(Bloomberg) -- Broadcom Inc.’s promise to backstop the largest portion of a record-setting microchip financing deal for Anthropic is keeping yields for the deal in check, according to people familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Trump to Get Audit Immunity as $1...
(Bloomberg) -- Broadcom Inc.’s promise to backstop the largest portion of a record-setting microchip financing deal for Anthropic is keeping yields for the deal in check, according to people familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Trump to Get Audit Immunity as $1.8 Billion Fund in DoubtAndrew Left Found Guilty in Case That Spooked Short SellersAlphabet to Raise
NRx Pharmaceuticals ( NRXP ) said Tuesday it plans to launch an underwritten public offering of common stock, with the underwriter granted a 30-day option to purchase up to an additional 15% of shares sold. The clinical-stage biopharmaceutical company said it intends to use the proceeds for working capital and general corporate purposes. Terms of the offering were not disclosed. BTIG is acting as ...
NRx Pharmaceuticals ( NRXP ) said Tuesday it plans to launch an underwritten public offering of common stock, with the underwriter granted a 30-day option to purchase up to an additional 15% of shares sold. The clinical-stage biopharmaceutical company said it intends to use the proceeds for working capital and general corporate purposes. Terms of the offering were not disclosed. BTIG is acting as lead bookrunner, with Lucid Capital Markets serving as joint bookrunning manager. More on NRx Pharmaceuticals NRx Pharmaceuticals: 'Sell' On ZYESAMI/NRX-101 Failures & Depression Market Uncertainty NRx Pharmaceuticals, Inc. (NRXP) Q1 2026 Earnings Call Transcript NRx Pharmaceuticals, Inc. (NRXP) Q4 2025 Earnings Call Transcript NRx Pharmaceuticals targets summer 2026 KETAFREE approval as it scales to 1M units per batch Seeking Alpha’s Quant Rating on NRx Pharmaceuticals
S&P 500, Nasdaq, Dow Futures Ease After Another Record Close As AI Momentum Cushions Iran's Expanding Strikes: MRVL, AVGO, MSFT, PANW In Focus Stocktwits
S&P 500, Nasdaq, Dow Futures Ease After Another Record Close As AI Momentum Cushions Iran's Expanding Strikes: MRVL, AVGO, MSFT, PANW In Focus Stocktwits
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter, ahead of what’s expected to be the biggest ever listing. An amended filing for Elon Musk ’s rocket launch, satellite and AI company is expected to disclose the price range and number of the shares it intends to sell, the people said, asking not to be ide...
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter, ahead of what’s expected to be the biggest ever listing. An amended filing for Elon Musk ’s rocket launch, satellite and AI company is expected to disclose the price range and number of the shares it intends to sell, the people said, asking not to be identified as the details aren’t public. Companies can begin formally marketing their IPOs after their filing has been public for 15 days. Setting the terms the night before the briefings begin would give investors more time to assess the valuation, especially given SpaceX is planning a relatively short roadshow with pricing as soon as June 11, Bloomberg News reported. Read More: SpaceX IPO Forces Wall Street to Reorganize Around It Details of the offering including timing could still change, the people said. The Information first reported the plan to release the filing earlier. A spokesperson for SpaceX didn’t immediately respond to a request for comment. The company is seeking to raise as much as $75 billion, people familiar with the matter have said, which would more than double the $29.4 billion raised by record-holder Saudi Aramco in 2019. SpaceX is currently targeting a valuation of at least $1.8 trillion in the IPO, Bloomberg News reported . For the latest news on equity capital markets activity in the US, Canada and Latin America, terminal users can follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . SpaceX’s speedy timeline since it first filed confidentially in March and then publicly last month comes as AI rivals OpenAI and Anthropic PBC are looking to push ahead with their own listings. Alphabet Inc. , which has its own large language models and AI infrastructure businesses, revealed plans for a record $80 billion equity offering late Monday, highlighting the race for capital b...
Arch Capital Group ( ACGL ) announced on Tuesday a $2B public offering of senior notes, including $600M of 5.250% notes due 2036 and $1,400M of 5.950% notes due 2056. The company plans to use part of the proceeds to repay its $500M of 4.011% senior notes due 2026, while the other part will be used for general corporate purposes. Funds will also be used for tender offers on its 2043 notes (5.144% s...
