Tango Therapeutics ( TNGX ) announced the pricing of an upsized underwritten public offering of 18.17M shares of its common stock and pre-funded warrants to purchase up to 1.83M shares. The gross proceeds from the offering are expected to be approximately $600M before deducting underwriting discounts, commissions, and other estimated offering expenses. This represents a $100 million upscale from t...
Tango Therapeutics ( TNGX ) announced the pricing of an upsized underwritten public offering of 18.17M shares of its common stock and pre-funded warrants to purchase up to 1.83M shares. The gross proceeds from the offering are expected to be approximately $600M before deducting underwriting discounts, commissions, and other estimated offering expenses. This represents a $100 million upscale from the company's initially announced target of $500 million. The common stock is priced at $30.00 per share. The pre-funded warrants are priced at $29.999 per warrant, which reflects the per-share public offering price of the common stock minus the $0.001 per-share exercise price. All the securities in the offering are being sold by Tango. The offering is expected to close on or about June 11, 2026, subject to customary closing conditions. Additionally, Tango has granted the underwriters a 30-day option to purchase up to an additional 3M shares of common stock at the public offering price, less underwriting discounts. More on Tango Therapeutics Tango Therapeutics: Combo Data With Revolution's RAS Inhibitor Whets Risk Appetite Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer Transcript Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer - Slideshow Quant rating check: Top oncology peers as Nuvalent goes private in $10.6B deal with GSK Tango Therapeutics files for $500 million common stock offering
The manager of the largest leveraged exchange-traded fund tracking SK Hynix Inc. pushed back against claims that the $10 billion product is adding to volatility in the South Korean chipmaker’s shares. Wang Yi , chief investment officer of CSOP Asset Management Ltd., said the Hong Kong-listed ETF’s trading has shown little correlation with swings in SK Hynix’s stock. He said CSOP’s analysis found o...
The manager of the largest leveraged exchange-traded fund tracking SK Hynix Inc. pushed back against claims that the $10 billion product is adding to volatility in the South Korean chipmaker’s shares. Wang Yi , chief investment officer of CSOP Asset Management Ltd., said the Hong Kong-listed ETF’s trading has shown little correlation with swings in SK Hynix’s stock. He said CSOP’s analysis found only a limited impact from the fund’s daily rebalancing, even during some of the stock’s most volatile sessions this year. His comments come as leveraged single-stock ETFs tied to major Korean chipmakers face growing scrutiny. South Korea launched a wave of leveraged ETFs tied to SK Hynix and Samsung Electronics Co. last month, following the rapid growth of CSOP’s product. The funds can amplify gains for investors, but they have also raised concerns that their end-of-day rebalancing trades may be worsening swings in individual stocks and the broader Korean equity market. CSOP’s SK Hynix leveraged ETF rapidly became the world’s largest product of its kind after its October debut. As assets surged to about $10 billion in late May, some traders at Wall Street banks began pointing to the fund’s rebalancing flows as a possible driver of outsized moves in SK Hynix shares and Korean stocks overall. Wang said his fund’s trades had little impact even during the oil shock in March when the underlying stock was moving by more than 10%. “During our rebalancing period, it moved less than 0.3% even with other potential contributing factors,” he added. “There is no evidence to suggest that we are pushing the market significantly out of range, dumping trading volume into the market, or moving the share price much higher or much lower,” Wang said. READ: SK Hynix Leveraged ETP Surge to $10 Billion AUM to Spur Launches The Kospi index, up more than 160% in the past year — has continued to gyrate in tandem with the turbulence affecting artificial intelligence-tied stocks, triggering frequent ex...
Computer accessory maker Logitech International SA announced a sleek wireless travel mouse aimed at professionals and Gen Z, with a unique folding design meant to fit in a pocket. The $80 Mobi Fold — a play on the word “mobile” — was designed to be used in places like cafes, airport lounges and hotel lobbies. In a statement Wednesday, Logitech said it sees the product serving a large potential mar...
Computer accessory maker Logitech International SA announced a sleek wireless travel mouse aimed at professionals and Gen Z, with a unique folding design meant to fit in a pocket. The $80 Mobi Fold — a play on the word “mobile” — was designed to be used in places like cafes, airport lounges and hotel lobbies. In a statement Wednesday, Logitech said it sees the product serving a large potential market: the vast majority of workers who don’t use a mouse when working in public. It’s available now, including through the TikTok Shop in the US. The Mobi Fold’s design resembles the similarly priced Surface Arc mouse from Microsoft Corp., though that device flattens down instead of folding in half. Logitech’s model also has a built-in battery that can be recharged over USB-C, whereas Microsoft’s requires AAA alkaline batteries. Unfolding it automatically powers it on, and collapsing it will turn the device off to conserve battery. The Mobi Fold can last for as long as 30 days on a full battery, and Logitech claims a one-minute charge can restore 22 hours of usage. You can pair the mouse with up to three devices via Bluetooth or with Logitech’s wireless USB receiver, making it easy to switch between a laptop, tablet and smartphone. The Mobi Fold could also appeal to owners of foldable phones, as those devices can unfurl to about the size of a tablet, making a standalone mouse more appealing. Logitech claims the mouse’s hinge has been tested to withstand 15 years of daily use and says the design provides a 22% reduction in muscle strain compared with a laptop trackpad. It can be used with Windows, Mac, Android and iOS/iPadOS devices, though Logitech’s Options+ software, which lets you customize settings like pointer and scrolling speed, is only available for PCs and Macs. Over a few days of testing the Mobi Fold, it has worked fine with a MacBook Pro, but scrolling on an iPad Pro with the middle touchpad can sometimes be jittery and less pleasant than the trackpad on Apple’s ...
