First Wave BioPharma Receives Neutral Rating from H.C. Wainwright
===============
#3b7e1f05 ver:0.05
Cerevel Therapeutics, a company focused on treating neuroscience diseases, reported its financial results for the third quarter of 2023. The company highlighted its broad neuroscience pipeline and upcoming data readouts in 2024. Cerevel is conducting Phase 2 trials for emraclidine in schizophrenia and a Phase 1 trial for Alzheimer's disease psychosis. They are also conducting a Phase 2 trial for tavapadon in Parkinson's disease. The company's cash reserves are expected to support all planned data readouts in 2024 and fund operations until 2026 .
Vistagen Therapeutics provided updates on its clinical programs and financial status during its fiscal year 2024 third quarter financial results call. The company announced the upcoming initiation of Phase 3 trials for its lead program, fasedienol...
#newstr #CerevelTherapeutics #VistagenTherapeutics #CoherusBiosciences #HarrowHealth #FirstWaveBiopharma #HcWainwright #Immunogenx #GastrointestinalTreatments #Latiglutenase #CeliacDisease #Phase3Trials #Fda #CapitalRaise #FinancialResults #StockPerformance
HSBC Upgrades Petrobras Stock on Valuation Opportunity, Standard Chartered Announces Share Buyback
===============
#8f09dd2d ver:0.31
HSBC Holdings reported a fourth-quarter loss of $153 million, a significant downturn from the $4.38 billion profit recorded a year earlier. This loss was primarily due to a $3.0 billion impairment related to its investment in the Bank of Communications. The quarterly pretax profit also declined to $977 million from the previous year's $5.05 billion, missing the consensus estimate of $4.55 billion. Additionally, net interest income decreased to $8.28 billion from $8.99 billion, falling short of the expected $9.03 billion. Despite the financial setback, HSBC announced a new $2.0 billion share buyback program, aiming to complete it by the announcement of its first-quarter 2024 results.
Standard Chartered PLC reported a pre-tax profit of $5.09 billion for 2023, an 18% increase from the previ...
#newstr #Hsbc #StandardChartered #Petrobras #StockUpgrade #FinancialPerformance #ShareBuybacks
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/fb2c9983-fdbc-4b23-0c87-905e0c285600/screenshot
Positive Results from Phase 3 Trial of AXS-12 in Narcolepsy Treatment
===============
#0a721bdb ver:0.1
Amylyx Pharmaceuticals' ALS drug, Relyvrio, has failed in a Phase III trial, showing no efficacy against the primary and secondary endpoints. The drug, a combination of sodium phenylbutyrate and taurursodiol, had previously been approved by the FDA in September 2022 after a second advisory committee meeting. Patient advocacy groups played a role in pressuring the FDA to reverse its initial decision. The drug had a good safety profile but did not provide any therapeutic benefit to ALS patients. Amylyx will announce its plans for the drug in the coming weeks. The failure of Relyvrio highlights the importance of efficacy and safety in drug approvals, even in the face of unmet medical need .
In other news, Axsome Therapeutics announced positive results from its Phase 3 SYMPHONY trial, showing...
#newstr #Als #Relyvrio #AmylyxPharmaceuticals #PhaseIiiTrial #Axs12 #Narcolepsy #SymphonyTrial #Cataplexy #ExcessiveDaytimeSleepiness #CognitiveFunction #AdverseEvents #OrphanDrugDesignation #Patents
ProKidney Expands Executive Team to Advance Phase 3 Clinical Program
===============
#487e5f34 ver:0.07
KLA Corporation, a leading provider of process control solutions for the semiconductor industry, announced its Q1 2024 earnings results during a conference call and webcast. The company reported strong financial performance for the September quarter, with $2.4 billion in revenue and a non-GAAP diluted EPS of $5.74. CEO Rick Wallace highlighted the strength and relevance of KLA's process control portfolio and emphasized the continued growth of its service business. CFO Bren Higgins provided financial highlights and guidance for the December quarter, projecting total revenue of $2.45 billion and a non-GAAP gross margin of 61.5%. KLA also shared its outlook for the wafer fab equipment market, expecting a decline of approximately 16% in 2023. The company remains committed to driving differenti...
