Rallybio ( RLYB ) is up ~27% in Monday morning trading after announcing it will acquire Candid Therapeutics, which is focused on T-cell engager therapies for autoimmune diseases. The boards of both companies have approved the deal, which is expected to close midyear. A syndicate of healthcare institutional investors and mutual funds has also agreed to invest $505M in private financing in Candid. O...
Rallybio ( RLYB ) is up ~27% in Monday morning trading after announcing it will acquire Candid Therapeutics, which is focused on T-cell engager therapies for autoimmune diseases. The boards of both companies have approved the deal, which is expected to close midyear. A syndicate of healthcare institutional investors and mutual funds has also agreed to invest $505M in private financing in Candid. Once completed, the combined company will operate under the name Candid Therapeutics with the ticker "CDRX." Candid has two assets in phase 1: cizutamig and CND261 for, respectively, multiple myeloma and non-Hodgkin's lymphoma. More on Rallybio Seeking Alpha’s Quant Rating on Rallybio Historical earnings data for Rallybio Financial information for Rallybio
Sanjay Jhamna, JPMorgan Chase's global head of credit trading, says generative AI is already impacting private credit during an interview with Lisa Abramowicz at the bank's annual leveraged-finance conference in Miami. (Source: Bloomberg)
Sanjay Jhamna, JPMorgan Chase's global head of credit trading, says generative AI is already impacting private credit during an interview with Lisa Abramowicz at the bank's annual leveraged-finance conference in Miami. (Source: Bloomberg)
S&P Global's final read on February U.S. Manufacturing PMI was 51.6, higher than the initial estimate of 51.2 and 52.4 recorded in January, according to data released on Monday. "February saw U.S. manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," said Chris Williamson, chief business economist at ...
S&P Global's final read on February U.S. Manufacturing PMI was 51.6, higher than the initial estimate of 51.2 and 52.4 recorded in January, according to data released on Monday. "February saw U.S. manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," said Chris Williamson, chief business economist at S&P Global Market Intelligence. Both output and new orders rose at slower rates, in part due to extreme weather but also due to tariffs impacting international trade, said the report by S&P Global. Tariffs also underpinned another round of steep cost inflation, albeit at a level that remained lower than peaks recorded in 2025. Selling price inflation fell to a 14-month low as competition limited the pass-through of costs to clients, according to the report. However, business optimism regarding the year ahead strengthened in February, with firms registering the greatest degree of positive sentiment since June last year, noted the report. More on U.S. Economy SA Asks: Which companies could receive tariff refunds? UBS cuts US equities to benchmark, boosts emerging markets on dollar and growth outlook
Fidelity Investments , the world’s third-largest asset manager, reported a record year, with assets in its funds rising by more than $1 trillion and revenue jumping 15% since 2024. Assets under management, which are held in Fidelity’s own investment funds and managed accounts, hit $7.1 trillion in 2025 from $5.9 trillion the prior year, the Boston-based firm said Monday in its annual report . Reve...
Fidelity Investments , the world’s third-largest asset manager, reported a record year, with assets in its funds rising by more than $1 trillion and revenue jumping 15% since 2024. Assets under management, which are held in Fidelity’s own investment funds and managed accounts, hit $7.1 trillion in 2025 from $5.9 trillion the prior year, the Boston-based firm said Monday in its annual report . Revenue jumped to a record $37.7 billion. Fidelity now manages and administers $18 trillion across different businesses. The asset manager’s results were boosted by a strong stock market and higher interest rates, the firm said. Fidelity is preparing for its “next wave of growth” by launching new tools, including adding electronic fund transfers through Stripe , Chief Executive Officer and Chair Abigail Johnson said in the report. The firm was an early crypto adopter and enhanced its offerings this year by launching Fidelity Crypto for individual retirement accounts, she said in the letter. Unlike rivals such as BlackRock Inc. and Vanguard Group , 80-year-old Fidelity has a number of adjacent revenue-generating businesses outside asset management, including brokerage services as well as health record-keeping and administration for 401(k)s. This diversification has helped the firm counteract the struggles that have plagued active asset managers, including outflows and squeezed margins as investors gravitate to lower-cost index funds. During Johnson’s more than 10 years atop the firm, Fidelity has expanded its offerings in alternative assets, including by building custom model portfolios with such investments for wealth-management firms.
