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Thursday, April 3, 2025

Lifecore Biomedical Secures Multiple Development Deals Despite Q3 Revenue Dip



Lifecore Biomedical (NASDAQ: LFCR) reported Q3 fiscal 2025 financial results with revenues of $35.2 million, down 2% from $35.7 million in the prior year period. The company recorded a net loss of $14.8 million ($0.47 per share) compared to net income of $15.6 million in Q3 2024.

Key developments include:Multiple new development agreements signed with new and existing customers
Sale of unused filler equipment for $17 million, strengthening balance sheet
Adjusted EBITDA of $5.7 million, down from $6.4 million year-over-year
Gross profit decreased to $9.8 million from $11.9 million



The company maintained its fiscal 2025 guidance, expecting revenue of $126.5-130 million and Adjusted EBITDA of $19-21 million.

Volvo to boost Mexico plant investment to $1 billion, minister says

 Sweden's AB Volvo will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.

Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory, putting construction costs at the time at $700 million.

"Good news!" Ebrard wrote in a post on X announcing the higher investment amount, saying he had been informed of the decision from Volvo's headquarters in Sweden.

Production at the factory is slated to begin in 2026.

Volvo did not immediately reply to a request outside of business hours.

https://finance.yahoo.com/news/volvo-boost-mexico-plant-investment-011509774.html

Amgen Uplizna Wholesale Acquisition Cost Or U.S. List Price Is $140,248.50 Per Dose (3 Vials)

 The U.S. Food and Drug Administration has approved expanded use of Amgen's drug, Uplizna, to help reduce the risk of flares in patients with a rare immune system-related condition, the regulator said on Thursday.

The drug, also known as inebilizumab, has now become the first FDA-approved treatment for Immunoglobulin G4-related disease (IgG4-RD), a rare condition in which an overactive immune system can lead to inflammation and scarring in various organs, including the pancreas, liver and kidneys. It affects 20,000 people in the United States.

Uplizna, given by infusion, is designed to bind to a protein located on the surface of B cells, the underlying inflammatory cause of IgG4-RD and other autoimmune conditions.

"By removing or depleting these B cells throughout the body, both in the circulating blood and in the tissue, there's a chance for Uplizna to confer a real benefit," said Jay Bradner, Amgen's head of research and development.

The U.S. list price for Uplizna is $140,248.50 per dose, Amgen said. After two initial loading doses, patients receive Uplizna infusions every six months.

The approval was based on data from a late-stage study in which Uplizna helped reduce the risk of flares by 87% compared to a placebo.

"This would be a fairly compelling drug that is infrequent, fairly safe, and very effective," TD Cowen analyst Yaron Werber told Reuters ahead of the decision.

Werber estimates Uplizna to generate global peak sales of $1.3 billion by 2030 for IgG4-RD alone.

Uplizna, which was already approved for a rare, severe neuroinflammatory disease called neuromyelitis optica spectrum disorder, brought in sales of $379 million in 2024.  

Steroids -- usually used to manage IgG4-RD -- have many negative effects on patients, including mood changes, weight gain and osteoporosis, said Dr. Matthew Baker, associate division chief of immunology and rheumatology at Stanford University.

"The goal with a treatment like this is to definitely minimize steroid exposure, and I think it certainly will do that," Dr. Baker said.

https://www.marketscreener.com/quote/stock/AMGEN-INC-4847/news/US-FDA-approves-Amgen-s-Uplizna-as-first-treatment-for-rare-immune-disorder-49526058/

Around the world, the smart way and the dumb way to respond to Trump's tariffs

 


President Trump unveiled his tariff regimen Wednesday, and around the world there was a sense of shock, as if the post-Cold War world order had been upended, and no one had seen this coming.

According to Reuters:

WASHINGTON/BEIJING/BRUSSELS, April 3 (Reuters) - President Donald Trump's move to impose sweeping tariffs on U.S. imports on allies and rivals alike sparked threats of retaliation on Thursday, intensifying a global trade war that threatens to stoke inflation and raising fears of recession.
 
The penalties announced on Wednesday unleashed turbulence across world markets and drew condemnation from other leaders facing the end of an era of trade liberalization that has shaped the global order for decades.
Stocks fell, and the markets were in panic. The S&P 500 was down 4%. Wall Street denizens predicted catastrophe, or at least a bumpy ride:

But the Trump administration explained the matter out very usefully in these tweets here:

So in reality, these tariffs were not a capricious or unforeseeable moves, they were actually pretty formulaic and predictable. No one was singled out, so nothing personal, only the policy was targeted: Charge high tariffs on U.S. goods, and get high tariffs back. Run a big trade surplus with America, get tariffs to balance it. Even-steven.
 
Everyone with a brain can understand that.
 
