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Technology

GitLab reduces workforce by 14% as It pivots infrastructure toward AI-agent scaling

GitLab (NASDAQ:GTLB) has confirmed the layoff of approximately 350 employees, representing 14% of its workforce, as the company implements a restructuring plan designed to align its operations with the evolving demands of artificial intelligence.

Read more: GitLab reduces workforce by 14% as It pivots infrastructure toward AI-agent scaling
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Kura Oncology positions Darlifarnib as foundational combination platform following strong Phase 1a results

Kura Oncology (NASDAQ:KURA) has released preliminary Phase 1a data showcasing the potential of its next-generation farnesyl transferase inhibitor (FTI), darlifarnib, as a foundational component of combination therapies for KRAS-mutant cancers.

Read more: Kura Oncology positions Darlifarnib as foundational combination platform following strong Phase 1a results
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Arcus Biosciences partners with Bristol Myers Squibb to advance kidney cancer treatment

Arcus Biosciences (NYSE:RCUS) has announced a new clinical trial collaboration and supply agreement with Bristol Myers Squibb (NYSE:BMY) aimed at advancing treatment options for advanced renal cell carcinoma (RCC).

Read more: Arcus Biosciences partners with Bristol Myers Squibb to advance kidney cancer treatment
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Avalyn Pharma bolsters balance sheet with $345 million IPO, projects runway into 2029

Avalyn Pharma (NASDAQ:AVLN) provided a comprehensive update on its financial position and clinical development programs for the first quarter of 2026, underscored by a strengthened capital base following its recent initial public offering.

Read more: Avalyn Pharma bolsters balance sheet with $345 million IPO, projects runway into 2029
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Wellington to acquire Hartford Funds to build $1.9B retail wealth powerhouse

Wellington Management has signed a definitive agreement to acquire Hartford Funds from insurer The Hartford Financial Services Group (NYSE:HIG), a transaction that structurally consolidates a 40-year sub-advisory alliance into a unified asset management platform.

Read more: Wellington to acquire Hartford Funds to build $1.9B retail wealth powerhouse
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Technology

Cognyte operating profit rallies on resilient analytics software demand

Cognyte Software (NASDAQ:CGNT) delivered double-digit revenue growth and a sharp improvement in core operational profitability for the first quarter of fiscal 2027, capitalising on sustained global demand for its security and investigative analytics software platforms.

Read more: Cognyte operating profit rallies on resilient analytics software demand