Artit_Wongpradu/iStock via Getty Images Origin Materials ( ORGN ) said post-market Wednesday it will voluntarily delist the company's shares from Nasdaq and deregister with the Securities and Exchange Commission. The delisting of Origin's ( ORGN ) common stock from Nasdaq is expected to become effective on July 2, Nasdaq is expected to file to delist the company's warrants in connection with their...
Artit_Wongpradu/iStock via Getty Images Origin Materials ( ORGN ) said post-market Wednesday it will voluntarily delist the company's shares from Nasdaq and deregister with the Securities and Exchange Commission. The delisting of Origin's ( ORGN ) common stock from Nasdaq is expected to become effective on July 2, Nasdaq is expected to file to delist the company's warrants in connection with their expiration on June 24, and the company intends to file a Form 15 with the SEC by July 10 to terminate the registration of its common stock with the SEC. "While we are in compliance with applicable Nasdaq listing requirements, our board determined that it is consistent with our prior stated intention to maximize shareholder value, which includes the sale of our technology and associated assets, to voluntarily delist our common stock now given the potential to eliminate significant legal, audit, and other costs associated with being a public company," interim CEO Matt Plavan said. Origin ( ORGN ) said last month that it planned to sell its PET cap technology and other remaining assets amid an orderly wind down of operations. More on Origin Materials Financial information for Origin Materials
watch now VIDEO 10:21 10:21 USDA Secretary Brooke Rollins on screwworms: We'll be able to beat this back Squawk Box Agriculture Secretary Brooke Rollins told CNBC on Monday that the new world screwworm is a "little pest." In the past, she called the parasite "terrifying." The discrepancy in messaging before and after the flesh-eating pest was detected in the U.S. offers a window into how Rollins i...
watch now VIDEO 10:21 10:21 USDA Secretary Brooke Rollins on screwworms: We'll be able to beat this back Squawk Box Agriculture Secretary Brooke Rollins told CNBC on Monday that the new world screwworm is a "little pest." In the past, she called the parasite "terrifying." The discrepancy in messaging before and after the flesh-eating pest was detected in the U.S. offers a window into how Rollins is managing the screwworm threat now that it has reached inside the border. And it shows how the administration is racing to alleviate fears that the parasite could further raise the price of beef amid rising inflation . Since screwworm was detected in Texas last week, Rollins has hit the airwaves to reassure the U.S. public that the U.S. Department of Agriculture is ahead of the infestation and that it does not pose a risk to the food system. She has also heaped blame on the Biden administration for the spread, arguing that lax immigration enforcement of the southern border helped the parasite move forward. "The food supply is not at risk. This is not a virus, it's not a disease, it's just a little pest, a larvae that lands in a calf's wound, for example, and it can be treated," she said on CNBC Monday . "Under the last administration with the massive movement under the open borders policy, the cartels etc., border security, that's when it began to make its way back up toward America." Last September, however, Rollins was more forthcoming about the threat posed by the screwworm in an appearance on Fox News . She was discussing screwworm as it spread north towards the U.S. from Central America. "At a time when our beef supply is at its lowest already in 75 years ... it is really terrifying, prices are very high for that reason, it could take us into even another phase of real compromise of getting good beef at a good price for Americans," she said. "We've got a plan, we're on it." U.S. Department of Agriculture (USDA) Secretary Brooke Rollins testifies before a Senate Agricu...
Blackline Safety press release ( BLN:CA ): Q2 Non-GAAP EPS of $0.03. Revenue of C$44.3M. More on Blackline Safety Historical earnings data for Blackline Safety Financial information for Blackline Safety
Blackline Safety press release ( BLN:CA ): Q2 Non-GAAP EPS of $0.03. Revenue of C$44.3M. More on Blackline Safety Historical earnings data for Blackline Safety Financial information for Blackline Safety
Qwen launched its Qwen Gaokao Application Expert on June 10. Photo: Qwen Chinese tech giants including Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Baidu Inc. are rolling out artificial intelligence agents to help millions of high school graduates apply for universities, turning the annual national college entrance exam into a major battleground for consumer AI dominance. The push to cap...
