(RTTNews) - The Progressive Corp. (PGR), an insurance holding company, on Monday, priced a $1.5 billion senior notes offering in an underwritten public offering. The offering includes $500 million of 4.60% senior notes due 2031, priced at 99.987% of par, and $1 billion of 5.15% senior notes due 2036, priced at 99.676% of par. The company is issuing the notes under an effective shelf registration s...
(RTTNews) - The Progressive Corp. (PGR), an insurance holding company, on Monday, priced a $1.5 billion senior notes offering in an underwritten public offering. The offering includes $500 million of 4.60% senior notes due 2031, priced at 99.987% of par, and $1 billion of 5.15% senior notes due 2036, priced at 99.676% of par. The company is issuing the notes under an effective shelf registration statement filed in May 2024. On Monday, the Progressive Corp. closed trading 0.44% lesser at $205.10 on the New York Stock Exchange. In the overnight, the stock further traded 0.51% lesser at $204.05. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Editor's note: Seeking Alpha is proud to welcome Jaden Mealy as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Sundry Photography/iStock Editorial via Getty Images Thesis 10x Genomics ( TXG ) is undervalued, as i...
Editor's note: Seeking Alpha is proud to welcome Jaden Mealy as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Sundry Photography/iStock Editorial via Getty Images Thesis 10x Genomics ( TXG ) is undervalued, as investors continue to misinterpret a cyclical slowdown in instrument demand and current profitability issues as a structural weakness, while high-margin consumables ( over 80% of revenue ) continue to grow and signal strengthening underlying demand and an underappreciated "pole position" in single-cell biology markets. The market is currently focusing on short-term revenue contraction rather than the long-term shift toward higher-quality revenue streams. For these reasons, I rate the stock a BUY with ~18-20% upside as the company transitions to a recurring, cash-generative model. Company Overview & Operating Segments 10x Genomics manufactures technology focused on enabling high-resolution biological analysis within single-cell and spatial biology. Its tools, used widely across spaces such as academic research and biotechnology, can be split into 3 streams: Instruments: Single-sale instruments such as the Chromium X series provide platforms for companies to perform large-scale cell experiments and automate barcoding of individual DNA or RNA. Consumables: Specialized reagent kits , microfluidic chips, and other accessories designed for Chromium controllers and other instruments to be used in single-cell experiments, transforming cells into gene-sequencing-ready libraries. Software: Bioinformatic tools designed to process, analyze, and visualize data gathered by proprietary hardware, transforming raw data into usable and quantifiable results. The company operates in such a way as to first expand its instrument base, saturating the market with proprietary and sticky equipment, a...
Micron Technology (MU) stock has fallen by 12.4% in less than a month, from $461.73 on 18th Mar, 2026 to $404.35 now. Should you buy this dip? Dip buying is a viable strategy for quality stocks that have a history of recovering from dips. As it turns out, MU stock passes basic quality checks. Historically, the median return for the 12-month period following sharp dips was 26% , with median peak re...
Micron Technology (MU) stock has fallen by 12.4% in less than a month, from $461.73 on 18th Mar, 2026 to $404.35 now. Should you buy this dip? Dip buying is a viable strategy for quality stocks that have a history of recovering from dips. As it turns out, MU stock passes basic quality checks. Historically, the median return for the 12-month period following sharp dips was 26% , with median peak return reaching 49%. We define sharp dip as stock going down 20% or more, in less than 30 day period. Below, we get into details of historical dips and subsequent returns. Trefis: MU Stock Insights Historical Median Returns Post Dips Period Past Median Return 1M 0.9% 3M 2.7% 6M -2.0% 12M 26.5% Historical Dip-Wise Details MU had 20 events since 1/1/2010 where the dip threshold of -20% within 30 days was triggered 49% median peak return within 1 year of dip event median peak return within 1 year of dip event 339 days is the median time to peak return after a dip event days is the median time to peak return after a dip event -25% median max drawdown within 1 year of dip event 30 Day Dip MU Subsequent Performance Date MU SPY 1Y Peak Return Max Drop # Days to Peak Median 26% 49% -25% 339 4032025 -28% -12% 445% 522% -13% 349 12192024 -22% -1% 240% 207% -25% 365 7252024 -20% 1% 7% 19% -40% 334 12282022 -20% -4% 75% 79% 0% 363 9262022 -25% -14% 41% 52% 0% 242 6162022 -25% -15% 23% 36% -11% 344 4132022 -22% 2% -13% 4% -32% 50 3092020 -20% -17% 94% 106% -25% 357 5202019 -20% -2% 30% 73% -6% 275 12192018 -21% -8% 74% 74% -8% 365 9122018 -21% 3% 21% 21% -30% 364 4242018 -21% -5% -9% 33% -38% 35 12162015 -21% -1% 44% 47% -32% 358 6262015 -26% -1% -38% 2% -51% 21 10242012 -20% -2% 223% 258% 0% 348 4132012 -20% 0% 35% 45% -26% 362 10262011 -24% 5% 4% 62% -5% 125 6062011 -22% -4% -38% 0% -52% 0 7292010 -21% -1% -5% 52% -17% 203 5262010 -23% -12% 11% 36% -26% 267 Micron Technology Passes Basic Financial Quality Checks Revenue growth, profitability, cash flow, and balance sheet strength need t...
