logo
Rosen Law Firm Encourages Tempus AI, Inc. Investors to Inquire About Securities Class Action Investigation

Rosen Law Firm Encourages Tempus AI, Inc. Investors to Inquire About Securities Class Action Investigation

Business Wire6 days ago

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Tempus AI, Inc. (NASDAQ: TEM) resulting from allegations that Tempus AI may have issued materially misleading business information to the investing public.
So What: If you purchased Tempus AI securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=39867 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On May 28, 2025, before the market opened, Investing.com published an article entitled 'Tempus AI stock sinks following Spruce Point short report.' The article stated Tempus AI shares had fallen after 'the company was targeted in a short-seller report by Spruce Point. The report raised serious concerns about the integrity of Tempus AI's product, the credibility of its management, and its financial reporting practices.'
On this news, Tempus AI stock fell 19.2% on May 28, 2025.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Donald Trump pushes forward on tariffs despite court challenges: What to know
Donald Trump pushes forward on tariffs despite court challenges: What to know

USA Today

timean hour ago

  • USA Today

Donald Trump pushes forward on tariffs despite court challenges: What to know

Donald Trump pushes forward on tariffs despite court challenges: What to know President Donald Trump is hiking tariffs on aluminum and steel as his administration presses countries to speed up trade talks, amid legal battles. Show Caption Hide Caption Donald Trump doubling tariffs on foreign steel President Trump, during a visit to a U.S. Steel facility in Pennsylvania, announced he will double tariffs on foreign steel to 50%. WASHINGTON —President Donald Trump's trade agenda is about to enter a new phase, as the Republican moves forward − for now − with tariff hikes. In the face of mockery for repeatedly backing down from previous big tariff announcements, Trump is increasing tariffs on aluminum and steel imports to 50%. And he told nations in a letter this week that they have until June 4 to provide an update on the status of negotiations. The tariffs are expected to be a major topic of discussion during Trump's meeting on June 5 with Germany's new chancellor, Friedrich Merz, and in an as-of-yet unscheduled phone call that the White House says the United States president will be holding this week with his Chinese counterpart, Xi Jinping. At the same time, court challenges threaten to keep his administration from enforcing county-specific tariffs. The legal challenges to Trump's tariffs in court have only been a minor setback, Commerce Secretary Howard Lutnick said in a June 1 appearance on "Fox News Sunday." "Rest assured, tariffs are not going away," Lutnick said, adding that even if higher courts upheld rulings that the law Trump cited to impose tariffs didn't grant him that power, the administration would find another legal power to use. Countries quickly came back to the table to negotiate deals after an appeals court allowed Trump's tariffs to remain in place while the administration makes its case. Trump increases tariffs on aluminum and steel Trump has already started to pull some of those levers, announcing plans last Friday to double tariffs on steel and aluminum imports. Trump said a previously imposed tariff of 25% would increase to 50% on June 4. He signed an order formalizing the hike on June 3. The tariffs were expected to affect Canada, which is the largest supplier of steel and aluminum to the United States, and Mexico among other nations. The European Union promptly warned that it could expand a list of countermeasures it is preparing to go into effect in mid-July if a trade agreement with the United States is not reached. Canadian ambassador to the United States Kirsten Hillman told USA TODAY in an interview that the increase was "unideal" but Canada's steel and aluminum exports have other markets that producers have already started to pivot to where they remain in demand. The higher tariffs will be "very negative for the U.S. economy" and for trade between the two countries, Hillman said. She predicted that the hike would lead to "a wall" being erected between the countries for the two metals, prompting shortages and increased costs for Americans. "Those are really costs that are going to be borne by Americans through price increases in everything from cars to home goods, anything that's manufactured with those two metals, which is an awful lot of what we use in our everyday lives," Hillman said. White House downplays trade letter to countries In a separate escalation against America's trading partners, the office of the United States Trade Representative pressed countries to respond by June 4 with their best offers