Category: 3. Business

  • “It’s Time to Buy the Stock of Starbucks”

    “It’s Time to Buy the Stock of Starbucks”

    Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer spoke about recently. Cramer mentioned his discussion with the company CEO, as he commented:

    “Starbucks, now under Brian Niccol, we’re slightly more than a year into his tenure, and after some fits and starts, this morning on Squawk on the Street, he told me that he’s finally ahead of plan… How’s Brian doing it? He’s doing it the Niccol way, taking care of service first. He’s got the scale. He’s got the biggest chain. He’s got the biggest drive-through, the biggest delivery. He just needed to staff all these businesses correctly… Throughput, he explained to me once, is the name of the game. You get that right, it can all come together… I wanted to come out here with something conclusive, conclusively positive about Starbucks. I simply didn’t have the confidence to truly stick my neck out… But now, with the Chinese business about to get a big partner and with cadence improving at the stores, I think it’s all coming together. Few believe the environment’s gotten tougher. Many restaurant chains have disappointed. So the turn of Starbucks is being overlooked. I’m betting that won’t last for long… What are you waiting for? It’s time to buy the stock of Starbucks.”

    Pixabay/Public Domain

    Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, and food products. The company operates through brands, including Starbucks Coffee, Teavana, and Seattle’s Best Coffee.

    While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

    READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

    Disclosure: None. This article is originally published at Insider Monkey.

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  • Dollar strength keeps rupee on back foot; RBI counted on for support

    Dollar strength keeps rupee on back foot; RBI counted on for support

    MUMBAI, Nov 3(Reuters) – The Indian rupee faces renewed pressure on Monday following a fresh rally in the dollar, though expectations of central bank support are seen keeping the currency from slipping to a record low at open.

    The one-month non-deliverable forward (NDF) indicated the rupee will open in the 88.74–88.78 range to the dollar, compared with Friday’s level of 88.7650, just shy of the lifetime low of 88.80 hit in mid-October.

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    The rupee has slipped back to its weakest levels after a brief respite engineered by heavy central bank intervention about two weeks ago. The intervention had helped the currency rally to near the 87.60 level.

    Bankers said persistent importer hedging, NDF expiries and renewed strength in the dollar have all contributed to the renewed pressure on the local unit.

    The Reserve Bank of India has appeared active in the latest phase of the rupee’s decline, with traders citing its presence through state-run banks.

    However, bankers said the central bank does not seem to be defending any specific level.

    “While they haven’t defended any particular level recently, I would expect the RBI to step in around 88.80,” a trader at a private bank said.

    “That’s where they acted last time, and staying away now could risk a large move higher (on dollar/rupee).”

    FED BOOST TO DOLLAR

    The dollar index firmed to a near three-month high on Monday, as expectations of a December rate cut by the Federal Reserve faded.

    A series of Fed officials on Friday voiced unease over the central bank’s decision to cut policy rates last week, reinforcing Chair Jerome Powell’s remark that a rate cut in December is “not a foregone conclusion, far from it.”

    Market pricing now implies roughly a two-in-three chance of a cut next month, down from nearly 90% before Powell’s remarks.

    KEY INDICATORS:

    ** One-month non-deliverable rupee forward at 88.84/88.90; onshore one-month forward premium at 13.25 paise

    ** Dollar index at 99.74

    ** Brent crude futures up 0.5% at $65.1 per barrel

    ** Ten-year U.S. note yield at 4.08%

    ** As per NSDL data, foreign investors sold a net $288.1 million worth of Indian shares on Oct 30

    ** NSDL data shows foreign investors sold a net $86 million worth of Indian bonds on Oct. 30

    Reporting by Nimesh Vora; Editing by Eileen Soreng

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Tribune Resources’ (ASX:TBR) investors will be pleased with their splendid 151% return over the last three years

    Tribune Resources’ (ASX:TBR) investors will be pleased with their splendid 151% return over the last three years

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double your money. For example, the Tribune Resources Limited (ASX:TBR) share price has soared 126% in the last three years. That sort of return is as solid as granite. On top of that, the share price is up 42% in about a quarter.

    So let’s investigate and see if the longer term performance of the company has been in line with the underlying business’ progress.

    This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

    In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).

    During three years of share price growth, Tribune Resources achieved compound earnings per share growth of 164% per year. This EPS growth is higher than the 31% average annual increase in the share price. So it seems investors have become more cautious about the company, over time. We’d venture the lowish P/E ratio of 10.50 also reflects the negative sentiment around the stock.

    You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

    ASX:TBR Earnings Per Share Growth November 3rd 2025

    We’re pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It’s always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Tribune Resources’ earnings, revenue and cash flow.

    When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It’s fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Tribune Resources, it has a TSR of 151% for the last 3 years. That exceeds its share price return that we previously mentioned. And there’s no prize for guessing that the dividend payments largely explain the divergence!

    It’s good to see that Tribune Resources has rewarded shareholders with a total shareholder return of 42% in the last twelve months. That’s including the dividend. That gain is better than the annual TSR over five years, which is 3%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Tribune Resources is showing 1 warning sign in our investment analysis , you should know about…

    For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

    Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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  • Cross-Border Direct Bank Exposures in Asian Economies: A Counterparty Risk Ranking Assessment – ASEAN+3 Macroeconomic Research Office

    Cross-Border Direct Bank Exposures in Asian Economies: A Counterparty Risk Ranking Assessment – ASEAN+3 Macroeconomic Research Office

    This paper develops and applies a portfolio-based framework for assessing systemic risk in cross-border banking networks. Relying on three complementary measures, it captures distinct risk dimensions related to diversification, institution-specific shocks, and contagion potential. Despite limitations stemming from indirect exposures and the lack of bank-level bilateral data, the approach remains informative for surveillance, enabling the identification of jurisdictions that warrant closer supervisory attention. The empirical application shows that systemic risk profiles vary significantly across banking systems, with diversification offering resilience in some cases and concentrated exposures amplifying vulnerabilities in others. The results underscore the importance of adopting multi-pronged analytical methods in supervisory practice to better target scarce monitoring resources toward emerging systemic vulnerabilities.


