Category: Business Financial News

Spero Therapeutics to Provide Business Update and Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, March 13, 2024

Spero Therapeutics, Inc.

Spero Therapeutics, Inc.

CAMBRIDGE, Mass., March 06, 2024 (GLOBE NEWSWIRE) — Spero Therapeutics, Inc. (Nasdaq: SPRO), a multi-asset clinical-stage biopharmaceutical company, focused on identifying and developing treatments in high unmet need areas involving rare diseases and multi-drug resistant (MDR) bacterial infections, today announced that it will host a conference call and live audio webcast on Wednesday, March 13, 2024 at 4:30 p.m. ET to report its fourth quarter and full year financial results and provide an update on its business and pipeline.

To access the call, please dial 1-877-704-4453 (domestic) or 1-201-389-0920 (international) and refer to conference ID 13744458, or click on this Link and request a return call. The audio webcast can be accessed on the “Events and Presentations” page under the “Connect” tab of the Company’s website at www.sperotherapeutics.com. The archived webcast will also be available on Spero’s website for 30 days following the call.

About Spero Therapeutics
Spero Therapeutics, headquartered in Cambridge, Massachusetts, is a multi-asset, clinical-stage biopharmaceutical company focused on identifying, developing, novel therapies for rare diseases and multi-drug resistant (MDR) bacterial infections with high unmet need.

  • Spero Therapeutics is developing SPR720 as a novel oral therapy candidate for the treatment of a rare, orphan pulmonary disease caused by non-tuberculous mycobacterial infections.

  • Tebipenem HBr is an investigational drug in the United States being developed for the treatment of complicated urinary tract infection (cUTI), including pyelonephritis, caused by certain bacteria, in adult patients who have limited treatment options; tebipenem HBr is not U.S. Food and Drug Administration (FDA)-approved.

  • Spero Therapeutics also has an IV-administered next generation polymyxin product candidate, SPR206, developed from its potentiator platform, which is in development to treat MDR Gram-negative infections in the hospital setting.

For more information, visit https://sperotherapeutics.com.

Investor Relations Contact: 
Ted Jenkins
Vice President, Investor Relations and

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Best Tech Stocks in 2024: Tech Investing 101

The technology sector is vast, comprising gadget makers, software developers, wireless providers, streaming services, semiconductor companies, and cloud computing providers, to name just a few. Any company that sells a product or service heavily infused with technology likely belongs to the tech sector.

Person working outdoors with laptop, phone, and headphones.

Image source: Getty Images.

What are Tech Stocks?

What are Tech Stocks?

Hardware Companies

These design and build devices such as:

  • Personal computers.
  • Smartphones.
  • Fitness trackers.
  • Smart speakers.
  • Enterprise equipment, such as servers and networking gear.

Software Companies

These design the software that runs on hardware, such as:

  • Operating systems.
  • Databases.
  • Cybersecurity software.
  • Productivity software.

Software companies are increasingly moving to a software-as-a-service model where customers buy a subscription to a program instead of a one-time license. The arrangement generates recurring revenue for the software company.

Semiconductor chips power the hardware. Semiconductor companies design and/or manufacture central processing units, graphics processing units, memory chips, and a wide variety of other chips that help to run today’s devices.

Telecom companies that provide wireless services are part of the tech sector. So are the video streaming companies that provide easy access to high-quality content, and the cloud computing providers that power those streaming services.

The best tech stocks in 2024

The best tech stocks in 2024

Many of the most valuable companies in the world are technology companies. These are some of the most dominant and impressive tech stocks that investors should consider:

  1. Amazon.com (AMZN -0.83%) is the leading online retailer and leading provider of cloud computing infrastructure.
  2. Microsoft (MSFT -0.71%) is a dominant software company known for its Windows PC operating system and Office productivity software. Microsoft is also the second-largest provider of cloud infrastructure.
  3. Apple (AAPL 1.02%) makes the iPhone, iPad, and Mac computers. Intense customer loyalty ensures plenty of repeat
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Want To Start a Small Business in 2024? Here’s What You Need To Know

Kikujiarm / Getty Images/iStockphoto

Kikujiarm / Getty Images/iStockphoto

Self-made millionaires often attribute their financial success to starting their own business. But starting a business that will actually perform well is easier said than done. The chance of failure is discouragingly high. According to the Bureau of Labor Statistics, approximately 20% of small businesses fail within their first year.

