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$WOLF exploded 111% after announcing its pre-packaged restructuring plan, aiming to slash debt by 70% and shed $4.6 billion in liabilities. This move positions Wolfspeed to refocus on its long-term growth narrative and push toward profitability without the heavy debt drag. While bankruptcy headlines can scare off some traders, the massive volume and momentum behind WOLF show that many see the restructuring as a lifeline, not a death sentence, and are betting on the company emerging leaner and stronger.
$ATAI jumped 24% after announcing positive Phase 2b results for BPL-003 in treatment-resistant depression alongside a $50 million private placement. The data showed a significant reduction in depressive symptoms, sparking optimism around its psychedelic therapy pipeline and potential future market capture. The strong efficacy signals paired with fresh funding to advance development brought traders rushing in, pushing ATAI into the top gainers spotlight with a notable volume surge well above average.
$MESO climbed 11% after the FDA aligned with Mesoblast on the requirements for filing a Biologics License Application for Revascor, a cell therapy targeting heart failure. This alignment with regulators paves the way for a potential accelerated approval, fueling excitement around a long-awaited catalyst for Mesoblast’s pipeline.
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