In a recent strategic move, Caliber has chosen Coinbase Prime as its trading and custody solution for LINK Treasury. This decision underpins Caliber’s dedication to leveraging innovative technologies to enhance its business operations.
Meanwhile, XCHG’s financial performance has shown some shifts year-over-year. The company’s first half revenue came in at $12.5 million, a significant dip from the $20.1 million witnessed the same period last year.
In another part of the tech industry, Sharps Technology is joining forces with Jupiter Exchange. This partnership aims to accelerate the adoption of the Solana blockchain, landmarking a significant step for cryptocurrency and blockchain technology.
Seres Therapeutics, a leader in microbial therapeutic products, stated that they have received additional beneficial feedback from the FDA on their product SER-155. This interesting development continues to demonstrate the depth of the connection between health science companies and regulatory bodies.
However, it’s not always good news. The FDA sent a Complete Response Letter (CRL) to Scholar Rock regarding the Biologics License Application (BLA) for the company’s product, apitegromab. This serves as a stark reminder of the rigorous approval process for new treatments.
On the business performance end, Trident Digital’s first-half earnings per share (EPS) was reported to be (2c), a divergence from last year’s 0c. The company’s report provides an insight into the dynamic and sometimes challenging landscape of the digital industry.
Distinctly, Jiuzi Holdings announced the appointment of Dr. Doug Buerger as its new Chief Operating Officer. His leadership is anticipated to bring a fresh perspective and potential growth to the company.
In clinical advancements, Bristol Myers’ iberdomide, under study in a Phase 3 clinical trial, showed betterment in myeloma treatment. This promising data sheds light on the continuous strive to develop effective therapeutic options for patients.
However, the fast-food chain Wendy’s received a downgraded rating from Argus, reflecting a more pessimistic stance towards the company. This serves as a snapshot of the ever-changing sentiments in the market.
Contrastingly, AutoZone announced increased domestic same store sales (SSS) by 4.8% in their Q4 report. In addition, the revelation of 91 new store openings in the United States during Q4 depicts a story of expansion despite the challenges of the year.
However, AutoZone’s Q4 earnings per share (EPS) reported at $48.71, showed a slight underperformance against a consensus of $50.68, underscoring some of the pressures facing the retail industry now.
In a keen observation of equity markets, Canaccord raised the price target for Premier by $3.25, while Morgan Stanley hiked the target price for Hinge Health by $10. These are solid indicators of upward trends and positive investor sentiments for these corporations.
In another sector, JPMorgan raised the price target for Brunswick by $7, reflecting the expected growth in the recreational products industry.
Miami International has recently shared plans to initiate support for financial futures trading. This could be a notable progression for the financial market.
Lastly, in the electric vehicle landscape, price target increases by Mizuho were observed for Tesla and Rivian, by $75 and $2 respectively, and a $1 raise for Nio. This marks a sign of the market’s continued confidence in the growth potential of this industry.
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