US President Donald Trump said Friday he wants his incoming acting spy chief to start firing employees, deepening the controversy over the appointment of a man with no previous intelligence experience. Bill Pulte, a Trump loyalist who heads the Federal Housing Finance Agency, was named by the Republican president on Tuesday as acting Director of National Intelligence. “If he cut, I wouldn’t mind t...
US President Donald Trump said Friday he wants his incoming acting spy chief to start firing employees, deepening the controversy over the appointment of a man with no previous intelligence experience. Bill Pulte, a Trump loyalist who heads the Federal Housing Finance Agency, was named by the Republican president on Tuesday as acting Director of National Intelligence. “If he cut, I wouldn’t mind that,” Trump told reporters aboard Air Force One, adding that the number of employees in Pulte’s...
Alexey Koza/iStock via Getty Images Praxis Precision Medicines, Inc. ( PRAX ) is a bit of a "unicorn" in the clinical-stage biotechnology space. It is simultaneously preparing to launch two different drugs in two different indications, which hasn’t happened a lot in my 10 years of experience in covering this sector. Praxis’ most prized asset is ulixacaltamide. The company is seeking approval in es...
Alexey Koza/iStock via Getty Images Praxis Precision Medicines, Inc. ( PRAX ) is a bit of a "unicorn" in the clinical-stage biotechnology space. It is simultaneously preparing to launch two different drugs in two different indications, which hasn’t happened a lot in my 10 years of experience in covering this sector. Praxis’ most prized asset is ulixacaltamide. The company is seeking approval in essential tremor, or ET. Peak sales estimates vary greatly. Some (management included) will put it near $10 billion, and others closer to $1 billion. In my last analysis , I sided with caution because ulixacaltamide would undoubtedly face competition from dirt-cheap off label generics, and real-world persistence could materially alter peak sale assumptions. And, critically, Praxis sported a market cap north of $7.5 billion at this time, which appeared to already bake in blockbuster expectations for ulixacaltamide. Outside of ET, Praxis was also exploring epilepsies. But, as I noted, relutrigine’s potential in SCN2A- and SCN8A- Developmental and Epileptic Encephalopathies, or DEEs, was limited due to a very low target population. Meanwhile, vormatrigine faces an uphill battle in more common epileptic conditions, like focal onset seizures and generalized epilepsy. Both of which already feature over a dozen entrenched antiepileptics. So, in my mind, Praxis was an “ulixacaltamide in ET” story, with some upside optionality in epilepsy. I ended with a “Hold” going into 2026 due to a frothy valuation, and its stock has since returned -11% vs. S&P 500 ( SPY ) gains of 9%. The company has since submitted NDAs for both ulixacaltamide and relutrigine, raised over $600 million via a public offering, and reported Phase 2/3 POWER1 trial data (vormatrigine). Below, I take a closer look at recent developments, as well as value Praxis’ pipeline. I end up siding with caution again despite the company’s regulatory progress. Recent Developments After raising over $600 million in a public offerin...
Just over a year ago, the Trump Administration issued an executive order meant to accelerate the development of nuclear power in the US. While an entire startup ecosystem has developed around the use of different—and typically smaller—reactor designs, only one of them has been fully licensed so far, and there are no plans to actually build any instances of that design. The executive order directed...
Just over a year ago, the Trump Administration issued an executive order meant to accelerate the development of nuclear power in the US. While an entire startup ecosystem has developed around the use of different—and typically smaller—reactor designs, only one of them has been fully licensed so far, and there are no plans to actually build any instances of that design. The executive order directed the Department of Energy to have three different reactor designs reach criticality in a bit over a year. On Thursday, a startup called Antares announced that a test reactor it had placed at the Idaho National Laboratory had reached criticality, making it the first new design to cross this threshold. Criticality means that the nuclear reactions inside the hardware had become self sustaining; it does not mean the reactor had started to generate power. Antares is one of a number of companies that is basing its design on a new fuel system called TRISO that takes some of the complexity and safety out of the reactor design and places them in the fuel design. The fuel design is based on tiny pellets with a uranium oxide core. The pellets are surrounded by several layers of carbon that can moderate the energy of both the neutrons and lighter nuclei that are released by fission reactions. All of that is encased in a hard ceramic shell that's designed to withstand the highest temperatures that can be produced by the encased uranium. Read full article Comments
dan_prat/iStock Unreleased via Getty Images Suncor Energy ( SU ) down 4.8% in Friday's trading as Goldman Sachs downgrades the Canadian oil and gas producer to Neutral from Buy with a $72 price target, citing multi-year outperformance that has seen the stock more than double since January 2023 compared to the XLE ETF's 34% gain. Suncor's ( SU ) strength has been driven by a successful operational ...
dan_prat/iStock Unreleased via Getty Images Suncor Energy ( SU ) down 4.8% in Friday's trading as Goldman Sachs downgrades the Canadian oil and gas producer to Neutral from Buy with a $72 price target, citing multi-year outperformance that has seen the stock more than double since January 2023 compared to the XLE ETF's 34% gain. Suncor's ( SU ) strength has been driven by a successful operational turnaround under CEO Rich Kruger, whose leadership has helped improve efficiency and execution across the business, Goldman analyst Neil Mehta says. Even with less relative upside, Mehta maintains a positive outlook on Suncor ( SU ), highlighting strong upstream segment operational execution, particularly at the Firebag and Fort Hills assets, and attractive downstream earnings contributions. The analyst also notes a resilient balance sheet, with net debt below C$8B, that supports robust capital returns, underpinned by the company's commitment to return 100% of excess funds. Looking ahead, Mehta expects Suncor ( SU ) to capture higher margins by shifting its production mix from ~70% mining to ~60% in-situ, as in-situ operations currently generate twice the cash flow per barrel relative to traditional mining. While the strategic decision provides a path to higher profitability, the analyst believes long-term gains are already well-reflected in the current stock price, resulting in a risk/reward profile that appears increasingly balanced at current levels. For investors seeking a strong Canadian presence with upstream exposure, Goldman suggests four Buy-rated names: Cenovus Energy ( CVE ), Ovintiv ( OVV ), ConocoPhillips ( COP ), and Canadian Natural Resources ( CNQ ). More on Suncor Energy Suncor Energy Q1 2026 Earnings Call Transcript Suncor Energy Q1 2026 Earnings Call Presentation Suncor Energy: Moving My Buy Target Up To $55/Share on Post-Conflict Fundamentals
(L-R) Google CEO Sundar Pichai speaks with Tesla and SpaceX CEO Elon Musk as they arrive for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Days before a planned IPO that's expected to bring in record sums of cash, SpaceX has inked a deal with Google that will bring ...
