No injuries and no damage reported in Wembley incident and Met says it is not being treated as terrorism A teenager and two men have been arrested after an attempted arson attack at the offices of a Persian media organisation in north-west London, the Metropolitan police said. Officers on patrol were told at about 8.30pm on Wednesday that an “ignited container” had been thrown towards the site in ...
No injuries and no damage reported in Wembley incident and Met says it is not being treated as terrorism A teenager and two men have been arrested after an attempted arson attack at the offices of a Persian media organisation in north-west London, the Metropolitan police said. Officers on patrol were told at about 8.30pm on Wednesday that an “ignited container” had been thrown towards the site in Wembley, landing in a car park where the fire immediately died out. There were no injuries and no damage was reported. Continue reading...
U.S. Bancorp (NYSE:USB) reported first-quarter 2026 earnings per share of $1.18, up about 15% from the prior year, as growth in both net interest income and fee revenue helped deliver another period of positive operating leverage. Management highlighted broad-based revenue gains across the company’s
U.S. Bancorp (NYSE:USB) reported first-quarter 2026 earnings per share of $1.18, up about 15% from the prior year, as growth in both net interest income and fee revenue helped deliver another period of positive operating leverage. Management highlighted broad-based revenue gains across the company’s
Ciena Corp. continues to see surging demand, and that's likely to send the soaring stock higher still, Bank of America said. The Wall Street bank reiterated its buy rating on the networking system and software company in a report Thursday, while hiking its price target to $550 from $355, a catchup move after Ciena closed at $475.76 on Wednesday. The new target implies nearly 16% upside. Ciena, a d...
Ciena Corp. continues to see surging demand, and that's likely to send the soaring stock higher still, Bank of America said. The Wall Street bank reiterated its buy rating on the networking system and software company in a report Thursday, while hiking its price target to $550 from $355, a catchup move after Ciena closed at $475.76 on Wednesday. The new target implies nearly 16% upside. Ciena, a double in 2026 after nearly tripling last year, is "at the heart of an optical super-cycle," Bank of America analyst Tal Liani wrote. With a backlog of $7 billion, and hyperscaler capital spending exploding, Liani expects demand for network connectivity to grow further this year. "Demand is driven by a few catalysts: sheer bandwidth growth that requires investments in both non-AI and AI data centers (DCs), [and] massive DC buildout in 2026-2028 with opportunities for scale-across interconnect," he wrote. CIEN YTD mountain Ciena has more than doubled in 2026 Although Ciena sells for more than 70 times forward earnings, Liani said the valuation is fair given the acceleration in future growth. The stock is one of the most attractive providers of networking equipment for artificial intelligence, and Ciena continues to grab increased market share, the analyst wrote. "We expect market share of 800G ZR pluggables to increase from about 30% in 2025 to at least 50% in 2026, with the market concurrently expected to grow 10x, representing solid growth opportunity and driving up Ciena's Cloud market share in optical networking beyond current 50% levels," Liani said.
designer491/iStock via Getty Images Investment Overview NewAmsterdam Pharma ( NAMS ) is a Naarden, Netherlands-based Pharma company that joined the Nasdaq in November 2022 via a business combination with Frazier Lifesciences Acquisition Corporation, a special purpose acquisition company ("SPAC")—according to a press release at the time: Proceeds from this transaction were approximately $328 millio...
