Author

admin

Browsing

Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation.

In June 2020, just as some states began lifting their pandemic lockdowns, Chuck E. Cheese’s parent company CEC Entertainment filed for Chapter 11 bankruptcy protection. It emerged from bankruptcy months later with new leadership and freed from about $705 million in debt.

Even when Covid subsided, the company faced another existential threat: figuring out how to entertain children — and their paying parents — in the age of iPads and smartphones. The company has spent more than $300 million in recent years tackling that challenge — and the investment has started to pay off.

CEC Entertainment, which also includes Pasqually’s Pizza & Wings and Peter Piper Pizza, has seen eight straight months of same-store sales growth and is no longer in debt, according to CEO Dave McKillips. The company isn’t publicly traded, but it discloses its financial results to its bond investors.

CEC Entertainment’s annual revenue grew from $912 million in 2019 to roughly $1.2 billion in 2023, according to Reuters. And that’s with fewer open Chuck E. Cheese locations. The chain has 470 U.S. locations currently, down from 537 in 2019.

Sustaining the growth won’t be easy. Like all restaurants, the chain has to win over consumers who are eating out less often as costs rise. Chuck E. Cheese also has to draw the attention of children and parents in a fragmented media market.

Since Atari founder Nolan Bushnell opened its first location in 1977 in San Jose, Chuck E. Cheese has grown to become a staple of many childhoods, known for its pizza, birthday parties and animatronic mouse mascot and band.

After exiting bankruptcy, Chuck E. Cheese and its stores underwent a makeover, giving today’s locations a very different look. Gone are the animatronics, SkyTube tunnels and physical tickets of yore. Instead, trampolines, a mobile app and floor-to-ceiling JumboTrons have replaced them.

Those changes came from McKillips, a former Six Flags executive. He joined the company in January 2020, just months before lockdowns would temporarily shutter all of its locations. By April 2021, the company raised $650 million in bonds, which it’s been spending on its restaurants.

“The company was capital-starved for many, many years. It had not been remodeled. It had not been touched,” he said.

Apollo Global Management took Chuck E. Cheese private in 2014. Five years later, CEC Entertainment tried to go public through a merger with a special purpose acquisition company. But the deal was scrapped without explanation.

The new cash prompted a frank look at the Chuck E. Cheese model — including its iconic animatronic band, featuring Charles Entertainment Cheese and his friends.

“We pulled out the animatronics. It was a hot debate for many legacy bands, but kids were consuming entertainment in such a different way, you know, growing up with screens and ever-changing bite-sized entertainment,” McKillips said.

The chain also redid its menu, upgrading to scratch-made pizzas. Kidz Bop became an official music partner. Other kid-friendly brands, like Paw Patrol, Marvel and Nickelodeon, became partners for its games.

And then came the trampolines.

“We found one glaring opportunity for us … active play,” McKillips said. He added that growth in the family entertainment category is largely coming from activity-based businesses, like trampoline parks and rock-climbing walls.

The company first tested the trampolines in Brooklyn and then in Miami, St. Louis and Orlando. As of December, 450 Chuck E. Cheese locations now have kid-sized trampolines. And unlike the SkyTubes or ball pits of the past, customers have to pay extra to use trampolines. (The ball pits disappeared from Chuck E. Cheese locations in 2011, while SkyTubes lasted roughly another decade.)

After the company spent $230 million to remodel Chuck E. Cheese locations, McKillips now says that process is finished.

“We needed to fix the product. The product is fixed,” he said.

Reintroducing customers to the brand — especially adults who only know the Chuck E. Cheese of their own childhoods — has been another focus.

“You come in around three years old, you leave around eight or nine and you don’t come back for 15 years. We had to go and speak to a whole new generation of kids, and we were off-air during Covid. We had to build all that,” McKillips said.

For example, Chuck E. Cheese’s birthday business, one of the company’s best marketing tools, struggled in the wake of the pandemic. Today, it’s back at pre-pandemic levels.

And as Chuck E. Cheese started seeing the pullback in consumer spending that hit many restaurants last year, from McDonald’s to Outback Steakhouse, the chain had to come up with a way to appeal to the value-oriented customer.

Over the summer, Chuck E. Cheese launched a two-month tiered subscription program that offered unlimited visits and discounts on food, drinks and games. The membership encouraged families to visit more often than the typical two or three annual visits. The subscription starts at $7.99 a month, with additional tiers at $11.99 and $29.99 that promise steeper discounts and more games played.

“In 2023, we sold 79,000 passes. This year, we sold close to 400,000 passes during the same time period,” McKillips said, referring to 2024. “This shows that the value consumer will seek and will spend if they’re getting great return on their spend.”

In the fall, the company followed up on the success of the passes with a 12-month membership and has already sold more than 100,000 of them.

McKillips’ biggest dreams for the chain and its mascots lie outside of the four walls of its restaurants.

