Quicker Psychedelic Drugs Offer Investors a Better Trip
But to regain past stock market highs, psychedelics companies must also demonstrate commercial viability; not easy when patients consuming hallucinogens such as psilocybin (the active ingredient in magic mushrooms) and LSD might require supervision for between six and 12 hours.
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Chicago Bears call on state legislature to pass bill and provide momentum for suburban stadium
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Yahoo
11 minutes ago
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Vortex Companies Promotes Ram Vela to Chief Strategy Officer to Lead Corporate Growth and Global Transformation
HOUSTON, Aug. 8, 2025 /PRNewswire/ -- The Vortex Companies, a global leader in trenchless infrastructure renewal solutions, is pleased to announce the promotion of Ram Vela to Chief Strategy Officer (CSO). In this newly elevated role, Vela will be responsible for shaping and institutionalizing the company's long-term strategic vision, and aligning growth initiatives across domestic and international markets. His promotion comes as the company continues to expand its global footprint through both organic and acquisitive efforts. Vela previously served as Senior Vice President of Corporate Development and Analytics, where he focused exclusively on executing the Company's acquisition strategy. He has been instrumental in expanding Vortex's service and product portfolio, integrating these businesses, and fostering a culture of innovation across all business units. "Ram has always been a catalyst and visionary within Vortex—anticipating industry shifts and charting a path forward to help us stay ahead of the curve," said Mike Vellano, CEO of Vortex Companies. "His ability to bridge the technical and commercial sides of our business makes him uniquely suited to lead our strategic direction as we scale and evolve." As CSO, Vela will focus on identifying new market opportunities and strategic partnerships, supporting M&A initiatives, and accelerating the integration of advanced technologies that align with Vortex's mission to renew critical infrastructure with minimal disruption. "I'm honored to have been considered for this role at such a pivotal inflection point for Vortex," said Vela. "We have a bold vision, exceptional talent, and industry-leading solutions—and I'm excited to help guide our next phase of growth and transformation." Vela's promotion marks another milestone in Vortex Companies' continued advancement as a technology-forward global infrastructure solutions provider. About Vortex Companies Celebrating 10 years in the industry, Vortex Companies is a global leader in trenchless water and sewer infrastructure solutions, offering advanced technologies and turnkey services for municipal, industrial, and commercial systems. With 29 locations worldwide, Vortex specializes in the rehabilitation of manholes, pipes, and structures; the manufacture of specialty mortars, polymeric coatings, resins, and CIPP liners; and the development and distribution of sewer robotics, UV technologies, and high-speed drain cleaning tools. For more information, visit View original content to download multimedia: SOURCE Vortex Companies Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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David Abrams Reduces Stake in Loar Holdings Inc, Impacting Portfolio by -6.74%
Insight into Abrams Capital Management's Latest Moves David Abrams (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. David Abrams (Trades, Portfolio) founded Abrams Capital Management in 1999, where he is the CEO and portfolio manager. Before establishing the Boston-based firm, he worked with Bauposts Seth Klarman (Trades, Portfolio) for 10 years. Describing itself as "opportunistic," Abrams Capital Management follows a fundamental, value-oriented approach to investing. The firm relies on a value approach that emphasizes a company's fundamentals to stocks. It typically invests for the long term in a concentrated number of holdings, spreading its assets across stocks, debt instruments, distressed debt, and illiquid investments, among other classes. Warning! GuruFocus has detected 3 Warning Sign with LOAR. Summary of New Buy David Abrams (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Circle Internet Group Inc (NYSE:CRCL), with 275,000 shares, accounting for 0.82% of the portfolio and a total value of $49.85 million. Summary of Sold Out David Abrams (Trades, Portfolio) completely exited 1 of the holdings in the second quarter of 2025, as detailed below: Cantaloupe Inc (NASDAQ:CTLP): David Abrams (Trades, Portfolio) sold all 7,180,000 shares, resulting in a -1% impact on the portfolio. Key Position Reduces David Abrams (Trades, Portfolio) also reduced his position in 1 stock. The most significant changes include: Reduced Loar Holdings Inc (NYSE:LOAR) by 5,377,677 shares, resulting in a -14.37% decrease in shares and a -6.74% impact on the portfolio. The stock traded at an average price of $86.3 during the quarter and has returned -30.13% over the past 3 months and -8.51% year-to-date. Portfolio Overview At the second quarter of 2025, David Abrams (Trades, Portfolio)'s portfolio included 13 stocks, with top holdings including 45.17% in Loar Holdings Inc (NYSE:LOAR), 13.51% in Lithia Motors Inc (NYSE:LAD), 8.23% in Asbury Automotive Group Inc (NYSE:ABG), 6.51% in Somnigroup International Inc (NYSE:SGI), and 6.38% in Coupang Inc (NYSE:CPNG). The holdings are mainly concentrated in 6 of all the 11 industries: Industrials, Consumer Cyclical, Communication Services, Financial Services, Energy, and Healthcare. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
