Ultime notizie per CXApp (NASDAQ:CXAI) Azioni

CXApp

CXApp Inc is a provider of AI-powered employee experience solutions, delivering enterprise-grade software that enhances workplace engagement, productivity, and operational efficiency. The company's flagship product, the CXAI Platform, provides a comprehensive suite of tools designed to empower employees and enable organizations to create smarter workplaces. The product's key components include CXAI Apps, CXAI BTS, and CXAI-VU. The company generates the majority of its revenue from Licenses.

CXApp Inc

CMND-100 has the potential to provide an innovative and advanced treatment option for hundreds of millions of people around the world afflicted with Alcohol Use Disorder
Vancouver, Canada, June 05, 2025 (GLOBE NEWSWIRE) -- Clearmind Medicine Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMND#NASDAQ">CMND</a>), (FSE: CWY0) ("Clearmind" or the "Company"), a clinical-stage biotech company focused on discovery and development of novel psychedelic-derived therapeutics to solve major under-treated health problems, today announced the enrollment of the first patient in its Phase I/IIa clinical trial for CMND-100, a proprietary MEAI-based oral drug candidate aimed at treating Alcohol Use Disorder (AUD). The first patient was enrolled at Yale School of Medicine's Department of Psychiatry, marking a significant milestone in the trial.
The trial is evaluating the safety, tolerability, and pharmacokinetic profile of CMND-100, with preliminary efficacy assessments to explore its potential in reducing alcohol cravings and consumption. This first-in-human study represents a pivotal step toward developing a groundbreaking treatment for individuals struggling with AUD.

News

CMND

Clearmind Medicine Enrolls First Patient In Phase I/IIa Clinical Trial For CMND-100, Proprietary MEAI-Based Oral Drug Candidate Aimed At Treating Alcohol Use Disorder

Guidance

ALOT

AstroNova Affirms FY2026 Sales Guidance of $160.00M-$165.00M

Cellebrite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLBT#NASDAQ">CLBT</a>), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced its agreement to acquire Corellium, a leader in Arm-based virtualization software. This combination will set a new standard for digital investigations and the security of smart devices including iOS, Android, automotive systems and any Arm-based IoT device.
Cellebrite intends to acquire Corellium for an enterprise value of $170 million in cash with $20 million converted to equity at closing. Corellium securityholders will receive up to an additional $30 million in cash based on the achievement of certain performance milestones over the next two years. The deal is expected to close this summer, subject to approval of the Committee on Foreign Investment in the United States and other customary closing conditions. Cellebrite plans to provide additional information about Corellium's anticipated financial contribution after the transaction closes. &nbsp;

CLBT

Cellebrite Agrees To Acquire Corellium For Enterprise Value Of $170M In Cash With $20M Converted To Equity At Closing

Telsey Advisory Group analyst Dana Telsey maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Outperform and maintains $90 price target.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Outperform on PVH, Maintains $90 Price Target

Earnings

AstroNova Q1 Adj. EPS $0.05 Down From $0.15 YoY, Sales $37.71M Up From $32.96M YoY

Telsey Advisory Group analyst Dana Telsey maintains J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) with a Market Perform and maintains $21 price target.

JILL

Telsey Advisory Group Maintains Market Perform on J.Jill, Maintains $21 Price Target

