On Tuesday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), lost -1.81% to $73.83.
Aliyun, Alibaba Group’s (BABA) cloud computing arm, declared that it will establish a new cloud data center in Singapore. Its headquarters for overseas business will also be based out of Singapore to drive Aliyun’s overseas expansion plan. Planned for an early September launch, the Singapore facility will be the seventh globally.
The new cloud data center leverages on Alibaba Group’s recent US$1 billion investment for cloud computing, and will enable more businesses to benefit from secure and reliable Aliyun-powered cloud services while riding on record foreign direct investment flows in Southeast Asia.
With direct connections to Aliyun’s data center network via Beijing, Hangzhou, Qingdao, Hong Kong, Shenzhen, and Silicon Valley, the Singapore cloud data center will cater to the cloud computing needs of businesses investing in Southeast Asia with Chinese businesses being a key focus.
In the June quarter this year, Aliyun’s revenue growth from cloud computing and Internet infrastructure raised 106% year-on-year, driven by the accelerated growth of its cloud computing business contrast to 82% in the preceding quarter.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Palatin Technologies, Inc (NYSEMKT:PTN) declined -9.61% to $0.940, during its last trading session.
Palatin Technologies, Inc, is a biopharmaceutical company developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with noteworthy unmet medical needs and commercial potential. Palatin’s lead product under development is bremelanotide for the treatment of female sexual dysfunction (FSD).
The approval of flibanserin (under development by Sprout Pharmaceuticals) recently by the U.S. Food and Drug Administration (FDA) marks a long-awaited milestone in healthcare for women. The FDA’s approval of flibanserin validates that there is an important need for women living with hypoactive sexual desire disorder, or HSDD, to have an approved treatment option. Palatin applauds the FDA’s positive determination, which supports FDA’s previous statements that HSDD is an unmet medical need requiring a safe treatment option for women with HSDD.
Palatin Technologies, Inc., a biopharmaceutical company, develops peptide therapeutics for the treatment of diseases. The company’s clinical development product is Bremelanotide, a peptide melanocortin receptor agonist that has accomplished Phase 2B clinical trial for the treatment of female sexual dysfunction (FSD).
Finally, Southern Co (NYSE:SO), ended its last trade with -0.51% loss, and closed at $46.06.
In April 2015, nuclear fuel managers at Dominion Generation (NYSE:D), Duke Energy (DUK), Exelon Generation (EXC) and Southern Company (SO) asked the U.S. Nuclear Regulatory Commission (NRC) to prepare to review Lightbridge’s fuel design, in advance of an predictable application in 2017 to use the Company’s fuel in a U.S. reactor as early as 2020.
Lightbridge Corporation (LTBR), a leading innovator of next generation nuclear fuel designs and provider of nuclear energy consulting services to commercial and governmental organizations, declared that a conference call and webcast to talk about its 2015 second quarter business update and financial results is planned for 11 a.m. ET Friday, August 21, 2015.
Lightbridge Corporation Conference Call – 2015 Q2 Business Update and Financial Results
Date: Friday, August 21, 2015
Time: 11 a.m. ET
Conference Passcode: 8703926#
Lightbridge is a nuclear energy company based in McLean, Virginia. The Company develops proprietary next generation nuclear fuel technologies for current and future nuclear reactor systems. Lightbridge’s breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way to a sustainable energy future.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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