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Sunday, Jun 22, 2025
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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,462.60.

The Dow Jones Industrial Average was up 0.1% to 21,648.93.

The NASDAQ increased 0.1% to 6,317.15.

The yield on a 10-year Treasury bond declined 0.1% to 2.32%.

The price of gold rose 0.5% to $1,233.40.

HEALTHCARE

Peregrine Pharmaceuticals Inc. (PPHM) in Tustin dropped 11% to $4.99 and a $214 million market cap. After the market closed on July 14, Peregrine reported lower fourth quarter revenue and a wider loss than analysts expected. Shares of the company, which is developing drugs to fight cancer, had climbed 31% in the six trading days prior to the release.

TECHNOLOGY

Newport Beach-based Veritone Inc. (VERI) declined 5.5% to $9.47 and a $138 million market cap. The shares have steadily declined since its initial public offering at $15 in May. Veritone has an online ad-placement business and is trying to expand into artificial intelligence.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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