The logo for the Food and Drug Administration is seen ahead of a news conference at the Health and Human Services Headquarters in Washington, DC on April 22, 2025. Nathan Posner | Anadolu | Getty Images A key U.S. Food and Drug Administration official who oversees vaccines and biotech treatments will step down from the agency following multiple decisions that raised concerns within the industry. V...
The logo for the Food and Drug Administration is seen ahead of a news conference at the Health and Human Services Headquarters in Washington, DC on April 22, 2025. Nathan Posner | Anadolu | Getty Images A key U.S. Food and Drug Administration official who oversees vaccines and biotech treatments will step down from the agency following multiple decisions that raised concerns within the industry. Vinay Prasad, director of the Center for Biologics Evaluation and Research, will leave the FDA at the end of April, an agency spokesperson confirmed on Friday. — CNBC's Angelica Peebles contributed to this report This is breaking news. Please refresh for updates.
Key Points Kettle Hill bought 747,715 shares of Braze. The Braze position represented 5.72% of 13F reportable assets under management at quarter-end. The firm's Braze holdings were valued at $25.64 million as of quarter-end. 10 stocks we like better than Braze › What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Kettle Hill Capital Management, LLC, re...
Key Points Kettle Hill bought 747,715 shares of Braze. The Braze position represented 5.72% of 13F reportable assets under management at quarter-end. The firm's Braze holdings were valued at $25.64 million as of quarter-end. 10 stocks we like better than Braze › What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Kettle Hill Capital Management, LLC, reported a new holding in Braze (NASDAQ:BRZE). The fund acquired 747,715 shares, with an estimated transaction value of $22.15 million based on the average share price during the quarter. The quarter-end value of the stake totaled $25.64 million. What else to know This was a new position for Kettle Hill, representing 5.72% of the fund’s reportable U.S. equity assets as of Dec. 31, 2025. Top five holdings after the filing: Elastic NV : $29.69 million (6.6% of AUM) Unity Software : $29.06 million (6.5% of AUM) RH : $28.87 million (6.4% of AUM) Penn Entertainment : $26.16 million (5.8% of AUM) Wynn Resorts : $25.89 million (5.8% of AUM) As of Feb. 16, 2026, Braze shares were priced at $17.60, down 57.6% over the past year, underperforming the S&P 500 by 70.82 percentage points. Company Overview Metric Value Price (as of market close 2/16/26) $17.60 Market Capitalization $2.4 billion Revenue (TTM) $693.41 million Net Income (TTM) ($116.88 million) Company Snapshot Offers a comprehensive customer engagement platform, including data ingestion, segmentation, predictive analytics, personalization, orchestration tools, and reporting solutions for brands seeking to optimize consumer interactions. Serves a global client base of enterprises and consumer brands across industries, targeting organizations that require advanced digital marketing, customer segmentation, and cross-channel communication capabilities. Headquartered in New York City, Braze employs 1,699 people and was incorporated in 2011, operating in the software application sector. Braze, Inc. is a technology company specializ...
Richard Drury/DigitalVision via Getty Images Introduction Earlier this morning, the Bureau of Labor Statistics released the February employment report . The report surprised markets, showing a job loss of 92,000 for the month of February, with the unemployment rate rising to 4.4%. This report, combined with previous reports being revised downward, may be hinting at renewed weakness in the labor ma...
