The Trump administration unveiled measures aimed at preventing Chinese developers from improperly using leading American AI models to build a rival generation of chatbots, marking the first major US response to Silicon Valley companies’ complaints that China is piggybacking on their success. In a memo Thursday, the White House Office of Science and Technology Policy said it will promote wider info...
The Trump administration unveiled measures aimed at preventing Chinese developers from improperly using leading American AI models to build a rival generation of chatbots, marking the first major US response to Silicon Valley companies’ complaints that China is piggybacking on their success. In a memo Thursday, the White House Office of Science and Technology Policy said it will promote wider information sharing by US-based developers and increase efforts to help the industry detect unauthorized extraction of their artificial intelligence models. The US government will also work with industry to determine how to rein in such abuses and hold bad actors accountable. “There is nothing innovative about systematically extracting and copying the innovations of American industry, and there is nothing open about supposedly open models that are derived from acts of malicious exploitation,” White House Science and Technology Policy Director Michael Kratsios said in the memo. The planned measures represent the most significant US effort so far to rein in a practice known as distillation, where AI developers train systems using results from a parent AI model to create similar capabilities in a new one at a far lower cost. Models made in this way avoid expenses from both research and the costly AI processors needed for original model training. While tolerated for training smaller, less-advanced systems, distillation violates AI companies’ terms of use when it’s employed to replicate a cutting-edge AI model without permission. The White House clarified in its memo that the US supports a vibrant open-source ecosystem but added that distillation aimed at undermining US research and development investments is unacceptable. Read More: OpenAI, Anthropic, Google Unite to Combat Model Copying in China The broader effort to crack down on unauthorized distillation seeks to address a growing concern among US companies including OpenAI , Anthropic PBC and Alphabet Inc. ’s Google that output...
Earnings Call Insights: NextEra Energy (NEE) Q1 2026 Management View "NextEra Energy is off to a terrific start to the year, delivering strong first quarter results" and "Adjusted earnings per share increased by 10% year-over-year" (President, CEO & Chairman John Ketchum). "FPL expects to invest between $90 billion and $100 billion through 2032" and its 10-year plan "shows roughly 4 gigawatts of n...
Earnings Call Insights: NextEra Energy (NEE) Q1 2026 Management View "NextEra Energy is off to a terrific start to the year, delivering strong first quarter results" and "Adjusted earnings per share increased by 10% year-over-year" (President, CEO & Chairman John Ketchum). "FPL expects to invest between $90 billion and $100 billion through 2032" and its 10-year plan "shows roughly 4 gigawatts of new gas-fired generation, complementing over 12 gigawatts of solar and over 7 gigawatts of storage solutions" (President, CEO & Chairman Ketchum). "So far, we have about 21 gigawatts of large load interest at FPL" and "we continue to expect at least one large load customer to sign up for capacity under FPL's tariff by the end of the year"; "every gigawatt of large load under FPL's approved tariff" was described as "roughly $2 billion of CapEx" (President, CEO & Chairman Ketchum). "Energy Resources" had "a record quarter" with "4 gigawatts of new long-term contracted renewables and storage projects" added to backlog, including "1.3 gigawatts" of battery storage origination; management also cited a stand-alone and co-located storage pipeline of "over 110 gigawatts" (President, CEO & Chairman Ketchum). "Last month, the U.S. Department of Commerce selected Energy Resources to build 9.5 gigawatts of new gas-fired generation to serve large load" tied to the "U.S.-Japan trade deal" framework; "the U.S. and Japan would own the projects, while Energy Resources would develop, build and operate them" (President, CEO & Chairman Ketchum). "For the first quarter of 2026, FPL's earnings per share increased $0.06 year-over-year" and "FPL's capital expenditures were approximately $3.2 billion for the quarter" (CFO & Executive VP of Finance Michael Dunne). Outlook "Our 2026 adjusted earnings per share expectations range of $3.92 to $4.02 remains unchanged, and we are targeting the high end of that range" (CFO Dunne). "We expect to grow adjusted earnings per share at a compound annual growth r...
