Recent Articles from Business Wire

Ostia Sciences Inc., a microbiome therapeutics company developing next-generation probiotics, today announced the successful close of its seed financing round, raising CAD $1.46 million as of December 31, 2024.

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AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The People’s Insurance Company of China (Hong Kong), Limited (PICC HK) (Hong Kong).

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will issue its second quarter 2025 financial results on Friday, August 1, 2025. The results will be discussed during a live webcast that day beginning at 8:30 a.m. EDT. To access the webcast, investors should go to investors.oshkoshcorp.com approximately 15 minutes prior to the event. Slides for the webcast will be available on the website the morning of August 1.

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Panmnesia has released a technical report titled “Compute Can’t Handle the Truth: Why Communication Tax Prioritizes Memory and Interconnects in Modern AI Infrastructure.” In this report, Panmnesia outlines the trends in modern AI models, the limitations of current AI infrastructure in handling them, and how emerging memory and interconnect technologies—including Compute Express Link (CXL), NVLink, Ultra Accelerator Link (UALink), and High Bandwidth Memory (HBM)—can be leveraged to improve AI infrastructure.

Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it will release its second quarter 2025 results on Tuesday, August 5, 2025, after the close of the market. Acadia will conduct a conference call with institutional investors and analysts at 9:00 a.m. ET on Wednesday, August 6, 2025. A live broadcast of the conference call will be available at www.acadiahealthcare.com in the “Investors” section of the website. The webcast of the conference call will be available for 30 days.

AM Best will host a complimentary webinar, titled, “How Increasingly Risky Driving Behavior Is Impacting Auto Insurers,” sponsored by Nationwide, on Tuesday, Aug. 5, 2025, at 2:00 p.m. (EDT). Register today.

In its July issue, Best’s Review reports on the issues that insurance accountants are facing, such as the ongoing remediation and implementation of IFRS 17. Staffing issues within the insurance industry have led to gaps that technology can’t bridge as of today, according to Joe Kowalczyk, managing partner of Crowe LLP’s insurance services. Additionally, insurers are depending on accountants to make sure new and updated tech platforms have the right controls in place, particularly around cyber and artificial intelligence. Read the article here.

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The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors today declared a quarterly cash dividend of $0.5075 per share payable on August 15, 2025, to shareowners of record as of the close of business on July 31, 2025.

Jesta I.S., a pioneer in the development of enterprise ERP software suites for brand manufacturers, wholesalers and omnichannel retailers, has announced the launch of its dynamic new customer care and intelligence platform leveraging Zendesk’s AI-driven service technology. The strategic move is part of Jesta’s ongoing commitment to delivering frictionless care to its growing client base in the fashion, apparel, footwear and hard goods industries.

Wedgewood is excited to announce the expansion and evolution of its Veterinary Advisory Committee to reflect the company’s continued growth and leadership in the veterinary community. As part of this transformation, the company welcomes new members to both the Strategic Veterinary Council and the Specialists Customer Council. These additions are intended to bring fresh perspectives and ensure Wedgewood remains deeply connected to both emerging trends and frontline clinical practice.

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Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced it has again been recognized as “Best Place to Work for Disability Inclusion” as a top scorer in the 2025 Disability Index® by Disability:IN, the leading global nonprofit for business disability inclusion. Avangrid earned a top score on the Index, reflecting its commitment to promoting disability inclusion and fostering an environment where all employees are empowered and supported for lasting success. Disability Index is the world’s most comprehensive benchmarking tool for companies to measure disability workplace inclusion inside their organization and to assess performance across industry sectors.

Wolters Kluwer Legal & Regulatory U.S. will host a future-facing AI Lab during the upcoming 2025 American Association of Law Libraries Annual Meeting and Conference in Portland, OR. Legal researchers can register here for the opportunity to gain an exclusive preview of VitalLaw AI innovations in early development, share feedback, and directly influence the evolution of Wolters Kluwer’s innovative solutions.

TerSera Therapeutics LLC, a biopharmaceutical company with a focus in oncology, rare disease, and non-opioid pain management, announced today that its collaborative research on intrathecal ziconotide (PRIALT®) prescribing patterns has been accepted for presentation at the 7th Annual Meeting of the American Society of Pain and Neuroscience (ASPN) taking place July 17-20, 2025, in Miami, Florida. The poster will be presented by the primary author, Tolga Suvar, M.D., Assistant Professor, Department of Anesthesiology and Pain Medicine, and Attending Physician at Rush University Pain Center in Chicago, IL. A copy of the poster is available here.

