The company expects its current cash position and retained portions of payments from its agreement with Vertex to support operations into the second quarter of 2027.
Lucky Strike plans to enhance the offerings at Visalia Adventure Park, which it described as the “go-to destination” for families for over two decades.
Intel shares extended their two-day slide on Wednesday after former President Donald Trump called for the repeal of the Chips Act during a joint session of Congress.
Blackstone Credit & Insurance and ITE Management also launched a strategic forward flow partnership. Under this, BXCI will target providing ITE with up to $2 billion of capital for investments and financing over the initial phase of the partnership.
Investors will watch for updates on Broadcom’s dealings with Intel, whether it involves a potential acquisition or chip production using Intel’s 18-A process.
The company highlighted delays in U.S.-based project bookings and warned that corporate governance and business transformation costs would remain elevated in the fourth fiscal quarter.
According to a CNBC report, JPMorgan analyst Stephen Tusa noted that the stock is trading below its HVAC peers and the sector. The analyst considers the stock the most attractive of the top three premium HVAC players on a relative basis.
KKR acquired a 65% majority stake in Seiyu from Walmart in 2021 and then bought an additional 20% stake from Rakuten in 2023, taking its total shareholding to 85%. The investments were made from the company’s Asian Fund IV.
The health agency has accepted Capricor's Biologics License Application for full approval of deramiocel as a treatment for Duchenne muscular dystrophy cardiomyopathy.
CEO Sheldon Koenig expects to drive further revenue gains and reach operating profitability through the expansion of its bempedoic acid products in the U.S. and Europe and global expansion into key markets.
The highlight was the 234% surge in cryptocurrency ADV. CME reported a record monthly Ether futures ADV of 15,000 contracts. Micro Ether futures ADV jumped 374% to 94,000 contracts, while Micro Bitcoin futures ADV rose 209% to 76,000 contracts.
Honeywell expects the deal to be immediately accretive to its sales growth, segment margin, and adjusted earnings per share in the first full year of ownership. The acquisition is expected to close in the second quarter of 2025.
Bank of America Securities views Vistra’s core business of baseload generation and competitive retail as well-positioned to benefit from tightening markets, increasing demand, and retail growth, regardless of data center deals.
Analysts noted that Okta’s sales productivity had reached a multi-year high and expressed increased confidence that its newer offerings have the potential to drive long-term revenue growth.
