Workflow
21Shares Expands Nasdaq Stockholm Offering with Five New Crypto ETP Listings
GlobeNewswire News Room· 2025-06-16 07:00
Core Viewpoint - The expansion of 21Shares AG's cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm indicates a growing demand for regulated crypto investment products in the Nordic region [1][3]. Group 1: New Listings and Product Offerings - 21Shares has cross-listed five additional ETPs on Nasdaq Stockholm, increasing its total offerings to 10 ETPs in the region [1][4]. - The newly listed products include 21Shares Uniswap ETP (AUNI), 21Shares Avalanche ETP (AVAX), 21Shares Bitcoin Gold ETP (BOLD), 21Shares Solana Core Staking ETP (CSOL), and 21Shares Ethereum Core ETP (ETHC) [2][7]. Group 2: Market Demand and Investor Empowerment - The expansion reflects increasing demand from both retail and institutional investors for diversified and cost-effective crypto exposure [3]. - By offering a broader selection of single-asset and thematic crypto ETPs, 21Shares aims to empower investors to build customized and resilient portfolios [3]. Group 3: Product Features and Cost Efficiency - All ETPs are fully collateralized and traded in a regulated, liquid format, providing an easy gateway to digital assets without the need for direct wallet management [4]. - The annual fees for these products range from 0.21% to 2.50%, making them some of the most cost-efficient options in the market [4]. Group 4: Company Background and Market Position - 21Shares is recognized as the largest and most diversified crypto ETP provider in Europe, with listings across major exchanges including Euronext Paris, Euronext Amsterdam, London Stock Exchange, and SIX Swiss Exchange [5]. - The company was founded to enhance accessibility to cryptocurrency for investors and bridge the gap between traditional finance and decentralized finance [6].
Kratos Expands U.S. Jet Engine Production Footprint with New Advanced Manufacturing Facility, Test Cells in Bristow, Oklahoma
Globenewswire· 2025-06-16 07:00
Core Viewpoint - Kratos Defense & Security Solutions, Inc. is set to establish a new advanced manufacturing facility in Bristow, Oklahoma, focusing on the production of its GEK family of turbojet engines, particularly the GEK800, with plans for significant expansion and job creation [1][5][6]. Company Overview - Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) specializes in technology, products, systems, and software for defense, national security, and commercial markets [7]. - The company emphasizes affordability and rapid development of solutions to meet mission-critical needs [8]. Facility Details - The new facility will cover 50,000 square feet on a 20-acre site, with plans to expand to 100,000 square feet and accommodate up to five production lines for GEK engines, aiming for an initial output of 500 engines annually [1][3]. - The facility will include three small engine test cells, operational by 2027, supported by grant funding from the State of Oklahoma [4]. Job Creation and Economic Impact - The initial engine line is projected to create 60 high-quality jobs, with recruitment starting in late 2025 and general hiring in Q1 2026; each additional production line is expected to add approximately 45 new jobs [4]. - Local and state officials highlight the facility's significance for American workers and national defense, reinforcing Oklahoma's role as a hub for innovative defense technology [6]. Strategic Importance - The facility aligns with Kratos' strategy to deliver high-performance, cost-effective propulsion systems to meet the growing demands of defense customers [5][6]. - The investment reflects a commitment to strengthening America's industrial base and supporting the Department of Defense and allied forces [6].