Earnings Call Insights: Kaiser Aluminum (KALU) Q1 2026 Management View CEO Keith Harvey said, "We're very pleased with our first quarter performance" and added that the company is "raising our full year outlook," citing "another record for EBITDA and EBITDA margins," with "new capacity installed over the last several years" ramping and "customer demand" stronger than expected. Harvey highlighted m...
Earnings Call Insights: Kaiser Aluminum (KALU) Q1 2026 Management View CEO Keith Harvey said, "We're very pleased with our first quarter performance" and added that the company is "raising our full year outlook," citing "another record for EBITDA and EBITDA margins," with "new capacity installed over the last several years" ramping and "customer demand" stronger than expected. Harvey highlighted market conditions he linked to pricing and availability: "Lead times across the industry are beginning to stretch. And pricing continues to firm across many of our products," while also saying, "our supply lines for metal remain secure through the balance of the year." CFO Neal West reported, "Conversion revenue for the first quarter was $404 million," and said reported profitability rose materially: "Reported net income for the first quarter was $63 million or income of $3.71 per diluted share" and "adjusted income of $3.74 per diluted share." West described the earnings bridge and metal impacts: "Adjusted EBITDA for the first quarter was $129 million" and "the first quarter metal lag gain was approximately $36 million," adding that "the increase in year-over-year scrap spreads and the metal lag gain reflect higher aluminum prices" tied to geopolitical conflict and tariff policy. On cash generation and leverage, West said, "We generated solid free cash flow... of $69 million in the first quarter," and added, "our net debt leverage ratio improved to 2.8x from 3.4x at year-end," alongside liquidity of "approximately $596 million" and "no debt maturing until 2030." Outlook Harvey raised full-year market expectations and said, "we now expect aerospace and high-strength shipments to grow in the range of 15% to 20% this year, with conversion revenue growth of 10% to 15%." For Warrick packaging, Harvey guided to faster growth and emphasized coated mix: "we now expect packaging shipments to grow between 10% and 15% for the year, with conversion revenue growth in the range of 20% to...
Vitrolife AB (publ) press release ( VTRLY ): Q1 GAAP EPS of SEK0.74. Revenue of SEK842M. More on Vitrolife AB (publ) Vitrolife AB (publ) 2026 Q1 - Results - Earnings Call Presentation Vitrolife AB (publ) (VTRLY) Q4 2025 Earnings Call Transcript Vitrolife AB (publ) 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for Vitrolife AB (publ) Dividend scorecard for Vitrolife AB (pu...
Vitrolife AB (publ) press release ( VTRLY ): Q1 GAAP EPS of SEK0.74. Revenue of SEK842M. More on Vitrolife AB (publ) Vitrolife AB (publ) 2026 Q1 - Results - Earnings Call Presentation Vitrolife AB (publ) (VTRLY) Q4 2025 Earnings Call Transcript Vitrolife AB (publ) 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for Vitrolife AB (publ) Dividend scorecard for Vitrolife AB (publ)
ORN is set to report Q1 results on April 28. EPS is seen at breakeven and revenues are seen up 5% to $195.2M on Marine/Concrete strength and J.E. McAmis boost.
ORN is set to report Q1 results on April 28. EPS is seen at breakeven and revenues are seen up 5% to $195.2M on Marine/Concrete strength and J.E. McAmis boost.
Exclusive: Officials warn department will also lose access to database of 26,000 verified incidents due to cuts The Foreign Office unit tracking potential breaches of international law by Israel in Gaza and more recently Lebanon has been closed because of cuts within the department, the Guardian can reveal. The decision to shut the international humanitarian law cell follows a review by Olly Robbi...
Exclusive: Officials warn department will also lose access to database of 26,000 verified incidents due to cuts The Foreign Office unit tracking potential breaches of international law by Israel in Gaza and more recently Lebanon has been closed because of cuts within the department, the Guardian can reveal. The decision to shut the international humanitarian law cell follows a review by Olly Robbins, the permanent secretary at the Foreign Office dismissed last week by the prime minister over the Peter Mandelson scandal. Continue reading...