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb+” (Good) and affirmed the Financial Strength Rating of B++ (Good) of Cowen Reinsurance S.A. (Cowen Re) (Luxembourg). In addition, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that tennis legend, musician, philanthropist, pop culture icon, and #1 New York Times bestselling author John McEnroe will serve as the keynote speaker at its annual Excellence in Insurance conference. The event will take place October 29-31 in Carlsbad, California, bringing together top insurance and MGA executives, thought leaders, and innovators from across the property and casualty industry.

AM Best has assigned a Financial Strength Rating of B++ (Good), a Long-Term Issuer Credit Rating of “bbb” (Good) and a Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to Military Insurance Corporation (MIC) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is stable.

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Perficient, the global consultancy transforming the world’s most innovative enterprises through AI-first solutions, today announced the appointment of Rajesh Mehta as Chief Financial Officer (CFO), effective immediately. Mehta succeeds longtime CFO Paul Martin, who will retire and remain in a consulting role to support the transition.

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Rincon Broadcasting Group (Rincon) announced today the completion of its acquisition of seven television stations across Washington, Oregon, Arizona, Oklahoma, and Tennessee from Imagicomm Communications and its affiliates. The stations include:

Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced final results of its previously announced concurrent offers (collectively, the “Tender/Exchange Offer” or the “Offer”) to exchange or to purchase, at the election of each holder, its outstanding 8.50% Senior Notes due 2026 (the “Old Notes”), as set forth in the Offer to Purchase/Exchange, dated as of June 17, 2025 (as amended or supplemented from time to time, the “Offer to Purchase/Exchange”), which trade on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “GREEL.” The Tender/Exchange Offer expired at 12:00 a.m., New York City time, on July 18, 2025 (the “Expiration Date”). Capitalized terms use herein and otherwise undefined have the meaning ascribed to them in the Offer to Purchase/Exchange.

KBRA releases research on recent developments in federal student loan default collection policies and their likely impact on securitized consumer credit fundamentals.

Capstone Green Energy Holdings, Inc. (the "Company” or “Capstone”) (OTCID: CGEH) and Capstone Green Energy, LLC, announced a new order for a natural gas-fueled Capstone C600 Signature Series microturbine to be installed at a packaging manufacturing facility in Mexico. The order was secured by DTC Machinery, Capstone’s exclusive distributor for Mexico, Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panamá.

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AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is stable.

EstrellaTV, the multiplatform Spanish-language network owned by MediaCo Holding Inc. (Nasdaq: MDIA), proudly announces the return of Tigres and Tigres Femenil home matches to EstrellaTV for multiple years. Additionally, EstrellaTV is thrilled to add Juarez and Juarez Femenil home matches to significantly boost its Liga MX coverage to fans also for multiple years. Coverage will span across EstrellaTV Television and streaming on all platforms including the EstrellaTV app and will also feature the network’s pre-, half-, and post-game shows.

UBS Global Wealth Management US announced that Christopher Brolly has joined the firm as a Financial Advisor. He joins the UBS Greater New England Market, led by Market Executive James Ducey, and will report to Boston Wealth Management Senior Market Director Robert Covino.

Amazfit, a leading global smart wearables brand owned by Zepp Health (NYSE: ZEPP), announced Baltimore Ravens running back Derrick Henry as the newest elite athlete to join its growing roster of ambassadors. Known for his rare combination of speed and strength, Henry will utilize Amazfit wearables to power every phase of his training, recovery and sleep as he prepares for his 10th NFL season.

Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2025 financial results at 5:00 p.m. Eastern Time on Thursday, July 24, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com.

Qualcomm Incorporated (NASDAQ: QCOM) today announced a quarterly cash dividend of $0.89 per common share, payable on September 25, 2025, to stockholders of record at the close of business on September 4, 2025.

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE” or “Allied”), a global experiential entertainment company, is proud to announce its participation in the investment of The Angry Birds Movie 3 production through Flywheel Media, a film production company creating movies that entertain and inspire audiences globally. This marks an exciting milestone for Allied as it continues to support globally recognized franchises that bridge storytelling, gaming, and cultural influence.

