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Gold Falls 1%; SLB Posts Better-Than-Expected Q3 Earnings - Disc Medicine (NASDAQ:IRON), Artiva Biotherapeutics (NASDAQ:ARTV)
OmerosOmeros(US:OMER) Benzinga·2025-10-17 16:17

Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 200 points, closing up 0.48% at 46,172.36, while NASDAQ rose 0.18% to 22,605.82, and S&P 500 gained 0.29% to 6,648.25 [1] - In the commodities market, oil prices increased by 0.1% to $57.48, while gold decreased by 1% to $4,262.00, silver fell by 4.6% to $50.820, and copper dropped by 0.5% to $4.9735 [5] Company Performance - SLB (NYSE:SLB) reported third-quarter 2025 results that exceeded expectations, with revenue of $8.93 billion, a 4% sequential increase but a 3% year-over-year decline, narrowly beating Wall Street's estimate. Adjusted EPS was 69 cents, surpassing the 66 cents estimate, although it was down 7% sequentially and 22% year-over-year [2] - Rani Therapeutics Holdings Inc (NASDAQ:RANI) saw a significant share price increase of 316% to $1.96 following a collaboration agreement with Chugai Pharmaceutical and an oversubscribed private placement of $60.3 million [6] - Artiva Biotherapeutics Inc (NASDAQ:ARTV) shares surged 105% to $5.68 after receiving Fast Track Designation from the FDA for AlloNK, with Wedbush raising its price target from $18 to $23 [6] - Disc Medicine, Inc. (NASDAQ:IRON) shares rose by 23% to $91.82 after receiving a National Priority Voucher from the FDA, with Wedbush maintaining an Outperform rating and raising the price target from $90 to $110 [6] - UTime Ltd (NASDAQ:WTO) shares fell by 33% to $0.090 due to the pricing of a $25 million registered direct offering [6] - Standard Lithium Ltd. (NYSE:SLI) shares decreased by 25% to $4.0631 following the announcement of a previously announced underwritten public offering [6] - Omeros Corporation (NASDAQ:OMER) shares dropped 17% to $8.18 after publishing a peer-reviewed manuscript regarding survival outcomes in patients treated with narsoplimab [6] International Markets - European shares declined, with the eurozone's STOXX 600 falling 0.95%, Spain's IBEX 35 Index down 0.29%, London's FTSE 100 down 0.86%, Germany's DAX 40 declining 1.82%, and France's CAC 40 slipping [6] - Asian markets closed mostly lower, with Japan's Nikkei 225 down 1.44%, Hong Kong's Hang Seng index down 2.48%, China's Shanghai Composite down 1.95%, while India's BSE Sensex rose by 0.58% [8]