FatCamera/E+ via Getty Images Thesis NovaBridge Biosciences ( NBP ) reported an FY25 GAAP EPS of about -$0.48. So, there have clearly been continued losses, with the company investing pretty heavily in clinical development. Now, even with the negative earnings, the company maintains a decent liquidity position with about $210.8 million in cash and short-term investments. We can expect this sum to ...
FatCamera/E+ via Getty Images Thesis NovaBridge Biosciences ( NBP ) reported an FY25 GAAP EPS of about -$0.48. So, there have clearly been continued losses, with the company investing pretty heavily in clinical development. Now, even with the negative earnings, the company maintains a decent liquidity position with about $210.8 million in cash and short-term investments. We can expect this sum to provide cash runway through to 2028. My upside thesis would hinge more on continued strong clinical validation of Givastomig. I expect this candidate's progression to be a big driver of the stock, particularly if the upcoming data confirms durable efficacy and clean safety. What we want is a smooth transition into a registrational Phase 3 and a potential accelerated approval pathway to add momentum to shares. If we do see this, it would likely drive a significant re-rating of the pipeline with the market starting to assign a much more meaningful value beyond the company’s current near-cash valuation that we're seeing now. NovaBridge Biosciences NovaBridge Biosciences F Y25 results NovaBridge reported FY25 results this week, and the company seems to still be in transition from a restructuring phase into capital-intensive clinical development. As you would then expect, there’s been a hefty increase in R&D spending, now $62.9 million, up from $21.8 million back in 2024. Now, this was mainly driven by acquisitions such as VIS-101 and Bridge Health assets, but they’ve also made some progress on a few of their lead programs. That being said, it would seem that management’s focus right now is strategic prioritisation of pipeline acceleration over near-term profitability. They reported a net loss from continuing operations of about $88.3 million, a lot wider than the year before. However, I don’t see this deterioration as unusual for a biotech firm entering mid-stage trials. As for spending, administrative expenses remained relatively controlled, rising only slightly to $31.4 milli...
Rocket Lab (NASDAQ: RKLB) just completed its 85th mission, further strengthening the case that the business is executing at a high level. But with options activity surging and expectations already elevated, the bigger opportunity may come down to whether the stock can still justi
Rocket Lab (NASDAQ: RKLB) just completed its 85th mission, further strengthening the case that the business is executing at a high level. But with options activity surging and expectations already elevated, the bigger opportunity may come down to whether the stock can still justi
After recent losses in trials related to social-media practices, the tech company began taking down ads on its apps meant to attract eligible plaintiffs.
After recent losses in trials related to social-media practices, the tech company began taking down ads on its apps meant to attract eligible plaintiffs.
(RTTNews) - Dynacor Group Inc. (DNG.TO), an ore processing company for gold production, announced Thursday the appointment of Daniel Misiano as President & CEO immediately following the June 2026 Annual Shareholder Meeting.
(RTTNews) - Dynacor Group Inc. (DNG.TO), an ore processing company for gold production, announced Thursday the appointment of Daniel Misiano as President & CEO immediately following the June 2026 Annual Shareholder Meeting.
(RTTNews) - The U.S. economy grew by less than previously estimated in the fourth quarter of 2025, according to a revised data released by the Commerce Department on Thursday.
(RTTNews) - The U.S. economy grew by less than previously estimated in the fourth quarter of 2025, according to a revised data released by the Commerce Department on Thursday.
Vuzix ( VUZI ) on Thursday said it is expanding its reach into the global veterinary medical market through a reseller agreement with Movora, a global veterinary med-tech company specializing in orthopedic implants, surgical instruments, and continuing education for veterinary professionals. Movora plans to distribute Vuzix M400 smart glasses-based remote support kits through their customer growth...
Vuzix ( VUZI ) on Thursday said it is expanding its reach into the global veterinary medical market through a reseller agreement with Movora, a global veterinary med-tech company specializing in orthopedic implants, surgical instruments, and continuing education for veterinary professionals. Movora plans to distribute Vuzix M400 smart glasses-based remote support kits through their customer growth initiatives to a North American network of veterinary professionals. Source: Press Release More on Vuzix Vuzix Corporation (VUZI) Q4 2025 Earnings Call Transcript Vuzix GAAP EPS of -$0.12 misses by $0.03, revenue of $2.24M beats by $0.32M Seeking Alpha’s Quant Rating on Vuzix Historical earnings data for Vuzix Financial information for Vuzix
US Elemental, a newly formed U.S. lithium development company, will go public on Nasdaq through a business combination with Constellation Acquisition Corp. I ( CSTAF ), the companies said on Thursday. The company will hold the McDermitt Lithium Project in Oregon, one of the largest U.S. lithium resources with about 21.5 million tonnes of lithium carbonate equivalent, and the Clayton North Project ...
