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Day: July 20, 2022

Bath & Body Works Updates Second Quarter And Full Year 2022 Guidance

COLUMBUS, Ohio, July 20, 2022 (GLOBE NEWSWIRE) — Bath & Body Works, Inc. (NYSE: BBWI) today updated its second quarter and full year 2022 guidance. Sarah Nash, Executive Chair and Interim Chief Executive Officer, said, “Our business continues to perform at levels significantly above pre-pandemic, although we are navigating a challenging operating and macroeconomic environment with inflationary pressure affecting our customers and our business. Our team is executing well, and our agility and clean inventory position allow the company to effectively adapt to changing consumer demand and preferences. We will continue to leverage our vertically integrated supply chain to mitigate risk and chase winners. We are focused on driving improved merchandise margins and pursuing aggressive options to control costs and combat inflationary...

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Alvotech Initiates a Pharmacokinetic Study for AVT03, a Proposed Biosimilar for Prolia® and Xgeva®

Prolia® and Xgeva® (denosumab) are indicated for the treatment of bone disease, with combined sales of nearly US$5.3 billion in 2021 AVT03 (denosumab) is the 4th product in Alvotech’s portfolio to enter clinical studiesREYKJAVIK, ICELAND (July 20, 2022) – Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, announced today the initiation of a pharmacokinetic study for AVT03 (denosumab), a biosimilar candidate to Prolia® and Xgeva®. The clinical study will assess the pharmacokinetics, safety and tolerability of AVT03 compared to Prolia® in healthy adult male subjects. Prolia® (denosumab) is indicated for the treatment of osteoporosis in postmenopausal women and for bone loss in adult men and women at increased risk of fracture. Xgeva® (denosumab),...

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Alvotech Initiates a Pharmacokinetic Study for AVT03, a Proposed Biosimilar for Prolia® and Xgeva®

Prolia® and Xgeva® (denosumab) are indicated for the treatment of bone disease, with combined sales of nearly US$5.3 billion in 2021AVT03 (denosumab) is the 4th product in Alvotech’s portfolio to enter clinical studiesREYKJAVIK, Iceland, July 20, 2022 (GLOBE NEWSWIRE) — Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, announced today the initiation of a pharmacokinetic study for AVT03 (denosumab), a biosimilar candidate to Prolia® and Xgeva®. The clinical study will assess the pharmacokinetics, safety and tolerability of AVT03 compared to Prolia® in healthy adult male subjects. Prolia® (denosumab) is indicated for the treatment of osteoporosis in postmenopausal women and for bone loss in adult men and women at increased risk of...

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Volkswagen’s CARIAD and STMicroelectronics to co-develop chip for software-defined vehicles

T4470A — Jul 20 2022 — CARIAD_STMicroelectronics_Co-Development CARIAD and STMicroelectronicsT4470A — Jul 20 2022 — CARIAD and ST Supply chain_Infographic CARIAD and Volkswagen Group aim to establish industry-leading supply chain model for automotive semiconductorsVolkswagen’s CARIAD and STMicroelectronics to co-develop chip for software-defined vehiclesNew cooperation model: CARIAD and Volkswagen Group will enter into direct relationships with semiconductor suppliers at Tier 2 and Tier 3-level for the first time. Securing Tier 3 supply: CARIAD, TSMC, and ST plan that TSMC will manufacture the system-on-chip wafers for STMicroelectronics (ST). Innovative basis: The new co-developed system-on-chip (SoC) aims to complement ST’s high-performance Stellar microcontroller family. Efficiency boost: The perfectly...

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Automotive Headrest Market Size to Hit USD 15.95 Billion by 2029 | Exhibit a CAGR of 5.7%

Increasing Demand for Electric & Luxury Cars to boost the growth of Global Automotive Headrest Market: Fortune Business Insights Pune, India, July 20, 2022 (GLOBE NEWSWIRE) — Automotive Headrest Market size is projected to reach USD 15.95 billion in 2029, at a CAGR of 5.7% during the forecast period. The global Automotive Headrest market size was USD 9.57 billion in 2021. Automotive Headrest market is projected to rise during the forecast period due to rising sales of luxury and electric vehicles in developed countries. This information is published by Fortune Business Insights™ in a report, titled, “Automotive Headrest Market, 2022-2029.” Halted Manufacturing Units Hampered the Market Growth The outbreak of COVID-19 pandemic hampered the market growth of automotive headrest due to the sudden closure of manufacturing units...

