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Shareholder Investigation Announcement: Wolf Haldenstein Adler Freeman & Herz LLP Investigates National Grid plc (NYSE: NGG)
GlobeNewswire News Room· 2025-07-14 14:02
Group 1 - Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information [1][3] - A report indicated that a fire at Heathrow Airport in March 2025 was caused by National Grid's failure to maintain an electricity substation, which had been identified as an issue seven years prior [2] - Following the publication of the report, the price of National Grid American Depositary Shares fell by 5% on July 2, 2025 [2] Group 2 - The UK Energy Minister, Ed Miliband, expressed that the findings of the report were "deeply concerning" [2] - Wolf Haldenstein emphasizes its commitment to corporate accountability and transparency for investors who have suffered financial harm [3]
Introducing Cogent: Greylock's Saam Motamedi & Corinne Riley Chat with CEO Vineet Edupuganti
Greylock· 2025-07-14 14:01
Company Overview - Cogent is building AI agents to automate vulnerability management, a critical cybersecurity problem [2] - The company aims to remove bottlenecks and increase efficiency for security teams by applying AI to model organizational behavior [3] - Cogent's AI agents are designed to resemble the reasoning capacity of top security, engineering, and IT personnel to remediate risk faster [4] Technology and Innovation - Cogent differentiates itself by integrating data sources from across the enterprise and applying intelligence to model organizational behavior [3] - The company leverages generative AI to automate human judgment in identifying and resolving critical security findings [13] - Cogent combines security experts with AI experts from companies like Google Research, Coinbase, Tesla, and Stripe [8] Market Opportunity and Challenges - Generative AI is accelerating the threat landscape, enabling attackers to quickly generate exploit code [10] - Organizations face an asymmetry between attackers and defenders, requiring faster response times [11][12] - Cogent aims to bridge the gap between stakeholders and enhance organizational security in the face of evolving AI-driven threats [11] Funding and Future Plans - Cogent has announced an $11 million seed fund raise [14] - The company plans to extend its platform to cover more use cases and scale its impact by bringing more customers onto the platform [15] Talent Acquisition - Cogent operates in a large cybersecurity market with accelerating challenges due to generative AI [17] - The company has assembled a core team with deep expertise in both security and AI [17] - Cogent emphasizes customer centricity and alignment, aiming to provide a rewarding professional experience for its employees [17]
X @The Economist
The Economist· 2025-07-14 13:20
Writing ever bigger cheques for companies that have yet to prove they can turn a profit, and holding on to them in the hope that they eventually will, raises the likelihood of enormous losses https://t.co/892sevRIJZ ...
Chevron Blames Offshore Well Start-Up for Mars Crude Quality Issues
ZACKS· 2025-07-14 13:05
Core Insights - Chevron Corporation has confirmed zinc contamination in the Mars crude oil stream, disrupting supply-chain and refining operations across the U.S. Gulf Coast [1][10] - The U.S. Department of Energy has responded by releasing up to 1 million barrels of crude oil from the Strategic Petroleum Reserve to mitigate the supply crunch [3][4] Supply Chain Disruption - The contamination has led to key refiners, including Exxon Mobil, suspending procurement of Mars crude, raising concerns among industry stakeholders [1][10] - Mars crude, a medium sour blend, is essential for Gulf Coast refineries due to its optimal refining characteristics, and any changes in its composition can cause operational challenges [2] Strategic Responses - The DOE's release of crude oil is part of a swap deal, ensuring that ExxonMobil will return the crude plus additional barrels later [4][17] - The release aims to stabilize regional fuel supply chains amid the ongoing disruption caused by zinc contamination [3][4] Inventory and Supply Challenges - Crude inventories in the Gulf Coast have reached their lowest seasonal levels in seven years, exacerbated by international and domestic supply challenges [5] - Factors such as wildfires in Canada, U.S. sanctions on Venezuela, and declining Mexican crude production have further strained supply options [5][6] Refining Operations Impact - Refineries optimized for Mars-grade oil face technical challenges when switching to alternative crude blends, with zinc contamination posing risks to refining equipment [7] - The uncertainty surrounding the contamination has led to reduced refining throughput and increased input costs, with gasoline and distillates demand at a five-year high [8] Market Volatility - Following the contamination announcement, Mars crude prices experienced significant volatility, trading at a 15-cent premium to U.S. benchmark crude after previously being at a discount [11][12] - The Mars stream handles approximately 575,000 barrels per day, making its reliability critical for regional supply planning [12] Chevron's Response - Chevron is actively working to resolve the contamination issue and has stated that it will not impact its current production guidance [13] - Industry sources suggest that the zinc contamination likely originated from drilling materials introduced during the new offshore well's start-up [14] Supply Alternatives - With the Mars stream compromised, refiners are seeking alternative supplies of medium sour crude, but such grades are becoming increasingly scarce [15] - Logistical challenges and technical limitations of refinery systems complicate efforts to secure substitute grades [16] DOE's Assurance - The DOE has confirmed that the temporary release of barrels will not interfere with ongoing efforts to replenish the Strategic Petroleum Reserve [17] - The department remains committed to long-term energy security while addressing short-term disruptions [17] Conclusion - The zinc contamination incident highlights the vulnerabilities in the supply chain and the interdependencies within global oil markets [18] - The situation underscores the need for swift remediation and improved management protocols to safeguard against future disruptions [19]
X @Forbes
Forbes· 2025-07-14 08:30
Elon Musk’s Robotaxi Dream Could Be A Liability Nightmare For Tesla And Its Owners https://t.co/QZvOZS2z0r https://t.co/QZvOZS2z0r ...
Kinder Morgan's Strategic Role In U.S.-EU LNG Diplomacy (Earnings Preview)
Seeking Alpha· 2025-07-14 07:28
Core Insights - Kinder Morgan (KMI) is recognized as one of the largest and most renowned companies in the energy sector, headquartered in Houston, Texas [1] Investment Strategy - The focus is on long-term growth and dividend growth investing, with an emphasis on identifying undervalued stocks and high-quality dividend-growing companies [1] - Profitability is prioritized as a safer driver of gains compared to low valuation, highlighting the importance of margins, free cash flow stability and growth, and returns on invested capital [1] - Continuous research is conducted on high-quality companies to uncover potential investment opportunities [1]
X @mert | helius.dev
mert | helius.dev· 2025-07-14 04:25
you think crypto will win but you're underexposed to the most scalable chain with the highest revenues, growth rate, and talent density of apps and foundersalso, solana saved my coronary artery disease ...
X @Forbes
Forbes· 2025-07-14 03:30
Weed Rx: “Pharmaceutical cannabis is the biggest future for cannabis,” says Joel Stanley (left, with his brother Jared), founder of Ajna BioSciences, which has a botanical drug in the FDA pipeline. https://t.co/Zc0kC8TGIb https://t.co/Zc0kC8TGIb ...
X @aixbt
aixbt· 2025-07-13 21:26
usdt cutting support for 5 chains while concentrating 96% ($154b) on eth and tron networks. clear signal: blockchain infrastructure moving from quantity to quality. dev activity and scalability are the new filters for survival ...
X @Cointelegraph
Cointelegraph· 2025-07-13 21:00
🚨 LATEST: BoE Governor warns banks against launching stablecoins, citing risks to stability and trust. https://t.co/7mbe7j6lsQ ...