Anthropic caused a stir among developers with what appeared to be a surprise change to its pricing plan: The company signaled that Claude Code, the popular agentic development tool, would no longer be available to subscribers on the $20-per-month Pro plan. Users took to Reddit and X to point out that Anthropic's pricing page for Claude explicitly showed Claude Code as not supported in the Pro plan...
Anthropic caused a stir among developers with what appeared to be a surprise change to its pricing plan: The company signaled that Claude Code, the popular agentic development tool, would no longer be available to subscribers on the $20-per-month Pro plan. Users took to Reddit and X to point out that Anthropic's pricing page for Claude explicitly showed Claude Code as not supported in the Pro plan. (It remained in the $100/month+ Max plan.) New users signing up for Pro subscriptions were unable to access Claude Code. Meanwhile, existing subscribers saw no interruption. After speculation and frustration spread, Anthropic's head of growth, Amol Avasare, took to social media to clarify that this was a "small test on ~2% of new prosumer signups." As for the reasoning, he explained: Read full article Comments
dmitriymoroz/iStock via Getty Images Elevator pitch Here are the puts and takes I see for the business development company [BDC] Hercules Capital, Inc. ( HTGC ): Portfolio growth indicators are strong Increased chances of a rate cut is a headwind but HTGC has reduced the risk somewhat HTGC has significant exposure to the software sector, which is prone to AI disruption HTGC is trading at trough-le...
dmitriymoroz/iStock via Getty Images Elevator pitch Here are the puts and takes I see for the business development company [BDC] Hercules Capital, Inc. ( HTGC ): Portfolio growth indicators are strong Increased chances of a rate cut is a headwind but HTGC has reduced the risk somewhat HTGC has significant exposure to the software sector, which is prone to AI disruption HTGC is trading at trough-level discounts vs its BDC peers but is also at a premium to NAV HTGC is stuck in a big monthly range Portfolio Growth Indicators are Strong HTGC has been securing a greater amount of investment commitments based on the latest data: Pending and closed post-quarter commitments (USD mn) (Company Filings, HA Analysis) Management's commentary is upbeat with a rosy deal environment outlook: our momentum accelerated in Q1 — marked by an all-time high in new debt and equity commitments... We were able to expand commitments to several portfolio companies during Q1 in addition to closing new commitments with 16 new portfolio companies during the first quarter... As we look ahead, we believe we are well positioned to benefit from the current market conditions which are creating a more favorable originations environment in 2026. - CEO Scott Bluestein in HTGC Press Release I expect this lead to continued growth in total portfolio value: Total portfolio fair value (USD mn) (Company Filings, HA Analysis) And this can increase investment income and net interest margin dollars: Net Interest Margin Dollars ($'000s) (Company Filings, HA Analysis) Increased chances of a rate cut is a headwind but HTGC has reduced the risk somewhat Looking forward to the start of next year in Jan'27, the chances of the Fed Funds rate being lower than the current 350-375bps has increased over the past couple of months: Target Fed Funds Rate Probabilities for Jan'27 (CMEFedWatch) This is a headwind for HTGC as lower rates weigh down on net income. But the good news is HTGC has made its portfolio less sensitive to ...
Nordroden Colibrium Additive, a GE Aerospace ( GE ) company, on Wednesday said it received a $31 million contract from the U.S. Naval Air Systems Command, or NAVAIR, to support an initiative aimed at speeding the testing, qualification and certification of metal parts made through additive manufacturing. Colibrium Additive will also deliver three M Line metal 3D printing systems and one M2 Series ...