Qwen launched its Qwen Gaokao Application Expert on June 10. Photo: Qwen Chinese tech giants including Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Baidu Inc. are rolling out artificial intelligence agents to help millions of high school graduates apply for universities, turning the annual national college entrance exam into a major battleground for consumer AI dominance. The push to capture the 12.9 million students who took this year’s exam, known as the Gaokao, underscores the fierce competition among Chinese internet firms to acquire users and embed their large language models into everyday services following expensive marketing wars earlier this year.
The business combination of VERAXA Biotech and Voyager Acquisition Corp. was closed successfully and NASDAQ trading of $VRXA commences on June 11, 2026.
The business combination of VERAXA Biotech and Voyager Acquisition Corp. was closed successfully and NASDAQ trading of $VRXA commences on June 11, 2026.
Enterprise software giant Oracle (NYSE:ORCL) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 20.6% year on year to $19.18 billion. The company expects next quarter’s revenue to be around $19.11 billion, close to analysts’ estimates. Its non-GAAP profit of $2.11 per share was 7.5% above analysts’ consensus estimates.
Enterprise software giant Oracle (NYSE:ORCL) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 20.6% year on year to $19.18 billion. The company expects next quarter’s revenue to be around $19.11 billion, close to analysts’ estimates. Its non-GAAP profit of $2.11 per share was 7.5% above analysts’ consensus estimates.
Bond investors are increasingly scrutinizing financing deals linked to artificial intelligence infrastructure buildouts, according to Citigroup Inc. analysts. Out of the five data center bond sales in the investment-grade market worth more than $50 billion since October, one deal issued by QTS for a facility tied to Microsoft Corp. did not perform in lock step with the corporate bonds of the tech ...
Bond investors are increasingly scrutinizing financing deals linked to artificial intelligence infrastructure buildouts, according to Citigroup Inc. analysts. Out of the five data center bond sales in the investment-grade market worth more than $50 billion since October, one deal issued by QTS for a facility tied to Microsoft Corp. did not perform in lock step with the corporate bonds of the tech giant backing the project, said analysts Daniel Sorid and Mathew Jacob in a note on Wednesday. The reason for the deviation is the debt was non-amortized, Citi said. “This divergence highlights that project-specific factors beyond tenant credit quality” can drive performance as investors’ risk appetite evolves, wrote the analysts. Among the other data center deals are bonds issued by Beignet Investors backed by Meta Platforms Inc. , Hut 8 Corp. bonds indirectly backed by Alphabet Inc. ’s Google, debt for a Michigan project backed by Oracle Corp. , and last week’s sale by a Hut 8 subsidiary that was backed by Nvidia Corp . All these bonds, except for QTS, have tracked the performance of the tech companies that either guaranteed the lease on the projects or were direct tenants, according to Citi. The bonds issued by Beignet, which over time have also moved in line with Meta’s spreads — a measure of perceived credit risk — had rallied sharply after pricing, suggesting investors had to be enticed with juicy returns when the deal was offered to compensate for its complexity. “As the first IG private data center financing of its kind, Beignet likely priced with a premium reflecting the novelty of the structure,” the analysts said. “The absence of a comparable day-one repricing in subsequent deals suggests the market’s understanding of data center project risk has grown.” In the case of QTS, spreads have widened by more than 30 basis points since the deal priced in April, even though Microsoft’s spreads have remained roughly unchanged since then, Citi said.