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  • Apigenin regulates CCR5/JAK1/STAT1/MMPs signaling to alleviate secondary brain injury after intracerebral hemorrhage and its enhanced delivery via targeted nanoparticles | Journal of Nanobiotechnology

    Apigenin regulates CCR5/JAK1/STAT1/MMPs signaling to alleviate secondary brain injury after intracerebral hemorrhage and its enhanced delivery via targeted nanoparticles | Journal of Nanobiotechnology

    Nissl staining assessed neuronal loss after ICH [27]. Specifically, 16 μm-thick coronal frozen brain sections were immersed in Nissl staining solution for 10 min, followed by 2 min of differentiation in graded ethanol. Sections were then mounted and observed under a microscope. Nissl-positive cells were quantified at 20× magnification using ImageJ software (ImageJ 1.5, NIH, USA). H&E staining was performed to evaluate hematoma volume [1]. The section containing the largest hematoma area—typically at the level of the needle track—was selected for staining. The stained sections were scanned using a Leica DM6 microscope, and the hematoma volume was measured using ImageJ software (ImageJ 1.5, NIH, USA).

    TUNEL staining

    To quantify neuronal apoptosis 72 h after ICH, TUNEL staining (green) was performed using an in situ apoptosis detection kit (C1088, Beyotime Biotechnology, Shanghai, China). TUNEL-positive neurons in the hematoma region were manually counted. Three random sections were analyzed for each brain, and the average number of TUNEL-positive neurons was calculated using ImageJ software (ImageJ 1.5, NIH, USA) at 200× magnification. The results were expressed as the percentage (%) of TUNEL-positive neurons.

    Western blot (WB)

    Protein samples were mixed with loading buffer and heated at 95 °C for 8–10 min, followed by electrophoresis on a 10% SDS-polyacrylamide gel (E303-01, Vazyme Biotech Co., Ltd., Nanjing, China). Proteins were transferred to methanol-activated PVDF membranes (IPVH00010, Millipore, Billerica, MA, USA). Membranes were blocked with 5% non-fat milk in TBST at room temperature for 2 h and then incubated overnight at 4 °C with primary antibodies (1:1000 dilution). After three washes with TBST (15 min each), membranes were incubated with HRP-conjugated secondary antibodies (1:3000) at room temperature for 2 h. Protein bands were visualized using enhanced chemiluminescence reagents (WBULP-100ML, Millipore, Billerica, MA, USA) and analyzed for band density using ImageJ software (ImageJ 1.5, NIH, USA). Antibody details are provided in Table S2.

    RNA isolation and quantitative PCR (qPCR)

    Total RNA was extracted from brain tissue 72 h after ICH using Trizol (79306, Qiagen, Hilden, Germany). RNA was reverse transcribed into cDNA using the 5× All-in-One RT MasterMix Kit (R333-01, Vazyme, Nanjing, China). qPCR was performed in triplicate using SYBR Green qPCR MasterMix (Q711-02, Vazyme, Nanjing, China). mRNA expression levels were normalized to β-actin and calculated using the 2-ΔΔCt method. Primer sequences are listed in Table S3.

    Immunofluorescence staining

    Paraffin-embedded brain tissues were sectioned at a thickness of 4 μm for immunofluorescence staining. Sections were first deparaffinized and rehydrated in xylene and graded ethanol, followed by antigen retrieval in sodium citrate buffer at boiling temperature for 1 h. After preparation, the sections were blocked with 5% BSA for 2 h and then incubated overnight at 4 °C with primary antibodies (1:150 dilution). On the following day, sections were incubated at room temperature for 1.5 h with secondary antibodies—goat anti-rabbit Cy3 (1:200, ab6939, Abcam, USA) and goat anti-rabbit Alexa Fluor 488 (1:200, ab150077, Abcam, USA). Finally, the sections were counterstained with DAPI (C0065, Solarbio, Beijing, China) for 15 min, rinsed, and imaged using a Zeiss fluorescence microscope (Zeiss Axio Imager 2, Germany). Cell immunofluorescence was carried out according to established protocols [21]. Neuronal fibers were quantified by MAP2 immunofluorescence staining, and fiber length was analyzed by tracing with ImageJ software. RAW264.7 or HT-22 cells (3 × 10⁴ cells per well) were seeded on coverslips in 24-well plates and cultured overnight. After drug treatment, the culture medium was removed, and the cells were washed three times with cold PBS. Cells were then fixed with paraformaldehyde for 30 min, permeabilized with 0.5% Triton X-100 for 15 min, and blocked with 5% BSA for 2 h. Fluorescently labeled secondary antibodies were applied and incubated at room temperature for 1.5 h. Cells, stained with DAPI (C0065, Solarbio, Beijing, China) for 15 min, were thoroughly washed and mounted with coverslips. Fluorescence images were captured using a Zeiss Axio Imager 2 microscope (Germany).