亚马逊 表示，将在2035年底前投资337亿欧元（约合398.2亿美元），以加强其在西班牙的云和数据中心基础设施。这是这家科技公司的最新投资承诺，目前其正寻求从对人工智能的持续需求中获利。 该集团的云计算部门亚马逊云科技（Amazon Web Services）在巴塞罗那举行的世界移动通信大会（Mobile World Congress）上宣布了这一消息，称其将在该公司2024年宣布的157亿欧元...
JPMorgan Chase & Co. is set to formally start the process next week of selling syndicated debt for the record leveraged buyout of Electronic Arts Inc. , according to a person familiar with the matter. The largest US bank is hosting a leveraged finance conference in Miami Beach this week, where Andrew Wilson , Electronic Arts’ chief executive officer, will take meetings with some of the largest spe...
JPMorgan Chase & Co. is set to formally start the process next week of selling syndicated debt for the record leveraged buyout of Electronic Arts Inc. , according to a person familiar with the matter. The largest US bank is hosting a leveraged finance conference in Miami Beach this week, where Andrew Wilson , Electronic Arts’ chief executive officer, will take meetings with some of the largest speculative-grade debt investors for anchor commitments on the financing, which will be about $20 billion in total, said the person, who asked not to be named because the information isn’t public. The investors are expected to commit at least $500 million to anchor the syndicated deal, which will begin premarketing on March 9 and be denominated in dollars and euros, the person added. A representative for JPMorgan declined to comment. A representative for Electronic Arts didn’t immediately respond to a request for comment. Semafor earlier reported some details of the investor meetings. The blockbuster $55 billion leveraged buyout of Electronic Arts by private equity firm Silver Lake Management , Saudi Arabia’s Public Investment Fund and Affinity Partners was seen as a turning point for reviving large private equity deals that have dried up in recent years because of higher interest rates. But the first two months of 2026 have been marked with new challenges, from geopolitical turmoil to anxiety over how artificial intelligence will upend existing business models. The timing is now even trickier, with conflict in the Middle East this week sparking a selloff in global stocks and sending gauges of credit risk higher. Read more: Global Bond Binge Disrupted After Mideast War Raises Credit Risk Given the size of the debt financing and volatile markets, JPMorgan has been keeping the final deal structure and timing flexible. Bloomberg reported in January that the bank had already begun selling a term loan A of roughly $3 billion for the video-game maker, largely to Middle Eastern, Asia...
It’s a regrettable reality that there is never enough time to cover all the interesting scientific stories we come across each month. So every month, we highlight a handful of the best stories that nearly slipped through the cracks. February’s list includes the revival of a forgotten battery design by Thomas Edison that could be ideal for renewable energy storage; a snap-on device to turn those bo...
It’s a regrettable reality that there is never enough time to cover all the interesting scientific stories we come across each month. So every month, we highlight a handful of the best stories that nearly slipped through the cracks. February’s list includes the revival of a forgotten battery design by Thomas Edison that could be ideal for renewable energy storage; a snap-on device to turn those boxers into "smart underwear" to measure how often we fart; and a dish of neurons playing Doom , among other highlights. Reviving Edison's battery design Credit: Maher El-Kady/UCLA At the onset of the 20th century, electric cars powered by lead-acid batteries outnumbered gas-powered cars. The internal combustion engine ultimately won out, in part because those batteries had a range of just 30 miles. But Thomas Edison believed a nickel-iron battery could extend that range to as much as 100 miles, while also having a long life and recharging times of seven hours. An international team of scientists has revived Edison's concept of a nickel-iron battery and created their own version, according to a paper published in the journal Small. Read full article Comments
‘I’m grateful to Taylor Swift, and others who have covered it, for introducing it to a new generation. Three billion streams on Spotify is astonishing!’ I was going through a divorce and living in a hotel in West Hollywood when my manager said Warner Brothers were seeking songs for the movie City of Angels. They already had U2, Peter Gabriel and Alanis Morissette, so I thought getting a track on t...
