Category Archives: business

business, entertainment, media, technology, travel

Universal Studios tests track for new ‘Fast & Furious’ coaster

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Universal Studios Hollywood has tested the track for its newest attraction, the “Fast & Furious: Hollywood Drift” roller coaster, for the very first time, park officials announced Thursday.

This exciting new coaster will be the theme park’s first of its kind, featuring fully rotational ride vehicles designed to simulate the signature drifting action from the “Fast & Furious” franchise.

Guests can look forward to an immersive experience that brings the high-octane thrills of the popular movie series to life in a whole new way. Stay tuned for more updates as Universal Studios Hollywood prepares to launch this groundbreaking ride.
https://ktla.com/news/theme-parks/universal-studios/universal-studios-tests-track-for-new-fast-furious-coaster/

business, entertainment, gaming, media, technology

Electronic Arts’ Battlefield 6 smashes records for the series

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**Electronic Arts’ Battlefield 6 Smashes Records for the Series**

*October 16, 2025 – 1:10 PM ET*

Electronic Arts Inc. has announced that it sold more than seven million copies of its new Battlefield 6 title within the first three days of release. This achievement marks a record-breaking milestone for the first-person shooter franchise.

For comparison, the previous installment, Battlefield V, has sold just over 14 million copies in total since its launch. The rapid sales pace of Battlefield 6 highlights the strong demand and excitement surrounding the new release.

—

**Related Information**

– **EA Stock Symbol:** EA
– **Market Overview:** Recent trends and analysis for Electronic Arts Inc. stock, including performance indicators such as market capitalization, price-to-earnings ratio, yield, revenue growth year-over-year, and short interest.

Stay tuned for more updates and detailed coverage on Electronic Arts and Battlefield 6 as the story develops.
https://seekingalpha.com/news/4504924-electronic-arts-battlefield-6-smashes-records-for-the-series?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

biotechnology, business, finance, pharmaceuticals, stock market

Omeros (OMER) Stock Rallies 149% on $2 Billion Novo Nordisk Deal

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Omeros Corporation (NASDAQ: OMER) stock soared 149% to close at $10.19 on October 15, up $6.09 from the previous day’s close of $4.10. This dramatic surge followed the announcement of a $2.1 billion licensing and asset purchase agreement with Danish pharmaceutical giant Novo Nordisk for Omeros’ MASP-3 inhibitor drug candidate, zaltenibart (formerly OMS906).

### Significant Licensing Deal with Novo Nordisk

The deal grants Novo Nordisk exclusive worldwide rights to develop and commercialize zaltenibart, which targets rare blood and kidney disorders. Under the agreement, Omeros will receive $340 million in upfront and near-term payments, with potential milestone payments boosting the total deal value to $2.1 billion. Additionally, Omeros stands to earn royalties on future sales if zaltenibart successfully reaches the market.

Trading volume exploded to 77.9 million shares on October 15, a huge increase compared to the typical daily volume of 1.2 million shares. The stock opened the day at $11.53, hitting an intraday high of $12.77 before settling at $10.19. Over the past 52 weeks, OMER stock has traded between $0.92 and $12.87.

### Financial Position and Impact of the Deal

As of June 30, 2025, Omeros held just $28.7 million in cash and short-term investments and reported a cash burn of $58.9 million during the first half of the year. Without any current product sales and operating at a chronic loss, the company’s financial position has been precarious.

The $340 million upfront payment from Novo Nordisk is expected to bolster Omeros’ cash reserves significantly, enabling the company to pay down debts and fund operations for more than a year. Despite this, at midday on October 15, Omeros’ market capitalization was just under $700 million.

### Update on Lead Drug Candidate: Narsoplimab

While zaltenibart is a promising asset, it is not Omeros’ most advanced drug candidate. Their lead product, narsoplimab, a MASP-2 inhibitor, is currently under FDA review for treating hematopoietic stem cell transplant-associated thrombotic microangiopathy (HSCT-TMA). The FDA initially rejected narsoplimab’s application in 2021, citing difficulties in estimating treatment effects and requesting additional data.