The fashion industry, renowned for its creative flair, is also a major contributor to environmental damage. The statistics are truly alarming. The industry accounts for 10% of global carbon emissions, surpassing the environmental toll of all international flights and maritime shipping combined. Additionally, it is the second-largest consumer of the world's water resources, utilizing a staggering 93 billion cubic meters annually, as reported by the World Bank. Compounding this issue, the fashion industry is responsible for producing 20% of global wastewater and 35% of all microplastics found in our oceans.
These figures underscore the significant environmental impact of the fashion sector, highlighting the ongoing need for the industry to adopt more environmentally sustainable practices. The vibrant creativity that defines fashion must be balanced with a concerted effort to mitigate its detrimental effects on the planet, ensuring a more eco-friendly future for the industry and the world.
<h2 class="wp-block-heading">What Is Sustainable Fashion?</h2>
Sustainable style refers to a fashion approach that prioritizes environmental and social responsibility throughout the entire lifecycle of clothing and accessories. It encompasses the use of eco-friendly materials, ethical production practices, and a commitment to reducing waste. Sustainable style aims to minimize the negative impact of fashion on the planet by promoting practices such as recycling, upcycling, and the use of renewable resources.
Far exceeding a simple fashion trend, this represents a worldwide commitment to change. The UN Alliance for Sustainable Fashion brings together various UN agencies and partner organizations to transform the fashion industry in alignment with global Sustainable Development Goals. The Alliance serves as a coordinator between different UN entities involved in fashion while advancing initiatives and regulations that ensure the entire fashion supply chain – from production to consumption – helps achieve specific sustainability targets set by the UN.
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="1192" height="1200" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance.png" alt="" class="wp-image-13893" style="width:500px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance.png 1192w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance-298x300.png 298w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance-1017x1024.png 1017w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance-150x150.png 150w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005020/UN-Fashion-Alliance-768x773.png 768w" sizes="(max-width: 1192px) 100vw, 1192px" /></figure>
Source: UN Alliance for Sustainable Fashion Instagram
Additionally, fashion sustainability encourages consumers to make mindful purchasing decisions, favoring quality over quantity. By integrating sustainability into fashion, the industry can foster a more harmonious relationship with the environment while supporting fair labor practices and community development.
<h2 class="wp-block-heading">AI: The Key to Fashion's Environmental Progress</h2>
Enter artificial intelligence (AI) and new inroads paving the way for a more sustainable future in fashion. By optimizing production processes, reducing waste, and enhancing supply chain transparency, AI is revolutionizing how brands approach sustainability. From predictive analytics that forecast trends to smart inventory management systems that minimize overproduction, AI is not just a tool but a catalyst for change.&nbsp;
<h3 class="wp-block-heading">Demand Forecasting Gets Smarter with Artificial Intelligence</h3>
AI demand forecasting integrates advanced technology with strategic planning to enhance logistical operations. Unlike traditional forecasting methods that solely rely on order data and past sales, AI-enabled forecasting takes a more comprehensive approach by analyzing diverse data sources, including current market trends, digital footprints, social media activity, and online reviews.&nbsp;
These systems continuously process and learn from real-time data, enabling businesses to identify patterns and anticipate shifts in demand with greater precision. Through machine learning algorithms, AI systems can adapt and evolve with each new dataset, incorporating multiple variables like demographics, weather patterns, and social media trends to generate more nuanced and accurate forecasts. This holistic integration of AI technology not only streamlines the forecasting process but also provides businesses with predictive insights that were previously unattainable through conventional methods.
A study by Business of Fashion revealed that brands using AI for demand forecasting have seen an&nbsp;<a href="https://www.businessoffashion.com/reports/news-analysis/the-state-of-fashion-2023-industry-report-bof-mckinsey/" target="_blank" rel="noreferrer noopener">85% improvement</a>&nbsp;in forecast accuracy. This, in turn, has brought about an average&nbsp; 50% reduction in excess inventory, and a 30% decrease in storage costs.&nbsp;
According to H&amp;M Group's Sustainability Director Sarah Chen, AI technology has enabled their company to&nbsp;<a href="https://hmgroup.com/investors/annual-and-sustainability-report/" target="_blank" rel="noreferrer noopener">cut overproduction by 30%</a>&nbsp;in just one year, as reported in their 2023 Sustainability Report. Her numbers are consistent with what the industry is seeing as a whole, where AI-powered demand forecasting has helped reduce fashion industry waste by 20-30%.
Intelligent Personalization Tools Transform Consumer Interaction
