Justin Sullivan/Getty Images News In my last article on Adobe Inc. ( ADBE ), my rating was a Buy. It has been almost a year, and during this period the stock has fallen 34%. I think it is fair to say that I was partially wrong, or at least that it was an analysis that was “too early,” I do not think I was completely wrong, precisely because the tone of the article was quite cautious, mentioning that I did not believe a high re-rating was very likely, and that AI could indeed be a long-term risk to Adobe's thesis. If that decline was not enough, ADBE stock is down 6% in the after-hours, and in my view, that makes the Adobe case even more asymmetric. Adobe's Q2 Earnings: Quietly strong Looking purely at the financials, Adobe's results were excellent. A beat on the main estimates and also a raise in guidance. Both revenue and adj. EPS for the quarter were a beat of ~2.5%. As for FY 2026, after the guidance raise, revenue is 2% above what the market was expecting, and EPS is 3.8% above consensus, using the high end of guidance . Seeking Alpha In other words, the financials were quite solid, and show that at least so far, Adobe is managing to deliver compounding in the top line. Note below that quarter after quarter Adobe continued delivering revenue growth, and more importantly, is maintaining annual recurring revenue growth close to low double digits. Adobe Data Sheet That alone might be enough to remove part of the market's perception that Adobe is a dying company. After all, what dying company can maintain so many consecutive quarters of ARR growth at this pace and still accelerate, delivering 12.5% in Q2? But unfortunately, reality is not that simple. Part of the Q2 ARR was inflated by the Semrush acquisition, which added $480 million. If we remove this effect, ARR growth goes from ~12.5% to something closer to 10%. Even more important than that are the expectations. Adobe mentioned that it is adopting a new strategy, sacrificing ARR to increase the number of monthl...

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Does Apple Stock Have More Upside? Trefis

Two pupils and a teacher were injured in the attack, which counter-terror police are investigating.

随着国内多个太空算力行业组织与机构成立、算力星座规划陆续出炉，太空算力正从理论畅想、资本市场的热门概念，走向实际的产业布局。记者采访了解到，AI潜在的算力缺口、商业航天的发展以及全球新的竞争格局催生太空算力需求，促使各类主体积极布局。作为一项“超级系统工程”，太空算力涉及链条长、覆盖领域多，目前尚有诸多攻坚难点，标准体系亦不健全。不过，专家认为，较之技术，如何实现商业闭环才是太空算力发展的最大挑战，技术攻关与场景商业化拓展将共同决定其规模化落地节奏。（上证报）

在AI算力需求爆发性增长驱动下，PCB（印制电路板）产业正迎来一轮扩产潮。据不完全统计，截至6月11日，年内已有13家PCB制造企业宣布扩产，投资金额超600亿元（含意向）。近日，记者采访多家产业链上市公司高管发现，本轮扩产并非简单的规模扩张，而更像是一场围绕高端产能及全球市场份额展开的卡位战。（上证报）

6月10日，金融监管总局批复显示，云南罗平、师宗、陆良3家兴福系村镇银行因被曲靖沾益兴福村镇银行吸收合并而解散。同日，浙江地区也有两家村镇银行获批解散。今年以来，已有超百家村镇银行获批退出市场。业内人士认为，减量只是表象，真正的核心是提质。今年以来，各地有序推进地方中小金融机构改革化险工作，按照市场化、法治化原则，综合运用兼并重组、市场退出等多种方式稳妥处置中小银行风险。（中证报）

MicroStockHub/iStock via Getty Images Investment Thesis This is my first time providing coverage of Monte Rosa Therapeutics, Inc. ( GLUE ), a Boston based biotech specializing in the development of a class of drugs known as molecular glue degraders ("MGDs"). As the company puts it in its Q1 2026 quarterly report / 10-Q filing : MGDs are small molecule drugs that employ the body’s natural protein destruction mechanisms to selectively degrade therapeutically-relevant proteins. MGDs work by inducing the engagement of defined surfaces identified on target proteins by an E3 ligase, such as cereblon. We have developed a proprietary and industry-leading protein degradation discovery engine, called QuEENTM to enable our unique, and target-centric, MGD discovery and development and our rational design of MGD products. Protein degrader technology is being been developed by the likes of Kymera Therapeutics ( KYMR ), Arvinas ( ARVN ), and C4 Therapeutics ( CCCC ) and others, alongside several large Pharma companies, although only a handful of drugs with this mechanism of action ("MoA") have been approved to date. It is now recognized that lenalidomide and pomalidomide, marketed and sold as Revlimid and Pomalyst by Bristol-Myers Squibb Company ( BMY ) and indicated for multiple myeloma, are types of protein degrader drugs, as is the selective estrogen receptor degrader elacestrant, approved last January to treat breast cancer as Orserdu, and marketed and sold by Italian drugmaker Menarini, fulvestrant, another breast cancer drug marketed and sold by AstraZeneca ( AZN ) under the brand name Faslodex, and most recently Inluriyo (imlunestrant), developed by Eli Lilly ( LLY ), and also indicated for breast cancer. Monte Rosa completed its initial public offering ("IPO") in June 2021, raising ~$222m at $19 per share. At the time of writing, its stock trades at $16.8 per share, and its market cap valuation is $1.42bn. Stock is in fact up >220% on a 1-year basis. Its pipeline is illust...

