Markets

SenesTech, Inc. (SNES), a biotech company specializing in fertility control for pest management, announced the closing of a warrant exercise generating $6.3 million. The company issued new short-term warrants priced at $0.125, potentially yielding an additional $11.5 million if fully exercised. SenesTech intends to use the net proceeds for working capital and general corporate initiatives. Their flagship product, ContraPest®, is a registered contraceptive for rats, aiming for humane and ecologically-sound pest control.

Steel Partners Holdings L.P. (SPLP) announced a regular cash dividend of $0.375 per unit for its 6% Series A Preferred Units, payable on September 15, 2025, to unitholders of record as of September 1, 2025. Future dividend declarations, form, will be at the board’s discretion, based on performance, cash flow, financial health, and capital allocation needs. Steel Partners, a diversified holding company, cautions that forward-looking statements are subject to uncertainty and are valid only as of the announcement date.

Quantum Corporation (QMCO) is expanding its distribution network in China, India, and ASEAN to capitalize on the burgeoning demand for data protection and management solutions driven by AI and unstructured data. The company has established exclusive agreements with ChangHong IT, Rashi Peripherals Limited, Hibino Graphics Corporation, and ACA Pacific to enhance local service, delivery, and technical support. This strategic move aims to broaden market coverage and strengthen customer experience in these key data-centric markets. The new channel model is effective immediately.

The 9th annual Nevada Youth Homelessness Summit, hosted by NPHY and Las Vegas Sands, will be held on November 14th in Las Vegas. Registration opens August 11th. The summit aims to create Nevada’s first standalone plan to end youth homelessness, building upon the 2018 Southern Nevada plan. With Clark County experiencing a 34% youth homelessness increase, the summit will launch the statewide Youth Experiencing Homelessness Study and gather stakeholders to develop sustainable strategies, amplifying youth voices.

The Shanghai Stock Exchange (SSE) warned about 上纬新材 (688585.SS) stock volatility, echoing the company’s own risk advisories. The SSE suspended some investor accounts for “abnormal trading.” 上纬新材’s stock surged 1300% in a month, prompting concerns. The company might request a trading halt, citing no material business changes despite the price surge. They acknowledge declining profits and a high P/E ratio, advising investor caution as the stock price deviates from its intrinsic value.

NioCorp CEO Mark Smith will appear on Fox Business Network to discuss a $10 million Pentagon award received by its subsidiary, Elk Creek Resources Corp. The funding, granted under the Defense Production Act, supports the development of a domestic scandium supply chain at the Elk Creek Critical Minerals Project in Nebraska. This initiative aims to secure domestic sources of critical minerals and reduce reliance on foreign entities. The project also focuses on producing niobium, titanium, and evaluating rare earth elements.

Xiaomi CEO Lei Jun showcased the rapid charging of the upcoming Xiaomi YU7 EV in a one-take video. The YU7 charged from 10% to 80% in just 13 minutes, demonstrating the power of its 800V high-voltage SiC platform and HyperCharge system. During the demonstration, the car maintained a stable voltage of 786V and a peak charging power of 446kW. While charging, Lei Jun interacted with followers on Douyin, highlighting his approachable personality.

On

The 2025 AI New Life Image Creation Competition culminated with ASUS showcasing its ProArt Pro OLED display. Chen Cheng-Sheng emphasized hardware’s role in AI content creation, highlighting the display’s visual fidelity with 4K Ultra HD resolution and wide color gamut (99% DCI-P3, 100% sRGB). Features like hardware calibration, Dolby Vision support, and seamless Mac compatibility, enhanced AI workflows. Its TÜV Rheinland certification for eye comfort positions the display as an important asset for AI-driven creative professionals.

Duke Energy finalized a $6 billion deal with Brookfield, giving Brookfield a 19.7% stake in Duke Energy Florida (DEF). This partnership injects $4 billion into DEF’s $87 billion five-year capital plan to meet growing energy demand. Valued attractively, the deal raises Duke Energy’s FFO/Debt target by 100 bps to 15%, supporting a 5-7% EPS growth through 2029. Duke Energy retains majority ownership and operational control, with no workforce or leadership changes planned for DEF.