Yet some trading partners, the ones with chips on their shoulders who like things the way they are, are going bonkers, vowing higher retaliatory tariffs than they already are charging on American goods. China and Europe, with their big markets, actually are planning to do this.
 
Reuters continued:
Now facing 54% tariffs on exports to the U.S., the world's No. 2 economy China vowed countermeasures, as did the European Union - Washington's friends and foes united in criticism of measures they fear will deal a devastating blow to global trade.
 
"The consequences will be dire for millions of people around the globe," EU chief Ursula von der Leyen said, adding the 27-member bloc was preparing to hit back if talks with Washington failed.
 
U.S. Treasury Chief Scott Bessent earlier warned any retaliatory moves would only lead to escalation.
 
Smarter nations, though, are not doing that fool's errand.

They see the tariff formula as a road map, and are responding in their own nations' best interests.

To be sure, there are some bugs to be ironed out -- hopefully, Israel and Trump cut a deal on tariffs which may be premised on trade balances:

South Korea may be in this category, too:

So the solution is pretty obvious: Drop all of their tariffs on American goods, and line up quickly to cut a deal with the U.S.

Problem goes away. So what is anyone waiting for?
 
Hedge fund biggie Bill Ackman, who knows how to keep a cool head under market pressure, summed it up very well:

In a curious way, Trump is forcing the rest of the world to adopt real free trade, or else die with the tariffs.

That could really free markets as trading partners nations, one after another, take the smarter option. The whole world could bcome a free trade zone, and may the best nation win.

This guy, very smart, (I have had one-on-one conversations with him when he came to visit our editorial page writers at Investor's Business Daily), knows the score:

Fingers crossed that they catch on very soon, and all the problems associated with tariff taxes makes a quick exit.

The ball's in their courts now. It's in their hands to make this go away by dropping all of their tariffs on American goods as Trump requests. It can't be worth it to keep them, and Trump knows this. Free trade for the world then! Let it happen.

https://www.americanthinker.com/blog/2025/04/the_smart_way_and_the_dumb_way_to_respond_to_trump_s_tariffs.html

War Is Hell

 


War is an “unpleasant business.”  That two-word euphemism reflects the divergent experiences of two separate groups: those who profit from violence and those who experience violence firsthand.  For anyone in the latter group, war is hell.  That’s how Civil War general William Tecumseh Sherman described it, and he was an expert in the subject.  He set everything ablaze on his marches through the South.  Scorched-earth conquests are meant to break the spirit of opposing soldiers and civilians alike, and Sherman broke everything in his sight.  

Sherman’s effectiveness in demoralizing Southerners influenced military minds around the world and shifted military war planning toward tactics that would define the “total wars” to come.  Psychological warfare, industrial sabotage, the destruction of civilian infrastructure, and even the targeting of noncombatants became standard practices of war in the twentieth century.  The First Great War introduced the terrors of trench warfare, mustard gas, mechanized weaponry, and widespread use of explosives that left many survivors permanently “shell-shocked.”  Civilians faced their own horrors as the slaughter of livestock and ruination of farmland spawned famine and disease.

When hostilities officially ended on the eleventh hour of the eleventh day of the eleventh month, nations around the world marked the cessation of atrocities with annual observances on November 11, known as Armistice Day or Remembrance Day.  For years, people not only took time to remember those who had died during the Great War, but also took time to remember the terrifying carnage.  Because the violence and death of WWI were so horrendous, survivors wanted to make sure future generations would never walk down the same terrible path.  

The unthinkable could be avoided only if people thought about the horrors of war; the indescribable could be prevented only by describing the evils of war in detail.  In the United States, successive presidents issued annual proclamations reminding Americans of everything that had been lost during the Great War, and in May of 1938, Congress made November 11 an official holiday.  In the statutory text, lawmakers designated Armistice Day as “a day to be dedicated to the cause of world peace.”  World War II was in full swing sixteen months later.

After a second global conflict that mass-produced death on a scale never before seen — including through the firebombing of entire cities and the annihilative power of nuclear weapons — a kind of nihilism ate away at the souls of survivors.  In the United States, Armistice Day was eventually replaced with Veterans’ Day — a wonderful occasion to remember the sacrifices of all service members, but an inversion of Armistice Day’s original intent nonetheless.  Rather than reminding survivors of the horrors of war and dedicating Americans’ efforts toward “the cause of world peace,” Veterans’ Day proffers a patriotic message that subtly encourages the uninitiated to march off to war, too.