Governments are borrowing from syndicated bond markets at a record clip as public spending surges. Sovereign issuers have sold $504 billion of debt so far this year, according to data compiled by Bloomberg. That’s more than in the first half of 2020, when nations were paying to support their economies during Covid-19 lockdowns. Budget deficits have been climbing since the global financial crisis. ...
Governments are borrowing from syndicated bond markets at a record clip as public spending surges. Sovereign issuers have sold $504 billion of debt so far this year, according to data compiled by Bloomberg. That’s more than in the first half of 2020, when nations were paying to support their economies during Covid-19 lockdowns. Budget deficits have been climbing since the global financial crisis. They spiked during the pandemic, when interest rates were slashed to record lows, and are widening again as governments boost defense spending and try to protect households from price shocks driven by the Iran war. Aging populations and rising interest rates are adding to the pressure. “The main driver of the supply is basically increased public spending, and thus bigger funding needs,” said Jens Peter Sorensen , chief analyst at Danske Bank AS, pointing to greater outlays on the military, infrastructure and transition to cleaner energy. Germany and other nations are setting aside hundreds of billions of euros for weapons and ammunition, and the European Union has relaxed its rules to allow extra spending on defense and energy initiatives that curb consumption of fossil fuels. The sums raised from syndications are dwarfed by those sold at regular government auctions, not least because the US Treasury only uses the latter to issue bonds. But hiring banks to sell offerings to investors is popular elsewhere, particularly in Europe. It can be a less risky option when markets are volatile, and give debt managers greater control over when to sell. Italy Leads Again For eight of the last 10 years, Italy has been the biggest borrower in the market for sovereign syndications. It is leading again in 2026, having already raised nearly €70 billion ($81 billion) in the first six months, according to data compiled by Bloomberg. Read More: Schroders Shuns Treasuries and Bunds in Favor of Italian Debt Germany, which rewrote its fiscal rules to splurge on defense and infrastructure, has rai...
The Mobi Fold feels like a full-sized mouse when opened and includes a touch panel for scrolling. Logitech finally announced its new ultraportable travel mouse following leaked marketing images that spoiled the surprise last month . As the name implies, the Mobi Fold is a compact mouse that can fold in half using a hinge that can pivot about 130 degrees. At $79.99 in graphite, off-white, lilac, an...
The Mobi Fold feels like a full-sized mouse when opened and includes a touch panel for scrolling. Logitech finally announced its new ultraportable travel mouse following leaked marketing images that spoiled the surprise last month . As the name implies, the Mobi Fold is a compact mouse that can fold in half using a hinge that can pivot about 130 degrees. At $79.99 in graphite, off-white, lilac, and sand color options, the Mobi Fold isn’t Logitech’s lightest or cheapest mouse, but it’s definitely one of its smallest and a well-featured alternative to your laptop’s trackpad if you can get used to some unconventional ergonomics. The arch-shaped Mobi Fold looks similar to other folding devices, like the Surface Arc mouse . But while Microsoft’s design folds flat, making it thinner and easier to slip into a pocket or bag, the Mobi Fold is more like a clamshell cellphone. And even though it doesn’t snap shut with a satisfying clunk, it feels durable. Logitech says the hinge was “tested to withstand 15 years of daily use.” That hinge, along with more than half the mouse, is wrapped in a silicone skin that improves grip while semi-protecting it from drops. Where it covers the hinge you’ll find a pleated design that expands and stretches when the mouse is folded in half, so there’s no risk of pinching. At 79 grams the Mobi Fold is a few grams heavier than Logitech’s Pebble Mouse 2 and the bare-bones M196 that I’ve been recently traveling with. When folded, the mouse is a little over three-quarters of an inch tall and about 2.6×2.5 inches in size, making it feel seriously compact. It reminds me of some wireless earbud cases, but a bit thinner. Logitech claims the Mobi Fold’s rechargeable battery will power the mouse for up to one month on a full charge, while a 1-minute quick charge will keep it going for up to 22 hours. It’s getting a global release. which means we can probably thank recent EU regulations for a removable cover on the underside allowing that rechargeable batt...