Citizen Petition seeks correction of expiration date for New Chemical Entity (NCE) exclusivity on VOQUEZNA (vonoprazan) tablets Orange Book listingsPhathom believes applicable law mandates a 10-year NCE exclusivity period (from date of first approval of drug containing vonoprazan) benefitting all vonoprazan-based products, with exclusivity until May 3, 2032 FLORHAM PARK, N.J., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing an ...

Core Viewpoint - Orange County Bancorp, Inc. (OBT) has announced an 8.7% increase in its cash dividend to 25 cents per share, reflecting strong financial health and a commitment to enhancing shareholder value [1][5]. Dividend Information - The new dividend of 25 cents per share will be paid on December 16, 2024, to shareholders of record as of December 4, 2024 [1]. - Prior to this increase, OBT raised its dividend by 15% to 23 cents per share in November 2022 [1]. - The current dividend yield is 1.55%, based on a closing price of $59.38 as of November 25, 2024 [2]. Financial Position - As of September 30, 2024, OBT reported cash and due from banks totaling $160.9 million, with total loans at $1.8 billion and total deposits at $2.1 billion [3]. - The bank's short and long-term borrowings amounted to $92 million [3]. - OBT maintains capital ratios above regulatory standards, with a Tier 1 capital to average assets ratio of 10.06% and total capital to risk-weighted assets at 14.89% [4]. Performance and Outlook - The increase in dividends is attributed to the company's strong performance and stability, indicating a positive outlook for sustaining capital distribution activities [5]. - Over the past six months, OBT's shares have risen by 25.3%, compared to the industry's growth of 33.1% [6].

Leading Industry Organizations Honor Company's Outstanding Performance in Search, Social, Display and Web DesignAUSTIN, Texas, Nov. 26, 2024 /PRNewswire/ -- Orange 142, a division of Direct Digital Holdings (NASDAQ: DRCT) and a leader in digital marketing solutions supporting small to mid-sized businesses, has earned multiple prestigious industry awards for its innovative digital marketing campaigns and strategic initiatives. The company's work spanning search engine marketing, website design, social media, ...

Partnership and AI Development - French telecoms giant Orange is partnering with Microsoft-backed OpenAI and Meta to build custom AI models for understanding regional African languages [2] - The custom AI models are based on OpenAI's Whisper and Meta's Llama open-source AI models, which can be adapted to meet specific needs [3] - The initiative aims to address the lack of understanding of West African languages by most conversational AI systems [3] Focus on West African Languages - Orange plans to roll out AI models incorporating Wolof and Pulaar, spoken by approximately 16 million and 6 million people respectively, starting in early 2025 [5] - Wolof is spoken in Senegal, the Gambia, and southern Mauritania, while Pulaar is primarily spoken in Senegal [6] - The company aims to expand the initiative to cover all 18 West African countries [7] Challenges with Current AI Models - Major AI models like OpenAI's GPT, Meta's Llama, and Anthropic's Claude are not well-suited for African needs as they were not trained on data from the region [8] - Current AI models often lose important context, such as culture and language, when applied to regions like Europe, the Middle East, and Africa [4] Sovereign AI and Localization - Orange is tapping into the concept of "sovereign AI," which emphasizes localizing data storage and processing to better represent specific languages, culture, and history [9] - The company is also localizing data processing and hosting OpenAI's models in European data centers to gain early access to advanced AI models [10] AI Applications in Business - Orange is using AI to improve customer service, including AI-powered voice systems, and to optimize mobile network planning and operations [11][12] - AI systems help identify patterns in network data to predict failures before customers notice [12] Open-Source and Non-Commercial Use - Orange will provide the open-source AI models with a free license for non-commercial uses, such as public health and education [7]

Galp Energia SGPS SA (GLPEY) , an oil and gas exploration player in Portugal, has initiated a second exploration and appraisal campaign offshore Namibia. It has done so after the successful discovery of light oil in high-quality reservoir sands during the first campaign. Galp Energia conducted the first exploration campaign in PEL 83 in the Orange Basin, offshore Namibia.Galp Energia Books Saipem for Second CampaignFor the second exploration campaign, the Santorini drillship, acquired by Saipem S.p.A (SAPMF ...

Core Insights - Direct Digital Holdings (DDH) has unified its buy-side businesses, Orange 142 and Huddled Masses, to enhance capabilities and better serve small and mid-sized businesses (SMBs) in digital advertising [1][4] Group 1: Business Strategy - The merger allows for resource sharing and operational efficiency, providing clients with a more integrated approach to digital marketing [1][4] - The unified entity aims to support SMBs in navigating the complexities of digital advertising, offering expert guidance and data-driven decision-making [3][5] Group 2: Market Trends - There is a growing trend among clients to allocate marketing budgets to digital channels, seeking streamlined ad-buying processes and targeted audience reach [2][4] - SMBs are increasingly looking for strategic partners to help them maximize their advertising investments and achieve growth [3][5] Group 3: Service Offerings - Orange 142 will provide expanded resources in areas such as influencer marketing and organic social media strategies, enhancing its digital offerings [4][5] - The company manages over 2,000 campaigns annually and operates across all leading demand-side platforms (DSP), focusing on increasing advertising ROI and reducing client acquisition costs [5][6] Group 4: Company Background - Orange 142, acquired by DDH in 2020, offers end-to-end media solutions, while Huddled Masses, acquired in 2018, provides advisory services for agencies and marketers [6][10] - DDH is noted as one of the few publicly traded Black-owned companies on Nasdaq, emphasizing its unique position in the advertising technology sector [7][8]

