It says something about Hong Kong governance when a simple and well-intentioned requirement for bus passengers to buckle up has become yet another embarrassing policy setback involving the executive branch and the revamped Legislative Council. The abrupt U-turn over the new law on seat belts, less than a week after it took effect, might have been one solution to a problematic law. But the blunder ...
It says something about Hong Kong governance when a simple and well-intentioned requirement for bus passengers to buckle up has become yet another embarrassing policy setback involving the executive branch and the revamped Legislative Council. The abrupt U-turn over the new law on seat belts, less than a week after it took effect, might have been one solution to a problematic law. But the blunder is a blow to the image of the government and of Legco, amid mounting public expectations for better governance. Officials and lawmakers must learn their lesson and get it right when the law is ready for reintroduction following a public consultation. That a straightforward and well-meaning legal amendment seeking to protect public safety has collapsed under the weight of its drafting flaws is to be regretted. Following a deadly bus crash that killed 19 passengers in 2018, the authorities cannot be faulted for wanting to extend the existing seat belt requirement in private vehicles, taxis and minibuses to all public buses. But the public backlash during the implementation last week showed many issues had not been well thought through. And when it emerged that the law actually only covers newly registered buses, there was no alternative but to repeal it. Advertisement The public is entitled to ask what went wrong with the legislative process. The seat belt law was among other traffic amendments passed by the “all patriots” Legco last year. Secretary for Transport and Logistics Mable Chan only said it was “undesirable” when asked why the administration had apparently failed to identify the law’s deficiencies until it was questioned by a former lawmaker in a social media post last week. But the minister stopped short of apologising over the fiasco. Some lawmakers conceded that they had overlooked the technical issues. Under the new governance approach, the revamped “all-patriots” legislature is required to cooperate with the government under the executive-led governance princip...
New York, Feb 2, 2026, 18:15 EST — After-hours Shares of Amazon.com Inc climbed 1.5% in after-hours trading Monday, reaching $242.96. The move extended gains from the regular session as investors turned their attention to the company’s upcoming quarterly earnings report later this week. This report matters now because it offers insight into two drivers behind U.S. tech’s recent moves: cloud demand...
New York, Feb 2, 2026, 18:15 EST — After-hours Shares of Amazon.com Inc climbed 1.5% in after-hours trading Monday, reaching $242.96. The move extended gains from the regular session as investors turned their attention to the company’s upcoming quarterly earnings report later this week. This report matters now because it offers insight into two drivers behind U.S. tech’s recent moves: cloud demand and AI costs. Amazon’s results often act as an informal gauge for corporate IT budgets and the health of consumer spending on discretionary goods. Investors are keeping an eye on capital spending, or “capex,” which covers the cash companies invest in data centers, chips, and other durable equipment. This follows sharp moves in megacap tech stocks tied to guidance and spending updates. The wider market set a positive tone. The S&P 500 gained 0.54% on Monday, nearing its record high, with Alphabet and Amazon rising as investors shifted back into big tech, according to market data. “The fundamentals are good and earnings are strong,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder. (Reuters) Amazon Web Services expanded its SageMaker JumpStart catalog with new AI models like DeepSeek OCR, MiniMax M2.1, and Qwen3-VL-8B-Instruct. The move reflects growing demand for plug-and-play tools that spare customers the hassle of training models from scratch. (Amazon Web Services, Inc.) A fresh workforce alert emerged from Washington. A WARN notice lodged with state officials reveals Amazon is set to cut 2,198 jobs starting April 28 and continuing through June, a report based on the filing said. (Axios) Amazon’s satellite broadband project has asked the Federal Communications Commission for an extension to meet an interim low-Earth orbit deployment milestone, throwing its timeline into fresh doubt. Satellite analyst Tim Farrar noted in a post on X that the request should “quiet any questions” about the program’s future but added it requires a more advanced design to ri...