“There’s another cute mouse down in Orlando that does this pretty well, so I see us in the same way, but we’re just getting started right now,” McKillips said.

In addition to 30 licensing deals for everything from frozen pizzas to apparel, Chuck E. Cheese is also exploring different entertainment partnerships that would make its mouse mascot a starring character, according to McKillips.

And that’s not all. The company has looked into the possibility of a game show. It has a prolific YouTube channel, with videos focused on its characters, not its pizza or games.

Plus, Chuck E. Cheese himself has six albums available on streaming platforms, and his band plays live, choreographed concerts.

“My dream would be to have a feature movie,” McKillips said.

This post appeared first on NBC NEWS

McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s.

To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in the Chicago suburb of Bolingbrook, followed by six more in Texas. McDonald’s has converted larger namesake restaurants into CosMc’s, in addition to building smaller prototype locations.

The smaller stores work better for the test, the company said Thursday. As a result, McDonald’s will close three of its larger format CosMc’s locations and open two more small Texas restaurants. The company didn’t disclose the locations for either the openings or closures, although CosMc’s website says a store is coming soon to Allen, Texas.

McDonald’s also shared other early learnings from the pilot on Thursday. Savory hash browns are the top-selling food — at any time of day — followed by McPops, the chain’s mini filled doughnuts. Best-selling drinks include the Island Pick Me Up Punch, Churro Cold Brew Frappe and the Sour Energy Burst.

The CosMc’s test will continue for the “foreseeable future,” according to the company.

McDonald’s created CosMc’s as its entry point into the growing “afternoon beverage pick-me-up occasion.”

While CosMc’s menu features some McDonald’s classics, it also offers a host of new items playing off other beverage and snacking trends, like its iced turmeric spiced lattes, tropical spiceade and pretzel bites. Starbucks, Dutch Bros. and bubble tea chain Kung Fu Tea have found success with younger consumers by offering customizable cold drinks.

The name for the new brand comes from CosMc, a McDonaldland mascot that appeared in advertisements in the late 1980s and early 1990s. CosMc is an alien from outer space who craves McDonald’s food.

While it’s unclear just how much McDonald’s plans to grow CosMc’s, it’s still a miniscule part of the burger giant’s overall U.S. footprint. The company has more than 13,500 U.S. restaurants. Still, McDonald’s is hoping to learn more about its CosMc’s customers; last year, it rolled out a loyalty program specific to CosMc’s.

This post appeared first on NBC NEWS

After President-elect Trump mused about using ‘economic force’ to acquire Canada as the 51st state during his Mar-a-Lago news conference on Tuesday, outgoing Canadian Prime Minister Justin Trudeau responded on social media that ‘there isn’t a snowball’s chance in hell that Canada would become part of the United States.’

However, as Trudeau announced on Monday his plan to resign as prime minister once the Liberal Party that he leads chooses his successor, the biggest pushback to Trump’s pitch to annex Canada – and his planned 25% tariffs on exports from the country – has come from the premier of Canada’s most populous province, Ontario.

Doug Ford, a former businessman and conservative like Trump who has served as Ontario’s 26th premier since 2018, told Fox News Digital in an interview that the president-elect’s targeting Canada is both ‘crazy’ and ‘ridiculous.’

He said the bilateral focus should be on ‘strengthening’ what the Canadian government calls a nearly trillion-dollar two-way trade relationship to ‘make the U.S. and Canada the richest and most prosperous jurisdiction in the world.’

At a Toronto news conference on Monday following Trudeau’s resignation announcement, Ford chided Trump with a ‘counteroffer’ to his Canada-as-a-51st state idea. 

‘How about if we buy Alaska and throw in Minnesota?’ the premier said at Queen’s Park, Ontario’s legislature.

Ford jokingly told Fox News Digital that he heard from Canadians after making those remarks that he should have chosen ‘somewhere warmer, like Florida or California.’

‘California never votes for him anyway,’ he added.

At his Monday news conference, Ontario’s premier said that ‘under my watch,’ annexing Canada ‘will never, ever happen.’  

Ford is also taking Trump’s tariff threat seriously.

Last month, his Progressive Conservative government launched a multimillion-dollar U.S. ad campaign on television and streaming apps touting Ontario as an ‘ally’ to generate ‘more workers, more trade, more prosperity, more security.’

‘You can rely on Ontario for energy to power your growing economy, and for the critical minerals crucial to new technologies,’ says the 60-second ad.

Ford said the 25% tariff against Canada, which Trump plans to implement on his first day in office on Jan. 20, would hurt millions of American and Canadian workers.

‘Nine million Americans produce products for Ontario alone every single day,’ he said. ‘The problem is China shipping goods into Mexico and Mexico slapping a made-in-Mexico sticker.’

Ontario is ready to take retaliatory measures ‘that will really send a message to the U.S.’ in response to the imposition of U.S. tariffs, said Ford, who was involved in the renegotiation of the North American Free Trade Agreement during the first Trump administration, but would now like Canada to have separate deals with the U.S. and Mexico.

