Mohamad Faizal Bin Ramli/iStock via Getty Images Just over one month ago , I upgraded Corcept Therapeutics Incorporated ( CORT ) to Buy following the company's loss in its patent litigation against Teva Pharmaceuticals ( TEVA ). This was a setback for the company, allowing Teva to release a generic version of Corcept's drug Korlym and potentially calling into question the legacy Cushing's syndrome...
Mohamad Faizal Bin Ramli/iStock via Getty Images Just over one month ago , I upgraded Corcept Therapeutics Incorporated ( CORT ) to Buy following the company's loss in its patent litigation against Teva Pharmaceuticals ( TEVA ). This was a setback for the company, allowing Teva to release a generic version of Corcept's drug Korlym and potentially calling into question the legacy Cushing's syndrome franchise that delivered $761M in 2025 sales. Counterintuitively, this development marked a bottom for the stock, pricing in the bad news, while upside from Corcept's new drug Lifyorli (relacorilant) provided a catalyst to move higher. Indeed, the stock had been punished severely in 2025 due to the patent litigation loss and the FDA deciding not to move forward with an approval of relacorilant for Cushing's syndrome. The latter would have enabled Corcept to protect its Korlym sales by switching patients to the newer drug. However, the stock market is forward-looking, and uncertainty has now started to clear. Analyzing Corcept's balance sheet , I became bullish because the company had ample liquidity to pivot to ovarian cancer, reinventing itself into a growing oncology franchise. On Wednesday, the FDA issued a decision that came earlier than anticipated, granting approval for relacorilant in platinum-resistant ovarian cancer (the PDUFA date had been mid-July). This development is bullish for Corcept because the regulatory risk surrounding approval of relacorilant is gone. Now the question is execution: can the company grow sales of its newly approved drug quickly enough to offset generic competition of Korlym? Due to the quality of data, the breadth of the approval, and the first-in-class mechanism of a selective glucocorticoid receptor antagonist (SGRA) for oncology, I believe that the odds are now in Corcept's favor. While the stock has rallied from $33 to $38 since my last article, there is ample upside ahead if Corcept can successfully commercialize its new drug. As su...
M&T Bank ( MTB ) on Monday said its board has authorized a share repurchase program of up to $5 billion of its common stock. The new authorization replaces and terminates a previous $4 billion buyback program approved in January 2025. The company said the timing, number of shares repurchased, and transaction terms will be at its discretion and subject to regulatory limits. Source: Press Release Mo...
M&T Bank ( MTB ) on Monday said its board has authorized a share repurchase program of up to $5 billion of its common stock. The new authorization replaces and terminates a previous $4 billion buyback program approved in January 2025. The company said the timing, number of shares repurchased, and transaction terms will be at its discretion and subject to regulatory limits. Source: Press Release More on M&T Bank M&T Bank: A Defensive Holding In An Uncertain Market M&T Bank Corporation (MTB) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript M&T Bank Corporation (MTB) Q4 2025 Earnings Call Transcript M&T Bank outlines 2026 NII target of $7.2B–$7.35B with broad-based loan growth focus M&T Bank Q4 earnings beat as noninterest income exceeds consensus
primeimages/E+ via Getty Images Transcript The economic shock from the Middle East conflict is pushing governments to secure energy supply. Power demand from AI is also accelerating investment in energy infrastructure. Together, these forces are unlocking long-term thematic opportunities. 1) Highly exposed Now, energy underpins economic activity around the world. Around 80% of the population lives...
