Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Survey Monday Given economic risks posed by a shrinking fertility rate in the U.S., what is the best strategy for maintaining long-term portfolio growth? Click here to take the poll and don't forget to share your thoughts in the WSB comments section . Good mo...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Survey Monday Given economic risks posed by a shrinking fertility rate in the U.S., what is the best strategy for maintaining long-term portfolio growth? Click here to take the poll and don't forget to share your thoughts in the WSB comments section . Good morning! Here's the latest in trending: Eye on energy: Oil surges past $100 as the U.S. imposes an Iran blockade , though Trump says gas prices could stay high through November . Landslide win: There's a new leader in Hungary after 16 years, who has promised to restore ties with the EU. Earnings season: Goldman Sachs ( GS ) kicks off the festivities , with trading desks poised for a $40B quarter . Baby boom to bust The U.S. fertility rate has dropped to the lowest level ever recorded , according to fresh data from the Centers for Disease Control and Prevention. About 3.6M babies were born in the U.S. in 2025, translating into 53 births for every 1,000 women of reproductive age. That's nearly 20% lower than it was two decades ago, with half of all American women now reaching the age of 30 without becoming mothers. Times have changed: It wasn't that long ago that demographers were worried about overpopulation and economic scarcity. In fact, that seemed to be the prevailing worldview for decades and only inverted over the last several years. Many women are now waiting longer for children, having less than the replacement rate, or choosing not to have kids at all. If the clampdown on immigration also continues, the total U.S. population is expected to peak around 2029 or 2030, and begin a permanent decline thereafter. That'll have many profound effects, with few solutions in store to reverse the decline. Since the baby boom after World War II, America has primarily lived in a youth culture that encouraged risk-taking and new businesses that built the economy. It's now sharply piv...
(RTTNews) - Bedding provider Somnigroup International Inc. (SGI) Monday announced a definitive agreement to acquire Leggett & Platt, Inc. (LEG) in a transaction worth $2.5 blillion. The combination is expected to be accretive to adjusted earnings per share before synergies in the
(RTTNews) - Bedding provider Somnigroup International Inc. (SGI) Monday announced a definitive agreement to acquire Leggett & Platt, Inc. (LEG) in a transaction worth $2.5 blillion. The combination is expected to be accretive to adjusted earnings per share before synergies in the
ImageneBio ( IMA ) has entered into a definitive securities purchase agreement with certain institutional investors in a private placement that is expected to result in gross proceeds of around $30M. Pursuant to the terms of the securities purchase agreement , Imagene is selling pre-funded warrants to purchase up to 5,770,335 shares at a price of $5.199 per pre-funded warrant. The pre-funded warra...
ImageneBio ( IMA ) has entered into a definitive securities purchase agreement with certain institutional investors in a private placement that is expected to result in gross proceeds of around $30M. Pursuant to the terms of the securities purchase agreement , Imagene is selling pre-funded warrants to purchase up to 5,770,335 shares at a price of $5.199 per pre-funded warrant. The pre-funded warrants will have an exercise price of $0.001 per share. The financing is being led by a new investor, Coastlands Capital, and includes participation from additional new investors, including Trails Edge Capital Partners, and existing investors, including Omega Funds and OrbiMed. The company plans to use the proceeds from the offering to support further development of IMG-007 in alopecia areata and late-stage development activities in atopic dermatitis. More on ImageneBio, Inc. Historical earnings data for ImageneBio, Inc. Financial information for ImageneBio, Inc.
(RTTNews) - BMO Financial Group (BMO, BMO.TO) announced Monday new partnerships with Quantum Industry Canada (QIC) and the Chicago Quantum Exchange (CQE), to strengthen the bank's engagement with leading quantum research, industry and policy organizations.
(RTTNews) - BMO Financial Group (BMO, BMO.TO) announced Monday new partnerships with Quantum Industry Canada (QIC) and the Chicago Quantum Exchange (CQE), to strengthen the bank's engagement with leading quantum research, industry and policy organizations.
Ineos Grenadier SUV Courtesy Ineos Automotive An automotive startup founded by a knighted billionaire, U.K. chemical mogul and minority owner of one of the world's most prominent soccer clubs wants to rekindle the rugged SUV market. The company — Ineos Automotive — has produced more than 35,000 off-road SUVs and pickups since starting in 2022, with ambitious growth plans that include potentially e...