‘It’s unfortunate because retaliation is not good for either country,’ he offered, noting that Ontario is the top exporter to 17 states and the second largest to 11 others. 

‘The last thing I want to do is hurt those people,’ said Ford. ‘I want to create more jobs in the U.S., more jobs in Canada. And we can do that by making sure that we toughen up and put tariffs on places like China.’

By way of example, he said that ‘someone in Texas who purchased a GM pickup truck made in Oshawa, [Ontario] might have paid between $50,000 and $60,000,’ and with a tariff, ‘would be paying 70 some-odd thousand.’

‘It just doesn’t make sense whatsoever,’ Ford said. 

He would like to have a face-to-face meeting with Trump and said he has reached out to U.S. senators and governors to make that happen. A sit-down with SpaceX and Tesla CEO Elon Musk – whom Trump appointed to co-lead, with former Republican presidential candidate Vivek Ramaswamy, the proposed ‘Department of Government Efficiency’ – is also on Ford’s wish-list.

Ford said Trump ‘doesn’t realize’ that Ontario is the U.S.’s third-largest trading partner, amounting to about US$344 billion in 2023, ‘split equally down the center.’

Ontario’s premier said he wants to ship more electricity and critical minerals to the U.S., which ‘needs us like we need them.’ 

In 2012, the premier and his late brother, Rob, who was mayor of Toronto at the time, met Trump, along with his daughter, Ivanka, when they were in the city to open the former Trump International Hotel and Tower, now unaffiliated with The Trump Organization and known as The St. Regis Toronto.

Ford, who ran a Toronto-based family business, Deco Labels & Flexible Packaging, before entering municipal politics as a city councilor in 2010, considers Trump ‘a shrewd operator’ and ‘a smart businessperson.’

The incoming president ‘knows about Ontario,’ the premier said.

‘Not one senator, not one governor, not one congressperson or businessperson, has said that Canada is a problem,’ said Ford, who opened a Deco branch in Chicago in 1999.

He said Trump has not set his sights on such other U.S. allies as the United Kingdom and France, but ‘wants to target’ the U.S.’s ‘closest friend,’ Canada. 

‘I’m not too sure if it’s personal against Trudeau, but Trudeau is on his way out, so hopefully we’ll have a better conversation,’ said Ontario’s premier, who added that he would consider taking a run at federal politics in the future.

On Monday, Trump posted on Truth Social that ‘the United States can no longer suffer the massive Trade Deficits and Subsidies that Canada needs to stay afloat.’ 

‘Justin Trudeau knows this, and resigned,’ said the next, and 47th, U.S. president.

But Trudeau is still the prime minister, and Ford and the premiers of the other nine provinces and three territories will meet with him next Wednesday in Ottawa to address the Trump tariff issue.

Despite his departure as prime minister sometime over the next two months when the next Liberal leader is expected to be chosen, Trudeau should not think ‘he’s off the hook’ and Canadian premiers ‘will hold his feet to the fire’ in ensuring that Canada is ready to respond to the Trump administration’s imminent and punitive trade measure, said Ford.

He chairs the Council of the Federation – a gathering of Canada’s premiers, which has kept Canada-U.S. relations top of mind and has made avoiding U.S. tariffs ‘a priority,’ according to a statement issued last month.

‘Canada and the U.S. form one of the largest integrated markets in the world, with more than C$3.5 billion [about US$2.4 billion] worth of goods and services crossing the border each day. The U.S. sells more goods and services to Canada than it sells to China, Japan and Germany combined.’

To help assuage Trump’s concerns over border security, Ford’s government launched on Tuesday ‘Operation Deterrence,’ to crack down on illegal crossings, and drugs and guns – 90% of which are entering Ontario from the U.S., the premier told Fox News Digital.

On drugs, he said his government is also collaborating with the U.S. Drug Enforcement Administration (DEA) to identify the source of fentanyl ingredients – and whether they originated in ‘China or Mexico or the U.S.’

Last month, the Trudeau government announced its own border-security plan.

This post appeared first on FOX NEWS

Sudan’s army said on Saturday it had entered the central city of Wad Madani and was pushing out its paramilitary rivals the Rapid Support Forces (RSF), a step which if completed successfully would be its biggest gain in near two years of war.

The army posted a video appearing to show troops inside the city, which is the capital of El Gezira state, an agricultural and trading hub that has been held by the RSF since December 2023.

Recapture of the state as a whole could mark a turning point in the war that began in April 2023 over disputes on the integration of the two forces, which has created one of the world’s largest humanitarian crises with the displacement of more than 12 million people and half the population facing hunger.

“The leadership of the Armed Forces congratulates our people on the entry of our forces into Wad Madani this morning. They are now working to clean up the remaining rebel pockets inside the city,” an army statement said.