Core Viewpoint - Orange County Bancorp, Inc. reported a decrease in net income for Q3 2024, primarily due to increased provisions for credit losses and non-interest expenses, despite growth in net interest income and non-interest income [1][8]. Financial Performance - Net income for Q3 2024 was $3.2 million, down 64.4% from $9.0 million in Q3 2023, with earnings per share decreasing from $1.61 to $0.57 [1][8]. - For the nine months ended September 30, 2024, net income totaled $20.7 million, compared to $21.4 million for the same period in 2023 [1][8]. Net Interest Income - Net interest income increased by $467 thousand, or 2.1%, to $23.0 million for Q3 2024, compared to $22.5 million in Q3 2023 [1][9]. - Total interest income rose by $1.3 million, or 4.4%, to $31.4 million for Q3 2024, driven by a 6.9% increase in interest and fees on loans [10]. Loan and Deposit Growth - Total loans grew by $49.0 million, or 2.8%, reaching $1.8 billion at September 30, 2024, compared to $1.7 billion at December 31, 2023 [1][21]. - Total deposits increased by $101.3 million, or 5.0%, to $2.1 billion at September 30, 2024, from $2.0 billion at year-end 2023 [1][22]. Provision for Credit Losses - The provision for credit losses was $7.2 million for Q3 2024, significantly higher than $837 thousand in Q3 2023, primarily due to a reserve against a problematic commercial loan [14][8]. - The allowance for credit losses to total loans was 1.73% as of September 30, 2024, compared to 1.44% at December 31, 2023 [14]. Non-Interest Income - Non-interest income rose by $954 thousand, or 29.6%, to $4.2 million for Q3 2024, compared to $3.2 million in Q3 2023, driven by increased fee income [15]. Non-Interest Expense - Non-interest expense increased by $2.4 million, or 17.3%, to $16.0 million for Q3 2024, reflecting higher compensation, technology, and professional fees [16]. Wealth Management Performance - Trust and investment advisory income increased by $521 thousand, or 20.1%, to $3.1 million for Q3 2024, compared to $2.6 million in Q3 2023 [6][26]. Financial Condition - Total consolidated assets increased by $33.6 million, or 1.4%, to $2.5 billion at September 30, 2024 [18]. - Stockholders' equity rose by approximately $27.7 million during the first nine months of 2024, reaching $193.1 million at September 30, 2024 [24]. Capital Ratios - The Bank maintained capital ratios above regulatory standards, with a Tier 1 capital to average assets ratio of 10.06% and total capital to risk-weighted assets of 14.89% [25].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental ...

Transforming the Advertiser Experience by Simplifying and Enhancing Ad Buying, Optimization, Reporting, and Insights ATLANTA, Oct. 3, 2024 /PRNewswire/ -- Orange Apron Media, the retail media division of The Home Depot, today announced the launch of a brand-new advertiser experience. Orange Access, powered by Vantage, is an industry-leading tool that lets advertisers plan, activate, optimize, and report on their media campaigns with The Home Depot, through a single, easy-to-use platform. This builds on Oran ...

Core Insights - The "Cote d'Ivoire Telecom Operators Country Intelligence Report" provides an executive overview of the telecommunications market in Cote d'Ivoire, with forecasts up to 2028 [1][2] Market Overview - Total telecom and pay-TV service revenue in Cote d'Ivoire is projected to grow at a CAGR of 2.7% from 2023 to 2028, driven by mobile data, pay-TV, and fixed broadband segments [3][5] - Mobile data service revenue is expected to increase at a CAGR of 8%, fueled by rising mobile internet subscriptions, growth in data consumption, and an increase in mobile data ARPU [3][5] - Fixed broadband revenue is forecasted to grow at a CAGR of 11.1% during the same period, supported by government initiatives for expanding coverage [4][5] - Pay-TV service revenue is anticipated to grow at a CAGR of 4%, driven by increases in DTH and IPTV subscriptions [4] Competitive Landscape - MTN Cote d'Ivoire held the leading position in mobile subscriptions in 2023, with 3G being the dominant mobile technology; 5G services are expected to be commercially available in 2025 [5][6] - The report includes an analysis of the competitive landscape, detailing the positioning of leading players such as Orange Cote d'Ivoire, MTN Cote d'Ivoire, Moov Cote d'Ivoire, Canal, and StarTimes [6][7] Regulatory Environment - The report reviews the regulatory environment and trends, including developments related to spectrum licensing and national broadband plans, with a focus on the next 18-24 months [6]