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India Today
a day ago
- Health
- India Today
Children's Hospital LA halts use of Sarepta's gene therapy for all patients
Children's Hospital Los Angeles has paused the use of Sarepta Therapeutics' gene therapy Elevidys for all patients with muscular dystrophy, following recent US Food and Drug Administration (FDA) actions that raised safety a statement Monday, Children's Hospital LA said the pause has been communicated to affected patient families while it awaits any further determination by the FDA. The hospital is amongst more than 70 nationwide authorised to administer Elevidys. Five other major children's hospitals asked to comment on whether they planned to continue use of the gene therapy did not immediately respond, Reuters decision, effective July 18, comes after the FDA asked Sarepta last week to voluntarily halt shipments of the treatment. The request followed the death of a muscular dystrophy patient who received a different, experimental gene therapy. Sarepta has so far refused to comply, stating it will "continue making the treatment available to ambulatory patients." Elevidys was granted full FDA approval last year for children with Duchenne Muscular Dystrophy who can still walk, and received conditional approval for non-ambulatory patients. However, Sarepta suspended use in non-ambulatory cases in June, after two teenagers died of liver failure following FDA's recent request reignited scrutiny of the therapy's safety profile. Shares of Sarepta, down about 90% year-to-date, fell 5% on Monday to close at $13.32 on Nasdaq.- EndsWith inputs from Reuters
CNBC
14-06-2025
- Business
- CNBC
Starbucks and Luckin are vying to win the coffee wars. I tested both out
Here's my first dilemma of the day: the new Luckin Coffee near my office in Hong Kong wants me to download their app for a $2 drink. Without it, it's $3.75. Fine. I register, get a WhatsApp code and scroll through their menu: fruity Americanos, a seasonal kale tea and the coconut milk latte — a bestseller with five sweetness levels. The menus are . This coconut comes from Luckin's own grove in Indonesia, it says, blessed by volcanic ash and ocean nutrients. The milk is cold-pressed within four hours of cracking the fruit open. Sure, Luckin. I click iced, no added sugar. Luckin, China's largest coffee chain, is betting its kaleidoscopic offerings and clever pricing can take on Starbucks globally. The chain landed in Hong Kong late last year and now has a dozen stores across the city. This branch alone has seven other coffee shops nearby, including Cotti Coffee, a rival founded by former Luckin executives (who were ousted over an accounting scandal that got Luckin delisted from Nasdaq. But that's another story). Cotti just opened stores in New York, and Luckin is set to follow. I try paying with credit card instead of Chinese e-payment options, but that means entering my billing details and address in-app. Too much work. I bail and use the kiosk instead at the higher price. Still need to input my phone number though. My 16-ounce drink promptly arrives. Chestnut brown in color, my first sip is bitter and refreshing. One stir with the paper straw and it turns pale blonde, the coconut's silky, nutty sweetness taking over. After a few more compulsive sips, it gets heavy. Mainstream coffee culture is converging globally, and Luckin is making it more digital, efficient — and gimmicky. Their basics — black coffee, oat milk latte — hook customers looking for a cheap caffeine fix (they cost roughly $2 each in Asia). Here, Starbucks has no real edge. "It comes down to value for money," an Australian buying a mocha from Luckin tells me. Office workers stream through, grabbing drinks pre-ordered on the app. Few linger. Andy Chan, 38, emerges from the nearby subway station and picks up his usual Americano en route to the office. "It's normal," the IT worker says of the quality. "And quite a bit cheaper than Starbucks." Hours later, I walk to the Starbucks down the block. Patrons are on their laptops or deep in conversation. Similar to Luckin, the drink offerings rotate through supposedly regional flavors, like matcha latte with tofu pudding. This branch just went cashless, notable in cash-stubborn Hong Kong. I order a yuzu cold brew, which is more like citrus slushy dunked in coffee. Nearly $6 for 12 ounces feels steep after Luckin, but the sign says the cold brews are steeped for 20 hours. I ask for a glass after the barista automatically reaches for a paper cup. The flavors click into focus once the sweet, herbal ice crystals soak up the coffee. As someone who usually drinks black coffee or a flat white at most, my two caffeinated desserts today have me wired. Businesses say they reward loyalty. Starbucks' take is getting you to lend them money while locking you in. The Seattle-based chain sits on $1.85 billion from its stored-value cards and loyalty programs as of the first quarter this year. A portion typically goes unredeemed — turning into revenue. Sales have been declining, but Starbucks has tapped interest-free capital this way for years. If Starbucks is acting like a bank, Luckin is like the startup gunning for scale. With coffee prices rising, chains like Luckin are grabbing market share through high turnover and compact spaces that drive down costs. Some people want the coffeehouse theater; others prize convenience and live digitally. Out of the latter, Luckin is building a treasure trove of data. Viral stunts like its Moutai liquor-infused latte help (I wouldn't try their kale tea, but this I would). Luckin launched nearly 120 items in 2024 alone, likely keeping Starbucks' Asian R&D teams up at night. Coffee is splintering into different worlds. You can get a pricey pour-over with wine-like tasting notes, an espresso at a historical cafe, a cortado at a boutique spot, or a boba-like latte at one of Luckin's 20,000+ outlets. Luckin may be turbocharging coffee fads with its dizzying flavor rollouts, but its core market of price-sensitive consumers aren't going anywhere. The future has room for different models — there are enough caffeine addicts and social drinkers to sustain various empires. But there's no denying the pressure is on incumbents like Starbucks to refresh their identity before third space becomes third choice.