Nordroden Colibrium Additive, a GE Aerospace ( GE ) company, on Wednesday said it received a $31 million contract from the U.S. Naval Air Systems Command, or NAVAIR, to support an initiative aimed at speeding the testing, qualification and certification of metal parts made through additive manufacturing. Colibrium Additive will also deliver three M Line metal 3D printing systems and one M2 Series 5 printer (GE Aerospace) The program is intended to improve operational readiness by helping the Navy qualify replacement and new components more quickly, while reducing dependence on traditional supply chains for critical aviation parts. Under the agreement, Colibrium Additive will provide six metal alloy Material Process Combinations, or MPCs, which include physical and mechanical property data used to qualify materials and manufacturing methods. The company will also optimize process parameters, consolidate specifications and establish design allowables for tested properties. The scope includes expanding existing data packages for AlSi7Mg and IN718 alloys, while adding new packages for 17-4PH and 7050-RAM2. Those materials will join an existing portfolio that includes 316L stainless steel, cobalt-chrome and Ti64 titanium alloy. The contract also calls for thin-wall fatigue characterization work to assess the durability and service life of lightweight geometries often used in aerospace applications. That testing is intended to support qualification of additively manufactured structural components for aviation use. To support the effort, Colibrium Additive will supply three M Line metal 3D printing systems and one M2 Series 5 printer. The company will also provide engineering and support services that include material characterization data, manufacturing instructions and selected specifications for Navy components. In addition, the program includes training for personnel involved in manufacturing, quality assurance, design, materials engineering and machine operation. The ...
Polymarket traders are betting big money on long-shot presidential candidates like Musk and Zohran Mamdani. Both are constitutionally prohibited from the presidency.
Polymarket traders are betting big money on long-shot presidential candidates like Musk and Zohran Mamdani. Both are constitutionally prohibited from the presidency.
OpenAI ( OPENAI ) introduced the ability to use workspace agents inside ChatGPT on Wednesday, powered by its Codex coding agent. The workspace agents will let users do much of their work-related tasks, such as preparing reports, responding to messages, and writing code, all inside ChatGPT, OpenAI said. “They run in the cloud, so they can keep working even when you’re not,” the generative artificia...
OpenAI ( OPENAI ) introduced the ability to use workspace agents inside ChatGPT on Wednesday, powered by its Codex coding agent. The workspace agents will let users do much of their work-related tasks, such as preparing reports, responding to messages, and writing code, all inside ChatGPT, OpenAI said. “They run in the cloud, so they can keep working even when you’re not,” the generative artificial intelligence company said on its website . “They’re also designed to be shared within an organization, so teams can build an agent once, use it together in ChatGPT or Slack, and improve it over time.” Workspace agents are currently available in research preview in the ChatGPT Business, Enterprise, Edu, and Teachers plans. They will be free until May 6, 2026, when OpenAI said credit-based pricing will start. More on OpenAI Nadella's Flip-Flop OpenAI's Dilemma Wall Street Lunch: ChatGPT Tops 800M Weekly Active Users OpenAI introduces Privacy Filter model Robinhood Ventures fund invests $75M in OpenAI
USA Rare Earth Inc. ’s $2.8 billion acquisition of Brazil’s Serra Verde Group is a step toward US independence from China for rare earth metals, said Chief Executive Officer Barbara Humpton . “We’re at the very early innings of this,” Humpton said Wednesday on the weekly Bloomberg Deals show. “China set this as an objective decades ago,” Humpton said. “They declared the Middle East has oil, China ...
USA Rare Earth Inc. ’s $2.8 billion acquisition of Brazil’s Serra Verde Group is a step toward US independence from China for rare earth metals, said Chief Executive Officer Barbara Humpton . “We’re at the very early innings of this,” Humpton said Wednesday on the weekly Bloomberg Deals show. “China set this as an objective decades ago,” Humpton said. “They declared the Middle East has oil, China has rare earths and now we’ve seen how that monopoly has been used for statecraft.” USA Rare Earth is paying $300 million in cash and issuing about 126.8 million shares to buy Serra Verde, which owns the only producing rare-earths mine in Brazil. The transaction comes as the US and its allies scramble to secure alternative supplies of rare-earth elements, a market long dominated by China. The minerals are used in high-strength magnets employed in consumer electronics, cars and defense systems. The Serra Verde tie-up marks a remarkable turn for USA Rare Earth, which has no operating mine but has swiftly vaulted into multibillion-dollar dealmaking. The Oklahoma-based company signed a non-binding agreement with the US Commerce Department in January for $1.6 billion in funding, a pact that aims to support the firm’s spending on mining, processing and magnet manufacturing. Read More: USA Rare Earth to Buy Brazilian Miner in $2.8 Billion Deal USA Rare Earth is betting the Serra Verde acquisition will help it build a vertically integrated platform spanning mining, separation, metalization and magnet manufacturing. The Brazilian company operates a large ionic clay deposit capable of producing key magnet rare earths, including scarcer heavy elements. Humpton said USA Rare Earth plans to increase domestic production, for example, via mining operations in Texas, a separation facility in Colorado and magnet-making plant in Stillwater, Oklahoma. The company is focused on growing organically to grow the value chain, benefiting from demand from magnet makers in search of a reliable supply...
