This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
MoonLake ($MLTX) Gets Clear FDA Path for Key Skin Drug
MoonLake Immunotherapeutics ($MLTX), a biotech company focused on inflammatory diseases, said it received encouraging feedback from the U.S. FDA that supports a clear path toward approval for its lead drug, sonelokimab, in hidradenitis suppurativa (HS), a painful chronic skin condition.
According to the company, after a formal Type B meeting with the FDA, regulators indicated that MoonLake can move forward with a Biologics License Application (BLA) using data it already has, without running new HS trials. The FDA said results from MoonLake’s three existing studies — MIRA, VELA-1, and VELA-2 — can together be enough to show that the drug works, while also helping regulators assess safety.
In simple terms, this means MoonLake does not need to spend more time or money running additional large trials in HS before filing for approval. The company said it is now on track to submit the BLA in the second half of 2026.
Sonelokimab has shown consistent benefits across more than 1,000 patients in studies, helping reduce disease severity while maintaining a safety profile similar to earlier trials. If approved, the drug could address a major unmet need, as there are limited effective treatment options for HS today.
MoonLake also announced it will host an Investor Day in February 2026, where it plans to go into more detail on the FDA feedback and share new data across HS and other inflammatory conditions.
Stock Price Reaction:
$MLTX shares jumped about 28% on the announcement, as investors reacted positively to the clearer and less risky regulatory path toward potential approval.
Google ($GOOGL) and Apple ($AAPL) Team Up on AI Models
Apple and Google announced a new multi-year collaboration focused on artificial intelligence, with future Apple Foundation Models set to be based on Google’s Gemini AI models and cloud technology.
According to the joint statement, Apple chose Google’s AI after evaluating multiple options and concluded that Gemini provides the strongest base for powering next-generation features. These models will help support upcoming Apple Intelligence capabilities, including a more personalized version of Siri expected later this year.
Apple emphasized that Apple Intelligence will continue to run primarily on Apple devices and through its own Private Cloud Compute system, keeping its existing privacy standards in place. In short, Google provides the AI backbone, while Apple controls how the technology is deployed inside its ecosystem.
The partnership highlights how major tech companies are increasingly collaborating behind the scenes as AI becomes more complex, expensive, and infrastructure-heavy.
Stock Price Reaction:
Both $AAPL and $GOOGL shares moved slightly higher following the announcement, closing modestly in the green, with no major market reaction tied specifically to the news.
Energy Fuels ($UUUU) Expands U.S. Rare Earth Processing at Lower Cost Than Expected
Energy Fuels ($UUUU), a U.S.-based producer of uranium and rare earth materials, said a new feasibility study shows its planned expansion at the White Mesa Mill in Utah will cost less and generate more profit than previously expected.
According to the company, the Phase 2 expansion would allow Energy Fuels to process up to 6,000 tonnes per year of neodymium-praseodymium (NdPr), along with smaller but critical amounts of dysprosium and terbium — key materials used in electric vehicles, defense systems, and advanced electronics. The company said these heavy rare earths are among the hardest to source outside China.
Energy Fuels said the total capital cost for the expansion is now estimated at $410 million, lower than earlier estimates. Based on current assumptions, the company expects average annual EBITDA of about $311 million from the expansion alone over its first 15 years of operation.
According to the company, production costs are expected to be among the lowest globally, even compared with Chinese producers. Energy Fuels said this positions it to become one of the most competitive rare earth processors in the Western world.
The company also said the expansion could eventually supply a large share of U.S. rare earth demand, including all U.S. demand for heavy rare earths like dysprosium and terbium by the end of the decade, based on industry forecasts.
Energy Fuels expects to receive regulatory approval by mid-2027, with construction and commissioning targeted for 2029, according to the company.
Stock Price Reaction
$UUUU shares moved 7% higher following the announcement.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
