NVIDIA Co. (NASDAQ:NVDA) Holdings Lessened by Cavalier Investments LLCReddit rolls out AI-powered 'Answers' search feature, redditors don't rejoice
Algert Global LLC reduced its stake in shares of Nuvation Bio Inc. ( NYSE:NUVB – Free Report ) by 32.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,189 shares of the company’s stock after selling 138,414 shares during the quarter. Algert Global LLC owned about 0.12% of Nuvation Bio worth $660,000 at the end of the most recent reporting period. Several other institutional investors have also bought and sold shares of NUVB. Vanguard Group Inc. raised its position in shares of Nuvation Bio by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 7,534,148 shares of the company’s stock worth $27,424,000 after buying an additional 219,533 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Nuvation Bio by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,394,015 shares of the company’s stock worth $3,192,000 after purchasing an additional 60,590 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Nuvation Bio by 551.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,354,632 shares of the company’s stock worth $4,932,000 after purchasing an additional 1,146,794 shares during the period. Dimensional Fund Advisors LP boosted its stake in Nuvation Bio by 415.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,018,329 shares of the company’s stock valued at $2,975,000 after purchasing an additional 820,669 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Nuvation Bio by 198.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 633,676 shares of the company’s stock valued at $1,850,000 after purchasing an additional 421,563 shares during the period. Institutional investors and hedge funds own 61.67% of the company’s stock. Nuvation Bio Stock Up 0.7 % Shares of NYSE NUVB opened at $2.91 on Friday. Nuvation Bio Inc. has a 12 month low of $1.22 and a 12 month high of $4.16. The company has a market cap of $979.42 million, a price-to-earnings ratio of -1.34 and a beta of 1.35. The business has a fifty day simple moving average of $2.50 and a 200-day simple moving average of $2.88. Insider Buying and Selling In other Nuvation Bio news, Director Robert Mashal purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were purchased at an average cost of $2.20 per share, with a total value of $220,000.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $220,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link . Company insiders own 5.07% of the company’s stock. Wall Street Analyst Weigh In NUVB has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and issued a $5.00 price objective on shares of Nuvation Bio in a report on Thursday, November 7th. HC Wainwright cut their price target on shares of Nuvation Bio from $8.00 to $7.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Royal Bank of Canada raised their price objective on shares of Nuvation Bio from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.60. View Our Latest Stock Analysis on NUVB Nuvation Bio Company Profile ( Free Report ) Nuvation Bio Inc, a clinical-stage biopharmaceutical company, focuses on the development of therapeutic candidates for oncology. The company's lead product candidate is NUV-868, a BD2 selective oral small molecule BET inhibitor that epigenetically regulates proteins that control tumor growth and differentiation, including oncogenes comprising c-myc; NUV-1156, an AR binder Xtandi that address advanced stage prostate cancers with the potential to move into earlier lines typically treated with surgical prostatectomy; and drug-drug conjugate (DDC) platform which leverages a novel therapeutic approach within the drug-conjugate class of anti-cancer therapies to deliver anti-cancer therapeutics to cancer cells, as well as NUV-1176, a PARP inhibitor to address ER+ breast and ovarian cancer. Featured Stories Receive News & Ratings for Nuvation Bio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuvation Bio and related companies with MarketBeat.com's FREE daily email newsletter .