designer491/iStock via Getty Images Investment Overview NewAmsterdam Pharma ( NAMS ) is a Naarden, Netherlands-based Pharma company that joined the Nasdaq in November 2022 via a business combination with Frazier Lifesciences Acquisition Corporation, a special purpose acquisition company ("SPAC")—according to a press release at the time: Proceeds from this transaction were approximately $328 million, prior to deducting transaction expenses, comprising approximately $93 million in funds from the former FLAC trust account and approximately $235 million from the concurrent, oversubscribed PIPE financing The company uses the following business description in its 2025 annual report/ 10K filing as follows: We seek to fill a significant unmet need for a safe, well tolerated and convenient low-density lipoprotein cholesterol (“LDL-C”) lowering therapy. In multiple Phase 3 trials, we have investigated obicetrapib, an oral, low-dose, once-daily, highly selective cholesteryl ester transfer protein (“CETP”) inhibitor, alone or as a fixed-dose combination (“FDC”) with ezetimibe, as preferred LDL-C lowering therapies to be used as an adjunct to statin therapy for patients at risk of cardiovascular disease (“CVD”) with elevated LDL-C, for whom existing therapies are not sufficiently effective or well tolerated. Additionally, we believe that CETP inhibition may also play a role in other indications by potentially mitigating the risk of developing diseases such as Alzheimer’s disease. Obicetrabip - Progress To Date In December 2024, NAMS stock jumped from ~$7 to ~$22 as the company reported data from a Phase 3 study in patients with established atherosclerotic cardiovascular disease (“ASCVD”). The primary endpoint was the least-squares mean of the percent change in LDL-C from baseline to day 84 for obicetrapib 10 mg compared to placebo, and it was met, obicetrapib achieving a mean 35% change versus 2% for placebo. The press release also noted that: As part of the safety analysis, the...
Applications for US unemployment benefits decreased by 11,000 to 207,000 last week, indicating that layoffs remain largely limited. Enda Curran reports on Bloomberg Television. (Source: Bloomberg)
Applications for US unemployment benefits decreased by 11,000 to 207,000 last week, indicating that layoffs remain largely limited. Enda Curran reports on Bloomberg Television. (Source: Bloomberg)
Guardian investigation uncovers decision by UK security officials to deny clearance before Mandelson took up role as US ambassador Officials debate withholding Mandelson vetting documents from parliament Five key questions: Who overruled the decision to deny Mandelson security clearance? Peter Mandelson failed his security vetting clearance but the decision was overruled by the Foreign Office to e...
Guardian investigation uncovers decision by UK security officials to deny clearance before Mandelson took up role as US ambassador Officials debate withholding Mandelson vetting documents from parliament Five key questions: Who overruled the decision to deny Mandelson security clearance? Peter Mandelson failed his security vetting clearance but the decision was overruled by the Foreign Office to ensure he could take up his post as ambassador to the US, an investigation by the Guardian can reveal. According to multiple sources, Mandelson was initially denied clearance in late January 2025 after a developed vetting process, a highly confidential background check by security officials. Continue reading...
todamo/iStock Editorial via Getty Images Cineplex ( CGX:CA ) rose 5% on a report that Canada's largest movie theater chain is trying to sell itself to rivals. Chief Executive Officer Ellis Jacob has reached out to peers including Regal Cineworld Group and Cinemark Holdings ( CNK ), to gauge their interest in a takeout, according to a Bloomberg report on Wednesday, which cited people familiar with ...
todamo/iStock Editorial via Getty Images Cineplex ( CGX:CA ) rose 5% on a report that Canada's largest movie theater chain is trying to sell itself to rivals. Chief Executive Officer Ellis Jacob has reached out to peers including Regal Cineworld Group and Cinemark Holdings ( CNK ), to gauge their interest in a takeout, according to a Bloomberg report on Wednesday, which cited people familiar with the matter. Talks are at an early stage and may not result in any deal, according to the report. Cineplex, Cineworld and Cinemark declined to comment to Bloomberg. Cineplex ( CGX:CA ) is set to report Q1 results on May 11. More on Cineplex Inc., Cinemark Cinemark Holdings, Inc. (CNK) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript Cinemark Holdings, Inc. (CNK) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Cinemark: Strongest Performer In A Weak Industry Box office buzz: Best quarter in five years fuels hopes for Hollywood comeback Cineplex reports March box office surge
Tesla (TSLA) stock surged by close to 7% on Wednesday, taking its market cap to roughly $1.2 trillion, amid news that its latest AI5 chips were ready to move into production.
