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Compass Pathways Announces Third Quarter 2024 Financial Results and Business Updates
LONDON & NEW YORK--(BUSINESS WIRE)---- $CMPS #Biotech--Compass Pathways plc (Nasdaq: CMPS) (“Compass”), a biotechnology company dedicated to accelerating access to evidence-based innovation in mental health, today reported its financial results for the third quarter 2024 and an update on recent business progress. “Ensuring the success of our lead COMP360 program is our absolute priority. We remain confident that COMP360 can be an effective therapy for patients with serious mental illness and our focus on deliveri
Lazard Reports Third-Quarter and Nine-Month 2024 Results
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $785 million and adjusted net revenue1 of $646 million for the quarter ended September 30, 2024. For the first nine months of 2024, Lazard reported net revenue of $2,235 million and adjusted net revenue1 of $2,077 million. On a U.S. GAAP basis, Lazard reported third-quarter 2024 net income of $108 million or $1.02 per share, diluted. For the first nine months of 2024, net income was $194 million or $1.88 per share
Lincoln Financial Reports 2024 Third Quarter Results
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today reported financial results for the third quarter ended September 30, 2024. Net income (loss) available to common stockholders was $(562) million, or $(3.29) per diluted share. Adjusted operating income (loss) available to common stockholders was $358 million, or $2.06 per diluted share. The primary differences between net income (loss) and adjusted operating income (loss) resulted from the following factors: $(446) million of the
DriveWealth Advances Global Expansion Plans with European Brokerage License from Bank of Lithuania
NEW YORK--(BUSINESS WIRE)--DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license accelerates DriveWealth’s international expansion and marks its third region with regulatory status, including the United States, Singapore, and now the European Economic Area. DriveWealth powers modern investing experiences, including 24-
Milliman wins “Climate and sustainability consultancy of the year” in 2024 InsuranceERM Awards
SEATTLE--(BUSINESS WIRE)--Milliman was named "Climate risk consultancy of the year" by InsuranceERM
Experian: Americans Are Embracing Gen AI to Make Smart Money Moves
COSTA MESA, Calif.--(BUSINESS WIRE)--New Experian® research released today highlights a strong interest among U.S. consumers in using generative AI for personal financial management.
Infobip recognized as RCS Business Messaging Leader by Juniper Research
VODNJAN, Croatia--(BUSINESS WIRE)--Global cloud communications platform Infobip has been named number one among Established Leaders in RCS Business Messaging by analyst firm Juniper Research. In Juniper Research’s RCS Business Messaging Competitor Leaderboard 2024, Infobip has been recognized for its superior product and positioning, and enhanced capacity and capability. Juniper Research scores vendors on a range of factors including but not limited to their geographical reach, depth of partner
Crescent European Specialty Lending Leads Financing for the Acquisition of Independent Governance Group by ECI Partners
LONDON & LOS ANGELES--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy led the financing in support of the acquisition of Independent Governance Group (IGG), a leading provider of professional trustee, governance and secretarial services to the UK pension sector, by ECI Partners, the UK-based mid-market private equity firm. IGG was founded in February 2023 following the merger of two long-estab
BeautyMatter Announces Song Candy Media as NEXT 2024 Award Winner: Best Social Media & Influencer Agency
LOS ANGELES--(BUSINESS WIRE)-- #agencyawards--Song Candy Media is proud to announce that we have won Best Social Media + Influencer Agency in the 2024 BeautyMatter NEXT Awards. This prestigious recognition underscores our commitment to innovation, creativity, and leadership in the beauty industry, setting us apart as one of the leading forces shaping the future of beauty. "This recognition is a testament to our belief that the most impactful content isn’t just broadcasted but engages and connects with people o
AlbaCore appoints European Credit Veteran Luke Gillam as Head of Senior Direct Lending
LONDON--(BUSINESS WIRE)--European credit specialist, AlbaCore Capital Group, is pleased to announce the appointment of Luke Gillam as Partner, Head of Senior Direct Lending.