Palantir (NASDAQ: PLTR) has a reputation for being an overvalued stock. It came by that reputation honestly, as it truly was one of the most expensive stocks on the market by the standard valuation metrics for a while. However, with the stock now down by around 30% from its all-time high, is it still overvalued, or might it actually have entered buying territory? Image source: The Motley Fool. Pal...
Palantir (NASDAQ: PLTR) has a reputation for being an overvalued stock. It came by that reputation honestly, as it truly was one of the most expensive stocks on the market by the standard valuation metrics for a while. However, with the stock now down by around 30% from its all-time high, is it still overvalued, or might it actually have entered buying territory? Image source: The Motley Fool. Palantir didn't soar to a lofty premium for no reason. It is one of the premier AI application companies and has been integrating AI into its products since its inception. Originally, its products were tailored for government use and saw heavy utilization in the military and intelligence sectors. Even now, they are seeing massive use in these areas, and they have been heavily utilized during the Iran war. Palantir eventually expanded into other government use cases and into the commercial world as well. While government revenue still accounts for the majority of Palantir's top line, commercial revenue is now a significant part of the business. Continue reading
Rep. Seth Magaziner (R) Rhode Island said Anthropic is doing the right think by warning the world about what they discovered about Mythos and working with the Pentagon, but that Congress needs to develop a federal framework for AI. A small group of unauthorized users have accessed Anthropic PBC’s new Mythos AI model, a technology that the company says is so powerful it can enable dangerous cyberat...
Rep. Seth Magaziner (R) Rhode Island said Anthropic is doing the right think by warning the world about what they discovered about Mythos and working with the Pentagon, but that Congress needs to develop a federal framework for AI. A small group of unauthorized users have accessed Anthropic PBC’s new Mythos AI model, a technology that the company says is so powerful it can enable dangerous cyberattacks, according to a person familiar with the matter and documentation viewed by Bloomberg News. A handful of users in a private online forum gained access to Mythos on the same day that Anthropic first announced a plan to release the model to a limited number of companies for testing purposes, said the person, who asked not to be named for fear of reprisal. The group has been using Mythos regularly since then, though not for cybersecurity purposes, said the person. (Source: Bloomberg)
mohd izzuan/iStock via Getty Images Danaher ( DHR ) had another somewhat uneventful quarter. Looking at Danaher’s numbers every quarter is a stark reminder of just how anemic the growth has proved to be for a company that enjoys some supposedly secular tailwinds. Even if you adjust for their spin-off of Environmental & Applied Solutions segment in 2023, their topline in 1Q’23 would be $5.95 Billio...