AMD's AMD stock has had an explosive start to 2026, spiking over +15%, and is now up more than +100% in the last year as it gains share in the AI chip market. With companies seeking alternatives to Nvidia’s NVDA ecosystem, AMD’s rally has been driven by surging demand for its AI accelerators, bullish analyst upgrades, and near-sold-out server CPU capacity — creating a perfect storm of optimism aro...
AMD's AMD stock has had an explosive start to 2026, spiking over +15%, and is now up more than +100% in the last year as it gains share in the AI chip market. With companies seeking alternatives to Nvidia’s NVDA ecosystem, AMD’s rally has been driven by surging demand for its AI accelerators, bullish analyst upgrades, and near-sold-out server CPU capacity — creating a perfect storm of optimism around its revenue outlook. This makes it a worthy topic of whether it's still time to buy, hold, or take profits in AMD stock as its Q4 results approach after-market hours on Tuesday, February 3. Image Source: Zacks Investment Research AMD’s Q4 Expectations Based on Zacks estimates, AMD’s Q4 sales are thought to have increased 26% to $9.67 billion compared to $7.66 billion a year ago. On the bottom line, Q4 EPS is expected at $1.32, a 21% increase from $1.09 per share in the comparative quarter. It's noteworthy that AMD has been able to exceed top and bottom line expectations in each of its last four quarterly reports, posting an average sales and EPS surprise of 4.02% and 2.45%, respectively. Image Source: Zacks Investment Research Furthermore, the Zacks ESP (Expected Surprise Prediction) suggests AMD could once again surpass earnings expectations, with the Most Accurate and recent estimate among Wall Street analysts having Q4 EPS pegged at $1.34 and 2% above the underlying Zacks Consensus (Current Qtr below). Image Source: Zacks Investment Research High Demand for AMD’s AI Accelerators Rounding out fiscal 2025, AMD’s total sales are expected at $34.03 billion, a 32% spike from $25.79 billion in 2024. Plus, FY26 sales are projected to soar another 29% to $43.9 billion. It’s worth noting that analysts are already forecasting AMD’s AI revenue for 2026 to be between $14-$15 billion, driven by its MI355 and MI455 accelerator shipments. The MI355 and MI455 accelerators are next-generation AI and HPC (high-performance computing) GPUs built on AMD’s compute DNA architecture (CDNA)....
Jessica Carter/DigitalVision via Getty Images Taking a bearish position on Chinese equities is easy to describe but often harder to execute in practice. Directly shorting Chinese stocks or indices can involve margin requirements, borrowing constraints, and access issues, especially for retail investors. For investors who want amplified downside exposure to Chinese equities over very short time fra...
Jessica Carter/DigitalVision via Getty Images Taking a bearish position on Chinese equities is easy to describe but often harder to execute in practice. Directly shorting Chinese stocks or indices can involve margin requirements, borrowing constraints, and access issues, especially for retail investors. For investors who want amplified downside exposure to Chinese equities over very short time frames, without having to manage short positions themselves, leveraged inverse ETFs like the Direxion Daily FTSE China Bear 3X Shares ETF ( YANG ) can help you fulfill those investment purposes. Today, I will discuss YANG and give a rundown of the fund that should help you understand the product and when it may be suitable for your use case. YANG's Strategy and Goal YANG's goal is to deliver the daily -300% performance of the FTSE China 50 Index before fees and expenses. This is an index that is made up of 50 of the largest and most liquid Chinese companies trading on the Hong Kong Stock Exchange and includes companies like Tencent, Alibaba, Xiaomi, China Construction Bank, and more. The index's top ten holdings and sector breakdown at the time of writing are as follows: FTSE China 50 Index Top Ten Holdings and Sector Breakdown (Direxion) To put it in simpler terms, YANG will look to offer -3x the daily performance of China's 50 largest and most liquid companies in the opposite direction. For example, for every one basis point that the FTSE China 50 Index falls on a given day, YANG will also rise by three. And for every one basis point that the FTSE China 50 Index rises by, YANG will fall by three. Of course, it should be noted that the fund won't offer these exact performance numbers, but it should be fairly close for each day. To accomplish this, the fund operates using derivative instruments, primarily swap agreements, to deliver inverse exposure. These are essentially contracts where the fund and a third party will exchange cashflows based on set terms. In the case of YANG...
