Madison Air Solutions Corp. is seeking to raise as much as $2.23 billion in its initial public offering, in what would be the biggest US listing of an industrial company in close to three decades. The Chicago-based provider of ventilation and filtration systems is selling 82.7 million shares for $25 to $27 each, according to a filing Monday with the US Securities and Exchange Commission. At the to...
Madison Air Solutions Corp. is seeking to raise as much as $2.23 billion in its initial public offering, in what would be the biggest US listing of an industrial company in close to three decades. The Chicago-based provider of ventilation and filtration systems is selling 82.7 million shares for $25 to $27 each, according to a filing Monday with the US Securities and Exchange Commission. At the top of the price range, the IPO would be the biggest by an industrial company in the US since United Parcel Service Inc. went public in a $5.5 billion listing in 1999, according to data compiled by Bloomberg. Madison Air would have a market value of about $13.2 billion at the top of the range, based on the number of outstanding shares listed in the filing. Madison Air’s US commercial business — which includes health care, data centers, manufacturing and logistics — drove about two-thirds of revenue last year, according to the filing. The residential segment includes the AprilAire, Broan-NuTone and Zephyr brands. Investors have rewarded all manner of companies that provide infrastructure and services for data centers. Shares of engineering firm Legence Corp. have advanced 110% since the company’s September IPO, while electrical equipment player Vertiv Holdings Co. has notched a gain of more than 2,000% since going public via a blank-check merger in 2020. The company had net income of $124 million on revenue of $3.34 billion for 2025, compared with net income of $236 million on revenue of $2.62 billion a year earlier. Madison Air’s top 10 customers accounted for about 32% of revenue last year, the filing shows. North America’s aging housing stock, data center growth and reshoring of advanced manufacturing are increasing the size of the estimated $40 billion market for specialized air systems, according to the filing. Read More: Data Center Cooling Demand Will Outlast AI Bubble, Ecolab Says For the latest news on equity capital markets activity in the US, Canada and Latin Americ...
William_Potter/iStock via Getty Images Intel ( INTC ) made a major announcement last week that could cause some new excitement for the firm's shares in the near future: the chipmaker, which strategically reduced its manufacturing footprint in 2024 in order to conserve cash and focus on its restructuring, just announced that it repurchased a 49% joint venture stake related to an Ireland-based manuf...
William_Potter/iStock via Getty Images Intel ( INTC ) made a major announcement last week that could cause some new excitement for the firm's shares in the near future: the chipmaker, which strategically reduced its manufacturing footprint in 2024 in order to conserve cash and focus on its restructuring, just announced that it repurchased a 49% joint venture stake related to an Ireland-based manufacturing plant from Apollo Global Management that will bring its ownership stake back to 100%. The news is significant in its impact not only on investor perceptions, but it could add significantly to Intel’s already improving turnaround prospects. The chip enterprise is pivoting to a fab-centric business model due to surging demand for AI-optimized processors. I like the Apollo announcement, but for the time being I will maintain a hold rating until the firm is seeing narrowing operating losses in its chip manufacturing unit. Data by YCharts Previous rating I rated shares of Intel a strong buy for more than two years (up to January 2026) as I believed the chipmaker had a good chance to turn its business around, especially as it was successful in securing the financial help of strategic anchor investors. Intel has fallen behind AMD ( AMD ) in the server CPU market as well as Nvidia ( NVDA ) in the data center market, however, which presented unique challenges that required asset sales -- such as the Fab 34 in Ireland -- and significant layoffs. I downgraded Intel to hold in January due to persistent losses in the foundry unit. Intel's Apollo deal signals for the first time in years that Intel's business prospects are improving, especially as demand for AI chips keeps surging. With Intel cashed up after a number of strategic investments by other investors last year, I am cautiously optimistic that the chipmaker will be able to improve its margin profile. Intel’s $14.2B Apollo deal is significant for 3 reasons In a major announcement on April 1, 2026, Intel said that it was b...
William_Potter/iStock via Getty Images Intel ( INTC ) made a major announcement last week that could cause some new excitement for the firm's shares in the near future: the chipmaker, which strategically reduced its manufacturing footprint in 2024 in order to conserve cash and focus on its restructuring, just announced that it repurchased a 49% joint venture stake related to an Ireland-based manuf...
