The coming days will determine just how narrow a sweeping spending package President Donald Trump will get from Congress next month. Republican leadership on Capitol Hill is hoping to pass swiftly another partisan tax-and-spending bill through the budget reconciliation process that would fund ICE and Border Patrol. Base funding for those agencies expired in February as Democrats balked at funding ...
The coming days will determine just how narrow a sweeping spending package President Donald Trump will get from Congress next month. Republican leadership on Capitol Hill is hoping to pass swiftly another partisan tax-and-spending bill through the budget reconciliation process that would fund ICE and Border Patrol. Base funding for those agencies expired in February as Democrats balked at funding immigration enforcement without restrictions on those agents. Republican Representative Nicole Malliotakis joins to discuss the future for another reconciliation bill as well as the upcoming peace talks in Pakistan. (Source: Bloomberg)
AscentXmedia/E+ via Getty Images Shares of Quanterix Corporation ( QTRX ) have been suffering in the first quarter of the year, basically being cut in half. This did not come as a surprise to me, as I concluded that there were many questions after an eventful 2025 at the start of this year. Challenges include persistent losses and underwhelming sales momentum following a surprising deal for Akoya ...
AscentXmedia/E+ via Getty Images Shares of Quanterix Corporation ( QTRX ) have been suffering in the first quarter of the year, basically being cut in half. This did not come as a surprise to me, as I concluded that there were many questions after an eventful 2025 at the start of this year. Challenges include persistent losses and underwhelming sales momentum following a surprising deal for Akoya in 2025. This made me very cautious, even with shares trading near net cash values. Shares have been cut in half again in the first quarter of the year, as the 2026 guidance has been underwhelming, putting it kindly, creating few to no green shoots to develop a positive stance. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . Lots Of Challenges Early in the year, Quanterix announced that Everett Cunningham was appointed the next CEO of the business, officially starting in his role later that month. Mr. Cunningham has come from Illumina, where he held the role of CCO. In March, Quanterix reported its fourth-quarter results and, thereby, full-year results for 2025. Fourth-quarter sales rose by a quarter to $43.9 million, but that looks better than it is, given the aforementioned merger. So far so good, with operating losses of $24.8 million, up ten million on the year before. Both numbers compare relatively favorably to a $138.9 million number for the year, with revenue numbers up around a percent on the year before. Operating losses of $125 million were massive as well. In part the result of dilution incurred, the share count was up to nearly 47 million shares as Quanterix ended the year with a $118 million net cash position. The issue is the guidance, as a $169-$174 million revenue guidance for 2026 suggests quarterly revenues at $42-$43 million this year, in line with the fourth quarter. GAAP gross margins are seen between 45-49%. This is in line with 2025 performance as well, although those adjusted gross margins ar...
Peter Cecchini, principal & director of research at Axonic Capital joins Katie Greifeld on "Bloomberg Real Yield." Alternative asset managers that are responsible for driving much of the sector’s growth are now also contending with a retail investor base that’s grown increasingly wary of underwriting standards and the disruption from artificial intelligence. (Source: Bloomberg)
Peter Cecchini, principal & director of research at Axonic Capital joins Katie Greifeld on "Bloomberg Real Yield." Alternative asset managers that are responsible for driving much of the sector’s growth are now also contending with a retail investor base that’s grown increasingly wary of underwriting standards and the disruption from artificial intelligence. (Source: Bloomberg)
A Baillie Gifford & Co. trust that placed an early bet on SpaceX recommended a proposal backed by activist investor Boaz Weinstein after losing a key shareholder vote. Edinburgh Worldwide Investment Trust is backing tender offers supported by Weinstein’s Saba Capital Management that will give shareholders the chance to exit at net asset value minus costs in the coming weeks or after a potential Sp...
A Baillie Gifford & Co. trust that placed an early bet on SpaceX recommended a proposal backed by activist investor Boaz Weinstein after losing a key shareholder vote. Edinburgh Worldwide Investment Trust is backing tender offers supported by Weinstein’s Saba Capital Management that will give shareholders the chance to exit at net asset value minus costs in the coming weeks or after a potential SpaceX listing, the London-listed trust said in a statement Friday . The Edinburgh Worldwide board’s own proposal, which didn’t garner enough support in a ballot this week, would have allowed shareholders to receive about 85% of their holdings in cash. The balance — effectively the portion of the fund’s holdings invested in SpaceX — would be deferred until “a future liquidity event” at Elon Musk ’s company. The result is the biggest win yet for Weinstein, a veteran derivatives trader, who began waging a high-profile battle to take control of seven UK trusts trading at a discount in December 2024 . While those attempts failed, some of the targeted trusts have gone on to make the structural changes that Saba sought anyway. In the case of Edinburgh Worldwide, 36.8% of the issued share capital — consisting almost entirely of holdings from Saba and two other institutions — voted against the board’s tender offer, according to the statement. The board said 53.8% of the total votes cast opposed its proposal. The shareholders will vote on April 30 on whether to replace the trust’s board with candidates proposed by Saba. If the hedge fund firm wins, it’s widely expected that Saba will become the vehicle’s manager. “This is a very disappointing outcome,” Edinburgh Worldwide Chairman Jonathan Simpson-Dent said in the statement. “There remains a high likelihood of Saba succeeding in appointing its proposed new board,” he added. “Faced with this reality, the board’s priority is to ensure shareholders can still exercise their right to a meaningful choice.” A representative for Saba had no i...