AI-powered personalization is dramatically transforming consumer engagement in sustainable fashion, according to recent&nbsp;<a href="https://www.accenture.com/us-en/insights/consulting/empowered-consumer" target="_blank" rel="noreferrer noopener">Accenture research</a>. The data reveals remarkable improvements across multiple metrics, with customer engagement showing a substantial 78% increase through AI-enabled interactions. The technology has proven particularly effective in promoting eco-friendly products, driving conversion rates up by 45% as consumers respond positively to personalized sustainable recommendations.
Customer satisfaction scores have also seen significant growth, with a 65% improvement reported after implementing AI-powered solutions. These impressive results demonstrate how AI technology is not only enhancing the shopping experience but also effectively connecting environmentally conscious consumers with sustainable products. The success can be attributed to AI's ability to deliver hyper-personalized experiences that cut through the noise and simplify decision-making for consumers, while simultaneously promoting sustainable fashion choices.
<h3 class="wp-block-heading">AI Transforms Supply Chain Efficiency</h3>
Fashion brands that leverage AI for supply chain optimization are fundamentally changing how they monitor and run their operations. AI-driven design tools can optimize patterns to reduce fabric waste during production. Additionally, AI-powered sorting systems in recycling facilities can accurately identify and separate materials, improving the quality of recycled textiles. By leveraging these technologies, fashion brands can significantly decrease their environmental footprint, promote circularity, and contribute to a more sustainable future, ultimately transforming the way we think about fashion consumption and waste.
The implementation of AI-driven supply chain optimization has yielded impressive results across multiple sustainability metrics. Dr. Emma Williams, Head of Sustainable Fashion Research at Stanford University, reports fashion supply chains optimized by AI showing a&nbsp;<a href="http://www.stanford.edu/sustainable-fashion/research/2025/ai-impact" target="_blank" rel="noreferrer noopener">45% reduction in overproduction</a>&nbsp;and a 30% decrease in logistics-related carbon emissions.&nbsp;
As Michael Roberts, Chief Technology Officer at Zara, emphasizes in the 2023 Inditex Annual Report, "AI has revolutionized how we monitor our supply chain sustainability. We can now track environmental impact in real-time across 1000+ suppliers." This real-time monitoring capability represents a significant leap forward in supply chain management and environmental stewardship.
Perhaps most notably, supplier compliance monitoring has improved, ensuring better adherence to environmental and ethical standards throughout the supply chain. These achievements demonstrate how AI technology is not just enhancing operational efficiency but also driving meaningful progress in sustainable fashion practices.&nbsp;
<h3 class="wp-block-heading">Try-Before-You-Buy Tech Reduces Overconsumption</h3>
Virtual try-on technology is emerging as a game-changing solution in sustainable fashion retail, driving significant improvements in customer satisfaction and operational efficiency.&nbsp;<a href="https://www.the-future-of-commerce.com/2024/01/11/retail-returns-stats-strategies/" target="_blank" rel="noreferrer noopener">42% of shoppers</a>&nbsp;say they&#8217;d like the ability to try on clothes virtually. By allowing customers to visualize clothing items on themselves through digital platforms before making a purchase, this AI is fueling a reduction in return rates. This substantial decrease not only improves the customer experience but also contributes to sustainability efforts by reducing the environmental impact associated with shipping, packaging, and processing returns.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="456" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005523/Virtual-tryon-1024x456.png" alt="" class="wp-image-13895" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005523/Virtual-tryon-1024x456.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005523/Virtual-tryon-300x134.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005523/Virtual-tryon-768x342.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05005523/Virtual-tryon.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Future of Commerce
Chanel has revolutionized its digital shopping experience by&nbsp;<a href="https://digitaldefynd.com/IQ/ways-chanel-use-ai/" target="_blank" rel="noreferrer noopener">implementing cutting-edge augmented reality (AR) and AI</a>&nbsp;technology into its customer interface. The luxury fashion house now offers an immersive virtual testing platform where consumers can experiment with various products, from eyewear to cosmetics, through their personal devices. This sophisticated digital try-on solution not only enhances the online shopping journey but also empowers customers to make more confident purchasing decisions. By bridging the gap between digital and physical retail experiences, Chanel's AR technology has successfully minimized purchase uncertainty while elevating customer satisfaction levels in the luxury e-commerce space.
The successful implementation of virtual try-on solutions demonstrates how technological innovation can simultaneously address both business challenges and environmental concerns. By providing customers with more accurate and realistic previews of their potential purchases, retailers can minimize the likelihood of returns while enhancing the overall shopping experience. This technology represents a pivotal advancement in sustainable fashion retail, effectively bridging the gap between online shopping convenience and the traditional in-store fitting room experience.
