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Day: February 8, 2024

Brookfield Corporation Reports Strong 2023 Results

Distributable Earnings of $4.8 billion and Net Income of $5.1 billion for the Year Quarterly Dividend Raised by 14% BROOKFIELD, NEWS, Feb. 08, 2024 (GLOBE NEWSWIRE) — Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the year ended December 31, 2023. Nick Goodman, President of Brookfield Corporation, said, “Our business had another excellent year in 2023 and we delivered strong financial results. Our asset management business saw very strong fundraising momentum, our insurance solutions business had a transformational year, and our operating businesses continued to demonstrate their resilience. These, combined with our access to multiple sources of capital, enabled us to execute a number of value acquisitions during the year.” He added, “We repurchased over $600 million of shares in 2023 and expect...

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Gabriel Holding A/S – first quarter of the 2023/24 financial year

Summary: Gabriel Holding maintains its expectations for the financial year after a first quarter with revenue and earnings realised at the upper end of the range of expectations. Selected financial ratios and comments:Growth was realised in the Group’s global fabric business in the quarter. As expected, there was a small decrease in revenue from the furniture upholstery units (FurnMaster) The Group’s total revenue was DKK 227.7 million (DKK 241.6 million) which was at the upper end of the range of expectations The expectations for the 2023/24 financial year are maintained after the first quarter Earnings before depreciation, amortisation and impairment losses (EBITDA) were realised at DKK 15.9 million (DKK 19.8 million) Operating profit (EBIT) was DKK 3.2 million (DKK 8.1 million) The result before tax was DKK -3.0 million (DKK 3.7 million) Cash...

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Prestige Consumer Healthcare Inc. Reports Third Quarter Fiscal 2024 Results

Revenue of $282.7 Million in Q3, Up 2.6% Versus Prior Year Diluted EPS of $1.06 in Q3, Up 2.2% Versus Prior Year Reduced Leverage Ratio to 2.9x at Quarter End Raising Full-Year Fiscal 2024 Earnings Outlook to Approximately $4.33TARRYTOWN, N.Y., Feb. 08, 2024 (GLOBE NEWSWIRE) — Prestige Consumer Healthcare Inc. (NYSE:PBH) today reported financial results for its third quarter and first nine months ended December 31, 2023. “We are pleased with our continued strong results that exceeded our revenue and earnings expectations for the quarter.   Solid revenue growth of nearly 3% was driven by our leading portfolio of brands and continued investment in our marketing playbook. This translated into cash flow and earnings growth driven by our proven financial model,” said Ron Lombardi, Chief Executive Officer of Prestige Consumer Healthcare. Third...

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Axalta Releases Fourth Quarter and Full Year 2023 Results

PHILADELPHIA, Feb. 08, 2024 (GLOBE NEWSWIRE) — Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 HighlightsNet sales increased 4.9% year-over-year to $1.3 billion Net income increased $30 million year-over-year to $74 million and Adjusted EBITDA increased $43 million year-over-year to $251 million Adjusted EBITDA margin improved 250 basis points year-over-year Cash provided by operating activities of $286 million and Free Cash Flow of $254 million Paid down $55 million of principal on term loan and refinanced 2025 senior notes extending maturity to 2031 Net Leverage Ratio of 2.9x, lowest in company history at year-endFourth Quarter 2023 Consolidated Financial Results Fourth quarter...

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Parsons Wins $48M Task Order for Army Command-and-Control System Integration

CHANTILLY, Va., Feb. 08, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $48 million task order on the U.S. Army’s Responsive Strategic Sourcing for Services (RS3) contract to support the software development lifecycle for command and control applications. The new contract will have a one-year base period with two one-year option periods and expands the company’s support to the U.S. Army’s RS3 mission.   “Our broad experience with systems and technology integration will be leveraged to support real-time situational awareness and decision support for the U.S. Army across the all-domain battlespace,” said Mike Kushin, president, Defense and Intelligence for Parsons. “For decades, our innovation has provided the critical interoperability, information assurance, training, and support,...