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on August 15, 2025, to shareholders of record as of July 31, 2025.

BroadStreet Partners (“BroadStreet” or the “Company”) today announced the successful closing of a strategic investment by an investor group led by Ethos Capital (“Ethos”), British Columbia Investment Management Corporation (“BCI”), and White Mountains Insurance Group, Ltd. (“White Mountains”), marking a significant milestone in the Company’s growth trajectory. Accounts advised by T. Rowe Price Investment Management, Inc. also participated. Ontario Teachers’ Pension Plan (“Ontario Teachers’”) will retain a significant co-control stake and continue its partnership with the Ethos-led investor group.

HealthEdge®, through its Corporate Social Responsibility (CSR) initiative, in continued partnership with United Way of Hyderabad, has announced the successful transformation of the Government Higher Primary School (GHPS) in Dinnahalli, Karnataka. This achievement marks another significant milestone in the partnership between HealthEdge and United Way of Hyderabad, and their nationwide School Transformation Program aimed at improving educational access and infrastructure in under-resourced communities across India.

Morgan Stanley Wealth Management today announced the results of its quarterly retail investor pulse survey:

Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, will release its second quarter earnings before the opening of the New York Stock Exchange on Friday, August 1, 2025. A teleconference hosted by Insperity’s management will be held at 8:30 a.m. ET to discuss the quarter and business trends. Investors, analysts, media and other interested persons may access the call at 877-545-0523, conference i.d. number 606106. The call will also be webcast live at http://ir.insperity.com. A replay of the conference call will be available at 877-481-4010, conference i.d. number 52722, for one week after the call. The webcast will be archived for one year. The conference call script and company guidance for the third quarter and full year 2025 will be posted to the Insperity Investor Relations website.

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that following the completion of the merger between Hess Corporation (“Hess”) and Chevron Corporation (“Chevron”), Hess Midstream’s general partner has appointed new members to its Board of Directors (the “Board”) and has appointed new executive officers. As a result of the merger, Chevron beneficially owns Hess’ approximately 37.8% interest in Hess Midstream on a consolidated basis.

NanoVibronix, Inc. (NASDAQ: NAOV) (“NanoVibronix” or the “Company”), a medical technology company specializing in therapeutic devices for enteral feeding, pain management and urological conditions, today announced it has entered into a definitive agreement with an institutional investor for the purchase and sale of 8,889 shares of Series H Convertible Preferred Stock (the “Preferred Stock”) with a total stated value of $8,888,889. The Preferred Stock is convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at an initial conversion price of $1.01, which such conversion price is equal to the closing price as reported on Nasdaq on the trading day immediately prior to signing of the definitive agreements and is subject to customary anti-dilution adjustments. The initial closing is expected to occur on or about July 21, 2025, subject to the satisfaction of customary closing conditions (the “Initial Closing”).

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World Kinect Corporation (NYSE: WKC) today announced the appointment of Greg Piper to the Board of Directors of the company.

Neogen Corporation (NASDAQ: NEOG), a global leader in food safety solutions, announced today it has completed the divestiture of its global cleaners and disinfectants business to Kersia Group for $130 million in cash at closing, plus contingent consideration tied to future performance of the business.

AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b-” (Marginal) from “bb-” (Fair) of Berking Re Limited (Berking Re) (Bermuda). Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).

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MultiBank Group, the world’s largest & most regulated financial derivatives institution, is proud to announce that its highly anticipated $MBG Token will be listed on two new major global cryptocurrency exchanges — MEXC and Gate.io — on the day of its official Token Generation Event (TGE), July 22, 2025, in addition to MultiBank.io and Uniswap.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sonim Technologies, Inc. (NASDAQ: SONM) to Social Mobile is fair to Sonim shareholders.

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Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today an 11.3% year-on-year (YoY) increase in passenger traffic in June 2025.

MEI Pharma, Inc. (Nasdaq: MEIP) (the “Company” or “MEI”) today announced that it has entered into securities purchase agreements for a private investment in public equity (PIPE) for the purchase and sale of 29,239,767 shares of common stock (or pre-funded warrants in lieu thereof) at a price of $3.42 per share, for expected aggregate gross proceeds of approximately $100 million, before deducting placement agent fees and other estimated offering expenses. In connection with the closing of the transaction, MEI will appoint Charlie Lee to its Board of Directors (at which time current member Taheer Datoo will resign) and GSR as its digital asset and treasury management advisor to oversee the implementation of its Litecoin Treasury Strategy.

