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VerSe Innovation, the parent company of Dailyhunt, and Builder.ai are facing allegations of inflating revenue by issuing invoices to each other without providing services. Reports indicate that between 2021 and 2024, Builder.ai received nearly $60 million from VerSe for purported services, raising concerns about the legitimacy of these transactions.
Builder.ai and Dailyhunt are embroiled in a "round-tripping" scandal involving fake sales. The reporting emphasizes a commitment to ethical standards and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of the coverage. For any website glitches, readers are encouraged to reach out for assistance.
President Trump announced plans to double tariffs on steel and aluminum imports to 50%, effective June 4th, as part of his strategy to protect U.S. industries. Speaking at a U.S. Steel plant, he emphasized that the company would remain American-controlled despite a partnership with Japan's Nippon Steel, which is set to invest $2.2 billion in production and create 70,000 jobs. However, concerns from the United Steelworkers union about the implications of this partnership on national security and job security persist.
Investors in Zeekr, including CATL and Intel Capital, are challenging Geely's $2.2 billion bid to take the EV maker private, arguing it undervalues the company compared to competitors. Despite Zeekr's improved financial performance, its valuation has fluctuated dramatically, reflecting broader volatility in the EV market. The situation underscores the pressure for consolidation in the increasingly competitive Chinese EV landscape, where smaller players may struggle to survive independently.
KiranaPro has successfully acquired Likeo in an all-stock transaction, marking a significant move in the market. This strategic acquisition is expected to enhance KiranaPro's offerings and strengthen its position within the industry.
Morgan Stanley has resumed coverage of Loar Holdings Inc. (NYSE: LOAR) with an "Overweight" rating and a price target of $100, citing the company's effective growth strategy and a 11.1% year-over-year increase in net sales to $102 million in Q1 2025. The firm noted a rise in adjusted EBITDA margin to 37.6% and highlighted strong demand reflected in record bookings, alongside a favorable outlook for mergers and acquisitions.
Morgan Stanley has upgraded Loar Holdings Inc. to an Overweight rating with a price target of $100, citing the company's effective growth strategy and strong financial performance, including an 11% increase in organic growth and a 24.8% rise in revenue year-over-year. Jefferies analyst Sheila Kahyaoglu also raised her price target to $110, highlighting robust growth in the Defense sector and improved EBITDA margins. Loar's net income surged to $15.3 million, reflecting strong demand across its markets and consistent operational execution.
BNP Paribas Exane has maintained a Neutral rating on Goodyear Tire & Rubber with a price target of $11, following the company's $650 million sale of its Goodyear Chemical division to Gemspring Capital Management. This strategic move, which includes a long-term supply agreement, aims to enhance Goodyear's financial strategy by reducing debt and improving its balance sheet, while also preserving exposure to tariffs that could impact costs by up to $300 million annually. Meanwhile, JPMorgan upgraded Goodyear to Overweight with a target price of $17, citing improved execution and advantageous tariff positions for domestic manufacturers.
Tactical Resources Corp. announced that President and Executive Chairman Jeet Basi will participate in a virtual UBS conference call on May 30, 2025, to discuss the company's operations and the U.S. rare earths supply chain. The company is also moving towards a business combination with Plum Acquisition Corp III, expected to finalize in the latter half of 2025, which will lead to its listing on Nasdaq, enhancing its market presence. Tactical Resources focuses on U.S.-made rare earth elements essential for various advanced technologies.
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verSe Innovation and Builder.ai face allegations of inflated billing practices
17:27 31.05.2025
builder ai dailyhunt scandal exposes round tripping sales practices
10:10 31.05.2025
Trump announces plan to double steel and aluminum tariffs to 50 percent
06:44 31.05.2025
investors challenge geely's take-private bid for zeekr amid valuation concerns
06:00 31.05.2025
TikTok Shop to reduce workforce in Indonesia after Tokopedia merger
KiranaPro completes all-stock acquisition of Likeo in strategic move
12:13 30.05.2025
Morgan Stanley Rates Loar Holdings Overweight with Strong Growth Prospects
21:44 24.05.2025
Morgan Stanley Upgrades Loar Holdings to Overweight with $100 Price Target
13:14 24.05.2025
Goodyear Sells Chemical Division to Reduce Debt and Enhance Financial Strategy
12:34 24.05.2025
Tactical Resources to Join UBS Call and Advance Nasdaq Listing Plans
22:03 23.05.2025
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