SAN CARLOS, Calif., May 26, 2026--(BUSINESS WIRE)--BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced it will participate in the Goldman Sachs 47th Annual Global Healthcare Conference on June 8, 2026, with a fireside chat at 10:00 a.m. EDT. The live webcast of this event can be accessed from the investors section of the Company’s website at htt...
SAN CARLOS, Calif., May 26, 2026--(BUSINESS WIRE)--BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced it will participate in the Goldman Sachs 47th Annual Global Healthcare Conference on June 8, 2026, with a fireside chat at 10:00 a.m. EDT. The live webcast of this event can be accessed from the investors section of the Company’s website at https://ir.beonemedicines.com. An archived webcast will be available on the Company’s website. About BeOne BeOne Medicines is a global oncology company that is discovering and developing innovative treatments for cancer patients worldwide. With a portfolio spanning hematology and solid tumors, BeOne is expediting development of its diverse pipeline of novel therapeutics through its internal capabilities and collaborations. The Company has a growing global team spanning six continents who are driven by scientific excellence and exceptional speed to reach more patients than ever before. To learn more about BeOne, please visit www.beonemedicines.com and follow us on LinkedIn, X, Facebook and Instagram. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding BeOne’s plans, commitments, aspirations and goals related to BeOne’s medicines and drug candidates. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors which are discussed in the section entitled "Risk Factors" in BeOne’s most recent periodic report filed with the U.S. Securities and Exchange Commission ("SEC") as well as discussions of potential risks, uncertainties, and other important factors in BeOne’s subsequent filings with the SEC. All information in this press release is as of the date hereof, and BeOne undertakes no duty to update such information unless required by law. ...
I never dreamed it would be so hard to put together a playlist for my friend’s 60th For any birthday party with a zero at the end, the music is supposed to be very simple: you just pick a banger from the year the person was born and work towards to the present day on that basis. Some people are bound to be unlucky. I myself am the victim of a freak event as in 1973, no good songs were released any...
I never dreamed it would be so hard to put together a playlist for my friend’s 60th For any birthday party with a zero at the end, the music is supposed to be very simple: you just pick a banger from the year the person was born and work towards to the present day on that basis. Some people are bound to be unlucky. I myself am the victim of a freak event as in 1973, no good songs were released anywhere in the world. But mostly it works on all kinds of levels, because it means that in the early part of the night it’ll be songs that your parents liked, as that’s how you came to be born in the first place, and for the music that was released last year and of which you are entirely unaware, it’ll be the end of the night, and you won’t care. This is all great until you’re making a playlist for your dear friend who is 60. Even Claude AI was whining about the sheer size of this dataset. The parents would prefer a tea the day before and no longer want to go to a party, so the whole first two decades are playing to no one. (That’s actually unfair: everyone likes the Beatles. But the number of years in which the hit was something Ernie-the-Fastest-Milkman-in-the-West-adjacent is truly shocking.) Realistically, all your favourite songs were released in the same year, which is 1989. If you took a long, hard look in the mirror, you’d admit that you haven’t kept on top of the charts for roughly 20 years, and could no more distinguish early from late Beyoncé than you could correctly identify Mesolithic from Neolithic by looking at a stone tool. The songs you genuinely like definitely did not chart, and it would be antisocial to expect people to join you in knowing all the words; instead, looking for the crowd-pleasers, there’s a whole segment in the middle when you might as well be listening to Magic FM. Continue reading...
“I have just arrived in Tudor London, 1536,” a young woman in a green puffer jacket tells the camera. “I’m going to check in at my room in the inn, get into the market. Then, later I am meeting the actual king – yep, Henry VIII – in person.” On YouTube and other social platforms, users are flocking to watch AI-generated “history influencers”, characters that vlog their travels to historical settin...
