Apollomics ( APLM ) on Wednesday said that it has entered into a $2.0 million unsecured convertible promissory note with its Chairman and CEO Hung-Wen (Howard) Chen . The company said the proceeds will be used for working capital, including supporting clinical development programs and general operations. The note carries 0% interest and will automatically convert into equity upon a future financin...
Apollomics ( APLM ) on Wednesday said that it has entered into a $2.0 million unsecured convertible promissory note with its Chairman and CEO Hung-Wen (Howard) Chen . The company said the proceeds will be used for working capital, including supporting clinical development programs and general operations. The note carries 0% interest and will automatically convert into equity upon a future financing of at least $10.0 million, at a 20% discount to the lowest share price in that round. The transaction was approved by the company’s audit committee and board, with Chen abstaining. APLM -5.36% premarket to $15.0. Source: Press Release More on Apollomics Financial information for Apollomics
matejmo/iStock via Getty Images We ended the month with a tremendous war-torn rally in stocks, as the Dow Jones Industrials soared more than 1,000 points and the S&P 500 roared back 3%, led by an oversold technology sector. It wasn’t President Trump’s repeated assurances that lifted risk asset prices as much as a report that followed, indicating Iran is ready to end the war provided certain guaran...
matejmo/iStock via Getty Images We ended the month with a tremendous war-torn rally in stocks, as the Dow Jones Industrials soared more than 1,000 points and the S&P 500 roared back 3%, led by an oversold technology sector. It wasn’t President Trump’s repeated assurances that lifted risk asset prices as much as a report that followed, indicating Iran is ready to end the war provided certain guarantees are met. President Trump has apparently given up on the goal of forcibly reopening the Strait of Hormuz, instead leaving it up to the countries that use it to work things out with Iran. He confirmed after the market closed that military operations would likely end in the next two to three weeks. S&P 500 Gain (Finviz) From the start, my forecast was that the President would pivot within a month of the start of the war on the premise that he would fold under the pressure of rising fuel costs, deteriorating poll numbers, and the risk of a bear market and prolonged economic downturn in advance of the midterm elections. I believed markets would dictate policy, and it is clearly evident that they did yesterday. Yet while stock prices soared and bond yields eased, the missing link to yesterday’s monster rally was a commensurate drop in oil prices. That will limit the extent of the upside until we see a meaningful decline. WTI Crude Chart (Bloomberg) WTI Crude did come off its high of $106.46 in the morning hours, but $102 and change is hardly anything to celebrate. Oil has not pulled back because the Trump administration has no definitive plans to reopen the strait, as the President assumes that once we leave the region, the waterway will open “automatically.” I doubt that, unless concessions are made to Iran, which is a question mark. International pressure from European countries that did not participate in the attack should have some influence, but until the strait is opened, we are likely to see oil prices remain elevated. Gas Prices Table (Trading Economics) President Tr...
WeRide ( WRD ) and Grab Holdings ( GRAB ) officially launched public operations for the Ai.R (Autonomously Intelligent Ride) service in Punggol to mark Singapore's first autonomous passenger service ever deployed within a residential estate. The public launch followed what the companies said was a rigorous community engagement phase. During the initial phase of public rides, safety operators will ...
WeRide ( WRD ) and Grab Holdings ( GRAB ) officially launched public operations for the Ai.R (Autonomously Intelligent Ride) service in Punggol to mark Singapore's first autonomous passenger service ever deployed within a residential estate. The public launch followed what the companies said was a rigorous community engagement phase. During the initial phase of public rides, safety operators will be onboard the AVs to help ensure a seamless journey. To date, 14 Grab driver-partners have successfully completed specialized training with WeRide ( WRD ) and GrabAcademy to become certified safety operators, and another batch of Grab ( GRAB ) driver-partners are currently undergoing training and assessments. "Our GXR vehicles already operate as taxis in China, the UAE, and Saudi Arabia, providing safe and reliable point-to-point on-demand transport to our riders. We look forward to bringing the same proven performance to Singapore, in close coordination with local authorities, as operations scale and mature," highlighted Dr. Kerry Xu, General Manager of Singapore at WeRide. Shares of WeRide ( WRD ) edged 0.1% higher in premarket trading. Grab Holdings ( GRAB ) was up 1.1% in the early session. More on WeRide, Grab Grab Holdings: Local Network Effect Advantage And Dominant Market Position WeRide Inc. (WRD) Q4 2025 Earnings Call Transcript WeRide Q4: Fantastic Effort From The Team, But I'm Not Converted Just Yet WeRide, Uber launch robotaxi service in Dubai Uber confirms holding a 5.8% passive stake in WeRide
Britain's 1,640-foot-long National Covid Memorial Wall stretches along the River Thames, with over a quarter million hearts representing the lives lost during the pandemic — across from Parliament.