The state, located in the center of the country and south of the capital Khartoum has seen some of the RSF’s bloodiest attacks on civilians, as well as the burning of fields, looting of hospitals and markets, and flooding of irrigation ditches.

Despite a long history as an agricultural trade hub, Madani has been marked by experts as an area at risk of famine due to the blockades imposed as part of the conflict.

The army had stepped up its campaign to retake El Gezira in recent months, after retaking Sennar state in the south, including by increasing airstrikes that have often hit civilians.

The RSF’s top commander in the state defected to the army in October, and his troops took part in Saturday’s operations, though the RSF responded at the time with a series of attacks.

The army also on Saturday continued its operations on the city of Bahri, part of the greater capital, where it has also made advances in recent months.

The RSF controls most of the west of the country, where it is fighting the army for al-Fashir, its last stronghold in the Darfur region. The two forces are also actively fighting over White Nile state in the south of the country.

This post appeared first on cnn.com

Six people died when a propane-butane cylinder exploded at a restaurant in the northwest Czech city of Most, setting the building on fire, emergency services said on Sunday.

Eight people were injured in the fiery blast that occurred late on Saturday evening, and 30 people were evacuated from the restaurant and surrounding buildings, the Czech fire rescue service said on X social media platform.

“According to initial information from witnesses, a heater overturned, causing a fire,” the fire brigade said.

Interior Minister Vit Rakusan told Czech Radio the cause was likely a propane-butane heater overturning in the restaurant’s front garden.

The fire brigade said it had rescued one seriously injured restaurant guest who had been trapped in a bathroom.

Around 20 guests were in the restaurant at the time of the explosion, Czech Radio said.

This post appeared first on cnn.com

When 35-year-old combat medic Tetyana Tsymbaliuk regained consciousness in the hospital room, she found her boyfriend waiting with a bunch of flowers. He proposed, but she declined. After a serious injury, her leg had been amputated; she worried about being a burden as a wife.

“I realized that before amputation, I was more attractive. I was not sure that I could find a way to fulfil my family role as a woman,” said Tsymbaliuk. It took her a long time to regain her confidence.

Tsymbaliuk says she was one of the first Ukrainian military amputees following the full-scale Russian invasion in 2022. Almost three years on, nearly 370,000 Ukrainian soldiers have been wounded. Thousands have lost one or more limbs.

While the government does not provide official figures on amputations, a state program issued prostheses to almost 20,000 people across 2023 and the first half of 2024, and many others were helped by private programs in Ukraine and abroad.

In the past two years, Ukraine has implemented protocols for physical and, to some degree, psychological rehabilitation for those injured in conflict. But sexual rehabilitation for people who have lost limbs or suffered other serious injuries has been largely overlooked.

Sex has long been a taboo topic in Ukraine. While modern Ukrainians are more open about sex than in the Soviet era, the topic is still an uncomfortable one for many.

“If I ask veterans about sex issues, they usually say that everything is okay. Only a few of them after a while, when they start to trust me, can talk about the problems they have,” Revunets said.

There are no protocols or recommendations for sexual rehabilitation on the official governmental level, she said, or even any mention of it.

“That’s important because the doctor is required to work according to protocol,” Revunets said. “Sexual rehabilitation is not specified anywhere, so the doctor can only take the initiative if he or she wants to do so. But most doctors aren’t ready to talk about it.”

It takes time even to persuade some doctors of its significance, Revunets said. “When I tell my colleagues about the importance of sexual rehabilitation, they look at me as if I’m crazy, (someone) who doesn’t understand what kind of serious injuries the patient has,” she said.

A good sexologist can help in many ways. Revunets is one of the very few sexologists in the country who works with the military. “I find out what exactly is wrong with the patient. I ask how the person feels. Depending on this, I give advice – it can be advice on how and what to do from a technical point of view, or what medications to take, or help psychologically.”

‘I was told to have sex, but no one told me how’

The war has resulted in an unprecedented number of people with injuries, a situation for which Ukraine was unprepared. The lack of any information on sexual rehabilitation has motivated the Ukrainian nonprofit Veteran Hub, which is specifically dedicated to supporting war veterans and their families, to study the topic.

In 2023, Veteran Hub researchers conducted 39 in-depth interviews with injured soldiers and their partners. Among other things, interviewees spoke anonymously about their sex lives after injury.

Researchers found that sex itself had changed for many. For example, after being injured, some respondents started to prepare for or plan sexual relations due to physical changes.

One of the veterans in a long-term relationship said of the doctors who treated him: “I was told to have sex, but no one told me how. If we’re talking about the technical part, it is very important.” He told researchers that without formal resources available to them, men were having to pass on information “by word of mouth.”

In response to the researchers’ findings, Veteran Hub created a guide for veterans on how to restore their sexual lives after being wounded.

“We saw that there was a great demand for this topic. After physical rehabilitation, people start asking themselves whether they will be able to swim in the sea, go skiing, go on dates, or have sex. And usually no one can answer these questions,” said Veteran Hub project manager Kateryna Skorohod.

