AIxC Appoints Andrew Grossman As Head of Legal Where He Will Direct the Company's Legal, Compliance, and Governance Strategy
Prnewswire· 2025-12-17 06:01
Core Insights - AIxCrypto Inc. has appointed Andrew Grossman as Head of Legal to oversee legal, compliance, and governance functions, focusing on SEC disclosures and strategic agreements [1][2][3] - The company recently rebranded from Qualigen Therapeutics, Inc. to AIxCrypto Holdings, Inc., aiming to integrate AI and blockchain technologies while bridging Web2 and Web3 [4][5] Company Strategy - AIxCrypto is positioned at the intersection of Web3 and AI, with a commitment to responsible innovation and sustainable commercial value [3] - The company aims to create a leading ecosystem that connects AI, crypto, and blockchain technologies, establishing itself as a gateway to the emerging AI Web3 landscape [4][5] Leadership and Compliance - Andrew Grossman brings extensive experience in securities regulation and corporate governance, which will enhance AIxCrypto's compliance framework [2][3] - His leadership is expected to strengthen the company's compliance capabilities and support long-term regulatory alignment, particularly in collaboration with Faraday Future Intelligent Electric, Inc. [3]
New Published Data Confirms Nemluvio® (Nemolizumab) Can Rapidly Relieve Itch and Improve Sleep in as Early as Two Days in Both Atopic Dermatitis and Prurigo Nodularis
Financialpost· 2025-12-17 06:00
Article contentTaken individually, each study (ARCADIA 1 and 2 for atopic dermatitis and OLYMPIA 1 and 2 for prurigo nodularis) also demonstrated a significant PP-NRS response at Day 2.1 These new data reinforce nemolizumab’s efficacy and its potential to deliver rapid relief from itch – the most burdensome symptom for many patients with atopic dermatitis and prurigo nodularis.13,14 Media can find more information and resources on atopic dermatitis and prurigo nodularis in this toolkit.About Nemluvio® (nemo ...
Texas Sues Utility Company Xcel Over ‘Blatant Negligence’ in Fatal Wildfire
Insurance Journal· 2025-12-17 06:00
Texas Attorney General Ken Paxton sued Xcel Energy Inc., accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year.“The company made false representations about its safety commitments and ignored warnings that its aging infrastructure needed immediate repair and to be updated,” according to a statement from the AG’s office Tuesday. Xcel shares fell as much as 4.34% on Tuesday. Paxton said i ...
111, Inc. Announces Third Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-12-17 06:00
Core Insights - 111, Inc. achieved non-GAAP operational profitability for the third consecutive quarter, demonstrating resilience in a challenging macroeconomic environment [4][5] - The company is transitioning to an asset-light business model by divesting three self-operated subsidiaries, which will now serve as fulfillment partners, enhancing liquidity and profitability [4][18][21] - The "MANTIANXING" initiative has significantly improved supply chain capabilities, resulting in a 20.5% increase in GMV and a 31.0% increase in customer count compared to the previous quarter [4][6] Financial Performance - Net revenues for Q3 2025 were RMB3.0 billion (US$421.5 million), a decrease of 16.7% from RMB3.6 billion in Q3 2024 [7][34] - Non-GAAP net income was RMB1.1 million (US$0.2 million), consistent with the same quarter last year, accounting for 0.04% of net revenues [6][13] - Total operating expenses decreased by 13.4% to RMB180.3 million (US$25.3 million) compared to RMB208.2 million in the same quarter of the previous year [6][10] Strategic Initiatives - The divestiture of three subsidiaries is part of a broader strategy to shift from a capital-intensive model to an asset-light partnership structure, which is expected to improve profitability and liquidity [18][21][22] - The company aims to build an AI-powered transaction platform for pharmaceutical procurement, enhancing decision-making for pharmacies and maximizing supplier reach [4][7] Operational Metrics - The company generated positive operating cash flow of RMB89.3 million (US$12.5 million) year-to-date, with net cash from operating activities of RMB38.1 million (US$5.4 million) for the quarter [6][10] - Fulfillment expenses accounted for 2.9% of net revenues, slightly up from 2.8% in the same quarter last year, while selling and marketing expenses decreased by 19.7% [10][19] Balance Sheet Highlights - As of September 30, 2025, the company held cash and cash equivalents totaling RMB557.5 million (US$78.3 million), an increase from RMB518.3 million at the end of 2024 [17][33] - Total liabilities decreased to RMB2.26 billion (US$317.96 million) from RMB2.41 billion, reflecting improved financial health [33]
Cool Company Ltd. Announces Meeting Date for Special Meeting for Proposed Merger with Newly Formed, Wholly Owned Subsidiary of EPS Ventures Ltd
Businesswire· 2025-12-17 06:00
Core Points - Cool Company Ltd. has scheduled a special meeting for its shareholders on January 6, 2026, at 1:00 PM GMT [1] - The purpose of the meeting is to vote on the proposed merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd. [1] - This merger was previously announced on December 8, 2025, and is a significant development for CoolCo [1]
RTX Surges to Record Highs as Defense Orders Explode
Investing· 2025-12-17 05:48
Market Analysis by covering: Rtx Corp. Read 's Market Analysis on Investing.com ...
