The Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake Purchase Licensing Rights, opens new tab
Oct 6 (Reuters) - Eli Lilly
(LLY.N), opens new tab will invest more than $1 billion in India in the coming years to boost manufacturing and supply through local drugmakers, the company said on Monday, as it seeks to tap into skilled workforce to bolster its global manufacturing expansion.
The collaborations aim to increase the availability of Lilly's key drugs, including those for obesity, diabetes, Alzheimer's, cancer and autoimmune conditions, the company said.
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"We are making significant investments to increase manufacturing and medicine supply capacity around the world," Patrik Jonsson, president of Lilly International, said, adding, India is a hub for capability building within its global network.
The company, which launched its blockbuster weight-loss drug Mounjaro in India this year, currently does not operate its own manufacturing facility in the country, which hosts several firms that develop and manufacture complex drugs, vials, injectables for larger pharmaceuticals on a contract basis.
"Lilly is actively engaging with contract manufacturers in India," the company told Reuters, but did not divulge any further details.
Lilly's investment plans in India come at a time when global drugmakers are rushing to bolster U.S. manufacturing capacity after the Trump administration imposed a 100% tariff on imported branded and patented drugs from October 1.
Last month, Lilly announced a $5 billion investment in a new facility in Virginia, part of a $27 billion expansion plan to build four new U.S. plants over the next five years.
Meanwhile, the India launch of Mounjaro, alongside Danish drugmaker Novo Nordisk's
(NOVOb.CO), opens new tab Wegovy, has increased patient awareness of obesity treatments in a country projected to have the world's second-largest obese population by 2050.
Sales of both drugs doubled within months of their launch.
Lilly is also preparing for increased competition from India's generic drugmakers, who are racing to launch cheaper versions of Wegovy once its main chemical ingredient, semaglutide, goes off patent next year.
Separately, Lilly is setting up a manufacturing and quality facility in the southern Indian city of Hyderabad to expand its presence beyond the city's global capability center.
The new hub will oversee the firm's contract manufacturing network across India and provide technical capabilities.
Recruitment for the new site "will begin immediately", Lilly said, with plans to hire engineers, chemists, analytical scientists, quality control and assurance experts and managers.
Reporting by Rishika Sadam; Editing by Sumana Nandy
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-06 07:502mo ago
2025-10-06 03:152mo ago
Questcorp Mining Provides Update on Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") announces that it has revised the terms of its previously announced non-brokered private placement (the "Offering"). The Company will now offer up to 7,500,000 units (each, an "AI Unit") at a price of $0.20 per AI Unit for gross proceeds of up to $1,500,000 pursuant to the accredited investor exemption (the "Accredited Investor Exemption") under Section 2.3 of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106").
2025-10-06 07:502mo ago
2025-10-06 03:152mo ago
Defence Therapeutics to Attend CPHI Worldwide in Frankfurt, October 28-30, 2025
October 06, 2025 3:15 AM EDT | Source: Defence Therapeutics Inc.
Montreal, Quebec--(Newsfile Corp. - October 6, 2025) - Defence Therapeutics Inc. (CSE: DTC) (FSE: DTC) (OTCQB: DTCFF) ("Defence" or the "Company"), a leading biotechnology company specialized in drug delivery technologies, is pleased to announce its participation at CPHI Worldwide 2025, taking place in Frankfurt, Germany from October 28-30, 2025.
At this premier gathering and global trade fair of pharmaceutical leaders, Defence looks forward to engaging with potential partners across the biopharma value chain and with the global pharma community, learning about the latest trends in pharmaceutical manufacturing, and connecting with its international collaborators and shareholders.
In addition to its conference participation, Defence warmly invites attendees, partners, and shareholders in the region to join its leadership team for an informal Meet & Greet on Wednesday, October 29 from 4:30-6:30 PM at the American May lobby bar of the Kimpton Hotel in Frankfurt. This networking event will provide an opportunity to meet the team, exchange insights, and explore partnership opportunities in a relaxed setting.
Interested in meeting our team? Reach out through the CPHI conference partnering platform or connect with our leaders who will be at the meeting via LinkedIn: Amie Phinney, Strategy and Business Advisory, Mark Lambermon, Head of Quality and Operations (our in-house German speaker!) or Sebastien Plouffe, CEO. And of course, don't hesitate to just drop-by the Meet & Greet event.
About CPHI:
CPHI (www.cphi.com) is a leading global pharmaceutical trade show and networking platform, bringing together tens of thousands of industry professionals from more than 160 countries. In the 2025 edition in Frankfurt, over 62,000 visitors and around 2,400 exhibiting companies are expected, with more than 180 international speakers featured.
About Defence:
Defence Therapeutics is a publicly-traded clinical-stage biotechnology company developing and engineering the next generation of ADC products using its proprietary platform. The core of Defence Therapeutics platform is the ACCUM® technology, which enables precision delivery of ADCs in their intact form to target cells. As a result, increased efficacy and potency can be reached against cancer.
Cautionary Statement Regarding "Forward-Looking" Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the CSE nor its market regulator, as that term is defined in the policies of the CSE, accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269108
2025-10-06 07:502mo ago
2025-10-06 03:172mo ago
Truecaller announces adVantage: an AI-Platform driving smarter segmentation and higher performance
, /PRNewswire/ -- Truecaller, the world's leading communications platform, today unveiled adVantage, an AI-powered recommendation engine that redefines how businesses engage users in high-attention communication moments. adVantage leverages a centralized intelligence hub that continuously learns from user interactions, refining its outputs to foster deeper engagement and stronger business outcomes. It can work across Business Messaging, contextual advertising and various other enterprise-grade solutions, empowering brands to deliver the right message with precision and impact.
AI that delivers precision and results
adVantage is powered by a unique, daily stream of insights from Truecaller's vast ecosystem. By harnessing real-time behavioral intelligence and advanced recommendation models, it delivers personalized, privacy-safe experiences with data that is anonymized and aggregated, ensuring that every ad or offer is far more relevant.
For consumers, this means greater trust and relevance, as they engage only with communications that matter to them. For businesses, adVantage is an AI-powered advisor, helping reach the right audiences, unlocks new revenue opportunities and uncovers actionable insights that sharpen day-to-day decision-making. The outcome is a smarter, more effective way to align customer engagement with business growth.
Speaking on the launch, Rishit Jhunjhunwala, Global CEO of Truecaller, said, "In a world moving away from broad targeting, relevance is the new currency. adVantage is our answer to the market's need for smarter, privacy-compliant personalization. It's not just about reaching users, it's about understanding their unique needs and providing value through every interaction.This framework is a core pillar of our strategy: to build scalable internal growth engines and redefine how businesses create value."
After a successful testing phase within Truecaller's ads business, where it consistently delivered higher engagement and stronger ROI benchmarks, adVantage is now being rolled out for additional use cases. One such vertical is Truecaller's business messaging platform, which saw open rates jump by 400% during initial testing.
The three modules of adVantage: Discover, Engage, and Perform, adjust automatically, making it simpler to reach the right users, keep them interested, and drive results.
Discover: Expands your reach by finding new, relevant audience segments and increasing your visibility across the Truecaller platform.
Engage: Boosts mid-funnel performance by re-targeting users who have shown interest and guides them toward a purchase.
Perform: AI optimization drives key outcomes like lead generation, app installs, and direct commerce transactions. You get tangible business results - automatically.
Proven impact from the start
In its pilot phase, the framework delivered impressive results for clients, driving up to a 50% lift in click-through rates and reaching over 200 million users. Performance gains were particularly strong across high-intent sectors such as automotive, fintech, edtech, and e-commerce. By combining precision-led audience discovery with AI-driven insights, these campaigns successfully converted brand awareness into measurable business outcomes consistently surpassing internal benchmarks.
"At its core, Truecaller adVantage is about giving businesses a real edge," said Liniker Seixas, adVantage Lead at Truecaller. "We've built a sophisticated platform powered by multiple AI models working in concert to continuously learn and improve. This empowers businesses to dynamically optimize decision-making, enhance efficiency, and drive stronger outcomes, ensuring every investment delivers greater impact"
adVantage will serve as a cornerstone for our partners' growth strategies. By harnessing Truecaller's powerful ecosystem and intelligence, businesses can unlock greater value across their customer journeys whether that means reaching the right audience, strengthening engagement, or accelerating conversions.
For more information. please contact:
Andreas Frid. Head of IR & Communication
+46 705 29 08 00
[email protected]
About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com.
This information was brought to you by Cision http://news.cision.com
GÖTEBORG, SE / ACCESS Newswire / October 6, 2025 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) - Collaboration highlights how Smart Eye's driver monitoring and cabin sensing software combines with Sony's new RGB-IR image sensor to advance safety, comfort, and secure in-vehicle authentication. Gothenburg, Sweden - October 6, 2025 - Smart Eye AB, the global leader in Interior Sensing AI and Driver Monitoring Systems (DMS), today announced a collaboration with Sony Semiconductor Solutions Corporation (Sony) to integrate Smart Eye's interior sensing and biometric authentication software with Sony's newly released IMX775 RGB-IR image sensor.
2025-10-06 07:502mo ago
2025-10-06 03:222mo ago
Sequence Commerce Recognized with Multiple Clutch Awards for Excellence in Amazon Advertising and Ecommerce Marketing
TORONTO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Sequence Commerce, a top Amazon advertising and ecommerce growth agency, today announced its recognition across 8 categories in Clutch’s 2025 awards program.
The awards span Amazon advertising, PPC management, ecommerce marketing, and conversion optimization, underscoring the firm’s position as one of the leading partners for brands navigating Amazon and marketplace ecosystems.
Clutch, the leading global marketplace of B2B service providers, evaluates agencies based on verified client reviews, demonstrated expertise, and measurable results. With over one million business leaders using Clutch monthly to find trusted partners, its recognition serves as a benchmark for top-tier performance.
“This recognition is a testament to our team, who live and breathe Amazon advertising every day,” said Alex Kung, CEO of Sequence Commerce. “Managing millions in ad spend across Amazon’s complex ecosystem requires more than campaign tactics. It demands mastery of algorithm shifts, policy updates, and seasonality. Our team has built that expertise, and it shows in the consistent results we deliver.”
Sequence Commerce brings together the best advertising specialists, marketplace strategists, analysts, and creative teams managing over $100 million in annual ad spend. From scaling emerging DTC brands to accelerating global household names, the agency partners with high-growth companies to drive profitable marketplace performance.
“What makes these awards meaningful is that they’re based on client outcomes,” added Jake Gilbert, Chief Revenue Officer of Sequence Commerce. “Our team becomes an extension of our clients’ businesses - whether it’s troubleshooting a ranking drop overnight or uncovering international opportunities, they go above and beyond. These recognitions reflect that trust and commitment.”
With offices in Toronto, New York, Los Angeles, London, and India, Sequence Commerce operates as a global growth partner. The agency’s methodologies have helped brands reduce ACoS by an average of 32% while scaling numerous companies from six to eight figures in annual revenue.
The company continues to expand its specialized offerings with dedicated teams for Amazon DSP, cross-border marketplace expansion, and AI-powered campaign optimization. Headcount grew more than 40% over the past year to meet demand from global brands seeking a premium marketplace partner.
About Sequence Commerce
Sequence Commerce is a global Amazon advertising and the best ecommerce growth agency built to help high-growth brands dominate marketplaces. Founded in 2016 in Toronto, the agency now operates offices out of Toronto, New York, Los Angeles, London, and India partnering with startups and Fortune 500 companies alike.
With deep expertise across Amazon, Walmart, and other leading marketplaces, Sequence manages millions in monthly ad spend and delivers strategies designed for profitable, sustainable growth. The team blends data-driven decision making with creative execution, helping brands not only reduce costs and improve ROAS but also scale from early traction to category leadership.
Disclaimer: This content is provided by Sequence Commerce. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6903ac1a-5fb4-472c-b16d-66117b8826b0
2025-10-06 07:502mo ago
2025-10-06 03:302mo ago
S&P 500 Earnings: The Relentless - But Still Measured - Rally In The S&P 500
SummaryThe quarterly bump hit the earnings data this week as the new forward 4-quarter estimate for the S&P 500 rolled into the four quarters from Q4 ’25 to Q3 ’26.The S&P 500 earnings yield bounced a little this week despite the rally, as the $10 increase in the FFQE improved the S&P 500 earnings yield from 4.26% last week to 4.37% this week.While I’d like to see the S&P 500 earnings yield higher - at least in the 4.75% to 5% area - the persistent and healthy increases in the S&P 500 earnings is providing a floor for the S&P 500. Getty Images
The quarterly bump hit the earnings data this week as the new forward 4-quarter estimate for the S&P 500 rolled into the four quarters from Q4 ’25 to Q3 ’26.
The $10 increase in the forward 4-quarter estimate (FFQE) results
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
, /PRNewswire/ -- Danaos Corporation (the "Company") (NYSE: DAC) announced today that it plans to commence an offering of up to $500 million of Senior Notes due 2032, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act").
The Company intends to use the net proceeds from the offering to (i) redeem in full the $262.8 million outstanding principal amount of the Company's 8.500% Senior Notes due 2028 (the "2028 Notes") on or about March 1, 2026, (ii) repay in full the outstanding principal amount under its BNP Paribas/Credit Agricole $130 million Secured Credit Facility on December 1, 2025, (iii) repay in full the outstanding principal amount under its Alpha Bank $55.25 million Secured Credit Facility on December 1, 2025, (iv) to pay costs, fees and expenses related to the refinancing, including commissions, placement, financial advisory fees and other transaction costs and professional fees, and (v) for general corporate purposes.
This release does not constitute a notice of redemption with respect to the 2028 Notes and investors are urged to refer to the relevant notice of redemption, when available, for more information regarding the conditions precedent to such redemption, redemption price, record date and redemption date.
