Author: Multibagger News

Travere Therapeutics (NASDAQ:TVTX) Receives FDA Approval for Filspari, Canaccord Genuity Raises Price Target to $23.00 Canaccord Genuity has updated its outlook on Travere Therapeutics, raising the price target to $23.00 from $18.00 with a Buy rating after the FDA granted full approval for Filspari, a drug used in treating IgA Nephropathy (IgAN). The drug’s indication has expanded to include all IgAN patients at risk for disease progression, leading to increased market potential. The Kidney Disease: Improving Global Outcomes (KDIGO) Draft Guidelines have recognized Filspari as a foundational treatment, further boosting its prospects. Canaccord Genuity has adjusted its model to reflect…

Taiwan Semiconductor Manufacturing Co. (TSMC) Reports Robust 33% YoY Revenue Growth in August Despite Slight Monthly Dip Taiwan Semiconductor Manufacturing Co. (TSMC) unveiled its August revenue figures on Tuesday, showcasing a remarkable 33% year-over-year increase, although experiencing a minor 2.4% decline compared to July. Stellar Year-Over-Year Growth Amid Minor Monthly Fluctuations According to TSMC, the consolidated revenue for August 2024 stood at approximately NT$250.87 billion. This is a slight dip from July’s NT$256.95 billion but a significant leap from NT$188.69 billion in August 2023. Over the first eight months of 2024, TSMC has accumulated a total revenue of NT$1,773.97 billion,…

Title: Ukrainian Official Calls for Permission to Use Western Weapons Against Russia Amid Missile Supply Concerns As the Ukrainian president’s chief of staff, Andriy Yermak, calls for permission to strike deep into Russia using Western weapons, concerns rise over Iran’s supply of ballistic missiles to Moscow. The United States is set to announce new sanctions on Iran for this action, with Secretary of State Antony Blinken warning of potential missile use in the ongoing conflict in Ukraine. Analysis: The call for permission to use Western weapons against Russia highlights the escalating tensions in the region. The supply of ballistic missiles…

Are you ready to revolutionize the way developers set up infrastructure for their applications? StackGen, formerly known as AppCD, has closed a $12.3 million seed round to make this dream a reality. This innovative startup uses a groundbreaking approach called infrastructure-from-code to analyze source code and automatically generate Terraform or Helm charts, ensuring compliance with various standards like SOC2 and HIPAA. But that’s not all – StackGen also provides a visual representation of the infrastructure and allows users to customize resources with a drag-and-drop interface. Currently supporting AWS and Azure, StackGen has plans to expand to Google Cloud in the…

Zapp Electric Vehicles Group Limited’s i300 Electric Urban Motorcycle Receives Homologation in Thailand, Opening Doors to Southeast Asian Market As the world’s best investment manager and financial market journalist, I’m thrilled to share the exciting news about Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) successfully homologating its i300 electric urban motorcycle in Thailand. This regulatory milestone is a game-changer, allowing Zapp to kickstart customer deliveries in Thailand and make its mark in the Southeast Asian market. Zapp’s i300 is tailored for urban mobility, offering top-notch performance in a sleek step-through design that blends scooter convenience with motorcycle thrill. The company’s innovative…

HOUSTON (Multibagger) – Energy pipeline operator Enbridge (NYSE:) has pulled employees from several offshore U.S. Gulf of Mexico platforms, the company told customers, as Tropical Storm Francine advanced toward a landfall in Louisiana. Francine has shut in oil and gas production at offshore platforms operated by Chevron (NYSE:), Exxon Mobil (NYSE:) and Shell (LON:). The first official measure of the storm’s impact on U.S. energy production will be released later on Tuesday by U.S. regulator the Bureau of Safety and Environmental Enforcement. Enbridge, which manages an extensive network of offshore pipelines funneling oil and gas to onshore plants, evacuated staff…

Saudi Arabia Stocks Close Higher: Key Performers and Market Analysis Investing Insights: Saudi Stocks Surge on Tuesday’s Close, Insurance Sector Leads the Charge Key Market Movers: Saudi Enaya Cooperative Insurance (TADAWUL): Soars 9.94% to 17.92 Amana Cooperative Insurance Co (TADAWUL): Jumps 9.85% to 13.16 Saudi Industrial Development Co. (TADAWUL): Gains 5.96% to 9.60 Underperformers: Tourism Enterprise Co. (TADAWUL): Drops 4.21% to 0.91 Saudi Fisheries Co. (TADAWUL): Declines 4.14% to 26.60 Miahona Holding SCJSC (TADAWUL): Slips 4.00% to 30.00 Market Overview: At the close of trading on Tuesday, Saudi Arabia’s stock market experienced a modest uptick, with the main index rising…

Breaking News: Trump vs. Harris Debate – What You Need to Know for Your Investments As the world’s best investment manager and financial market journalist, I bring you exclusive insights into the upcoming debate between President Trump and Vice President Kamala Harris. This highly anticipated event could have significant implications for the financial markets, so stay tuned for my expert analysis. In this crucial face-off, Trump has already launched a series of controversial attacks against Harris, which could impact key voter groups and ultimately sway the outcome of the election. As a seasoned expert in presidential politics, I will break…

KULR Technology Group Secures Contract for South Korea’s Nara Space Mission: A Game-Changer in the Aerospace Industry KULR Technology Group, Inc. (NYSE American: KULR), a leader in energy management solutions, has landed a groundbreaking deal to supply battery systems for South Korea’s Nara Space CubeSat mission, part of the Artemis II project. The initial contract, valued at nearly $1 million, has the potential to increase to $1.5 million with additional options. This collaboration with the Korea Astronomy and Space Science Institute (KASI) and NASA showcases KULR’s expertise in providing 20793-rated battery systems tailored for space applications. The key highlight of…

Academy Sports & Outdoors Q2 Earnings: Slight Beat on EPS, Revenue Misses, and Full-Year Guidance Downgrade KATY, Texas – Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has recently reported its second-quarter earnings, presenting a mixed bag of results that reflect the current challenging economic landscape. While the company managed to edge past earnings expectations, revenue fell short, prompting a downward revision of its full-year guidance. Key Highlights: Earnings: Academy Sports reported an adjusted earnings per share (EPS) of $2.03, marginally surpassing the analyst consensus of $2.02. Revenue: Revenue for the quarter declined by 2.2% year-over-year to $1.55 billion, falling short of…