#newstr #KlaCorporation #Klarna #Skf #KornitDigital #Kroger #Prokidney #FinancialPerformance #StrategicShifts #ExecutiveTeam #Phase3ClinicalProgram
Ennis Inc. Announces Quarterly Dividend of $0.25 per Share, Kiwi Property, McRae Industries, MAA, NiSource, Commercial Metals, and Lowe's Also Declare Dividends
===============
#7fe2496a ver:0.21
The New Zealand-based company Kiwi Property has announced that it will pay a third quarter cash dividend of 1.425 cents per share, with imputation credits of 0.327 cents per share attached. Non-resident shareholders will receive a supplementary dividend of 0.148 cents per share. The record date for the dividend is March 15, 2024, and the payment date is March 22, 2024. It is worth noting that the dividend reinvestment plan will not be in operation for this dividend. Kiwi Property is listed on the NZX and is part of the S&P/NZX 20 Index.
This announcement comes after the New Zealand share market closed in positive territory for the year, with the index gaining 0.2% year-to-date. The market experienced a late rise, with the index closing at 11,496.61, up 33.12 points or 0.29%. The positive ...
#newstr #KiwiProperty #McraeIndustries #Maa #Nisource #CommercialMetals #Lowe's #EnnisInc #Dividend #BusinessForms #BusinessProducts #Shareholders
Zoom Workplace Now Available in AWS Marketplace, Strengthening Collaboration and Simplifying Procurement
===============
#ad313656 ver:0.13
Amazon has introduced 65 new controls and rule sets to its AWS Control Tower system, aimed at managing digital sovereignty concerns and enhancing data security. The new features allow users to comply with complex regulatory and security requirements in a more programmatic way. Users now have the ability to mandate specific Nitro instance types for EC2 hosts and exercise finer control over the storage and transmission of their data. These updates are part of Amazon's ongoing efforts to fulfill its 'AWS Digital Sovereignty Pledge' made last year, which aims to offer the most advanced set of sovereignty controls and features in the cloud. The company recognizes the rapid growth and complexity of compliance and security requirements, which pose challenges for leveraging cloud technology. By pr...
#newstr #Amazon #Cisco #Microsoft #Zextras #ZoomVideoCommunications #AwsMarketplace #CollaborationPlatform #Meetings #TeamChat #Phone #Whiteboard #Spaces #ZoomContactCenter #RevenueAccelerator #AwsServices #DataProtection #DeveloperPlatform #AwsAppfabric
Chemours and Technip Energies Secure DOE Grants for Clean Energy Projects
===============
#9a99f8c4 ver:0.18
Chemours, a global leader in chemical solutions, has been awarded $60 million in grants from the U.S. Department of Energy (DOE) to develop advanced membrane technology for proton exchange membrane (PEM) water electrolysis. The funds are part of the Bipartisan Infrastructure Law and will also support the establishment of a consortium focused on the circularity of clean hydrogen materials. Chemours plans to utilize its expertise to innovate a durable, high-performance Nafion™ membrane that will enhance the efficiency of PEM electrolyzer stacks. Additionally, the company will participate in H2CIRC, a consortium targeting the sustainable recovery and recycling of materials from fuel cells and electrolyzers. The DOE grants are part of a $750 million funding initiative aimed at advancing hydrog...
#newstr #Chemours #TechnipEnergies #Lanzatech #DoeGrants #CleanEnergyProjects #Hydrogen #EthyleneProduction #CarbonDioxide #SecureProject
Nkarta Announces Pricing for $240 Million Stock Offering
===============
#0319bdb7 ver:0.05
In the world of finance, there are numerous investment opportunities available through securities offerings. Financial institutions like BofA Finance LLC, Citigroup Inc., Morgan Stanley Finance LLC, UBS AG, and FSK provide various investment options for investors.
BofA Finance LLC has released an amended and restated pricing supplement for their securities, providing updated information on fee-based advisory accounts, public offering price, principal amount of Notes, Contingent Coupon Payment, Observation Dates, Redemption Amount, Event of Default, and Underlyings such as NDX, RTY, and SPX .
Citigroup Inc. ensures a maximum return at maturity for their securities, which will be at least $235.00 per security, representing at least 23.50% of the stated principal amount .
Morgan Stanley Fi...
#newstr #Nkarta #StockOffering #Biopharmaceutical #CommonStock #Warrants #Proceeds #Research #ClinicalDevelopment #Manufacturing #CorporateSupport
European Stocks Drift Lower as Focus Remains on Interest Rates and Inflation
===============
#5e43e797 ver:0.05
European stocks mostly drifted lower as traders assess the outlook for interest rates and inflation. Danske Bank Research expects three interest-rate cuts from the European Central Bank this year, but recent data suggests a growing possibility of fewer cuts. Entain shares have fallen 20% year-to-date, and the absence of a permanent CEO creates a muted sentiment. Stock futures edged lower, while Treasury yields were roughly flat. The dollar rose and could stay high for now, but the prospects of forthcoming Fed rate cuts should cause the currency to fall in the second quarter. UBS Global Wealth Management said major currencies could continue to stick within recent ranges as central banks look set to cut interest rates. Citi Research expects sterling to weaken against the dollar due to the pr...