This announcement is not an offer for sale or a recommendation or solicitation to buy or sell any securities, nor shall there be any offer, solicitation, or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size container vessels. Danaos Corporation's current fleet of 74 container vessels aggregating 471,477 TEUs and 18 under construction container vessels aggregating 148,564 TEUs ranks Danaos Corporation among the largest container vessels charter owners in the world based on total TEU capacity. Danaos Corporation has also recently invested in the drybulk sector with the acquisition of 10 capesize drybulk vessels aggregating 1,760,861 DWT.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements reflect current views of Danaos Corporation with respect to the proposed terms and the completion, timing and size of the proposed offering and the expected use of proceeds from the sale of the notes. The forward-looking statements in this release are based upon various assumptions. Although Danaos Corporation believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, Danaos Corporation cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Risks and uncertainties are further described in reports filed by Danaos Corporation with the U.S. Securities and Exchange Commission.
The forward-looking statements and information contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Danaos Corporation
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2025-10-06 07:502mo ago
2025-10-06 03:352mo ago
BTO: Efficient Portfolio Strategy Makes This A Solid Long-Term Fund
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-06 07:502mo ago
2025-10-06 03:352mo ago
Mondi tumbles on weaker quarterly trading as market conditions remain tough
Mondi PLC (LSE:MNDI) shares were the biggest fallers on the FTSE 100 on Monday morning after the paper and packaging maker reported a fall in profits in the third quarter of 2025, with trading expected to remain challenging.
Underlying EBITDA of €223 million was reported for the quarter, including €20 million of forestry fair value gains, compared to €274 million in the second quarter and €290 milllion in the first.
Volumes were affected by subdued demand, while selling prices declined across most grades, with maintenance shutdowns extended to manage production in softer markets.
Performance was weaker than the second quarter in both corrugated and flexible packaging, while uncoated fine paper was significantly impacted by lower demand and prices.
Mondi said it expects trading conditions to stay difficult through year-end but highlighted its focus on operational efficiency, cost control and cash generation.
Chief executive Andrew King said: “Trading conditions in the third quarter were challenging, with softer volumes and declining prices across most pulp and paper grades.”
He added that the group remains focused on margin management and cost optimisation to navigate current headwinds.
The company has completed its major expansion projects and is now prioritising productivity ramp-up and cash generation.
Mondi shares fell 14.1% to 899p in early trading.
2025-10-06 06:502mo ago
2025-10-06 01:552mo ago
Former Tesla board member: Hard to argue with Tesla's valuation
Westly Group Founder and former Tesla Board Member Steve Westly tells CNBC it's hard to argue with a $1.4 trillion valuation as some investors register concern over CEO Elon Musk's potential trillion-dollar pay package.
2025-10-06 06:502mo ago
2025-10-06 02:002mo ago
Stolt-Nielsen Limited: Fixed Income Investor Meetings
LONDON October 6, 2025 - Stolt-Nielsen Limited (Oslo Børs: SNI) has mandated Danske Bank, DNB Carnegie, Fearnley Securities and Nordea to arrange a series of fixed income investor meetings commencing today, October 6, 2025. Following the investor meetings a NOK denominated five-year senior unsecured bond issue may follow, subject to inter alia market conditions.
The proceeds from the potential bond issue will be used for general corporate purposes.
For additional information please contact:
Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985 [email protected]
Julian Villar
Head of Corporate Finance & Treasury
UK +44 (0) 20 7611 8962 [email protected]
About Stolt-Nielsen Limited
Stolt-Nielsen Limited is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers - Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
2025-10-06 06:502mo ago
2025-10-06 02:002mo ago
Hemogenyx Pharmaceuticals PLC Announces Clearance to Initiate Pediatric Enrolment
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
DIVERSIFIED ENERGY COMPANY PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 20 March 2025, the Company has purchased 123,586 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of $13.7521 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled.
Aggregated Information
Date of Purchase: 03 October 2025 Aggregate Number of Ordinary Shares Purchased: 123,586 Lowest Price Paid per Share (USD): 13.62 Highest Price Paid per Share (USD): 13.90 Volume-Weighted Average Price Paid per Share (USD): 13.7521
Following the cancellation of Shares, Diversified will have 76,852,459 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 76,852,459 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), (as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019), the table below contains detailed information of the individual trades made by Mizuho Securities USA LLC as part of the buyback programme.
Diversified Energy Company PLC +1 973 856 2757 Doug Kris [email protected] Senior Vice President, Investor Relations & Corporate Communications www.div.energy
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
06 October 2025 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) was notified on 3 October 2025 that Sheffield Holdings, LP now holds 109,655,398 Common Shares of the Company, representing 9.89% of the currently issued and outstanding Common Shares of the Company.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702Philip O'Quigley, CEO+353 87 814 7042Anne Flynn, CFO+353 1 676 9162 Cavendish Capital Markets Limited (NOMAD & Broker)Neil McDonald / Adam Rae+44 131 220 9771 About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.
For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
2025-10-06 06:502mo ago
2025-10-06 02:002mo ago
FLR INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
SAN DIEGO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fluor Corporation (NYSE: FLR) securities between February 18, 2025 and July 31, 2025, both dates inclusive (the “Class Period”), have until Friday, November 14, 2025 to seek appointment as lead plaintiff of the Fluor class action lawsuit. Captioned Maglione v. Fluor Corporation, No. 25-cv-02496 (N.D. Tex.), the Fluor class action lawsuit charges Fluor and certain of Fluor’s top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Fluor class action lawsuit, please provide your information here:
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: Fluor provides engineering, procurement, and construction; fabrication and modularization; and project management services. Fluor’s infrastructure projects include work on the Gordie Howe International Bridge (“Gordie Howe”), as well as the Interstate 365 Lyndon B. Johnson (“I-635/LBJ”) and Interstate 35E (“I-35”) highways in Texas, according to the complaint.
The Fluor class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) costs associated with the Gordie Howe, I-635/LBJ, and I-35 projects were growing because of, among other things, subcontractor design errors, price increases, and scheduling delays; (ii) the foregoing, as well as customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on Fluor’s business and financial results; and (iii) accordingly, Fluor’s financial guidance for fiscal year 2025 was unreliable and/or unrealistic, the effectiveness of Fluor’s risk mitigation strategy was overstated, and the impact of economic uncertainty on Fluor’s business and financial results was understated.
The Fluor class action lawsuit further alleges that, on August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, representing a 5.9% year-over-year decline and missing consensus estimates by $570 million. Defendants blamed these disappointing results on, among other things, growing costs in multiple infrastructure projects due to subcontractor design errors, price increases, and scheduling delays, as well as reduced capital spending by customers, the complaint alleges. Fluor also provided a negatively revised financial outlook for fiscal year 2025, citing “client hesitation around economic uncertainty and its impact on new awards and project delays and results for the quarter.” The complaint also alleges that Fluor’s CEO, defendant James R. Breuer, further disclosed during an earnings call that the infrastructure projects that had negatively impacted Fluor’s second quarter 2025 results were the Gordie Howe, I-635/LBJ, and I-35 projects. Following this news, the price of Fluor stock fell by more than 27%, according to the Fluor class action lawsuit.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Fluor securities during the Class Period to seek appointment as lead plaintiff in the Fluor class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Fluor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Fluor class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Fluor class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
Services may be performed by attorneys in any of our offices.
Contact:
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2025-10-06 06:502mo ago
2025-10-06 02:162mo ago
UK's Aston Martin forecasts fiscal 2025 profit below market consensus
A man takes a picture of an Aston Martin Valkyrie sports car at the Auto Zurich Car Show 2022 in Zurich, Switzerland November 10, 2022. REUTERS/Arnd Wiegmann Purchase Licensing Rights, opens new tab
CompaniesOct 6 (Reuters) - Luxury carmaker Aston Martin
(AML.L), opens new tab said on Monday it expects its fiscal year 2025 adjusted operating profit to come below the lower end of market consensus range, citing a challenging macroeconomic environment and the impact of tariffs.
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Reporting by Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-06 06:502mo ago
2025-10-06 02:242mo ago
Carnival: A Re-Rating Is On The Horizon As Dividend Reinstatement Inches Closer
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-06 06:502mo ago
2025-10-06 02:402mo ago
Telefonica plans to lay off 6,000 workers this year, Expansion reports
The logo of Spanish telecom company Telefonica is displayed at its headquarters, as the company evaluates cutting jobs to reduce its structural costs and improve efficiency, news website El Confidencial reported, in Barcelona, Spain May 3, 2025. REUTERS/Nacho Doce Purchase Licensing Rights, opens new tab
CompaniesMADRID, Oct 6 (Reuters) - Spanish telecoms group Telefonica
(TEF.MC), opens new tab plans to lay off at least 6,000 employees across several units before the end of the year, newspaper Expansion reported on Monday, citing people familiar with the plans.
The total number of workers initially affected by the redundancy plan could rise to 7,000 out of a global workforce of around 100,000, the report added, although negotiations with unions tend to reduce such targets.
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A spokesperson for Telefonica told Reuters that "multiple analyses are being carried out in all areas of the company, but there are no plans for a redundancy programme at this time".
The company is set to present its new strategic plan spearheaded by recently-appointed Executive Chair Marc Murtra on November 4.
According to the Expansion report, Telefonica seeks to officially inform unions of the potential layoffs shortly after the strategic plan's presentation, which could allow the company to reach a deal before December 31 and thus allocate the resulting provisions to the 2025 financial year.
The redundancy plan is expected to be similar to one implemented in 2024, which was "preferably voluntary" for employees aged 55 and over, Expansion added in its report.
According to the report, the bulk of affected employees - up to 5,000 - will likely belong to the Spanish business, as well as subsidiaries Telefonica Moviles - the company's mobile and broadband unit in Spain - and Telefonica Soluciones, which offers outsourced IT services.
However, employees at the corporate centre - which until now had been spared from previous redundancy plans - may also be affected.
Reporting by David Latona; Editing by Emelia Sithole-Matarise
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-06 06:502mo ago
2025-10-06 02:432mo ago
SIGMA LITHIUM RECOGNIZED FOR SUSTAINABILITY EXCELLENCE BY ITAUSA/ARAPYAU FOUNDATIONS; UPGRADES MINING OPERATIONS TARGETING HIGHER EFFICIENCY
, /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces today that it was included as a case study in a key industry report.
RECOGNITION FOR SUSTAINABILITY EXCELLENCE
The report "Climate and Nature Solutions in Brazil" was published by (i) Instituto Itausa, an organization dedicated to financing and supporting initiatives that promote sustainable development in Brazil, which is part of the Brazilian Itausa industrial conglomerate; and (ii) Instituto Arapyau, a Brazilian philanthropic organization founded by Guilherme Leal, a major shareholder of the Brazilian cosmetics company Natura and a former presidential candidate for the "Green Coalition" with Marina Silva, current Minister of The Environment and Climate Change of Brazil.
The study recognized Sigma Lithium for excellence in sustainability as a "global reference in green lithium, with 100% renewable energy, 90% water recirculation, no use of tailings dams, dry processing and gravity separation" which is "a method summarized in the "Quintuple Zero" formula (that is, the effort to produce lithium without dams, chemicals, carbon emissions, fossil energy and water consumption)."
The report mentioned Sigma Lithium as having successfully adapted "traditional iron and bauxite mining practices to a lithium mine, with international recognition for its ESG practices." The report further added that Sigma Lithium "invests in reforestation and compensation programs in the Cerrado (Brazilian scrubland) areas, planting native species. This model is aimed at creating ecological corridors and promoting social inclusion in environmental restoration, integrating biodiversity and generation of income."
Sigma Lithium also announces that the Company is upgrading its mining operations to increase its efficiency and competitiveness: mining operations are responsible for over 66% of Sigma Lithium´s "plant gate costs", while industrial operations represent just 33% (one of the most efficient in the lithium industry).
The upgrade is part of a comprehensive review of mining operations that commenced after significant improvements were executed in the Greentech industrial plant in 4Q24. The improvements increased the plant's recovery rates and demonstrated that it would be possible to further unlock production capacity if the plant operated at a constant rate. This operational cadency could be achieved by reducing the fluctuations in the rate of delivery of fresh ore from the mining operations. Improved ore cadence is now expected to increase production at the industrial Greentech plant, while decreasing overall plant gate costs by approximately 20%.
The execution of the upgrade, which will include a change in suppliers, was initially planned for Phase 2, but the Company decided that it should be started earlier, during 3Q25, in response to the decline in lithium prices from April to August 2025 and to extend Sigma Lithium's stellar health and safety standards to the mining operations. The Company aims to bridge the gap between the safety record of the mining operations and that of the industrial Greentech plant, which is excellent and one of the factors that determine Sigma Lithium´s leadership in sustainability. At the end of the second quarter of 2025, the industrial Greentech plant accumulated more than 2 years (735 days) without Lost Time Injury (LTI) and zero fatalities, positioning it amongst the safest operations according to the International Council of Metals and Mining (ICMM).
As part of the upgrade, Sigma Lithium will be replacing its mining equipment. A demobilization was started last week, and a re-mobilization is planned to commence this week, when the new supplier is expected to promptly restart activities. The amount of downtime required for the switch and the resulting loss of production is being kept to a minimum, while the targeted efficiency gains are on track to being achieved: mining equipment is being modernized with an increase in the size of mining trucks, which will enable a decline in the size of the overall fleet and a reduction of traffic at the mine, enhancing mine safety.
In addition to raising production capacity, the upgrade should prepare Sigma Lithium´s mine to feed a second Greentech plant more rapidly by improving mine geometry, which will help the Company deliver its planned capacity expansion scheduled to come onstream in 2026.
ENGAGED IN HIGH LEVEL GLOBAL ENERGY TRANSITION DIALOGUES AT CLIMATE WEEK NY
Sigma Lithium´s participation highlights its leadership in aligning private capital with public policy to deliver sustainable mineral supply chains for the energy transition and contribute to global decarbonization goals.
The Company's team, led by Ana Cabral, Co-Chair and CEO, and Daniel Abdo, VP of Business Development and International Affairs, played an active role in several high-level forums, as part of a continuing commitment to participate in events related to the energy transition and promote the development of the Jequitinhonha Valley, underscoring its mission to power the energy transition with environmentally and socially responsible practices:
Sigma Lithium joined the United Nations Energy Forum meetings, with leaders and experts from governments, international organizations, businesses, and youth groups around the world. The event was convened by UN-Energy on the margins of the UN General Assembly High-Level Week. Participants strategized how best to scale up innovative solutions and mobilize resources and partnerships on long-standing issues with the aim of accelerating progress towards Sustainable Development Goal 7 (clean and affordable energy for all) and a net-zero future. Also launched at the Forum, was a policy brief on linkages between clean energy for all (SDG7) and employment and economic growth (SDG8), presented by the International Renewable Energy Agency (IRENA); as well as a policy brief on a just energy transition in least developed and landlocked developing countries.