The Campbell's Company (NASDAQ:CPB) today announced that the company’s Board of Directors has elected Mary Alice Dorrance Malone Jr. as a member of the Board. Malone, 42, is the Founder and Chief Brand Director of Malone Souliers, an international luxury fashion brand.

Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world and a high cash margin production profile. In addition, on July 17, 2025, the Federal Trade Commission (FTC) lifted its earlier restriction, clearing the way for John Hess to join Chevron’s Board of Directors, subject to Board approval.

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ProBuilt Software today announced licensing access to its patent-pending floating forms and data stacking architecture — a radical departure from the one-page-at-a-time (OPAT) model that has dominated cloud software for over 25 years.

AMGiNE, corporate travel’s trusted AI partner, today announced it is gaining significant traction in the market as travel management companies (TMCs) accelerate their adoption of its AI-powered platform. The company has recently expanded its deployments with TMCs such as MGME, Travel Incorporated, and Atlas Travel. After running an active pilot for four months, BCD Travel has also just signed a commercial agreement with AMGiNE. The company’s momentum with customers coincides with the rebranding of its platform as The AMGiNE Experience; and the launch of JENi, a powerful new agentic AI module that enables traveler self-service.

Pavilion Payments, the leading omnichannel payment solutions provider in the gaming industry, has acquired CasinoSoft, a trusted leader in Anti-Money Laundering (AML)/Title 31 compliance, automated tax form processing, jackpot handling, and regulatory reporting software. Together, they are building a unified solution that simplifies and modernizes gaming operations.

Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with portable, semiconductor-based ultrasound technology and intuitive software, announced that it will report second quarter 2025 financial results on August 1, 2025 before the market opens.

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UBS Global Wealth Management US today announced the appointment of Kathleen (Kathy) Ferraro, a seasoned executive with over three decades of experience, as the new Market Director for its Greenwich and Stamford, Connecticut offices. In this role, Kathy will be responsible for leading advisor development, elevating the client experience and advancing strategic growth across these key markets.

DreamPark, the creator of the world’s largest downloadable theme park, today opened a permanent DreamPark experience at West Canal Yards, a new waterfront redevelopment on Seattle's Ship Canal. The 25,000-square-foot free-roam augmented world offers real-life fun and adventure for adults and kids alike (ages 4+). By transforming everyday environments into immersive adventures through mixed reality, DreamPark aims to make the real world a playground.

CareDx, Inc. (Nasdaq: CDNA) – The Transplant Company™ – a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers – announced the release of a proposed draft Local Coverage Determination (LCD) related to molecular testing for solid organ allograft rejection. There is no change in current coverage and the draft LCD is open for comment through August 31, 2025.

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, plans to release its third quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Thursday, July 24, 2025. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary.

KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Lenox, a new community within the sought-after Park West master plan. The new community is situated in Perris, California, which blends cultural heritage, scenic views and a family friendly atmosphere. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Lenox at Park West offers a wide selection of one- and two-story floor plans that feature up to five bedrooms and three-and-a-half baths. Homeowners will appreciate the planned on-site amenities, which include a park with a children’s playground, dog park, walking paths and sports fields and courts.

lululemon (NASDAQ:LULU) continues to grow its international footprint with the upcoming launch of its first store in Italy, which will be opening in the heart of Milan’s iconic shopping district on Saturday, July 19, 2025. Located at Vittorio Emanuele II 24/28, the new store will introduce lululemon’s innovative athletic apparel and accessories to the Italian market, furthering the brand’s vision to unlock greater possibility and wellbeing for all.

Schrödinger, Inc. (Nasdaq: SDGR) today reported that on July 14, 2025, the company granted restricted stock units (RSUs) with respect to 3,488 shares of the company’s common stock to three newly hired employees. These grants were made pursuant to the company’s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation by the company’s board of directors, and were made as a material inducement to such employees’ acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced the name change of the WisdomTree Alternative Income Fund to the WisdomTree Private Credit and Alternative Income Fund (HYIN or “the Fund”). The Fund remains listed on the CBOE and has a total expense ratio of 4.32%. HYIN seeks to track the price and yield performance, before fees and expenses, of the Gapstow Private Credit and Alternative Income Index (GLACI)1.