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FCPT Announces Acquisition via Sale-Leaseback of a GreatWater 360 Auto Care Property for $1.2 Million
Businesswire· 2026-01-09 23:49
Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of a GreatWater 360 Auto Care property for $1.2 million through a sale-leaseback transaction, indicating a strategic move to expand its portfolio in the automotive service sector [1]. Group 1: Company Overview - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties [1]. - The company is actively engaged in expanding its property portfolio, as evidenced by the recent acquisition [1]. Group 2: Acquisition Details - The acquired property is associated with GreatWater 360 Auto Care, which operates approximately 150 full-service automotive centers located in the Midwest and Texas [1]. - The acquisition price for the GreatWater property is $1.2 million, highlighting FCPT's investment strategy in the automotive care industry [1].
Trump Tariffs Allowed To Stand For Now, But Polymarket Traders Predict Only 25% Chance Of SCOTUS Approval
Benzinga· 2026-01-09 17:27
Group 1 - The U.S. Supreme Court has not yet ruled on President Trump's global tariffs, with traders estimating a 75% chance of a favorable ruling for Trump [1] - Trump imposed tariffs under the International Emergency Economic Powers Act (IEEPA), citing trade deficits as a national emergency, and has faced lower court rulings that he exceeded his authority [3][4] - The administration is appealing these lower court rulings, leading to the current Supreme Court review [5] Group 2 - There is a potential for $150 billion in refunds for major companies if Trump loses the tariff case, with several companies already filing lawsuits to challenge the tariffs and seek refunds [6][7] - Companies involved in the lawsuits include Costco, Alcoa, EssilorLuxottica, Goodyear, BorgWarner, GoPro, and Revlon, among others [7][8] Group 3 - Crypto traders believe that a ruling against Trump's tariffs could positively impact Bitcoin and other risk assets, as it would provide market clarity and ease cost pressures for corporations [9] - Trump has acknowledged the significant implications of the Supreme Court ruling, stating that a decision against the tariffs would be detrimental to the U.S. [10] Group 4 - Even if the Supreme Court strikes down the tariffs, it is expected that any rollback will be partial and gradual, with other duties remaining in place [11] - The case represents a significant test of presidential powers and the court's willingness to limit Trump's assertions of authority, with potential implications for the global economy [11]
OTC Market Update and Letter of Intent with NFI Empire
Accessnewswire· 2026-01-09 16:20
Core Viewpoint - Newport Gold, Inc. has announced a plan to become current with its obligations to OTC Markets and has executed a Letter of Intent with NFI Empire, an automotive firm generating over $10 million in annual revenue [1] Group 1 - Newport Gold, Inc. is a mining and technology company [1] - The company aims to fulfill its obligations to OTC Markets [1] - NFI Empire is described as a premier, asset-light automotive firm based in North East, Pennsylvania [1] Group 2 - NFI Empire generates more than $10 million in annual revenue [1]
Who is Kedar Lele? Haleon announces ex-Castrol India MD as new president for India subcontinent
MINT· 2026-01-09 13:41
Core Insights - Haleon has appointed Kedar Lele as the new President for the India Subcontinent, effective this month, succeeding Navneet Saluja who retired in October 2025 [1][3] - Lele brings over 25 years of experience in various sectors, including FMCG, and will be part of Haleon's Executive Team, focusing on the company's strategy to reach 1 billion more consumers by 2030 [3][4] Company Overview - Haleon is a consumer healthcare company based in England, offering over-the-counter products for everyday health needs, with a focus on oral care, digestive health, pain management, respiratory health, and vitamin and mineral supplements [6] - The company markets well-known brands such as Eno, Sensodyne, Iodex, Crocin, Otrivin, Centrum, Ostocalcium, Parodontax, and Polident in India [6] Leadership Background - Kedar Lele previously served as Managing Director at Castrol India Ltd and has nearly two decades of experience at Hindustan Unilever Ltd, where he held senior roles including Executive Director for Sales and Customer Development in South Asia [2][4] - Lele holds an MBA in Strategic Marketing and Operations from the Indian School of Business and has served on the board of TVS Automobile Solutions [5]