‘I’m grateful to Taylor Swift, and others who have covered it, for introducing it to a new generation. Three billion streams on Spotify is astonishing!’ I was going through a divorce and living in a hotel in West Hollywood when my manager said Warner Brothers were seeking songs for the movie City of Angels. They already had U2, Peter Gabriel and Alanis Morissette, so I thought getting a track on there would draw attention to us. Warners showed me the film and it was like Wim Wenders’ Wings of Desire . They wanted a song for the scene where the angel – played by Nicolas Cage – decides to become human to be with the woman he loves. That’s the Meg Ryan role. I thought: “What would I say to her if I were him?” Continue reading...
On February 17, 2026, Gates Capital Management, Inc. disclosed a buy of 6,594,086 shares of TIC Solutions (NYSE:TIC) , with an estimated transaction value of $73.41 million based on quarterly average pricing. According to a SEC filing dated February 17, 2026, Gates Capital Management, Inc. increased its position in TIC Solutions (NYSE:TIC) by 6,594,086 shares during the fourth quarter. The estimat...
On February 17, 2026, Gates Capital Management, Inc. disclosed a buy of 6,594,086 shares of TIC Solutions (NYSE:TIC) , with an estimated transaction value of $73.41 million based on quarterly average pricing. According to a SEC filing dated February 17, 2026, Gates Capital Management, Inc. increased its position in TIC Solutions (NYSE:TIC) by 6,594,086 shares during the fourth quarter. The estimated value of the incremental shares acquired was $73.41 million, calculated using the average closing price for the quarter. The fund’s quarter-end position stood at 14,836,121 shares, with a reported value of $149.99 million, a net position change of $40.29 million from the prior period. TIC Solutions delivers technical testing and inspection services to a broad range of clients in the U.S. and Canada. Its business model centers on providing specialized expertise for quality and compliance needs in critical infrastructure and industrial sectors. Continue reading
Palantir Rises on Mideast Conflict. It’s Acting Like a Defense Stock. Barron's Palantir: The U.S.-Iran Conflict Validates Its Unstoppable AI Military Moat (NASDAQ:PLTR) Seeking Alpha Palantir’s Miami Move Raises Fresh Questions For Valuation And Growth Yahoo Finance
Palantir Rises on Mideast Conflict. It’s Acting Like a Defense Stock. Barron's Palantir: The U.S.-Iran Conflict Validates Its Unstoppable AI Military Moat (NASDAQ:PLTR) Seeking Alpha Palantir’s Miami Move Raises Fresh Questions For Valuation And Growth Yahoo Finance
What is likely to happen now that the US has been given permission to use British bases for a ‘specific and limited defensive purpose’ US-Israel war on Iran – live updates What we know so far on day three of the Iran war Britain has rapidly been dragged into the war in the Middle East, with Keir Starmer concluding that involvement was inevitable because of Iranian retaliation, regional alliances –...
What is likely to happen now that the US has been given permission to use British bases for a ‘specific and limited defensive purpose’ US-Israel war on Iran – live updates What we know so far on day three of the Iran war Britain has rapidly been dragged into the war in the Middle East, with Keir Starmer concluding that involvement was inevitable because of Iranian retaliation, regional alliances – and a repeated US request for help. In doing so, the prime minister has changed his mind and concluded that what was once an illegal war has become in some respects, legal. Continue reading...