Richard Drury/DigitalVision via Getty Images Introduction Earlier this morning, the Bureau of Labor Statistics released the February employment report . The report surprised markets, showing a job loss of 92,000 for the month of February, with the unemployment rate rising to 4.4%. This report, combined with previous reports being revised downward, may be hinting at renewed weakness in the labor market. Bureau of Labor Statistics Jobless Claims Hinted At Some Trouble The Job Openings and Labor Turnover (JOLTS) report has been delayed due to the government shutdown, so investors had limited data leading up to the report. Fortunately, the weekly jobless claims report was still released on schedule. On an initial claims basis, there were no signs in February that the labor market was weakening. Initial weekly claims remained under 215,000 for three weeks during the month, which is below the majority of the last 52 weeks. Department of Labor The continued claims told a slightly different story. While continuing claims are lower than where they were in most of the past year, they did spike towards the end of February to the highest level of the month. At 1.87 million, continuing claims were 30,000 higher over the four-week period and 50,000 higher than the prior week. While we do not get the 2/28 data until next week, I am expecting to see this jump to over 1.9 million. With jobless claims showing modest gains, it’s safe to assume that the next two JOLTS reports, which will be released over a three-week period, will show a notable slowing of hiring in the economy. Department of Labor Department of Labor The Signs Of Weakness There are a few indicators that show the labor market may be experiencing ongoing losses. First, the overall job creation numbers since the beginning of 2025 have been disappointing. Over the last twelve months, the economy has only created 156,000 jobs and has experienced five months of net job losses. Looking at the trend, it appears as if the labor...
This time around, Liverpool made no mistake at Molineux. They remain on the road to Wembley, and thanks to two players signed in 2017, two time-honoured club legends with now uncertain futures. Andy Robertson and Mohamed Salah scored the goals that took the game away from Wolves to soothe the pain of Tuesday’s Premier League defeat. Curtis Jones’s strike completed a Friday night of far greater com...
This time around, Liverpool made no mistake at Molineux. They remain on the road to Wembley, and thanks to two players signed in 2017, two time-honoured club legends with now uncertain futures. Andy Robertson and Mohamed Salah scored the goals that took the game away from Wolves to soothe the pain of Tuesday’s Premier League defeat. Curtis Jones’s strike completed a Friday night of far greater comfort, as Wolves crashed back to the reality of nine remaining Premier League matches before the drop comes. Their goal from Hwang Hee-chan, a substitute, came far too late. While Arne Slot had expressed disappointment at the Premier League’s entertainment levels, a verdict hostage to fortune three days previously, his starting selection suggested an FA Cup exit could not be countenanced. Winning the trophy will not offer total job security but losing twice at the Premier League’s bottom club in the space of a few days might well have been a felling blow. Rob Edwards’ six changes meant Wolves looked even stronger than Tuesday, though André, the winning goalscorer, was missing through suspension. With Hugo Ekitiké benched, Cody Gakpo led Liverpool’s attack, Rio Ngumoha a starter in the Dutchman’s usual left-wing role. Liverpool have missed Florian Wirtz. His return as a sub was a welcome sight. View image in fullscreen Hwang Hee-Chan scores in added time to provide some consolation for the Wolves supporters. Photograph: Martin Rickett/PA In Molineux’s Stan Cullis Stand, two paintings of the late Diogo Jota by the former Wolves captain Jody Craddock were unveiled, a reminder of the long shadow cast over both clubs by the striker’s death. Liverpool sought quick amends for Tuesday night’s loss. Ryan Gravenberch’s cross found Gakpo and the header had Sam Johnstone beaten but not the post. Or the offside flag. Wolves responded with vigour. Mateus Mané and Tolu Arokodare on the counterattack, with Angel Gomes in support, were a handful, particularly for Liverpool’s nervous defender...
Amazon (AMZN) and Google (GOOG, GOOGL) are trying to revive smart home adoption with artificial intelligence (AI). Yahoo Finance Technology Editor Dan Howley and Yahoo Finance Senior Reporter Claire Boston join Asking for a Trend with Yahoo Finance Markets and Data Editor Jared Blikre to discuss the latest developments. To watch more expert insights and analysis on the latest market action, check ...
Amazon (AMZN) and Google (GOOG, GOOGL) are trying to revive smart home adoption with artificial intelligence (AI). Yahoo Finance Technology Editor Dan Howley and Yahoo Finance Senior Reporter Claire Boston join Asking for a Trend with Yahoo Finance Markets and Data Editor Jared Blikre to discuss the latest developments. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend.
