Mohamad Faizal Bin Ramli/iStock via Getty Images Just over one month ago , I upgraded Corcept Therapeutics Incorporated ( CORT ) to Buy following the company's loss in its patent litigation against Teva Pharmaceuticals ( TEVA ). This was a setback for the company, allowing Teva to release a generic version of Corcept's drug Korlym and potentially calling into question the legacy Cushing's syndrome franchise that delivered $761M in 2025 sales. Counterintuitively, this development marked a bottom for the stock, pricing in the bad news, while upside from Corcept's new drug Lifyorli (relacorilant) provided a catalyst to move higher. Indeed, the stock had been punished severely in 2025 due to the patent litigation loss and the FDA deciding not to move forward with an approval of relacorilant for Cushing's syndrome. The latter would have enabled Corcept to protect its Korlym sales by switching patients to the newer drug. However, the stock market is forward-looking, and uncertainty has now started to clear. Analyzing Corcept's balance sheet , I became bullish because the company had ample liquidity to pivot to ovarian cancer, reinventing itself into a growing oncology franchise. On Wednesday, the FDA issued a decision that came earlier than anticipated, granting approval for relacorilant in platinum-resistant ovarian cancer (the PDUFA date had been mid-July). This development is bullish for Corcept because the regulatory risk surrounding approval of relacorilant is gone. Now the question is execution: can the company grow sales of its newly approved drug quickly enough to offset generic competition of Korlym? Due to the quality of data, the breadth of the approval, and the first-in-class mechanism of a selective glucocorticoid receptor antagonist (SGRA) for oncology, I believe that the odds are now in Corcept's favor. While the stock has rallied from $33 to $38 since my last article, there is ample upside ahead if Corcept can successfully commercialize its new drug. As su...

【有線新聞】下學年有15間小學獲批「0班」小一，向教育局提交決定的限期今日屆滿，第三度面臨殺校危機的鮮魚行學校稱已申請與區內其他學校合併。據了解，這批小學如果選擇與獲批一班或同為「0班」學校合併，獲批機會不高。 創校57年的鮮魚行學校第三次墮入「殺校網」，收生不足，下學年獲派「0班」。鮮魚行學校校監黃天雄發聲明，指與辦學團體及法團校董會進行多輪緊急會議後，決定與區內理念相近的辦學團體合併，已向教育局提交申請。學校相信合併能整合兩校資源，發揮協同效應，為學生提供更優良學習環境，更豐富學習經歷，合併不僅保障現有學生福祉，亦是對長遠發展負責任的決定。 今年有15間學校面臨同樣情況，學校有兩種「救校」選擇，包括開辦私立小一或參與教育局「升級併校計劃」。合併後有三年過渡期，一旦收生不足仍可豁免申請「方案」一次，繼續參與統一派位。 據了解，教育局在審批合併方案時亦有一定門檻，獲批「0班」的小學如果合併對象同為「0班」，一定不獲批，亦不建議選擇只有1班的學校合併，與開班3班以上的學校合併成功率會較高。 如果想與同一辦學團體其他地區的學校合併，教育局會視乎地理位置考慮，距離太遠會影響成功機會。合併成功的小學只能保留其中一間校舍。

M&T Bank ( MTB ) on Monday said its board has authorized a share repurchase program of up to $5 billion of its common stock. The new authorization replaces and terminates a previous $4 billion buyback program approved in January 2025. The company said the timing, number of shares repurchased, and transaction terms will be at its discretion and subject to regulatory limits. Source: Press Release More on M&T Bank M&T Bank: A Defensive Holding In An Uncertain Market M&T Bank Corporation (MTB) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript M&T Bank Corporation (MTB) Q4 2025 Earnings Call Transcript M&T Bank outlines 2026 NII target of $7.2B–$7.35B with broad-based loan growth focus M&T Bank Q4 earnings beat as noninterest income exceeds consensus

格隆汇3月31日｜阿联酋沙迦当局：图拉亚电信大楼遭无人机袭击，暂无伤亡报告。

primeimages/E+ via Getty Images Transcript The economic shock from the Middle East conflict is pushing governments to secure energy supply. Power demand from AI is also accelerating investment in energy infrastructure. Together, these forces are unlocking long-term thematic opportunities. 1) Highly exposed Now, energy underpins economic activity around the world. Around 80% of the population lives in countries that are net oil importers, and 60% live in countries that import natural gas. That means disruptions from the Middle East conflict are having a global effect, rippling across markets and reinforcing the drive for energy security. 2) An uneven shock But the shock is playing out unevenly. Europe and Asia both rely on imported liquefied natural gas. Europe has limited ability to reduce its demand. Japan and South Korea are more exposed to price swings and demand shifts. The U.S. - a net exporter - is insulated but not immune. 3) Getting selective AI is driving up demand for energy - but that demand is colliding with supply constraints on key materials like copper. This has led countries to reduce their reliance on a small set of LNG suppliers, prioritize local supply chains through circular economies, and ramp up electrification efforts powered through renewables, like solar with batteries. To capture these trends, the investing horizon is key. Leadership in deployment doesn’t always translate into equity returns. In the near term, higher volatility and dispersion favor active approaches. Longer term, we favor themes such as electrification and critical resources across public and private markets. Energy security and AI-driven demand are reinforcing each other. We favor active, thematic exposures to back these companies and capture the shifts as they play out - active fundamentally, active systematically and through infrastructure investment in private markets. We stay neutral across equities but stand ready to adjust quickly. __________________ The economic sho...

