Author: Multibagger News

Breaking News: North Korea Fires Missile, Heightening Tensions in Asia In a significant escalation of tensions, North Korea fired a ballistic missile towards its east coast, alarming neighboring countries like South Korea and Japan. This provocative move comes just days after North Korea unveiled a new uranium enrichment facility and vowed to strengthen its nuclear arsenal. According to Japan’s Defence Ministry, the missile launch was confirmed, and Japan’s coast guard reported that the projectile had already landed. South Korea’s military, as reported by Yonhap news agency, stated that the missile was launched from the east coast. Shortly after the initial…

Title: JPMorgan Chase in Talks to Take Over Apple Card Business from Goldman Sachs In a recent development, JPMorgan Chase is in discussions to acquire the Apple Card business from Goldman Sachs, as reported by the Wall Street Journal. This potential takeover comes as Goldman Sachs looks to divest from its consumer banking ventures, including the $17 billion Apple Card program, in order to focus on its core business. Goldman and Apple have reportedly explored various options for a new credit card backer, with JPMorgan emerging as a frontrunner. However, negotiations have been complicated by the Apple Card’s high loss…

Y-mAbs Therapeutics Signs Lease Agreement for New Corporate Headquarters in Princeton, New Jersey Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB), a leading pharmaceutical company, recently announced its new corporate headquarters in Princeton, New Jersey. The lease agreement, signed on September 11, 2024, secures approximately 10,817 square feet of space at 202 Carnegie Center. The company is set to move to the new premises in the first half of 2025 after the completion of the space’s fitout. The initial lease term spans 10 years and nine months, with two options for extensions of five years each. During the fitout process, Y-mAbs will occupy around…

Marvell Technology’s Executive Sells $443,220 in Stock: What It Means for Investors Marvell Technology (NASDAQ: MRVL) recently witnessed a notable insider transaction. Chris Koopmans, the Executive Vice President and Chief Operations Officer, sold 6,000 shares of the company’s stock on September 16, 2024. Priced at $73.87 per share, the total sale amounted to $443,220. Key Insights from the Insider Sale Koopmans executed the sale under a 10b5-1 trading plan, which was set up on June 17, 2024. This pre-arranged plan allows insiders to sell shares at predetermined times, ensuring transparency and mitigating any accusations of insider trading. Such moves are…

NASA Boosts Moon Mission Communications with Intuitive Machines Contract NASA is investing in continuous lunar communications by awarding Intuitive Machines a contract to build a satellite constellation for future missions on the Moon. The potential value of the Lunar Relay contract is $4.82 billion, with a guaranteed $150 million over five years. This infrastructure will not only benefit NASA but also private companies like Intuitive Machines, which has seen a 130% increase in revenue year-over-year. Analysis: – NASA is working towards establishing a permanent human presence on the Moon – Intuitive Machines has been awarded a contract to build a…

Theratechnologies Faces Potential Supply Disruption of EGRIFTA SV® in Early 2025 As the world’s best investment manager and financial market journalist, I am here to bring you the latest news on Theratechnologies Inc. (NASDAQ: TH) (TSX: TH) (NASDAQ: THTX). The biopharmaceutical company has announced a potential temporary supply disruption of its product EGRIFTA SV® in early 2025. This disruption is a result of an unexpected shutdown of their contract manufacturer’s facility after an FDA inspection. However, the company is working diligently to resume production and assures that patient impact will be avoided. The shutdown, not related to the drug’s manufacturing…

WEX Inc. CFO Jagtar Narula Sells $101,600 in Company Stock: What This Means for Investors In a significant transaction reported on September 13, WEX Inc. (NYSE: WEX) Chief Financial Officer Jagtar Narula sold 508 shares of the company’s common stock. The shares were sold at $200 each, totaling a value of $101,600. This sale was executed under a pre-established trading plan adopted by Narula on November 14, 2023. Such plans allow insiders to sell shares at predetermined times or prices, offering a systematic approach to stock transactions. Post this sale, Narula’s direct holdings in WEX Inc. now stand at 7,120…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind In a recent statement, Republican vice presidential candidate JD Vance made alarming comments about Vice President Kamala Harris, suggesting that no one has attempted to assassinate her while two attempts have been made against former President Donald Trump. This dangerous rhetoric has raised concerns about the safety of Vice President Harris and the impact of political discourse on public safety. Vance’s remarks come in the midst of escalating attacks on Harris and Democrats by Trump and Vance, following the foiled assassination attempt against Trump. White House press secretary…

As the World’s Best Investment Manager, here’s why United Airlines partnering with SpaceX for free Wi-Fi is a game-changer. Late last week, United Airlines made a groundbreaking announcement – they signed a deal with Elon Musk’s SpaceX to bring free Starlink internet service to all their planes. This move will revolutionize the in-flight Wi-Fi experience for passengers. To understand the significance of this partnership, we spoke with United’s Chief Customer Officer, Linda Jojo. Currently, United uses four different Wi-Fi providers, each with its own limitations. Customers often face inconsistencies in Wi-Fi quality across flights. United’s competitors, like Delta Air Lines,…

Aspen Technology, Inc. (AZPN) Investor Day 2024: Strategic Priorities and Financial Expectations Revealed Aspen Technology, Inc., a leading industrial software provider, shared its strategic priorities and financial outlook during its 2024 Investor Day. The company reaffirmed its fiscal 2025 financial guidance, projecting high-single to double-digit growth in Annual Contract Value (ACV) and an ACV margin of 45-47%. CEO Antonio Pietri highlighted AspenTech’s dedication to innovation and customer support amid the global shift towards new energy systems. The partnership with Emerson was emphasized as a key driver for expanding cross-sell opportunities and diversifying industry reach. CFO David Baker expressed confidence in…