Yahoo MoviesWhat's Behind Guardant Health's Disappointing Q4 Results
The company beat revenue expectations, but its bottom-line performance and 2021 outlook weren't what investors hoped for.
The company beat revenue expectations, but its bottom-line performance and 2021 outlook weren't what investors hoped for.
Indonesia has approved private research of COVID-19 vaccine candidate Nusantara that is backed by a former health minister, after recently saying a mid-stage trial for it could not proceed amid safety and data integrity issues. Just this month, Indonesia's drug and food agency (BPOM) said approval for a Phase II trial for the vaccine, developed by local firm PT Rama Emerald Multi Sukses and America's Aivita Biomedical, would not be granted as its sponsors had failed to fulfil Phase I clinical trial requirements. The nod for private research comes amid mounting political pressure to approve the trial for the vaccine, which is backed by former minister Terawan Agus Putranto who enjoys the support of some in Indonesia's political and military elite.
Time is an encapsulation of both the power of fierce love as well as the pain of memory – of months and years slipping by excruciatingly slow, and simultaneously a little too fast.
Rahul Gandhi, an opposition Congress party leader and scion of India’s Nehru-Gandhi family, says he has tested positive for COVID-19 after experiencing mild symptoms. Gandhi last week called off political rallies in West Bengal state where provincial elections are being held. On Monday, another top Congress party leader and former prime minister, Manmohan Singh, also tested positive and was hospitalized as a precaution.
Restrictions have been imposed on non-essential shops, private offices and the movement of people. Gathering of more than five people at one place has also been banned in the state
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A group of 46 nations called Tuesday on member states of the global chemical weapons watchdog to diplomatically rebuke Syria for using toxic gas and nerve agents in the country's decade-long civil war. French Ambassador Luis Vassy proposed stripping Syria of its voting rights at the annual meeting of members of the Organization for the Prohibition of Chemical Weapons. Vassy said Syria's use of prohibited chemical weapons was “irrefutable,” and he urged OPCW member states to back his attempt to strip Damascus of its rights, saying “we cannot let indifference win.”
U.S. stock index futures dipped on Tuesday as investors turned to results from Netflix and other major technology-related companies this week to sustain the positive start to the earnings season. Streaming service provider Netflix that thrived during last year's lockdowns will be the first among the FAANG group to report quarterly numbers. International Business Machines Corp rose 2.6% as it recorded highest quarterly sales growth in more than two years, boosted by its bets on the high-margin cloud computing business.
Scientists found remains of the sauropod in rocks from what is today the Atacama desert.
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Fulgent Genetics' (NASDAQ: FLGT) CEO Ming Hsieh made one of these on the company's fourth quarter call in March. With those two pieces of information, let's explore a few of the companies Fulgent Genetics might buy. Ming Hsieh has some experience making deals.
Fintech disruption has accelerated tremendously in recent years. Should traditional banks be worried?
For over a year, the global health crisis has caused sales of P&G's hygiene and washing products such as Charmin toilet paper and Tide laundry detergents to swell, as consumers stockpiled on essentials and cleaning supplies to stay prepared for more lockdowns. The company added that it has started raising prices on its baby care, feminine care and adult incontinence products in the United States to offset rising commodity costs.
