Business
Abivax Shares Continue Climbing After Biotech Firm Moves to Bolster Balance Sheet
Abivax shares added to recent gains after the French biotechnology company moved to bolster its balance sheet through an upsized stock offering, signaling investor appetite in the wake of positive clinical-trial data.
Paris-listed shares in Abivax were up 5% at 123.40 euros in European morning trading Thursday, which would be a new all-time high if sustained until market close, according to FactSet data. This gave the company a market value of roughly 10 billion euros ($11.26 billion) after a 46% rally this week.
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Originally published on July 1, 2026
By Jennifer Nash
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The stock market is closed tomorrow, but traders aren’t getting out of town early.
Volume across U.S. exchanges was at 8.73 billion shares traded through noon ET on Thursday, which is actually slightly higher than an average day this year at 8.7 billion, according to Dow Jones Market Data. It’s also higher than the average of 8.4 billion shares traded.
When traders smell a long weekend, sometimes that can spark slow days on Wall Street. Perhaps the jobs report, or the latest chip selloff, kept traders at their desks. Or the robots are running the market more than ever.
Jersey Mike’s profits shot up last year, though the sandwich chain said that sales growth has been mixed in recent months as it gears up for a potential public offering this year.
The New Jersey-based sub sandwich maker said Thursday in its initial registration filing that net income jumped to $55 million in its 2025 fiscal year, up from $5 million the year before, due to more royalties and lower founder-related discretionary expenses. Same-store sales grew 2.3% in the 13 weeks ended June 28, down from 3.6% in the previous year’s period.
New marketing and a chicken salad offering have helped in June, the chain said. “We are building a brand with global, long-term endurance,” CEO Charlie Morrison said in the fling.
Stocks were mixed Friday after June jobs data pointed to slower-than-expected growth in the labor market.
The U.S. added 57,000 jobs in June, down from May and roughly half the 115,000 jobs that economists expected to see added. Treasury yields slipped as investors took it as a sign the Fed could be more reluctant to raise interest rates; the dollar also weakened.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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