mohd izzuan/iStock via Getty Images Danaher ( DHR ) had another somewhat uneventful quarter. Looking at Danaher’s numbers every quarter is a stark reminder of just how anemic the growth has proved to be for a company that enjoys some supposedly secular tailwinds. Even if you adjust for their spin-off of Environmental & Applied Solutions segment in 2023, their topline in 1Q’23 would be $5.95 Billion. Three years later in 1Q’26, their topline remains the same: $5.95 Billion! Source: Company Filings, MBI Deep Dives, Daloopa The picture is similar in their biotechnology segment. The inventory destocking that affected them in 2023-24 period is clearly behind them, but growth is still uninspiring at ~6-7%. Sartorius Stedim Biotech ( SDMHF ), which is more of a pure-play bioprocessing comp, will announce their earnings tomorrow, but their trend has been somewhat similar over the last few years. But there are signs that we may see a better growth trajectory in the second half and beyond. I will particularly highlight management’s commentary on order growth: Equipment declined modestly in Q1, but we were encouraged to see orders growth of more than 30%, marking the first quarter of year-over-year equipment order growth in nearly 2 years. QoQ decline is not surprising since there is some seasonality to it, but if order growth continues at a sustained pace, Danaher’s bioprocessing business should return to comfortable double digit growth. Source: Company Filings, MBI Deep Dives, Daloopa Margin in biotechnology segment improved YoY to reach 42.7% in 1Q’26. For context, margin in this segment peaked at 46.4% in 2021. Source: Company Filings, MBI Deep Dives, Daloopa Life Sciences segment’s core revenue grew at only 0.5% despite having an easy comp of -4% in 1Q’25. At least, that’s better than the Diagnostics segment whose core revenue declined by 4% in 1Q’26 despite, again, pretty easy comp of -1.5% in 1Q’25. I won’t bore you with details of headwinds described by management, but...
Olivier Le Moal/iStock via Getty Images Introduction After my recent rating upgrade back in February this year , it didn't take long before shareholders received news that Sila Realty Trust ( SILA ) announced a definitive merger agreement with certain affiliates of Blue Owl Capital ( OWL ) to get bought out at an all-cash deal valued at $2.4 billion. Author's previous article on SILA SILA began tr...
Olivier Le Moal/iStock via Getty Images Introduction After my recent rating upgrade back in February this year , it didn't take long before shareholders received news that Sila Realty Trust ( SILA ) announced a definitive merger agreement with certain affiliates of Blue Owl Capital ( OWL ) to get bought out at an all-cash deal valued at $2.4 billion. Author's previous article on SILA SILA began trading on the New York Stock Exchange back in 2024, so after a brief existence as a publicly traded REIT, it already got scooped up. After looking at this specific deal, I will make the case that REITs are currently undervalued by a pretty decent margin. A topic that I will incorporate in my upcoming REIT articles more frequently by providing "potential sale valuations". I believe that investing is even more interesting when the market is not valuing things correctly, potentially providing life-changing opportunities when you go against the herd and buy into cheaply traded REITs before a mean reversion will inevitably happen. Analyzing the lucrativeness of the deal Cash net operating income (NOI) for SILA (during Q1) came in at $41.2 million. A $35.3 million inpatient rehabilitation facility was purchased, and after Q1, another $23.5 million purchase of a rehab facility was done. Sila Realty Trust Announces First Quarter 2025 Results (CORRECTED) We know what the buyer paid for SILA, so in order to see how lucrative the purchase price was, we can do a cap-rate analysis: Affiliates of Blue Owl Real Estate Capital are set to buy all outstanding shares of Sila Realty Trust for $30.38 per share. Cap-rate analysis When we take the Q1 cash NOI and annualize this number, we arrive at $164.8 million in cash NOI. $164.8 million / $2.4 billion gives us a cap rate of 6.9%. A cap-rate gives you the annual return that potential buyers want to earn when they own the property. The lower the cap rate, the better the perceived quality of the property. OWL paid $2.4 billion for assets expected...
Editor's note: Seeking Alpha is proud to welcome The Night Owl Investor as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » OGULCAN AKSOY/iStock Editorial via Getty Images Abercrombie & Fitch ( ANF ) is a fashion r...
