NetworkNewsBreaks

TuesdayJul 30, 2024 2:53 pm

NetworkNewsBreaks – WEEX, K9 Finance DAO Partner to Launch Projects on Shibarium Blockchain

WEEX, a leading cryptocurrency exchange platform, recently announced a strategic partnership with K9 Finance DAO, the official DeFi protocol of Shiba Inu (“SHIB”). The partnership is geared toward the launch of projects on Shibarium, an Ethereum Layer 2 blockchain. Shibarium is designed to address high gas fees and slow transaction speeds within the SHIB ecosystem. According to the announcement, WEEX selects premium projects from the thousands available on the Shibarium chain for its Launchpad and will list them on WEEX, supporting the SHIB community. For its part, K9 Finance DAO aims to bring decentralized finance to Shibarium and incentivize developers…

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TuesdayJul 30, 2024 2:23 pm

NetworkNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Surpasses Quarterly Earnings Expectations

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, recently reported its quarterly earnings, showcasing a performance that exceeded expectations. The company announced earnings of $1.19 per share, surpassing the Zacks Consensus Estimate of $0.96 per share. This marks an improvement from the $1.16 per share reported a year ago, representing an earnings surprise of nearly 24%. PayPal’s ability to consistently outperform consensus EPS estimates over the last four quarters highlights its robust financial health and operational efficiency. For the quarter ending in June 2024, PayPal posted revenues of $7.89 billion, exceeding the Zacks Consensus Estimate by 1.04%. This revenue figure represents…

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TuesdayJul 30, 2024 2:16 pm

NetworkNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Shares Progress on Its Iska Iska Silver-Tin Polymetallic Project in Southern Bolivia

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, today provided an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. According to the company, substantive progress has been made on the preliminary economic evaluation (“PEA”), which is focusing on the Ag-Zn-Pb-Sn mineralization. The preliminary optioneering study has shown that a 12 million tpa mining operation appears the most attractive option based upon XRT Ore Sorting and/or Dense Media Separation, which effectively doubles the grade feeding the milling…

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TuesdayJul 30, 2024 1:48 pm

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Bring New Quantum AI Solutions to Market

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, announced that it is extending its product development roadmap to strengthen the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML). According to the announcement, the company plans to make enhancements to its Leap™ quantum cloud service that will bring new Quantum AI solutions to market. These enhancements include support for quantum-enhanced and energy-efficient AI model training as well as integrating AI and optimization to address important customer use cases. The announcement noted that…

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TuesdayJul 30, 2024 1:17 pm

NetworkNewsBreaks – Pinterest Inc.’s (NYSE: PINS) Stock Surge and Elliott Investment Management’s Role

Pinterest (NYSE: PINS) has been in the spotlight since Elliott Investment Management, a notable activist investing firm, acquired a 9% stake in the company in July 2022. This move was a turning point for Pinterest, which at the time was trading at less than $20 per share. Since Elliott’s investment, Pinterest’s stock has more than doubled, reaching over $40 per share. This surge in stock price is closely tied to significant changes within the company, including a leadership transition that welcomed new CEO Bill Ready and strategic shifts such as embracing third-party ads, notably a partnership with Amazon, which played a…

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TuesdayJul 30, 2024 11:45 am

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Reports Long-Term Study Results Confirm Positive Results of Developing Treatment for AD

InMed Pharmaceuticals (NASDAQ: INM), a pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates for diseases with high unmet medical needs, is reporting on positive results from a long-term study of INM-901. The in vivo preclinical Alzheimer's disease (“AD”) involved seven months of dosing and confirms findings from an earlier short-term pilot study. The company reported that results from the study confirm improvements in cognitive function, memory and locomotor activity and show statistical significance in certain behavioral assessments.According to the announcement, InMed is moving forward with additional molecular analyses to better define the mechanisms of action and…

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TuesdayJul 30, 2024 10:32 am

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Inks Exclusive License in ‘Transformational’ Step to Treating GBM

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, has entered into an exclusive license agreement with Cortice Biosciences Inc. Through the agreement, CNS Pharmaceuticals has acquired a license as well as the intellectual property rights to a potentially blood-brain-barrier, permeable microtubule inhibitor called TPI 287. The inhibitor is being developed for the treatment of glioblastoma multiforme (“GBM”). In return for the license, CNS Pharmaceuticals will pay Cortice an up-front payment of 616,698 shares of its common stock, as well as the possibility…

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MondayJul 29, 2024 1:49 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Receives Order for Mullen Campus EVs from Leading Transportation and Logistics Company

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for four Mullen Campus electric vehicles from DB Schenker, one of the world’s leading transportation and logistics companies. According to the announcement, the vehicles will be used for mail and delivery on Intel’s technology campus in Chandler, Arizona. The order was received through one of Mullen’s commercial vehicle dealers, Randy Marion Automotive. The dealer has received payment for the vehicles, and the vehicles have been delivered to DB Schenker. According to the company, the Mullen Campus is a highly efficient electric van designed for low-speed, closed-campus use.…

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MondayJul 29, 2024 1:34 pm

NetworkNewsBreaks – WAGMI Miami Spotlighted in CryptoCurrencyWire’s Latest Audio Production

WAGMI Miami, the flagship event for blockchain and Web3 innovators, is featured in the latest release of the CryptoNewsAudio Production, a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. The latest audio production from CryptoCurrencyWire features IBN’s Jonathan Keim alongside Moe Levin, Founder of WAGMI Miami. During the interview, Levin discusses his roots in blockchain and crypto, as well as the upcoming conference scheduled for January 21-24, 2025. “Since 2013, I’ve been hosting these events in Miami for people to see what’s new and start the year off with exciting developments from around the…

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MondayJul 29, 2024 12:51 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Enters Definitive Agreement to Embark on New Journey Together with Koito

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, is announcing the signing of a definitive agreement. The agreement provides for the acquisition of Cepton by Koito Manufacturing Co. Ltd. (TSE: 7276), a leading automotive tier one supplier. Specifically, Koito will acquire all the outstanding capital stock of Cepton not owned by itself in an all-cash transaction, with Cepton stockholders receiving $3.17 per share in cash. According to the announcement, the proposed transaction has been approved by each company’s Board of Directors and recommended to Cepton’s stockholders by Cepton’s Board of Directors. It is expected…

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