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"From a 1974 Oil Tanker to a 2025 Philippine Patrol Vessel": HD Hyundai Achieves World's First Delivery of 5,000 Ships
Prnewswire· 2025-11-19 07:28
Core Points - HD Hyundai has achieved a significant milestone by delivering its 5,000th ship, marking 50 years since its first vessel delivery in 1974 [1][8] - The 5,000th vessel, named Diego Silang, is an offshore patrol vessel for the Philippine Navy, showcasing advanced specifications [3][4] - The company has delivered vessels to over 700 shipowners across 68 countries, highlighting its global reach and influence in the shipbuilding industry [4][8] Company Achievements - HD Hyundai Heavy Industries has delivered a total of 2,631 vessels, while its subsidiaries, HD Hyundai Mipo and HD Hyundai Samho, have delivered 1,570 and 799 vessels respectively [5] - The combined length of the 5,000 ships is approximately 1,250 kilometers, surpassing the distance from Seoul to Tokyo [6] - In 2024, HD Hyundai's subsidiaries delivered a total of 144 vessels, including various types such as container ships and LNG carriers [7] Industry Impact - Chairman Chung Kisun emphasized that the milestone represents pride for Korea's shipbuilding industry and reflects a history of innovation [7][8] - The achievement of delivering 5,000 ships is noted as unmatched by European or Japanese shipbuilders, despite their longer histories [5] - The company is focused on future growth, aiming to build the next 5,000 vessels over the coming decades [7]
Broadridge and Xceptor Partner to Transform Global Tax Reclaims and Asset Servicing Operations
Prnewswire· 2025-11-19 07:00
Core Insights - Broadridge Financial Solutions has announced a strategic partnership with Xceptor to create a unified digital platform that automates the global tax relief and tax reclaim lifecycle, enhancing compliance and minimizing risk across global markets [1][2][3] Group 1: Partnership and Solution Overview - The partnership aims to deliver a comprehensive asset servicing solution that addresses the increasing complexity of tax operations faced by financial institutions due to regulatory requirements and rising transaction volumes [2] - The integrated solution combines Broadridge's asset servicing infrastructure with Xceptor's intelligent tax automation, allowing clients to transition from manual processes to automated workflows, improving accuracy and compliance [2][3] - The new offering will facilitate automated data flows, centralized documentation, and regulatory updates, enabling clients to identify tax relief opportunities and manage documentation efficiently [2][3] Group 2: Industry Impact and Goals - This collaboration supports Broadridge's objective of providing the most comprehensive end-to-end asset servicing platform, addressing the industry's need for a scalable and compliant tax automation framework [3] - The solution is designed to enhance operational efficiency, improve client outcomes, and future-proof operations against evolving market and regulatory changes [3] Group 3: Company Backgrounds - Broadridge Financial Solutions is a global technology leader that processes over 7 billion communications annually and supports daily trading of over $15 trillion in securities [5] - Xceptor specializes in data automation for financial institutions, serving over 125 clients and 11,500 users across 60 countries, focusing on minimizing risk and streamlining processes with AI [6][7]
Nuvalent Announces Pricing of Public Offering of Common Stock
Prnewswire· 2025-11-19 04:50
Core Viewpoint - Nuvalent, Inc. has announced a public offering of Class A common stock priced at $101.00 per share, aiming to raise approximately $500 million before expenses [1][2]. Group 1: Offering Details - The company is selling 4,950,496 shares in the offering, with the expected closing date on November 20, 2025, pending customary closing conditions [1]. - Selling stockholders have granted underwriters a 30-day option to purchase an additional 742,574 shares at the public offering price [2]. - J.P. Morgan, Jefferies, TD Cowen, and Cantor are acting as joint book-running managers for the offering [3]. Group 2: Regulatory Information - The shares are being offered under an automatically effective shelf registration statement filed with the SEC on March 16, 2023 [4]. - A preliminary prospectus supplement has been filed with the SEC, and a final prospectus will also be filed [4]. Group 3: Company Overview - Nuvalent, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for cancer, particularly for kinase targets [6]. - The company aims to create innovative small molecules that can overcome resistance and minimize adverse events, with a pipeline targeting ROS1-positive, ALK-positive, and HER2-altered non-small cell lung cancer [6].