dHydronator® lineup. A lineup of the various potential trims options or colors for the finalized consumer model design of the dHydronator®. Closeup detail of interior of dHydronator®. A close up view of the interior chamber of the finalized consumer model design of the dHydronator®. THCT has leveraged the extensive market research commissioned through Keyhole Research to redesign the dHydronator® (Patented Cannabis sanitizing dryer) for the consumer market. This new design is in the rapid prototyping phase in preparation for mass manufacturing. THC Therapeutics, Inc. (THCT), a forward-thinking, publicly-traded technology company, whose mission statement is "Better Health through the Science of Nature", is pleased to announce that the company has arrived at a final design for the consumer market model of the dHydronator®. LAS VEGAS, April 20, 2021 (GLOBE NEWSWIRE) -- THCT has leveraged the extensive market research commissioned by Keyhole Research to complete two additional dHydronator® design models, one for the consumer market and one for the commercial market. THC Therapeutics has completed the design phase of the dHydronator® consumer model and is ready for the next stage. The company is now in the pre-production phase of this model, wherein the design work has been completed and the company has begun the search for a manufacturing partner to produce the first physical models prior to mass manufacturing. The commercial model of the dHydronator® is presently in the design phase. During the design of this robust, modular and innovative model, the company intends to apply for additional claims to be added to the broad patent protection the company has already been granted by the USPTO. THC Therapeutics has developed a patented sanitizing herb dryer, The dHydronator®, with multiple design, function, and usage patent protections. This innovative, laboratory-proven product is specifically designed for drying and sanitizing freshly harvested Cannabis, herbs, teas, etc. The dHydronator® can reduce the moisture content of Cannabis to approximately 10% in only 10-14 hours. Traditional Cannabis drying times can take up to two weeks. The US Patent and Trademark Office has accepted all 20 of the claims for the dHydronator®. With our built-in sanitizing technology, we are able to reduce the microbial load from failing cannabis and bring the contaminants down to passing levels. The device can kill surface Aspergillus, E. coli, Penicillium, Alternaria, Cladosporium, yeasts, botrytis, mites, and more. We’ve subjected the dHydronator to 9 independent tests over two laboratories and 6 strains of cannabis to confirm the findings. The dHydronator® is capable of sanitizing and drying cannabis without harming the integrity of the plant.See images at bottom of the press releases Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/508298a2-ac06-44de-89dc-ae6f23341fa9 https://www.globenewswire.com/NewsRoom/AttachmentNg/d4aad05b-f99e-45a8-8aff-164b64fd5f3f dHydronator: https://thct.io/dhydronator/ Brandon Romanek, the Founder & CEO, stated, “This is the culmination of years of work. I am very pleased with the designs that our hard-working team has produced; this is a crucial step in the road to manufacturing. And with this now complete, the wind is at our backs as we engage in discussion with multiple potential strategic partners who can provide us with the expertise and quality of service that we demand. In addition to the consumer model, we are doing some exciting work on bringing this one of a kind technology to commercial growers. We believe the commercial model will shorten the cultivation process on a larger scale which could be very profitable for cultivators.” About THC Therapeutics Inc THC Therapeutics, Inc. (THCT) is focused on developing their patented dHydronator®, a sanitizing herb dryer. The main function of the dHydronator® is to greatly accelerate the drying time of cannabis while sanitizing it. The dHydronator® can be used to dry a variety of herbs; it has been specifically tested for use with cannabis, and it can reduce the drying time for cannabis from 10-14 days to less than 14 hours. The Company may also focus some of its future operations on participation in cannabis-testing lab facilities and developing personal wellness centers. The Company is seeking partnerships in the Cannabis & Health/Wellness industries in the United States & Canada. Website: https://thct.io Any statements that are not historical facts contained in this press release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the cannabis industry, the performance of management, actions of government regulators and vendors, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our filings with the Securities and Exchange Commission (“SEC”). We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA. Investor Contact: Jon Olson jon@milestonemanagementservicesllc.com 702-217-9518 https://milestonemanagementservicesllc.com Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/508298a2-ac06-44de-89dc-ae6f23341fa9 https://www.globenewswire.com/NewsRoom/AttachmentNg/d4aad05b-f99e-45a8-8aff-164b64fd5f3f
Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX: CWEB) (OTCQX: CWBHF), a certified B Corporation and the market leader in hemp CBD extract products, today announced that three of its proprietary hemp cultivars were approved for registration on Health Canada's List of Approved Cultivars ("LOAC") for outdoor cultivation in Canada. These are among the first hemp CBD cultivars on the LOAC that are early flowering and early maturing for outdoor cultivation and harvesting within the shorter Canadian growing season. The approved cultivars include the Company's original "CW1AS1" U.S. patented genetics, clearing the way for Charlotte's Web to cultivate its leading CBD wellness products in Canada in 2021. Currently, Charlotte's Web Products are not easily available in Canada because laws do not allow for bulk importing of USA grown hemp CBD or related products into Canada.