“I have just arrived in Tudor London, 1536,” a young woman in a green puffer jacket tells the camera. “I’m going to check in at my room in the inn, get into the market. Then, later I am meeting the actual king – yep, Henry VIII – in person.” On YouTube and other social platforms, users are flocking to watch AI-generated “history influencers”, characters that vlog their travels to historical settings. One of the most popular channels is Chloe VS History, with more than 610,000 Instagram followers and 15m views on YouTube. Viewers can watch Chloe try eel pie at a Tudor market, explore the first-class suites on the Titanic and take a plunge in an ancient Roman bath. The format has been replicated by other channels, such as Janella Through Time, Nova VS History and Esmetimetravels. Popular destinations include ancient Rome, Pompeii, the wild west and England during the Black Death. The creator of Chloe VS History, 32-year-old Jonathan Laramie, said the goal was to “get younger people more interested” in different periods of history. View image in fullscreen An AI-generated scene from ChloeVS History’s YouTube video about HMS Titanic. Illustration: YouTube/Chloe VS History “History is a very visual experience, but it’s just not taught that way,” he said. “It’s taught via a textbook. And that is not compatible with lots of students. So why not use the technology we have to bring that to life in a really visceral way? “Vlogs are very popular on YouTube because people get attached to a particular character. I’m taking an already-proven format on YouTube and just applying it to history.” While AI-generated historical videos have been circulating for the past year, Laramie said the sophistication of current AI video generation tools had “absolutely changed the game” for content creation. “I was just thinking: ‘Wouldn’t it be great to actually represent history with a kind of “real person”, who has time travelled to that point?’” Laramie uses Seedance 2.0 to produce his videos...
Nearly 200,000 US truck drivers are at risk of losing their commercial driver’s licenses after the US Department of Transportation (DOT) issued a new rule that disqualifies many foreign-born truck drivers from getting or renewing their licenses. Tens of thousands of immigrant drivers are stuck in a limbo after the rule took effect in March, and lawsuits challenging the rule are still being reviewe...
Nearly 200,000 US truck drivers are at risk of losing their commercial driver’s licenses after the US Department of Transportation (DOT) issued a new rule that disqualifies many foreign-born truck drivers from getting or renewing their licenses. Tens of thousands of immigrant drivers are stuck in a limbo after the rule took effect in March, and lawsuits challenging the rule are still being reviewed by federal courts. The rule restricts licenses to immigrants who have specific employment authorization statuses, disqualifying those with other authorizations, including asylum seekers, refugees and those with Deferred Action for Childhood Arrivals (Daca) status. The rule has shaken immigrant drivers who have spent years dedicated to the industry. Sarabjeet Singh, a truck driver from India who has worked in central California for the past 12 years, said he attempted to renew his license last month when it expired but was turned away. Kavita Patel, Singh’s wife, said the loss of his license has been devastating for their whole family. “This not only affected us financially, but this is a huge burden mentally, emotionally, physically,” she said. “People think you can just find another job, but your entire skill set [and] experience has been built around driving this big rig.” “It’s kind of a fear and helplessness that comes from waking up one day and realizing, ‘Oh, guess what, your career that you built is suddenly all gone in one night,’” she added. A spokesperson for the Federal Motor Carrier Safety Administration deferred comment to a press release on the policy. They denied the policy change toward immigrants is racist. In a press release on the new rule, the US transportation secretary, Sean Duffy, said that licenses are “being issued to dangerous foreign drivers – often times illegally”. “This is a direct threat to the safety of every family on the road, and I won’t stand for it,” he said. Duffy cited five fatal accidents involving immigrant truck drivers to justify...
From Paris to Mexico, Leonora Carrington’s extraordinary life is retold with intelligence and restraint, though not quite enough imagination At the age of 20, debutante Leonora Carrington ran away from London to be an artist in Paris, living with the surrealist Max Ernst, who was married and more than twice her age. But you won’t notice the uncomfortable age gap in this biopic, in which Carrington...
From Paris to Mexico, Leonora Carrington’s extraordinary life is retold with intelligence and restraint, though not quite enough imagination At the age of 20, debutante Leonora Carrington ran away from London to be an artist in Paris, living with the surrealist Max Ernst, who was married and more than twice her age. But you won’t notice the uncomfortable age gap in this biopic, in which Carrington is played by Olivia Vinall, who is in her late 30s and portrays the artist for a decade or so, from Paris until Carrington settled in Mexico in the 1940s. Vinall’s performance is pleasingly spiky, fierce and uncompromising, fit for a woman who did not seek anyone’s approval – and does some heavy lifting in this otherwise tepid film. It’s adapted from a biographical novel by Elena Poniatowska . We meet Carrington arriving in Paris, where she discovers that the surrealists’ circle is another male-dominated world, with its own objectionable attitudes to women. Carrington, though, gives short shrift to men such as André Breton and Salvador Dalí, drivelling on about woman as the divine muse to be worshipped. The dialogue clunks along unconvincingly, such as one line spoken to Ernst (Alexander Scheer): “I don’t want to be your wife. I want to be your lover.” The pair move to southern France, where they seem to work productively – portrayed in slightly dull scenes – until the outbreak of the second world war in 1939, when Ernst, a German citizen, is imprisoned. Continue reading...