Decision of the Board of Directors of Ecopetrol S.A.
Prnewswire· 2025-11-19 03:42
Core Points - Ecopetrol S.A. appointed Mr. Juan Carlos Hurtado Parra as Alternate Legal and Commercial Representative on November 18, 2025 [1] - Ecopetrol is the largest company in Colombia and a major integrated energy player in the Americas, employing over 19,000 people [2] - The company is responsible for over 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [2] - Ecopetrol acquired 51.4% of ISA's shares, expanding its involvement in energy transmission and real-time systems management [2] - Internationally, Ecopetrol has interests in strategic basins in the Americas, including drilling and exploration operations in the U.S., Brazil, and power transmission in Brazil, Chile, Peru, and Bolivia [2]
CEVA ANNOUNCES THE PRICING OF UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK
Prnewswire· 2025-11-19 02:34
Core Viewpoint - Ceva, Inc. has announced a public offering of 3,000,000 shares of its common stock at a price of $19.50 per share, aiming to raise approximately $58.5 million in gross proceeds before expenses [1][3]. Group 1: Offering Details - The public offering is expected to close on November 20, 2025, pending customary closing conditions [2]. - Ceva has granted underwriters a 30-day option to purchase an additional 450,000 shares at the public offering price [1]. - J.P. Morgan is the lead book-running manager, with UBS Investment Bank as the junior active book-running manager, and other firms acting as additional book-running managers [4]. Group 2: Purpose of the Offering - The primary purposes of the offering are to enhance financial flexibility, obtain additional capital, and increase the public float [3]. - Net proceeds from the offering will be used for potential acquisitions, investments in complementary technologies, working capital, capital expenditures, share repurchases, and other general corporate purposes [3]. Group 3: Regulatory Information - The offering is made under a shelf registration statement filed with the SEC, which became effective on August 16, 2024 [5]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be made available [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gauzy Ltd. - GAUZ
Prnewswire· 2025-11-19 00:56
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Gauzy Ltd. following the company's announcement of delayed financial results due to insolvency proceedings for its subsidiaries in France [1][2]. Group 1: Company Announcement - On November 14, 2025, Gauzy announced it would not release its third-quarter financial results as planned, citing a court-ordered commencement of insolvency proceedings for three subsidiaries in France [2]. - The stock price of Gauzy fell by $1.35 per share, or 33.58%, closing at $2.67 per share on the same day [2]. Group 2: Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of investors of Gauzy to determine if the company and its officers engaged in securities fraud or other unlawful business practices [1].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Anavex Life Sciences Corp. - AVXL
Prnewswire· 2025-11-19 00:56
Core Viewpoint - Anavex Life Sciences Corp. is under investigation for potential securities fraud and unlawful business practices following a negative trend vote on its Marketing Authorisation Application for blarcamesine, leading to a significant drop in stock price [1][2]. Group 1: Company Overview - Anavex Life Sciences Corp. (NASDAQ: AVXL) is facing scrutiny from Pomerantz LLP regarding possible securities fraud or other unlawful business practices [1]. - The company announced a negative trend vote from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) concerning its drug blarcamesine [2]. Group 2: Market Reaction - Following the announcement of the negative trend vote, Anavex's stock price decreased by $2.05 per share, representing a decline of 35.94%, closing at $3.65 per share on November 14, 2025 [2].
