12:22 PM EDT, 05/14/2024 (MT Newswires) -- Ascent Solar Technologies ( ASTI ) said Tuesday it has secured a firm order for its photovoltaics modules for evaluation from a major satellite manufacturer. These modules will be tested for integration into the satellite manufacturer's latest hardware, intended for low Earth orbit. Ascent plans to collaborate with the customer on Plug and...

China Automotive Systems, Inc. ( CAAS ) reported first-quarter earnings per share of 27 cents, up from 23 cents year over year. Net sales were $139.4 million, down 2% year over year. Net sales of traditional steering products and parts were $92 million, down from $94.4 million year over year, while those from electric power steering products and parts were $47.4 million, almost flat. Gross profit increased by 11.6% to $24.1 million. Gross margin...

12:23 PM EDT, 05/14/2024 (MT Newswires) -- (Updates with Takeda comment in penultimate paragraph.) Scilex Holding ( SCLX ) said Tuesday the US District Court for the District of Delaware approved the settlement between the company, its subsidiary Scilex Pharmaceuticals, and Takeda Pharmaceuticals, resolving a patent infringement lawsuit related to potential gout treatment Gloperba. The company said the US Federal...

12:22 PM EDT, 05/14/2024 (MT Newswires) -- Meta Platforms ( META ) plans to shut down its Workplace business communication platform in 2026, TechCrunch reported Tuesday, citing an internal memo and unnamed sources familiar with the matter. Sources told TechCrunch that the company could announce the move later Tuesday. According to the report, the memo said the platform will continue...