Chemomab Therapeutics 주식 (NASDAQ: CMMB)

에 대한 최신 뉴스 Chemomab Therapeutics (NASDAQ:CMMB) 주식

Chemomab Therapeutics

Chemomab Therapeutics Ltd is a clinical-stage biotech company, focusing on the discovery and development of therapeutics for fibrosis-related diseases with large unmet needs. The company's candidate, CM-101, is a monoclonal antibody that targets CCL24 and was shown to interfere with the underlying biology of liver, skin, and lung fibrosis using a novel and differentiated mechanism of action. CM-101 has demonstrated the potential to treat multiple severe and life-threatening fibrotic and inflammatory diseases. It is advancing three Phase 2 clinical trials in parallel for CM-101, treating rare fibrotic conditions.

Chemomab Therapeutics Ltd. - American Depositary Shares

Chemomab Therapeutics Ltd

Brookdale Senior Living Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKD#NYSE">BKD</a>) ("Brookdale" or the "Company") today commented on a report issued by the proxy advisory firm Institutional Shareholder Services ("ISS") in connection with the election of the Company's director nominees at its 2025 Annual Meeting of Shareholders ("Annual Meeting"), scheduled to be held on July 11, 2025:
<a href="https://mma.prnewswire.com/media/687685/Brookdale_Senior_Living_Logo.html"><img src="https://mma.prnewswire.com/media/687685/Brookdale_Senior_Living_Logo.jpg" alt="Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)" /></a>
Brookdale agrees with ISS's recommendation against giving Ortelius control of the Company's Board of Directors and notes ISS's view that "…the dissident has not provided shareholders with a means to assess performance if it gains control of the board".
Further, ISS notes that "…the dissident does not provide enough details for shareholders to fully assess the plan's feasibility or track execution", also stating:&nbsp;
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<li>&nbsp;
<ul>
<li>"The dissident's plan is focused on shrinking the company's portfolio in an effort to improve the company's overall operating metrics, primarily occupancy rates, NOI, and leverage…it is unclear what the expected timing of a sale process would be, what the expected proceeds of a sale would amount to, who the potential buyers are, whether higher occupancy assets need to be included in any portfolios that would be sold, and how the dissident would negotiate with the company's lenders to sell assets that may be part of larger loan collateral pools. Further, the dissident has not indicated the expected extent to which the company may be able to delever." &nbsp;</li>
<li>"The second primary part of the dissident's plan is for the company to exit the entirety of its leased portfolio… The dissident has not provided an estimate of the potential costs to break the leases. Further, it is unclear whether the company's lessors would be willing to terminate the leases at a reasonable price, and the dissident has not provided sufficient evidence that the company would be able to execute on the planned terminations."</li>
</ul>
</li>
</ul>
While we agree with ISS that Ortelius should not have control of the Brookdale Board, we strongly believe that ISS reached the wrong conclusion in failing to recommend that shareholders support ALL of Brookdale's eight highly qualified director nominees. Replacing Lee Wielansky or Victoria Freed with dissident nominees Lori Wittman or Steven Vick would deprive the Board of key skillsets, expertise, and institutional knowledge at a critical time, could impair the Board's ability to recruit and oversee a new CEO with the requisite background to move the Company forward and could jeopardize shareholder value creation.
Ortelius candidate Ms. Wittman's career has been concentrated at Real Estate Investment Trusts ("REIT") focused on single-tenant net lease retail properties, medical facilities and cannabis-related retail. Further, Ms. Wittman's real estate experience has been focused largely on financial management and capital markets, with her limited exposure to senior living being through finance and investor relations roles at REITs. Moreover, Ms. Wittman's real estate experience is primarily in the skilled nursing industry, which represents only 2% of Brookdale's business. Brookdale is an operator of senior living communities, not a REIT, providing healthcare, hospitality and senior living services with the ability to serve approximately 58,000 residents each day. We believe Ms. Wittman's non-operational background in REITs does not translate to the needs of Brookdale as an operator in senior living, and that she lacks critical knowledge and skills to contribute meaningfully to the Board. &nbsp;
By contrast, Mr. Wielansky's four decades of real estate experience are deeply rooted in operations, offering strategic insight into not only asset management and development but also operational efficiency. Under Mr. Wielansky's leadership in his prior role as Non-Executive Chairman of the Board and in his current role as Chair of the Board's Investment Committee, we have made substantial progress on optimizing our real estate portfolio. We have reduced our leased properties by nearly 50% and completed the disposition of approximately 350 communities since 2017, streamlining our portfolio to one that is delivering profitable occupancy growth. Mr. Wielansky's expertise provides a critical skillset for the continued optimization of our portfolio that remains a fundamental part of the Board's strategy. In addition, his institutional knowledge of our business and operations will be crucial to the effective onboarding of a new CEO and the continued execution on our strategy.
Ortelius candidate Mr. Vick has not held a meaningful leadership or governance position at any public company in more than two decades, and he previously departed Alterra Healthcare within a year of it filing for bankruptcy, raising significant questions regarding his tenure as President and COO and as a director of Alterra. His more recent senior living experience appears limited to private and smaller-scale ventures, which would not scale to Brookdale, which operates approximately 650 communities, and his track record at those ventures is also unclear. Further, any senior housing experience attributed to him is already well-represented on Brookdale's Board through Brookdale directors Elizabeth Mace and Denise Warren.
On the other hand, Ms. Freed brings a unique and highly valuable background in sales and marketing and hospitality, a skillset that is not offered by Mr. Vick or Ms. Wittman. Her more than 25 years of executive leadership expertise in sales, revenue management, customer service and marketing provide Brookdale with essential insights into customer revenue generation within the hospitality industry. Brookdale is a resident-first business that must attract older adults making lifestyle and healthcare choices, and Ms. Freed's experience is essential to growing profitable occupancy and driving continued improvements in resident and family member satisfaction. Ms. Freed manages marketing for a $16B+ revenue public company and her expertise in large-scale branding and customer engagement provides critical insights for our operators. Ms. Freed also has played a critical role in Brookdale's strategic ongoing board refreshment as Chair of the Board's Nominating and Corporate Governance Committee. During her tenure, she has overseen our four most recent appointments of independent directors, diligently executing director searches and interviews and focusing on evolving the Board's skillsets to appropriately support the current and future needs of the Company.
Brookdale's Board has taken an intentional approach to refreshing its composition in order to achieve a balance of tenure, critical skillsets and fresh perspectives brought by directors with a balanced mix of skills that are relevant to Brookdale's business and strategy. If Mr. Wielansky and Ms. Freed are removed from the Brookdale Board and Ms. Wittman and Mr. Vick are added, six of Brookdale's eight directors would have served on the Board for approximately one year or less. Not having experienced directors on the Board to provide effective support and oversight of the management team could present a significant challenge to the Board's ability to recruit a first-class CEO. With the addition of Ortelius' nominees, Brookdale would effectively have a new board and CEO, both lacking sufficient and essential historical knowledge of the Company, which would significantly disrupt the execution of our strategy at this pivotal inflection point.