High-density lipoprotein cholesterol is known as “good” cholesterol and is linked to lower risk of heart disease. However, this lipid has been linked to increased risk for age-related macular degeneration. Photo: Wendy Harrison, OD, PhD, and Joe Wheat, OD, PhD. Click image to enlarge. To address discrepancies in published literature, researchers from Israel conducted a study to determine how varyi...
High-density lipoprotein cholesterol is known as “good” cholesterol and is linked to lower risk of heart disease. However, this lipid has been linked to increased risk for age-related macular degeneration. Photo: Wendy Harrison, OD, PhD, and Joe Wheat, OD, PhD. Click image to enlarge. To address discrepancies in published literature, researchers from Israel conducted a study to determine how varying levels of high-density lipoprotein cholesterol (HDL-C) affect the risk of age-related macular degeneration (AMD). This study collected electronic healthcare data from 70 United States facilities available using the TriNetX network. Data from 2005 to 2025 was collected. A total of 1.29 million person-years were identified in this study. Only patients with two or more HDL-C measurements taken at least three months apart were accepted. High-level HDL-C (n=1,013,645) was defined as ≥60mg/dL and low level (n=494,029) was defined as ≤39mg/dL. Groups were then matched at a 1:1 ratio based on health history (demographics, medications, comorbidities). Researchers found 186,532 subjects who matched in both the high- and low-level groups. “In this retrospective cohort study, high HDL-C levels were associated with a significantly increased risk of incident nonexudative AMD across early, intermediate and advanced atrophic stages,” mentioned the authors in their paper published in Investigative Ophthalmology & Visual Science, “whereas associations with exudative AMD were weaker and less consistent, compared with consistently low HDL-C levels. These findings support subtype-specific effects of HDL-C on AMD pathogenesis.” Hazard ratios (HR) were calculated to determine the risk of AMD. For high HDL-C, the risk of nonexudative AMD had an HR of 1.53, while exudative AMD had an HR of 1.37. As the researchers pointed out, an increased risk for nonexudative AMD was found across every stage outlined in their study. Here are the results for each stage: Early atrophic stage: HR=1.55 Intermediat...
The Indonesian government’s decision to accept a US proposal to turn an underused airport into a maintenance hub for Lockheed C-130 Hercules military aircraft has stirred up a familiar debate: how far can Jakarta deepen defence ties with Washington while preserving its non-aligned stance? The plan, which would make Indonesia home to the first facility of its kind in Southeast Asia, emerged alongsi...
The Indonesian government’s decision to accept a US proposal to turn an underused airport into a maintenance hub for Lockheed C-130 Hercules military aircraft has stirred up a familiar debate: how far can Jakarta deepen defence ties with Washington while preserving its non-aligned stance? The plan, which would make Indonesia home to the first facility of its kind in Southeast Asia, emerged alongside a separate discussion over allowing US military aircraft to access Indonesian airspace, adding to concerns over sovereignty, transparency and a “free and active” foreign policy. The neutral doctrine has long guided Indonesia’s efforts to avoid alignment with major powers while still playing an active role in international affairs. Advertisement Defence Minister Sjafrie Sjamsoeddin said on May 19 that his American counterpart, Pete Hegseth, had floated the idea of a maintenance, repair and overhaul (MRO) hub for C-139 Hercules aircraft in Indonesia. US Marines walk towards a C-130 Hercules plane at Marine Corps Air Station New River in Jacksonville in February 2025. Photo: US Marine Corps/Reuters “He offered it as this doesn’t exist in any Asean country. He said: ‘How about I centralise C-130 maintenance throughout Asia in Indonesia at our expense?’ I reported to President [ Prabowo Subianto ], who told me to ‘give him Kertajati’. Well, we’re working on that,” Sjafrie told parliament.
