Author: Multibagger News

Cosmos Health Inc. Signs Major CBD Manufacturing Deal with Humacology Cosmos Health Inc. (NASDAQ:COSM) has announced a groundbreaking contract manufacturing agreement with Australia’s Humacology, a leading provider of CBD therapies. Under this deal, Cana Laboratories, a subsidiary of Cosmos Health, will produce up to 500,000 units of Humacology’s CBD products. This marks the second significant contract for Cosmos Health in recent times, following their partnership with Provident Pharmaceuticals to manufacture 4.32 million units of DE3-SOLE, a vitamin D absorption aid. Humacology, known for its innovative CBD products and recent Cannabiz Award for Innovation, is thrilled about the collaboration with Cana…

Breaking News: Ford Scales Down EV Battery Plant Incentives Amid Adjusted Production Plans By Nora Eckert DETROIT (Multibagger) – Ford Motor Company (NYSE: F) has announced a reduction in the incentive package from Michigan for its electric vehicle (EV) battery plant in Marshall. This development follows the automaker’s decision to scale back expected production at the facility to align with the current demand for EVs. Key Updates: Incentive Package Reduction: The Michigan Strategic Fund has revised the maximum incentive package for Ford’s battery plant to $409 million, a significant drop from the earlier $1.03 billion. Production Adjustment: Initially, Ford planned…

Brazil Senate President Rodrigo Pacheco proposes bill to reduce state debt charges – Multibagger In a groundbreaking move, Brazil Senate President Rodrigo Pacheco presented a bill that could slash interest charges on state debt payments to the federal government. If approved by Congress, these charges would only reflect inflation, with payments spread out over 30 years. This could have a massive impact on Brazil’s economy, as state debts currently exceed 700 billion reais ($129.17 billion) and are subject to inflation plus 4% annually. Pacheco’s proposal includes a provision where a portion of the debt charges could be forgiven if states…

NATO Orders $700 Million Worth of Stinger Missiles, Boosting Defense Industry – Analysis & Breakdown In a major development, NATO has placed an order for Stinger anti-aircraft missiles worth nearly $700 million in the name of several member states, as announced by the alliance’s Secretary-General Jens Stoltenberg during a gathering of defense industry leaders at the NATO summit in Washington. This significant procurement highlights the commitment of NATO member states to enhancing their defense capabilities and maintaining security in the region. The order for Stinger missiles is a strategic move to bolster air defense systems and strengthen deterrence against potential…

Breaking News: DeFi.Gold Launches Memecoins Flurbo and Schmeckle, Revolutionizing Crypto Space | Chainwire Georgetown, Cayman Islands, July 9th, 2024, Chainwire The world-renowned investment manager, DeFi.Gold, is excited to introduce the launch of two groundbreaking memecoins, Flurbo and Schmeckle, in collaboration with DeFi.Gold. These projects are set to disrupt the crypto space with their innovative approach to Runes tokens. Flurbo and Schmeckle will soon become the top choices for a cutting-edge Web3 game developed by DeFi.Gold’s esteemed seed investors, utilizing both the Bitcoin and Telegram Open Network blockchains. Schmeckle is scheduled to launch on Magic Eden on July 19, 2024, while…

PHI Group Inc. Enters Historic Agreement to Establish International Financial Center in Vietnam In a groundbreaking move, PHI Group Inc. has finalized a consultancy agreement with Dr. D’Orleans de France Benedict Carl William to develop an Integrated Asian Diamond Exchange and International Financial Center in Ho Chi Minh City. The agreement, disclosed in an 8-K filing with the SEC, outlines a comprehensive plan that includes legal and regulatory framework development, infrastructure planning, and risk management. Dr. William, a renowned expert in the field, has been leading the project since 2018 and will now extend his expertise to establish the International…

U.S. Stocks Edge Higher Amid Powell’s Testimony and Anticipation of September Rate Cut Key Highlights: Federal Reserve Chief Jerome Powell’s Testimony: Labor market cooling, hints at possible rate cuts. Stock Performance: Dow Jones, S&P 500, and Nasdaq Composite see modest gains. Upcoming Inflation Data: Thursday’s report crucial for rate decisions. Earnings Season Kickoff: Major banks like JPMorgan, Wells Fargo, and Citigroup to report this week. Tech Stock Surge: Nvidia and Tesla receive favorable Wall Street ratings. — Market Recap: Fed’s Powell Hints at Rate Cut, Stocks Inch Up As the world’s premier investment manager and financial markets journalist, I bring…

In a recent statement, Federal Reserve Chair Jerome Powell emphasized that the labor market is currently not a significant source of inflationary pressures for the economy. Powell reiterated the need for more positive inflation data before considering any policy changes. He also mentioned that unexpected weakness in the labor market could prompt a policy loosening. When asked about the timing of rate changes, Powell avoided giving any signals and emphasized that it depends on the data. He highlighted the importance of restoring price stability for the younger generation and mentioned that commercial real estate risks will persist for years, posing…

C3.ai (NYSE: AI) Holds Firm with $30 Price Target: What Investors Need to Know Canaccord Genuity has maintained a Hold rating on C3.ai (NYSE: AI) with a price target of $30.00, emphasizing the company’s focus on market opportunity over immediate cost-cutting measures. With a robust balance sheet boasting $750 million in net cash, C3.ai’s financial position appears strong. Despite this, bearish investors remain skeptical about the company’s core profitability, with potential evidence not expected until fiscal year 2026. The stock is currently valued at around 9 times its projected calendar year 2025 sales, based on growth rates in the low…

As the world’s best investment manager, I am here to provide you with the most up-to-date information on the 2024 hurricane season forecast. According to Colorado State University (CSU) weather forecasters, the number of hurricanes expected this year has been increased in the latest July update. The forecast predicts a hyperactive season with the recent occurrence of Hurricane Beryl, a deep tropical category 5 hurricane. This devastating storm has already caused at least 14 deaths and significant damage in various regions. CSU meteorologists now expect a total of 12 hurricanes, with six of them being major hurricanes with wind speeds…