CEO Mark Mason said this is the first step in implementing a new strategic plan that is expected to bring in a return to profitability for the bank on a consolidated basis early next year.
CBAK Energy said the total value of the orders stood at approximately between RMB 200 million and RMB 250 million, or around $30 million to $35 million.
The merger announced in Jun. 2023 involved UnitedHealth’s Optum unit buying Amedysis for $100 per share in cash, a 26% premium over the latter’s then-prevailing stock price.
Chicago-based Exicure said it intends to receive technology transfer for GPCR Therapeutics’ CXCR4 inhibitor, along with its related patents and intellectual property.
Despite their stock price struggles, these companies have captivated retail investors with groundbreaking therapies and promising clinical developments.
The market now looks forward to the Jan. 7-10 Consumer Electronics Show in Las Vegas, where SoundHound AI will showcase its first-of-its-kind voice AI for automotive.
A report said Microsoft has put forward conditions for converting OpenAI from a non-profit to a for-profit corporation, which Altman has been striving for.
Stocks like Tesla, Honda, and Faraday Future saw massive spikes in message volume on Stocktwits, driven by major announcements, financial challenges, and fears of regulatory shifts.
This comes after WiSA announced plans to rebrand as a Web 3.0 company called Datavault Inc. after gaining stockholder approval for acquiring Data Vault Holdings' intellectual property.
Although Richtech Robotics, Vast Renewables, and Volato Group gained significant watchlist count in a year, the stocks have posted negative returns year-to-date.
From Tonix Pharmaceuticals’ progress on fibromyalgia treatments to Nvidia-backed Recursion Pharmaceuticals, these stocks sparked significant message volume growth on Stocktwits.
The board appointed Julien Lederman as interim CEO following Yoav Stern's termination as chief executive after he was not re-elected as a director at the company’s 2024 annual general meeting of shareholders on December 6.
Fair Trade Commission Vice Chairman Chen Chih-min reportedly said at a briefing in Taipei that Uber Eats' main competition comes from Foodpanda and that their combined market share would be over 90%.
Volato Group had received a warning letter under Section 1009(a) of the NYSE American Company Guide describing the firm’s failure to comply with sections 301 and 713.
According to a Reuters report, the groups stated the lawsuit "seeks to resolve longstanding legal violations by subjecting the stress test process to public input as required by federal law.”
Nano Nuclear acquired the assets for $8.5 million in cash through an auction process under Section 363 of the U.S. Bankruptcy Code in connection with USNC’s pending Chapter 11 bankruptcy proceedings.
BBC News cited the US Federal Aviation Administration saying there has been a "nationwide groundstop for American Airlines,” but later reported that it has been canceled.
The data center operator plans to deploy clusters of Nvidia H100 and H200 GPUs to enhance its artificial intelligence and high-performance computing infrastructure.
The lawsuit specifically targets VMware’s vSphere virtualization platform, which Netflix alleges infringes on its patents related to virtual-machine communications.
The firm expects total realized performance revenues and total realized principal investment income to exceed $775 million. The estimate comprises approximately 95% realized performance revenues, and approximately 5% realized principal investment income.
Rigetti emphasized the computer's dramatically reduced error rates and advanced cooling technology, designed to improve quantum computation reliability.
The OCC order requires the lender to take comprehensive corrective actions to enhance its BSA/anti-money laundering (AML) and sanctions compliance programs.
The broader market’s interest in Alzheimer’s therapies remains intense, particularly after Cassava Sciences reported disappointing results for its candidate simufilam last month.
The timelines for the contracts span from February 2025 to September 2029, with an additional five-year option period that could extend a contract through Sept. 30, 2034.
Vermilion Energy said the acquisition enhances the depth and quality of its Deep Basin inventory and complements its high-growth, liquids-rich Montney asset. The firm also believes the acquisition will make it the fifth-largest Deep Basin producer.
Last week's Bitcoin buy of 5,262 BTC is MicroStrategy’s smallest haul in the last seven weeks, far below the record-breaking acquisition of over 55,000 BTC on Nov. 24.
The company will install up to 2 megawatts of its KARNO generators in collaboration with oil and gas partners. The project has $8.4 million in federal and non-federal funding.
Under the terms of the agreement, an affiliate of Fiserv will acquire all of the issued and outstanding common shares of Payfare for C$4 (US$2.77) in cash per share for a total consideration of approximately C$201.5 million (US$139.71).
Palantir and Anduril reportedly plan to announce in January that they have reached agreements with tech companies such as SpaceX, OpenAI, autonomous shipbuilder Saronic and AI data group Scale AI.
Carson Group's Ryan Detrick said, “With stocks extremely oversold going into this historically strong time of year, we’d expect to see a bounce to close out a solid year for investors in 2024.”
