Jinxin Technology Holding Company announced a change in its American Depositary Shares (ADS) ratio from one ADS representing 18 ordinary shares to one ADS representing 450 ordinary shares, effectively a 1-for-25 reverse ADS split. This change will take effect on June 25, 2026, and ADS holders must exchange every 25 existing ADSs for one new ADS. The company's ADSs will continue trading on Nasdaq under the ticker "NAMI," with no impact on the total number of ordinary shares. The trading price of the ADSs is expected to increase proportionally, though exact price changes are not guaranteed.
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