    Tissue distribution of RVG/FA-NPs@API in ICH model mice

    ICH model mice were established and intravenously injected with Cy5.5-labeled RVG/FA-NPs@API (200 µL, 2 mg/mL) via the tail vein 24 h after ICH induction. In vivo fluorescence imaging was performed at 1, 12, and 24 h post-injection using the IVIS Spectrum imaging system (PerkinElmer, USA). Following euthanasia, major organs, including the brain, liver, spleen, lungs, heart, and kidneys, were harvested for ex vivo imaging. Fluorescence intensity was quantified using ImageJ software to analyze the tissue distribution pattern of the nanoparticles.

    In vivo targeting evaluation of RVG/FA-NPs@API

    After euthanasia, brain tissue was harvested and dissociated into single cells using the Adult Brain Dissociation Kit (130-107−677, Miltenyi Biotec, Germany). CD11b-positive cells were then enriched using CD11b MicroBeads (130-049−601, Miltenyi Biotec, Germany). The enriched cells were subjected to flow cytometry analysis using PE-conjugated anti-mouse CD86 antibodies (105007, BioLegend, USA) at a dilution of 5 µL per 1 million cells in a 100 µL staining volume. Cy5.5 fluorescence was used to evaluate nanoparticle uptake. The proportion of Cy5.5⁺CD86⁺ double-positive cells was analyzed using a BD LSRFortessa™ X-20 flow cytometer (BD Biosciences, USA) to assess the enrichment efficiency of RVG/FA-NPs@API in M1-type macrophages.

    Network pharmacology analysis

    Network pharmacology analysis was conducted as previously described [28]. We used databases, including SwissTargetPrediction, PharmMapper, and DrugBank, to identify potential targets associated with API. In the SwissTargetPrediction database, targets with a probability score greater than 0.1 were selected as initial candidates. Targets related to ICH were retrieved from DisGeNET, OMIM, and GeneCards. For the GeneCards database, targets with a relevance score of ≥ 20 were included. The keywords used for the search included “intracerebral hemorrhage,” “basal ganglia hemorrhage,” “hemorrhagic stroke,” and “intracranial hemorrhage.” Drug-related and disease-related targets from each database were compared, and duplicate entries were removed. The intersection of the two target sets was identified and visualized using a Venn diagram from the online tool (https://bioinformatics.psb.ugent.be/).

    Protein-protein interaction (PPI) network and enrichment analysis

    The overlapping targets of the drug and disease were imported into the STRING database, with the organism set to Homo sapiens and the confidence score threshold set to medium (0.4) to generate a PPI network. The resulting interaction data were then imported into Cytoscape software (version 3.10.1), and network topology parameters, including degree, betweenness, and closeness centrality, were analyzed using the CytoHubba plugin. Functional enrichment analysis, including Gene Ontology (GO) and Kyoto Encyclopedia of Genes and Genomes (KEGG) pathway enrichment, was performed using the Metascape database (https://metascape.org/). The screening criteria were set to Homo sapiens and p < 0.05. Final visualizations were generated using the WeChat online charting tool.

    Molecular docking

    Molecular docking between API and JAK1 protein—including the full-length protein and each of its four individual domains—was performed using AutoDock (version 4.2.6). The protein structure files in PDB format were obtained from the RCSB Protein Data Bank (https://www.rcsb.org/). After removing water molecules from solvents and ligands, hydrogen atoms were added. The PDBQT files of the JAK1 protein and its domains were prepared as receptor files, while the PDBQT file of API was used as the ligand for docking analysis. Docking results were analyzed using AutoDockTools (version 1.5.7), and visualizations were generated using PyMOL (version 2.4.1) and Liplot (version 2.2.8). The root-mean-square deviation (RMSD) between the docked conformations of API and its original structure was calculated using PyMOL. A successful docking result was one with an RMSD ≤ 2.0 Å (0.2 nm).

    Molecular dynamics simulation

    Molecular docking and dynamics simulations of API with the JAK1 protein and its kinase domain were performed using Discovery Studio (BIOVIA, Dassault Systèmes, Discovery Studio Modeling Environment, version 2019). The molecular dynamics simulation involved the following steps: (1) The protein-ligand complex was imported into Discovery Studio, and the “Prepare Protein” tool was used to preprocess the protein structure. (2) The ligand file was opened, and the CHARMM36 force field was applied for energy minimization of the protein and ligand before simulation. (3) The dynamics process was initiated using the “Standard Dynamics Cascade” protocol, with the solvent system window (Complex.dsv) set as the active window for the molecular dynamics simulation. (4) Hydrogen bond fluctuations within the protein-ligand complex, along with the RMSD and root-mean-square fluctuation (RMSF) values of the protein backbone and side chains, were analyzed using Discovery Studio.

    In vitro kinase activity assay

    Active human JAK2 protein (Cat# J62-53G, Signal Chem, Canada) was diluted to a final concentration of 0.1 µg/ml in Kinase Dilution Buffer III (Cat# K23-09, Signal Chem, Canada), and then incubated with His-tagged STAT3 substrate (3 µg), purified from E. coli M15 cells using Ni-NTA magnetic beads (Cat# 30210, Qiagen, Germany), together with 5 µl ATP. Different concentrations of apigenin (10 µM and 20 µM; Cat# A800500, Macklin, China) were added to the reaction system, which was maintained at 30 ℃ for 30 min. Reactions were terminated by adding 1× Laemmli buffer (Cat# 1610747, Bio-Rad, USA) and boiling at 95 ℃ for 5 min. Western blotting was performed using an anti-phospho-STAT3 antibody (Cat# 9145, Cell Signaling Technology, USA) to detect JAK2-mediated phosphorylation of STAT3 at Tyr705 [29].