DeFi Technologies ( Nasdaq: DEFT ) on Friday said it received a notice from Nasdaq on March 5 stating the company was not in compliance with the exchange’s minimum bid price requirement after its shares traded below $1.00 for 30 consecutive business days as of March 4. The company said it has 180 calendar days, until September 1, 2026, to regain compliance by maintaining a closing bid price of at ...
DeFi Technologies ( Nasdaq: DEFT ) on Friday said it received a notice from Nasdaq on March 5 stating the company was not in compliance with the exchange’s minimum bid price requirement after its shares traded below $1.00 for 30 consecutive business days as of March 4. The company said it has 180 calendar days, until September 1, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. DeFi Technologies said the notice has no immediate effect on the listing or trading of its shares on the Nasdaq Capital Market. If the company fails to regain compliance by September 1, it may be eligible for an additional 180-day compliance period, subject to meeting other listing requirements and notifying Nasdaq of its intention to cure the deficiency. DEFT +6.07% after hours to $0.7107. Source: Press Release More on DeFi Technologies Inc. Financial information for DeFi Technologies Inc.
Ireland kept alive their slim hopes of reclaiming the Six Nations title with a bonus-point victory over spirited Wales in Dublin. A fortnight on from dismantling England in ruthless fashion, Ireland were prevented from producing another statement performance by a hard-hitting Wales team who were chasing a first championship win since 2023. Andy Farrell's home side ultimately dug deep to pick up th...
Ireland kept alive their slim hopes of reclaiming the Six Nations title with a bonus-point victory over spirited Wales in Dublin. A fortnight on from dismantling England in ruthless fashion, Ireland were prevented from producing another statement performance by a hard-hitting Wales team who were chasing a first championship win since 2023. Andy Farrell's home side ultimately dug deep to pick up the five points they needed, with tries from Jacob Stockdale, Jack Crowley, Jack Conan and Jamie Osborne. After the scores from Stockdale and Crowley, prop Rhys Carre breathed new life into the Welsh cause with an excellent solo try to leave just two points in it at the break. Undeterred by Conan's early second-half try, Wales hit back through James Botham and retained hope of completing a huge shock. However, they were condemned to a 15th successive Six Nations loss when Osborne went over for Ireland's bonus-point score. The result leaves Ireland a point behind France, who would win the title with a game to spare with a bonus-point victory over Scotland at Murrayfield on Saturday (14:10 GMT). Ireland face Scotland in a Triple Crown decider next week, while Wales will seek to end their tournament with a long-awaited win at home to Italy. More to follow.
Rivals like Burger King and Wendy’s have also been biting off that McDonald’s CEO video — and industry experts say it’s good for business for everybody.
Rivals like Burger King and Wendy’s have also been biting off that McDonald’s CEO video — and industry experts say it’s good for business for everybody.
April WTI crude oil (CLJ26) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The ongoing war in the Middle East entered its seventh day on Friday with no sign of resolution. The Stra...
April WTI crude oil (CLJ26) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The ongoing war in the Middle East entered its seventh day on Friday with no sign of resolution. The Strait of Hormuz remains closed, halting most energy shipments from the Persian Gulf. Don’t Miss a Day: Gains in crude accelerated Friday after Qatar’s energy minister told the Financial Times that the war in the Middle East could “bring down the economies of the world,” and predicted that all Gulf energy exporters would shut down production within weeks, driving crude oil prices to $150 a barrel. Comments from President Trump on Friday also boosted crude prices when he said the US doesn’t want to negotiate an end to the war with Iran, and that “there will be no deal with Iran except unconditional surrender,” fueling concerns the US may be girding for an extended conflict. The closure of the Strait of Hormuz has halted most energy shipments from the Persian Gulf and is bullish for energy prices. Iran’s Islamic Revolutionary Guard Corps has warned ships not to sail through the passageway, saying that vessels “could be at risk from missiles or rogue drones.” The closure of the Strait of Hormuz, which handles a fifth of the world’s oil, has forced Gulf producers unable to export their oil to stockpile the crude in storage tanks. Iraq and Saudi Arabia, OPEC’s largest producers, have curbed crude production as the halt to their exports is filling up their oil storage facilities. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz. Also, damage from an intercepted Iranian drone caused a major fire on Tuesday at the United Arab Emirates’ major oil-trad...
