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BlackRock Closed-End Funds Announce Distributions to Align with Earnings
BlackRock closed-end funds have announced their distributions for the current period, with some funds increasing their monthly distribution rates while others decreasing them. The changes were made to align the distribution rates with the…
WeWork Withholds Interest Payments to Improve Capital Structure
WeWork Inc, the flexible workspace provider backed by SoftBank, has announced its decision to withhold interest payments of approximately $95 million related to some of its notes. The move comes as the company aims to improve its capital…
Visa Launches $100 Million Venture Fund for Generative AI Startups
Payments processor Visa has announced the launch of a $100 million venture fund dedicated to supporting generative artificial intelligence (AI) startups. This move by Visa comes as numerous investors have shown great interest in the AI…
Blue Origin Restructures Partnership for Commercial Space Station
Blue Origin, the aerospace company founded by billionaire Jeff Bezos, is undergoing significant changes in its corporate partnership to build a commercial space station. The company has reassigned a majority of its employees working on the…
Atlas Energy Solutions Completes Corporate Reorganization, Simplifies Structure
Atlas Energy Solutions Inc. (NYSE:AESI) has successfully concluded its corporate reorganization transaction, known as the Up-C Simplification. The company will begin trading under the same ticker (NYSE:AESI) and name (Atlas Energy Solutions…
Ecofin Sustainable and Social Impact Term Fund Provides Positive Update on Balance Sheet and Direct…
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released an unaudited balance sheet update, showcasing its strong financial position. As of September 29, 2023, the company reported total assets of approximately $233.2…
Netcapital Inc. CEO to Present at LD Micro Main Event XVI Conference
Netcapital Inc., a leading digital private capital markets ecosystem, has announced that its CEO, Martin Kay, will be presenting at the LD Micro Main Event XVI Conference. The conference will take place in Los Angeles, CA, from October 3 to…
Kayne Anderson Energy Infrastructure Fund Announces Strong Financial Results for Q3 2023
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) has reported impressive financial results for the third quarter of 2023. The company's unaudited statement of assets and liabilities reveals that its net assets reached $1.4…
Kayne Anderson NextGen Energy & Infrastructure Announces Strong Financial Results for Q3 2023
Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF) has reported impressive financial results for the third quarter of 2023. The company, a non-diversified, closed-end management investment company, registered under the…
Takeda Pharmaceutical Voluntarily Withdraws Lung Cancer Therapy in the U.S.
Takeda Pharmaceutical, a leading Japanese pharmaceutical company, has announced its decision to voluntarily withdraw its lung cancer therapy from the United States. The therapy, known as Exkivity, had received accelerated approval in 2021…