Breaks Categories: News

WednesdayAug 14, 2024 12:00 pm

NetworkNewsBreaks – Impact of Trump-Musk Conversation on Trump Media & Technology Group Corp. (NASDAQ: DJT) Stock

Trump Media & Technology Group (NASDAQ: DJT) recently faced a downturn, attributed to a public conversation between former President Donald Trump and Tesla CEO Elon Musk on the social media platform X. This event, as reported by Barrons on August 13, 2024, has seemingly influenced investor sentiment negatively, leading to a decrease in the stock’s value. Trump Media, a company that has been in the spotlight due to its high-profile affiliations and controversial nature, competes in the crowded media and technology sector, where public perception can significantly impact stock performance. The stock, trading at $23.79, saw a decline of $0.19, marking a decrease…

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WednesdayAug 14, 2024 11:20 am

NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Production Update for SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided a production update for the SASB gas field. According to the update, successful production and completion of 4 workovers at Guluc-2, South Akcakoca-2, West Akcakoca-1, and Akcakoca-3 wells on the Akcakoca Platform marks a major milestone in the company’s strategic perforation program, increasing gas production capacity at the Black Sea asset. Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded. The update noted that the SASB revitalization…

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WednesdayAug 14, 2024 11:02 am

NetworkNewsBreaks – Torr Metals Inc. (TSXV: TMET) Appoints Global Mining Sector Veteran to the Board of Directors

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, today announced the appointment of Mr. Gordon Maxwell, P.Geo, as a new member of its Board of Directors. Gordon is a highly distinguished B.Sc. Hon. Geologist from the University of Manitoba with nearly four decades of experience across the global mining sector, holding significant leadership roles at Noranda Exploration, Xstrata, and Glencore. In addition, his contributions to the Canadian mining industry have earned him prestigious industry accolades. “We are thrilled to welcome Gordon to Torr Metals. With his wealth of knowledge in the regions and mineralizing systems central to our project,…

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WednesdayAug 14, 2024 9:00 am

NetworkNewsBreaks – Oragenics Inc. (NYSE American: OGEN) Reports Concussion Drug Stable Across Wide Range of Temps

Oragenics (NYSE American: OGEN), a company focused on developing unique, intranasal pharmaceuticals for the treatment of neurological disorders, recently completed the synthesis of its ONP-002 drug batch for its upcoming planned phase 2 clinical trial. Consequently, the company is reporting that ONP-002, its lead candidate for treating concussion, is stable across a wide temperature range, thus eliminating the need for cumbersome cold storage during transport and storage. Specifically, the company reported three-month stability with more than 99% purity at temperatures ranging from -20°C to 104°C. “We understand the importance of getting ONP-002 into the brain quickly after concussive injury to…

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TuesdayAug 13, 2024 3:31 pm

NetworkNewsBreaks – Match Group Inc. (NASDAQ: MTCH) Shifts Focus from Livestreaming to Generative AI

Match Group (NASDAQ: MTCH), the parent company behind some of the most popular dating apps, is undergoing a significant transformation in its business strategy. This shift involves moving away from livestreaming services to focus more on generative AI technologies. This strategic pivot comes in response to changing customer behaviors post-pandemic and the intense competition from platforms like TikTok, which have impacted the growth of livestreaming revenue. Match Group’s decision to end livestreaming services, including the “Live!” feature on Plenty of Fish (“POF”) and BLK, as well as shutting down the Hakuna app, is expected to result in a $60 million…

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TuesdayAug 13, 2024 2:48 pm

NetworkNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Confirmation of Potential Commercial Grade Direct Shipping Products at Storm

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, USA, today confirmed potential commercial grade Direct Shipping Products (“DSPs”) at the Storm Project on Somerset Island, Nunavut. This followed a successful metallurgical study and test work program, with DSP processing test work completed on each of the Cyclone and Chinook Deposits. American West Metals Limited is conducting the studies and exploration program. According to the announcement, this test work confirmed that the Cyclone and Chinook copper mineralization is amenable to upgrading and that high recoveries can…

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TuesdayAug 13, 2024 1:29 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Releases Financial Results, Business Update

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is providing a financial and business report for the three- and nine-month period ended June 30, 2024. Highlights of the report indicate a positive stockholders’ equity of $53 million and total assets of $192 million. The report also noted, among other key milestones, that the company has secured a substantial $250 million new financing commitment; has announced a lease program for Class 1 EV cargo vans created with a focus on individuals, small businesses and fleets; and has received an order for 20 Mullen-GOs from GAMA (“GAMA”), one of its international distributors. In…

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TuesdayAug 13, 2024 11:58 am

NetworkNewsBreaks – DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Releases Q2 2024 Financial Results

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital games on mobile and web-based platforms, is reporting its second-quarter 2024 unaudited financial results, for the period ended June 30, 2024. Highlights of the report include an increase of revenue to $88.2 million from $75.2 million in Q2 2023; an increase in operating expenses to $52 million from $47.7 million in Q2 2023; an increase in net income to $33.3 million; and an increase in Adjusted EBITDA to $37 million from $27.6 million in Q2 2023. “We continued to drive strong growth across our business in the 2024 second quarter,…

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TuesdayAug 13, 2024 10:54 am

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Releases Results of Q2 2024 Financial, Business Operations

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its business and financial results for the second quarter ended June 30, 2024. Highlights of the report included the signing of an agreement and plan of merger for the acquisition by Koito Manufacturing Co. Ltd. (“Koito”), the completion of key milestones in an engineering services contract with Koito, continued final sourcing discussions with a top 10 global automotive OEM and continued RFQ first-round discussions with a top 3 global automotive OEM. The report also noted the execution of Ultra long-range lidar B-sample demonstrations and RFI/RFQ discussions…

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TuesdayAug 13, 2024 10:13 am

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Signs Definitive Loan Restructuring Agreement with EIB Converting Debt into Equity

Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on developing inflammation and immunology (“I&I”) biological products and providing CDMO services through its Scinai Bioservices business unit, today announced the signing of a definitive Loan Restructuring Agreement with the European Investment Bank (“EIB”), its lender. The agreement also included an amendment and restatement to the Finance Contract between the parties. According to the announcement, an amount equal to approximately €26.6 million (approximately $29 million), including interest accrued to date, owned by Scinai to EIB under the finance contract, will be converted into 1,000 preferred shares, no par value per share, of…

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