Apotex Expands Ophthalmic Business with Canadian Rights to New Steroid Eyedrop

TORONTO, Aug. 5, 2024 – Apotex Inc. (“Apotex“), the largest Canadian-based pharmaceutical company, today announced an agreement with Formosa Pharmaceuticals (“Formosa”) under which Apotex has the exclusive rights to market and distribute APP13007 (clobetasol propionate ophthalmic suspension, 0.05%) in Canada upon approval. The agreement further expands Apotex’s ophthalmic franchise, building…

Xiao-I Corporation Announces Change in ADS Ratio

SHANGHAI, Aug. 5, 2024 — Xiao-I Corporation (“Xiao-I” or the “Company”) (NASDAQ: AIXI), a leading artificial intelligence company, today announced its plans to adjust the ratio of its American Depositary Shares (the “ADSs”) to its ordinary shares (the “ADS Ratio”), par value US$0.00005 per share, from the current ADS Ratio…

Could ASML Stock Be Split Again?

ASML Stock (NASDAQ:ASML) ASML Holding (NASDAQ:ASML), a leading chipmaking equipment manufacturer, has executed five stock splits to date. With its shares currently trading around $870, the $343 billion market cap company may be poised for a stock split. Stock splits, while not altering the total value of a company, can…

Nike Stock Climbs on Ackman’s Investment

Nike Gains 4% on Ackman’s Return Nike Inc. (NYSE:NKE) saw its stock price increase by nearly 4% on Thursday, fueled by investor optimism following the return of billionaire investor William Ackman as a shareholder. Ackman's hedge fund, Pershing Square Capital Management, currently owns roughly 3 million Nike shares, representing a…

Chipotle CEO Departure Sparks Stock Drop

Chipotle Faces Leadership Change Chipotle Mexican Grill, Inc. (NYSE:CMG) is experiencing a change in leadership as its CEO, Brian Niccol, prepares to depart. Niccol's move to Starbucks Corporation (NASDAQ:SBUX) as its new CEO, starting next month, has caused Chipotle's stock to drop by 8% in premarket trading. Although Niccol's leadership…