Terns Pharmaceuticals' stock rose 27% after reporting successful early-stage trial results for its oral obesity drug, TERN-601, which showed a weight loss of 4.9%.

Google improves its AI chatbot Gemini's people-generation feature with more safeguards, making it available to paying subscribers for feedback before a general release.

Cisco Systems plans to lay off 7% of its workforce, amounting to approximately 5,900 employees, as part of a restructuring strategy focused on growth areas such as AI and cloud services.