A moderately educated young man in China spent 10 days and just 3,000 yuan (US$440) to make a short film using artificial intelligence (AI) technology. His efforts have won him the favour of a Hollywood director who even offered him a job. The work, called Zombie Scavenger, was released on mainland social media websites on May 9 by Liu Ziyu, 29, who lives in Xinping County in southwestern Yunnan p...
A moderately educated young man in China spent 10 days and just 3,000 yuan (US$440) to make a short film using artificial intelligence (AI) technology. His efforts have won him the favour of a Hollywood director who even offered him a job. The work, called Zombie Scavenger, was released on mainland social media websites on May 9 by Liu Ziyu, 29, who lives in Xinping County in southwestern Yunnan province, the Chuncheng Evening News reported. Liu Ziyu, above, talks about the making of his short film. Photo: Weibo It did not make waves in China until being recommended by PJ Accetturo, a famous Hollywood-based AI filmmaker, on social media the next day. Advertisement So far, the short film has been viewed more than 60 million times around the world, the report said. “This is one of the best short films I have seen in years,” wrote Accetturo. Advertisement “If anyone can find the director, please link his socials. I would love to hire him but I cannot find him, I think he is a Chinese creator on Douyin,” the director added.
Nine anonymous cryptocurrency wallets have effectively gained control over who wins and loses on Polymarket’s most contested prediction market bets, giving a tiny group of unappointed people outsized power over billions of dollars of wagers. Over the past year, nearly 2,000 Polymarket financial contracts have been disputed and adjudicated by the company’s complicated third-party resolution mechani...
Nine anonymous cryptocurrency wallets have effectively gained control over who wins and loses on Polymarket’s most contested prediction market bets, giving a tiny group of unappointed people outsized power over billions of dollars of wagers. Over the past year, nearly 2,000 Polymarket financial contracts have been disputed and adjudicated by the company’s complicated third-party resolution mechanism — including bets on war, elections and geopolitical conflict. In April alone, 230 contracts that attracted more than $1 billion in trading ended up being decided through the process, up from 79 contracts six months earlier, according to a Bloomberg News analysis of blockchain records and past votes. Under Polymarket’s rules, whenever the outcome of one of its financial contracts faces an official challenge, the dispute goes to a vote among holders of UMA, an independent cryptocurrency. In one recent case, UMA owners voted on how to resolve a contract tied to whether the US and Israel had struck Iranian facilities in February, with the odds bouncing around as traders tried to guess how the UMA holders would vote. The process was designed to give bettors an open, crowd-sourced path to the truth — central to Polymarket’s identity as a decentralized “global truth machine.” It has, though, ended up concentrating power in the hands of whoever bought the most UMA tokens, even if they make decisions that defy logic and are motivated by pure economic self-interest, rather than any adherence to the real answer to the question being wagered on. Just nine wallets accounted for roughly half of all UMA tokens that have voted on a Polymarket resolution over the past three years, the Bloomberg analysis found. That’s out of more than 6,400 accounts that have participated in at least one dispute. The nine wallets have essentially always voted together and for the winning position. The concentration of voting power has drawn blowback from a growing number of unhappy traders who say the sys...
The SpaceX initial public offering prospectus is more than 400 pages of rocket fuel-grade ambition. It is also an extended warning for investors in Tesla Inc. who aren’t named Elon Musk. Musk’s latest pitch to the public market involves a mooted $2 trillion valuation for Space Exploration Technologies Corp., where he is chief executive officer, chief technical officer and chairman. Common to all M...
The SpaceX initial public offering prospectus is more than 400 pages of rocket fuel-grade ambition. It is also an extended warning for investors in Tesla Inc. who aren’t named Elon Musk. Musk’s latest pitch to the public market involves a mooted $2 trillion valuation for Space Exploration Technologies Corp., where he is chief executive officer, chief technical officer and chairman. Common to all Musk ventures, the company calculates a total addressable market that is monumental, only more so; the largest “in human history” at $28.5 trillion. Future money spinners include such lively challenges as “energy production on the Moon and Mars” and “in-orbit manufacturing.” The market has become inured to the wild claims of special purpose acquisition companies of late, but this is perhaps better described as a special purpose aspiration company. Within the noise, however, there is signal. The core business of SpaceX is launching rockets and providing satellite communications services via Starlink. These two divisions, space and connectivity, can be thought of as a symbiotic whole for now. Most launches carry those company-owned satellites, and together, they constitute a business with fast-growing profits that was almost self-funding last year. Of the $28.5 trillion touted addressable market, however, 93% relates not to that core business but instead to artificial intelligence. This is where things begin to converge with Tesla, an electric vehicle maker that Musk, also CEO there, has rebranded an AI and robotics leader. SpaceX properly launched itself into this now critical business only this year with the acquisition of another Musk company, xAI, which had itself bought another Musk company, the social media platform X, last year. The $250 billion that SpaceX paid for xAI in stock, a cool 78 times trailing revenue , was undoubtedly a good deal for xAI — which means a good deal for Musk and the various private investors, as well as creditors, he corralled to fund his strug...
