(RTTNews) - Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%.
(RTTNews) - Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%.
nycshooter Uber Technologies ( UBER ) is pushing back on a recently enacted New York City law that it argues would weaken safeguards for rider safety, limit its ability to remove high-risk drivers, and restrict the company’s business judgment pertaining to qualified drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from ...
nycshooter Uber Technologies ( UBER ) is pushing back on a recently enacted New York City law that it argues would weaken safeguards for rider safety, limit its ability to remove high-risk drivers, and restrict the company’s business judgment pertaining to qualified drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from deactivating or dismissing drivers without “just cause” (fraud, egregious misconduct, harassment) or a “bona fide economic reason.” However, in its lawsuit, Uber ( UBER ) says each driver agrees to the Platform Access Agreement, which delineates either party’s rights to terminate the employment agreement. The PAA “explicitly” incorporates Uber’s standards and policies and states that a violation of the agreement can lead to deactivation. “The following provisions of [Local Law 52] would force Uber to keep drivers on its platform even if Uber has determined that they have violated its standards, agreements, and policies, and to provide them with specific information that Uber is not contractually required to provide.” Furthermore, Uber ( UBER ) argues that a consequence of [Local Law 52] “would require Uber to connect riders with drivers even if Uber believes in good faith that those drivers pose a risk to rider or public safety, or have engaged in fraudulent activity.” By impeding Uber’s ( UBER ) ability to exercise its business judgment, Local Law 52 “unconstitutionally interferes with Uber’s contractual agreements and violates Uber’s rights guaranteed by the United States Constitution.” Local Law 52 takes effect July 28. Uber ( UBER ) is seeking a permanent injunction plus costs. Related tickers: Lyft ( LYFT ), DoorDash ( DASH ) More on Uber Uber Technologies, Inc. (UBER) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Uber: Scaling For Profitability And Consolidation In Deliveries Uber Technologies: The Orchestrator Of The Autonomous Revolutio...
RHJ/iStock via Getty Images Energy Fuels ( UUUU ) is somewhat outside of my coverage area, as I’ve focused much more on precious metals, oil and gas, and similar natural resources in my career. But I also like the upside in uranium, and in particular, the leverage you get with owning a uranium stock like Energy Fuels. Data by YCharts What’s more: A rare pullback has occurred, with the stock down a...
RHJ/iStock via Getty Images Energy Fuels ( UUUU ) is somewhat outside of my coverage area, as I’ve focused much more on precious metals, oil and gas, and similar natural resources in my career. But I also like the upside in uranium, and in particular, the leverage you get with owning a uranium stock like Energy Fuels. Data by YCharts What’s more: A rare pullback has occurred, with the stock down about 36% over the past month. At first glance, this looks like a super-expensive stock: 2027 earnings per share estimates are $.10, which gives it a forward P/E of 156. But I think you’d be wrong to judge the company by this year’s forward earnings estimates. The future beyond 2027 is very bright for Energy Fuels - for example, the two analysts who carry their models all the way to 2029 see average earnings closer to $0.90 per share, and at that level, the same stock changes hands for about 17 times earnings. Seeking Alpha Should investors be willing to pay up for this future growth that’s a few years away? First, consider that there are really two businesses within Energy Fuels. Uranium is the first and obvious one - it’s the largest domestic producer of yellowcake in the U.S., built on the high-grade Pinyon Plain mine in Arizona and the White Mesa Mill in Utah, the only operating conventional uranium mill left in the country. Then you have the second part of the equation: rare earths. That same mill is being rebuilt to separate the oxides neodymium, praseodymium, dysprosium and terbium, which today come almost entirely from China. That’s why I think shares are worth a speculative buy, as I argue below. The uranium business is finally working Trading Economics Pinyon Plain has production costs in the range of $23-30/lb of uranium, so when you have a spot uranium price of $85/lb, you’re doing pretty well, and you don’t need to produce a ton of uranium to make good profit. Management has guided for about 2 million pounds of production this year. The macro & geopolitical pict...
Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7). The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the te...
Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7). The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25. Internals were impressive: indirects surged to 78.21% from 63.95%, which was one of the 5 highest on record; the last time we saw such feverish foreign demand was in Sept 25. And with Directs sliding to just 9.5%, the lowest since January, Dealers were left with 12.32%, far below the 21.39 recent average. Overall, this was a stellar 10Y auction, a big improvement to yesterday's 3Y (which wasn't bad), and a sign from the bond market at least that today's CPI was nothing to be concerned about. Tyler Durden Wed, 06/10/2026 - 13:32
Enterprise AI teams face a dilemma: The best models today might not be the best models a year from now. MassMutual's answer is to stop making long-term bets — and build infrastructure that can swap models as the market shifts. “The world of AI today is extremely dynamic,” Sears Merritt, MassMutual CIO, explained in a new VB Beyond the Pilot podcast . “We wanted to make sure we were positioned to r...
Enterprise AI teams face a dilemma: The best models today might not be the best models a year from now. MassMutual's answer is to stop making long-term bets — and build infrastructure that can swap models as the market shifts. “The world of AI today is extremely dynamic,” Sears Merritt, MassMutual CIO, explained in a new VB Beyond the Pilot podcast . “We wanted to make sure we were positioned to ride that wave of dynamism.” The strategy appears to be paying off in a big way. MassMutual has measured a roughly 30% increase in developer productivity, while AI-powered contact center workflows have reduced resolution times from 10 minutes to one and cut costs from dollars to cents. But the broader lesson for IT leaders may be less about the results and more about how the company is thoughtfully building its AI infrastructure and keeping users at the center. Maintaining optionality for the possibilities of tomorrow MassMutual works with vendors at the leading edge, but keeps those relationships on a clock. “Those relationships are capped so that we maintain optionality for best-of-breed tools as things mature in this space, and at some point, settle down and stabilize,” Merritt said. That philosophy extends to open-source models. Merritt says his team is “100%” looking at open-source tools, and sees the technology playing a big role in how MassMutual (and similar companies) use AI. “We're certainly going to need frontier models and leading edge capabilities to do what today is impossible, and tomorrow will be possible,” he said. Measuring outcomes from the start MassMutual's AI efforts fall into two broad categories. The first focuses on enablement: Putting productivity-enhancing tools such as Copilot and virtual assistants into the hands of all employees. The second involves what Merritt describes as “deepen and focus” initiatives, where teams target a specific workflow or business process that will have a strong impact on advisors, policyholders, or employees. Rather th...
On Tuesday, NASA announced the crew for the Artemis III mission , which is scheduled to be flown no earlier than summer 2027. As part of the announcement, space agency officials also discussed plans for the crew to dock with both a Blue Origin lander and a SpaceX Starship lander during the spaceflight in low-Earth orbit. The presentation, although informative, still left open key questions about t...
On Tuesday, NASA announced the crew for the Artemis III mission , which is scheduled to be flown no earlier than summer 2027. As part of the announcement, space agency officials also discussed plans for the crew to dock with both a Blue Origin lander and a SpaceX Starship lander during the spaceflight in low-Earth orbit. The presentation, although informative, still left open key questions about the landers' readiness and what exactly they'll look like. After the crew announcement, Ars sat down with Jeremy Parsons, NASA's Artemis program manager, to answer some of these questions. This interview, conducted at NASA's Johnson Space Center, has been lightly edited for clarity. Read full article Comments
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s enthusiasm for SpaceX as the company’s IPO approaches. Plus, Google backstops Anthropic data centers as Silicon Valley races to build AI infrastructure with ever more intertwined deals. And, a new dashboard shows the real-time impact of AI on the labor market. (Source: Bloomberg)
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s enthusiasm for SpaceX as the company’s IPO approaches. Plus, Google backstops Anthropic data centers as Silicon Valley races to build AI infrastructure with ever more intertwined deals. And, a new dashboard shows the real-time impact of AI on the labor market. (Source: Bloomberg)
Twelve, a next-gen industrial company on a mission to electrify fuel and chemical production, today opened AirPlant One, the first commercial-scale facility in the United States to produce E-Jet fuel – a power-to-liquid (PtL), drop-in sustainable aviation fuel (SAF) made from CO2 and renewable electricity – and E-Naphtha™, a foundational building block for thousands of everyday products. The ribbo...
