WallSt Focus

U.S. stocks are on track to reach new records this Monday as optimism grew over a potential breakthrough in U.S.-China trade talks and investors geared up for a major week of economic and earnings news.

Clear Channel Outdoor soars 27% after reports that Abu Dhabi’s Mubadala Capital may pursue a takeover. Despite heavy debt, the small-cap billboard firm draws investor interest amid sale speculation.

Beyond Meat crashes below $1 for the first time, marking a 99% drop from its peak. A massive debt swap, plunging sales, and fading plant-based demand leave the onetime food tech star in freefall.

Neogen Corporation shares jumped 23% after solid Q1 results and a new cost-cutting plan that trims 10% of its workforce, signaling a focused turnaround under new leadership after a tough year.

Nektar Therapeutics rises after reports of Eli Lilly’s buyout interest and strong Phase IIb results for REZPEG. With FDA Fast Track status and solid cash reserves, investor optimism builds.

Novavax faces pressure from a major shareholder Shah Capital to explore a sale as it struggles with weak revenue, poor execution, and fading relevance post-COVID-19.