(Reuters) – Self-driving technology firm Aurora Innovation said on Tuesday it plans to sell $600 million worth of class A common stock in a private placement, sending the company’s shares down more than 10% in after-market trading. The company also commenced an underwritten public offering of up to $200 million of its Class A common…
By Lisa Baertlein LOS ANGELES (Reuters) – Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world’s largest warehouse landlord told Reuters on Tuesday. Lease prices have proven far more resilient than air, ship, truck and train transportation rates which have dropped sharply due to…
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council held its first meeting on artificial intelligence on Tuesday where China said the technology should not become a “runaway horse” and the United States warned against its use to censor or repress people. Britain’s Foreign Secretary James Cleverly, who chaired the meeting under…
(Reuters) – U.S. cannabis producer Green Thumb Industries Inc said on Tuesday an employee had died of natural causes at its Rock Island, Illinois facility last Friday. The Teamsters Union earlier on Tuesday urged Green Thumb to address workers’ safety concerns following news about the death. “To the best of our knowledge, this tragic death…
By Michelle Nichols UNITED NATIONS (Reuters) -There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. The Black Sea deal was brokered by the U.N….
By Daniel Wiessner (Reuters) – Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk’s acquisition of the social media company. The proposed class action filed in Delaware…
(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending. Shares of the company fell about 1% at $187 after the bell. Trucking and logistic firms, in the last few quarters, have struggled with weak…
The surge of potential short squeeze plays has gained momentum in 2021 and continued throughout 2022, captivating the attention of new traders in search of lucrative opportunities. Certain characteristics, such as high short interest and steep borrowing costs, have emerged as common indicators that could trigger a short squeeze. Let’s take a closer look at…
ProMIS Neurosciences Inc. (NASDAQ: PMN) witnessed a significant surge in its share value on Monday, following a compelling presentation of preclinical data at AAIC 2023. The data showcased the promising therapeutic potential of their leading candidate, PMN310, for Alzheimer’s disease (AD), along with groundbreaking research on a computationally-derived AD vaccine. The findings revealed that PMN310…
By Timothy Gardner (Reuters) -Mountain Valley Pipeline LLC asked the U.S. Supreme Court in a filing on Friday to vacate stays imposed by a federal court halting construction of a portion of its West Virginia-to-Virginia natural gas pipeline. On July 10, an appellate court in Virginia halted construction of the last short section of the…
