Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. It’s known as the “beautiful game.” But it wasn’t that pretty in the final of the premier Africa soccer championship this month, and the fallout between the participants — Senegal and Morocco — has spilled into politics and trade. The nations...
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. It’s known as the “beautiful game.” But it wasn’t that pretty in the final of the premier Africa soccer championship this month, and the fallout between the participants — Senegal and Morocco — has spilled into politics and trade. The nations are now racing to ensure the events of that Africa Cup of Nations showpiece don’t leave lasting scars on one of West Africa’s most important diplomatic and commercial relationships. Senegalese Prime Minister Ousmane Sonko met his Moroccan counterpart, Aziz Akhannouch, in Rabat on Monday, signing cooperation agreements across energy, transport and infrastructure. The two sides also revived a long-dormant bilateral commission, signaling a shared effort to prevent tensions on the pitch from escalating into a lasting political rift. The Jan. 18 match — also in the Moroccan capital — descended into chaos after disputed refereeing decisions sparked a walk-off by Senegal’s players and clashes between supporters and police. Senegalese authorities said they are monitoring the situation of their citizens in Morocco alongside local officials, after reports of arrests and incidents of harassment. “The Moroccan-Senegalese friendship is stronger than emotions,” Sonko said, calling the scenes surrounding the final “deplorable” and urging restraint. “Our common challenges are far more important.” Both governments are working to calm tempers. Ahead of the meeting, King Mohammed VI said that “nothing can alter the closeness cultivated over centuries between our African peoples,” while Sonko stressed the episode “should not extend beyond the realm of sports.” The urgency reflects the high stakes. Morocco is among Senegal’s most important trade and investment partners, with ties spanning banking, insurance, agriculture and infrastructure. The North African nation’s lenders dominate large part...
Trump sends border czar to Minnesota. And, trial over social media addiction begins Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories The Trump administration has replaced Greg Bovino, the Border Patrol official who was the public face of immigra...
Trump sends border czar to Minnesota. And, trial over social media addiction begins Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories The Trump administration has replaced Greg Bovino, the Border Patrol official who was the public face of immigration operations in Minnesota, with Border Czar Tom Homan. Bovino returns to his previous job in California. President Trump yesterday called Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey to discuss the ongoing immigration crackdown in the state. Walz described the president's tone as appearing earnest and more collaborative. Frey said Trump agreed that the present situation in the state cannot continue. toggle caption Roberto Schmidt/AFP via Getty Images 🎧 As protests and vigils grow for Renee Macklin Good and Alex Pretti, mourning Minneapolis residents are demanding justice, Matt Sepic of Minnesota Public Radio tells Up First. Thousands of masked federal agents remain in the streets. Residents are pressing for some assurance that the killings will get a proper investigation. Sepic says there is no indication that the state police and their federal counterparts are working together to investigate the fatal shootings by federal agents. Trump is expected to hold a rally in Iowa today, where he will preview his administration's campaign message ahead of the midterm elections. The event comes as some Republicans criticize his immigration crackdown, which has led to widespread chaos and death. The president expects to shift the focus by discussing the economy and energy prices. Sponsor Message 🎧 The ongoing crises at home and abroad are overshadowing Trump's economic agenda, says NPR's Franco Ordoñez. The turmoil in Minneapolis has made it harder for the president to discuss his preferred talking points. Ryan Williams, a veteran Republican strategist, told Ordoñez tha...
“世界不是由事实构成的,而是由事实之间的关系构成的。” 如果用维特根斯坦的理论来反推 AI 的能力边界,智能的上限或许从一开始就不取决于模型“知道多少”,而取决于它是否理解Context(语境)、规则,以及这些知识在不同场景中如何被使用。 也正是在这一意义上,今天更有竞争力的模型们,开始逐步逼近维特根斯坦后期所说的“语言游戏”:意义并不来自词本身,而来自使用。能否参与这种游戏,决定了 AI 只是一...
