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INVESTOR DEADLINE: NuScale Power Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-02-20 14:10
Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses reported in its recent fiscal quarter [1] Group 1: Class Action Lawsuit Details - Investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, can seek to be lead plaintiffs in the class action lawsuit by April 20, 2026 [1] - The lawsuit alleges violations of the Securities Exchange Act of 1934 by NuScale, its executives, and Fluor Corporation [1] - The lawsuit claims that NuScale made false statements about ENTRA1's capabilities, which lacked experience in nuclear power generation [1] Group 2: Financial Impact - NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, up from $17 million in the previous year [1] - The company's quarterly net loss increased to $532 million, compared to $46 million in the prior year [1] - Analysts questioned NuScale's CEO about ENTRA1's qualifications during a conference call, revealing potential milestone payments exceeding $3 billion [1] Group 3: Partnership and Technology - NuScale's core technology, the NuScale Power Module (NPM), is designed for energy generation within a broader power plant [1] - The partnership with ENTRA1 was expected to advance NuScale's technology from development to deployment, validated by a joint agreement with the Tennessee Valley Authority (TVA) for up to six gigawatts of nuclear power [1]
MainStreet Bank Saddles Up: Bringing Bespoke Community Banking to Middleburg's Historic Streets
Prnewswire· 2026-02-20 14:08
MainStreet Bank Saddles Up: Bringing Bespoke Community Banking to Middleburg's Historic Streets [Accessibility Statement] Skip NavigationMIDDLEBURG, Va., Feb. 20, 2026 /PRNewswire/ -- While the pace of the Washington, DC metro area often feels like a sprint, MainStreet Bank knows that in Middleburg, success is a marathon—best enjoyed on horseback. Today, MainStreet Bancshares, Inc., (Nasdaq: MNSB & MNSBP) the parent Company of MainStreet Bank is proud to announce the opening of its newest branch at 10 North ...
MD Local Global Announces Strategic Cultural Partnership with H5 for Fernie Castle Animation Art Gallery
Prnewswire· 2026-02-20 14:05
Core Insights - MD Local Global Limited (MDLG) has established a strategic cultural partnership with H5 S.A.R.L. for the development of the Fernie Castle Animation Art Gallery in Scotland, marking a significant collaboration in the animation art sector [1] - The partnership includes curatorial development and artistic direction for the Gallery, which aims to integrate heritage architecture with contemporary animation culture [1] Group 1: Partnership Details - MDLG entered into a Deal Memo with H5 on February 20, 2026, to formalize a long-term partnership for the Gallery [1] - H5 will serve as the curator, collaborating on the Gallery's curatorial vision, narrative structure, and artistic positioning [1] - The partnership builds on a previous agreement for an animated short film, indicating a broader strategic relationship between the two entities [1] Group 2: Gallery Concept and Objectives - The Gallery is envisioned as a unique European platform dedicated to animation as an art form, featuring exhibitions, screenings, and educational initiatives [1] - It aims to create a permanent collection and an inaugural exhibition that reflects the integration of animation with cultural heritage [1] - The collaboration also anticipates future temporary exhibitions and visual identity development, subject to separate agreements [1] Group 3: Financial and Operational Aspects - MDLG will finance and oversee the physical production of the Gallery, engaging third-party production teams in consultation with H5 [1] - H5 will provide artistic leadership and curatorial direction, ensuring the Gallery's alignment with its artistic mission [1] - This partnership represents a significant step toward the economic objectives of the cultural development project, enhancing the commercial viability of animation art initiatives in Europe [1]
RTX's Collins Aerospace autonomy solution, Sidekick, flies GA-ASI's YFQ-42A CCA platform
Prnewswire· 2026-02-20 14:00
RTX's Collins Aerospace autonomy solution, Sidekick, flies GA-ASI's YFQ-42A CCA platform [Accessibility Statement] Skip NavigationSemi-autonomous flight enabled by advanced softwareCEDAR RAPIDS, Iowa, Feb. 20, 2026 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, showcased its Sidekick mission autonomy software in a successful test flight of a YFQ-42A, an uncrewed jet developed by General Atomics Aeronautical Systems, Inc. for the U.S. Air Force's Collaborative Combat Aircraft (CCA) program. ...
Nucor Announces 212th Consecutive Cash Dividend and New Share Repurchase Program
Prnewswire· 2026-02-20 14:00
Core Viewpoint - Nucor Corporation has declared a quarterly cash dividend of $0.56 per share, marking its 212th consecutive cash dividend, and has approved a new share repurchase program of up to $4.00 billion [1] Dividend Announcement - The cash dividend of $0.56 per share is payable on May 11, 2026, to stockholders of record on March 31, 2026 [1] - This represents Nucor's 212th consecutive quarterly cash dividend [1] Share Repurchase Program - The Board of Directors has authorized the repurchase of up to $4.00 billion of the Company's outstanding common stock [1] - This new authorization replaces a previously authorized $4.00 billion repurchase program, under which approximately $3.69 billion had been repurchased since May 2023 [1] - Share repurchases will occur in the open market or through private transactions, depending on market conditions and other factors [1] Company Overview - Nucor is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico [1] - The company produces a wide range of products, including carbon and alloy steel, structural tubing, and various steel components [1] - Nucor is recognized as North America's largest recycler [1]
Waystar AI Delivers Industry-Leading Outcomes, Earns #1 Client Ranking
Prnewswire· 2026-02-20 14:00
Piedmont Healthcare, a Georgia-based health system, leverages AI capabilities across Waystar's platform. "We've been automating and leveraging more and more AI to get authorizations done without any human touch. When you're talking about trying to speed up processes or when you don't have enough people to get the job done, that makes a big difference," said Sheila Granda, Executive Director of Financial and Operational Effectiveness at Piedmont Healthcare. "Leveraging Waystar, our accuracy rate is in the 90 ...