News

Brookdale Pushes Back on Board Shakeup, Backs Own Directors After ISS Rejects Dissident Plan

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.85 by 13.25 percent. This is a 27.45 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $2.02 billion which missed the analyst consensus estimate of $2.05 billion by 1.28 percent. This is a 2.84 percent decrease over sales of $2.08 billion the same period last year.

Earnings

Earnings Misses

Commercial Metals Q3 Adj. EPS $0.74 Misses $0.85 Estimate, Sales $2.02B Miss $2.05B Estimate

Maye Musk, mother of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, commemorated the company&#8217;s Robotaxi launch by reflecting on her early experience with Tesla&#8217;s first vehicle nearly two decades ago.
What Happened: &#8220;In 2008, the Tesla Roadster was launched. I borrowed one for this photoshoot in NYC. No one knew what it was,&#8221; Maye Musk wrote on X. &#8220;And now, it&#8217;s Tesla Robotaxi day in Austin, Texas. Love the excitement on the X posts &#8211; being driven in a car without a driver, steering wheel or pedals is so cool.&#8221;
Tesla officially launched its Robotaxi service in Austin on Sunday, marking a significant milestone in the autonomous vehicle sector. The small-scale rollout featured over 10 Tesla Model Y vehicles operating in Austin&#8217;s South Congress neighborhood through an invite-only event <a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">targeting social media influencers</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2008, the Tesla Roadster was launched. I borrowed one for this photoshoot in NYC. No one knew what it was. And now, it's Tesla Robotaxi day in Austin, Texas. Love the excitement on the <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> posts &#8211; being driven in a car without a driver, steering wheel or pedals is so cool &#x1f60e;… <a href="https://t.co/EmUrpVYmQ1">pic.twitter.com/EmUrpVYmQ1</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1936807446099464391?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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The company deployed a dedicated booking app similar to Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) for ride-hailing services. Tesla positioned safety monitors in the front seats during operations, though their level of control over the Unsupervised Full Self-Driving (FSD) system remains unconfirmed.
See Also: <a href="https://www.benzinga.com/news/travel/25/06/46045416/us-issues-worldwide-caution-after-strikes-on-irans-nuclear-sites-state-department-warns-of-airspace-closures-travel-chaos-and-rising-threats-to-americans-abroad" target="_blank" rel="noreferrer noopener">US Issues Worldwide Caution After Strikes On Iran's Nuclear Sites: State Department Warns Of Airspace Closures, Travel Chaos And Rising Threats To Americans Abroad</a>
Why It Matters: Tesla&#8217;s entry into autonomous ride-hailing intensifies competition with Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox. Waymo has expanded operations across California and conducts trials nationwide, while Zoox has established a second production facility to scale operations.
The launch comes as Tesla faces scrutiny from the National Highway Traffic Safety Administration regarding FSD performance in <a href="https://www.benzinga.com/markets/tech/25/06/46047653/tesla-stock-climbs-nearly-2-in-monday-pre-market-whats-going-on">adverse weather conditions</a>. Wedbush Securities analyst Dan Ives previously valued Tesla&#8217;s AI and autonomous driving technology at $1 trillion.
Tesla shares climbed 1.5% in Monday pre-market <a href="https://www.benzinga.com/markets/tech/25/06/46047653/tesla-stock-climbs-nearly-2-in-monday-pre-market-whats-going-on">trading following the announcement</a>. The company also announced plans to invest $8 billion in U.S. manufacturing in 2025, following $10 billion invested in 2024.
Tesla scores high on Momentum, Quality, and Growth, but falls short on Value. For more insights like this, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">sign up</a> for Benzinga Edge Stock Rankings today!
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="880" height="624" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23060944/image-327.png" alt="" class="wp-image-957916" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23060944/image-327.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23060944/image-327-300x213.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23060944/image-327-768x545.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/06/46045651/northrop-grumman-jumps-5-overnight-as-b-2-bombers-return-to-missouri-after-36-hour-iran-strike-trump-says-job-well-done">Northrop Grumman Jumps 5% Overnight As B-2 Bombers Return To Missouri After 36-Hour Iran Strike: Trump Says &#8216;Job Well Done&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Vladimir Tretyakov / Shutterstock.com

