TELUS Submits Non-Binding Indication of Interest to Acquire Full Ownership of TELUS Digital
Prnewswire· 2025-06-12 10:45
Acquisition would offer TELUS Digital shareholders liquidity at a compelling value and enhance TELUS Digital's ability to effectively respond to changing market dynamicsCloser operational integration between TELUS and TELUS Digital to supercharge AI and SaaS transformation across telecommunications, health, agriculture and consumer goods sectorsTELUS Digital to continue as a key enabler to TELUS' growth strategy and operational efficiencyVANCOUVER, BC, June 12, 2025 /PRNewswire/ - TELUS Corporation (TELUS) ...
ADC Therapeutics Announces $100 Million Private Placement Extending Expected Cash Runway into 2028
Prnewswire· 2025-06-12 10:45
LAUSANNE, Switzerland, June 12, 2025 /PRNewswire/ -- ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that it has entered into securities purchase agreements for the sale of its equity securities to certain institutional investors in a $100.0 million private investment in public equity ("PIPE") financing. In the PIPE, ADC Therapeutics is selling 13.0 million common shares at $3.53 per share and pre-funded warrants ...
McDonald's Stock Rises 1% After Key Trading Signal
Benzinga· 2025-06-12 10:43
Alert confirms uptrend early in the session on a down day for the broad marketMcDonald’s Corp. (MCD) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:28 AM on June 11th, a significant trading signal occurred for McDonald’s Corp., (MCD) as it demonstrated a Power Inflow at a price of $300.12. This indicator is crucial for traders who want to know directionally where institutions and so-cal ...
Prudential: Still Attractive Valuation Despite Recent Share Price Run
Seeking Alpha· 2025-06-12 10:41
Core Insights - Prudential (NYSE: PUK) has shown strong share price performance year-to-date but is still trading below its embedded value, indicating that the market is assigning a negative value to its new business profits [1] Group 1 - The company's share price performance has been strong in the current year [1] - Despite this performance, Prudential's trading value is below its embedded value [1] - The market's negative valuation of Prudential's new business profits suggests potential undervaluation [1]
Nvidia CEO says this is the decade of robotics and autonomous vehicles
CNBC· 2025-06-12 10:38
Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.Autonomous vehicles and robotics are going to take off in a big way in the years ahead, according to Nvidia CEO Jensen Huang."This is going to be the decade of AV [autonomous vehicles], robotics, autonomous machines," Huang told CNBC's Arjun Kharpal Thursday at the Viva Tech conference in Paris.Nvidia plays a ...
Battery Cyclers Market Trends, Forecast & Competitive Landscape Report 2025, Featuring Kikusui Electronics, EnerSys, Arbin Instruments, MTI Instruments, BIT BUDDY, Neware Technology and more
GlobeNewswire News Room· 2025-06-12 10:37
Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Battery Cyclers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to ResearchAndMarkets.com's offering.The Battery Cyclers Market was valued at USD 1.2 Billion in 2024, and is expected to reach USD 1.9 Billion by 2030, rising at a CAGR of 8.10%. This growth is largely fueled by the rising adoption of electric vehicles (EVs) and renewable energy storage systems, where precise battery testing is essential. Batter ...
Buy Or Fear MP Materials Stock
Forbes· 2025-06-12 10:35
Core Viewpoint - MP Materials stock is currently considered unattractive due to high valuation and weak operational performance [2][11] Valuation Comparison - MP Materials has a price-to-sales (P/S) ratio of 20.9, significantly higher than the S&P 500's ratio of 3.0 [4] Revenue Performance - MP Materials' revenues have contracted at an average rate of 15.3% over the last three years, while the S&P 500 increased by 5.5% [5] - Revenues rose by 4.6% from $206 million to $216 million in the past 12 months, compared to a 5.5% increase for the S&P 500 [5] - Quarterly revenues increased by 24.9% to $61 million from $49 million a year prior, while the S&P 500 saw a 4.8% improvement [5] Profitability Metrics - MP Materials reported an operating income of $-166 million, resulting in an operating margin of -77.0%, compared to 13.2% for the S&P 500 [6] - The operating cash flow (OCF) was $-8.7 million, indicating an OCF margin of -4.0%, against 14.9% for the S&P 500 [6] - Net income was $-105 million, leading to a net income margin of -48.4%, compared to 11.6% for the S&P 500 [7] Financial Stability - MP Materials had a debt of $916 million with a market capitalization of $4.5 billion, resulting in a debt-to-equity ratio of 20.3%, slightly higher than the S&P 500's 19.9% [8] - Cash and cash equivalents accounted for $759 million of total assets of $2.4 billion, yielding a cash-to-assets ratio of 32.1%, compared to 13.8% for the S&P 500 [8] Downturn Resilience - MP stock has underperformed the S&P 500 during recent downturns, with a notable drop of 50.2% from a high of $49.44 on March 2, 2021, to $24.61 on May 13, 2021, while the S&P 500 dropped 25.4% [10] - The stock fully recovered to its pre-crisis peak by January 4, 2022, but currently trades at approximately $27 [10][11] Overall Assessment - MP Materials is assessed as follows: Growth - Neutral, Profitability - Extremely Weak, Financial Stability - Very Strong, Downturn Resilience - Very Weak, Overall - Weak [13]