“世界不是由事实构成的,而是由事实之间的关系构成的。” 如果用维特根斯坦的理论来反推 AI 的能力边界,智能的上限或许从一开始就不取决于模型“知道多少”,而取决于它是否理解Context(语境)、规则,以及这些知识在不同场景中如何被使用。 也正是在这一意义上,今天更有竞争力的模型们,开始逐步逼近维特根斯坦后期所说的“语言游戏”:意义并不来自词本身,而来自使用。能否参与这种游戏,决定了 AI 只是一个高效的工具,还是正在进入更深层的认知结构。 但这一变化,并没有被舆论第一时间捕捉。过去两年,舆论场被 ChatGPT 与 Claude 轮番占据, 行业习惯将 AI 视为一个整体的、线性的竞赛,更强的模型、更大的参数、更通用的智能被视为唯一的进化方向。 身处一线的从业者,先于市场感知到了“温差”。前OpenAI成员姚顺雨,便在此前AGI会谈上分享到: AI 在 To C 端和 To B 端正遵循不同的发展轨迹。 从 GPT-4 到后续迭代版本,普通 C 端用户的体感差异微乎其微; 但另一边,Claude,已开始深入编程等核心环节,改变程序员们的工作模式。 在 To B 的世界里,智能直接等同于线性的生产力。 企业愿意为最顶级的“大脑”支付高昂溢价。因此,当 AI 应用从简单的 Chatbot 转向嵌入 IDE、CRM 等核心工作流时,那些拥有算力基础设施、掌握行业 Know-how、并能构建闭环环境的“超大规模云厂商”,正在强势接管整个 B 端 AI 市场。 而在 To C 的世界,胜负手从“算力堆叠”转向了对“语境(Context)”的捕捉。 结果是,巨头们在同一方向狂奔,却走向了不同赛道。针对被字节与阿里占据的AI舆论场,马化腾在昨日内部年会定调腾讯AI战略——“每个企业的基因不同、体质不同,腾讯的风格就是稳扎稳打。” 面对外界的AI焦虑,马化腾开场便给全员吃下“定心丸”。与此同时,元宝派的诞生证明腾讯依旧将希望放在了熟悉的社交关系链中。 陷入马太效应的“垂直整合” 过去两年,市场曾笃信“模型+应用”一体化的垂直整合才是王道。这在逻辑上似乎无懈可击:只有同时掌握底层大脑与上层手脚的玩家,才配在这个赛道筑起高墙。 但现实很快给出了反击。在 To B 的生产力场景下,能够在这个星球上做大预训练(Pre-training)的公司凤毛麟角,而那些手握场景 Know-how 的...
The United States has officially exited the Paris climate agreement for the second time, cementing Donald Trump’s renewed break with the primary global venue to address global heating. The move leaves the US as the only country to have withdrawn from the pact, placing it alongside Iran, Libya and Yemen as the only countries not party to the agreement. While it will not halt global climate efforts,...
The United States has officially exited the Paris climate agreement for the second time, cementing Donald Trump’s renewed break with the primary global venue to address global heating. The move leaves the US as the only country to have withdrawn from the pact, placing it alongside Iran, Libya and Yemen as the only countries not party to the agreement. While it will not halt global climate efforts, experts say it could significantly complicate them. First announced on his first day back as president last January in a stadium in front of supporters, the US’s departure comes as the Trump administration has launched a sweeping assault on domestic climate policy. This month, it also announced it will leave the UN framework convention on climate change, under which the Paris treaty was adopted. Together, the moves amount to a wholesale withdrawal from climate governance. “It’s almost like they’re saying, we don’t care what you want from us, we will be the bad guys, and you cannot challenge us on it, because that’s exactly what we said you should expect from us,” said Basav Sen, climate justice project director at the progressive thinktank Institute for Policy Studies. The US retreat from climate action has not halted all global emissions-cutting efforts. Investment in low-carbon energy is far outpacing spending on fossil fuels. Renewable energy sources accounted for more than 90% of new power generation capacity last year and, in much of the world, are now the cheapest source of new electricity. China is increasingly shaping the green transition. Though it remains the world’s top coal consumer, its emissions appear to have peaked last year. This month, Chinese electric vehicle maker BYD surpassed Tesla in electric vehicle sales, while Chinese firms now produce more than 80% of the world’s solar panels and about 70% of wind turbines, giving them dominant control over clean energy supply chains. Trump’s policies risk pushing the US to the margins of the global climate effor...
