HUTCHMED (NASDAQ:HCM) and Innovent Biologics jointly announced that China’s National Medical Products Administration has approved the combination of ELUNATE® (fruquintinib) and TYVYT® (sintilimab injection) for the treatment of adults with advanced kidney cancer.
Scienjoy (NASDAQ:SJ) reported a successful turnaround in its bottom-line profitability for the first quarter of 2026, recovering from a prior-year loss even as total revenues experienced a moderate single-digit contraction.
US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data.
Origin Agritech (NASDAQ:SEED) reported a 31.9% decline in revenue for the first half of fiscal 2026, reflecting a deliberate structural transition within its commercial seed portfolio, though aggressive corporate cost-saving initiatives allowed the company to significantly narrow its net loss.
Treasure Global (NASDAQ:TGL) reported a 125% year-over-year revenue surge for its third fiscal quarter, reflecting an operational pivot toward e-vouchers and high-volume product loyalty sales within its digital platform ecosystem.
Ralph Lauren (NYSE:RL) reported fourth-quarter financial results that exceeded Wall Street estimates, driven by strong full-price selling trends and affluent consumers' appetite for premium apparel, pushing its full-year revenue past the $8 billion threshold for the first time in corporate history.
Arqit Quantum (NASDAQ:ARQQ) reported a significant increase in revenue for the first half of fiscal 2026, signaling early commercial momentum for its quantum-resistant encryption software despite low absolute sales volumes relative to its monthly overhead.
Lightspeed Commerce (NYSE:LSPD) reported a 15% year-over-year revenue increase for its fourth fiscal quarter, capping a year marked by a strategic narrowing of its product portfolio and a return to positive adjusted cash generation.
Dingdong (NYSE:DDL) reported a substantial increase in net income for the first quarter of 2026, driven by steady domestic demand and accounting adjustments related to its pending corporate sale to Meituan.
Endava (NYSE:TAVA) reported an 8.4% drop in revenue for its third fiscal quarter, reflecting prolonged deal negotiation cycles and a broad pull-back in discretionary technology spending across major corporate sectors.
Walmart (NYSE:WMT) reported first-quarter financial results that outpaced expectations, driven by significant gains in store-fulfilled delivery, digital marketplace expansion, and its high-margin corporate advertising business.
Hamilton Lane (NASDAQ:HLNE) reported solid growth for its fourth fiscal quarter and full fiscal year ended March 31, 2026, driven by an expansion in its recurring management and advisory fee streams.