Luigi Mangione, who was arrested and charged with murder in the shooting death of United Healthcare CEO Brian Thompson, once belonged to a group of Ivy League gamers who played assassins, a member of the group told NBC News. In the game, called "Among Us," some players are secretly assigned to be killers in space who perform other tasks while trying to avoid suspicion from other players. > Watch NBC Bay Area News 📺 Streaming free 24/7 Alejandro Romero, who attended the University of Pennsylvania with Mangione and was a member of the same Discord group, said he was shocked when news broke on social media that Mangione had been taken into police custody. "I just found it extremely ironic that, you know, we were in this game and there could actually be a true killer among us," he said. "As soon as his photo and name popped up on X, my friend texted me asking if I knew him, and then either I was calling some 10 friends or they were calling me," Romero added. "I didn't speak to anybody today who wasn't already aware of what had happened." Mangione, 26, was arrested Monday morning in a McDonald's restaurant in Altoona, Pennsylvania, after an employee spotted him. Police found a firearm, believed to have been 3D-printed, and a handwritten document on Mangione "that speaks to both his motivation and mindset," New York Police Commissioner Jessica Tisch said at a news conference. He was also carrying fake identification and a passport, authorities said. In New York, Mangione was charged with murder, possession of a loaded firearm, possession of a forged instrument and criminal possession of a weapon, according to court documents. Authorities in Pennsylvania charged Mangione with carrying firearms without a license, forgery, tampering with records or identification, possessing instruments of crime and providing false identification to police. In a statement on X on Monday night, a member of the Mangione family said they are "shocked and devastated by Luigi's arrest." "We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved," wrote Nino Mangione, a Republican member of the Maryland House of Delegates. Romero, who said he has not spoken to or seen Mangione since 2020, described him as a typical college student who did not stand out to him. "He just fit a mold," Romero said. "He just seemed like any other normal frat dude that you could see at a frat party." His final year in college was cut short when the pandemic hit. Students were forced off campus in their last semester and did not return for commencement. The Discord group was one way to stay connected, Romero said, but members began to go their separate ways as they got full-time jobs or embarked on long trips. During some of those years, Mangione left behind a digital footprint that included reviewing “Industrial Society and Its Future,” also known as the “Unabomber Manifesto” by Ted Kaczynski, on Goodreads, a platform for book reviews and recommendations. It served as the ideological reasoning for Kaczynski’s yearslong mail bomb campaign that killed three people and injured 23 others. Mangione became significantly more active on X in 2021 after five years not posting or reposting content, according to a review of his account. Asked about the change in Mangione's online persona, Romero said that question is circulating among his friend group. "I feel like people are unsure how to label him," he said. "I'm personally struggling to understand how this all fits." This story first appeared on NBCNews.com. More from NBC News:CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Algert Global LLCRaising tax on North Sea oil and gas profits could “kill the goose that lays the golden egg” and threaten the transition to net zero, an MP has warned. The SNP’s Dave Doogan claimed the Finance Bill was “a further and final attack on North Sea oil and gas, on Scotland’s natural endowment”. Harriet Cross, Conservative MP for Gordon and Buchan, said the Government risks baking in the energy profits levy (EPL) to the tax system as a permanent feature, “creating long-term uncertainty that will drive investment away from north-east Scotland”. The Conservative government introduced the levy in May 2022, a time-limited windfall tax, which is currently set at a rate of 35% and due to end in March 2029. If MPs agree the Finance Bill, which they backed at its second reading on Wednesday by 332 votes to 176, majority 156, the levy would rise to 38% and continue until 2030. The draft legislation will undergo further scrutiny at a later date. Mr Doogan told the Commons: “The UK has drawn billions – hundreds of billions – of pounds from the North Sea over the course of my lifetime, the last 50 years, and it’s almost as though they’re addicted to it, so much so they’re going to kill the goose that lays the golden egg. “They’re hiking taxes, eroding allowances and driving investment from the North Sea in the businesses that are precisely the ones that we need to drive the transition to net zero in the places that we need them. “What other state would attack one of their own industries in this way? It’s beggars belief and it will come home to roost in spades. “It will not shift the dial towards the net-zero future that we’re trying to get to one bit. “The oil and gas that is being displaced from the Scottish sector by this Government’s ineptitude will be replaced by oil and gas from other jurisdictions, where the tax will be paid and where doubtless human rights are very much worse.” Ms Cross said: “What other industry in the UK would be expected to deliver something as fundamental as our heating, our lighting or our transport fuels, indeed energy to make sure the NHS can operate or schools can run, while also being taxed to such an extent that this Government is driving away investment in a sector so crucial to our national security? “What is particularly concerning with the EPL is the impact on homegrown energy businesses. These are not global multinationals that are often used as examples of the energy giants who make massive profits, companies which can and do buffer the impacts of EPL by increasing their overseas investments and reducing their investments in the North Sea. “Instead, this policy hits hardest the companies that have emerged and grown out of north-east Scotland, employing local people, supporting local supply chains and helping our local economies.” The MP, whose constituency lies north of Aberdeen, later added: “This Labour Government is turning what should be and what was a windfall tax into a permanent feature of our tax system, creating long-term uncertainty that will drive investment away from north-east Scotland.” Treasury minister Tulip Siddiq told MPs: “We recognise that oil and gas will continue to have a role in the energy mix during the transition. We need to drive public and private investment towards cleaner energy. “The money that’s raised by these changes will help contribute towards this public investment while the sector continues to benefit from £84.25 relief for every £100 of private investment, and to reflect our commitment to facilitating cleaner homegrown energy, the Government has confirmed that the sector will continue to benefit from a decarbonisation investment allowance at similar value of relief as it received prior to November energy profits levy rate increases.”