Read Next: How I Make $5,000 a Month in Passive Income Doing Just 10 Hours of Work a Year
Check Out: 6 Unusual Ways To Make Extra Money (That Actually Work)

And the odds of a small business collapse only increase as time goes on, with the failure rate upping to 30% by the end of year two, 50% by the fifth year and 70% by year 10.

How can you start a small business in 2024 that will stand the test of time and put you on the path to becoming a self-made millionaire?

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Now Is a Good Time To Start a Small Business

Though there are evergreen challenges for small businesses, 2024 is shaping up to be a great year to launch one.

“For those hesitant about starting a business, there has never been a more opportune moment,” said Yali Saar, co-founder and CEO at Tailor Brands. “The changing job market, combined with the rapid progression in AI, suggests a significant shift in occupational roles and opportunities. Consulting firm McKinsey estimates that around 12 million occupational transitions may be necessary by 2030 due to these advancements.

“This climate presents an ideal backdrop for starting a small business, offering a chance to innovate and adapt to the evolving economic landscape.”

Learn More: Ramit Sethi: 5 Easy Steps To Getting

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Crawford & Company unveils full-year financial results



Crawford & Company unveils full-year financial results | Insurance Business Canada















CEO highlights strong year with leap in net income

Crawford & Company unveils full-year financial results

Claims

By
Kenneth Araullo

Claims management specialist Crawford & Company has announced its financial outcomes for the fourth quarter ending December 31, 2023, alongside its annual results for the year.

Crawford & Company’s fourth quarter saw a slight increase in revenue due to foreign currency exchange rates, contributing an additional US$3.4 million or a 1% increase, making the revenues before reimbursements US$292.7 million. However, this marked a decrease of 9% from the fourth quarter of 2022. The net income attributable to shareholders, on a non-GAAP basis, totalled US$3.3 million in the fourth quarter of 2023, a decrease from US$11.4 million in the same period the previous year.

For the year 2023, excluding adjustments, Crawford & Company achieved consolidated revenues before reimbursements of US$1.280 billion, marking an 8% increase over 2022. The net income attributable to shareholders on a non-GAAP basis rose to US$47.0 million from US$33.4 million in 2022.

In terms of operational segments, North America loss adjusting reported a 10.3% decrease in fourth-quarter revenues to US$69.7 million from the previous year, but saw an annual increase of 10.5% to US$303.6 million. The operating earnings for this segment reflected a decrease in the fourth quarter but an overall increase for the year 2023.

International operations showed growth, with fourth-quarter revenues increasing by 9.9% to US$97.2 million and annual revenues up by 7.0% to US$382.4 million. This growth was partially attributed to the Van Dijk acquisition and showed an improvement in operating earnings from the previous year’s losses.

Rohit Verma, president and CEO of Crawford & Company, reflected on the year’s performance, emphasising the record-setting consolidated revenue and enhanced margin performance despite challenges

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What It Is and How It Can Benefit Your Company

Amazon spent the last 25 years building Amazon.com. It now serves over 300 million active customers a wide selection of goods at competitive prices. You may be one of them.

But different customers have different needs.

Amazon has long known that businesses and organizations were shopping for office supplies and other goods in bulk on its store. To better serve them, the company launched Amazon Business in 2015.

“Everything we do at Amazon starts with the customer, and we kept asking ourselves, ‘How can we better serve those business customers?’” said 20-year Amazon veteran Alexandre Gagnon, vice president of Worldwide Amazon Business. “The procurement space is ready for innovation. We have leveraged the size, expertise, technology, and infrastructure we have built at Amazon, and adapted it for businesses and organizations of all sizes.”

Amazon Business has since become one of the fastest-growing ventures in Amazon’s history. It reached $35 billion in annualized sales in 2023.