Quantum computing may seem like a far-fetched technology, but the reality is that it's rapidly progressing to the point where it's starting to become useful in many applications. These investors should position themselves accordingly, as quantum computing could have a huge upside if investors pick the right stocks. I've got three stocks that I think are best positioned for quantum computing succes...
Quantum computing may seem like a far-fetched technology, but the reality is that it's rapidly progressing to the point where it's starting to become useful in many applications. These investors should position themselves accordingly, as quantum computing could have a huge upside if investors pick the right stocks. I've got three stocks that I think are best positioned for quantum computing success. Investors should maintain some exposure to these stocks in case their breakthroughs cause them to go parabolic. Image source: Getty Images. Continue reading
⚽️ Premier League updates from the 8pm BST kick-off ⚽️ Live scores | Latest table | Join us on Bluesky | Mail John West Ham, after this game , have Crystal Palace away, Everton at home, Brentford away, Arsenal at home, Newcastle away and, this looks a six-pointer, Leeds at home. So yes, this is massive. Wolves have circled the drain all season, and have just 17 points. Relegation is all but certai...
⚽️ Premier League updates from the 8pm BST kick-off ⚽️ Live scores | Latest table | Join us on Bluesky | Mail John West Ham, after this game , have Crystal Palace away, Everton at home, Brentford away, Arsenal at home, Newcastle away and, this looks a six-pointer, Leeds at home. So yes, this is massive. Wolves have circled the drain all season, and have just 17 points. Relegation is all but certain, it’s just a question of warding off the inevitable. They are 11 points from safety with seven games left. Opta data suggests Wolves have a 99.93% chance of going down, as close to certainty as is possible. They can get a maximum of 38 points when Tottenham, in 17th, have 30. West Ham have 29; their need is far greater, their hopes far more realistic. Continue reading...
CIA To Integrate AI 'Co-Workers' To Process Intelligence, Catch Spies Authored by Brayden Lindrea via CoinTelegraph.com, The US Central Intelligence Agency said it will embed “AI co-workers” directly into its analytics platforms to assist analysts with detecting spies and anticipating hostile moves by foreign adversaries. “Within the next couple of years, we will have AI co-workers built into all ...
CIA To Integrate AI 'Co-Workers' To Process Intelligence, Catch Spies Authored by Brayden Lindrea via CoinTelegraph.com, The US Central Intelligence Agency said it will embed “AI co-workers” directly into its analytics platforms to assist analysts with detecting spies and anticipating hostile moves by foreign adversaries. “Within the next couple of years, we will have AI co-workers built into all of the agency’s analytic platforms — a kind of classified version of generative AI that will help our analysts with basic tasks,” CIA Deputy Director Michael Ellis reportedly said on Thursday during an event hosted by the Special Competitive Studies Project in Washington, DC. According to Politico, Ellis said the AI co-workers would assist intelligence officers with drafting key judgments, testing analytical conclusions and identifying trends in intelligence that the agency gathers from abroad. However, he said humans would continue to make the “key decisions.” Michael Ellis (right) speaking with Anthony Pompliano (left) about Bitcoin and AI’s role in US national security in May: Source: Anthony Pompliano The CIA’s AI plans come amid a feud between the US Department of Defense and AI firm Anthropic. Despite having a $200 million contract with the Department of Defense, Anthropic prevented the use of its flagship AI product, Claude, for mass domestic surveillance and fully autonomous weapons. US President Donald Trump ordered all federal agencies to immediately cease using Anthropic's technology in March, while the Department of Defense declared Anthropic a supply chain risk. The parties remain locked in a legal dispute over the designation, with a US appeals court on Wednesday denying Anthropic’s emergency request to temporarily pause the label. While Ellis didn’t point out Anthropic, he said the CIA “cannot allow the whims of a single company” to constrain its capabilities. The CIA has already adopted AI for other intelligence tasks, having tested about 300 AI projects las...