Ineos Grenadier SUV Courtesy Ineos Automotive An automotive startup founded by a knighted billionaire, U.K. chemical mogul and minority owner of one of the world's most prominent soccer clubs wants to rekindle the rugged SUV market. The company — Ineos Automotive — has produced more than 35,000 off-road SUVs and pickups since starting in 2022, with ambitious growth plans that include potentially expanding vehicle production to the U.S. and a target this year to achieve breakeven, executives exclusively told CNBC. "We're running it for success. We're running it for profitability," Ineos CEO Lynn Calder told CNBC in an interview. "We're just doing it really efficiently, and I think that that will allow us to, with not very much more sales, actually, to make it to breakeven." Ineos on Monday is set to announce a record number of orders for its flagship, gas- and diesel-powered Grenadier 4x4 vehicles during the first quarter, setting it up for a "great start" to the year, Calder said. The company's plans this year include growing sales in the U.S. — its largest market — by roughly 30% to 35% year over year, while further expanding awareness and sales globally after supply chain disruptions, tariffs and other issues affected its business last year. Ineos Automotive CEO Lynn Calder Courtesy Ineos Automotive That's easier said than done, with increasing competitiveness in the global automotive industry, which is capital intensive. Most automotive startups, particularly all-electric vehicle companies, have gone bankrupt after burning through billions of dollars in capital. "We've been quietly getting on, building a company, getting things right, learning as a new startup … to get to the stage where we're ready to grow. And that's kind of where we are now," Ineos Automotive Chief Commercial Officer Mike Whittington said during a separate interview. U.S. production, expansion The carmaker, a subsidiary of multinational conglomerate and one of the world's largest chemical prod...
Yongyuan Dai/DigitalVision via Getty Images Introduction But I'll say this, as most of you probably know, I spent decades trying to convince people to be long-term investors, and I haven't convinced one person yet. They all want to trade. - Murray Stahl (August 19, 2025), via UnhedgedChatter . I have often said that the stock market has become incredibly tricky. In fact, it’s the main reason why I...
Yongyuan Dai/DigitalVision via Getty Images Introduction But I'll say this, as most of you probably know, I spent decades trying to convince people to be long-term investors, and I haven't convinced one person yet. They all want to trade. - Murray Stahl (August 19, 2025), via UnhedgedChatter . I have often said that the stock market has become incredibly tricky. In fact, it’s the main reason why I do the work that I do, as we are dealing with so many factors that have turned what used to be rather straightforward business cycles into complex puzzles. Inflation is still a problem, geopolitical tensions have been sky-high for years, including multiple wars that have all impacted the market and economic numbers, we’re dealing with unprecedented disruption risks from AI, and countless other things that are all connected in some way. Dealing with all of this requires a solid strategy and an even stronger mindset. A big part of my investment journey was following Murray Stahl. What Warren Buffett is to many is what Murray Stahl was to me, a very successful investor I admired for his approach. As you may have noticed, I used the past tense here, as Murray Stahl sadly and unexpectedly passed away on April 7. According to the Seeking Alpha news article: Horizon Kinetics ( HKHC ) on Wednesday announced with deep sorrow that Murray Stahl, the company's chairman, and chief executive officer, passed away suddenly on April 7, 2026. Murray co-founded Horizon Kinetics in 1994. He was instrumental in transforming it into a publicly traded company with a market capitalization of approximately $600M, an impeccable and debt-free balance sheet, and a portfolio built for the long horizon. Murray's dedication, wisdom, and leadership will be felt for generations to come, the company said. - Seeking Alpha . If you are familiar with my work, you know that I have used various aspects of his research and approach in my work, including the Equity Yield Curve, which I covered in an in-depth arti...
Dmytro_Ostapenko/iStock via Getty Images Introduction Organon & Co. ( OGN ) has been one of the few deep value picks that I wrote about in recent years here on Seeking Alpha. As is all too often the case with such stocks, they tend to exhibit a lot of volatility in reaction to unforeseen developments. In the case at hand, it was in particular the questionable sales practices revealed in October of...
Dmytro_Ostapenko/iStock via Getty Images Introduction Organon & Co. ( OGN ) has been one of the few deep value picks that I wrote about in recent years here on Seeking Alpha. As is all too often the case with such stocks, they tend to exhibit a lot of volatility in reaction to unforeseen developments. In the case at hand, it was in particular the questionable sales practices revealed in October of 2025 that sent the stock plummeting. In my last article , I shared my assessment of the findings of the audit committee's investigation into this matter and their implications for the investment thesis, particularly in light of the company's high debt. Last Friday morning, news about a takeover bid for the troubled women's health and biosimilars-focused pharma company surfaced, sending Organon shares up almost 30% for the day. At the time of writing, OGN stock is trading at $9.01. In view of the fact that the bidder, Mumbai-based generic drugmaker Sun Pharmaceutical Industries (abbreviated as SPI herein), apparently made a $12 billion binding offer, I think it makes a lot of sense to assess what this means on a per-share basis. Analysts, such as Navann Ty from BNP Paribas, were quick to argue that an enterprise value of $12 billion could imply a price per share of $15. This would mean a further upside of 67%, so it's probably worth taking a speculative long position in OGN stock. However, as I will explain in this update, it makes sense to dig a little deeper than just doing a simple back-of-the-napkin calculation. After all, Organon's balance sheet contains a number of items that could potentially be factored into SPI's offer, thereby altering the implied equity valuation. On a side note: This update covers several technicalities that may not be of interest, depending on how deeply you wish to delve into the subject. While I believe the article offers several interesting insights, those not interested in such technical details can skip directly to the last section of the ...