Twelve, a next-gen industrial company on a mission to electrify fuel and chemical production, today opened AirPlant One, the first commercial-scale facility in the United States to produce E-Jet fuel – a power-to-liquid (PtL), drop-in sustainable aviation fuel (SAF) made from CO2 and renewable electricity – and E-Naphtha™, a foundational building block for thousands of everyday products. The ribbon cutting, held at the Moses Lake, Washington facility with Alaska Airlines and Microsoft, marks the
Violence on the streets of Northern Ireland is the real-world expression of a sinister mechanism that goes unchecked online Masked men who drive terrorised families out of their homes cannot be called protesters, since the word implies legitimate grievance. The outbreak of racist violence in Northern Ireland this week is connected to the politics of migration, but not in the way that the mob and t...
Violence on the streets of Northern Ireland is the real-world expression of a sinister mechanism that goes unchecked online Masked men who drive terrorised families out of their homes cannot be called protesters, since the word implies legitimate grievance. The outbreak of racist violence in Northern Ireland this week is connected to the politics of migration, but not in the way that the mob and those who incited it claim. The ostensible trigger was a brutal assault, partially captured on video. A man of Sudanese origin has been charged with attempted murder. The footage was widely shared online. The attack was depicted as part of a wider threat to white Britons by foreign “invaders”. Far-right agitators summoned vengeful crowds. Stephen Yaxley-Lennon, the activist who campaigns as Tommy Robinson, was instrumental in this process. So was Elon Musk, the billionaire owner of X, whose platform helped mobilise racist fury . Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
New mathematical research from a government researcher out this week shows that no artificial intelligence can avoid breaking its own rules. One of its conclusions is that “there will always be a way to prompt an AI system to disregard its rules — it’s just a matter of finding it,” according to the National Institute of Standards and Technology, whose senior scientist Apostol Vassilev conducted th...
New mathematical research from a government researcher out this week shows that no artificial intelligence can avoid breaking its own rules. One of its conclusions is that “there will always be a way to prompt an AI system to disregard its rules — it’s just a matter of finding it,” according to the National Institute of Standards and Technology, whose senior scientist Apostol Vassilev conducted the research. It’s a finding that could serve as a flashing warning sign as the Trump administration says it will accelerate the use of AI across “intelligence and warfighting domains in line with American values.” The administration’s commitment is contained in a new national security presidential memorandum devoted to slashing bureaucracy and speeding up AI adoption for defense and intelligence. It also includes an aspiration that users should assure such technologies are “reliable, robust, steerable and controllable” and operate “in accordance with applicable laws, government policies, and guidance.” Among the more forward-leaning aims is that it requires, in the next 90 days, the Department of Defense to update its policy on autonomy in weapons systems to ensure the adoption of AI systems that respect the chain of command and operations authorities. At the moment, that policy requires autonomous and semi-autonomous weapons systems to undergo reviews to ensure they are designed to allow commanders and operators to exercise “appropriate levels of human judgment over the use of force.” That stops far short of aims from campaigners who seek a stronger safeguard of “meaningful human control.” Hamza Chaudhry, AI and national security lead at the Future of Life Institute, a group that emphasizes the risks of military AI, warned against any further potential dilution of the role of human judgment in any decision to apply lethal force. “What we genuinely need is a democratic discussion,” he said. “Congress needs to step in and set the rules of the road as autonomy in warfare evolv...
fadfebrian Parabilis Medicines ( PBLS ) climbed more than 45% in its first trading session on Wednesday after the cancer drug developer backed by a recent research deal with Regeneron ( REGN ) made its public debut following a record-setting IPO among biotechs. The company priced the upsized offering of roughly 33.3M shares at $30 each late Tuesday, valuing it at $2.4B and expecting $670M in gross...
