DAVIDsTEA Announces the Passing of Founder Herschel Segal
GlobeNewswire· 2025-05-10 22:18
Core Insights - The passing of Herschel Segal, founder of DAVIDsTEA, is a significant loss for the company and the retail industry [1][4] - Segal was a pioneering entrepreneur who also founded Le Château, influencing Canadian retail culture [2] - His vision and principles of accessibility, innovation, and community continue to shape DAVIDsTEA's identity [3] Company Overview - DAVIDsTEA offers a wide selection of high-quality proprietary loose-leaf teas, pre-packaged teas, and tea-related accessories through various platforms including e-commerce and wholesale [6] - The company operates over 20 company-owned stores in Canada and has partnerships with more than 4,000 grocery stores and pharmacies [6] - DAVIDsTEA focuses on innovative flavors and wellness-driven ingredients, launching seasonal collections to make tea fun and accessible [6] Leadership and Shareholder Information - Jane Silverstone Segal, the Chair of the Board, expresses commitment to continuing Herschel Segal's vision and emphasizes the support from Rainy Day Investments, the largest shareholder [5] - The company acknowledges the contributions of Herschel Segal to its growth and identity, highlighting the importance of his leadership [4][5]
Akero Therapeutics and HistoIndex Present New Analyses of Phase 2b HARMONY Trial in Oral and Poster Presentations at the EASL Congress 2025
GlobeNewswire· 2025-05-10 14:00
Core Insights - Akero Therapeutics announced results from the 96-week Phase 2b HARMONY trial of efruxifermin (EFX) for patients with pre-cirrhotic metabolic dysfunction-associated steatohepatitis (MASH) [1][6] - The study demonstrated the antifibrotic activity of EFX, with over half of patients treated with 50mg EFX classified as responders by AI-based digital pathology and non-invasive tests, compared to fewer than 5% of placebo patients [2][3] Group 1: Study Details - The HARMONY study was a multicenter, randomized, double-blind, placebo-controlled trial involving 128 biopsy-confirmed adult MASH patients with fibrosis stage 2 or 3 [6] - Patients received either 28 mg or 50 mg EFX or placebo for 24 weeks, with the study continuing for up to 96 weeks [6] - The primary efficacy endpoint was the proportion of subjects experiencing ≥1-stage fibrosis improvement without worsening of MASH [6] Group 2: Results and Analysis - AI-based qFibrosis® analysis showed that after 24 weeks, the antifibrotic effect of EFX was greater than conventional pathology, with 18 patients identified as responders compared to 10 by conventional methods [3] - At Week 96, consistency was observed between conventional pathology and qFibrosis®, with 77% and 81% of patients classified as responders, respectively [3] Group 3: Presentations and Speakers - An oral presentation titled "Alignment of response assessed by non-invasive fibrosis biomarkers and HistoIndex AI-based qFibrosis histology in metabolic dysfunction associated steatohepatitis (MASH) clinical trials" was given by Prof. Quentin M. Anstee [4] - A poster presentation titled "qFibrosis enables earlier detection of fibrosis response in Efruxifermin-treated patients with F2-F3 MASH in 96-week HARMONY study" was presented by Dr. Jörn M. Schattenberg [5] Group 4: About EFX - Efruxifermin (EFX) is Akero's lead product candidate for MASH, currently evaluated in three ongoing Phase 3 studies [7][8] - EFX has shown potential to reverse fibrosis, resolve MASH, and improve insulin sensitivity and lipoprotein profiles, addressing the complex disease state of MASH [7]
Madrigal Announces New Clinical Data Demonstrating Rezdiffra™ (resmetirom) Significantly Improved Multiple Noninvasive Tests and Portal Hypertension Risk in Patients with Compensated MASH Cirrhosis
GlobeNewswire· 2025-05-10 11:15
