An ICC International Court of Arbitration tribunal issued an award exceeding $600 million in favor of one of Burford Capital's counterparties. If fully paid today, Burford's share would be over AUD 250 million, which would benefit its balance sheet directly, without involving its investment funds. However, the case still faces significant legal and collection risks, including possible annulment or enforcement challenges, and the final recovery amount and timing remain uncertain. Burford cautions that outcomes could vary widely, including the possibility of recovering less or even incurring a total loss, and any settlement discussions may remain confidential until concluded.
Sanofi has decided to stop the clinical development of amlitélimab, an antibody for moderate to severe atopic dermatitis, after strategic review showed insufficient efficacy and safety benefits. Despite some positive long-term results from the phase ...
Cadillac Mines Corporation announced the pricing and upsizing of its initial public offering (IPO) to approximately CA$385 million, selling 47.1 million common shares at CA$6.90 each and 6.3 million special accretive shares at CA$9.52 each. The incre...
Cadillac Mines Corporation has priced and upsized its initial public offering to $385 million, selling 47.1 million common shares at $6.90 each and 6.3 million special flow-through shares at $9.52 each. The offering includes a treasury sale raising a...
Ethereum options on Deribit show a put-heavy positioning ahead of Friday's expiry, indicating a defensive market stance as ETH prices near key strike levels around $1,875. Solana options remain balanced with a slight call bias, while XRP shows mixed ...
Bloom Energy was upgraded from Hold to Buy due to its strong technology position in solid oxide fuel cells and rapid revenue growth. The company reported a 130% year-over-year increase in Q1 revenue, with its product segment growing 208% and improved...