“I’ve been excited about Amazon Business since the day it launched,” said Doug Herrington, CEO of Amazon Worldwide Stores. “The Amazon Business team is committed to long-term success of their business and its customers. Day in and day out, we dig into the specific purchasing needs of businesses and organizations and come up with innovative ways to deliver great prices, extensive selection, and consistent, reliable convenience. Businesses and organizations need different tools and features for their purchasing, and Amazon Business has built those tools. But we know that’s not enough, and we’ll keep iterating to make the customer experience even better.”

More than 6 million customers are now buying on Amazon Business. This includes small and medium-sized companies like the family-owned Red River Brewing Company in New Mexico, as well as large companies and institutions. Ninety-six Fortune 100 companies use Amazon Business, including Intel and

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Warren Buffett’s 35 Best Quotes About Business, Investing, and Life

In this piece, we will take a look at Warren Buffett’s 35 best quotes about business, investing, and life. If you want to skip our introduction to the world’s best known finance professional and his approach towards investing, then you can take a look at Warren Buffett’s 10 Best Quotes About Business, Investing, and Life.

In the finance industry that is made of mega banks the likes of JPMorgan Chase & Co. (NYSE:JPM) and hundreds of hedge funds that include giants that manage hundreds of billions of dollars, few managers manage to gain celebrity like status. In fact, it would be unwise to conclude that when we talk about financial fame, Warren Buffett of the investment conglomerate Berkshire Hathaway isn’t the best known investor in the world. Buffett’s rise to fame in the finance industry is synonymous with the growth of big business in America in the aftermath of the post second world war industrial boom.

This growth has seen Buffett invest in some of the world’s most successful companies, and then just wait patiently over time to see the fruits of his prudent decision making yield the required results. Naturally, the fact that Warren Buffett is so famous is simply because the few companies that have been lucky to experience the Oracle of Omaha’s attention over the course of not years but decades have also grown to be the biggest in their industries worldwide.

While we’ll briefly mention some of Warren Buffett’s latest stock picks in a while, his success on the stock market and a unique approach to life has provided the Oracle with, well, sage like status. Investors and non investors from every walk of life eagerly go over Buffett’s words, and he’s got plenty to say as well. A compendium can be written full of

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New study validates the business value and opportunity of AI

As AI becomes more woven into society, its economic impact will be significant, and organizations are just starting to understand the extent of what’s possible. For companies to invest in AI though, it must make good business sense. Business leaders and decision makers need to understand the industry and line-of-business use cases that are best positioned to drive value within their organizations, what the return on investment will be, what time to value to expect, and how to get started. In short, they need help demystifying the business case for AI.   

To help companies understand the opportunities AI can unlock, Microsoft commissioned a study through IDC that provides unique insights into how AI is being used to drive economic impact for organizations. IDC surveyed over 2,000 business leaders and decision makers from around the world who are responsible for bringing AI transformation to life within their organizations. The study, which builds on the results from Microsoft’s Work Trend Index focused on workplace productivity, examines how companies are monetizing their AI investments, from generating new revenue streams to delivering differentiated customer experiences, to modernizing internal processes. Key findings from this study show*: 

  • 71% of respondents say their companies are already using AI 
  • 92% of AI deployments are taking 12 months or less 
  • Organizations are realizing a return on their AI investments within 14 months 
  • For every $1 a company invests in AI, it is realizing an average return of $3.5X  
  • 52% report that a lack of skilled workers is their biggest barrier to implement and scale AI   

The study illustrates that AI has demonstrable business value, and we are seeing this surface in core use cases within areas like employee experience, customer engagement and internal business processes, and how AI can help bend the curve on innovation.

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From founders’ idealism to flourishing startup | Waterloo News

Velocity-linked software company Float has secured $50 million in financing from Silicon Valley Bank to expand its financial services offerings to customers.  

The startup, which specializes in full suite corporate expense management software and cards, simplifies finance teams’ management of expense accounting. It serves businesses of up to 500 people, and some of Float’s 3,000-plus corporate clients include Neo Financial, Knix, Clutch and Nerva Energy.  