Boeing Stock Faces Fresh Crisis After 787 Dreamliner Crash
Forbes· 2025-06-12 10:30
Group 1 - Boeing's stock fell 6% in extended trading following a crash of an Air India 787 Dreamliner, which was carrying 242 passengers and crew members [2] - The crash adds to Boeing's ongoing challenges, including safety concerns that have negatively impacted its reputation and operational capacity [3] - The company faced significant issues starting with a midair incident on January 9, 2024, involving a Boeing 737 Max 9, leading to halted production expansion plans [4] Group 2 - Boeing has taken corrective measures to address the 737 Max issues and is working to increase production capacity, but the recent crash raises new doubts about its safety record [5] - The aviation industry is showing a shift towards Airbus, with airlines reassessing fleet procurement strategies, as seen with Transavia Airlines and easyJet transitioning from Boeing to Airbus [6] - The crash represents a critical moment for Boeing as it seeks to rebuild confidence among regulators, airlines, and passengers while managing financial and operational impacts [7]
Metalpha Announces Successful Conclusion of Next Generation Fund with Exceptional Performance
Prnewswire· 2025-06-12 10:30
Core Insights - Metalpha Technology Holding Limited announced the successful completion of the LSQ Investment Fund SPC – Next Generation Fund I SP, achieving a net asset value (NAV) performance of 375.5% over its two-year investment period, significantly outperforming Bitcoin by 67.3% [1][2]. Company Performance - The Fund, managed by Metalpha's subsidiary LSQ Capital Limited, commenced trading in late March 2023 and concluded in March 2025, demonstrating exceptional investment outcomes through market insight and risk management [2][3]. - The CEO of Metalpha highlighted the company's commitment to delivering strong investment outcomes and creating significant value for investors [3]. Strategic Developments - Following the Fund's lifecycle, Metalpha will transfer its 40% equity interest in NextGen Digital Venture Limited to Mr. Jason Huang, which is expected to strengthen strategic cooperation and ensure continued excellence in fund management [3]. - NextGen Digital Venture Limited has launched Fund II to focus on crypto-related equity investments, indicating a commitment to capturing opportunities at the intersection of crypto and traditional finance [5]. Company Overview - Metalpha Technology Holding Limited is dedicated to providing digital asset-focused wealth management services and aims to lead in this field with a robust, institutional-grade platform [6].
GT Resources - Copper - Palladium - Platinum ("PGE") Project Updates
Newsfile· 2025-06-12 10:30
Core Viewpoint - GT Resources Inc. is advancing its North Rock Project in Ontario, Canada, and the Läntinen Koillismaa (LK) Project in Finland, both of which focus on copper, palladium, and platinum resources, highlighting their potential to supply critical minerals to the European Union [1][3]. North Rock Project - The North Rock Project is located in Northwest Ontario and features excellent infrastructure, including a paved highway and railroad [4]. - The mineralization consists of copper-rich magmatic sulphide along a 13-kilometer basal contact of mafic and ultramafic volcanic rocks, with two main styles of mineralization: gabbro hosted and massive copper-palladium-rich footwall veins [4]. - The 2024 exploration program identified geophysical conductors adjacent to historic high-grade footwall vein intercepts, with notable results including up to 14.6 g/t Palladium, 0.5 g/t Platinum, 0.3 g/t Gold, and 2.3% Copper over 0.6 meters [5]. - Indicated resources include 1.1 million ounces of total precious metals (TMP) at 0.89 g/t, 111 million pounds of Copper at 0.13%, and 92 million pounds of Nickel at 0.11%, contained in 38.2 million tonnes [5]. - Inferred resources are estimated at 1.1 million ounces of TMP at 0.68 g/t, 173 million pounds of Copper at 0.16%, and 152 million pounds of Nickel at 0.14%, contained in 49.7 million tonnes [5]. LK Project - The LK Project in Finland is the company's most advanced project, featuring a substantial palladium-platinum-copper rich open pit resource, positioning it as a critical mineral source for the European Union [3][12]. - The project has a significant NI 43-101 compliant open pit resource and is strategically located to supply critical minerals, with Europe heavily reliant on imports [12]. - The Haukiaho Trend, a 17-kilometer long area, presents near-term expansion potential, with historic drilling indicating significant platinum and palladium grades [13]. - The mineral resource estimate includes indicated resources of 1.50 million tonnes at 0.61 g/t Palladium, 0.22 g/t Platinum, and 0.07 g/t Gold, and inferred resources of 1.26 million tonnes at 0.43 g/t Palladium, 0.17 g/t Platinum, and 0.09 g/t Gold [16].