Loop Industries plummets 39% after a short-seller report claims its plastic-recycling technology doesn’t work



a man looking at the camera: Getty Images / Xinhua News Agency


© Getty Images / Xinhua News Agency
Getty Images / Xinhua News Agency

  • The same short-seller that targeted Nikola in September has set his sights on a new name: Loop Industries.
  • In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics didn’t work, describing it as “smoke and mirrors.”
  • Shares of Loop Industries fell as much as 39% on Tuesday.
  • Visit Business Insider’s homepage for more stories.

The same short-seller that targeted Nikola in September is now alleging that another company “is smoke and mirrors” and is inflating its technological capabilities.

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In a report released on Tuesday, Hindenburg Research alleged that Loop Industries was peddling plastic-recycling technology that didn’t work.

Investors have taken note of what Hindenburg has to say since its September report on Nikola led to a drawdown of nearly 50% in that stock.

Loop Industries says it uses proprietary

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Calviri, Inc. Receives Exclusive Patent License to Immunosignature Technology, Strengthening Its Disease Diagnostic Capabilities

Calviri, Inc., a biotech startup focused on ending deaths from cancer, announces that Skysong Innovations, the intellectual property management company for Arizona State University (“ASU”), granted Calviri an exclusive license to ASU’s Immunosignature patent portfolio. The portfolio consists of multiple granted and pending patents for the use and optimization of immunosignatures as an antibody-based diagnostic platform in the United States and the rest of the world.

The Immunosignature Technology was invented and originally developed by Stephen Albert Johnston, now CEO of Calviri, and his colleagues at ASU. The platform uses hundreds of thousands of chemically diverse peptides to provide an unbiased profile of an individual’s antibody repertoire. It has been applied to both infectious and chronic diseases in published reports. Initially intended as simply a diagnostic tool to detect disease onset, additional work has shown its potential for measuring disease severity and response to therapies.

“Adding the Immunosignature Platform to

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Want To Know How Your Chicken Filet Was Raised? This Technology May Tell You

“I do have a question about the chicken—can you just tell us a little more about it?” Carrie Brownstein’s character asks of her waitress to learn about her dinner meat in IFC’s hit comedy Portlandia. She and her husband, played by Fred Armisen, continue questioning the waitress about the chicken until she provides the couple with a folder filled with information about the rooster. The diners learn the chicken was named Colin and that he grew up nearby on four acres of land, eating a diet of sheep’s milk, soy and hazelnuts. 

Though this may seem slapstick, consumers’ desire to know where their food’s origins, and to support sustainable and ethical farming, is real. In a 2016 Label Insight survey, 94% of 1,500 consumers said that their purchase decisions are impacted by the manufacturers’ transparency in how the food is made. Further, 71% of these consumers said they consider

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Bulgaria to consider U.S. technology for new Kozloduy nuclear reactor

FILE PHOTO: A company logo of Kozloduy Nuclear Power Plant is seen at the plant entrance, some 200 km (124 miles) north of Sofia, March 17, 2010. REUTERS/Oleg Popov

SOFIA (Reuters) – Bulgaria will consider using U.S. technology for a new nuclear reactor it wants to build at the country’s 2,000 megawatt Kozloduy nuclear power plant, Prime Minister Boyko Borissov said on Tuesday.

Borissov said the Balkan country was looking to diversify its nuclear energy assets and cut greenhouse emissions by building a new reactor based on modern technology that will work with U.S. nuclear energy fuel.

The government is expected to give its nod on Wednesday to a study that will explore the options for building new nuclear assets at the Kozloduy site, the energy ministry said.

At present, Bulgaria operates two Soviet-made nuclear reactors, Unit 5 and Unit 6, at its Kozloduy plant and is seeking investors for

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Comcast Offers Thousands of Grants, Equipment, Marketing and Technology Resources to Small Businesses Hardest Hit by COVID-19

Comcast RISE Initiative Provides Small Businesses with Free Marketing Insights and Opportunities to Apply for Media, Technology Upgrades and Grants Up To $10,000

Black-Owned Small Businesses, Those Impacted Most by the Pandemic, are the First Eligible Applicants for Comcast RISE Resources and Grants.

Comcast Corporation (NASDAQ: CMCSA) today launched Comcast RISE, an initiative created to help strengthen and empower small businesses hard hit by COVID-19. The Comcast RISE program will help thousands of small businesses over the next three years. The multi-faceted program offers grants, marketing and technology upgrades, including media campaigns and connectivity, computer and voice equipment, as well as free marketing insights to all applicants.