(RTTNews) - Gilead Sciences Inc. (GILD), on Monday, entered into a definitive agreement to acquire privately held Ouro Medicines. The deal includes $1.675 billion in upfront cash, with up to $500 million in additional milestone payments, and aims to strengthen the company's inflammation and autoimmune disease portfolio. The acquisition adds OM336 or gamgertamig, a clinical-stage BCMAxCD3 T cell en...
(RTTNews) - Gilead Sciences Inc. (GILD), on Monday, entered into a definitive agreement to acquire privately held Ouro Medicines. The deal includes $1.675 billion in upfront cash, with up to $500 million in additional milestone payments, and aims to strengthen the company's inflammation and autoimmune disease portfolio. The acquisition adds OM336 or gamgertamig, a clinical-stage BCMAxCD3 T cell engager designed for rapid and deep B cell depletion following a limited treatment course. The therapy is currently being evaluated in Phase 1/2 studies for autoimmune hemolytic anemia and immune thrombocytopenia, with plans to enter registrational studies in 2027. The company said OM336 has shown strong early efficacy and a differentiated safety profile after a single treatment cycle, with potential to enable durable immune reset and drug-free remission in certain patients. Additionally, the company is in advanced discussions with Galapagos NV (GLPG) for a potential research and development collaboration related to the acquired assets. Under the proposed collaboration, Galapagos would fund 50% of the upfront and milestone payments and take on most of Ouro's operations and employees. The development costs for OM336 would be borne by Galapagos through registrational studies, after which both companies would share costs equally. Gilead would retain global commercialization rights, excluding Greater China, and would pay Galapagos royalties ranging from 20% to 23% of net sales. On Monday, Gilead Sciences closed trading 0.09% higher at $137.34 on the Nasdaq. In the overnight trading, Gilead Sciences traded 0.09% lesser at $137.21. On Monday, Galapagos closed trading 0.34% lesser at $31.90 on the Nasdaq. In the after-hours, Galapagos traded 0.31% higher at $32. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
It’s been a rough winter. Profound personal loss, multiple global crises, surgery to remove a chunk of my thigh affected by melanoma and a perimenopausal body and brain that simply don’t bounce back like they used to have left me feeling not broken exactly, but fragile. Much as I did in the Covid lockdowns, I’ve been shifting my focus to nearby nature for a distraction and solace. A few days in be...
It’s been a rough winter. Profound personal loss, multiple global crises, surgery to remove a chunk of my thigh affected by melanoma and a perimenopausal body and brain that simply don’t bounce back like they used to have left me feeling not broken exactly, but fragile. Much as I did in the Covid lockdowns, I’ve been shifting my focus to nearby nature for a distraction and solace. A few days in bed, a few more propped in the kitchen window seat that I wisely insisted on when we rebuilt several years ago, then incrementally extending my hobble range to the front garden, I’ve experienced the arrival of spring in ways that are both limited and infinite, focusing closer and finding, once again, that seemingly small things expand exactly in proportion to the attention you give them. This week, I’ve been enjoying early butterflies, wild garlic in sudden abundance, the first migrant bird arrivals and the extraordinary reverse origami of bud burst. Full greening of the woodland canopy opposite our house is a few weeks off, but there’s a Frankenstein tree on our lawn that put out blossom a fortnight ago and is now coming into leaf. It’s supposed to be a greengage, but after a bit of an accident a couple of years back, the blackthorn rootstock to which it must have been grafted escaped, and now there are stems of both species growing from one base. Sloes and greengages from one tree is fine by me, and I can’t help but admire an organism so determined to be itself. Bud burst is one of the most powerful forces in nature. Once out, there is no way those leaves are ever going back. The hydraulic pressure (or turgor) inside the epidermal cells of an unfurling leaf can exceed the inflation pressure of a car tyre severalfold, exceeded only by that in growing tips of root and shoots that can burst through tarmac. I love these slightly absurd but arresting comparisons, the staple of children’s reference books: spider silk has the tensile strength of steel; an ant can carry 50 times it...