Olga Serdyuk, the head of a sexual educational program at a network of rehabilitation centers called Recovery, said: “We need to understand that a wounded person works with different specialists – surgeons, physiotherapists, psychologists – on the way to rehabilitation. Because there is a lack of sexologists in Ukraine, those doctors must be ready for the person to open up to them and talk about sexual rehabilitation.”

To help widen their knowledge, Recovery launched a course called “Sexual Life” to train doctors and other professionals working with Ukrainian soldiers.

Serious injury changes the life of not only the veteran but also their partner, Serdyuk explained.

“For some reason, Ukrainian society believes that a good wife should take care of her husband on her own, even if there is an opportunity to get help. A woman becomes a carer. What kind of sex can we talk about then?” Serdyuk said, referring to how the pressures of full-time caring can lessen a couple’s capacity to explore paths to sexual fulfilment.

“Even if we are talking about complete dysfunction or missing genitals, a person (who’s been injured) can still have an orgasm with pleasure. You have to work with your fantasies, study your body.”

People need to learn to accept themselves in a new way, and believe in their integrity, their body, Serdyuk said.

Ukrainian ‘Bachelor’ stars double amputee

Discussions surrounding disabilities are increasingly cropping up in Ukraine as casualties rise.

Popular dating show “The Bachelor” has taken the discussion into the mainstream, with 26-year-old Ukrainian veteran Oleksandr Budko – who lost both his legs in the war – cast as the star of the latest season.

An episode with an intimate scene, shown in November, became one of the most popular in the season. According to data provided by Starlight Media, a Ukrainian broadcasting group, about 2.8 million people all around the country watched it, making it the most viewed program on the day it aired.

“We were concerned about how people would react to seeing a person’s body with visible amputations in such an intimate context. There is no representation of people living with injuries in Ukraine and we didn’t know how people would react to it. It was a big challenge. But it turned out well.”

Kalyna thinks the audience was interested, in part, because they realize that in this time of war their own loved ones could be injured at any moment.

On his Instagram page, Budko said he was not taking part in the show to convince anyone of anything or prove his “normality.”

“My prostheses or even sometimes a wheelchair are just a part of me, but not what defines me,” he posted. “The fact that I have a disability does not make me less worthy of love or a happy life. And this is important to understand.”

Budko also posted that his first experience of sex after injury “was not just sex, but a step back to life.”

Choosing life over suffering

Among those to attend Recovery’s “Sexual Life” course is Oleksandr Batalov. The unit infantry commander, who works as an osteopath in civil life, lost his leg in a fierce battle on the front line. He recalls that it took time for him to get used to his changed body.

“At the beginning, with such trauma, you want no one to look at you. But my wife gave me huge support. So, I got a grip. I chose life, not suffering,” he said. The psychologist helped a lot, he added.

There are very few sexologists in the hospitals, he said, but men who have experienced serious injuries are talking about sex with one another, and that’s important. However, “they need to have specialists they can talk to” as well, Batalov said.

That’s why he is starting this course. “If you survived, you have to live. Despite the injury, my life is full and interesting, I want to leave and study and share the knowledge,” said Batalov, who is now working again as an osteopath.

The same goes for Tsymbaliuk, the injured combat medic. She decided to live a fulfilling life no matter what. Her boyfriend did not give up and proposed again.

After months of rehabilitation in Germany, and later in Ukraine’s Superhumans Center, she finally married him, realizing “she was full of love that she wanted to fulfil.” Four months ago, they welcomed their first child together.

“I’m not hiding my prosthetic. I’m living a full life. And I’m happy,” she said.

This post appeared first on cnn.com

From established players to up-and-coming firms, Canada’s pharmaceutical company landscape is diverse and dynamic.

Canadian drug companies are working to discover and develop major innovations amidst an increasingly competitive global landscape. Rising technologies such as artificial intelligence are playing a role in the landscape as well.

Read on to learn about what’s been driving the share prices of the best performing Canadian pharma stocks.

1. NurExone Biologic (TSXV:NRX)

Press ReleasesCompany Profile

Year-over-year gain: 147.27 percent
Market cap: C$34.08 million
Share price: C$0.68

NurExone Biologic is the biopharmaceutical company behind ExoTherapy, a drug delivery platform that uses exosomes, which are nano-sized extracellular vesicles, to create treatments for central nervous system disorders, spinal cord injuries and traumatic brain injuries. It is a less invasive alternative to cell transplantation, which requires surgery and carries the risk of rejection.

NurExone’s first nano-drug, ExoPTEN, uses a proprietary sIRNA sequence delivered with the ExoTherapy platform to treat spinal cord injuries. ExoPTEN received orphan drug designation from the US Food and Drug Administration (FDA) in October 2023, meaning it has been recognized as a potential treatment for rare medical conditions. The designation makes it eligible for incentives such as market exclusivity and regulatory assistance aimed at accelerating its development and approval.