    Cell culture and cell viability assay

    Cell viability was assessed as previously described [6]. RAW264.7 and HT-22 cell lines (CL-0190/CL-0595, Procell Life Science & Technology Co., Ltd., Wuhan, China) were seeded in 96-well plates at a density of 5 × 103 cells per well in high-glucose DMEM supplemented with 10% fetal bovine serum and 1% penicillin-streptomycin. Cells were treated with various concentrations (0, 12.5, 25, 50, 100, and 200 µM) of API or biotinylated API for 12, 24, and 48 h. After treatment, CCK-8 reagent (C0038, Beyotime Biotechnology, Shanghai, China) was added, and cells were incubated at 37 °C for 2 h in a 5% CO₂ incubator. Absorbance was measured at 450 nm using a spectrophotometer (Thermo Fisher Scientific, USA).

    In vitro live/Dead cell staining

    Cell apoptosis was assessed using a live/dead cell staining method [30]. According to the manufacturer’s instructions, a Calcein-AM/PI Cell Viability and Cytotoxicity Assay Kit (C2015M, Beyotime, Shanghai, China) was used. Briefly, cultured neurons were washed to remove residual esterases from the medium. A working solution containing Calcein-AM (for viable cells) and Propidium Iodide (PI, for dead cells) was added to the cultured cells, followed by incubation at 37 ℃ for 30 min in the dark. After staining, live/dead cell status was assessed under a fluorescence microscope (Zeiss Axio Imager 2, Germany). The ratio of PI-positive (dead) cells to total cells was quantified to evaluate cell membrane integrity and viability.

    Pull-down assay for API-binding proteins

    RAW264.7 cell lysates were incubated overnight at 4 °C with biotin, biotinylated API, or biotinylated API pre-incubated with free API. After incubation, streptavidin-conjugated magnetic beads (21115, Thermo Fisher Scientific, USA) were used to pull down proteins from the lysates at 4 °C for at least 6 h. The beads were thoroughly washed with PBS, and 5× loading buffer was added. Samples were boiled, and the supernatant was collected to detect JAK1 protein.

    Surface plasmon resonance (SPR)

    The binding affinity between API and JAK1 protein (HY-P700583, MedChemExpress, USA) was evaluated using the SPR-based Biacore T200 instrument (Cytiva, Sweden). A CM5 sensor chip was used for the experiment. The sensor surface was activated with a mixture of 50 mM NHS and 200 mM EDC for 7 min. JAK1 protein (420 µg/mL), diluted in 10 mM acetate buffer (pH 4.5), was immobilized on the chip surface at a 10 µL/min flow rate. The surface was then blocked with 1 M ethanolamine (pH 8.5). Multiple binding cycles were performed, and response signals were recorded with time on the x-axis and response units on the y-axis. The collected data were fitted using the Biacore T200 evaluation software with a 1:1 Langmuir binding model to determine kinetic parameters, including the association rate constant, dissociation rate constant, and equilibrium dissociation constant. The experimental procedures and data analysis were carried out by TGTMED Pharmaceutical Technology Co., Ltd. (Shanghai, China).

    Cellular thermal shift assay (CETSA)

    CETSA was performed as previously described [31]. Briefly, ICH mice were intraperitoneally injected with API (20 mg/kg), and RAW264.7 cells were treated with API (25 µM) for 8 h. After treatment, brain tissue from the hemorrhagic side of mice and protein lysates from RAW264.7 cells were collected. Protein stability was assessed at temperatures ranging from 50 °C to 71 °C. Following thermal denaturation, samples were subjected to three freeze-thaw cycles using liquid nitrogen, then centrifuged at 20,000 rpm for 20 min at 4 °C. The supernatants were collected for further analysis.

    Preparation of PLGA nanoparticles and API loading

    API-loaded PLGA nanoparticles were prepared using the solvent evaporation method. Briefly, 50 mg of PLGA-COOH (LA: GA = 50:50, Mw = 30,000–60,000; P2191, Sigma-Aldrich, USA) was dissolved in 4 mL of dichloromethane (DCM; D807825, Macklin, China), followed by the addition of 10 mg of API. The mixture was thoroughly stirred to form the organic phase. This solution was then added dropwise into 40 mL of an aqueous phase containing 1% polyvinyl alcohol (PVA, Mw = 30,000–70,000; P8136, Sigma-Aldrich, USA) under ice bath conditions. A probe-type sonicator (Scientz-IID, Ningbo Scientz Biotechnology Co., Ltd., China) was used to ultrasonicate the mixture at 200 W for 3 min (2-second pause, 1-second pulse). The resulting emulsion was stirred at 500 rpm under ventilation for 4 h to allow DCM evaporation. The formed nanoparticles were collected by centrifugation at 12,000 rpm for 10 min (Model: 5810R, Eppendorf, Germany), washed three times with deionized water, and freeze-dried for storage [32, 33].

    Surface functionalization with RVG29 and FA

    Dual modification was achieved by incorporating DSPE-PEG2000-RVG29 (HY-172705, MedChemExpress, USA) and DSPE-PEG2000-FA (PS2-DEFA, Pengshuo Biotech, China). Briefly, 5 mg of lyophilized PLGA nanoparticles were dispersed in 10 mL PBS (pH 7.4), followed by the addition of 0.5 mg DSPE-PEG2000-RVG29 and 0.5 mg DSPE-PEG2000-FA. The mixture was sonicated in a 37 °C water bath for 10 min and stirred at room temperature for 12 h. The modified nanoparticles were washed three times by centrifugation at 10,000 rpm, lyophilized, and designated as RVG/FA-NPs@API [34]. To evaluate the respective targeting roles of RVG29 and FA, single-modified nanoparticles were also prepared, namely RVG-NPs@API and FA-NPs@API. The procedure was identical to that of the dual-modified group, except that only 0.5 mg DSPE-PEG2000-RVG29 or 0.5 mg DSPE-PEG2000-FA was added, followed by lyophilization for storage.

