Markets

Shoal Point Energy (SHP) clarifies its operational costs, exceeding $100,000 annually for CSE listing, including legal, accounting, and auditing expenses. The company faces potential regulatory actions, including a Cease Trade Order and delisting, if it fails to comply. Simultaneously, Shoal Point is engaged in a $483 million lawsuit against the Newfoundland government over alleged expropriation of oil and gas assets.

PKS Investments, a Binah Capital Group company, is a finalist in two categories for the 2025 Wealth Management Industry Awards (“The Wealthies”). PKS is recognized for its Transition Support/Transition Services and CEO Katherine Flouton is a finalist for Chief Executive of the Year. This highlights PKS’s expertise in supporting advisors and leadership within the wealth management sector, showcasing Binah Capital’s commitment to empowering independent financial advisors. Winners will be announced September 4th in NYC.

Mathematics professor Wei Dongyi, known as “Wei God,” experienced a meteoric rise on Douyin, China’s TikTok. In just 11 hours after his debut, he gained over 9 million followers, nearing 10 million. His simple introduction video sparked significant engagement, particularly during the Chinese National College Entrance Examination. While impressive, his growth, though rapid, still trails some top Douyin stars.

Elon Musk and Donald Trump are embroiled in a public feud, fueled by policy disagreements, ego, and potential betrayal. The spat revolves around the “Great and Beautiful Act,” which impacts renewable energy incentives, clashing with Musk’s business interests. Accusations, veiled threats, and personal attacks dominate this unfolding drama, raising questions about the future of their relationship and political landscapes.

360’s founder, Zhou Hongyi, is dismantling the marketing department to test the capabilities of his nano-AI super search agent. He aims to launch a product single-handedly within five days using AI to automate marketing tasks and save significant costs. The agent, powered by Chinese large language models, promises efficiency across various scenarios. Success will lead to a shift in the company’s resource allocation towards AI development and national security, demonstrating AI’s transformative potential.

Venus Concept is raising capital through a registered direct offering. The company aims to raise $1.15 million initially by selling common stock at $2.65 per share, with an additional $2.3 million possible through warrants. The offering, which is expected to close around June 9, 2025, will provide funds for general corporate purposes. Venus Concept, a medical aesthetic technology provider in over 60 countries, offers a range of devices and is driven by investors in the healthcare industry.

Bai Xiang, the instant noodle maker, is discontinuing its “More Than Half” and “More Than Half Again” product lines due to consumer criticism regarding misleading portion claims. The branding suggested significant increases in noodle quantity, while the actual increase was relatively minor. In response to negative feedback, Bai Xiang will rebrand the products with explicit gram weight classifications, reflecting a shift towards greater transparency.

Peking University’s math genius, Wei Dongyi (aka “Wei Shen”), has gained over 5 million followers on Douyin after a 4-second video. The account, confirmed by his cousin, will feature mathematical content. The platform anticipates his uploads, querying audience comprehension. Wei is known for his Olympiad gold medals, understated style, and significant contributions to mathematics, despite his modest budget and lifestyle.

BAB, Inc. announced a quarterly cash dividend of $0.01 per share, payable July 14, 2025. This reinforces their commitment to shareholder value. A portion of the distribution may be classified as a return of capital. The final dividend composition, based on the company’s 2025 performance, will be determined in January 2026. BAB, Inc., a franchisor of food brands like Big Apple Bagels®, navigates the competitive food service sector, with this dividend affecting investor perception.

Baidu announced significant advancements at the 2025 Smart Economy Forum. Baidu Smart Cloud partnered with 65% of China’s central SOEs to boost the LLM industry. They launched the Qianfan Huijin Financial LLM and introduced industry-specific intelligent agents. Baidu also deployed “Ten Thousand Card” and “Thirty Thousand Card” clusters on the Baige GPU platform, designed for efficient LLM training and inference and compatible with various models.