Tesla (TSLA) stock surged by close to 7% on Wednesday, taking its market cap to roughly $1.2 trillion, amid news that its latest AI5 chips were ready to move into production.
Former Virginia Lt. Gov. Justin Fairfax And Wife Found Dead In Apparent Murder-Suicide Justin Fairfax, the former lieutenant governor of Virginia, and his wife, Cerina Fairfax, a dentist, were found dead in an apparent murder-suicide at their home shortly after midnight on Thursday, according to Fairfax County police. Justin Fairfax in 2019. He served as Virginia’s lieutenant governor from 2018 to...
Former Virginia Lt. Gov. Justin Fairfax And Wife Found Dead In Apparent Murder-Suicide Justin Fairfax, the former lieutenant governor of Virginia, and his wife, Cerina Fairfax, a dentist, were found dead in an apparent murder-suicide at their home shortly after midnight on Thursday, according to Fairfax County police. Justin Fairfax in 2019. He served as Virginia’s lieutenant governor from 2018 to 2022.Credit...Parker Michels-Boyce for The New York Times Fairfax, 47, shot and killed his wife before turning the gun on himself, Police Chief Kevin Davis said. The couple’s teenage children were home at the time of the shootings. Davis described the deaths as the result of an “ongoing domestic dispute surrounding a complicated or messy divorce.” Court records show that the Fairfaxes had been engaged in divorce proceedings this year. Fairfax, a Democrat, served as Virginia’s lieutenant governor from 2018 to 2022 after winning election in 2017 alongside Gov. Ralph Northam. He largely remained out of the spotlight until 2019, when a series of scandals engulfed the state’s Democratic leadership. The crisis began when old medical school yearbook photos surfaced appearing to show Governor Northam in blackface. As calls mounted for Northam’s resignation, two women came forward to accuse Mr. Fairfax, who would have been next in line for the governorship, of sexual assault. One alleged the assault occurred in 2000 at Duke University; the other said it took place in 2004 at the Democratic National Convention, the NY Times reports. Fairfax denied both allegations - but the accusations effectively stalled momentum to force Northam from office. The situation grew more chaotic when the state attorney general, the third-ranking Democrat in Virginia’s executive branch, admitted he too had worn blackface as a college student. All three men ultimately served out their full terms. Insisting he had done nothing wrong, Fairfax launched a bid for governor in the 2021 Democratic primary. In on...
Cerence Inc. recently expanded its longstanding partnership with BYD to power a new AI- and LLM-based in-car assistant, launching first in the ATTO 2 DM-i and then across other global models with multilingual, real-time information and conversational capabilities. This collaboration underlines how BYD is pairing its international expansion with richer digital experiences inside the vehicle, aiming...
Cerence Inc. recently expanded its longstanding partnership with BYD to power a new AI- and LLM-based in-car assistant, launching first in the ATTO 2 DM-i and then across other global models with multilingual, real-time information and conversational capabilities. This collaboration underlines how BYD is pairing its international expansion with richer digital experiences inside the vehicle, aiming for more natural, localized interactions that support its broader intelligent mobility...
Wall Street's major averages seesawed on Thursday, with the S&P 500 (SP500) and the Nasdaq (COMP:IND) reversing new highs after market sentiment had improved on hopes that the U.S.-Iran war could be over soon. The benchmark S&P 500 ( SP500 ) was last -0.1%, while the heavy-tech Nasdaq Composite ( COMP:IND ) was -0.4%, and the blue-chip Dow ( DJI ) was -0.1%. Over in the bond market, t he benchmark...
