[ad_1] An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesThe Food and Drug Administration on Friday approved Eli Lilly’s blockbuster weight loss drug Zepbound for treating patients with the most common sleep-related breathing disorder, expanding its use and possibly its insurance coverage in the U.S.The weekly injection is now the first drug treatment option cleared for patients with obesity and moderate-to-severe obstructive sleep apnea, or OSA, which refers to breathing interrupted during sleep due to narrowed or blocked airways. Zepbound should…
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[ad_1] Ford (NYSE:) Brandy, the Senior Vice President and Chief Accounting Officer of ScanSource , Inc. (NASDAQ:), a company currently valued at $1.14 billion with strong financial health according to InvestingPro analysis, recently sold 1,845 shares of the company’s common stock. The shares were sold at an average price of $49.38, totaling approximately $91,106. Following this transaction, Brandy retains ownership of 9,506 shares in the company. The sale was executed on December 19, 2024, as per the latest SEC filing. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, with the company maintaining robust…
[ad_1] Germany-based venture capital fund Robin Capital closed its Robin Fund One at 13 million euros (about $13.6 million). “Robin Fund One is closed,” Robin Haak, Robin Capital founder and managing partner, said in a Friday (Dec. 20) post on LinkedIn. “Robin Capital is here to stay. I get to do what I love: Support founders.” Robin Capital also has a growth-focused investment vehicle of 2 million euros, bringing its total to 15 million euros, according to a TechCrunch article Haak linked to in his post. Robin Capital specializes in B2B software as a service (SaaS), according to the firm’s…
[ad_1] Investing.com — Boston Beer Company Inc (NYSE:) cut its full-year GAAP earnings per share guidance to $3.80-$5.80, down from $5.50-$7.50. The company said it has amended its production agreement with Rauch North America to better align with its future capacity needs. The revised deal enhances production flexibility and grants Boston Beer improved termination rights. As part of the agreement, Boston Beer will make a $26 million cash payment to Rauch by December 23, resulting in a pre-tax contract settlement expense of $26 million, or $1.70 per diluted share after tax, in the fourth quarter of 2024. Non-GAAP EPS guidance…
[ad_1] By Alexandra Alper and Karen Freifeld (Reuters) – The Biden administration plans to blacklist a Chinese company whose TSMC-made chip was illegally incorporated into a Huawei artificial-intelligence processor, according to a person familiar with the matter. The Chinese company, Sophgo, drew attention after a chip found on Huawei’s Ascend 910B multi-chip system matched one it ordered from Taiwan Semiconductor Manufacturing Company. Sophgo is the latest Chinese company slated to be punished by the U.S. for helping Huawei. This month, the Commerce Department added other companies viewed as part of Huawei’s shadow network to the U.S. Commerce Department’s restricted trade…
[ad_1] Data is mounting that shared transportation reduces congestion and has massive benefits for the environment. Bikeshares and e-scooters replace car trips, but even car-shares change how people think about the way they use automobiles. (Momentum)If car-sharing is so great, though, why are so many companies going bust? The numbers just don’t seem to pencil out for a for-profit business, but maybe nonprofits that look at carshares like a last-mile solution for transit could work. (Fast Company)In a case involving Colorado’s challenge to a new railroad that would allow for quadrupling a Utah oil field’s production, the U.S. Supreme Court…
[ad_1] Roseland, NJ, Dec. 20, 2024 (GLOBE NEWSWIRE) — Gaxos.ai Inc. (Nasdaq: GXAI), (Gaxos or the Company), a company developing artificial intelligence applications across various sectors, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 1,449,277 shares of its common stock at a purchase price of $3.45 per share. In addition, in a concurrent private placement, the Company issued unregistered warrants to purchase up to 1,449,277 shares of common stock. The warrants have an exercise price of $3.32 per share, are exercisable upon issuance…
[ad_1] The Nasdaq Composite has been on an epic run over the past couple of years, driven higher by the recovering economy, the rapid adoption of artificial intelligence (AI), an undisputed U.S. Presidential election, and two recent interest rate cuts by the Federal Reserve Bank. After the tech-centric index surged 43% in 2023, it’s up roughly 34% so far this year (as of this writing). History suggests there’s still upside as we head into 2025. Records shows the current bull market kicked off on Oct. 12, 2022. While each rally has its own nuances, history can help provide perspective. Bull…
[ad_1] Investing.com – U.S. stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in NYSE, the rose 1.18%, while the index gained 1.09%, and the index climbed 1.07%. The best performers of the session on the were NVIDIA Corporation (NASDAQ:), which rose 3.16% or 4.14 points to trade at 134.82 at the close. Meanwhile, Unitedhealth Group (NYSE:) added 2.29% or 11.22 points to end at 500.47 and Goldman Sachs Group Inc (NYSE:) was up 2.23% or 12.35 points to 566.34 in late trade. The worst performers of the…
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