A discussion around the prospect of US Treasury investing its excess cash into short-term money markets unleashed a flurry of wagers betting on spread movements between overnight lending rates. Details released on Wednesday by the Treasury Borrowing Advisory Committee showed a “healthy debate” on the potential of investing excess funds held by the department into the overnight repurchase market. W...
A discussion around the prospect of US Treasury investing its excess cash into short-term money markets unleashed a flurry of wagers betting on spread movements between overnight lending rates. Details released on Wednesday by the Treasury Borrowing Advisory Committee showed a “healthy debate” on the potential of investing excess funds held by the department into the overnight repurchase market. While the advisory body said benefits from the plan would be marginal, traders in the derivatives market piled on trades that would benefit from easing conditions in funding markets. Volumes in futures spreads tied to the Secured Overnight Financing Rate — a benchmark rate based on the cost of borrowing against Treasury securities — and those referencing the federal funds rate rose sharply during trading Wednesday. The flows were skewed toward buying the SOFR-fed funds basis, or the spread between the two rates, as traders are betting on the two rates moving closer together. The Treasury General Account is the government’s primary checking account at the Federal Reserve, where it generally holds enough cash to cover one week’s of outflows. Investing excess balances into the repo market could act as a liquidity boost, suppressing repo rates and SOFR. This makes buying SOFR futures attractive relative to fed funds futures. “There was a large bid for SOFR/FF basis,” BNP strategists said in note, adding that investing excess TGA balances into the repo market, if implemented “would reduce TGA volatility and provide a stronger backstop for money markets.” The June 2026 one-month SOFR-fed funds basis reached parity for the first time on record volumes. There was also elevated activity across the July, August and December basis which all traded in over 30,000 futures spreads on the day. The June volumes at around 56,000 as of 2 p.m. in New York were already well above the 14,300 15-day average. SOFR fixed at 3.62% as of May 5. The effective fed funds rate, or the weighted average of...
mim.girl/iStock via Getty Images The last time I wrote about BioMarin Pharmaceutical ( BMRN ) it was with a Seeking Alpha article entitled " BioMarin: Acquisition Of Inozyme Brings Forth Late-Stage ERT BMN 401 ." With respect to this article, I mentioned that the acquisition of Inozyme brought forth the enzyme replacement therapy [ERT] BMN 401 for the treatment of patients with ENPP1 Deficiency. I...
mim.girl/iStock via Getty Images The last time I wrote about BioMarin Pharmaceutical ( BMRN ) it was with a Seeking Alpha article entitled " BioMarin: Acquisition Of Inozyme Brings Forth Late-Stage ERT BMN 401 ." With respect to this article, I mentioned that the acquisition of Inozyme brought forth the enzyme replacement therapy [ERT] BMN 401 for the treatment of patients with ENPP1 Deficiency. I also mentioned the development of its long-acting C-type natriuretic peptide [CNP] BMN 333 for the treatment of patients with Achondroplasia. I had given this stock a "Strong Buy" rating the last time around, and I'm going to stick to this rating, and there are several reasons why. The first reason why is because it is still on track to release topline data from its phase 3 study using BMN 401 for the treatment of patients ages 1 to 12 with ENPP1 deficiency in Q2 of 2026. Should the data end up being positive, then regulatory submissions for this program are expected in the 2nd half of 2026. The second reason is because it is still pressing on with its clinical program of its long-acting CNP BMN 333 for the treatment of patients with achondroplasia. The first patient of a phase 2/3 registration-enabling study for this program occurred in April of 2026, with data expected from it in 2027. The third reason is because of BioMarin completing the acquisition of Amicus Therapeutics . The beauty of this acquisition is because it brings into the fold assets that will drive growth specifically in 2026. With this, BioMarin obtains GALAFOLD [migalastat] for Fabry disease and the two-dose regimen POMBILITI [cipaglucosidase alfa-atga] + OPFOLDA [miglustat] for the treatment of patients with Pompe disease. With the acquisition of these assets into its commercial portfolio plus the product it already had, it allowed the company to increase its full-year 2026 earnings to be between $3.825 billion and $3.925 billion. In addition, this allows it to have a mid-point revenue growth in 2026 of...