Markets

AMZN

GOOG

GOOGL

TSLA

UBER

Elon Musk's Mother Recalls Borrowing First Tesla Roadster In 2008—Now Celebrates Robotaxi Launch With Joyride In Driverless Car: 'No One Knew What It Was'

<a href="https://www.globenewswire.com/Tracker?data=C4U7nG3ixwmnvBaYWgIM4sKXpKltVhRZkF8iwlB0Jaalf4btwePIDM21cPvnnb9zo4R0S93jasY0RUot44iB5OWsFxUo4bshr17HRollWEw=">Hyperscale Data, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NYSE">GPUS</a>), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that it does not currently intend to pursue additional equity offerings, given that it has entered into existing financing agreements whereby it expects to raise up to an additional $68 million in preferred investments. These agreements, if completed in their entirety, would significantly bolster the Company's capital position.
To date, Ault &amp; Company, Inc., a private holding company controlled by the Company's Founder and Executive Chairman, Milton "Todd" Ault III, has invested almost $51 million in Hyperscale Data through multiple tranches of preferred stock, and has agreed to invest up to an additional $24 million pursuant to the December 2024 securities purchase agreement providing for the purchase of up to $25 million shares of Series G convertible preferred stock and associated warrants.
Additionally, the Company recently entered into a separate securities purchase agreement with an institutional investor to sell up to $50 million of Series B convertible preferred stock (the "Series B Preferred"). The agreement provides for multiple tranche closings, offering the potential of ongoing access to capital aligned with the Company's operational progress. To date, $5.7 million of Series B Preferred has been purchased under this agreement.

GPUS

Hyperscale Data Secures $68M in Preferred Investments, Pauses New Equity Offerings

Regis Corporation (NASDAQGM:<a href="https://www.benzinga.com/stock/RGS#NASDAQGM">RGS</a>), a leader in the haircare industry, today announced that Matthew Doctor has made the decision to step down from his roles as President, Chief Executive Officer and Director of the company effective June 30, 2025. The Board of Directors has appointed Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent successor.
"On behalf of the Board and everyone at Regis, I want to express our deepest gratitude to Matt for his leadership and steadfast dedication to the success of Regis," said Mike Merriman, Chairman of the Board. "Matt initially joined the company in a strategic role and quickly proved to be a transformative leader. He has been instrumental in shaping the company's direction, stabilizing operations, restoring profitability and strengthening our financial position. Thanks to Matt's leadership, the company is on solid financial footing and well-positioned for long-term growth. We are appreciative of his work and wish him continued success in his future endeavors. The Board looks forward to working with Jim and the executive team during this transition as we identify the next leader for this stage of the company's transformation."
"It has been an honor and a privilege to lead Regis and work alongside such an exceptional and dedicated team," said Matthew Doctor. "After thoughtful consideration, I made the decision that now is the right time for me to explore other opportunities upon delivering another year of results and progress. Over the past four and half years that I have been at Regis, we have navigated meaningful change and established a strong foundation for reigniting growth. I am incredibly proud of everything we have accomplished, from improving operational efficiencies and completing a complex refinancing, to acquiring the portfolio of Alline salons. Our recent performance reflects both the strength of our strategy and the commitment of our teams. With the business on solid footing and momentum continuing to build, I believe this is a natural time to pass the baton to the next leader to drive further growth with the incredibly dedicated, passionate Regis team and franchisees.
"As I step down, I reflect on where we are - Regis is built on a strong, interconnected foundation that ensures continuity and progress. The outlook, priorities, and initiatives we outlined in our last earnings call remain firmly in place, supported by a collaborative effort across our leadership team, management, Board of Directors, and our retained consultancy at Forum3, who have been invaluable partners since January. Forum3 is led by Adam Brotman, who is one of the world's leading customer loyalty and engagement experts with over 25 years of experience leading major tech and consumer brands, including his role as Starbucks' inaugural Chief Digital Officer and EVP of Global Retail Operations. The progress we have made has always been the result of a team effort—one that includes the dedication of our employees and the support of our external partners. Our strategy is clear and focused: optimizing and growing the company-owned salon portfolio and advancing the transformation of the Supercuts brand. With this foundation in place, Regis is well-positioned to thrive, adapt, and create long-term value for all stakeholders. I am excited to watch the company continue to grow and succeed in the years ahead."
Succession Planning and Interim Leadership
The Board has formed a Succession Planning Committee led by director Susan Lintonsmith and has engaged a leading executive search firm to help identify the next CEO, which will include both internal and external candidates. In the interim, Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, will work closely with the executive team and Board to ensure a seamless transition and continued execution of the company's strategic priorities. To ensure a smooth transition, Matt Doctor will be staying on in a support role until September 1, 2025.
Mr. Lain joined Regis in 2013, bringing with him more than 30 years of operations leadership experience. Since then, he has spearheaded initiatives that drove operational excellence and enhanced the performance of iconic brands including Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters and other legacy names within the Regis portfolio. Prior to Regis, Jim made significant contributions at Gap Inc., where he served as Vice President of Operations for Gap Specialty Stores in the U.S. and Canada. In this role, he was responsible for steering a $2.5 billion business across 750 stores, enhancing operational efficiency and driving growth in a highly competitive market. Prior to his experience with Gap, Jim was Vice President of Operations at Galyan's Trading Company Inc. / Dick's Sporting Goods and held several field management positions at Target Stores Inc.
Preliminary Quarter-to-Date Same Store Sales Results for Fourth Quarter
The company reports positive preliminary quarter-to-date same-store sales growth of 3.0% for Supercuts and 1.3% on a consolidated basis for the first two months of the fourth quarter of fiscal 2025 as compared with the same periods last year. Month-to-date same-store-sales through June 15, 2025 for Supercuts and Regis Consolidated are also positive as compared with the same period last year.Quarter-to-date operating expenses have remained consistent with the third quarter of fiscal 2025.

