NetworkNewsBreaks

TuesdayJan 28, 2025 12:55 pm

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Appeals Record EU Antitrust Fine Amid Regulatory Scrutiny

Alphabet (NASDAQ: GOOGL, GOOG), through Google, is currently appealing a significant antitrust fine imposed by the European Union. The fine, amounting to €4.3 billion (approximately $4.5 billion), is the largest ever levied by the EU. The case, which began in 2018, accuses Google of using its market power to maintain dominance in the search engine sector. This involves requiring handset manufacturers to pre-install Google Search and Chrome to access the Play Store, offering financial incentives for pre-installation, and restricting the use of unapproved Android versions. EU lawyers argue that Google used a “carrot and stick strategy” to control the Android…

Continue Reading

TuesdayJan 28, 2025 11:44 am

NetworkNewsBreaks – Snow Lake Resources Ltd. (NASDAQ: LITM) Closes $16M Offering

Snow Lake Resources (NASDAQ: LITM) d/b/a Snow Lake Energy, a uranium exploration company, announced the closing of its best-efforts offering of 16,000,000 common shares, each at a public offering price of US$1.00, for gross proceeds of US$16.0 million. Snow Lake intends to use the net proceeds for working capital and general corporate purposes. ThinkEquity acted as sole placement agent for the offering. To view the full press release, visit https://nnw.fm/xjoXV About Snow Lake Resources Ltd. Snow Lake Resources, d/b/a Snow Lake Energy, is a Canadian clean energy exploration company listed on (NASDAQ: LITM), with a global portfolio of clean energy…

Continue Reading

TuesdayJan 28, 2025 10:18 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands Presence on U.S. College Campuses with Additional EV Orders

Mullen Automotive (NASDAQ: MULN) announced the sale of five additional Mullen ONE Class 1 EV cargo vans to two major California universities in Los Angeles and the San Francisco Bay Area. The orders, fulfilled by EV dealers Papé Group and Randy Marion Automotive Group, highlight Mullen’s alignment with institutions prioritizing carbon emission reductions. CEO David Michery emphasized that repeat orders reflect the performance and value of Mullen's commercial EVs. The company’s lineup, including the Mullen ONE and Mullen THREE, meets stringent U.S. safety and emissions standards and continues to gain traction in campus and urban fleet applications nationwide. To view…

Continue Reading

TuesdayJan 28, 2025 9:58 am

NetworkNewsBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Ends SEPA Agreement Following Successful Fundraising

Calidi Biotherapeutics (NYSE American: CLDI), a clinical-stage biotechnology company specializing in targeted antitumor virotherapies, reported a cash balance of approximately $9.6 million as of Dec. 31, 2024, and announced the termination of its Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., effective Jan. 23, 2025. Calidi secured $9.5 million in gross proceeds in late 2024 through public offerings, $2.0 million from warrant exercises, and $3.1 million via its At-The-Market Offering Agreement ("ATM"), alongside $4.25 million raised in January 2025. CEO Allan Camaisa emphasized the move as a strategic step to enhance shareholder value and focus on advancing its…

Continue Reading

MondayJan 27, 2025 3:30 pm

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Moves Forward with ‘A Compelling Opportunity for Growth’

Brera Holdings (NASDAQ: BREA) is an Ireland-based, international holding company with a global portfolio of men’s and women’s sports clubs. An article featuring the company highlights its recent announcement of its initial closing through the successful signing of an SPA, the first step in a three-step process to acquire a majority equity ownership interest in SS Juve Stabia srl, an Italian Serie B football club. “With Serie B’s expanding commercial prospects, Juve Stabia offers a compelling opportunity for growth,” Daniel McClory, Brera Holdings’ executive chairman, said of the strategic move. “We are excited to partner with local management and invest in…

Continue Reading

MondayJan 27, 2025 1:10 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Under FTC Scrutiny Over AI-Powered Chatbot

Snap (NYSE: SNAP), the parent company of the widely-used social media platform Snapchat, is currently facing an investigation by the Federal Trade Commission (“FTC”). The probe centers around Snap’s AI-powered chatbot, My AI, which is integrated within Snapchat and has raised concerns about potential risks to young users. This has led to a complaint being referred to the Department of Justice, marking a significant development in the ongoing scrutiny of AI technologies and their impact on user safety. Snap has responded to the FTC’s allegations by highlighting what it perceives as inaccuracies in the complaint and a lack of substantial…

Continue Reading

MondayJan 27, 2025 12:28 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned Amidst Growing Demand in AI Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned to benefit from the surging demand for crucial minerals in the AI industry. A recent article highlights this opportunity demonstrated in strategic moves taken by Isreal and the U.S. “The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space,” the publication reads. “It should…

Continue Reading

MondayJan 27, 2025 12:01 pm

NetworkNewsBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Marks Key Milestone Through BlackSwan Acquisition

HUB Cyber Security (NASDAQ: HUBC) (“HUB”), a global leader in advanced cybersecurity and data fabric technology, today announced the closing of its highly anticipated acquisition of BlackSwan Technologies, Inc. “This acquisition marks a pivotal milestone for HUB, strengthening our position as a leader in secured data management and compliance solutions,” said Noah Hershcoviz, CEO of HUB Cyber Security. “We strongly believe BlackSwan’s innovative technologies will enable us to deliver unparalleled value to our clients, particularly in the financial sector, where the demand for robust security and compliance is especially high. With over $50 million invested in BlackSwan’s cutting-edge solutions, we…

Continue Reading

MondayJan 27, 2025 10:53 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports FY2024 Results and Highlights Commercial EV Growth

Mullen Automotive (NASDAQ: MULN) reported a net loss of $471 million for the fiscal year ending Sept. 30, 2024, an improvement from the prior year's $964.9 million loss. FY2024 revenues increased to $1.1 million, driven by invoicing 443 commercial vehicles valued at $21 million, up from 35 vehicles invoiced in FY2023. The company achieved significant milestones, including the production and certification of its Class 1 and Class 3 EVs, as well as Bollinger Motors' Class 4 electric trucks, which generated $4.2 million in revenue since their September 2024 launch. CEO David Michery acknowledged challenges in the EV sector but emphasized…

Continue Reading

MondayJan 27, 2025 10:35 am

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) CEO Shares Bright Forecast in Sustainable Biz Canada Article

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN), an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the U.S., was featured in an article published by Sustainable Biz Canada. The piece highlights SolarBank’s achievement in exceeding its fiscal year 2024 income with two deals, the company’s pursuit of expansion, as well as its optimistic outlook despite vocal resistance to EVs and the anti-renewables rhetoric from the Trump administration. In the article, SolarBank's president and CEO Richard Lu discussed sunny days ahead for the Toronto-based company as…

Continue Reading