April Nymex natural gas (NGJ26) on Friday closed up by +0.183 (+6.09%). April nat-gas prices rallied sharply on Friday and posted a 1-month high amid concern that the ongoing war in Iran could lead to longer-term disruption of global gas supplies. The possibility of a prolonged disruption to LNG supplies in the Middle East with the closure of the Strait of Hormuz could boost demand for US gas, whi...
April Nymex natural gas (NGJ26) on Friday closed up by +0.183 (+6.09%). April nat-gas prices rallied sharply on Friday and posted a 1-month high amid concern that the ongoing war in Iran could lead to longer-term disruption of global gas supplies. The possibility of a prolonged disruption to LNG supplies in the Middle East with the closure of the Strait of Hormuz could boost demand for US gas, which has had a limited impact from the Iran war on US production or exports. Don’t Miss a Day: Nat-gas prices surged this week, with European nat-gas prices climbing to a 3-year high on Tuesday due to the war in Iran. On Monday, Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of global liquefied natural gas supply, and its closure could boost US nat-gas exports. On the bearish side for nat-gas prices are forecasts for warmer US weather, potentially reducing nat-gas heating demand. On Friday, the Commodity Weather Group said well-above-average temperatures are expected across the eastern two-thirds of the US through March 10. US (lower-48) dry gas production on Friday was 113.6 bcf/day (+6.4% y/y), according to BNEF. Lower-48 state gas demand on Friday was 77.6 bcf/day (-17.4% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Friday were 19.5 bcf/day (-0.7% w/w), according to BNEF. Projections for higher US nat-gas production are bearish for prices. On February 17, the EIA raised its forecast for 2026 US dry nat-gas production to 109.97 bcf/day from last month's estimate of 108.82 bcf/day. US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high last Friday. As a positive factor for gas prices, the Edison Electric Institute reported Wednesday that US (lower-48) electricity output in the week ended February 28 rose +7.84% y/y to 82,888 GWh (gigawatt hours). Also, US electric...
Corn futures are showing 4 to 7 cent gains so far on Friday. There were 5 deliveries against March corn futures overnight. Crude oil futures are up $10.10 at midday to continue the spillover support. The CmdtyView national average Cash Corn price is up 4 1/4 cents to $4.16. Export Sales data shows total corn export commitments at 64.982 MMT, which is now 78% of the USDA export projection, matching...
Corn futures are showing 4 to 7 cent gains so far on Friday. There were 5 deliveries against March corn futures overnight. Crude oil futures are up $10.10 at midday to continue the spillover support. The CmdtyView national average Cash Corn price is up 4 1/4 cents to $4.16. Export Sales data shows total corn export commitments at 64.982 MMT, which is now 78% of the USDA export projection, matching the average sales pace. Actual exports are 40.024 MMT according to FAS data, 48% of USDA’s number and ahead of the 40% average shipping pace. Don’t Miss a Day: Brazil trade data was released this morning, with February corn exports at 1.55 MMT, up 9.34% from last year but well below the January total. The Buenos Aires Grain Exchange estimates the Argentina early corn crop at 7.2% harvested, with the crop estimate still at 57 MMT. Mar 26 Corn is at $4.45 1/2, up 4 cents, Nearby Cash is at $4.16, up 4 1/4 cents, May 26 Corn is at $4.58 3/4, up 5 1/4 cents, Jul 26 Corn is at $4.69 3/4, up 7 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Mehdi Khalaji, a senior fellow of the Washington Institute for Near East policy, said: "I'm not sure if it has already happened because yesterday there was news that the interim Leadership Council announced they had the authority over announcing war and peace, which means they are waiting for the succession to be finalised."
