Southwest Falls After Massive Flight Cancelations

Southwest Airlines Co. (LUV) falls more than 5 percent on Tuesday morning trade after the airline continued with massive cancellations and delays today also. Further, the Department of Transportation said it will investigate the unacceptable rate of cancellations by Southwest. The winter storm has been disrupting the travel sector for the last week.

Currently, shares are at $33.97, down 6 percent from the previous close of $36.09 on a volume of 2,481,979.

PolarityTE Announces LOI With Michael Brauser For Acquisition Proposal

Biotech company PolarityTE, Inc. (PTE) Tuesday revealed the signing of a non-binding letter of intent with Michael Brauser to make an offer to acquire the company at a proposed cash offering price of $1.03 per common share.

Brauser will pursue due diligence and the parties will endeavor to negotiate the terms of the definitive transaction documents during the period ending March 15.

The LOI contemplates that Brauser will make a capital contribution or loan to the Company in an amount required to settle cash payment of all the outstanding warrants.

Las Vegas Sands Rally Continues

Las Vegas Sands Corp. (LVS) shares are up more than 4 percent on Tuesday morning trade after the company, continuing a surge since December 23. There have been no corporate announcements to influence the stock movement today.

Currently, shares are at $48.63, up 4.50 percent from the previous close of $46.52 on a volume of 1,813,424.

A Gin and Peppermint Cocktail to Toast 2023

Try the drink from the Dutch gin company Nolet’s, pick up award-winning Gruyère and more.

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By Florence Fabricant

The Iconic French Pastry You Should Bake for New Year’s Party

Forget croissants. Let Claire Saffitz teach you how to make a showstopping Paris-Brest.

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Man killed in avalanche on Berthoud Pass Monday

A man was killed Monday afternoon in an avalanche near Winter Park on Berthoud Pass.

Emergency crew responded to the avalanche on the west side of the pass in Grand County about 12:50 p.m. Monday, according to the Grand County Sheriff’s Office.

Four people were caught in the avalanche slide, the sheriff’s office said, and two of them were buried.

Bystanders and family members helped rescue one of the buried people, but when the second person, a 44-year-old man, was found, lifesaving measures were unsuccessful and the man died.

The man’s identity and cause and manner of death will be released by the coroner.

Inotiv Continues Downward Spiral

Shares of pharmaceutical development company Inotiv, Inc. (NOTV) are slipping 11 percent on Tuesday’s trading. The stock was on a downward trend for the past few days.

NOTV is in tandem with the U.S markets, which are in the red early on Tuesday morning.

Currently at $4.5500, the stock has traded between $3.6500 and $45.4700 during the past 52 weeks.

Alibaba Group Shares Gains 5%

Shares of Alibaba Group Holding Limited (BABA) are gaining over 5% on Tuesday morning. The stock seems to go up driven by the news that the e-commerce giant’s e-commerce platform Taobao has conducted final tests before making its first metaverse live-streaming product debut.

BABA is currently trading at $90.10, up $4.44 or 5.19%, on the NYSE. The stock opened its trading at $87.85 after closing Friday’s trading at $85.65. The stock has traded between $58.01 and $138.70 in the past 52-week period.

According to a report by the Chinese media outlet DSB, Taobao is conducting final tests before releasing its first metaverse live-streaming product. If everything goes according to plan, the project should launch online around the upcoming New Year’s shopping extravaganza.

Alibaba Group provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in China and internationally.

Camber Energy Climbs On Agreement To Acquire Certain Oil Companies

Camber Energy, Inc. (CEI) shares are gaining more than 7 percent on Tuesday morning trade after the company agreed to acquire certain privately owned oil companies for around $69 million.

The acquisition includes working interests in approximately one hundred sixty-nine, proved-producing oil wells producing approx. two thousand barrels of oil per day, one hundred seventy-four proved non-producing wells, and twelve proved undeveloped well locations. The companies to be acquired have annual gross revenues of $55 million.

Currently, shares are at $2.57, up 7.47 percent from the previous close of $2.40 on a volume of 5,644,914.

Apple Supplier TSMC To Start Production Of 3nm Chips Soon: Reports

Tech giant Apple Inc.’s (AAPL) main chip supplier Taiwan Semiconductor Manufacturing Company (TSM) will reportedly start mass production of its 3-nanometer chip in the coming days.

According to Digitimes, TSMC is scheduled to hold a ceremony at Fab 18 at the Southern Taiwan Science Park on December 29 to mark the start of commercial production of chips using 3nm process technology.

Apple will be the first to reap the benefits of the next-gen tech. Previous reports had suggested that Apple was on track to upgrade its next-generation devices in 2023 with an M2 Pro chip.

Current reports say that Apple is planning to implement its M2 Pro chip based on TSMC’s 3nm node in its upcoming MacBook 14 and 16, Mac Studio and Mac mini.

Moving forward, the iPhone maker’s A17 Bionic and the M3 chip will also be based on an enhanced 3nm production process from TSMC.

The 3 nm process is the next die shrink after the 5 nanometer MOSFET (metal-oxide-semiconductor field-effect transistor) technology node.