Celldex Therapeutics ( CLDX ) priced an underwritten public offering of ~10.3M shares at a public offering price of $29.00 per share. All of the shares to be sold in the offering are to be sold by Celldex. The underwriters have a 30-day option to purchase up to an additional ~1.55M shares. The company expects to receive gross proceeds from the offering of ~$300M. The offering is expected to close ...
Celldex Therapeutics ( CLDX ) priced an underwritten public offering of ~10.3M shares at a public offering price of $29.00 per share. All of the shares to be sold in the offering are to be sold by Celldex. The underwriters have a 30-day option to purchase up to an additional ~1.55M shares. The company expects to receive gross proceeds from the offering of ~$300M. The offering is expected to close on or about April 6, 2026. The net proceeds will fund commercial readiness and potential U.S. launch of barzolvolimab for chronic spontaneous urticaria ( CSU ), if approved, alongside clinical/preclinical development of product candidates, bispecific antibody platform growth, pipeline expansion, and general corporate purposes. The stock price dropped about 3.5% on Thursday during pre-market trade. More on Celldex Celldex Therapeutics, Inc. (CLDX) Presents at Leerink Global Healthcare Conference 2026 Transcript Celldex Therapeutics, Inc. (CLDX) Presents at TD Cowen 46th Annual Health Care Conference Transcript Celldex Therapeutics announces public offering of common stock Celldex surges after completing enrollments in late-stage trials for lead asset Seeking Alpha’s Quant Rating on Celldex
In the end, Elon Musk’s Department of Government Efficiency, or Doge, sort of just … fizzled out. So did Musk save the taxpayer any money? What happened the people who lost their jobs in the mass bureaucratic culling? What services were affected? Will Americans ever trust their government again? Jonathan Freedland speaks to author Sasha Abramsky about his new book, American Carnage: How Trump, Mus...
In the end, Elon Musk’s Department of Government Efficiency, or Doge, sort of just … fizzled out. So did Musk save the taxpayer any money? What happened the people who lost their jobs in the mass bureaucratic culling? What services were affected? Will Americans ever trust their government again? Jonathan Freedland speaks to author Sasha Abramsky about his new book, American Carnage: How Trump, Musk, and DOGE Butchered the US Government , and about what lasting legacy of Doge will be Archive: CBS News, ABC News, CNBC, Fox11 Los Angeles, Fox13 Seattle, Bloomberg, Fox News Continue reading...
Last year was a transitional year for Rivian Automotive (NASDAQ: RIVN) and its investors. It was a strategic shift to focus on cost-cutting, factory retooling, and preparing for the highly anticipated launch of its lower-priced R2 model. That left investors grappling with annual declines in production and deliveries, along with muted marketing at a time that the electric vehicle (EV) industry was ...
Last year was a transitional year for Rivian Automotive (NASDAQ: RIVN) and its investors. It was a strategic shift to focus on cost-cutting, factory retooling, and preparing for the highly anticipated launch of its lower-priced R2 model. That left investors grappling with annual declines in production and deliveries, along with muted marketing at a time that the electric vehicle (EV) industry was already slowing down after the end of the $7,500 EV tax credit and other policy changes. With 2026 now in full swing, not only do investors have the R2 launch to digest, it's worth remembering there's still a potential catalyst many have forgotten. For many, investors Rivian became more of a household name when Amazon (NASDAQ: AMZN) ordered 100,000 of its electric delivery vans (EDVs) and put the young EV maker on the map. Amazon initially funded the development of the EDV, and in return Rivian signed a four-year exclusivity deal. That agreement was amended in 2023 to allow the company to begin selling EDVs to other commercial customers. Continue reading
The artificial intelligence (AI) era continues to gain momentum. Total capital expenditures among top AI companies could hit $700 billion this year. All these investments have driven a chip supercycle that has propelled Nvidia (NASDAQ: NVDA) , the runaway leader in AI GPU chips, to mind-blowing growth over the past several years. But the AI industry is already changing, and quickly. Demand for AI ...
The artificial intelligence (AI) era continues to gain momentum. Total capital expenditures among top AI companies could hit $700 billion this year. All these investments have driven a chip supercycle that has propelled Nvidia (NASDAQ: NVDA) , the runaway leader in AI GPU chips, to mind-blowing growth over the past several years. But the AI industry is already changing, and quickly. Demand for AI inference is surging as companies begin applying AI models to real-world applications, which emphasizes chip efficiency over raw performance. Broadcom (NASDAQ: AVGO) has emerged as a power player in this space, designing custom AI accelerator chips for multiple top AI companies. Both stocks have been absolute home runs since early 2023, but have pulled back from their highs amid recent market volatility. Which AI chip titan is most likely to add to your wealth in this ongoing supercycle? Continue reading
Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains. Prime Minister Anthony Albanese announced a temporary pause in a sales tax increase on fuels on Thursday, shaving fuel excise by 5.7 Australian cents (3.9 US cents) a liter for three months. That comes after Monday’s announcement that the excise duty would be halved, to 26 Au...
Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains. Prime Minister Anthony Albanese announced a temporary pause in a sales tax increase on fuels on Thursday, shaving fuel excise by 5.7 Australian cents (3.9 US cents) a liter for three months. That comes after Monday’s announcement that the excise duty would be halved, to 26 Australian cents a liter, as well as previous steps to lower costs, such as releasing some reserves. Most of Australia’s fuel is imported, which has left it exposed to global supply shocks as the war in Iran tightens markets. Prices at the pump have surged to records in recent weeks, and some service stations have run dry . Albanese’s center-left government has moved to reassure motorists that fuel shipments to the country remain stable, attributing shortages in some areas to panic buying and distribution bottlenecks rather than supply disruptions. In the week to March 29, national gasoline and diesel costs soared to a record average of A$2.52 a liter, although prices at the pump appear to have eased since Monday’s announcement. The average price of Unleaded 91 fuel in New South Wales was about A$2.32 a liter on Thursday. “It wasn’t as expensive to fill up just now as I feared,” said Rachel, who was refueling at a Shell Plc service station in Melbourne and declined to give her last name. She said she has been using public transport “almost every day” since the Victorian government made buses, trains and trams free for April. Australian State Triggers Emergency Powers Amid Fuel Crisis Australia Aims to Use LNG Clout to Secure Asian Fuel Supplies Are Australia’s Low Fuel Reserves Cause for Concern?: Explainer A 12,000-Mile Journey Shows the World’s Scramble for Diesel
grandriver/iStock via Getty Images Shares of Hess Midstream ( HESM ) have been a poor performer over the past year, losing about 11% of their value (though the stock does pay an ~8% dividend yield). Shares were hit hard during the second half of 2025 as concerns grew about Chevron ( CVX ) reducing its drilling activity in the Bakken given its higher costs, raising fears about long-term production ...
grandriver/iStock via Getty Images Shares of Hess Midstream ( HESM ) have been a poor performer over the past year, losing about 11% of their value (though the stock does pay an ~8% dividend yield). Shares were hit hard during the second half of 2025 as concerns grew about Chevron ( CVX ) reducing its drilling activity in the Bakken given its higher costs, raising fears about long-term production levels and cash flow even as near-term results are protected by contractual minimum volume commitments (“MVC”). The recent rise in prices, driven by the Iran War, has lifted shares in the thinking that higher prices could spur more drilling. Since I rated HESM a "S trong Buy" in December , shares have gained 10%, and with questions about the future of the war and energy prices, now is a good time to revisit shares. Seeking Alpha Hess Midstream struggled in the middle of last year amid concerns about long-term production in the Bakken region, given its higher-cost base than plays like the Permian. Indeed, Chevron is now operating just three rigs in the Bakken, which should essentially keep oil production flat through 2028, while gas production should increase modestly. We need to see prices above $70 to feel comfortable about long-term production trends, and much of last year, we fell below that level. Seeking Alpha With prices having surged to about $100, Bakken drilling economics are now much more favorable. There is a tremendous amount of uncertainty around the Iran War and, in particular, how long flow through the Strait of Hormuz is impaired. The longer this goes on, the more likely prices are to stay high. Even after an eventual resolution, heightened geopolitical risk may keep prices a bit higher. Plus, in my view, the world has already lost over 300-350 million barrels (given a 10-12M daily shortfall) meaning the market is structurally tighter. Plus, curtailments that have occurred in the Middle East cannot immediately be reversed. There will be at least a 500-millio...
primeimages/iStock via Getty Images Asian equity markets traded lower on Thursday as investor sentiment weakened due to mixed signals from US President Donald Trump about the conflict in the Middle East. Trump stated in a national address that the war in Iran was “very close” to completing its goals, but he also warned of possible escalation in military actions while diplomatic efforts continue. H...
primeimages/iStock via Getty Images Asian equity markets traded lower on Thursday as investor sentiment weakened due to mixed signals from US President Donald Trump about the conflict in the Middle East. Trump stated in a national address that the war in Iran was “very close” to completing its goals, but he also warned of possible escalation in military actions while diplomatic efforts continue. He did not provide a clear timeline for the conflict's end. Bitcoin ( BTC-USD ) slipped about 2.0% to $66,512 on Thursday after U.S. President Trump struck a hawkish tone in a national address on the Iran conflict. Gold prices declined to around $4,690 per ounce on Thursday, ending a four-day gain. WTI crude futures jumped more than 5% on Thursday, reclaiming levels above $100 per barrel and halting a two-day decline. The benchmark KOSPI slumped 3.87% to around 5,268 on Thursday, reversing the previous session’s gains as renewed geopolitical concerns rattled investors. The South Korean won depreciated past 1,520 per dollar, its lowest since March 2009. Japan ( NKY:IND ) fell 2.65% to around 52,700, while the broader Topix Index slipped 0.9% to 3,600 on Thursday. The Japanese yen slipped to around 159.2 per dollar on Thursday. China's ( SHCOMP ) stock markets fell 0.85% , and the offshore yuan weakened to around 6.88 per dollar, ending a three-day winning streak. The People's Bank of China (PBoC) withdrew cash from the financial system for the first time in a year, a cautious signal that keeps its policy options open as higher oil prices filter through the economy, as reported by Bloomberg. Hong Kong ( HSI ) fell 1.46% to 25,082 on Thursday, extending losses for a second straight session. India ( SENSEX ) fell 1.95% to below 71,700 on Thursday, after a strong 1.8% gain in the previous session. The Indian rupee edged down to around 93.2 per dollar, extending gains for another session. The HSBC India Manufacturing PMI fell to 53.9 in March 2026 from 56.9 in February, slightly h...