PODD News & Events

The U.S. Federal Circuit Court of Appeals ruled that Insulet cannot collect a $59.4M insulin pump trade secrets award from EOFlow because it filed its lawsuit too late. "On the merits, we determine that EOFlow was entitled to JMOL on Insulet's DTSA claim because the statute of limitations had expired before Insulet brought suit. We reverse," the court stated in its ruling.

Markets reopened following the holiday weekend with renewed optimism that negotiators in the U.S.-Iran war are making progress, sending Crude Oil prices and Treasury yields lower and broader indices higher.  Basic Materials and Industrials were the best performing sectors in the S&P 500, while Energy was the worst as WTI Crude Oil fell over 3% below $94 per barrel.  Demand for AI-capex-linked Tech names also remained strong as the bid in memory stocks remained unrelenting - Micronjoined the trillion-dollar-market-cap club with a 20% jump, followed by On Semi, Teradyne, and Western Digital, whose shares were up 8%-9%.In the opening hour of the evening session, index futures are little changed.  S&P 500 is just shy of 7,540, Nasaq 100 is above 30,000 and Dow Industrials - the lone index to finish Tuesday in the red due to declines in all of its Healthcare components - is just above 50,550.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Semtechup 7.0%Oomaup 2.4%Modine Manufacturingup 1.7%DOWN AFTER EARNINGS -Zscalerdown 19.4%Transcatdown 3.0%Box, Inc.down 1.7%ALSO LOWER -Verra Mobilitydown 42.7% after termination of agreement notice from Avis BudgetSOLV Energydown 7.8% after equity offeringGlobalFoundriesdown 6.6% after block saleInsuletdown 6.2% after initiating voluntary medical device correction for certain Omnipod lotsFirefly Aerospacedown 5.3% after equity offeringForgent Power Solutionsdown 4.7% after equity offering