Andy Andrews Credo Technology ( CRDO ) said it has reached a license and settlement agreement with TE Connectivity ( TEL ) related to Active Electrical Cable, or AEC, technology. Shares of Credo fell about 2%, while TE dipped around 1% premarket on Friday. Credo noted that based on this agreement, all lawsuits between the two companies will be dismissed. The terms of the agreement were confidentia...
Andy Andrews Credo Technology ( CRDO ) said it has reached a license and settlement agreement with TE Connectivity ( TEL ) related to Active Electrical Cable, or AEC, technology. Shares of Credo fell about 2%, while TE dipped around 1% premarket on Friday. Credo noted that based on this agreement, all lawsuits between the two companies will be dismissed. The terms of the agreement were confidential, the company added. Last year in August, Credo reached a license and settlement agreement with Amphenol related to the parties' respective patents on active electrical cable technology. Similarly, the company reached a license and settlement deal with Volex related to Credo's patents covering Credo’s AEC technology. More on Credo and TE Connectivity Credo: Alphabet Just Announced A Game Changer Credo's Big Question: One‑Product Story Or Emerging Platform? Why Credo's Selloff Is A Massive Gift Lumentum, Coherent, Credo trade mixed as Nvidia CEO Huang reaffirms copper use Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
(RTTNews) - Norwegian Cruise Line Holdings Ltd. (NCLH), a global cruise company, Friday announced that its President and CEO John Chidsey, has been appointed as the Chairman.
(RTTNews) - Norwegian Cruise Line Holdings Ltd. (NCLH), a global cruise company, Friday announced that its President and CEO John Chidsey, has been appointed as the Chairman.
JUN LI The European Medicines Agency announced on Friday that an expert panel of the drug regulator has recommended that tecovirimat, an antiviral developed by SIGA Technologies ( SIGA ), should no longer be used to treat mpox. The decision by the EMA committee for human medicines will not affect the drug’s authorized indications for other viral conditions, including smallpox and cowpox. In Novemb...
JUN LI The European Medicines Agency announced on Friday that an expert panel of the drug regulator has recommended that tecovirimat, an antiviral developed by SIGA Technologies ( SIGA ), should no longer be used to treat mpox. The decision by the EMA committee for human medicines will not affect the drug’s authorized indications for other viral conditions, including smallpox and cowpox. In November 2021, EMA's Committee for Medicinal Products for Human Use recommended approval of SIGA's Marketing Authorization Application for tecovirimat as an oral treatment for smallpox, mpox, and other conditions. EMA stated that the decision was based on animal data because human studies of tecovirimat in mpox were not possible, as the virus didn’t widely spread among humans at the time. However, a review based on studies conducted in different geographies following recent mpox outbreaks showed that the treatment branded as TPOXX didn’t heal lesions and improve other disease outcomes faster than a placebo. The review didn’t cite new safety concerns linked to tecovirimat, the EMA said, noting that patients receiving the therapy can continue their treatment course, as there are no other approved mpox medicines in the region. More on SIGA Technologies SIGA Technologies, Inc. (SIGA) Q4 2025 Earnings Call Transcript SIGA outlines continued TPOXX global expansion and expects EMA smallpox decision in March 2026 Historical earnings data for SIGA Technologies Financial information for SIGA Technologies
PM Images This week saw a high-profile Senate hearing on the looming social security crisis . The Boomer generation is now deep into retirement… but continues to hold the most wealth in the U.S. Baby Boomers, or people born from 1946 to 1964, in the U.S. have more than $88T in household wealth, according to recent data from the Federal Reserve. That means Boomers account for half of the overall ho...