Why Taiwan Semiconductor’s 6.5% Dip Could Be a Smart Buy
Investing· 2025-12-17 05:44
Market Analysis by covering: Taiwan Semiconductor Manufacturing. Read 's Market Analysis on Investing.com ...
Can China's Markets Shed 'Uninvestable' Tag for Good?
Youtube· 2025-12-17 05:21
Core Insights - The article discusses the performance of Chinese markets compared to global peers, highlighting a shift in sentiment among investors regarding China's investability [1][3][4] Market Performance - Chinese markets have shown outperformance against global indices, with improvements noted in comparisons to the U.S. and Japan [1] - There is a narrowing gap in performance between China, Korea, and Taiwan, indicating a potential recovery in investor sentiment [1] Investor Sentiment - Recent months have seen a shift from extreme optimism to a more balanced view among global investors regarding China, with current positioning being neutral to slightly underweight [4] - Despite the market rally, there is a disconnect between economic performance and market expectations, leading to cautious optimism for sustained growth [5][6] Economic Outlook - The Chinese economy is currently struggling, with insufficient data to support a continued market rally, emphasizing the need for economic recovery to drive stock performance [5][6] - The reliance on exports makes the Chinese economy vulnerable, particularly to U.S. economic policies [7] Technological Advancements - Significant technological breakthroughs in China, particularly in AI, have surprised investors and shifted perceptions of China's competitive position [8][9] - The long-term growth potential of China is linked to its innovation capabilities and the ability to maintain GDP growth rates of 3% to 5% [10] Policy and Market Dynamics - There is a need for decisive policy measures to address overcapacity and stabilize the property market, which is crucial for economic recovery [14] - The current liquidity situation is not the primary issue; rather, the lack of demand is a significant concern for the economy [16] Wealth Effect and Consumption - The wealth effect from the stock market is expected to be limited, as many households have their assets tied up in the struggling property market [17] - A better-performing stock market may improve overall market sentiment but is unlikely to lead to significant increases in consumer spending [18][20] Valuation and Earnings - Valuations in the Chinese market are approaching historical highs, with concerns about sustainability if earnings do not improve [21] - The expectation is that earnings growth will be the key driver for market performance in the coming year, rather than just valuation recovery [21][22] Consumption Patterns - The consumption recovery in China is anticipated to be K-shaped, benefiting wealthier households while leaving the broader market depressed [23][24] - The challenges faced by younger generations in both China and the U.S. highlight the difficulties in relying solely on stock market recovery to drive consumption [24]
RecycLiCo Battery Materials Inc. (AMY:CA) Shareholder/Analyst Call Transcript
Seeking Alpha· 2025-12-17 05:19
Group 1 - The meeting is chaired by Paul Hildebrand, who is the Chair of the Board of Directors, with Shaheem Ali acting as the Secretary [1] - James Effort from Endeavour Trust Corporation is appointed as the scrutineer for the meeting [2] - A quorum is confirmed with shareholders present or represented by proxy holding at least 5% of the issued shares entitled to vote [2]
What Sparked Aditxt (ADTX) Stock's 52% After‑Hours Surge? - Aditxt (NASDAQ:ADTX)
Benzinga· 2025-12-17 05:14
Aditxt Inc. (NASDAQ:ADTX) shares surged 52.11% in after-hours trading to $2.16 on Tuesday following the company’s filing of a definitive proxy statement for a special stockholder virtual meeting scheduled for Jan. 30, 2026.Check out the current price of ADTX stock here.Multiple Shareholder ProposalsThe proxy statement outlines several critical proposals requiring shareholder approval. According to the Securities and Exchange Commission filing dated Tuesday, stockholders of record as of Dec. 5 will vote on N ...