Our Co-Chair and CEO, Ana Cabral, attended Nasdaq's "Building the Future Summit", where global industry leaders from the world's largest companies and investors, such as Microsoft, Google, ENEC-UAE and Global Infrastructure Partners, discussed themes such as the requirements to scale energy infrastructure, including battery storage, to supply clean power for data centers to support the growth of AI.
Ana Cabral, as a former CNBC Changemaker, was invited to join the CNBC Connect Dinner, hosted by Melissa Lee and featuring Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, where discussions centered on how public and private sectors can foster a more sustainable economy and harness technology to drive global collaboration.
Daniel Abdo participated in a series of events at Bloomberg, including the roundtable "Scaling Financial Mechanisms to Support Bankable Climate Projects" and "Sustainable Business COP", organized by Brazil's Industry Confederation (CNI), keynoted by Michael Bloomberg and Andre Correa do Lago, Incoming President of COP30.
Ana Cabral contributed to the roundtable "The Future of Global Energy Transition in Turbulent Times," organized by Columbia University's Center for Global Energy Policy (CGEP), ReNew, and the Boston Consulting Group, sharing insights on the evolving dynamics of critical minerals in the global energy transition.
She also participated in the CGEP–World Economic Forum session, "Public Policy Playbook for Financing Critical Minerals," addressing how innovative financing models can align with responsible mineral resource development and processing.
Sigma Lithium was represented in the "Building Common Ground on Climate and Trade" dialogue, convened by Columbia SIPA's Center on Global Energy Policy and the Government of Brazil, which featured a conversation between André Corrêa do Lago and Jason Bordoff, Founding Director of CGEP, alongside international policymakers, exploring cooperative approaches at the nexus of climate and trade.
Daniel Abdo was also present at the roundtable "Defining the Mining Transition Agenda: Pathways to COP30," an initiative of the Future of Mining Coalition, which examined how the mining sector can align with the global climate agenda, advance sustainable supply chains, and support a successful COP30 in Brazil, reinforcing Sigma Lithium's alignment with international pathways for decarbonization and inclusive development.
The Company further joined the Youth Mutirão on the Road to COP30 Reception, co-hosted by the COP29 and COP30 Presidency Youth Climate Champions together with the UN Youth Office and the Youth Climate Justice Fund, supporting a space for youth leadership, cultural exchange, and dialogue on inclusive climate action.
The Company also attended in the Brazil Climate Summit at Columbia University, where Brazil's positioning ahead of COP30 was debated among government representatives, experts, and business leaders.
Sigma Lithium representatives were also engaged in other events. They took part in sessions at Nasdaq headquarters focused on private-sector leadership in climate and sustainability and joined the Valor Economico Climate Week Forum, which engaged policymakers and financial leaders on the intersection of sustainable finance and critical minerals.
"At Climate Week NY, we see clearly how the worlds of finance, policy, and industry are converging around the urgency of the energy transition. Brazil's experience shows that it is possible to combine responsibility with scale, and that sustainable resource development can become a catalyst for inclusive growth. Sigma Lithium is proud to be part of this global dialogue as we prepare for COP30 in Brazil," said Ana Cabral, Co-Chair and CEO of Sigma Lithium.
Through these engagements, Sigma Lithium strengthened its dialogue with multilateral institutions, policymakers, investors, and civil society, reaffirming its position as a trusted partner in building a more sustainable, inclusive, and socially responsible energy future. The company looks ahead to continuing this dialogue at COP30 in Belém, Brazil, further advancing collaborative solutions for the global energy transition.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.
The Company operates one of the world's largest lithium production sites—the fifth-largest industrial-mineral complex for lithium oxide—at its Grota do Cirilo Operation in Brazil. Sigma Lithium is at the forefront of environmental and social sustainability in the electric vehicle battery materials supply chain, producing Quintuple Zero Green Lithium: made with zero carbon, zero coal power, zero tailings dams, zero utilization of potable water and zero use of hazardous chemicals.
Sigma Lithium currently produces 270,000 tonnes of lithium oxide concentrate on an annualized basis (approximately 38,000–40,000 tonnes of LCE) at its state-of-the-art Greentech Industrial Lithium Plant. The Company is now constructing a second plant to double production capacity to 520,000 tonnes of lithium oxide concentrate (approximately 77,000–80,000 tonnes of LCE).
For more information about Sigma Lithium, visit our website
This news release includes certain "forward-looking information" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Grota do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company's market position and future financial and operating performance; the Company's estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company's ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company's profile at www.sedarplus.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Sigma Lithium Corporation
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2025-10-06 06:502mo ago
2025-10-06 02:442mo ago
Zephyr Energy's new CPR significantly increases Paradox project's resources
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has announced a substantial increase in recoverable reserves at its Paradox Basin project in Utah, with an updated Competent Person’s Report by Sproule-ERCE International.
Proved recoverable reserves (1P) have increased 93-fold, Zephyr said, rising to 14.8 million barrels of oil equivalent.
The report also showed a 25-fold increase in proved and probable (2P) reserves to 35.3 million barrels of oil equivalent.
Sproule estimated undiscounted free cash flows from the project would exceed $400 million.
"We are delighted with the results of the CPR which clearly demonstrate the excellent progress made at the Paradox project through our successful operations," chief executive Colin Harrington said.
"The CPR further validates the considerable scale of the Paradox project, which is why we have launched a process to identify partners to accelerate drilling and the delivery of value from the asset."
Harrington added: "The completion of the CPR is an exciting moment for the company as we seek to advance the Paradox project into full commercial production and secure a project partner."
Notably, the Sproule report focused on the Cane Creek reservoir in a 20,000-acre portion of the 46,000-acre Paradox project for which Zephyr has 3D seismic data.
It also estimates total recoverable resources across the Cane Creek reservoir at 74.2 million barrels of oil equivalent, worth over $880 million, as well as 270 million barrels of prospective resources.
Zephyr has now opened a data room to multiple potential partners, which are currently reviewing the project data, and the company expects the CPR will now allow for more substantive discussions to take place.
2025-10-06 05:492mo ago
2025-10-06 00:492mo ago
Quest Diagnostics: Investing In Healthcare's Future Today
SummaryQuest Diagnostics remains a buy, which is also what the consensus today said too.Quest can benefit from continued demand for specific diagnostic testing across a broad range of clinical areas.It has proven itself as a cash flow and dividend grower, achieving strong margins among peers and similar competitor Labcorp and making progress on FDA approvals.With an investment-grade BBB+ rating from Fitch and a modest D/E, the balance sheet profile is attractive.The risk of future Medicare rate decisions and FDA regulations or recalls has been discussed. Guido Mieth/DigitalVision via Getty Images
The Stock: A Diagnostic Testing Leader With Some Bullish Signs As we wrap up another trading week, for this week's "Follow-up Friday," I'm taking another look at Quest Diagnostics (NYSE:DGX), which I called
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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2025-10-06 05:492mo ago
2025-10-06 01:002mo ago
Roche receives CE Mark for AI-based Kidney Klinrisk Algorithm(1) and launches new comprehensive chronic kidney disease (CKD) algorithm panel
Roche, in collaboration with KlinRisk, Inc, has received CE-mark for the first AI-based risk stratification tool for assessment of progressive decline in kidney function.This tool will be launched as part of Roche’s new chronic kidney disease (CKD) algorithm panel to support care across the stages of the disease which affects 700 million people globally.Clinicians can use the CKD panel (Kidney Klinrisk Algorithm and Kidney KFRE Algorithm) to evaluate a patient’s risk of kidney function decline, including in the early asymptomatic stages of the disease. Basel, 6 October 2025 - Roche (SIX: RO, ROG; OTCQX: RHHBY), in collaboration with KlinRisk, Inc., has received the CE-mark for the first AI-based risk stratification tool to assess progressive decline in kidney function. This milestone allows Roche to introduce the Chronic Kidney Disease (CKD) algorithm panel on its navify® Algorithm Suite to support care across all stages of the CKD care pathway. The panel includes the new Kidney Klinrisk Algorithm - for early risk assessment of adults diagnosed with CKD as well as adults with diabetes or hypertension at elevated risk for kidney function decline - alongside the established CE-marked Kidney KFRE Algorithm (KFRE) for managing later disease stages of CKD.
Chronic kidney disease (CKD) affects more than 700 million people worldwide and is broadly recognized as a global public health challenge.2 With early diagnosis and appropriate treatment, it is possible to delay or prevent kidney function decline, and reduce cardiovascular risk and related healthcare costs.3,5,7
"The launch of the AI-based Kidney Klinrisk Algorithm as part of our chronic kidney disease algorithm panel, represents a significant advancement in the fight against this often silent, progressive disease," said Matt Sause, CEO, Roche Diagnostics. "The panel is designed to support physicians to make more informed decisions and manage patients’ kidney function at every stage of the disease. Most importantly, this also includes the possibility to assess adults with diabetes and hypertension, who are at elevated risk for kidney function decline and not yet diagnosed with CKD."
Supporting clinicians in early and proactive care
Healthcare professionals now have easy access to a comprehensive risk assessment solution for managing CKD proactively in both diagnosed and undiagnosed adults at risk, including in the early, often asymptomatic stages of the disease. This AI-based solution combines multiple input factors from routine blood and urine tests and aligns recommendations with clinical guidelines.
The new CKD algorithm panel, available on the navify® Algorithm Suite, marks a significant step in Roche’s strategy to provide digital health solutions for the growing global burden of chronic kidney disease. This cloud-based platform seamlessly integrates with existing hospital systems, giving clinicians a single point of access to order and view algorithm results. The panel is available in Europe and the United Kingdom, with a later launch in the United States, the Middle East, and Asia.
About the Kidney Klinrisk Algorithm
The Kidney Klinrisk Algorithm, an in vitro diagnostic medical device software, is a machine learning (ML)-based tool to aid clinicians in making more informed, precise decisions on progressive kidney function decline. The algorithm is intended to be applied to adults diagnosed with Chronic Kidney Disease (CKD) in stages G1 to G4, and to diabetic and/or hypertensive adults who are at risk for CKD.
The Kidney Klinrisk Algorithm was developed in collaboration with KlinRisk Inc, a medical AI company founded by Dr. Navdeep Tangri, a leading physician in kidney health, building multiple prognostic tests for cardiovascular, kidney, and metabolic conditions to address the needs of patients, providers, and health systems.
About chronic kidney disease
Chronic kidney disease (CKD) is a progressive condition characterized by a gradual loss of kidney function over time. In its early stages, CKD is often asymptomatic, and many people are unaware they have the condition. If left untreated, CKD can progress to kidney failure, requiring dialysis or a kidney transplant. CKD is closely linked to other chronic conditions such as diabetes and hypertension.
The rising incidence of CKD is fueled by increasing cases of diabetes, hypertension, and obesity worldwide and CKD can be a major healthcare cost driver representing up to 2-3% of the annual budgets.5 CKD increases hospitalizations, cardiovascular disease and can lead to early mortality.6 Still, adherence to guideline-directed medical therapies (GDMTs) is often below target use.
About navify
The navify portfolio from Roche includes more than 130 digital solutions for labs, hospitals and patients worldwide in commercial or research phases. navify solutions connect the healthcare community with a robust digital infrastructure to integrate data efficiently and to accelerate clinician access to innovations as well as operational and medical insights. This work includes collaborating with other innovative companies such as Fortinet in cybersecurity services. The navify platform is designed to deliver security at every step of the data analytical process with ISO/IEC 27001 certification for the Information Security Management System. All data is encrypted at rest and in transit. The solution is operated in compliance with applicable laws and regulations in the USA with HIPAA (Health Insurance Portability and Accountability) as well as with GDPR (General Data Protection Regulation) regulations in Europe.
Healthcare professionals can visit navify Marketplace to browse and request a growing number of next generation digital solutions from Roche and other companies — all designed to drive operational and clinical excellence, built on the foundational pillars of digital trust. More information is also available at navify.com.
About Roche
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.
For over 125 years, sustainability has been an integral part of Roche’s business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.
Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.
For more information, please visit www.roche.com.
All trademarks used or mentioned in this release are protected by law.
References
[1] European Union: EUR-Lex. Chronic Kidney Disease Algorithm Panel [Internet: accessed: August 2025] Klinrisk is an in-vitro diagnostic (IVD) medical device CE-marked (NB 0123) under the requirements laid out in the IVD regulation (EU) 2017/746 (IVDR).
[2] GBD Chronic Kidney Disease Collaboration, Lancet (2020) https://doi.org/10.1016/S0140-6736(20)30045-3
[3] Shlipak, Kidney International (2021) https://doi.org/10.1016/j.kint.2020.10.012
[4] Francis, A., Harhay, M.N., Ong, A.C.M. et al. Chronic kidney disease and the global public health agenda: an international consensus. Nat Rev Nephrol 20, 473–485 (2024). https://doi.org/10.1038/s41581-024-00820-6
[5] N Tangri et al.: Impact of Improved Diagnosis and Treatment on Holistic CKD Burden. https://doi.org/10.1016/j.ekir.2025.05.039
[6] Francis, A., Harhay, M.N., Ong, A.C.M. et al. Chronic kidney disease and the global public health agenda: an international consensus. Nat Rev Nephrol 20, 473–485 (2024). https://doi.org/10.1038/s41581-024-00820-6
[7] N Tangri et al.: Impact of Improved Diagnosis and Treatment on Holistic CKD Burden. https://doi.org/10.1016/j.ekir.2025.05.039
Roche Global Media Relations
Phone: +41 61 688 8888 / e-mail: [email protected]
Nyxoah Announces First U.S. Commercial Patients Implanted with Genio® System
Early Commercial Launch Demonstrates Strong Physician Demand, Successful Pre-Authorizations, and Widespread Payor Coverage
Mont-Saint-Guibert, Belgium – October 6, 2025 7:00 CET / 1:00 ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH), a medical technology company that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA), today announced that the first U.S. commercial patients have been successfully implanted with the Genio® system following FDA approval.
