Redhill Biopharma stock jumps after court win against Kukbo

Investing.com -- Energy Vault Holdings Inc (NYSE:NRGV) stock climbed 6% Tuesday after the grid-scale energy storage company announced a framework supply agreement with EU Green Energy LLC for up to 1.8 GWh of battery storage systems in the Balkan region.

The agreement spans a four-year deployment period and will support renewable energy integration across Albania, Kosovo, North Macedonia, and Montenegro. As part of the deal, Energy Vault and EU Green Energy have already commenced development on the first project - a 100 MW/400 MWh battery installation in southern Albania.

The initial phase of the Albanian project will deploy Energy Vault’s B-VAULT™ storage system and VaultOS™ energy management platform, with 50 MW/200 MWh scheduled to begin commercial operation in the third quarter of 2026. The second phase is expected to come online in the first quarter of 2027, pending final Albanian legislative approval.

"We are proud to partner with EU Green Energy, a well-established renewable energy player in the Balkan region with deep understanding of local energy policies and execution," said Marco Terruzzin, Chief Revenue Officer of Energy Vault.

Alfons Uka, President of EU Green Energy, noted that Energy Vault "demonstrated proven customer focus and technical expertise, providing a unique hardware and software platform that perfectly fits our growth strategy."

The company indicated that this agreement expands its B-VAULT™ portfolio, which now exceeds 2 GWh of deployed or contracted systems globally.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Forward Industries Inc (NASDAQ:FORD) stock plunged 20% on Tuesday after the company filed a resale prospectus supplement with the SEC, allowing previous private placement investors to resell their shares.

The self-described "leading Solana treasury company" announced that the resale prospectus supplement registers shares of common stock previously issued in its September 2025 private placement. The filing became automatically effective upon submission and permits selling stockholders to resell securities from time to time, with Forward Industries receiving no proceeds from these potential sales.

In a separate announcement, the company’s Board of Directors authorized a share repurchase program of up to $1 billion of its outstanding common stock on November 3. The program, set to expire on September 30, 2027, allows for repurchases through various methods including open-market purchases, block trades, and privately negotiated transactions.

"Today’s announcement reflects our confidence in both Forward Industries’ differentiated strategy and the underlying strength of Solana’s ecosystem," said Kyle Samani, Chairman of the Board. "While the resale registration is a normal post-PIPE process, launching a buyback program alongside it sends a clear message — we are committed to building long-term shareholder value and believe in the potential of Solana technology for capital market applications."

The company noted that the repurchase program doesn’t obligate it to buy any specific number of shares and may be modified or terminated at any time. Forward Industries stated it would determine the timing, amount, and method of repurchases based on market conditions, share price, and regulatory requirements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Baidu Inc (NASDAQ:BIDU) stock ticked up 2% Tuesday after the company’s autonomous driving unit Apollo Go announced its fully driverless weekly rides have surpassed 250,000 orders as of October 31, CNBC reported.

This milestone puts Apollo Go on par with Alphabet’s (NASDAQ:GOOGL) Waymo, which reported the same weekly ride volume in April. The Chinese tech giant’s robotaxi service primarily operates in major Chinese cities including Wuhan, Beijing, Shanghai, and Shenzhen, while also expanding internationally to Hong Kong, Dubai, Abu Dhabi, and Switzerland.

Apollo Go reported it has received 17 million robotaxi ride orders to date, with its vehicles covering 240 million kilometers (149 million miles) and completing 140 million fully driverless rides. The company also highlighted that its robotaxis have not been involved in any major accidents resulting in human injury or death.

The achievement comes amid intensifying competition between Chinese and U.S. companies for leadership in advanced technologies, including artificial intelligence, electric vehicles, and autonomous driving.

Based on CNBC calculations from previously disclosed figures, Apollo Go has significantly accelerated its operations, averaging about 169,000 rides weekly during the quarter ended June 30, representing a substantial increase to the current 250,000 weekly rides.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com-- U.S. stocks retreated sharply Tuesday as investors fretted about the health of the U.S. economy while digesting more corporate earnings.

At 09:35 ET (14:35 GMT), the Dow Jones Industrial Average slipped 405 points, or 0.9%, the S&P 500 index dropped 80 points, or 1.2%, and the NASDAQ Composite fell 388 points, or 1.6%.

Concerns about U.S. economic health

Concerns over the health of the U.S. economy have caused investors to bank some of the recent gains as they start to fret about the extremely high valuations implied by the current levels of the major stock indices.

The tech-heavy Nasdaq Composite has gained over 23% year-to-date, while the broad-based S&P 500 is over 16% higher and the blue chip DJIA has advanced over 11%. 

Yet the latest ISM manufacturing index showed factory activity in the U.S. contracted for an eighth straight month in October, with a reading of 48.7, below the 50-point mark that separates growth from contraction.

The ongoing government shutdown, which is flirting with becoming the longest such closure in American history, has left investors and Fed policymakers without a range of critical data points needed to establish the state of the U.S. economy. 

And while Fed Chair Jerome Powell suggested that last week’s interest rate cut by the U.S. central bank might be the last of the year, both his colleagues Mary Daly and Governor Lisa Cook indicated that an easing at the December Fed meeting was still a possibility.

Palantir falls despite record quarter

The dominant tech sector has remained in focus, with Palantir Technologies (NASDAQ:PLTR) stock falling despite the data analytics titan posting another quarter of record revenue.

Palantir, whose operations also involve software for the defense sector, reported net profit of $475.6 million on $1.18 billion in third-quarter sales, both topping estimates.

Writing in a letter with the release, Chief Executive Alex Karp said the business is "now producing more profit in a single quarter than it did in revenue not long ago."

The company also forecast better-than-anticipated current-quarter sales, fueled by a boom in AI adoption which has lifted demand for its data analysis services.

Elsewhere, Advanced Micro Devices (NASDAQ:AMD) is set to report after the closing bell, becoming the latest AI chipmaker to release quarterly results following an intense round of dealmaking in the sector.

Last month, AMD also said it would supply AI chips to OpenAI as part of a multi-year deal that would both generate billions of dollars in annual revenue and grant the AI startup access to about a 10% stake in the firm.

Additionally, Uber Technologies (NYSE:UBER) stock fell after the ride-hailing company offered soft earnings guidance for the current quarter, overshadowing its better-than-expected third-quarter results.

Yum! Brands (NYSE:YUM) stock gained after the restaurant giant said it has begun a formal strategic review of its Pizza Hut business while reporting third-quarter earnings that exceeded analyst expectations.

Marriott International (NASDAQ:MAR) stock edged higher after the hotel operator posted a rise in third-quarter profit as resilient demand for upscale lodgings countered soft sales in its budget and select-service hotels.

Crude retreats on supply glut concerns

Oil prices slipped lower Tuesday as investors digested the news from the weekend’s OPEC+ meeting, amid ongoing concerns surrounding a global supply glut.

Brent futures dropped 1% to $64.27 a barrel, and U.S. West Texas Intermediate crude futures fell 1.1% to $60.41 a barrel.

On Sunday, the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed to a small oil output increase for December and a pause in increases in the first quarter of next year.

Market participants are now waiting for the latest U.S. inventory data from the American Petroleum Institute, due later in the day, for more trading cues.

Ayushman Ojha contributed to this article