Truist Securities raises Insmed stock price target to $139 on brensocatib pricing

Southern Missouri Bancorp is suspending trading in its 401(k) plan as it transitions to Fidelity. This change aims to enhance the management of retirement funds for employees.

Editor’s Note: This transition is significant as it reflects the bank's commitment to improving employee benefits and ensuring better management of retirement savings. Such changes can impact employee satisfaction and financial planning.

Miami International Holdings Inc. saw a 33% increase in its stock price following its $345 million IPO, marking a successful trading debut for the exchange operator.

Editor’s Note: This significant rise in stock price highlights investor confidence in financial services companies, especially in the current market climate. It reflects a positive trend for IPOs and could encourage more companies to go public.

Lambda Inc., supported by Nvidia, is negotiating a funding round that could value the company between $4 billion and $5 billion as it prepares for a potential IPO.

Editor’s Note: This funding round is significant as it highlights investor confidence in Lambda's growth potential and the increasing demand for cloud infrastructure services, especially with Nvidia's backing.

Centerbridge Partners is securing nearly $1.4 billion in loans from private credit firms to acquire MeridianLink Inc., a financial software platform.

Editor’s Note: This acquisition is significant as it highlights the growing interest in financial technology and the support from private credit markets, which can lead to further innovations in the sector.

The dollar strengthened as US producer prices saw a significant increase in July, indicating potential economic growth.

Editor’s Note: This surge in producer prices is a positive sign for the economy, suggesting that businesses are experiencing higher demand and may lead to increased consumer spending.