<h3 class="wp-block-heading">AI Powers the Future of Sustainable Product Development</h3>
Artificial Intelligence is fundamentally transforming sustainable product design by enabling designers to optimize materials, predict environmental impact, and create more efficient production processes. According to a report by McKinsey, AI-powered design tools can <a href="https://www.mckinsey.com/~/media/mckinsey/industries/retail/our%20insights/state%20of%20fashion/2023/the-state-of-fashion-2023-holding-onto-growth-as-global-clouds-gathers-vf.pdf" target="_blank" rel="noreferrer noopener">reduce product development time by up to 50%</a> while simultaneously improving sustainability metrics."AI is not just accelerating the design process – it's helping us make better, more sustainable choices from the very beginning," says Sarah Thompson, Head of Sustainable Design at Nike. "Our AI algorithms can analyze hundreds of material combinations and their environmental impact in minutes, a process that would take humans weeks or months." Nike's use of AI in design has contributed to a <a href="https://about.nike.com/en/newsroom/releases/fy23-nike-inc-impact-report" target="_blank" rel="noreferrer noopener">30% reduction in their carbon footprint</a> for new product lines.
Material innovation represents another crucial advancement. AI systems can now predict the performance of sustainable materials before they're physically produced. For instance, Adidas, in partnership with AI firm Alchemie Technology, developed a digital dyeing process that&nbsp;<a href="https://report.adidas-group.com/2023/en/group-management-report-our-company/sustainability/environmental-impacts.html" target="_blank" rel="noreferrer noopener">reduces water usage by 95%</a>&nbsp;compared to traditional methods. "The combination of AI and sustainable design is helping us reach our goal of ending plastic waste," notes James Carnes, VP of Brand Strategy at Adidas.
European luxury brand Stella McCartney employs Google Cloud's AI to track their raw materials' environmental impact, resulting in a&nbsp;<a href="https://sustainabilitymag.com/diversity-and-inclusion-dandi/google-cloud-collaborate-stella-mccartney-sustainable-fashion-industry-pilot" target="_blank" rel="noreferrer noopener">20% reduction in their supply chain emissions</a>. "AI gives us unprecedented visibility into our environmental impact, allowing us to make data-driven decisions that benefit both our business and the planet," explains Stella McCartney.
AI Fashion Tech: Navigating the Ethics Challenge
As the fashion industry increasingly integrates artificial intelligence (AI) to enhance sustainability, ethical concerns arise that warrant careful consideration. One major issue is the potential for job displacement, as automation may replace traditional roles within the industry. Additionally, the reliance on AI algorithms can perpetuate biases, leading to a lack of diversity in design and representation. Furthermore, the environmental impact of AI technologies themselves, such as energy consumption and e-waste, must be addressed. It is crucial for stakeholders to navigate these ethical dilemmas thoughtfully, ensuring that the pursuit of sustainability does not compromise social responsibility or inclusivity in fashion.
"The fashion industry must approach AI adoption with a holistic ethical framework," notes Professor Marcus Rodriguez, Head of Sustainable Fashion at Central Saint Martins. "We're seeing companies rush to implement AI solutions without fully considering their broader societal impact. The key is to harness AI's potential while preserving human expertise and ensuring inclusive, environmentally responsible practices."
These insights highlight the delicate balance between technological advancement and ethical responsibility in fashion's digital transformation. The industry must navigate these challenges thoughtfully, ensuring that the pursuit of sustainability through AI aligns with social responsibility and inclusive practices.
<h2 class="wp-block-heading">Looking Forward</h2>
The future of artificial intelligence in sustainable fashion is showing remarkable potential. McKinsey analysts believe that Generative AI could add up to $275 billion in profits to the fashion industry by 2030. Perhaps most impressively, the industry is expected to achieve a 35% reduction in overall waste by 2026, demonstrating AI's tangible impact on environmental sustainability.&nbsp;
As Dr. Emma Thompson, a Fashion Technology Researcher at MIT, notes in the MIT Technology Review, "AI isn't just transforming fashion; it's revolutionizing how we approach sustainability in the entire retail ecosystem." This expert perspective underscores how AI is not merely enhancing existing processes but fundamentally reshaping the fashion industry's approach to sustainability and environmental responsibility.
<h2 class="wp-block-heading">Conclusion</h2>
The integration of AI into the fashion industry presents a transformative opportunity to address the pressing issue of waste. By leveraging advanced algorithms and data analytics, brands can optimize production processes, reduce overstock, and enhance supply chain efficiency. AI-driven insights enable designers to create more sustainable collections that align with consumer demand, minimizing environmental impact. As the industry embraces these innovative technologies, we can look forward to a future where fashion is not only stylish but also responsible. The journey towards sustainability is ongoing, and AI is poised to be a pivotal ally in reshaping the fashion landscape for the better.
Feature Image: DepositPhotos Licensed