PM Images This week saw a high-profile Senate hearing on the looming social security crisis . The Boomer generation is now deep into retirement… but continues to hold the most wealth in the U.S. Baby Boomers, or people born from 1946 to 1964, in the U.S. have more than $88T in household wealth, according to recent data from the Federal Reserve. That means Boomers account for half of the overall household wealth in the U.S. while making up just 20% of the country's population. In contrast, Millennials — who were born between 1981 and 1996 and make up about 20% of the U.S. population — have a little over $18T in wealth. To be fair, Boomers' wealth is not equally distributed. Boomer households overall owned $77T in wealth in 2022, of which 71% was held by the top 10%. The generation's wealth gains were largely driven by housing affordability relative to their income, rising real estate values, significant bull markets (1980s, 1990s and 2010s), and defined benefit pension plans. Spending in the demographic focuses on healthcare players like Pfizer ( PFE ), Eli Lilly ( LLY ), and Boston Scientific ( BSX ), as well as senior living stocks such as Welltower ( WELL ) and Ventas ( VTR ). Travel stocks like Expedia ( EXPE ) and Carnival ( CCL ) have also been in focus due to plenty of disposable income. But things are expected to turn around for Millennials and Gen Z (born in 1997-2012) over the next two decades with the so-called "Great Wealth Transfer." Wealth transferred through 2048 will total $124T, of which $105T is expected to be inherited by heirs and the rest will likely go to charity, according to projections by consulting firm Cerulli Associates. Gen X (born in 1965-1980) stands to inherit the greatest portion of assets in the next 10 years, totaling $14T compared to millennials' $8T. But Millennials are seen inheriting around $46T over the next 25 years — the most compared to any generation. The "Great Wealth Transfer" will bring focus to wealth management stocks ...
Peak Lobotomized American Consumer Submitted by QTR's Fringe Finance There’s a very specific kind of financial confession I’ve had to make to myself recently. I see charges pop up on my phone’s home screen on various credit cards all the time. A lot of times they just say “Apple” or “Amazon.” No details. No explanation. Just a clean, confident withdrawal from my account like I’m renting air to bre...
Peak Lobotomized American Consumer Submitted by QTR's Fringe Finance There’s a very specific kind of financial confession I’ve had to make to myself recently. I see charges pop up on my phone’s home screen on various credit cards all the time. A lot of times they just say “Apple” or “Amazon.” No details. No explanation. Just a clean, confident withdrawal from my account like I’m renting air to breathe from both of these companies. And like a good American lobotomized consumer, I do absolutely nothing about it. I don’t investigate. I don’t even tap for more information. I just stare at it for half a second, nod internally, and think, yeah that feels right. Then I keep scrolling like I didn’t just get billed by a corporation with the transparency of Area 51. At this point, I have to admit something. I have fully surrendered to Amazon and Apple. Not in a dramatic way. Not in a conscious, principled decision. More in the slow, quiet erosion of resistance. Somewhere along the line, I stopped being a person who tracks purchases and became a person who assumes all unexplained charges are probably valid. I’m the opposite of the assholes who subscribe to my blog, download the content they want, then contest the charge with their credit card companies. And hey, if a random company hit my card like this, I’d immediately spiral. I’d be calling my bank, questioning my entire digital security setup. But when it’s Apple or Amazon, I assume the problem is me. I must have done something. Bought something. Subscribed to something. Needed something. Movie rental. NFL Thursday night football. Cascade brand dishwasher detergent. AppleCare. Prime subscription. Recurring donation to feed starving children I signed up for at Whole Foods. Who the f**k knows? The point is, I don’t check. I accept. Getting older. Brain functioning less. Surrendering more to Skynet. Arguing with my Apple HomePod about why it can’t accurately tell me what day it is, assuming the faceless, brainless, soulless ma...
A Pony AI robotaxi in Shenzhen, Guangdong province. Photo: VCG Autonomous-driving firm Pony AI Inc. has achieved positive per-vehicle profit for its robotaxi operations in two major Chinese cities, marking a breakthrough for a sector long constrained by heavy infrastructure costs and regulatory barriers. The milestone highlights the growing commercial viability of self-driving taxi services as com...
A Pony AI robotaxi in Shenzhen, Guangdong province. Photo: VCG Autonomous-driving firm Pony AI Inc. has achieved positive per-vehicle profit for its robotaxi operations in two major Chinese cities, marking a breakthrough for a sector long constrained by heavy infrastructure costs and regulatory barriers. The milestone highlights the growing commercial viability of self-driving taxi services as companies rapidly scale up domestic fleets and expand into overseas markets, even as they continue to absorb broader corporate losses.
