Tesla Loses Leader of Optimus Robotics Project
WSJ· 2025-06-06 22:21
In 2022, Elon Musk unveiled a prototype of Tesla’s humanoid robot Optimus. The Tesla CEO said the robot is expected to cost less than a car. Photo: AFP Photo/Handout/TeslaOne of Tesla’s TSLA 3.67 %increase; green up pointing triangle top artificial-intelligence executives left the company on Friday, a setback for the Optimus robotics project that Chief Executive Elon Musk says is pivotal to the future of the company.Milan Kovac, a vice president of engineering, oversaw Tesla’s development of Optimus, a huma ...
PVBC STOCK ALERT: Halper Sadeh LLC is Investigating Whether the Sale of Provident Bancorp, Inc. is Fair to Shareholders
GlobeNewswire News Room· 2025-06-06 22:20
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the proposed sale of Provident Bancorp, Inc. to NB Bancorp, Inc. for Provident shareholders [1][3] Group 1: Transaction Details - Provident shareholders will receive either 0.691 shares of NB Bancorp common stock or $13.00 in cash for each share of Provident common stock [1] - The investigation focuses on whether the board of directors of Provident acted in the best interest of shareholders during the transaction [3] Group 2: Legal Considerations - The investigation questions if Provident and its board violated federal securities laws or breached fiduciary duties by not obtaining the best possible consideration for shareholders [3] - Halper Sadeh LLC may seek increased consideration, additional disclosures, and other benefits for Provident shareholders [4]
Japan Smaller Capitalization Fund, Inc. Announces Initiatives to Enhance Shareholder Value
GlobeNewswire· 2025-06-06 22:15
10% Annual Rate Level Distribution Policy Conditional Tender Offer for 10% of Outstanding SharesNEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today announced that its Board of Directors (the “Board”) has approved two initiatives aimed at addressing the Fund’s trading discount. These initiatives include a level distribution plan and a conditional tender offer. The Board believes these actions reflect the Fund’s ongoing commitment to enhancing sha ...
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of Humana Inc. (NYSE: HUM) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
GlobeNewswire News Room· 2025-06-06 22:13
NEWTOWN, Pa., June 06, 2025 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving Humana Inc. (“Humana”) (NYSE: HUM), resulting from allegations of providing potentially misleading business information to the investing public. If you have non-public information that could assist in the Humana investigation, or if you are a Humana investor who suffered a loss and would like to learn more, you can provide your information HERE. You can also con ...
RBGLY Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Against Reckitt Benckiser Group PLC
GlobeNewswire News Room· 2025-06-06 22:12
SAN DIEGO, June 06, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Reckitt Benckiser Group PLC (OTC: RBGLY) American Depository Shares (ADSs) between January 13, 2021 and July 28, 2024. Reckitt is a United Kingdom-based global consumer goods company that reports three operating segments: Hygiene, Health, and Nutrition. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at ...
Integral Metals Announces Closing of Private Placement Offering
GlobeNewswire· 2025-06-06 22:07
Core Viewpoint - Integral Metals Corp. has successfully closed a non-brokered private placement offering of common shares, raising gross proceeds of US$400,000 at a price of US$0.70 per share [1][2]. Group 1: Private Placement Details - The private placement consists of common shares priced at US$0.70 each, resulting in total gross proceeds of US$400,000 [1]. - The net proceeds from the private placement will be allocated for expenditures on mineral exploration properties and general working capital [2]. - All securities issued under the private placement are subject to a hold period of four months and one day [2]. Group 2: Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [4]. - The company holds properties in mining-friendly jurisdictions in Canada and the USA, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [4].
Lululemon fans furious as tariffs threaten to drive prices even higher amid stock plunge
New York Post· 2025-06-06 21:57
Lululemon lovers are already stretching their wallets to the limit — and now they’ve had enough.Fans and critics alike were clucking their tongues Friday after the athleisure giant warned customers they’d soon be paying even more for already-pricey workout gear — following a whopping stock nosedive.The culprit? President Donald Trump’s tariffs — and, apparently, broke Americans tightening their purse strings.“We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, i ...
Pan American Energy Closes Debt Settlement Transactions
GlobeNewswire· 2025-06-06 21:57
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 06, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | FRA: SS60) (“Pan American” or the “Company”) announces, further to its news release of May 29, 2024, that it has issued, 205,841 common shares in the capital of the Company (the “Settlement Shares”), at a deemed value of $0.20 per Settlement Share, in full and final settlement of accrued and outstanding debt to certain c ...
2025 will be a ‘pivotal year' for Meta's augmented and virtual reality, says CTO
TechCrunch· 2025-06-06 21:52
Core Insights - Meta's Reality Labs could either achieve significant success or be remembered as a "legendary misadventure" by 2025, with the market being the ultimate judge of its potential [1] - The year 2023 is seen as pivotal for Meta, especially with the successful launch of Ray Ban AI glasses, which have sold over 2 million pairs since their debut in October 2023 [2][4] - Competition is intensifying as other tech giants like Google and Apple are also entering the smart glasses market, with Google partnering with Gentle Monster and Warby Parker, and Apple planning to release its own smart glasses in 2026 [3] Market Dynamics - The market's adoption of Meta's AR and VR products is crucial for driving industry standardization, despite the competition from other incumbents [4] - Meta's CTO emphasizes that the hardware market often lags behind, indicating the importance of early indicators and internal confidence in product execution [7] Execution Focus - The company aims to concentrate on executing its plans rather than being overly concerned with competitors, as many companies fail due to poor execution rather than competition [8] - By the end of 2023, the company will assess whether it has successfully executed its plans, with a longer-term evaluation expected in five years [9]
Tenaris to Commence a USD 600 million First Tranche of its USD 1.2 Billion Share Buyback Program
GlobeNewswire· 2025-06-06 21:50
Group 1 - Tenaris S.A. announced a Share Buyback Program covering up to USD 1.2 billion, with a non-discretionary buyback agreement with a primary financial institution [1][2] - The buyback program will be executed in compliance with applicable regulations, allowing purchases during closed periods [2] - The first tranche of the program will cover up to USD 600 million and will commence on June 9, 2025, ending no later than December 8, 2025 [3] Group 2 - Ordinary shares purchased under the program will be cancelled in due course, following the authority granted by the general meeting of shareholders held on May 6, 2025 [3] - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]