The Supreme Court ruled 6-3 on Thursday that private plaintiffs cannot sue under the Investment Company Act of 1940 to void fund bylaws, reversing a lower court victory for activist hedge fund Saba Capital and siding with funds affiliated with BlackRock and other asset managers.

Oppenheimer set a $190 price target with an outperform rating, while New Street Research issued a $165 target ahead of SpaceX's Nasdaq debut on Friday, with both firms projecting substantial gains from the $135 IPO price.

SpaceX is set to debut on the Nasdaq this Friday under the ticker "SPCX," four times oversubscribed but presenting what one veteran options trader calls the biggest hedging challenge in nearly three decades, with no publicly traded peers and options trading not beginning until June 16.

AI Financial Corp., formerly Alt5 Sigma, says it has "substantially mitigated" the going-concern risks flagged in May, but its stock remains at 65 cents — below Nasdaq's $1 minimum — after a 92% decline tied to its $1.5 billion bet on a Trump family-backed cryptocurrency.

Autonomous EV freight trucking company Einride surged as much as 90% on its Nasdaq debut Wednesday after completing a SPAC deal that valued the company at $1.35 billion, down from an original $1.8 billion target set in November.