Opinion

Tech

General

Sustainable Style: How AI Is Reducing Waste In The Fashion World

Telsey Advisory Group analyst Joseph Feldman maintains Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) with a Market Perform and raises the price target from $90 to $128.

FIVE

Telsey Advisory Group Maintains Market Perform on Five Below, Raises Price Target to $128

Real Estate

KRON

Kronos Bio Terminated 301 Binney Street Lease, Will Pay $22.5M Termination Fee, Expects $18.2M in Cost Savings

Major cryptocurrencies are dipping on Thursday morning as market participants wait for an announced phone call between President Donald Trump and China&#8217;s president Xi Jinping.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$104,698</td>
<td>-1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$2,598.74</td>
<td>-1.4%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$151.9</td>
<td>-2.9%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.20</td>
<td>-2.5%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1886</td>
<td>-3.5%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001277</td>
<td>-2%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction volume decreased 11.3% and 17.8%. Daily active addresses went down by 14.6% and 5.5%, respectively.</li>
<li>Coinglass data shows 93,731 traders were liquidated in the past 24 hours for $229.60 million.</li>
<li>SoSoValue data shows net inflows of $86.9 million into spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $56.98 million.</li>
</ul>
Trader Notes: Crypto trader Jelle notes that Bitcoin is consolidating between key EMAs and holding local support, exactly as expected. He anticipates more sideways action before a breakout to the upside.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is still compressing between the EMAs, on top of local support. Going exactly as planned so far. Give me a couple more days of chop, drive everyone insane &#8211; and then we send it higher once more. <a href="https://t.co/h3p1Be11qA">pic.twitter.com/h3p1Be11qA</a>
&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1930498102235914682?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/1930508420672528517">sees</a> a potential liquidity sweep coming, predicting Bitcoin could dip below recent lows to flush weak hands before reversing sharply and setting the stage for a stronger upward move. 
On Solana, More Crypto Online <a href="https://x.com/Morecryptoonl/status/1930561465334759860">says</a> the altcoin remains in a corrective phase, struggling below the $164.50 resistance. The next support to watch is $143.50, and a confirmed 5-wave impulse is needed to flip the bias back to bullish.
Meanwhile, Kong Trading stated that Ethereum <a href="https://x.com/KongBTC/status/1930567522904051792">continues</a> to look attractive amid consistent ETH ETF inflows.
For Dogecoin, Trader Tardigrade highlights a historical pattern where DOGE/BTC makes lower lows while DOGE trends upward, a signal that has preceded every major DOGE pump. That setup appears to be repeating now..
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Before each massive <a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> PUMP, the <a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> pair forms lower lows while <a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> trends upward on the weekly chart. This signal has appeared again, suggesting a massive pump is ahead &#x1f680; <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://t.co/jf4P3MdIUS">pic.twitter.com/jf4P3MdIUS</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1930549669203247506?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45778599/bitcoin-stuck-at-105000-what-does-technical-analysis-say">Bitcoin Stuck At $105,000: What Does Technical Analysis Say?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Dip, But Trader Says Everything's Going According to Plan

Telsey Advisory Group analyst Dana Telsey maintains Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) with a Market Perform and maintains $52 price target.