Key Points Joby plans to launch air taxi services with its first vertiport at Dubai International Airport in the first quarter. It's also part of the White House's eVTOL Integration Pilot Program and may begin flights as early as this year. 10 stocks we like better than Joby Aviation › Joby Aviation (NYSE: JOBY) is a leading developer of flying taxis, more formally known as electric vertical take-...
Key Points Joby plans to launch air taxi services with its first vertiport at Dubai International Airport in the first quarter. It's also part of the White House's eVTOL Integration Pilot Program and may begin flights as early as this year. 10 stocks we like better than Joby Aviation › Joby Aviation (NYSE: JOBY) is a leading developer of flying taxis, more formally known as electric vertical take-off and landing (eVTOL) aircraft. These vehicles could potentially change the nature of transportation, allowing people to fly high above the city and skip ahead of the traffic grid below. Joby has big plans for this year, but it also has some work to do before it becomes commercially viable. Here's what investors need to know. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Joby is making progress in the Dubai and U.S. markets Joby Aviation is working closely with regulators in the United Arab Emirates (UAE) and plans to launch its air taxi services in the region as soon as this year. The eVTOL developer has a six-year exclusive partnership with the Road and Transport Authority to build its first vertiport at Dubai International Airport. The vertiport was roughly 60% complete as of November, and the company expects construction to be completed sometime in the first quarter of this year. Three additional landing sites will be placed at major local landmarks, including the Dubai Mall, Atlantis the Royal, and The American University of Dubai. The company has received permission to fly from local civil aviation authorities and has conducted demonstration flights at the Dubai Airshow. Joby plans to start its first passenger flights in Dubai this year, demonstrating its ability to offer air taxi services and gauging demand for it. In the U.S., Joby has entered the final stage of its certification process known as Type Inspection Authorization. Joby is part of...
New York, February 2, 2026, 18:13 EST — After-hours Palantir shares held steady in late after-hours trading, following a sharp initial reaction to the earnings report. The company reported Q4 revenue up 70% and set 2026 revenue guidance significantly higher than analysts expected. Investors are closely monitoring if soaring U.S. commercial demand can justify the high valuation. Palantir Technologi...
New York, February 2, 2026, 18:13 EST — After-hours Palantir shares held steady in late after-hours trading, following a sharp initial reaction to the earnings report. The company reported Q4 revenue up 70% and set 2026 revenue guidance significantly higher than analysts expected. Investors are closely monitoring if soaring U.S. commercial demand can justify the high valuation. Palantir Technologies Inc. shares edged slightly to $147.76 in late after-hours Monday, following a rollercoaster first response to its quarterly earnings and guidance. The stock ended the regular session up roughly 0.8% at $147.80, but in extended hours it swung between $144 and $161, with volume surpassing 71 million shares. (Yahoo Finance) The print matters for more than just Palantir. It’s become a barometer for how quickly major U.S. institutions are moving from AI pilots to fully operational systems that generate revenue, and whether that spending holds up as tech budgets get squeezed. The timing is tricky for high-multiple software stocks. On every earnings call, investors press the same point: deliver margins, prove cash flow, and skip the vague “platforms” talk. Palantir posted Q4 revenue of $1.407 billion, a 70% jump from the prior year, alongside adjusted EPS of $0.25. The company projects Q1 revenue in a tight range of $1.532 billion to $1.536 billion. For the full year 2026, it expects revenue between $7.182 billion and $7.198 billion, with U.S. commercial revenue surpassing $3.144 billion. CEO Alex C. Karp highlighted Palantir’s “Rule of 40” score at an impressive 127% — a figure combining revenue growth and adjusted operating margin. (SEC) The company reported a 137% jump in U.S. commercial revenue to $507 million, while U.S. government revenue climbed 66% to $570 million for the quarter. It closed 180 deals, each valued at $1 million or more, and recorded a total contract value—representing the potential lifetime value of contracts signed during the period—of $4.262 billion, m...
