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The United States stock market has a profound effect on global markets and economies. Hence, it is important for investors to keep an eye on those stocks when they are in the news. Here is a quick look into four United States-based stocks that came into focus this week.
Cardio Diagnostic Holdings Inc. (NASDAQ: CDIO) The company’s stock has been another notable mover this week so far, yesterday the stock closed up 13.1% on “exploding” 24x average 30-day volume. Cardio Diagnostic Holdings Inc. is an artificial intelligence pioneer focused on cardiovascular medicine tests.
On October 17, the company announced that it had entered into a supply and distribution agreement with Aimil Ltd., one of the premier organizations in India. It was noted that Aimil had been a major player in the Indian instrumentation industry since as far back as 1932 and boasts 14 sales and service locations across the country.
Pressure BioSciences Inc. (OTC:PBIO) is best known for the development and sales of broadly applicable pressure-based instruments. This week, the Pressure BioSciences Inc. stock has been in prime focus among investors, and it has clocked gains of as much as 106% so far. On October 18, the company announced that it had entered into a partnership with Bioscreen Instruments Pvt. Ltd.
As per the provisions of the partnership, there would be the launch of an exclusive consumables and instrument distribution agreement for the Indian market. The Indian pharmaceutical industry is the 13th largest globally by valuation, and hence, the entry of Pressure BioSciences into it led to significant optimism.
General Enterprise Ventures Inc. (OTC:GEVI) , “Mighty Fire Breaker” (MFB-31 CitrotechTM), was another notable gainer in Thursday’s trading session and surged 24.67%.
On October 3, it emerged that General Enterprise Ventures Inc.’s subsidiary, Mighty Fire Breaker, had been named the Safer Choice Product of the Year by the EPA (Environmental Protection Agency).
The award had been bestowed on MFB-31-CitroTech, its Fire Chemistry fire retardant product. The company noted that the award from the federal agency identified its product as one of the most environmentally safe options in its category. The worldwide fire retardant industry is expected to reach $9 billion by 2027.
Futuris Company (OTC:FTRS) On October 17, the company came into focus after it announced that it had completed the acquisition of the healthcare staffing business of Recruiter.com. Futuris Company noted that the acquisition had been completed on October 1.
The closure of the acquisition had come about after all the requisite client approvals had been obtained. Robert Day, the company’s Chief Executive Officer, noted that the latest acquisition would generate extra revenues for Futuris Company’s healthcare staffing business. The company had previously acquired HEALTHHR and INSIGMA in the healthcare staffing space.
SusGlobal Energy Corp. (OTC:SNRG) On Thursday, the company was in sharp focus among investors, and the stock ended up with gains of 18.53%. SusGlobal Energy Corp. hit the news on October 12 after the circular economy leader made an announcement about SusGlobal Energy Belleville Ltd., its fully owned subsidiary unit.
It announced that the subsidiary had been successful in generating around 12,500 more VERRs (Verified Emission Reductions and Removals). Additionally, SusGlobal Energy Belleville sold 9000 carbon credits as part of its Ontario-based Anew SusGlobal Belleville Composting Offset Project. It was further noted that the project had generated as many as 137,000 VEERs from 2017 to 2022.