GE HealthCare Gets 510(k) Clearance From FDA For Portrait Mobile Monitoring Solution

Gold Little Changed Ahead Of Busy Week Of Economic Data

Gold prices were flat to slightly lower on Monday, pressured by a firmer dollar and elevated bond yields as inflation and interest rate concerns returned to haunt investors.

Spot gold was little changed at $1,913.65 per ounce, while U.S. gold futures were down 0.1 percent at $1,945.50.

A strong U.S. dollar and higher U.S. Treasury yields weighed on bullion after data on Friday showed U.S. producer prices rose more than expected in July while consumer confidence dropped for the first time in 14 months, raising much uncertainty about the outlook for inflation and interest rates.

The producer price index rose 0.3 percent from the previous month following a revised unchanged reading in June and expectations for a reading of 0.2 percent.

The annual rate of producer price growth reaccelerated to 0.8 percent from just 0.2 percent in June, as cost of services increased.

Investors look ahead to a busy week of economic data, with Japanese inflation, China’s industrial output numbers and U.S. reports on retail sales, industrial production and housing starts due this week.

The minutes of the latest Federal Reserve meeting will also attract investor attention later this week.

Chesapeake Energy Agrees To Sell Remaining Eagle Ford Assets To SilverBow For $700 Mln

Chesapeake Energy Corp. (CHK) Monday announced the execution of an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (SBOW) for $700 million.

SilverBow has also agreed to pay Chesapeake an additional contingent payment of up to $50 million, which could increase the total proceeds of the deal to $750 million.

The company said the total proceeds from its Eagle Ford exit will be more than $3.5 billion.

As per the agreement, Chesapeake has agreed to sell approximately 42,000 net acres and approximately 540 wells in the condensate-rich portion of its Eagle Ford asset located in Dimmit and Webb counties.

Chesapeake expects the transaction will close by February 1, 2023. The company will receive $650 million upon closing, subject to customary adjustments, with the final $50 million installment paid one year from the closing date.

DouYu Swings To Profit In Q2

Chinese game-centric live streaming platform DouYu International Holdings Ltd. (DOYU) Monday reported earnings in the second quarter compared to loss for the same period prior year. However, revenue decreased by 24.1 percent.

Quarterly net earnings were RMB 6.8 million or $0.9 million, compared with loss of RMB 38.8 million or $5.8 million of last year.

Earnings per ADS was RMB 0.02 compared to loss of RMB 0.10 or $0.01 of the prior year.

Adjusted earnings were RMB 61.4 million or $8.5 million, compared to prior year’s earnings of RMB 23.5 million or a loss of $3.5 million.

Adjusted earnings per ADS was RMB 0.19 or $0.03, compared to loss of RMB 0.10 or $0.01 for the same period last year.

Revenues, however, decreased to RMB 1.392 billion or $192 million from RMB 1.833 billion or $273.7 million last year.

On average, four analysts polled by Thomson Reuters expected the company to report revenue of $184.12 million for the quarter. Analysts’ estimates typically exclude one-time items.

In premarket activity, shares of DouYu are trading at $1.06, up 0.95% on Nasdaq.

Shapeways Holdings, Inc. Q2 Loss Climbs

Shapeways Holdings, Inc. (SHPW) revealed Loss for its second quarter that increased from last year

The company’s earnings came in at -$6.78 million, or -$0.99 per share. This compares with -$4.67 million, or -$0.70 per share, in last year’s second quarter.

The company’s revenue for the quarter rose 0.1% to $8.44 million from $8.43 million last year.

Shapeways Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$6.78 Mln. vs. -$4.67 Mln. last year.
-EPS (Q2): -$0.99 vs. -$0.70 last year.
-Revenue (Q2): $8.44 Mln vs. $8.43 Mln last year.

Next quarter revenue guidance: $8.5 Mln- $9.0 Mln

Embraer Q2 Loss Narrows; Stock Up In Pre-market

Embraer S.A. (ERJ) a Brazilian aircraft manufacturer, on Monday reported lower loss for the second quarter of the full year, on higher revenues.

For the quarter, it reported a loss that narrowed to $18.8 million or $0.0256 loss per share from $146.4 million or $0.1993 loss per share of last year.

Excluding items, it reported earnings of $57.9 million compared to $46.2 million of the previous year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share for the quarter. Analysts’ estimates typically exclude one-time items.

Revenues increased 27 percent to $1.292 billion from $1.018 billion previous year, on higher volumes. The Street estimate for revenue was $1.2 billion for the quarter.

In pre-market activity, shares of Embraer are trading at $15.49, up 3.54% on the New York Stock Exchange.

Man who allegedly shot Adams County Sheriff deputy has been arrested

Adams County Sheriff‘s deputies have tracked down and arrested a man who allegedly shot a deputy overnight after a chase in north metro Denver.

The bullet hit the deputy in an area protected by a bullet-proof vest and medics were evaluating his condition.

The shooting happened near the intersection of West 74th Avenue and Federal Boulevard. Deputies had stopped the man for a traffic violation near the intersection of East 88th Avenue and Colorado Boulevard, sheriff officials said in a posting on X, the social media site formerly called Twitter.

The man was not identified.

GE HealthCare Gets 510(k) Clearance From FDA For Portrait Mobile Monitoring Solution

GE HealthCare (GEHC) announced Monday it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Portrait Mobile wireless and wearable monitoring solution.

The Portrait Mobile platform enables real-time continuous monitoring with a personalized view of the patient’s vitals while keeping patients mobile during critical recovery periods, especially after surgery or discharge from the intensive care unit.

The wireless patient-worn sensors combined with the smart phone-sized monitor eliminate all traditional tethers, allowing patients to move about the ward freely, key to helping improve outcomes and reduce length of stay.

The uninterrupted flow of data and continuous measurement of vital signs, such as respiration rate, oxygen saturation and pulse rate, can help healthcare providers detect patient decline as it is happening, enabling timely intervention before a patient deteriorates.

Portrait Mobile is part of GE HealthCare’s FlexAcuity monitoring solutions that combine hardware and software engineered to adapt to rapidly changing patient needs and builds on a well-established history of clinical advancements.