Management

Regis CEO Matthew Doctor Steps Down, Jim Lain Named Interim Chief, Supercuts Same-Store Sales Up 3%

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has officially rolled out its much-awaited <a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">Robotaxi in Austin</a>, Texas, with a limited number of Model Y Robotaxis in the South Congress neighborhood.
What Happened: "Our approach to autonomy also enables scalability: Tesla self-driving can be deployed anywhere it&#8217;s approved," the company said in a post on social media platform X on Sunday after the Robotaxi launch.
The company also went on to highlight how there was no need for "expensive, specialized equipment" or large-scale and detailed mapping of an area where Robotaxis operate. "It just works," the company said.
Tesla did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our approach to autonomy also enables scalability: Tesla self-driving can be deployed anywhere it&#39;s approved. It does not require expensive, specialized equipment or extensive mapping of service areas. It just works
&mdash; Tesla AI (@Tesla_AI) <a href="https://twitter.com/Tesla_AI/status/1936807369096192117?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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Why It Matters: The post raises some questions about the EV giant's plans for the technology in the future. Recently, Tesla said it planned to invest <a href="https://www.benzinga.com/markets/tech/25/06/46046720/tesla-doubles-down-on-us-elon-musk-plans-another-8-billion-investment-after-spending-nearly-10-billion-in-2024">over $8 billion</a> into its U.S. operations to scale operations in the U.S.
However, there could also be talks of potential licensing opportunities for Tesla's FSD as the camera-based system could be easier to implement for companies into their vehicles over a complex, LiDAR-based one.
CEO Elon Musk also shed some light on the topic in an interview with CNBC last month, where the billionaire said that Tesla was approached by multiple auto manufacturers for its FSD tech.
"There are a number of major automakers that have talked to us about licensing self-driving and we're very much open to that," Musk said before adding that as FSD demonstrates more of its capabilities, the more companies would want to license it.
Elsewhere, Tesla's FSD tech has been brought under <a href="https://www.benzinga.com/markets/tech/25/06/46041090/tesla-faces-safety-questions-from-regulators-ahead-of-robotaxi-launch-in-austin">the NHTSA's scrutiny </a>after the agency reviewed the company's responses to inquiries about FSD's capabilities in poor weather conditions.
However, FSD tech has also raised eyebrows in the midst of the Robotaxi launch, as two incidents involving the technology posed danger to the occupants of the car.
Recently, a Tesla Model 3 got <a href="https://www.benzinga.com/markets/tech/25/06/45945298/tesla-model-3-on-fsd-mode-struck-by-train-after-getting-trapped-on-railroad-tracks-report">struck by a train </a>after it was stuck on a railroad track and a <a href="https://www.benzinga.com/markets/tech/25/06/45991698/tesla-cybertruck-caught-driving-in-wrong-lane-on-fsd-just-days-before-robotaxi-launch">Cybertruck drove in the wrong lane</a> for an extended period of time. Both instances involved the vehicles operating in self-driving mode.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="195" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2-1024x195.jpg" alt="" class="wp-image-957878" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2-1024x195.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2-1536x293.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23055323/TSLA-JUN-23-2025-2.jpg 1546w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Image Via Shutterstock

Tesla's Robotaxi Rollout Sparks Expansion Buzz: Elon Musk's Company Says FSD 'Can Be Deployed Anywhere' After Austin Launch

Collective Mining Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNL#NYSE">CNL</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNL#TSX">CNL</a>) ("Collective" or the "Company") is pleased to announce that it has accelerated its agreement with the vendor of the Guayabales mining license and as a result will affect the transfer of 100% of the mining license into its name. The Guayabales license, which host the Company's flagship Apollo system, is one of three major contiguous licenses that make up the Company's Guayabales Project, located in Caldas, Colombia.&nbsp;
The original agreement for the Guayabales mining license was signed between the Company and the vendor in June 2020 and entitled the Company to earn a 100% ownership in the exploitation phase mining license in 2032 by making a series of scheduled payments and committing to certain exploration expenditures.
Under the amendment, the total financial consideration owed to the vendor remains the same as the original agreement, however, the payment schedule has been accelerated as follows:
<ul>
<li>$2 million payable immediately.</li>
<li>An additional $2 million is payable within one month provided the title transfer request to the Colombian National Mining Agency ("ANM") has been filed.</li>
<li>An additional $2.3 million is payable within two months following the submission of the title transfer request.</li>
<li>The remaining $3.5 million will be payable in six equal installments over the following three years from the date of the execution of the amendment to the agreement.</li>
</ul>
The title transfer approval is expected within 60 days following the request being made to the ANM.