After his arrival, Homan said that authorities were working on a plan to "draw down" federal agents in Minneapolis, but that changes in the operation would depend on how much state and local officials co-operate with federal authorities.
After his arrival, Homan said that authorities were working on a plan to "draw down" federal agents in Minneapolis, but that changes in the operation would depend on how much state and local officials co-operate with federal authorities.
Niall_Majury/iStock Unreleased via Getty Images Shares of Peakstone Realty Trust ( PKST ) have been an excellent performer over the past year, essentially doubling in value. PKST’s transformation has paid off, with its realigned asset base enabling PKST to sell itself for a significant premium. I last covered shares of Peakstone in December when I upgraded them to a “ B uy,” and this was a well-ti...
Niall_Majury/iStock Unreleased via Getty Images Shares of Peakstone Realty Trust ( PKST ) have been an excellent performer over the past year, essentially doubling in value. PKST’s transformation has paid off, with its realigned asset base enabling PKST to sell itself for a significant premium. I last covered shares of Peakstone in December when I upgraded them to a “ B uy,” and this was a well-timed call. Shares are now up over 50%, thanks to the Brookfield announcement, and with this news, now is a good time to determine how investors should proceed. PKST could resume a dividend if the deal slips beyond Aug. 2, though I view that as unlikely given this purchase should face no meaningful regulatory scrutiny. Seeking Alpha On Monday , Feb. 2, Peakstone announced it agreed to sell itself to Brookfield Asset Management, a leading alternative asset manager with a focus on real estate and other real assets, making PKST a natural fit inside its portfolio. This $21 purchase price represented a 34% premium to where shares were trading, a healthy premium. Brookfield expects to close the deal by the end of Q2, and during this time, PKST will not pay a common dividend. As part of the deal, Peakstone has a 30-day go-shop period, which is fairly typical of deals with private equity. During this time, Peakstone has the ability to solicit third-party bids that would be higher than the $21 Brookfield is paying. Under the terms of the deal , PKST would have to pay $16-$34 million to Brookfield if it chooses a higher bid. This is $0.40-$0.90/share, which is reasonable, and while it reduces the potential of other bids materializing, it is not so large as to block such bids. Still, given the premium Brookfield is paying to where shares traded as well as book value, I do not expect other bidders to materialize in the ~$23+ range that would lead to a different deal. Separately, I would note that if Brookfield cannot complete the deal, it will pay $122 million. This is about $3.30 per sh...
Elon Musk’s SpaceX has taken over his artificial intelligence company xAI in a merger aimed at deploying space-based data centres, a statement said on Monday. The acquisition combines SpaceX’s rocket capabilities with xAI’s AI technology to create what Musk in the statement called “the most ambitious, vertically-integrated innovation engine on (and off) Earth”. The combined company is expected to ...
Elon Musk’s SpaceX has taken over his artificial intelligence company xAI in a merger aimed at deploying space-based data centres, a statement said on Monday. The acquisition combines SpaceX’s rocket capabilities with xAI’s AI technology to create what Musk in the statement called “the most ambitious, vertically-integrated innovation engine on (and off) Earth”. The combined company is expected to price shares at about US$527 each and would have a valuation of US$1.25 trillion, Bloomberg News reported. Advertisement The deal was announced in a statement on SpaceX’s website signed by Musk and confirmed the Bloomberg report. The merger would represent one of the most high-profit corporate pairings in Silicon Valley, blending a space-and-defence contractor with a rapidly evolving AI developer whose costs are dominated by chips, data centres and energy. Advertisement SpaceX and the AI start-up were in discussions to merge ahead of a blockbuster public offering planned for later this year, Reuters had reported on Thursday, to bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof.