Bankwell financial director Carl Porto buys $3,209 in stockBryan Johnson, a 45-year-old tech millionaire known for his extreme anti-ageing experiments, is set to visit India from December 1-6. Johnson, founder of the ‘Blueprint’ project aimed at reversing ageing, will promote his book and his ‘Don’t Die’ community during the visit. Johnson recently shared a series of India-centric posts on X (formerly Twitter), including a playful reference to actor Poonam Pandey. In one tweet, he said, “Hello India. I have been told the only person who believes in ‘Don’t Die’ is Poonam Pandey. We are about to change that. I am in Mumbai from December 1-3 and in Bangalore from December 4-6,” adding the hashtag “MarnaMat” (don’t die). A former Silicon Valley executive, Johnson spends over $2 million annually on anti-ageing treatments. His meticulous routine includes waking at 4:30 am, consuming a 1,950-calorie diet, taking over 100 supplements daily, and undergoing targeted exercises. His quest to reverse ageing has involved unconventional methods like blood transfusions from his teenage son and gene therapy. Despite these efforts, his experiments sometimes backfire. Earlier this month, he shared a bloated image of his face after an attempt to inject donor fat to look younger. While the results were initially alarming, Johnson later reported a full recovery. Johnson rose to prominence after selling his credit card processing company, Braintree, to PayPal for $800 million in 2013. Since then, he has invested in technologies addressing Alzheimer’s and strokes.From Chili's 'triple dipper' to The Cheesecake Factory, restaurant chains are reviving malls
Saquon Barkley breaks the franchise rushing record, Eagles hold on for an ugly 22-16 win over PanthersEarth just experienced its second-warmest November on record — second only to 2023 — making it all but certain that 2024 will end as the hottest year ever measured, according to a report Monday by European climate service Copernicus. Last year was the hottest on record due to human-caused climate change coupled with the effects of an El Nino. But after this summer registered as the hottest on record — Phoenix sweltered through 113 consecutive days with a high temperature of at least 100 degrees Fahrenheit — scientists anticipated 2024 would set a new annual record as well. In November, global temperatures averaged 14.10C (57.38F). Last year's global average temperature was 14.98C (59F). FILE - People are silhouetted against the sky at sunset Nov. 12 as they run in a park in Shawnee, Kan. Jennifer Francis, a climate scientist at the Woodwell Climate Research Center in Cape Cod, who wasn't involved in the report, said the big story about November is that "like 2023, it beat out previous Novembers by a large margin." People are also reading... Iredell County deputies charge 7 people in drug trafficking investigation 3 men face arson charges in Statesville house fire that severely burned woman Top vote-getter Houpe: Why am I not chairman of Iredell board of commissioners? Statesville native Tomlin leads Delaware State to MEAC volleyball title, NCAA berth 4 pounds of marijuana, gun seized by Mooresville police officers Iredell-Statesville Schools closed Tuesday due to snow, ice Tiny, 4 more dogs seeking homes at Iredell County Animal Services New school chairman rules 2 fellow board members out of order in Iredell 3 Eagle Scouts and 1 grateful Iredell County resident Get to know Mooresville basketball player Cadence Lane Families prepare for mass deportations: 'A sad and painful time' Now streaming and on DVD: 'It Ends With Us' just prompts head shakes Colombia native brings tastes of his homeland to downtown Statesville Statesville native's book offers clues to 5 hidden treasures McKinnon breaks record, Arnold shows offensive burst in Lake Norman’s hot start This also likely will be the first calendar year in which the average temperature was more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial times, the report said. The 2015 Paris Agreement said human-caused warming should be limited to 2 degrees Celsius (3.6 degrees Fahrenheit), and ideally below 1.5. In the following years, the world's top scientist said limiting to 1.5 was crucial to stave off the worst impacts of climate change, such as increasing destructive and frequent extreme weather events. Scientists say the main cause of climate change is the burning of fossil fuels like coal, oil and natural gas. That "does not mean that the Paris Agreement has been breached, but it does mean ambitious climate action is more urgent than ever," said Copernicus Deputy Director Samantha Burgess. A young family visiting Washington cools off from the warm weather in a fountain Nov. 6 at the base of the Washington Monument. Francis said the new records are "terrible news for people and ecosystems." "The pace of warming is so fast that plants and animals cannot adapt as they always have during previous changes in the Earth's climate. More species will go extinct, which disrupts natural food webs they're a part of. Agriculture will suffer as pollinators decline and pests flourish," she said, also warning that coastal communities will be vulnerable to sea-level rise. Heat waves over the oceans and a loss of reflective sea ice and snow cover probably contributed to the temperature increase this year, experts said. Copernicus said the extent of Antarctic sea ice in