EE Stock Up 2%

Shares of Excelerate Energy Inc. (EE) are currently trading at $24.80, up $0.60 or 2.48%, with trading volume of over 730K versus an average volume of 3.37 million shares.

As recently as on April 19, Excelerate Energy Inc. and Excelerate Energy Ltd. Partnership have entered into a senior secured revolving credit facility. The Facility enables the Borrower Excelerate Energy Ltd. Partnership to borrow up to $350 million over a three-year term which expires in April 2025.

On April 18, Excelerate Energy Inc. announced the closing of its initial public offering of 18,400,000 shares of its Class A common stock, including the full exercise by the underwriters of their option to purchase 2,400,000 additional shares of Class A common stock, at a price to the public of $24.00 per share. Excelerate received net proceeds of about $416.2 million, after deducting underwriting discounts and commissions.

Actinium: All Patients Receiving Iomab-B Able To Proceed To Bone Marrow Transplant In Phase 3 Trial

Actinium Pharmaceuticals, Inc. (ATNM) reported data from full patient enrollment in the phase 3 SIERRA trial of Iomab-B. The company said the data from the trial showed the potential of Iomab-B in enabling successful bone marrow transplant in patients who cannot typically be transplanted. 100% of patients receiving Iomab-B in the trial were able to proceed to a bone marrow transplant and all achieved engraftment compared to only 18% of patients on the control arm, the company noted.

“We intend to transform bone marrow transplant conditioning with Iomab-B, not only for patients with active, relapsed or refractory AML, but across multiple blood cancer indications. Positive topline data from the SIERRA trial will be a major catalyst in allowing us to achieve that goal and even expand beyond BMT to conditioning for cell and gene therapies,” Sandesh Seth, Actinium’s CEO, said.

Twitter Up 5% In Pre-market On Reports Elon Musk Will Close Deal As Early As Monday

Shares of Twitter, Inc. (TWTR) are rising almost 5 percent in pre-market on Monday on reports that the microblogging site’s board is set to accept an offer of $54.20 per share from Tesla founder and billionaire Elon Musk as early as Monday.

Musk made the non-binding proposal to acquire all of the outstanding common stock of Twitter not owned by Elon Musk for about $43 billion or $54.20 per share in mid-April and secured $46.5 billion in financing from Morgan Stanley and other financial institutions a week later.

Though Twitter initially adopted a so-called poison pill to fend off a potential hostile takeover, it became more receptive to the bid after Musk revealed he secured $46.5 billion in financing.

Prior to that, Musk revealed is a filing in the first week of April that he acquired a 9.2 percent stake in Twitter, becoming its largest shareholder.

Bank Of Marin Bancorp Q1 Profit Tops Estimates

Bank of Marin Bancorp (BMRC), parent company of Bank of Marin, reported Monday its net income for the first quarter of fiscal 2022 was $10.47 million or $0.66 per share, compared to $8.95 million or $0.66 per share in the prior-year quarter. Comparable earnings for the quarter were $0.68 per share.

Net interest income for the quarter was $29.90 million, up from $22.03 million in the year-ago quarter.

Total noninterest income also grew to $2.87 million from $1.83 million last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share on revenues of $30.48 million for the quarter. Analysts’ estimates typically exclude special items.

The Company’s Board of Directors declared a cash dividend of $0.24 per share on April 22, 2022, payable on May 13, 2022, to shareholders of record at the close of business on May 6, 2022.

Man killed in shooting, Adams County Sheriff’s Office says

A shooting this morning in Adams County left one man dead, the Adams County Sheriff’s Office said.

Authorities responded to the area near 700 Elbert St. after a shooting was reported. One man was pronounced dead after being taken to a hospital.

The investigation is ongoing.

European Economics Preview: Germany Ifo Business Confidence Data Due

Business confidence survey data from Germany is due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, the Turkish Statistical Office releases manufacturing confidence survey data for April.

In the meantime, Spain producer prices data is due for March. Prices had increased 40.7 percent year-on-year in February.

At 4.00 am ET, the ifo Institute is scheduled to issue Germany’s business climate survey report for April. Economists expect the sentiment index to fall to 89.1 from 90.8 in the previous month.

At 5.00 am ET, eurozone construction output is due from Eurostat.

At 6.00 am ET, the Confederation of British Industry publishes Industrial Trends survey results. The order book balance is seen at 21 in April versus 26 in March.

Tesla Will No Longer Deliver Mobile Connectors With New Cars

Luxury electric car maker Tesla Inc. (TSLA) will no longer include its mobile connector with new car purchases, CEO Elon Musk confirmed on Twitter.

“Based on feedback received, we will drop mobile connector price to $200 & make it easy to order with car. Note, mobile connector is not needed if you have a Tesla wall connector or to use Superchargers. Recommend installing Tesla wall connector well before car arrives,” Musk tweeted.

“Usage statistics were super low, so seemed wasteful. On the (minor) plus side, we will be including more plug adapters with the mobile connector kit,” he added.

The company will now sell its Gen 2 (Level 1) bundle separately for a lower $200 price. The Gen 2 Mobile Connector Bundle, which includes a 20-foot cable, a 220V-240V adapter and storage bag, actually costs $400 when purchased separately. With a max power output of 1.3kW, the connector gives charging speeds between two and three miles of range per hour.

Most Tesla customers user a dedicated Wall Connector installed at home or the thousands of Supercharger locations operated by the company that can offer up to a 200-mile range within 15 minutes for charging their EVs. Tesla had launched the Mobile Connector for people who can’t use either charging alternatives.