Barnes & Noble transformed from a dying chain to private equity darling by ditching the corporate playbook. An IPO and AI could be next. Lia Ehrl-Corbo has more. (Source: Bloomberg)
Barnes & Noble transformed from a dying chain to private equity darling by ditching the corporate playbook. An IPO and AI could be next. Lia Ehrl-Corbo has more. (Source: Bloomberg)
Magpie Cafe in Sacramento, California, goes through a 5-gallon bucket of honey about every three weeks, using it to sweeten its crispy pork belly and mix up batches of honey lemonade. It’s not cheap: Co-owner Janel Inouye pays 30% more for honey than she did five or six years ago. “I don’t know that I’ve seen anything that has been a sticker shock the way that we’ve seen honey jump,” she says. But...
Magpie Cafe in Sacramento, California, goes through a 5-gallon bucket of honey about every three weeks, using it to sweeten its crispy pork belly and mix up batches of honey lemonade. It’s not cheap: Co-owner Janel Inouye pays 30% more for honey than she did five or six years ago. “I don’t know that I’ve seen anything that has been a sticker shock the way that we’ve seen honey jump,” she says. But the sweetener, for its flavor and complexity, is unmatched. She says she’d sooner pull the crispy pork belly from her menu than swap out the honey. Honey is hot these days, with Americans consuming more of it per capita than ever, even as wider sweetener use plateaus. Demand is being fueled by a combination of trends, including a move by consumers away from processed sweeteners such as high-fructose corn syrup and toward so-called clean eating. Even though honey still spikes blood sugar like any other sweetener, it benefits from a vague health halo — It has antioxidants! It might help with your allergies! Bees make it! — that’s driving both restaurants and home chefs to increasingly swap it in. Soccer legend David Beckham last year introduced Beeup , a line of honey-sweetened fruit snacks. Colorado-based Local Hive recently introduced single-serve packets of honey for runners to down as a quick energy boost on the go. In the 12 months ended in late March, Americans bought $1.6 billion worth of honey, according to retail data from Circana, up 10% from a year earlier. Spicy varieties are proliferating as well: McDonald’s earlier this year rolled out a limited-time hot honey menu; the spicy-sweet condiment has also popped in bagel chain Einstein Bros.’ cream cheese and in Smithfield’s hickory-smoked bacon . Hot honey appeared on almost 12% of restaurant menus in the first quarter of 2026, more than triple the share in 2021, according to research firm Datassential. But as consumers swarm, honey production in America is at an all-time low, according to US Department of Agricult...
When Venezuela defaulted on its bonds and trading all but seized up, most investors ran. Tina Vandersteel bought more. Now, about eight years later, as funds rush to gain exposure to a suddenly resurgent market, the Boston-based asset manager at Grantham Mayo Van Otterloo & Co. finds herself holding much of the debt that others are chasing . “I have all the bonds,” Vandersteel said in an interview...