Omeros submitted further data in December 2021. The FDA set an initial target decision date of September 25, 2025, but this was later extended to December 26, 2025. This delay extends the uncertainty regarding narsoplimab’s approval and commercial potential.

Adding to the concerns, narsoplimab failed a pivotal 2023 trial testing its efficacy in treating kidney damage from an autoimmune disorder different from HSCT-TMA. Moreover, the FDA likely requested a randomized controlled trial in 2021, a study Omeros did not conduct. Instead, the company compared a small group of 28 treated patients to similar untreated patients outside the trial.

### Looking Ahead

Omeros signaled in August 2025 that a significant deal was imminent, highlighting advanced negotiations around zaltenibart. The licensing agreement with Novo Nordisk represents a critical milestone for Omeros, potentially stabilizing the company’s finances while expanding the development prospects of zaltenibart under a major pharmaceutical partner.

Investors will be closely watching the FDA’s December decision on narsoplimab, which remains pivotal to Omeros’ future commercial success.

—

*The above content is based on developments as of October 15, 2025.*
https://bitcoinethereumnews.com/tech/omeros-omer-stock-rallies-149-on-2-billion-novo-nordisk-deal/?utm_source=rss&utm_medium=rss&utm_campaign=omeros-omer-stock-rallies-149-on-2-billion-novo-nordisk-deal

agriculture, business, commodities, finance, markets

Cattle Look to Thursday Following Weaker Wednesday Action

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Live cattle futures settled the Wednesday session with gains ranging from 20 to 35 cents. Preliminary open interest rose by 1,887 contracts on Wednesday. Additionally, 7 of the previous 10 deliveries were retendered against October live cattle for Amarillo.

Cash trade has yet to be reported this week, as the Wednesday Fed Cattle Exchange saw no bids or sales on the 1,172 head offered.

Feeder cattle futures recovered from midday lows to close the session with losses between 20 and 65 cents. The CME Feeder Cattle Index increased by another $1.45 to $374.47 on October 14.

USDA Wholesale Boxed Beef prices were mixed in the Wednesday afternoon report, with the Choice/Select spread at $17.32. Choice boxes were up $2.06 to $366.48, while Select boxes were down $1.39 to $349.16.

USDA federally inspected cattle slaughter for Wednesday was estimated at 122,000 head, bringing the weekly total to 348,000. This figure is 13,000 head above last week but 21,193 head below the same week last year.

**Live Cattle Futures Closing Prices:**
– October 2025 Live Cattle closed at $242.175, up $0.350
– December 2025 Live Cattle closed at $246.775, up $0.275
– February 2026 Live Cattle closed at $248.750, up $0.225

**Feeder Cattle Futures Closing Prices:**
– October 2025 Feeder Cattle closed at $379.725, down $0.450
– November 2025 Feeder Cattle closed at $380.675, down $0.650
– January 2026 Feeder Cattle closed at $377.850, down $0.200

As of the date of publication, Austin Schroeder did not have, either directly or indirectly, positions in any of the securities mentioned in this article. All information and data provided herein are solely for informational purposes.

For more detailed commodity analysis—from crude oil to coffee—sign up free for Barchart’s best-in-class market insights.

—

**More from Barchart:**
– Will Cattle Futures Continue to Reach New Highs During the Off-Demand Season?
– Beef Prices Are Going Up: What’s Behind the Surge and How Much Higher Will They Go?
– Commodity Market Roundup: August’s Top Performers and Underperformers
– The Bullish Cattle Stampede Rumbles On: Here’s What to Watch Next After Record Cattle Highs

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cattle-look-thursday-following-weaker-wednesday-action

business, economy, environment, politics, technology

Legacy Automakers Tap the Brakes on EVs as Road to Mass Adoption Gets Bumpy

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After years of ambitious pledges and multibillion-dollar bets on the future of electric vehicles, legacy automakers are facing a cold market reality. Consumer adoption has slowed, incentives have dried up, the political and cultural debate around EVs has grown more partisan, and Wall Street’s patience is wearing thin.