Yahoo
29-05-2025
- Business
- Yahoo
Sono Group N.V. Reschedules Participation in Emerging Growth Conference to June 17, 2025
The Company invites individual and institutional investors to attend its real-time presentation at the Emerging Growth Conference Munich, May 29, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as 'Sono Group' or 'Sono', parent company to Sono Motors GmbH or 'Sono Motors') today announced that its previously scheduled presentation at the Emerging Growth Conference on May 21, 2025, has been moved to the next event in the series. The Company will now present on Monday, June 17, 2025, from 1:14 PM to 2:15 PM Eastern live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's Managing Director and CEO, George O'Leary, in real time. Mr. O'Leary will provide an update on the Company's strategy and recent developments, including the newly announced projects, the first quarter 2025 results published earlier this month, and key O'Leary will give a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@ or ask your questions during the event and Mr. O'Leary will do his best to get through as many of them as register here to ensure you are able to attend the conference and receive any updates that are recently published Q1 results demonstrate continued progress across our core business lines,' said George O'Leary. 'At the June 17 conference, I look forward to sharing more about our momentum in the Sono business plans, our expanding partnerships, new opportunities and an update on our planned uplisting to Nasdaq.'In addition to the Emerging Growth Conference, Sono also confirms George O'Leary's participation in the upcoming Webull EV Webinar, taking place on June 24, 2025. Further details, including the agenda and registration link, will be provided closer to the ABOUT SONO GROUP N.V. Sono Group N.V. (OTCQB: SEVCF) and its wholly owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., Sono Motors, and their solar solutions, visit and Follow us on social media: LinkedIn, Facebook, BlueSky, Truth Social, and STATEMENTS This press release may contain forward-looking statements. The words "expect", "anticipate", "intend", "plan", "estimate", "aim", "forecast", "project", "target", 'will' and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and its subsidiary Sono Motors GmbH (together, the 'companies'). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies' actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company's ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company's ability to satisfy the conditions precedent set forth in its recent securities purchase agreement ('Securities Purchase Agreement') and exchange agreement ('Exchange Agreement') entered into with YA II PN, Ltd. ('Yorkville'); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company's operating results; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission ('SEC'), including our Annual Report on Form 20-F for the year ended December 31, 2023, which are accessible on the SEC's website at and on our website at Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking SONO GROUP N.V. Press: press@ | Investors: ir@ | LinkedIn: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
11-04-2025
- Business
- Zawya
NESR breaks ground on 180,000 sq m facility at Saudi energy park
Saudi Arabia - King Salman Energy City (KSBC) has announced the ground-breaking of a 180,000 sq m facility by National Energy Services Reunited (NESR) within King Salman Energy Park (Spark). It reflects the group's commitment to promoting the localisation of the energy sector and supporting innovation and sustainability, said King Salman Energy City (KSBC) in its LinkedIn notification. The groundbreaking of NESR facility at Spark is a key move towards advancing energy localisation, innovation, and sustainability in support of Saudi Vision 2030. Founded in 2017, NESR is one of the largest national oilfield services providers in the Middle East and North Africa and Asia Pacific regions and was the first national energy company from Mena region to be listed on the Nasdaq.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
10-04-2025
- Business
- Trade Arabia
NESR breaks ground on 180,000 sq m facility at Saudi energy park
King Salman Energy City (KSBC) has announced the ground-breaking of a 180,000 sq m facility by National Energy Services Reunited (NESR) within King Salman Energy Park (Spark). It reflects the group's commitment to promoting the localisation of the energy sector and supporting innovation and sustainability, said King Salman Energy City (KSBC) in its LinkedIn notification. The groundbreaking of NESR facility at Spark is a key move towards advancing energy localisation, innovation, and sustainability in support of Saudi Vision 2030. Founded in 2017, NESR is one of the largest national oilfield services providers in the Middle East and North Africa and Asia Pacific regions and was the first national energy company from Mena region to be listed on the Nasdaq.- TradeArabia News Service
