Jacques LOIC European countries are drafting a plan to form a broad international coalition to secure the Strait of Hormuz after the current conflict ends—but without U.S. command, the Wall Street Journal reported. French President Emmanuel Macron said Tuesday the mission would exclude “belligerent parties,” meaning the U.S., Israel, and Iran, with European diplomats confirming their ships would n...
Jacques LOIC European countries are drafting a plan to form a broad international coalition to secure the Strait of Hormuz after the current conflict ends—but without U.S. command, the Wall Street Journal reported. French President Emmanuel Macron said Tuesday the mission would exclude “belligerent parties,” meaning the U.S., Israel, and Iran, with European diplomats confirming their ships would not operate under American command. The plan has gained unexpected momentum with Germany’s likely participation, which could be announced as early as Thursday. Macron and U.K. Prime Minister Keir Starmer will host an online meeting Friday with several dozen countries to discuss policing the strait, though the U.S. will not attend. French Foreign Minister Jean-Noël Barrot emphasized that “the mission we are referring to could only be deployed once calm has been restored and hostilities have ceased,” adding that the coalition would coordinate with Iran and Oman. The operation involves three phases: establishing logistics to free hundreds of trapped ships, conducting a massive demining effort using Europe’s fleet of over 150 minesweeping vessels, and deploying frigates and destroyers for military escorts modeled on Operation Aspides in the Red Sea. Europe’s minesweeping capabilities far exceed those of the U.S., which has largely decommissioned its fleet. The plan reflects deepening trans-Atlantic tensions after U.S. President Donald Trump urged Europeans to join U.S. military efforts, including a blockade of Iranian ports. Macron dismissed reopening the strait by force as “unrealistic,” saying it would take “an infinite amount of time” and expose vessels to coastal threats. European leaders have instead focused on freeing maritime traffic rather than restricting it further, rejecting Trump’s pressure amid widespread unpopularity of the conflict among European voters. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you ...
Grand jury brings manslaughter charge over fatal 2024 operation where patient died on table A surgeon in Florida has been indicted for manslaughter after he wrongly removed a patient’s liver instead of his spleen during an August 2024 procedure. Thomas Shaknovsky, 44, was indicted by a grand jury in Tallahassee on Monday after prosecutors said he botched the surgery of 70-year-old William Bryan, o...
Grand jury brings manslaughter charge over fatal 2024 operation where patient died on table A surgeon in Florida has been indicted for manslaughter after he wrongly removed a patient’s liver instead of his spleen during an August 2024 procedure. Thomas Shaknovsky, 44, was indicted by a grand jury in Tallahassee on Monday after prosecutors said he botched the surgery of 70-year-old William Bryan, of Muscle Shoals, Alabama. Continue reading...
miniseries/E+ via Getty Images AMASS Brands Is A Company In Transition AMASS Brands Inc. ( AMSS ) has filed for a direct listing of its common stock, according to an S-1 registration statement . The company markets bulk wine and spirits in the United States. While management is moving to rationalize its portfolio, the industry is suffering from declining usage from younger demographics, the compan...
miniseries/E+ via Getty Images AMASS Brands Is A Company In Transition AMASS Brands Inc. ( AMSS ) has filed for a direct listing of its common stock, according to an S-1 registration statement . The company markets bulk wine and spirits in the United States. While management is moving to rationalize its portfolio, the industry is suffering from declining usage from younger demographics, the company has little liquidity, and the listing will provide no new resources. Since the only form of meaningful new capital is potentially increasingly dilutive convertible financing, my outlook on the direct listing is to sell (avoid it). What Does AMASS Do? AMASS sells bulk wine through distributors and also increasingly offers non-alcoholic alternatives and spirits. It also sells directly to the consumer and through international distributors through third-party partners. The company's portfolio of brand categories includes: AMASS - flagship spirits and non-alcoholic products. Spirits - GEM&BOLT Mezcal, Calirosa Tequila. Wine - Summer Water, Folly of the Beast and premium imports. Non-alcoholic Wine - Good Twin. Minority Interests - De Soi (non-alcoholic) and HpO (protein sparkling water). A breakdown of the firm’s revenue contribution by segment is shown in the graphic below: SEC AMASS is led by founder, Chairman and Chief Executive Officer Mark T. Lynn, who founded the company in 2019. Mr. Lynn has been a director on the Board of Digital Brands Group ( DBGI ) and has extensive experience in the beverage and consumer industries. Investors have invested fair market value of approximately $37.6 million to-date and include MVL, Streeterville Capital and individuals. What Is The Primary Market For AMASS? AMASS operates primarily in the U.S. wine market, where most of its revenues are derived. According to a 2026 market research report by Grand View Research, the U.S. wine market was an estimated $75.3 billion in 2024 and was expected to exceed $157 billion by 2033. If achieved, th...
Many financial advisors will tell you that cryptocurrencies don't belong in the average investor's portfolio because they're too volatile. Even those advisors who are more bullish on cryptocurrencies will usually tell you to allocate less than 5% of your portfolio to those tokens. Image source: Getty Images. Bitcoin (CRYPTO: BTC) , the world's most valuable cryptocurrency, rallied 17,280% over the...
Many financial advisors will tell you that cryptocurrencies don't belong in the average investor's portfolio because they're too volatile. Even those advisors who are more bullish on cryptocurrencies will usually tell you to allocate less than 5% of your portfolio to those tokens. Image source: Getty Images. Bitcoin (CRYPTO: BTC) , the world's most valuable cryptocurrency, rallied 17,280% over the past decade, while the S&P 500 rose just 234%. But to achieve that gain, Bitcoin's investors would have needed to "hold on for dear life" (HODL) through some stomach-churning drops -- including 70%-80% peak-to-trough declines during the crashes of 2017-2018 and 2021-2022. Continue reading
The Dow Jones Industrial Average and other major stock indexes remained firmly in the green Tuesday afternoon as investors seemed relieved by lower inflation data. Meanwhile, Alphabet hit an early buy point while several names broke out on the stock market today. The Dow rose another 0.6% after Monday's 0.6% gain.