Mehdi Khalaji, a senior fellow of the Washington Institute for Near East policy, said: "I'm not sure if it has already happened because yesterday there was news that the interim Leadership Council announced they had the authority over announcing war and peace, which means they are waiting for the succession to be finalised."
The battery unit of SK Innovation Co. is laying off more than a third of the workforce at its plant in Georgia as the South Korean manufacturer navigates a slowdown in electric vehicle sales. SK Battery America laid off 958 employees Friday, about 37% of its 2,566-person workforce, according to a notice filed with the state of Georgia on Friday. The factory in Commerce, Georgia, supplied cells for...
The battery unit of SK Innovation Co. is laying off more than a third of the workforce at its plant in Georgia as the South Korean manufacturer navigates a slowdown in electric vehicle sales. SK Battery America laid off 958 employees Friday, about 37% of its 2,566-person workforce, according to a notice filed with the state of Georgia on Friday. The factory in Commerce, Georgia, supplied cells for Ford Motor Co. ’s now-canceled electric F-150 Lightning pickup truck. It also supplies Volkswagen AG and Hyundai Motor Co. “To align operations to market conditions, SK Battery America has made the difficult decision to reduce our workforce,” the company said in an emailed statement Friday. It “remains committed to Georgia and to building a robust US supply chain for advanced battery manufacturing.” SK said it’s pursuing customers in the automotive and stationary storage space. The Associated Press earlier reported the news. South Korea’s battery industry is reeling from an unraveling of the EV transition in key markets such as the US, where President Donald Trump has eliminated purchase subsidies and is hollowing out fuel economy and emissions standards. SK Innovation said the end of the US federal tax credit for EV buyers ate into profitability in the fourth quarter of 2025 despite increased shipments to Europe. Read more: SK Innovation’s Ford Battery Breakup Cost $2.6 Billion SK has a second battery plant in Georgia that will supply Hyundai and is expected to start production in the first half of 2026. Its other plant in Tennessee, formerly part of a joint venture with Ford, isn’t expected to start production until 2028 and could supply both automotive and stationary storage cells, a spokesman said.
In a week when conflict in Iran sent the U.S. equity market into a tailspin, technology stocks tied to cybersecurity and artificial intelligence have proved more resilient than sectors investors have typically treated as safe havens.
In a week when conflict in Iran sent the U.S. equity market into a tailspin, technology stocks tied to cybersecurity and artificial intelligence have proved more resilient than sectors investors have typically treated as safe havens.
In a week when conflict in Iran sent the U.S. equity market into a tailspin, technology stocks tied to cybersecurity and artificial intelligence have proved more resilient than sectors investors have typically treated as safe havens.
In a week when conflict in Iran sent the U.S. equity market into a tailspin, technology stocks tied to cybersecurity and artificial intelligence have proved more resilient than sectors investors have typically treated as safe havens.
Until 1970, the US dumped an estimated 17,000 tons of unspent chemical weapons from World War I and II off the coast of the Atlantic Ocean—and that disposal decision continues to haunt commercial fishing operations. In an article published this week in the Morbidity and Mortality Weekly Report, health officials from New Jersey and the Centers for Disease Control and Prevention report that there we...
