The Google headquarters in Mountain View, California, US, on Sunday, April 26, 2026. Alphabet Inc. is scheduled to release earnings figures on April 29. Photographer: Benjamin Fanjoy/Bloomberg
The Google headquarters in Mountain View, California, US, on Sunday, April 26, 2026. Alphabet Inc. is scheduled to release earnings figures on April 29. Photographer: Benjamin Fanjoy/Bloomberg
GMR Solutions Inc. , an air and ground emergency medical services company, is seeking to raise as much as $797.9 million in a US initial public offering, joining a growing list of healthcare firms seeking to tap investors. The KKR & Co. -backed company, known as Global Medical Response, is offering nearly 32 million shares at $22 to $25 each, according to its filing Monday with the US Securities a...
GMR Solutions Inc. , an air and ground emergency medical services company, is seeking to raise as much as $797.9 million in a US initial public offering, joining a growing list of healthcare firms seeking to tap investors. The KKR & Co. -backed company, known as Global Medical Response, is offering nearly 32 million shares at $22 to $25 each, according to its filing Monday with the US Securities and Exchange Commission. At the top of the price range, GMR would have a market value of about $4.67 billion, based on the outstanding shares listed in the filing. Funds affiliated with KKR, Ares Management Corp. , and BlackRock Inc. ’s HPS are expected to buy $350 million of private placement warrants at the IPO price in a concurrent deal, the filing shows. The proposed listing adds to a flurry of healthcare debuts so far in 2026, with IPOs raising more than $4 billion on US exchanges this year, according to data compiled by Bloomberg. That’s up nearly 200% from the same period in 2025, the data show. GMR is the largest provider of emergency medical services and one of the largest integrated providers of alternate-site, out-of-hospital care in the US. Its air and ground ambulances are able to provide service to all 50 states, the filing shows. The firm’s operations cover more than 60% of the country’s population. The company encounters about 5.5 million patients annually and has a team of more than 24,000 clinicians. KKR acquired helicopter ambulance company Air Medical Group Holdings Inc. from investors including Bain Capital in a $2.09 billion deal in 2015, according to PitchBook data. The New York-based firm then combined the company with American Medical Response after buying the transport company from Envision Healthcare Corp. for $2.4 billion in cash in 2017. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the ...
MicroStockHub/iStock via Getty Images The following segment was excerpted from Alger Weatherbie Specialized Growth Fund Q1 2026 Commentary Class A shares of the Alger Weatherbie Specialized Growth Fund underperformed the Russell 2500 Growth Index during the first quarter of 2026. AAR CORP. ( AIR ), DigitalOcean Holdings, Inc. ( DOCN ), and Legence Corp. ( LGN ) were among the top contributors to p...
MicroStockHub/iStock via Getty Images The following segment was excerpted from Alger Weatherbie Specialized Growth Fund Q1 2026 Commentary Class A shares of the Alger Weatherbie Specialized Growth Fund underperformed the Russell 2500 Growth Index during the first quarter of 2026. AAR CORP. ( AIR ), DigitalOcean Holdings, Inc. ( DOCN ), and Legence Corp. ( LGN ) were among the top contributors to performance. AAR Corp is a diversified provider of aftermarket aviation services, offering parts supply, maintenance and repair, and integrated solutions to commercial airlines, government agencies, and defense customers worldwide. The company operates at the juncture of two durable demand drivers: a robust commercial aerospace aftermarket supported by strong global air travel demand, and a growing government and defense business that benefits from the increasing need for military operational readiness. 1st Quarter 2026 During the quarter, shares contributed positively to performance after the company delivered a strong fiscal third-quarter earnings report, with revenue, earnings, and profitability all exceeding expectations driven by solid organic growth, particularly in its parts supply business. Management also provided an encouraging fiscal year outlook, with commercial aviation demand continuing to hold firm despite geopolitical disruptions and defense-related activity providing a meaningful tailwind. DigitalOcean is a cloud infrastructure provider that offers scalable computing, storage, and networking solutions tailored to startups, small and mid-sized businesses, and individual developers. The company has differentiated itself by delivering a simplified, developer-friendly platform that lowers the barrier to cloud adoption for customers who may be underserved by the larger hyperscale providers. During the quarter, shares contributed positively to performance after the company delivered a strong fiscal fourth-quarter report that exceeded expectations on both revenue a...