US Elemental, a newly formed U.S. lithium development company, will go public on Nasdaq through a business combination with Constellation Acquisition Corp. I ( CSTAF ), the companies said on Thursday. The company will hold the McDermitt Lithium Project in Oregon, one of the largest U.S. lithium resources with about 21.5 million tonnes of lithium carbonate equivalent, and the Clayton North Project in Nevada. The deal implies a pro forma enterprise value of approximately $571 million. Jindalee Lithium (ASX: JLL), the parent of HiTech Minerals, which owns the U.S. assets, will roll over 100% of its equity and retain a majority stake in US Elemental. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and shareholder consent, and includes a planned capital raise of $20-30 million. Source: Press Release More on Constellation Acquisition Corp I Financial information for Constellation Acquisition Corp I
The Czech Republic is seeking to extend the operating life of the Dukovany nuclear power station into the mid-2060s after safety analysis indicated the plant can run longer than originally planned. Dukovany’s four reactors could run for a total of 80 years, according to Deputy Prime Minister Karel Havlicek , meaning they could operate until around 2065 to 2067, subject to continued investment. Pri...
The Czech Republic is seeking to extend the operating life of the Dukovany nuclear power station into the mid-2060s after safety analysis indicated the plant can run longer than originally planned. Dukovany’s four reactors could run for a total of 80 years, according to Deputy Prime Minister Karel Havlicek , meaning they could operate until around 2065 to 2067, subject to continued investment. Prior to the analysis, power utility CEZ AS had expected operations to last 60 years. “Eighty-year operation is starting to become a trend in the world,” CEZ Chief Executive Officer Daniel Benes said Thursday at a press briefing alongside Havlicek. “We see this as realistic in our country, assuming regular evaluation of the condition of the facility and safety of operation.” The landlocked country, which has limited options for wind and solar power, is hoping atomic energy can help it reduce its reliance on fossil fuels. Dukovany’s four reactors were commissioned in the mid-1980s and CEZ has been gradually carrying out upgrades and extending the plant’s life. The government also plans to add new reactors at the Dukovany site, where Korea Hydro & Nuclear Power Co. has been selected as the preferred bidder in a multibillion-dollar tender for two units. It expects the first to start operating in 2036.
Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country’s fifth largest supermarket chain. The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than £600m in UK growth, creating almost 2,000...
Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country’s fifth largest supermarket chain. The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than £600m in UK growth, creating almost 2,000 jobs as it expands its warehouse and logistic network to supply its new outlets. Continue reading...
(RTTNews) - Bitmine Immersion Technologies, Inc. (BMNR), a Bitcoin and Ethereum network company, on Thursday announced its successful uplisting to the New York Stock Exchange, with its shares set to begin trading at market open on April 9, 2026, under the ticker symbol "BMNR."
(RTTNews) - Bitmine Immersion Technologies, Inc. (BMNR), a Bitcoin and Ethereum network company, on Thursday announced its successful uplisting to the New York Stock Exchange, with its shares set to begin trading at market open on April 9, 2026, under the ticker symbol "BMNR."
The dollar and oil are trading in lockstep in the wake of the US-Iran ceasefire this week, tightening the relationship between them to near-record levels. A gauge that tracks the correlation between the benchmark price of US oil and Bloomberg’s dollar index over a 30-day period has spiked since early March, and is now approaching the peak last seen a year ago when President Donald Trump announced ...
The dollar and oil are trading in lockstep in the wake of the US-Iran ceasefire this week, tightening the relationship between them to near-record levels. A gauge that tracks the correlation between the benchmark price of US oil and Bloomberg’s dollar index over a 30-day period has spiked since early March, and is now approaching the peak last seen a year ago when President Donald Trump announced aggressive trade tariffs. The dollar index slid as much as 1.1% to a four-week low on Wednesday as news of the temporary truce sent US crude oil prices plunging by 16%. The greenback was steady Thursday as oil gained 5% amid signs that the ceasefire was fraying ahead of peace talks scheduled for Friday. “In this war there are no other major drivers of FX at the moment, so correlations have centered on oil,” said Noah Buffam , strategist at CIBC Capital Markets. “Risks of a breakdown in talks should keep some risk premium in the dollar.” The dollar has several direct links to oil, which have underpinned the close correlation since early March. The US is the world’s top oil producer, with the war in Iran pushing overseas demand for its output to record levels. Abundant domestic supply means the US economy is better positioned to withstand an energy price shock. The greenback is also the currency of global crude trade. Read more: Dollar Enjoys Petrocurrency Status as Oil Drives Markets Options markets reflect the link. Sentiment, as depicted by so-called risk reversals, turned sharply more bullish for the greenback as Brent climbed above $110. The relationship was especially clear beyond the short-term, with one-month and one-year dollar-bullish options moving closely with crude. News of the ceasefire prompted a partial unwinding of those bets on dollar strength, led by the one-week tenor. Still, all maturities remain well above pre-war levels, suggesting the dollar continues to reflect an oil premium. The currency has also benefited from haven flows during the market turmoil ...
Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source:...
Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source: Bloomberg The YoY Core decline is coming off January's highest level since March 2024, with Services cost inflation slowing notably... The headline PCE also rose 0.4% MoM (as expected - the biggest MoM rise since Feb 2025 ), up 2.8% YoY (also as expected)... Source: Bloomberg Under the hood, we saw a notable jump in non-durable goods prices... Source: Bloomberg The much-watched SuperCore PCE (Services Ex-Shelter rose 0.2% MoM with the YoY rise tumbling to +3.2% - in line with its lowest level since March 2021... Under the hood, Recreation Services and Healthcare saw the largest deceleration MoM... For those worried about the impact of crude oil's recent surge (since the start of the Iran war), it appears - somehow - that PCE's Energy component has already front-run some of the move but there's a lot more pain to come for March... Source: Bloomberg Higher prices were met with lower incomes (-0.1% MoM vs +0.3% MoM exp) and higher spending (+90.5% MoM vs +0.6% MoM exp)... Source: Bloomberg Income growth is slowing significantly while spending is accelerating... Source: Bloomberg Adjusted for inflation, real spending rose 2.5% YoY - the highest since Oct 2025 ... Source: Bloomberg After jumping from 3.9% to 4.5% in January, Americans' savings rate dropped back to 4.0% in Feb (after another huge revision in late 2025), basically at the weakest level since Nov 2023... Source: Bloomberg So spending solid as incomes fell and prices are rising... but this is all pre-war, so a large pinch of salt is required. Tyler Durden Thu, 04/09/2026 - 08:45
travellinglight/iStock via Getty Images By Lynn Song, Chief Economist, Greater China CNY has outperformed most currencies vis-a-vis the dollar this year The Chinese yuan has tended to fall in the middle of the pack in terms of its performance versus the US dollar in the past few years, as the currency stability objective of the People's Bank of China has led to very limited movement in the yuan. T...
travellinglight/iStock via Getty Images By Lynn Song, Chief Economist, Greater China CNY has outperformed most currencies vis-a-vis the dollar this year The Chinese yuan has tended to fall in the middle of the pack in terms of its performance versus the US dollar in the past few years, as the currency stability objective of the People's Bank of China has led to very limited movement in the yuan. This has changed so far in 2026. Year-to-date, the CNY has actually been one of the notable outperformers against the USD, up 2.3%, easily outperforming most other Asian currencies on the year. Since the outbreak of the Iran war to the time of writing, the yuan (CNY) and the offshore yuan (CNH) are the only currencies in our tracked basket that have actually gained against the USD. So what's the story behind this surprising outperformance? First, the market's bullish sentiment has carried forward. We wrote about the building bullish sentiment in the last update of this report in January. In our conversations with a wide range of market participants, we note that this bullish sentiment on the CNY remains intact and seemingly quite widespread. Second, policymakers appear content to allow for further CNY strengthening. There was some question about this when policymakers cut the foreign exchange risk reserve ratio from 20% to 0% in what was an apparent attempt to halt the pace of CNY appreciation. However, after the outbreak of the Iran war, and the immediate spike in oil prices, there appeared to be a change of heart, as the PBoC's daily fixings suggested a tolerance for further appreciation. Third, macro level drivers continue to suggest room for further appreciation of the CNY versus the USD if the situation in the Middle East is brought under control. China's exports are off to another strong start this year, suggesting that the current account surplus is going to remain a positive factor for the yuan. Meanwhile, the currency has largely weathered the widening US–China yiel...
faithiecannoise/iStock via Getty Images By Michiel Tukker , Senior UK & Eurozone Rates Strategist Oil in the driver's seat brings great uncertainty Markets have been driven almost entirely by the rising energy prices stemming from the Middle East conflict, and GBP money markets are no exception. Whilst two rate cuts were priced in at the end of February, the current curve implies around 30bp of hi...
faithiecannoise/iStock via Getty Images By Michiel Tukker , Senior UK & Eurozone Rates Strategist Oil in the driver's seat brings great uncertainty Markets have been driven almost entirely by the rising energy prices stemming from the Middle East conflict, and GBP money markets are no exception. Whilst two rate cuts were priced in at the end of February, the current curve implies around 30bp of hikes before the end of this year. The Bank of England (BoE) repricing has been relatively more hawkish than the Federal Reserve and the European Central Bank, but we think markets are running a bit ahead of themselves. And the BoE seems to agree with us, as its communication is pushing against a steep hiking cycle. Having said that, the narrative continues to be written by the oil price, which implies we still have plenty of uncertainty ahead. GBP rates markets are more sensitive to oil than peers The market shock since the start of the Iran conflict is evident in money-market spreads, but the impact remains well contained overall. The 3-month spread between SONIA OIS and bank deposits rose by a few basis points during March but remained much tighter than most of 2025. The widening might be attributed to increased demand for liquidity from banks, but given the relatively benign moves, we don’t deem this disconcerting. The sharp moves in 3-month Treasury bill spreads can be explained by the volatility in swap rates, and the general picture does not raise alarm bells. The Iran conflict is triggering some volatility, but nothing concerning When looking at alternative indicators for liquidity in the financial sector, we also don’t find signs of significant market stress. SONIA, for instance, still trades at around 2bp below the bank rate, which means banks’ demand for reserves has not risen materially. This is also consistent with the relatively muted uptake of the BoE’s liquidity facilities. Both the Short-Term Repo (STR) and Indexed Long-Term Repo (ILTR) saw a stable uptake th...