Spyre Therapeutics' stock rises 73% in a month after mid-stage data show strong efficacy and safety for SPY001 in ulcerative colitis, boosting investor optimism.
Spyre Therapeutics' stock rises 73% in a month after mid-stage data show strong efficacy and safety for SPY001 in ulcerative colitis, boosting investor optimism.
JD.com, Inc. (NASDAQ:JD) is included among the 10 Best Global Stocks to Buy According to Wall Street Analysts. JD.com, Inc. (NASDAQ:JD) is a leading technology-driven e-commerce company transforming to become the leading supply chain-based technology and service provider. On April 17, Arete upgraded JD.com, Inc. (NASDAQ:JD) from ‘Neutral’ to ‘Buy’, while also raising its price […]
JD.com, Inc. (NASDAQ:JD) is included among the 10 Best Global Stocks to Buy According to Wall Street Analysts. JD.com, Inc. (NASDAQ:JD) is a leading technology-driven e-commerce company transforming to become the leading supply chain-based technology and service provider. On April 17, Arete upgraded JD.com, Inc. (NASDAQ:JD) from ‘Neutral’ to ‘Buy’, while also raising its price […]
Mips AB (publ) press release ( MPZAF ): Q1 GAAP EPS of SEK1.09. Revenue of SEK151M. More on Mips AB (publ) Mips AB (publ) 2026 Q1 - Results - Earnings Call Presentation Mips AB (publ) 2025 Q4 - Results - Earnings Call Presentation Mips AB (publ) (MPZAY) Q4 2025 Earnings Call Transcript Historical earnings data for Mips AB (publ) Dividend scorecard for Mips AB (publ)
Mips AB (publ) press release ( MPZAF ): Q1 GAAP EPS of SEK1.09. Revenue of SEK151M. More on Mips AB (publ) Mips AB (publ) 2026 Q1 - Results - Earnings Call Presentation Mips AB (publ) 2025 Q4 - Results - Earnings Call Presentation Mips AB (publ) (MPZAY) Q4 2025 Earnings Call Transcript Historical earnings data for Mips AB (publ) Dividend scorecard for Mips AB (publ)
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. AI energy startup Fermi has a big-name co-founder in former Texas Governor Rick Perry and an ambitious goal to build th...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. AI energy startup Fermi has a big-name co-founder in former Texas Governor Rick Perry and an ambitious goal to build the world’s largest private power grid for a data-center campus. The drama around the company these days is also Texas-sized. Since skyrocketing in its first day of trading, Fermi has been jolted by challenges including the loss of a key anchor tenant for its Project Matador site near Amarillo. It told investors in March that it still hadn’t signed up customers. The turmoil only worsened with the ouster of CEO and co-founder Toby Neugebauer and the departure of Chief Financial Officer Miles Everson. The stock plunged 18% on Monday, flirting with the all-time low of $4.80 set earlier this month. The management shuffle suggested “there was friction between customers and Mr. Neugebauer, and negotiations could be simpler going forward,” Stifel Nicolaus & Co. analyst Stephen Gengaro said in a note. But the week’s turmoil wasn’t over. Neugebauer publicly called for the company’s sale and the resignation of the board, which includes Perry, a former US energy secretary. Fermi rebuffed the idea . While the stock rebounded on speculation that there might be a deal, Fermi was still down 72% through Wednesday since trading began. The Fine Line The next few months are critical for the newly formed Texas Stock Exchange. Former US Representative Jeb Hensarling, a strategic adviser for the TXSE, stopped in for a visit at Bloomberg’s Dallas office. “We expect trading to start this summer, and shortly thereafter, you will see listings probably in Q4 of this year, then Q1 of next year will be IPOs ,” said Hensarling. Hensarling was recently in Florida for an event with politicians and others to...