Community Financial System Inc (Symbol: CBU) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-averagestatistics including a strong 3.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report. According to the ETF Finder at ETF Channel, Community Financial System Inc is a memb...
Community Financial System Inc (Symbol: CBU) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-averagestatistics including a strong 3.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report. According to the ETF Finder at ETF Channel, Community Financial System Inc is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.16% of the SPDR S&P Dividend ETF (SDY), which holds $32,949,909 worth of CBU shares. Community Financial System Inc (Symbol: CBU) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments. The annualized dividend paid by Community Financial System Inc is $1.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/16/2026. Below is a long-term dividend history chart for CBU, which the report stressed as being of key importance. CBU operates in the Banking & Savings sector, among companies like JPMorgan Chase & Co (JPM), and Bank of America Corp (BAC). Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Kroger Co (Symbol: KR) has been named a Top Socially Responsible Dividend Stock by Dividend Channel , signifying a stock with above-averagestatistics including a strong 2.2% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environme...
Kroger Co (Symbol: KR) has been named a Top Socially Responsible Dividend Stock by Dividend Channel , signifying a stock with above-averagestatistics including a strong 2.2% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol. According to the ETF Finder at ETF Channel, Kroger Co is a member of the iShares USA ESG Select ETF (SUSA), making up 0.13% of the underlying holdings of the fund, which owns $6,515,298 worth of KR shares. The annualized dividend paid by Kroger Co is $1.4/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/14/2025. Below is a long-term dividend history chart for KR, which the DividendRank report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue. KR operates in the Department Stores sector, among companies like Walmart Inc (WMT), and Costco Wholesale Corp (COST). Top 25 Socially Responsible Dividend Stocks — Income To Feel Good About » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Seven out of every 10 European companies operating in China were reviewing their supply chain strategies amid geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalisation efforts, according to a new survey. A survey of 324 corporate respondents conducted by the Shanghai chapter of the European Union Chamber of Commerce found that these firms aimed ...
Seven out of every 10 European companies operating in China were reviewing their supply chain strategies amid geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalisation efforts, according to a new survey. A survey of 324 corporate respondents conducted by the Shanghai chapter of the European Union Chamber of Commerce found that these firms aimed to strike a balance between cost efficiency and risk diversification, while building resilience in their supply chains According to Carlo Diego D’Andrea, the chamber’s vice-president in China and chair of its Shanghai chapter, security concerns around Chinese products or components made manufacturing in the country unattractive, particularly in so-called strategic sectors. Advertisement “We are not seeing companies leave [China], but we are seeing companies shift their [supply chain] strategies and change their management structure,” D’Andrea told reporters in a media briefing on Tuesday. “We do see less investment come to China.” A growing number of European businesses were setting up two separate supply chain systems – one for China and the other for the rest of the world – to bypass regulatory requirements on data and information technology systems, the chamber said in a report released on Tuesday. Advertisement The survey’s findings underscored how European firms must maintain a delicate balancing act between tight security and sharpened focus on self-reliance in China.
straga/iStock via Getty Images U.S. natural gas prices turned lower early Tuesday as traders took profits after prices hit their highest levels in three years due to the massive winter storm that has spiked heating demand and disrupted refinery operations. Front-month Nymex natural gas ( NG1:COM ) for February delivery - the contract expires Wednesday trades at -4.6% to $6.484/MMBtu, while the mor...