Just this week, General Motors took a $1.6 billion loss on its EV unit because it had built more production capacity than it currently needs. Earlier, Volkswagen Group idled two EV plants in Germany as sales stalled. Stellantis scrapped its target of reaching 100 percent EVs by 2030. Meanwhile, Ford delayed full-size EV truck and van programs and reallocated capital once earmarked for EVs to hybrids and gas-powered vehicles.

Despite what looks like a massive retreat from earlier EV promises, analysts say this moment reflects a recalibration, not a surrender.

Sam Abuelsamid, a longtime auto analyst and vice president of market research at Telemetry, described it as a “temporary correction” rather than a full retreat. “Electrification is the direction for the future; it’s just going to take longer to get there,” he told Observer in an email, noting that in today’s highly divisive political climate, many executives have become quieter about long-term plans, but none are completely “jumping ship.”

Consumer behavior, rather than corporate or regulatory retreat, is driving the current EV “correction,” said Stephanie Brinley, a principal automotive analyst at S&P Global Mobility. “[But] pricing, direct consumer experience and education, and concerns over infrastructure remain the hurdles to more widespread adoption.”

In fact, EV market share is still growing. From January to August, EVs accounted for 8.1 percent of the U.S. market, up from 7.7 percent during the same period last year, according to S&P Global data.

Still, EVs remain more expensive than hybrid or combustion rivals. Even Tesla, despite promising a sub-$25,000 model for more than a decade, has yet to crack the affordability barrier.

“The issues have not changed, but moving from early adopters to mainstream buyers is difficult, choppy and not as easy to predict,” Brinley said.

Abuelsamid admitted that the industry’s earlier projections that EVs would make up more than half of the U.S. market by 2030 were overly optimistic. He expects hybrids to dominate in the near future, gradually replacing internal combustion engines as the default powertrain.

For American buyers, hybrids offer what EVs have struggled to provide: no lifestyle changes and a longer range for less fuel. They’re also cheaper to produce than EVs because they use smaller batteries and require less complex software development.

Both analysts agree that automakers are navigating a long and uneven bridge toward a fully electric future, not abandoning it. What happens next will depend on breakthroughs in cost and technology, particularly in battery chemistry and cell-to-pack architectures, Abuelsamid said.

Automakers, he added, should shift focus away from high-end, high-performance EVs and collaborate to cut spending on expensive features customers don’t actually see, such as software platforms and electrical architecture.

“Even most mainstream EVs are plenty quick for everyday driving needs,” he said.

For now, automakers are balancing profitability with progress, trying to meet consumers where they are while continuing to invest in where they’ll eventually be.
https://observer.com/2025/10/legacy-automakers-tap-the-brakes-on-evs-as-road-to-mass-adoption-gets-bumpy/

business, energy, finance, international, technology

Multiply Group宣布拟通过股权置换收购2PointZero和Ghitha Holding

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阿联酋阿布扎比–(BUSINESS WIRE)–(美国商业资讯)–总部位于阿布扎比、在全球范围内投资和运营业务的投资控股公司Multiply Group (ADX: MULTIPLY)今日宣布，其董事会已批准一项提案，拟通过股权置换交易收购2PointZero和Ghitha Holding。

根据拟议条款，Multiply Group将以发行股票的方式收购2PointZero和Ghitha Holding，随后通过增发新股完成交易。目前该交易正处于审核阶段，仍需获得股东和监管机构的批准。