November was 10% below average, a record. Oceans absorb about 90% of the heat trapped by greenhouse gases, later releasing heat and water vapor back into the atmosphere. Last year's record heat was caused partly by an El Nino — a temporary natural warming of parts of the central Pacific that alters weather worldwide. People walk Nov. 27 on an autumn-colored ginkgo tree-lined avenue in Tokyo. But that ended this year and a cooling effect that often follows, called La Nina, failed to materialize, leaving the scientific community "a little perplexed by what's going on here ... why temperatures are staying high," said Jonathan Overpeck, a climate scientist at the University of Michigan. One explanation is that an El Nino releases more heat to the atmosphere because of warmer ocean waters, then "we're not getting the cooling effect that often in decades gone by helps bring the temperature back down," Overpeck said. "So it does look like this could be contributing to the acceleration of global warming. But this year, he said, "is such a big jump following yet another jump, and that's a scary thing." How forecasts of bad weather can drive up your grocery bill How forecasts of bad weather can drive up your grocery bill It's no secret that a warming world will drive food prices higher, a phenomenon increasingly known as " heatflation ." What's less known, but a growing area of interest among economists and scientists alike, is the role individual extreme weather events — blistering temperatures in Texas , a destructive tornado in Iowa — may have on what U.S. consumers pay at the supermarket. At first glance, the answer might seem logical: A drought or flood that impacts agricultural production will, eventually, drive up prices. But it's not that simple, because what consumers pay for groceries isn't only reflective of crop yields or herd sizes, but the whole supply chain. As Grist reports, that's where it gets interesting: Economists are beginning to see a growing trend that suggests weather forecasts play a part in sticker shock. Sometimes the mere prediction of an extreme event — like the record-breaking temperatures, hurricanes, and wildfires forecasters are bracing for this summer — can prompt a spike in prices. It isn't the forecast itself to blame, but concerns about what the weather to come might mean for the entire supply chain, as food manufacturers manage their risks and the expected future value of their goods, said Seungki Lee, an agricultural economist at Ohio State University. "When it comes to the climate risk on food prices, people typically look at the production side. But over the last two years, we learned that extreme weather can raise food prices, [cause] transportation disruptions, as well as production disruptions," said Lee. How much we pay for the food we buy is determined by retailers, who consider the producer's price, labor costs, and other factors. Any increases in what producers charge is typically passed on to consumers because grocery stores operate on thin profit margins. And if manufacturers expect to pay more for commodities like beef or specialty crops like avocados in the future, they may boost prices now to cover those anticipated increases. "The whole discussion about the climate risks on the food supply chain is based on probabilities," Lee said. "It is possible that we do not see extreme temperatures this summer, or even later this year. We may realize there was no significant weather shock hitting the supply chain, but unfortunately that will not be the end of the story." Supply chain disruptions and labor shortages are among the reasons food prices have climbed 25 percent since 2020 . Climate change may be contributing as well. A study published earlier this year found " heatflation " could push them up by as much as 3 percentage points per year worldwide in just over a decade and by about 2 percentage points in North America. Simultaneous disasters in major crop and cattle producing regions around the world — known as multi-breadbasket failure — are among the primary forces driving these costs. Crop shortages in these regions may also squeeze prices, which can create volatility in the global market and bump up consumer costs. Historically, a single, localized heat wave or storm typically wouldn't disrupt the supply chain enough to prompt price hikes. But a warming world might be changing that dynamic as extreme weather events intensify and simultaneous occurrences of them become the norm. How much this adds to consumers' grocery bills will vary, and depends upon whether these climate-fueled disasters hit what Lee calls "supply chain chokepoints" like vital shipping channels during harvest seasons. "As the weather is getting more and more volatile because of climate change, we are seeing this issue more frequently," he said. "So what that means is the supply chain is getting more likely to be jeopardized by these types of risks that we have never seen before." Lower water levels slow down barges on the Mississippi River An ongoing drought that plagued the Mississippi River system from the fall of 2022 until February provides an excellent example of this. The Mississippi River basin, which covers 31 states, is a linchpin of America's agricultural supply chain. It produces 92 percent of the nation's agricultural exports, 78 percent of the world's feed grains and soybeans , and most of the country's