When Venezuela defaulted on its bonds and trading all but seized up, most investors ran. Tina Vandersteel bought more. Now, about eight years later, as funds rush to gain exposure to a suddenly resurgent market, the Boston-based asset manager at Grantham Mayo Van Otterloo & Co. finds herself holding much of the debt that others are chasing . “I have all the bonds,” Vandersteel said in an interview this month. “If you’re distressed hedge fund XYZ, you want to start now, you have zero.” That shift — from one of the few willing buyers to market-maker in one of the world’s most politically fraught sovereign debt trades — helped the GMO Emerging Country Debt Fund deliver the strongest risk-adjusted excess returns among global sovereign debt funds since the Iran war erupted, according to data compiled by Bloomberg. Vandersteel, who oversees around $9.5 billion, has spent decades investing in emerging markets. She joined GMO in 2004 from JPMorgan Chase & Co., where she had started in 1990. Today, she sees some trading opportunities in the Middle East as well — particularly in Israeli debt. But few trades have paid off like Venezuela. That was built over years of accumulating the country’s bonds at deeply distressed prices on the belief that its vast oil wealth would eventually make them worth something again. Then came the Iran war. As energy prices skyrocketed and countries looked for alternative suppliers, Venezuela’s oil reserves became strategically important. “You just had to wait,” she said. “Someday they will pull oil out of the ground and pay bondholders.” Read more: A 220% Bond Rally Snaps as Venezuela Euphoria Gets Reality Check The trade traces back to Venezuela’s default in late 2017, after which escalating US sanctions and collapsing oil production sent bond prices plunging. American restrictions on trading Venezuelan debt left many investors effectively unable to buy or sell, prompting some funds to mark their positions at levels near zero. “We worked with Tr...
Tech stocks rose to start the holiday-shortened week as investors looked to the latest mega IPOs and continued to assess what Nvidia’s latest earnings mean for the artificial intelligence trade. Last week, Elon Musk’s rocket company SpaceX (SPAX.PVT) filed its S-1 IPO prospectus, revealing details of its financials. ChatGPT creator OpenAI (OPAI.PVT) is also reportedly planning to file for an initi...
Tech stocks rose to start the holiday-shortened week as investors looked to the latest mega IPOs and continued to assess what Nvidia’s latest earnings mean for the artificial intelligence trade. Last week, Elon Musk’s rocket company SpaceX (SPAX.PVT) filed its S-1 IPO prospectus, revealing details of its financials. ChatGPT creator OpenAI (OPAI.PVT) is also reportedly planning to file for an initial public offering in the coming weeks, and its competitor Anthropic (ANTH.PVT) is expected to follow soon with an IPO as early as this fall. The three mega IPOs are expected to take the artificial intelligence trade on Wall Street to new heights and test the limits of investors’ appetite for the tech theme, while the rivalry between OpenAI and Anthropic will play out in a new arena. The AI trade got a boost last week after industry leader Nvidia (NVDA) reported quarterly results that beat Wall Street expectations and delivered a better-than-expected second quarter outlook. While first quarter earnings season has mostly wound down, a handful of tech companies report results this week, including Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL). LIVE 1 update
Brazilian cotton farmers and traders are ready to profit from a rally fueled by two disparate events: the Iran war and drought. Cotton prices are up more than 20% this year and this month touched the highest since 2024. Demand is shifting to the natural fiber after the effective closure of the Strait of Hormuz slowed shipments of naphtha, a petrochemical byproduct used to make competing synthetic ...
Brazilian cotton farmers and traders are ready to profit from a rally fueled by two disparate events: the Iran war and drought. Cotton prices are up more than 20% this year and this month touched the highest since 2024. Demand is shifting to the natural fiber after the effective closure of the Strait of Hormuz slowed shipments of naphtha, a petrochemical byproduct used to make competing synthetic fibers. Forecasts calling for dry weather in US growing areas added to the rally. All that has created an opening for well-supplied Brazilian farmers to increase exports and capitalize on higher prices. Brazil is on track to post record cotton sales of 3.1 million tons in the season ending in June, according to export group Anea. That would be up roughly 9% from the previous season. Demand from China, along with India’s temporary removal of import duties, boosted shipments, trade data shows. The South American country is the world’s top exporter of the commodity, surpassing the US. Farmers like Sergio Pitt, who grows cotton in Brazil’s Bahia state, are ready to cash in. Before this year’s rally, he’d locked in sales for about a third of his production. After futures spiked, Pitt quickly made deals to increase his sales to 90% of the crop he will start reaping next month. “My average sale price this year will be around 10% higher,” Pitt said. The boost to Brazilian cotton growers couldn’t come at a better time as the country’s farmers navigate financial pressures. Higher fertilizer costs, stalled rural debt restructuring talks and tighter credit conditions are squeezing the nation’s agriculture producers. Prices for farm products like coffee and sugar have dropped in the past 12 months, making cotton a rare bright spot. Read More: Fertilizer Shock From Iran War Threatens Brazil’s Farm Economy Brazil is a relative newcomer to the cotton world, but it’s had a swift rise to the top. The South American nation went from being a net importer in the 1990s to currently ranking as th...
