Shares of UK gambling companies Entain and Rank fell after reports that a future Labour government under Andy Burnham might double the tax on high-stakes slot machines from 20% to 40%. This tax increase could raise an additional £275-458 million, adding to the current £600 million paid by the sector, impacting casinos, adult gaming centers, and bookmakers. The proposal aims to curb gambling in vulnerable communities but faces opposition from industry groups warning of job losses and illegal market growth. The move signals potential regulatory tightening in the UK gambling industry if Labour gains power.
The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging that the company may have provided misleading business information to investors. Investors who purchased Putnam stock-based mutual fun...
Several stocks experienced significant declines today driven by company-specific events. SANUWAVE Health's shares dropped 39.21% despite strong revenue guidance, Twin Vee Powercats fell 30.95% amid a legal investigation, and Gorilla Technology declin...
The phase III ENDURANCE trial showed that two years of lenalidomide maintenance therapy offers the same long-term survival benefit as indefinite treatment for patients with standard-risk multiple myeloma who are not transplant candidates. After nearl...
The stock market saw significant gains driven by corporate announcements and high trading volumes, particularly in battery technology, electric vehicles, and green energy sectors. Electrovaya surged 49.05% after announcing a commercial deal with Amaz...
An Akamai Technologies executive sold 3,100 shares as the company shifts focus from its declining content delivery network business to high-growth cloud infrastructure and cybersecurity services. This strategic pivot is supported by a $1.8 billion, s...
