HBO Max is finally coming to Amazon Fire TV under new deal
Volkswagen looking at carving out Lamborghini and Ducati
- Volkswagen is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it said on Monday.
- Two sources familiar with the matter told Reuters last month that Volkswagen was drawing up plans for a potential spin-off or initial public offering of the brands.
Volkswagen is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it said on Monday, as the German automaker seeks to streamline its operations and focus on mass-producting electric cars.
"We are working on our Italian legal structure," Chief Executive Herbert Diess said, referring to Lamborghini, Ducati and design studio Italdesign, while adding that no decisions had been made.
Two sources familiar with the matter told Reuters last month that Volkswagen was drawing up plans for a potential spin-off or initial public offering of the brands.
Diess was speaking after Volkswagen announced on Friday it would increase its planned investment in digital and electric vehicle technologies to 73 billion euros ($86 billion) over the next five years.
The CEO said on Monday that Volkswagen would miss its CO2 compliance target this year by "a gram or so".
He saw business recovering next year, with the company planning for a return to pre-COVID crisis levels in 2022, he added.
Lake Middle School closes Monday because of nearby water outage
Lake Middle School closed Monday because of a nearby water outage.
Parents were asked to pick up their students at the school, and buses were running for students as well, according to a statement from Denver Public Schools.
The outage was reported near Sloan’s Lake, according to the school system.
Our Emergency Services Team is working in the area and will provide more information as we receive it.
— Denver Water ? (@DenverWater) November 16, 2020
Stock Alert: Alterity Therapeutics Skyrockets On U.S. Patent Approval
Shares of Australia-based Alterity Therapeutics Ltd. (ATHE) are surging more than 152 percent or $1.75 in Monday’s morning trade at $2.90.
Monday, Alterity Therapeutics said it has received approval of a U.S. patent for next generation compounds to treat neurodegenerative diseases.
The patent, entitled “Compounds for and Methods of Treating Diseases”, covers over 150 novel pharmaceutical compositions that are designed to redistribute the labile iron implicated in Parkinson’s disease, Alzheimer’s disease and other neurodegenerative conditions.
The patent, which was filed in March 2020, underwent prioritized examination by the United States Patent and Trademark Office or USPTO. The patent confers on Alterity 20 years of exclusivity and will support the expansion of the company’s drug development portfolio, including its most advanced compound, ATH434.
Alterity Therapeutics has traded in a range of $0.28 to $5.15 in the past 52 weeks.
Lunch Special: Denver sports live chat with Mark Kiszla – The Denver Post
Got a question about Colorado sports? The Denver Post’s Mark Kiszla is discussing all things Denver sports in a live Lunch Special chat, scheduled to begin at noon on Monday, Nov. 16, 2020.
Mobile users, if you can’t see the live chat, tap here.
Stock Alert: Inovio Rises 4%
Shares of Inovio Pharmaceuticals, Inc. (INO) are climbing more than 4% Monday morning after the company said it has received clearance from the FDA to start Phase 2/3 study of its Covid-19 vaccine candidate, INO-4800.
In September, the FDA had sought for additional information about the phase 2/3 study and has been put on hold.
The phase 2/3 study dubbed INNOVATE, will be funded by the U.S. Department of Defense, the company said.
INO is currently trading at $11.69. It has traded in the range of $2.20- $33.79 in the past 52 weeks.
Stock Alert: Cerence Jumps 10% On Upbeat Results, Outlook
Shares of artificial intelligence solutions provider for the automotive market, Cerence Inc. (CRNC) are rising more than 10% Monday morning after the company reported upbeat third-quarter results. It also provided fourth quarter and full-year revenue outlook, exceeding the Street view.
The stock touched a new high of $79.84 this morning.
The company reported earnings on an adjusted basis of $0.61 per share compared with $0.52 per share in the same quarter a year ago. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share.
Revenue for the quarter increased to $90.9 million from $83 million last year. The consensus estimate stood at $79.33 million.
For the first quarter, revenue is expected to be in the range of $85 million to $90 million. Analysts see revenue of $82.1 million for the quarter.
The company expects full-year revenue to be in the range of $360 million to $380 million. The consensus estimate is for $316.38 million.
One hurt in Iranian gas station blast, no fatalities reported: TV
DUBAI (Reuters) – An explosion at a gas station in Iran’s capital Tehran on Monday injured at least one person, Iranian state media reported.
“A fuel tanker caught fire while unloading at the gas station at Pirouzi Street in Tehran,” fire department spokesman Jalal Maleki told state TV, adding that the fire had been contained.
“One person was injured and there were no casualties … everything is under control and the cause of the blast is being investigated.”
HBO Max is finally coming to Amazon Fire TV under new deal
WarnerMedia’s new streaming service HBO Max will begin rolling out this week on Amazon Fire TV and Fire tablets, roughly six months after its launch.
The service, which offers original content as well as movies and shows from HBO, Carton Network and Turner Classic Movies, debuted in May for phones and a host of smart TV platforms, but was notably absent from the biggest TV streaming platforms, Amazon Fire TV and Roku. It has yet to launch on Roku.
WarnerMedia did not disclose terms of the deal with Amazon. Both companies had been in negotiations for several months. The deal is an important one for HBO Max, which is trying to keep pace with rivals such as Netflix, Disney+ and Hulu, among others.
HBO Max finished the third quarter with just under 9 million active users. Together, the HBO premium cable channel and HBO Max have 38 million US customers and 57 million worldwide.
Starting Tuesday, the HBO app on Fire devices will automatically update to HBO Max, and users can login with their existing HBO credentials. Current HBO Max customers can access the app on their Fire devices using their existing credentials. New customers can subscribe to the service directly in the app for $14.99 a month.
The app is also available for people who already subscribe to HBO through Amazon Prime Video Channels.