The Dow Jones Industrial Average and other major stock indexes remained firmly in the green Tuesday afternoon as investors seemed relieved by lower inflation data. Meanwhile, Alphabet hit an early buy point while several names broke out on the stock market today. The Dow rose another 0.6% after Monday's 0.6% gain.
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: TRM Labs Global Head of Policy Ari Redboard, Castle Island Management Founder Partner Nic Carter, Jito Labs Chief Legal Officer Rebecca Rettig, and Dragonfly Head of Talent Zackary Skelly. (Source: Bloomberg)
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: TRM Labs Global Head of Policy Ari Redboard, Castle Island Management Founder Partner Nic Carter, Jito Labs Chief Legal Officer Rebecca Rettig, and Dragonfly Head of Talent Zackary Skelly. (Source: Bloomberg)
(RTTNews) - Kering SA (PPRUF), the luxury goods company, on Tuesday reported first-quarter 2026 revenue of 3.57 billion euros, representing a 6 percent decline as reported, but remaining stable on a comparable basis.
(RTTNews) - Kering SA (PPRUF), the luxury goods company, on Tuesday reported first-quarter 2026 revenue of 3.57 billion euros, representing a 6 percent decline as reported, but remaining stable on a comparable basis.
Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears Energy Secretary Chris Wright appeared on Fox News on Tuesday morning and said, "Yes, we have gas prices today over $4 a gallon. That's still a dollar less than they were during the Biden administration, and we're ending the 47-year conflict with Iran." Wright noted, "It does mean higher prices today. It probably...
Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears Energy Secretary Chris Wright appeared on Fox News on Tuesday morning and said, "Yes, we have gas prices today over $4 a gallon. That's still a dollar less than they were during the Biden administration, and we're ending the 47-year conflict with Iran." Wright noted, "It does mean higher prices today. It probably means higher prices for a few more weeks . But I'm proud of President Trump." Chris Wright: "Yes, we have gas prices today over $4 a gallon. Still a dollar less than they were in the Biden administration, and we're ending the 47 year conflict with Iran. It does mean higher prices today. It probably means higher prices for a few more weeks. But I'm proud of… pic.twitter.com/Bp9cqTCVVo — Aaron Rupar (@atrupar) April 14, 2026 " This is the road to more secure and lower long-term energy supplies, but it does mean higher prices today and probably for a few more weeks ," he said, adding, "It does cause a few weeks of dislocation to the American economy, but we will get through it and reach a much better place afterward." Related: Repeat Of 2022 Inflation Spike? Goldman Says No, Sees Two Rate Cuts As of Tuesday morning, more than 10,000 U.S. airmen, sailors, and Marines are enforcing the blockade of the Strait of Hormuz, according to U.S. Central Command. Talks between the U.S. and Iran could resume later this week , two people familiar with the ongoing negotiations told NBC News. The latest data from AAA show that the U.S. national average for 87-octane gasoline at the pump is around $4.12 per gallon, while the national average for diesel is around $5.65 per gallon. The $4 gasoline price level is politically sensitive, but meaningful demand destruction typically does not begin until prices approach $5. Still, the recent fuel price shock is the largest on record for both types of fuel. The Trump administration has 41 days until Memorial Day weekend, one of the biggest driving hol...
Bloomberg's Emily Nicolle joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information. (Source: Bloomberg)
Bloomberg's Emily Nicolle joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information. (Source: Bloomberg)
charinporn thayot/iStock via Getty Images The last time I spoke about Revolution Medicines ( RVMD ) it was with a Seeking Alpha article entitled " Revolution Medicines: "Strong Buy" As Acquisition Prospects Continue To Circle ." With respect to this article, I mentioned that the company was in the process of developing its oral RAS[ON] multi-selective, non-covalent inhibitor daraxonrasib for the t...
charinporn thayot/iStock via Getty Images The last time I spoke about Revolution Medicines ( RVMD ) it was with a Seeking Alpha article entitled " Revolution Medicines: "Strong Buy" As Acquisition Prospects Continue To Circle ." With respect to this article, I mentioned that the company was in the process of developing its oral RAS[ON] multi-selective, non-covalent inhibitor daraxonrasib for the treatment of patients with metastatic pancreatic ductal adenocarcinoma [PDAC] who had been previously treated [2nd-line] in the ongoing phase 3 RASolute 302 study. I had a "Strong Buy" rating on this stock the last time around, and I believe that it is important to maintain this particular rating going forward. Why is that? There are several reasons why this should be the case. The first and foremost important reason for keeping this rating is because, as I mentioned last time, it had received significant bids from potential suitors that wanted to acquire it. One instance was the Wall Street Journal noting that AbbVie ( ABBV ) wanted to acquire it, but the company later denied such a report to Seeking Alpha . The other instance I mentioned of a potential suitor was that of Merck ( MRK ) potentially wanting to acquire it for a total between $28 billion and $32 billion, according to the Financial Times report. Although at that time Merck didn't respond to a request for comment. The second reason for keeping the rating of a "Strong Buy," which I believe is going to garner more support for a potential buyout, is because the company did indeed just release positive results from its phase 3 RASolute 302 study using its multi-selective RAS [ON] inhibitor daraxonrasib for the treatment of patients with previously treated metastatic PDAC. This trial did well regardless of whether or not these patients had a RAS-mutant variant, in that the overall intent-to-treat [ITT] patient population demonstrated a median overall survival [mOS] of 13.2 months when given daraxonrasib alone compared...