Latest News of OTEC
An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
By Business Insider |
18 hours ago
Northvolt, a battery company founded by former Tesla executives, filed for Chapter 11 bankruptcy protection due to production struggles. Despite $5.8 billion in debt, it secured an extra $245 million ...
Why Is Madrigal Pharmaceuticals, Inc. (MDGL) Among the Worst Performing Biotech Stocks in 2024?
By Yahoo! Finance |
1 day ago
The biotech industry faced volatility in 2024 with a slowdown in M&A deals despite the federal interest rate cut. Analysts were uncertain about the impact, but small-cap stocks gained momentum post th...
Australian free-to-air TV stations push for more M-rated content hours and watered down child protections
By The Guardian |
1 day ago
Critics argue that the proposal to extend M-rated content on TV would expose children to inappropriate content and alcohol advertising. The push by commercial broadcasters comes amidst lobbying agains...
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Giraffes need endangered species protection, U.S. officials say
By CBS News | 1 day agoThe U.S. Fish and Wildlife Service has proposed listing three giraffe subspecies as endangered and two as threatened due to declining populations from poaching, habitat loss, and climate change. This ...
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Giraffes Need Protections of Endangered Species Act After Declining Numbers, U.S. Wildlife Officials Say
By PEOPLE.com | 1 day agoCharna Flam, a writer-reporter at PEOPLE since 2023, covers the proposal by U.S. Fish and Wildlife officials to list certain giraffe species as endangered or threatened under the Endangered Species Ac...
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China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug
By Yahoo! Finance | 2 days agoEli Lilly and Laekna will collaborate to develop an obesity drug focusing on weight loss while preserving muscle. Lilly aims to solidify its position in the growing $150 billion obesity market by leve...
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Converge Bio's 'everything store' for biotech LLMs brings in $5.5M seed | TechCrunch
By TechCrunch | 2 days agoConverge Bio has developed a tool to help biotech and pharmaceutical companies effectively utilize biology-focused large language models (LLMs) in their research. The company raised $5....
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Biotech Bleeds Out After Cholesterol Drug Outperforms
By Investor's Business Daily | 2 days agoShares of NewAmsterdam Pharma (NAMS) plunged as the company announced its cholesterol treatment reduced LDL levels by 52.2% in a recent study. The combination of obicetrapib and ezetimibe outperformed...
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Giraffes Need Endangered Species Act Protection, U.S. Officials Say
By The New York Times | 2 days agoThe US Fish and Wildlife Service is proposing to protect giraffes under the Endangered Species Act due to their declining population. The proposal aims to restrict imports of giraffe parts to help con...
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Los Angeles passes 'sanctuary city' ordinance to protect migrants
By Reuters | 3 days agoBy Omar YounisLOS ANGELES (Reuters) - The Los Angeles City Council on Tuesday unanimously passed a "sanctuary city" ordinance to protect immigrants living in the city, a policy that would prohibit...
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Is Evotec SE (EVO) the Best German Stock to Buy Now?
By Yahoo! Finance | 3 days agoA list of the top 10 German stocks includes Evotec SE. Germany's strong economy relies on its manufacturing industry, contributing significantly to the country's gross value. Key sectors for growth in...
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UK proposes measures to protect shoppers against subscription traps
By Yahoo! Finance | 3 days agoThe UK government aims to simplify the process for consumers to cancel unwanted subscriptions, following reports of nearly 10 million unwanted subscriptions costing £1.6bn annually. Proposals seek gr...
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Wyoming judge rules abortion rights protected by state constitution, media report
By Reuters | 4 days ago(Reuters) - A Wyoming judge on Monday ruled that two anti-abortion laws passed by the state legislature violate Wyoming's constitution, keeping abortion legal in the state for now, local media rep...
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Cyanotech Corp (CYAN) Q2 2025 Earnings Call Highlights: Navigating Growth Amidst Challenges
By Yahoo! Finance | 4 days agoThe CEO and CFO discuss the financial performance of the company during an earnings call, addressing factors such as a drop in gross profit margin due to product mix, stock shortages, financing impact...
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Cat bravely protects two kittens against pack of five felines: "Good boy"
By Newsweek | 4 days agoReddit users praised a cat named Ghost for protecting new kittens in the family. Ghost intervened to prevent conflict among older cats and the kittens. His heroic act earned him the title "Good Boy" a...