Author: Bella Hayes

By Tom Hals WILMINGTON, Delaware (Reuters) – Internal Qualcomm (NASDAQ:) documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday. The projection surfaced while Qualcomm CEO Cristiano Amon was testifying to a jury in Delaware federal court about his firm’s rationale for purchasing Nuvia for $1.4 billion in 2021. “It justified the acquisition,” he said of the potential savings on royalty payments to Arm. The chip firm’s CEO was testifying as part of…

Douglas B. Given, a director at Arrowhead Pharmaceuticals, Inc. (NASDAQ:), reported selling shares of common stock valued at approximately $121,555, according to a recent SEC filing. The transactions occurred on December 16 and 17, with shares sold at prices ranging from $21.90 to $22.04. The stock has since declined to $20.36, with InvestingPro analysis indicating the company is currently overvalued. With a market capitalization of $2.56 billion, Arrowhead faces some financial challenges, as highlighted by its “Weak” overall financial health score. Following these sales, Given holds 124,167 shares of the company. The sales were part of a pre-established 10b5-1 trading…

Steven Weiskircher, SVP and Chief Technology Officer at Liquidity Services Inc. (NASDAQ:), recently executed several stock transactions, as reported in an SEC filing. The company, currently valued at approximately $955 million, has demonstrated impressive momentum with a 21% return over the past week according to InvestingPro data. On December 16 and 17, Weiskircher sold a combined total of 33,773 shares of common stock, with sale prices ranging from $30.94 to $33.31 per share, totaling approximately $1.03 million. Additionally, Weiskircher acquired shares through multiple stock option exercises. On December 16, he acquired 2,046 shares at a price of $9.46 per share,…

Gregory B. Maffei, President and CEO of Liberty Media Corp (NASDAQ:FWONK), recently sold shares valued at approximately $2.54 million. The transactions, dated December 16, involved the sale of Series C Liberty Live Common Stock at prices ranging from $71.519 to $72.047 per share. The stock has since climbed to $92.58, marking a strong 50.32% gain year-to-date and currently trading near its 52-week high of $96.26. In addition to these sales, Maffei acquired shares through multiple exercises of stock options. These acquisitions included Series C Liberty Formula One Common Stock and Series C Liberty Live Common Stock, with total values reaching…

By Richard Cowan, Katharine Jackson, Andy Sullivan and Jeff Mason WASHINGTON (Reuters) – President-elect Donald Trump said on Wednesday that U.S. lawmakers should reject a stopgap bill that would fund the government through March, raising the likelihood of a partial shutdown when current funding expires at midnight on Friday.  A Trump adviser said the Republican, who returns to the White House on Jan. 20, opposed the bill unveiled Tuesday night, which would fund government agencies at current levels and provide $100 billion for disaster relief.  That could complicate efforts to avert a shutdown that would disrupt everything from air travel…

Pyxis Oncology, a biopharmaceutical company valued at $97 million, has seen its stock price touch a 52-week low, reaching a price level of $1.5 . According to InvestingPro analysis, while the company maintains a strong liquidity position with a current ratio of 7.33, this downturn reflects a challenging period marked by an EBITDA of -$61.25 million. Despite analysts setting price targets between $7-13, the stock has experienced a decline over the past year. Investors are closely monitoring Pyxis Oncology’s performance as it navigates through the volatile biotech sector, which has been marked by rapid innovation but also by heightened regulatory…

Compass Pathways Plc (NASDAQ:) stock has reached a new 52-week low, touching down at $3.99, with a market capitalization of $276 million. This latest price point marks a significant drop for the mental health care company, which has been navigating through a challenging market environment. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 8.91 and more cash than debt on its balance sheet. Over the past year, Compass Pathways has seen its stock value decrease by a substantial 49.5%, with a beta of 2.25 indicating higher volatility than the broader market. The…

WASHINGTON (Reuters) – The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project. The U.S. State Department said in a statement it was re-imposing sanctions on a number of entities involved in the construction of the pipeline that were already designated, as well as several new owners of vessels already under sanctions. Among those targeted on Wednesday were Russia-based marine services and water transport entities, the state-owned maritime rescue service and over a dozen vessels,…

MIDLAND, MI – (NYSE:DOW) has announced the immediate appointment of Karen S. Carter as the new Chief Operating Officer. Carter, who has been with the company since 1994, brings over 30 years of experience within Dow to her new role. As COO, she will oversee Dow’s business operating segments, including Packaging (NYSE:) & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Carter’s (NYSE:) responsibilities will extend to driving business and operational performance, with an emphasis on enhancing customer engagement and accelerating the commercialization of Dow’s innovation pipeline. Her strategic oversight will also encompass the Integrated Supply Chain,…

Investing.com — The U.S. Supreme Court has decided to hear a plea by TikTok and its China-based parent company, ByteDance, against a law that could force the sale of the short-video app by January 19. The law was designed with national security concerns in mind. TikTok and ByteDance, along with some of its users who create content on the platform, had requested an emergency injunction to stop the impending ban. However, the justices have decided not to take immediate action on this request. Instead, they plan to listen to arguments about the issue on January 10. This plea is in…