Author: Multibagger News

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Capricor Therapeutics Outlook Boosted by European Commercialization Agreement On Tuesday, Oppenheimer raised its price target for Capricor Therapeutics (NASDAQ: CAPR) to $15.00, up from $14.00, while maintaining an Outperform rating. This adjustment follows the announcement of a binding agreement with Nippon Shinyaku for the European commercialization of deramiocel, Capricor’s leading candidate for Duchenne muscular dystrophy. The partnership with Nippon Shinyaku, already Capricor’s partner in the U.S. and Japan, expands the company’s reach into a major pharmaceutical market and demonstrates confidence in deramiocel’s regulatory prospects. The deal is expected to extend Capricor’s cash runway into 2026. As Capricor gears up for…

Breaking News: U.S. Stocks Unchanged as Retail Sales Beat Expectations Ahead of Fed Meeting – Intel Rallies, Crude Prices Higher In a surprising turn of events, U.S. stocks closed almost flat on Tuesday despite a stronger-than-expected retail sales report, easing concerns of an impending economic slowdown just before the Federal Reserve’s crucial policy-setting meeting. The Dow Jones Industrial Average and the S&P 500 ended the day unchanged, while the Nasdaq Composite rose by 0.2%. The unexpected rise in retail sales for August, which came in at 0.1% compared to an anticipated 0.2% decrease, provided a much-needed boost to investor confidence.…

Elliott Investment Management Pushes for Leadership Overhaul at Southwest Airlines: What You Need to Know By Allison Lampert, Rajesh Kumar Singh, and Svea Herbst-Bayliss CHICAGO (Multibagger) – In a bold move to revamp the leadership at Southwest Airlines (NYSE:), activist investor Elliott Investment Management has communicated to one of the airline’s top unions its intention to replace CEO Robert Jordan, despite recent pledges from the airline to overhaul its board. This development, stemming from a union memo seen by Multibagger, underscores Elliott’s significant influence and ongoing efforts to reshape the airline’s executive suite. Elliott’s Vision for Southwest Airlines Elliott, which…

“Breaking News: Epic Games Store Now Available on iPad in EU After DMA Update | Epic Games Makes Strategic Move in EU Market | Get Your Favorite Games on iPad Now!” In a groundbreaking development, Epic Games has announced that the Epic Games Store can now be installed on iPadOS for users in EU countries. This move comes just a day after the EU’s Digital Markets Act (DMA) designated iPadOS as a regulated platform, allowing for the installation of third-party app stores. Apple had six months to update iPadOS to comply with the DMA requirements, and the release of iPadOS…

Unveiling Structure Therapeutics Inc.’s Leadership Revamp for GSBR-1290 Phase 2b Trials Structure Therapeutics Inc. (NASDAQ: GPCR), a leading biopharmaceutical company focusing on oral small molecule therapies, has announced significant changes to its leadership team. These changes are geared towards enhancing its clinical development as it gears up to progress its key therapeutic candidate, GSBR-1290, into Phase 2b trials for obesity. Blai Coll, M.D., Ph.D., has been appointed as the new Chief Medical Officer, taking over from Mark Bach, M.D., Ph.D. Dr. Coll, who previously served as Vice President of Clinical Development, has been instrumental in leading the GSBR-1290 program. His…

Title: Federal Reserve Rate Cut Decision Impact on Gold and Precious Metals Market Forecast by HSBC Analysts Investing.com — HSBC analysts predict a potential shift in sentiment towards a 50 basis point rate cut by the Federal Open Market Committee (FOMC) this week, rather than the expected 25 basis points (bps), which could have a bullish effect on gold and other precious metals in the short term. Despite this, HSBC’s economists maintain their outlook for a total of 25 basis point rate cuts this year. The FOMC will also update its projections for real GDP growth, unemployment, inflation, and policy…

Insider Confidence Soars: Prospect Capital’s COO Increases Stake Amid Robust Earnings and Strategic Shifts In a notable display of confidence, M. Grier Eliasek, the Chief Operating Officer of Prospect Capital Corp (NASDAQ:PSEC), has significantly increased his stake in the company. On September 13, Eliasek acquired 5,000 additional shares of common stock at $5.44 per share, totaling $27,200. This transaction elevates his overall holdings to 1,661,130.422 shares, underscoring his steadfast belief in the company’s future. Key Insights from Eliasek’s Recent Purchase Insider buying is often scrutinized by investors as it can signal executives’ confidence in their company’s prospects. Eliasek’s purchase suggests…

Investment Expert Reveals: Canadian Prime Minister Trudeau’s Leadership in Doubt After Second Election Loss By David Ljunggren OTTAWA (Multibagger) – Doubts about Canadian Prime Minister Justin Trudeau’s leadership have reached new heights with the ruling Liberal Party suffering another loss in a special election. Despite this, Trudeau remains steadfast in his determination to hold onto power as a national vote approaches. The Liberals, who have been in power for nearly a decade, faced a narrow defeat in a traditionally safe seat in Montreal, following a loss in Toronto in June. This string of losses has raised concerns about the party’s…

Snapchat Unveils New AI Features at Snap Partner Summit: What This Means for Investors and Users Snapchat, the popular social media app, made a big announcement at its annual Snap Partner Summit on Tuesday. The company revealed a series of new AI features that are set to revolutionize the way users interact with the app. One of the most exciting updates is the enhancement of the app’s My AI chatbot, which will now function more like Google Lens. With this update, users can snap a picture of a menu in a foreign language and send it to My AI to…