straga/iStock via Getty Images U.S. natural gas prices turned lower early Tuesday as traders took profits after prices hit their highest levels in three years due to the massive winter storm that has spiked heating demand and disrupted refinery operations. Front-month Nymex natural gas ( NG1:COM ) for February delivery - the contract expires Wednesday trades at -4.6% to $6.484/MMBtu, while the more actively traded March contract dropped as much as 5.9% to $3.668/MMBtu before recently falling 3.9% to $3.749. U.S. natural gas futures surged 117% in the five days through Monday, the biggest such gain in data going back to 1990. The key question is how long the disruption will last and whether prices have peaked, market watchers said. "Natural gas supply outages have emerged across the U.S. in the wake of winter storm Fern, with an initial loss of 2B cf/day from the Bakken, Rockies and Mid-Continent, followed by a more abrupt drop of 12B cf/day, primarily driven by the Permian and broader Gulf Coast region," Rystad Energy analyst Matthew Bernstein said in a note. "We expect significant outages to persist throughout the first half of the week followed by a swift recovery Sunday." European natural gas rose in early trading, however, with the benchmark TTF contract recently +2.8% to € 40.21/MWh, as traders monitor the U.S. storm's effect on pipeline deliveries to liquefied natural gas export terminals. U.S. LNG plants have reduced their gas deliveries to Europe by as much as 48% in recent days, ING analysts estimated, at the same time as consumption across parts of Europe and Asia has been rising due to persistently cold temperatures. Meanwhile, inventory levels across the European Union are well below the five-year average and expected to end the heating season below 25% of capacity. ETFs: ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ) More on natural gas Have U.S. Natural Gas Prices Peaked? Short-Term Energy Outlook, January 2026 Commodities: Natural Gas And Precious Meta...
At Davos this year, a familiar but sobering warning echoed through the slopes: the global order is fracturing into closed loops. In Western capitals, “de-risking” remains the dominant keyword, framing the global economy as a series of strategic high walls. Yet, beyond these barriers, a more tangible crisis is unfolding across the Global South. The infrastructure deficit continues to widen, estimat...
At Davos this year, a familiar but sobering warning echoed through the slopes: the global order is fracturing into closed loops. In Western capitals, “de-risking” remains the dominant keyword, framing the global economy as a series of strategic high walls. Yet, beyond these barriers, a more tangible crisis is unfolding across the Global South. The infrastructure deficit continues to widen, estimated at a staggering US$1.7 trillion annually for Asia alone. This is a crisis of global governance. But beneath the noise of geopolitical friction, a more constructive narrative is taking shape. From the technology behind solar-powered vaccine hubs in rural Nigeria to the birth of pharmaceutical sovereignty in Egypt, China’s growth is proving to be a critical supply-side solution for a system grappling with an immense governance deficit. This shift also represents an evolution in how global public goods are delivered – moving from “giving a man a fish” to “teaching him how to fish”. Advertisement For too long, the international narrative has been trapped in a zero-sum mindset – the assumption that one country’s rise must mean another’s decline. This mindset often misreads Beijing’s vision of a community with a shared future as a bid for traditional hegemony. But China’s vision reflects a historical DNA that prioritises trade-based connectivity and developmental stability over territorial expansion. In 2026, economic development is no longer elective; it is the bedrock of global systemic stability. Evidence of this shift is undeniable. As we enter 2026, the “electron gap” has surged to the top of the global agenda. We are witnessing a historic collision between the energy-hungry artificial intelligence (AI) revolution and the urgent requirements of the green transition. For many nations, the lack of stable, affordable power is the modern face of poverty. Advertisement Here, China’s industrial scale – underpinned by clean energy investments that topped US$890 billion in 2023 –...
In this article META OC AAPL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 17:44 17:44 How Apple glassmaker Corning won a $6 billion AI infrastructure deal with Meta Tech As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it's turning to a 175-year-old glass manufacturer for help. Meta has committed to paying Corning up to...