Credit Suisse ’s former head of compliance has avoided a criminal trial for allegedly ignoring red flags in a scandal that helped hasten the bank’s collapse, after the case was dismissed on technical grounds. Lawyers for Lara Warner were preparing to argue in Switzerland’s Federal Criminal Court that regulators miscast her role in the so-called Tuna Bonds scandal — a $2 billion debt scheme meant t...
Credit Suisse ’s former head of compliance has avoided a criminal trial for allegedly ignoring red flags in a scandal that helped hasten the bank’s collapse, after the case was dismissed on technical grounds. Lawyers for Lara Warner were preparing to argue in Switzerland’s Federal Criminal Court that regulators miscast her role in the so-called Tuna Bonds scandal — a $2 billion debt scheme meant to fund a Mozambican tuna-fishing fleet that instead became a global symbol of the bank’s failings. The Swiss court on Tuesday dismissed the case and a 100,000 Swiss franc ($127,480) fine against her because the statute of limitations had expired. By failing to file a suspicious activity report between 2016 and 2018 over a $7.9 million payment from Mozambique’s government to an account in the United Arab Emirates “the defendant intentionally violated her reporting obligations” under Swiss money-laundering rules, the court said. However, while that obligation lasts as long as assets can be traced and confiscated, the court ruled, “there is no indication as to the whereabouts of the assets transferred to the United Arab Emirates since 2017.” Warner was fined in March 2025 by the Federal Department of Finance after regulators accused her of blocking subordinates from filing an alert and later showing “no remorse.” But the seven-year statute on her obligations expired in early 2024, a year before she was fined, the court explained in giving its reason for the dismissal. The order dismissing the case can be appealed, but it nevertheless marks a win for Warner and her lawyers who were preparing to argued that investigators misread her position and ignored evidence that decision-making sat lower down the compliance chain. “This dismissal is the correct and long-overdue outcome,” Roberto Dallafior, her lead lawyer, said in a statement. The fine was “was entirely baseless as it attributed decisions to Lara Warner that she did not make and were in any event disclosed and reviewed by F...
Few artificial intelligence (AI) infrastructure stocks have rallied as aggressively as Lumentum Holdings Inc (LITE 1.82%) lately. In the last 12 months, the stock rose by more than 1,100%. There are real reasons for the excitement surrounding Lumentum. The company sits at the center of one of the fastest-growing parts of the AI infrastructure stack: optical networking. As AI systems become larger ...
Few artificial intelligence (AI) infrastructure stocks have rallied as aggressively as Lumentum Holdings Inc (LITE 1.82%) lately. In the last 12 months, the stock rose by more than 1,100%. There are real reasons for the excitement surrounding Lumentum. The company sits at the center of one of the fastest-growing parts of the AI infrastructure stack: optical networking. As AI systems become larger and more powerful, the amount of data moving between servers and chips is exploding. But before chasing the stock higher, investors may want to pay attention to one major warning sign: insider selling. The market may already understand the story well One reason Lumentum stock has rallied so aggressively is that the AI story surrounding the company has become increasingly compelling. In Lumentum, investors see a business benefiting from: Surging AI infrastructure spending Accelerating demand for optical connectivity Expanding margins Improving revenue growth Long-term exposure to next-generation AI data centers In many ways, Lumentum has become a bet on one of the most important shifts happening inside AI infrastructure -- that moving data efficiently within data centers may be just as important as processing it. As a leading company developing optical and photonic technologies that move data using light rather than traditional electrical connections, Lumentum stands to benefit from this massive AI revolution. But here's the problem. Once the market fully embraces an investment story, expectations can rise faster than the underlying business can sustain. That explains why the share price rose much faster than the underlying financials. For perspective, revenue grew by "only" 90% in the latest quarter. At current levels, investors are no longer simply expecting Lumentum to benefit from AI demand. They are betting that the company can continue executing almost flawlessly while AI spending remains elevated for years. That leaves far less room for disappointment. Expand NASDAQ :...
Tech stocks rose to start the holiday-shortened week, led by a 16% gain in Micron (MU), which reached a $1 trillion valuation for the first time on Tuesday. Micron stock surged after UBS analysts published a note that nearly tripled their price target on the stock, arguing that artificial intelligence has changed the way investors should value the company. That supported a rally in semiconductor s...