    Characterization of particle Size, zeta potential, and morphology

    Nanoparticle morphology and size were characterized using transmission electron microscopy (TEM) and dynamic light scattering (DLS). TEM: Approximately 3 µL of nanoparticle suspension was dropped onto a carbon-coated 200-mesh copper grid, allowed to stand at room temperature for 5 min, excess liquid removed, and negatively stained with 3 µL of 1% (w/v) uranyl acetate for 5 min. After drying, samples were observed at 80 kV using a TEM (Tecnai-10, Philips, The Netherlands). DLS: Hydrodynamic diameter, polydispersity index (PDI), and ζ-potential were measured using a Zetasizer Nano ZS90 (Malvern Instruments, UK) with three independent replicates [35]. Structural Confirmation: RVG/FA-NPs@API (6 mg) was dissolved in DMSO-d6/D2O (3:2) and analyzed by 1 H NMR spectroscopy to verify conjugation [36].

    X-ray diffraction (XRD)

    XRD patterns were obtained using a diffractometer equipped with a Cu target and graphite monochromator (Rigaku D/max 2500/PC, Japan). Cu-Kα radiation (λ = 1.54 Å) was used as the incident beam, with a scanning range of 5°−90°, operating at 40 kV and 200 mA, and a scan rate of 5°/min with a 1-s counting time.

    Determination of drug encapsulation efficiency (EE%) and loading efficiency (LE%)

    To evaluate the drug EE%, 5 mg of freeze-dried RVG/FA-NPs@API was dissolved in 1 mL of acetonitrile by sonication. The concentration of API was then determined using a high-performance liquid chromatography (HPLC) system (Agilent 1260, USA). A C18 column (4.6 mm × 250 mm, 5 μm; Waters, USA) was used with a mobile phase of methanol: water (60:40, v/v) at a 1.0 mL/min flow rate. The detection wavelength was set at 340 nm. EE% and LE% were calculated based on the standard calibration curve [34].

    Stability evaluation

    To assess the stability of RVG/FA-NPs@API, the nanoparticles were incubated in PBS buffer and cell culture medium containing 10% fetal bovine serum (FBS) for 0 and 24 h. At the designated time points, aliquots of the nanoparticle suspension were collected, and particle size was measured using DLS. For long-term storage stability evaluation, freshly prepared RVG/FA-NPs@API were stored at 4 °C in the dark. Samples were taken on days 0, 15, 30, 45, and 60, and particle size was measured via DLS to assess changes over time.

    In vitro drug release study

    A total of 5 mg of RVG/FA-NPs@API was resuspended in 1 mL of PBS (containing 0.5% Tween-80, at either pH 7.4 or pH 5.5) and placed into a dialysis bag (MW cut-off 10,000 Da; Spectrum Labs, USA). The bag was then immersed in 50 mL of the corresponding buffer and incubated at 37 °C with constant shaking at 100 rpm. At 1, 2, 5, 7, 10, 25, and 50 h, 1 mL of the release medium was collected and replaced with an equal volume of fresh buffer. The concentration of API in the release samples was determined using HPLC.

    In vitro biocompatibility assessment of nanoparticles

    RAW264.7 cells were seeded in 6-well plates at a density of1 × 10⁵ cells/well and polarized into M1 macrophages by stimulation with LPS (1 µg/mL, L4391, Sigma-Aldrich, USA) for 12 h, or into M2 macrophages by stimulation with IL-4 (20 ng/mL, 200-04, PeproTech, USA) for 24 h [37]. Polarized RAW264.7 cells and HT22 cells were then seeded into 96-well plates (5 × 10³ cells/well) and cultured in high-glucose DMEM supplemented with 10% fetal bovine serum and 1% penicillin–streptomycin at 37 ℃ in a 5% CO2 incubator. Cells were treated with RVG/FA-NPs@API at different concentrations (5–25 µg/mL) for 24 h, followed by the addition of 10 µL/well CCK-8 reagent (Dojindo, Japan). After incubation for 2 h at 37 °C, absorbance was measured at 450 nm [38].

    In vitro cellular uptake of nanoparticles

    RAW264.7 cells were seeded into 6-well plates at a density of 2 × 10⁵ cells per well and incubated at 37 °C in a 5% CO₂ atmosphere for 24 h. The cells were then transferred to a fresh DMEM medium containing FITC-labeled RVG/FA-NPs@API (FITC conjugation achieved via covalent grafting; Sigma-Aldrich, USA) and incubated for 6 h. After incubation, all cells were fixed with 4% paraformaldehyde for 20 min and washed with PBS. The nuclei were stained with DAPI for 15 min. Fluorescence images were captured using a confocal laser scanning microscope (CLSM), and cellular uptake of RVG/FA-NPs@API was quantitatively analyzed using a flow cytometer (BD FACSvantage SE, USA) [39].

    Statistical analysis

    All experiments were conducted in a randomized and blinded manner. Each in vitro experiment was independently repeated at least three times, and each In vivo group included more than three mice. Statistical analyses were performed using GraphPad Prism 10.0 software (GraphPad Software Inc.). For comparisons between two groups, Tukey’s multiple comparison test was used. For multiple group comparisons, one-way or two-way analysis of variance (ANOVA) was applied, followed by appropriate post hoc tests. A p-value < 0.05 was considered statistically significant. All data were expressed as mean ± standard deviation (SD).