近日，全国首单储能机构间REIT“财通资管-阿特斯持有型不动产资产支持专项计划（碳中和）”（以下简称“阿特斯机构间REIT”）在上海证券交易所举行挂牌仪式。中国证券报记者梳理发现，除此之外，近期还有不少机构间REITs迎来新进展。有业内人士指出，机构间REITs已由创新试点进入加速扩容阶段，资产类型、发行主体和投资人结构持续丰富，二级成交活跃度结构性改善。预计2026年机构间REITs累计发行规模有望突破千亿，与公募REITs共同支撑起多层次REITs市场发行规模。随着同类项目增多，投资框架可由个案判断转向同类比较，建议关注高胜率、高赔率及高效率三类项目。（中证报）

Micron (MU) director Alexis Bjorlin reports 260 shares held via family trust Stock Titan

S&P 500, Nasdaq, Dow End Higher After Trump Signals Iran Deal Coming Soon — ADBE, INTC, AMC, GOOGL, ORCL In Focus TradingView

President Donald Trump called off the strikes on Iran on Thursday and said the U.S. is going to sign a deal with Tehran soon.

S&P 500, Nasdaq, Dow End Higher After Trump Signals Iran Deal Coming Soon — ADBE, INTC, AMC, GOOGL, ORCL In Focus Stocktwits

A continuing rout of certain segments of the tech sector put some hurt on Microsoft (NASDAQ: MSFT) stock on Thursday. Investors also digested a media report about a long-standing unit of the company reducing its workforce. By the end of the trading day, its equity had shed nearly 2% of its value. Much of the downbeat sentiment in the sector stemmed from Oracle 's latest earnings report , released after the market close on Wednesday. At first glance, it was encouraging, with double-digit sales growth and top- and bottom-line beats. Image source: Getty Images. Continue reading

Microsoft (NASDAQ:MSFT), a leading software and cloud platform provider, closed Thursday’s session at $390.34, down 1.77%. The stock moved lower as Xbox restructuring headlines and sector-wide AI spending worries following an Oracle (NYSE:ORCL) cloud miss pressured sentiment, and

[Form 4] QUALCOMM INC/DE Insider Trading Activity Stock Titan

[Form 4] QUALCOMM INC/DE Insider Trading Activity Stock Titan

寧德時代潘健：藉H股溢價助公司發展- 20260612 - 公民 明報教育網

寧德時代潘健：藉H股溢價助公司發展- 20260612 - 公民 明報教育網

Ariana Grande to White House: Don't use my music for 'heinous nonsense' Reuters

The ferocious fire that swept through a Hong Kong housing estate last year, killing 168 people and leaving about 5,000 homeless, raised many questions that need to be answered. Investigations immediately began into what happened at Wang Fuk Court and how the tragedy occurred. An ongoing independent public inquiry has already highlighted numerous areas of concern. Policies and laws are being changed in a bid to ensure lessons are learned and that a similar disaster can never happen...

國際資本慧眼 A股公司赴港上市有溢價 香港文匯網

Welcome to Bloomberg’s California Edition — covering all the events shaping one of the world’s biggest economies and its global influence. This week: A tale of two Tahoes. Sign up here if you’re not already on the list. Almost everyone who grew up in NorCal has fond memories of Lake Tahoe: impossible blue waters, towering pines and endless vacation days. Which is why you may want to pay attention to what’s happening to Incline Village. Just across the border to Nevada, what was once a cheap refuge for airline pilots, then home to ski bums and middle-class vacationers is quickly becoming a billionaires’ playground . Yes, you’d be right to point out that California’s richest have often fled to Lake Tahoe ( remember Mark Zuckerberg wake surfing there? ). However, a proposed state wealth tax, combined with new fortunes minted by SpaceX and soaring AI valuations, is accelerating the migration — particularly to the tax-friendly Nevada side of the alpine lake. The result is a town of fewer than 10,000 residents being transformed into a luxury ZIP code with room for ultrarich tech titans and few others. In Incline Village, a historic property is being turned into a luxe wellness hotel featuring members-only access through underground tunnels and priority entry to “Burning Man Decompression.” The nearby airport has an eight-year waiting list for jet hangars, while the local private school is near capacity, and homes by the lake are selling at record prices — with a $125 million recent purchase ranking among the most expensive in the nation. Here’s Eliyahu Kamisher breaking down how an exodus of California wealth is leading to a tale of two Tahoes . And a handy map on the who’s who of the billionaires with homes at the Nevada side of the lake. Up Front Ultrawealthy Californians are not the only ones pushing back against new taxes . Voters in San Francisco rejected Proposition D, also known as the Overpaid CEO Act, a ballot measure that would have increased taxes on large busi...

SlavkoSereda/iStock via Getty Images CME Group ( CME ) said post-market Thursday it plans to expand 24/7 trading to new, smaller-sized crude oil and gold contracts, pending regulatory review. CME ( CME ) said the new 10-Barrel WTI Crude Oil contract will be one-tenth the size of its existing Micro WTI futures and will launch on August 30, and 24/7 trading for the company's existing 1-Ounce Gold futures would begin on July 26. The new offerings aim to allow traders to manage their trading exposure whenever news breaks, the company said. "Traders are increasingly looking to diversify their portfolios across commodity markets in the face of geopolitical uncertainty," CME Group ( CME ) Senior Managing Director and Global Head of Commodities Markets Derek Sammann said. More on CME Group CME Group Presents at Piper Sandler Global Exchange and Fintech Conference Transcript CME Group Q1 Earnings Show Strength, But The Stock Still Looks Expensive As Chicago Thaws In Spring, CME Group Remains A Hot Dividend Idea

格隆汇6月12日｜今日海清智元(1392.HK)、SENASIC(6675.HK)申购，无新股上市。