Author: Multibagger News

Breaking News: Avis Data Breach Exposes Hundreds of Thousands to Cyberattack In a shocking turn of events, car rental giant Avis has revealed that personal information and driver’s license numbers of hundreds of thousands of people were stolen in a recent cyberattack. The New Jersey-based company detected intruders in one of its business applications on August 5, taking immediate action to stop the unauthorized access that had started two days prior. Although details of the cyberattack remain scarce, Avis disclosed in data breach notices filed with various U.S. attorneys general that the stolen data includes customer names, addresses, phone numbers,…

New York, NY, USA, September 9th, 2024, Chainwire: Cork Protocol, a revolutionary DeFi platform, has received investments from OrangeDAO, a16z CSX, Ideo Ventures, Steakhouse Financial, Outliers Fund, and Unbounded Capital, among others, to propel its mainnet launch. The platform aims to introduce Depeg Swaps, a new financial primitive that will revolutionize risk pricing in the crypto market. Competitive market risk pricing is the missing piece in the emergent crypto financial system, especially for assets like stablecoins and liquid staking tokens. Cork Protocol’s innovative solution will enable users to hedge against temporary depegs and price risk in real-time, offering stability and…

Leerink Partners Initiates Coverage on MannKind Corporation (MNKD) with Outperform Rating and $8 Price Target Leerink Partners has recently started covering MannKind Corporation (NASDAQ: MNKD) and has given it an Outperform rating along with a price target of $8.00. The firm sees various avenues for potential value creation beyond the company’s current business and strong royalty stream. MannKind, known for its expertise in developing inhaled therapies, benefits from a 9% royalty on net sales from Tyvaso DPI, a product developed in partnership with United Therapeutics (NASDAQ:). This product is expected to exceed $1 billion in annual sales by the second…

European Bourses Rebound: Anticipated ECB Rate Cut Sparks Market Optimism By Pranav Kashyap and Lisa Pauline Mattackal (Multibagger) – European stock markets experienced a notable rise on Monday, recovering from last week’s significant declines as investors focused on the expected interest rate cut from the European Central Bank (ECB) set for Thursday. Market Performance Overview The pan-European index closed up 0.8%, bouncing back after a 3.5% decline in the previous week, the steepest drop since March 2023. Investors had sought safer assets amid concerns over a potential global growth slowdown. Major regional bourses, including those in France, saw gains ranging…

By Nikhil Sharma Canada’s main stock index rose over 1% on Monday in a broader rally led by technology and healthcare stocks, as investors looked forward to the U.S. Federal Reserve initiating a rate cut cycle in September. At 10:11 a.m. ET (14:11 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 271.77 points, or 1.19%, at 23,053.2 and was set to rebound after it fell to a more than three-week low on Friday. All major sectors on TSX logged gains led by the information technology sector that rose 2.1%, supported by Celestica (NYSE:) rallying 6.4%, and healthcare sector…

Key Moment in U.S. Presidential Race: Citi Analysts Highlight Importance of September 10 Debate for Kamala Harris In a note from Citi analysts on Monday, it was emphasized that the upcoming September 10 debate will be a crucial moment in the U.S. presidential race, especially for Vice President Kamala Harris. Recent polls have shown a highly competitive election, making the debate essential in shaping voter opinion. The latest polls from New York Times/Siena and CNN swing state polls indicate that the election is still considered a “toss-up.” While Harris holds a narrow lead nationally, her margin may not be enough…

Finally Raises $50M in Series B Funding and Secures $150M Credit Line – TechCrunch Report Miami-based startup Finally, focused on SMB bookkeeping, accounting, and finance, has raised $50 million in a Series B round of funding and secured a $150 million credit line. This comes just seven months after the company’s $10 million funding announcement, bringing their total raised to $305 million in debt and equity since 2018. Founded by Felix Rodriguez, Finally aims to level the playing field for small businesses in managing their finances. With AI-powered bookkeeping, accounting services, and a corporate card, Finally offers a multi-product platform…

Singapore, Singapore, September 9th, 2024, Chainwire ZKCandy has officially launched the ZKcandy Voyage public testnet, marking a significant milestone in the world of gaming ecosystems. This testnet utilizes cutting-edge zero-knowledge proof technology powered by ZKsync, offering a fast, low gas fee experience for gamers. The ZKcandy team received tremendous community support during the closed testnet campaign, with over 16,830 users signing up within 24 hours of the announcement. This overwhelming response showcases the excitement and anticipation surrounding this innovative gaming platform. ZKcandy is one of the pioneering ZK Chains within the Elastic Chain ecosystem, built on ZK Stack to enhance…

Are you ready for the latest investment opportunity that could potentially boost your portfolio? Methanex Corporation (NASDAQ:MEOH) has just announced its acquisition of OCI’s methanol business, valued at a whopping $2.05 billion. This strategic move is expected to increase Methanex’s global production capacity by at least 20%. But that’s not all – the deal includes a cash payment of $1.15 billion, issuance of around 9.9 million shares estimated at $45 per share (totaling $450 million), and the assumption of $450 million in debt and leases. After the completion of the transaction, Methanex will have approximately 77 million shares outstanding, with…

Starboard Value Challenges Rupert Murdoch’s Control Over News Corp: A Game-Changer for Investors? Starboard Value Pushes to Abolish Dual-Class Share Structure, Targeting Rupert Murdoch’s Grip on News Corp (Multibagger) – Leading hedge fund Starboard Value announced on Monday that it has officially filed a shareholder resolution aimed at dismantling the dual-class share structure that currently allows Rupert Murdoch to exert significant control over News Corp (NASDAQ: NWSA), the parent company of The Wall Street Journal. Why This Matters Starboard’s move comes hot on the heels of an exclusive Multibagger report that first revealed the hedge fund’s intentions. Under the current…