peshkov Avis Budget Group ( CAR ) fell 50% in Thursday afternoon trading to extend the inevitable slide that began on Wednesday. The car rental stock is down more than 75% from its meme-fueled high after float mechanics created a unique trading situation tied to aggressive call buying by momentum funds and options speculators. Earlier in the week, Barclays attributed the rally to a supply/demand m...
peshkov Avis Budget Group ( CAR ) fell 50% in Thursday afternoon trading to extend the inevitable slide that began on Wednesday. The car rental stock is down more than 75% from its meme-fueled high after float mechanics created a unique trading situation tied to aggressive call buying by momentum funds and options speculators. Earlier in the week, Barclays attributed the rally to a supply/demand mismatch, with two holders accounting for 71% of outright ownership of Avis Budget ( CAR ) and over 100% of economic interest given outstanding swaps. Hertz Global Holdings ( HTZ ) slid 13% and is down more than 30% from its April 20 trading level. On Wall Street, Deutsche Bank downgraded Avis Budget ( CAR ) earlier in the week to a Hold rating due to valuation concerns, while Hertz Global ( HTZ ) had already lost its last bull earlier in the year. Seeking Alpha analysts have been notably cautious on both names in recent articles. Trading volume on Avis Budget ( CAR ) and Hertz Global ( HTZ ) has been very high over the last week, despite the thin float. More on Avis Budget and Hertz Global Sell Both Avis And Hertz Before The Car Rental Euphoria Ends Hertz: 4 Reasons To Ignore The Short Squeeze Avis Budget: Shorts Are Running Out Of Options Avis Budget craters as the meme party runs out of gas Avis Budget continues to soar, Michael Burry calls it ‘dumb luck’
ismagilov/iStock via Getty Images The conflict in the Middle East continues to dominate headlines and energy prices continue to swing wildly to every new data point or news tidbit around the region. After falling for five straight weeks into this new regional war and the early weeks of this conflict, the markets have rebounded strongly since the end of March. The major indexes are right at all-tim...
ismagilov/iStock via Getty Images The conflict in the Middle East continues to dominate headlines and energy prices continue to swing wildly to every new data point or news tidbit around the region. After falling for five straight weeks into this new regional war and the early weeks of this conflict, the markets have rebounded strongly since the end of March. The major indexes are right at all-time highs. State Street Technology Select Sector SPDR ETF - One Month Chart (Seeking Alpha) The rally has been led for the most part by technology, as the AI revolution has driven the majority of gains in equities since late 2022. And while the birth of AI is a true technology paradigm shift that will change the economy and society in fundamental ways, there are many downsides to the AI story. This article discusses five of these. Electricity Costs: The backbone of the Internet Revolution was fiber optic cables. More than 110,000 miles of fiber optic cable have been laid to enable the internet. The backbone of the AI revolution is the GPU chip, primarily from vendors like NVIDIA Corporation ( NVDA ) . There are a couple of key differences between these primary components of their respective technology paradigm shifts. The first is the useful life of fiber optic cables is 25 years or longer. During the Internet Bust thousands of miles of this fiber optic network went unused for years, which was known as ' dark fiber '. As internet demand continued to increase this dark fiber was eventually easily and cheaply turned back ' on '. AI Data Center Diagram ( SubstackCDN.com ) While many hyperscalers are currently depreciated GPU chips on a five- or six-year schedule, top end chips traditionally get replaced on a two to three years schedule. This is largely due to ' Moore's Law '. It is also why the likes of NVIDIA and Intel ( INTC ) typically come out with new improved chip sets every two years or so. These chips are significantly more powerful than their predecessors and offer othe...
Investors are starting to find value in an area of the market that not too long ago was heavily associated with growth: software. The group has struggled to keep up with the broader market in recent years. The iShares Expanded Tech-Software Sector ETF (IGV) tumbled 35.7% in 2022 and virtually matched the S & P 500's performance in 2024. And despite it soaring 58% in 2023, it only gained 5.6% last ...