Core Insights - Madrigal Pharmaceuticals announced positive two-year results from the Phase 3 MAESTRO-NAFLD-1 trial of Rezdiffra, showing significant improvements in liver health metrics among patients with compensated MASH cirrhosis [1][2][3] Group 1: Study Results - The study involved 122 patients, with 113 completing two years of treatment, demonstrating a mean reduction of 6.7 kPa in liver stiffness, which is statistically significant [5][8] - 65% of patients with clinically significant portal hypertension (CSPH) at baseline moved to lower risk categories by year two, indicating a positive shift in patient outcomes [4][8] - Among patients with probable CSPH at baseline, 57% transitioned to the no/low CSPH category, further supporting the efficacy of Rezdiffra [4] Group 2: Safety and Tolerability - Rezdiffra was well-tolerated, with a low discontinuation rate due to adverse events; the most common side effects included diarrhea, COVID-19, and nausea [6][8] - Safety data were consistent with previous studies, reinforcing the drug's favorable safety profile [6] Group 3: Mechanism and Future Trials - Rezdiffra acts as a THR-β agonist, which is mechanistically supported to improve outcomes in patients with compensated MASH cirrhosis [7] - A larger placebo-controlled study is anticipated to confirm the benefits of Rezdiffra in this high-risk population, with ongoing trials expected to provide further insights [2][14] Group 4: Market Context - MASH is projected to become the leading cause of liver transplantation in the U.S., highlighting the urgent need for effective treatments [10][11] - An estimated 1.5 million patients have been diagnosed with MASH in the U.S., with Madrigal targeting approximately 315,000 patients with moderate to advanced fibrosis [12]
Shopify Inc to Join the Nasdaq-100 Index® Beginning May 19, 2025
GlobeNewswire· 2025-05-10 00:00
Core Points - Shopify Inc. will be added to the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted™ Index on May 19, 2025, replacing MongoDB, Inc. [1] - MongoDB, Inc. will be removed from multiple Nasdaq indices, including the Nasdaq-100 Tech Sector™ Index and others, on the same date [2] Company Information - Nasdaq is a leading global technology company that provides services to corporate clients, investment managers, banks, brokers, and exchange operators, focusing on improving liquidity, transparency, and integrity in the global economy [4]
Report on Voting from the 2025 Annual Shareholders Meeting
GlobeNewswire· 2025-05-09 23:54
Core Points - NuVista Energy Ltd. held its annual meeting on May 9, 2025, where several key resolutions were approved [1] Group 1: Board of Directors - The number of directors was fixed at eight, with 79.58% of votes in favor [2] - Eight nominees were elected as directors, with the following vote percentages: - Pentti O. Karkkainen: 79.19% - Ronald J. Eckhardt: 79.03% - K. L. (Kate) Holzhauser: 77.04% - Michael J. Lawford: 79.34% - Mary Ellen Lutey: 79.50% - Deborah S. Stein: 78.72% - Jonathan A. Wright: 76.07% - Grant A. Zawalsky: 72.95% [3] Group 2: Appointment of Auditors - KPMG LLP was appointed as auditors with 96.50% of votes in favor [4] Group 3: Executive Compensation - NuVista's approach to executive compensation was approved with 79.22% of votes in favor [5] Group 4: Company Overview - NuVista is an independent Canadian oil and natural gas exploration, development, and production corporation, trading on the Toronto Stock Exchange under the symbol "NVA" [6] - The company focuses on the exploration and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin, particularly in the condensate-rich Montney formation [7]
LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community
GlobeNewswire· 2025-05-09 23:45
Core Insights - LGI Homes, Inc. has opened a new community named Northridge in Montrose, Minnesota, aimed at providing affordable, high-quality homes for buyers [1][3] - The community will feature 27 single-family homes designed for comfort and style, continuing LGI's successful homebuilding efforts in the region [2][5] - Homes in Northridge are priced starting in the mid-$300s, making them accessible for families seeking modern living without high costs [6] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [7] - The company has been recognized for its quality construction and customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [7] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2024 Award, reflecting its commitment to employee satisfaction [7] Community Features - Northridge is strategically located 1.5 miles off US-12W, providing easy access to major employers, schools, and recreational areas in Buffalo and the Twin Cities metro [3] - The community includes amenities such as Northridge Park, which features walking trails, open green spaces, a playground, and an ice rink [3][4] - Homebuyers will benefit from the proximity to over 20 parks within a 10-mile radius, as well as various shopping and dining options in nearby Buffalo [4] Home Specifications - The homes at Northridge will include built-in designer upgrades as part of LGI's CompleteHome™ suite, featuring spacious entertaining areas and private owner suites [5] - Buyers can choose from four unique floor plans ranging from 1,157 to 2,317 square feet, with options for three to four bedrooms and two to two-and-a-half bathrooms [5] - Each home will come with attached two- to three-car garages, enhancing convenience for families [5]
