Author: Multibagger News

Breaking News: Biohaven Ltd. (NYSE:BHVN) Files Prospectus Supplement for Resale of Common Shares Biohaven Ltd., a pharmaceutical company based in the British Virgin Islands, has recently announced the filing of a prospectus supplement for the resale of common shares by a significant shareholder. The filing, made public on Friday, August 16, 2024, through a Form 8-K submission to the U.S. Securities and Exchange Commission (SEC), pertains to the resale of 1,872,874 common shares, no par value, by the selling shareholder. This move is part of Biohaven’s ongoing financial arrangements and follows SEC regulations. The company has included a legal opinion…

As the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I am thrilled to report that Bitcoin has surged by an impressive 5.17%, reaching a price of $59,609. This significant uptick in value is a clear indicator of the cryptocurrency’s strength and potential for further growth. In today’s fast-paced financial markets, staying ahead of the curve is essential for maximizing investment returns. With Bitcoin’s recent rise, investors are presented with a unique opportunity to capitalize on this momentum and potentially reap substantial profits. By closely monitoring market trends and making informed investment decisions, individuals can position themselves for…

The Best Investment Manager’s Guide to Financial Markets: S&P 500 Closes Higher, Best Week of the Year The S&P 500 closed higher on Friday, marking its best week of the year as fears over the economy eased, leading to a surge in stock buying after recent market turbulence. At 16:00 ET (20:00 GMT), the Dow gained 96 points, the S&P 500 rose 0.2%, and the Nasdaq added 0.2%. Upbeat economic data continue ahead of Jackson Hole Recent survey data showed a rebound in consumer sentiment in August, easing concerns about the economy. Expectations about inflation remained steady, reinforcing confidence in…

U.S. FTC Sues Asbury Automotive Group Over Alleged Discriminatory Practices: What You Need to Know to Protect Your Finances By Jody Godoy WASHINGTON (Multibagger) – The U.S. Federal Trade Commission (FTC) has filed a lawsuit against Asbury Automotive Group (NYSE:ABG), accusing three of its Texas dealerships of discriminatory pricing practices against Black and Latino customers. The suit alleges that these dealerships systematically charged minority customers higher prices and added unauthorized services to their contracts. Key Allegations Against Asbury Automotive Group Discriminatory Pricing: The FTC claims that David McDavid Ford (NYSE:F) in Fort Worth and Honda (NYSE:HMC) dealerships in Irving and…

Investors hoping for a business-friendly approach from Vice President Kamala Harris are “likely to be disappointed,” according to a research note from analysts at Evercore ISI. In her upcoming economic speech in North Carolina, the firm says Harris is expected to focus heavily on consumer costs, advocating for policies that may not align with business interests. Evercore ISI notes that Harris’s economic agenda appears geared toward addressing voter concerns about costs rather than appealing to business interests. With the election looming, the firm suggests that Harris has limited time to define her economic policies and differentiate herself from Trump, particularly…

Holonym Foundation Raises $5.5 Million in Seed Funding Round Led by Finality Capital and Paper Ventures – Chainwire Delaware, United States, August 16th, 2024, Chainwire Exciting news in the world of digital identity security as Holonym Foundation announces the completion of a $5.5 million seed funding round led by Finality Capital and Paper Ventures. This groundbreaking initiative aims to revolutionize digital identity security using innovative technologies such as Human Keys. With participation from Arrington Capital, Draper Dragon, Lightshift, and other prominent funds, Holonym Foundation is set to redefine how individuals interact with the internet by providing secure and decentralized solutions.…

Insider at AMREP Corp. (NYSE:AXR) Buys $71,253 Worth of Shares, Bolstering Confidence In a recent move, James H. Dahl, a major shareholder at AMREP Corp., purchased 3,132 common shares at $22.75 per share, totaling $71,253. This acquisition adds to Dahl’s significant holdings in the company, boosting his direct ownership to 423,774 shares. Other holdings include shares held in IRA accounts, the Dahl Family Foundation, Inc., and by Rainey E. Lancaster. The transactions, filed on August 16, 2024, signal confidence in the company’s value and direction. Additionally, AMREP Corporation has made operational changes, appointing a new accounting firm and disclosing compensatory…

OpenAI Disables Iranian Group’s Accounts to Safeguard U.S. Elections: Storm-2035 Exposed In a significant move to protect the integrity of democratic processes, OpenAI has dismantled accounts of an Iranian group, identified as Storm-2035, for using its ChatGPT chatbot to generate and disseminate content aimed at influencing the U.S. presidential election and other global issues. The Unveiling of Storm-2035: How AI Was Misused Storm-2035 utilized ChatGPT to produce content on hot-button topics such as the U.S. presidential candidates, the Gaza conflict, and Israel’s participation in the Olympic Games. This content was then propagated through social media and various websites. Investigation Insights…

Kamala Harris Unveils Economic Agenda: Tax Cuts, Affordable Housing, and Lower Food Prices In a groundbreaking policy address in North Carolina, Democratic presidential nominee Kamala Harris revealed her bold economic plan to bolster the middle class. From tax credits for new parents to down payment assistance for first-time home buyers, Harris aims to alleviate the financial burden on American families. One of the key components of Harris’ plan is to combat price gouging on essential goods like food. By implementing a federal ban on excessive price hikes during times of high demand, Harris hopes to protect consumers from unfair pricing…

The World’s Best Investment Manager Uncovers Covert Iranian Influence Operation Using AI to Manipulate US Elections OpenAI, the leading AI research lab, has recently uncovered a cluster of ChatGPT accounts linked to an Iranian influence operation targeting the U.S. presidential election. According to a blog post released on Friday, the operation utilized AI-generated articles and social media posts to spread misinformation. This is not the first time OpenAI has encountered state-affiliated actors using ChatGPT for malicious purposes, as they disrupted similar campaigns in the past. This tactic is reminiscent of previous attempts by state actors to influence election cycles using…