to avoid higher country-specific tariffs. Trump had previously told countries they had until July 8 to cut deals with the United States as part of a 90-day pause on so-called "reciprocal" tariffs he imposed and then halted earlier this year. A universal tariff of 10% that Trump put on most nations at the same time remains in place, as do the tariffs he put on Mexico, Canada and China that were tied to his efforts to combat illegal immigration to the United States and the flow of fentanyl. After a draft of the letter leaked to Reuters, two senior administration officials told USA TODAY that it was not a final notice. White House press secretary Karoline Leavitt also sought to downplay the significance of the correspondence at a June 3 press briefing, where she told reporters, "This letter was simply to remind these countries that the deadline is approaching, and the president expects good deals, and we are on track for that." Canada, China, EU in the crosshairs It was not immediately clear which nations received the letter. Hillman told USA TODAY that Canada, whose minister for trade with the United States Dominic LeBlanc is currently in Washington for talks, was not among them. The meeting is a continuation of the conversation that took place between Trump and Canadian prime minister Mark Carney, the ambassador said, and was not expected to immediately produce a major announcement. Trump currently has a higher tariff of 25% on products not covered by a trade deal between the United States, Canada and Mexico, and a 10% tariff on potash (a kind of fertilizer) and Canadian energy products that are not exempted under the agreement. The administration has said it is talking about deals with more than a dozen countries but none have emerged so far outside of a framework agreement with the UK. The president last month threatened, and then backed off, a threat to impose a 50% tariff on the European Union, as trade talks with the bloc continue. The EU declined on June 2 to comment on the reported USTR letter. U.S. Trade Representative Jamieson Greer is currently in Paris negotiating with trading partners, the White House said on June 3. Trump will also speak to Merz of Germany on June 5 when the leader visits White House for the first time since his May election. Leavitt told reporters that Trump has been "very direct" in his talks with foreign leaders and had told them "they need to cut deals" with his administration. "He's unafraid to use tariffs to protect our industries and protect our workers, but he wants to see these tailor-made deals be signed," Leavitt added. Trump is also expecting to speak with Xi of China this week, the White House has said. The president last week accused China of violating an agreement between the two nations to deescalate their trade war. China fired back that it was the United States undermining the deal that saw the U.S. reduce a 145% tariff to 30% while negotiations take place. Leavitt affirmed to reporters on June 3 that call between the leaders was likely to take place this week but declined to provide additional details during her briefing. A spokesperson for the Chinese embassy in Washington declined to comment on the possibility of a call, the status of negotiations and whether Beijing had received the letter from the United States' trade representative. Trump tariffs hit legal snags The tariffs have faced numerous legal challenges since Trump began rolling them out shortly after taking office. Most recently, the U.S. Court of International Trade paused tariffs that Trump imposed without congressional approval only to have the ruling temporarily blocked by a federal appeals court. A U.S. district court also blocked Trump tariffs from hitting two toy manufacturers at the end of May. The Trump administration appealed that decision on June 2. In another case, a judge on June 2 dismissed a challenge from the state California, saying the filing belongs in the international trade court that is based in New York. The decision will allow California to bring its case to another appeals court. In a series of TV appearances on June 1, administration officials said they were confident courts would ultimately side with Trump. But if a judge rules against the administration, there are "other alternatives that we can pursue as well," the president's National Economic Council director, Kevin Hassett, said in an interview on ABC News' "This Week." He offered provisions of U.S. trade law that give the executive branch the power impose tariffs on imports Trump deems a national security threat or in response to unreasonable or discriminatory trade imbalances as potential options. "This is something we've been studying from 2017 on," he said. "We picked the best way. It's going to be upheld in court."

From no hope to a potential cure for a deadly blood cancer
From no hope to a potential cure for a deadly blood cancer