Hyperscalers building out AI infrastructure have run into a hard constraint: electricity. Training clusters and inference farms need round-the-clock baseload power, and grids in Virginia, Texas, and the Pacific Northwest are already strained. That has pushed Microsoft, Amazon, and Google toward direct purchase agreements for nuclear power with utilities and small modular reactor developers, with ....
Hyperscalers building out AI infrastructure have run into a hard constraint: electricity. Training clusters and inference farms need round-the-clock baseload power, and grids in Virginia, Texas, and the Pacific Northwest are already strained. That has pushed Microsoft, Amazon, and Google toward direct purchase agreements for nuclear power with utilities and small modular reactor developers, with ... Load Up on Nuclear Before the Data Center Energy Race Accelerates
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penguin Solutions Inc. (Symbol: PENG), where a total volume of 19,771 contracts has been traded thus far today, a contract volume which is representative of appr
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penguin Solutions Inc. (Symbol: PENG), where a total volume of 19,771 contracts has been traded thus far today, a contract volume which is representative of appr
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Unity Software Inc (Symbol: U), where a total of 135,282 contracts have traded so far, representing approximately 13.5 million underlying shares. That amounts to about 1
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Unity Software Inc (Symbol: U), where a total of 135,282 contracts have traded so far, representing approximately 13.5 million underlying shares. That amounts to about 1
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Hut 8 Corp (Symbol: HUT), where a total of 71,516 contracts have traded so far, representing approximately 7.2 million underlying shares. That amounts to about 148.6% of
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Hut 8 Corp (Symbol: HUT), where a total of 71,516 contracts have traded so far, representing approximately 7.2 million underlying shares. That amounts to about 148.6% of
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Silicon Laboratories Inc (Symbol: SLAB), where a total of 8,212 contracts have traded so far, representing approximately 821,200 underlying shares. That amounts to about
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Silicon Laboratories Inc (Symbol: SLAB), where a total of 8,212 contracts have traded so far, representing approximately 821,200 underlying shares. That amounts to about
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Grid Dynamics Holdings Inc (Symbol: GDYN), where a total of 29,707 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts t
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Grid Dynamics Holdings Inc (Symbol: GDYN), where a total of 29,707 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts t
Never miss an episode. Follow The Big Take daily podcast today. Can NASA put astronauts on the moon in 2028? Why does the US need a lunar base? NASA Administrator Jared Isaacman joins guest host Tim Stenovec on today’s Big Take podcast episode to discuss the new space race with China, how NASA can compete for talent with SpaceX and Blue Origin – and why he doesn’t think we’re alone in the universe...
Never miss an episode. Follow The Big Take daily podcast today. Can NASA put astronauts on the moon in 2028? Why does the US need a lunar base? NASA Administrator Jared Isaacman joins guest host Tim Stenovec on today’s Big Take podcast episode to discuss the new space race with China, how NASA can compete for talent with SpaceX and Blue Origin – and why he doesn’t think we’re alone in the universe. Read more: www.bloomberg.com/space We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: Julia Press; Editors: Jeffrey Grocott; Fact-checker: Rae Lewis-Krisky and Eleanor Harrison-Dengate; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
LOS ANGELES, May 06, 2026--Josh Parker, the Head of Sustainability for NVIDIA, is the featured guest this week on the Impact Podcast with John Shegerian to share insights on NVIDIA’s sustainability initiatives and AI’s role in sustainability in general.
LOS ANGELES, May 06, 2026--Josh Parker, the Head of Sustainability for NVIDIA, is the featured guest this week on the Impact Podcast with John Shegerian to share insights on NVIDIA’s sustainability initiatives and AI’s role in sustainability in general.
Samsung Electronics (005930.KS, SMSN.IL) reached a $1 trillion market cap on Wednesday as the memory chip shortage drives the hardware manufacturer — and other memory chip developers — even higher. Market Domination Host Josh Lipton and Yahoo Finance Tech Editor Dan Howley sit down to discuss the rally occurring in the memory chip landscape.
Samsung Electronics (005930.KS, SMSN.IL) reached a $1 trillion market cap on Wednesday as the memory chip shortage drives the hardware manufacturer — and other memory chip developers — even higher. Market Domination Host Josh Lipton and Yahoo Finance Tech Editor Dan Howley sit down to discuss the rally occurring in the memory chip landscape.