IPower Rises 9%

Shares of hydroponic equipment retailer iPower Inc. (IPW) are up 9 percent in Thursday’s after-market trade despite the company reporting a loss in the third quarter.

The company posted third-quarter net loss of $206 thousand, compared to net income of $220 thousand in the same period last year. The income before Taxes and Net Income were negatively impacted by non-cash charges associated with the accounting treatment of convertible notes and warrant liabilities in the quarter.

Revenue grew by 34.4 percent to $13.1 million in the quarter from $9.8 million in the quarter a year ago.

iPower closed Thursday’s trade at $6.91, down $0.20 or 2% on the NYSE. In after-market trade, the shares up 9% or $0.66 to $7.57.

BlackBerry Q1 adjusted earnings Inline With Estimates

Below are the earnings highlights for BlackBerry (BB):

-Earnings: -$62 million in Q1 vs. -$636 million in the same period last year.
-EPS: -$0.11 in Q1 vs. -$1.14 in the same period last year.
-Excluding items, BlackBerry reported adjusted earnings of -$27 million or -$0.05 per share for the period.
-Analysts projected -$0.05 per share
-Revenue: $174 million in Q1 vs. $206 million in the same period last year.

Mirati Therapeutics’ Adagrasib Gets Breakthrough Therapy Designation

Shares of Mirati Therapeutics, Inc. (MRTX) gained nearly 5% in extended trading session on Thursday after the clinical-stage oncology company announced that the U.S. FDA has granted breakthrough therapy designation to adagrasib for treatment of patients with advanced non-small cell lung cancer harboring the KRAS G12C mutation.

Breakthrough Therapy designation is a process designed to expedite the development and review of drugs that are intended to treat a serious condition and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement over available therapy on a clinically significant endpoint.

The designation for adagrasib is supported by preliminary results from the registrational Phase 1/2 KRYSTAL-01 trial in patients with advanced NSCLC, whose cancer had progressed following prior treatment with immunotherapy and/or chemotherapy.

Charles Baum, president and chief executive officer, said, “We look forward to submitting a New Drug Application for adagrasib in the second half of this year and further advancing adagrasib across a broad development plan with the goal of improving clinical outcomes in patients with KRASG12C mutated cancers.”

MRTX closed Thursday’s trading at $162.46, down $0.57 or 0.35%, on the Nasdaq. The stock, however, gained $7.48 or 4.60%, in the after-hours trade.

Rudy Giuliani’s Suspension Inspires New Levels Of Twitter Snark

The suspension of Rudy Giuliani’s law license represents a fall from grace for the former New York City mayor, but it also inspired Twitter users to new heights of snark.

On Thursday, a five-judge panel suspended Giuliani from practicing law in New York state, based on his record of making “demonstrably false and misleading statements” about the election loss of his client, former President Donald Trump.

Folks on Twitter used the occasion to drag Giuliani ― and it got brutal.

Some pointed out that this just isn’t Giuliani’s year.

Others wondered: Why stop at Giuliani, when there are so many other bad actors who tried to promote the Big Lie?

One person noted that the day was a fitting anniversary for Giuliani’s fall.

Still, there was at least one lingering question…

PHOTOS: In-processing Day for U.S. Air Force Academy’s Class of 2025

The class of 2025 arrived at the U.S. Air Force Academy in Colorado Springs on Thursday, June 24, 2021, for In-processing Day.

Andrew Giuliani Defends Daddy Rudy In Bizarre Parking Lot Video

New York gubernatorial candidate Andrew Giuliani took to Twitter on Thursday to attack the “partisan” New York judges who suspended his father, former New York City Mayor Rudy Giuliani, from practicing law.

The younger Giuliani defended his dad passionately, claiming he “did everything, ultimately, by the book.”

But the impassioned video was mocked by Twitter users for various reasons ― like factual inaccuracy.

Others made fun of the framing of the video, which made the younger Giuliani look tiny compared to the parking lot where he inexplicably decided to mount his father’s defense.

Some people were surprisingly sympathetic to the gubernatorial candidate.

One person did have a valuable suggestion about how Giuliani could make his video even more impactful.

RELATED…

Opinion | Economics in a Post-Truth Nation

By Paul Krugman

Opinion Columnist

If a tree falls in a forest but nobody is there to hear it, did it make a sound? If we have a rapidly expanding economy but much of the electorate refuses to acknowledge it, is the country experiencing a boom?

Cramer's lightning round: 'I want to buy the stock of Verizon'

• It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Verizon: "I hear that the quarter is going to be better than expected. I think that they're doing a lot of business with Apple. I want to buy the stock of Verizon."

Greenbox Pos: "You should buy PayPal. I think PayPal is the winner. I want to own best of breed."

Vuzix: "I have to do work on that billion-dollar company. I've got to learn more."

Kinder Morgan: "I think KMI's good. They're not going to be able to build a lot of pipelines because the president doesn't want them, therefore that makes me feel there's scarcity value and I think you should be buying KMI."

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