US lawmakers on Thursday spent more than five hours questioning TikTok CEO Shou Zi Chew about the app’s ties to China and its US user data protection initiatives, among other issues.
It appeared lawmakers had already made up their minds about the social media app before the CEO’s testimony even started, with the House Committee on Energy and Commerce chair Representative Cathy McMorris Rodgers kicking off the hearing by telling Chew: “Your platform should be banned.”
The $30 billion dollar rescue of First Republic bank by a collective of Tier-1 financial institutions is strangely reminiscent of a practice used to prevent bank failures as far back as the early 20th century, according to a professor of finance at Cornell University.
Back then, bank runs occurred frequently, culminating in the panic of 1907. In response, the US established the Postal Savings system in 1911 to allow consumers to deposit money at Post Offices in addition to banks.
GlobalBlock Digital Asset Trading Ltd (TSX-V:BLOK, OTC:BLVDF) told investors that it has entered into a Business Disposition Agreement with GlobalBlock Ltd (GB UK) and the original shareholders and founders of GB UK to transfer GB UK and its digital asset broker business back to the founders.
In return, the company said the GB UK Founders will return the 48,450,000 common shares of GlobalBlock collectively held by them, which were originally issued to the founders when GlobalBlock acquired GB UK in 2021. It noted that the disposition transaction is considered a non-arm's length transaction because it involves non-arm's length parties.
ECN Capital Corp shares sank 17% to $2.73 on Thursday after the provider of business services to North American financial institutions reported fourth-quarter adjusted earnings that fell short of expectations.
ECN also said it has initiated a review of strategic alternatives to maximize its long-term growth and value.
Avricore Health Inc (TSX-V:AVCR, OTC:AVCRF), which is focused on delivering point-of-care testing and data solutions for pharmacies through its turnkey solution HealthTab, revealed that it has expanded its HealthTab network to the point where it has crossed 532 locations.
The Vancouver-based pharmacy service innovator said that in 100 of these locations it will be deploying Abbott’s ID Now, either in combination with Afinion 2 or as a standalone for virus detection and to assess the demand for infectious disease screening in community pharmacies.
Travelzoo (NASDAQ:TZOO) stock held onto Wednesday’s gains after the company reported strong fourth quarter operating results supported by its North America segment, warranting its ‘Outperform’ rating and a higher price target from analysts at Noble Capital.
Shares of the global internet media company that provides exclusive offers and experiences for members traded at $5.28 in early Thursday afternoon trade in New York following Wednesday’s 13% jump.
Mangoceuticals shares have dropped nearly 10% Thursday, the second straight day of big losses for the men’s wellness company after it went public on Tuesday.
Shares of the Dallas-based company debuted at $4.20 Tuesday morning but had dropped to $3.05 by Wednesday’s closing bell.
Wall Street firm Wells Fargo has ranked financial instability over inflation as the biggest risk facing the American economy for the next three months.
The firm’s head of macro strategy Michael Schumacher told CNBC’s “Fast Money” in an interview following the Federal Reserve’s 0.25% interest rate hike on Wednesday that policymakers were underestimating how quickly tightening credit conditions could hurt the economy.
Fabled Copper Corp. (CSE:FABL) said it has entered into two separate letters of intent and one purchase agreement to acquire three lithium claim blocks in Quebec.
The first letter of intent covers the OHM property, which consists of 51 contiguous cells comprising 2,856 hectares located approximately 70 kilometers south of Val D'Or.
The Securities and Exchange Commission (SEC) has charged eight celebrities with promoting cryptocurrencies without disclosing that they were paid to do so and the amount of their compensation.
Actress Lindsay Lohan, YouTuber Jake Paul, singer-songwriter Austin Mahone, and rapper Soulja Boy (whose legal name is DeAndre Cortez Way) were among those charged for illegally promoting cryptocurrencies Tronix (TRX) and BitTorrent (BTT), the SEC said Wednesday.
Shares of the Jack Dorsey-led payments app Block sank dramatically Thursday after short-seller Hindenburg Research announced the company was its latest short position.
Hindenburg accused Block, formerly known as Square, of allowing criminal activity on the app due to a lack of control bordering on a “Wild West approach to compliance.”
Fears of financial market contagion in the wake of the Silicon Valley Bank crisis have driven investors to the perceived safe haven store of value that gold offers.
The price of the yellow metals has been driven up by about US$150 per ounce over the past two weeks, trading at US$1,981.80 shortly before noon on Thursday.
Great Atlantic Resources Corp (TSX-V:GR) said it has identified a new priority target zone of gold soil anomalies at its Keymet precious metal and base metal property in New Brunswick.
