Stockwinners Market Radar for July 19, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:02 EDT Boeing sees 3% increase in airplane deliveries over the next 20 years - With air travel fully recovered and even surpassing pre-pandemic demand, Boeing projected a 3% increase in airplane deliveries over the next 20 years, with carriers requiring nearly 44,000 new commercial airplanes by 2043. Leading into the Farnborough International Airshow, Boeing released its 2024 Commercial Market Outlook, which also predicts emerging markets and global single-aisle market demand will remain primary growth drivers for the industry. Air travel demand continues to outpace economic growth in an increasingly connected world. Four years after the pandemic grounded most of the global fleet, air traffic growth has returned to the long-term trend Boeing forecast 20 years ago. Compared to 2023, passenger air traffic will rise an average of 4.7% annually over the next two decades, according to the CMO. "This is a challenging and inspiring era for aviation. The return to more typical traffic growth shows how resilient our industry is, even as we all work through ongoing supply chain and production constraints amid other global challenges," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.

17:30 EDT Cummins awarded $410.87M Army contract modification - Cummins was awarded a $410.87M modification to a contract to procure diesel engines. Work locations and funding will be determined with each order, with an estimated completion date of December 29, 2028. Army Contracting Command is the contracting activity.

16:40 EDT BNY Mellon exec Smits sells 15,000 common shares - In a regulatory filing, BNY Mellon senior executive VP Hanneke Smits disclosed the sale of 15,000 common shares of the company on July 18 at a price of $64.108 per share.

16:17 EDT EDAP TMS reports interim results from Phase 3 study of Robotic HIFU - EDAP TMS announced interim results from its Phase 3 study evaluating robotic High-Intensity Focused Ultrasound therapy for the treatment of deep infiltrating endometriosis. The Phase 3 study is a 60-patient comparative, randomized, double blind trial, with the primary objective of evaluating acute pelvic pain levels. All patients were initially followed for three months after either the HIFU treatment or the Sham treatment. Interim results: Robotic HIFU therapy continues to maintain an excellent safety profile in patients with deep infiltrating endometriosis, confirming results from earlier Phase 1 and Phase 2 studies. While both arms of the study showed significant reduction in pelvic pain scores at three months from baseline as measured by Visual Analog Scale (VAS), the primary endpoint of reduced acute pelvic pain in the HIFU treatment arm compared to the Sham treatment arm was not met; the Company and the Principal Investigator of the study believe the three-month post-procedure follow-up period was likely too short of a time period to show clinically meaningful differences in pain scores between the two arms of the study. As measured by MRI, patients receiving robotic HIFU therapy experienced higher volume reductions in the endometriosis nodule as compared to patients in the Sham treatment arm. The Phase 3 study continues per protocol, with several patients initially in the Sham treatment arm having elected and already received HIFU therapy after their pelvic pain returned to baseline levels. "The interim results from the ongoing Phase 3 study demonstrate that robotic HIFU therapy continues to maintain an excellent safety profile in patients with deep infiltrating endometriosis. Additionally, the reduction in the volume of the nodules observed in the HIFU arm confirms the therapeutic effect of the HIFU treatment," said Professor Gil Dubernard, Head of Gynecology Department at Croix-Rousse Academic Hospital, Lyon, France, and Principal Investigator of the Study. "This data is consistent with the prior results from the Phase 2 study that was recently published in the Journal of Human Reproduction1 on the safety and the potential benefit of HIFU treatment for well-selected patients with deep infiltrating endometriosis." "Although this initial data shows similar levels of improvement in pelvic pain scores between the two arms, we believe that a therapeutic benefit favoring robotic HIFU is more likely to be confirmed over a longer period of time post-procedure, as suggested by the stabilization of pain scores at six and twelve months observed in the Phase 2 study," said Ryan Rhodes, Chief Executive Officer of EDAP TMS. "Moreover, the cumulative safety and efficacy data from the Phase 1, 2 and 3 studies, suggests that robotic HIFU is a safe, non-invasive treatment and has significant potential to reduce pain for women suffering from this debilitating condition. We are encouraged to see additional patients from the Sham treatment arm elect to be treated with HIFU therapy in accordance with the study protocol, and we look forward to providing another update on the program later this year."

