Breaks Categories: News

TuesdayJun 04, 2024 3:04 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Announces IRB Approval for Acute Alcohol Intoxication Study

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions to address ailments affecting millions worldwide, has received approval for its METAL-2 trial to be conducted in the United States. The approval came from the institutional review board (“IRB”). With the approval, FSD Pharma can now begin to plan execution of the clinical study and to recruit participants for the clinical trial. “We are excited that the METAL-2 trial has received IRB approval, allowing us to advance this clinical study in the United States,” said FSD Pharma vice…

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TuesdayJun 04, 2024 1:07 pm

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Significantly Expands Fr8Radar, Enhancing Fr8App Platform’s Capabilities

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is an innovative logistics technology solutions company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company has announced a significant milestone in the expansion of its Fr8Radar module in the first half of 2024, having successfully integrated with 15 new GPS providers, bringing the total number of GPS integrations to 28. “At Freight Technologies, we are committed to advancing the logistics industry through cutting-edge technology,” said Javier Selgas, chief executive officer of Freight…

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TuesdayJun 04, 2024 12:30 pm

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Showcases Leadership in Quantum Computing Industry at 19th Annual Needham Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers, has posted a recording of its recent fireside chat at the 19th Annual Needham Technology, Media and Consumer Conference. The discussion between D-Wave CEO Dr. Alan Baratz, D-Wave CFO John Markovich and Needham senior analyst Quinn Bolton addressed a variety of topics related to D-Wave’s leadership in the quantum computing industry, including its technical progress, why its annealing technology is more applicable to commercial applications, and how customers are using its solutions to address today’s highly…

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TuesdayJun 04, 2024 11:08 am

NetworkNewsBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) Strategic Expansion in Singapore and Its Financial Health

Alphabet’s (NASDAQ: GOOGL, GOOG) Google has recently completed a major expansion of its data center and cloud facilities in Singapore, marking a total investment of $5 billion in the country’s technical infrastructure. This move is a clear indication of Google’s commitment to strengthening its service capabilities and infrastructure in Southeast Asia. Google, a global leader in internet services and products, is well-known for its search engine, digital advertising, cloud computing, and various other technologies. This investment in Singapore is part of Google’s broader strategy to enhance its cloud services and data management capabilities across the globe. The financial performance of Google…

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MondayJun 03, 2024 3:55 pm

NetworkNewsBreaks – Upstream Now Accepting Ether, Bitcoin Applications for ETFs to List 

Upstream, a MERJ Exchange stock market and global trading app, is accepting applications for both Ether and Bitcoin Exchange-Traded Funds (“ETFs”) to list. This move comes after the U.S. Securities and Exchange Commission (“SEC”) approved the first eight applications for spot Ether ETFs, marking a significant milestone in the crypto and greater blockchain community as well as recognizing growing demand for exposure to cryptocurrencies in mainstream financial markets. According to the article, the approval implies that Ether, like Bitcoin, is a commodity. The SEC approved the following ETFs: Blackrock’s iShares Ethereum Trust, VanEck Ethereum Trust, Fidelity Ethereum Fund, ARK 21Shares Ethereum ETF,…

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MondayJun 03, 2024 3:26 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Announces Reverse Stock Split

CNS Pharmaceuticals (NASDAQ: CNSP), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today announced a 1-for-50 reverse split of its common stock, effective at 4:01 p.m. ET on June 4, 2024. According to the update, beginning on June 5, 2024, the company’s common stock will continue to trade on the Nasdaq Capital Market on a split adjusted basis under the trading symbol CNSP, but will trade under the following new CUSIP number: 18978H300. The move is primarily intended to increase CNSP’s share trading price and bring…

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MondayJun 03, 2024 10:33 am

NetworkNewsBreaks – Nutriband Inc. (NASDAQ: NTRB) Releases Q1 2024 Quarterly Report

Nutriband (NASDAQ: NTRB), a developer of transdermal pharmaceuticals and technology, is reporting its first-quarter 2024 revenues. According to the report, the company saw revenues of $408,532 while also strengthening its balance sheet with the completion of an $8.4 million private placement involving existing and new shareholders; shares for the placement were offered at $4 per share. Nutriband also reported a cash position of $8,347,739. In the report, the company observed that it been focused on using penetration pricing to gain a foothold. “Meanwhile in Q1, the company has made further advancements in its development of AVERSA, and it is maintaining…

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FridayMay 31, 2024 3:45 pm

NetworkNewsBreaks – Biomerica Inc. (NASDAQ: BMRA) Announces Agreement in $5.5M At-the-Market Offering

Biomerica (NASDAQ: BMRA), a biomedical technology company that develops, patents, manufactures and markets advanced diagnostics and therapeutic products, has entered into an at-market issuance sales agreement with EF Hutton LLC and R.F. Lafferty & Co. Inc. According to the company, the agreement is related to BMRA common stock shares. The company filed a prospectus supplement on May 10, 2024. EF Hutton is serving as sales agent to Biomerica in connection with the $5.5 million at-the-market offering. “In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock pursuant to this prospectus having…

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FridayMay 31, 2024 3:35 pm

NetworkNewsBreaks – Btab Ecommerce Group Inc. (BBTT) Inks BCA, Underscores Commitment to Expand Reach, Support Small Businesses Worldwide

Btab Ecommerce Group Inc. (OTC: BBTT), an e-commerce company, has entered into a definitive business combination agreement (“BCA”) with Integrated Wellness Acquisition Corp. (NYSE: WEL), a special purpose acquisition company. According to the announcement, the agreement calls for a wholly owned subsidiary of WEL to merge with BBTT, which will survive the merger, becoming a wholly owned subsidiary of WEL. After the transaction is closed, WEL will be renamed Btab Ecommerce Holdings Inc.; it is anticipated that the company will continue to be listed on NYSE. Btab offers a range of services designed to meet the diverse needs of small…

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FridayMay 31, 2024 3:30 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Invests Heavily in AI and Machine Learning to Revitalize Its Business

Snap (NYSE: SNAP), under the guidance of CEO Evan Spiegel, is making a bold move by significantly ramping up its investment in artificial intelligence (“AI”) and machine learning technologies, with plans to spend $1.5 billion annually. This strategic decision is a response to the company’s realization that it had lagged in machine learning advancements, which was adversely affecting its business operations. By concentrating its efforts on achieving state-of-the-art capabilities in AI and machine learning, Snapchat aims to not only catch up but also surpass its competitors in these critical technological domains. The company’s pivot towards AI and machine learning is part of…

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