HJBC/iStock Editorial via Getty Images Sanofi ( SNY ) on Friday announced FDA approval of a subcutaneously delivered version of its multiple myeloma therapy Sarclisa, which is currently available as an intravenous formulation in the U.S. The new formulation, branded as Sarclisa Escena, will therefore be indicated in the U.S. in combination with standard-of-care therapies for all currently approved...
HJBC/iStock Editorial via Getty Images Sanofi ( SNY ) on Friday announced FDA approval of a subcutaneously delivered version of its multiple myeloma therapy Sarclisa, which is currently available as an intravenous formulation in the U.S. The new formulation, branded as Sarclisa Escena, will therefore be indicated in the U.S. in combination with standard-of-care therapies for all currently approved indications of its intravenous version. Sarclisa Escena is available for administration through the CirCLIQ on-body injector developed by Cincinnati-based Enable Injections. With the approval, it becomes the first antitumor agent indicated for use via an on-body injector and manual SC administration, the French drugmaker said. The approval is supported by data from multiple clinical trials, including Sanofi’s ( SNY ) IRAKLIA Phase 3 trial, in which Sarclisa Escena was found to be non-inferior to its intravenous version in terms of safety and efficacy. More on Sanofi, Sanofi Sanofi 'Strong Buy': Continued Dupixent Sales Growth And Sarclisa OBI First Sanofi (SAN:CA) Shareholder/Analyst Call Transcript Sanofi (SAN:CA) Q1 2026 Earnings Call Transcript Sanofi offers to stop disparaging CSL’s flu vaccine after EU probe Sanofi's Nexviazyme hits primary goal in Pompe disease study
jetcityimage SoftBank ( SFTBY ) and PayPay Corp. ( PAYP ) are evaluating purchasing a stake worth several hundred billion yen in 7-11 parent Seven & i Holdings Co. Seven & i ( SVNDY ) may issue new shares to be acquired by Softbank ( SFTBY ) and PayPay ( PAYP ), according to a Bloomberg report on Friday, which cited people familiar with the matter. Sumitomo Mitsui Financial Group's ( SMFG ) credit...
jetcityimage SoftBank ( SFTBY ) and PayPay Corp. ( PAYP ) are evaluating purchasing a stake worth several hundred billion yen in 7-11 parent Seven & i Holdings Co. Seven & i ( SVNDY ) may issue new shares to be acquired by Softbank ( SFTBY ) and PayPay ( PAYP ), according to a Bloomberg report on Friday, which cited people familiar with the matter. Sumitomo Mitsui Financial Group's ( SMFG ) credit card unit is also looking at joining the deal. SoftBank, PayPay, and Sumitomo Mitsui are in talks and trying to come to a deal this summer, according to the report. The talks are in flux, and there's a chance that an agreement won't come to fruition. SoftBank and Sumitomo Mitsui’s card unit declined to comment to Bloomberg. PayPay and Seven & i didn’t immediately comment. More on SoftBank Group Corp. SoftBank Group Corp. (SFTB:CA) Shareholder/Analyst Call - Slideshow SoftBank Group Corp. (SFTB:CA) Shareholder/Analyst Call Transcript SoftBank: Get In Before The OpenAI IPO SoftBank’s LY and Bain Capital lift Kakaku bid to $4.1B SoftBank shares plunge 13% as OpenAI reportedly weighs IPO delay to 2027
Torsten Asmus Long-term U.S. borrowing costs remained near multi-month highs on Friday after a closely watched Treasury auction highlighted persistent investor demands for higher yields. The U.S. government's latest sale of 30-year Treasury bonds cleared at an interest rate of 5.058%, marking the highest auction yield for the benchmark long bond since the period leading up to the Global Financial ...
