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BorgWarner Invests In CelLink To Expand Electrification Efforts; Terms Not Disclosed

BorgWarner Inc (NYSE:BWA) has invested an undisclosed sum in CelLink Corporation, which develops large, high-conductance flexible circuits for the automotive and…

byShivani Kumaresan

August 16, 2021

1 minute read

BorgWarner Inc (NYSE:BWA) has invested an undisclosed sum in CelLink Corporation, which develops large, high-conductance flexible circuits for the automotive and energy storage industries.
BorgWarner became an investor of the San Carlos, California-based CelLink on June 11, 2021.
The Series C equity investment complements BorgWarner’s Charging Forward electrification strategy, with 45% of its total sales generated from EV technology in 2030.
BorgWarner held $1.5 billion in cash and equivalents as of June 30, 2021.
Price Action: BWA shares are trading lower by 0.37% at $45.44 on the last check Monday.

QuidelOrtho Announces $300M Share Buyback Program

By Benzinga Newsdesk

Today, 2:21 AM

QuidelOrtho Corporation (NASDAQ:QDEL) ("QuidelOrtho"), a global provider of innovative in vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine, announced

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Oppenheimer Upgrades Restaurant Brands Intl to Outperform, Announces $80 Price Target

By vishwanath@benzinga.com

Today, 2:21 AM

Oppenheimer analyst Brian Bittner upgrades Restaurant Brands Intl (NYSE:QSR) from Perform to Outperform and announces $80 price target.

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DeFi Protocol Platypus To Refund 63% of Funds Lost In Recent Exploitation

By Murtuza Merchant

Today, 2:21 AM

Days after Platypus suffered major exploitation resulting in a loss of $9.1 million from three separate attacks, the decentralized-finance (DeFi) protocol announced a minimum of 63% of the funds would be distributed to users, regardless of any further update on fund recovery.

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