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]
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]
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]
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]
People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City.Spencer Platt | Getty Images Check out the companies making headlines before the bell: Rivian Automotive — Shares popped 3.3% in the premarket. Evercore ISI upgraded Rivian Automotive to outperform from in line,… [Read 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]
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]
Ah, coffee! As we celebrate National Coffee Day, whether you prefer a classic black, frothy cappuccino, trendy cold brew, or the basic pumpkin spice latte (it’s that time of year, Brittany!), there is no denying the allure of a perfectly crafted cup of joe. In today’s unpredictable markets, our daily caffeine jolt seems even more… [Read More]
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]
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]