Torsten Asmus Long-term U.S. borrowing costs remained near multi-month highs on Friday after a closely watched Treasury auction highlighted persistent investor demands for higher yields. The U.S. government's latest sale of 30-year Treasury bonds cleared at an interest rate of 5.058%, marking the highest auction yield for the benchmark long bond since the period leading up to the Global Financial Crisis more than a decade ago. The results reinforced concerns that investors continue to require greater compensation to hold long-dated government debt amid elevated fiscal deficits, inflation uncertainty, and expectations that interest rates could remain higher for longer. In secondary market trading, the 30-year Treasury yield ( US30Y ) hovered around 5.05% on Friday, remaining just below Thursday's intraday peak of 5.09%. That level represented the highest trading yield for the bond since May 22 and underscored the ongoing pressure across the long end of the Treasury curve. Rising long-term yields can have broad implications for financial markets, influencing mortgage rates, corporate borrowing costs, equity valuations, and overall economic activity. Fixed Income ETFs: ( TLT ), ( TLH ), ( IEF ), ( IEI ), ( SHY ), ( SGOV ), ( SCHO ), ( BIL ), ( AGG ), ( BND ), ( VCIT ), ( MUB ), ( MBB ), ( JNK ), ( LQD ), ( HYG ), ( VTIP ), ( TIP ), ( SCHP ), ( STIP ), ( TIPX ), ( SPIP ), ( WIP ), ( GTIP ), ( LQDI ), and ( RINF ). More on markets Dividend Roundup: Costco, Phillips 66, Abbot Labs, AbbVie, and more Diversification wins: 25/25/25/25 portfolio posts best year since 2021 25 stocks up over 25% in 2026 that all analysts agree are Buys Slower AI payoff poses broad risks for markets and the economy, Apollo warns 20 dividend stocks outperforming the S&P 500 as markets turn defensive
Mar Vista Investment Partners, LLC, an investment management company, released its “Mar Vista U.S. Quality Strategy” second-quarter 2026 investor letter. You can download a copy here. In Q2 2026, the Strategy achieved a net return of +12.71%, trailing the Russell 1000® and S&P 500® indices, which returned +15.14% and +15.20%, respectively. Stock picks in industrials and […]
Mar Vista Investment Partners, LLC, an investment management company, released its “Mar Vista U.S. Quality Strategy” second-quarter 2026 investor letter. You can download a copy here. In Q2 2026, the Strategy achieved a net return of +12.71%, trailing the Russell 1000® and S&P 500® indices, which returned +15.14% and +15.20%, respectively. Stock picks in industrials and […]
Circle 公司宣布，美国货币监理署（OCC）于周五批准其设立信托银行，受此消息提振，这家稳定币发行商股价大幅走高。 此次获批后，Circle可直接为旗下受监管稳定币管理储备资产，其核心产品USDC流通规模已超730亿美元。这家新银行将命名为Circle国民信托银行。在此之前，Circle必须依靠第三方银行与托管机构，存放支撑USDC发行的现金与美债资产。 这份牌照并不允许Circle开展吸收存...
Circle 公司宣布，美国货币监理署（OCC）于周五批准其设立信托银行，受此消息提振，这家稳定币发行商股价大幅走高。 此次获批后，Circle可直接为旗下受监管稳定币管理储备资产，其核心产品USDC流通规模已超730亿美元。这家新银行将命名为Circle国民信托银行。在此之前，Circle必须依靠第三方银行与托管机构，存放支撑USDC发行的现金与美债资产。 这份牌照并不允许Circle开展吸收存款、发放贷款的商业银行业务。 该消息折射出加密行业整体趋势：各类加密企业正从金融应用服务商转型为金融基础设施提供商。近期，货币监理署已受理或批准Coinbase、BitGo、富达数字资产、瑞波、Paxos等多家机构的相关申请，行业企业争相布局完整合规金融业务链条。 除此之外，持有联邦银行牌照意味着Circle由全国性银行业监管机构统一监管，不再受制于各州分散监管——这曾是高速发展的金融科技初创企业一大痛点。美国50个州各自存在略有差异的监管规则，企业需多头合规，不仅拖累业务扩张，还大幅抬升运营成本。 近一年前，美国国会通过《GENIUS法案》，搭建起支付型稳定币的联邦监管框架，为数字资产行业划定清晰监管边界，稳定币赛道自此竞争持续白热化。 传统金融机构纷纷计划发行自有稳定币，这对USDC构成日益严峻的竞争压力。传统机构发行稳定币可自主截留支付流水、深化客户绑定，并依托可编程数字美元搭建配套金融服务，无需依赖Circle这类第三方发行方。 此次获得货币监理署颁发的银行牌照，进一步巩固了Circle面向机构客户的合规基础设施定位。 责任编辑：刘明亮
Rigetti Computing 's (NASDAQ: RGTI) quantum systems may one day crack problems that classical (ordinary) computers never could, like designing novel drugs or designing materials from the ground up. That day has yet to come, but the company, along with competitors like IonQ and D-Wave Quantum , is racing to create a computer powerful enough -- and, critically, reliable enough -- to do so. Recently,...
