Delivery of Prime Editors with a proprietary, universal liver-targeted LNP was well tolerated, with no safety concerns or detectable off-target edits observed across multiple preclinical studies On track to initiate IND-enabling activities for Wilson’s Disease program in 4Q 2024, with IND and/or CTA filing expected in 1H 2026 CAMBRIDGE, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative ...

Core Viewpoint - Universal Health Services, Inc. (UHS) is expected to report strong earnings growth for Q3 2024, driven by increased admissions and demand for behavioral healthcare services, despite facing rising expenses [1][4][6]. Financial Performance - The Zacks Consensus Estimate for earnings per share is $3.75, reflecting a 47.1% increase from the prior-year quarter [1]. - The estimated revenue for Q3 is $3.9 billion, indicating a 9.7% growth year-over-year [2]. - UHS has a history of beating consensus estimates, with an average surprise of 14.58% over the last four quarters [2]. Segment Performance - The Acute Care Hospital Services segment is projected to generate $2.2 billion in revenue, representing an 8.1% year-over-year growth, supported by increased adjusted admissions [5]. - The Behavioral Health Care Services segment is expected to achieve $1.7 billion in revenue, indicating an 11.1% increase from the previous year, driven by sustained demand for mental health services [5]. Cost Pressures - Rising overall expenses, particularly in salaries, wages, and supplies, are anticipated to pressure margins, with salaries expected to rise by 6.1% and supplies by 7.5% [6]. Stock Performance and Valuation - UHS shares have increased by 89.4% over the past year, outperforming the industry and broader market indices [7]. - The current trading valuation of UHS is 13.81X forward 12-month earnings, below the industry average of 16.29X, indicating a potentially attractive investment opportunity [9]. Future Prospects - The resumption of deferred elective procedures is expected to enhance patient volumes and occupancy levels, contributing to future growth [11]. - UHS has a projected earnings growth rate of 19% over the next five years, surpassing the industry average of 14.8% [11]. - The company maintains a strong commitment to shareholder returns through dividends and share repurchases, supported by robust cash flows [11]. Conclusion - Despite challenges from elevated operating expenses, the strong performance of UHS's segments and its lower valuation compared to the industry make it an appealing investment option [12].

NEW YORK, Oct. 18, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) and its board of directors concerning the proposed acquisition of the company by Aperam. Stockholders will receive $45.00 for each share of Universal Stainless stock that they hold. The transaction is expected to close in the first quarter of 2025. If you are a stockholder of Universal Stainless & Alloy Products, Inc. and are interested in ...

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Universal Stainless & Alloy Products Inc. (Nasdaq: USAP), relating to its proposed merger with Aperam US Absolute LLC. Under the terms of the agreement, all USAP shares will be automatically ...

Five campuses now teach the new curriculum in their core automotive program; further rollouts are planned. PHOENIX, Oct. 17, 2024 /PRNewswire/ -- Universal Technical Institute, the transportation, skilled trades, and energy education division of Universal Technical Institute, Inc., today announced the expansion of its core automotive program to include new BHEV and EV courses at UTI-Avondale and UTI-Orlando. The new courseware builds on the hybrid and EV training enhancements already deployed at UTI's three ...

Once launched, the campus will offer HVACR, welding, automotive, and diesel education programs. SACRAMENTO, Calif., Oct. 17, 2024 /PRNewswire/ -- Universal Technical Institute-Sacramento today announced it will be offering an HVACR program, pending all regulatory approvals. According to the U.S. Bureau of Labor Statistics, employment of heating, air conditioning, and refrigeration mechanics and installers is projected to grow 6 percent from 2022 to 2032, faster than the average for all occupations. This und ...

Universal's Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida. Epic Universe is the company's fourth theme park, spanning 750 acres, and is the largest of all its properties, with five themed worlds: The Wizarding World of Harry Potter – The Ministry of Magic, Super Nintendo World, How to Train Your Dragon – The Isle of Berk, Celestial Park and Dark Universe. First announced in 2019, Epic Universe represents the single-largest investment Comcast's NBCUniversal has ever made i ...

An immersive stay experience awaits at New York Hilton Midtown in celebration of the global cinematic event Universal Pictures' Wicked arrives in theaters November 22, 2024 MCLEAN, Va., Oct. 17, 2024 /PRNewswire/ -- This holiday season, Hilton and Universal Pictures invite travelers, fans and movie lovers alike to experience the magic of Oz with a spectacular, spellbinding suite at New York Hilton Midtown, where they can 'Stay Like' Wicked in celebration of the upcoming film's release. With Universal Pictur ...

Core Insights - Universal Media Group, Inc. has received its third consecutive nomination for the Suncoast Emmy for the TV show "Before The Fame with Mike Sherman," featuring music superstar Shaggy [1][4] - The show is available on multiple platforms, including FOX Soul, Apple TV, Tubi TV, and FuboTV, and has produced over 40 episodes showcasing various entertainment genres [2][3] Company Overview - Universal Media Group, Inc. is a publicly traded digital media production company known for its diverse content, including acclaimed television programming [6] - The company is focused on strategic business investments, partnerships, and acquisitions to enhance profitability and expand its influence [6] Upcoming Projects - Universal Media Group is in preproduction on several new streaming projects aimed at expanding its revenue-driven streaming models, with updates expected in the coming months [5]

Core Viewpoint - Universal Stainless & Alloy Products, Inc. has entered into a definitive agreement to be acquired by Aperam in an all-cash transaction, offering stockholders $45.00 per share, which represents a 19% premium to the three-month volume-weighted average stock price [1][2]. Company Overview - Universal Stainless & Alloy Products, Inc. manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, and tool steel, serving various industries such as aerospace, energy, and heavy equipment manufacturing [11]. - Aperam is a global player in stainless, electrical, and specialty steel and recycling, with operations in over 40 countries and a focus on sustainable growth and innovation [12][13]. Transaction Details - Aperam will acquire all outstanding shares of Universal for $45.00 per share, equating to a valuation of 10.6x trailing 12-month Adjusted EBITDA as of June 30, 2024 [2]. - The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the first quarter of 2025, pending regulatory approval and stockholder approval [7]. Strategic Benefits - The acquisition is expected to provide liquidity and a premium return for Universal's stockholders, while also extending the company's reach into new markets across Europe and the U.S. [4][5]. - Universal will maintain its distinct identity and operations post-acquisition, with plans for Aperam to invest in Universal's manufacturing capabilities and technologies [6][8]. Future Outlook - The combination is anticipated to enhance product quality and offerings through access to Aperam's world-class research centers and innovations, thereby accelerating Universal's growth trajectory [6][7]. - The acquisition aligns with Aperam's long-term strategy to strengthen its position in high-margin industries and de-commoditize its product offerings [7].