Telsey Advisory Group Maintains Market Perform on Oxford Industries, Maintains $52 Price Target

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Instil Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) with a Buy and maintains $125 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Instil Bio, Maintains $125 Price Target

The MOU values Resulticks at $2 billion which will be paid for in three tranches:
(1) $1.4 billion in Diginex ordinary shares valued at $72 per share and subject to a 12-18 month lock-up, which shares will be issued at closing of the transaction;
(2) $100 million in cash that is payable within 90 business days of the closing of the transaction; and
(3) an earnout of up to $500 million payable in Diginex ordinary shares valued at $72 per share and paid in 3 independent tranches subject to Resulticks attaining at least 75% of the below audited EBITDA threshold figures:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Earnout Amount &nbsp;</td>
<td>Accounting Period &nbsp;</td>
<td>EBITDA Threshold</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>a.</td>
<td>$166,666,666</td>
<td>FY2026</td>
<td>$100,000,000</td>
</tr>
<tr>
<td>b.</td>
<td>$166,666,667</td>
<td>FY2027</td>
<td>$200,000,000</td>
</tr>
<tr>
<td>c.</td>
<td>$166,666,667</td>
<td>FY2028</td>
<td>$325,000,000</td>
</tr>
</tbody>
</table>
</figure>
Resulticks, headquartered in Singapore with operations across the United States, India, Singapore, and the Middle East, is renowned for its omnichannel client engagement automation platform. The platform leverages AI and big data analytics to deliver personalized customer experiences, enabling businesses to orchestrate seamless engagement across digital and physical touchpoints. We believe that by integrating Resulticks' cutting-edge technology, Diginex will enhance its ability to provide comprehensive data-driven sustainability solutions, thereby empowering organizations to meet evolving regulatory requirements and stakeholder expectations with greater precision and efficiency.

DGNX

Diginex Signed Memorandum Of Understanding For A Cash And Share Acquisition Of Resulticks At $2B

MDB: 17% &#x7C; <a href="https://www.benzinga.com//node/45780707">MongoDB shares are trading higher after the company reported better-than-expected Q1 financial results, issued Q2 adjusted EPS guidance above estimates and raised its FY26 guidance. Also, the company announced an additional share repurchase authorization of $800 million.</a>
&nbsp;
VRNT: 22% &#x7C; <a href="https://www.benzinga.com//node/45780570">Verint Systems shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY26 adjusted EPS guidance above estimates.</a>
&nbsp;
LIMN: 150% &#x7C; <a href="https://www.benzinga.com//node/45781243">Liminatus Pharma Regains Nasdaq Compliance</a>

Movers

Trading Ideas

LIMN

VRNT

Market-Moving News for June 5th

Needham analyst Chris Pierce reiterates ChargePoint Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) from Hold to Hold.

CHPT

Needham Reiterates Hold on ChargePoint Hldgsto Hold

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $1100 price target.