16:08 EDT Meta Data Limited announces planned ADS ratio change - Meta Data Limited announced that it plans to change the ratio of its American depositary shares, which currently is one ADS representing two Class A ordinary shares. The new ratio is expected to be one ADS representing ten Class A ordinary shares. There will be no change to the company's Class A ordinary shares. The effect of the ratio change on the ADS trading price on the New York Stock Exchange is expected to take place at the open of trading on July 29, 2024 (U.S. Eastern Time). ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change. the company's ADSs will continue to be traded on the NYSE under the symbol "AIU".

15:58 EDT Delta says over 1,200 flights have been canceled, extends travel waiver - Delta released the following statement: "More than 1,200 Delta mainline and Delta Connection flights have been canceled Friday due to a vendor technology issue impacting airlines and companies around the world. Additional delays and cancellations are expected Friday and potentially through the weekend. We're sorry for this inconvenience - canceling a flight is always our last resort and isn't taken lightly. Delta takes seriously the trust placed in us to deliver the reliability and experiences customers have come to know and expect from us." In response, Delta said it is issuing a travel waiver. Delta extended its waiver for all customers who have booked flights departing Friday, July 19. It allows customers to manage their own travel changes via delta.com and the Fly Delta app. The fare difference for customers will be waived when rebooked travel occurs on or before July 25, in the same cabin of service as originally booked. The company added that it is reaching out to customers about cancellations and re-booking options, as well as offering to cover meals and accommodations. Reference Link

14:39 EDT Starbucks jumps 4% to $77.30 after WSJ report of big Elliott stake

14:32 EDT Maui county council approves settlement of wildfire litigation - A resolution posted to the site of the County of Maui indicates that the Council of the County approved a global settlement of all wildfire litigation filed against the County of Maui. Bloomberg has previously reported that Hawaiian Electric Industries is among the companies that have tentatively agreed to pay more than $4B to resolve hundreds of lawsuits over the wildfires. Reference Link

13:44 EDT E.W. Scripps says business not significantly affected by global IT outage - The E.W. Scripps Company has not been significantly affected by the global IT outage that struck overnight. Scripps operates more than 40 local news operations as well as national networks ION and Scripps News, which was only off air for 10 minutes. Scripps was impacted by the outage, but the majority of its local stations' broadcast operations were not interrupted, and none went off the air completely. By 8 a.m. EDT, nearly all were able to air local news, and all were broadcasting news by noon. The company's ability to recover quickly and the timing of the incident overnight prevented Scripps' advertising revenue from being significantly affected.

13:36 EDT Fed fines Green Dot $44M for 'numerous unfair and deceptive practices' - The Federal Reserve Board said it "took action to address consumer compliance breakdowns" by Green Dot, fining the firm $44M for "numerous unfair and deceptive practices and a deficient consumer compliance risk management program." The agency said in a statement: "Green Dot violated consumer law in its marketing, selling, and servicing of prepaid debit card products, and its offering of tax return preparation payment services. For example, Green Dot failed to adequately disclose the tax refund processing fee for tax preparation services offered on a third party's website. The firm also blocked access to accounts of legitimate customers receiving unemployment benefits and lacked reasonable policies and procedures to help those customers cure those blocks. In addition, Green Dot did not maintain effective consumer compliance risk management and anti-money laundering programs." The Board is requiring the firm to take several steps to improve these programs. Reference Link

13:01 EDT Baker Hughes reports U.S. rig count up 2 to 586 rigs - Baker Hughes reports that the U.S. rig count is up 2 from last week to 586 with oil rigs down 1 to 477, gas rigs up 3 to 103 and miscellaneous rigs unchanged at 6. The U.S. Rig Count is down 83 rigs from last year's count of 669 with oil rigs down 28, gas rigs down 53 and miscellaneous rigs down 2. The U.S. Offshore Rig Count is down 1 to 22, up 4 year-over-year. The Canada Rig Count is up 8 from last week to 197, with oil rigs up 4 to 130, gas rigs up 3 to 66. The Canada Rig Count is up 10 from last year's count of 187, with oil rigs up 14, gas rigs down 5 and miscellaneous up 1.

