Latest news with #CDK
Yahoo
9 hours ago
- Business
- Yahoo
Litecoin Holds Support Level as Layer-2 Launch Signals Broader Utlity
Litecoin LTC is clinging to key technical support around $89 as a mix of fundamental and macro developments shape its short-term outlook, according to CoinDesk Research's technical analysis data model. The cryptocurrency traded in a tight range over the last 24 hours, testing lows near $88.92 before recovering. Despite forming a bearish head-and-shoulders pattern, volume support at $89 suggests buyers are stepping in. This stability comes amid broader market uncertainty. The CD20 index of major cryptocurrencies fell around 1% over the same period, reflecting reduced risk appetite as geopolitical tensions and a weakening U.S. dollar shift capital toward hard assets like gold. Still, Litecoin is seeing new tech upgrades and rising interest. Lunar Digital Assets recently launched LitVM, a zero-knowledge Layer-2 network for Litecoin. Built on BitcoinOS and Polygon's CDK, the system introduces EVM-compatible smart contracts and allows cross-chain swaps with Bitcoin BTC and Cardano ADA. These features aim to boost Litecoin's role in decentralized finance while addressing long-standing security risks around blockchain bridges. Litecoin also continues to see growing retail access. IG Group added LTC among various other tokens as it launched crypto trading in the UK. It's impact, given the cryptocurrency's scale, is likely to be limited if any. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Business Insider
4 days ago
- Health
- Business Insider
Arvinas, Pfizer announce VERITAC-2 trial did not reach statistical significance
Arvinas (ARVN) and Pfizer (PFE) announced detailed results from the Phase 3 VERITAC-2 clinical trial evaluating vepdegestrant monotherapy versus fulvestrant in adults with estrogen receptor-positive, human epidermal growth factor receptor 2-negative advanced or metastatic breast cancer, MBC, whose disease progressed following prior treatment with cyclin-dependent kinase, CDK, 4/6 inhibitors and endocrine therapy. These data, which were highlighted in the American Society of Clinical Oncology press briefing and selected for Best of ASCO, will be presented today in a late-breaking oral presentation and have been simultaneously published in the New England Journal of Medicine. In the trial, vepdegestrant demonstrated a statistically significant and clinically meaningful improvement in progression-free survival, PFS, among patients with an estrogen receptor 1, ESR1, mutation, reducing the risk of disease progression or death by 43% compared to fulvestrant. The median PFS, as assessed by blinded independent central review, BICR, was 5.0 months with vepdegestrant versus 2.1 months with fulvestrant. Investigator-assessed PFS was consistent with the BICR-assessed PFS. In patients with ESR1 mutations, vepdegestrant demonstrated a consistent PFS benefit over fulvestrant across all pre-specified subgroups. The trial did not reach statistical significance in improvement in PFS in the intent-to-treat population, with a median PFS of 3.7 months for vepdegestrant versus 3.6 for fulvestrant.
Miami Herald
02-05-2025
- Entertainment
- Miami Herald
Nick Cannon gets award from HBCU student he helped pay off loans
Nick Cannon recently had a powerful full-circle moment at Howard University, where he was honored for giving back to the HBCU community in a major way. The media mogul, actor, and proud Howard alum received the Humanitarian Award during the Bison Choice Awards-part of the school's "Made in the Mecca" Springfest celebration. The surprise came with an even deeper meaning: the award was presented by Christian Kornegay, better known as CDK On The Mic. Back in 2021, Nick Cannon used his daytime talk show platform to pay off CDK's remaining tuition balance at North Carolina A&T, helping the young HBCU student continue his journey without the burden of student debt. That gesture sparked national headlines and showed Cannon's commitment to supporting HBCUs and their students beyond lip service. Now, just a few years later, CDK is thriving in the entertainment industry and returned to his alma mater to recognize Cannon for his generosity and continued investment in the next generation. The exchange captured the true essence of HBCU culture-community, legacy, and reaching back to lift others up. Nick Cannon's ties to HBCUs run deep. He earned his degree from Howard University in 2020 and even served as a virtual commencement speaker. His actions have consistently reflected his belief in the value of HBCU education and the students who power these institutions. As student loan debt continues to burden many young Black scholars, moments like this highlight the lasting impact of support, especially when it comes from within the HBCU world. Nick Cannon's gift was bigger than money-it was about belief, empowerment, and legacy. And thanks to his generosity, one HBCU student has gone from getting something from the star to now honoring the man who helped make it possible. The post Nick Cannon gets award from HBCU student he helped pay off loans appeared first on HBCU Gameday. Copyright HBCU Gameday 2012-2025
