Herbal Medicine Stock With No Sales Rallies 64,000%
A biotech stock focused on herbal medicine has surged by more than 64,000% so far this year and yet, the company itself has made zero revenue — much less turned a profit.
The unbelievable rally has transformed Regencell Bioscience Holdings Limited, a penny stock as recently as April, to one worth more than $20 billion in market value. A year ago, the stock had a market capitalization of just $53 million. This is despite the company having a net loss of $4.4 million for its fiscal year that ended June 2024, a 28% decrease from the previous year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
18 minutes ago
- Associated Press
Vanderbilt ready to keep investing in football after historic season and House settlement
NASHVILLE, Tenn. (AP) — Vanderbilt has plenty of options for divvying up revenue sharing under the House settlement with a two-time national baseball champ and both men's and women's basketball coming off NCAA Tournament berths. Combined with a record of more losing seasons than bowl berths seemingly would make for an easy decision to invest anywhere but football. Not the Commodores. 'This is the SEC,' Vanderbilt athletic director Candice Storey Lee said Tuesday. 'You have to invest and invest at a high level.' The decision is tougher with the SEC's lone private university coming off one of its best all-around athletic seasons in years. Lee wouldn't specify if Vanderbilt will follow the 75-15-5-5 formula that has emerged as a popular revenue-sharing plan with the House settlement that would send 75% of revenue-share money to football, followed by men's basketball, then women's basketball. Investing more in football isn't just the cost of doing business in the Southeastern Conference. Lee and Chancellor Daniel Diermeier lured Clark Lea away from Notre Dame because they wanted to turn Vanderbilt into a consistent winner, which the Commodores haven't been in decades. In 2021, Vanderbilt announced its biggest football stadium renovation in 40 years with a complete redesign and rebuild of each end zone. The south end zone will be ready for the season opener Aug. 30. All the spending is easier to justify after 2024. With quarterback Diego Pavia, the Commodores went 7-5 and won their first bowl since 2013. The season's highlight was the program's first win over an AP No. 1-ranked team with the Commodores never trailing against Alabama last October. Lea said last season's success is starting to break through the 'cynicism' around Vanderbilt football. 'We all see the opportunity that we have right now,' Lea said. 'And I think for those of us that have been in this really ... certainly for me this being year five, I'm so excited to feel like I have something at stake, to feel like chips are on the table.' Football wasn't the only beneficiary of that initial $300 million investment. The north end zone now features the Huber Center, which opened last fall giving men's basketball and women's basketball each a floor complete with separate practice courts, locker rooms, film rooms and hangout areas for players. The timing was perfect on a campus where women's soccer reached its first Sweet 16 and women's tennis hosted an NCAA regional: — Vanderbilt men's basketball went 20-13 in coach Mark Byington's debut season earning the Commodores' first NCAA Tournament berth since 2017. — The women beat in-state rival Tennessee twice in a season for the first time, went 22-11 and earned a second straight NCAA Tournament berth. With Mikayla Blakes setting records as a freshman and Khamil Pierre back, coach Shea Ralph is targeting titles and the program's first Final Four since 1993. Ralph said she's glad to be working at Vanderbilt for an athletic director who played women's basketball at the school. Lee graduated in 2000 after four seasons playing for coach Jim Foster. Ralph's concern now is how female athletes' fair-market value is assessed. 'Are we being compared to other women? Which is going to set us back,' Ralph said. The practice court once shared now will be used by volleyball, Vanderbilt's 17th sport debuting this fall. The south end zone will have a space that can be used by coach Tim Corbin and his baseball program, which just earned the No. 1 national seed for the NCAA Tournament after winning the SEC Tournament. A training table in that end zone also will be open to all athletes. 'It's clear that we're trying to, yes, invest where you get the largest return on investment, but also invest where all of our student athletes can be positively impacted,' Lee said. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: and
Washington Post
19 minutes ago
- Washington Post
Trump, Biden and U.S. Steel: More government control over the economy
The leader of the Republican Party, which has governed on and off since the 1980s promising to get the government off the backs of the American people, has decided that the steel industry of the United States, once perhaps the most market-friendly nation on earth, should be run by government fiat.
Forbes
20 minutes ago
- Forbes
High-Yield Savings Account Rates Today: June 18, 2025
Rates on savings accounts are the same compared to one week ago. You can now earn up to 5.84% on your savings. Shopping for an account where you can put some money aside? Here's a look at some of the best savings rates you can find today. Related: Find the Best High-Yield Savings Accounts Of 2025 Traditional savings accounts, called "statement savings accounts" in the banking world, have been notorious for paying paltry interest in past years, especially after the Great Recession. That's changed more recently, and you can find rates 10-times higher than those offered by traditional financial institutions if you opt for an online bank or a credit union. The highest yield on a standard savings account with a $2,500 minimum deposit amount within the last week has been 5.84%, according to data from Curinos. If you spot a basic savings account with a comparable rate, you've done well for yourself. Today's average APY for a traditional savings account is 0.22%, Curinos says. APY, or annual percentage yield, accurately represents the actual amount your account will earn during one year. It factors in compound interest, which is the interest that builds up on the interest in your account. High-yield savings accounts often pay considerably more interest than conventional savings accounts. But the thing to know is you may have to jump through some hoops to earn that higher rate, such as becoming a member of a credit union or putting down a large deposit. On high-yield accounts requiring a minimum deposit of $10,000, today's best interest rate is 4.88%. That's about the same as last week. The average APY for those accounts is now 0.23% APY, unchanged from a week ago. On high-yield savings accounts with a minimum opening deposit of $25,000, the highest rate available today is 3.94%. You'll be in good shape if you can nail down an account offering a rate close to that. The current average is 0.24% APY for a high-yield account with a $25,000 minimum deposit. To find the best savings account for your needs, you first must answer the question: What exactly are you looking for? And you must realize that different types of accounts have trade-offs. If you want to open an account at a traditional bank with branches, that will likely rule out the best interest rates, which are typically available at online-only banks. Many traditional savings accounts at brick-and-mortar banks earn just 0.01% or 0.02% APY, while some online-only savings accounts earn more than 4.00% APY. Don't settle on any option until you're certain you have a good grasp on the fees you'll be charged. Savings accounts can ding you with monthly service fees, excess withdrawal fees and returned item fees (if you deposit checks that bounce), among others. Those charges add up and can gnaw away at your savings. As you shop around, check the reviews and ratings of financial institutions and make sure you choose one that will protect your money with federal insurance—from the FDIC or, in the case of credit unions, the NCUA. Curinos determines the average rates for savings accounts by focusing on those intended for personal use. Certain types of savings accounts—such as relationship-based accounts and accounts designed for youths, seniors and students—are not considered in the calculation. The best high-yield savings account pays 5.84% now, according to Curinos data, so you'll want to aim for an account that delivers a yield in that ballpark. But rates aren't everything. You want an account that charges few fees, offers great customer service and has a track record of being a stable institution. Savings yields are variable and can change depending on economic conditions or a bank's particular financial need. Usually rates are influenced by the federal funds rate, meaning that a bank tends to raise or lower its rates along with the Fed. Online banks and credit unions tend to offer the best yields because they can pass along savings from low overhead while also striving to attract new customers.