Britain's 1,640-foot-long National Covid Memorial Wall stretches along the River Thames, with over a quarter million hearts representing the lives lost during the pandemic — across from Parliament.
We Are Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Here are the four stocks to watch on the day: Oracle ( ORCL ) gained 2.64% in premarket trading after the company started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure build...
We Are Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Here are the four stocks to watch on the day: Oracle ( ORCL ) gained 2.64% in premarket trading after the company started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure buildout, according to Business Insider. The number of employees being laid off is publicly unknown, but it appears to affect Oracle workers around the globe, the report said. Microsoft ( MSFT ) rose 1.60% before the opening bell after Bloomberg reported the company is in exclusive talks with Chevron and investment fund Engine No. 1 over a long-term deal that would underpin a massive energy complex in West Texas. The proposed natural gas-fired power plant is projected to cost approximately $7 billion and initially generate 2,500 MW of electricity, making it one of the largest of its kind in the U.S. The electricity would power a large data center campus. Cal-Maine Foods ( CALM ) jumped 3.85% in premarket trade after the company topped expectations with its fiscal third-quarter earnings report. Revenue was down 53.0% year over year to $667.0 million after egg prices fell from their historically high levels tied to a supply shock from the widespread bird flu in the U.S. NIO Inc. ( NIO ) advanced 3.01% before the bell after reporting strong delivery figures for March. The electric vehicle maker delivered 35,486 vehicles in March, a 136.0% increase compared to the previous year. For the first quarter of 2026, the company delivered a total of 83,465 vehicles, marking a 98.3% year-over-year growth, bringing cumulative deliveries to 1,081,057 as of March 31, 2026. More related stories Oracle: Funding AI Capacity With Layoffs Microsoft: Back To Pre-COVID Multiples - But The Business Has Moved On Microsoft: An Inauspicious Start To 2026 Microsoft plans to invest $5.5B for cloud, AI in Si...
We Are Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Here are the four stocks to watch on the day: Oracle ( ORCL ) gained 2.64% in premarket trading after the company started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure build...
We Are Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Here are the four stocks to watch on the day: Oracle ( ORCL ) gained 2.64% in premarket trading after the company started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure buildout, according to Business Insider. The number of employees being laid off is publicly unknown, but it appears to affect Oracle workers around the globe, the report said. Microsoft ( MSFT ) rose 1.60% before the opening bell after Bloomberg reported the company is in exclusive talks with Chevron and investment fund Engine No. 1 over a long-term deal that would underpin a massive energy complex in West Texas. The proposed natural gas-fired power plant is projected to cost approximately $7 billion and initially generate 2,500 MW of electricity, making it one of the largest of its kind in the U.S. The electricity would power a large data center campus. Cal-Maine Foods ( CALM ) jumped 3.85% in premarket trade after the company topped expectations with its fiscal third-quarter earnings report. Revenue was down 53.0% year over year to $667.0 million after egg prices fell from their historically high levels tied to a supply shock from the widespread bird flu in the U.S. NIO Inc. ( NIO ) advanced 3.01% before the bell after reporting strong delivery figures for March. The electric vehicle maker delivered 35,486 vehicles in March, a 136.0% increase compared to the previous year. For the first quarter of 2026, the company delivered a total of 83,465 vehicles, marking a 98.3% year-over-year growth, bringing cumulative deliveries to 1,081,057 as of March 31, 2026. More related stories Oracle: Funding AI Capacity With Layoffs Microsoft: Back To Pre-COVID Multiples - But The Business Has Moved On Microsoft: An Inauspicious Start To 2026 Microsoft plans to invest $5.5B for cloud, AI in Si...
