Worksport (WKSP), a small-cap company specializing in pickup truck bed covers, has joined the growing list of firms integrating cryptocurrency into their financial strategies. The New York-based company announced plans to allocate up to 10% of its cash reserves—approximately $5 million—into Bitcoin (BTC) and Ripple’s native cryptocurrency, XRP (XRP). This move marks a unique twist […]
Ideal Power (IPWR) has announced a significant milestone in its commercialization journey with a multi-unit order for its SymCool IQ intelligent power module. The order comes from a customer specializing in circuit protection and power conversion solutions, marking a promising expansion of Ideal Power’s market reach. The customer, already familiar with Ideal Power’s SymCool power […]
Telomir Pharmaceuticals (TELO), a pioneer in age-reversal science, has unveiled promising preclinical results highlighting the transformative potential of Telomir-1 in addressing Type 2 diabetes. Conducted in collaboration with India-based Pentagrit, the study evaluated Telomir-1 in zebrafish models of diabetes induced by high-calorie diets, revealing groundbreaking outcomes. Key findings include significant reductions in fasting glucose levels […]
Super Micro Computer (SMCI) has initiated the search for a new Chief Financial Officer (CFO) following recommendations from a special committee formed to review the company’s accounting practices. The announcement, made on Monday, comes as the AI server maker moves to bolster investor confidence and strengthen its financial oversight. The committee’s investigation, which spanned more […]
Nebius Group (NBIS), a fast-growing AI infrastructure firm, announced on Monday that it had raised $700 million in a private placement from investors, including Nvidia (NVDA), Accel, and Orbis Investments. The funding positions Nebius as a significant player in the race to build the technological backbone for artificial intelligence applications. The announcement comes as Nebius […]
Proposed Tariffs May Add $2,100 to U.S.-Made Cars and Cut Billions from Detroit’s Big Three Former President Donald Trump’s proposed tariffs on imported auto parts could significantly impact U.S. automakers, raising car prices for consumers and reducing profits for industry giants like Ford (F), Stellantis (STLA), and General Motors (GM). Analysts project that these tariffs, […]
Shares of Unusual Machines (AMEX: UMAC) and VCI Global Limited (NASDAQ: VCIG) are climbing in Tuesday’s trading session, spurred by developments that signal significant strategic momentum for both companies. Unusual Machines benefited from the addition of a prominent advisor to its team, while VCI Global rallied on news of a high-value project award in Malaysia. […]
In a strategic acquisition set to advance its cell therapy capabilities, Roche Holdings, Inc. announced its acquisition of Poseida Therapeutics (PSTX) for up to $13 per share, amounting to an equity value of approximately $1.5 billion. The transaction includes $9.00 per share in cash at closing, alongside a contingent value right (CVR) of up to […]
Rivian Automotive (RIVN) announced a significant boost to its expansion efforts with a “conditional commitment” for a $6.6 billion loan from the U.S. Department of Energy (DOE). This loan, part of the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) program, is intended to support Rivian’s stalled plans for a large-scale electric vehicle (EV) assembly plant near […]