21Shares Expands Nasdaq Stockholm Offering with Five New Crypto ETP Listings
Globenewswire· 2025-06-16 07:00
Core Insights - 21Shares AG has expanded its presence in the Nordic region by cross-listing five additional cryptocurrency exchange-traded products (ETPs) on Nasdaq Stockholm, indicating a growing demand for regulated crypto investment products [1][3] - The newly listed products enhance the existing suite of 21Shares offerings, which now totals 10 ETPs on Nasdaq Stockholm, providing investors with diversified and cost-effective crypto exposure [2][4] Company Overview - 21Shares is recognized as one of the largest issuers of cryptocurrency ETPs globally, aiming to make cryptocurrency more accessible to investors and bridge the gap between traditional finance and decentralized finance [6] - The company has a track record of innovation, having launched the world's first physically-backed crypto ETP in 2018, and continues to deliver simple and cost-efficient investment solutions [6] Product Details - The newly listed ETPs include 21Shares Uniswap ETP (AUNI), 21Shares Avalanche ETP (AVAX), 21Shares Bitcoin Gold ETP (BOLD), 21Shares Solana Core Staking ETP (CSOL), and 21Shares Ethereum Core ETP (ETHC), expanding the range of investment options available to investors [7] - All ETPs are fully collateralized and traded in a regulated format, with annual fees ranging from 0.21% to 2.50%, making them some of the most cost-efficient products in the market [4] Market Position - 21Shares is the largest and most diversified crypto ETP provider in Europe, with listings across major exchanges including Euronext Paris, Euronext Amsterdam, London Stock Exchange, and SIX Swiss Exchange [5]
Instacart and Pinterest to Launch New Retail Media Collaboration
Prnewswire· 2025-06-16 07:00
Core Insights - Instacart and Pinterest are collaborating to enhance advertising campaigns by utilizing first-party data to connect brands with high-intent audiences [1][2] - The partnership will allow Pinterest ads to become directly shoppable via Instacart, enabling users to purchase products quickly [3][4] Group 1: Partnership Details - The initial phase of the partnership will enable select brands to target Instacart's first-party audience segments based on real-world retail purchase behavior [2] - A future phase will introduce closed-loop measurement to link Pinterest ads to actual product sales across Instacart's marketplace of over 1,800 retailers [2] Group 2: Advertising Capabilities - Brands will be able to leverage Instacart's retail media data to reach Pinterest users at the moment of intent, transforming ads into shoppable experiences [4][5] - This collaboration aims to bridge the gap between inspiration and action for millions of Pinterest users, allowing for quick purchases [4][5] Group 3: Instacart's Ecosystem - Instacart operates with over 7,000 active brands and 1,800 retail partners, simplifying advertising strategies across fragmented retail networks [6] - The Instacart advertising ecosystem includes various platforms where consumers make shopping decisions, enhancing the overall shopping experience [5][6] Group 4: Company Backgrounds - Instacart partners with nearly 100,000 stores across North America, facilitating online shopping, delivery, and pickup services [7] - Pinterest is a visual search and discovery platform with over half a billion monthly active users, focusing on inspiration and shopping [9]
TORM plc: Iran Tensions Picked Up Interest, Now Rates Should Follow
Seeking Alpha· 2025-06-16 06:37
Group 1 - The company TRMD has previously been identified as a strong buy, and it has recently exceeded earnings estimates, although rates have not gained significant momentum [1] - The analyst has a diverse professional background across various industries, which contributes to a comprehensive investment perspective [1] - The investment strategy focuses on cyclical industries, aiming for substantial returns during economic recovery while also incorporating fixed-income investments to balance risk [1]
Scatec ASA: Employee Share Purchase Programme 2025
Globenewswire· 2025-06-16 06:30
Group 1 - The Company, Scatec ASA, is continuing its Employee Share Purchase Programme established in 2019, allowing employees to purchase shares at a subscription value between NOK 10,413 and NOK 104,128 with a 25% price reduction in exchange for a two-year lock-up period [1][2] - The subscription period for the share purchase will run from 16 June to 25 June 2025, with the share price based on the average volume-weighted share price on the Oslo Stock Exchange over the last five trading days during this period [2] - DNB will purchase Scatec ASA shares in the open market on behalf of the Company for resale to participants under the Employee Share Purchase Programme [2] Group 2 - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants, with a total capacity of 6.2 GW in operation and under construction across five continents [3] - The Company is committed to growing its renewable energy capacity, driven by a vision of 'Improving our Future' [3] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [3]
Quadien SA: Approval of all resolutions by the combined Shareholders’ meeting of 13 June 2025
Globenewswire· 2025-06-16 06:30
Core Points - The Annual General Meeting (AGM) of Quadient was held on June 13, 2025, with a quorum attendance rate of 75.08% [1] - The AGM approved the renewal of directorships for Mrs. Nathalie Wright and Mr. Didier Lamouche, and appointed Mrs. Delphine Segura Vaylet as a new director [2] - Mr. Didier Lamouche was renewed as Chairman of the Board of Directors following the AGM [2] - The AGM approved the remuneration for fiscal year 2024 and the remuneration policy for fiscal year 2025 for key executives [3] - KPMG S.A. was appointed as the statutory auditor during the AGM [3] - A cash dividend of 0.70 euro per share was approved, to be paid on August 6, 2025 [4] - Quadient is set to release its first-half 2025 results on September 24, 2025 [5] Company Overview - Quadient is a global automation platform that facilitates secure and sustainable business connections through both digital and physical channels [6] - The company supports businesses in their digital transformation and operational efficiency [6] - Quadient is listed on Euronext Paris and is part of the CAC Mid & Small and EnterNext Tech 40 indices [6]
ELV Lead Plaintiff Deadline Approaching - Robbins LLP Reminds Investors to Get Information About Leading the Class Action Against Elevance Health, Inc.
