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Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
(Bloomberg) -- A wildfire that jumped across California’s famed Napa Valley forced the evacuation of a wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco reached more than 42,500 acres as of Tuesday morning, nearly quadrupling in size over 24 hours, and is 0% contained, according to the California Department of Forestry and Fire Protection, or Cal Fire. A second fire that erupted in Shasta County has killed at least three people.The blazes broke out after a weekend of hot weather with dry winds in Northern California, which has already been buffeted by a record wildfire season. The gusts have now faded in that region but are gaining strength in the southern part of the state. Officials on Monday and Tuesday began deploying firefighters and equipment to Southern California in hopes of quickly stopping any...
The first rule that applies to healthcare developers is: "do not mess with the FDA." Case in point: Shares of vaccine maker Inovio (INO) crashed by 33% over the past two trading sessions, as a result of the FDA halting the planned Phase 2/3 clinical trial of its DNA COVID-19 vaccine candidate INO-4800.The study has been put on hold, with the FDA citing the need for more questions regarding the trial. Inovio stated it will address the questions in October, following which, the FDA has 30 days to decide whether the trial can go ahead.Inovio’s shares have been subject to extreme price swings since the company joined the race to develop a coronavirus vaccine. However, after soaring by 860% in the first half of the year, the share price has pulled back significantly. Since closing at $31.69 on June 29, the stock has shed 64% of its value, as concerns it...
General Motors Co. (NYSE: GM) and embattled electric truck startup Nikola Corp. (NASDAQ: NKLA) will not close on a manufacturing partnership by Wednesday as the two companies predicted earlier this month."Our transaction with Nikola has not closed," GM said in a statement provided to FreightWaves on Tuesday. "We are continuing our discussions with Nikola and will provide further updates when appropriate or required."A joint Nikola-GM press release on Sept. 8 said, "The parties anticipate closing the transaction prior to Sept. 30, 2020."But in a text Tuesday, a Nikola spokeswoman wrote, "Both teams are still working."The deal, under which GM would take an 11% stake in Nikola in exchange for providing the platform for the Nikola Badger, was valued at $2 billion. GM also expected to supply batteries and the fuel cell system for Class 7-8 heavy-duty trucks Nikola planned at a plant in Coolidge, Arizona.A battery-electric version of the Nikola Tre...
Walmart Canada has more than tripled its order for Tesla Semi trucks in a show of confidence for the all-electric heavy-duty vehicles and the ability of its maker to deliver them. The Canadian division of retailer Walmart, Inc. (NYSE: WMT) said Tuesday it reserved 130 of the trucks. Once in service, Walmart will have one of the biggest electric truck fleets in Canada as part of a companywide goal to achieve zero emissions by 2040. "I'm excited to have my drivers drive this truck," Francis Lalonde, Walmart Canada's vice president for transportation, told FreightWaves.Walmart Canada expects to get its Teslas in 2021. Lalonde wouldn't detail the delivery schedule, but said the company has full confidence in Tesla Inc. (NASDAQ: TSLA) ability to deliver them."We trust our partner," he said. The Teslas will operate within Canada as part of Walmart's private fleet of around 300 trucks with about 500 drivers. Their 500-mile range provides a...
Final Court Decision Has Not Been GivenNEW YORK and TORONTO, Sept. 29, 2020 /CNW/ - iAnthus Capital Holdings, Inc....