The company said in a statement that 26 of its 2022 soil samples submitted for gold assay and multi-element analysis returned anomalous values of 0.005 to 0.049 parts per million (ppm) gold (44% of samples analyzed for gold) with twelve samples returning 0.012 to 0.049 ppm gold (20% of samples analyzed for gold).
Moderna CEO Stéphane Bancel faced sharp criticism at a US Senate hearing Wednesday over the company’s plan to quintuple the price of its Covid vaccine when it hits the private market.
Moderna intends to increase the list price of its vaccine to $130 for the private market, compared to the $26 per dose the company has been charging the US government. The shots could be available on the private market as early as this fall.
Carlyle Commodities Corp (CSE:CCC, OTCQB:CCCFF) has announced the closing of a non-brokered private placement under which it issued an aggregate of 1,341,666 units, at $0.15 each, for gross proceeds of $201,250.
The mineral exploration company said proceeds of the offering are expected to be used for general working capital purposes, adding that it will not be proceeding with any further tranches of the previously-announced private placement.
Skittles, Hot Tamales, Dubble Bubble Twist Gum and other candies could be banned in California as a new bill seeks to prohibit processed foods containing chemicals lawmakers say are “toxic and dangerous.”
Introduced by Assemblyman Jesse Gabriel (Democrat), Assembly Bill 418 would ban the manufacture, sale, or distribution of any food product in the state containing Red Dye No. 3, Titanium Dioxide, Potassium Bromate, Brominated Vegetable Oil, or Propyl Paraben.
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) announced results from an initial scout drilling program at its Arthurs Seat project in Jamaica.
Ten scout holes tested extensive epithermal quartz breccias exposed north of the Crawle River-Rio Minho Fault Zone (CRFZ), a new and emerging porphyry–epithermal belt. Although first-pass drilling did not intersect high-grade shoots that are common to these systems, broad zones of lower-grade gold mineralization with small intervals of high grade (0.6m at 7.63 grams per tonne of gold) have been confirmed within telescoped porphyry-style alteration and mineralization.
Bombardier (TSX:BBD.B) shares have taken flight after the Montreal, Canada-based business jet manufacturer announced it is targeting revenue of US$9bln in 2025, up from US$7.5bln.
The company said on Thursday that it was updating its 2025 objectives “based on strong business execution and confidence in business fundamentals.”
Predictmedix Inc, a provider of health screening solutions powered by artificial intelligence (AI), has announced the expansion of its non-invasive impairment detection technology for vertical-specific applications.
The Toronto-based company updated investors on the functionality and application of its technology across specific verticals after the US Patent Office granted it a key patent for its AI-powered technology for the non-invasive detection of impairment caused by alcohol and/or cannabis.
Accenture (NYSE:ACN) plans to cut 19,000 jobs or about 2.5% of its workforce and has lowered its annual revenue and profit forecasts, becoming yet another tech firm to trim costs amid challenging economic conditions.
The Dublin-based IT services and consultancy company revealed in an SEC filing on Thursday that it plans to carry out the job cuts over the next 18 months, with half of the departures expected to be people in its non-billable corporate functions.
The world’s first 3D-printed rocket was successfully launched on Wednesday night and met some mission objectives before failing to reach orbit.
Relativity Space’s 3D-printed Terran 1 rocket took off from the US Space Force’s facility in Cape Canaveral, Florida and flew for about three minutes before an anomaly prevented it from reaching orbit.
NorthWest Copper Corp (TSX-V:NWST) announced positive results from its 2022 Lorraine drilling program, the first drilling conducted by the company on this property.
Lorraine is located approximately 40 kilometers north of NorthWest’s flagship Kwanika-Stardust project. The proximity to Kwanika-Stardust, the high-grade near-surface resource and the significant exploration potential have made it NorthWest’s exploration priority for 2023, the company said.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) has provided summary results of its third-party December 31, 2022, year-end reserve report, saying its 2022 exploration and development efforts have paid off resulting in very substantial increases in reserves and values during the year.
The Canadian oil and gas producer’s CEO Dr Arthur Halleran commented in a statement: “It is our plan to realize the reserves' value through a development program extending throughout 2023 and beyond. We expect that our 2023 drilling program will further increase our reserves and cash flows. Our reserves values represent a substantial intrinsic value to shareholders.”
Therma Bright Inc (TSX-V:THRM, OTC:TBRIF) has announced that it is preparing to launch DCT, its digital cough data collection and screening smartphone applications, along with AI4LYF.