Prnewswire· 2025-06-16 06:09
Core Viewpoint - A class action lawsuit has been filed against Elevance Health, Inc. for allegedly failing to disclose the impact of Medicaid redetermination on its business prospects, leading to significant financial misrepresentation [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Elevance Health misled investors by stating they were monitoring Medicaid cost trends and that their premium negotiations were sufficient, despite rising Medicaid expenses [2]. - The company acknowledged rising Medicaid expenses but assured investors that these were adequately reflected in their financial guidance, which was later proven inaccurate as the acuity and utilization of Medicaid members increased significantly [2]. - Following the company's admission of increased Medicaid utilization on July 17, 2024, Elevance's stock price dropped by $32.21 per share, or 5.8%, indicating a negative market reaction to the news [3]. Group 2: Class Action Participation - Shareholders interested in participating in the class action must file their papers by July 11, 2025, to serve as lead plaintiff, representing the interests of other class members [4]. - Shareholders are not required to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation in the lawsuit [5].
RBGLY Shareholders with Large Losses are Encouraged to Seek Counsel - Contact Robbins LLP for Information About Leading the Class Action Against Reckitt Benckiser Group PLC
Prnewswire· 2025-06-16 06:06
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Reckitt Benckiser Group PLC American Depository Shares (ADSs) between January 13, 2021, and July 28, 2024, alleging that the company misled investors regarding the safety of its Enfamil baby formula [1][2]. Allegations - The lawsuit claims that Reckitt failed to inform investors and consumers about the increased risk of necrotizing enterocolitis (NEC) in preterm infants consuming its cow's milk-based formula, Enfamil, and the potential negative impact on sales and legal exposure [2]. - A jury in Illinois awarded $60 million in a case against Mead Johnson, finding negligence related to the same NEC risk, which led to a significant drop in Reckitt's ADS price [3]. - Following a similar case in Missouri, where Abbott Laboratories was found liable for NEC, Reckitt's ADS price also experienced a notable decline [4]. Next Steps - Shareholders interested in participating in the class action must file a motion for lead plaintiff by August 4, 2025, with the option to remain an absent class member if they choose not to take action [5].
FTRE Shareholders with Large Losses are Encouraged to Seek Counsel - Contact Robbins LLP for Information About Leading the Class Action Against Fortrea Holdings, Inc.
Prnewswire· 2025-06-16 06:03
Core Viewpoint - A class action has been filed against Fortrea Holdings, Inc. for allegedly misleading investors regarding the progress of its pre-spin projects and financial expectations following its spin-off from Labcorp [1][2][4]. Group 1: Company Background - Fortrea Holdings, Inc. is a global contract research organization (CRO) that provides development solutions for biopharmaceutical products and medical devices [1]. - The company was spun off from Labcorp Holdings Inc. in June 2023 and entered into transition services agreements (TSAs) with Labcorp for various support services [2]. Group 2: Financial Performance - On March 3, 2025, Fortrea announced that its revenue and adjusted EBITDA projections for 2025 were not meeting prior expectations, indicating that pre-spin projects were underperforming [3]. - The company reported that its pre-spin projects were "late in their life cycle" and had lower revenue and profitability than anticipated for 2025, leading to a significant stock price drop of 25.05% to $10.38 per share [3]. Group 3: Allegations and Misstatements - The complaint alleges that Fortrea overestimated the revenue contributions from pre-spin projects and overstated potential cost savings from exiting TSAs, inflating its EBITDA targets for 2025 [4]. - It is claimed that the viability of Fortrea's post-spin business model and financial prospects were also overstated during the class period [4].