J.P. Morgan Bangs the Drum on These 2 ‘Strong Buy’ Stocks
Yahoo Finance· 2026-01-09 11:04
Company Overview - Oculis is a Swiss-based biopharma company focused on improving eye care and saving patients' vision, with operations in the US and Iceland [2] - The company has developed a differentiated pipeline of drug candidates for conditions such as diabetic macular edema (DME) and acute optic neuritis (AON) [2] Pipeline and Drug Candidates - Oculis has several late-stage clinical studies, including OCS-01, a potential treatment for DME, which affects over 37 million people globally, projected to rise to 53 million by 2040 [1][2] - OCS-01 is the first topical eye drop for DME, with two fully enrolled Phase 3 trials (DIAMOND) involving over 800 patients, and topline data expected in 2Q26 [7][10] - The company plans to submit a New Drug Application (NDA) to the FDA in 2H26, with the DME market estimated at $5 billion globally [7][10] - Oculis is also developing privosegtor (OCS-05) for AON and NAION, with several clinical trials underway, including positive results from Phase 2 trials [8][11] Financial Position - As of the end of Q3, Oculis had $182.2 million in cash and liquid assets, which increased to $300 million following a capital raise campaign in October [9] Analyst Insights - Analysts view Oculis as offering a diversified ophthalmology pipeline with high unmet needs, particularly for DME with OCS-01 showing promising efficacy and safety [10] - The stock has received a Strong Buy consensus rating, with a price target of $38 indicating an 81% upside potential, while the current stock price is $20.97 [11]
Manufacturing And Automotive Giants Continue Their Shift From Grease To Code At CES 2026
Forrester· 2026-01-09 10:22
Core Insights - The Consumer Electronics Show (CES) has evolved beyond its original focus, showcasing a wide range of technologies including smart manufacturing, AI, and digital tools [1] Siemens - Siemens CEO Roland Busch delivered a keynote at CES, emphasizing the company's advancements in industrial AI and its partnership with NVIDIA [3][4] - The introduction of Siemens' Digital Twin Composer aims to enhance the integration of software and IoT capabilities with NVIDIA's Omniverse platform, facilitating the creation and maintenance of digital twins [5] - Siemens announced a collaboration with Sony to combine industrial design software with high-resolution extended reality headsets, and also introduced Meta's Ray-Ban AI Glasses for routine maintenance tasks on the shop floor [6] - The launch of Siemens' Industrial Copilot, in partnership with Microsoft, includes nine new AI copilots designed to address specific industrial challenges [7] Bosch - Bosch announced a $2.9 billion investment in AI research and development over the next two years, focusing on embodied AI and enhancing existing technologies for the automotive sector [8][9] NVIDIA - NVIDIA's CEO Jensen Huang highlighted the company's advancements in AI models for training robots and autonomous vehicles, emphasizing the open-source nature of their tools [10] Industry Trends - Other manufacturers, such as Hyundai and Hexagon, are also investing in AI and robotics, with Hyundai planning to deploy humanoid robots in its factories by 2028 [11] - Microsoft has emerged as a key strategic partner for many companies in the AI and cloud space, overshadowing competitors like AWS and Google [12] - The shift from traditional manufacturing to digital tools and AI is essential for industrial firms to remain competitive in a rapidly changing market [13]
CES 2026: What is the next big thing in tech?
