24H｜US Energy Jumped 10%; Regencell Plunged 18%; Wolfspeed Slumped 16%
US Energy jumped 10% in overnight trading as President Donald Trump will decide within two weeks whether to strike Iran, his spokeswoman said, as Israel hit more Iranian nuclear sites and warned its attacks may bring down the leadership in Tehran.
Regencell Bioscience Limited (RGC) plunged 18% in overnight trading after tumbling 18% on Wednesday, as investors continued to reassess the company's valuation following a recent stock split announcement. This sharp decline comes after an extraordinary rally that saw the stock surge by an astounding 59,900% year-to-date, despite the company reporting no revenue.
Struggling chipmaker Wolfspeed Inc. will be taken over by creditors including Apollo Global Management Inc. under a proposal that would put it into bankruptcy just long enough to slash billions of dollars in debt, according to people familiar with the plan. Wolfspeed shares slumped 16% in overnight trading after plunging 30% on Wednesday.
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