"We are thrilled to announce that the first commercial patients have now received Genio implants, marking a significant milestone in bringing this innovative therapy to OSA patients in the U.S.," said Olivier Taelman, Chief Executive Officer. "Importantly, we have trained surgeons, obtained Value Analysis Committee (VAC) approvals and achieved successful coverage from major payors including CMS. What's also particularly encouraging is the strong demand we're seeing from physicians, with surgeons actively reaching out for training opportunities, many of whom already have patients lined up for implants. These early leading indicators give us confidence that we're building the right foundation for the sustained adoption of Genio moving forward.”
Andrew T. Huang, MD FACS, Director of Sleep Surgery at Baylor College of Medicine implanted the first Genio devices at Townsen Memorial Health System in Houston, TX. “I am excited to not only be the first surgeon to perform Genio® implants commercially in the United States but to have completed my first five in one week. It was awesome to see the powerful and symmetric tongue protrusion at the end of each procedure. Like with any new procedure, there is a learning curve, but I’m excited to say the cases took me the same amount of time as my first unilateral HGN implants. The Genio system provides a solution for my patients who do not want two incisions, an implanted battery, and those where bilateral stimulation may be more beneficial to their airway anatomy.,” commented Dr. Huang. “Obstructive sleep apnea continues to represent a significant health burden in our country, and expanding access to new therapeutic options is essential. I am happy this therapy is now available in the US and am honored to help improve access to Genio Therapy by offering it to my patients and helping to train more providers on this amazing procedure.”
The Company is tracking the following metrics which it believes will serve as leading indicators of future revenue growth:
Number of surgeons trained; Number of value analysis committee submissions made; Number of prior authorization submissions; andNumber of accounts opened. About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat OSA. Nyxoah’s lead solution is the Genio system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.
Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study and U.S. FDA approval of a Premarket Approval application.
For more information, please visit http://www.nyxoah.com/.
Caution – CE marked since 2019. FDA approved in August 2025 as prescription-only device.
FORWARD-LOOKING STATEMENTS
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio system; planned and ongoing clinical studies of the Genio system; the potential advantages of the Genio system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio system; the Company's commercialization strategy and entrance to the U.S. market; the Company’s intellectual property portfolio; and the Company's results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, or adverse litigation outcomes can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.
October 06, 2025 1:00 AM EDT | Source: HIVE Digital Technologies Ltd.
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas--(Newsfile Corp. - October 6, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is pleased to report its September 2025 production figures and provide an update on the commissioning of its Phase 3 Valenzuela facility.
September 2025 Production Highlights
Bitcoin Produced: 267 BTC (up 8% month-over-month from 247 BTC in August 2025, and up 138% year-over-year from 112 BTC in September 2024)
Average Daily Production: 9 BTC/day
Hashrate: Averaged 19.4 exahash per second ("EH/s"), with a peak of 21.7 EH/s
Fleet Efficiency: 18 joules per Terahash ("J/TH")
BTC per EH/s: 13.8 BTC
Phase 3 Valenzuela Commissioning Ahead of Schedule
HIVE's 100 MW Phase 3 Valenzuela build is nearing completion. Civil works are concluded, hydro containers are installed, and the control center is live. The focus has now shifted to energizing ASICs, with new units being steadily integrated into production.
Hashrate Growth: HIVE's average hashrate rose 19% month-over-month, from 16.3 EH/s in August to 19.4 EH/s in September.
Network Outperformance: This growth outpaced the 16% increase in Bitcoin network difficulty (from 130 trillion to 151 trillion ("T")). These figures are publicly verifiable through Bitcoin block explorers.
Record Production: Despite consecutive all-time high Bitcoin network difficulty, HIVE mined 267 BTC in September - a year-to-date high - underscoring its operational strength.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/269179_d1bc245704279b64_001full.jpg
As of today, HIVE's global Bitcoin mining fleet totals 21.8 EH/s, powered entirely by renewable hydroelectric energy. With additional ASICs scheduled to come online in October, HIVE remains on track to scale to 25 EH/s by U.S. Thanksgiving, at an average efficiency of approximately 17.5 J/TH.
Management Commentary
Frank Holmes, Co-Founder and Executive Chairman, commented:
"HIVE's September milestones demonstrate the power of a focused, dual-engine strategy as our global Bitcoin mining fleet now produces over 9 BTC per day. Our executive team was in Paraguay last month and Gabriel Lamas, HIVE's Country President, is doing an outstanding job while Phase 3 Valenzuela continues to advance ahead of schedule. At the same time, BUZZ HPC, under Craig Tavares' leadership, is expanding our AI cloud capabilities and forming strategic partnerships with Bell Canada, Dell Canada, VAST Data and other leading AI companies in Canada to broaden access to enterprise-scale compute. HIVE is a unique Canadian data center company that only sources green hydroelectric energy to power its operations. With data centers spanning 9 time zones, across Canada, Sweden, and Paraguay, we've built a truly global footprint that reflects our commitment to sustainability, capital efficiency, and long-term value creation."
Aydin Kilic, President & CEO, added:
"With construction substantially complete at our Phase 3, 100 MW site in Valenzuela, approximately 50% of the hashrate capacity is now online, with commissioning of the remaining hydro containers well underway. The next wave of ASICs is set for installation next week, keeping us on track for 25 EH/s by American Thanksgiving. With disciplined energy management and optimized fleet efficiency, our current 9 BTC/day production (at Bitcoin network difficulty of 151T) demonstrates the resilience of our Paraguay-based engineering and technical teams. As we approach the successful completion of our targets for 2025, HIVE looks ahead to further expansion in global operations for 2026, with our cash flow from the Bitcoin mining business providing funding and growth for our HPC and GPU AI cloud business. As stewards of capital, our goal is to lead the sector in ROIC to provide value for our shareholders. We are always looking for long-term accretive opportunities, and we believe increased sustainable cash flow is the key to long-term success in these industries."
Future Production and Economics
As previously disclosed, all ASIC purchases for Phase 3 are funded and have shipped. HIVE expects future growth to follow the economics of its Paraguay operations. Each additional exahash increases daily Bitcoin production and revenue potential, while operating costs remain stable with fixed-rate hydroelectric power and minimal labor increases. Power expenses scale with machine usage and align with current cost structures. Results may vary depending on network difficulty and Bitcoin prices.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and scaling the future of digital finance and computing, while creating long-term value for its shareholders and host communities.
For more information, visit hivedigitaltech.com, or connect with us on:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's site in Valenzuela, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; hash rash growth projections; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the prospectivity of the BUZZ HPC operations and the ability of the Company to successfully expand the infrastructure and operate in this sector, the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the possibility of flaws in the implementation of the Paraguay build-out and energization; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; an inability to apply the Company's data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.
The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269179
2025-10-06 05:492mo ago
2025-10-06 01:082mo ago
Is Curtiss-Wright Stock Still A Buy After A 40% Rally? I Share My Updated Price Target
Curtiss-Wright Corporation continues to benefit from strong aerospace, defense, and nuclear energy market tailwinds, driving robust sales and margin growth. CW raised its full-year 2025 guidance, now expecting 9-10% sales growth, 15-18% operating income growth, and improved free cash flow outlook. Despite a significant rally and fair 2026 valuation, CW offers 13% upside when considering 2027 earnings, supported by strong EBITDA and cash flow growth.
2025-10-06 05:492mo ago
2025-10-06 01:242mo ago
Rosen Law Firm Encourages Simulations Plus, Inc. Investors to Inquire About Securities Class Action Investigation - SLP
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Simulations Plus, Inc. (NASDAQ: SLP) resulting from allegations that Simulations Plus may have issued materially misleading business information to the investing public.
So What: If you purchased Simulations Plus securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=42476https://rosenlegal.com/submit-form/?case_id=42439or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On July 15, 2025, during market hours, Benzinga published an article entitled "Simulations Plus Sees Weaker Demand Persist, Outlook Softens." The article stated that Simulations Plus shares had declined "following the release of [Simulations Plus'] third-quarter 2025 earnings report." The article stated that Simulations Plus had reported sales of $20.4 million, representing a 10% year-over-year increase, but this fell short of the consensus estimate of $20.9 million." Further, "[t]his miss followed preliminary third-quarter sales figures released in June, which were already lower than expectations at $19 million to $20 million, compared to a consensus of $22.78 million."
On this news, Simulations Plus' stock fell 25.75% on July 15, 2025.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
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The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
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2025-10-06 05:492mo ago
2025-10-06 01:252mo ago
Rosen Law Firm Encourages National Grid plc Investors to Inquire About Securities Class Action Investigation - NGG
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of National Grid plc (NYSE: NGG) resulting from allegations that National Grid plc may have issued materially misleading business information to the investing public.
So What: If you purchased National Grid securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=41344 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On July 2, 2025, Reuters published an article entitled "'Preventable' National Grid failures led to Heathrow fire, findings say." The article stated that a "fire that shut London's Heathrow airport in March, stranding thousands of people, was caused by the UK power grid's failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to open a probe." Further, the article stated that the United Kingdom's Energy minister, Ed Miliband, had "called the report "deeply concerning", after it concluded that the issue which caused the fire was identified seven years ago but went unaddressed by power grid operator National Grid[.]"
On this news, National Grid American Depositary Shares' ("ADSs") fell 5%, on July 2, 2024.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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2025-10-06 05:492mo ago
2025-10-06 01:472mo ago
Standard Motor Products: EBITDA Growth Powered By Nissens
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-06 04:482mo ago
2025-10-05 23:532mo ago
CTO INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CTO Realty
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In CTO To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in CTO between February 18, 2021 and June 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against CTO Realty Growth, Inc. (“CTO” or the “Company”) (NYSE: CTO) and reminds investors of the October 7, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) CTO's dividends were less sustainable than Defendants had led investors to believe; (ii) the Company used deceptive and unsustainable practices to artificially inflate its AFFO and overstate the true profitability of its Ashford Lane property; (iii) accordingly, CTO's business and/or financial prospects were overstated; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
On June 25, 2025, Wolfpack Research ("Wolfpack") published a report entitled "CTO: The B. Riley of REITs" (the "Wolfpack Report" or the "Report"), which compared CTO unfavorably to B. Riley, a financial services company that recently lost more than 90% of its value amid three years of losses, soured investments, delayed financial reports and revelations that the SEC had been investigating whether the firm gave shareholders an accurate picture of its health. Citing interviews with former employees and whistleblowers, the Wolfpack Report accused CTO of, among other things, "not generat[ing] enough cash to pay its recurring capex and cover its dividends since converting to a REIT in 2021" and instead "rel[ying] on dilution (increasing shares outstanding by 70% since December 2022) to cover a $38 million dividend shortfall from 2021 to 2024," employing a "manipulative definition of [AFFO] where they exclude recurring capex, unlike all of their self-identified shopping center REIT peers," and "us[ing] a sham loan to hide the collapse of a top tenant from shareholders at Ashford Lane." (Emphasis in original). Further, Wolfpack predicted imminent further dilution of the Company, noting that CTO has just $8.4 million in cash while facing quarterly dividends of $14 million and average recurring capital expenditures of $5.7 million per quarter, along with approximately $12 million in additional planned capital expenditures.
On this news, CTO's stock price fell $0.98 per share, or 5.42%, to close at $17.10 per share on June 25, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding CTO’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the CTO Realty Growth class action, go to www.faruqilaw.com/CTO or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 04:482mo ago
2025-10-05 23:532mo ago
PUBM INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of PubMatic
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PubMatic To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in PubMatic between February 27, 2025 and August 11, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PubMatic, Inc. (“PubMatic” or the “Company”) (NASDAQ: PUBM) and reminds investors of the October 20, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that a top DSP buyer was shifting a significant number of clients to a new platform which evaluated inventory differently; (2) that, as a result, PubMatic was seeing a reduction in ad spend and revenue from this top DSP buyer; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 11, 2025, after the market closed, PubMatic released its second quarter 2025 financial report. In its report, PubMatic’s Chief Financial Officer, Steven Pantelick, revealed that the Company’s outlook reflects “a reduction in ad spend from one of [its] top DSP partners.” The Company’s Chief Executive Officer, Rajeev Goel, further revealed that a “top DSP buyer” had “shifted a significant number of clients to a new platform that evaluates inventory differently” causing significant headwinds. Goel stated, in response to the inventory valuation change, the Company would “need to do a better job . . . to prioritize across all the hundreds of billions of daily ad impressions that we have, which subset of those impressions that we send to this DSP.”
On this news, PubMatic’s stock price fell $2.23, or 21.1%, to close at $8.34 per share on August 12, 2025, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PubMatic’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PubMatic class action, go to www.faruqilaw.com/PUBM or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 04:482mo ago
2025-10-05 23:542mo ago
Mara Holdings: Bitcoin Tailwinds And Strong Top-Line Growth Ahead (Rating Upgrade)
SummaryUpgrading MARA Holdings to a 'Strong Buy' on record Q2 results and a favorable Bitcoin setup going into the back half of the year.MARA posted $238.5M in Q2 revenue (up 64% YoY), a $1.2B gain on digital assets, and surpassed 50,000 BTC holdings. The Street projects 93% top-line growth in Q3.Tailwinds for BTC include lower interest rate expectations, with CME projecting two more cuts before year-end, and strong institutional Bitcoin demand as noted by ETP ownership.Returns are tied to BTC. Therefore, a stronger USD or slower-than-expected Fed cuts due to tariff-driven inflation could pressure Bitcoin and make me reassess my rating.Ratana21/iStock via Getty Images
I resume my coverage on MARA Holdings, Inc. (NASDAQ:MARA), upgrading this stock to a strong buy after record Q2 results and a clearer setup for Bitcoin following the decline during the tariff selloff earlier this
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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2025-10-05 23:552mo ago
NX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Quanex Building Products
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Quanex To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Quanex between December 12, 2024 and September 5, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Quanex Building Products Corporation (“Quanex” or the “Company”) (NYSE: NX) and reminds investors of the November 18, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company’s procedures and policies regarding tooling and equipment maintenance in its Tyman Mexico facility were significantly “underinvested”; (2) as a result, the Company’s tooling and equipment conditions had significantly degraded to near “catastrophic” levels; (3) that, as a result of the foregoing, the Company was likely to incur significant costs, “pushing out the timing” of expected benefits from the Tyman integration; (4) that Quanex had previously identified the foregoing issues; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 4, 2025, after the market closed, Quanex announced financial results for the third quarter of the 2025 fiscal year. Among other things, the Company disclosed “operational issues related to the legacy Tyman window and door hardware business in Mexico that are ongoing” which “impacted results more than expected during the third quarter of 2025.” Specifically, the Company reported a diluted EPS of ($6.04), compared to $0.77 in the prior year period and an adjusted EBIDTA of $70.30. The Company further disclosed that it was “adjusting for lower expected volumes and pushing out the timing of when [it] expect[s] to realize procurement savings” from the integration of the Tyman business.
