Nano One Announces Retirement of Founder and CEO Dan Blondal, President & Chief Strategy Officer Alex Holmes Appointed to CEO Role

Nanoco Group PLC said it plans to delist from the London Stock Exchange main market to cut operating costs, then re-register as a private limited company after cancellation, according to the company. The shares were down 54.68% at 3.10 pence. A June 19 shareholder vote is planned; if approved, last trading day is July 17 and cancellation July 20. Nanoco expects £0.7m more annual savings to extend its cash runway toward medium-term break-even.

NANO Nuclear said it acquired Secured Transportation Services for $13 million, shifting from a pre-revenue developer to a revenue-generating business with in-house secure transport for nuclear materials. Secured Transportation Services reported about $1.3 million profit in the 12 months ended Dec. 31, 2025. NANO also cited progress on its Kronos Illinois microreactor permit. Shares rose 13% to $29.98.

BioNTech (NASDAQ:BNTX) halted a mid-stage trial of its mRNA cancer vaccine, autogene cevumeran, due to an overall survival imbalance. The decision raises concerns about its mRNA strategy in colorectal cancer and other 'cold' tumors. BioNTech plans to continue other trials, including one for pancreatic cancer and BNT113 for head and neck cancer. The company also focuses on diversifying its oncology pipeline. According to Reuters, the news caused a 7.5% drop in BioNTech's US-listed shares.

Volkswagen (VW) plans to produce components for Israel's Iron Dome missile defense system at its Osnabrück, Germany factory. The move is part of VW's restructuring efforts amid economic challenges and competition. The project involves a joint venture with Israeli defense company Rafael and the German state of Lower Saxony, aiming to overcome opposition from Qatar's sovereign wealth fund, a VW stakeholder. This marks VW's return to defense-related manufacturing as European defense spending rises.

Piper Sandler raised its price target for ExxonMobil (XOM) to $185, citing strong fundamentals, cost savings, and growth in Guyana. XOM's Q2 earnings beat expectations, with high free cash flow and shareholder returns. However, risks include exposure to Middle East conflicts and potential crude price normalization. XOM's stock has risen 30% in 2026, with a 16% upside implied by the new target.

Baker Hughes (BKR) secured a multi-year contract with Pakistan's OGDC to enhance production from mature oil and gas fields. The deal involves assessing 120 wells and providing tailored redevelopment plans. Baker Hughes aims to use AI and other technologies to improve flow assurance and restore production. The contract aligns with Baker Hughes' strategy to diversify revenue and reduce reliance on short-term drilling cycles, as evidenced by a 49% YoY increase in orders to $10.5 billion in Q2. Howe