Aptera Motors (SEV) reports Q4 adjusted net loss of $8.7M, raised $17.1M in 2026 to advance validation builds toward production.

The company's revenue could take off with the launch of its next-generation chips.

The quantum computing race is heating up.

Trivariate Research’s Adam Parker writes that investors should “avoid cheap and slow growing stocks.”

Key PointsD-Wave Quantum is taking a more specialized approach to this industry.

Key PointsCEO Lisa Su says revenue for its MI450 chip will ramp up later this year.

$7B Halo Vista Development Breaks Ground Near TSMC Phoenix Campus Bisnow

In trading on Monday, shares of Innovate Corp (Symbol: VATE) crossed above their 200 day moving average of $5.09, changing hands as high as $5.58 per share. Innovate Corp shares are currently trading up about 19.5% on the day. The chart below shows the one year performance of

In trading on Monday, shares of Synthetic Fixed-income Securities Inc on Behalf (Symbol: GJO) crossed above their 200 day moving average of $24.92, changing hands as high as $25.07 per share. Synthetic Fixed-income Securities Inc on Behalf shares are currently trading up about

AscentXmedia/E+ via Getty Images From the days of Charles Dickens and his characters like David Copperfield, the world has come a long way in providing a modern way of life. The biggest innovation in the last 200 years hasn’t been in technology but in the idea of payable work. The main theme has been that anyone willing to work should be able to get work that can pay living wages. Many jobs seem repetitive and boring but are providing people a livelihood. However, now in 2026, AI is threatening it. While the US economy supports the world economy, it is the US consumer who acts as the fulcrum to support both the US economy and the US government. While increasing spending by consumers year over year keeps the economy and stock market up, different taxes paid by consumers support local, state, and federal governments. Combined US consumer spending has increased both due to population growth and increasingly disposable income. 2026 is witnessing an impact on both the number of consumers (due to falling population and lower immigration) as well as the strength of consumers due to high inflation, higher oil prices, and lower employment opportunities. Besides mass layoffs caused by large companies, people are finding that their spending ability is getting impacted by high inflation and lower wage growth (again due to AI-based automation). Despite starting with good intentions of making the country industrially competitive and securing long-term peace, the US administration is facing challenges in many areas, e.g.: Tariffs vs. Inflation Tariffs can help in the competitiveness of US factory products, but they have an inflationary impact Tariffs vs. US Supreme court ruling While US administration tried to give a competitive advantage to US-manufactured goods via tariffs against foreign goods, the US Supreme Court has ruled against it War with Iran and Oil prices While US administration wanted to destroy Iran’s nuclear and long-range ballistic missile program in a short war, t...

Retired Marine Corps Major General Mastin Robeson said that increased troops sent to the MidEast means that the US has 'positioned sufficient assets' to be able to enact leverage over negotiations to open the Strait of Hormuz and end the war with Iran. Robeson also discussed how the war has impacted the US relationship with China, as Xi moves to invite Taiwan's opposition leader for a meeting ahead of the scheduled Trump, Xi meeting in May. (Source: Bloomberg)

Inventiva S.A press release ( IVA ): FY GAAP EPS of -Є1.90. Revenue of Є4.5M (-51.0% Y/Y). More on Inventiva S.A Inventiva S.A. (IVA) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Inventiva S.A. (IVA) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Inventiva S.A. (IVA) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Seeking Alpha’s Quant Rating on Inventiva S.A Historical earnings data for Inventiva S.A