Then, on September 5, 2025, the Company held an earnings call pursuant to the Company’s third quarter 2025 financial results. During the earnings call, Chief Executive Officer, George Wilson (“Wilson”) explained “operational challenges” in the Tyman facility in Mexico “negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in the third quarter alone.” Wilson further explained that the issue was previously “identified midyear” as it got “deeper into the integration” with Tyman, and described how the systems used to “anticipate and plan for tooling repairs” were significantly deficient, indicating it was near “nonexistent.” Wilson stated because Quanex was “underinvested” in “the tooling condition and the equipment condition” it “had to make some changes and fix some things before it was catastrophic.”
On this news, Quanex’s stock price fell $2.73, or 13.1%, to close at $18.18 per share on September 5, 2025, on unusually heavy trading volume. The stock price continued to decline on the subsequent trading day, falling $1.98 or 10.9%, to close at $16.20 per share on September 8, 2025, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Quanex’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Quanex Building Products class action, go to www.faruqilaw.com/NX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 04:482mo ago
2025-10-05 23:562mo ago
Saul Centers: The Dividend Is Safe Against Headwinds
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-06 04:482mo ago
2025-10-06 00:002mo ago
Mattel Introduces Team Barbie to Champion Building Girls' Confidence
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that Barbie is celebrating International Day of the Girl by introducing Team Barbie – a coalition of four powerful role models and professional rugby players from across the globe to encourage girls to own their confidence proudly. The brand is honoring these incredible athletes who recognize and harness their own power with one-of-a-kind dolls made in their likeness because Barbie knows if you can see it, you can b.
2025-10-06 04:482mo ago
2025-10-06 00:022mo ago
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed, CEO says
A man shows his debit cards of BBVA and Sabadell banks, in Ronda, Spain, May 9, 2024. REUTERS/Jon Nazca/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBBVA has 8 bln euros in excess capital for mandatory Sabadell bid, CEO saysBank is confident about surpassing 50% to avoid another bid, CEO saysDeal would create one of Europe's largest lenders by assetsMADRID/LONDON, Oct 6 (Reuters) - BBVA
(BBVA.MC), opens new tab has 8 billion euros ($9.4 billion) in capital for a mandatory cash offer for Sabadell
(SABE.MC), opens new tab should it fail to convince enough of its smaller rival's shareholders to accept its hostile offer, Chief Executive Officer Onur Genc said.
In an interview with Reuters on Friday, Genc said his base case was that BBVA would get more than 50% of shares in Sabadell to clinch the all-share 17 billion euro ($19.96 billion) takeover offer. Sabadell's shareholders have until October 10 to decide.
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If BBVA secures more than 30% but less than 50% of Sabadell shares, it must make a mandatory offer in cash to remaining investors, or walk away from a deal it has been trying to complete since April 2024.
A combined entity would become one of the largest lenders in Europe by assets, with about 1 trillion euros.
Should it decide to make a mandatory cash offer, "we don't need to raise capital in our view", Genc said.
Whether BBVA makes such an offer would depend on several factors, including the percentage of shareholders it would need to buy Sabadell out, he said.
"If it's between 30% and 50%, it might, it might not happen. Depends on the take-up, depends on the price, depends on market conditions," Genc said.
If BBVA needed to buy out 70% of shares in cash, currently with a market value of 11.7 billion euros, the 8 billion euros would not be enough and it would need alternative sources of finance such as raising capital, something its chairman has ruled out.
MOST PROBABLE OUTCOME, ACCORDING TO CITICiti assigned a 45% probability that the take-up would be in the 30%-to-50% range.
BBVA's CEO said the bank estimated it would end 2025 with a core tier-1 capital ratio of 13.75%, which would imply excess capital of 7 billion euros above its 12% solvency target, without including the suspended 1 billion euro share buy-back.
Jefferies analysts believe a cash bid for the remaining capital would be more realistic if the take-up rate approaches 50%.
A mandatory offer would be conducted at the same price as the current offer, Genc said, although the fair-value price would be set by the supervisor.
Shareholders of Sabadell are widely dispersed and around 40% are retail investors.
BBVA's chances of clinching the deal improved after it increased the bid and David Martinez, Sabadell's largest individual shareholder, agreed to tender his 3.86% stake although Sabadell's board reiterated that BBVA's improved bid undervalued the lender.
($1 = 0.8514 euros)
Reporting by Jesús Aguado; Editing by Edmund Klamann
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Andres Gonzalez covers M&A for Reuters, based in London. With over 12 years of experience as a correspondent in Spain, he has reported on diverse sectors, including banking, TMT, energy, infrastructure and real estate. Andres has also reported on significant breaking news events, such as the Barcelona attacks and several general elections, showcasing his versatility and ability to handle critical and time-sensitive stories
Andres' journalism career began at Reuters in Spain, where he honed his expertise in financial reporting. Seeking new challenges, he ventured into the world of Public Relations, working for Banco Santander with a particular focus on Wealth Management and Investment Banking divisions. His experience in both journalism and PR has provided him with a well-rounded perspective on the financial industry.
Tommy is Europe Finance Editor, helping lead Reuters coverage of banking, asset management, real estate and crypto across the region. Previously he covered climate finance, was India Correspondent in New Delhi and reported on the European hedge fund industry.
2025-10-06 04:482mo ago
2025-10-06 00:242mo ago
Marvell: Significant AI Win Coming Soon (Double Upgrade)
SummaryI'm upgrading Marvell Technologies to a Strong Buy, as a key customer Microsoft ramps up custom AI chip (Maia) production, boosting MRVL's 2026 outlook.MRVL's revenue growth is set to accelerate, with potential FY26 revenues reaching $10.5B, per my estimates, driven by Maia and improving AI accelerator demand.Management signals confidence through $6B in buybacks, accelerated repurchases and increased insider buying, indicating a positive inflection for MRVL shares.Risks remain from competition and customer concentration, but MRVL's exclusive role in Microsoft's Maia program positions it for significant upside. wildpixel/iStock via Getty Images
Investment Thesis When the race for building out custom accelerator chips or AI ASICs (application-specific integrated circuits) started last year, the contest for ASIC supremacy quickly became a duopoly.
Broadcom (NASDAQ:AVGO) became the industry leader and still commands the
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MRVL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Boeing said to prepare for 737 output hike as soon as October, Bloomberg News reports
A Boeing 737 MAX aircraft is assembled at the company's plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan/Pool via REUTERS Purchase Licensing Rights, opens new tab
Oct 6 (Reuters) - Boeing
(BA.N), opens new tab is guiding suppliers that it could ramp up 737 Max output and could reach a 42-jet monthly tempo as early as October, Bloomberg News reported on Monday citing people familiar with the plans.
Reuters could not immediately verify the report.
Sign up here.
Reporting by Yazhini MV in Bengaluru; Editing by Mrigank Dhaniwala
Our Standards: The Thomson Reuters Trust Principles., opens new tab
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Euronext N.v. Has Received the Relevant Regulatory Approvals for the Commencement of the Acceptance Period of the Voluntary Share Exchange Offer for the Ordinary Registered Shares of Hellenic Exchanges-Athens Stock Exchange
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY, OR CONSTITUTE A VIOLATION OF, THE RELEVANT LAWS OF THAT JURISDICTION OR REQUIRE EURONEXT AND/OR ATHEX TO TAKE ANY FURTHER ACTION.
PLEASE SEE THE IMPORTANT DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT.
EURONEXT N.V. HAS RECEIVED THE RELEVANT REGULATORY APPROVALS FOR THE
COMMENCEMENT OF THE ACCEPTANCE PERIOD OF THE VOLUNTARY SHARE EXCHANGE
OFFER FOR THE ORDINARY REGISTERED SHARES OF HELLENIC EXCHANGES-ATHENS STOCK
EXCHANGE S.A. IN CONSIDERATION FOR SHARES OF EURONEXT N.V.
THE ACCEPTANCE PERIOD WILL COMMENCE ON 6 OCTOBER 2025 AND WILL END ON 17
NOVEMBER 2025
6 October 2025
In accordance with Greek Law 3461/2006, as amended (the “Law”), on 30 July 2025 (the “Date of the Tender Offer”), Euronext N.V. (“Euronext” or the “Offeror”, and together with any and all of its directly, or indirectly, wholly, or partially, owned subsidiaries, the “Euronext Group”) announced the submission of a voluntary share exchange tender offer (the “Tender Offer”) to acquire all common registered shares, each having a nominal value of €0.42 (each, an “ATHEX Share”) of HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (“ATHEX” or the “Company” and together with its subsidiaries, the “ATHEX Group”), for newly issued ordinary shares in the capital of the Offeror, with a nominal value of €1.60 each (each, a “Consideration Share”) on a ratio of 0.050 Consideration Share for 1 ATHEX Share, in accordance with the Law.
Euronext announces that, following:
(a) the issuance of a declaration of non-objection from the competent foreign authorities regarding the coordinated regulation and supervision of Euronext being the AMF, AFM, CBI, NFSA, FSMA, CMVM, and CONSOB on 2 October 2025, and
(b) the approval by Hellenic Capital Market Commission (“HCMC”) of the information circular that Euronext has prepared in connection with the Tender Offer in accordance with the Law (the “Information Circular”) on 3 October 2025, and
Euronext has received all requisite regulatory approvals for the commencement of the Acceptance Period (as defined below).
Deutsche Bank AG is acting as advisor to Euronext in connection with the Tender Offer, in accordance with article 12 of the Law (the “Advisor”).
A summary of the expected timetable of principal events for the Tender Offer follows:
DateEvent3 October 2025Approval of the Information Circular by the HCMC6 October 2025Announcement of the Approval and Announcement of the Publication of the Information Circular6 October 2025Publication of Information Circular6 October 2025Publication of Euronext’s Exemption Document enabling the issuance of shares6 October 2025Commencement of the Acceptance Period17 November
2025End of the Acceptance Period19 November
2025Announcement of the results of the Tender Offer24 November
2025Registration of the transfer of the Transferred Shares to the securities account of the Offeror in the DSS.24 November
2025Delivery of the Consideration Shares to the Accepting Shareholders24 November
2025Commencement of listing and trading of the Consideration Shares on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon and Euronext Paris. Note: The above date of 24 November presupposes that all approvals mentioned in section 7 below are met.
2. Acceptance Period
2.1 The period of time during which the holders of ATHEX Shares (the “Shareholders”) may accept the Tender Offer by submitting a relevant written declaration of acceptance (the “Declaration of Acceptance”) to their intermediary (i.e. the bank, brokerage firm, investment services firm or other investment firm with which they cooperate) that is a certified member at the Greek Dematerialized Securities System (the “DSS Participant” and the “DSS”, respectively) through which their ATHEX Shares are registered, starts on 6 October 2025, at 08.00 am (Greek time) and ends on 17 November 2025, at 02:00 p.m. (Greek time) (the “Acceptance Period”).
2.2 Alternatively, for their own facilitation, Shareholders who wish to accept the Tender Offer may, at their own initiative, authorize their DSS Participant through which their ATHEX Shares are registered, to fill-in, sign, submit or dispatch the Declaration of Acceptance and in general to proceed with all necessary actions for the purpose of accepting the Tender Offer on their behalf. Declarations of Acceptance forms will be available through the DSS Participant throughout the Acceptance Period during business days and hours.
3. The Tender Offer
3.1 As at the Date of the Tender Offer, no ATHEX Shares were held, directly or indirectly, by the Euronext Group.
3.2 The companies of the Euronext Group are acting in concert with the Offeror for the purposes of the Tender Offer, pursuant to article 2, case (e) of the Law. There are no other persons acting in concert with the Offeror for the purposes of the Tender Offer, pursuant to article 2, case (e) of the Law.
3.3 On 30 July 2025, the Offeror and ATHEX entered into a cooperation agreement which details the cooperation between the Offeror and ATHEX in relation to the Tender Offer (the “Cooperation Agreement”). The Cooperation Agreement provides, among others, that ATHEX will not tender the Treasury Shares in the Tender Offer.
3.4 The following members of the Board of Directors of ATHEX owning shares including CEO Ioannis Kontopoulos have provided irrevocable undertakings to tender their shares in the Tender Offer subject to the issuance of a reasoned opinion of ATHEX’s Board of Directors in favor of the Tender Offer:
NameNumber of shares heldGeorge Handjinicolaou15,000Ioannis Kontopoulos95,000 3.5 Other than the Cooperation Agreement and the aforementioned written statements received by the Offeror from the ATHEX directors, there are no special agreements relating to the Tender Offer or the exercise of rights arising from the ATHEX Shares to which the Offeror is a party.
4. Consideration
4.1 In consideration for every ATHEX Share lawfully and validly tendered in the Tender Offer, and in accordance with the first clause of paragraph 1 of article 9 of the Law, Euronext offers 0.050 Consideration Share for 1 ATHEX Share (the “Offer Consideration”). The shares of the Offeror are held in book-entry form through the Central Securities Depository for the Offeror Shares (“Euronext Securities Milan”).
4.2 In the event that fractional balances of the Offeror's shares arise during the exchange, these will be paid by the Offeror based on the following formula:
the product of (x) the number of ATHEX Shares held by the investor, (y1) the volume-weighted average trading price (VWAP) of Euronext during the 1 week prior to the settlement date of the Public Offer and (y2) 0.050.
