EyePoint Pharmaceuticals plummeted about 70% after its Duravyu treatment for wet age-related macular degeneration failed to meet its primary goal in a Phase 3 trial. Intuitive Machines surged 9% for a fifth consecutive day after receiving authorization to proceed on a $600-million multi-satellite communications program. Memory chip stocks rallied following the Trump administration’s opposition to Apple buying Chinese memory chips, with Sandisk jumping 10%, Micron gaining 6% and Western Digital adding 5%. Intel CEO Lip-Bu Tan purchased more than 105,000 shares at $95 each, sending the stock up nearly 4%.
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