In this article META OC AAPL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 17:44 17:44 How Apple glassmaker Corning won a $6 billion AI infrastructure deal with Meta Tech As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it's turning to a 175-year-old glass manufacturer for help. Meta has committed to paying Corning up to $6 billion through 2030 for fiber-optic cable in its AI data centers, Corning CEO Wendell Weeks told CNBC in an exclusive interview about the deal from a cable factory in Hickory, North Carolina. Corning is expanding the facility to accommodate growing demand from Meta and other big spenders like Nvidia , OpenAI, Google , Amazon and Microsoft as part of an extended industry buildout that's reaching into the trillions of dollars. When the project is complete, Corning says it will be the largest fiber-optic cable plant in the world. "Almost every phone call I get from my customers is trying to see, how do we get them more?" Weeks said. "I think next year the hyperscalers will be our biggest customers." Shares of Corning, once a boom-and-bust dot-com era story, have risen more than 75% in the last year, with optical communications as the company's largest and fastest-growing business segment. Corning is among a wider swath of providers to the data center boom seeing historic levels of demand as the stack gets refreshed for the AI age. Meta's AI strategy, on the other hand, has puzzled Wall Street. The stock, which underperformed the market in 2025, had its worst day in three years in October after the company announced ambitious AI spending but without a clear monetization plan. The next month, Meta committed to spending $600 billion in the U.S. by 2028, on data centers and the infrastructure they require. Corning is part of that. Meta's plan for 30 data centers includes 26 facilities in the U.S. "We want to have a domestic supply chain that's available to support that," Joel...
J Studios/DigitalVision via Getty Images (A Way Too Long) Introduction Energy has been one of my core themes since the pandemic. Back then, I started building energy exposure in my dividend growth portfolio due to the horrendous sentiment. Although I’m painting with a broad brush, back in 2021, “everyone” was focused on next-gen technologies, as areas like renewables, EVs, and other niches saw mas...
J Studios/DigitalVision via Getty Images (A Way Too Long) Introduction Energy has been one of my core themes since the pandemic. Back then, I started building energy exposure in my dividend growth portfolio due to the horrendous sentiment. Although I’m painting with a broad brush, back in 2021, “everyone” was focused on next-gen technologies, as areas like renewables, EVs, and other niches saw massive capital inflows, all supported by zero interest rates and massive QE programs on both sides of the Atlantic/Pacific Ocean. While it took a few quarters for the market to realize it, the energy trade worked out quite well, as demand came back roaring, supply growth remained subdued, and people figured out that renewables were key, but not nearly as disruptive as one might have expected. This oil price surge was accelerated by the war in Ukraine, which caused prices to hit triple digits. It was truly one of the best environments for drillers. It didn’t last long, though, as oil has been in a steep downtrend since then. U.S. Energy Information Administration Especially the second half of last year was tough. Brent crude, for example, started to hover around $65 in the last quarter. As American WTI usually trades at a slight discount, drillers in the U.S. had to sell their oil at prices below $60 on a few occasions (assuming no hedges). U.S. Energy Information Administration Moreover, while all major oil and gas companies that I have mentioned over the past few years make money at these prices, drilling new wells in areas like the Permian requires prices of at least $65, according to data from the Dallas Fed. Generally speaking, prices below $65 WTI are bad news, which indicates pressure on output. As favorable as 2021 and 2022 may have been, the past few years saw: Cyclical growth was extremely weak (i.e., the ISM manufacturing index indicated contraction). OPEC+ boosted its supply growth. Generally speaking, in the second half of 2025, extreme glut fears surfaced, which ...
primeimages/E+ via Getty Images Weekly Market Recap - Week Ending January 23, 2026 Geopolitical uncertainty once again took center stage last week, reshaping global capital flows and reinforcing diversification themes that have been quietly building since late 2025. Concerns around trade tensions, tariff threats, and broader geopolitical friction triggered renewed discussion of a potential “Sell A...
