China is the world’s major producer of rare earth elements, practically all of which are used in modern technology, which include new energy sources and hybrid cars. It announced in July that it’s going to cut exports for minerals used to make hybrid cars and televisions by 72% during the 2nd half of the year.

Power3 Medical Products Inc (OTC.BB:PWRM) signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc. Power3 plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company in the merger. The acquisition of Rozetta-Cell is expected to be completed in November 2010.