Tilray Announces $52.5M Net Income in Q3 2022, Rev. Jumps 23%
(Tilray) Tilray reported a net income of $52.475 million in the third quarter of 2022, an increase from a loss of $258.6 million in the comparable quarter of last year.…
Spirit Airlines Confirms a $33 a Share Offer by JetBlue. Better Than Frontier’s Offer?
(Spirit) Budget air carrier Spirit Airlines said it received an unsolicited offer to be acquired by JetBlue Airways for a $33 a share cash deal. Spirit announced that its board…
Rivian Produced 2,553 Vehicles in Q1 22, Says Its on Course to Reach Annual Target
(Rivian) Rivian Automotive announced that it produced 2,553 vehicles at the Normal, Illinois, facility in the first quarter of 2022. The company said it delivered 1,227 vehicles in the same…
HSBC Onboards Wealthy Asian Clients Into the Metaverse With a New Fund
(Bloomberg) Banking giant HSBC has created a fund that seeks to catapult wealthy private banking clients in Hong Kong and Singapore into the $800 billion world of virtual realities. HSBC…
Sunshine Biopharma Jumps 180% on News of Cancer Destroying mRNA Molecules
(Sunshine) Shares of Sunshine Biopharma Inc. rose more than 180% on Tuesday after saying two of its designed mRNA molecules could neutralize cancer cells grown in culture. Sunshine said that…
GM and Honda Partner to Develop Affordable EVs for Popular Vehicle Segments
(General Motors) Automakers General Motors and Honda will co-develop a series of affordable electric vehicles that will target the most popular vehicle segments globally. The companies will share their technology,…
System1 Jumps 12% as Revenue Rises 48% in Q4 2021, Upgrades Guidance
(System1) Shares of System1, Inc. rose more than 12% in premarket on Tuesday after reporting a revenue of $239 million in the fourth quarter of 2021, up 48% from the…
Jumia Rallies 30% As It Announces UPS Partnership for Africa’s Expansion
(Jumia) Shares of Jumia Technologies AG rose more than 30% on Monday after inking a deal with the United Parcel Services Inc. for an expanded distribution network. The deal is…
NIU Stock Jumps 12% As EV Sales Jump 9.4% In the First Quarter of 2022
(NIU) NIU Technologies announced 163,659 units of electric vehicles sold in the first quarter of 2022, up 9.4% from the prior year. NIU said that the number of units the…
Ford’s Retail Sales Grew 23% in March but US Volume Plummets by a Quarter
(Ford) Ford said that its retail sales in March increased by 23.2% compared to February, underlining the company's improvement in production and inventory. F-Series posted a record 50,000 new retail…
Hertz Accelerates Electrification Efforts With Deal to Acquire 65,000 EVS From Polestar
(Hertz) American car rental company Hertz has announced a deal to buy up to 65,000 electric vehicles from Polestar over five years. The move marks a further acceleration of the…
DWAC Plunges 14% as Two Executives Quit Donald Trump’s Truth Social Project
(Reuters) Shares of blank-check company Digital World Acquisition Corp. traded 14% lower on Monday after a deal to take Trump Media & Technology Group hung in balance. The fall in…
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