4.3 The Consideration Shares carry the right to dividends, capital returns, distributions from distributable reserves or other distributions that may be made by Euronext after the settlement date of the Tender Offer.
4.4 Euronext will assume payment of the duties levied in favor of the Hellenic Central Securities Depository S.A. (the “ATHEXCSD”) on the registration of the over-the-counter transfer of the Transferred Shares in accordance with the codified decision 18 (Meeting 311/22.02.2021) of the Board of Directors of ATHEXCSD, which would otherwise be payable by the accepting shareholders of ATHEX. Such duties amount to 0.08% and are calculated in accordance with the provisions of such decision with a minimum charge equal to the lower between €20 and 20% of the value of the transfer by any accepting shareholders per securities account.
4.5 To the contrary, it is clarified that shareholders who do not offer the ATHEX Shares they hold in the context of the Tender Offer, including those electing to receive the Cash Consideration in the context of the exercise of the Right of Squeeze-out or the Right to Sell-out, will also be responsible for all charges and taxes that are due in connection with the Tender Offer, including the duties above levied in favor of the Hellenic Central Securities Depository S.A and the Offeror assumes no responsibility nor liability in the payment of said charges and taxes. Notably, based on the letter of the circular issued by the Greek Independent Authority for Public Revenue with reference number Ε.2048/2024, the transfer of the Transferred Shares to the Offeror in consideration for Consideration Shares can be excluded from the tax provided for in article 9 paragraph 2 of Law 2579/1998 in favor of the Greek State provided all conditions mentioned therein are met, which amounts to 0.10%, and is imposed on sales of shares listed on the Athens Stock Exchange, since such transfer does not constitute a sale under the abovementioned provision. Shareholders are advised to consult their own tax advisors regarding the tax implications of the Tender Offer that may concern them in Greece or abroad.
4.6 It should be noted that an Accepting Shareholder who elects to receive Consideration Shares, or the financial intermediary (e.g. bank, brokerage firm, investment services firms, investment firm or other type of custodian) with whom such Accepting Shareholder cooperates, will have to inform, prior to the end of Acceptance Period, the Euronext Securities Milan participant with whom such shareholder has a direct or indirect relationship, of the receipt of the Consideration Shares through Euronext Securities Milan at the time settlement of the Tender Offer is completed. If it is not so informed, the said participant may reject the receipt of such shares, or the delivery thereof to such participant on behalf of the relevant Accepting Shareholder might not be possible.
5. Information Circular
5.1 Beginning on 6 October 2025 and for the whole duration of the Acceptance Period, printed copies of the Information Circular will be available, free of charge, at any of the branches of Eurobank S.A. in Greece. In addition, the Information Circular will also be available through (i) the HCMC website
(www.hcmc.gr/el_GR/web/portal/deltia12minou), (ii) the ATHEX website
(https://www.athexgroup.gr/en/market-data/informative-material), (iii) the website of Eurobank (https://www.eurobank.gr/el/omilos/enimerosi-ependuton/enimerotika-deltia/diaxeiristis-trapezas- eurobank) and (iv) the website of the Offeror (www.euronext.com/en/athex-offer).
5.2 Further information about the acceptance of the Tender Offer can also be obtained through the dedicated helpline of the Offeror in Greece during Greek business days and hours by calling in Greece the following numbers:
If you are a retail investor:
Landline: + 30 21 1234 1979
Toll Free Number: + 30 800 8888001 (for landline callers in Greece)
DL: pto.athex@investor. sodali .com
If you are an institutional investor: +34 659 765 895
And through the DSS Participant whom such Accepting Shareholder cooperates during Greek business days and hours.
6. Results of the Tender Offer
6.1 It is expected that the results of the Tender Offer will be announced on 19 November 2025 and the delivery of the Consideration Shares to the Accepting Shareholders will be completed on or about 24 November 2025, subject to the conditions mentioned in par. 7 below having been met.
7. Prerequisite and Conditions
7.1 Completion of the Tender Offer is subject to the satisfaction of the following conditions and minimum number of shares:
(a) the approval of the HCMC in relation to the direct change of control of ATHEX;
(b) the approval of the HCMC in relation to the indirect change of control of ΑΤΗΕΧClear;
(c) the approval of the HCMC in relation to the indirect change of control of ATHEXCSD;
(d) the approval of RAEWW and the HCMC in relation to the change of control of ATHEX due to its
participation in Hellenic Energy Exchange (“HenEx”) and EnEx Clearing House (“EnExClear”);
(e) the approval of the HCMC in relation to the acquisition by the Euronext Reference ShareholdersI of an indirect qualifying holding between 20% and 50% of ATHEX, ATHEXCSD and ATHEXClear; (together with (a)-(e), the “Conditions”); and
(f) no later than the end of the Acceptance Period, at least 38,759,500 ATHEX Shares, corresponding to at least 67% of ATHEX’s total voting rights whose exercise is not subject to suspension, shall have been lawfully and validly tendered to the Offeror (the “Minimum Number of Shares”). This condition may be amended in accordance with the provisions of the Law.
If (i) the Minimum Number of Shares is not fulfilled as at the end of the Acceptance Period and/or (ii) the Conditions are not satisfied, the Tender Offer will ipso jure lapse, and have no legal effect, and the ATHEX Shares which will have been tendered to the Offeror will be returned to their holders.
The Offeror may revoke the Tender Offer if (i) a competing offer, as provided by the Law, has been submitted, or (ii) subject to the HCMC’s approval, if an unforeseen change in circumstances beyond the control of the Offeror occurs that makes the Tender Offer particularly onerous.
The declarations of acceptance which are submitted cannot be revoked, unless a competing offer, as provided by the Law, has been submitted, in which case the accepting shareholder will be entitled to exercise a revocation right.
8. Right of Squeeze-out - Right to Sell-out
8.1 If, at the end of the Acceptance Period, Euronext holds at least 52,065,000 ATHEX Shares representing at least 90% of ATHEX’s voting rights in accordance with the Law (the “Relevant Threshold”):
(a) Euronext will initiate the squeeze-out procedure under the Law to cause any remaining holders of Company Shares to transfer those ATHEX Shares to Euronext, in accordance with the Law (the “Right of Squeeze-Out”); and
(b) holders of ATHEX Shares who have not accepted the Tender Offer will be entitled, within a period of three (3) months from the publication of the results of the Tender Offer, to exercise the right to sell-out, in accordance with the Law (the “Right to Sell-Out”).
8.2 The consideration offered for each ATHEX Share regarding both the Right of Squeeze-Out and the Right to Sell-Out, is, at the election of the holder:
(a) Consideration Shares held in book-entry form through Euronext Securities Milan; or
(b) the cash consideration of €5.98 for each ATHEX Share (the “Cash Consideration”).
8.3 The Cash Consideration meets the criteria of the fair and reasonable consideration, according to article 9 of the Law, since:
(a) it exceeds the VWAP during the six months preceding the Date of the Tender Offer, where in this case the VWAP of ATHEX Shares during the six months preceding 30 July 2025, is €5.9770
(b) the Offeror or any persons acting on its behalf or in concert with the Offeror did not acquire ATHEX Shares during the twelve (12) months preceding the Date of the Tender Offer
(c) a valuation is not required for ATHEX based on the provisions of par. 6 of article 9 of the Law, as none of the conditions referred to therein are met, namely:
- no sanctions have been imposed by the Board of Directors of the HCMC for manipulation that took place within the 18-month period preceding the Date of the Tender Offer,
during the six (6) months preceding the Date of the Tender Offer, (i) transactions in ATHEX Shares have been carried out on the Athens Stock Exchange on more than three-fifths (3/5) of the operating days of the relevant market, and specifically, they amounted to 100% of them and (ii) transactions that have been carried out on ATHEX Shares exceed ten percent (10%) of the total shares of ATHEX, and specifically, they amounted to 39% of them.The reasonable and fair consideration as determined by the criteria of paragraph 4 of Article 9 of the Law, exceeds eighty percent (80%) of the accounting value per share, based on the data of the average of the last two published financial statements of Law 3556/2007, on a consolidated basis. 8.4 If the Relevant Threshold is reached or exceeded at the end of the Acceptance Period, the Offeror expects that the Right of Squeeze-out process will be completed within four to eight weeks after Closing. The Offeror intends to apply for the commencement of unconditional listing and trading on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon and Euronext Paris of any Offeror Shares which may be issued as consideration in connection with the Right of Squeeze-out as soon as practicable following completion of the Right of Squeeze-out process.
8.5 If the Relevant Threshold is reached or exceeded at the end of the Acceptance Period, the Right to Sellout will automatically expire upon completion of the Right of Squeeze-Out. As a result, the Offeror expects that completion of the Right to Squeeze-out process will precede the completion of the Right of Sell-out process.
9. Delisting of the ATHEX Shares from the ATHEX
9.1 If, following completion of the Tender Offer or after the exercise of the Right of Squeeze-out or the Right to Sell-out, as the case may be, the Offeror holds at least 95% of ATHEX’s voting rights, the Offeror intends to request the convocation of a General Meeting of the Shareholders to resolve upon the submission of an application to the HCMC requesting the delisting of the ATHEX Shares from the Athens Stock Exchange, in accordance with article 17 paragraph 5 of Law 3371/2005, at which (General Meeting) the Offeror will exercise its voting rights in favor of such resolution.
9.2 If the percentage of the ATHEX Shares which will be eventually tendered ranges between 67% and below 90%, the ATHEX Shares will continue to trade on the ATHEX.
Important Notices
General
The Tender Offer described herein is addressed to holders of ATHEX Shares and only to persons to whom it may be lawfully addressed. The Tender Offer will be made in the territory of the Hellenic Republic. The making of the Tender Offer to specific persons who are residents in or nationals or citizens of jurisdictions outside the Hellenic Republic or to custodians, nominees or trustees of such persons (the “Excluded Shareholders”) may be made only in accordance with the laws of the relevant jurisdiction. It is the responsibility of the Excluded Shareholders and each person wishing to accept the Tender Offer to inform themselves of and ensure compliance with the laws of their respective jurisdictions in relation to the Tender Offer. If you have any doubts as to your status, you should consult with your professional advisor in the relevant jurisdiction.
The Tender Offer is not being made, directly or indirectly, by mail or by any means in or into any jurisdiction within which, under its laws, rules and regulations, the submission, the making or the presentation of the Tender Offer or the mailing or distribution of the Information Circular to be approved by the HCMC a declaration of acceptance and any other document or material relevant thereto (together, the “Relevant Documents”) is illegal or contravenes any applicable legislation, rule or regulation (together, the “Excluded Territories”). Accordingly, copies of any such Relevant Documents and materials will not be, and must not be, directly or indirectly, mailed, distributed or otherwise sent to anyone or from anyone in or into or from any Excluded Territory.
No Offeror Shares have been offered or will be offered pursuant to the Tender Offer to the public in the United Kingdom, except that the Offeror Shares may be offered to the public in the United Kingdom at any time: (a) to any legal entity which is a qualified investor as defined under Article 2 of the UK Prospectus Regulation; (b) to fewer than 150 natural or legal persons (other than qualified investors as defined under Article 2 of the UK Prospectus Regulation); or (c) in any other circumstances falling within Section 86 of the FSMA. Provided that no such offer of the Offeror Shares shall require Euronext or the Advisor to publish a prospectus pursuant to Section 85 of the FSMA or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation. For the purposes of this provision, the expression an “offer to the public” in relation to the Offeror Shares in the United Kingdom means the communication in any form and by any means of sufficient information on the terms of the offer and any Offeror Shares to be offered so as to enable an investor to decide to purchase or subscribe for any Offeror Shares and the expression “UK Prospectus Regulation” means Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
The Consideration Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States absent registration, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state and other securities laws of the United States. This release does not constitute an offer to sell or solicitation of an offer to buy any of the Consideration Shares in the United States. Euronext has no intention to register any part of the Tender Offer in the United States or make a public offering of the Consideration Shares in the United States. Any Consideration Shares offered in the United States will be offered only to (i) holders of the Company Shares located outside of the United States and (ii) holders of Company Shares located within the United States that are “Qualified Institutional Buyers” (as defined in Rule 144A under the Securities Act). Such holders of Company Shares will be required to make such acknowledgements and representations to, and agreements with, Euronext as Euronext may require establishing that they are entitled to receive Consideration Shares pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Accordingly, any holder of Company Shares located within the United States who is not a Qualified Institutional Buyer or who does not make such acknowledgement and representation to establish their entitlement to receive the Consideration Shares is ineligible to participate in the Tender Offer, and any purported acceptance of the Tender Offer by such holder will be ineffective and disregarded.
The Tender Offer is being made in the U.S. in reliance on the expected availability of the Tier II exemption pursuant to Rule 14d-1(d) of, and otherwise in compliance with Section 14E of, and Regulation 14E promulgated under, the U.S. Securities and Exchange Act of 1934, as amended (the “Exchange Act”), and otherwise in accordance with the requirements of Greek law. The Tender Offer is not subject to Section 14(d)(1) of, or Regulation 14D promulgated under, the Exchange Act. The Company is not currently subject to the periodic reporting requirements under the Exchange Act and is not required to, and does not, file any reports with the SEC thereunder.
Pursuant to exemptive relief granted by the SEC from Rule 14e-5 under the Exchange Act, during the period of the Tender Offer, Euronext may purchase, or arrange to purchase, whether directly or through any of its affiliates, any broker or other financial institution acting as its agent or any affiliates of any broker or other financial institution acting as its agent, shares of the Company as permitted by applicable law. The Offeror Shares are issued to the Company's existing shareholders in Singapore without the intention of being on- sold there, and no documents issued by or on behalf of the Company may be used in any subsequent sale by these shareholders. The Information Circular has not been and will not be lodged with or registered as a prospectus under the Securities and Futures Act 2001 of Singapore with the Monetary Authority of Singapore. Therefore, the Information Circular does not constitute an offer or invitation for the sale or purchase of the Offeror Shares in Singapore, whether directly or indirectly, and shall not form the basis of any contract for the issue or sale of the Consideration Shares in Singapore.