jittawit.21 The surge in redemption requests from private credit funds is forcing managers to slow their expansion as they grapple with liquidity demands from retail investors, according to Ken Kencel, president and CEO of Churchill Asset Management. Kencel expects this trend to persist “for several quarters as funds deal with those redemption requests,” particularly impacting managers with heavy retail investor exposure. In an interview with Bloomberg TV, Kencel explained that investors are now scrutinizing the composition of fund investor bases during due diligence. “How much of your portfolio or how much of your investor base is institutional versus retail? How reliant are you? How are these redemption requests going to impact your portfolio?” Kencel said, noting these were among the first questions he received during recent meetings with institutional investors in Asia. The divide between institutional and retail backing is becoming a critical differentiator in the market. Kencel pointed out that some managers have raised capital that is 60% retail, making them vulnerable when investors seek liquidity. By contrast, Churchill’s portfolios are 96% institutional and only 4% retail, positioning them more favorably amid the current pressures. Private wealth platforms overseeing retail capital are now becoming more selective, increasingly seeking managers with significant institutional validation. This shift is creating new opportunities for historically institutional managers to expand into the retail space while redemption-heavy competitors step back from the market. The pressures are creating favorable conditions for core middle-market lenders like Churchill. Kencel noted that spreads are widening by 25 to 50 basis points for new loans, and “the runway of opportunities expands… since you have pressure on kind of the large cap and the private credit managers that focused on those large cap names.” External factors are also shaping the outlook, with Middle East insta...

The biggest near-term risk for stocks may be rising interest rates — not oil. Higher bond yields and increased expectations for tighter monetary policy are putting pressure on stock valuations, which have already dropped due to rising energy prices. This could be because markets have priced in a scenario where oil supply is constrained but does not trigger a recession, according to Morgan Stanley chief U.S. equity strategist Michael Wilson. He said there is growing evidence the S & P 500 correction is nearing its ending stages. There has been significant damage "under the surface" in markets with over 50% of the stocks in the Russell 3000 index down more than 20% — bear market territory — while the S & P 500 's forward price-to-earnings multiple for the next 12-months has declined 17%, matching "prior growth scares in the absence of a recession or the Fed hiking," Wilson said in a note to clients. .SPX 3M mountain S & P 500 performance over the past three months He noted the negative correlation between interest rates and stocks, meaning stocks decline in value when yields rise, is about as high as it's been in several years. He cited the 4.5% level in the 10-year Treasury yield as the point where it really begins to affect stock valuations. The "re-pricing of fed funds futures toward a more hawkish outcome" along with higher rates is what Wilson sees as the bigger risk for stocks in the near-term. The 10-year yield climbed as high as 4.48% on Friday before closing at 4.44%, while the S & P 500 closed lower by 1.7%. One basis point equals 0.01%, and yields move inversely to prices. On Monday, the broad index opened 0.5% higher as yields fell. The 10-year yield retreated by 9 basis points to 4.35%, but the S & P 500 index eventually succumbed to higher oil prices closing down by 0.4%. Brent crude, the global benchmark, is pacing for a record monthly gain on 55%. The decrease in yields followed comments from Federal Reserve Chair Jerome Powell during a talk at Harvard...

Eli Lilly (LLY) is bringing artificial intelligence (AI) drugs to the global market in a $2.75 billion deal with Insilico.Defiance ETFs CEO and CIO Sylvia Jablonski and Yahoo Finance Tech Editor discuss.

Although the Trump administration approved Nexstar Media Group’s $6.2 billion purchase of Tegna, a US judge has ordered the two companies to stop integrating their assets and operations. US District Judge Troy Nunley, an Obama appointee, issued a temporary restraining order on Friday prohibiting integration of the companies until further rulings by the court. "Defendants must immediately cease all ongoing actions relating to integration and consolidation of Nexstar and Tegna," wrote Nunley, the chief judge in US District Court for the Eastern District of California. Nunley said he agrees with plaintiff DirecTV that immediate integration of the merging firms could eliminate competition, result in newsroom layoffs and shutdowns, and make it more difficult to divest Tegna stations if the court ends up requiring a divestiture after reviewing the merger. DirecTV has established that "the Nexstar-TEGNA merger will substantially lessen competition in markets in which it participates," and that there would be irreparable harm if a restraining order isn't issued, Nunley wrote. Read full article Comments

(RTTNews) - Stocks showed a strong move to the upside in early trading on Monday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory.

美国国务卿马尔科·鲁比奥表示，在伊朗战争结束后，美国可能需要重新评估与北约的关系，他声称该军事联盟在中东冲突期间对美方“缺乏支持”，令人“非常失望”。 鲁比奥批评北约成员国拒绝向美方开放军事基地，此前美国总统特朗普曾指责北约盟友是“懦夫”，并称该联盟是“纸老虎”。 “在这次行动结束后，总统和我们的国家将不得不重新审视这一切，”鲁比奥在接受半岛电视台采访时表示，“如果北约仅仅意味着在他们受攻击时我们来保卫欧洲，而当我们需要时，他们却拒绝向我们提供基地使用权，那就不是一个很好的安排。这种关系很难维持下去。” 北约成员国大多拒绝了特朗普关于协助恢复霍尔木兹海峡通航的要求。自2月底以来，这条能源运输要道基本处于关闭状态，推动油气价格飙升。 “这次行动结束后，海峡将会开放，无论通过何种方式，”鲁比奥表示。“它之所以能开放，要么是伊朗同意遵守国际法、不再封锁商业航道，要么是由美国参与的全球及地区国家联盟将确保其开放，”他补充称。 当美国能够借助盟友的地理优势时 —— 包括德国的物流枢纽、英国的空军基地、西班牙的海军设施，以及顺畅的领空通行权 —— 就能最有效地向中东投射力量。 “没有美国，就没有北约，”鲁比奥表示。他曾在担任参议员期间长期支持该联盟。“联盟必须是互利的。不能是单行道。希望我们能够解决这个问题。” 他补充道，伊朗战争后，“我们将有时间来处理这件事”。 责任编辑：李桐