William_Potter/iStock via Getty Images Intel ( INTC ) made a major announcement last week that could cause some new excitement for the firm's shares in the near future: the chipmaker, which strategically reduced its manufacturing footprint in 2024 in order to conserve cash and focus on its restructuring, just announced that it repurchased a 49% joint venture stake related to an Ireland-based manufacturing plant from Apollo Global Management that will bring its ownership stake back to 100%. The news is significant in its impact not only on investor perceptions, but it could add significantly to Intel’s already improving turnaround prospects. The chip enterprise is pivoting to a fab-centric business model due to surging demand for AI-optimized processors. I like the Apollo announcement, but for the time being I will maintain a hold rating until the firm is seeing narrowing operating losses in its chip manufacturing unit. Data by YCharts Previous rating I rated shares of Intel a strong buy for more than two years (up to January 2026) as I believed the chipmaker had a good chance to turn its business around, especially as it was successful in securing the financial help of strategic anchor investors. Intel has fallen behind AMD ( AMD ) in the server CPU market as well as Nvidia ( NVDA ) in the data center market, however, which presented unique challenges that required asset sales -- such as the Fab 34 in Ireland -- and significant layoffs. I downgraded Intel to hold in January due to persistent losses in the foundry unit. Intel's Apollo deal signals for the first time in years that Intel's business prospects are improving, especially as demand for AI chips keeps surging. With Intel cashed up after a number of strategic investments by other investors last year, I am cautiously optimistic that the chipmaker will be able to improve its margin profile. Intel’s $14.2B Apollo deal is significant for 3 reasons In a major announcement on April 1, 2026, Intel said that it was b...
India has increased the allocation of natural gas to urea plants as supply improves after disruptions due to the Middle East crisis, according to the oil ministry. Overall gas supply to fertilizer plants has been raised to about 90% of their average consumption, from 70% to 75%, Sujata Sharma, a joint secretary in the ministry, told reporters in New Delhi on Monday. India had faced supply constrai...
India has increased the allocation of natural gas to urea plants as supply improves after disruptions due to the Middle East crisis, according to the oil ministry. Overall gas supply to fertilizer plants has been raised to about 90% of their average consumption, from 70% to 75%, Sujata Sharma, a joint secretary in the ministry, told reporters in New Delhi on Monday. India had faced supply constraints after liquefied natural gas shortages linked to the Iran war forced some urea manufacturers to shut their plants ahead of the monsoon planting season. LNG is a key raw material to produce the crop nutrient, and the nation is the world’s largest importer of urea, a type of fertilizer. The government made the decision to increase the gas allocation based on available inventory and scheduled LNG arrivals, according to an oil ministry statement on Sunday. The nation is also looking to secure imports, with Indian Potash Ltd. issuing a tender over the weekend to buy 2.5 million tons of urea. It regularly purchases the crop nutrient through global tenders to meet local demand. Sowing for the new crop, especially rice, corn and soybeans, is set to begin in a couple of months.
MicroStockHub/iStock via Getty Images When markets get ugly, most investors start asking the same question: where do I hide? That usually leads them to the wrong answer. They look for stocks that will not move, businesses that will not disappoint, or some magical corner of the market that will stay green while everything else turns red. That is not how it works. A safe stock is not a stock that ne...
MicroStockHub/iStock via Getty Images When markets get ugly, most investors start asking the same question: where do I hide? That usually leads them to the wrong answer. They look for stocks that will not move, businesses that will not disappoint, or some magical corner of the market that will stay green while everything else turns red. That is not how it works. A safe stock is not a stock that never falls. A safe stock is a business that can take a punch, keep generating cash flow, keep paying shareholders, and still look stronger a few years later. That is a very different definition of safety. If you invest long enough, you will learn one thing quickly: volatility is unavoidable. Even the best businesses will get dragged down in corrections, recessions, rate scares, and sentiment-driven selloffs. The real objective is not to avoid turbulence. It is to own companies that can go through it and come out fine on the other side. That is where “safe stocks” are found. That search often starts with a simple idea: focus on companies with healthy fundamentals, a strong business model, and a positive Dividend Triangle . That means revenue, earnings, and dividends are all trending in the right direction. It is not a prediction tool. It is a filter that helps you spend time on businesses with real momentum behind them rather than stories investors are trying to sell each other. Here are a few categories into which it can translate. The Business Models That Refuse to Die The easiest place to begin is with recession-resistant business models. You do not need a PhD in finance to identify them. These are businesses selling products or services people keep buying whether the economy is booming or stumbling. Think household essentials, groceries, utilities, insurance, payment networks, and critical business services. This is why consumer staples always come up in a conversation about safety. A company like Procter & Gamble ( PG ) does not rely on consumer excitement. It relies on ...
Neurocrine Biosciences ( NBIX ) has agreed to acquire Soleno Therapeutics ( SLNO ) for $53 per share in cash, valuing the deal at approximately $2.9B. Under the terms of the merger agreement, Neurocrine, through a subsidiary, will commence a cash tender offer to acquire all of the outstanding shares of Soleno's common stock at a price of $53.00 per share, representing a premium of ~34% to Soleno's...