Until 1970, the US dumped an estimated 17,000 tons of unspent chemical weapons from World War I and II off the coast of the Atlantic Ocean—and that disposal decision continues to haunt commercial fishing operations. In an article published this week in the Morbidity and Mortality Weekly Report, health officials from New Jersey and the Centers for Disease Control and Prevention report that there were at least three incidents of commercial fishing crews dredging up dangerous chemical warfare munitions (CWMs) off the coast of New Jersey between 2016 and 2023. The three incidents exposed at least six crew members to mustard agent, which causes blistering chemical burns on skin and mucous membranes. (An example of these types of burns can be seen here , but be warned, the image is graphic.) One crew member required overnight treatment in an emergency department for respiratory distress and second-degree blistering burns. Another was burned so badly that they were hospitalized in a burn center and required skin grafting and physical therapy. Read full article Comments
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, please sign up here . A year ago, US President Donald Trump’s tariffs touched off a patriotic desire in Canada to retaliate. One of the more visible casualties? American booze. US wine, beer and spirits were swiftly pulled from government-run liquor ...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, please sign up here . A year ago, US President Donald Trump’s tariffs touched off a patriotic desire in Canada to retaliate. One of the more visible casualties? American booze. US wine, beer and spirits were swiftly pulled from government-run liquor store shelves. What looked temporary at the time has proven surprisingly durable. We spoke to mixologists, restaurants and drinkers about how that has played out. Most provinces have stuck to the boycott, with broad public support: Almost three-quarters of Canadians want to keep US booze out of government-run stores, according to a December poll by Nanos Research for Bloomberg News. The hit to US companies has been real. US liquor and wine exports to Canada plunged by almost two-thirds to $288 million last year, according to the US Census Bureau. The American wine industry has urged US trade officials to prioritize restoring access to the Canadian market. Bourbon maker Jim Beam said in December that it was pausing production at its main US distillery this year following a slump in demand. In the meantime, Canadian bottles are filling that void. At Ontario’s provincially owned stores, domestic wines have climbed into the top sellers list, complete with maple leaf tags and an “EH List” online that promotes homegrown options. Restaurants have adapted, too. Toronto bars are swapping in Ontario whisky for bourbon. High-end kitchens are tweaking recipes. At Shoushin, an Edomae-style, Michelin-starred sushi restaurant in north Toronto, chef Jackie Lin found a replacement for his staple cooking sake, but it added salt and changed the taste of his rice, so he had to change the recipe — a mild inconvenience, he says. Turns out, trade wars can indeed change what’s in your glass. Also in today’s newsletter: The war in the Middle East is creating a scramble to find aluminum, and an expe...
Art Wager U.S. stocks ended the week lower after a disappointing nonfarm payrolls report and oil prices that continued to rise. The benchmark S&P 500 ( SP500 ) ended -1.3%, while the Nasdaq Composite ( COMP:IND ) finished -1.6%, and the Dow ( DJI ) closed -1%. Even more grim, the indexes closed the week in the red. The S&P 500 (SP500) contracted 2%, while the Nasdaq (COMP:IND) ended 1.2% lower, an...
Art Wager U.S. stocks ended the week lower after a disappointing nonfarm payrolls report and oil prices that continued to rise. The benchmark S&P 500 ( SP500 ) ended -1.3%, while the Nasdaq Composite ( COMP:IND ) finished -1.6%, and the Dow ( DJI ) closed -1%. Even more grim, the indexes closed the week in the red. The S&P 500 (SP500) contracted 2%, while the Nasdaq (COMP:IND) ended 1.2% lower, and the Dow (DJI) was -3%. Oil prices ( CL1:COM ) climbed to $92 per barrel as investors weighed escalating geopolitical tensions in the Middle East. Brent futures ( CO1:COM ) also were as high as $94. Now, here are three things to focus on Monday: Oil prices ( CL1:COM ) will continue to attract investors’ focus. As prices surge above $90 per barrel and the U.S.-Iran conflict continues, the energy markets rise to their highest levels in more than two years. In addition, prediction markets suggest that the national average gasoline price ( XB1:COM ) will be above $3.00 per gallon in March. Bitcoin continues to be top-of-mind as talks on landmark crypto legislation hit a new stalemate after banks argue they would not back a compromise pushed by the White House. The cryptocurrency is down about 23% year-to-date and -38% in the past six months. Two important conferences will be held starting Monday, including the three-day Deutsche Bank Media, Internet, and Telecom Conference, with companies such as American Tower ( AMT ), Verizon ( VZ ), and Roku ( ROKU ) presenting; and the Game Developers Conference in San Francisco, with Nvidia ( NVDA ), Apple ( AAPL ), and Ubisoft ( UBSFY ) as some of the companies that are expected to have a significant presence. More on the markets A Jobs Bloodbath Affirms Our Down View Of The Economy Markets Are Underpricing Inflation Risk - The February CPI Preview 4 Signs Of Increasing Consumer Stress S&P 500, Dow end week lower as nonfarm payrolls contract, oil prices accelerate Fed Governor Miran: The Fed is chasing ‘phantom inflation’ as labor demand...