TSX:CNL

Collective Mining Accelerates Agreement With Vendor Of Guayabales Mining License, Gains 100% Ownership

<ul>
<li>If approved, linerixibat could address high unmet medical need of patients living with cholestatic pruritus (relentless itch) and related sleep interference</li>
<li>Submission based on data from positive GLISTEN phase III trial</li>
</ul>

Biotech

Health Care

General

The European Medicines Agency Accepts For Review GSK's Marketing Authorization Application For Linerixibat For Cholestatic Pruritus In Patients With Primary Biliary Cholangitis

Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), a Fortune 500 global branded food company, today announced that John Ghingo will be promoted to the role of president, becoming the 11th person to hold the position in the company's nearly 135-year history.&nbsp;Jeffrey M. Ettinger, current member of the Hormel Foods board, will return to the company for a defined period of 15 months as interim chief executive officer. Ettinger and Ghingo will assume their leadership roles on July 14, 2025. On that day, Ghingo will also join the Hormel Foods board of directors.
&nbsp;
In his current role as executive vice president for Retail, Ghingo leads the company's largest business unit and oversees its portfolio of iconic consumer brands. He brings valuable perspective from both inside and outside the company, with 15 years of various leadership roles at Mondelēz International, as well as previously serving as president of Applegate Farms, LLC, a Hormel Foods subsidiary. With extensive experience in the consumer packaged goods industry, Ghingo has a proven track record of driving growth and delivering results. In his role as president, he will directly oversee the company's Retail, Foodservice and International business segments. He will also lead the company's global operations, supply chain, research and development, and corporate strategy functions.
"It's an incredible honor to be named the 11th president of Hormel Foods and I'm grateful to the board for their trust and confidence," Ghingo said. "I returned to the company last year because the history, people, culture and portfolio of iconic brands&nbsp;truly set us apart in the industry. I'm excited to build on that foundation and help shape what's next. Transform &amp; Modernize remains a critical part of our strategy, and I'm committed to keeping that momentum going —it continues to be a top priority for our organization. I'm also looking forward to 15 months of partnership with Jeff, who knows this company so well. I want to thank Jim Snee for his outstanding leadership as well as his vision, values and commitment, which have left a strong mark on our people, culture and the communities we serve."
Ettinger had a nearly three-decade long career with the company, including serving as its 9th president and then being elevated to serve as its chief executive officer. During his tenure, Ettinger earned a reputation for driving performance and results. With his deep knowledge of the company and its culture, and his experience with the company's external stakeholders, he will be a strong partner to Ghingo. During this time, the company's corporate functions including finance, legal and external affairs, human resources, corporate communications, and ethics and compliance will report to Ettinger.
"Serving the company in this interim role is a privilege and honor," Ettinger said. "What has always set Hormel Foods apart is its people – their integrity, passion and pride in the work they do. I'm excited to support John and our talented team to expand our impact in new and meaningful ways."
Bill Newlands, chairman of the Hormel Foods board of directors, said, "After a thorough and deliberate search, the board is thrilled to elevate John to the role of president of Hormel Foods and elect him to the board of directors. We are also very thankful to Jeff for his willingness to return as interim CEO for the next 15 months. We are confident that Jeff's valuable experience with the public markets and investment community, as well as his deep understanding of our culture, will complement John's expertise with consumer-relevant innovation, brand building, and strategy in today's dynamic food industry. The board has full confidence in John and Jeff's ability to strengthen our business, deepen our relevance with consumers, and deliver lasting value for our shareholders."
Newlands continued, "On behalf of the board, we sincerely thank Jim Snee for his steadfast leadership and 36 years of service to the company and its team members, shareholders and communities. We are grateful for his many contributions over a remarkable career."
The Hormel Foods CEO search committee will now be dissolved, with the board planning to install the permanent chief executive officer in October 2026.

Hormel Names John Ghingo President, Brings Back Former CEO Jeff Ettinger as Interim Chief

Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has commenced a strategic realignment aimed at sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products. As part of this initiative, the Company will discontinue its non-core AI semiconductor business unit, described in the annual report for the year ended December 31, 2024 as "ASICs for edge computing applications", with the process expected to conclude in the coming months.
In fiscal year 2024, the Company's revenue from the sale of edge computing products was approximately US$0.9 million. Unaudited operating expenses related to this business accounted for around 15% of the Company's total operating expenses for fiscal year 2024.
The Company remains committed to delivering cutting-edge ASIC solutions for crypto infrastructure, expanding its mining footprint, and strengthening its position in the global cryptocurrency infrastructure market.
 &nbsp;

Canaan To Discontinue Non-Core AI Semiconductor Business To Sharpen Focus On Crypto-Related Businesses

<ul>
<li>A single administration of COMP360 demonstrated a highly statistically significant and clinically meaningful reduction in symptom severity as measured by MADRS1 with a mean difference of -3.6 comparing 25 mg to placebo (p&lt;0.001)2</li>
<li>Independent Data Safety Monitoring Board (DSMB) reviewed safety data for COMP360 and found no unexpected safety findings and no clinically meaningful imbalance in suicidal ideation between treatment and placebo arms</li>
<li>Ongoing pivotal Phase 3 COMP005 trial is the first study of an investigational, synthetic psilocybin, and the first classic psychedelic3, to report Phase 3 efficacy data</li>
<li>Second ongoing pivotal Phase 3 COMP006 trial continues to enroll well, with 26-week data expected in the second half of 2026</li>
</ul>

