Autodesk Inc (NASDAQ:ADSK) shares gained almost 6% on Monday after the company signalled it has dropped its pursuit of acquiring PTC Inc (NASDAQ:PTC), a fellow engineering software firm valued at about $23 billion.
In a filing with the Securities and Exchange Commission (SEC), Autodesk said it will be focused on its strategic priorities, indicating there will be no deal with PTC without mentioning the Boston-based firm by name.
Waters Corp (NYSE:WAT) announced a business combination deal with BD Biosciences & Diagnostic Solutions (NYSE:BDX), forming a new life sciences and diagnostics leader focused on high-volume, regulated testing markets.
The transaction, structured as a Reverse Morris Trust and valued at approximately $17.5 billion, is expected to significantly expand Waters’ market reach and strengthen its position in key adjacent sectors.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that the Australian patent for its graphene aluminium ion battery has been granted.
The patent is held by the University of Queensland (UQ), which has provided GMG with a worldwide exclusive commercialization license, the company said on Monday.
NanoViricides (NYSE-A:NNVC) said on Monday it is close to finalizing the design of a Phase II adaptive clinical trial for its lead candidate NV-387 to treat MPox virus Clade 1a and 1b infections.
The trial aims to assess safety, tolerability, and antiviral effectiveness in approximately 80 patients, with the initial Phase IIa portion to be conducted at a single site in the Democratic Republic of Congo (DRC).
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has achieved ISO 9001 certification for its quality management system.
The certification, awarded under the ISO 9001 standard, recognizes organizations that consistently meet customer and regulatory requirements through effective quality management practices.
Fresnillo PLC (LSE:FRES) and Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) were leading the FTSE 350 risers on Monday morning as silver prices hit their highest since 2011.
Silver reached a 13-year high last week at $38 an ounce, and this morning has continued the climb to above $39 per oz.
UK companies holding Bitcoin on their balance sheets have seen their shares lifted as the cryptocurrency smashed through $120,000 for the first time on Monday.
In early trading, the cryptocurrency was $122,569.40, up 3% on Friday's closing price. With it rose London BTC Company Ltd (LSE:BTC, OTCQB:VINZF), which was up 4.4% and Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF), which rose 5.6%.