Imperial Reports Mount Polley Operations and Construction Activities Continue
GlobeNewswire· 2025-05-09 22:55
Core Viewpoint - Imperial Metals Corporation confirms that no injunction has been granted regarding the construction and operation of the tailings storage facility at the Mount Polley mine, allowing normal operations to continue [1][3]. Group 1: Legal Proceedings - An application for an interim injunction was heard on May 8, 2025, by Mr. Justice Weatherill of the Supreme Court of British Columbia, concerning the approval of a four-metre raise of the tailings storage facility by Xatśūll First Nation [2]. - The court has adjourned the application until June 24, 2025, when both the underlying petition and the injunction will be decided [2]. - Mount Polley Mining Corporation, a wholly-owned subsidiary of Imperial, stated that it does not expect to utilize the four-metre raise until at least July 1, 2025, and has agreed to provide an undertaking to the court regarding this timeline [2]. Group 2: Company Overview - Imperial Metals Corporation is based in Vancouver and is involved in exploration, mine development, and operations, with holdings including the Mount Polley mine (100%), Huckleberry mine (100%), and Red Chris mine (30%) [4]. - The company also holds a portfolio of 23 greenfield exploration properties in British Columbia [4].
Landstar System to Release First Quarter Results on Tuesday May 13, 2025
GlobeNewswire· 2025-05-09 22:03
Group 1 - Landstar System, Inc. will release its 2025 first quarter results before the market opens on May 13, 2025 [1] - A quarterly conference call with analysts and investors will be held at 8:30 a.m. ET on the same day to discuss the results [1] - The conference call will be accessible via webcast and will also have a telephone replay option available for 48 hours [1] Group 2 - Landstar is a technology-enabled, asset-light provider of integrated transportation management solutions [2] - The company delivers specialized transportation services to a diverse range of customers through a network of agents and third-party capacity providers [2] - Landstar is headquartered in Jacksonville, Florida, and its common stock trades on NASDAQ under the symbol LSTR [2]
Paul Mueller Company Announces Expiration of Share Repurchase Program and Declares Quarterly Cash Dividend.
GlobeNewswire· 2025-05-09 22:02
Group 1 - Paul Mueller Company declared a cash dividend of $0.30 per share on its outstanding common stock [1] - The dividend is payable on June 27, 2025, to shareholders of record on May 27, 2025 [1] - The decision was made by unanimous consent of the Board of Directors on May 9, 2025 [1] Group 2 - A tender offer that expired on May 8, 2025, resulted in 6,654 shares being tendered for a total of $1,663,500 [2] - Funds from the tender offer will be delivered to the Depository Trust Company on May 12, 2025, for disbursement to brokerage accounts [2] - Checks will be mailed to registered shareholders who correctly tendered their shares on May 13, 2025 [2]
CSX Announces Tentative Labor Agreement with Locomotive Engineers
GlobeNewswire· 2025-05-09 21:30
Core Points - CSX Corporation has reached a tentative five-year agreement with the Brotherhood of Locomotive Engineers and Trainmen covering approximately 3,400 locomotive engineers, marking a significant milestone as the first Class I freight railroad to do so with BLET [1][2] - The agreement includes competitive pay, improved healthcare, and work rule changes aimed at enhancing the quality of life for locomotive engineers, reflecting similar wage increases and benefits from agreements with 13 other unions [2][3] - Locomotive engineers represent about 20% of CSX's frontline workforce, and if ratified, nearly 75% of CSX's unionized workers will be covered by new agreements reached in the last nine months [3] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [5] - The company has been integral to the economic expansion and industrial development of the nation for nearly 200 years, connecting major metropolitan areas in the eastern United States and linking over 240 short-line railroads and more than 70 ports [5]