CMPS

Compass Pathways Met The Primary Endpoint In The Ongoing Phase 3 COMP005 Trial, The First Of Two Phase 3 Trials Evaluating COMP360 For Treatment-resistant Depression

<a href="https://sapiens.com/">Sapiens International Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Absa Life, a leading life insurer in South Africa, has successfully gone live across multiple distribution channels with <a href="https://sapiens.com/platform/insurance-platform/">Sapiens Insurance Platform</a>,&nbsp;a fully integrated suite of solutions,&nbsp;including <a href="https://sapiens.com/products/coresuite-for-life-and-pension/">Sapiens CoreSuite for Life &amp; Pensions</a>, <a href="https://sapiens.com/digitalsuite-customer-experience-and-engagement-software-for-insurers/">Sapiens DigitalSuite</a>, <a href="https://sapiens.com/products/data-and-analytics/">Sapiens DataSuite</a>, and <a href="https://sapiens.com/cloud-services/">Sapiens Cloud Services</a>. The go-live supports Absa Life's funeral line of business and forms the foundation for future expansion.
&nbsp;
Absa Life selected Sapiens CoreSuite as the foundation of its modernization strategy to help simplify its technology landscape and enhance customer experiences. Sapiens DigitalSuite will accelerate its multichannel strategy by "deep linking"into Salesforce. The go-live also includes the rollout of Sapiens DataSuite across the CoreSuite solution and existing legacy systems, providing consolidated data management for improved business insights. New AI models are being developed for DataSuite and will empower Absa Life to leverage advanced cloud-based architecture to deliver real-time insights and predictive capabilities.

SPNS

Sapiens Tech Powers Absa Life's Digital Overhaul, Boosting Speed and Customer Experience in South Africa

SQNS

Sequans Unveils $384M Strategic Investment To Launch Bitcoin Treasury Initiative While Advancing 5G And IoT Core Mission

Golar LNG Limited ("Golar") is pleased to announce that FLNG&nbsp;Gimi has reached the Commercial Operations Date ("COD") for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim ("GTA") project offshore Mauritania and Senegal. The COD triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog (Golar's share).
The COD milestone marks a major achievement for one of Africa's deepest offshore developments which introduce Mauritania and Senegal as LNG exporters. We look forward to continuing working together with the GTA operator bp and its partners Kosmos, PETROSEN and SMH as well as Mauritanian and Senegalese authorities to deliver safe and reliable operations and to create value to all stakeholders.
Following the achieved COD of FLNG Gimi and announcement of the two FLNG charters in Argentina on May 2, 2025, Golar is accelerating work on its next FLNG unit(s). We continue to advance commercial discussions, with charterer demand guiding design choice of the fourth FLNG unit. In addition to the 3.5mtpa MKII option at CIMC Raffles shipyard, Golar has signed a final engineering study to confirm EPC price and delivery for a 5mtpa MKIII FLNG and is updating price and schedule for an up to 2.7mtpa MKI FLNG.

GLNG

Golar LNG Launches 20-Year Gas Deal in Africa, Unlocks $3B Earnings From Offshore Project

Global Net Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNL#NYSE">GNL</a>) ("GNL" or the "Company") announced that it has completed the final phase of its multi-tenant portfolio sale to RCG Ventures, LLC on June 18, 2025, including 12 encumbered properties. This third phase generated approximately $313 million in gross proceeds1, bringing total gross proceeds from the portfolio sale to $1.8 billion2. GNL plans on using the incremental net proceeds from the third phase of the multi-tenant portfolio sale to further reduce leverage by paying down the outstanding balance on GNL's Revolving Credit Facility.
The multi-tenant portfolio sale simplifies GNL's portfolio and sharpens its strategic focus by becoming a pure-play net lease owner and operator. This transition is expected to generate approximately $6.5 million in recurring annual G&amp;A savings, along with additional cash savings from a substantial reduction in annual capital expenditures. GNL also believes the multi-tenant portfolio sale will create significant efficiencies in its operations by eliminating the complexities associated with managing multi-tenant retail properties.

Global Net Lease Sells $1.8B in Properties to Cut Debt and Focus on Single-Tenant Strategy

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.iff.com&amp;esheet=54280580&amp;newsitemid=20250623457977&amp;lan=en-US&amp;anchor=IFF&amp;index=1&amp;md5=0bd85a9ccb14921157f8c4f13580f3dc">IFF</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>)--a global leader in flavors, fragrances, food ingredients, health and biosciences—has officially relocated its Global Business Services (GBS) center in Hyderabad to a newly constructed, state-of-the-art facility. This move marks a significant step in IFF's strategy to drive operational excellence and innovation through agile corporate functions. The new 75,000 sq. ft. office located in Hyderabad's prime financial district, is designed to accommodate up to 600 employees. It features cutting-edge infrastructure, collaborative workspaces and advanced technologies that support IFF's global operations.