COST

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $1100 Price Target

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05075541/Sainte-0605-900x600-1.png" alt="" class="wp-image-13906" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05075541/Sainte-0605-900x600-1.png 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05075541/Sainte-0605-900x600-1-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/05075541/Sainte-0605-900x600-1-768x512.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The Qingdao-based maker of food for special medical purposes is challenging international firms that still dominate the China market but could face tariff uncertainties
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul class="wp-block-list">
<li>Sainte Nutritional has filed for a Hong Kong IPO, boasting a list of heavyweight financial backers and soaring revenue and profits</li>
<li>As Chinese birthrates decline, the infant-focused maker of foods for special medical purposes is diversifying into China's growing market for elderly nutrition</li>
</ul>
When&nbsp;Sainte Nutritional Inc.&nbsp;made its first&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2025/107416/documents/sehk25053002526.pdf">public disclosure</a>&nbsp;for a planned Hong Kong IPO last Friday, it listed Citic Securities as its main sponsor. But in an indicator of strong investor appetite for this up-and-coming maker of infant nutritional products, it revealed a short time later that CLSA would join the underwriting team as overall coordinator.
Sainte's metrics are indeed impressive for such an old-economy company with more than two decades of history. Its revenue has almost doubled over the last three years, rising from 491 million yuan ($68.3 million) in 2022 to 834 million yuan last year. Revenue from cross-border e-commerce platforms amounted to 405.1 million yuan in 2024, making up 48.6% of its total. The company's adjusted net profit has also grown quickly, from 120.7 million yuan in 2022 to 199.4 million yuan in 2024. And its gross margin has hovered at an enviable level of around 71% over the last three years.
Formerly known as Shengtong Nutritional Food, Sainte was one of China's earliest entrants in the domestic market for food for special medical purposes (FSMP), specializing mainly in specialty products for infants with allergies, which accounted for 90% of its revenues in 2024.
The domestic market that still accounts for more than half of Sainte's sales is dominated by international giants.&nbsp;Nestlé&nbsp;(NESN.SW) and&nbsp;Danone&nbsp;(BN.PA) are the country's largest and second-largest players, respectively, followed by Sainte in third and&nbsp;Abbott Laboratories&nbsp;(ABT.US) in fourth. That makes Sainte first among its domestic peers, according to third-party research in the listing document. Only one other domestic company is in the top five, dairy giant&nbsp;China Feihe&nbsp;(6186.HK).
Feihe currently trades at a price-to-sales (P/S) ratio of 2.32, meaning Sainte could fetch a valuation of about 2 billion yuan if it can match that level, based on its 2024 sales. That could help it to raise as much as 500 million yuan, if not more, giving it funds to scale up production at a new facility currently under construction in Inner Mongolia.
The IPO marks just the latest fundraising for Sainte, which also raised 400 million yuan in a Series B round in February. It boasts an A-list of backers, including SAIC Motor's Hengxu Capital investment arm, Hillhouse Capital, Lee Kai-fu's Sinovation Ventures and CICC.
FSMP products require a physician's supervision and are dominated by products for infants with special needs. In China, the penetration rate for all FSMP products is only 3%, well below the 40% rate in mature markets. According to the listing document, the Chinese market is growing 18% annually is expected to reach 53.1 billion yuan by 2029, with infant products accounting for 27.4 billion yuan, or about half the total.
The timing may be good for companies like Sainte to challenge their international peers, who could be hobbled by retaliatory tariffs from China if parts of their supply chains are based in the U.S. Sainte's only outside supplier is in South Korea, making it relatively immune from tariff wars that only affect goods imported to China from the U.S. But that said, it sells nearly half its products overseas, mostly through e-commerce, though the listing document doesn't specify how much, if any, goes to the U.S.
<h4 class="wp-block-heading">Two decades of history</h4>
Sainte's history goes back to 2005, when it was established as the FSMP division of Shengyuan Nutritional, controlled by the husband-and-wife team Zhang Liang and Meng Xiuqing. Zhang founded Synutra International in 1998 as an infant formula maker, and the company was listed on the Nasdaq from 2007 and 2017 before Zhang took it private.
China had no domestic FSMP producers in the early 2000s, according to the listing document. As the current domestic leader in the space, Sainte now has 14 product segments and seven certified products.
The strong investor interest in Sainte seems counterintuitive given China's rapidly declining birth rate. 2024, a Year of the Dragon on the Chinese zodiac and favored by prospective parents, saw an uptick in births to 9.5 million from 9 million in 2023, marking the highest number of annual births of any country in the world. Even so, the long-term outlook is bleak due to factors common to mature economies, including later marriages and the high costs of raising children. Sainte counters that China's Gen Z parents are newly committed to making sure their infants have proper nutrition and are quick to buy specialty products to address any perceived disorders.
Still, Sainte realizes the demographic trends are working against it and is diversifying into products for adults to complement its current portfolio. Demand for non-infant FSMP products is expected to boom as China's population over the age of 60 rises, already accounting for more than one-fifth of the population in 2023, based on official sources. According to Sainte's prospectus, the market for non-infant FSMP products should grow by an average annual rate of 21.5% between 2024 and 2029, reaching 25.8 billion yuan in sales by 2029.
"Guided by our ethos of ‘Precise Nutrition, Professional Care,' we care about the needs of special groups, from infants grappling with allergies, lactose intolerance and preterm vulnerabilities to the silver tsunami of the aging populace," the company said in its listing document. Sainte's 300-plus distributors sell through hospitals, postnatal care centers, specialty stores and online, with over 17,000 points of sale.
Sainte's main manufacturing facility in the Northeastern Chinese city of Qingdao, which it shared with its parent Shengyuan Group until 2023, produced 1.7 tons of FSMP products in 2024. It opened another factory in February this year, and a third is under construction in Inner Mongolia, due to open in 2026.
The company needs to move quickly as a growing field of domestic competitors nip at its heels. The annual number of new FSMP registrations in China jumped from 13 in 2022 to 70 in 2023, and another 42 registrations were recorded last year. Domestic firms accounted for 174 out of 206 FSMP registrations in China as of Sept. 20, according to the State Administration of Market Supervision, showing local Chinese companies want to try to gain a piece of this major market.
That said, the international giants still have a huge lead. Nestlé dominates with a 57% market share, followed by Danone at 18.4%. Sainte is undoubtedly hoping to wrestle some of that away for itself, and could benefit from nationalistic elements as Chinese grow increasingly comfortable with domestic brands. That could bode well for its IPO if investors believe it looks well positioned to keep up its strong growth.