U.S. small businesses have been particularly hard hit by the pandemic. A recent study from the National Bureau of Economic Research found that the number of U.S. active business owners dropped from 15 million to 11.7 million from February to April. The study

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Loop Industries plummets 36% after a short-seller report claims its plastic-recycling technology doesn’t work

  • The same short-seller that successfully targeted Nikola Corp. in September has set his sights on a new name: Loop Industries.
  • In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics doesn’t work. 
  • “Our research indicates that Loop is smoke and mirrors with no viable technology,” Hindenburg said. 
  • Shares of Loop Industries fell as much as 36% in Tuesday trades.
  • Visit Business Insider’s homepage for more stories.

The same short-seller that successfully targeted Nikola Corp. in September is now alleging that another company “is smoke and mirrors” and is inflating its technological capabilities.

In a report released on Tuesday, Hindenburg Research alleged that Canada-based Loop Industries is peddling a plastic-recycling technology that simply doesn’t work.

Investors are taking note of what Hindenburg has to say after its September short report on Nikola Corp. led to a drawdown of nearly

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Council Post: Cloud Kitchens: A Technology-Driven Phenomenon

CTO and Founder at pulsd — a company in the business of democratizing fun in New York City.

Like seemingly everything else, technology has been taking over the food industry. Around 60% of new restaurants fail within the first year, and almost 80% shut down before their fifth anniversary. So if technology can give the industry an uplift, I’ll call it a win.

What are the cloud kitchens (a.k.a. ghost kitchens, shared kitchens, dark kitchens or virtual kitchens)?

They have been in the news a lot lately. So chances are that you have at least heard of them. On the surface, cloud kitchens are delivery-only restaurants. However, if you dig deep, you’ll find out that they are a little more than that.

Historically, we have used the word “cloud” to mean either that the processing happens at some data center or the files are saved at a data center.

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Is Ultra-Wideband the next big wireless technology, or just more hype?

When you think of wireless technologies, the ones that come to mind first have taken years to become household names — Wi-Fi, Bluetooth, NFC, and 4G — while others have faded into the ether of technical jargon. It’s fair to be skeptical when a new technology arrives alongside claims that it’s going to be huge, so when Samsung proclaimed this morning that a long-nascent technology called Ultra-Wideband (UWB) is “the next big thing in wireless tech,” I might normally shrug it off as typical industry hype.

But despite prior commercialization challenges, there’s reason to believe that Ultra-Wideband technology will indeed be a big deal. Using radio waves, the wireless technology promises to enable any object with a UWB chip to be located within 4-12 inches (10 to 30 centimeters) of its actual location, compared with prior technologies measured in feet or yards. Moreover, UWB can be used to facilitate short-range

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How Digital Technology Could Lead The ‘New Business Normal’ In Latin America

Managing Director & Founder of the Biz Latin Hub Group.

The most significant technological advancements that currently shape our society and economy have emerged from challenging times. The internet, for example — without which our daily life as we know it would be possible — emerged in light of the Cold War, after the United States Advanced Research Projects Agency (ARPA) and MIT scientists invented a method to prevent communications from being affected in the event of an attack.

According to the UN, a report from the Economic Commission for Latin America and the Caribbean found that the Covid-19 pandemic is expected to result in the loss of 8.5 million jobs in Latin America and the Caribbean. It has produced new realities through which life and business have managed to get ahead. Digital technology has proven to be the great ally of humanity, facilitating the adaptation of economies

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Real Time Remote Buoy/AtoN, Lantern and Environment Monitoring Kits for Ports and Waterways From SRT Marine Technology

SRT Marine Technology is pleased to announce the availability of a range of new kits that make it easy and cost effective for any port or waterway authority to significantly improve safety through effective and reliable monitoring of buoys, lanterns and the environment with real time information displayed on your existing VTS system.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005090/en/

New innovative AtoN monitoring kits from SRT enable port and waterway authorities to significantly enhance safety and reduce risk (Graphic: Business Wire)

These innovative new AtoN monitoring kits enable port and waterway authorities to significantly enhance safety and reduce risk by alerting relevant authorities and vessels to off-position buoys, faulty lanterns, and poor weather. By using AIS, the information is automatically displayed on existing port VTS and vessel ECDIS.

DAS Carbon-1 – Buoy, Lantern and Weather Monitoring AIS AtoN Kit – this kit enables you to

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