IFF Expands in Hyderabad With New Office to Power Global Flavors, Fragrances, and Food Innovation

DXC Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>), a leading Fortune 500 global technology services provider, and Carnival Cruise Line, the world's most popular cruise line, today announced a multi-year agreement to power the cruise line's technology infrastructure.&nbsp;
&nbsp;
This partnership will support Carnival's guest experience across its global fleet, as well as its portside and shoreside operations. DXC will deliver reliable and scalable IT services designed to enhance operational efficiency, improve employee productivity and help ensure a seamless, connected experience for millions of guests sailing annually with Carnival.&nbsp;

DXC Teams Up With Carnival Cruise Line to Boost Tech and Guest Experience Across Global Fleet

Earnings Beats

Ennis Q1 EPS $0.38 Beats $0.37 Estimate, Sales $97.20M Miss $99.30M Estimate

U.S. stock futures are up Monday morning, but only marginally as tensions continue to flare in the Middle East, following <a href="https://www.benzinga.com/news/politics/25/06/46042703/iran-calls-us-bombing-of-nuclear-sites-very-very-dangerous-for-everybody">American airstrikes</a> on Iranian nuclear facilities over the weekend. 
Investors are on the edge, with potential for further escalation in the crisis, following Iran&#8217;s parliament voting on Sunday to <a href="https://www.benzinga.com/news/politics/25/06/46044009/us-iran-tensions-escalate-as-iran-threatens-hormuz-closure-potentially-rattling-global-oil-markets">authorize the closure</a> of the Strait of Hormuz. 
The 10-year Treasury bond yielded 4.397%, and the two-year bond was at 3.927%. The CME Group&#8217;s FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">tool</a>‘s projections show markets pricing an 85.5% likelihood of the Federal Reserve keeping the current interest rates unchanged in its next FOMC meeting in late July.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.26%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.06%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index, are both up pre-market by 0.24% and 0.29%, respectively, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;idm7up&#x2A;_gcl_au&#x2A;OTU0MzA1MzE4LjE3NDcwMTIxNDM.&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;czE3NTA2NjM1NzckbzIzNCRnMSR0MTc1MDY2NzQzNCRqNjAkbDAkaDA.">Benzinga Pro</a> data.
Cues From Last Session:
The S&amp;P 500 ended down 0.22% on Friday, with a mixed sector-wise performance. Tech, healthcare, materials, and communications led the decline, while energy, consumer staples, and utilities rose higher, with energy leading the way, up 1.02% during the day.
The Dow Jones Industrial Average was flat during the day, up just 0.08% or 35 points, ending the week at 42,206.82 points, following a volatile session.
Drywall and insulation contractor, GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>), rallied 23.77% during the day, after becoming an acquisition target of building products company, QXO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>), which was followed by a string of hikes in the stock&#8217;s price targets, with the high end now at $105, representing a 5% upside from current levels.
The Philadelphia Fed manufacturing survey posted a 4% decline, compared to an analyst consensus of a 2% decline, while the U.S. Leading Economic Indicators release reported a 0.1% decline, in line with forecasts.
The Dow Jones index ended 35.16 points or 0.083% up at 42,206.82, whereas the S&amp;P 500 index fell 0.22% to 5,967.84. Nasdaq Composite declined 0.51% to 19,447.41, and the small-cap gauge, Russell 2000, tumbled 0.17% to end the week at 2,109.27.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.51%</td>
<td>19,447.41</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
<td>5,967.84</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.08%</td>
<td>42,206.82</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.51%</td>
<td>19,447.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As tensions continued to flare between Israel, the U.S., and Iran, leading analysts remain optimistic regarding the market at the start of the new week.
Leading tech analyst, Dan Ives, shared on Sunday, in a post on X, that <a href="https://www.benzinga.com/news/politics/25/06/46045276/dan-ives-says-iran-threat-is-in-rear-view-mirror-calls-it-positive-for-the-middle-east-and-the-tech-sector">the Iran threat</a> was now in the &#8220;rear-view&#8221; for the markets. He added that the events that took place over the weekend will be seen as &#8220;a positive&#8221; for growth and stability in the Middle East. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The market will view this Iran threat as now gone and that is a positive for growth in the broader Middle East and ultimately the tech sector. It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror. Expect stocks up
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1936772081804292391?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Chartered Market Technician, Ryan Detrick, however, cautioned of a pullback in the markets, often seen in late-June or early-July in a post-election year. 
&#8220;The headlines are the headlines, but don&#8217;t forget that late June/early July tends to be weak in a post-election year,&#8221; he said on X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The headlines are the headlines, but don&#39;t forget that late June/early July tends to be weak in a post-election year. <a href="https://t.co/pnRULgmhRY">pic.twitter.com/pnRULgmhRY</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1936932156653056070?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
Here&#8217;s what investors will be focused on, when markets open on Monday,
<ul class="wp-block-list">
<li>S&amp;P Flash U.S. Services PMI, along with the S&amp;P Flash U.S. Manufacturing PMI, is set to be released at 9:45 AM ET on Monday. </li>
<li>The Existing Home Sales data is set to be unveiled by 10:00 AM.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>), a financial data provider, is set to release its third quarter results by 9 AM on Monday morning, before markets open. The stock is up 0.04% pre-market. </li>
<li>Commercial Metas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will be announcing its third quarter results by 11:00 AM, and the stock is up 6.20% pre-market. </li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>), a homebuilding company, is scheduled to announce its second quarter figures after markets close on Monday. The stock is down 0.44% pre-market. </li>
<li>PACS Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>), an operator of skilled-nursing care facilities, is expected to announce its quarterly results after markets close.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures are up 0.49% in the early New York session, with prices hovering around $74.19 per barrel, well below the day&#8217;s high of $77.13.
Gold Spot US Dollar was down 0.06%, trading at $3,366.61 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index (DXY) spot was up 0.35% at the 99.268 level.
Asian markets were mixed on Monday, with China&#8217;s Shanghai and Shenzhen indices up, while Japan&#8217;s Nikkei 225, the KOSPI, and India&#8217;s Nifty 50 ended the day lower.
Photo: Shutterstock

