Agencia Comercial Spirits Ltd (AGCC) Plans $30M–$40M Land Buy For AI/Data Center Project

Capricor (CAPR) stock rose after-hours as the company reaffirmed confidence in its Deramiocel treatment ahead of a November 22 decision. The HOPE-3 trial met its primary endpoint, showing a 1.1-point improvement in upper limb function. Capricor reported a Q3 net loss of $42.7 million and $198.5 million in cash reserves. Retail sentiment on StockTwits was extremely bullish, with mixed opinions on approval odds. CAPR stock is down 69% year-to-date.

Capri Holdings, owner of Michael Kors and Jimmy Choo, is reportedly appointing Justin Boxford as its next CEO. The company previously sold Versace to Prada and has been in acquisition talks. Boxford's arrival could influence the future of Capri's brands, according to sources.

A 21-bank consortium led by Goldman Sachs and Citigroup invested $270 million in a stablecoin venture, Project Faro, targeting a 2027 launch. The dollar-pegged token aims to comply with U.S. and EU regulations and compete with USDT and USDC in the $290 billion stablecoin market, serving wholesale, institutional, and retail users.

Deere (DE) will close two Iowa plants and move some production to Brazil and other US facilities. The company aims to align manufacturing capacity with demand patterns, but investors should also consider other business and balance sheet pressures. The restructuring may affect production costs and segment margins, with details expected in future earnings calls.

Office Properties Income Trust (OPI) expects to generate around $360 million in 2027 from its plan to sell 58 properties. The company is advancing its sale plan, which is expected to yield significant proceeds.

Advanced Micro Devices (AMD) rose 1.30% to $515.21 on plans to invest $2.5 billion in Anthropic. Trading volume exceeded 46.7 million shares. AMD's gains contrasted with declines in Nvidia (NVDA) and Intel (INTC). AMD's Q3 revenue hit $13.4 billion, with Q4 guidance at $17 billion, driven by AI demand.