12:42 EDT Western Alliance sees Q3 NII continuing to rise, Q4 NII more or less flat to Q3 - Sees Q4 total revenue relatively flat to Q3. Comments taken from Q2 earnings conference call.

12:27 EDT Microsoft CEO says company 'working closely' with Crowdstrike to fix issues - Microsoft (MSFT) CEO Satya Nadella said in a post on X, formerly Twitter, "Yesterday, CrowdStrike (CRWD) released an update that began impacting IT systems globally. We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online." Reference Link

12:01 EDT MoneyLion rises 7.5% - MoneyLion is up 7.5%, or $4.80 to $68.56.

12:01 EDT Hawaiian Electric rises 33.1% - Hawaiian Electric is up 33.1%, or $4.22 to $16.97.

12:00 EDT Wipro falls -11.8% - Wipro is down -11.8%, or -81c to $6.08.

11:55 EDT FTC criticizes Microsoft's new Xbox Game Pass Standard tier - In a filing, the Federal Trade Commission sent a letter to the U.S. Court of Appeals for the Ninth Circuit to alert the court that Microsoft's announced price increases increases in the multi-game-subscription and cloud-gaming markets. "Microsoft is raising the price for its "Game Pass Ultimate" product from $16.99/month to $19.99/month-a 17% year-over-year increase," the letter reads. "Additionally, Microsoft is discontinuing its $10.99/month "Console Game Pass" product. Users of that product must pay 81% more to switch to "Game Pass Ultimate." For consumers unwilling to pay 81% more, Microsoft is introducing a degraded product, "Game Pass Standard," at $14.99/month. This product costs 36% more than Console Game Pass, and withholds day-one releases. Product degradation-removing the most valuable games from Microsoft's new service-combined with price increases for existing users, is exactly the sort of consumer harm from the merger the FTC has alleged. Microsoft's price increases and product degradation-combined with Microsoft's reduced investments in output and product quality via employee layoffs, see FTC's February 7, 2024, Letter-are the hallmarks of a firm exercising market power post-merger." "Importantly, Microsoft's actions are inconsistent with Microsoft's representations below," the letter continues. "Microsoft's price increases coincide with adding "Call of Duty" (CoD) to Game Pass's most expensive tier, and discontinuing the Console tier will happen shortly before releasing CoD's newest game. Below, Microsoft promised that "the acquisition would benefit consumers by making available on Microsoft's Game Pass on the day it is released on console (with no price increase for the service based on the acquisition)." ECF_108 at 20. Microsoft's post-merger actions thus vindicate the congressional design of preliminarily halting mergers to fully evaluate their likely competitive effects, and judicial skepticism of promises inconsistent with a firm's economic incentives." Reference Link

10:46 EDT Microsoft says mitigation actions completed for 365 apps - Microsoft said via X, "We've completed our mitigation actions and our telemetry indicates all previously impacted Microsoft 365 apps and services have recovered. We're entering a period of monitoring to ensure impact is fully resolved. For more information, see MO821132 within the admin center."

10:01 EDT Hawaiian Electric rises 35.9% - Hawaiian Electric is up 35.9%, or $4.58 to $17.33.

10:00 EDT AAR Corp. falls -9.4% - AAR Corp. is down -9.4%, or -$6.87 to $66.42.

10:00 EDT Comerica falls -11.9% - Comerica is down -11.9%, or -$6.70 to $49.63.

09:48 EDT Wipro falls -8.0% - Wipro is down -8.0%, or -55c to $6.34.

09:47 EDT Comerica falls -10.2% - Comerica is down -10.2%, or -$5.73 to $50.60.

