Market-Moving News for April 2nd

Globalstar (GSAT) shares increased by 24% following reports that Amazon is in discussions to acquire the company. In contrast, Immunovant (IMVT) shares fell by 17% after the company announced that its Phase 3 clinical studies for batoclimab did not meet their primary endpoint. Additionally, Sky Quarry (SKYQ) shares rose by 36% due to the strategic importance of its Foreland Refinery, the only operating refinery in Nevada.