Rigetti Computing 's (NASDAQ: RGTI) quantum systems may one day crack problems that classical (ordinary) computers never could, like designing novel drugs or designing materials from the ground up. That day has yet to come, but the company, along with competitors like IonQ and D-Wave Quantum , is racing to create a computer powerful enough -- and, critically, reliable enough -- to do so. Recently, the U.S. government made getting there a priority, placing Rigetti and a handful of other quantum firms on a short list of companies it's willing to back with public money. The company signed a letter of intent with the Commerce Department for up to $100 million over three years. The stock was up nearly 70% to just over $27 following the announcement, but has fallen since, now hovering around $16.60 as of July 8. So, is now the time to jump in? Is Rigetti stock a buy below $20? Continue reading
abentson/iStock via Getty Images It is not a secret that the BDC sector ( BIZD ) has been punished hard by the bears. We can see that in the current valuations, where the sector median P/NAV stands at 0.71x or 29% below NAV. This is significantly below the long-term average of 0.97x and not that far away from the absolute worst period in March 2020 when the multiple had plunged to 0.63x amid compl...
abentson/iStock via Getty Images It is not a secret that the BDC sector ( BIZD ) has been punished hard by the bears. We can see that in the current valuations, where the sector median P/NAV stands at 0.71x or 29% below NAV. This is significantly below the long-term average of 0.97x and not that far away from the absolute worst period in March 2020 when the multiple had plunged to 0.63x amid complete uncertainty about how the economy could look in the future. If I had to name the three most important drivers for this, then it would be: The SaaSpocalypse (BDCs are, on average , 20% SaaS-concentrated, which creates risks given the disruptive power of the AI). New cockroaches such as First Brand and Tricolor are emerging in the future. Opaque marking process, which doesn't build trust. The common denominator for all these fears is a default risk. If things start to spiral out of control like they happened for Horizon Technology Finance ( HRZN ), TriplePoint Venture Growth BDC Corp. ( TPVG ), FS KKR Capital Corp. ( FSK ), and some others, I could easily see the logic behind these kinds of discounts. However, the actual reality indicates nothing on this (credit risk) front. Certainly nothing systemic. We can see it in the broad non-accrual statistics and stable PIK levels - i.e., no system-wide build-up of credit risk. The Q1 earnings reports were also primarily about spread and lower equity multiple-driven markdowns. A couple of days ago, Saratoga Investment ( SAR ), as a BDC earnings season opener, reported no new non-accruals despite its a) aggressive debt load, b) huge exposure to SaaS, and c) concentration in the lower middle market or LMM zone where SaaS players have inherently weaker moats. I have elaborated on this in my previous articles, but I think that there is a considerable disconnect between the current valuations and the underlying fundamentals (or at least what the market expects to happen). Having said that, I'm more concerned about the income or earnin...
PM Images/DigitalVision via Getty Images Do you own any micro cap stocks? Moreover, do you have the time to research them? The Royce Micro-Cap Trust ( RMT ) is the oldest closed-end fund focusing on that slice of the market. Our most recent article on RMT was in October 2025. At that point, we advised waiting for a deeper discount to NAV before acquiring new shares. Fund Profile: "RMT is a closed-...