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  • A cross-sectional survey of Plasmodium falciparum and Plasmodium vivax in India using rapid diagnostic test and microscopy across 12 sites of varying transmission, 2023–2024 | Malaria Journal

    A cross-sectional survey of Plasmodium falciparum and Plasmodium vivax in India using rapid diagnostic test and microscopy across 12 sites of varying transmission, 2023–2024 | Malaria Journal

    During the study period (September 2023 to April 2024), 10,290 febrile participants who consented to inclusion in the study were tested by RDT and subsequently by microscopy across 12 different study locations (Fig. 1, Table 1). Of these, 4,237 (41.2%) participants were from four highly endemic sites (Lawngtlai, Dantewada, Lunglei, and West Singhbhum), 3,477 (33.8%) were from three moderately endemic sites (Kothagudem, South Tripura, and Balaghat), and 2,576 (25.0%) were from 5 sites with low malaria endemicity (North Goa, Lakhimpur, Mangalore, Uttara Kannada, and Bokaro). Overall, 5,349 (52%) participants were female and 4,941 (48%) male. A total of 1,022 (9.9%) participants were < 5 years old, 2,774 (27.0%) were between 5 and < 15 years old, and the remaining 6,494 (63.1%) were aged 15 years or older (See supplemental file S1).

    Table 1 Malaria diagnosis using rapid diagnostic test and microscopy

    Overall malaria positivity using RDT and microscopy

    Of the 10,290 participants, 1,516 (14.7%, 95% confidence interval (CI) 7.7–21.8%) tested positive for malaria (any species; either mono-infection or a mixed infection) by RDT (Fig. 2). Paired microscopic slide results were not available in 36 (0.3%) participants; reasons included damage during transportation, staining issues, and poor-quality smear. Of the 36 with missing microscopic results, 34 was RDT negative (any malaria) and 2 were RDT positive for P. falciparum. Among 10,254 participants in whom microscopy slides were available, 1,436 (14.0%, 95% CI: 6.9%–21.1%) tested positive for malaria (any species).

    Fig. 2

    Malaria prevalence using microscopy and RDT for each of the study sites. 95% CI estimated using Wilson’s method. Current endemicity status for each site shown in parenthesis

    Malaria positivity estimates across the study sites are presented in Table 1 and Fig. 2. In the high endemicity sites, the proportion of participants who tested positive for malaria by RDT and microscopy were 21.2% (225/1,059) and 18.2% (193/1,058) respectively in Dantewada, 23.0% (385/1,671) and 23.8% (397/1,668) in Lawngtlai, 13.9% (124/893) and 13.2% (118/891) in Lunglei, and 49.5% (304/614) and 48.4% (297/614) in West Singhbhum. The corresponding estimates in moderately endemic sites were 30.6% (272/890) and 28.8% (256/888) in Balaghat, 7.9% (131/1,681) and 6.5% (110/1,681) in Kothagudem, and 4.1% (37/906) and 3.1% (28/904) in South Tripura. The corresponding estimates in areas of low endemicities were: 0% (0/241) and 0% (0/215) in Bokaro, 0.5% (3/644) and 0.5% (3/644) in Lakhimpur, 3.4% (22/642) and 3.4% (22/642) in Mangalore, 1.7% (11/647) and 1.7% (11/647) in North Goa, and 0.2% (1/402) and 0.2% (1/402) in Uttara Kannada. Further details are presented in supplemental file S1.

    Causative parasite species

    Of the 1,516 RDT positives, 1,105 (72.9%) were P. falciparum mono-infection, 290 (19.1%) were P. vivax mono-infection, and the remaining 121 (8.0%) had P. falciparum and P. vivax mixed infections. Of the 1,436 who tested positive using microscopy, 1,025 (71.4%) had P. falciparum mono-infection, 304 (21.2%) had P. vivax mono-infection, 2 (0.1%) were identified as P. malariae mono-infection, 104 (7.2%) presented with a mixed P. falciparum and P. vivax, and 1 (0.1%) patient had a mixed P. falciparum and P. malariae. Species specific breakdown of the malaria status is presented in Table 1.

    Performance of RDT for detecting P. falciparum mono-infection

    The diagnostic accuracy of the RDTs in detecting malaria by causative parasite species is presented in Tables 2, 3, and 4. Among 10,254 participants for whom both the RDT and microscopy results were available, 8,987 (87.3%) tested negative by both methods i.e., microscopy and RDT, and 1,087 (10.6%) tested positive by both methods. Further 43 participants (0.4%) were RDT negative but were subsequently found to be microscopy positive, while the remaining 137 (1.3%) were RDT-positive but subsequently tested negative by microscopy. Overall, this resulted in sensitivity and specificity estimates for the RDT (compared to microscopy) of 95.0% [95% CI 93.0–97.0%] and 98.0% [95% CI 97.0–98.0%] respectively in high endemicity areas, 95.0% [95% CI 92.0–97.0%] and 99.0% [95% CI 98.0–99.0%] in the areas of moderate endemicities, and 100% sensitivity and specificity were observed in the areas of low endemicities (Table 3). Pooled across the study sites, the overall sensitivity and specificity estimates of the RDT was 95.0% [95% CI 94.0–96.0%] and 99.0% [95% CI 98.0–99.0%] respectively (Table 2). See Tables 2 and 3 for the predictive values and further accuracy measures.

