Author: News Room

In a series of transactions this week, Novo Holdings A/S, a significant shareholder in Spruce Biosciences, Inc. (NASDAQ:SPRB), has sold a substantial number of shares, amounting to over $1.35 million. The transactions took place over three consecutive days and involved the sale of common stock at varying prices. On March 18, 2024, Novo Holdings A/S began the series of sales, disposing of 842,020 shares at an average price of $0.7684. This was followed by a sale of 593,000 shares on March 19 at an average price of $0.755. The final sale occurred on March 20, with 359,979 shares sold at…

AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal Reserve held rates steady while maintaining their monetary policy outlook from last year, with 75 basis points (bps) of rate cuts in 2024. As the Asian session begins, the pair trades at 0.6595, up 0.14%. Aussie Dolar gains momentum amid the beginning of Asia session Wall Street…

Where many cryptocurrencies have taken a hit, Solana has shown resilience, which might become a foundation for an upcoming price reversal. Despite the overall downturn, Solana’s price performance has held relatively steady, suggesting the potential for a strong rebound soon. During the market’s downturn, Solana’s drop in value was not as steep as Ethereum’s, which lost 25% of its value from its local high. This relative strength hints at underlying support for Solana among its investors, which could fuel a more pronounced bullish reversal in comparison to other cryptocurrencies. The key support level for Solana appears to be around the…

Foremost Group CEO Angela Chao was intoxicated last month when she accidentally drove her Tesla X SUV in reverse over a wall into a pond on the Texas ranch she owned with her husband, billionaire venture capitalist Jim Breyer, according to a police report released Wednesday.Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle.That desperate effort is detailed in the new report, which concluded she died from an “unfortunate accident.”A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff’s Office said…

Negotiations to secure an immediate ceasefire in the war in Gaza tied to the release of hostages held by Hamas are “getting closer” to a deal, US Secretary of State Antony Blinken said Wednesday. “I think the gaps are narrowing, and I think an agreement is very much possible,” Blinken said in an interview with Al-Hadath in Jeddah, Saudi Arabia, according to a transcript released by the State Department. “We worked very hard with Qatar, with Egypt, and with Israel to put a strong proposal on the table. We did that; Hamas wouldn’t accept it. They came back with other requests, other demands. The negotiators…

Topline A civil lawsuit was filed Tuesday by Jonathan Majors’ ex-girlfriend Grace Jabbari, who alleges the former Marvel star physically abused her multiple times over nearly two years, the latest allegations after Majors was found guilty of assaulting Jabbari late last year. Key Facts Jabbari accused Majors of battery, assault, intentional infliction of emotional distress, malicious prosecution and defamation, after Majors allegedly subjected her to a “pattern of pervasive domestic abuse” from 2021 to 2023, according to the lawsuit. The lawsuit alleges Majors physically attacked Jabbari in July 2022 following months of “verbal assaults and frightening anger” by Majors, who…

Neuralink, Elon Musk’s neural technology company, revealed during a livestream on Wednesday that its first human patient to have received a brain-chip implant is a 29-year-old man who became a quadriplegic after a serious diving accident about eight years ago.The patient, Noland Arbaugh, said during the stream, which was cast on Musk’s social media company X, that the chip was “not perfect” but it had already added many improvements to his life, giving him the ability to play video games for hours on end without having to rely on his family members.”It’s not perfect. I would say we have run…

Meta, Microsoft, X, and Match say Apple hasn’t complied with a 2021 order over in-app purchases.The order was the result of a lawsuit brought by Epic Games, the maker of Fortnite.The four companies argue Apple’s solution fails to provide adequate alternative payment options. Pressure is mounting against Apple in its fight with Epic Games over app store payments.Meta, Microsoft, X, and Match filed a brief Wednesday that throws support behind Epic Games — the maker of Fortnite — in its dispute with Apple over in-app purchases.A 2021 ruling found that Apple wasn’t complying with competition laws because it restricted developers…

(Reuters) – A growing number of market players expect the Bank of Japan to hike interest rates in either July or October, though an October hike is considered more likely, as it would give the BOJ around half a year to evaluate the impact, newspaper reported on Thursday. The central bank ended eight years of negative interest rates on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. “Additional hikes are of course on the table,” a BOJ source told Nikkei. Market expectations on the timing of the next rate hike…

Kimbell Royalty Partners, LP (NYSE:) Controller Blayne Rhynsburger sold a total of 6,487 common units representing limited partner interests on March 19, 2024, for a total transaction value of approximately $101,197. The sale was executed at a price of $15.60 per share, according to a recent SEC filing. The transaction resulted in a reduction of Rhynsburger’s holdings in the company, leaving him with 55,164 common units following the sale. The shares sold by Rhynsburger were held directly, as indicated in the filing. Investors often monitor insider transactions such as these for insights into the perspectives of company executives and their…