/C O R R E C T I O N -- Luca Mining Corp./
Prnewswire· 2025-11-19 00:30
Core Insights - Luca Mining Corp reported strong year-over-year growth in Q3 2025, with significant increases in production and revenue, alongside strategic investments in development and exploration [1][3]. Financial Performance - The company generated a net free cash flow of $5.3 million in the first nine months of 2025, despite heavy investments in development and exploration [1][3]. - Revenue for Q3 2025 reached $35.0 million, a 94% increase compared to the prior year, driven by higher sales volumes and increased precious metal prices (gold +28%, silver +18%) [2][3]. Production Highlights - Consolidated tonnes milled increased to 250,807, a 66% rise from the previous year, resulting in substantial production increases: Gold up 51%, Silver up 97%, Zinc up 78%, Lead up 81%, and Copper up 43% [2][3]. - Campo Morado produced approximately 30.2 million zinc-equivalent pounds, a 75% year-over-year increase, with cash costs decreasing to $1.09 per payable ZnEq pound, a 14% reduction [5][6]. - Tahuehueto achieved a record of 969 tonnes milled per day, a 187% increase year-over-year, with gold-equivalent production rising 74% [9][10]. Operational Improvements - The company emphasized safe operations and improved throughput, with both mines operating above budget [2][3]. - Sustaining capital investment for Q3 was $8.7 million, aimed at enhancing underground development and exploration drilling [2][3]. Exploration Initiatives - Luca Mining is committed to a three-year, $25 million exploration program to unlock new gold resources at both Campo Morado and Tahuehueto [3][24]. - High-grade drill results were reported from the Reforma deposit at Campo Morado, indicating strong resource potential [8]. Future Outlook - The company anticipates entering higher-grade areas in both mines, which is expected to drive increased production and improved recoveries [15]. - Revised production guidance for 2025 reflects lower-than-expected output due to mining through lower-grade zones, but copper, silver, and lead production are tracking within or above original guidance [14][17].
New data on lecanemab to be presented at CTAD conference
Prnewswire· 2025-11-19 00:02
Accessibility StatementSkip Navigation STOCKHOLM, Nov. 18, 2025 /PRNewswire/ -- BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) partner Eisai will present the latest findings on lecanemab (Leqembi®) at the Clinical Trials on Alzheimer's Disease (CTAD) conference, being held in San Diego December 1-4. Presentations will include data on long-term treatment and estimated time savings over 10 years, as well as safety and potential benefits of subcutaneous administration of lecanemab for initiation dosing. In a ...
Pony.ai Announces Gen-4 Autonomous Truck Lineup, Set for Mass Production and Deployment in 2026
Prnewswire· 2025-11-19 00:00
Core Insights - Pony.ai has announced its fourth-generation (Gen-4) autonomous truck lineup, developed in collaboration with manufacturing partners like SANY Truck [1] Technology and Design - The Gen-4 autonomous trucks will utilize 100% automotive-grade components, reducing the bill-of-materials (BOM) cost per vehicle by approximately 70% compared to the previous generation [2] - The trucks are designed for a service life of 20,000 hours, supporting up to 1 million kilometers of freight operation [2] - The first two models will be built on battery-electric vehicle platforms, with mass production planned for a thousand-unit scale and initial fleet deployment expected in 2026 [3] Safety and Reliability - The Gen-4 trucks will feature a fully redundant design and safety standards from Pony.ai's latest generation Robotaxi, enhancing safety and reliability in autonomous freight transport [4] - Equipped with a fully redundant drive-by-wire chassis, the trucks will have comprehensive redundancy across six key systems: steering, braking, communication, power supply, computing, and sensors [4] - Rigorous testing will include electromagnetic compatibility, reliability, high-temperature, and extreme-cold tests to ensure safe operation under various conditions [4] Market Impact - China, being the largest long-haul trucking market, is accelerating its transition toward intelligent logistics, with the Gen-4 trucks expected to lower costs and increase efficiency in freight logistics [5] - The "1+4" platooning solution is projected to reduce freight cost per kilometer by 29% and increase profit margin by 195% compared to traditional freight [5] - The Gen-4 trucks are expected to reduce per-vehicle carbon emissions by about 60 tons annually, setting new industry benchmarks in safety, efficiency, and sustainability [5] Company Progress - Since entering the autonomous truck market in 2018, Pony.ai has expanded its fleet to around 200 trucks and accumulated over 1 billion ton-kilometers of freight transport [6] - The company has secured the first or among the first autonomous truck road test permits and freight transport operation licenses in multiple regions across China [6]