The Offeror Shares may not be marketed, offered or sold directly or indirectly to the public in the People’s Republic of China (the “PRC”) and neither this announcement, which has not been submitted to the Chinese Securities and Regulatory Commission, nor any offering material or information contained herein relating to the issuance of the Offeror Shares, may be supplied to the public in the PRC or used in connection with any offer for the subscription or sale of shares to the public in the PRC. Offeror Shares may only be marketed, offered or sold to Chinese institution which are authorized to engage in foreign exchange, business and offshore investment from outside the PRC. Chinese investors may be subject to foreign exchange control approval and filing requirements under the relevant Chinese foreign exchange regulations, as well as offshore investment approval requirements.
This announcement is only made available to a limited number of "Professional Investors" within the meaning of the SCA’s Board of Directors Decision No. 13 of 2021 Concerning the Financial Activities Rule Book, as amended. By receiving this announcement, the entity to whom it has been issued understands, acknowledges and agrees that it has not been approved by or filed with the UAE Central Bank, the UAE Securities and Commodities Authority, the Dubai Financial Services Authority ("DFSA"), the Financial Services Regulatory Authority of Abu Dhabi ("FSRA") or any other relevant regulatory or licensing authorities in the UAE, nor has the originator, or any other related party received authorization or licensing from the UAE Central Bank, the UAE Securities and Commodities Authority, the DFSA, the FSRA, or any other authorities in the UAE. This announcement does not constitute a public offer of Offeror Shares in the UAE in accordance with the UAE SCA Chairman of the Board Resolution No. (11/R.M) of 2016 On the Regulations for Issuing and Offering Shares of Public Joint Stock Companies, Federal Decree-No. 32 of 2021 on Commercial Companies, or otherwise.
The announcement does not constitute a disclosure document for the purposes of the Australian Corporations Act 2001 (Corporations Act) and has not been submitted to the Australian Securities and Investments Commission. If you have received this announcement in Australia, you represent and warrant that you are an existing shareholder of ATHEX and that you are a sophisticated investor, professional investor, or another investor to whom disclosure is not required under Part 6D.2 of the Corporations Act.
The Offeror Shares may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act ("FinSA") and no application has or will be made to admit the Offeror Shares to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. The Information Circular and any related offering or marketing materials regarding the Offeror Shares do not constitute a prospectus under the FinSA and must not be publicly distributed or made available in Switzerland.
The Offeror Shares have not been licensed for offering in Kuwait by the Kuwait Capital Markets Authority or any other relevant Kuwaiti government agency. The offering of the Offeror Shares in Kuwait on the basis a private placement or public offering is, therefore, restricted in accordance with Law No. 7 of 2010 and the bylaws thereto (as amended). No private or public offering of the Offeror Shares is being made in Kuwait, and no agreement relating to the sale of the Ordinary Shares will be concluded in Kuwait. No marketing or solicitation or inducement activities are being used to offer or market the Offeror Shares in Kuwait.
The Offeror Shares may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Offeror Shares must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.
The Offeror Shares have not been and will not be registered in Japan pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended, the "FIEA") in reliance upon the exemption from the registration requirements since the offering constitutes the private placement to qualified institutional investors only as provided for in "i" of Article 2, Paragraph 3, Item 2 of the FIEA. A transferor of the Offeror Shares shall not transfer or resell them except where a transferee is a qualified institutional investor under Article 10 of the Cabinet Office Ordinance concerning Definitions provided in Article 2 of the Financial Instruments and Exchange Act of Japan (the Ministry of Finance Ordinance No. 14 of 1993, as amended).
This announcement does not constitute an invitation to the public in the Cayman Islands. Any invitation to participate in the Tender Offer is not being conducted in or from with the Cayman Islands or a place of business in the Cayman Islands.
No person receiving a copy of this announcement or of any Relevant Document in any jurisdiction outside the Hellenic Republic may treat any such document as if it constituted a solicitation or offer to such person and under no circumstances may such person use any Relevant Document if, in the relevant jurisdiction, such solicitation or offer may not be lawfully made to such person or if such Relevant Document may not be lawfully used without breaching any legal requirements. In those instances, any such Relevant Document is sent for information purposes only.
This regulatory announcement does not contain, constitute or form part of any offer or invitation to sell or subscribe or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, and neither this regulatory announcement (nor any part of it) nor the fact of its distribution form the basis of, or may be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.
The information contained in this announcement does not purport to be full or complete. The exact dates of the Tender Offer may change.
This announcement contains forward-looking statements which are subject to numerous assumptions, risks and uncertainties which change over time and relate to, amongst others, the business activities and certain plans and objectives that Euronext has in respect of the ATHEX Group and the Euronext Group. In some cases, the forward-looking statements may be identified by words such as “may”, “hope”, “might”, “can”, “could”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, “intends” and the negative of these terms accordingly. There are many factors (for instance, without limitation, commercial, operational, economic, political and financial), as a consequence of which the actual results and the actual developments may potentially substantially differ from the plans and the objectives of Euronext and the ATHEX Group set out in this announcement. As such, Euronext and the ATHEX Group evolve in a highly competitive landscape and rapidly changing environment, where new risks and uncertainties not specifically described herein this announcement may emerge from time to time and it is not possible to predict all risks and uncertainties.
Although Euronext believes that, as of the date of this announcement, the expectations reflected in the forward-looking statements are reasonable, Euronext cannot assure you that future events will meet these expectations. Moreover, neither Euronext nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. After the date of this announcement, unless Euronext is required by applicable law to update these forward-looking statements, Euronext will not necessarily update any of these forward-looking statements to conform them either to actual results or to changes in expectations.
I As of 5 August 2025, the Euronext Reference Shareholders are the below:
ABN AMRO Bank N.V., through its subsidiary ABN AMRO Participaties Fund I B.V., holding 0.53% of capitalCaisse des Depots et Consignations, holding 8.25% of capitalCDP Equity, holding 8.25% of capitalSociete Federale de Participations et d’Investissement/ Federale Participatie - en Investeringsmaatschappij, holding 5.45% of capitalIntesa Sanpaolo, holding 1.58% of capital Hence, current Reference Shareholders' have an aggregated shareholding of 24.06%.
Legal announcement_Approval Prospectus and Acceptance period_ATHEX_6-10-2025
2025-10-06 04:482mo ago
2025-10-06 00:302mo ago
Euronext announces the launch of the voluntary exchange offer for all ATHEX shares
Euronext announces the launch of the voluntary exchange offer for all ATHEX shares
Euronext has received regulatory approval to launch a voluntary exchange offer to acquire all common registered ATHEX sharesAcceptance Period commences on 6 October 2025 and will end on 17 November 2025 A significant step towards a more integrated and more competitive capital market in Europe, establishing ATHEX as a financial hub in the Southeast Europe regionATHEX to join Euronext’s best-in-class trading and post-trade technology, boosting the visibility and attractiveness of the Greek market on an international scale Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 6 October 2025 – Euronext, the leading European capital market infrastructure, announces that all required regulatory approvals have been received for the commencement of the voluntary share exchange tender offer (“Tender Offer”) to acquire all common registered shares of HELLENIC EXCHANGES-ATHEX STOCK EXCHANGE S.A. (“ATHEX”) in consideration for ordinary shares newly issued by Euronext (“Consideration Shares”) at an exchange ratio of one (1) Consideration Share for twenty (20) ATHEX shares in accordance with Greek Law 3461/2006 (“Law”).
Strategic rationale for the Tender Offer
ATHEX’s integration into Euronext’s Group would allow Greek financial market participants to join a network of over 1,800 listed companies with a combined market capitalisation exceeding €6 trillion. The interest of Euronext in ATHEX reflects Euronext’s strong confidence in the positive development of the Greek economy and the growth potential resulting from further integration of Greek capital markets into the Eurozone and improved access to international investors. The combination would:
Embed ATHEX within Europe’s largest liquidity pool: Euronext aims to roll out its single liquidity pool, enabled by a single order book and empowered by its single trading platform “Optiq®” to deepen the efficiency of the Greek financial market through access to the largest European pool of liquidity. Strengthen access to financing for Greek corporates: Greece will become a key hub for listings under a harmonised framework, offering greater scale, visibility, and access to European liquidity. Euronext will bolster financing of Greek SMEs through the pan-European pre-IPO educational programme “IPOready” and provide a platform for Greek companies to list debt, diversifying their financing sources.Position ATHEX as the cornerstone of Euronext in Southeast Europe: As part of the Euronext Group, ATHEX will be the cornerstone to lead Euronext’s growth in the region, creating a hub for listing South-Eastern European companies in Athens.Create a unified post-trade infrastructure: Euronext relies on a single clearing house, clearing all of its European market flows across cash and derivatives products. As part of the combined Group, Euronext intends to expand Euronext Clearing, to cover Greek securities and to position Euronext Securities as the CSD of choice for Europe. With the acquisition of ATHEX, Euronext will expand its CSD platform and further consolidate the European post-trade market.Unlock long-term value for shareholders: Euronext’s offer provides a compelling opportunity for ATHEX shareholders to become investors in a leading pan-European business, benefitting from the integration of ATHEX within the Euronext ecosystem. Euronext's unique and proven track record in delivering significant benefits to every of the market infrastructures it has acquired over the past years is reflected in its impressive share price performance, which has increased by more than 600% since its IPO in 2014. Euronext shares furthermore provide additional liquidity benefits following the integration in the CAC 40® index. Unanimous support from ATHEX Board of Directors
The Board of Directors of ATHEX stated to ATHEX shareholders its unanimous support for the Tender Offer, and entered into a cooperation agreement with Euronext on 30 July 2025. All Directors of the Board owning shares, including the CEO of ATHEX, have signed undertakings to tender their shares, subject to the issuance of a reasoned opinion by the Board in favour of the Tender Offer as mandated by Greek law.
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said: “Europe is entering a new strategic phase in building more integrated European capital markets that serve local economies within the framework of a Savings and Investments Union. Greece’s robust economic growth, supported by rising investment, growing international confidence, and solid fundamentals, makes this the right moment to strengthen its market. Through the integration of ATHEX into Euronext’s ecosystem, Greece will play a key role in this European project.
This move will enhance the visibility and international appeal of the Greek market, supporting the shared European goal of stronger, integrated and more efficient capital markets. The initiative has received strong and positive feedback from leading stakeholders who recognise the value of combining best-in-class infrastructures, technologies, and practices across Europe to convey investments to the real economy.”
Details of the Tender Offer
Commencing on 6 October 2025, at 08:00 (EEST) and ending on 17 November 2025, at 14:00 (EEST) (“Acceptance Period”), holders of ATHEX Shares may accept the Tender Offer by submitting a relevant written declaration of acceptance to the participant or their intermediary that is a certified member of the Greek Dematerialised Securities System (the “DSS Participant” and the “DSS”, respectively) with which their ATHEX Shares are registered.
The closing of the Tender Offer is subject to the prerequisite that, as at the end of the Acceptance Period, at least a minimum number of shares must have been lawfully and validly tendered to Euronext, namely 38,759,500 ATHEX Shares, corresponding to 67.0% of ATHEX’s total voting rights whose exercise is not subject to suspension (the “Minimum Number of Shares”). This condition may be amended in accordance with the provisions of the Law.
The completion of the Tender Offer is also subject to the customary regulatory approvals linked to the change of control of ATHEX and its subsidiaries.
If, at the end of the Acceptance Period and subject to the fulfilment of the conditions, the relevant threshold is reached and, consequently, at closing, Euronext holds at least 52,065,000 ATHEX Shares representing at least 90.0% of ATHEX’s voting rights, Euronext will exercise its squeeze-out right by filing an application to the Hellenic Capital Market Commission (“HCMC”) in accordance with the Law. Those shareholders who have not accepted the Tender Offer will, in such scenario, have the right to exercise their sell-out rights in accordance with the Law.
The Consideration Shares carry the right to dividends, capital returns, distributions from distributable reserves or other distributions that may be made by Euronext after the date on which settlement of the Tender Offer is completed. Detailed information in relation to, among other matters, Consideration Shares and the rights of the holders of Consideration Shares is included in the Information Circular (www.euronext.com/en/athex-offer).
Financial impact and integration plan
Euronext expects to deliver significant synergies from the integration of ATHEX into its European market infrastructure. Annual run-rate cash synergies of €12 million are targeted by the end of 2028, notably through (i) the migration of Greek trading to Optiq, and (ii) the harmonisation of central functions. Implementation costs to deliver those synergies are expected to amount to €25 million. The transaction is expected to be accretive for Euronext shareholders after the delivery of synergies in year 1.
The transaction is in line with Euronext’s investment criteria of ROCE above WACC in years 3 to 5 after the acquisition. The proposed Tender Offer enables Euronext to preserve spare debt capacity to finance further diversification deals and to enhance the free float liquidity of the stock.
In line with Euronext’s federal model, the CEO of ATHEX would be proposed to join the Managing Board of Euronext N.V., and an independent representative from the Greek financial ecosystem would be proposed for the Supervisory Board of Euronext at the 2026 annual general meeting, replacing one of the current independent members of the Supervisory Board. The HCMC would remain the primary supervisory authority for Greek markets and would be invited to join Euronext’s College of Regulators, becoming part of the supervision of the Euronext Group.
Expected timetable of principal events for the Tender Offer follows:
3 October 2025: Approval of the Information Circular by the HCMC.
6 October 2025: Commencement of the Acceptance Period.
17 November 2025: End of the Acceptance Period.
19 November 2025: Announcement by Euronext of the results of the Tender Offer.
24 November 2025: Subject to (i) the prerequisite that at least the Minimum Number of Shares have been lawfully and validly tendered to Euronext, and (ii) receipt of the customary change of control regulatory approvals of ATHEX and its subsidiaries:
Registration of the transfer of the transferred shares to the securities account of the Offeror at the DSS.Delivery of the Consideration Shares to the accepting shareholders.Commencement of listing and trading of the Consideration Shares on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon and Euronext Paris The procedure that ATHEX Shareholders should follow, in order to accept the Tender Offer:
Review the Information Circular of the Tender Offer approved by the HCMC, available on (i) the Euronext website (www.euronext.com/en/athex-offer)
(ii) the HCMC website (www.hcmc.gr/el_GR/web/portal/deltia12minou)
(iii) the ATHEX website (www.athexgroup.gr/en/market-data/informative-material)
(iv) the Eurobank website (https://www.eurobank.gr/el/omilos/enimerosi-ependuton/enimerotika-deltia/diaxeiristis-trapezas-eurobank).
