latest news in companies

Eli Lilly Drug Earns Fast-Track FDA Status for Pancreatic Cancer

Eli Lilly Drug Earns Fast-Track FDA Status for Pancreatic Cancer

Indianapolis, Tuesday, 4 August 2026.
Eli Lilly received FDA Breakthrough Therapy designation for olomorasib to treat advanced pancreatic cancer. This marks the drug’s second fast-track status, addressing a fatal condition with no current approved targeted options.

Law Firm Investigates Former Drug Maker Over Crypto Pivot

Law Firm Investigates Former Drug Maker Over Crypto Pivot

New York, Tuesday, 4 August 2026.
Abbott Cooper PLLC launched a fiduciary duty investigation into Stablecoin Development Corporation following its shift from pharmaceuticals to crypto, which triggered a $53.8 million operating loss.

Chinese Regulators Fast-Track Promising Two-Drug Combination for Blood Cancer Treatment

Chinese Regulators Fast-Track Promising Two-Drug Combination for Blood Cancer Treatment

Beijing, Tuesday, 4 August 2026.
China fast-tracked InnoCare’s dual-drug therapy for blood cancer after clinical trials demonstrated a 100% response rate, significantly accelerating the approval process for this innovative treatment.

Kalaris Therapeutics Under Investigation Over Board Conduct Before Restructuring

Kalaris Therapeutics Under Investigation Over Board Conduct Before Restructuring

New York, Tuesday, 4 August 2026.
Abbott Cooper PLLC has launched an investigation into Kalaris Therapeutics board members regarding potential breaches of fiduciary duty toward long-term shareholders prior to major corporate restructuring.

Cogent Communications Faces Investor Lawsuits After Stock Drops 80%

Cogent Communications Faces Investor Lawsuits After Stock Drops 80%

Washington, Tuesday, 4 August 2026.
Cogent Communications faces securities class-action lawsuits following allegations that it misleadingly promoted its optical wavelength order backlog, contributing to an over 80% stock collapse and a 98% dividend cut.

LIV Golf Pushes Ahead With $60 Million US Tournaments as Funding Model Shifts

LIV Golf Pushes Ahead With $60 Million US Tournaments as Funding Model Shifts

Bedminster, Tuesday, 4 August 2026.
LIV Golf is staging $60 million in August tournaments while seeking $350 million from private investors, as Saudi Arabia prepares to end its direct financial backing after 2026.

Major U.S. Corporations Face Investor Class Actions After Multi-Billion Dollar Stock Drops

Major U.S. Corporations Face Investor Class Actions After Multi-Billion Dollar Stock Drops

Seattle, Tuesday, 4 August 2026.
Litigation firm Hagens Berman has filed securities class action lawsuits against several major U.S. companies following misleading financial reports, failed clinical trials, and sudden operational disruptions that wiped out billions in shareholder value.

Best Buy Shifts Strategy to Smaller Stores as Incoming Leadership Seeks New Growth

Best Buy Shifts Strategy to Smaller Stores as Incoming Leadership Seeks New Growth

Minneapolis, Tuesday, 4 August 2026.
To counter slumping sales, incoming Best Buy CEO Jason Bonfig is pivoting to smaller store formats, expanding physical presence into smaller markets to drive both local and digital shopping traffic.

Centennial Bank Leader Tracy French Passes Away After Two Decades of Service

Centennial Bank Leader Tracy French Passes Away After Two Decades of Service

Conway, Monday, 3 August 2026.
Home BancShares and Centennial Bank are mourning the loss of former chief executive Tracy French, whose two-decade leadership drove substantial regional expansion and commercial growth for the financial institution.

Dorchester Minerals Expands Energy Portfolio with Major North Dakota Acquisition

Dorchester Minerals Expands Energy Portfolio with Major North Dakota Acquisition

Dallas, Monday, 3 August 2026.
Dorchester Minerals finalized the acquisition of 3,100 net royalty acres in North Dakota’s Williston Basin, issuing 835,958 common units to expand its cash-generating energy assets.