MicroStrategy founder Michael Saylor clarified at the BTC Prague conference that the company's previous "never sell" Bitcoin stance was advice for individual investors, not a corporate rule. The company sold 32 BTC for $2.5 million on June 1 to fund preferred stock dividends, marking its first-ever Bitcoin sale. This move sparked debate about the firm's capital structure and potential dilution, as MicroStrategy holds about 845,256 BTC and carries $6.7 billion in convertible debt. Despite the sale, Saylor remains bullish on Bitcoin's long-term value and emphasized that future sales would be part of routine treasury management, not a shift in conviction.
Mesoblast Limited has drawn $50 million from a new five-year loan facility provided by a shareholder, replacing higher-cost short-term debt. This move strengthens Mesoblast's balance sheet by lowering interest costs and removing short-term obligation...
HUTCHMED announced positive Phase II trial results for fanregratinib in treating advanced intrahepatic cholangiocarcinoma (ICC) with FGFR2 fusion/rearrangement. The study showed a 42.5% objective response rate and median overall survival of 16.6 mont...
Western Union and Intermex announced that regulatory approvals for Western Union's acquisition of Intermex have been received from 51 U.S. states and international jurisdictions, with only one U.S. state, New York, pending approval. Both companies ar...
Modern Therapy Group has introduced a virtual intensive outpatient program (IOP) designed for adults dealing with depression, anxiety, trauma, and other mental health issues. This program offers structured, clinician-led treatment five days a week vi...
Meyer Wilson Werning, an investor protection law firm, is investigating UBS advisor Daniel Merithew Allen for allegedly recommending unapproved investments in 99 Acquisition Group LLC to clients. This practice, known as "selling away," violates FINRA...