Ban includes two exceptions: AI can still be used for translations, and to make minor copy edits Wikipedia has banned the use of artificial intelligence in the generation or rewriting of content for its voluminous online encyclopedia. In a recent policy change , Wikipedia said that the use of large language models (or LLMs) “often violates” its core principles and will not be allowed. The English ...
Ban includes two exceptions: AI can still be used for translations, and to make minor copy edits Wikipedia has banned the use of artificial intelligence in the generation or rewriting of content for its voluminous online encyclopedia. In a recent policy change , Wikipedia said that the use of large language models (or LLMs) “often violates” its core principles and will not be allowed. The English language version of Wikipedia has more than 7.1m articles. Continue reading...
Wambūi Karanja of Kenya is "one to watch," says the Alzheimer's Association. Coping with her dad's condition inspired her to develop a training program for families on the art of caregiving. (Image credit: Skywall Photography)
Wambūi Karanja of Kenya is "one to watch," says the Alzheimer's Association. Coping with her dad's condition inspired her to develop a training program for families on the art of caregiving. (Image credit: Skywall Photography)
Delivery Hero SE ’s biggest shareholder Prosus NV is considering selling a roughly 10% stake to Aspex Management , the delivery food company’s No. 2 holder, people familiar with the matter said, a move that would heap pressure on management to push ahead with asset sales. Prosus has held initial talks with Hong Kong-based Aspex on the potential deal, which could more than double Aspex’s stake in D...
Delivery Hero SE ’s biggest shareholder Prosus NV is considering selling a roughly 10% stake to Aspex Management , the delivery food company’s No. 2 holder, people familiar with the matter said, a move that would heap pressure on management to push ahead with asset sales. Prosus has held initial talks with Hong Kong-based Aspex on the potential deal, which could more than double Aspex’s stake in Delivery Hero to about 19%, from the current 9.2%, said the people. If it goes ahead, Aspex will replace Prosus, which has a 26.8% stake, as the largest shareholder of the Frankfurt-listed company. Aspex has been threatening to try and replace Delivery Hero’s management if it doesn’t push ahead with the sale of certain assets, Bloomberg News reported in March. While the sale of Delivery Hero shares to public market investors would reduce the likelihood of a full take private offer from others, it would put further pressure on the Chief Executive Executive Niklas Östberg to sell more units. For Prosus, a deal could help it comply with European Commission antitrust requirements as it has to reduce its stake to below 5% by August, some of the people said, asking not to be identified as the information is private. Prosus last year acquired Just Eat Takeaway.com , which has a European footprint similar to Delivery Hero’s. Read More: Just Eat Founder Steps Down as CEO After Prosus Acquisition Deliberations are ongoing and there’s no guarantee a deal could happen, the people said. Prosus could also explore other options to sell or trim its stake including through more block trades or selling to other private equity firms or strategic buyers, they added. Representatives for Prosus and Aspex declined to comment.
Cathie Wood is doing some spring cleaning. The co-founder and CEO of Ark Invest lightened her stakes in more than three dozen stocks across her ETF family's holdings on Thursday. It was her busiest day of selling -- in terms of the number of companies she unloaded -- in months. Some of the more intriguing names on that list of positions are Netflix (NASDAQ: NFLX) , Broadcom (NASDAQ: AVGO) , and Ad...
Cathie Wood is doing some spring cleaning. The co-founder and CEO of Ark Invest lightened her stakes in more than three dozen stocks across her ETF family's holdings on Thursday. It was her busiest day of selling -- in terms of the number of companies she unloaded -- in months. Some of the more intriguing names on that list of positions are Netflix (NASDAQ: NFLX) , Broadcom (NASDAQ: AVGO) , and Advanced Micro Devices (NASDAQ: AMD) . In stark contrast, she only added to one stock: oncology and hereditary testing products specialist Tempus AI . I often spend time looking at her purchases, but this time I want to focus on her Thursday selling spree. Image source: Getty Images. Continue reading
Trinity Capital ( TRIN ) announced on Friday the commitment of $50M in growth capital to Sage Health, a full-risk primary care and wellness provider serving Medicare-eligible seniors. The additional capital will work to support Sage's continued investment in its senior-focused care platform and geographic expansion into new medically underserved markets, the company said. It added that Trinity's $...