livestock. Vessels navigating its roughly 2,350 miles of channels carry 589 million tons of cargo annually . Transportation barriers created by low water, seen above, hampered the ability of crop-producing states in the Corn Belt to send commodities like corn and soybeans, primarily used for cattle feed, to livestock producers in the South. Thus emerged a high demand, low supply situation as shipping and commodity prices shot up , with economists expecting consumers to absorb those costs . Past research showing that retail prices increase alongside commodity prices suggests that the drought probably contributed to higher overall food costs last year — and because droughts have a lingering impact on production even after they end, it may be fueling stubbornly high grocery prices today. But although it seems clear that the drought contributed to higher prices, particularly for meat and dairy products, just how much remains to be gauged. One reason for that is a lack of research analyzing the relationship between this particular weather event and the consumer market. Another is it's often difficult to tease out which of several possible factors, including global trade, war, and export bans , influence specific examples of sticker shock. While droughts definitely prompt decreases in agricultural production, Metin Çakır, an economist at the University of Minnesota, says whether that is felt by consumers depends on myriad factors. "This would mean higher raw ingredient costs for foods sold in groceries, and part of those higher costs will be passed onto consumers via higher prices. However, will consumer prices actually increase? The answer depends on many other supply and demand factors that might be happening at the same time as the impact of the drought," said Çakır. In a forthcoming analysis previewed by Grist, Çakır examined the relationship between an enduring drought in California, which produces a third of the nation's vegetables and nearly two-thirds of its fruits and nuts , and costs of produce purchased at large grocery retailers nationwide. While the event raised consumer vegetable prices to a statistically significant degree, they didn't increase as much as Çakır expected. This capricious consumer cost effect is due largely to the resiliency of America's food system . Public safety nets like crop insurance and other federal programs have played a large part in mitigating the impacts of adverse weather and bolstering the food supply chain against climate change and other shocks. By ensuring farmers and producers don't bear the brunt of those losses, these programs reduce the costs passed on to consumers. Advanced agricultural technology, modern infrastructure, substantial storage, and efficient transport links also help ensure retail price stability. A 2024 study of the role climate change played on the U.S. wheat market from 1950 to 2018 found that although the impact of weather shocks on price variability has increased with the frequency of extreme weather, adaptive mechanisms, like a well-developed production and distribution infrastructure with sufficient storage capacity, have minimized the impact on consumers. Still, the paper warns that such systems may collapse when faced with "unprecedented levels of weather variability." Last year was the world's warmest on record , creating an onslaught of challenges for crop and livestock producers nationwide. And this year is primed to be even more brutal , with the transition from El Niño — an atmospheric phenomenon that warms ocean temperatures — to La Niña , its counterpart that cools them. This cyclical change in global weather patterns is another potential threat for crop yields and source of supply chain pressures that economists and scientists are keeping an eye on. They will be particularly focused on the Midwest and stretches of the Corn Belt, two regions prone to drought as an El Niño cycle gives way to a La Niña, according to Weston Anderson, an assistant research scientist at the University of Maryland and NASA Goddard Space Flight Center. Those growing regions for corn and soybeans are what he'll be watching closely as La Niña develops. It's something Jennifer Ifft, an agricultural economist at Kansas State University, is also thinking about. "If you have a very severe drought in the Corn Belt ... that's going to be the biggest deal, because that's gonna raise the cost of production for cattle, hogs, poultry," said Ifft. "So that would probably have the largest inflationary impacts." As of January , U.S. beef herd inventory was at its lowest in 73 years, which multiple reports noted is due to the persisting drought that began in 2020 . Americans, the majority of whom are already spending more on groceries than last year, are poised to soon see "record" beef prices at the supermarket. Food prices are also expected to rise another 2.2 percent in 2024 , according to the USDA's Economic Research Service. In a world enmeshed in extremes, our already-fragile food supply chain could be the next system teetering on the edge of collapse because of human-caused climate change. And costlier groceries linked to impending risk is the first of many warning signs that it is already splintering. This story was produced by Grist and reviewed and distributed by Stacker Media. Get the daily forecast and severe weather alerts in your inbox!
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