#newstr #InterestRates #Inflation #Stocks #Currencies #Oil #BaseMetals #Gold #Kingfisher #MtnGroup #DonaldTrump #GazaStrip #VladimirPutin #IslamicState
The United States Government Launches Legal Battle Against Big Tech
===============
#f6254fcc ver:0.07
In a recent article by Miguel Jiménez in EL PAÍS USA, it is reported that the United States government has initiated a legal battle against major technology companies, accusing them of monopolistic practices. Apple, Google, Amazon, Microsoft, and Meta are all facing scrutiny. The Biden administration has filed a lawsuit against Apple, alleging that the company has illegally built a monopoly with the iPhone. Additionally, the government is targeting Google on two fronts, accusing the company of abusing its monopoly power in the search engine market and the digital advertising market. The Federal Trade Commission (FTC) has also sued Meta, claiming that it has reduced competition through its acquisitions of Instagram and WhatsApp. The European Union has already imposed multibillion-dollar san...
#newstr #BigTech #MonopolisticPractices #Lawsuit #Antitrust #ArtificialIntelligence
United Therapeutics Announces $1 Billion Stock Buyback Program
===============
#b64b0afe ver:0.59
US stocks wavered on March 4, 2024, as the stock market rally paused, with the S&P 500 ending its 16th weekly win in 18 weeks. The Dow Jones Industrial Average fell 0.2% and the Nasdaq Composite also slid slightly. Concerns about a building bubble in tech stocks, particularly Nvidia's rise to a $2 trillion valuation, have been raised. Bitcoin continued to rise, inching closer to a record high of $67,000. Federal Reserve Chair Jerome Powell's testimony and the monthly jobs report are expected to impact equity gains. EU antitrust regulators fined Apple almost $2 billion over App Store restrictions. Macy's stock jumped over 14% after receiving a higher buyout offer from Arkhouse and Brigade. Spirit stock plunged after the termination of its merger agreement with JetBlue. Ford stock rose more ...
#newstr #UnitedTherapeutics #StockBuyback #Biotechnology #AcceleratedShareRepurchase #Asr #Citibank #MartineRothblatt #TransplantableOrgans
US-South Africa Relationship Faces Scrutiny as Bill to Review Ties Gains Traction
===============
#479de6c5 ver:0.09
The United States and South Africa's bilateral relations are facing increased scrutiny as a bill calling for a review of the relationship gains traction in the US. The bill, introduced by Republican John James and Democrat Jared Moskowitz, requires President Joe Biden to publicly determine whether South Africa has engaged in activities that undermine US national security or foreign policy interests. The bill highlights concerns over South Africa's ties to Hamas, Russia, and China, as well as issues such as load shedding, Transnet's problems, and state capture .
The Wall Street Journal (WSJ) has published an editorial criticizing South Africa, stating that the country has been moving towards an anti-US axis for some time. The WSJ argues that Congress is right to put Pretoria on notice and ...
#newstr #UssouthAfricaRelationship #Bill #Review #Hamas #Russia #China #LoadShedding #Transnet #StateCapture #AfricanGrowthAndOpportunityAct #Agoa
Sales Tax Receipts Increase, Indicating Positive Economic Growth
===============
#7a7fe53c ver:0.04
Sales tax receipts in an undisclosed location have increased, according to an article in The Courier . Although specific numbers and dates are not provided, the increase in sales tax receipts is seen as a positive indicator for the economy. The article mentions that other signs are mixed, suggesting that the overall economic situation may be more nuanced. This increase in sales tax receipts aligns with the previous information that highlighted a rise in consumer spending and economic activity in the state . It further supports the notion that despite challenges faced by state economies, there are signs of resilience and growth. Monitoring revenue trends and implementing appropriate measures remain crucial for ensuring sustainable economic growth and stability ....
#newstr #SalesTax #EconomicGrowth #ConsumerSpending
Cleveland-Cliffs Secures $575 Million DOE Funding for Decarbonization Projects
===============
#e594a02e ver:0.34
The U.S. Department of Energy (DOE) is in talks to provide up to $575 million in funding to Cleveland-Cliffs Inc. for two decarbonization projects . The funding aims to reduce greenhouse gas emissions and enhance operational efficiencies. The Middletown Works in Ohio could receive up to $500 million to replace its blast furnace with a Hydrogen-Ready Direct Reduced Iron (DRI) plant and Electric Melting Furnaces. The Butler Works in Pennsylvania is slated for a grant of up to $75 million to replace reheat furnaces with Electrified Induction Slab Reheat Furnaces .
