The US space agency unveiled the crew for its Artemis III mission on Tuesday during an enthusiastic event at Johnson Space Center in Houston. For this spaceflight into low-Earth orbit, which will see the Orion spacecraft rendezvous and dock with lunar lander prototypes, NASA chose an experienced, all-male crew with military backgrounds. They were revealed inside a darkened Teague Auditorium where ...
The US space agency unveiled the crew for its Artemis III mission on Tuesday during an enthusiastic event at Johnson Space Center in Houston. For this spaceflight into low-Earth orbit, which will see the Orion spacecraft rendezvous and dock with lunar lander prototypes, NASA chose an experienced, all-male crew with military backgrounds. They were revealed inside a darkened Teague Auditorium where hundreds of friends, family members, and NASA employees cheered enthusiastically. The four crew members are: Read full article Comments
Walter Cicchetti New York City Comptroller Mark Levine, who oversees the city's $300B pension fund portfolio, warned that SpaceX's ( SPCX ) governance structure will give founder Elon Musk unprecedented control and undermine the rights of regular shareholders. While noting that "we are in an era of founders wanting more control," Levine told Bloomberg that SpaceX's governance structure "is way bey...
Walter Cicchetti New York City Comptroller Mark Levine, who oversees the city's $300B pension fund portfolio, warned that SpaceX's ( SPCX ) governance structure will give founder Elon Musk unprecedented control and undermine the rights of regular shareholders. While noting that "we are in an era of founders wanting more control," Levine told Bloomberg that SpaceX's governance structure "is way beyond what we’ve seen." “There’s no precedent for this,” Levine said, adding that the governance structure would essentially “disempower” shareholders. Bloomberg noted that SpaceX's ( SPCX ) governance structure would not only give Musk approximately 80% of the shareholder voting rights but also make him CEO, chief technical officer, and chairman of the board. Levine told Bloomberg that despite his misgivings, the city would have a difficult time sidestepping the SpaceX IPO. “We’ve never divested from a single company,” he said. “We’ve done sector-based exclusion only,” adding that refusing to invest in SpaceX “would be unprecedented for us, and it is not simple.” Instead, Levine said he intends to keep pushing for SpaceX to adopt a more democratic governance structure, adding that New York investment professionals have encouraged him to “keep fighting on this." SpaceX ( SPCX ), which was founded by Tesla ( TSLA ) CEO Elon Musk, is expected to go public on June 12. Formally known as Space Exploration Technologies, SpaceX also owns xAI ( X.AI ), Starlink ( STRLK ), and X. More on SpaceX How 20 Years Of IPO Experience Helps Me Think About SpaceX SpaceX: You Are Buying 2030 At The 2026 Offer Price The SpaceX IPO: All Systems Go, Ready For Blast Off? NASA names Artemis III crew for key SpaceX, Blue Origin lander test SpaceX employees are said to team up for discount wealth management after IPO
Political row emerges over state’s failure to tackle sexual violence against children as people protest across France A lawyer for the family of an 11-year-old girl whose disappearance and murder sparked protests across France has called for more funding for the struggling justice system, amid a political row over the French state’s failure to tackle sexual violence against children. “Frankly, if ...
Political row emerges over state’s failure to tackle sexual violence against children as people protest across France A lawyer for the family of an 11-year-old girl whose disappearance and murder sparked protests across France has called for more funding for the struggling justice system, amid a political row over the French state’s failure to tackle sexual violence against children. “Frankly, if the justice system had more resources, this tragedy and all the others wouldn’t have happened,” said the family’s lawyer, François Roujou de Boubée, on Tuesday. “The victim’s family and I trust in the justice system. So enough is enough.” Continue reading...
Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, ...
Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, ...
Southern Poverty Law Center releases report as US government pursues federal fraud charges against group A new report from the Southern Poverty Law Center ( SPLC ) finds hard-right groups have increasingly expanded their influence across the US government, which is pursuing a federal fraud case into the civil rights organization. Tuesday’s report – which identified 1,263 hate and anti-government g...
Southern Poverty Law Center releases report as US government pursues federal fraud charges against group A new report from the Southern Poverty Law Center ( SPLC ) finds hard-right groups have increasingly expanded their influence across the US government, which is pursuing a federal fraud case into the civil rights organization. Tuesday’s report – which identified 1,263 hate and anti-government groups in operation throughout 2025 – comes less than two months after it was indicted by the government it says the hard right has infiltrated. Continue reading...
Carlos Domingo, CEO of Securitize, joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." They discuss why he believes it's a good time for Securitize to go public, including raising the profile of tokenization and raising capital for acquisitions. (Source: Bloomberg)
Carlos Domingo, CEO of Securitize, joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." They discuss why he believes it's a good time for Securitize to go public, including raising the profile of tokenization and raising capital for acquisitions. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images Eli Lilly and Company ( LLY ) has been the strongest performing big pharma company over the last year. It's up 50% in the last year compared to Novo Nordisk A/S ( NVO ), which is down 44%. LLY has mainly outperformed because of strong GLP-1 revenue, but my opinion here is that if your main LLY bull case remains GLP-1 dominance, then you're missing the re...