Deepfake Fraud Costs the Financial Sector an Average of $600,000 for Each Company, Regula’s Survey Reveals
RESTON, Va.--(BUSINESS WIRE)-- #deepfakes--Regula, a global developer of forensic devices and identity verification solutions, reveals new survey findings, “The Deepfake Trends 2024.” The stats highlight the financial impact deepfake fraud has on businesses across industries and countries. While the average loss for most organizations reached $450,000, the Financial Services sector experienced a greater burden, exceeding $603,000. Losses of up to $450,000 appeared to be a reality for 92% of surveyed busines
Primerica Household Budget Index: Purchasing Power for Middle-Income Families Rose for the Fifth Consecutive Month as Gas Prices Sharply Declined
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services and products in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with income between $30,000 and $130,000. In September 2024, the average purchasing power for middle-income families was 102.7%, up from 102.1% in August 2024. This marks the fifth consecutive month
Camping World Announces Pricing of Offering of Class A Common Stock
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE:CWH) (“Camping World” or the “Company”) announced today the pricing of an underwritten public offering of 14,634,146 shares of its Class A common stock (the “Class A Common Stock”) at a public offering price of $20.50 per share pursuant to a registration statement filed on Form S-3 with the Securities and Exchange Commission (the “SEC”). Additionally, the Company has granted the underwriters a 30-day option to purchase up t
TCW Names David Kim as Head of Japan
LOS ANGELES & TOKYO--(BUSINESS WIRE)--The TCW Group, a leading global asset management firm, announced today the appointment of David Kim as Managing Director and Head of TCW Japan. He is based in the firm’s Tokyo office and reports to Jennifer Grancio, Global Head of Distribution. In this role, Mr. Kim is responsible for overseeing the expansion of TCW’s presence and offerings in Japan, leading Japanese distribution strategy and execution, and managing TCW’s growing team in Tokyo. “David bring
Ademi LLP Investigates Claims of Securities Fraud against Super Micro Computer, Inc.
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating possible securities fraud claims against Super Micro Computer (Nasdaq: SMCI). The investigation results from inaccurate statements Super Micro Computer may have made regarding its accounting, business operations and prospects. Click here to learn more about the investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. The investigation focuses on the recent announcement of Super Micro Computer that i
CareTrust REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of its upsized underwritten public offering of 13,800,000 shares of common stock at a price to the public of $32.00 per share. The offering is expected to close on November 1, 2024, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,070,000 shares of com
Lazard Declares Quarterly Dividend of $0.50 Per Share
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 15, 2024, to stockholders of record on November 8, 2024. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard pr
KBRA Assigns AA Rating, Stable Outlook to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2024 Series E
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles (LADWP) Power System Revenue Bonds, 2024 Series E. Concurrently, the rating on outstanding Power System Revenue Bonds is affirmed at AA. The Outlook is Stable. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives LADWP is at the vanguard of U.S. public utilities in the transition to green energy and is
KBRA Assigns Preliminary Ratings to Provident Funding Mortgage Trust 2024-1 (PFMT 2024-1)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 30 classes of mortgage pass-through certificates from Provident Funding Mortgage Trust 2024-1 (PFMT 2024-1). Provident Funding Mortgage Trust 2024-1 (PFMT 2024-1) is an agency eligible conforming RMBS transaction comprising 701 residential mortgages with an aggregate principal balance of $357.2 million as of the October 1, 2024 cut-off date. The underlying collateral consists entirely of agency-eligible, fully amortizing, fixed-rate
Marsh McLennan Announces Pricing of $7.25 Billion Senior Notes Offering
NEW YORK--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC) (the “Company”) announced today that it has priced $950 million aggregate principal amount of its 4.550% Senior Notes due 2027, $1,000 million aggregate principal amount of its 4.650% Senior Notes due 2030, $1,000 million aggregate principal amount of its 4.850% Senior Notes due 2031, $2,000 million aggregate principal amount of its 5.000% Senior Notes due 2035, $500 million aggregate principal amount of its 5.350% Senior Notes due 2044, $1,