Latest news with #publiclytraded
Yahoo
a day ago
- Entertainment
- Yahoo
Los Angeles Times to Become Publicly Traded Company
The Los Angeles Times will become a publicly traded company, its billionaire owner Patrick Soon-Shiong announced on 'The Daily Show.' 'Whether you right, left, Democrat, Republican, you're an American. So the opportunity for us to provide a paper that is the voices of the people, truly the voices of the people [is important],' Soon-Shiong said. 'So I'm going to announce something with you tonight…that we are going to take LA Times public and allow it to be democratized and allow the public to have ownership of this paper.' More from Variety As L.A. Times and Washington Post Kill Presidential Endorsements, Do Editorial Pages Still Matter? Terry Tang Named Executive Editor of the Los Angeles Times Chuck Philips, Pulitzer-Winning L.A. Times Journalist Renowned for Investigative Reporting on Music Industry, Dies at 71 Soon-Shiong is an L.A.-based surgeon and businessman who invented the cancer drug Abraxane and founded NantWorks, an umbrella company for various healthcare and biotech start-ups. In 2018, he bought both the Los Angeles Times and the San Diego Union-Tribune in a deal worth nearly half a billion dollars. He sold the San Diego paper to MediaNews Group in 2023. Soon-Shiong's leadership at the Los Angeles Times has proved to be controversial among the staff and subscribers. In 2020, he blocked the editorial board from making an endorsement in the Democratic presidential primary (the paper was set to back Elizabeth Warren) but allowed an endorsement of Joe Biden in the general election. Then, in 2024, as the editorial board was set to throw its support behind Kamala Harris in the general election against Donald Trump, Soon-Shiong blocked the endorsement. His decision led to a wave of subscription cancellations and several resignations in protest from esteemed editors and writers. In the past couple of years, Soon-Shiong has expressed a desire to feature more conservative voices at the Los Angeles Times. More to come…. Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples Connectez-vous pour accéder à votre portefeuille
Globe and Mail
5 days ago
- Business
- Globe and Mail
Tradewinds Universal (TRWD) Announces Public Listing and Strategic Growth Vision
Brea, California--(Newsfile Corp. - July 18, 2025) - Tradewinds Universal (OTC Pink: TRWD), a diversified holding company based in Brea, California, is pleased to announce that it has officially become a publicly traded company under the ticker symbol TRWD. As an SEC current fully reporting entity, this milestone marks a significant step in the company's commitment to transparency, growth, and value creation. With its beginning roots in the health and nutrition space, Tradewinds Universal continues to expand its presence through its first holding and flagship brand, UP Proteins, which develops and markets sustainable protein products. Tradewinds Universal is actively developing an acquisition strategy to enhance shareholder value while emphasizing a non-dilutive growth strategy —intending to avoid the issuance of additional shares. This approach underscores the company's commitment to building long-term value and maintaining shareholder equity. On July 1, 2025, OTCMarkets Group implemented a significant update to its market structure by eliminating the OTC PINK tier and introducing the OTCID designation. As part of this update, SEC Current Reporting Companies must now enroll in the OTCMarkets service to be represented at the OTCID level. Tradewinds Universal is currently in the process of joining the OTCMarkets platform to comply with this requirement and ensure continued transparency to its investors. Investors can also view the company's full and up-to-date filings on the SEC's EDGAR database at "Going public under the TRWD ticker is a pivotal achievement for our company," said Andrew Read, CEO of Tradewinds Universal. "It reflects both the hard work that has brought us here and our broader vision to build a sustainable and growth-oriented enterprise. We're committed to leveraging our position to pursue acquisitions and innovations that align with our mission and values."
Yahoo
5 days ago
- Business
- Yahoo
Is quantum computing the next big thing in stocks?
Is quantum computing the next big thing in stocks? originally appeared on TheStreet. For decades, quantum computing had remained largely a theoretical concept. The promise was staggering, teasing machines that, in seconds, could solve problems that would take modern supercomputers hundreds of years to complete. That narrative is changing today, with billions of investor dollars pouring into the quantum computing industry, leading to breakthroughs in quantum hardware, algorithms, and supporting computing has already rapidly shifted from research papers and laboratories into early commercial deployments. Investors can now purchase shares of several publicly traded quantum computing stocks, allowing them to gain exposure to this budding market in their portfolios. But is quantum computing really the next big thing in stocks? Or is it just another fad, incapable of generating any real, meaningful value for investors over the long term? How quantum computing is different (and why it matters) Traditional, classical computers process information in zeros and ones called binary "bits." Quantum computers instead use qubits, which can represent a combination of zero and one simultaneously, thanks to a fundamental concept in quantum mechanics called "quantum superposition." The unique multi-state ability of qubits enables quantum computers to perform many calculations concurrently, which in turn allows them to solve certain types of problems exponentially faster than even the most advanced modern traditional supercomputers. But qubits are notoriously unstable. Even small environmental changes (temperature, vibrations, or electromagnetic interference, for example) can cause noise or "decoherence," causing them to lose their quantum leaders are investing billions of dollars to achieve truly stable qubits capable of maintaining themselves in a desired quantum state for a sufficient amount of time to perform accurate computations. Still, multiple industries are already working to harness the power of quantum computing. Health care and pharmaceutical companies hope to drastically accelerate timelines for various stages of pharmaceutical research and development. Logistics, automotive, and aerospace companies are looking to leverage vast amounts of data to speed up machine learning and find the