Neurocrine Biosciences ( NBIX ) has agreed to acquire Soleno Therapeutics ( SLNO ) for $53 per share in cash, valuing the deal at approximately $2.9B. Under the terms of the merger agreement, Neurocrine, through a subsidiary, will commence a cash tender offer to acquire all of the outstanding shares of Soleno's common stock at a price of $53.00 per share, representing a premium of ~34% to Soleno's closing share price on April 2, 2026. Soleno ( SLNO ) is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The firm’s first commercial product, VYKAT XR (diazoxide choline) extended-release tablets, formerly known as DCCR, is a once-daily oral treatment for hyperphagia in adults and children 4 years of age and older with Prader-Willi syndrome. Since its FDA approval and successful U.S. launch in the second quarter of 2025, VYKAT XR has demonstrated strong early adoption, generating $190M in 2025 revenue, including $92M for Soleno in the fourth quarter alone. "This transaction will advance Neurocrine's mission to deliver life-changing treatments while accelerating our revenue growth and portfolio diversification strategy,” said Kyle Gano, chief executive officer, Neurocrine Biosciences. The boards of directors of both companies have approved the transaction, which is expected to close within 90 days of this announcement, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals. The transaction will be funded with cash on hand, and Neurocrine plans to optimize its capital structure by taking on a modest amount of pre-payable debt. SLNO shares jumped nearly 40% premarket to $54.95. Neurocrine Biosciences ( NBIX ) shares fell 2.7% to $127.95. More on Soleno Therapeutics Soleno Therapeutics, Inc. (SLNO) Q4 2025 Earnings Call Transcript Soleno Therapeutics: Why I'm Staying On The Sidelines Soleno Therapeutics rallies on report of $2.5B Neurocrine buyout talks Neurocrine nears $2.5B...
Netflix are poised to go higher after the company recently raised its subscription prices, according to Goldman Sachs. The investment firm upgraded the streaming giant to buy from neutral. It also hiked its price target on shares to $120 from $100, implying 21.6% upside from Thursday's close. "We see NFLX focused on a strategic roadmap around allocating capital toward both a) continuing to lead th...
Netflix are poised to go higher after the company recently raised its subscription prices, according to Goldman Sachs. The investment firm upgraded the streaming giant to buy from neutral. It also hiked its price target on shares to $120 from $100, implying 21.6% upside from Thursday's close. "We see NFLX focused on a strategic roadmap around allocating capital toward both a) continuing to lead the broader media industry in content acquisition & development (with an increasing mix allocated to live entertainment, creator/user economy content and gaming) and b) the scope for outsized multi-year capital returns to shareholders (including the ~$2.8b merger termination fee received from PSKY)," Goldman Sachs analyst Eric Sheridan said Sunday in a note to clients. In March, Netflix unveiled its first subscription plan increases since January 2025. The hike came as the company made moves to invest more heavily in live events, video podcasts and other novel content types, in addition to bolstering its existing TV and movie offerings. NFLX YTD mountain NFLX year to date But while that spending may hurt Netflix stock in the short term, there are several other signs that the stock may soon be due for a boost, per Goldman Sachs. For one, Netflix is likely to see its shares rise as its buyback activity normalizes, according to the analyst. In January, the streaming giant said it would stop buying back shares to fund its more than $40 billion bid to acquire Warner Bros. Discovery. However, Netflix signaled it would restart the buyback program after abandoning the acquisition in late February. The investment firm projects that Netflix could repurchase up to roughly 20 to 25% of its current market cap over the next five years, according to its recent note. "Now that Netflix has walked away from the deal (with WBD being acquired by PSKY), we expect a return to more regular capital returns (via buybacks) – management has consistently emphasized buybacks as an effective use of excess...
Good morning . President Trump’s deadline to Iran looms. OPEC+ warns of lasting damage to energy assets. NASA’s Artemis II astronauts are set to fly by the Moon’s far side today. Listen to the day’s top stories . — Tiago Ramos Alfaro Market Snapshot S&P 500 Futures 6,639.00 +0.3% WTI crude oil futures $110.27 -1.1% Bloomberg Dollar Spot Index 1,213.93 -0.2% Market data as of 06:49 AM ET. Data is s...
