasizes corporate adoption of Bitcoin strategies.
GlobeNewsWire
BullishLongTerm 265.69%GPUSEarnings
Hyperscale Data Announces Preliminary $25 Million in Revenue for Q1 2025, Provides Full-Year Guidance of $115–$125 Million
- Hyperscale Data reports Q1 2025 revenue surpassing $25 million.
- Forecasted full-year revenue is between $115 million and $125 million.
- Transition to AI data centers positions Hyperscale for growth.
- One-time gain of $9.7 million from deconsolidation of Avalanche International.
- Divestiture of non-core assets aims to enhance long-term strategic focus.
GlobeNewsWire
BullishShortTerm 58.51%LIVEEarnings
Live Ventures Reports Fiscal Second Quarter 2025 Financial Results
- Q2 revenue decreased by 9.8% to $107 million.
- Operating income improved to $2.1 million, compared to a loss previously.
- A $22.8 million gain from seller note modification boosted income before taxes.
- Adjusted EBITDA surged by 44.6% to $6.4 million.
- Ongoing challenges in flooring segments continue to pressure overall performance.
GlobeNewsWire
VerybullishShortTerm 48.72%DAVEEarnings
Dave Reports First Quarter 2025 Financial Results
- Q1 revenue reached $108 million, up 47% year-over-year.
- Net income rose to $28.8 million; adjusted EBITDA increased 235%.
- Company raised 2025 revenue and EBITDA guidance significantly.
- ExtraCash originations grew 46% to $1.5 billion, with delinquency rate improving.
- Introduced a $50 million share repurchase program to enhance shareholder value.
GlobeNewsWire
BullishShortTerm 47.75%TDUPEarnings
ThredUp Announces First Quarter 2025 Results
- TDUP reported Q1 revenue of $71.3 million, up 10% year-over-year.
- Gross margin stands at 79.1%, slightly decreased from 80.1% last year.
- Active Buyers reached 1.37 million, reflecting 6% growth and 95% new buyer acquisition.
- Updated full year 2025 outlook includes revenue expectations of $281.0 to $291.0 million.
- New AI-powered feature launched to enhance shopping experience and engage users.
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