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Excelerate Energy, Inc. will participate in the UBS Global Energy & Utilities Winter Conference on January 14-15, 2025, at The St. Regis Hotel in Deer Valley, Utah. Steven Kobos, President and CEO, will conduct one-on-one meetings with investors during the event.
Roche's experimental Parkinson's drug, prasinezumab, failed to meet its primary goal in a mid-stage trial, not significantly delaying motor symptom progression in early-stage patients. Despite this setback, the drug showed potential clinical efficacy and positive trends in other trial objectives. Roche plans to further evaluate the data and collaborate with health authorities on next steps.
The EU-Mercosur agreement's beef import quota of 99,000 tons, initially perceived as just 1.5% of total EU consumption, actually represents about 15% of the premium cuts market, according to market expert Jacek Zarzecki. This includes high-demand cuts like roast beef and entrecôte, which are crucial for EU farmers' income. Belgian MEP Benoît Cassart warns that these quotas pose a significant threat to the EU beef market.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and importance of securing critical metals from recycled sources.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and necessity for sustainable sourcing in the industry.
UCB's investigational small molecule minzasolmin, developed in partnership with Novartis, has failed to meet primary and secondary endpoints in a phase 2a trial for early-stage Parkinson's disease, leading to the termination of its extension phase. The study, which involved 496 patients, showed comparable treatment-emergent adverse events across groups, with no new safety risks identified. UCB continues to explore alpha-synuclein pathology with other candidates, including UCB7583 and glovadalen, the latter of which is in a phase 2 trial with results expected in March 2025.
In September, multiple biotech companies announced significant layoffs, with Inventprise cutting 7% of its workforce, bluebird bio reducing 25%, and Athira Pharma laying off 70% after a failed trial. Other notable reductions included Charles River Laboratories (3%), Cidara Therapeutics (30%), and Astellas Gene Therapies impacting around 100 employees. The trend reflects ongoing challenges in the biotech sector, with companies restructuring to focus on core projects and manage costs.
Exxon Mobil Corporation operates primarily in refining and distribution, hydrocarbon exploration and production, and petrochemicals. In 2023, it sold 5.5 million barrels of petroleum products daily, produced 2.4 million barrels of oil, and 219.1 million m³ of natural gas. The company's net sales are geographically distributed with the U.S. accounting for 38%.
Exxon Mobil Corporation operates primarily in refining and distribution (85.8% of net sales), producing 5.5 million barrels of oil products daily. It is a world leader in exploration and production, generating 2.4 million barrels of oil and 219.1 million m³ of natural gas per day. The company also engages in petrochemicals, contributing 6.6% to net sales, with a diverse geographical distribution of revenue, including the United States (38%) and Canada (8.7%).
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