AZ-COM Maruwa Holdings, a major Japanese logistics company, will pay about 2,300 independent contractors and truck drivers using JPYC, Japan's first registered yen-backed stablecoin. This move aims to address labor shortages by offering instant, fee-free payments that are faster than traditional banking. The company is also considering a strategic investment of over 1 billion yen ($6.2 million) in JPYC Inc. JPYC's circulation has grown to over 2 billion yen since its launch, signaling increasing adoption in Japan's logistics and retail sectors. This initiative marks the first large-scale corporate use of JPYC, potentially setting a precedent for other businesses in Japan.
Axsome Therapeutics received an "Outperform" rating from BMO Capital due to significant progress in its drug pipeline, including FDA acceptance of its NDA for AXS-12, a narcolepsy treatment with a PDUFA date set for May 1, 2027. The company is also a...
Novartis is set to report its Q2 earnings with analysts expecting an EPS of $2.17 and revenue of $14.07 billion, following a tough Q1 affected by major patent expirations. Despite revenue challenges, the company maintained strong cash flow of $3.30 b...
KeyCorp is set to report earnings with analysts forecasting a 20% increase in earnings per share to $0.42 and an 8% rise in total revenue to $1.97 billion. The growth is mainly driven by a 10% increase in net interest income, fueled by strong commerc...
Several biotech and manufacturing companies saw significant stock declines due to key corporate events. Vision Marine Technologies dropped nearly 24% after shifting its focus from boat manufacturing to a mining project, causing investor uncertainty. ...
Shares of Zhengye Biotechnology surged over 1047% to regain Nasdaq compliance after a minimum bid price warning. Advanced Biomed and Axe Compute also saw notable gains following a reverse stock split and Russell Microcap Index inclusion, respectively...