primeimages/E+ via Getty Images Weekly Market Recap - Week Ending January 23, 2026 Geopolitical uncertainty once again took center stage last week, reshaping global capital flows and reinforcing diversification themes that have been quietly building since late 2025. Concerns around trade tensions, tariff threats, and broader geopolitical friction triggered renewed discussion of a potential “Sell America” trade, pushing investors to reassess geographic exposure across equity portfolios. While U.S. markets absorbed modest declines, foreign equities, emerging markets, and precious metals attracted renewed investor interest. In the below tables, we use major ETFs as a proxy for some major indexes as well as each of the sector groups into which we divide the overall markets. Tracking these over time provides a more defined picture of the US markets than simply tracking major indexes. This is followed by notable individual stock movers over the past month, and finally our full strategy outlook. Strategy Note Geopolitical tensions surrounding Greenland-related controversies and renewed tariff threats revived discussions around a potential “Sell America” trade. As a result, many investors diversified portfolios away from U.S. equities amid rising uncertainty. U.S. equity funds recorded net outflows of $5.26 billion in the week ending January 21, reversing earlier inflows. Despite these tensions, European equities experienced a sixth consecutive week of inflows, with $10.22 billion entering the market during the same period. Global emerging market equity funds also posted their fourth straight week of inflows, with ETFs attracting approximately $14 billion year-to-date as of January 22. Gold surged to record highs above $4,750 per troy ounce as investors sought safety amid heightened geopolitical risk. Among indexed ETFs, SPYM (State Street SPDR Portfolio S&P 500 ETF) and IWM (FTSE Russell 2000 Small Cap ETF) both declined by 0.4%. In contrast, foreign equity benchmarks outp...
brebca/iStock via Getty Images The following segment was excerpted from the Deep Sail Capital Q4 2025 Investor Letter. Sanuwave Health ( SNWV ) is a specialty medical device company with an incredible opportunity in front of it. Sanuwave is the maker and distributor of UltraMist, a low-frequency, non-contact ultrasound energy device that delivers wound care treatment through a fluid mist. UltraMis...
brebca/iStock via Getty Images The following segment was excerpted from the Deep Sail Capital Q4 2025 Investor Letter. Sanuwave Health ( SNWV ) is a specialty medical device company with an incredible opportunity in front of it. Sanuwave is the maker and distributor of UltraMist, a low-frequency, non-contact ultrasound energy device that delivers wound care treatment through a fluid mist. UltraMist is FDA approved and reimbursed through Nationwide CMS reimbursement via a therapy specific CPT code. The investment thesis for Sanuwave Health, Inc. centers on a fundamental shift in the advanced wound care ecosystem, transitioning from high-cost, under-regulated biological grafts toward energy-based tissue regeneration. As the medical community and federal payers grapple with a multi-billion dollar surge in unsustainable spending on skin substitutes, Sanuwave has positioned its directed energy platforms with UltraMIST as a high-value alternative. Sanuwave utilizes a "razor blade" recurring revenue model that has achieved record quarterly revenues throughout 2025, culminating in a preliminary full-year revenue projection of $44.3 million to $44.4 million (36% y-o-y increase). This growth is underpinned by the UltraMIST system, which provides non-contact, low-frequency ultrasound to stimulate cellular-level healing. The DermaPACE system, the first shockwave therapy to receive FDA clearance for diabetic foot ulcers (DFUs), is also a part of the product portfolio but is not a major driver in the company's growth. The management team and company were recently restructured under CEO Morgan Frank. Morgan is a hedge fund guy, who has run the Manchester Explorer Fund for the last 23 years. Morgan spent the last few years building a sales and operating team with veterans from high-growth medical technology firms like Abiomed and Healogics. In late 2024 the company successfully transformed the company’s capital structure through a warrant conversion and reverse stock split. Then in...
When crypto platform Stream Finance collapsed late last year, after roughly $93 million in user funds were lost, it exposed a familiar fault line in digital assets: promises of “safe yield” tend to unravel when markets turn. The failure was unsettling not only for the losses it produced, but for the mechanisms behind them. Stream had pitched itself as part of a new, more transparent generation of ...
