Workflow
Federal regulators probe Tesla over not properly reporting crashes involving Autopilot and Full Self-Driving
Business Insider· 2025-08-22 01:14
Core Viewpoint - Tesla is under investigation by the National Highway Traffic Safety Administration (NHTSA) for allegedly failing to report crashes involving its Autopilot and Full Self-Driving systems in a timely manner [1][2]. Investigation Details - The NHTSA requires car manufacturers to report crashes involving autonomous or advanced driver assistance systems within five days of notification, but Tesla reportedly submitted reports months later, sometimes in batches [2]. - Preliminary discussions between the NHTSA and Tesla indicated that the delays in reporting were due to issues with Tesla's data collection, which the company claims have been resolved [3]. Crash Reporting Methodology - Tesla's crash-counting methodology only includes incidents where airbags are deployed and Autopilot was engaged within five seconds prior to the crash, as pointed out by a tech safety advocacy group [4]. Previous Investigations - In 2022, the NHTSA investigated Tesla's Model 3 and Model Y for "phantom braking," where vehicles unexpectedly brake without cause [8]. - Tesla CEO Elon Musk previously stated that phantom braking would be addressed in a software update, but there have been no further comments on the issue since then [8]. Legal Issues - A Florida judge ordered Tesla to pay $242 million in damages related to a 2019 crash involving Autopilot, which resulted in a fatality and serious injuries [9]. - California's Department of Motor Vehicles has filed a lawsuit against Tesla, alleging misleading advertising regarding the capabilities of Autopilot and Full Self-Driving, which could lead to a suspension of Tesla's sales rights in California for at least 30 days [10]. - Tesla's legal team has denied the allegations, asserting that the company has informed customers they "cannot fully rely" on FSD or Autopilot [11].
PETCO IMPORTANT DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Petco Health and Wellness Company, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 29 Deadline in Securities Class Action – WOOF
GlobeNewswire News Room· 2025-08-22 01:11
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Petco Health and Wellness Company, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on August 29, 2025 [1] Group 1: Class Action Details - Investors who purchased Petco securities between January 14, 2021, and June 5, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [3] - The lawsuit alleges that Petco made false and misleading statements regarding its business model and the sustainability of its pandemic-related growth [5] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [4] - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized for its success in this area [4] Group 3: Case Allegations - The lawsuit claims that Petco's pandemic-related growth was overstated and that the company downplayed the severity of issues affecting its business model [5] - It is alleged that Petco's public statements were materially false and misleading, leading to investor damages when the true situation was revealed [5]
Alkane Delivers Profit After Tax of A$33 Million for FY2025
Globenewswire· 2025-08-22 00:56
Financial Performance - Alkane Resources Limited reported a significant increase in gold revenue for the year ended June 30, 2025, totaling A$262.36 million, up 52% from A$172.99 million in the previous year [1] - Gold production rose to 70,120 ounces, a 23% increase from 57,217 ounces in June 2024, driven by higher grade ore and improved recoveries [1] - The company achieved a profit after tax of A$33.04 million, an 87% increase compared to A$17.68 million in the prior year [1] Operational Highlights - The all-in sustaining cost (AISC) for gold production was A$2,561 per ounce [1] - The Tomingley profit before tax increased by 84% to A$60.93 million from A$33.12 million [1] - The merger with Mandalay Resources Corporation was approved by shareholders and became effective on August 5, 2025, positioning the company for future growth [2][3] Cash and Investments - As of June 30, 2025, the company held A$60.3 million in cash, bullion, and listed investments, with A$48.1 million in cash and A$12.2 million in bullion at fair value [2] - The market value of listed investments was A$8.0 million [2] Company Overview - Alkane Resources operates three mines in Australia and Sweden, focusing on gold and antimony production [7][8] - The company is also developing the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, with ongoing exploration in the Northern Molong Porphyry Project [9]
OpenAI lawyers question Meta's role in Elon Musk's $97B takeover bid
TechCrunch· 2025-08-22 00:31
Core Points - OpenAI is seeking evidence from Meta regarding any coordination with Elon Musk and xAI related to a potential acquisition or investment in OpenAI [1][2] - OpenAI's legal team has subpoenaed Meta for documents concerning Musk's $97 billion bid to take over OpenAI, which was made in February [1][2] - Meta has invested significantly in AI development, including hiring key researchers from OpenAI and investing $14 billion in Scale AI [3] Group 1 - OpenAI's lawyers claim that Musk communicated with Meta's CEO Mark Zuckerberg about financing arrangements for xAI's bid to purchase OpenAI [2] - Meta has objected to OpenAI's subpoena and argues that Musk and xAI can provide relevant information instead [4] - OpenAI is also requesting documents related to any restructuring or recapitalization of the company, which is central to Musk's lawsuit [2] Group 2 - Meta has been actively developing its own AI models and has poached several leading AI researchers from OpenAI [3] - The ongoing legal battle highlights the competitive landscape in the AI sector, with major players like Meta and Musk's xAI vying for dominance [3][4] - The situation is evolving, and further updates are expected as the legal proceedings continue [4]
Miata Metals Closes Upsized Private Placement of $5.5 million
Globenewswire· 2025-08-22 00:27