Reuters
11-02-2025
- Automotive
- Reuters
Auto tech giant CDK accuses rival Tekion of hacking 'campaign' in lawsuit
Feb 11 (Reuters) - Automotive retail software giant CDK Global has sued rival Tekion in U.S. court, accusing it of an illegal cyber hacking campaign to scrape confidential data from dealerships' computer systems in a bid to drive new business. CDK said in its complaint, opens new tab in the San Francisco federal court on Monday that Tekion was attempting to gain market share 'through unlawful practices that damage competition and harm customers.' The lawsuit accused Pleasanton, California-based Tekion and one of its business partners of running a 'sophisticated' scheme to breach CDK data systems that dealers use to run daily sales and service operations. CDK said Tekion was interfering with its business relationships with dealers and violating California's unfair competition law. 'This court must intervene to restore a fair and legal playing field among CDK and its competitor Tekion,' CDK's lawyers at Susman Godfrey said in the lawsuit. Tekion and CDK did not immediately respond to requests for comment. The lawsuit again locks the two companies in a court battle, after Tekion in December accused CDK in an antitrust lawsuit of monopolizing the market for dealership management systems. CDK has denied the claims and asked a judge to dismiss the lawsuit. Austin, Texas-based CDK, which has been in business for more than 40 years, said its dealer management systems serve nearly 15,000 car and truck dealers in North America, according to its lawsuit. Millions of transactions are processed daily, CDK said, in a data ecosystem that supports billions of dollars of commerce annually. Tekion, according to CDK's lawsuit, has instructed dealers on how to create a virtual 'tunnel' from their data management systems to Tekion. The lawsuit said Tekion was "converting new dealer–customers by enticing them to breach their contracts" with CDK. CDK said it was seeking unspecified monetary damages and a court order to bar alleged further intrusions into the company's data systems. The case is CDK Global LLC v Tekion Corp, U.S. District Court, Northern District of California, No. 3:25-cv-01394. For CDK: Vineet Bhatia and Shawn Raymond of Susman Godfrey For Tekion: No appearance yet Read more: Auto tech firm CDK reaches $630 million settlement in US dealer data case Automotive tech company CDK sued by rival Tekion over dealer systems Auto tech company CDK settles dealers' antitrust lawsuit for $100 mln here.
Yahoo
28-01-2025
- Automotive
- Yahoo
Auto tech firm CDK reaches $630 million settlement in US dealer data case
By Mike Scarcella (Reuters) - Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access. The proposed settlement, filed on Monday night in a federal court in Madison, Wisconsin, requires a judge's approval. The company denied any wrongdoing in agreeing to settle. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Austin, Texas-based CDK, owned by Brookfield Business Partners, sells software platforms auto dealers use to run their daily sales, financing and service operations. Tech vendor AutoLoop and other companies included in the settlement create apps for the dealers' management systems for inventory management, repair orders, warranty services and other functions. AutoLoop sued CDK in 2018, accusing it of cutting off access to auto dealer systems and driving up prices vendors pay to access data for their apps. A judge certified the case as a class action in July. CDK and lawyers for the company did not immediately respond to requests for comment. The vendors had indicated they would seek damages of $490 million at a trial previously scheduled for this week. A jury award could have been tripled under antitrust law. The vendors who brought the class action include 243 companies that purchased data integration services since October 2013 from CDK or one of its rivals, Reynolds & Reynolds, which is not a defendant. Lawyers for AutoLoop and other members of the class action at Kellogg, Hansen, Todd, Figel & Frederick called the settlement "extraordinary" in a statement and said it stemmed from "years of hard-fought litigation." They said they would ask the court for about $200 million in legal fees. CDK agreed to pay $100 million in August to settle a class action by U.S. auto dealerships claiming they overpaid for the company's dealer management systems.