Wall Street's major averages seesawed on Thursday, with the S&P 500 (SP500) and the Nasdaq (COMP:IND) reversing new highs after market sentiment had improved on hopes that the U.S.-Iran war could be over soon. The benchmark S&P 500 ( SP500 ) was last -0.1%, while the heavy-tech Nasdaq Composite ( COMP:IND ) was -0.4%, and the blue-chip Dow ( DJI ) was -0.1%. Over in the bond market, t he benchmark 10-year Treasury yield ( US10Y ) was unchanged at 4.27%, while the 2-year Treasury yield ( US2Y ) rose 1 basis point to 3.78%. Crude oil futures ( CL1:COM ) were slightly higher at $93, while Brent ( CO1:COM ) was at $97 per barrel. Multiple media reports said President Donald Trump indicated the “war is close to over,” fueling optimism that easing geopolitical tensions could support risk appetite heading into the session. Trump also said that talks between Israel and Lebanon will take place on Thursday. The U.S. and Iran are expected to return to Pakistan next week for a second round of peace talks, according to two senior Pakistani officials involved in finalizing decisions with both the U.S. and Iranian teams, reports said. On the economic front, t he Philadelphia Fed Manufacturing Index unexpectedly rose in April. The initial jobless claims dipped slightly more than expected in the past week. Also, industrial production decreased by 0.5% MoM in March, against the +0.1% consensus, according to the Federal Reserve. More on the markets S&P 500 To 7,000 And Nasdaq 100 Points To ATH: Are Markets Getting Ahead Of Themselves? New All-Time Highs; Bull Market Confirmed Gold Vs. Debt: Navigating The Historical Shift In Global Central Bank Reserves U.S. Federal Reserve may deliver one cut this year, former chair Yellen says
Pixelimage/iStock via Getty Images Market Review The first quarter was defined by a balance between economic resilience and rising geopolitical and macro uncertainty. Market performance faced headwinds from weakness in Technology/Software (driven by AI disruption concerns) and escalating geopolitical tensions, though supportive macroeconomic conditions helped offset some of the pressure. Labor mar...
Pixelimage/iStock via Getty Images Market Review The first quarter was defined by a balance between economic resilience and rising geopolitical and macro uncertainty. Market performance faced headwinds from weakness in Technology/Software (driven by AI disruption concerns) and escalating geopolitical tensions, though supportive macroeconomic conditions helped offset some of the pressure. Labor market signals were mixed and inflation remained above target, but expectations for earnings growth, fiscal stimulus, and eventual tariff stabilization helped anchor the outlook. Late in the quarter, geopolitical risks intensified as tensions in the Middle East disrupted energy markets and pushed oil prices higher, delaying expectations for rate cuts and introducing near-term inflation risks. Despite this backdrop, the underlying economy remained constructive, supported by solid consumer spending, continued earnings momentum, and expectations for longer-term policy support. Over the quarter, short-term investment grade corporate 2 credit spreads widened by 11 basis points (bps), short-term commercial mortgage-backed securities (CMBS) 3 spreads tightened by 4 bps, and short-term asset backed securities (ABS) 4 spreads were flat. The 2-Year U.S. Treasury yield increased from 3.48% to 3.79% and the 10-Year U.S. Treasury yield moved higher from 4.17% to 4.32% 1 . Portfolio Review The Fund returned 0.20%, reflecting performance at the net asset value (NAV) of Class I shares with all distributions reinvested, for the quarter ended March 31 st , 2026. The Fund's benchmark, the ICE BofA 1-3 Year U.S. Corporate Index 5 returned 0.33% during the same period. The portfolio's rates positioning was the primary detractor from relative performance over the quarter. In particular, the portfolio's modestly longer duration detracted from relative performance as short-term rates moved higher over the quarter. While the portfolio's duration positioning is longer than the benchmark, it is more in ...
Newly public aerospace and defense technology company assembles board combining deep defense leadership, public company governance expertise, and aerospace technical excellence Board of Directors Merlin's Board of Directors at Nasdaq Bell Ringing on March 17, 2026. Photo credit: 2026 Nasdaq, Inc. / Vanja Savic BOSTON, April 16, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and...
Newly public aerospace and defense technology company assembles board combining deep defense leadership, public company governance expertise, and aerospace technical excellence Board of Directors Merlin's Board of Directors at Nasdaq Bell Ringing on March 17, 2026. Photo credit: 2026 Nasdaq, Inc. / Vanja Savic BOSTON, April 16, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today ann