Tech stocks rose to start the holiday-shortened week, led by a 16% gain in Micron (MU), which reached a $1 trillion valuation for the first time on Tuesday. Micron stock surged after UBS analysts published a note that nearly tripled their price target on the stock, arguing that artificial intelligence has changed the way investors should value the company. That supported a rally in semiconductor stocks across the board, including Qualcomm stock (QCOM), which also got a lift from a report that the chipmaker has reached a deal with TikTok owner ByteDance to supply AI data center chips. Nvidia (NVDA) was one of the few chip stocks in the red, as the AI industry leader continued to see muted stock action following its quarterly results that beat Wall Street expectations last week. First quarter earnings season has mostly wound down, though a handful of tech companies report results this week, including Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL). Meanwhile, investors continue to assess what looming mega IPOs from SpaceX (SPAX.PVT), OpenAI (OPAI.PVT), and Anthropic (ANTH.PVT) mean for the booming AI and tech trade. Last week, Elon Musk’s rocket company SpaceX filed its S-1 IPO prospectus, revealing details of its financials. ChatGPT creator OpenAI is reportedly planning to file for an initial public offering in the coming weeks, and its competitor, Anthropic, is expected to follow soon, with an IPO as early as this fall. LIVE 4 updates
MSH Capital Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 300.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,413 shares of the electric vehicle producer's stock after purchasing an additional 7,812 shares during the quarter. Tesla comprises approximately 1.0% of MSH Cap...
MSH Capital Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 300.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,413 shares of the electric vehicle producer's stock after purchasing an additional 7,812 shares during the quarter. Tesla comprises approximately 1.0% of MSH Capital Advisors LLC's portfolio, making the stock its 20th biggest position. MSH Capital Advisors LLC's holdings in Tesla were worth $4,683,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Prism Advisors Inc. purchased a new position in Tesla in the fourth quarter worth $30,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Tesla in the third quarter worth $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: Sign Up Tesla Price Performance Tesla stock opened at $426.01 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The stock's fifty day moving average is $388.38 and its two-hundred day moving average is $416.42. Tes...
Gary Yeowell Stock index futures rose Tuesday as investors assessed the possibility of a resolution in the U.S.-Iran conflict, despite fresh strikes by Washington. Now, here are 5 news stories that broke overnight to watch out for: Trump pushes Abraham Accords expansion: President Donald Trump said he told leaders of Saudi Arabia, Qatar, Pakistan, Turkey, Egypt, and Jordan that they should join th...
Gary Yeowell Stock index futures rose Tuesday as investors assessed the possibility of a resolution in the U.S.-Iran conflict, despite fresh strikes by Washington. Now, here are 5 news stories that broke overnight to watch out for: Trump pushes Abraham Accords expansion: President Donald Trump said he told leaders of Saudi Arabia, Qatar, Pakistan, Turkey, Egypt, and Jordan that they should join the Abraham Accords to normalize relations with Israel as part of a deal to end the Iran war. “I stated that, after all the work done by the United States to try and pull this very complex puzzle together, it should be mandatory that all of these Countries, at a minimum, simultaneously sign onto the Abraham Accords,” Trump posted on Truth Social. Taiwan surpasses India in market cap: Led by the explosive growth of TSMC ( TSM ), the world’s largest semiconductor manufacturer, Taiwan has overtaken India to claim a larger total stock market valuation. The island’s market capitalization climbed to $4.95T as of Monday, according to data compiled by Bloomberg, while India’s value dropped to $4.92T. Taiwan’s stock market is now the fifth largest in the world, behind only the U.S., mainland China, Japan, and Hong Kong. U.S. conducts strikes in Iran: U.S. forces carried out what they described as “self-defense” strikes in southern Iran early Tuesday, with U.S. Central Command stating that the operation was intended to “protect our troops from threats posed by Iranian forces.” CENTCOM spokesman Tim Hawkins said targets included missile launch sites and Iranian boats attempting to emplace mines. “U.S. Central Command continues to defend our forces while using restraint during the ongoing ceasefire,” Hawkins added. Space stocks surge on SpaceX IPO filing: Shares of rocket and satellite companies are rallying in premarket trading Tuesday, extending a recent surge in the sector after SpaceX ( SPCX ) publicly filed for what could become the largest IPO in history. Among the notable movers a...