In December 2024, the company released preclinical results from animal testing evaluating the efficacy of its nano-drug ExoPTEN in restoring lost vision. The lead investigator at the Goldschleger Eye Institute, which collaborated on the study, said the results were ‘extremely encouraging,’ and ‘suggest that ExoPTEN could fundamentally change how we approach conditions like glaucoma and optic nerve trauma.’

2. Cipher Pharmaceuticals (TSX:CPH)

Company Profile

Year-over-year gain: 140.88 percent
Market cap: C$377.18 million
Share price: C$14.26

Cipher Pharmaceuticals is a specialty pharma company with a diverse portfolio of treatments, including a range of dermatology and acute hospital care products. The company has out-licensed some of its offerings as well. Cipher began trading on the OTCQX Best Market under the symbol CPHRF in early 2024.

In addition to its current portfolio, Cipher has acquired Canadian rights to CF-101, a dermatology treatment for moderate to severe plaque psoriasis is currently expected to undergo Phase III clinical trials. The company is also conducting proof-of-concept studies on DTR-001, a topical treatment for removing tattoos.

On July 29, Cipher announced it had signed a definitive asset purchase agreement with ParaPRO for its US-based Natroba operations and global product rights, and the news caused Cipher’s share price to spike significantly. The company’s Q3 2024 results showed a product gross margin from the acquired Natroba products of 85 percent.

3. Satellos Bioscience (TSXV:MSCL)

Company Profile

Year-on-year gain: 88.89 percent
Market cap: C$95.99 million
Share price: C$0.85

Satellos Bioscience is a Canadian pharmaceutical company expanding treatment options for muscle disorders. The company has focused specifically on Duchenne muscular dystrophy, developing therapies to regenerate and repair muscle tissue by targeting the specific biological pathways involved. Its lead candidate SAT-3247 targets a protein called AAK1, which regulates the activity of stem cells that activate and differentiate new muscle fibers.

An acceptance to commence Phase 1 clinical trials of the drug was announced on August 19 and the first patient was dosed on September 18. Analysis of tests conducted on canines, shared on October 1, showed improved muscle morphology and increased muscle regeneration with no adverse side effects.

An update was provided in November, revealing it had begun enrolment for a multiple-ascending-dose arm of the Phase 1 study after no drug-related adverse events were reported in the single-ascending-dose group.

4. Telescope Innovations (CSE:TELI)

Press ReleasesCompany Profile

Year-over-year gain:81.4 percent
Market cap: C$20.39 million
Share price: C$0.39

Telescope Innovations is a chemical technology company that develops scalable manufacturing processes and tools that combine robotic automation, online analysis and machine learning for the pharmaceutical and chemical industries.

The company has commercialized its Direct Inject-LC system. Short for Direct Inject Liquid Chromatography, the system combines hardware and software to analyze chemical reactions and can potentially reduce the time and cost of new drug development.

On July 31, Telescope Innovations entered into a collaborative research agreement with pharma giant Pfizer (NYSE:PFE) to accelerate pharmaceutical research and development using automation, robotics and artificial intelligence.

According to a press release, some efforts will focus on deploying Self-Driving Laboratories, a concept pioneered by Telescope Innovations in which robotic systems carry out experiments while AI algorithms analyze the data in real time to inform researchers about what the next steps should be.

5. Medexus Pharmaceuticals (TSX:MDP)

Company Profile

Year-over-year gain: 46.47 percent
Market cap: C$100.34 million
Share price: C$3.94

Medexus Pharmaceuticals specializes in bringing drugs to treat rare diseases to North America. The company manages the entire process through its fully integrated operations, from acquiring and developing drugs to marketing and selling them. Some of its key products include treatments for hemophilia B and rheumatoid arthritis, as well as a line of drugs for autoimmune diseases like lupus and allergy treatments.

In November 2024, Medexus Pharmaceuticals announced it had successfully negotiated with the pan-Canadian Pharmaceutical Alliance to make treosulfan, which Medexus commercialized in Canada under the name Trecondyv, available to publicly funded drug programs and patients. Trecondyv is indicated as part of conditioning treatment prior to bone marrow transplants in patients with certain types of blood cancers.

In addition to Canada, Medexus has the exclusive commercialization rights to treosulfan in the US, where it currently being reviewed by the FDA for approval. The FDA extended the review period for the new drug application for treosulfan in September and set a new prescription drug user fee act target action date of January 30, 2025.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Cybercrime is a growing concern, and it’s estimated that the annual cost of fighting cyber crime will reach US$10.5 trillion by 2025. Cybersecurity companies are working to address the challenge.

The list from eSecurity Planet features 20 privately held and publicly traded cybersecurity companies across a range of stock exchanges. The firm employed criteria such as user reviews, product features and benefits, analyst reports, independent security tests and use cases to evaluate companies in the cybersecurity sector.

The largest cybersecurity companies by market cap shown below are all listed on the NASDAQ and NYSE. Stock data was current as of market close on January 9, 2025.

