NetworkNewsBreaks

TuesdayFeb 18, 2025 12:46 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) to Present at 6th Glioblastoma Drug Development Summit

CNS Pharmaceuticals (NASDAQ: CNSP) announced its participation in the 6th Glioblastoma Drug Development Summit, taking place Feb. 18-20, 2025, in Boston. Chief Medical Officer Dr. Sandra Silberman will present on Feb. 20 at 10:45 a.m. ET, discussing novel formulations of anthracyclines and taxanes designed to cross the blood-brain barrier. The company’s lead candidate, Berubicin, has completed patient enrollment in a pivotal study against glioblastoma, with primary analysis data expected in the first half of 2025. CNS Pharmaceuticals is also advancing TPI 287 and plans to engage with the FDA on trial design. Berubicin has received Fast Track and Orphan Drug…

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TuesdayFeb 18, 2025 12:21 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Enhances Ad Offerings and AI Integration to Boost Revenue

Snap (NYSE: SNAP) is introducing new advertising formats, including Sponsored Snaps and Promoted Places, to increase ad inventory and drive revenue growth. The company is also investing in artificial intelligence and augmented reality technologies to enhance user engagement and offer more sophisticated ad targeting options. These initiatives aim to attract advertisers seeking innovative ways to reach Snap's predominantly young user base. As of February 18, 2025, Snap Inc.'s stock is trading at $10.85, reflecting a decrease of $0.42 (3.73%) from the previous close. The company's market capitalization stands at approximately $18.41 billion. To view the full article, visit https://nnw.fm/8wuGN About…

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TuesdayFeb 18, 2025 11:23 am

NetworkNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Reports $400 Million Loss Amid Revenue Decline

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, reported a net loss of $400.9 million for the fiscal year 2024, with annual revenue decreasing by 12% to $3.6 million. The company attributed part of these losses to a revenue-sharing agreement with an undisclosed advertising partner. Following his presidential election victory in November, Donald Trump transferred his shares, valued at approximately $4 billion, to the Donald J. Trump Revocable Trust, with Donald Trump Jr. as the sole trustee. The company, citing its early development stage, does not disclose traditional performance metrics. Trump Media became publicly traded…

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TuesdayFeb 18, 2025 11:11 am

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to Invest in Goliath Resources Amid High-Grade Gold Results

McEwen Mining (NYSE: MUX) (TSX: MUX) is set to acquire 5.18 million units of Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) in a non-brokered private placement, reinforcing its interest in Goliath’s high-grade gold exploration at the Surebet discovery in British Columbia’s Golden Triangle. Goliath reported intercepts of up to 10.91 g/t AuEq over 10 meters, with 92% of 2024 drill holes containing visible gold. The transaction includes shares of McEwen Mining issued in exchange, with each unit comprising one Goliath common share and half a warrant exercisable at C$2.50 per share for 12 months. To view the full press release,…

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TuesdayFeb 18, 2025 10:49 am

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Tops List of Most Profitable Tech Stocks

Alphabet I(NASDAQ: GOOGL) (NASDAQ: GOOG) the parent company of Google, has been recognized as the most profitable tech company, reporting $100 billion in profits. The company's impressive financial performance is driven by its dominance in internet-related services and products, including its leading search engine, advertising platforms, and cloud computing services. Alphabet's commitment to innovation and expansion into various technology sectors has solidified its position at the forefront of the industry. As of 7:16 AM ET on Feb. 18, Alphabet's stock is trading at $185.23, reflecting a decrease of $0.96 (0.52%) from the previous close. To view the full article, visit…

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TuesdayFeb 18, 2025 9:35 am

NetworkNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) to Announce Q4 and Fiscal Year 2024 Results on March 12, 2025

Hello Group (NASDAQ: MOMO), a leading player in mainland China's online social networking space, has scheduled the release of its fourth quarter and fiscal year 2024 financial results for March 12, 2025. The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss the results. As of February 18, 2025, Hello Group's stock is trading at $7.91, reflecting an increase of $0.08 (1.02%) from the previous close. The day's trading range has been between $7.83 and $8.30, with a 52-week range of $4.79 to $8.30. The…

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TuesdayFeb 18, 2025 9:30 am

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Reports Q2 Fiscal 2025 Results, Highlights Key Project Developments

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) reported its fiscal second-quarter results, highlighting a substantial increase in independent power producer (IPP) revenue to $5.4 million from $0.1 million year over year. The company’s gross profit rose to $5.9 million, representing 29.2% of revenues, compared to $4.8 million or 18.4% in the prior year. Adjusted EBITDA reached $2.4 million, up from $0.3 million in 2024, while total assets surged 372% to $185.3 million following the Solar Flow-Through Funds Ltd. acquisition. Despite these gains, the company posted a net loss of $1.9 million, or $0.06 per basic share,…

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TuesdayFeb 18, 2025 8:50 am

NetworkNewsBreaks – Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) Remains Cautious Amid Market Rally

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) led by Warren Buffett, is maintaining a conservative investment approach despite the S&P 500's 25% return in 2024 and continued gains this year. The company was a net seller of stocks in the fourth quarter, unloading approximately $6 billion and divesting large portions of its Apple holdings. Buffett’s strategy reflects his long-term caution, similar to his response to the late 1990s internet bubble. Notably, Berkshire’s significant new purchase in Q4 was $1 billion in Constellation Brands, while major sales included $5 billion in Bank of America and $3 billion in Citigroup. Despite these sales,…

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TuesdayFeb 18, 2025 8:30 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Offers On-Premises Quantum Computing Systems for Research and Government Use

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that it is making its Advantage™ quantum computing systems available for purchase by research centers, academic institutions, and governments, enabling on-premises quantum experimentation and development. D-Wave expects the move, which is highlighted by Forschungszentrum Jülich’s recent acquisition of a D-Wave Advantage system, to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. The offering includes shipping, installation, calibration, ongoing maintenance, and assistance with local hybrid quantum solver setup. Additionally, D-Wave introduced the "Quantum Uplift" program, offering incentives for organizations dissatisfied with competitor quantum systems. To view the…

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TuesdayFeb 18, 2025 8:30 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Moves to Challenge Nvidia (NASDAQ: NVDA) With Potential AI Chip Acquisition

Meta Platforms (NASDAQ: META) is reportedly in discussions to acquire South Korean chip startup FuriosaAI, a move that could challenge Nvidia’s (NASDAQ:NVDA) dominance in AI hardware. FuriosaAI specializes in inference chips designed for artificial intelligence models, and this potential acquisition aligns with Meta’s strategy to enhance its in-house AI capabilities, reducing reliance on external suppliers like Nvidia. This development comes as Meta continues its impressive stock rally, with shares rising consistently over the past weeks. As of 7:12 AM ET on Feb. 18, Meta Platforms’ stock is trading at $736.67, reflecting an increase of $8.06 (1.11%) from the previous close.…

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