Trinity Capital ( TRIN ) announced on Friday the commitment of $50M in growth capital to Sage Health, a full-risk primary care and wellness provider serving Medicare-eligible seniors. The additional capital will work to support Sage's continued investment in its senior-focused care platform and geographic expansion into new medically underserved markets, the company said. It added that Trinity's $50 million debt term loan, together with the company's prior financings, brings Sage Health's total capital raised to $170 million to date. TRIN -0.089% premarket to $14.517. Source: Press Release More on Trinity Capital Trinity Capital: BDC Turning Asset Manager Provides Strong Yield And Better Value Trinity Capital: Strong Investment Setup (Rating Upgrade) Trinity Capital: Not Your Typical 13%+ Yielding BDC Trinity Capital provides $35M in growth capital to Monteris Medical Trinity Capital commits $20 million in growth capital to Emboline
Carnival press release ( CCL ): Q1 Non-GAAP EPS of $0.20 beats by $0.02 . Revenue of $6.17B (+6.2% Y/Y) beats by $30M . For the full year 2026, the company expects: Net yields (in constant currency) up approximately 2.75 percent compared to record 2025 levels and 0.25 percentage points better than December guidance. Net yields (in constant currency) up approximately 3.25 percent after normalizing ...
Carnival press release ( CCL ): Q1 Non-GAAP EPS of $0.20 beats by $0.02 . Revenue of $6.17B (+6.2% Y/Y) beats by $30M . For the full year 2026, the company expects: Net yields (in constant currency) up approximately 2.75 percent compared to record 2025 levels and 0.25 percentage points better than December guidance. Net yields (in constant currency) up approximately 3.25 percent after normalizing for the impact of the summer 2025 close-in decision to redeploy away from the previously planned first quarter 2026 Arabian Gulf voyages and the impacts of loyalty program accounting for Carnival Cruise Line. Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.1 percent compared to 2025 and better than December guidance. Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 2.3 percent after normalizing for the partial year of operating expenses from Celebration Key, Grand Bahama and RelaxAway, Half Moon Cay as well as the timing of certain expenses between the years. Operational improvement of nearly $150 million in adjusted net income compared to December guidance, driven by improvements in both net yields and adjusted cruise costs excluding fuel per ALBD, which partially mitigates the impact from recent changes in fuel prices of more than $500 million. The company's guidance reflects the purchased price of fuel for the month of March and early April, Brent averaging $90 per barrel for the remainder of April and May, Brent averaging $85 per barrel for the third quarter, and Brent averaging $80 for the fourth quarter. Shares -2.7% PM. More on Carnival Carnival: War And Fuel Costs Ahead Of Earnings Carnival: Why I'm Doubling Down Despite Unhedged Fuel Risk Carnival Corporation: A Low-Risk, Dividend-Yielding 'Buy' For Income Investors Carnival faces fuel cost headwinds ahead of Q1 results Cruise stocks buoyed by lower fuel costs
Democratic Senator Elizabeth Warren and Republican Senator Josh Hawley are urging the US’s central energy information agency to provide better information on how much electricity data centers actually use. In a joint letter sent to the Energy Information Administration Thursday morning, seen by WIRED, Hawley and Warren press the agency to publicly collect “comprehensive, annual energy-use disclosu...
Democratic Senator Elizabeth Warren and Republican Senator Josh Hawley are urging the US’s central energy information agency to provide better information on how much electricity data centers actually use. In a joint letter sent to the Energy Information Administration Thursday morning, seen by WIRED, Hawley and Warren press the agency to publicly collect “comprehensive, annual energy-use disclosures” on data centers. This information, they write, is “essential for accurate grid planning and will support policymaking to prevent large companies from increasing electricity costs for American families.” As the data center boom spreads across the country, there have been widespread worries from voters about how their massive energy needs may increase consumers’ electric bills; this concern helped shape some midterm elections in data-center-heavy states, including Virginia and Georgia. Last month, Hawley cosponsored a bill with Democratic Senator Richard Blumenthal that would require data centers to supply their own power sources in order to protect consumers. Earlier this month, Donald Trump convened a group of executives from Big Tech companies at the White House to sign a nonbinding (and toothless) agreement pledging to pay for their own power for data centers. Read full article Comments