    Table 2 Accuracy of rapid diagnostic test for detecting malaria infection, by parasite species
    Table 3 Accuracy of the rapid diagnostic test for detecting Pf mono-infection, by malaria endemicity
    Table 4 Accuracy of the RDT for detecting Pv mono-infection, by malaria endemicity

    Performance of RDT for detecting P. vivax mono-infection

    The sensitivity and specificity of the RDT were respectively 81.0% [95% CI 76.0–86.0%] and 99.0% [95% CI 99.0–100%] in the areas of high endemicity, 81.0% [95% CI 58.0–95.0%] and 100% [95% CI 99.0–100%] in the areas of moderate endemicities, and 100% sensitivity and specificity were observed in the areas of low endemicities (Table 4). Pooled across the 12 study sites, the overall sensitivity and specificity of the RDT for detecting a P. vivax mono-infection were 83.0% [95% CI 78.0–87.0%] and 100% [95% CI 99.0–100%] (Table 2). See Tables 2 and 4 for the predictive values and further accuracy measures.

    Performance of RDTs for detecting mixed P. falciparum and P. vivax infection

    The overall sensitivity and specificity of the RDT for detecting a mixed P. vivax and P. falciparum infection were 88% [95% CI: 80%93%] and 100% respectively (see Table 2). See Table 2 for the predictive values.

    Relationship between age, sex and malaria status

    In a multivariable logistic regression containing age, sex, and transmission endemicity, the following variables were associated with increased odds of test positivity by RDTs: every 5 yearly increase in age was associated with 12% lower odds of testing positive (adjusted odds ratio (AOR): 0.88, 95% CI 0.860.90), being male (AOR: 1.24, 95% CI 1.101.39) (compared to females), and residing in the areas of high malaria endemicity (AOR: 17.33, 95% CI 12.5524.68) or moderate endemicity (AOR: 7.81, 95% CI 5.6211.21) (compared to areas of low transmission) (Fig. 3 and see supplemental Table 1 and supplemental Table 2).

    Fig. 3
    figure 3

    Probability of RDT confirmed malaria status by age, sex, and transmission setting. Predictions obtained from a multivariable logistic regression that contained age, transmission setting and sex. The model had age as a linear effect which was the most parsimonious model. For comparison of different model fits, see supplemental file 1

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  • Baker McKenzie Advises Commerzbank on PLN 1.17 billion SERV-backed Guarantee Facility for Calik Enerji Swiss | Newsroom

    Baker McKenzie Advises Commerzbank on PLN 1.17 billion SERV-backed Guarantee Facility for Calik Enerji Swiss | Newsroom

    Baker McKenzie Switzerland advised Commerzbank Aktiengesellschaft (Zurich branch) on a PLN 1,166,286,000 guarantee facility agreement covered mainly by Swiss Export Risk Insurance (“SERV”) for Calik Enerji Swiss AG (“Calik Enerji Swiss”). 

    The facility, guaranteed by Çalık Enerji San. ve Tic. A.Ş. (“Çalık Enerji”), was provided in connection with Calik Enerji Swiss and Çalık Enerji’s EPC contract for the turnkey construction of a 1,336 MW combined-cycle power plant with H2-ready technology in Kozienice, Poland. Baker McKenzie acted as the sole legal counsel to Commerzbank on all Swiss and Turkish law aspects of the transaction.

    Headquartered in Lucerne, Switzerland, Calik Enerji Swiss is one of the Çalık Enerji group’s anchor EPC subsidiaries, delivering international energy and infrastructure projects through the Swiss supply chain. Çalık Enerji, based in Istanbul, is a leading diversified energy company operating across EPC, power distribution and renewable energy in Türkiye, Central Asia, the Middle East, Africa and Eastern Europe.

    Commerzbank Aktiengesellschaft (Zurich branch) is one of Europe’s leading banks in trade and export finance, with a strong footprint in the Swiss market, supporting Swiss export and capital market-oriented clients.

    The Baker McKenzie team was led by Partner Markus Wolf (Banking & Finance, Switzerland) and further included Associate Sammy Guidoum (Banking & Finance, Switzerland) and Trainee Lawyer Valentina Biland (Banking & Finance, Switzerland), as well as Partner Muhsin Keskin and Associate Seray Karaalp from Esin Attorney Partnership Istanbul (Baker McKenzie Istanbul).

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  • Johnson & Johnson Showcases Latest Advancements in Pulsed Field Ablation with Multiple Clinical and Real-world Studies at APHRS and JPHRS

    Yokohama, JAPAN November 3, 2025 – Johnson & Johnson MedTech, a global leader in cardiac arrhythmia treatment1, today announced that new clinical and real-world data from its integrated-by-design VARIPULSETM Platform in pulsed field ablation (PFA) procedures for atrial fibrillation (AF) will be presented at the Asia Pacific Heart Rhythm Society (APHRS) and the Japanese Heart Rhythm Society (JHRS) joint annual meeting, 12–15 November 2025 in Yokohama, Japan.

    The fully integrated platform includes the VARIPULSE™ Catheter, TRUPULSE™ Generator, and CARTO™ 3 Mapping System VARIPULSE™ Software. The Platform is now approved for use in the United States, Europe, Asia Pacific, Canada, and Latin America. More than 25,000 procedures have been performed across the U.S., Europe, Canada, Japan, Hong Kong, mainland China, Korea, Taiwan, and Australia.

    Johnson & Johnson MedTech reaffirms its dedication to advancing scientific knowledge and fostering collaborations aimed at improving patient outcomes by presenting new clinical and real-world evidence from the VARIPULSE™ Platform. The company will also host a comprehensive series of science-based symposia, hands-on demonstrations, and educational sessions at APHRS and JHRS.