Arch Capital Group ( ACGL ) announced on Tuesday a $2B public offering of senior notes, including $600M of 5.250% notes due 2036 and $1,400M of 5.950% notes due 2056. The company plans to use part of the proceeds to repay its $500M of 4.011% senior notes due 2026, while the other part will be used for general corporate purposes. Funds will also be used for tender offers on its 2043 notes (5.144% senior notes) and 2046 notes (5.031% senior notes) through its subsidiaries. The offering is expected to close on June 9, 2026, while the stock ended the session 1.26% lower at $87.62. Source: Press Release More on Arch Capital Arch Capital Group Ltd. (ACGL) Q1 2026 Earnings Call Transcript Arch Capital: Shrewd Capital Allocation And Underwriting Deliver In Q1 Arch Capital Group Ltd. (ACGL) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript Arch signals ~$250M 2026 net premium headwind as it tightens underwriting in a more competitive market Arch Capital non-GAAP EPS of $2.50 beats by $0.04
Director Mark T Lynch reported the open-market purchase of 10,000 shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) on May 29, 2026, as disclosed in this SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($56.49); post-transaction value based on May 29, 2026, market close ($56.46). * 1-year performance is calculated using June 2, 2026, as the reference date. Co...
Director Mark T Lynch reported the open-market purchase of 10,000 shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) on May 29, 2026, as disclosed in this SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($56.49); post-transaction value based on May 29, 2026, market close ($56.46). * 1-year performance is calculated using June 2, 2026, as the reference date. Continue reading
Opendoor Technologies (NASDAQ:OPEN) , a digital home-selling platform, closed Tuesday at $5.41, up 1.88%. The stock moved higher as investors responded to news about its upcoming inclusion in the Russell 3000 index and are watching how index-driven inflows offset housing-market headwinds and ongoing losses. The company’s trading volume reached 56.4 million shares, which is about 51% above compared...
Opendoor Technologies (NASDAQ:OPEN) , a digital home-selling platform, closed Tuesday at $5.41, up 1.88%. The stock moved higher as investors responded to news about its upcoming inclusion in the Russell 3000 index and are watching how index-driven inflows offset housing-market headwinds and ongoing losses. The company’s trading volume reached 56.4 million shares, which is about 51% above compared with its three-month average of 37.4 million shares. The S&P 500 (SNPINDEX:^GSPC) inched up 0.13% to 7,609.78, while the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.03% to finish at 27,094. Within real estate services, industry peers Zillow Group (NASDAQ:Z) closed at $36.37 (up 0.33%) and Offerpad Solutions (NYSE:OPAD) ended at $0.82 (down 1.20%), highlighting mixed sentiment across housing-related platforms. Continue reading
Earnings Call Insights: PetMed Express (PETS) Q4 fiscal 2026 Management View "Fiscal year 2026 was a pivotal year for PetMed Express, during which we made significant financial, operational and cultural improvements that are aimed to put the company back on track for sustainable long-term results." (Executive Chairman of the Board, Interim CEO & President Leslie C. Campbell) "Our net sales for the...
Earnings Call Insights: PetMed Express (PETS) Q4 fiscal 2026 Management View "Fiscal year 2026 was a pivotal year for PetMed Express, during which we made significant financial, operational and cultural improvements that are aimed to put the company back on track for sustainable long-term results." (Executive Chairman of the Board, Interim CEO & President Leslie C. Campbell) "Our net sales for the full fiscal year 2026 were down 21.1%, but we saw a slowing of year-over-year revenue decline in Q3 and again in Q4, with Q4 being down 15.6% compared to the prior year or 17.8% adjusted for the settlement of our New York State sales tax liability." (Interim CEO Campbell) "We also incurred nonrecurring legal, professional and executive severance costs totaling $4.5 million in fiscal year 2026 related to the whistleblower investigation previously disclosed in our fiscal year 2025 Form 10-K filed in October." (Interim CEO Campbell) "We made meaningful progress on cost reduction efforts including exiting underperforming vendor relationships over the second half of the year that will yield approximately $6.1 million in annualized savings." (Interim CEO Campbell) "We completed several important technology and infrastructure initiatives, including the successful implementation of a new ERP system, a new fraud prevention system and a new call center technology, which serves as the backbone of our phone system." (Interim CEO Campbell) "We intend to do this in part through improved customer retention... and also by expanding our market footprint through B2B relationships, utilizing our membership programs as well as our white label pharmacy fulfillment services like our recently announced Master Services Agreement with Rural King." (Interim CEO Campbell) "In December 2025, the company received 2 unsolicited publicly disclosed nonbinding preliminary proposals to acquire all of the outstanding common stock of the company at prices ranging from $4 to $4.25 per share." (Interim CEO Cam...