Oracle Corporation (NYSE: ORCL) Investor Alert: Deadline in Lawsuit on April 6, 2026 A Deadline is coming up on April 6, 2026 in the lawsuit for certain investors in Oracle Corporation (NYSE: ORCL). A deadline is coming up on April 6, 2026 in the lawsuit filed for certain investors of Oracle Corporation (NYSE: ORCL) over alleged securities laws violations by Oracle Corporation.Investors who purcha...
Oracle Corporation (NYSE: ORCL) Investor Alert: Deadline in Lawsuit on April 6, 2026 A Deadline is coming up on April 6, 2026 in the lawsuit for certain investors in Oracle Corporation (NYSE: ORCL). A deadline is coming up on April 6, 2026 in the lawsuit filed for certain investors of Oracle Corporation (NYSE: ORCL) over alleged securities laws violations by Oracle Corporation.Investors who purchased shares of Oracle Corporation (NYSE: ORCL) have certain options and there are strict and short deadlines running. Deadline: April 6, 2026. Oracle Corporation (NYSE: ORCL) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.Austin, TX based Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Oracle Corporation (NYSE: ORCL) reported that its Total Revenue rose from over $52.96 billion for the 12 months period that ended on May 31, 2024, to over $57.39 billion for the 12 months period that ended on May 31, 2025, and that its Net Income for those respective time periods rose from over $10.46 billion to over $12.44 billion.However, on September 24, 2025, S&P Global Ratings warned that OpenAI "could account for more than a third of total Oracle revenues by fiscal 2028 and even a greater share by fiscal 2030," creating risks given that "OpenAI's ability to meet contractual obligations will be contingent on AI tailwinds continuing and its models being a market leader to continue to raise external financing."The following day, on September 25, 2025, analysts at Rothschild & Co. Redburn initiated coverage of Oracle at "Sell," warning, among other things, that the Company's promises of massive new revenues from its increased AI infrastructure business were "unlikely to materialize" and set a $175 price target for Oracle-representing a 40% pullback in the Company's stock.After the market closed on December 10, 2025, Oracle announced its financial resul...
(RTTNews) - European stocks are seen opening lower on Tuesday amid skepticism the U.S. and Iran were close to end of war talks. Iran denied that it had engaged in negotiations with the United States. However, reports suggest the country is open to negotiations with tough conditions. The White House has played down reports regarding possible U.S.-Iran talks in Pakistan, calling the situation "fluid...
(RTTNews) - European stocks are seen opening lower on Tuesday amid skepticism the U.S. and Iran were close to end of war talks. Iran denied that it had engaged in negotiations with the United States. However, reports suggest the country is open to negotiations with tough conditions. The White House has played down reports regarding possible U.S.-Iran talks in Pakistan, calling the situation "fluid" and diplomatically sensitive. "These are sensitive diplomatic discussions, and the U.S. will not negotiate through the press," Press Secretary Karoline Leavitt said. "We are continuing our strikes against Iran and Lebanon without pause," Israeli Prime Minister Benjamin Netanyahu said, adding he spoke with U.S. President Donald Trump about safeguarding vital interests. Iran launched multiple waves of missiles at Israel this morning, Iranian state media reported. As the war drags on, Saudi Arabia and the United Arab Emirates are moving closer toward actively joining the fight against Iran, according to the Wall Street Journal. Asian markets were mostly higher in cautious trade as Trump's Iran war comments helped traders to price in a few basis points worth of Federal Reserve easing by the end of the year. Gold fell more than 1 percent, marking its tenth consecutive session of losses and deepening its grip in bear market territory, pressured by a stronger U.S. dollar and diminishing expectations of a Federal Reserve rate cut this year. Brent crude futures were up more than 4 percent to hover around $100 a barrel after plunging over 10 percent in the previous session. U.S. stocks rebounded overnight following President Trump's statement that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution of hostilities in the Middle East" and therefore he has instructed the military to postpone any strikes against Iranian power plants and energy infrastructure for five days. However, Iran denied these talks had happened. "No negoti...
Farmers in South Africa are heading into the winter planting season with surging diesel prices and tightening supplies — triggered by the Middle East conflict — threatening production in sub-Saharan Africa’s largest commercial wheat-growing industry. For Rossouw Dippenaar, who farms near Riebeek-West about 80 kilometers (50 miles) northeast of Cape Town, time is running out. He needs as much as 40...