Eighty years after WWII and over a century since the conclusion of a conflict so savage and awful that witnesses simply called it the “Great War” out of an expectation that there could never possibly be another so vile, we sit on the precipice of a third world war that will eclipse the twentieth century’s mass slaughter.  Some military historians believe that war has already begun.  They have plenty of evidence: the Hamas terror attacks on Israeli civilians, Israel’s defensive response in Gaza and the broader region, Iran’s nuclear brinkmanship and proxy wars throughout the Middle East, the fall of Bashar Assad’s Syria and the ongoing Christian genocide, the Russia-Ukraine War, civil wars raging in parts of Africa and Asia, rebellions brewing in parts of Europe, North Korea’s saber-rattling, China’s advanced preparations for seizing Taiwan, and the hybrid warfare now common between the Chinese Communist Party and the United States.

Some forty countries are today in a state of armed conflict.  Many other countries, such as China and the United States, are directly funding or arming sides in those conflicts.  With fewer than two hundred sovereign nations in the world, that means somewhere between twenty and twenty-five percent of the planet is already fighting.  We are one Franz Ferdinand assassination away — one flick of the infernal lighter — from global conflagration and a level of bloodshed never witnessed by anyone alive today.  One military miscalculation, one technical snafu, one errant drone, one stupid provocation, or one unmeasured response could send the world spiraling toward chaos. 

We have not sufficiently remembered the last two global wars, and because we have forgotten that war is hell, we are galloping toward the Devil’s gates too fast to heed Dante’s eternal warning atop Inferno’s entrance: “Abandon every hope, who enter here.”

What makes this moment in history particularly dangerous is that so many weak and unserious global “leaders” seem to believe that foreign wars will save them from domestic problems.  For nearly a century, Canada and Western Europe have depended upon the United States to provide for their actual defense.  During that time, they have declared “war” on all the wrong things: “global warming,” “hate speech,” secure borders, patriotism, dissent, Western civilization.  They’ve gotten really good at fighting ideas.  They punish citizens who reject man-made “climate change” for the “crime” of “denying Science.”  They jail citizens who object to mass immigration for engaging in “illegal speech.”  They censor political dissent.  The United Kingdom is excellent at imprisoning Christians who silently pray.  Western governments love waging “war” on their own peoples, and persecuting unarmed civilians has apparently convinced some of these tyrants that they would excel at the real thing.  Or at least they believe that it makes sense to send unhappy citizens off to foreign battlefields before those citizens decide to overthrow oppressive governments at home.

The U.K.’s Keir Starmer and France’s Emmanuel Macron talk of war with Russia like prep school boys who got beat up at recess and now want to prove their toughness to the world.  Germany is openly calling for the return of mass conscription.  Glossy magazine covers picturing young Germans wearing combat uniforms implore teenagers to fight for “New Germany.”  What is “New Germany”?  It’s a “woke” world of “political correctness,” censorship, and Christian persecution, where socially conscious soldiers are expected to take up arms “to defend diversity.”  Forget fighting for freedom, free speech, patriotism, or any other antiquated “obsession” of the “fringe far-right.”  “Climate change” warriors who despise their own countrymen for being “systemically racist” are now the very model of a modern major-general!

Unserious people start wars, and unserious leaders end nations.  Europe is filled with an unhealthy supply of both.

While European politicians inch closer to waging war directly with Russia over Ukraine’s thirty-year-old borders, perhaps it’s worth remembering who Ukraine’s leaders are.  A former adviser to holdover-president Volodymyr Zelensky says Ukraine has a secret last-ditch doomsday plan that involves blowing up all of their nuclear power plants in an act of self-destruction that would make the Chernobyl disaster look minuscule by comparison.  Calling Zelensky and his senior staff “a group of deranged people,” the whistleblower explains the suicidal rationale as “we all bite the dust, but so will they.”  European governments wish to conscript boys and girls and send them off to war to defend Ukrainian madmen who would scorch their own country — and irradiate much of the continent.

If nobody lives, no problem!  In an effort to mitigate Ukraine’s demographic death spiral after sacrificing the country’s healthy, young men, business leaders want to relocate more than eight million migrants from Africa and Asia to provide cheap labor for all the post-war rebuilding.  That’s nearly twenty percent of Ukraine’s population.  As Raheem Kassam warned last year, Ukraine will soon be Europe’s “first African nation.”  Now, that’s a model Germany, France, and the U.K. would love to follow!

Western globalists seem to enjoy the “unpleasant business” of war.  They won’t find hell so satisfying.

https://www.americanthinker.com/articles/2025/04/war_is_hell.html

What’s the Real Target of the Assault on Tesla?

 


The war on Elon Musk and Tesla is driven by far more than politics. One thing is for sure: Tesla owners never saw this one coming. After all, Tesla fans are generally predisposed to embrace climate change and much of the Green New Deal -- positions with large support among people on the Left side of the political spectrum. For many, owning a Tesla is a statement of virtue signaling that you are doing your part to save the world and save the environment. Owners of Teslas are more likely to vote Democrat than Republican. So why would Tesla dealerships and Tesla car owners be targeted for destruction? And who are these radical property destroyers?