    “The clinical evidence we’re presenting at this year’s APHRS and JHRS—highlighting our fully integrated-by-design CARTO™ 3 Mapping System and VARIPULSE™ Platform for pulsed field ablation—alongside a robust scientific program, immersive tech-suite experience, and forward-looking pipeline discussions, reflects our deep commitment and the comprehensive strength of our leading portfolio for atrial fibrillation and complex arrhythmias,” said Jing Li, Vice President, Electrophysiology & Neurovascular, Asia Pacific MedTech, Johnson & Johnson.

    Key data and presentations include:

    • QUEST AF: Oral presentation on the “Acute success of persistent atrial fibrillation ablation with a temperature-controlled very high-power short-duration radiofrequency catheter: initial real-world experience from QUEST AF.”
    • VARIPURE (SECURE): Poster presentation on the “Real-world workflow, efficiency and vein-level analysis for a novel pulsed field ablation variable loop circular catheter in AF procedures: insights from VARIPURE.”
    • admIRE: Oral session on the “Impact of age and diagnosis-to-ablation time on sex differences in 12-month outcomes after catheter ablation for atrial fibrillation in addition to and oral presentation and hot line session on the “Procedural characteristics and clinical outcomes from same-day discharge after pulsed field ablation treatment for atrial fibrillation: an admIRE trial subanalysis.”
    • REAL AF:
      • Poster viewing session on “Right-Sided First Pass Isolation: A Critical Marker of Ablation Efficacy in Atrial Fibrillation
      • Oral session on “Bilateral First Pass Isolation is a Key Procedural endpoint for Successful Atrial Fibrillation”
      • Poster viewing session on “An Analysis of the Benefits of Carina Ablation as an Adjunct to Pulmonary Vein Isolation”
      • Oral session on “A retrospective study of sex differences in left atrial scar burden and atrial fibrillation”
      • Poster viewing session on “Sex Differences in Catheter Ablation Outcomes for Atrial Fibrillation”

    Johnson & Johnson MedTech will continue collaborating with the clinical community to expand real-world evidence around the VARIPULSE™ Platform and accelerate patient-centered innovation in atrial fibrillation care.

    Cardiovascular Solutions from Johnson & Johnson MedTech
    Across Johnson & Johnson, we are tackling the world’s most complex and pervasive health challenges. Through a cardiovascular portfolio that provides healthcare professionals with advanced mapping and navigation, miniaturized tech, and precise ablation we are addressing conditions with significant unmet needs such as heart failure, coronary artery disease, stroke, and atrial fibrillation. We are the global leaders in heart recovery, circulatory restoration, and the treatment of heart rhythm disorders, as well as an emerging leader in neurovascular care, committed to taking on two of the leading causes of death worldwide in heart failure and stroke. For more, visit
    biosensewebster.com.

    About Johnson & Johnson
    At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow and profoundly impact health for humanity. Learn more about our MedTech sector’s global scale and deep expertise in surgery, orthopaedics, vision, and cardiovascular solutions at
    https://thenext.jnjmedtech.com. Follow us at
    @JNJMedTech and on
    LinkedIn.

    Cautions Concerning Forward-Looking Statements
    This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 related to the VARIPULSETM Platform. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to: competition, including technological advances, new products and patents attained by competitors; uncertainty of commercial success for new products; the ability of the company to successfully execute strategic plans; impact of business combinations and divestitures; challenges to patents; changes in behavior and spending patterns or financial distress of purchasers of health care products and services; and global health care reforms and trends toward health care cost containment. A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson’s most recent Annual Report on Form 10-K, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. Risk Factors,” and in Johnson & Johnson’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Copies of these filings are available online at
    www.sec.gov,
    www.jnj.com,
    www.investor.jnj.com or on request from Johnson & Johnson. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments.

    Important information: Prior to use, refer to the instructions for use supplied with this device for indications, contraindications, side effects, warnings and precautions.
    Caution: US law restricts this device to sale by or on the order of a physician.

    © Johnson & Johnson and its affiliates 2025. M_US_ELP_THER_407762

    1 BWI Marketing Share Data 2019


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  • Mainland EV maker Seres raises $1.8 billion in HKSAR listing

    Mainland EV maker Seres raises $1.8 billion in HKSAR listing

    This photo shows the automated production at the Seres Super Factory in Liangjiang New Area, Southwest China’s Chongqing, Sept 19, 2025. (PHOTO / XINHUA)

    Electric-vehicle maker Seres Group Co raised HK$14.3 billion ($1.8 billion) after pricing its Hong Kong listing at the upper limit it had set and exercising an option to increase its deal size.

    The Chongqing-based company, an EV partner of Huawei Technologies Co, sold about 108.6 million shares at HK$131.50 each, according to a statement Sunday. That includes 8.4 million additional shares that expanded the offering by about 8.4 percent.

    The listing price reflects a 22 percent discount to the 155.19 yuan ($21.8) closing price on Friday in Shanghai, where Seres’ stock already trades.

    Seres’ Hong Kong-listed shares are due to start trading on Wednesday.

    The deal is Hong Kong’s eighth listing this year that raised more than $1 billion. Listing proceeds in the city have already topped the $26 billion Bloomberg Intelligence had forecast for 2025.

    READ MORE: Huawei’s EV partner Seres said to gauge interest for $2b listing in HKSAR

    Founded in 1986, the company initially produced springs and shock absorbers before expanding into motorcycles and later to EVs. The partnership with Huawei has been a boon for Seres, which is expected to see profits surge 72 percent to a record 10.2 billion yuan this year, according to the average analyst estimate compiled by Bloomberg.

    China International Capital Corp and China Galaxy Securities Co are joint sponsors of the Seres listing.

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