1. Microsoft (NASDAQ:MSFT)

Company Profile

Market cap: US$3.16 trillion
Share price: US$424.56

The largest cybersecurity company by market cap is Microsoft. The tech giant is a major player in the cloud security market, which includes cloud native application protection platform (CNAPP) products and services. In fact, Microsoft is the largest CNAPP solution provider, according to KeyBanc Capital.

Prominent cybersecurity firm Security Risk Advisors recently became a member of the Microsoft Intelligent Security Association.

2. Broadcom (NASDAQ:AVGO)

Company Profile

Market cap: US$3.16 trillion
Share price: US$424.56

Global technology firm Broadcom has built a large portfolio of embedded and mainframe security solutions, as well as payment authentication software.

The company broadened its offerings with the Symantec Enterprise Cloud in November 2019 with the acquisition of the enterprise software division of Symantec, which has since changed its name to Gen Digital (NASDAQ:GEN). Broadcom’s Symantec offerings include secure access service edge technologies and zero-trust security.

3. Cisco Systems (NASDAQ:CSCO)

Company Profile

Market cap: US$235.78 billion
Share price: US$59.20

For a number of years now, Cisco Systems has increasingly invested in boosting its cybersecurity services. Today, the company offers an array of products for cloud security, endpoint security and security analytics. To address the cybersecurity skills shortage, Cisco offers certification programs for IT professionals.

In response to rising security risks in AI-powered applications, Cisco acquired Robust Intelligence, a company specializing in protecting AI systems from vulnerabilities and attacks, in September 2024.

4. IBM (NYSE:IBM)

Company Profile

Market cap: US$206.36 billion
Share price: US$223.18

IBM’s security division offers customers an advanced and integrated portfolio of enterprise security products and services. IBM X-Force helps businesses and organizations integrate security solutions into their everyday functions and provides help with risk assessment, incident detection and threat response. The company is harnessing the power of AI to combat cybersecurity threats.

In May 2024, IBM announced new X-Force Red testing services that focus on identifying and mitigating vulnerabilities in generative AI applications and models. Like Cisco, IBM also offers cybersecurity certification programs.

5. Palo Alto Networks (NASDAQ:PANW)

Company Profile

Market cap: US$113.41 billion
Share price: US$172.83

Palo Alto Networks bills itself as “the global cybersecurity leader.” The company’s security portfolio includes advanced firewalls and cloud-based offerings that protect more than 80,000 organizations across their clouds, networks and mobile devices.

An example of its more recently launched offerings include Prisma Cloud, which integrates AI across various security domains, including network security, cloud security and security operations. In October 2024, Palo Alto expanded its offerings to the industrial sector.

6. CrowdStrike Holdings (NASDAQ:CRWD)

Company Profile

Market cap: US$88.36 billion
Share price: US$358.72

CrowdStrike Holdings is a software-as-a-service solutions provider. This team of cybersecurity professionals uses advanced endpoint detection and response applications and techniques in its machine-learning-powered antivirus protection offerings to ensure breaches are stopped before they occur.

This is another major cybersecurity company that is incorporating AI, adding it to its security information and event management (SIEM) offerings.

Its new AI-powered functions for its Falcon Next-Gen SIEM platform were first released in May 2024, including the integration of its Charlotte AI. Then, in July, CrowdStrike announced its Falcon Complete Next-Gen MDR service, which incorporates data from its SIEM platform and AI capabilities.

7. Fortinet (NASDAQ:FTNT)

Company Profile

Market cap: US$73.61 billion
Share price: US$96.04

Fortinet provides end-to-end cybersecurity infrastructure products and services, such as firewalls, antivirus tools, intrusion prevention and endpoint security. The company’s cybersecurity platform can address critical security challenges and can protect data across digital infrastructure systems, whether in networked, application, multi-cloud or edge environments. Fortinet’s client base includes major sports teams, including the Vancouver Canucks NHL hockey team and the Pittsburgh Steelers NFL football team.

8. Zscaler (NASDAQ:ZS)

Company Profile

Market cap: US$28.74 billion
Share price: US$187.78

Cloud security company Zscaler’s Zero Trust Exchange platform can be used to secure user-to-app, app-to-app and machine-to-machine communications over any network. The company also offers cloud migrating services. Zscaler is known for setting the standard in the field of security service edge, and it claims the Zero Trust Exchange is the world’s most-used security service edge platform.

In December 2024, the company expanded its partnership with IT services and consulting company Cognizant (NASDAQ:CTSH) as the pair work together to help enterprises address cyber threats by providing an advanced, AI-enabled zero trust cloud security platform.

9. Check Point Software (NASDAQ:CHKP)

Company Profile

Market cap: US$20.15 billion
Share price: US$183.19

Check Point Software is part of the unified threat management sector, and it offers a wide variety of products to protect users on mobile, networks and the cloud. It also provides users with various security management services to prevent future cyber attacks and data breaches.

