On Wednesday, Shares of Ceres, Inc. (NASDAQ:CERE), skyrocketed 116.25% to $2.06.
Ceres has been awarded a U.S. patent for its iCODE multi-gene trait development system. The company indicated that the patent award is a key milestone in its plan to further develop and license this technology to other crop companies and organizations.
iCODE was developed to rapidly create, evaluate and select optimal combinations of genes and their control components for next-generation biotechnology traits in crops such as corn and soybean. The system is significantly more powerful than current practices. iCODE, which is an acronym for Intelligent Combinatorial Optimization and Directed Evolution, utilizes a plant cell’s own gene-shuffling system to create thousands of test plants with various novel combinations of pre-selected genes and promoters, which are the on-off switches for genes. Due to the efficiency of the system, Ceres says that iCODE can enable new kinds of discoveries and allow even smaller research programs to better compete against much larger competitors.
Ceres, Inc., an agricultural biotechnology company, develops and sells energy crops to produce renewable bioenergy feedstocks in North America. The company’s energy crops comprise sweet sorghum; high biomass sorghum for the generation of renewable electric power and the creation of cellulosic biofuels; switchgrass, a perennial grass; miscanthus, a tall perennial grass for use as an energy crop.
Shares of AK Steel Holding Corporation (NYSE:AKS), declined -2.83% to $3.09, during its last trading session.
AK Steel Holding Corporation declared that it has joined other major domestic steel producers in filing anti-dumping and counter-vailing duty petitions related to hot-rolled steel.
“AK Steel and other domestic steel manufacturers have been significantly influenced by the onslaught of what we believe are unfairly traded imports of hot-rolled steel,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “Imports have been flooding our shores, substantially reducing selling prices, shipment volumes, and earnings.”
AK Steel joined ArcelorMittal USA LLC, Nucor Corporation, SSAB Enterprises, LLC, Steel Dynamics, Inc. and United States Steel Corporation in filing the petitions. The petitions were filed conpresently recently with the United States Department of Commerce and the United States International Trade Commission.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, Gold Fields Ltd. (NYSE:GFI), ended its last trade with 9.35% gain, and closed at $3.04, as Gold futures ended sharply higher Wednesday, registering a fifth straight gain in the precious yellow metal as turmoil in China roiled markets for a second day, according to Market Watch.
Gold benefited from weakness in the dollar, measured by the ICE U.S. Dollar Index DXY, +0.28% a measure of the dollar’s strength against a basket of six rival currencies, which sunk 1% Wednesday and is off 1.3% for the week. A weaker dollar is a boon for dollar-denominated gold, making it more attractive to buyers in other currencies. Market Watch Reports.
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru.
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