When crypto platform Stream Finance collapsed late last year, after roughly $93 million in user funds were lost, it exposed a familiar fault line in digital assets: promises of “safe yield” tend to unravel when markets turn. The failure was unsettling not only for the losses it produced, but for the mechanisms behind them. Stream had pitched itself as part of a new, more transparent generation of crypto yield products — designed to avoid the hidden leverage, opaque counterparty exposure and discretionary risk-taking that brought down centralized lenders like BlockFi and Celsius in the last cycle. Instead, it showed how quickly those same dynamics — leverage, off-platform exposure and concentrated risk — can return when platforms begin chasing yield, even when the market plumbing appears safer or the transparency more reassuring. Yet the broader promise of safer crypto yield has endured. Vaults — on-chain investment pools built around that idea — now manage more than $6 billion in assets, according to industry data. Crypto asset manager Bitwise predicts assets in vaults could double by the end of 2026, as demand for yield on stablecoins grows. At a basic level, vaults let users deposit cryptocurrencies into shared pools that deploy funds into lending or trading strategies designed to generate returns. What sets vaults apart is how they’re marketed: as a clean break from the opaque lending platforms of the past. Deposits are non-custodial, meaning users never hand their assets to a company. Funds sit in smart contracts that automatically deploy capital according to preset rules, with key risk decisions visible on the blockchain. In function, vaults resemble familiar parts of traditional finance, pooling capital, converting it into yield and offering liquidity. But the structure is distinctly crypto. All of it happens outside the regulated banking system. Risk isn’t cushioned by capital reserves or overseen by regulators — it is embedded in the software, with losses re...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Janet Henry, HSBC, Global Chief Economist; Marie-Pierre de Bailliencourt, Institut Montaigne Managing Director; James L...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Janet Henry, HSBC, Global Chief Economist; Marie-Pierre de Bailliencourt, Institut Montaigne Managing Director; James Lord, Morgan Stanley, Head of FX and Emerging Markets Strategy; Jan Goetz, IQM Computers CEO. (Source: Bloomberg)
mustafaU D-Wave Quantum ( QBTS ) shares rose more than 7% in premarket trading on Tuesday after the quantum computing firm signed a $20M agreement with Florida Atlantic University. The Boca Raton, Fla.-based university signed an agreement to purchase and install D-Wave's Advantage2 annealing quantum computer at its Boca Raton campus, the company said in a statement . The system will be deployed la...
mustafaU D-Wave Quantum ( QBTS ) shares rose more than 7% in premarket trading on Tuesday after the quantum computing firm signed a $20M agreement with Florida Atlantic University. The Boca Raton, Fla.-based university signed an agreement to purchase and install D-Wave's Advantage2 annealing quantum computer at its Boca Raton campus, the company said in a statement . The system will be deployed later in the year, D-Wave added. “This marks a defining moment for FAU and for D-Wave,” said Dr. Alan Baratz, CEO of D-Wave. “Deploying a D-Wave quantum computer at FAU will establish the university as a preeminent center for quantum computing education and research. It signals that the university is not just preparing for the quantum era — it is helping to shape it. For D-Wave, it signifies an important collaboration with a leading academic institution to further quantum computing experimentation and innovation.” In addition, D-Wave also announced that it will establish its new corporate headquarters at the Boca Raton Innovation Center. Separately, on Tuesday, D-Wave announced that it will collaborate with Davidson Technologies and Anduril Industries to develop quantum-classical hybrid applications for complex U.S. military needs. More on D-Wave Quantum D-Wave Quantum: Market Disconnect Remains Intact D-Wave: Quantum's First Real Revenue Winner Wall Street Lunch: D-Wave Quantum Shows Industry First On-Chip Cryogenic Control Of Qubits Rigetti rises after upgrade at B. Riley Quantum computing has advantages over traditional, but still in early innings: BMO