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- Biotech Firm Boosted by Acquisition Deal, Cultivates 136% Growth
Biotech Firm Boosted by Acquisition Deal, Cultivates 136% Growth
Adam Garcia
April 30, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.
Uranium Demand (Sponsored)
On Behalf of Azincourt Energy Corp
With AI pushing power demand through the roof, nuclear is the only option.
Uranium demand is set to double. One junior may benefit most.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Markets 📈
The US stock market was mixed on Wednesday, as the S&P 500 and Dow Jones recovered earlier losses and closed higher. The latest economic data increased worries about a recession, putting pressure on equities.
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Market-Moving News 📈
Energy & Renewables
Equinor Faces Billions in Losses from New York Wind Project Halt
Equinor (NYSE: EQNR) warns that a federal order stopping its Empire Wind project off New York could erase billions from its value. The U.S. Interior Department halted construction in mid-April, citing incomplete environmental reviews, with one-third of the turbines and cables installed.
The Norwegian company has invested $2.5 billion in Empire Wind and faces $1.5 billion to $2 billion in guarantees and potential fees if the project stalls further.
Equinor describes the halt as “unprecedented” and is meeting with U.S. officials while exploring legal options. This setback threatens Equinor’s U.S. growth and could hurt investor confidence.
Empire Wind relies on tax credits and power contracts to make money. Delays increase costs and delay revenue, making the project less profitable.
For investors, this means a likely write-down in Equinor’s following quarterly report, which could pressure its stock price. Future U.S. wind projects may also face more stringent permitting requirements.
Other wind developers are worried, as the ruling suggests that even approved projects can face new reviews. Equinor hopes to resume work but hasn’t set a new timeline until regulations are clarified, with shareholders getting an update after the company assesses the financial hit.
A policy change could revive the project; otherwise, Equinor may shift investments to countries with clearer rules.
Esports Market Watch (Sponsored)
This fast-moving digital media company—backed by the Dallas Cowboys’ owner—just acquired one of the most iconic gaming brands on the planet.
With projected revenues topping $100M and clients like Nestlé and GM, it’s building a next-gen platform that connects global brands to the hardest-to-reach audiences in Gen Z and Gen Alpha.
Their acquisition of a top-tier esports brand could be the turning point in the battle for youth attention.
Energy
Oil Prices Fall Sharply as U.S. Trade War Dampens Global Demand Outlook
Oil prices are on track for their steepest monthly drop since 2021, as economic jitters fueled by U.S. tariff escalations continue to drag down market confidence. The uncertainty is reshaping expectations not just for global growth but also for fuel demand in the world’s largest energy-consuming economies.
Since early April, crude benchmarks have steadily slipped, weighed down by fears that the U.S.-China trade dispute will deepen and trigger a broader economic slowdown.
While oil typically responds to geopolitical flare-ups and supply concerns, this downturn is driven by something more systemic: weakening consumer confidence, shrinking factory activity and global supply chains caught in policy crossfire.
Recent softness in U.S. confidence data and China’s manufacturing contraction aren’t helping the narrative. If both consumer sentiment and industrial output are sputtering at the same time, the implications for energy demand become hard to ignore.
Meanwhile, the market isn’t getting relief from the supply side. OPEC+ is mulling further production increases just as inventories in the U.S. rise and diplomatic efforts in Iran and Ukraine raise the possibility of even more oil entering global markets.
The bigger picture here isn’t just about barrels or benchmarks. It’s about how prolonged policy uncertainty, especially from the world’s largest economy, can undercut the energy sector’s foundational expectations around growth.
Energy Shift (Sponsored)
On Behalf of Azincourt Energy Corp
Drill campaigns. Uranium-bearing zones. And prime territory next to billion-dollar discoveries.
This stock is positioned to grow.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Automotive & Manufacturing
Delayed But Not Derailed: Tesla’s Semi Program Springs Back to Life
Tesla (NASDAQ: TSLA) is ramping up its Semi truck program by hiring more than 1,000 workers for its Nevada Gigafactory with the aim of starting production of the electric heavy-duty truck by late 2025.
The Sparks, Nevada, facility is being equipped to produce up to 50,000 Semis yearly. New jobs include engineers, technicians, and quality control staff. Previously, Tesla ran a small semi-pilot in California with fewer than 100 workers, making this hiring push a serious commitment to the project.
Announced in 2019, the Semi faced delays, but the expanded workforce and factory upgrades signal progress. Moving into commercial trucks, Tesla is entering a market with stringent emissions regulations and a growing demand for environmentally friendly logistics. This step could open a new revenue stream for Tesla, boosting investor confidence in its stock.
A recent Tesla video release on YouTube highlighted the Nevada production line, hinting at a shift from prototypes to full-scale manufacturing. While delivery targets remain undisclosed, the company’s actions suggest it’s closer to market entry.
Investors should note that Tesla’s focus on the Semi could strengthen its position in the EV market, especially if production meets the 2025 goal. Success here may lift TSLA’s value, but delays could frustrate shareholders.
Top Winners and Losers 🔥
Regulus Therapeutics [RGLS] $7.98 (+136.80%)
Regulus shares more than doubled after Novartis agreed to acquire the company for up to $1.7 billion in a deal centered on its kidney disease drug.
Rocky Brands Inc [RCKY] $21.39 (+53.33%)
Rocky Brands rose after posting strong Q1 results with record gross margins and double-digit retail growth, responding successfully to tariff challenges.
Abeona Therapeutics [ABEO] $6.55 (+23.58%)
Abeona jumped after receiving long-awaited FDA approval for Zevaskyn, its gene therapy for a rare skin disease.
GeneDx Holdings Corp [WGS] $66.85 (-42.85%)
GeneDx plunged over 40% after beating Q1 revenue and earnings estimates, although it failed to impress investors. On top of that, the report showed a decline in its diagnostic test volume.
Wabash National Corp [WNC] $6.88 (-30.92%)
Wabash tumbled about 30% to the lowest in over a decade after missing Q1 estimates and slashing its full-year guidance amid a steep drop in sales and order backlog.
Vicor Corp [VICR] $39.90 (-23.13%)
Vicor fell today after missing Q1 profit and revenue expectations. Its report revealed signs of slowing growth and declining margins.
Energy Sector Watch (Sponsored)
On Behalf of Azincourt Energy Corp
Uranium has doubled since 2020.
Saskatchewan’s uranium sales just hit $2.6 billion, up 62% year-over-year.
Cameco says the long-term outlook has never been stronger.
Now layer on the global demand curve:
30+ countries pledging to triple nuclear capacity
AI data centers expected to use 12% of US electricity by 2028
Germany reversing course and returning to nuclear
The setup is here.
And one company has plans to drill in the heart of it all: Canada’s Athabasca Basin.
With early uranium hits, expanding alteration zones, and proximity to NexGen and Cameco, this could be the next name to watch in the sector.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
That's it for today! Please write us back and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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