Mesoblast’s Revascor receives FDA approval, but stock price falls
mesoblast (ASX:MSB) announced that the U.S. Food and Drug Administration (FDA) has granted advanced regenerative therapy designation to Revascor (rexlemestrocel-L) for children with hypoplastic left heart syndrome (HLHS). This is based on the rare pediatric disease (RPD) and orphan drug…
Shell and Equinor to merge North Sea assets
Shell (LSE:SHEL) and Equinor (OSE:EQNR) have announced plans to combine their North Sea oil and gas assets to form a new company that will become one of the region’s largest producers. The joint venture will be based in Aberdeen. The…
Dial ‘M’ for merger: Vodafone and Three’s £16.5bn partnership
The UK Competition and Markets Authority (CMA) has approved the merger of Vodafone (LSE:VOD) and Three UK, ending months of regulatory scrutiny. The new organization will be the country’s largest mobile operator with more than 27 million customers. The £16.5bn…
$100,000 Bitcoin: Making Cryptocurrency Great Again
Bitcoin surpassed US$100,000 for the first time, boosted by “Trump Pump” optimism over the president-elect’s crypto-friendly policies. The largest cryptocurrency by market capitalization rose to $102,510 on December 5, marking a 45% rise since President Trump’s election victory in early…
Stocks to watch: Northern Star Resources, Hazer Group, INOVIQ
Monday, Northern Star Resources (ASX:NST) Announces agreement to acquire De Gray Mining (ASX:°)including the world-class Hemi Gold project. If the $5 billion deal is approved, De Gray shareholders will receive 0.119 Northern Star shares for each De Gray share. This…
U.S. employment increases in November, raising expectations for Fed interest rate cuts
The U.S. economy added 227,000 nonfarm payrolls in November, beating expectations of 214,000 and rebounding from 36,000 jobs in October, which was hit by the hurricanes. The Bureau of Labor Statistics (BLS) announced Friday that the unemployment rate rose to…
Bhagwan causes ripples with first half instructional lift
Bhagwan Marine (ASX:BWN) forecasts strong revenue growth and increased bidding activity in the first half of FY25, with pro forma EBITDA expected to reach $26 million to $28 million. This represents an increase of 26% to 36% compared to $20.6…
Dolphin wins in fundraising, but stock price falls
dolphin resources (ASX:ILU) announced the successful conclusion of financing negotiations with the Australian Government to support the $1.8 billion Eneaba Rare Earths Refinery in Western Australia. The refinery is designed to process both light and heavy rare earth oxides, positioning…