If the American people have learned anything in the last ten or fifteen years -- particularly highlighted by the $2 billion destruction of national urban properties that came about after the police detention death of George Floyd in May of 2020 -- it is that destructive riots are not organically spontaneous.

The trigger events for riots are understood and sometimes planned well in advance. Once the trigger event happens, the riot plan gets executed and implemented. Militant activist rioters -- many being members of BLM and Antifa -- can be mobilized and bussed to target areas, paid as much as $300 a day from various NGOs, to engage in protest, obstructionism, and property destruction. Other evidence that the 2020 riots were planned and managed could be clearly observed in the strategic delivery of pallets of bricks in many of the targeted cities for the purpose of facilitating the breaking of windows and looting.

With the deterioration of law and order in urban America, which has also been planned, and with very few rioters arrested and sentenced to jail time in 2020 and the years that followed, it is little wonder that this is happening again. Ostensibly, the domestic terror attacks on dozens of  Tesla dealerships nationwide and random vandalism and destruction attempts of Tesla vehicles are being done to protest and stop Elon Musk and his DOGE audits of federal government agencies and NGOs. Trump’s DOGE initiative is the most important initiative ever undertaken by a Republican administration because it is directed at dismantling the administrative state by unmasking waste, fraud, and abuse and defunding the deep state internal enemies of America.

One thing should be clear to everyone now:  The deep state is not going down without a fight. But the real agenda and targets go beyond Tesla and Elon Musk. Donald Trump is the ultimate target, since he is the first American leader to exhibit the courage and persistence to take on domestic enemies attempting to subvert the Constitution, with a mind to totally defeat them.

Trump has now connected the dots to show that America has actually been going through its own “color revolution” with three stages: 1) Demoralizing and disorienting the American people by driving God out of the culture and disconnecting the people from the virtues of their heritage;  2) Dividing the American People along racial, economic, gender, and ethnic lines; and then 3) Creating a crisis (like a civil war) from which the country cannot recover.  

America has already passed through the first two stages of this color revolution and is now in the crisis stage. If we have learned anything about the enemies of America, we know they are unscrupulous, unprincipled, and unrestricted by any traditional norms. But because they tend to run with a limited repertoire of operations that have worked in the past, it’s possible to figure out what the enemies of the United States are likely to attempt.

There will only be a dent in the numbers of illegal immigrants deported from the  United States by the summer -- only a few months away. It’s likely that the domestic terror attacks on Tesla dealerships and privately owned Tesla vehicles will be followed this summer with greater destructive violence. A likely planned target, which would serve as an ideal false flag, is a large gathering of illegal aliens.  An armed confrontation with Trump supporters could easily cause mass deaths, or simply be orchestrated in such a way as J6 was, to make Trump’s MAGA supporters look like guilty perpetrators of crime -- the alleged killing of innocent immigrants.

It is impossible to forecast the future, but because Trump’s enemies are likely to get more desperate rather than back down, American patriots need to prayerfully connect the dots and thread the needles of entrapment scenarios. As we approach America’s 250th birthday on July 4, 2026, we must remember that vigilance is the price of liberty, and it requires us to keep our eye on the prize of a restored and victorious constitutional republic, and the defeat of a corrupt administrative state.   

Scott S. Powell is senior fellow at Discovery Institute and a member of the Committee on the Present Danger-China. His timeless book, Rediscovering America, has been #1 Amazon New Release in the history genre for eight weeks.

https://www.americanthinker.com/articles/2025/04/what_s_the_real_target_of_the_assault_on_tesla.html

Ford Responds to Trump Tariffs by Offering Employee Pricing to All

 The sweeping tariffs signed into existence by President Donald Trump over the last week have sent shockwaves through the auto industry. Several automakers have suggested they may need to or will raise prices to counter the effects of the levies. The Ford Motor Company, however, is responding in a very different way: by offering their employee pricing program to everyone.

According to reports by The Detroit Free Press and Reuters, Ford will offer its so-called A-Plan pricing on most Ford and Lincoln vehicles to all buyers, not just those who work for the company, through June 2. A separate program that offers a free home charger and complimentary installation to those people who purchase or lease an all-electric vehicle has also been extended through June 30.

A new ad campaign called “From America, For America” has been launched to announce this new program. But the campaign does more than just communicate the discount program; it lets people know Ford employs more hourly workers and assembles more vehicles in America than any other automaker, according to the Free Press.

https://www.roadandtrack.com/news/a64376162/ford-tariff-response-employee-pricing-for-all/