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SAN DIEGO, April 20, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in JELD-WEN Holding, Inc. (NYSE: JELD) shares. Investors, who purchased shares of JELD-WEN Holding, Inc. (NYSE: JELD) in January 2017 or earlier and continue to hold any of those NYSE: JELD shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On February 19, 2020, a lawsuit was filed against JELD-WEN Holding, Inc. over alleged Securities Laws Violations. The plaintiff alleged that Jeld-Wen stated that its products, including doors, compete against those of other manufacturers based on price, and described the market in which the Company sells its doors as "highly competitive", that the Company also repeatedly attributed its strong margins and anticipated margin growth to legitimate business factors, such as "strategic pricing decisions" and an increased emphasis on "pricing optimization", that these and similar statements made by Defendants between January 26, 2017 and October 15, 2018 were false and misleading because Defendants knew that Jeld-Wen was engaged in a price-fixing conspiracy, and that as a result of Defendants' misrepresentations, shares of Jeld-Wen's common stock traded at artificially inflated prices between January 26, 2017 and October 15, 2018. On June 22, 2020, a consolidated complaint was filed, and the defendants filed their motions to dismiss the consolidated complaint on July 29, 2020. On October 26, 2020, the court denied the defendants’ motion to dismiss the case. On January 19, 2021, a motion was filed for class certification and the court granted the motion for class certification on March 29, 2021. Those who purchased JELD-WEN Holding, Inc. (NYSE: JELD) shares should contact the Shareholders Foundation, Inc. CONTACT:Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Interoil Exploration and Production ASA (the "Company") refers to the announcement published on 15 April 2021 in which the Company announced revised terms for its ongoing share issue with gross process of up to NOK 30.4 million (the "Share Issue"), including the new price per share in the Share Issue of NOK 1.20. A supplemental national prospectus setting out the new terms of the Share Issue (the "Supplemental Prospectus") has now been registered with the Norwegian Register of Business Enterprises, and is available on the Company's web site together with the original prospectus for the Share Issue (the "Original Prospectus"): https://www.interoil.no/?page_id=5469 Applications already received in the Share Issue will be adjusted in accordance with the new terms without the need to submit a new application. Further details are provided in the Supplemental Prospectus. The Share Issue remains directed towards Norwegian retail and institutional investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. Norwegian investors with access to VPS investor services may also access the Original Prospectus and the Supplemental Prospectus and submit applications online by using the following link: https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?ISIN=XL0010024772&TSted=000VP&Sig=d440afac9e282bab27d43d27f905c86cdc4f78f933940c6808ca09e7c2dc9caa Allocations of shares in the Share Issue will be made at the discretion of the Company's Board of Directors and the completion of the Share Issue is conditional upon approval by the Company's Board of Directors. Further information regarding the Share Issue and the terms thereof, is included in the Prospectus and the Supplemental Prospectus. The right to withdrawal as described in the Supplemental Prospectus will expire at 16:30 (CEST) on 22 April 2021. Important Notice The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State. Please direct any further questions to: ir@interoil.no. This announcement has been published by Mr. Geir Arne Drangeid (Partner and Senior Advisor, First House AS) at 13:20 CEST on 20 April 2021. This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act. Attachments IOX - Supplemental National Prospectus IOX - Application Form
Diners got used to delivery during the pandemic, and the habit may stick long after dining rooms reopen. But restaurants and delivery companies remain uneasy partners, haggling over fees and struggling to make the service profitable for themselves and each other. Companies like DoorDash and UberEats helped many restaurants stay in business during lockdowns, allowing diners to stay in and still order out. But that convenience came at a price: Delivery companies can charge commission fees of 30% or more per order, hurting restaurants’ already meagre profits. Some restaurants, fed up with the fees, have since started their own delivery or dropped off the platforms altogether. Delivery companies are trying to keep them in the fold with lower-priced services and relief funds. But they’re not making money either. “The relationship was bad, and it didn’t get better with the pandemic,” said Karan Girotra, a professor at Cornell University’s Johnson College of Business. Girotra said delivery can be profitable in dense neighbourhoods, where multiple orders can be delivered quickly and cheaply. But in sprawling suburbs, the cost of shuttling food gets too high. “The economics don’t work out, so the delivery companies have to squeeze someone,” he said. “They have to squeeze the restaurants, the customers or the people working on these platforms.” Figuring out how to make delivery profitable could be crucial in the coming years. Delivery was already growing before the pandemic, but it surged worldwide during lockdowns. Online orders for home delivery more than doubled in the U.S., Russia and Canada last year, and jumped around 30% in France, Germany and Spain, according to NPD Group, a market research company. In a recent survey, the National Restaurant Association found that 60% of U.S. adults — and 71% of millennials — said they’re more likely to get delivery now than they were before the pandemic. But it's unclear how many people will stick to delivery once the pandemic is over and they can dine in again. Robbin Swaney, a retiree in Walker, Michigan, said she and her husband started getting delivery about once a week from Uber Eats early in the pandemic. At the time, they wanted to help local restaurants, but they have also come to like the convenience. “We’ll keep doing it,” Swaney said. Some restaurant owners still welcome delivery companies as partners. Corey Kaplan, who owns Corey’s NYC Bagel Deli in downtown Chicago, said DoorDash expanded his reach when his usual traffic of office workers dried up. The company lowered his commission fees and even provided bags. “DoorDash singlehandedly saved this store,” said Kaplan, whose delivery orders now make up 70% of his sales, up from 20% before the pandemic. Chocolate maker Jeffray Gardner says he probably loses money on the one or two delivery orders he gets each day at Marsatta Chocolate in Torrance, California. But he’s still happy to work with delivery companies because they help him reach a wider audience. Last year, he even drove for DoorDash and UberEats to make extra cash and meet other local restaurant owners who might stock his chocolates. But many restaurant owners say they can’t make the math work. Evelyn Shelton, the chef-owner of Evelyn’s Food Love in Chicago, says the food she makes in her 40-seat restaurant, like fried lobster, is expensive, so her margins are already slim. She only briefly tried third-party delivery before deciding to focus on catering to survive the pandemic. “Doing a revenue share with someone who hasn’t bought any food or paid any labour doesn’t make sense to me,” she said. “We’re too tiny to give away all the profits.” Many U.S. and Canadian lawmakers agree, and temporarily capped the fees delivery companies can charge to restaurants during the pandemic. DoorDash said it lost $36 million in the fourth quarter alone because of fee caps in 73 cities, counties and states like Washington and Oregon. Kevin Huang, vice-president of merchant operations at San Francisco-based DoorDash, said he understands the impulse to protect restaurants. But if DoorDash charges diners more to make up for the lost revenue, then fewer people will order. That hurts restaurants and the gig workers who drive for DoorDash, he said. Huang says the relationship between restaurants and delivery companies is frayed partly because delivery grew so quickly during the pandemic. “Overnight they were forced to rely on delivery in order to stay open,” he said. “There were probably things lost in terms of how our business works and how our pricing structure works.” Huang said the company is trying to build trust. It’s making more in-person visits to restaurants to educate them about their options, like building their own websites so they can bypass some DoorDash fees. Uber Eats said it’s experimenting with new pricing tiers. It has a light plan — with a 5% commission fee — that lets restaurants use their own drivers, for example. A premium plan, with a 20% commission fee, gives restaurants more visibility on the app and access to Uber Eats drivers. But delivery costs money, and the companies are under pressure to start showing profits. DoorDash and Uber Eats both lost money last year, even though their sales more than tripled. European rivals Deliveroo and Just Eat Takeaway.com — which recently acquired U.S. delivery company Grubhub — also lost money last year. “If those guys can’t turn a profit, it shows how broken the system is,” said Josh Saltzman, the co-founder of Ivy and Coney, a restaurant and bar in Washington. Last May, Saltzman formed D.C. To-GoGo, a delivery service for independent restaurants. D.C. To-GoGo now has 62 restaurants and 20 delivery drivers who make an average of $18 to $28 per hour, including tips, Saltzman said. The site charges restaurants a 15% commission. Others are trying to band restaurants together. The Restaurant Empowerment Project, which was founded late last year by Oakland, California-based entrepreneur Sheng Xie, aims to give independent restaurants the same power to negotiate delivery commissions as big chains like McDonald’s and Starbucks. Xie said 700 restaurants have already signed on. “Food delivery is here to stay,” Xie said. “But a lot of restaurants are very scared right now. They fear going back to normal, paying 30% or more and having no choice but to use these apps.” After an unprecedented year, many restaurants are somewhere in the middle. Philadelphia restaurant owner Aaron Anderson thinks delivery fees are too high. But he also sees some value in delivery companies, which can help restaurants test new concepts. Anderson, who operates four Original Hot Dog Factory locations, started a delivery-only brand late last year called Chef Big Rube’s Kitchen. It’s been so popular that Anderson will soon open a physical restaurant. He hopes it will be packed with patrons who aren’t getting delivery. “Once things open back up, a lot of people are not going to be using the delivery apps, and that gives us the leverage to negotiate those fees,” he said. “Right now, we don’t have that leverage.” ___ On Twitter, follow @deeanndurbin_ap. Dee-Ann Durbin, The Associated Press
U.S. stock index futures dipped on Tuesday as investors turned to results from Netflix and other major technology-related companies this week to sustain the positive start to the earnings season. Streaming service provider Netflix that thrived during last year's lockdowns will be the first among the FAANG group to report quarterly numbers. International Business Machines Corp rose 2.6% as it recorded highest quarterly sales growth in more than two years, boosted by its bets on the high-margin cloud computing business.
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