Investors are starting to find value in an area of the market that not too long ago was heavily associated with growth: software. The group has struggled to keep up with the broader market in recent years. The iShares Expanded Tech-Software Sector ETF (IGV) tumbled 35.7% in 2022 and virtually matched the S & P 500's performance in 2024. And despite it soaring 58% in 2023, it only gained 5.6% last year — and has tumbled 20% in 2026. This year, investors have dumped software names as they search for companies vulnerable to obsolescence. IGV is also more than 29% below its 52-week high. However, this latest setback has attracted stock pickers who think some names have been unfairly sold off. The IGV has staged a bounce back in April, rallying more than 8% month to date. "Oftentimes, you have sort of the proverbial babies being thrown out with the bath water when its entire country or sector goes on wholesale. One area that has been quite fruitful for us lately has been software," said Christian Heck, deputy head of global value at First Eagle Investments. "They have massively sold off on AI fears." IGV YTD mountain IGV year to date Hunting for value First Eagle Investments' Heck and Julien Albertini, who are both deputy heads of global value at the firm, said Workday is one software name they believe has been unfairly punished. It's a holding in the firm's First Eagle Global Fund (SGENX), which has $75.3 billion in assets under management and is rated five stars by Morningstar. It's in the top quartile among its peers, on a 1-year, 3-year, 5-year and even 10-year basis. It's returned roughly 33% over the last year. It has an adjusted expense ratio of 1.1%. The human capital management firm that manages hiring, onboarding, benefits and compensation services for roughly two-thirds of Fortune 500 companies, meaning that the business is highly entrenched within the largest U.S. corporations. In fact, Workday is so essential that it's considered a "system of record," or the...
Tesla CEO Elon Musk late Wednesday offered his latest update on the status of the next-generation Roadster, the sleek two-door sports car first announced in 2027, reservations for which can be currently had for a cool $50,000.
Tesla CEO Elon Musk late Wednesday offered his latest update on the status of the next-generation Roadster, the sleek two-door sports car first announced in 2027, reservations for which can be currently had for a cool $50,000.
Golden Pass LNG, the joint venture between Exxon Mobil ( XOM ) and QatarEnergy, said Wednesday it loaded and shipped its first export cargo of liquefied natural gas from its Sabine Pass terminal in Texas, bringing one of the biggest new U.S. export projects closer to full commercial service. The company said Train 1 is now operating, while construction and commissioning continue on Trains 2 and 3...
Golden Pass LNG, the joint venture between Exxon Mobil ( XOM ) and QatarEnergy, said Wednesday it loaded and shipped its first export cargo of liquefied natural gas from its Sabine Pass terminal in Texas, bringing one of the biggest new U.S. export projects closer to full commercial service. The company said Train 1 is now operating, while construction and commissioning continue on Trains 2 and 3, which are expected to come online in turn upon stable operation of Train 1; once fully operational, Golden Pass LNG expects to export ~18M tons/year of LNG. The destination of the first shipment on the vessel, Al Qa'iyyahal , was unclear, but Reuters previously reported it was expected to go to Italy to make up for some contracted LNG QatarEnergy has not been able to deliver because of the Middle East war. The inaugural shipment comes seven years after construction on the $10B plant began; QatarEnergy owns 70% of the project, and Exxon Mobil ( XOM ) holds 30%. Golden Pass LNG is crucial for QatarEnergy's growth ambitions amid an uncertain outlook caused by the war, as the operator's entire 77M metric tons/year LNG production capacity in Qatar is currently offline. More on Exxon Mobil Exxon Mobil: Options Become Lucrative Amid Unusual Volatilities Exxon Mobil: Price Drop Priced In Everything, But Didn't Deeply Discount It Exxon Mobil: War Effect On Earnings
Getlink SE press release ( GRPTF ): Q1 Revenue of € 371M. Market share at 35.8% (vs 36.4% in Q1 2025) in a cross-Channel market characterised by overcapacity and intense competition. More on Getlink Getlink SE (GRPTY) Analyst/Investor Day - Slideshow Getlink SE (GRPTY) Analyst/Investor Day Transcript Getlink March traffic: Passenger vehicles +8% Y/Y; truck freight -1% Historical earnings data for ...