2PointZero是一家变革型投资公司，在能源、矿业和金融服务领域拥有可规模化资产，同时兼具AI赋能与能源转型加速能力，致力于推动更智能、更可持续的未来发展。

Ghitha Holding是一家领先的综合企业集团，业务涵盖农业、食品生产和分销，在保障粮食安全方面发挥关键作用。

这两家企业分别在能源与消费领域具备互补优势，而这两大领域是所有经济体的核心支柱，既支撑日常生活运转，也助力全球向更清洁、更智能的系统转型。

此次交易预计将通过在单一上市平台整合互补资产，提升Multiply Group整体业务的协同效应和市场竞争力。
http://www.businesswire.com/news/home/20251015203161/zh-CN/?feedref=JjAwJuNHiystnCoBq_hl-Rc4vIAVcHHkbDcwJimU8QtrtlakeQ9hNboBqTAWIjTge3KWq9s9jif-UkBjBsFRyYAbRTSLTc1mgvhPlnaBA55M-oupQnbXnhKsYk8RmHF_kAy2gZikaX3QWV6xOvgFlA==

business, entertainment, law, music, relationships

Why did Daddy Yankee sue his ex-wife? Relationship drama explored as rapper advices all artists to get a prenup

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Puerto Rican rapper and singer Daddy Yankee has an important message for up-and-coming artists: always have a prenuptial agreement.

In the music industry, protecting your assets and intellectual property is crucial. Daddy Yankee emphasizes that a prenuptial agreement can provide financial security and clarity for artists as they navigate their careers.

For emerging talents, this advice serves as a reminder to plan ahead and safeguard their future, both personally and professionally.
https://www.sportskeeda.com/us/music/why-daddy-yankee-sue-ex-wife-relationship-drama-explored-rapper-advices-artists-get-prenup

business, economy, finance, stock market, technology

Wipro GAAP EPS of $0.03 misses by $0.01, revenue of $2.56B in-line

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Wipro Limited announced its Q2 earnings with a GAAP EPS of $0.03, missing analyst expectations by $0.01. The company reported revenue of $2.56 billion, which was in line with market estimates.

The results were released on October 16, 2025, at 7:10 AM ET.

**Key Highlights:**
– GAAP EPS: $0.03 (missed by $0.01)
– Revenue: $2.56 billion (in-line with expectations)

Wipro Limited (Ticker: WIT) continues to be a notable stock to watch, with recent trends and related news influencing investor sentiment.

Stay tuned for more updates and detailed analysis on Wipro’s financial performance.
https://seekingalpha.com/news/4504714-wipro-gaap-eps-of-0_03-misses-by-0_01-revenue-of-2_56b-in-line?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

business, entertainment, finance, music, technology

beatBread unveils $100m global indie fund in partnership with AIM, WIN, IMPALA

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Two months after securing an additional USD $124 million in credit and equity capital, music financing platform beatBread has launched a new $100 million fund aimed at labels and distributors seeking alternatives to traditional industry financing.

The Global Independence Fund (GIF) marks an expansion of beatBread’s existing business model, which provides capital to independent music operations. The company has established the fund in partnership with several trade organizations representing independent labels, including AIM, AIM Ireland, WIN, and IMPALA.

This new financing vehicle will allow labels to access capital by borrowing against existing catalog revenue streams, securing advances for artist signings, and obtaining working capital for operational expenses. Unlike conventional deals, the GIF’s structure enables recipients to maintain control over their day-to-day operations.

In addition, distributors leveraging the GIF will gain access to OpenPlay, a delivery platform, as well as other services through membership programs run by the partner trade organizations.

beatBread notes that the launch of the GIF builds upon its label advance partnership with A2IM in the U.S., which began in November 2024.

Commenting on the fund’s launch, Matthew Tilley, beatBread’s Head of Artist & Industry Development, said:
“For too long, independent labels have had to play by rules set by incumbents, where access to capital comes at the cost of control, and the opportunity to sign and support artists is also limited by access to capital, even when those distributors or independent labels may otherwise be in the very best position to develop, market, and support a given artist. The Global Independence Fund is one element in the ongoing fight to change that.”

WIN CEO Noemi Planas added:
“beatBread has been a long-time supporter of the independent sector. This new funding initiative will not only offer more access to financing options, it will also provide additional benefits to members of leading independent organization friends programs.”