most efficient routes around warehouses, roadways, and flight paths. Finance leaders are exploring ways to more quickly and accurately detect fraud, optimize investment portfolios, and price unusual derivatives. How big is the quantum computing market? The quantum computing industry is still in its infancy, but it's predicted to experience significant growth over the next decade. According to recent research published by McKinsey, quantum computing is expected to generate as much as $72 billion in revenue in 2035, up from approximately $4 billion in 2024. By 2040, researchers suggest the value of the quantum computing market could swell to nearly $150 Consulting Group has estimated that quantum computing could unlock between $450 billion and $850 billion in value over the next 15 to 30 years, primarily by accelerating R&D and creating efficiencies across various industries. Whether the market achieves such scale in that time frame remains to be seen, of course, given the wide variance in potential adoption rates, technological progress, and scale over the coming years. On quantum computing leaders, methodologies Various disparate quantum computing technologies are being embraced by multiple companies in the space. For instance, these four companies are among the most prominent quantum computing stocks accessible to investors today. Below is a brief discussion of their respective focus and chosen quantum methodologies. 💵💰 💰💵 IBM: () is perhaps the most visible quantum computing company, launching the first cloud-accessible quantum computer in 2016. IBM continues to invest heavily in its quantum efforts, outlining a roadmap to deliver a 100,000-qubit machine by 2033. IBM is also building Qiskit, a software ecosystem designed to cultivate quantum computing talent. Alphabet: Subsidiary Google () surprised industry watchers by declaring "quantum supremacy" in 2019 after performing a calculation on its Sycamore processor in 200 seconds that its researchers claimed would take a classical supercomputer 10,000 years. The milestone effectively demonstrated that quantum computers could vastly outperform their classical counterparts for specific tasks. Google continues to advance in areas such as quantum error correction. Microsoft: () is investing heavily in topological qubits, which may offer more inherent stability than other approaches. Microsoft's Azure Quantum platform also provides access to various quantum hardware providers. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time) Veteran portfolio manager raises eyebrows with latest Meta Platforms move Google plans major AI shift after Meta's surprising $14 billion move Rigetti Computing () went public in early 2022. The company focuses on developing and deploying integrated quantum computing systems using superconducting circuits. The company builds scalable, cost-effective quantum computers accessible to clients through quantum cloud services integrated with public, private, and hybrid cloud environments. IonQ () became the first publicly traded "pure-play" quantum computing company after listing on the public markets in late 2021. IonQ focuses on developing and commercializing "trapped-ion" quantum computers and related software, which are designed to use individual atoms trapped in space and manipulated by lasers to perform calculations. IonQ's researchers assert theirs is the "best path forward to scale." Like Rigetti Computing, IonQ aims to make quantum computing accessible through cloud platforms, including Amazon Braket, Microsoft Azure, and Google Cloud. It's still early days for quantum computing The quantum computing industry remains in its earliest, nascent stages, generating minimal revenue but with the potential to scale rapidly in the years to come. Significant advances in error correction and system scaling are required before quantum computing can achieve meaningful commercial scale. As that scale unfolds, it remains to be seen whether any particular hardware approach will prove superior at the expense of the others. Early investors would likely do well, then, to be prepared for volatility and to allocate only a small portion of their portfolios to quantum computing stocks. And even then, investors may want to split their allocation between a combination of quantum computing pure plays and larger technology giants for which quantum technology is only a small part of their overall quantum computing the next big thing in stocks? first appeared on TheStreet on Jul 17, 2025 This story was originally reported by TheStreet on Jul 17, 2025, where it first appeared.
Yahoo
14-07-2025
- Business
- Yahoo
Michael Saylor's Strategy Adds 4,225 Bitcoin, Bringing BTC Stack to 601,550
Strategy (MSTR), the largest publicly traded company holding bitcoin (BTC), increased its BTC reserves by acquiring 4,225 BTC for a total of $472.5 million last week. This latest addition brings Strategy's total bitcoin holdings to 601,550 BTC purchased for $42.87 billion, representing an average acquisition price of $71,268 per coin. At bitcoin's current market price of around $121,500, the company's BTC stack is valued at approximately $73 billion. Strategy financed the purchase through $330.9 million of net proceeds from common share sales under its at-the-market program, along with $71.1 million from STRK preferred shares, $55.3 million from STRF preferred shares, and $15.0 million from STRD preferred shares. Altogether, these transactions generated $472.3 million in net proceeds to fund the latest bitcoin acquisition. MSTR shares rose 2.50% percent to $445. Several other companies have also disclosed new bitcoin acquisitions on Monday. Sequans (SQNS) purchased 683 BTC, bringing its total holdings to 1,053 BTC. K33 (K33 AB) acquired 36 BTC and now holds 121 BTC, crossing the threshold of more than 100 bitcoin. Tao Alpha (SATS) bought its first 28.56 BTC. The Blockchain Group acquired 29 BTC, lifting its total reserves to 1,933 BTC. In addition, to Metaplanet's (3350) 797 BTC purchase. Sign in to access your portfolio
Bloomberg
04-07-2025
- Business
- Bloomberg
Canada's H&R Says It's in Talks on Potential Sale
H&R Real Estate Investment Trust, one of Canada's largest publicly traded real estate companies, is in discussions with multiple parties about a potential transaction that may result in a sale. The company said Friday it formed a special committee in February after receiving an unsolicited expression of interest. H&R has since received other proposals and is in discussions over these non-binding offers, it said in a statement. The shares jumped as much as 15% in Toronto.
