Author: Bella Hayes

SANTA CLARA, Calif. – Palo Alto Networks (NASDAQ: NASDAQ:), a global leader in cybersecurity with a market capitalization of $123.86 billion and impressive gross profit margins of 74%, has announced that its suite of AI-powered cybersecurity solutions has achieved Federal Risk and Authorization Management Program (FedRAMP) High Authorization. According to InvestingPro data, the company has demonstrated strong revenue growth of 15% over the last twelve months, reinforcing its position as a prominent player in the software industry. This encompasses its network, cloud, and security operations (SOC) platforms, marking the company as having a comprehensive range of solutions approved for use…

Announces preliminary Phase 1 data for XTX301, a tumor-activated IL-12, demonstrating an improved tolerability profile over historical data for rhIL-12, with no dose-limiting toxicities Completed additional private placement with Gilead for purchase of remaining equity investment in connection with XTX301 partnership WALTHAM, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) — Xilio Therapeutics, Inc. (: XLO), a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies for people living with cancer, today announced plans to present initial data from its ongoing Phase 2 trial for vilastobart (XTX101), a tumor-activated, Fc-enhanced, high affinity binding anti-CTLA-4, in combination with atezolizumab (Tecentriq ®) in patients…

Investing.com — UK water stocks rallied on Thursday following the release of a robust regulatory package for the sector’s forthcoming investment period, AMP8 (2026-2030).  Analysts at Morgan Stanley (NYSE:) have flagged several key factors underpinning this surge, including favorable determinations on expenditure, returns, and regulatory incentives. Morgan Stanley’s analysis points to a “strong result” for the water sector, with regulatory allowances coming in above expectations.  Additionally, companies like Severn Trent (LON:), United Utilities (OTC:), and Pennon (LON:) Group secured total expenditure allowances 9%, 8%, and 3% higher than Morgan Stanley’s estimates, respectively.  This upward adjustment reflects increased confidence in the…

Investing.com – Accenture (NYSE: ) reported first quarter EPS of $3.59, $0.17 better than the analyst estimate of $3.42. Revenue for the quarter came in at $17.7B versus the consensus estimate of $17.17B. Guidance Accenture sees Q2 2025 revenue of $16.20B-$16.80B versus the analyst consensus of $16.62B. Accenture sees FY 2025 EPS of $12.43-$12.79 versus the analyst consensus of $12.73. Accenture’s stock price closed at $347.61. It is up 3.39% in the last 3 months and up 2.39% in the last 12 months. Accenture saw 14 positive EPS revisions and 4 negative EPS revisions in the last 90 days. See…

By Lewis (JO:) Krauskopf and Suzanne McGee NEW YORK (Reuters) -The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather than the four previously penciled in, catching investors off guard, and sending stocks tumbling while driving up yields and the . That overshadowed the Fed’s widely expected decision to reduce its benchmark rate for a third straight meeting. The central bank lifted its forecast for…

CAIRO – EZZ Steel Company S.A.E., a leading steel manufacturer in Egypt, has announced its intention to voluntarily delist from the Egyptian Stock Exchange (EGX). The company has called an Extraordinary General Assembly meeting (EGM) for Tuesday, January 28, 2025, to discuss the delisting process and related measures. The agenda for the EGM includes the certification of the fair value study of the company’s shares, prepared by an Independent (LON:) Financial Advisor (IFA), along with the auditor’s report on the study. Shareholders will vote on the proposed delisting and the purchase of shares from those affected by the delisting at…

LONDON – Baillie Gifford UK Growth Trust plc (LSE:BGUK) has announced the appointment of Mrs Seema Paterson as a Non-Executive Director, effective from January 2, 2025. Mrs Paterson’s current role is the Chief Financial Officer and board director at This Works Products Limited, a wellness and beauty brand with a global presence. Her extensive experience includes her position as Chair of the Audit Committee for CQS Natural Resources Growth and Income plc, and board membership at Resurgo Trust, a youth employment charity. A chartered accountant since 1999, Mrs Paterson’s career began with Arthur Andersen in London, followed by time in…

In a recent move, Mark Dr Green, the congressional representative for Tennessee’s 7th district, engaged in a significant transaction involving NGL Energy Partners LP (NYSE:), currently trading at $4.75 with a market capitalization of $632 million. The transaction, which was a sale, fell within the range of $15,001 to $50,000. The sale was executed on December 3, 2024, and was promptly reported on December 16, 2024. The transaction involved common units representing Limited Partner Interests in NGL Energy Partners LP, a publicly traded company specializing in energy and related businesses. According to InvestingPro analysis, the company currently faces profitability challenges…

LONDON – Tesco PLC (OTC:) has announced the appointment of Chris Kennedy as a Non-executive Director, effective from February 20, 2025. Kennedy will also join the Audit Committee and Nominations and Governance Committee of the company. To align with the UK Corporate Governance Code 2024, he will resign from his position at Whitbread (LON:) plc following their 2025 AGM. Gerry Murphy, the Chair of Tesco (LON:), expressed confidence in Kennedy’s appointment, citing his extensive experience in financial management and strategic planning across various sectors, including media and hospitality. Murphy believes Kennedy’s expertise will significantly benefit the Board. Currently, Kennedy holds…

TOKYO, Dec 19, 2024 – (JCN Newswire) – – On December 12th in 3GPP TSG-RAN meeting #106, Madrid, 6G RAN level study item supported by 56 co-signed companies was approved, which achieves a significant milestone of 6G standard. This study item aims at interacting with ITU on 6G technical performance requirements. In the future, deployment scenarios, requirements and potential directions of 6G radio access technologies will be further identified and investigated in 3GPP. This initiative is spearheaded by industry leaders from diverse countries and regions, underscoring the shared dedication of 3GPP and the broader telecommunications sector to forge a global…