Eric Nuttall, senior portfolio manager at Nine Point, said that oil disruption from war with Iran is projected to be worse than during the COVID pandemic as the Strait of Hormuz remains closed. Nuttall said that the oil companies are quickly working their way through the buffer supply of oil and expects that it will lead to physical shortages of oil barrels. (Source: Bloomberg)

美国国债周一上涨，曲线中部债券延续了上周五的领涨走势，短端利率则继续与不断上涨的油价脱钩。与美联储会议日期挂钩的隔夜指数掉期出现鸽派转向，回吐了加息溢价，并开始在2026年末至2027年的合约中重新计入降息预期。在美国国债期权市场上，美盘早段一笔突出的交易押注10年期收益率重新升破4.5%水平。 纽约时间下午3点刚过，国债收益率曲线全线下行9个基点至5个基点，呈现牛市陡化走势，当天5年期/30年期和10年期/30年期利差分别扩大3.5个基点和3个基点。 10年期国债收益率收盘脱离盘中低点，但当天下行幅度仍约为9个基点，报4.34%。 由曲线中部引领的涨势推动2年期/5年期/30年期蝶式利差缩窄近4个基点；与美联储会议日期挂钩的隔夜指数掉期显示，市场定价已从上周五收盘时预计到12月政策会议加息7个基点，转为预计降息约3个基点。更远期限方面，市场还充分消化了到明年10月会议降息25个基点。 尽管油价继续上涨，但短债仍录得涨幅。美国原油期货结算价突破了每桶100美元，是2022年以来首次，此前美国总统特朗普威胁要攻击伊朗的能源基础设施。标普500指数收盘下跌了0.4%，盘中一度下跌超过0.8%。 当天突出的国债期权资金流是一笔下行对冲交易，目标是10年期收益率回到4.5%水平，通过买入5月看跌期权支付了1，800万美元权利金。 美东时间下午3：20 2年期国债收益率报3.8259%。 5年期国债收益率报3.9776%。 10年期国债收益率报4.3423%。 30年期国债收益率报4.909%。 5年和30年期国债收益率差报92.97个基点。 2年和10年期国债收益率差报51.44个基点。 责任编辑：李桐

In trading on Monday, shares of the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) crossed below their 200 day moving average of $97.11, changing hands as low as $96.86 per share. iShares S&P Mid-Cap 400 Growth shares are currently trading down about 1.6% on the day.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Palantir Technologies Inc (Symbol: PLTR), where a total volume of 338,707 contracts has been traded thus far today, a contract volume which is representative of

Melpomenem/iStock via Getty Images The business development company ( BIZD ) sector has been under pressure recently amid an avalanche of negative headlines directed at the private credit industry. In particular, there are mounting concerns that the managers of these funds, like Blackstone ( BX ), Ares Management ( ARES ), and several others, may not be marking their books completely accurately. Also, there is a wave of negative press hitting the industry for withdrawals accelerating from private funds. These two media flashpoints are causing public markets also to doubt the attractiveness of the investment portfolios of publicly traded BDCs, which has led the sector lower and caused numerous externally managed BDCs to trade at large discounts to their reported net asset value. Moreover, the Fed's rate cuts in recent quarters have put pressure on net investment income levels, while significant repayments in the portfolios of many of these companies, combined with tightening spreads, have led to further pressure on the NII per share. This has all led to several BDCs cutting their dividends. When you put all this together with a spike in energy ( XLE ) prices due to the war in Iran raising stagflation concerns, the sector is clearly out of favor today. With this in view, I think that stock buybacks by externally managed BDCs are more important than ever and are one of the most important metrics to look at when determining whether or not to buy an externally managed BDC today. In this article, I will detail why and share some examples of companies that are buying back stock that I think are worth buying right now. The Single Most Important Metric Right Now So why are stock buybacks so important right now? There are three big reasons for this: First, with spreads tightening and stocks for virtually all externally managed BDCs trading at steep discounts to asset value, it is increasingly hard to make the case that allocating capital towards new loans is more prudent than...