The Russian flag was flown at an international sporting event for the first time since the invasion of Ukraine on Friday night, an act met largely by silence, as the Winter Paralympic Games got under way with a high-end opening ceremony in Verona. Dance, music and visual art combined in a beguiling hour-long performance, celebrating the Paralympic movement and stressing the importance of physical ...
The Russian flag was flown at an international sporting event for the first time since the invasion of Ukraine on Friday night, an act met largely by silence, as the Winter Paralympic Games got under way with a high-end opening ceremony in Verona. Dance, music and visual art combined in a beguiling hour-long performance, celebrating the Paralympic movement and stressing the importance of physical access for people with disabilities, all in a Roman amphitheatre made accessible just for the event. But the eyes of the crowd and a global audience were on the parade of athletes passing into the Arena di Verona. With as many as half the 56 competing countries choosing not to send athletes to the ceremony, some in protest, others in preparation for the Games, the athletes’ procession was less joyous than is customary and all flags were carried by local volunteers. Each country was welcomed on to the stage warmly, however, but when four Russian athletes emerged there was noise only from the Russian delegation who cheered and waved flags. When volunteers carrying the flag of Ukraine entered the arena shortly after, the applause was loud and widespread. Since the assembly of the International Paralympic Committee (IPC) voted to allow Russian and Belarusian athletes to return to competition last year, controversy around these Games has been inevitable. Earlier in the day, however, the president of the IPC, Andrew Parsons, was forced to acknowledge the impact of another global conflict, as the assault on Iran by the US and Israel had left the country’s solitary winter Paralympian, cross-country skier Aboulfazl Khatibi Mianaei, unable to safely leave his country. At the last Winter Games in Beijing, Parsons used his opening address to make an impassioned call for peace in the direct aftermath of Russia’s invasion of Ukraine. In Verona, he sought to avoid politics. “Four years ago I said I was horrified at what was happening in the world. Unfortunately, the situation has not impr...
Key Points The biotech published its final earnings report and business covering 2025. It posted a slightly narrower-than-expected net loss for the fourth quarter. 10 stocks we like better than Shattuck Labs › Shattuck Labs (NASDAQ: STTK) was an outlier in the healthcare sector this week, thanks mostly to a very well-received earnings report and business update. Over the five trading days, accordi...
Key Points The biotech published its final earnings report and business covering 2025. It posted a slightly narrower-than-expected net loss for the fourth quarter. 10 stocks we like better than Shattuck Labs › Shattuck Labs (NASDAQ: STTK) was an outlier in the healthcare sector this week, thanks mostly to a very well-received earnings report and business update. Over the five trading days, according to data compiled by S&P Global Market Intelligence, the company's shares rose by a very robust 53%. Good news from the lab Shattuck, a clinical-stage biotech that concentrates on developing treatments for inflammatory and immune-mediated disorders, reported its fourth quarter and full-year 2025 results on Thursday. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » As a clinical-stage company, Shattuck didn't earn any revenue in the former period. It did, however, manage to trim expenses by cutting research and development spending. All told, its loss from operations declined to under $13.4 million from $19.6 million in the fourth quarter of 2024. This filtered down into a $12.6 million ($0.12 per share) headline net loss, an improvement over the year-ago deficit of $18.7 million. Not only was that bottom-line loss narrower, it edged past the average analyst estimate of $0.13 per share. Shattuck also wrote that SL-325, its No. 1 developmental drug intended to treat a clutch of disorders such as Crohn's disease and ulcerative colitis, has completed enrollment in all six single-ascending dose cohorts. Full enrollment in the final, multiple-ascending dose trial should be finalized in the second quarter of this year. Management expects to divulge important data from this trial during the quarter. In terms of its financial strength, the company wrote that the over $78 million in cash, equivalents, and short-te...