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Salt Lake City, June 26, 2024 (GLOBE NEWSWIRE) -- Recursion Pharmaceuticals, Inc. (“Recursion”) (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced that it intends to offer and sell $200.0 million of shares of its Class A common stock in an underwritten public offering. All of the shares of Class A common stock are being offered by Recursion. In addition, Recursion intends to grant to the underwriters a 30-day option to purch
China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.
WARSAW (Reuters) -Poland's biggest energy company Orlen warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom, sources familiar with the matter said. The warnings, in letters sent over a month ago, are linked to claims for losses Poland incurred after being cut off from Russian supplies in 2022, two sources with knowledge of the letters told Reuters. Poland was cut off for not paying in roubles as Western nations imposed sanctions on Russia following its invasion of Ukraine.
This mining stock has a huge future ahead of it, especially as copper surges in demand around the world. And the dividend is the cherry on top! The post 1 Canadian Mining Stock Worth a Long-Term Investment appeared first on The Motley Fool Canada.
Amidst a landscape where the Canadian market shows resilience with steady economic growth and rising stock values, consumer sentiment remains tepid, reflecting a complex interplay of economic factors. In such an environment, identifying stocks that are potentially undervalued becomes particularly compelling as they may offer opportunities for investors seeking value in a market where broader indices have been performing robustly.
Vietnamese electric vehicle automaker VinFast is releasing the VF3, a $9,200, 10-foot-long mini-SUV electric vehicle (EV), in the Asian market as the company scrambles to mitigate financial losses after a dwindling expansion in the Western market. Where to get it: The five-seater mini-SUV is available through Southeast Asian e-commerce platform Shopee for an initial deposit of $2,000. Hoping to sell 20,000 cars this year, VinFast has reportedly already seen 27,000 people place their orders since it began taking orders on May 13.
After spectacular gains sales of electric vehicles are struggling in the West, with China taking the lead. Barclays takes a look at the situation. Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany.
The argument is about a lot more than Detroit and cars.
AMSTERDAM/HAMBURG (Reuters) -Nexperia, one of the world's largest makers of basic semiconductors such as diodes and transistors, said on Thursday it would invest $200 million to expand capacity at its main production site in Hamburg, Germany. The investment by Dutch-headquartered Nexperia, owned by Chinese electronics maker WingTech, is a rare example of a computer chip investment made in Europe without assistance from state subsidies under the EU's Chips Act launched in 2023. It also comes as the European Union is considering whether China is unfairly subsidising domestic Chinese production of simple "legacy" chips, found in cars, electric systems, smartphones and industrial applications.
As global markets exhibit mixed signals with modest gains in the U.S. and challenges in sectors like Chinese real estate, investors are keenly observing opportunities for stable returns. In this context, dividend stocks emerge as appealing options, offering potential resilience and consistent yield amidst fluctuating market conditions.
Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.
WestJet has begun to cancel flights on Thursday, ahead of a potential strike by its mechanics. This comes after a second strike notice was issued on wednesday by the union, indicating work stoppage as early as Friday.
For the second time in just over a week, travel plans for thousands of Canadians are in jeopardy. With contract talks stalled, WestJet's unionized mechanics have again issued a 72-hour strike notice -- which puts them in a legal strike position early Friday morning. As Andrea Macpherson reports, the airline has responded by saying it will "lock out" those workers.
The future of the sector has been at the centre of the political debate in Scotland during the election.
Artificial intelligence (AI) took centre stage at MWC Shanghai, the regional edition of the world's largest mobile communications industry trade show, as China's telecommunications network operators and equipment suppliers look to advances in the technology to bolster their businesses. Senior executives from China Mobile, China Unicom, China Telecom, Huawei Technologies and ZTE Corp presented their AI strategies at Wednesday's opening of MWC Shanghai, which runs until Friday. The event's main th
(Reuters) -Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest rates and firm complex refining margins. Brent crude futures for August settlement, which expire on Friday, rose 48 cents, or 0.56% to $86.87 a barrel by 0620 GMT. "Crude oil edged higher despite weak near-term fundamentals," said ANZ analysts, referring to unexpected gains in U.S. crude inventories despite expectations of a drawdown during the summer peak demand.
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
Namibia's recent oil discoveries, particularly Galp's Mopane find, have sparked a surge in interest from major oil companies, with potential reserves rivaling Guyana's.
Walgreens announced on Thursday that it's closing about a fourth of its 8,600 stores. The announcement comes after Rite Aid recently announced it's filing for bankruptcy.
Shein should strengthen its supply-chain and enhance cost control to maintain long-term growth in a fast-changing retail landscape, according to experts from Bain & Co and Kantar Worldpanel. Constant innovations to the Chinese-founded online fast-fashion marketplace's business model and products will be effective in keeping potential rivals at bay, as the company rises to global prominence with its US$5 tops and US$10 dresses. "An agile supply chain and connected-commerce capabilities are needed
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