Check Point acquired Avanan, a cloud email and collaboration security company, in 2021. At the end of 2024, technological research and consulting firm Gartner recognized Check Point as a leader in the 2024 Gartner Magic Quadrant for Email Security Platforms.

10. Okta (NASDAQ:OKTA)

Company Profile

Market cap: US$14.64 billion
Share price: US$85.46

Okta is an identity and access management company that provides cloud software solutions for managing and securing user authentication, as well as building identity controls into applications, website services and devices. The company is investing in AI technologies to monitor customer signals and proactively identify potential risks.

Gartner recognized Okta as a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year.

FAQs for cybersecurity

Is cybersecurity a growing industry?

Cybersecurity is a growing industry — according to Statista, it has a projected CAGR of 7.58 percent between 2025 and 2029, which will allow it to reach a market value of US$271.9 billion. The largest segment within the cybersecurity market is security services, while cloud security is forecast to experience the fastest growth.

What are the current trends in cybersecurity?

Today’s top trends in cybersecurity include improvements in preventing and mitigating attacks against cloud services, growth in internet of things devices, the integration of artificial intelligence and machine learning, multi-factor identification and the increasing threat of deepfakes. Cybersecurity companies addressing these current issues in the market may have an advantage in attracting investor attention.

Which cybersecurity stocks pay dividends?

Very few cybersecurity stocks pay dividends; however, Cisco Systems and Juniper Networks (NYSE:JNPR) are two companies that offer dividend payments to their shareholders. Both pay quarterly dividends, with Cisco sporting an annual dividend yield of 2.7 percent, while Juniper Networks comes in at 2.29 percent. The average annual dividend yield for companies in the overall technology sector is 3.2 percent.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Ukraine claimed Saturday to have struck one of Russia’s largest oil refineries in a drone attack, starting a fire at the facility more than 700 miles into Russian territory.

The attack on the Taneco refinery in the city of Nizhnekamsk, Tatarstan – one of the largest and most modern refineries in Russia – was the second time the facility had been struck by Ukrainian forces within the space of a year, according to Lieutenant Andrii Kovalenko, the head of Ukraine’s Center for Countering Disinformation.

Despite the footage, the press service of the Republic of Tatarstan denied there had been a fire at the plant, insisting instead that it had been carrying out a mock evacuation as a safety exercise and that the images of the glowing facility in fact showed “the work of the plant’s torches.”

The Taneco refinery has a refining capacity of over 16 million tons of oil per year and “plays a key role in supplying fuel to the Russian army,” according to the Ukrainian official Kovalenko.

“The destruction of refineries and oil depots directly affects Russia’s ability to wage an intense war,” he added.

Kovalenko said the refinery had also been hit in the spring of 2024, in an attack that damaged its primary processing unit.

The attack last April was at the time the farthest into Russian territory Ukraine had struck since the beginning of the war.

This post appeared first on cnn.com

Special counsel Jack Smith resigned from his position at the Department of Justice Friday, Fox News has learned.

The resignation, which had already been expected since President-elect Trump was elected in November, was quietly announced in the footnote of a court filing Saturday. 

‘The Special Counsel completed his work and submitted his final confidential report on January 7, 2025, and separated from the Department on January 10,’ the note said.

Smith was appointed by Attorney General Merrick Garland in November 2022 to investigate the 2020 election interference case against Trump related to Jan. 6 and the Mar-a-Lago classified documents case. In 2017, Smith served as acting U.S. attorney for the Middle District of Tennessee during the first Trump administration.

The news came as the country waits for Smith’s report on the election interference case to be released. A recent court filing showed Garland plans to release the investigative report soon, possibly before Trump takes office Jan. 20. 

On Friday, a judge from a federal appeals court ruled against blocking the release of Smith’s report.

‘As I have made clear regarding every Special Counsel who has served since I took office, I am committed to making as much of the Special Counsel’s report public as possible, consistent with legal requirements and Department policy,’ Garland wrote in a recent letter to House Judiciary Chairman Jim Jordan, R-Ohio, and ranking member Jamie Raskin, D-Md.

Once Trump won the 2024 presidential election, Smith filed motions to wind down his cases against the president-elect. At the end of November, Smith asked a judge to drop the charges against President-elect Trump in the D.C. case against him. 

Before asking to drop the case, Smith filed a motion to vacate all deadlines in the 2020 election interference case against Trump in Washington, D.C., a decision that was widely expected after Trump’s win. After the cases were dropped, Trump responded to the move by arguing the investigations ‘should never have been brought.’

‘These cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought,’ Trump in a Truth Social post. ‘It was a political hijacking, and a low point in the History of our Country that such a thing could have happened, and yet, I persevered, against all odds, and WON. MAKE AMERICA GREAT AGAIN!’

Fox News Digital’s Brooke Singman and Chris Pandolfo contributed to this report.

This post appeared first on FOX NEWS