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Pomerantz LLP Advises Shareholders of Class Action Filing Against Freeport-McMoran Inc. – FCX

Pomerantz LLP has filed a class action lawsuit against Freeport-McMoran Inc. for alleged securities fraud and unlawful business practices. The lawsuit follows incidents at Freeport's Grasberg Block Cave operation in Indonesia, where mining activities were suspended after a blockage trapped workers, leading to fatalities and missing persons. These events caused significant drops in Freeport's stock price. Shareholders have until January 12, 2026, to seek appointment as Lead Plaintiff. Pomerantz LLP is recognized for its expertise in securities class actions.

Acceswire·
US
FCX
+2.16%
Acceswire·
US
FCX
+2.16%

Vontobel Holding Ltd. Lowers Stock Position in MongoDB, Inc. $MDB

Vontobel Holding Ltd. reduced its stake in MongoDB, Inc. by 42.4% in the third quarter, as per its latest SEC filing. The firm now owns 4,232 shares valued at $1,314,000. Other investors like AQR Capital and Vanguard Group have increased their holdings. Analysts have given MongoDB a consensus 'Moderate Buy' rating, with a target price of $414.97. MongoDB's recent earnings exceeded expectations, with revenue up 18.7% year-over-year.

Market Beat·
US
MDB
+0.08%
Market Beat·
US
MDB
+0.08%

Key facts: Freeport-McMoRan reports fatalities; J.P. Morgan recommends buy

On September 24, 2025, Freeport-McMoRan reported two fatalities among trapped workers at Grasberg Block Cave, with five still missing. Stock fell by 16.95% to $37.67.1J.P. Morgan has recommended buying shares of Freeport-McMoRan Inc. (FCX) based on anticipated acute supply disruptions, fragile inventories outside the U.S., and renewed buying interest from China.2

TradingView·
US
FCX
+2.16%
TradingView·
US
FCX
+2.16%

Pomerantz LLP Advises Shareholders of Class Action Against Freeport-McMoran Inc. – FCX

Pomerantz LLP has filed a class action lawsuit against Freeport-McMoran Inc. for alleged securities fraud and unlawful business practices. The lawsuit follows Freeport's suspension of mining activities at Grasberg Block Cave in Indonesia, which led to a significant drop in stock price. Investors have until January 12, 2026, to join the class action. The incident involved fatalities and missing workers, further impacting Freeport's stock value.

Acceswire·
US
FCX
+2.16%
Acceswire·
US
FCX
+2.16%

The grid connection is too slow, "can't wait," data centers are scrambling to purchase "jet engines" for power generation

Data centers can't wait for 7 years for grid access, so tech giants are turning to aircraft engines and diesel generators for "emergency" power supply. GE Vernova's orders surged by one-third, Cummins doubled its production capacity, and even Boom, which manufactures airplanes, is crossing over to sell power turbines—business that Sam Altman personally called to "request." However, the cost of on-site power generation is twice the average industrial power generation cost, with even higher carbon emissions

Wallstreetcn·
US
CMI
+0.29%
US
GEV
-0.58%
Wallstreetcn·
US
CMI
+0.29%
US
GEV
-0.58%
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