GT Biopharma holders waive redemption rights on Series L preferred stock

The Bank of New York Mellon has successfully eliminated its Series G preferred stock following a recent redemption. This move is significant as it reflects the bank's ongoing efforts to streamline its capital structure and enhance shareholder value. By reducing its preferred stock obligations, the bank is positioning itself for greater financial flexibility and improved performance in the competitive banking sector.

Vuzix has successfully completed the final tranche of its Series B preferred stock sale to Quanta, marking a significant milestone for the company. This investment not only strengthens Vuzix's financial position but also enhances its ability to innovate and expand in the augmented reality market. The partnership with Quanta is expected to drive further growth and development, making this a noteworthy event for stakeholders and the tech industry.

Tether is making headlines with its ambitious goal of reaching a $500 billion valuation through a $20 billion private funding round. This move could position Tether as one of the most valuable privately owned companies in the world, highlighting the growing influence and potential of the cryptocurrency market. As digital currencies continue to gain traction, Tether's success could pave the way for further investments and innovations in the sector.

Australia's Consumer Price Index (CPI) saw a year-on-year increase of 3.0% in August, indicating a steady inflation trend. However, core inflation appears to be cooling, which could signal a shift in economic conditions. This is significant as it may influence monetary policy decisions and affect consumer spending, making it a key point for economists and policymakers.

Jimmy Kimmel is making his return to late-night television after a six-day suspension, bringing excitement back to his fans. This comeback is significant as it highlights the resilience of late-night hosts and their ability to engage audiences, especially during challenging times. Kimmel's humor and perspective are expected to resonate well, making his return a noteworthy event in the entertainment landscape.

New Zealand has appointed a new central bank governor, a significant move that could influence the country's monetary policy and economic stability. This change comes at a crucial time as the nation navigates various economic challenges, including inflation and global market fluctuations. Understanding the new governor's background and approach will be essential for businesses and investors alike, as their decisions will shape the financial landscape in New Zealand.

Canadian privacy officials have raised concerns about TikTok's child data protection measures, stating they are inadequate. While TikTok plans to implement new measures to enhance its platform, the company disputes some of the findings. This issue is significant as it highlights ongoing debates about data privacy and the protection of minors online, which are critical in today's digital landscape.

Tether, a leading cryptocurrency firm, is reportedly aiming for a staggering $500 billion valuation as it prepares for a significant fundraising round. This ambitious move highlights the growing confidence in the crypto market and Tether's pivotal role within it. If successful, this valuation could set a new benchmark for the industry, attracting more investors and further legitimizing cryptocurrencies in the financial landscape.