Core Viewpoint - A class-action lawsuit has been filed against Nutex Health, Inc. alleging fraudulent activities that inflated revenues, resulting in significant investor losses [1][2]. Group 1: Allegations and Lawsuit Details - The lawsuit claims that Nutex and its partner HaloMD engaged in a scheme to defraud insurance companies by submitting ineligible claims, which were falsely attested to as legitimate [2]. - The allegations were initially brought to light by a report from Blue Orca Capital, which accused HaloMD of a coordinated fraudulent scheme to extract millions from insurance companies [3]. - Following the report, Nutex's stock price fell over 10%, indicating a loss of investor confidence [3]. Group 2: Financial Reporting Issues - The lawsuit also alleges that Nutex overstated its progress in addressing weaknesses in its financial reporting controls, leading to improper accounting of stock-based compensation [4]. - Nutex's delay in filing its Form 10-Q due to accounting adjustments further exacerbated the situation, causing a 16.39% drop in its stock price on August 15, 2025 [5]. Group 3: Company Response and Restatement - On August 21, 2025, Nutex filed a Form 8-K stating that certain prior financial statements would need to be restated due to improper treatment of non-cash obligations [6]. - The company did not adequately rebut the allegations made in the Blue Orca report, only noting that it was not named as a defendant in lawsuits against HaloMD [7]. Group 4: Investor Impact and Recovery Efforts - The class action seeks to recover damages for investors who purchased Nutex securities during the specified class period, alleging that public statements were materially false and misleading [8]. - Hagens Berman is investigating the allegations to determine if Nutex's business model was based on fraudulent practices and whether its financial controls misled investors [9].

Core Insights - August 2025 US auto sales are projected to reach 1.43 million units, translating to a sales pace of 15.8 million units (SAAR), slightly down from July's 16.4 million units but marking the second consecutive month of sales growth [1][2]. Sales Performance - Total light vehicle sales for August are estimated at 1,431,600 units, with a SAAR of 15.8 million, compared to July's 16.4 million and August 2024's 15.1 million [3]. - Light truck sales are projected at a SAAR of 13.2 million, down from 13.8 million in July, while passenger car sales remain steady at a SAAR of 2.6 million, unchanged from July but down from 2.9 million in August 2024 [3]. Electric Vehicle Market - Battery electric vehicle (BEV) sales are expected to see volatility, with BEV market share rising to over 9% in July and potentially exceeding 10% in August. However, inventory constraints may limit momentum in September [5]. - The long-term growth of BEV sales may be impacted by the US Administration's recent budget bill, which could temper demand growth [4]. Market Dynamics - Current auto demand is supported by electric vehicle sales and increased automaker incentives, alongside signs of loosening credit conditions. However, these factors may indicate short-term boosts rather than sustained demand [2].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - Broadcom is collaborating with NVIDIA to integrate advanced AI technology into VMware Cloud Foundation, enabling enterprises to build and scale AI models in private cloud environments [1][2] - The partnership enhances the capabilities of VMware Private AI Foundation by supporting NVIDIA's latest Blackwell GPUs and networking technologies, addressing the growing demand for AI infrastructure [2][5] Company Developments - The integration will support NVIDIA RTX PRO 6000 Server Edition GPUs, which are designed for efficient co-hosting of demanding virtual desktop infrastructure (VDI) and AI workloads [5] - Future releases of VMware Cloud Foundation are expected to support NVIDIA Blackwell B200 GPUs, which will provide high performance for large-scale AI and high-performance computing (HPC) applications [5] Infrastructure Enhancements - VMware Cloud Foundation will incorporate NVIDIA ConnectX-7 NICs and BlueField-3 400G DPUs, enabling advanced capabilities for high-speed AI model training and data transfer [5] - The integration will maintain core VCF capabilities, allowing customers to deploy NVIDIA innovations while retaining familiar operational workflows and enterprise-grade virtualization features [5]

SAN ANTONIO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®, a leading end-to-end hybrid cloud and AI solutions company, and SMPL-C, an AI-powered compliance automation platform, today announced their “Better Together” strategic partnership. The partnership will be delivered through Rackspace Technology Government Solutions, the company’s specialized division focused on secure, CMMC-authorized cloud infrastructure and compliance services for federal, state and local agencies as well as the defense ...

Key Takeaways POSCO Future M teams with CNGR and FINO to build an LFP cathode material facility.The venture targets ESS demand, where 80% of 2023 batteries were LFP type.POSCO expands beyond NCMA and NCA into LMR and high-density LFP materials.POSCO’s (PKX) subsidiary, POSCO Future M, recently entered into a memorandum of understanding (MoU) with CNGR and its Korean subsidiary, FINO, to expand the previous precursor production agreement to the lithium-iron-phosphate (“LFP”) cathode material business. The th ...

Core Insights - GoPro has launched an AI Training Licensing program that allows subscribers to monetize their cloud-based video content by contributing to AI model training, with over 125,000 hours of content submitted in just over two weeks [1][2][5] - Subscribers will receive 50% of the licensing revenue generated by GoPro from their content, indicating a potential new revenue stream for both the company and its users [2][4] Subscriber Engagement - The initial response to the AI Training Licensing program has been positive, with a significant opt-in rate from subscribers, suggesting strong engagement and interest in the initiative [5] - As of the last earnings call, GoPro had 2.45 million subscribers and over 13 million hours of content stored in the GoPro cloud, highlighting the scale of the potential content pool for the AI program [1] Market Demand - GoPro is actively engaging with several AI data licensees to meet the increasing demand for authentic video content to train AI models, indicating a strategic move to capitalize on the growing AI market [5]

Xtra-Gold Expands Gold Mineralization Along Strike and at Depth at the Orange No. 5 Resource Expansion Target, Kibi Gold Project, GhanaAugust 26, 2025 9:00 AM EDT | Source: Xtra-Gold Resources Corp.Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - Xtra-Gold Resources Corp.  (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company"), is pleased to announce further positive assay results for an additional 42 diamond core drillholes totalling 8,207.5 m from its current resource expansion targe ...

Appian AI-powered platform cuts policy migration time, accelerates quoting, and unifies operations.MCLEAN, Va., Aug. 26, 2025 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced that MagMutual has successfully transformed its operations using Appian's AI-powered platform. MagMutual is a leading provider of medical malpractice insurance, delivering comprehensive coverage to more than 40,000 healthcare providers and organizations across the United States. It partnered with Appian and Xebia to modernize its ...

New D2D interface IP offers more than 3x bandwidth density of equivalent UCIe interface while requiring far less silicon Advanced power management capability automatically adapts to bursty data center traffic, significantly lowering power consumption Delivers unmatched bandwidth, efficiency, and resiliency for AI infrastructureSANTA CLARA, Calif., Aug. 26, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the industry's fi ...