PM Images/DigitalVision via Getty Images Do you own any micro cap stocks? Moreover, do you have the time to research them? The Royce Micro-Cap Trust ( RMT ) is the oldest closed-end fund focusing on that slice of the market. Our most recent article on RMT was in October 2025. At that point, we advised waiting for a deeper discount to NAV before acquiring new shares. Fund Profile: "RMT is a closed-end fund that invests in the public equity markets of the US. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market caps of less than $500M. RMT began in December 1993." It has $842M in net assets, with 176 holdings and 144K in average daily volume. Leverage is modest, at 2.32%. The expense ratio is 1.39%. Hidden Dividend Stocks Plus Holdings: As of 3/31/26, RMT's largest sector exposure was still Industrials, at 27.5%, followed by tech, at 21.9% - both sectors were stable vs. their 9/30/25 allocations. Financials decreased, dropping from 16.4% to 14.9%, as did Healthcare and Consumer Discretionary, both of which dropped ~1%. Materials increased from 6% to 6.9%, and Energy rose from 5% to 5.8%, while Communication Services dropped from 3.5% to 2.3% rmt As of 3/31/26, RMT's top 10 no longer included EVI Industries ( EVI ), National Presto ( NPK ), CECO Environmental ( CECO ), nLIGHT ( LASR ), and Astronics ( ATRO ). Those five holdings were replaced by Ultra Clean ( UCTT ), Ichor ( ICHR ), Camtek ( CAMT ), Bel Fuse ( BELFA ), and Cohu ( COHU ). The top 10 positions accounted for 14.5% of RMT's portfolio, up from 11.4% as of 9/30/25. rmt Dividends: RMT pays a variable quarterly distribution in a March/June/Sept./Dec. schedule, which has ranged from $.18 to $.24 since Q1 '25. Its most recent payout was $.21. RMT's yield was around 6% at its 7/9/26 intraday price of $14.06. It has a five-year distribution growth average of 6.64%. Earnings: NII/share swung to a $.05 loss in 2025, vs. $0...
Captain Sione Tuipulotu believes Scotland have "evolved into the team they wanted to become" but has learned not to make any bold claims about an upset against world champions South Africa.
Captain Sione Tuipulotu believes Scotland have "evolved into the team they wanted to become" but has learned not to make any bold claims about an upset against world champions South Africa.
Mainstreet Equity Corp. ( MEQ:CA ) declares CAD 0.08/share quarterly dividend , in line with previous. Payable July 31; for shareholders of record July 17; ex-div July 17. See MEQ:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Mainstreet Equity Corp. Historical earnings data for Mainstreet Equity Corp. Dividend scorecard for Mainstreet Equity Corp. Financial information for Mainstr...
Mainstreet Equity Corp. ( MEQ:CA ) declares CAD 0.08/share quarterly dividend , in line with previous. Payable July 31; for shareholders of record July 17; ex-div July 17. See MEQ:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Mainstreet Equity Corp. Historical earnings data for Mainstreet Equity Corp. Dividend scorecard for Mainstreet Equity Corp. Financial information for Mainstreet Equity Corp.
MoMo Productions/DigitalVision via Getty Images Investment Thesis 8x8, Inc. ( EGHT ) is an interesting case here, seeing as the shares are being incredibly volatile on market hopes that it can turn this apparently sinking ship around. The top line has been stale, and margins continue to compress. The pivot towards usage-based revenues might seem good at first, but so far it’s only led to lower gro...
MoMo Productions/DigitalVision via Getty Images Investment Thesis 8x8, Inc. ( EGHT ) is an interesting case here, seeing as the shares are being incredibly volatile on market hopes that it can turn this apparently sinking ship around. The top line has been stale, and margins continue to compress. The pivot towards usage-based revenues might seem good at first, but so far it’s only led to lower gross margins as low-value API calls are monetized through AI agents' usage rates. Then EGHT also carries an enormous debt load , larger than the current market cap, which is cutting into the earnings. Management is guiding for FY 2027 to include a massive jump in the EBIT margins, supposedly through AI implementation and cutting down sales costs. Nothing in the last report points to this happening. With all this negativity, I feel quite confident in starting my coverage with a Sell rating of EGHT. Operating Model - Stale Is the Keyword Here FY 2026 Highlights (Author/EGHT Q1 FY 2026 10-Q Filing) Continuing the theme of declining gross margins, which seems to have started back in 2023, EGHT posted another 10-K with margin compression . The primary revenue stream is through service revenues. The core operating model is built on a unified platform that combines voice, video, chat, and other contact center capabilities. It is unlike other, more fragmented IT vendors, where it offers the complete package, reducing the need to stitch and get 5 or 6 different platforms to somewhat work together. The flagship product is the XCaaS platform. Along with this, EGHT has also pushed more towards usage-based revenues. It has previously monetized this platform as a B2B SaaS model, which carries those high margins I shared above. This is crucial because of the AI boom. When a usage model was previously built on “per seat,” that collapses when AI can perform some of these tasks, shrinking the number of “seats” across the customer base. So switching to usage-based invoicing means that EGHT is a...