09:47 EDT MoneyLion rises 11.4% - MoneyLion is up 11.4%, or $7.25 to $71.00.

09:41 EDT California marketplace renews Knightscope contract for sixth year - Knightscope announced that another client that has renewed its contract for the 6th consecutive year. A California operator of flea markets and swap meets renewed its contract to have their K5 Autonomous Security Robot and 2 K1 Hemispheres continue protecting one of its many properties in the San Francisco Bay Area, Knightscope said.

09:32 EDT NaaS Technology trading halted, volatility trading pause

09:29 EDT New Fortress Energy achieves First LNG for Fast LNG asset in Mexico - New Fortress Energy announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico. NFE's proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities. With a production capacity of 1.4 MTPA, or approximately 70 TBtus, FLNG completes the vertical integration of NFE's LNG portfolio and will play a pivotal role in supplying low-cost, clean LNG to the company's downstream terminal customers.

09:16 EDT Electronic Arts releases College Football 25 worldwide - Electronic Arts released College Football 25 worldwide. A total 2.2M unique players played College Football 25 during Early Access, with an additional 600,000 playing via the EA Play trial.

09:15 EDT FedEx experiencing 'substantial' disruptions due to global IT outage - FedEx announced that it has experienced substantial disruptions throughout its networks due to a global IT outage experienced by a third party software vendor. "Contingency plans have been activated to mitigate impacts but potential delays are possible for package deliveries with a delivery commitment of July 19, 2024. FedEx is committed to providing the best service possible." Reference Link

09:12 EDT Google turning off its goo.gl shortener links in 2025 - Google said in a blog post: "In 2018, we announced the deprecation and transition of Google URL Shortener to Firebase Dynamic Links because of the changes we've seen in how people find content on the internet, and the number of new popular URL shortening services that emerged in that time. This meant that we no longer accepted new URLs to shorten but that we would continue serving existing URLs. Today, the time has come to turn off the serving portion of Google URL Shortener. Please read on below to understand more about how this will impact you if you're using Google URL Shortener. Any developers using links built with the Google URL Shortener in the form https://goo.gl/* will be impacted, and these URLs will no longer return a response after August 25th, 2025. Starting August 23, 2024, goo.gl links will start displaying an interstitial page for a percentage of existing links notifying your users that the link will no longer be supported after August 25th, 2025 prior to navigating to the original target page." Reference Link

09:05 EDT Nokia accelerates 2024 buybacks to EUR 600M from EUR 300M - Nokia said it decided to accelerate its share buybacks by increasing the number of shares to be repurchased during the year 2024. The aggregate purchase price of all Nokia shares to be acquired shall not exceed EUR 600M, an increase from the initially announced EUR 300M. As repurchases for an aggregate purchase price of approximately EUR 132M have already been executed in 2024, the aggregate purchase price for shares to be acquired during the remainder of the year is approximately EUR 468M. "The purpose of the repurchases is to optimize Nokia's capital structure through the reduction of capital. The repurchased shares will be cancelled accordingly. The repurchases will be funded using funds in the reserve for invested unrestricted equity and the repurchases will reduce total unrestricted equity," the company said in a statement.

09:04 EDT Altamira Therapeutics announces publication of preclinical data on SOD2 mRNA - Altamira Therapeutics announced the preprint publication of a study demonstrating effective treatment of abdominal aortic aneurysm in an animal model. The study was conducted by a research group from Washington University, St. Louis MO, and the University of South Florida, Tampa FL. It showed that treatment with SOD2 mRNA delivered systemically with peptide-based nanoparticles to AAA mice resulted in a significant reduction in aorta dilation, delayed rupture and a highly significant improvement in survival rates compared to untreated controls. Study shows significant reduction in aorta dilation, delayed rupture and lower mortality in established animal model of abdominal aortic aneurysm. Positive outcomes suggest potential use of treatment in management of small abdominal aortic aneurysm and prevention of ruptures .

