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Viking Therapeutics (VKTX) Rebounds on Bargain-Hunting. Are You Missing Out?
We recently published . Viking Therapeutics, Inc. (NASDAQ:VKTX) is one of Wednesday's best performers. Viking Therapeutics bounced back by 5.46 percent on Wednesday to finish at $25.69 apiece as investors resorted to early bargain-hunting to take advantage of its cheap valuations. This followed the company's 42-percent decline on Tuesday, dragged by results of its weight loss clinical trial that saw a huge dropout rate in the number of enrollees due to mild to moderate adverse effects, including nausea and vomiting. In a statement, Viking Therapeutics, Inc. (NASDAQ:VKTX) said it registered a 28-percent dropout rate in the overall number of enrollees for the second phase of its VK2735 clinical study, sparking concerns about the drug's tolerability. In a call with analysts, Viking Therapeutics, Inc. (NASDAQ:VKTX) CEO Brian Lian said that GI-related adverse event rates might be further reduced through lower starting doses and or slower dose escalation. He added that the company was looking to explore it further in an upcoming maintenance dosing study. Following the resu While we acknowledge the potential of VKTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
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Sephora's Former CEO Is Joining Ulta Beauty's Board
Ulta Beauty has some new board appointments. The Bollingbrook, Ill.-based retailer has appointed Martin Brok and Stephenie Landry to its board of directors and as members of its audit and compensation committees. The appointments take effect Sept. 1. More from WWD EXCLUSIVE: Spring Studios Restructures London Operations as AI Impacts Production Revenue EXCLUSIVE: Crocs and Hey Dude Brands Get Their Own Marketing Gurus EXCLUSIVE: Hung Vanngo Unveils Namesake Brand at Sephora Brok is the founder and chief executive of MB Capital Advisors and operating partner at Advent International, though is well known from his time as global president and chief executive officer of Sephora. Prior to that, he was president of Starbucks for Europe, Middle East and Africa and was the global COO of direct-to-consumer at Nike. Landry worked as the chief operating officer at Honor Technology, and held a bevy of positions at Amazon prior. 'We're thrilled to welcome Martin and Stephenie to our board of directors,' said Kecia Steelman, president and CEO of Ulta Beauty, in a statement. 'Martin is an accomplished, strategic leader with deep international experience in the areas of retailing, merchandising, and brand strategy, while Stephenie has strong operational and digital innovation expertise and sustainability leadership. Their transformative track records and strategic vision will be invaluable as we navigate our next chapter of growth.' The appointment comes as the beauty retail landscape deals with seismic shifts. Once dominated by both Ulta and Sephora (key competitors for share of mind and wallet in the prestige market), Amazon is now the largest beauty retailer in the U.S., as reported. Abroad, the U.K. appears to be the latest frontier, with Ulta acquiring Space NK just years after Sephora reentered the geography in 2023. Brok was pivotal to that debut, having architected Sephora's acquisition of Feelunique in the U.K. and Zalando in Germany. At the time of his departure in 2022, it was 'due to a divergence of views,' an internal memo said. It's the latest in a slew of big moves from Steelman, who took the helm of Ulta at the top of the year. Geographically, she's overseeing expansions into Mexico and the Middle East. On the personnel front, she's named Lauren Brindley its chief merchandising and digital officer, Kelly Mahoney its chief marketing officer, and also announced the ending of its partnership with Target Corp. Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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IREN Ltd. (IREN) Jumps as Investors Optimistic Ahead of Earnings
We recently published . IREN Ltd. (NASDAQ:IREN) is one of Wednesday's best performers. IREN Ltd. grew its share prices by 5.5 percent on Wednesday to finish at $19.76 apiece as investors repositioned portfolios ahead of the release of its earnings performance for the full fiscal period of 2025. According to the company, it is scheduled to report its financial and operating highlights after market close on August 28, a Thursday, alongside an investor call to elaborate on the results. Among the highlights to be watched out for include its outlook for the next fiscal period, having achieved its operating hash rate target of 50 EH/s in June this year which was expected to help bolster revenues from Bitcoin mining moving forward. In a statement earlier, IREN Ltd. (NASDAQ:IREN) said a 50 EH/s operating hash rate could help generate some $830 million in annualized hardware profit. Last month, IREN Ltd. (NASDAQ:IREN) announced a higher Bitcoin production of 728 units that successfully raked in $83.6 million in revenues. The total figure marked a 27.6 percent increase from the $65.5 million in revenues from 620 Bitcoins mined in June. Additionally, IREN Ltd. (NASDAQ:IREN) benefitted from an 8.66-percent higher Bitcoin price last month, at t $114,891 versus the $105,730 in June. While we acknowledge the potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