Getlink SE press release ( GRPTF ): Q1 Revenue of € 371M. Market share at 35.8% (vs 36.4% in Q1 2025) in a cross-Channel market characterised by overcapacity and intense competition. More on Getlink Getlink SE (GRPTY) Analyst/Investor Day - Slideshow Getlink SE (GRPTY) Analyst/Investor Day Transcript Getlink March traffic: Passenger vehicles +8% Y/Y; truck freight -1% Historical earnings data for Getlink Dividend scorecard for Getlink
GREENBELT, Md.—On Tuesday, NASA invited the press to look at the fully assembled Nancy Grace Roman Space Telescope, which is now ready to join the ranks of the great observatories in orbit, ahead of its September launch. The Roman Space Telescope (NGRST), named after a key figure in the planning of the Hubble Space Telescope, is notably distinct from hardware like the Hubble and Webb, as it's desi...
GREENBELT, Md.—On Tuesday, NASA invited the press to look at the fully assembled Nancy Grace Roman Space Telescope, which is now ready to join the ranks of the great observatories in orbit, ahead of its September launch. The Roman Space Telescope (NGRST), named after a key figure in the planning of the Hubble Space Telescope, is notably distinct from hardware like the Hubble and Webb, as it's designed around a wide-field view and massive imaging system that will allow it to send back 1.4 terabytes of data to Earth every day. It also has an unusual history that began when NASA's planning intersected with surplus spy hardware. In from the cold Many of the gases in our atmosphere absorb infrared wavelengths, contributing to the greenhouse effect that has helped keep the planet habitable for us. But that effect also makes infrared astronomy from Earth extremely difficult. That's unfortunate, as a number of important phenomena, from the earliest galaxies to the features of exoplanet atmospheres, are only detectable at infrared wavelengths. There have been a number of infrared-specific telescopes put into space, notably the Spitzer , one of the original suite of Great Observatories. Read full article Comments
Sundry Photography/iStock Editorial via Getty Images ServiceNow ( NOW ) had tumbled 17% by noon trading on Thursday following first-quarter financial results that featured a 22% year-over-year revenue increase and continued traction with its AI products. An array of other enterprise software stocks drifted downward as well. If the plummet holds, it will likely be ServiceNow's worst single-day stoc...
Sundry Photography/iStock Editorial via Getty Images ServiceNow ( NOW ) had tumbled 17% by noon trading on Thursday following first-quarter financial results that featured a 22% year-over-year revenue increase and continued traction with its AI products. An array of other enterprise software stocks drifted downward as well. If the plummet holds, it will likely be ServiceNow's worst single-day stock decline in history. The sell-off was related to a slightly lower-than-expected gross margin outlook and deals delayed due to conflict in the Middle East. These issues apparently weighed heavily on investor sentiment. The stock has now plunged more than 40% year to date. However, the analysts at Morgan Stanley suggest investors should push through the noise, as ServiceNow is in a strong position to take advantage of the agentic AI era. "Based on commentary from management, CEO Bill McDermott told investors to 'Get ready for major revenue acceleration' on the call, the answer appears to be the second half of FY26, and we see reasons to believe him as the Now Assist product cycle enters its second year, where one would expect a more material pace of adoption, positive channel feedback across both the durability of the core business and ramping demand for newer solutions like Now Assist, AI Control Tower, and Data Fabric, and the company raising its target for Now Assist contribution at year end from $1 billion to $1.5 billion in annual recurring revenue," said Morgan Stanley analysts, led by Keith Weiss, in an investor note. Morgan Stanley retained its Overweight rating but reduced its price target to $180 from $210. "Bottom line, sustaining ~20% top-line growth, at $15+ billion revenue scale with margins expanding, appears well undervalued with shares trading at 20X EV/CY27 FCF adjusted for SBC," Weiss added. A wide array of enterprise software stocks drifted lower on Thursday. The iShares Expanded Tech-Software Sector ETF ( IGV ) had plunged 5.5%. If it holds, it will be i...