09:02 EDT Triumph Group announces new leadership positions - Triumph Group selected Mike Boland, formerly President, Actuation Products and Services, to fill a newly created COO with responsibility for Operations, Quality, Execution Assurance, and the Triumph Operating System. He also assumes responsibility for the Supply Chain function formerly led by Craig Cooper. Natasha Trudeau, previously General Manager, Triumph APS at Yakima, Washington assumed the role of President, Actuation Products and Services.

08:48 EDT 111, Inc. appoints new auditor - 111, Inc. has appointed Grant Thornton Zhitong Certified Public Accountants as the company's independent registered public accounting firm, effective July 19, replacing Deloitte Touche Tohmatsu CPA. The change of the company's independent registered public accounting firm has been approved by 111's board of directors and audit committee. Grant Thornton is engaged to audit and report on the consolidated financial statements of the company for the year ending December 31, 2024 and on the effectiveness of the company's internal control over financial reporting as of December 31, 2024.

08:42 EDT Hafnia tanker involved in collision with very large crude carrier - The Hafnia Nile was involved in a collision with a very large crude carrier, or VLCC, in the South China Sea. The collision caused a fire onboard. Our team is actively coordinating with the Singapore Maritime Rescue Coordination Centre, or MRCC. An appointed salvor has been mobilized to support the ongoing response efforts. All crew members onboard the Hafnia Nile have been safely rescued. Two seafarers have suffered minor injuries, while the remaining crew members are understood to be in good condition. The crew's family has been informed and is regularly updated on the situation. There is no information on pollution. A full investigation will be conducted to determine the root cause of the incident.

08:31 EDT Otis Worldwide confirms appointment of Cristina Mendez as CFO - Otis Worldwide announces the appointment of Cristina Mendez as Executive Vice President & CFO, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 23, Mendez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis.

08:22 EDT Otis Worldwide CFO Anurag Maheshwari to resign, Cristina Mendez succeeds - In a regulatory filing, Otis Worldwide disclosed that Anurag Maheshwari, Executive Vice President and CFO, has provided Otis Worldwide with notice that he will be resigning his position with the company, effective August 23 to pursue external opportunities. Maheshwari's resignation was not a result of any dispute or disagreement with the company. The Board of Directors has appointed Cristina Mendez as the company's Executive Vice President and CFO, effective August 23. Mendez has worked at the company since February 2022 in Switzerland as its Senior Vice President, Finance EMEA & Transformation. Prior to that, Mendez most recently served as Senior Vice President, Director Controlling, Telefonica Deutschland from 2018 to 2022.

08:06 EDT Sierra Bancorp increases quarterly dividend 4% to 24c per share - Sierra Bancorp announced that its board of directors has declared a regular quarterly cash dividend of 24c per share. This represents an increase of 1c per share, or 4%, relative to the dividend paid last quarter. The dividend was approved subsequent to the board's review of the company's financial performance and capital for the quarter ended June 30 and will be paid on August 15 to shareholders of record as of July 31. Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp the company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter.

08:06 EDT Inspire announces CE mark certification under EU MDR for Inspire Therapy - Inspire Medical Systems announced CE mark certification under the European Union's Medical Device Regulation, EU MDR 2017/745, for Inspire therapy. "Inspire has a long history of compliance to the European Union's quality system and CE mark requirements, with uninterrupted CE mark approval since 2010," said Tim Herbert, Chairman and President of Inspire. "The Inspire team has worked diligently with our notified body in Europe to complete the review process, which included obtaining temporary approval through derogation authorization to continue to deliver Inspire product in several countries."

