Financial & Business News

Chinese tech company Baidu's robotaxi unit, Apollo Go, is in talks to expand overseas in the near future, according to a source familiar with the situation. Regulators in parts of Beijing and cities such as Wuhan — Apollo Go's largest operating region — have allowed companies to commercially operate self-driving taxis.

Baidu is reportedly preparing to launch its autonomous taxi service, Apollo Go, outside of China. According to informed sources, the company is in talks with foreign automakers, ride-hailing platforms, and other tech companies to deploy Apollo Go through local partners.

Pegasystems' legal setback was reversed, and AI integration is driving higher subscription revenues and improved free cash flow, indicating a strong upside potential. The company reported $351 million in Q2 2024 sales with improved gross margins, driven by efficient AI-led automation and cost control measures. Despite strong competition, Pegasystems' strategic partnerships and nimble go-to-market strategy position it well for continued growth and profitability.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Scholar Rock Holding Corporation (Nasdaq: SRRK), a late-stage biopharmaceutical company focused on advancing innovative treatments for spinal muscular atrophy (SMA), cardiometabolic disorders, and other serious diseases where protein growth factors play a fundamental role, today announced the pricing of an upsized underwritten public offering of 10,265,488 shares of its common stock at a public offering price of $28.25 per share and, in lieu of common stock to.

Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short-term challenges, with the US solar capacity expected to grow significantly, with 737GW of new capacity expected to come on board through 2035. ARRY offers a more compelling FCF yield than close peer NXT, whilst its superior medium-term earnings growth trajectory makes its P/E multiple look very attractive.

Google's breakup is among the remedies the U.S. Justice Department is considering recommending as a penalty for its monopolistic practices.

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/methode-electronics-inc-lawsuit-submission-form?prid=107447&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / If you suffered a loss on your Super Micro Computer, Inc. (NASDAQ:SMCI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/super-micro-computer-inc-lawsuit-submission-form?prid=107449&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / If you suffered a loss on your WEBTOON Entertainment Inc. (NASDAQ:WBTN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=107450&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / If you suffered a loss on your Orthofix Medical Inc. (NASDAQ:OFIX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/orthofix-lawsuit-submission-form?prid=107448&wire=1 or contact Joseph E. Levi, Esq.