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Whoa, folks, hold onto your hats because Sarepta Therapeutics ($SRPT) is making some serious waves in the market today! As of this writing, the stock is skyrocketing, up as much as 41% in pre-market trading, and it’s not hard to see why. The biotech world is buzzing with news about Sarepta’s big moves—a major restructuring, … Read more
It’s been three years since Jane Fraser unveiled her strategic vision for Citi and, during that time, the CEO has come under significant criticism for her overhaul of the country’s third biggest bank. But a Bank of America analyst thinks Fraser is giving the bank a shot at becoming competitive, according to a June 26 … Read more
As cable television continues to experience stagnation, with the trend of cord-cutting growing stronger each year, Warner Bros. Discovery (WBD) is adapting to the evolving media landscape by separating its streaming and cable operations. This landmark decision aims to maximize the potential of both businesses, according to WBD. The company announced Monday its plan to split … Read more
Delaware’s attorney general is hiring an investment bank to advise on OpenAI’s for-profit conversion, the Wall Street Journal reported on Wednesday. The independent evaluation could prolong the transition, or gum up OpenAI’s plans even further. OpenAI’s conversion will help it attract new investment and eventually go public, but first, the startup needs to secure approvals … Read more
Key Takeaways Movement Labs has terminated co-founder Rushi Manche amid controversies and plans a new leadership structure. The MOVE token price plummeted following governance issues and is facing delisting from Coinbase. Share this article Movement Labs has terminated Rushi Manche, the project’s CEO and co-founder, amid a leadership overhaul following recent controversies and a Coinbase … Read more
OpenAI said on Monday it is pursuing a new restructuring plan after conversations with Delaware and California’s attorneys general, both of whom were closely watching as OpenAI tried to break free of its odd corporate structure. Currently, OpenAI’s nonprofit board governs the organization’s for-profit operations. Under the new plan, OpenAI’s for-profit arm will become a … Read more
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Late last year, Bell, Blackwell, and Aguilar decided to dust off the old playbook. They commissioned a legal memo that reiterated the power of the attorney general over the irrevocable status of charitable funds and called up their contacts to form a coalition of what is now over 50 community organizations working together to try … Read more
As the market continues to navigate through uncertain times, Leggett & Platt, Inc. (NYSE: LEG), a leading manufacturer and distributor of furniture and engineered components, has seen significant gains in recent days. The company’s stock price surged by 24.55% on April 29th, following its Q1 2025 earnings report. Restructuring Efforts Pay Off Leggett & Platt … Read more
Nissan warned it will post a net loss of as much as ¥750 billion ($5.3 billion) for the fiscal year that ended in March — a record annual deficit — as restructuring charges weigh on the struggling Japanese carmaker. With an aging lineup, Nissan has been discounting its cars in order to avoid building up … Read more
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