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NVIDIA H100 GPU cloud contract signed with AI company, poolside

SYDNEY, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of next-generation data centers powered by 100% renewable energy, today announces commencement of GPU cloud service with leading AI company, Poolside AI SAS (“poolside”). Key HighlightsNVIDIA H100 GPU cloud services agreement with leading AI company, poolside Contract secured following rigorous customer testing requirements Initial 3-month term and extension option for an additional 3 months at the customer’s electionIris Energy has executed a cloud service agreement with poolside for 248 NVIDIA H100 GPUs. The contract is for an initial 3-month term, with an extension option for an additional 3 months at the customer’s election. Poolside closed...

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BioNTech and Autolus Announce Strategic CAR-T Cell Therapy Collaboration to Advance Pipeline and Expand Late-Stage Programs 

Strategic alliance leverages manufacturing and commercial infrastructure as well as technology with the aim to advance both companies’ autologous CAR-T programs towards market, pending market authorization BioNTech secures the right to utilize Autolus’ manufacturing capacity in a cost-efficient set-up to accelerate the development of BNT211 into pivotal trials in CLDN6+ tumors BioNTech to support launch and expansion of development program of Autolus’ lead cell therapy candidate obe-cel and will receive a royalty on net sales BioNTech has co-commercialization options for Autolus’ AUTO1/22 and AUTO6NG programs BioNTech has the option to access a suite of Autolus target binders and cell programming technologies to support BioNTech’s development of in vivo cell therapy and antibody-drug conjugate candidates BioNTech agrees to invest $200...

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BioNTech and Autolus Announce Strategic CAR-T Cell Therapy Collaboration to Advance Pipeline and Expand Late-Stage Programs  

Strategic alliance leverages manufacturing and commercial infrastructure as well as technology with the aim to advance both companies’ autologous CAR-T programs towards market, pending market authorization BioNTech secures the right to utilize Autolus’ manufacturing capacity in a cost-efficient set-up to accelerate the development of BNT211 into pivotal trials in CLDN6+ tumors BioNTech to support launch and expansion of development program of Autolus’ lead cell therapy candidate obe-cel and will receive a royalty on net sales BioNTech has co-commercialization options for Autolus’ AUTO1/22 and AUTO6NG programs BioNTech has the option to access a suite of Autolus target binders and cell programming technologies to support BioNTech’s development of in vivo cell therapy and antibody-drug conjugate candidates BioNTech agrees to invest $200...

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Golden Triangle Ventures Activates Phase One of Destino Ranch Development, an Immersive Entertainment Venue, Through Its Entertainment Division

LAS VEGAS, Feb. 08, 2024 (GLOBE NEWSWIRE) — via IBN — Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) has officially activated the first phase of development for the Destino Ranch Project through the execution of a land use and development agreement that provides exclusive rights to use and operate on the property. The agreement will allow for the full development of phase one of the project, which will include:Site Event Plans and Permitting Site Prep and Clean Out Staff Infrastructure and Housing Temporary Power Grid Event Features and InfrastructureThe initial 68 acres were identified for the first phase of the project due to the approximately $3,000,000 in substantial infrastructure upgrades that have been invested into the property. These upgrades include:Special Event Permits Graded Roads Fencing Storage Septic Solar Landscaping/Hardscaping Water...

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Genenta Demonstrated Reprogramming of the Tumor Microenvironment in GBM Patients, Paving the Way for Innovative Treatments of Solid Tumors

Based on Preliminary Data from Ongoing Dose Ranging Stage of the Phase 1/2 Clinical Trial MILAN, Italy and NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) — Genenta Science (NASDAQ: GNTA), a clinical-stage immuno-oncology (I/O) company developing a cell-based platform harnessing the power of hematopoietic stem cells to provide durable and safe treatments for solid tumors, today announced that: We have successfully dosed the first of three patients in Cohort 8 (Temferon™ at 4×10^6/kg), the last cohort of the Phase 1 dose-ranging part of the Phase 1/2 clinical trial in newly diagnosed uMGMT Glioblastoma Multiforme (TEM-GBM) patients. The second patient has been enrolled and the treatment is planned.Thus far, the preliminary data indicate no dose-limiting toxicities related to Temferon have been detected in any of 22 treated...

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