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EV Technology Group Signs Definitive Agreement to Acquire up to 100% of MOKE International to Rapidly Expand the Iconic British Brand

EV TECHNOLOGY GROUP EV TECHNOLOGY GROUP SIGNS DEFINITIVE AGREEMENT TO ACQUIRE UP TO 100% OF MOKE INTERNATIONAL TO RAPIDLY EXPAND THE ICONIC BRITISH BRANDTransaction Highlights:EV Technology Group has agreed to acquire a further 50% of MOKE InternationalThe transaction is valued at US$55.1 million EV Technology Group’s resultant shareholding of MOKE International will be ~67.6% following the Acquisition and will maintain an option to acquire the remaining shares of MOKE International, up to 100%The MOKE brand is a global icon, established in 1964 with historical sales of approximately 50,000 vehiclesThe MOKE is an iconic car, first made famous by the likes of James Bond and Brigitte Bardot, and became popular in destinations including the South of France, Australia, and the Caribbean. It is an ideal investment for EV Technology...

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Nasdaq Reports Second Quarter 2022 Results; Continues Strong Growth in Solutions Segments Revenue

NEW YORK, July 20, 2022 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the second quarter of 2022.Second quarter 2022 net revenues1 increased 6% compared to the second quarter of 2021. Solutions segments2 revenues increased 10%, including 12% organic growth, partially offset by a negative 2% FX impact. Annualized Recurring Revenue (ARR)3 increased 9% compared to the second quarter of 2021. Annualized SaaS revenues increased 12% and represented 35% of ARR. Second quarter 2022 GAAP diluted earnings per share decreased 10% compared to the second quarter of 2021 primarily due to a gain on a divestiture in the prior year period. Second quarter 2022 non-GAAP4 diluted earnings per share increased 9% compared to the second quarter of 2021. During the first six months of 2022, the company returned...

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FTI Consulting’s Technology Segment Launches Digital Advertising and Consent Management Privacy Solutions

WASHINGTON, July 20, 2022 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s Technology segment has launched a new suite of solutions within its Information Governance, Privacy & Security (“IGP&S”) practice to address the growing risks at the intersection of digital advertising and data privacy regulation. FTI Technology’s integrated suite of Advertising Technology (“AdTech”) Privacy solutions will help clients navigate emerging data privacy challenges in digital advertising and online consent management. The digital economy continues to grow at a rapid pace, driving significant spending in online advertising. The Interactive Advertising Bureau Internet Advertising Revenue Report: Full Year 2021 reported that digital advertising revenue increased by more than 35%, totaling $189 billion...

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Abeona Therapeutics Regains Compliance with Nasdaq Listing Requirements

NEW YORK and CLEVELAND, July 20, 2022 (GLOBE NEWSWIRE) — Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced that it received notice from The Nasdaq Stock Market LLC (Nasdaq) on July 19, 2022 informing Abeona that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing on The Nasdaq Capital Market. In order to regain compliance with the Rule, the Company’s common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. That requirement was met on July 18, 2022. About Abeona Therapeutics Abeona Therapeutics Inc. is a clinical-stage biopharmaceutical company developing cell and gene therapies for serious diseases. Abeona’s lead clinical program is EB-101, its investigational autologous,...

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Natural Gas Services Group Announces Commitment to Electrification of Compression Fleet

Midland, July 20, 2022 (GLOBE NEWSWIRE) — – Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression technology to the energy industry, announced today, as a component of its ongoing commitment to environmental stewardship and to become a leader in energy transition efforts, a program to convert up to 100 compressor packages from combustible gas engines to electric motors over the course of the next three-to-six months. The initial conversions will focus on repurposing existing compression packages in the 200-250 horsepower range where the Company believes there is significant demand for electric units. “As we position NGS to become a leader in the energy transition, we are excited to become one of the first public compression companies to commit...

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