Mullen Automotive To Cut $170 Million In Costs Amid Weak EV Market
Mullen Automotive (NASDAQ: MULN) is set to dramatically cut its operations over the next twelve months in a bid to reduce its cash burn. The company is seeking to save $170 million in annual operating and investing cash flows from the measures. The reductions are set to a base line of the twelve months ended […]
Fission Uranium To Conduct Two Concurrent Drill Programs At PLS
Fission Uranium (TSX: FCU) is leaning in heavily on exploration this season, announcing two separate drill programs this morning that are to take place at its PLS uranium project in the Athabasca Basin. The first program, a 15-hole, 6,650 metre regional program, is geared towards following up on priority targets identified this past winter at […]
Westgold Resources To Acquire Karora Resources To Create Australia-Focused Miner
Karora Resources Inc. (TSX: KRR) and Westgold Resources Limited (ASX: WGX) have reached an agreement to merge, marking a significant consolidation in the mining industry. Under the terms of the merger, Westgold will acquire 100% of the issued and outstanding common shares of Karora. The latter’s shareholders will receive a combination of assets, including 2.524 […]
PharmaDrug: Biosynthetic Pharma-Grade Cocaine
PharmaDrug Inc (CSE: PHRX) last month revealed that it has begun work on developing a novel manufacturing method for a biosynthetic pharmaceutical grade cocaine, which is intended to be used to support safe supply programs being put into place around the globe.
Will The Real Owner Of Trump Media Please Stand Up?
Donald Trump’s social media venture, Trump Media & Technology Group (NASDAQ: DJT), recently made headlines for its successful public offering, marking a significant milestone and a huge net worth jump for the former US president. However, behind the scenes, the company’s financial journey has been anything but straightforward, with revelations emerging about emergency loans from […]
Africa’s Food Problem: Zimbabwe, Zambia, Malawi Declare State Of National Disaster
Zimbabwe has officially declared a state of disaster in response to a crippling drought that is sweeping across much of southern Africa. President Emmerson Mnangagwa announced the declaration on Wednesday, stressing the urgent need for $2 billion in humanitarian assistance to tackle the dire consequences of the drought. The dire consequences of the grain shortage […]
Adam Neumann Bids $500 Million To Get WeWork Back
Adam Neumann, the controversial co-founder ousted from WeWork in 2019, has made a bold bid worth over $500 million in an audacious attempt to regain control of the struggling shared office space company. Neumann’s new real estate venture, Flow, announced recently that it has submitted a potential buyout offer for WeWork in partnership with a […]
EU’s Anti-Money Laundering Regulation Is Not a Ban on Anonymous Crypto Wallets
Contrary to recent reports, the European Union has not banned anonymous cryptocurrency wallets and transactions under its new anti-money laundering regulation. Patrick Hansen, the EU Director of Strategy at crypto firm Circle, recently took to the social media platform X to clarify the widespread claims about an outright prohibition on anonymous crypto accounts. Hansen, who […]
Morgan Stanley Banned Cannabis Fund, Said Hedge Fund Chief
The burgeoning legal cannabis industry in the United States faces a significant and persistent obstacle: banking hurdles. Despite the expanding legalization of marijuana across various states, financial institutions continue to shy away from serving cannabis-related businesses due to federal regulations. Aaron Edelheit, CEO of Mindset Capital, brought attention to the issue when revealing that Morgan […]
Yamaha Music CEO with Ties to Moscow Elite Found Dead in Hotel
Jun Aoki, the 55-year-old CEO of Yamaha Music’s Russia operations, has been found dead in a Moscow hotel. Aoki’s body was discovered on Tuesday at the prestigious Radisson Collection Hotel Moscow, formerly known as the Hotel Ukraina. According to Russian media reports, Aoki’s acquaintances had alerted the police after not hearing from him for several […]