Today, Feb. 2, 2026, volatility continues in commodities while manufacturing data boosts markets. Markets steadied today after last week’s choppy finish. The S&P 500 (^GSPC +0.54%) rose 0.54% to 6,976.44, the Nasdaq Composite (^IXIC +0.56%) added 0.56% to 23,592.11. The Dow Jones Industrial Average (^DJI +1.05%) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market ...
Today, Feb. 2, 2026, volatility continues in commodities while manufacturing data boosts markets. Markets steadied today after last week’s choppy finish. The S&P 500 (^GSPC +0.54%) rose 0.54% to 6,976.44, the Nasdaq Composite (^IXIC +0.56%) added 0.56% to 23,592.11. The Dow Jones Industrial Average (^DJI +1.05%) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market movers Investors are becoming more cautious about companies that spend a lot on AI, particularly whether those investments are paying off, which is dividing tech stocks. Micron Technology (MU +5.42%) jumped again today on bullish analyst commentary, putting it firmly on the positive side of the split. Nvidia (NVDA 2.84%) dipped following news reports about potentially stalled OpenAI investments. Telecommunications heavyweight AT&T (T +0.34%) gained attention after closing its Lumen fiber deal. Walt Disney (DIS 7.20%) lagged after lukewarm growth forecasts in its earnings report. What this means for investors Stocks found their footing again, boosted by positive manufacturing data. Today’s Institute for Supply Management report showed factory activity had grown in January, taking it to its highest point since August 2022. Volatility in precious metals continued. Prices fell further over the weekend, triggering margin calls, and recovered a little during the day. The drops put an end to record-breaking rallies in gold and silver, and raise questions about whether worse is still to come. Investors will be watching after-hours earnings from Palantir Technologies (PLTR +1.03%) today for signs of over- or underperformance. Alphabet (GOOG +1.88%) and Advanced Micro Devices (AMD +3.95%) are also due to report this week. The January jobs report, due Friday, will be delayed because of the partial government shutdown.
Markets steadied today after last week’s choppy finish. The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,976.44, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.56% to 23,592.11. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market movers Investors are becoming more cautious about companies that spend a lot on AI, part...
Markets steadied today after last week’s choppy finish. The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,976.44, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.56% to 23,592.11. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market movers Investors are becoming more cautious about companies that spend a lot on AI, particularly whether those investments are paying off, which is dividing tech stocks. Micron Technology (NASDAQ:MU) jumped again today on bullish analyst commentary, putting it firmly on the positive side of the split. Nvidia (NASDAQ:NVDA) dipped following news reports about potentially stalled OpenAI investments. Telecommunications heavyweight AT&T (NYSE:T) gained attention after closing its Lumen fiber deal. Walt Disney (NYSE:DIS) lagged after lukewarm growth forecasts in its earnings report. What this means for investors Stocks found their footing again, boosted by positive manufacturing data. Today’s Institute for Supply Management report showed factory activity had grown in January, taking it to its highest point since August 2022. Volatility in precious metals continued. Prices fell further over the weekend, triggering margin calls, and recovered a little during the day. The drops put an end to record-breaking rallies in gold and silver, and raise questions about whether worse is still to come. Investors will be watching after-hours earnings from Palantir Technologies (NASDAQ:PLTR) today for signs of over- or underperformance. Alphabet (NASDAQ:GOOG) and Advanced Micro Devices (NASDAQ:AMD) are also due to report this week. The January jobs report, due Friday, will be delayed because of the partial government shutdown. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommenda...
Markets steadied today after last week’s choppy finish. The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,976.44, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.56% to 23,592.11. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market movers Investors are becoming more cautious about companies that spend a lot on AI, part...