JHVEPhoto/iStock Editorial via Getty Images Eli Lilly and Company ( LLY ) has been the strongest performing big pharma company over the last year. It's up 50% in the last year compared to Novo Nordisk A/S ( NVO ), which is down 44%. LLY has mainly outperformed because of strong GLP-1 revenue, but my opinion here is that if your main LLY bull case remains GLP-1 dominance, then you're missing the real underlying bull case. The numbers so far are great—$19.8 billion in Q1 revenue with ~$84 billion full-year revenue guidance, and Mounjaro is up 125% year-over-year. So we have a very strong underlying company, but the real value is being built based on the reinvestment from these strong numbers. The questions I'm going to try to answer for you here are what exactly LLY is doing with this free cash flow and what the company potentially looks like in 5+ years. Before that… a deeper look at the financials. Financials The headline numbers I touched on above are very strong, but here are the numbers I, personally, have looked at the most: Q1 2026 R&D spend came in at $3.5 billion, up 28% year-over-year, representing 18% of revenue. For context, that's more than most mid-cap pharma companies generate in total annual revenue, being spent in a single quarter on research alone. Full-year 2025 revenue was $65.2 billion, up 45% on 2024. The 2026 midpoint guidance of $83.5 billion implies another ~28% growth on top of that. We're now at a scale where those kinds of % gains add tens of billions in revenue per annum. Non-GAAP gross margin came in at 82.6% in Q1 2026. That is exceptional for a company with Lilly's manufacturing complexity and gives the business enormous cash conversion on every dollar of incremental GLP-1 revenue. Lilly has deployed that cash flow into four acquisitions in roughly 18 months: Verve Therapeutics (cardiovascular gene editing), Ascidian Therapeutics (RNA exon-editing for rare kidney disease), Scorpion Therapeutics (targeted oncology), and Morphic Therapeut...
SpaceX is on the verge of its initial public offering (IPO), and the stock's public debut is poised to make history. The stock will hit the Nasdaq exchange under the ticker symbol SPCX on June 12, and the company is aiming to raise $75 billion through stock sales that will value the company at approximately $1.77 trillion. The hotly anticipated IPO is set to be the largest in market history and se...
SpaceX is on the verge of its initial public offering (IPO), and the stock's public debut is poised to make history. The stock will hit the Nasdaq exchange under the ticker symbol SPCX on June 12, and the company is aiming to raise $75 billion through stock sales that will value the company at approximately $1.77 trillion. The hotly anticipated IPO is set to be the largest in market history and seemingly has SpaceX on track to instantly become one of the world's largest publicly traded companies. At a market capitalization of $1.77 trillion, the company will be valued at approximately 94.7 times the $18.7 billion in revenue it recorded last year. While the company has an enormously growth-dependent valuation, it also has some huge expansion opportunities ahead. Image source: Getty Images. Continue reading
Bloomberg's Emily Nicolle joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." FTX co-founder Sam Bankman-Fried formally applied for a presidential pardon, more than two years after he was convicted over the multi-billion dollar collapse of his once-thriving cryptocurrency empire. (Source: Bloomberg)
Bloomberg's Emily Nicolle joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." FTX co-founder Sam Bankman-Fried formally applied for a presidential pardon, more than two years after he was convicted over the multi-billion dollar collapse of his once-thriving cryptocurrency empire. (Source: Bloomberg)
Bloomberg's Emily Nicolle joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." Bitcoin steadied itself after dropping below the key threshold of $60,000, as Strategy Chairman Michael Saylor resumed making purchases of the token. (Source: Bloomberg)
Bloomberg's Emily Nicolle joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." Bitcoin steadied itself after dropping below the key threshold of $60,000, as Strategy Chairman Michael Saylor resumed making purchases of the token. (Source: Bloomberg)
neiu20001/iStock Editorial via Getty Images Designer Brands Inc. ( DBI ) reported the company’s fiscal Q1 results from the February-April period on the 9 th of June. The footwear retailer and brand portfolio owner showed impressive gross margin gains and good brand portfolio growth, but slow sales and a concerning EPS guidance ultimately matter more. Concerning industry trends continue to weigh on...
neiu20001/iStock Editorial via Getty Images Designer Brands Inc. ( DBI ) reported the company’s fiscal Q1 results from the February-April period on the 9 th of June. The footwear retailer and brand portfolio owner showed impressive gross margin gains and good brand portfolio growth, but slow sales and a concerning EPS guidance ultimately matter more. Concerning industry trends continue to weigh on Designer Brands alongside other footwear retailers, and macroeconomic pressure has further slowed down the sector environment. The stock is down by nearly -24% after earnings as of writing, as the report pushed back hopes of a turnaround. I maintained a Sell rating in my previous December 2025 article on the stock, titled “ Designer Brands Q3: A Clear EPS Beat, But Not Good Enough. ” The stock has since lost -5% of its value; meanwhile, the S&P 500 has gained 7%. My Rating History on DBI (Seeking Alpha) Designer Brands Q1 Review Designer Brands’ Q1 financials didn’t fall far from Wall Street’s consensus expectations for the quarter. Revenues came in less than half a million below the consensus at $696 million, whereas the quarter’s $0.07 adjusted EPS beat the consensus by four cents. Once again, sales were weak in the report, but the profitability trend was impressively strong when considering a weak sales trend. Starting with what I believe to be the report’s largest negative, despite some stabilization, Designer Brands’ retail sales performance remains very weak. Comparable sales declined by -1.1%, showing growth significantly below 2.5% to 4.2% apparel inflation for the quarter while already comparing to a very weak sales level a year ago. A near-consistent retail sales decline has continued for three years already. Declining retail store sales remain a significant long-term concern; stable sales are ultimately critical to maintaining profitability in retail. Designer Brand has closed six net stores during the past year, bringing the total to 663 after Q1. Total retail ...