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MT newswire2026/09/16 18:53
02:53 PM EDT, 09/16/2026 (MT Newswires) -- J.B. Hunt Transport Services (JBHT) expects earnings to fall 5% to 10% sequentially in Q3, Chief Financial Officer Brad Delco said Tuesday on a conference call. The company faced "one of the most acute changes in the cost of purchased transportation," with intra-quarter spot rates rising 30%, Delco said. Shares slumped 13% as intraday trading volume catapulted to over 3.33 million from a daily average of about 949,000. Xenetic Biosciences (XBIO) has entered into a definitive agreement to acquire all outstanding shares of Santersus in an all-stock transaction. The combined company is expected to continue trading on the Nasdaq Capital Market as Santersus Bio under a new ticker symbol, "SNTS." Shares sank 50% as intraday trading volume soared to over 1.32 million from the stock's daily average of roughly 41,000. Price: 238.97, Change: -34.09, Percent Change: -12.48
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