Good morning . President Trump’s deadline to Iran looms. OPEC+ warns of lasting damage to energy assets. NASA’s Artemis II astronauts are set to fly by the Moon’s far side today. Listen to the day’s top stories . — Tiago Ramos Alfaro Market Snapshot S&P 500 Futures 6,639.00 +0.3% WTI crude oil futures $110.27 -1.1% Bloomberg Dollar Spot Index 1,213.93 -0.2% Market data as of 06:49 AM ET. Data is subject to provider delays. Donald Trump issued a renewed ultimatum to Iran : reopen the Strait of Hormuz or the US will bring “Hell” and destroy Iran’s power plants starting Tuesday. This latest threat, posted on social media and laced with expletives , follows the rescue of a US airman more than a day after his fighter jet was shot down—a development that pierced the aura of invincibility Trump has sought to project as he tries to manage the growing risks of the Iran war (more on that below). Iran, this morning, said “no rational person” would agree to a ceasefire at this point. Axios reported that the US, Iran and regional mediators are discussing terms for a possible 45-day ceasefire. What to watch today: US stock futures edged higher in thin trading with many markets in Europe closed. President Trump will hold a press conference at 1 p.m. ET. At sea, traffic through the Strait of Hormuz has climbed to its highest levels since the early days of the war . Oil tankers carrying crude from Iraq appear to be transiting the chokepoint after Iran said its neighbor had a special exemption . Iraq told Asian traders and refiners they can load its crude, testing buyers’ confidence in the security guarantee. Two tankers carrying liquefied natural gas from Qatar also headed toward the strait, which would mark the first export to buyers outside the region since the war started. So what does this all mean for oil? Prices steadied as traders tracked the report of a push for a ceasefire, Trump’s latest ultimatum and record Saudi crude pricing . OPEC+, the group of key oil producers inclu...
Getty Images Listen below or on the go via Apple Podcasts and Spotify PepsiCo ( PEP ) exits London festival sponsorship after Kanye West named headliner. (00:14) UK tries to woo Anthropic to expand in London amid US clash: report. (01:05) Soleno Therapeutics (SNO) rallies on report of $2.5B Neurocrine ( NBIX ) buyout talks. (02:20) This is an abridged transcript. PepsiCo ( PEP ) has withdrawn its ...
Getty Images Listen below or on the go via Apple Podcasts and Spotify PepsiCo ( PEP ) exits London festival sponsorship after Kanye West named headliner. (00:14) UK tries to woo Anthropic to expand in London amid US clash: report. (01:05) Soleno Therapeutics (SNO) rallies on report of $2.5B Neurocrine ( NBIX ) buyout talks. (02:20) This is an abridged transcript. PepsiCo ( PEP ) has withdrawn its backing from a major London music festival following backlash over the decision to feature Kanye West as the top-billed performer. West, who now goes by Ye, was recently announced as the headline act for the Wireless Festival, set to take place in July at Finsbury Park. Organizers had promoted the event under the branding “Pepsi Max Presents Wireless,” but the beverage giant confirmed it would no longer be involved. The artist is scheduled to perform across all three days of the festival as part of a broader effort to reestablish his career after years of controversy. The booking has also drawn political scrutiny in the U.K. Prime Minister Keir Starmer described the decision as troubling in comments to a British tabloid, adding to pressure surrounding the event. The U.K. is reportedly trying to charm Anthropic to expand its presence in the country . It comes as a fight continues to brew between the AI startup and the U.S. Department of War. The Financial Times reported that staff at the U.K.'s Department for Science, Innovation and Technology have written proposals for Anthropic, which include an office expansion in London and a dual listing. Anthropic and the Department for Science, Innovation and Technology did not immediately respond to a request for comment from Seeking Alpha. Anthropic's CEO Dario Amodei is set to visit Britain in late May as part of a trip to meet European customers and policymakers. Anthropic currently employs about 200 people in the U.K., 60 of them researchers, and last year appointed former prime minister Rishi Sunak as a senior adviser. Last m...
HDFC Bank's ( HDB ) average advances under management rose ~10% year-on-year to ₹29,644 billion in the March 2026 quarter. Period-end advances under management stood at ₹30,575 billion (+10.2%), while gross advances grew ~12% to ₹29,600 billion as of March 31, 2026. Average deposits increased ~12.8% to ₹28,511 billion, driven by CASA growth of ~10.8% to ₹9,184 billion and time deposits growth of ~...
