Jul.13 -- Qichao Hu, founder and chief executive officer of SES, sees exciting global trends for the EV market and discusses the company's partnership strategy. He speaks with Bloomberg's Kailey Leinz on "Bloomberg Markets."
Hepion Pharmaceuticals Inc (NASDAQ: HEPA) has announced positive topline results from its Phase 2a AMBITION NASH clinical trial evaluating CRV431, a potent inhibitor of cyclophilins. In the trial, CRV431 blood concentrations after oral dosing of either 75 mg or 225 mg once daily were in the anticipated effective range for NASH treatment. The drug reached maximum concentrations within two hours after dosing with an effective half-life of approximately 30 hours, supporting once-daily dosing. The p
SES will debut by year end as GM and other automakers anticipate a battle over battery supplies amid a global EV boom.
Lithium-metal battery supplier SES said Tuesday it is going public by merging with special purpose acquisition corporation Ivanhoe Capital Acquisition Corp. in a deal with an implied equity value of about $3.6 billion, including a $300 million earn-out. The deal is expected to give SES, a supplier for electric vehicles, up to $476 million in gross proceeds to fund its growth plans, including a $200 million private investment in public equity, or PIPE, from investors that include General Motors ,
(Bloomberg) -- Battery maker SES Holdings Pte has agreed to go public by merging with Ivanhoe Capital Acquisition Corp. in a deal that will value the combined company at about $3.6 billion.The combined entity will get as much as $476 million in gross proceeds, according to a statement Tuesday that confirmed an earlier Bloomberg News report.That includes about $276 million from Ivanhoe, a special purpose acquisition company, or SPAC, plus a fully committed private investment in public equity, or
The tie-up puts everything from ticketing to merchandise on the table for NFTs from the multinational suds conglomerate.
The S&P 500 was mostly flat near its record Tuesday after a hotter-than-expected inflation report overshadowed a strong start to Q2 earnings season.
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Wednesday. Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action against DiDi Global (NYSE: DIDI) and other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.
Shares of Virgin Galactic Holdings (NYSE: SPCE) fell as much as 13.1% in trading on Wednesday, continuing a slide that's beaten down shares all week. The only announcement out from Virgin Galactic today was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. The sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock.
The S&P 500 has been rising all year, and to date has posted gains of more than 16%. After a more volatile start to the year, with strong swings up and down from January to the end of May, during which investors pulled back from the tech giants, the NASDAQ has joined the upward trend. Its year-to-date gain now stands at 14%, and like the S&P, sits just under a record high level. But how much room is there for further growth across the board? In an environment like this, investors need to take ca
As of 2 p.m. EDT, the stock's price was up more than 2%, which placed Apple's market capitalization at a staggering $2.5 trillion. Apple is reportedly preparing to boost shipments by 20% compared to 2020's levels. Apple is expected to debut its latest-generation iPhones in September.
Prospective profit-takers took decided action today, but there may well be more of the same to come.
The market is giving tiny multiples to Carvana and eXp World. This mispricing is an opportunity for savvy investors.
These stocks have dividend yields that are at least three times as high as the yields on 10-year U.S. Treasury notes.
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?
CEO of Ty J. Young Wealth Management, Ty J. Young joined Yahoo Finance Live to break down the long term impacts of the meme stock revolution.
Shares of Virgin Galactic Holdings (NYSE: SPCE) fell as much as 13.1% in trading on Wednesday, continuing a slide that's beaten down shares all week. The only announcement out from Virgin Galactic today was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. The sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock.
The confetti and decorations may have been taken down after New Year's Eve, but the party didn't stop for investors in FuelCell Energy (NASDAQ: FCEL) for another few weeks. Between unfavorable opinions of the stock echoing on Wall Street and the company's uninspiring first-quarter 2021 earnings report, the stock failed to rebound in April. Unlike fuel cell peers like Plug Power and Bloom Energy, which have successfully grown their top lines over the past few years, FuelCell Energy has struggled to grow revenue -- a worrying sign that investors were reminded of when the company reported Q1 earnings in March.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia) are pleased to announce they have successfully completed drilling operations of the second stratigraphic test well (6-1) in the Kavango basin of NE Namibia.
A photo of a sign outside a Lincoln, Neb., Burger King has gone viral. The sign, which reads “we all quit” and “sorry for the inconvenience,” was put up by disgruntled staff members trying to send a message to upper management. “They wanted to put up a sign to say, you know sorry there’s really not going to be anyone here,” former general manager Rachael Flores told a local ABC affiliate.
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