In trading on Wednesday, shares of Black Stone Minerals LP (Symbol: BSM) crossed above their 200 day moving average of $13.88, changing hands as high as $14.00 per share. Black Stone Minerals LP shares are currently trading up about 1.8% on the day. The chart below shows the o
In trading on Wednesday, shares of Black Stone Minerals LP (Symbol: BSM) crossed above their 200 day moving average of $13.88, changing hands as high as $14.00 per share. Black Stone Minerals LP shares are currently trading up about 1.8% on the day. The chart below shows the o
In trading on Wednesday, shares of Saratoga Investment Corp 6.00% Notes Due 2027 (Symbol: SAT) crossed below their 200 day moving average of $24.87, changing hands as low as $24.70 per share. Saratoga Investment Corp 6.00% Notes Due 2027 shares are currently trading off about 0
In trading on Wednesday, shares of Saratoga Investment Corp 6.00% Notes Due 2027 (Symbol: SAT) crossed below their 200 day moving average of $24.87, changing hands as low as $24.70 per share. Saratoga Investment Corp 6.00% Notes Due 2027 shares are currently trading off about 0
In trading on Wednesday, shares of Wyndham Hotels & Resorts Inc (Symbol: WH) crossed below their 200 day moving average of $79.38, changing hands as low as $76.41 per share. Wyndham Hotels & Resorts Inc shares are currently trading off about 4.6% on the day. The chart
In trading on Wednesday, shares of Wyndham Hotels & Resorts Inc (Symbol: WH) crossed below their 200 day moving average of $79.38, changing hands as low as $76.41 per share. Wyndham Hotels & Resorts Inc shares are currently trading off about 4.6% on the day. The chart
Erica Lau, CEO and Lead Portfolio Manager at North Growth Management, discussed recent corporate earnings and the impact of AI investment on market fundamentals. She noted that the latest quarter showed a remarkable 29% year-over-year earnings growth for S&P 500 companies, significantly surpassing expectations of 13%. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomb...
Erica Lau, CEO and Lead Portfolio Manager at North Growth Management, discussed recent corporate earnings and the impact of AI investment on market fundamentals. She noted that the latest quarter showed a remarkable 29% year-over-year earnings growth for S&P 500 companies, significantly surpassing expectations of 13%. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
In trading on Wednesday, shares of the CVAR ETF (Symbol: CVAR) crossed below their 200 day moving average of $28.59, changing hands as low as $28.52 per share. CVAR shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of CVAR
In trading on Wednesday, shares of the CVAR ETF (Symbol: CVAR) crossed below their 200 day moving average of $28.59, changing hands as low as $28.52 per share. CVAR shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of CVAR
imaginima/E+ via Getty Images SpaceX ( SPCX ) has secured investment-grade credit ratings from Moody's, S&P Global Ratings and Fitch Ratings ahead of its highly anticipated initial public offering, Bloomberg News reported Wednesday, citing people familiar with the matter. The ratings could lower future borrowing costs as the company looks to refinance debt and fund growth. The company is expected ...
imaginima/E+ via Getty Images SpaceX ( SPCX ) has secured investment-grade credit ratings from Moody's, S&P Global Ratings and Fitch Ratings ahead of its highly anticipated initial public offering, Bloomberg News reported Wednesday, citing people familiar with the matter. The ratings could lower future borrowing costs as the company looks to refinance debt and fund growth. The company is expected to price its IPO on Thursday, with trading slated to begin Friday. The offering is projected to raise roughly $75 billion. Investors and credit analysts are already focusing on SpaceX's ( SPCX ) next financing moves. CreditSights said this week it expects the company to tap debt markets soon after the IPO, particularly as it seeks to address a $20 billion bridge loan due in September 2027. The bridge facility represents the majority of SpaceX's $29.1 billion in long-term debt as of March 31, according to its SEC filing. For investors, an investment-grade rating could significantly reduce borrowing costs and expand access to a larger pool of institutional debt investors. The designation may also be viewed as a vote of confidence in SpaceX's ( SPCX ) long-term cash-generation prospects despite continuing losses and a sizable debt burden. SpaceX ( SPCX ) reported a first-quarter net loss of $4.28 billion on revenue of $4.69 billion, compared with a loss of $528 million on revenue of about $4 billion in the year-earlier period. Analysts noted, however, that the company's large contracted revenue base may help offset concerns about profitability. SpaceX has disclosed a cloud-computing agreement with Google valued at about $30 billion through mid-2029, along with an approximately $45 billion agreement with artificial intelligence company Anthropic expected to run over the next three years. CreditSights analyst Davis Hebert said those contracts alone could support a strong credit profile. Another CreditSights analyst, Zachary Griffiths, noted that SpaceX ( SPCX ) doesn’t fit neatl...
Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand. Shares of the company fell 2% in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027. The company reported tot...
Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand. Shares of the company fell 2% in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027. The company reported total revenue of $19.18 billion for the quarter, compared with analysts' average estimate of $19.10 billion, according to data compiled by LSEG.