Dragon Claws/iStock via Getty Images Whoop has raised $575M in a fresh funding round, a move CEO Will Ahmed said will help the company scale its health platform and expand globally as demand for wearable technology grows. Speaking to CNBC , Ahmed said the raise strengthens the company’s position as it invests further in product development and international markets. “This is about continuing to in...
Dragon Claws/iStock via Getty Images Whoop has raised $575M in a fresh funding round, a move CEO Will Ahmed said will help the company scale its health platform and expand globally as demand for wearable technology grows. Speaking to CNBC , Ahmed said the raise strengthens the company’s position as it invests further in product development and international markets. “This is about continuing to invest in the business,” he said, framing the funding as fuel for long-term growth rather than a short-term milestone. Ahmed stressed that Whoop’s ambitions go beyond fitness tracking, describing a broader shift in how people manage their health. “We’re trying to shift healthcare from reactive to proactive,” he said, adding that “the annual check-up should be a daily check-up.” The company’s subscription-based model and screenless wearable are central to that vision, allowing users to continuously monitor metrics like sleep, recovery, and strain. Ahmed said this approach is designed to build deeper engagement and deliver more meaningful health insights over time. Looking ahead, he reiterated Whoop’s positioning as a platform rather than a single device. “We’re building a health platform, not just a wearable,” Ahmed said, as the company explores new capabilities and data-driven tools. The funding underscores investor confidence in the growing market for continuous health monitoring. More on markets Strategy: Down 77% And Still Isn't Cheap Enough Anthropic's IPO: What You Need To Know Power Corporation Of Canada: Insurance Is Tactical With Reinflation Risks Dave & Buster's shares rise as investors look past Q4 miss to improving traffic trends Stock index futures climb as hopes of Iran conflict de-escalation lift mood
Love Employee/iStock via Getty Images Markets took a beating in March, thanks to the war with Iran. Commodities surged and cash edged higher, but the rest of the major asset classes fell, in some cases sharply, based on a set of proxy ETFs. The only place to hide was in raw materials. The iShares S&P GSCI Commodity-Indexed Trust ( GSG ) soared more than 24% last month and is now the top performer ...
Love Employee/iStock via Getty Images Markets took a beating in March, thanks to the war with Iran. Commodities surged and cash edged higher, but the rest of the major asset classes fell, in some cases sharply, based on a set of proxy ETFs. The only place to hide was in raw materials. The iShares S&P GSCI Commodity-Indexed Trust ( GSG ) soared more than 24% last month and is now the top performer over several trailing windows. To the extent that a given portfolio strategy is ahead of its rivals, there’s a decent chance that a relatively high weight in commodities and/or cash explains the alpha. Red ink dominated the performance ledger otherwise in March. Global property shares ex-US ( VNQI ) were hit especially hard, tumbling more than 12% last month. Despite the widespread selling, all the major asset classes are posting gains in year-over-year terms and for the trailing 3-year window. With reports emerging that the war could soon end, the optimists are arguing anew that March could soon be viewed as another painful but temporary diversion in an ongoing bull trend. Repair and recovery, when it does begin, will certainly be welcome after last month’s carnage. The Global Market Index (GMI) in March posted its biggest monthly decline in 3-1/2 years. For perspective, keep in mind that the benchmark had been running hot for an extended period before the war, posting 11 straight months of gain, the longest stretch of wins in nine years. Something had to give, and in this case the war was the catalyst. GMI is an unmanaged benchmark (maintained by CapitalSpectator.com) that holds all the major asset classes (except cash) in market value weights via ETFs and represents a competitive benchmark for globally diversified, multi-asset class portfolio strategies. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.