08:02 EDT GE Aerospace to invest $1B in MRO over five years - GE Aerospace announced plans to invest more than $1B over five years in its Maintenance, Repair and Overhaul, or MRO, and component repair facilities worldwide. These investments will help GE Aerospace create capacity to meet growth in both the widebody and narrowbody installed base by adding additional engine test cells and equipment. The funding also will add technology, including enhanced inspection techniques, to reduce turnaround times for customers as well as expand component repair capability within its overhaul shops. The largest portion of the investment will support growing demand for CFM LEAP engines as the fleet continues to mature and expand with more than 3,300 LEAP-powered aircraft in service and more than 10,000 additional engines currently in backlog, increasing the global commercial airline fleet by thousands of planes in the coming years. A major part of the MRO funding this year provides for construction of a new Services Technology Acceleration Center, or STAC, near Cincinnati, Ohio. Opening in September, STAC will help accelerate the deployment of innovative services approaches, including inspection technologies that detect emerging issues sooner and reduce airplane downtime for customers. In total, GE Aerospace regional repair and overhaul facilities across the globe will receive $250M in 2024 of the $1B planned five-year investment to help fund facilities expansion, new machines, tooling, and safety enhancements.

08:01 EDT Siga Technologies announces U.S. government procurement order of $113M - SIGA Technologies announced that the U.S. Department of Health and Human Services exercised a procurement option for the delivery of approximately $113 million of oral TPOXX treatment courses. "Building on the orders received in 2023 from the U.S. government and 15 international customers, this $113 million order from the U.S. government will enhance orthopoxvirus preparedness and support sizable and consistent action when needed to help ensure public health from natural, accidental, or intentional threats," said Diem Nguyen, Chief Executive Officer. "We are pleased to fulfill our responsibility to global health security while generating attractive returns for our company and shareholders."

08:00 EDT Clearmind Medicine signs agreement with JS First - Clearmind Medicine has announced a strategic engagement with JS First. This partnership aims to source global manufacturers and distributors for Clearmind's groundbreaking MEAI-based alcohol substitute beverages, marking a significant step towards international expansion. This move follows Clearmind's recent announcement regarding its entry into the non-alcoholic beverage market with its proprietary, neurologically active novel alcohol replacement beverage, which was granted patents in the U.S., India and Europe.

07:02 EDT Augmedix to be acquired by Commure for $2.35 per share in cash - Augmedix announced that it has entered into a definitive agreement to be acquired by Commure, a leading provider of technology to healthcare systems, in an all-cash transaction that values Augmedix at approximately $139M in equity value. Under the terms of the agreement, Augmedix stockholders will receive $2.35 per share in cash upon completion of the proposed transaction, and Augmedix will become a wholly-owned subsidiary of Commure. The purchase price represents a premium of approximately 169% over the volume weighted average price of Augmedix's common stock for the 30 days ending July 18, 2024. Augmedix's Board of Directors unanimously approved the transaction. The closing of the transaction is expected in late Q3 or early Q4, subject to approval by Augmedix stockholders and the satisfaction of other customary closing conditions. Upon completion of the transaction, Augmedix's common stock will no longer be publicly listed, and Augmedix will become a privately held company. The transaction is expected to be funded from Commure's cash on hand and available liquidity.

07:01 EDT Bristol Myers' Opdivo combination in carcinoma receives EMA validation - Bristol Myers announced that the European Medicines Agency, or EMA, validated its Type II variation application for Opdivo plus Yervoy as a potential first-line treatment option for adult patients with unresectable or advanced hepatocellular carcinoma - HCC - who have not received prior systemic therapy. The application was based on results from the Phase 3 CheckMate -9DW trial and validation of the application confirms the submission is complete and begins the EMA's centralized procedure review. In the Phase 3 trial, Opdivo plus Yervoy demonstrated statistically significant and clinically meaningful improvement in overall survival vs. investigator's choice of lenvatinib or sorafenib, which showed the clinical benefit of the combination treatment option when provided in the first-line setting. The safety profile for the combination of Opdivo plus Yervoy remained consistent with previously reported data.

06:59 EDT Travelers reports Q2 consolidated combined ratio up 6.3 points to 100.2% - Book value per share of $109.08, up 14% over June 30, 2023; adjusted book value per share of $126.52, up 10% over June 30, 2023.

06:31 EDT Comerica sees Q3 NII down 2%-3% vs. Q2 - Sees Q3 noninterest income down 3%-4% vs. Q2, with noninterest expense up 3%-4%.

