Month: August 2022

Crypto winter is upon us, hitting both institutional and retail investors. In a Barron’s Live webinar on July 21, Financial News spoke with Charles Allen, chief executive of blockchain infrastructure firm BTCS, to discuss the lasting consequences of the crash, the role of regulators and what’s next for digital assets. This excerpt has been edited for clarity and brevity. What do you think about crypto cracking? It’s not just the crypto market. The whole economy, in general, is shaky. The backdrop of other issues is huge. When you look at crypto, it all started with dirt and the stablecoin algorithmic…

Ireland is considering a windfall energy tax in next month’s 2023 budget given the “significant profits” made by companies in the sector, Prime Minister Micheál Martin said. “The government will consider a number of issues and look into the question of an extraordinary tax,” he told reporters on Thursday, adding that companies in the energy sector were making “significant profits”. Compared to other EU countries, Ireland is less affected by the energy crisis that arose from Russia’s invasion of Ukraine, as it does not receive piped gas from mainland Europe. As such, a block-wide unit deactivation has recently been ensured…

WATERTOWN, Mass.–(BUSINESS THREAD)–SQZ Biotechnologies (NYSE: SQZ), focused on unlocking the full potential of cell therapies for multiple therapeutic areas, today reported second quarter 2022 financial results and recent portfolio updates. “We are excited about the significant progress in our clinical trials and also the receipt of FDA Fast Track designation for our APC clinical candidate in HPV16+ tumors,” said Armon Sharei, Ph.D., CEO and Founder of SQZ Biotechnologies. “We also highlighted progress in the development of our point-of-care manufacturing system that supports our long-term vision to enable broad accessibility of cell therapies. Finally, I am delighted with the addition of…

Malaysian sovereign wealth fund Khazanah Nasional has defended its decision not to make an early investment in Southeast Asian ride-hailing and food delivery super app Grab. Chief Investment Officer Azmil Zahruddin told CNBC that the fund’s investment strategy was to focus on large investments, not direct startup offerings. treasure I could not close a first deal to finance the Malaysian-founded Grab. Other investors, including Singaporean state investor Temasek, eventually took a stake in Grab and the public transport giant moved its headquarters to Singapore. The company raised $4.5 billion and listed on Nasdaq in late 2021 through a SPAC merger…

CHARLOTTE, NC–(BUSINESS THREAD)–Directly after the first paragraph, the name of the conference should read: Jefferies Industrials Conference (instead of: Goldman Sachs Industrials and Materials Conference). The updated version says: SEE ANNOUNCE THE NEXT EVENT WITH THE FINANCIAL COMMUNITY SEE (NYSE: SEE) will participate in the following event with the financial community. The executive team will discuss the company’s growth strategy focused on automation, digital and sustainability and the performance of its SEE operating engine. Jefferies Industrials conference August 9, 2022 New York, NY 8:00 am ET – Fireside Chat Chris Stephens, Vice President and Chief Financial Officer Emile Chammas, SVP…

NEW YORK AND CHARLOTTE, NC–(BUSINESS THREAD)–Sunlight Financial (“Sunlight”) (NYSE: SUNL), a leading technology-enabled point-of-sale financing company, today announced that it will release its second quarter 2022 financial results after the market closes on August 15, 2022. . Sunlight will hold a conference call to discuss financial results at 5:30 pm Eastern time that day. A live webcast of the conference call will be available on Sunlight’s Investor Relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Dial the number 10 minutes before the scheduled start time. A webcast replay of…

St. JOHN’S, Newfoundland–(BUSINESS THREAD)–Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR” or the “Company”), is pleased to report its financial results for the quarter ended June 30, 2022 on a conference call following August 5 2022 at 9:30am EST. For the quarter ended June 30, 2022, ARR reported attributable income (1) (2) of $0.7 million and a net loss of $0.5 million. This compares to attributable income of $0.07 million and a net loss of $0.7 million in the second quarter of 2021. For the six months ended June 30, 2022, ARR reported attributable income of $1.4 million and…

August 5 (Reuters) – The following are the top stories from the Financial Times. Reuters has not verified these stories and does not guarantee their accuracy. Holders Goldman credit card business under investigation by consumer finance watchdog https://on.ft.com/3zZ3z1O Warner Bros Discovery bids time on ‘spend, spend, spend’ streaming model https://on.ft.com/3P2lnNN Ofgem’s move to change UK energy price cap criticized by campaigners https://on.ft.com/3OU8LIs US declares public health emergency due to rapid spread of monkeypox https://on.ft.com/3BGi9fK Overview Goldman Sachs has admitted it is struggling over its loss-making foray into retail banking, revealing that the US consumer finance regulator is investigating how it…