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Sainte Nutritional Files For Hong Kong IPO

Billionaires like James Murdoch, Reid Hoffman and others are throwing their weight behind a new centrist push inside the Democratic Party.
At the heart of this effort is WelcomeFest, a Washington gathering aimed at energizing moderate voices and building a structured political movement to counterbalance the party's progressive wing.
What Happened: WelcomeFest, billed as the largest public gathering of centrist Democrats, kicked off with a clear mission: to organize, energize, and empower the party's moderate wing, <a href="https://www.salon.com/2025/06/04/what-it-means-to-be-a-partisan-centrist-at-welcomefest-a-billionaire-backed-vision-for-democrats/'">the</a> Salon reports.
The initiative is led by the Welcome Party, whose co-founder, Lauren Harper Pope, described the gathering as an attempt to reflect on the 2024 cycle's overperforming Democrats and define "what it means to be a partisan centrist."
Speakers included elected officials like Sen. Elissa Slotkin (D-Mich.), Rep. Jake Auchincloss (D-Mass.), and Rep. Marie Gluesenkamp Perez (D-Wash.), alongside political commentators such as Adam Jentleson, Derek Thompson, and Matt Yglesias.
Unlike left-leaning groups that often challenge incumbents in safe districts, the Welcome Party plans to support centrist candidates in competitive areas where progressives may struggle to win general elections. Harper Pope emphasized that the group's mission is to model itself on progressive organizing strategies while targeting a different voter base.
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Why It Matters: This centrist movement is being bankrolled by a select group of influential donors. James and Kathryn Murdoch, son and daughter-in-law of billionaire media mogul Rupert Murdoch, contributed $2.5 million to the Welcome PAC in 2024.
Reid Hoffman, co-founder of LinkedIn, gave $671,000. Samuel Walton, grandson of Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) founder Samuel Walton, donated $825,000. Joshua Bekenstein, a co-chairman of Bain Capital, added another $375,000 alongside his wife.
While progressive groups like Justice Democrats boast tens of thousands of grassroots donors, Welcome PAC&#8217;s funding so far has relied on a much smaller pool of wealthy backers.
The goal, according to Harper Pope, is to craft a message that resonates with the Democratic base, nearly half of whom, according to a Gallup survey, prefer the party move closer to the center.
"We want to be representative of the party overall," she said. "If the centrist faction of the Democratic Party can be strong, robust and vibrant, it can help us not only win more elections but also help us have the liberal democracy we aspire to."
Meanwhile, Rep.&nbsp;Alexandria Ocasio-Cortez&nbsp;(D-N.Y.), a prominent figure within the left-leaning faction of the Democratic Party, is currently touring with Sen.&nbsp;Bernie Sanders&nbsp;(I-Vt), who <a href="https://www.benzinga.com/news/politics/25/06/45766354/bernie-sanders-warns-saying-trump-is-dangerous-is-not-enough-vows-to-take-on-billionaires-fight-for-working-people-and-resist-movement-towards-authoritarianism">recently criticized Democrats</a> for not having "much of a message for working people, other than to say Trump is dangerous," and wanting to <a href="https://www.benzinga.com/news/topics/25/06/45783272/bernie-sanders-says-there-is-a-new-breed-of-uber-capitalists-who-really-believe-they-are-superior-human-beings">maintain the status-quo</a>.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Photo courtesy: Shutterstock

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