Author: Multibagger News

Breaking News: Armenia’s Nuclear Power Plant Shutdown Due to Lightning Strike In a shocking turn of events, Armenia’s single nuclear power plant was forced to shut down after being struck by lightning, as reported by Interfax news agency. The incident occurred at 9:55 p.m. (1755 GMT) on Friday, causing the plant to disconnect from the grid, according to local authorities. Located approximately 25 km (15 miles) outside the capital Yerevan, the plant is under the supervision of the Armenian government. The ministry of territorial administration and infrastructure stated that the lightning strike triggered the station’s safety systems, leading to a…

TOKYO (Multibagger) – At least six people were dead as Typhoon Shanshan crept eastward through Japan on Saturday, drenching large areas with torrential rain, triggering landslide and flood warnings hundreds of kilometres from the storm’s centre. Footage on national broadcaster NHK showed homes with roofs partly sheered off while cars drove wheels-deep on flooded roads in the country’s southwest. The storm made landfall in Kyushu on Thursday, bringing record levels of rainfall. One person was missing and more than 100 have been injured, said Japan’s Fire and Disaster Management Agency. More than 35,000 homes were without power in southern Kyushu’s…

Investment Manager Reveals Shocking News: Ukrainian Attack Kills Five in Russian City of Belgorod In a devastating turn of events, five people were tragically killed and 46 others were injured in a recent Ukrainian attack on the southwestern Russian city of Belgorod. The local governor, Vyacheslav Gladkov, confirmed the casualties and reported that 37 individuals, including seven children, were rushed to the hospital for treatment. Shocking video footage captured from a car dashboard, circulating on social media, depicts the harrowing moment when a car is blown up while in motion on the road. Moments later, another explosion is seen on…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Authorities in Bangladesh are facing a crisis as devastating floods have left at least 54 people dead and millions stranded, leading to a desperate need for food, clean water, medicine, and clothing. The slow recession of floodwaters has left many people in remote areas cut off, hindering rescue efforts. The Bangladesh Meteorological Department warns that flood conditions could persist with continued monsoon rains, posing a risk of waterborne diseases. Around 470,000 people have sought refuge in shelters across 11 districts, with medical teams providing treatment and the military…

Breaking News: Silicon Valley Bank’s Chinese Joint Venture Becomes Shanghai Innovation Bank In a groundbreaking move, Silicon Valley Bank’s Chinese joint venture is set to become a wholly owned unit of Shanghai Pudong Development Bank, rebranded as Shanghai Innovation Bank. This development comes after approval from Chinese financial regulators, marking a significant shift in the banking landscape. The collapse of Silicon Valley Bank last year was a major event in U.S. banking history, leading to uncertainty for its joint venture with Shanghai Pudong Development Bank. With no buyers stepping forward to acquire SVB’s stake, the future of the joint venture…

Breaking News: Palo Alto Networks Insider Trading Activity Reveals Director’s Strategic Moves In a recent series of transactions, Aparna Bawa, a director at Palo Alto Networks Inc (NYSE:PANW), has been actively engaging in both the purchase and sale of the company’s common stock. The insider trading activity, disclosed in filings with the Securities and Exchange Commission, highlights Bawa’s investment decisions and confidence in Palo Alto Networks’ value and growth potential. Bawa has been buying shares at prices ranging from $140.73 to $307.55, investing a total of $28,175. On the selling front, she has sold shares at prices between $148.98 and…

Stuart A. Tross, Chief People & Workplace Officer at MannKind Corp (NASDAQ: MNKD) Sells $500K Worth of Company Stock Stuart A. Tross, Chief People & Workplace Officer at MannKind Corp (NASDAQ: MNKD), has recently sold a significant portion of his company stock, totaling over half a million dollars. The sales were made through two separate transactions on August 30, 2024, under a Rule 10b5-1 Plan to avoid insider trading accusations. Tross sold 45,000 shares at $6.33 each, generating around $284,850, and 35,000 shares at a weighted average price of $6.32 per share, totaling $221,200. Despite these sales, Tross still holds…

ADMA Biologics Executive Engages in Significant Trading Activity: What Does It Mean for Investors? Kaitlin M. Kestenberg-Messina, the COO and SVP of Compliance at ADMA Biologics, Inc. (NASDAQ:), has recently made some major moves in the company’s stock. On August 30, 2024, Kestenberg-Messina sold 24,150 shares of common stock and acquired the same amount through option exercises. These transactions can provide valuable insights into an executive’s confidence in the company’s future prospects. ADMA Biologics, a leader in the biological products industry, has been making significant strides in its financial operations and corporate governance. The company recently repaid $30 million of…

Patrick Industries Inc. Executive Vice President Sells $248,636 Worth of Company Stock Patrick Industries Inc. (NASDAQ: PATK) recently saw its Executive Vice President of Operations and Chief Operating Officer, Hugo E. Gonzalez, sell 1,911 shares of the company’s common stock, generating over $248,636 from the transaction. The sales occurred on August 29, 2024, with shares sold at prices ranging from $129.81 to $130.32, at a weighted average price of $130.1078 per share. Insider transactions like these can provide valuable insights into the company’s future prospects. Investors often monitor such activities to gauge executives’ confidence in the stock’s performance. Despite the…

Artisan Partners Pushes Seven & i Holdings to Consider Alimentation Couche-Tard’s Takeover Bid: What It Means for Investors By Rocky Swift and Kevin Buckland TOKYO (Multibagger) – U.S. fund Artisan Partners (NYSE: APAM) Asset Management is intensifying its campaign to influence Japan’s Seven & i Holdings, urging the board to provide an update on a takeover bid from Canada’s Alimentation Couche-Tard (ACT) by September 19. In a letter dated Friday and distributed to journalists, Artisan portfolio managers N. David Samra and Benjamin L. Herrick advised Seven & i, the operator of the 7-Eleven convenience store chain in Japan, to seriously…