Planas continued:
“The Global Independence Fund is designed to give independent labels the leverage they need to build sustainable businesses on their own terms, compete with larger corporations, and retain independence. The future of music should be shaped by the diversity, creativity, and resilience of independent labels and artists. Expanding access and choice of funding options helps make that future a reality.”

beatBread also highlighted that labels interested in benefiting from the GIF will be able to choose their distribution partners and secure additional pools of co-investment capital from within beatBread’s Funding Network. Furthermore, they can compare various funding structures and options using beatBread’s Deal Comparison Tool.

Launched in February, the Comparison Tool aims to provide indie artists and labels with transparency regarding the long-term costs and potential earnings associated with different funding structures. Importantly, labels can use the tool regardless of whether they seek financing through the Global Independence Fund.

Independent labels interested in accessing the fund can apply directly through beatBread’s website. However, the company has not disclosed how it will allocate the $100 million across applicants or if it plans to raise additional capital for future deployments.

Founded in 2020, beatBread previously raised $34 million in a seed round in 2022 before closing a $100 million institutional fund later that same year. The company also launched an exclusive investor network in 2022, which brought funding from music companies, distributors, and high-net-worth individuals into its existing institutional capital pool.

In 2023, beatBread introduced multi-million dollar advances specifically for songwriters and added publishing administration services through partnerships with Kobalt and AMRA.

By February 2024, beatBread reported having paid advances covering both existing music catalogs and new, unreleased material to over 1,300 clients across six continents, with funding amounts ranging from $1,000 to over $10 million.

— Music Business Worldwide
https://www.musicbusinessworldwide.com/beatbread-unveils-100m-global-indie-fund-in-partnership-with-aim-win-impala/

automotive, business, international, news, technology

MG’s New S6 EV Reveal Was A Total Accident

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The first images of the new MG S6 EV have surfaced online, and somewhat amusingly, the source isn’t the automaker itself but Euro NCAP. The safety testing authority has unwittingly given us our first proper glimpse of the upcoming SUV.

### A Surprise First Look

MG has yet to release official photographs of the model, but its inclusion in Euro NCAP’s latest batch of crash-tested vehicles means we now have a reasonably clear look at its design—even if most of the images show it in a rather battered state.

Designing an SUV that looks good isn’t easy, but MG has certainly made a decent attempt with the S6. The front end is very similar to the smaller S5 and includes the same small, split front grille positioned at the very base of the bumper. The vehicle also features LED daytime running lights and separate headlamps housed within distinctive triangular-shaped elements.

At the rear, the S6 EV presents a sleek finish. The shape of the taillights and the continuous light bar are reminiscent of the Mercedes-Benz EQA, albeit with more complex lighting signatures. Additionally, the blacked-out bumper and sharp diffuser add to its sporty and modern look.

### What About the Interior?

While official images of the MG S6’s interior have yet to be released, the Euro NCAP crash test photos provide a few revealing glimpses. Between shots capturing airbags deploying into crash dummies, you can spot a squared-off steering wheel, a sizable central infotainment screen, and a head-up display positioned above the dashboard—all pointing toward a tech-forward cabin design.

### Safety and Specifications

On the safety front, the MG S6 EV scored a full five stars from Euro NCAP. It earned impressive ratings, including:

– 92% for adult protection
– 85% for child protection
– 84% for vulnerable road users
– 78% for driver-assist technologies

Although the report doesn’t detail drivetrain specifics, it confirms that both two-wheel and four-wheel-drive variants are planned. It is likely that the S6 will share the same single-motor rear-wheel-drive setup as the S5, which produces 228 hp and 258 lb-ft (350 Nm) of torque.

The all-wheel-drive version is expected to add a secondary motor up front, creating a dual-motor configuration with balanced output and broader appeal to prospective buyers.

### When to Expect the Reveal?

MG officials have confirmed that the full reveal of the S6 EV is scheduled for the end of November. Until then, these unexpected Euro NCAP images offer the best look at MG’s latest electric SUV, which promises to shake up the market with its design, safety, and performance credentials.

Stay tuned for more updates as the launch approaches!
https://www.carscoops.com/2025/10/mgs-new-s6-ev-reveal-was-a-total-accident/