24H | Summit Therapeutics Surges 18%; Navitas Semiconductor Jumps 12%; Fair Isaac Sinks 9%

US Overnight
Sep 29

Dow Futures rose 0.01%, S&P 500 Futures rose 0.03%, Nasdaq Futures rose 0.07% as sentiment leaned cautiously constructive amid light, steady overnight flows.

Summit Therapeutics shares surged 18.35% in overnight trading. Summit said that British drugmaker AstraZeneca would invest $2 billion in ​the company and collaborate on a ‌series of studies testing their cancer treatments together.

Navitas Semiconductor jumped 12.28% in overnight trading. The move followed a U.S. Army ALATTIS award, sponsored by the Army Research Laboratory, to design, fabricate, and test 10 kV silicon‑carbide power devices and validate a domestic manufacturing process for ultra‑high‑voltage semiconductors, alongside a deepening collaboration with MagnaChip that includes a recent equity investment and licensing of GeneSiC high‑voltage SiC technology for mission‑critical military systems.

Fair Isaac tumbled 9.06%. The decline came amid FHFA measures to adopt a unified pricing table and a dual‑score framework that incorporates VantageScore alongside FICO across agency products at Fannie Mae and Freddie Mac, and after officials alleged per‑person credit‑score costs jumped about 1,800% since 2020, intensifying competitive pressure on its mortgage credit‑scoring franchise.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10