24 Merrill Advisors Recognized on Financial Planning's Top 40 Brokers Under 40 List
Prnewswire· 2026-02-20 14:00
Core Insights - Merrill Wealth Management and Merrill Private Wealth Advisors had 24 advisors recognized in Financial Planning's Top 40 Brokers Under 40 list, marking the seventh consecutive year that Merrill leads in this category, highlighting the firm's commitment to advisor development [1] Group 1: Recognition and Rankings - The Top 40 Brokers Under 40 list is an annual ranking of high-producing young financial advisors, with nominees being 39 years old or younger as of December 31, 2025 [1] - Merrill's advisors on the list include notable names such as Jens Pascucci at 1, Christian Kelly at 2, and Matthew Gallo at 4, showcasing a diverse representation from various locations [1] Group 2: Company Commitment and Development - Kenneth Correa, Head of Business and Client Development at Merrill, emphasized the firm's focus on training and developing advisors to guide families across generations, reflecting a strong commitment to nurturing talent [1] - The recognition of these advisors underscores the strength of Merrill's next generation of talent and the firm's ongoing investment in advisor development at all career stages [1] Group 3: Company Overview - Bank of America, the parent company of Merrill, is a leading financial institution serving nearly 70 million clients with a wide range of banking, investing, and asset management services [1] - The company operates approximately 3,600 retail financial centers and 15,000 ATMs, along with a robust digital banking platform that has around 59 million verified digital users [1]
NYSE Content Update: Starfighters Space Celebrates NYSE American Listing
Prnewswire· 2026-02-20 13:55
Group 1 - Starfighters Space (NYSE American: FJET) celebrates its IPO and aims to send payloads into space using jets that fly at Mach-2 speeds [1] - Herbalife (NYSE: HLF) CFO John DeSimone will discuss the company's latest earnings and a new $7.5 million investment by soccer legend Cristiano Ronaldo [1] - The NYSE's third annual Space Summit will take place on Monday, bringing together pioneers, executives, and investors in the space industry [1] Group 2 - Investors are digesting key reports from the U.S. Bureau of Economic Analysis, including the December PCE Report, which is the Fed's preferred inflation gauge [1]
BAE Systems rolls out world-leading CV90 combat vehicle to the Slovak Armed Forces
Prnewswire· 2026-02-20 13:46
Core Viewpoint - BAE Systems has unveiled the CV9035 MkIV combat vehicle for the Slovak Armed Forces, marking a significant modernization effort and fulfilling NATO commitments [1]. Group 1: Program Details - The rollout of the CV9035 MkIV is part of a government-to-government agreement between Slovakia and Sweden, representing one of the largest modernization projects for the Slovak Armed Forces in decades [1]. - A total of 152 vehicles are being produced, with the first units rolling off the production line in the second half of 2025 and currently undergoing testing in Sweden [1]. - The Slovak variant of the CV90 is equipped with advanced features including a 35mm Bushmaster III cannon, an advanced fire control system, and an active protection system [1]. Group 2: Industrial Cooperation - The contract for the CV90 program includes significant participation from Slovak companies, which account for over 40% of the contract's total value, involving nearly 30 Slovak companies in the supply chain [1]. - This cooperation enhances local industry capabilities, promotes technology transfer, and creates job opportunities in the region [1]. - The CV90 program is designed to stimulate local production and facilitate future participation in CV90-related programs beyond national deliveries [1]. Group 3: Vehicle Capabilities - The CV9035 MkIV offers enhanced ballistic and mine protection, a powerful engine with up to 1,000 horsepower, and the ability to integrate new sensors and weapon systems based on user requirements [1]. - The vehicle is designed for long-term upgrades, providing increased protection and improved situational awareness for the crew on the battlefield [1]. - The CV90 is already operational in eight European nations, with additional vehicles for two more NATO and EU member countries currently in production [1].
Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2025 Earnings Conference Call
Prnewswire· 2026-02-20 13:30
Core Viewpoint - Standard Motor Products, Inc. is set to report its earnings for Q4 and the full year of 2025 on February 26, 2026, before market opening [1] Group 1: Earnings Announcement - The earnings report will cover the three months and twelve months ended December 31, 2025 [1] - The earnings conference call is scheduled for 11:00 AM Eastern Time on February 26, 2026 [1] - The call will be accessible via webcast on the company's website and through dial-in options for investors [1] Group 2: Conference Call Details - Investors can listen to the call by dialing 800-343-4849 for domestic calls or 203-518-9848 for international calls [1] - The conference call ID code is SMP4Q2025 [1] - A playback of the call will be available immediately after the call, with a separate playback number for domestic and international listeners [1]