Newmont-Newcrest Deal Gets Clearance From Korea Fair Trade Commission

Newmont Corporation (NEM, NGT.TO) announced that the Korea Fair Trade Commission has cleared the company to proceed with its proposed acquisition of Newcrest Mining Limited
(NCM.TO), stating that the transaction does not violate Korea’s Monopoly Regulation and Fair Trade Law. Newmont expects to close the transaction in the fourth quarter of the current year.

On May 14, Newmont announced its definitive agreement to acquire Newcrest. Other regulatory approvals to be secured for the proposed acquisition include the Australian Competition and Consumer Commission, the Australia Foreign Investment Review Board, the Japan Fair Trade Commission, and the Philippine Competition Commission.

Crash on southbound I-25 north of Denver forces closure

A multi-vehicle crash on Interstate 25 north of metro Denver near Berthoud Tuesday morning forced the closure of southbound lanes.

Southbound I-25 was closed near Colorado 60 around 7 a.m., according to Colorado Department of Transportation’s post on X, the social media site formerly called Twitter.

LL Flooring Up 26% On Exploration Of Strategic Alternatives

Shares of LL Flooring Holdings, Inc. (LL) are up 26% on Tuesday after the company said it is exploring strategic alternatives to maximize shareholder value.

LL is trading on the New York Stock Exchange at $4.74, up 26.63% or $0.99 per share. It has traded between $2.75 and $11.00 in the past 52-week period.

The company is set to consider alternative options including, a potential sale, merger, or other strategic transaction, as a result of receiving various interests regarding a potential transaction with the Company.

On June 26, the company rejected an unsolicited, non-binding proposal to acquire all of its outstanding shares for $5.76 per share in cash, because it believed that it significantly undervalued the worth of the company. The company noted it remains open to a transaction that appropriately reflects the value of the company.

Siyata Mobile Stock Jumps 33% On Quarterly Results

Shares of Siyata Mobile Inc. (SYTA) are gaining over 33% on Tuesday morning after its second-quarter loss narrowed as revenues surged.

SYTA is currently trading at $4.4250, up $1.1050 or 33.2831%, on the Nasdaq. The stock opened its trading at $4.3100 after closing Monday’s trading at $3.3200. The stock has traded between $3.1000 and $84.0000 in the past 52-week period.

Second-quarter revenues were $2.7 million compared to $970,000 for the three months ended June 30, 2022. Revenue growth was attributed mainly to sales of the SD7 in second quarter of $1.9 million.

Net loss was $2.3 million as compared to a net loss of $4.3 million in the same period in the prior year.

Avidity Biosciences: FDA Grants Orphan Drug Designation To AOC 1044

Avidity Biosciences, Inc. (RNA) announced the FDA has granted Orphan Drug designation to AOC 1044, the company’s investigational therapy in development for the treatment of Duchenne muscular dystrophy in people with mutations amenable to exon 44 skipping. AOC 1044 is being assessed in the phase 1/2 EXPLORE44 clinical trial for people living with DMD44.

Avidity plans to share results from the healthy volunteer portion of the EXPLORE44 trial in the fourth quarter of 2023.

In April 2023, AOC 1044 received FDA Fast Track designation for the treatment of DMD44.

For More Such Health News, visit rttnews.com.

On Holding Falls After Reporting 93.3% Decline In Q2 Profit

On Holding AG (ONON) shares are sliding more than 17 percent on Tuesday morning trade after the company reported a sharp fall in second-quarter profit compared to the prior year.

The quarterly profit was CHF3.3 million, down 93.3 percent compared to CHF49.1 million a year ago.

Currently, shares are at $28.64, down 17.18 percent from the previous close of $34.61 on a volume of 8,771,576.

Flight diverts to UK airport and lands after ‘medical emergency’ on board

A flight diverted and landed at Manchester Airport on the afternoon of August 15 due to an emergency.

The flight NO2903 operated by Neos Airlines was travelling from Spain’s Alicante to Reykjavik in Iceland when an incident was declared mid-air and the pilot had to make a diversion. 

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Grindr Gains 12% On Q2 Profit

Shares of Grindr Inc. (GRND) are progressing more than 12 percent on Tuesday morning trade after reporting a swing to profit in the second quarter compared to loss last year, on higher revenues.

The quarterly earnings were $22.33 million, compared to loss of $4.30 million a year ago.

Revenue for the quarter increased to $61.54 million from $46.56 million in the prior year.

Currently, shares are at $5.25, up 11.94 percent from the previous close of $4.69 on a volume of 529,405.

One person killed in crash involving vehicle, pedestrian in Denver

One person was killed in an overnight crash involving a vehicle and a pedestrian in northeast Denver near the intersection of Peoria Street and Interstate 70, delaying traffic.

Denver Police were investigating this fatal crash in the area of East 39th Avenue and Paris Street, according to an agency posting on X, the social media site formerly called Twitter. One person was pronounced dead at the scene. Police advised drivers to find alternate routes.

Casey's To Acquire 63 Convenience Stores From EG Group

Casey’s General Stores, Inc. (CASY) Tuesday announced an agreement to acquire 63 convenience stores from EG America, LLC, a subsidiary of EG Group Ltd. The deal will close later this year.

The stores are located in Kentucky and Tennessee and currently operate under the Minit Mart and Certified Oil banners.

Casey’s said it is expected to retain the impacted employees at each store, and EG America is cooperating to make their transition as seamless as possible.

Darren Rebelez, President and Chief Executive Officer at Casey’s, said: “This opportunity is an excellent strategic fit as we look to add locations in Kentucky and Tennessee, which are both within our existing distribution footprint.”

Earlier in June end, Casey’s had announced its plan to grow its footprint by 350 stores by the end of fiscal 2026, through organic growth and acquisitions.