Company News for Jan 2, 2026

• Nike, Inc. (NKE) shares rose 4.1% after CEO Elliott Hill revealed a recent purchase of roughly $1 million in company shares.
• Corcept Therapeutics Incorporated (CORT) shares plunged 50.4% after the U.S. Food and Drug Administration declined to approve its hypercortisolism drug relacorilant.
• Taiwan Semiconductor Manufacturing Company Limited (TSM) rose 1.4% after NVIDIA Corporation (NVDA) asked the chipmaker to boost H200 production amid strong Chinese demand projected for 2026, as mentioned by Reuters.
• Microsoft Corporation (MSFT) shares fell 0.8% as technology stocks lagged the broader market during the session.

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This article originally published on Zacks Investment Research (zacks.com).

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