Farmers in South Africa are heading into the winter planting season with surging diesel prices and tightening supplies — triggered by the Middle East conflict — threatening production in sub-Saharan Africa’s largest commercial wheat-growing industry. For Rossouw Dippenaar, who farms near Riebeek-West about 80 kilometers (50 miles) northeast of Cape Town, time is running out. He needs as much as 40,000 liters (10,564 gallons) of diesel to plant his wheat, but has only secured about 6,000 liters because some retailers are limiting purchases in a bid to prevent a run on their stocks. “I don’t know what I will do if it doesn’t change in the next two weeks,” he said. “I’m living in hope that it will get better.” A five-day halt to US strikes on Iranian energy infrastructure announced by President Donald Trump on Monday eased global oil prices. But there’s little sign that trade will normalize any time soon. Iran continues to disrupt traffic through the Strait of Hormuz, restricting shipments from key oil and fertilizer producers such as Saudi Arabia, Qatar and Oman, and has dismissed Trump’s claims that ceasefire talks are underway. Unlike in many sub-Saharan African countries, most of South Africa’s crops are grown on commercial farms, with production heavily dependent on inputs such as fuel and fertilizer. Ethiopia produced about three times the 1.9 million tons of wheat that South Africa did last season, but it is primarily grown by small-scale farmers. Cost Shock “The combined effects of rising diesel and fertilizer prices present one of the most significant cost shocks to producers in recent years,” Richard Krige, chairman of Grain SA, which represents corn and wheat farmers, said in a statement. “The impact on farmer viability — and therefore food security — could be severe.” Since the US and Israel began bombing Iran on Feb. 28, global oil prices have surged by 40% or more and emerging-market currencies such as the South African rand have plunged. Fuel and fertili...
Philippine President Ferdinand Marcos Jr. signaled that his government will tolerate weakness in the peso, saying there is a limit to their defense of the currency as market forces drive up the dollar. “I think it would be even futile to try to spend all our foreign reserves on defending the peso,” he said in an exclusive interview with Bloomberg Television’s Haslinda Amin in Manila on Tuesday. “W...
Philippine President Ferdinand Marcos Jr. signaled that his government will tolerate weakness in the peso, saying there is a limit to their defense of the currency as market forces drive up the dollar. “I think it would be even futile to try to spend all our foreign reserves on defending the peso,” he said in an exclusive interview with Bloomberg Television’s Haslinda Amin in Manila on Tuesday. “We also recognize that there’s only so much you can do because the dollar’s going to move the way it does.” The peso is among Asia’s hardest-hit currencies, having weakened through the psychologically important level of 60-per-dollar for the first time in history last week. High oil prices are driving up the cost of imports for an economy that sources almost 100% of its oil from the Middle East. Marcos said his government is having to spend money to cushion lower- and middle-income families from the impact of the US and Israeli war on Iran, which has driven oil prices to above $110 a barrel. Asked if the Philippines could reach a pace of 8% growth by the end of his single six-year term in 2028, Marcos said that would be “tough,” and that even near-term goals need to be rethought. “With the war in the Middle East, those have to be redrawn — everything has to be redrawn,” Marcos said of the forecasts, adding that the recent spike in energy prices came after oil had been “fairly steady at $72 per barrel.” Even if the war stopped today, crude oil won’t immediately sink back to around $70 per barrel, Marcos said, with the crisis having created uncertainty and risk factors that will linger. “The impact of the war is really on middle-income and lower-middle-income countries,” he said. Investors have been pulling money from emerging markets like the Philippines, whose benchmark stock index is down more than 10% since the US attacked Iran. Still, foreign-exchange reserves hit a record-high $112.7 billion last month, giving authorities a degree of firepower to support the peso that’s ...
The S&P Global Japan manufacturing PMI decreased to 51.4 in March 2026 from 53.0 the previous month, falling short of expectations of 52.8. This was the lowest level since December 2025, driven by a slowdown in new order growth and the weakest expansion of total new export business in three months. The S&P Global Services PMI also dropped to 52.8 in March from 53.8, the weakest since December, inf...