The company said that follows its acquisition of the exclusive worldwide licensing rights to market and sell products based on AI4LYF's Digital Cough Technology (DCT).
Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) reported impressive assay results showing the continuity and strong grade profile of the newly discovered X22 Zone at its Troilus project in the Frôtet-Evans Greenstone Belt, in Quebec, Canada.
The Montreal-based junior mining company said the results form part of an ongoing 6,500-metre (m) drill campaign designed to define and expand the new zone of mineralization discovered in late 2022.
Global Energy Metals Corp (TSX-V:GEMC) (GEMC) has announced that its chief executive officer, Mitchell Smith, will moderate a panel discussion at the Government of Canada’s Critical Minerals Day, being held at the Canadian Embassy in Washington DC.
Smith, who is also a director for the Battery Metals Association of Canada, will moderate a round table panel titled 'What would a fully integrated North American battery for electric vehicles look like and what do we need to get there?' and will include panelists government officials from both Canada and the United States, along with industry-specific representatives.
Kovo HealthTech Corporation (TSX-V:KOVO) said it has entered into a non-binding letter of intent (LOI) with Avonlea Ventures #2 Inc (AV) which has committed to a strategic investment in Kovo comprising a US$3.3 million non-brokered private placement and a secured credit facility of up to US$7 million.
"This funding allows Kovo to further develop our SaaS-based medical billing technology platforms and retire debt, while driving significant growth through our pipeline of strategic acquisitions," Kovo CEO Greg Noble said in a statement.
Thesis Gold Inc (TSX-V:TAU) has announced further assay results from the 2022 summer drill program at its Ranch Gold Project in British Columbia's Toodoggone mining district.
The company highlighted drill hole 22TH2DD012, which returned 8.79 metres (m) core length of 11.97 grams per tonne (g/t) gold (Au). It said the results push the boundaries of the Bingo, Thesis III, and Thesis II zones, demonstrating gold mineralization along the over 1.5-kilometer (km) Thesis Structural Corridor.
Ford Motor Company (NYSE:F) expects its electric vehicle (EV) business to lose $3bln this year but affirmed that it remains on track to achieve its objective of an earnings before interest and taxes (EBIT) margin of 8% by late 2026.
The company said in a statement that its 8% margin target was tied to its planned global EV run rates of 600,000 by the end of 2023 and 2mln by the end of 2026.
QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) has reported results from an additional 13 diamond drill holes at its Opemiska project in Quebec, revealing multiple wide stacked intersections of copper mineralization.
These results continue to emphasize the gold-rich nature of the veins in the southern part of the Springer conceptual pit and highlight high copper grades on Perry and the open pit resource potential of the Eastern Veins, the company said.
GreenBank Capital Inc (CSE:GBC) has said it intends to undertake a non-brokered private placement offering consisting of up to 1 million units at a price of $1.20 each, which, if fully subscribed, will yield gross proceeds of $1.2 million.
Each unit in the offering consists of ten common shares in GreenBank at C$0.12, five common share purchase warrants in GreenBank at an exercise price of C$0.20, and one option to purchase a common share of Ubique Minerals Ltd from GreenBank at a price of C$0.15. The period for exercise of both the GreenBank and Ubique options is 22 months after closing.
HighGold Mining Inc (TSX-V:HIGH, OTCQX:HGGOF) has said it intends to raise gross proceeds of up to C$7 million in a non-brokered private placement financing of up to 10,606,060 common shares of the company at a price of $0.66 each.
The net proceeds of the offering are expected to be used for exploration and development initiatives in connection with the company's Johnson Tract project and for working capital and general corporate purposes.
Context Therapeutics (NASDAQ:CNTX) has announced a portfolio prioritization and capital allocation strategy that is expected to extend its cash runway into late 2024.
Releasing its full-year 2022 financial statements, the Philadelphia-based women’s oncology company said the resulting changes include discontinuing the development of onapristone extended-release (ONA-XR) and focusing on the development of CTIM-76, its Claudin 6 (CLDN6) bispecific antibody clinical candidate.
ReVolve Renewable Power Corp (TSX-V:REVV) has provided an update on the ongoing development activity of both its Vernal Battery Storage (BESS) project and Primus Wind Energy project.
Both Vernal BESS and Primus Wind Energy have been progressed to the second phase of the interconnection process and Revolve said it is targeting having signed interconnection agreements for both projects in 2024.
Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) has said that in the first quarter ended January 31, 2023, its exploration expenditures spent mainly on developing the Van Dyke, Mineral Mountain and Eaglehead copper projects reached $134,583.
