October 02, 2023 at 4:40 pm

Birkenstock Targets $10 Billion Mark for Wall Street Debut

The renowned German shoe brand, Birkenstock, backed by L Catterton, a private-equity heavyweight, is setting its sights on an approximate valuation of $10 billion as it preps for its U.S. initial public offering (IPO). According to a recent disclosure to the U.S. Securities and Exchange Commission, both the firm and its shareholders intend to offload… [Read More]
October 02, 2023 at 4:34 pm

Next-Gen Bipolar Disorder Treatment Progressing, Says Alzamend

Clinical stage biopharmaceutical company, Alzamend Neuro (Nasdaq: ALZN), has received a “Study May Proceed” letter from the FDA for a Phase IIA clinical study of AL001 for Bipolar Disorder (BD) type 1. Alzamend previously completed a Phase IIA study of AL001 as a treatment for Alzheimer’s disease and identified a candidate dose that is unlikely… [Read More]
October 02, 2023 at 1:32 pm

Sam Bankman-Fried, the mastermind behind the crypto giant FTX, faces a reckoning.

Sam Bankman-Fried, founder of the crypto firm FTX, leaving federal court in Manhattan in February. He is going on trial on charges of fraud and money laundering.Hiroko Masuike/The New York Times In this high-stakes courtroom drama, Sam Bankman-Fried, the mastermind behind the crypto giant FTX, faces a reckoning. Amidst fraud allegations, he steps into the… [Read More]
October 02, 2023 at 10:38 am

Market Update: Bond Yields on the Rise

Headlines: Bond Movement: 10-year Treasury yields increase to 4.64% amid anticipation for insights from Federal Reserve Chief Jerome Powell on rate direction. Equity Fluctuations: The S&P 500 shows downward trend post Tesla’s (TSLA) Q3 delivery and production shortfalls, causing its stock to drop by 1.8%. Government Actions: A recent agreement to avert a U.S. government… [Read More]
September 29, 2023 at 2:30 pm

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

— Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — Stock in the electric vehicle company added more than 2% in midday trading… [Read More]
September 29, 2023 at 10:25 am

Markets Update: Inflation Concerns Ease, Boosting Stocks and Bonds

US stocks experienced a lift on the final trading day of the quarter. This upward movement was further propelled as Treasury yields dipped, following a more subdued inflation rate revealed by the Federal Reserve’s favored metric. Specifically, the S&P 500 surged by 0.7%, and the Nasdaq 100 saw a 1% increment. Two-year Treasury yields, which… [Read More]
September 29, 2023 at 9:58 am

BioStem Technologies Takes on Diabetic Foot Ulcers with Innovative Wound Care Product

BioStem Technologies (OTC: BSEM) has received Investigational Review Board (IRB) approval for a clinical studythat will investigate the utilization and effects of its VendajeⓇ wound care product in diabetic foot ulcers. Jason Matuszewski, Chief Executive Officer of BioStem, said, “We have already demonstrated scientifically that our process and product is exceptional. This study will enhance… [Read More]
September 29, 2023 at 9:20 am

Bionomics Reports Positive Topline Data in PTSD Study, Shares Soar 249%

Bionomics Limited’s (Nasdaq: BNOX) Phase 2b study evaluating BNC210 in post-traumatic stress disorder (PTSD) has garnered positive topline results, sending the company’s share price soaring by 249% in intraday trading on Thursday. PTSD affects around 5% of all Americans and is characterized by  intense, disturbing thoughts, sadness, fear, or anger following a traumatic event. Spyros… [Read More]