Markets

University Bancorp (UNIB) increased its stake in Currency Exchange International (CXI) by approximately 0.48%, reaching about 12.02% ownership. The company acquired shares on both the Toronto Stock Exchange and the OTC Markets. UNIB views its CXI holdings as an investment, subject to ongoing review, and may consider various strategic options. The announcement follows UNIB’s strong 2024 financial results and highlights its position as a significant financial holding company in Michigan.

InnSuites Hospitality Trust (IHT) reported a strong Q1 2026 with over $2 million in hotel revenue and $2.2 million total revenue. The company is diversifying through investments in clean energy (UniGen Power) and managing InnDependent Boutique Collection (IBC Hotels). IHT maintains a positive outlook, citing strong hotel performance, potential in diversification, and commitment to annual dividends. The annual shareholder meeting is scheduled for August 14, 2025.

Lipella Pharmaceuticals Inc. is delisted from the Nasdaq Capital Market due to rule violations regarding private placement transactions. The delisting, involving the issuance of convertible preferred stock and warrants, led to the suspension of trading. While disappointed, the company is exploring alternative markets, remains focused on its clinical development plans for LP-10 and LP-310, and is pressing forward with its mission to address unmet medical needs.

Halozyme Therapeutics announced the European Commission’s approval of argenx’s VYVGART subcutaneous injection, utilizing Halozyme’s ENHANZE drug delivery technology, for chronic inflammatory demyelinating polyneuropathy (CIDP). This approval, based on positive ADHERE trial data, marks a significant advancement for CIDP treatment and expands drug access across Europe. VYVGART, the first targeted IgG Fc-antibody fragment for CIDP, represents a new treatment mechanism in over three decades. The SC injection can be administered by patients, caregivers, or healthcare professionals.

In a recent livestream, Gan Wei, ex-wife of Jia Yueting, discussed their post-divorce relationship. Despite their split in May 2025, she remains connected to his family and plans to visit him in the U.S. with their children. Gan Wei denied the divorce was for asset protection, citing lack of emotional support and a “widowed” marriage as reasons for the separation. She also shared a story of being ignored on her birthday.

Pottery Barn Teen and the WNBA have partnered to launch an exclusive home furnishings collection featuring all 13 WNBA team logos. This marks the league’s first foray into teen home décor. The collection, designed to capitalize on the WNBA’s growing popularity, includes bedding, accessories, and wall decor.

Maris-Tech launched Peridot, an AI-powered surveillance system merging high-definition video sensors with advanced algorithms, providing 360-degree monitoring capabilities. Designed for early threat detection, especially drones and unmanned vehicles, Peridot offers a complete solution for border and strategic site protection. This standalone system can trigger threat mitigation and represents a significant technological advancement, enhancing Maris-Tech’s position in defense technology.

Anker Innovations is recalling several power bank models (A1642, A1647, A1652, A1680, A1681, A1689, A1257) due to a potential fire hazard. Inspections revealed unauthorized material alterations in battery cells from an external vendor, potentially leading to overheating and combustion. The company has removed affected products from e-commerce platforms and ended its relationship with the supplier. This recall highlights the importance of product safety for the popular brand with a global presence.

Centrus Energy has received a contract extension from the U.S. Department of Energy (DOE) for High-Assay, Low-Enriched Uranium (HALEU) production, valued at approximately $110 million through June 30, 2026. This extension affirms the DOE’s confidence and supports domestic uranium enrichment. The agreement includes options that could extend the partnership for up to eight years.

JD.com is aggressively entering the travel market. Offering hotels a commission-free program for up to three years has already attracted nearly 50,000 applications. Leveraging its vast user base and lifestyle market leadership, JD.com aims to capitalize on peak travel season. This move follows a successful foray into food delivery using subsidies. However, facing giants like Meituan and Ctrip, the travel sector presents a distinct, more competitive challenge.