Boston Globe

timean hour ago

  • Boston Globe

From no hope to a potential cure for a deadly blood cancer

A third responded so well that they got what seems to be an astonishing reprieve. The immunotherapy developed by Legend Biotech, a company founded in China, seems to have made their cancer disappear. And after five years, it still has not returned in those patients -- a result never before seen in this disease. Advertisement These results, in patients whose situation had seemed hopeless, has led some battle-worn American oncologists to dare to say the words 'potential cure.' Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up 'In my 30 years in oncology, we haven't talked about curing myeloma,' said Dr. Norman Sharpless, a former director of the National Cancer Institute who is now a professor of cancer policy and innovation at the University of North Carolina School of Medicine. 'This is the first time we are really talking seriously about cure in one of the worst malignancies imaginable.' The new study, reported Tuesday at the annual conference of the American Society of Clinical Oncology and published in The Journal of Clinical Oncology, was funded by Johnson & Johnson, which has an exclusive licensing agreement with Legend Biotech. The 36,000 Americans who develop multiple myeloma each year face an illness that eats away at bones, so it looks as if holes have been punched out in them, said Dr. Carl June, of the University of Pennsylvania. Bones collapse. June has seen patients who lost 6 inches in height. Advertisement 'It's a horrible, horrible death,' June said. 'Right now advanced myeloma is a death sentence.' (June has immunotherapy patents that are owned by his university.) There have been treatment advances that increased median survival from two years to 10 over the past two decades. But no cures. Dr. Peter Voorhees of the Atrium Health Levine Cancer Institute in North Carolina and the Wake Forest University School of Medicine, who is lead researcher for the newly published study, said patients usually go through treatment after treatment until, ultimately, the cancer prevails, developing resistance to every class of drug. They end up with nothing left to try. The Legend immunotherapy is a type known as CAR-T. It is delivered as an infusion of the patient's own white blood cells that have been removed and engineered to attack the cancer. The treatment has revolutionized prospects for patients with other types of blood cancer, like leukemia. Making CAR-T cells, though, is an art, with so many possible variables that it can be hard to hit on one that works. And it can have severe side effects including a high fever, trouble breathing and infections. Patients can be hospitalized for weeks after receiving it. But Legend managed to develop one that works in multiple myeloma, defying skeptics. The Chinese company gained attention for its CAR-T eight years ago when it made extravagant claims, which were met by snickers from American researchers. Advertisement Johnson & Johnson, though, was looking for a CAR-T to call its own. So, said Mark Wildgust, an executive in the oncology section of the American drug giant, the company sent scientists and physicians to China to see if the claims were true. 'We went site by site to look at the results,' he said. The company was convinced. It initiated a collaboration with Legend and began testing the treatment in patients whose myeloma had overcome at least one standard treatment. Compared with patients who had standard treatment, those who had the immunotherapy lived longer without their disease progressing. The immunotherapy received regulatory approval in that limited setting and is sold under the brand name Carvykti. The study did not determine whether this difficult treatment saved lives. The new study took on a different challenge -- helping patients at the end of the line after years of treatments. Their immune systems were worn down. They were, as oncologists said, 'heavily pretreated.' So even though CAR-T is designed to spur their immune systems to fight their cancer, it was not clear their immune systems were up to it. Oncologists say that even though most patients did not clear their cancer, having a third who did was remarkable. To see what the expected life span would be for these patients without the immunotherapy, Johnson & Johnson looked at data from patients in a registry who were like the ones in its study -- they had failed every treatment. They lived about a year. For Anne Stovell of New York, one of the study patients whose cancer disappeared, the result is almost too good to be true. She says she went through nine drugs to control her cancer after it was diagnosed in 2010, some of which had horrendous side effects. Each eventually failed. Advertisement Taking the Legend CAR-T was difficult -- she said she had spent nearly three weeks in the hospital. But since that treatment six years ago, she has no sign of cancer. She said it was still difficult for her to believe her myeloma is gone. A new ache -- or an old one -- can bring on the fear. 'There's that little seed of doubt,' she said. But in test after test, the cancer has not reappeared. 'It's a relief for me every year to get a bone marrow biopsy,' she said. Myeloma experts applauded the results. Like treatments for many other cancers, treatments for multiple myeloma come with a high price. The drugs are 'hideously expensive,' June said, costing more than $100,000 a year. The total cost over the years can be millions of dollars, June said, usually paid by insurers, 'and it doesn't even cure you.' CAR-T is expensive too. Carvykti's list price is $555,310. But it is a one-time treatment. And, more important, the hope is that perhaps by giving it earlier in the course of the disease, it could cure patients early on. Johnson & Johnson is now testing that idea. Dr. Kenneth Anderson, a myeloma expert at Dana-Farber Cancer Institute who was not involved with the study, said that if the treatment is used as a first-line treatment, 'cure is now our realistic expectation.' That, at least, is the hope, Sharpless said. And for those like the patients in the new study who are living at least five years -- so far -- without disease, the outcome 'really is eye-popping,' Sharpless said. Advertisement 'That's getting to a point where you wonder if it will ever come back,' he added. This article originally appeared in

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store