Josh Harris ’ 26North Partners collected almost $6 billion for its debut private equity strategy, a US record for a first-time fundraising. The total surpassed the initial $4 billion target the firm set in 2023 and attracted commitments from investors including pension plans, sovereign wealth funds and family offices, while Harris seeded the fund with his own capital, he said in an interview. The ...
Josh Harris ’ 26North Partners collected almost $6 billion for its debut private equity strategy, a US record for a first-time fundraising. The total surpassed the initial $4 billion target the firm set in 2023 and attracted commitments from investors including pension plans, sovereign wealth funds and family offices, while Harris seeded the fund with his own capital, he said in an interview. The 26North founder, who is also an investor in major professional sports franchises, said the fund has already returned some capital to clients and offered them co-investment opportunities. “We’re always just waiting for the fat pitch,” said Harris, 61, using an analogy for a baseball that’s easy to hit. “We’re alpha-oriented, not asset management oriented.” Read More: Harris’ 26North Targets Up to $4 Billion for Buyout Fund Harris started the firm in 2022 after leaving Apollo Global Management Inc. , which he co-founded. He’s also lead owner of the National Football League’s Washington Commanders. 26North now oversees $35 billion and invests across middle-market private equity, credit and insurance. Artificial intelligence is currently the big opportunity, he said, and the firm is looking to invest in businesses that help support the infrastructure behind the technology as well as the sports industry. “We’ve already bought into two middle-market data centers where the returns are higher and where there’s more commercial expansion opportunities,” Harris said. The fund has signed or completed seven investments so far, including for ArchKey Solutions , an electrical and technology systems contractor that serves data centers, and Bruin Capital, a mid-market sports investing platform. It also backed Composition Brands, the maker of premium kitchen appliances including Viking and La Cornue. Harris said the firm is also spending a lot of time analyzing potential opportunities created by the upheaval in global markets triggered by the war in Iran. “The $100 oil prices are here to sta...
New TSX listings include leveraged ETFs on NVIDIA, Tesla and Celestica, plus leveraged and non-leveraged ETFs for Constellation SoftwareTORONTO, April 13, 2026 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, one of Canada’s leading independent investment managers, is pleased to announce the launch of nine new ETFs on the Toronto Stock Exchange (TSX). The new ETFs expands Ninepoint’s single-stock ETF pl...
New TSX listings include leveraged ETFs on NVIDIA, Tesla and Celestica, plus leveraged and non-leveraged ETFs for Constellation SoftwareTORONTO, April 13, 2026 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, one of Canada’s leading independent investment managers, is pleased to announce the launch of nine new ETFs on the Toronto Stock Exchange (TSX). The new ETFs expands Ninepoint’s single-stock ETF platform with eight leveraged Ninepoint HighShares ETFs and one unleveraged Ninepoint CoreShares ETF,
Goldman Sachs press release ( GS ): Q1 GAAP EPS of $17.55 beats by $1.16 . Revenue of $17.23B (+14.4% Y/Y) beats by $300M . Net revenues were $17.23 billion for the first quarter of 2026, 14% higher than the first quarter of 2025 and 28% higher than the fourth quarter of 2025. The increase compared with the first quarter of 2025 primarily reflected higher net revenues in Global Banking & Markets. ...
Goldman Sachs press release ( GS ): Q1 GAAP EPS of $17.55 beats by $1.16 . Revenue of $17.23B (+14.4% Y/Y) beats by $300M . Net revenues were $17.23 billion for the first quarter of 2026, 14% higher than the first quarter of 2025 and 28% higher than the fourth quarter of 2025. The increase compared with the first quarter of 2025 primarily reflected higher net revenues in Global Banking & Markets. Annualized return on average common shareholders' equity (ROE) was 19.8% for the first quarter of 2026. Book value per common share increased by 1.0% during the quarter to $361.19. More on Goldman Sachs S&P 500 Earnings: Financial Sector Looking At 'Average' Quarter; A Quick Look At Goldman's Numbers Goldman Sachs: Selloff Represents Good Entry Point For Investors Goldman Sachs: Capital Markets Titan At A Discounted Valuation Wall Street trading desks poised for $40B quarter amid geopolitical turmoil Earnings week ahead: JNJ, NFLX, TSM, GS, C, JPM, BAC, PEP, and more