Markets

SunCar Technology Group Inc. reported strong Q3 FY25 results with a 6% revenue increase to $115.8 million and a significant swing to $1.4 million net income, a reversal from a prior loss. Adjusted EBITDA surged 128% to $4.9 million. The company is leveraging AI and strategic partnerships with major EV manufacturers like Tesla and NIO to enhance services and expand its market reach within China’s automotive and insurance sectors. Acquisitions and new contracts further bolster its Auto Services division, positioning SunCar for continued growth.

CTO Realty Growth acquired Pompano Citi Centre for $65.2 million, marking its entry into the Fort Lauderdale market. The 509,000 sq ft open-air retail center boasts 92% occupancy and includes additional shell space for future leasing. This strategic acquisition in a high-income area is expected to enhance long-term value through rent adjustments and leasing initiatives, further boosting CTO’s investment volume.

Focus Graphite’s Lac Tetepisca Project has completed its 2022 drill program, extending graphite mineralization to 8 km. Final assay results will inform an updated Mineral Resource Estimate in Q1 2026, crucial for metallurgical testing and development. This project is poised to contribute significantly to North America’s graphite supply chain amidst rising global demand for electric vehicle batteries.

Takeda’s oral TYK2 inhibitor, zasocitinib, demonstrated strong efficacy in Phase 3 psoriasis trials, meeting all primary and secondary endpoints. The drug achieved significant skin clearance, with many patients experiencing substantial improvement and complete skin clearance by week 16. Zasocitinib showed a consistent safety profile and is poised for regulatory submission in fiscal year 2026, offering a promising new oral treatment option for moderate-to-severe plaque psoriasis.

Molecular Partners will present pipeline updates and its 2025 outlook at the J.P. Morgan Healthcare Conference. CEO Patrick Amstutz will discuss advancements in their novel DARPin drug technology, focusing on oncology. The presentation, webcast live, is expected to detail clinical progress, strategic direction, and financial projections for the coming year, offering insights into the company’s innovative therapeutic approach and market potential.

UL Solutions and Saudi Electricity Company have partnered to enhance fire safety and life protection standards in Saudi Arabia. This collaboration will leverage UL’s expertise to develop training programs, test and certify systems, and cultivate local technical skills, bolstering safety for critical infrastructure amidst the Kingdom’s rapid development and Vision 2030 initiatives.

SmartStop Self Storage REIT celebrates 15 years of significant growth in Canada. Since 2010, the company has strategically expanded its operations, now boasting the largest footprint in the Greater Toronto Area and the fourth-largest nationwide. With 49 properties across four provinces, including a new facility in Montréal, SmartStop has established itself as a trusted leader by focusing on operational excellence, customer service, and community relationships, while continuing to innovate and expand its market presence.

Cognizant partners with Bupa Hong Kong to modernize claims processing using AI. The five-year agreement will implement Cognizant’s AI-driven Business-Process-as-a-Service solution, featuring generative AI for automation and fraud detection. This aims to enhance Bupa’s operational efficiency, regulatory compliance, and customer experience, accelerating claims processing and boosting satisfaction.

Granite Point Mortgage Trust declared its fourth quarter dividends for common and preferred stockholders, payable January 15, 2026. The company also updated its business activity, reporting loan funding, significant principal repayments, REO refinancing, and a reduction in credit facility borrowings. Granite Point maintains robust liquidity with $66.9 million in unrestricted cash, reflecting active portfolio management and a strategy to navigate market volatility.

Norwegian Cruise Line announced its Winter 2027-28 deployment, featuring over 370 voyages across nearly 50 countries. This season highlights expanded Caribbean itineraries, significant deployments in Asia, and returns to Australia and New Zealand. NCL is also enhancing its Free at Sea Plus™ program, offering unlimited amenities for a nominal daily fee. The program includes unlimited Starbucks beverages, streaming Wi-Fi, select wine and champagne, bottled water, and specialty dining discounts, with the unlimited open bar extending to their private island.