Core Viewpoint - A class action lawsuit has been filed against Skye Bioscience, Inc. for allegedly misleading investors regarding the efficacy of its lead product candidate, nimacimab, during the specified Class Period [1][3]. Company Overview - Skye Bioscience, Inc. is a clinical-stage biotechnology company based in San Diego, focusing on developing treatments for obesity and metabolic diseases [2]. Legal Action Details - The lawsuit is on behalf of investors who acquired Skye securities from November 4, 2024, to October 3, 2025, and they have until January 16, 2026, to seek appointment as lead plaintiff [2]. - The complaint claims that Skye failed to disclose that the efficacy of nimacimab was lower than represented, leading to an overstatement of the drug's clinical and commercial potential [3]. Stock Performance Impact - Following the announcement on October 6, 2025, that the primary endpoint of the Phase 2a study of nimacimab was not met, Skye's stock price fell by $2.85 per share, a decline of 60%, closing at $1.90 [4].

Core Insights - Artificial intelligence (AI) stocks have performed exceptionally well, with the Global X Artificial Intelligence & Technology ETF rising approximately 150% since the beginning of 2023, compared to a 78% increase in the S&P 500 [1][2] Company Analysis - Oracle's recent earnings report revealed adjusted earnings per share of $2.26, surpassing estimates of $1.64, but its revenue of $16.06 billion fell short of the forecast of $16.21 billion [5] - A significant increase in AI-related spending was noted, with Oracle's capital expenditures reaching $12 billion, up from $4 billion in the previous year, and guidance for total capital expenditures for the fiscal year raised from $35 billion to $50 billion [6] - Oracle's debt has risen sharply to $108.1 billion, compared to $92.6 billion at the end of May, while current assets stand at only $34.4 billion, raising concerns about the sustainability of its AI investments [7][8]

Share IRVINE, Calif.--(BUSINESS WIRE)--Viant Technology Inc. (NASDAQ: DSP), a leader in CTV and AI- powered programmatic advertising, today announced a strategic integration with iHeartMedia, the No. 1 audio company in the U.S. and the No. 1 podcast publisher globally according to Podtrac, to deliver enhanced addressability, measurement, and programmatic innovation across podcasts, streaming and broadcast radio. "By combining iHeartMedia's unmatched scale with Viant's AI-powered platform, we're unlocking th ...

NEW YORK--(BUSINESS WIRE)--Today, FreeWheel, the leading global technology platform for the streaming advertising ecosystem, announced it is the exclusive ad-serving partner across Lionsgate's ever- growing portfolio of FAST channels in the U.S. Through this expanded partnership, Lionsgate's premium inventory is now available to buyers through the FreeWheel SSP – a platform for premium video publishers to manage and sell their ad inventory – either directly or programmatically via 1:1 or curated. ...

Core Insights - SkyBitz has launched the SmartTank ST705 Radar Monitor, a non-invasive liquid-level sensor designed for various industrial applications, enhancing real-time visibility and operational efficiency [1][2][5] Product Features - The ST705 Radar Monitor is C1D1-certified, ensuring safety in hazardous environments while providing accurate radar performance with a detection range from 3.2 inches to 13 feet and an accuracy of ±0.78 inches [5] - It supports a wide range of tank materials and fluid types, including gasoline, diesel, chemicals, and waste oil, eliminating chemical compatibility concerns [2][5] - The device features a durable IP68-rated housing for long-term outdoor performance and boasts up to 10 years of battery life, minimizing maintenance needs [5] Integration and Efficiency - The ST705 is fully integrated with the SmartTank Portal and the Tank Installer Mobile App, allowing for rapid installation and reliable connectivity [1][3] - It offers enhanced operational efficiency through fleet-wide monitoring and analytics capabilities, including real-time level visibility, early-warning alerts, and predictive forecasting based on usage patterns [3][5] Availability - The SkyBitz ST705 Radar Monitor is available through authorized distributors and customer success teams starting from the announcement date [4] Company Background - SkyBitz is a subsidiary of Telular Corporation, part of AMETEK, Inc., which has annualized sales of approximately $7 billion, focusing on electronic instruments and electromechanical devices [7]

Micron's dramatic beat has analysts feeling upbeat about the company's ability to be a huge beneficiary of the AI boom. ...

CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology-enabled services provider, today released findings from its analysis of 9.5 million users of the Alight Worklife® platform during the 2025 annual enrollment period. "Open enrollment trends this year show incredible opportunity for employers to implement benefits strategies that help serve employees of all income levels,†said Karen Frost, Vice President, Health Strategy at Alight. "By implementing AI-power ...

Core Insights - The automotive retail industry is experiencing a digital transformation, with major dealership groups investing in cloud-based platforms to enhance operational efficiency [2] Group 1: Company Performance - Asbury Automotive operates 175 new vehicle dealerships and 39 collision centers, generating $4.80 billion in revenue during Q3 2025 [3] - AutoNation, the largest automotive retailer in the U.S., reported $27.92 billion in trailing twelve-month revenue [4] - Lithia Motors, the second-largest retailer, achieved $37.61 billion in revenue [5] Group 2: Digital Initiatives - Asbury is implementing Tekion's cloud-based dealership management system across its network, with a focus on improving operational efficiency [3][7] - AutoNation has invested in digital retail innovations, allowing customers to complete approximately 80% of the car-buying process online [4] - Lithia Motors has developed its Driveway digital platform, averaging 1.3 million unique visitors per month in Q2 2025 [5] Group 3: Financial Metrics - Asbury posted a 13% revenue growth year-over-year in Q3, outperforming AutoNation's 6.9% and Lithia's 4.9% [6][8] - Asbury's profit margin stands at 3.15%, exceeding AutoNation's 2.38% despite AutoNation's larger scale [6] - Asbury trades at an 8x P/E ratio, compared to AutoNation's 12x and Lithia's 10x, reflecting its faster growth [8]

"This investment underscores Snowflake's commitment to enabling enterprises with a unified, governed foundation for data, analytics, and AI," said Harsha Kapre, Head of Snowflake Ventures. "As organizations continue to centralize data in Snowflake, partnering with AtScale helps our joint customers maintain consistent business logic and semantic definitions throughout their analytics and AI workflows, delivering performance and enhanced accuracy at scale." AtScale will continue to support the industry's wide ...

MIAMI, Dec. 18, 2025 (GLOBE NEWSWIRE) -- House of Doge Inc. (“House of Doge” or “Company”), the official corporate arm of the Dogecoin Foundation, today released its 2025 Shareholder Letter from Chief Executive Officer Marco Margiotta, outlining a year of deliberate, foundational progress and positioning the Company for focused execution in 2026. The letter details the Company’s definitive merger agreement with Brag House Holdings, Inc. (NASDAQ: TBH), expansion of the Official Dogecoin Treasury, increased r ...