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The use cases of nonfungible tokens (NFTs) have evolved from pixelated Punks and Apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritages around the world. Through a combination of blockchain technology, 3D imaging, generative art and local collaboration, the […]

The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.4 million barrels for the week ended Sept. 30. On average, analysts forecasted a decline of 1.5 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 4.7 million barrels for gasoline […]

Shares of Lamb Weston Holdings Inc. LW, +4.79% jumped 2.0% in premarket trading Wednesday, after the potato supplier reported fiscal first-quarter profit that beat expectations, higher prices helped offset a volume decline. Net income for the quarter to Aug. 28 jumped to $231.9 million, or $1.60 a share, from $29.8 million, or 20 cents a […]

Shares of Eiger BioPharmaceuticals Inc. EIGR, -7.37% tumbled 20.4% in premarket trading on Wednesday after the company said it will not pursue emergency authorization of its experimental treatment for mild and moderate COVID-19 infections. It had asked the Food and Drug Administration to consider an EUA application based on data from the Together trial, a […]

Verizon Communications Inc. VZ, -1.38% said Wednesday it has won a contract worth up to $1.58 billion from the Department of State to modernize U.S. embassies. The 10-year contract includes implementing and managing the network for the department’s non-domestic footprint and includes embassies in Asia, Africa, the Middle East and South America. Verizon shares were […]

Shares of Helen of Troy Ltd. HELE, -10.53% tumbled 14.9% in premarket trading Wednesday toward a 4 1/2-year low, after the consumer products company, with brands including OXO, Hydro Flask and Braun, reported fiscal second-quarter earnings that beat expectations but cut its full-year outlook, as rising inflation has prompted consumers to change their spending patterns. […]