Announcing its first-quarter unaudited interim consolidated results, the company said that during the period it provided analytical results for six of the 11 drill holes completed as part of the 2022 metallurgical drill program at the Schaft Creek project. It also provided an update and detailed plans for its Van Dyke project. Further, the company provided an update on the Eaglehead project including the receipt of the Mines Act permit to conduct activities.
Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) - formally Nextech AR Solutions Corp - has announced its AI-powered Software-as-a-Service (SaaS) CAD to 3D Design Platform, Toggle3D has crossed over 1,000 sign-ups on the platform.
Toggle3D enables the conversion, texturing, customizing and sharing of the highest quality 3D models at scale, using CAD files. Since the Beta launch, the platform has attracted a variety of users such as designers, developers, 3D artists, entrepreneurs and creators, reaching over 1,000 users on the platform within two months, which is a 963% increase since the start of the year.
Usha Resources Ltd (TSX-V:USHA) said it has closed its upsized non-brokered private placement, issuing 9,230,769 units at $0.325 each for the full increase of total gross proceeds of $3 million raised, due to investor demand.
Each unit in the private placement consists of one common share of the company and one transferable common share purchase warrant exercisable at $0.50 per share for a period of three years from the closing date of the private placement.
Rakovina Therapeutics Inc said the TSX Venture Exchange has consented to the extension in the expiry date of 11,414,750 warrants with an original expiry date March 24, 2023, to a new expiry date March 24, 2024, with an unchanged exercise price of 40 cents. The warrants were issued under a private placement of 22,829,500 shares with 11,414,750 share purchase warrants attached, which was accepted for filing by the exchange effective March 30, 2021.
Plurilock Security Inc has announced that its wholly-owned subsidiary, Integra Networks Corporation, has received a C$3.4 million purchase order from the Department of National Defence. The Department of National Defence provides support to the Canadian Armed Forces in its role of defending Canadians’ interests at home and abroad. According to the terms of the purchase order, Integra will deliver IT solutions to the Department of National Defence. “We are pleased to receive a C$3.4 million purchase order from the Department of National Defence,” said Ian L. Paterson, CEO of Plurilock. “Government organizations require advanced cybersecurity solutions to protect themselves from increasingly sophisticated cyber-attacks. Overall, we aim to continue helping federal or state organizations in North America bolster their cyber defenses.”
FansUnite Entertainment Inc has announced that it will file its audited consolidated financial statements and associated management's discussion and analysis for the year ended December 31, 2022 on Thursday, March 30, 2023. The management team of FansUnite will host an investor webinar to discuss the company's Fiscal 2022 financial results and growth outlook at 10.00am EST on Friday, March 31, 2023. Interested parties can register at: https://us02web.zoom.us/webinar/register/WN_NxfcPfWGS3KIXxm9NYX0kg The company’s preliminary unaudited Fiscal 2022 financial results were reported on February 7, 2023.
Genprex Inc chairman, president and chief executive officer, Rodney Varner has commended the US Food and Drug Administration's (FDA) initiative that aims to expedite the development of gene therapies for patients with rare diseases. As such, the FDA announced that it will support using biomarkers as substitutes for other biological indicators in gene therapy clinical trials, accelerating the approval process for companies. "The FDA's efforts to streamline the regulatory process will help bring much needed therapies to patients more efficiently," said Varner. "This is a positive development for Genprex as we continue to advance our pipeline of gene therapies for patients with limited treatment options. This decision by the FDA also underscores the potential role of gene therapy to provide long-lasting and even curative treatments for diseases that are currently difficult to manage or are untreatable."
American Resources Corporation announced that it will report its fourth quarter and full year 2022 financial results on Thursday, March 30, 2023. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4:30 PM ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing American Resources Corporation's Fourth Quarter and Year End 2022 Conference Call, or by the webcast link: here. An audio replay will be available on the company's website following the call.
ACME Lithium Inc has announced that it CEO Steve Hanson will participate in the Electric Vehicle and Auto Tech Virtual Conference, presented by Maxim Group and hosted by M-Vest, on Thursday, March 30, 2023. Hanson will participate in the "Mining for Electric Vehicles" panel at 10 AM EDT. Ongoing adoption of electric vehicles, more technology in automobiles, and lighter and more efficient batteries can create opportunities for companies in many sectors. Executives involved in different parts of the electric vehicle and auto tech markets will discuss future opportunities and sector changes. This conference will be live on M-Vest. To attend, just sign up to become an M-Vest member. Click Here to Reserve Your Seat.