06:31 EDT GSK reports EMA accepts marketing authoriaation application for Blenrep combos - GSK plc announced that the European Medicines Agency has accepted the marketing authoriaation application, or MAA, for Blenrep, or belantamab mafodotin, in combination with bortezomib plus dexamethasone, or BorDex, or pomalidomide plus dexamethasone, or PomDex, as a treatment for relapsed or refractory multiple myeloma. The EMA's Committee for Medicinal Products for Human Use will begin the formal review process to make a recommendation to the European Commission regarding this potential authorisation. Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: "Today's milestone reinforces the potential for Blenrep to redefine outcomes for patients with multiple myeloma at or after first relapse. We are working to bring Blenrep to patients as quickly as possible given the high unmet need and the clinically robust effects of the Blenrep combinations in the DREAMM-7 and DREAMM-8 phase III head-to-head trials."

06:13 EDT Verisk Analytics estimates U.S. industry insured losses for Hurricane Beryl - Verisk estimates industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2B to $3B. Widespread and prolonged power outages in Texas are likely to be a legacy of Beryl's arrival in the state. At peak, nearly 3 million households lost power in Texas from Beryl, with more than 2.2 million in Harris County alone.

06:02 EDT Comstock Mining terminates equity purchase agreement with new $2.5M investment - Comstock has retired its existing Equity Purchase Agreement and entered into a securities purchase agreement with an investor for an 8.0% Convertible Promissory Note due October 31, 2025. The Convertible Note was issued with an original aggregate principal amount of $2,717,500, purchased by the investor for $2.5M, reflecting an 8% original issue discount. A portion of the proceeds will be used to redeem $500K of existing convertible debt, reducing the Company's outstanding obligations. The Convertible Note accrues interest at annual rate of 8% and is redeemable for cash 30 days after closing at 125% of the principal amount plus accrued interest. Comstock Metals is currently operating its first commercial demonstration facility in Silver Springs, NV, and has begun preliminary design and engineering for its next 3 industry scale facilities and related storage sites.

05:52 EDT Crowdstrike CEO: 'This is not a security incident or cyberattack' - George Kurtz, the CEO of CrowdStrike, said via X, the platform formerly known as Twitter, "CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We refer customers to the support portal for the latest updates and will continue to provide complete and continuous updates on our website. We further recommend organizations ensure they're communicating with CrowdStrike representatives through official channels. Our team is fully mobilized to ensure the security and stability of CrowdStrike customers." Reference Link

05:49 EDT American Airlines 'aware of issue' impacting multiple carriers - American Airlines said via X, the platform formerly known as Twitter, that it is "aware of a technology issue with a vendor that is impacting multiple carriers. American is working with the vendor to resolve the issue as quickly as possible. We apologize to our customers for the inconvenience." Reference Link

05:36 EDT Microsoft seeing improvement in service availability across 375 apps, services - In an update on its Microsoft 365 Admin Center, the company said "We're continuing to see an improvement in service availability across multiple Microsoft 365 apps and services. We're closely monitoring our telemetry data to ensure this upward trend continues as our mitigation actions continue to progress." Reference Link

05:14 EDT Rocket Lab moves next Electron launch to later date - Rocket Lab announced that Rocket Lab's next Electron launch will move to a later date at the request of mission partner Capella Space so that they can complete additional testing for their mission. The company will be moving to its next mission in the manifest with Synspective, now flying next on Electron within the next few weeks.

05:06 EDT Rio Tinto ships 4B tons of iron ore to China - Rio Tinto announced the shipment of 4B tons of iron ore from the Pilbara in Western Australia to China. The shipment was loaded at Dampier Port on July 19, bound for China Baowu Steel Group. This milestone comes 51 years after the first shipment of almost 22,000 tons of Pilbara iron ore was sent from Dampier Port to China's Shanghai No.1 Steel Mill, which has since become part of China Baowu. Over more than half a century, China has grown to become Rio Tinto's largest customer with about 250 million tons of iron ore shipped each year.