Review the Exemption Document containing information describing the Tender Offer, available on the Euronext website (www.euronext.com/en/athex-offer)Accepting Shareholders must contact the DSS Participant/Intermediary (bank, brokerage firm or investment firm) through which they hold their ATHEX Shares in the DSS, expressing their intention to participate in the Tender Offer. Each Declaration of Acceptance must relate to at least one (1) ATHEX share or integer multiples thereof.Beginning on 6 October 2025, and for the whole duration of the Acceptance Period, printed copies of the Information Circular will be available, free of charge, at any of the branches of Eurobank, in Greece. For further information and news about the Tender Offer, please visit our dedicated webpage: www.euronext.com/en/athex-offer
Capitalised terms not defined herein shall have the meanings ascribed to it in the Information Circular.
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.
As of June 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.
For the latest news, go to euronext.com or follow us on X and LinkedIn.
Disclaimer
This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.
The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at [email protected].
PR_Euronext Public Tender Offer ATHEX-6-10-2025
2025-10-06 04:482mo ago
2025-10-06 00:342mo ago
LD Micro Celebrates the 2,000th Company: MDB Capital Holdings (MDBH)
October 06, 2025 12:34 AM EDT | Source: LD Micro
Santa Monica, California and Addison, Texas--(Newsfile Corp. - October 6, 2025) - LD Micro, a premier resource for microcap investors and a wholly owned subsidiary of Freedom US Markets, and MDB Capital Holdings, LLC (NASDAQ: MDBH) ("MDB"), a public venture platform focused on launching category-leading "Big Idea" companies, today announced an important milestone nearly two decades in the making.
MDB has become LD Micro's 2,000th presenting company, marking a new chapter for a platform established in March 2006 by two visionaries seeking a better way to analyze the next generation of breakthrough companies.
"It has been a privilege to watch LD Micro evolve into a cornerstone of the microcap community over these many years," stated Chris Lahiji, Founder of LD Micro. "This platform was created out of a genuine passion for supporting innovative, high-potential businesses and connecting them with investors committed to the public microcap sector. Achieving the milestone of 2,000 presenters, particularly as the universe of U.S. public companies has decreased from 8,000 to approximately 4,000 over the past two decades, underscores our ongoing dedication. We are honored to have MDB Capital (MDBH) join us in celebrating this achievement, and we look forward to their participation at the Main Event at Hotel Del Coronado in less than two weeks."
"MDB Capital is honored to be the 2,000th company to present at LD Micro, a platform we have respected and worked alongside as part of our firm's journey," said Chris Marlett, CEO and Co-Founder of MDB. "For 28 years, MDB has been deeply committed to the microcap public markets, championing them as the preferred channel for game-changing companies to access growth capital. In a time when the number of public companies has declined sharply, we salute Chris Lahiji and the LD Micro team for their dedication in nurturing this ecosystem. We believe a major shift is underway: for today's most promising innovators, going public is once again emerging as a smarter, more impactful path than remaining private. That is precisely why, for the first time, MDB will be presenting at a microcap conference and we are thrilled to do so at LD Micro."
MDB will present at LD Micro on Tuesday, October 21, at 10:30 am.
About MDB Capital
Founded in 1997, MDB Capital focuses on launching "Big Ideas" through a unique approach to public venture capital. The firm emphasizes community-driven financings of early-stage leaders in significant business and technology categories via early public offerings, primarily on NASDAQ, as well as post-IPO offerings for qualifying companies. MDB Capital Holdings, LLC (NASDAQ: MDBH) and its subsidiaries-including MDB Capital, a venture-focused broker-dealer with the MDB Direct trading platform, and PatentVest, the first integrated IP strategy and law firm—operate under the MDB Capital brand. MDB Capital is a registered broker-dealer, Member FINRA/SIPC.
About LD Micro
LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Through the LD Micro Index and annual investor conferences, LD Micro has served as an invaluable asset to all those interested in discovering the next generation of great companies.
For more information on LD Micro, visit www.ldmicro.com.
LD Micro Company Contact:
Chris Lahiji, Co-founder LD Micro [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269121
2025-10-06 04:482mo ago
2025-10-06 00:362mo ago
Tesla teases Tuesday event as focus shifts to affordable EVs
Tesla logo is seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesOct 5 (Reuters) - Tesla
(TSLA.O), opens new tab on Sunday teased an October 7 event, as investors and analysts await a more affordable model to sustain sales momentum.
In a nine-second
video, opens new tab posted on social media platform X, the Elon Musk-led automaker showed a vehicle with its headlights illuminated in a dark setting. The company hinted at an event scheduled for Tuesday in a
separate video, opens new tab that had "10/7" at the end.
Sign up here.
Tesla has previously delayed rolling out a lower-cost version of the Model Y in the United States. The company said in June that it had made "first builds" of the vehicle, but would start selling it in the fourth quarter and ramp up output slower than planned.
The stripped-down version is designed to be roughly 20% cheaper to produce than the refreshed Model Y and could scale to about 250,000 units a year in the U.S. by 2026, sources told Reuters earlier this year.
Tesla reported record quarterly deliveries for the three months ended September, driven by a surge in EV purchases ahead of the U.S. tax credit's expiration.
The teaser videos followed the expiration of a $7,500 U.S. EV tax credit on September 30, a shift that could shape consumer choices and prompt Tesla to recalibrate its pricing strategy.
Reporting by Mrinmay Dey in Bengaluru; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2025-10-06 03:482mo ago
2025-10-05 22:592mo ago
DON: The Macro Setup Now Supports Mid-Cap Dividend Stocks
SummaryWisdomTree U.S. MidCap Dividend Fund remains a buy, offering attractive valuation and higher yield versus the S&P 500 despite recent underperformance.DON's portfolio leans toward cyclical sectors like Financials, Industrials, and Consumer Discretionary, positioning it to benefit from strong GDP growth and potential Fed rate cuts.The ETF's technical picture is mixed, with key resistance at $53-$54 and a downward-trending 200-day moving average, but seasonal trends are favorable.Solid economic growth and declining Treasury yields support the investment thesis for DON as a value-oriented mid-cap dividend strategy into year-end. Getty Images
The bull market turns three years old next week. The SPDR S&P 500 ETF (SPY) has returned 96% from the closing low on October 12, 2022, to today. It has been a “Magnificent” rally, so to speak, as the Mag 7 have been the
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Mitsubishi Electric Collaborating with JICA and Hankyu to Promote Energy Conservation of Manila's Light Rail
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it is collaborating with the Japan International Cooperation Agency (JICA) and Hankyu Corporation on a technical-cooperation project to promote the energy conservation of the Manila Light Rail Transit Authority's (LRTA) Line 1, which is operated and maintained by the Light Rail Manila Corporation (LRMC). Mitsubishi Electric will leverage its data-analysis services for railways to assess the railway line's.
2025-10-06 03:482mo ago
2025-10-05 23:002mo ago
Mitsubishi Electric's CielVision System Projects Realistic Images in Mid-air with High Brightness and High Definition
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its development of the CielVision aerial display system. The system projects realistic images in mid-air with high brightness and high definition using new digital-optical technology that combines the company's proprietary aerial-projection optical technology with digital-image processing technology. By significantly improving the visibility of aerial images as well as downsizing the displays, Mitsubishi Elect.
2025-10-06 03:482mo ago
2025-10-05 23:032mo ago
SLQT INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of SelectQuote
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In SelectQuote To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in SelectQuote between September 9, 2020 and May 1, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against SelectQuote, Inc. (“SelectQuote” or the “Company”) (NYSE:SLQT) and reminds investors of the October 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company was directing Medicare beneficiaries to the plans offered by insurers that best compensated SelectQuote, regardless of the quality or suitability of the insurers’ plans; (2) that SelectQuote did not provided unbiased comparison shopping for Medicare Advantage insurance plans; (3) that SelectQuote received illegal kickbacks to steer Medicare beneficiaries to certain insurers and limit enrollment in competitors’ plans; (4) that as a result, SelectQuote had not complied with applicable laws, regulations, and contractual provisions; (5) that SelectQuote was vulnerable to regulatory and legal sanctions as a result of its conduct, including claims that it had violated the False Claims Act; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On May 1, 2025, the U.S. Department of Justice (“DOJ”) filed a False Claims Act complaint against SelectQuote, alleging, “[f]rom 2016 through at least 2021” SelectQuote received “tens of millions of dollars” in “illegal kickbacks” from health insurance companies in exchange for steering Medicare beneficiaries to enroll in the insurers’ plans. Further, SelectQuote, in exchange for kickbacks, engaged in a conspiracy with major insurers to illegally discriminate against beneficiaries deemed to be less profitable, including those with disabilities. The DOJ concluded that SelectQuote made materially false claims by stating it offers “unbiased coverage comparisons” when in fact it “repeatedly directed Medicare beneficiaries to the plans offered by insurers that paid them the most money, regardless of the quality or suitability of the insurers’ plans.”
On this news, SelectQuote’s stock price fell $0.61, or 19.2%, to close at $2.56 per share on May 1, 2025, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding SelectQuote’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the SelectQuote class action, go to www.faruqilaw.com/SLQT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 03:482mo ago
2025-10-05 23:102mo ago
SVRA INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Savara
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Savara To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Savara between March 7, 2024 and May 23, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Savara Inc. (“Savara” or the “Company”) (NASDAQ: SVRA) and reminds investors of the November 7, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the MOLBREEVI BLA lacked sufficient information regarding MOLBREEVI’s chemistry, manufacturing, and/or controls; (2) accordingly, the FDA was unlikely to approve the MOLBREEVI BLA in its current form; (3) the foregoing made it unlikely that Savara would complete its submission of the MOLBREEVI BLA within the timeframe it had represented to investors; (iv) the delay in MOLBREEVI’s regulatory approval increased the likelihood that the Company would need to raise additional capital; and (v) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On May 27, 2025, Savara issued a press release "announc[ing] that the Company received [a refusal to file] letter from the FDA for the [Biologics License Application] of MOLBREEVI as a therapy to treat patients with autoimmune PAP."
On this news, Savara's stock price fell $0.90 per share, or 31.69%, to close at $1.94 per share on May 27, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Savara’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Savara class action, go to www.faruqilaw.com/SVRA or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 03:482mo ago
2025-10-05 23:142mo ago
LNTH INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lantheus
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Lantheus To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Lantheus between February 26, 2025 and August 5, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NEW YORK, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lantheus Holdings, Inc. (“Lantheus” or the “Company”) (NASDAQ: LNTH) and reminds investors of the November 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
According to the complaint, defendants provided investors with misleading statements concerning the true state of Pylarify’s competitive position; notably, that Lantheus was not equipped to properly assess the pricing and competitive dynamics for Pylarify, risking Pylarify’s price point, revenue, and overall growth potential. These statements caused Plaintiff and other shareholders to purchase Lantheus’ securities at artificially inflated prices.
Investors began to question the veracity of Defendants’ public statements on May 7, 2025, when Lantheus reported its first quarter results below market expectations with Pylarify’s performance particularly falling short. Then, on August 6, 2025, Lantheus again announced disappointing results and significantly reduced growth expectations for Pylarify, which had fallen 8.3% year-over-year, and slashed fiscal year 2025 growth projections. Defendants attributed the losses to the ongoing competition, impacting Pylarify’s pricing dynamics.
Investors and analysts reacted promptly to Lantheus’ revelations. The price of Lantheus’ common stock declined dramatically. From a closing market price of $72.83 per share on August 5, 2025, Lantheus’ stock price fell to $51.87 per share on August 6, 2025, a decline of about 28.8% in the span of one day.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Lantheus’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Lantheus Holdings, Inc. class action, go to www.faruqilaw.com/LNTH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cffc24f-1f2f-4a65-9fc1-400954361ba2
2025-10-06 03:482mo ago
2025-10-05 23:172mo ago
Quantum Computing Inc. Announces $750 Million Oversubscribed Private Placement of Common Stock Priced at the Market Under Nasdaq Rules
The offering is being led by QCi's largest existing shareholders
Company's pro-forma cash position expected to be approximately $ 1.55 billion following closing
, /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 37,183,937 shares of common stock in an oversubscribed private placement priced at the market under Nasdaq rules. The offering is expected to result in gross proceeds of $750 million, before deducting offering expenses. The closing of the offering is expected to occur on or about October 8, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering to fully fund commercialization, pursue strategic acquisitions, establish volume production capabilities, expand sales and engineering personnel, working capital, and general corporate purposes.
Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.
"Total capital raised since November 2024 is now $1.64 billion, positioning QCi with the strongest balance sheet among publicly traded quantum computing companies and providing what we believe is sufficient funding to execute our current business plan through 2028. The support from our existing investors through this recent raise is validation of our vision, technology, and roadmap. Our focus now shifts to expedite the transition from a quantum technology innovation company to a leading quantum hardware manufacturer, progressing our mission of putting quantum into the hands of people," said Dr. Yuping Huang, CEO and Chairman of the Board of QCi.
The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Quantum Computing Inc.
Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
About Titan Partners
Titan Partners Group, a division of American Capital Partners, is a boutique investment bank specializing in tailored solutions for publicly traded emerging growth companies. Titan Partners combines expertise, trust, dedication, and a forward-thinking approach to help clients achieve their strategic capital needs.
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the expected closing of the offering, QCi's use of the net proceeds from the offering and the anticipated benefits that the Company may realize from the offering. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including having sufficient funding to execute our current business plan, the timing of orders and revenue, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, academic institutions and commercial customers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
[email protected]
Titan Partners Contact:
[email protected]
4 World Trade Center, 29th Floor
New York, NY 10007
(929) 833-1246
www.titanpartnersgrp.com
SOURCE Quantum Computing Inc.
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