Editor's note: Seeking Alpha is proud to welcome The Night Owl Investor as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » OGULCAN AKSOY/iStock Editorial via Getty Images Abercrombie & Fitch ( ANF ) is a fashion retailer that operates mainly under the brands Abercrombie and Hollister. Abercrombie targets a more mature demographic, while Hollister focuses on younger consumers. Over the past few years, the retailer has made a comeback by improving its product offerings and reconnecting with consumers. Steady sales growth was the result. The key question now is whether this growth can continue. This article looks at recent sales trends and what they mean for the business performance in a competitive retail environment. While the turnaround has clearly been strong, it's still not entirely clear whether the growth is coming from real demand or simply from expanding into new markets. Given this uncertainty, we believe a Hold rating is supported at current levels. Business Model and Strategy The business itself is fairly straightforward. Abercrombie & Fitch operates through both physical stores and online channels. With revenue coming from a mix of retail, e-commerce, and wholesale. The company divides its operations into three geographic segments: Americas, EMEA, and APAC. The management's approach focuses on achieving steady global growth and investing in digital channels and partnerships. All while maintaining financial discipline and aiming for double-digit operating margins. Sales In the latest quarter , Abercrombie & Fitch saw a 5.4% total year-over-year sales increase. Most of that growth is coming from Hollister, which was up by 6.3%, while Abercrombie grew by 4.4%. While total sales increased, the comparable sales were much lower. Much of the increase is coming from new store open...
honglouwawa/iStock via Getty Images By Elior Manier US stock benchmarks experienced a sharp correction yesterday, dragged down by reappearing angst over a collapsing US-Iran ceasefire and incoming Fed Chair Kevin Warsh’s hawkish Senate hearing. However, President Trump quickly swooped in to save the day, announcing yet another short-term extension to the fragile truce. While Trump has yet to set a...
honglouwawa/iStock via Getty Images By Elior Manier US stock benchmarks experienced a sharp correction yesterday, dragged down by reappearing angst over a collapsing US-Iran ceasefire and incoming Fed Chair Kevin Warsh’s hawkish Senate hearing. However, President Trump quickly swooped in to save the day, announcing yet another short-term extension to the fragile truce. While Trump has yet to set an official timeline for this new ceasefire extension, recent reports suggest that high-stakes talks with the Iranian delegation are now possible by Friday . This crucial geopolitical lifeline allowed investors to aggressively buy the dip and erase the pain from yesterday's selloff. By doing so, buyers successfully voided the ominous double-top formation that was threatening the Nasdaq, sending the tech-heavy index skyrocketing back to fresh all-time highs - the S&P 500 is still threatened by its double top, however. Technology continues to relentlessly lead the broader market. The Nasdaq is currently outperforming all other global benchmarks as US bulls keep flexing their insatiable risk appetite. This tech-led rally is directly spilling over into the crypto space as well, with Bitcoin surging to new highs and closing in fast on the massive $80,000 milestone. Expect volatility to remain elevated as markets eagerly await further confirmation regarding Friday's potential diplomatic meetings and traders will have to see proper developments to maintain the current optimism. Let's dive into intraday charts and trading levels for the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500. Current Session's Stock Heatmap Current picture for the stock market (11:21) - April 22, 2026 (Source: TradingView) The stock market is mostly green, but under some heavy sectorial inequality as investors still focus on local targeted plays, with a preference for value in the already high-cap Magnificent 7s, outperforming all other stocks and helping to propel Nasdaq on top. Dow Jones 2H Ch...
Oil prices are moving higher today after Iran attacked and seized several ships in the Strait of Hormuz. This escalation came less than a day after President Trump announced an indefinite extension of the ceasefire agreement. Iran has yet to reopen the Strait of Hormuz due to the U.S. Navy blockade of Iranian-linked ships. While President Trump is seeking a diplomatic end to the war, recent hostil...
Oil prices are moving higher today after Iran attacked and seized several ships in the Strait of Hormuz. This escalation came less than a day after President Trump announced an indefinite extension of the ceasefire agreement. Iran has yet to reopen the Strait of Hormuz due to the U.S. Navy blockade of Iranian-linked ships. While President Trump is seeking a diplomatic end to the war, recent hostilities make a resumption of fighting an increasing possibility. If that happens, it could fuel a surge in oil stocks . Image source: Getty Images. Continue reading