The Economic Times· 2026-01-09 09:08
Entertainment - The competition in the TV market for 2026 is between Micro RGB and advanced OLED technologies, with a focus on achieving brightness levels that replicate natural light [1] - Samsung introduced a 130-inch Micro RGB smart television featuring a Timeless Frame design, powered by advanced AI technologies to enhance color and contrast [2] - LG showcased its OLED evo W6, a wireless Wallpaper TV that is only nine millimeters thick, featuring Hyper Radiant Color Technology and support for gaming technologies [3] Robotics - LG's CLOiD functions as an in-home secretary, managing tasks by analyzing the owner's schedule and environment, utilizing advanced vision-language technologies [4] - Boston Dynamics unveiled the Atlas humanoid robot, which boasts 56 degrees of freedom and tactile sensing capabilities [5] - Switchbot's Onero H1 is a humanoid housebot designed for household tasks, equipped with functional hands and advanced vision-language technology [7] Automotive & Mobility - The Afeela 1 prototype, a collaboration between Sony and Honda, is set to launch in late 2026 with a starting price of $89,900 [9] - Mercedes-Benz introduced the electric GLC, featuring an 800-volt charging system, 483 horsepower, and an estimated range of up to 713 kilometers, with sales expected in the second half of 2026 [10] - Verge Motorcycles announced the TS Pro model, the first production bike utilizing solid-state batteries, allowing for a 10-minute recharge and a range of approximately 370 miles [11] Health and Wellness - Sensura presented a non-invasive glucose monitoring platform consisting of a handheld device for quick checks and a wearable for continuous monitoring [13] - The Withings Body Scan 2 is a smart scale with 12 electrodes, measuring over 60 metrics, and is expected to launch in 2026 pending regulatory approval [14] - The SmartSleep system by a Chinese startup is an AI-driven mattress that adjusts firmness in real-time based on body pressure and movement [16] AI Companions - Fuzozo, an AI companion by Robopoet and Tuya Smart, features a cellular edition for constant online interaction [18] - Loona DeskMate is a robot-shaped wireless charger that transforms an iPhone into a desktop AI assistant, providing reminders and companionship [19] - The trend of developing robots for emotional support is a response to the global loneliness epidemic [17]
China consumer inflation hits fastest pace since February 2023, in line with expectations
CNBC· 2026-01-09 01:43
Economic Indicators - Core inflation in December was up 1.2% year on year, unchanged from the previous month [1] - Consumer prices rose 0.8% year on year, the highest level since February 2023, following a 0.7% increase in November [2] - Monthly consumer prices grew 0.2%, exceeding the expected 0.1% gain [3] Industrial Performance - Factory-gate prices dipped 1.9% in December, better than the forecasted 2% decline, extending a deflationary streak beyond three years [1] - Industrial production growth is estimated to have edged up to around 4.9%, supported by a pickup in manufacturing activity [5] - The official purchasing managers' index (PMI) rose to 50.1 from 49.2, indicating a return to growth in manufacturing activity after eight months of decline [5] Investment and Consumption - Fixed-asset investment likely contracted by around 11.8% in December, worsening from an 11.1% decline in November [5] - Policymakers are expected to implement measures to boost consumption and stabilize the property market, although past efforts have not yielded significant results [6] - New home sales in floor space are estimated to fall by 7% in 2026 after an 8% decline in 2025 [6] Profitability and Market Dynamics - Industrial firms experienced a profit drop of 13.1% year-on-year in November, marking the steepest decline in over a year [7] - Carmakers have initiated a new round of price cuts and perks due to sluggish demand and the withdrawal of part of a tax incentive for electric vehicles [8]
GreenPower Announces US$10 Million Financing and US$2.95 Million in Standby Letter of Credit Facilities
Prnewswire· 2026-01-09 00:25
Core Viewpoint - GreenPower Motor Company has secured $5 million in financing from CIBC, which includes a $3 million revolving line of credit and a $2 million term loan, aimed at accelerating the production of all-electric vehicles to meet existing customer orders [1] Financing Details - The financing facilities consist of a $3 million revolving line of credit and a $2 million term loan with a three-year term [1] - GreenPower has also received approval for a letter of credit of $450,000 and a facility of up to $2.5 million, pending approval from another financial institution [1] - The company has closed an additional $5 million in term loans from two family offices, which provided personal guarantees for these credit facilities [1] Use of Proceeds - A portion of the net proceeds from the financing will be allocated to repay the existing operating line of credit, while the remainder will be used for general corporate purposes [1] Related Party Transactions - The company will issue 3,205,128 non-transferable share purchase warrants to one family office, allowing the purchase of common shares at an exercise price of $0.78 for 36 months [2] - Additionally, 641,025 shares will be issued to one of the family offices as part of the financing arrangement [2] - These transactions are classified as related party transactions but are exempt from formal valuation and minority approval requirements [2] Securities Regulation - All securities issued in connection with the loans will be subject to a statutory hold period of four months plus a day from the closing date [3]
Aptera Motors Appoints Automotive Industry Veteran Tony Kirton as Chairman of the Board of Directors
Globenewswire· 2026-01-08 21:49
CARLSBAD, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company advancing ultra-efficient transportation, today announced that Tony Kirton has been appointed Chairman of the Board of Directors. Kirton brings more than four decades of global automotive leadership experience, having held senior executive and board roles across leading automotive brands including Volkswagen, Audi, and BMW. His appointment follows his service as an independent board director and s ...