Co-founders Ruslan Nikolaev (BCS ‘20) and Griffin Keglevich says that by raising this capital, the company is positioned to attract more customers by expanding its underwriting capabilities.  

“This funding allows us to scale our existing charge card program even further and introduce more customers to Float,” Nikolaev says. “And scaling is critical because we will go beyond serving early-adopters and can serve the broader Canadian economy.”  

When Nikolaev and Keglevich met at the University of Waterloo as computer science students, their passion was to build cool things. They joined Velocity in 2019 to work on a company related to computer vision. Soon after, however, they abandoned their original business idea, and started working on the idea that would become Float.  

“At Velocity, we went through a good number of ideas until landing on Float,” Keglevich says. “Many have that idealism and cool ideas to work on, but a startup has to give tangible value to the world and that’s what we learned from Velocity — how to validate a problem, figure out how you’re actually going to solve it and then solve it.”  

Float card

He says learning that customer-first mindset gives them a leg up to innovate corporate spending, an area of financial services that has remained unchanged for decades.  

“A lot of companies are stuck with chaotic corporate cards and burdensome finances that take time away from employees and with Float they can make their

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Prime Medicine Reports Full Year 2023 Financial Results and Provides Business Updates

Prime Medicine, Inc.

Prime Medicine, Inc.

Maturing into clinical-stage company; on-track to file IND application or CTA for PM359 in 1H 2024, with initial data expected in 2025 —

— Progressing broader portfolio across core areas of focus; expect to initiate IND-enabling activities in first liver and ocular disease programs in 2024 —

— Advancing hotspot and PASSIGE™ Prime Editors for CF following entry into therapeutic development agreement with Cystic Fibrosis Foundation —

— Completed upsized $161 million public offering —

CAMBRIDGE, Mass., March 01, 2024 (GLOBE NEWSWIRE) — Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today reported financial results for the full year ended December 31, 2023 and provided a business update.

“In 2024, we anticipate undergoing a significant transformation, maturing into a clinical-stage company and bringing the first-ever Prime Editing-based therapeutic candidate to patients. We look forward to filing our first IND or CTA in the months ahead, and to commencing our Phase 1 clinical trial in CGD, a serious, life-threatening disease that we believe is uniquely suited for treatment with a Prime Editing-based approach,” said Keith Gottesdiener, M.D., President and Chief Executive Officer of Prime Medicine. “In parallel, we continue to progress our broader pipeline, where we are advancing programs across our core areas of focus: hematology and immunology, liver, lung, ocular and neuromuscular disease. This year, we expect to advance our first liver and ocular disease programs into IND-enabling studies, while continuing to explore business development opportunities that can accelerate our existing work, enable us to pursue additional programs, and provide access to innovation that can further advance Prime Editing. Over time, we believe the modularity of the Prime Editing platform will allow us to quickly build on our current efforts, unlocking opportunities across a

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What Companies, Including Small Businesses, Need To Know About A New Federal Law

Starting Jan. 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them. It’s the result of a 2021 law, the Corporate Transparency Act—or CTA—which requires reporting companies to file reports with FinCEN, the Financial Crimes Enforcement Network. The form isn’t yet available, but FinCEN has been rolling out guidance—including new information posted as of Dec. 12, 2023. Here’s what we know so far.

Who has to report?

Companies required to report are called reporting companies. Your company may be a reporting company and need to report information about its beneficial owners if your company is a corporation, a limited liability company (LLC), or other entity created by the filing of a document with a secretary of state or any similar office in the U.S., or a foreign company formed under the law of a foreign country that has registered to do business in the U.S. by filing of a document with a secretary of state or any similar office.

A domestic entity like a statutory trust, business trust, or foundation is a reporting company if it was created by filing a document with a secretary of state or similar office. The specifics of whether certain entity types, such as trusts, require filing a document with the secretary of state or similar office to be created or registered depend on state law.

Is a sole proprietor a reporting company?

No, unless a sole proprietorship was created (or, if a foreign sole proprietorship, registered to do business) in the U.S. by filing a document with a secretary of state or similar office. A good rule of thumb? A company qualifies as a reporting company if it was created (or, if

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