LICY was that recycling play // batteries /// Barrons liked it but it got hammered by a Blue Orca short report.....
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GBA Presents: THE BARE ESSENTIALS
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Tesla is ahead of peers in securing crucial nickel for batteries
Mar. 30, 2022 8:38 AM ETTesla, Inc. (TSLA)VALE, BHP, LN1:COM
Scott Olson/Getty Images News
Tesla (NASDAQ:TSLA) inked a multiyear supply deal with mining giant Vale S.A. (VALE) long before the Russia-Ukraine war as part of the electric vehicle maker's global hunt for nickel.
Over the last year, Tesla (TSLA) has also secured nickel supply deals with Talon Metals Corp., BHP Group (BHP) and operators of a mine in New Caledonia.
The urgency for nickel is due to it being a key component for the cathodes of electric-vehicle batteries, especially the longer-range vehicles that Tesla (TSLA) is producing. Nickel prices (LN1:COM) soared 250% in early March before settling back, but are still up 60% in 2022.
Mar. 30, 2022 8:38 AM ETTesla, Inc. (TSLA)VALE, BHP, LN1:COM
Scott Olson/Getty Images News
Tesla (NASDAQ:TSLA) inked a multiyear supply deal with mining giant Vale S.A. (VALE) long before the Russia-Ukraine war as part of the electric vehicle maker's global hunt for nickel.
Over the last year, Tesla (TSLA) has also secured nickel supply deals with Talon Metals Corp., BHP Group (BHP) and operators of a mine in New Caledonia.
The urgency for nickel is due to it being a key component for the cathodes of electric-vehicle batteries, especially the longer-range vehicles that Tesla (TSLA) is producing. Nickel prices (LN1:COM) soared 250% in early March before settling back, but are still up 60% in 2022.
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Wheels Up announces new strategic partnership with Tropic Ocean Airways 09:05 UP Wheel Up Experience announced a new strategic partnership and minority investment in Tropic Ocean Airways, the world's largest amphibious airline and leading provider of last-mile private charter and scheduled service in Florida, the Northeastern United States, the Bahamas, the Caribbean and beyond. The multiyear commercial agreement is the latest step by Wheels Up in its efforts to expand the addressable market for its product offerings and offer a seamless first- to last-mile travel solution for its members and customers. The agreement provides for the integration of Tropic Ocean's charter and certain scheduled by-the-seat services into Wheels Up's marketplace, and Wheels Up members and customers will be able to directly book and pay for travel on Tropic Ocean flights through their normal Wheels Up booking channels. The parties will initially focus on providing Wheels Up customers with greater accessibility to options within Tropic Ocean's current coverage area. Over time, the parties intend to expand to additional markets in the United States and the Caribbean. Together with the commercial agreement, Wheels Up also announced a minority capital investment in Tropic Ocean, a first for Wheels Up, to help fund the continued growth for Tropic Ocean and to support certain shared initiatives under the commercial agreement, including the introduction of new flight offerings that will be exclusive to Wheels Up.
The Russians don't have a no man left behind creed when fighting
Xponential Fitness, Inc. (XPOF) Oh where is the love.... maybe I should just stop giving out all these moves....
26.29+0.74 (+2.90%)
As of 09:52AM EDT.
Wow what a kick in the teeth. - $42 a share.
RH (RH)
343.02 -42.67 (-11.06%)
As of 10:01AM EDT.
RH (RH)
343.02 -42.67 (-11.06%)
As of 10:01AM EDT.
Technology
The SEC has charged 7 Silicon Valley residents with participating in a $1M insider trading scheme involving Twilio shares
By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal
Mar 29, 2022, 10:25am EDT
The Securities and Exchange Commission has charged three Twilio Inc. engineers and four other Bay Area residents with insider trading of the San Francisco company's shares, alleging they benefited to the tune of more than $1 million.
Ahead of Twilio's earnings announcement in May 2020, the three Twilio engineers discovered confidential information that indicated the company was performing better in the early days of the Covid-19 pandemic than was widely believed, according to the complaint filed by the SEC in the U.S. District Court in San Francisco Monday. They tipped off friends who used that information to profit off Twilio's shares, the SEC charged.
