Financial Wire

Myseum Rebrands to Deploy AI Tech on Social Media Platforms; Shares Soar Premarket

-- Myseum (MYSE), a social media and technology company, said late Wednesday it is now operating under the new name Myseum.AI Inc., effective April 15.

Shares of the company surged over 135% in recent premarket activity early Thursday.

As part of the rebrand, the company's core technology platform will integrate its proprietary artificial intelligence technology into messaging and social media platforms.

"The company is developing privacy-first agentic localized AI agents that assist in managing personal media such as photos, videos, and messages, while maintaining privacy," it said. "Essentially, the personalized AI assistant learns from the user's individual actions and never shares that information with traditional AI models."

Price: $3.41, Change: $+1.96, Percent Change: +135.42%

Related Articles

Asia

Dongguan Dingtong Precision Metal's Attributable Profit Jumps 52% in Q1

Dongguan Dingtong Precision Metal's (SHA:688668) attributable profit rose 52% to 80.3 million yuan in the first quarter from 52.9 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the communication connectors manufacturer increased 53% to 0.58 yuan from 0.38 yuan in the prior-year period.Operating income grew 21% year over year to 457.4 million yuan from 378.7 million yuan.

$SHA:688668
Asia

Frasers Logistics & Commercial Trust to Acquire Logistics Asset in Netherlands

Frasers Logistics & Commercial Trust (SGX:BUOU) agreed to acquire a freehold logistics property located at Haper, the Netherlands for 43 million euros from VDG Property Development 10, according to a Thursday filing with the Singapore Exchange.The property spans a gross lettable area of 25,603 square meters and is fully leased to DSV Air & Sea Nederland.Following the completion of the acquisition, the trust's portfolio will comprise 114 properties valued at around SG$7 billion.

$SGX:BUOU
Oil & Energy

Market Chatter: EU Drafts Measures to Tackle Looming Jet Fuel Shortage Amid Middle East Conflict

The European Union is preparing measures to deal with a looming shortage of jet fuel, amid the supply crunch resulting from the war in Iran, according to a Reuters report, citing officials familiar with the matter.This comes as European airlines warn of shortages within weeks, with the continent reliant on Middle Eastern flows to meet 75% of its jet fuel demand.According to a draft proposal seen by Reuters, the Commission plans an EU-wide mapping "to ensure that existing refining capacity is fully utilised and maintained."In the longer term, the bloc also plans measures aimed at jet fuel supplies, but noted that these were still in development.Airlines are already preparing for a potential supply crunch, with Lufthansa CTO, Grazia Vittadini, telling Reuters that the company's suppliers are "changing their forecasting windows, and they're no longer keen to give an outlook over a time window that goes beyond one month."Across Europe, the distribution of jet fuel is uneven, with Spain a net exporter with eight refineries, while the UK imports 60% of what it needs.The European Commission did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)