22 Stocks Moving in Friday's Pre-Market Session

Focus Universal Inc. (NASDAQ: FCUV) rose 42% to $15.24 in pre-market trading. The company’s shares jumped around 65% over the previous month. vTv Therapeutics Inc. (NASDAQ: VTVT) rose 26.5% to $2.24 in pre-market trading after the company disclosed results of multiple ascending dose study and development plan for HPP737, an oral PDE4 inhibitor for the treatment of psoriasis.
Picture for 22 Stocks Moving in Friday's Pre-Market Session

Volvo Unveils Updated, Simplified Iron Mark Logo

Volvo has become the latest automaker to update its logo, adopting a more simplified version of the famous Iron Mark. The newly-designed Iron Mark logo features a simple 2D design finished in black. It is much more minimalist than the 3D design of the outgoing logo that even in photos, made it look like a physical badge.
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Evergrande's billionaire boss exuded calm as crisis grew

HONG KONG, Sept 24 (Reuters) - Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande (3333.HK), was facing mounting pressure with debt repayments. Hui, wearing a navy-blue suit...
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China's complete crypto crackdown

Good morning! This Friday, China said crypto is illegal, the European Commission wants to set a charging cable standard, and Lina Khan set a few goals for the FTC. China just took its hardest stance on cryptocurrencies yet. All crypto transactions are now illegal in China, the nation's central bank...

Antin IPO will inspire private equity copycats

LONDON, Sept 24 (Reuters Breakingviews) - Voltaire coined the phrase “pour encourager les autres” when someone makes an example to inspire good behaviour in others. Antin Infrastructure Partners (ANTIN.PA) has done something similar with its initial public offering which raised 550 million euros: Shares in the private equity firm bounced 25% on their market debut in Paris on Friday. It follows a similarly enthusiastic debut from London-listed rival Bridgepoint (BPTB.L).

1 Recent Healthcare IPO to Put on Your Radar

Innovation in the pharmaceutical industry has never been more exciting than it is right now, and there are some excellent companies that could be big winners for patient investors. In this Fool Live clip, recorded on Sept. 15, contributor Jason Hall explains to Senior Analyst Asit Sharma why Compass Pathways (NASDAQ:CMPS) in particular is on his watch list now.

German delivery startup Gorillas is raising $1 billion

Gorillas, a German grocery and convenience item delivery platform, reportedly is raising $1 billion at a $2 billion pre-money valuation from backers like Delivery Hero. Why it matters: This reflects how "legacy" delivery players are seeking access to instant, hyperlocal upstarts (i.e., the GoPuff model). That's why DoorDash was in talks earlier this year to back Gorillas, but reportedly is participating in a round for rival Flink at a $2.1 billion valuation.

SEC chair says agency desperately needs more employees

No official has been more publicly outspoken recently about regulator staffing shortages than SEC chair Gary Gensler. Complaints of this sort date back to at least 2009. What they're saying: “We’ve got an IPO boom, we have a SPAC boom, we have cryptocurrencies to deal with ... [and] China," Gensler told CNBC last week.

Alibaba was building a media empire. Now it's dumping Chinese TV shares

Hong Kong (CNN Business) — Alibaba is dumping its shares in one of China's largest TV broadcasters just months after it bought them, as the company comes under growing pressure from a government campaign to rein in Big Tech's power and influence. Alibaba (BABA) plans to sell its 5% stake...

Tortilla plans stock market float and expansion to 45 new sites

Mexican food chain Tortilla is to list on the stock market in London and has confirmed ambitious expansion plans for 45 new restaurants over the next five years.The fast casual dining group currently runs 62 restaurants, with 50 of these operating in the UK.It plans to list on the London Stock Exchange’s junior AIM market to help the group take advantage of growth opportunities.Tortilla said the challenges facing the hospitality sector due to Covid-19 have resulted in a “dramatically increased number of vacant units”, providing it with an “unprecedented opportunity” for expansion.The chain said it will open 45 sites in...

Omarova is dubious choice for U.S. bank cop

WASHINGTON, Sept 24 (Reuters Breakingviews) - Saule Omarova, a law professor picked by the White House to lead the U.S. Office of the Comptroller of the Currency read more , is a radical choice for the staid agency. She advocates scrapping private bank deposits and giving Americans accounts at the Federal Reserve. That kind of thinking is ill-suited for the body that oversees banks like JPMorgan (JPM.N) and Bank of America (BAC.N).

China ban shows crypto cons and a pro

NEW YORK, Sept 24 (Reuters Breakingviews) - The Chinese Communist Party is no fan of cryptocurrencies. Ten regulators have piled on in the People’s Republic read more , explicitly declaring all crypto activity to be illegal. It underlines the shortcomings of the asset class, but also – unintentionally – some of its appeal.

Russia's Sibur, TAIF embark on completion of merger, eye IPO

MOSCOW (Reuters) - Russia’s Sibur and TAIF on Friday entered the final stages of merging their petrochemical businesses as they gear up for an eventual initial public offering (IPO) of the combined entity. Dmitry Konov, head of Sibur Holding’s management board, said the IPO is still in the pipeline, although...

Alibaba is dumping its shares in China's Mango TV

Alibaba is dumping its shares in one of China's largest TV broadcasters just months after it bought them, as the company comes under growing pressure from a government campaign to rein in Big Tech's power and influence. Alibaba plans to sell its 5% stake in Mango Excellent Media, according to...

IPO market not 'slowing down' anytime soon: Expert

Rosecliff Capital CEO and managing partner Mike Murphy said the IPO market isn't slowing down anytime soon on FOX Business' "Mornings with Maria" Friday, noting that "great private companies can go public" and create a path to profitability. MIKE MURPHY: What the U.S. market is telling you: great private companies...

What's Fueling The Rise Of Angel Investors From Smaller Cities

You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India’s startup ecosystem is going through a paradigm shift in many ways. One such shift is the rise of angels investors from places beyond major cities. This is despite the risks associated with this asset class. The trend goes hand-in-hand...