Jon Tetzlaff/iStock Editorial via Getty Images Since my previous coverage from February 25 to March 19, Saia, Inc. ( SAIA ) experienced a pullback to $315, which reduced its value by 22% and initially justified my hold rating. The negative reaction of the market was somehow understandable due to woes associated with stubborn inflation and tensions in the Middle East. However, SAIA was able to pick...
Jon Tetzlaff/iStock Editorial via Getty Images Since my previous coverage from February 25 to March 19, Saia, Inc. ( SAIA ) experienced a pullback to $315, which reduced its value by 22% and initially justified my hold rating. The negative reaction of the market was somehow understandable due to woes associated with stubborn inflation and tensions in the Middle East. However, SAIA was able to pick up its momentum once again, proving the resilience of the less-than-truckload, or LTL market. Right now, bullish signals are still strong, supported by its robust Q1 2026 results. Nonetheless, my hold rating still stands as overvaluation and overbuying tendencies are more evident. Q1 2026: Smooth Start The freight and logistics industry has faced various challenges in recent years amid the rising prices, softer consumer spending, and cautious production. Yet, the LTL market has been exceptionally strong, especially in the past year. Of course, a large player like Saia, Inc. is also enjoying the positive trend as it strategically positions itself for the changing market dynamics. This was evident in its most recent performance. In Q1 2026, its operating revenue amounted to $806.2M , up by 2.4% YoY from $787.6M. This YoY increase was higher than in my previous coverage at only 0.1%. This showed its sustained recovery from its weakness in the past two years. One factor to consider was volume recovery considering the increased LTL shipments despite lower tonnage. This meant that SAIA carried many lighter shipments during the quarter. Another driver was stronger pricing power. LTL revenue per shipment and hundredweight rose as market undercapacity continued. Fuel surcharges also pushed revenues up as oil prices skyrocketed in February and March amid the Iran War. But you can see the YoY decrease in LTL revenue per shipment excluding surcharges. This should not be surprising since lighter shipments tend to pay less. But because of higher volumes, more revenues were generated. On...
Mobia Medical Inc. , a maker of medical devices to help stroke survivors, is seeking to raise as much as $160 million in a US initial public offering. The Austin-based firm plans to market 10 million shares at $14 to $16 each, according to its filing Monday with the US Securities and Exchange Commission. At the top of the price range, Mobia would have a market value of about $529 million, based on...
Mobia Medical Inc. , a maker of medical devices to help stroke survivors, is seeking to raise as much as $160 million in a US initial public offering. The Austin-based firm plans to market 10 million shares at $14 to $16 each, according to its filing Monday with the US Securities and Exchange Commission. At the top of the price range, Mobia would have a market value of about $529 million, based on the outstanding shares listed in the filing. Mobia’s proposed listing adds to the handful of new entrants in the medical technology sector so far in 2026. Diabetes-management firm MiniMed Group Inc. raised $560 million in its IPO following its separation from health-care giant Medtronic Plc , while medical device maker Alamar Biosciences Inc. raised $220 million in its debut. The company was incorporated in 2007 as MicroTransponder Inc. before changing its name earlier this year. Mobia’s Vivistim System was approved by the US Food and Drug Administration as a solution for chronic ischemic stroke survivors with moderate to severe upper extremity impairments. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Mobia had a net loss of $46.5 million on sales of $32 million in 2025, compared with a net loss of $24.6 million on sales of $15.6 million a year earlier, its filing showed. The offering is being led by Bank of America Corp. , JPMorgan Chase & Co. and Goldman Sachs Group Inc. The company plans for its shares to trade on the Nasdaq Global Select Market under the symbol MOBI.
Tuangtong Efforts to rebuild Venezuela’s crumbling electricity system are struggling to gain traction, as foreign companies remain wary of getting paid for the massive overhaul the country needs, Reuters reported Monday. Executives from major energy firms who met officials in Caracas in April left with doubts, citing uncertainty over financing for a reconstruction plan estimated at $100 billion. T...