The S&P Global Japan manufacturing PMI decreased to 51.4 in March 2026 from 53.0 the previous month, falling short of expectations of 52.8. This was the lowest level since December 2025, driven by a slowdown in new order growth and the weakest expansion of total new export business in three months. The S&P Global Services PMI also dropped to 52.8 in March from 53.8, the weakest since December, influenced by worries related to the ongoing Middle East conflict. New orders grew at the slowest rate since October. Overall, the S&P Global Composite PMI declined to 52.9 in March, the weakest growth pace in 12 months. The Nikkei 225 Index jumped 1.9% to around 52,500, while the broader Topix Index climbed 2.5% to 3,570 on Tuesday, snapping a sharp two-day selloff. The Japanese yen weakened past 158.5 per dollar on Tuesday, trimming gains from the previous session as oil prices recovered some of Monday’s losses. More on Japan economy: EWJ: Why Japan Is At Risk From Surging LNG And Oil Prices EWJ: Buying An Oversold Japan How Using Moving Averages To Make Allocation Changes Can Improve Risk Adjusted Returns Japan’s core inflation slips to 1.6% in February, falling below BoJ target for first time since 2022 Asian markets volatile as Trump issues 48-hour ultimatum to Iran over Hormuz blockade
Hong Kong’s largest international school group plans to raise tuition fees by an average of about 4.1 per cent for most of its primary and secondary divisions next academic year, pending approval by authorities. Parents with children enrolled in kindergartens operated by the English Schools Foundation (ESF) may face a higher fee rise, with a proposed increase of 5.8 per cent. At Discovery College ...
Hong Kong’s largest international school group plans to raise tuition fees by an average of about 4.1 per cent for most of its primary and secondary divisions next academic year, pending approval by authorities. Parents with children enrolled in kindergartens operated by the English Schools Foundation (ESF) may face a higher fee rise, with a proposed increase of 5.8 per cent. At Discovery College in Discovery Bay on Lantau Island – one of ESF’s private independent schools – secondary school parents would pay HK$1,030 (US$131) more per month, the biggest rise among all ESF schools in terms of the actual amount. Advertisement Belinda Greer, CEO of the ESF, said in a letter to parents that the average 4.1 per cent increase would allow the foundation to maintain teaching quality. “To continue investing in our schools, our growing technology needs, and – most importantly – the exceptional teachers who inspire your children every day, the board has approved an average fee increase of 4.1 per cent,” she said. Advertisement Compared with the past two years, the proposed fee hike is smaller. The ESF applied for increases of 4.8 per cent for the 2025 school year and 5 per cent for 2024, both of which were eventually approved by authorities. Kindergarten fees would range from HK$107,200 to HK$126,600 in the coming school year. Parents whose children are enrolled in the bilingual stream at Abacus Kindergarten in Sai Kung would pay HK$690 more per month.
India’s economic activity slowed in March, with manufacturing slumping to its lowest in nearly 4.5 years, as factories curtailed output due to gas shortages triggered by the war in Iran, a flash survey by HSBC Holdings Plc showed. The manufacturing purchasing managers’ index fell to 53.8 from 56.9 in February, while the services index fell to 57.2 from 58.1 last month. That pulled the composite in...
India’s economic activity slowed in March, with manufacturing slumping to its lowest in nearly 4.5 years, as factories curtailed output due to gas shortages triggered by the war in Iran, a flash survey by HSBC Holdings Plc showed. The manufacturing purchasing managers’ index fell to 53.8 from 56.9 in February, while the services index fell to 57.2 from 58.1 last month. That pulled the composite index down to 56.5 from 58.9. The indexes reflect business confidence in the economy and are based on preliminary surveys. The data may be revised when final PMI figures are released next month. A reading above 50 signals expansion in economic activity, while a print below that indicates contraction. The government imposed emergency measures and rationed gas supplies to prioritize households after Iran effectively shut the Strait of Hormuz, a key route for India’s energy imports. The shortage has disrupted industries from fertilizer and aluminum production to helium used in semiconductor manufacturing, raising the risk of a prolonged drag on growth. Many hotels and restaurants across the country had to shut down temporarily, along with industrial units dependent on gas. “Output growth eased across both manufacturing and services as the energy shock unfolds,” said Pranjul Bhandari , chief India economist at HSBC in a statement on Tuesday. “Softer domestic demand weighed on new orders, which rose at the slowest pace in more than three years, despite a record surge in new export orders,” she said. March’s increase in factory output was the softest since August 2021, HSBC said in its statement . Manufacturers suffered the most and “companies indicated that the Middle East war, unstable market conditions and inflationary pressures all dampened growth.” Firms absorbed a large part of their additional cost burdens, while price pressures were felt more intensely in the services sector. Despite the slowdown, the private sector firms continued to recruit new staff, albeit at a moderate...