Cibus Names Agricultural Biotechnology Leader Craig Wichner as Chief Executive Officer to Accelerate Growth and Value Creation

Cibus (NASDAQ:CBUS) reported cash and cash equivalents of $20.4 million as of June 30. Management said cash burn declined 19% sequentially and 31% year over year, with existing cash expected to fund operations and capex into early Q1 2027. Guidance updates include shifting an initial Latin America rice launch to 2028 and targeting biofragrance revenue of $20 million to $40 million when commercialized.

Cibus, Inc. (CBUS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Cibus Reports Second Quarter Financial Results and Provides Business Update Commercialization execution advances in Rice and Sustainable Ingredients United States and European Union now aligned on generally treating crops with no added foreign DNA as conventionally bred Quarterly

Cibus, Inc. (Nasdaq: CBUS) said the EU has adopted rules treating crops improved without adding foreign DNA as conventionally bred, not as transgenic GMOs. The company said this validates its gene-editing approach developed over nearly 25 years and could help European farmers adopt traits such as disease resistance and reduced chemical use. Cibus expects some traits to qualify under the EU “Category 1” fast lane.

Morgan Stanley downgraded Cisco Systems (CSCO) to Equalweight from Overweight, lowering its price target to $120 from $135. The firm cited valuation concerns, as Cisco's stock has risen 43% over the past year, aligning with the S&P 500's multiple. Other analysts recently raised price targets, citing strong Q4 results and growth prospects.

Barclays reduced its price target on Arm Holdings (NASDAQ:ARM) to $325 from $360, citing margin pressures. Licensing revenue grew 50% YoY, beating estimates, while royalty revenue lagged. Analysts have mixed outlooks, with some citing overvaluation and others highlighting growth potential in data center and automotive sectors. The stock is down 16% over the past week, trading at $191.80.

Microsoft reportedly rejected a potential deal worth tens of billions with Nscale to expand computing power rental, according to the Financial Times. The deal would have more than doubled their existing agreement. Nscale, backed by Nvidia, filed for a US IPO in September and is in talks with Anthropic for another deal. Microsoft and Nscale did not comment. Reuters could not verify the report.