Dormify filed for Chapter 11 bankruptcy protection in November 2024 and is currently locked in a legal dispute with its creditors, including Google and Williams-Sonoma.
GM said that LMR battery cells use a higher proportion of the more affordable manganese and less of the more expensive nickel while delivering greater capacity and energy density.
A Microsoft spokesperson told CNBC that the software giant continues to implement “organizational changes necessary to best position the company for success in a dynamic marketplace.”
CEO Larry Coben said the transaction is financially compelling as it strengthens the company’s credit profile, boosts its growth rate, and supports continued robust capital returns.
The firm's report echoes the sentiment across the travel and hospitality sector, where demand is strained due to macroeconomic uncertainties and geopolitical unrest.
The company said that 66% of patients with scalp psoriasis and 77% with genital psoriasis treated with investigational oral Icotrokinra achieved site-specific clear or almost clear skin at week 16.
The firm increased its full-year adjusted EPS guidance to $2.16 to $2.30 from its previous guidance of $2.12 to $2.26, including the impact of share repurchases.