(L-R) Google CEO Sundar Pichai speaks with Tesla and SpaceX CEO Elon Musk as they arrive for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Days before a planned IPO that's expected to bring in record sums of cash, SpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant. According to a filing on Friday, Google will use about 110,000 Nvidia graphics processing units, as well as central processors, memory and other components housed in SpaceX's data center. The agreement spans from October of this year through June 2029 at the $920 million rate, and with "capacity ramping up through September at a reduced fee." SpaceX said in the filing that if it fails to "deliver access to the committed amount of GPUs by September 30, 2026," Google can immediately end the agreement, or accept the number of GPUs provided at a reduced fee after a one-month grace period. After this year, the agreement can be terminated by either party provided they give 90 days' notice. It's the second massive infrastructure deal announced by SpaceX following its merger in February with xAI, Elon Musk's artificial intelligence company, in a transaction that valued the combined entity at $1.25 trillion. Last month, Anthropic announced a deal to use all of SpaceX's compute capacity at its Colossus 1 data center in Memphis, Tennessee. Alphabet has made a windfall from backing SpaceX. Musk's company was worth $12 billion at the time of Google's 2015 investment, and is aiming to go public next week at a valuation of over $1.75 trillion. WATCH: SpaceX likely to purchase Cursor in the near future watch now VIDEO 4:12 04:12 SpaceX likely to purchase Cursor in the near future, says 22V's Dauvin Peterson The Exchange Choose CNBC as your preferred source on Google and never miss a moment from the most trusted n...
Income investors have piled into Verizon Communications (NYSE:VZ) this year, sending the stock up 21.4% year to date as the crowd chases a 5.78% dividend yield and the company’s old “premium network” reputation. But here’s what you should actually be watching. Verizon is the textbook telecom value trap. The stock now carries a $199.3 billion ... Forget Wall Street’s Ultimate Telecom Value Trap and...
Income investors have piled into Verizon Communications (NYSE:VZ) this year, sending the stock up 21.4% year to date as the crowd chases a 5.78% dividend yield and the company’s old “premium network” reputation. But here’s what you should actually be watching. Verizon is the textbook telecom value trap. The stock now carries a $199.3 billion ... Forget Wall Street’s Ultimate Telecom Value Trap and Buy the Real Free Cash Flow King
Village Farms International Inc．宣布已与领先的美国机构投资者签订证券购买协议，通过注册直接发行方式出售750万股普通股，预计募集资金约1500万美元。该交易预计将于6月8日前后完成。 公司首席执行官Michael DeGiglio表示，虽然公司资产负债表并不急需注资，但这一机会能够优化资本结构并引入高质量机构资本伙伴。DeGiglio称，这反映了知名机构投资者对公司...
Village Farms International Inc．宣布已与领先的美国机构投资者签订证券购买协议，通过注册直接发行方式出售750万股普通股，预计募集资金约1500万美元。该交易预计将于6月8日前后完成。 公司首席执行官Michael DeGiglio表示，虽然公司资产负债表并不急需注资，但这一机会能够优化资本结构并引入高质量机构资本伙伴。DeGiglio称，这反映了知名机构投资者对公司未来前景的信心，特别是对公司在欧洲和北美市场持续扩张的领先地位和竞争优势的认可。 融资消息公布后，Village Farms股价在周五盘前交易中下跌约8.9%，主要反映了现有股东对股权稀释的担忧。本次发行完成后，公司预计已发行及流通普通股总数将达到约1.218亿股。 Village Farms此前披露，2026年第一季度末持有现金5500万美元，并预计在2026年余下时间内通过正向经营现金流进一步提升现金余额。本次融资所得净收益将用于营运资金及一般企业用途。公司重申，预计在2026年剩余时间内将继续保持正向运营现金流。 Village Farms是一家全球领先的大麻及植物基消费品公司，依托数十年受控环境农业经验和荷兰种植技术，在加拿大、欧洲和美国运营大型温室及室内种植资产。公司在加拿大不列颠哥伦比亚省运营全球最大的欧盟GMP认证大麻设施，在荷兰是仅有的十家持牌运营商之一，旗下CBDistillery品牌也是美国领先的大麻素健康平台。 责任编辑：张俊 SF065
On May 22, 2026, James J. Burke Jr., Director of Lincoln Educational Services Corporation (NASDAQ:LINC) , executed an open-market sale of 15,807 shares, as disclosed in a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average reporting price ($48.36). Note: 1-year price change calculated using May 22nd, 2026 as the reference date. Continue reading
On May 22, 2026, James J. Burke Jr., Director of Lincoln Educational Services Corporation (NASDAQ:LINC) , executed an open-market sale of 15,807 shares, as disclosed in a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average reporting price ($48.36). Note: 1-year price change calculated using May 22nd, 2026 as the reference date. Continue reading