Core Points - Miata Metals Corp. has successfully closed a non-brokered private placement offering, issuing 23,913,044 units at a price of $0.23 per unit, resulting in total gross proceeds of $5,500,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 until August 21, 2027 [2] - The offering was conducted under the listed issuer financing exemption, allowing the securities issued to Canadian residents to be free from resale restrictions [3] - Proceeds from the offering will be allocated for exploration activities on the Sela Creek and Nassau Gold projects in Suriname, as well as for general working capital and corporate purposes [4] Group 2: Finder's Fees and Related Party Transactions - The company paid a total of $165,004 in cash finder's fees and issued 771,410 finder's warrants, which are also exercisable at $0.40 until August 21, 2027 [5] - Two directors and an officer of the company participated in the offering, contributing a total of $121,002, which is classified as a related party transaction [6] Group 3: Company Overview - Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges, focusing on the acquisition, exploration, and development of mineral properties [7] - The company holds a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project, both located in Suriname's greenstone belt [7]
Workday, Inc. (WDAY) Q2 2026 Earnings Conference Call Transcript
Seeking Alpha· 2025-08-22 00:24
Company Participants - The earnings call features key executives including Carl M. Eschenbach (CEO & Director), Gerrit Kazmaier (President of Product & Technology), Justin Allen Furby (Vice President of Investor Relations), and Zane C. Rowe (Chief Financial Officer) [1] Conference Call Overview - The call is part of Workday's Second Quarter Fiscal Year 2026 Earnings Conference, indicating a focus on financial performance and strategic direction [2][3] - The call is being webcasted live, allowing for broader access to stakeholders and investors [3] Forward-Looking Statements - The company emphasizes that some statements made during the call, particularly regarding guidance, are forward-looking and based on current information, which may be subject to risks and uncertainties [4]
ROSEN, A LONGSTANDING LAW FIRM, Encourages Alto Neuroscience, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - ANRO
GlobeNewswire News Room· 2025-08-22 00:22
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Alto Neuroscience, Inc. during the IPO and the subsequent class period about the upcoming lead plaintiff deadline for a class action lawsuit [1][5]. Group 1: Class Action Details - Investors who purchased Alto securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 19, 2025 [3]. - The lawsuit claims that throughout the class period, defendants made materially false and misleading statements regarding Alto's business and prospects, particularly concerning the effectiveness of ALTO-100 in treating major depressive disorder [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].
Google scores six-year Meta cloud deal worth over $10 billion
CNBC· 2025-08-22 00:06
Core Insights - Meta has agreed to spend over $10 billion on Google cloud services over a six-year period, focusing on artificial intelligence infrastructure [1][4] - Google is actively pursuing large cloud contracts to compete with Amazon Web Services and Microsoft Azure, having recently secured business from OpenAI [2] - Google Cloud unit reported $2.83 billion in operating income on $13.6 billion in revenue for Q2, with a revenue growth of 32% [3] Company Strategies - Meta is heavily investing in AI infrastructure and talent, with total expenses expected to be between $114 billion and $118 billion in 2025 [4] - The partnership with Google indicates Meta's need for extensive cloud infrastructure, as it also utilizes services from Amazon and Microsoft [5] - Despite being rivals in online advertising, the collaboration highlights the necessity for Meta to enhance its cloud capabilities [5]
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Flywire Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYW
GlobeNewswire News Room· 2025-08-22 00:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Flywire Corporation securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Flywire securities between February 28, 2024, and February 25, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 23, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that throughout the Class Period, Flywire's defendants made false and misleading statements regarding the sustainability of the company's revenue growth and the impact of permit and visa-related restrictions on its business [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true details about Flywire's business performance became public [5].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PubMatic, Inc. (PUBM)
GlobeNewswire News Room· 2025-08-22 00:00
Core Viewpoint - A securities class action lawsuit has been filed against PubMatic, Inc. for failing to disclose significant changes affecting its business operations and financial outlook during the class period from February 27, 2025, to August 11, 2025 [1][2]. Group 1: Allegations and Impact - The complaint alleges that PubMatic did not inform investors about a major demand-side platform (DSP) buyer shifting clients to a new platform, which evaluates inventory differently, leading to reduced ad spend and revenue [2]. - As a result of these undisclosed issues, the positive statements made by the company regarding its business and prospects were misleading and lacked a reasonable basis [2]. - Following the release of the second quarter 2025 financial report, which acknowledged a reduction in ad spend from a top DSP partner, the company's stock price dropped by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [3][4]. Group 2: Legal Proceedings - Investors who purchased shares of PubMatic during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on October 20, 2025 [5]. - The lead plaintiff will represent the interests of other class members in the litigation process [5].