fadfebrian Parabilis Medicines ( PBLS ) climbed more than 45% in its first trading session on Wednesday after the cancer drug developer backed by a recent research deal with Regeneron ( REGN ) made its public debut following a record-setting IPO among biotechs. The company priced the upsized offering of roughly 33.3M shares at $30 each late Tuesday, valuing it at $2.4B and expecting $670M in gross proceeds, excluding roughly $75M sought from a concurrent private placement to Regeneron ( REGN ). The offering surpassed Moderna’s ( MRNA ) then-record $604M IPO haul in 2018 and $625M generated by obesity drug developer Kailera Therapeutics ( KLRA ) from its market debut in April. Shares of the Cambridge, Massachusetts-based company opened at $33.35 at about 12:40 pm ET, indicating roughly a 67% gain from the IPO price before reaching $28.81 at about 1:00 pm ET, implying nearly a 44% rise. Founded in July 2015 as FOG Pharmaceuticals, Parabilis ( PBLS ) is a clinical-stage developer of a peptide-based treatment class called "Helicons.” Its Helicon drug discovery platform is based on technology licensed from serial biotech entrepreneur Gregory Verdine, whose early research paved the way for Revolution Medicines’ ( RVMD ) breakthrough pancreatic cancer therapy, daraxonrasib. More on Regeneron Pharmaceuticals, Parabilis Medicines, Inc. Regeneron Pharmaceuticals, Inc. (REGN) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript Regeneron: 'Buy' Revenue Growth And Two Extensive Drug Development Opportunities Parabilis Medicines Starts IPO On Promising Cancer Therapy Trials Parabilis Medicines prices upsized IPO at $20 per share Parabilis upsizes IPO seeking to raise more than $600M
tadamichi Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says the market’s ability to absorb a wave of equity and debt offerings signals underlying financial health, despite the rapid pace of new deals hitting investors. Wilson expressed confidence that there is sufficient capital in the market to handle the recent surge in IPO activity, characterizing the current environment as “anot...
tadamichi Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says the market’s ability to absorb a wave of equity and debt offerings signals underlying financial health, despite the rapid pace of new deals hitting investors. Wilson expressed confidence that there is sufficient capital in the market to handle the recent surge in IPO activity, characterizing the current environment as “another kind of bonanza year” that, while not matching the 2021 peak, demonstrates robust investor appetite. In an interview with Bloomberg TV, Wilson pointed to a striking liquidity statistic to explain market resilience. “Companies distribute income whether through buybacks or dividends, and they do about $1.7T a year,” he noted, adding that continuous inflows from retail investors, pensioners, and other asset owners further support market depth. Wilson acknowledged that clustering multiple deals in a single quarter can create temporary “digestion problems” for the market. However, he maintained that “there’s plenty of liquidity out there” to manage these short-term disruptions, with the substantial capital returning to shareholders providing a buffer for new offerings. The strategist identified a broader trend reshaping investor behavior: a “tectonic shift” away from the traditional 60/40 portfolio allocation between stocks and bonds. With the bond market enduring a four-year bear market, Wilson said investors are reallocating toward asset classes that offer better inflation protection. “The average asset owner is pretty smart. They figured out that the biggest risk going forward is inflation,” Wilson explained. He noted that maturing bond proceeds are increasingly flowing into equities ( SP500 ), ( COMP:IND ), ( DJI ), gold ( XAUUSD:CUR ), silver ( XAGUSD:CUR ), and other real assets rather than back into fixed income. This shift toward inflation-protected assets is driving the market’s capacity to absorb new offerings, according to Wilson. Investors are moving toward alloc...
Institutional investors have piled into long-dated (almost 6-month out) Microsoft call options at a 44% higher call strike price. That indicates they are extremely bullish on MSFT stock. Price targets are higher.
Institutional investors have piled into long-dated (almost 6-month out) Microsoft call options at a 44% higher call strike price. That indicates they are extremely bullish on MSFT stock. Price targets are higher.
First-quarter earnings season is now in the rearview mirror, and with the second quarter entering its final stretch, investors are beginning to focus on what comes next. One theme, however, continues to dominate the market narrative: AI.Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for ...
First-quarter earnings season is now in the rearview mirror, and with the second quarter entering its final stretch, investors are beginning to focus on what comes next. One theme, however, continues to dominate the market narrative: AI.Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows. AI has already been a
Brent crude oil hit a multi-year high of $119.50 per barrel in March, following the initial outbreak of the Iran war. The conflict disrupted shipments through the Strait of Hormuz, which accounts for roughly a quarter of the world's maritime oil trade, and boosted many oil stocks . But as of this writing, Brent crude trades at about $87 per barrel. The situation in the Middle East remains volatile...
Brent crude oil hit a multi-year high of $119.50 per barrel in March, following the initial outbreak of the Iran war. The conflict disrupted shipments through the Strait of Hormuz, which accounts for roughly a quarter of the world's maritime oil trade, and boosted many oil stocks . But as of this writing, Brent crude trades at about $87 per barrel. The situation in the Middle East remains volatile, but intermittent peace talks, ceasefires, and discussions to fully reopen the Strait of Hormuz have all brought oil back down from its recent peak. Image source: Getty Images. Continue reading