These projects are part of the government's broader efforts to support the transition to cleaner and more sustainable practices in heavy industries. By replacing traditional furnaces with more efficient and environmentally friendly...
#newstr #Clevelandcliffs #DoeFunding #Decarbonization #GreenhouseGasEmissions #MiddletownWorks #ButlerWorks #HydrogenreadyDirectReducedIron #ElectricMeltingFurnaces #ReheatFurnaces #JobPreservation #JobCreation #CapitalOutlay #UsSenatorSherrodBrown #Manufacturing #Innovation
Coforge and eGain Introduce AI-Based Solutions for Customer Service Automation
===============
#2ed6e470 ver:0.05
Coforge Limited and eGain Corporation have launched AI-based solutions for customer service automation. Coforge has introduced Coforge Orion, an autonomous self-service solution that automates outbound and inbound calls, engages customers, provides intelligent responses, and autonomously takes necessary actions. The platform utilizes advanced AI to have personalized conversations with each customer, supporting sales and customer service. On the other hand, eGain has unveiled AssistGPT, a generative AI service designed for Contact Center as a Service (CCaaS) platforms. The service aims to streamline the knowledge management lifecycle through a zero-code solution and is accessible through leading CCaaS providers' marketplaces. Early adopters of AssistGPT have reported a fivefold increase in ...
#newstr #Coforge #Egain #CustomerServiceAutomation #Ai #ContactCenterAsAService #Ccaas #KnowledgeManagement #EnterpriseConnect2024
HSBC Joins Bank of America and UBS in Raising Year-End Target for S&P 500 to 5,400
===============
#409962b2 ver:0.45
HSBC has raised its year-end target for the S&P 500 to 5,400, joining Bank of America and UBS in predicting a strong finish for the index in 2024. The revised target reflects HSBC's optimism about a soft-landing for the U.S. economy. HSBC cites better earnings expectations, resilient GDP growth, recent earnings beats, and positive sentiment from corporates as factors contributing to their revised forecast. They also note that the second half of 2024 may be more volatile due to U.S. elections, elevated earnings expectations, and a shifting narrative on interest rate cuts. However, under HSBC's bear-case scenario, they expect a year-end target of 4,800 if economic data continues to run hot. With this update, HSBC joins Bank of America Global Research and UBS in forecasting the S&P 500 to end...
#newstr #S&p500 #Hsbc #BankOfAmerica #Ubs #StockMarket #EconomicOutlook
Midwest and North Dakota Economies Continue to Struggle, Rural Mainstreet Index Hits Lowest Level Since June 2020
===============
#1594d43a ver:0.14
The economic outlook in the Midwest and North Dakota continues to slump, according to recent surveys. The Creighton University survey of economic conditions in the 10-state Midwest and Plains region revealed a fifth consecutive month of decline. The overall index for the Rural Mainstreet survey in January was 48.1, up from 41.7 in December but still below the growth neutral level. The survey highlighted higher interest rates, weaker agriculture commodity prices, and a credit squeeze as major factors negatively impacting Rural Mainstreet businesses and farmers. Rural bankers expressed a 'very pessimistic' outlook on economic growth in the next six months. However, North Dakota's outlook was somewhat brighter, with the state's index for January climbing to 64.3 from 52.3 in December. The sta...
#newstr #Midwest #NorthDakota #RuralMainstreet #Economy #BusinessConditions #Employment #JobMarket #Inflation #FederalReserve #Wisconsin
America's Lithium Regulations Hamper Domestic Production and Compete with China's Control
===============
#38b8693e ver:0.11
Latin America's lithium industry is experiencing a mining boom, driven by the global demand for electric vehicles and energy storage . Countries like Chile, Argentina, and Bolivia have vast reserves of lithium and are attracting significant investments to become major players in the market . International companies from China, Australia, and North America are playing a pivotal role in developing Latin America's lithium sector . However, this boom also raises concerns about the environment, social impact on local communities, and geopolitical implications . Latin American nations must navigate this complex landscape to ensure sustainable development and benefit local communities .
To build a sustainable lithium industry, strict environmental regulations and responsible mining practices are...
#newstr #Lithium #LatinAmerica #Argentina #Chile #Bolivia #China #UnitedStates #Regulations #Mining
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/954d5bf5-7961-4b3f-0aa1-896ba51c6e00/public