HDFC Bank's ( HDB ) average advances under management rose ~10% year-on-year to ₹29,644 billion in the March 2026 quarter. Period-end advances under management stood at ₹30,575 billion (+10.2%), while gross advances grew ~12% to ₹29,600 billion as of March 31, 2026. Average deposits increased ~12.8% to ₹28,511 billion, driven by CASA growth of ~10.8% to ₹9,184 billion and time deposits growth of ~13.7% to ₹19,327 billion. Period-end deposits rose ~14.4% to ₹31,055 billion, with CASA up ~12.3% to ₹10,605 billion and time deposits up ~15.5% to ₹20,450 billion. Source: Press Release More on HDFC Bank HDFC Bank Limited (HDB) Shareholder/Analyst Call Transcript HDFC Bank Limited (HDB) Q3 2026 Earnings Call Transcript HDFC Bank: A Mixed View Of Business Update And Earnings Preview HDFC Bank moves to review chairman's exit, taps external law firms Baron India Fund adds Le Travenues Technology; exits Godrej Consumer Products, Jio Financial Services among Q4 moves
Although several prominent trends have come and gone since the advent of the internet in the mid-1990s, nothing has excited Wall Street and investors quite like the evolution of artificial intelligence (AI) . PwC analysts foresee this technology creating more than $15 trillion in global economic value by 2030. While much of the attention has been placed on data center infrastructure, an argument c...
Although several prominent trends have come and gone since the advent of the internet in the mid-1990s, nothing has excited Wall Street and investors quite like the evolution of artificial intelligence (AI) . PwC analysts foresee this technology creating more than $15 trillion in global economic value by 2030. While much of the attention has been placed on data center infrastructure, an argument can be made that AI applications titan Palantir Technologies (NASDAQ: PLTR) has stolen the show . Since the start of 2023, shares of Palantir have skyrocketed by more than 2,200%! Image source: Getty Images. Continue reading
Supitnan Pimpisarn/iStock via Getty Images When looking to retire passively on dividends, one of the best strategies is to set up a well-diversified, low-fee portfolio that is filled with high-quality companies that combine attractive current yields with inflation-beating dividend growth outlooks. Then you can simply buy and hold for the long term while letting the dividends flow in. One of the be...
Supitnan Pimpisarn/iStock via Getty Images When looking to retire passively on dividends, one of the best strategies is to set up a well-diversified, low-fee portfolio that is filled with high-quality companies that combine attractive current yields with inflation-beating dividend growth outlooks. Then you can simply buy and hold for the long term while letting the dividends flow in. One of the best funds for building the foundations of such a portfolio is the Schwab U.S. Dividend Equity ETF ( SCHD ). However, by itself, it has several deficiencies that can be addressed by buying other high-quality dividend compounders. This article details why SCHD is such a good core component for a retirement portfolio that aims to be relatively hands-off and generate sufficient dividends over the long term to cover living expenses, and what some of the best diversification tools are for building such a portfolio. Why SCHD Stands Apart SCHD is one of the best dividend growth machines out there because it combines a very low 0.06% expense ratio, which is among the very cheapest in the entire ETF universe and is lower than many dividend funds out there. We're also being well diversified across blue chip dividend growth stocks, as it holds about 100 blue chip dividend payers that are selected based on their yield, payout ratio, dividend growth, and cash flow. Another perk is that it has a portfolio that is well diversified across other sectors, including: Health care ( XLV ) Financials ( XLF ) Energy ( XLE ) Consumer staples ( XLP ) Industrials ( XLI ) Not only that, but its dividend yield is around 3.5%, which is much higher than many of its peers like Vanguard Dividend Appreciation Index Fund ETF ( VIG ), Vanguard High Dividend Yield ETF ( VYM ), iShares Core Dividend Growth ETF ( DGRO ), and WisdomTree US Quality Dividend Growth Fund ( DGRW ). SCHD's Unmatched Track Record Perhaps best of all is the fact that SCHD has a 10-year annualized dividend growth rate of well over 10%. Ad...
After a meteoric decade in music, supporting the likes of Madonna and Beyoncé, the 36-year-old Venezuelan crashed out. Now the nightmarish paintings that got her back on track are on display Before Arca had released eight albums, including her Kick pentalogy; before she had collaborated with Björk and Rosalía and supported Beyoncé and Madonna in concert; the electronic musician, real name Alejandr...
After a meteoric decade in music, supporting the likes of Madonna and Beyoncé, the 36-year-old Venezuelan crashed out. Now the nightmarish paintings that got her back on track are on display Before Arca had released eight albums, including her Kick pentalogy; before she had collaborated with Björk and Rosalía and supported Beyoncé and Madonna in concert; the electronic musician, real name Alejandra Ghersi, was a young teen in her Caracas bedroom, uploading 3D animations to DeviantArt , the early-00s social media site for artists. “As many renderings as my family’s computer could handle,” the 36-year-old recalls. This interest in visual art comes full circle when the musician opens her first institutional exhibition at the ICA in London. Continue reading...