"We allege that this insider trading ring took advantage of valuable revenue information related to the pandemic," Monique C. Winkler, acting regional director of the SEC's San Francisco office, said in a news release. "We are holding these alleged tippers and tippees accountable for their roles in the scheme."
Three Twilio software engineers — Hari Sure of Fremont, and Lokesh Lagudu and Chotu Pulagam of Sunnyvale — learned through company databases early in the pandemic that Twilio’s customers had increased their usage of the company’s products and services, according to the SEC's civil complaint. The three engineers allegedly shared that information with the other four people — Dileep Kamujula of Fremont, Sai Nekkalapudi of Sunnyvale, Abhishek Dharmapurikar of Mountain View and Chetan Pulagam of Santa Clara — the SEC said in its complaint.
Kamujula, Dharmapurikar, Nekkrikar and Chetan Pulagam all allegedly traded in Twilio securities following those tips and ahead of the company's financial report in May, according to the complaint.
In addition to those civil charges, the U.S. Attorney's office for Northern California filed criminal charges against Kamujula. Following the tip he got from Sure — according to the SEC's complaint — Kamujula purchased 257 call options for $133,333 in the weeks leading up to Twilio's financial report, the Justice Department said in its own news release.
The company's stock price jumped by nearly 40% the day after it reported its quarterly results. By the following day, Kamujula had allegedly sold all of his Twilio options for a total profit of about $961,662, the Justice Department said.
If convicted of the counts brought against him, Kamujula faces a maximum of 45 years in federal prison and more than $5 million in fines. He and the other six defendants charged by the SEC also face civil financial penalties.
"Insider trading is not a game — it's a federal crime,"
The SEC has charged 7 Silicon Valley residents with participating in a $1M insider trading scheme involving Twilio shares
By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal
Mar 29, 2022, 10:25am EDT
The Securities and Exchange Commission has charged three Twilio Inc. engineers and four other Bay Area residents with insider trading of the San Francisco company's shares, alleging they benefited to the tune of more than $1 million.
Ahead of Twilio's earnings announcement in May 2020, the three Twilio engineers discovered confidential information that indicated the company was performing better in the early days of the Covid-19 pandemic than was widely believed, according to the complaint filed by the SEC in the U.S. District Court in San Francisco Monday. They tipped off friends who used that information to profit off Twilio's shares, the SEC charged.
"We allege that this insider trading ring took advantage of valuable revenue information related to the pandemic," Monique C. Winkler, acting regional director of the SEC's San Francisco office, said in a news release. "We are holding these alleged tippers and tippees accountable for their roles in the scheme."
Three Twilio software engineers — Hari Sure of Fremont, and Lokesh Lagudu and Chotu Pulagam of Sunnyvale — learned through company databases early in the pandemic that Twilio’s customers had increased their usage of the company’s products and services, according to the SEC's civil complaint. The three engineers allegedly shared that information with the other four people — Dileep Kamujula of Fremont, Sai Nekkalapudi of Sunnyvale, Abhishek Dharmapurikar of Mountain View and Chetan Pulagam of Santa Clara — the SEC said in its complaint.
Kamujula, Dharmapurikar, Nekkrikar and Chetan Pulagam all allegedly traded in Twilio securities following those tips and ahead of the company's financial report in May, according to the complaint.
In addition to those civil charges, the U.S. Attorney's office for Northern California filed criminal charges against Kamujula. Following the tip he got from Sure — according to the SEC's complaint — Kamujula purchased 257 call options for $133,333 in the weeks leading up to Twilio's financial report, the Justice Department said in its own news release.
The company's stock price jumped by nearly 40% the day after it reported its quarterly results. By the following day, Kamujula had allegedly sold all of his Twilio options for a total profit of about $961,662, the Justice Department said.
If convicted of the counts brought against him, Kamujula faces a maximum of 45 years in federal prison and more than $5 million in fines. He and the other six defendants charged by the SEC also face civil financial penalties.
"Insider trading is not a game — it's a federal crime,"