Markets steadied today after last week’s choppy finish. The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,976.44, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.56% to 23,592.11. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.05% to 49,407.66 as stocks shook off early commodity-driven selling. Market movers Investors are becoming more cautious about companies that spend a lot on AI, particularly whether those investments are paying off, which is dividing tech stocks. Micron Technology (NASDAQ:MU) jumped again today on bullish analyst commentary, putting it firmly on the positive side of the split. Nvidia (NASDAQ:NVDA) dipped following news reports about potentially stalled OpenAI investments. Telecommunications heavyweight AT&T (NYSE:T) gained attention after closing its Lumen fiber deal. Walt Disney (NYSE:DIS) lagged after lukewarm growth forecasts in its earnings report. What this means for investors Stocks found their footing again, boosted by positive manufacturing data. Today’s Institute for Supply Management report showed factory activity had grown in January, taking it to its highest point since August 2022. Volatility in precious metals continued. Prices fell further over the weekend, triggering margin calls, and recovered a little during the day. The drops put an end to record-breaking rallies in gold and silver, and raise questions about whether worse is still to come. Investors will be watching after-hours earnings from Palantir Technologies (NASDAQ:PLTR) today for signs of over- or underperformance. Alphabet (NASDAQ:GOOG) and Advanced Micro Devices (NASDAQ:AMD) are also due to report this week. The January jobs report, due Friday, will be delayed because of the partial government shutdown. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 942%* — a market-crushing outperformance compared to 196% for the S&P 500. They just revealed what they believe ar...
Sherry Paul, Managing Director and Private Wealth Advisor at Morgan Stanley Private Wealth Management, says she is encouraging investors to move away from short-term trades and focus on long-term trends. Speaking with Romaine Bostick and Katie Greifeld on "The Close," Paul urges clients to rotate out of mega-cap tech and into themes like AI, automation, and productivity gains. (Source: Bloomberg)
Sherry Paul, Managing Director and Private Wealth Advisor at Morgan Stanley Private Wealth Management, says she is encouraging investors to move away from short-term trades and focus on long-term trends. Speaking with Romaine Bostick and Katie Greifeld on "The Close," Paul urges clients to rotate out of mega-cap tech and into themes like AI, automation, and productivity gains. (Source: Bloomberg)
Image source: The Motley Fool. Monday, February 2, 2026 at 5 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Luc Seraphin Chief Financial Officer — Desmond Lynch TAKEAWAYS Total Revenue -- $190.2 million for the quarter, surpassing internal expectations. -- $190.2 million for the quarter, surpassing internal expectations. Product Revenue -- $96.8 million in the quarter, up 32% year over year, ...
Image source: The Motley Fool. Monday, February 2, 2026 at 5 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Luc Seraphin Chief Financial Officer — Desmond Lynch TAKEAWAYS Total Revenue -- $190.2 million for the quarter, surpassing internal expectations. -- $190.2 million for the quarter, surpassing internal expectations. Product Revenue -- $96.8 million in the quarter, up 32% year over year, with $347.8 million for the full year representing a 41% year-over-year increase, primarily attributed to DDR5 RCD share gains and new product launches. -- $96.8 million in the quarter, up 32% year over year, with $347.8 million for the full year representing a 41% year-over-year increase, primarily attributed to DDR5 RCD share gains and new product launches. Royalty Revenue -- $71.7 million in the quarter, closely matched by licensing billings of $71.5 million. -- $71.7 million in the quarter, closely matched by licensing billings of $71.5 million. Silicon IP Revenue -- $21.8 million in contract and other revenue, primarily from silicon IP, with additional amounts included in royalty revenue and licensing billings. -- $21.8 million in contract and other revenue, primarily from silicon IP, with additional amounts included in royalty revenue and licensing billings. Non-GAAP Net Income -- $74.7 million for the quarter, with full-year cash from operations at a record $360 million, reflecting a 56% year-over-year increase. -- $74.7 million for the quarter, with full-year cash from operations at a record $360 million, reflecting a 56% year-over-year increase. Free Cash Flow -- $91.2 million for the quarter and $320.9 million for the full year, resulting in a 45% margin. -- $91.2 million for the quarter and $320.9 million for the full year, resulting in a 45% margin. Market Share (DDR5 RCD) -- Mid-40% for year-end, up from early-40% in 2024, as noted by CEO Seraphin. -- Mid-40% for year-end, up from early-40% in 2024, as noted by CEO Seraphin. Operating Costs -- $103.2 million fo...