Tuangtong Efforts to rebuild Venezuela’s crumbling electricity system are struggling to gain traction, as foreign companies remain wary of getting paid for the massive overhaul the country needs, Reuters reported Monday. Executives from major energy firms who met officials in Caracas in April left with doubts, citing uncertainty over financing for a reconstruction plan estimated at $100 billion. The government, now led by interim President Delcy Rodriguez, has made restoring reliable power a priority but has yet to offer credible guarantees to suppliers. Years of underinvestment have left the grid in disrepair. Less than 40% of generation capacity is currently usable, with fuel-based plants operating far below potential. Chronic outages have disrupted industry, including the vital oil sector, and slowed economic activity. While Caracas has approached companies such as Siemens Energy ( SMEGF ), GE Vernova ( GEV ) and Mitsubishi Power for help, uncertainty around project scope, payment mechanisms and regulatory approvals continues to delay commitments. Past experiences also weigh heavily, as many contractors were left unpaid during earlier investment cycles and later pursued legal action. The government has so far resisted proposals to prepay for repairs, and alternative ideas such as using oil revenue held in U.S.-supervised accounts remain unresolved. Existing debt obligations further complicate financing options. Experts estimate at least $15 billion is needed over three years just to stabilize the grid. Without significant investment, only limited fixes are likely, leaving power shortages in place. Demand already exceeds available supply, and outages have surged well above historical norms. For ordinary Venezuelans, the impact is immediate. Rolling blackouts lasting up to 10 hours a day have become routine, underscoring the gap between ambitious recovery plans and the reality on the ground, according to the Reuters report. More on State Street® Energy Select Secto...
Norwegian Cruise Line Holdings press release ( NCLH ): Q1 Non-GAAP EPS of $0.23 beats by $0.09 . Revenue of $2.33B (+9.4% Y/Y) misses by $30M . 2026 Guidance Second Quarter 2026 Full Year 2026 As Reported ConstantCurrency As Reported ConstantCurrency Net Yield ~(3.2%) ~(3.6%) (2.7%) – (4.7%) (3.0%) – (5.0%) Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~1.4% ~1.0% ~0.3% ~0.0% Capacity D...
Norwegian Cruise Line Holdings press release ( NCLH ): Q1 Non-GAAP EPS of $0.23 beats by $0.09 . Revenue of $2.33B (+9.4% Y/Y) misses by $30M . 2026 Guidance Second Quarter 2026 Full Year 2026 As Reported ConstantCurrency As Reported ConstantCurrency Net Yield ~(3.2%) ~(3.6%) (2.7%) – (4.7%) (3.0%) – (5.0%) Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~1.4% ~1.0% ~0.3% ~0.0% Capacity Days ~6.6 million ~26.25 million Occupancy ~102.5% ~104.2% Adjusted EBITDA ~$632 million $2.48 billion to $2.64 billion Adjusted Net Income ~$178 million $679 million to $838 million Adjusted EPS1 ~$0.38 $1.45 to $1.79 vs $2.12 consensus Diluted Weighted-Average Shares Outstanding2 ~467 million ~468 million Depreciation and Amortization ~$275 million ~$1,085 million Interest Expense, net3 ~$175 million ~$695 million Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$19 million~$0.04 ~$76 million~$0.16 Effect of a 1% change in Adjusted Net Cruise Cost Excluding Fuel per Capacity Day on Adjusted EBITDA / Adjusted EPS ~$11 million~$0.02 ~$43 million~$0.09 Effect of a 1% change in Foreign Exchange rates on Adjusted Net Income / Adjusted EPS4 ~$1.6 million~$0.00 ~$5.3 million~$0.01 Click to enlarge More on Norwegian Cruise Line Holdings Norwegian Cruise Line Holdings: Execution Mistakes To Weigh On Stock Multiple Norwegian Cruise Line: Clear Commercial Improvements Needed Norwegian Cruise Line: I'm Buying The Q4 Post-Earnings Pullback Norwegian Cruise Line Holdings Q1 2026 Earnings Preview Oil slump fuels travel sector rally; airlines and cruise stocks outperform
“We always want to be big enough in any given strategy that we’re relevant to the market, relevant to our counterparties,” says Grant Nachman, Shorecliff Asset Management’s CIO and CEO. “But we always want to try to be nimble enough that we don’t have to own everything.” Nachman joins Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast to discuss Shorecliff’s “full-cy...
“We always want to be big enough in any given strategy that we’re relevant to the market, relevant to our counterparties,” says Grant Nachman, Shorecliff Asset Management’s CIO and CEO. “But we always want to try to be nimble enough that we don’t have to own everything.” Nachman joins Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast to discuss Shorecliff’s “full-cycle credit” approach, new challenges in managing a firm as assets and headcount scale, and how to st
CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, today announced it has achieved the Microsoft Copilot specialization in Modern Work within the Microsoft AI Cloud Partner Program. This designation underscores CGI's expertise in delivering Microsoft 365 Copilot solutions and its capabilities as a partner to clients for transforming...
CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, today announced it has achieved the Microsoft Copilot specialization in Modern Work within the Microsoft AI Cloud Partner Program. This designation underscores CGI's expertise in delivering Microsoft 365 Copilot solutions and its capabilities as a partner to clients for transforming and scaling secure AI across the enterprise.
MIAMI, May 04, 2026 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd. (“NCLC”), “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today reported financial results for the first quarter ended March 31, 2026 and provided guidance for the second quarter and full year 2026.
MIAMI, May 04, 2026 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd. (“NCLC”), “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today reported financial results for the first quarter ended March 31, 2026 and provided guidance for the second quarter and full year 2026.
Real Estate Browser Extension In France Provides Immigration Data Overlay Via ReMix , A French website and real estate browser extension for Chrome is promoting an unusual data offering, which includes information on immigration levels, insecurity, and Islamization rates — all factors that real estate buyers may want to take into consideration before they make an investment. The OVMF assigns vario...
Real Estate Browser Extension In France Provides Immigration Data Overlay Via ReMix , A French website and real estate browser extension for Chrome is promoting an unusual data offering, which includes information on immigration levels, insecurity, and Islamization rates — all factors that real estate buyers may want to take into consideration before they make an investment. The OVMF assigns various scores “automatically in real estate ad photos,” according to the company behind the extension, which is free and collects no data from its users, according to the website. It also promises to highlight certain facilities in the area or neighborhood, which some real estate buyers may want to be aware of, such as asylum accommodations, troubled QPV districts, and the number of mosques in an area. The OVMF site appears to have an enormous amount of data, such as the number of migrants in accommodation facilities, the number of different religious groups, and immigration levels for each neighborhood. In extremely multicultural cities , the site tracks granular data such as the evolution of first names, which it uses to point out the categories of “African names,” “Traditional French names,” “Modern French names,” and “Muslim names,” as well as other categories. Paris also features data on scam rates and other detailed information, including the share of foreigners living in specific neighborhoods, political leadership, and even trending news stories that may be relevant to security-focused real estate buyers. Outside of the browser extension, users can also access a map of France showing known locations such as asylum accommodations and mosques across the entire country. The site’s data on QPV districts refers to “Quartier Prioritaire de la Politique de la Ville,” which are specifically designated urban areas that receive targeted government support to reduce social and economic inequalities. Typically, they feature high rates of immigration, crime, and poverty. The French ...
NoDerog/iStock Unreleased via Getty Images For over two decades, my business partner and I developed a wide range of real estate projects across the Southeast. From freestanding properties leased to companies like Advance Auto Parts ( AAP ) and Sherwin-Williams ( SHW )… to multi-tenant shopping centers anchored by retailers such as Walmart ( WMT ) and PetSmart… to industrial buildings leased to op...
NoDerog/iStock Unreleased via Getty Images For over two decades, my business partner and I developed a wide range of real estate projects across the Southeast. From freestanding properties leased to companies like Advance Auto Parts ( AAP ) and Sherwin-Williams ( SHW )… to multi-tenant shopping centers anchored by retailers such as Walmart ( WMT ) and PetSmart… to industrial buildings leased to operators like Goodyear Tire (Goodyear Tire). I loved these investments for one simple reason: predictability. (See my latest “moat” article on the net lease , industrial , and manufactured housing sectors) Long-term lease contracts provided steady, reliable cash flow - the kind of “sleep well at night” income that allows you to focus less on volatility and more on compounding wealth over time. But not all real estate is created equal. One of the primary reasons my partner and I ultimately parted ways was a hotel and conference center project he was developing in my hometown of Spartanburg, South Carolina. He had a tremendous passion for bringing a branded hotel to the community, but I knew he lacked both the experience and the capital required to execute a project of that scale successfully. More importantly, I understood something fundamental about the hotel business model. Unlike net lease, retail, or industrial properties, where income is secured by contracts measured in years, hotel rooms are leased by the night. That may not sound like a big difference… but it changes everything. Hotels operate with daily pricing, fluctuating demand, and far less visibility into future cash flows. What looks like a strong business in a good economy can quickly unravel when travel slows, costs rise, or capital dries up. Unfortunately, I didn’t exit that partnership soon enough. As it turns out, that one hotel project ultimately sank the ship, and in many ways, it’s what led me to become a writer on Seeking Alpha. Sometimes the best lessons in real estate come the hard way. And in this ca...