Pre-Market Outlook

PACS

US Stock Futures Rise As Markets Shrug Off Iran Strike Fallout: 'Worst Is Now In The Rear-View Mirror,' Says Top Analyst

Cambium Networks (NASDAQ: CMBM) today announced three standout hospitality Wi-Fi upgrades: DelParco Hotel in Udine, Italy; Maples Motor Inn in Pigeon Forge, Tennessee; and a portfolio of Hawaiian resorts modernized by systems integrator Pacific DirectConnect. All sites replaced legacy gear with Cambium's cloud-managed ONE Network—improving coverage, virtually eliminating support calls, and, in Hawaii, cutting planned outdoor AP counts by 60 percent while boosting guest-satisfaction scores.
&nbsp;
DelParco replaced multiple legacy systems with a full Cambium solution stack, including the NSE 3000 next–generation firewall, EX2028P/EX1028P aggregation and access switches, XV2–22H in–room wall plate APs, and XV2–21X APs in common areas—all orchestrated by the cnMaestro&#x2122; X cloud. Guests stream 4K content without buffering, staff applications run faster, and the hotel has recorded zero unplanned downtime since the cut–over.
"With our hospitality solutions, boutique properties can outperform brand–flags on connectivity without an army of IT staff," said Morgan Kurk, CEO, Cambium Networks.
"The solution installed by Giemme Soluzioni allows us to offer uncompromised connectivity that aligns with the high standards and image of our facility," added Paolo Meroi, Owner, DelParco Hotel.
Early Guest Feedback Turns Tech Gains into Revenue
Within weeks, DelParco's front desk saw a 75 % drop in Wi–Fi support calls, and OTA survey scores for "Internet Quality" jumped into the top quartile of comparable Italian hotels.
Quickrelay, a Cambium partner, installed 40 XV2-21X Wi-Fi 6 access points across 80 rooms, connected via fiber-backed EX-series switches. 'We chose Cambium for its feature-rich platform and single-pane cloud management,' said Chad Ellis, founder of Quickrelay. Within 30 days, guest Wi-Fi tickets fell to near zero while OTA scores for 'Internet Quality' climbed 30 points.
"Granular control over VLANs and application policies let us meet every vendor security requirement without on-site IT staff,' added Chad Ellis, Quickrelay."
Hawaii-based systems integrator <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4453331-1&amp;h=3760993667&amp;u=https%3A%2F%2Fwww.cambiumnetworks.com%2Fresource%2Fboosting-property-value-and-guest-satisfaction-pacific-directconnects-success-with-cambium-networks%2F&amp;a=Pacific+DirectConnect">Pacific DirectConnect</a> upgraded multiple upscale resorts with Cambium's Wi-Fi 6 indoor/outdoor access points, cnMatrix&#x2122; switches and cnMaestro&#x2122; X cloud management. By swapping 14 planned outdoor APs for just six XV2-23T units, the team reduced hardware by 60 % while still blanketing pool decks, conference centers and beachfront hammocks with strong signal.
Hotel managers say guest-satisfaction scores climbed sharply once the new network went live, confirming that reliable connectivity is now as essential as ocean views.
Together with wins at Maples Motor Inn and DelParco Hotel, the Pacific DirectConnect success underscores Cambium Networks' momentum as a preferred Wi-Fi backbone for the hospitality industry.
Global Momentum: Exceeding 1,000 Deployments and Counting
Cambium's hospitality footprint spans well over 1,000 hotels in more than 70 countries. Properties range from boutique inns to 1,000–room resorts, all managed through the same ONE Network architecture.
Future–Proof From Day One
The hotel's backbone is multi–gigabit, enabling DelParco to slot in Cambium's X7–35X Wi–Fi 7 access points—which recently received OpenRoaming&#x2122; certification—in the future without re-cabling or service disruption.

CMBM

Cambium Powers Major Hotel Wi-Fi Upgrades, Slashing Complaints and Boosting Guest Satisfaction

Press Releases

Chemomab Therapeutics Announces Year End and Fourth Quarter 2024 Financial Results and Provides a Corporate Update

New Data Presented at CORA 2025 Conference Highlights Clinical Potential of Chemomab's Nebokitug in Systemic Sclerosis

Analyst Ratings

Chemomab Reports Positive Results in Nebokitug Phase 2 PSC Open Label Extension Trial Showing Continued Broad and Substantial Improvements in Key Liver Biomarkers

Chemomab Announces New Medical and Clinical Appointments

Chemomab Therapeutics to Present Nebokitug Clinical Data at Upcoming Scientific Conferences

Chemomab Reports New Positive Clinical Data at EASL 2025 Supporting Nebokitug's Impact in Primary Sclerosing Cholangitis and Related Diseases

Chemomab Announces Presentation of Positive Nebokitug Phase 2 Clinical Data in Primary Sclerosing Cholangitis in Distinguished Plenary Session at DDW 2025

Chemomab Therapeutics Announces First Quarter 2025 Financial Results and Provides Corporate Update

Legal

Chemomab Announces New Patent Awards for Its First-in-Class Agent Nebokitug that is Positioned to Potentially Become the First Approved Drug for Primary Sclerosing Cholangitis

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