primeimages/E+ via Getty Images Transcript The economic shock from the Middle East conflict is pushing governments to secure energy supply. Power demand from AI is also accelerating investment in energy infrastructure. Together, these forces are unlocking long-term thematic opportunities. 1) Highly exposed Now, energy underpins economic activity around the world. Around 80% of the population lives in countries that are net oil importers, and 60% live in countries that import natural gas. That means disruptions from the Middle East conflict are having a global effect, rippling across markets and reinforcing the drive for energy security. 2) An uneven shock But the shock is playing out unevenly. Europe and Asia both rely on imported liquefied natural gas. Europe has limited ability to reduce its demand. Japan and South Korea are more exposed to price swings and demand shifts. The U.S. - a net exporter - is insulated but not immune. 3) Getting selective AI is driving up demand for energy - but that demand is colliding with supply constraints on key materials like copper. This has led countries to reduce their reliance on a small set of LNG suppliers, prioritize local supply chains through circular economies, and ramp up electrification efforts powered through renewables, like solar with batteries. To capture these trends, the investing horizon is key. Leadership in deployment doesn’t always translate into equity returns. In the near term, higher volatility and dispersion favor active approaches. Longer term, we favor themes such as electrification and critical resources across public and private markets. Energy security and AI-driven demand are reinforcing each other. We favor active, thematic exposures to back these companies and capture the shifts as they play out - active fundamentally, active systematically and through infrastructure investment in private markets. We stay neutral across equities but stand ready to adjust quickly. __________________ The economic sho...
In trading on Monday, shares of Innovate Corp (Symbol: VATE) crossed above their 200 day moving average of $5.09, changing hands as high as $5.58 per share. Innovate Corp shares are currently trading up about 19.5% on the day. The chart below shows the one year performance of
In trading on Monday, shares of Innovate Corp (Symbol: VATE) crossed above their 200 day moving average of $5.09, changing hands as high as $5.58 per share. Innovate Corp shares are currently trading up about 19.5% on the day. The chart below shows the one year performance of
In trading on Monday, shares of Synthetic Fixed-income Securities Inc on Behalf (Symbol: GJO) crossed above their 200 day moving average of $24.92, changing hands as high as $25.07 per share. Synthetic Fixed-income Securities Inc on Behalf shares are currently trading up about
In trading on Monday, shares of Synthetic Fixed-income Securities Inc on Behalf (Symbol: GJO) crossed above their 200 day moving average of $24.92, changing hands as high as $25.07 per share. Synthetic Fixed-income Securities Inc on Behalf shares are currently trading up about
AscentXmedia/E+ via Getty Images From the days of Charles Dickens and his characters like David Copperfield, the world has come a long way in providing a modern way of life. The biggest innovation in the last 200 years hasn’t been in technology but in the idea of payable work. The main theme has been that anyone willing to work should be able to get work that can pay living wages. Many jobs seem r...
AscentXmedia/E+ via Getty Images From the days of Charles Dickens and his characters like David Copperfield, the world has come a long way in providing a modern way of life. The biggest innovation in the last 200 years hasn’t been in technology but in the idea of payable work. The main theme has been that anyone willing to work should be able to get work that can pay living wages. Many jobs seem repetitive and boring but are providing people a livelihood. However, now in 2026, AI is threatening it. While the US economy supports the world economy, it is the US consumer who acts as the fulcrum to support both the US economy and the US government. While increasing spending by consumers year over year keeps the economy and stock market up, different taxes paid by consumers support local, state, and federal governments. Combined US consumer spending has increased both due to population growth and increasingly disposable income. 2026 is witnessing an impact on both the number of consumers (due to falling population and lower immigration) as well as the strength of consumers due to high inflation, higher oil prices, and lower employment opportunities. Besides mass layoffs caused by large companies, people are finding that their spending ability is getting impacted by high inflation and lower wage growth (again due to AI-based automation). Despite starting with good intentions of making the country industrially competitive and securing long-term peace, the US administration is facing challenges in many areas, e.g.: Tariffs vs. Inflation Tariffs can help in the competitiveness of US factory products, but they have an inflationary impact Tariffs vs. US Supreme court ruling While US administration tried to give a competitive advantage to US-manufactured goods via tariffs against foreign goods, the US Supreme Court has ruled against it War with Iran and Oil prices While US administration wanted to destroy Iran’s nuclear and long-range ballistic missile program in a short war, t...
Retired Marine Corps Major General Mastin Robeson said that increased troops sent to the MidEast means that the US has 'positioned sufficient assets' to be able to enact leverage over negotiations to open the Strait of Hormuz and end the war with Iran. Robeson also discussed how the war has impacted the US relationship with China, as Xi moves to invite Taiwan's opposition leader for a meeting ahea...
Retired Marine Corps Major General Mastin Robeson said that increased troops sent to the MidEast means that the US has 'positioned sufficient assets' to be able to enact leverage over negotiations to open the Strait of Hormuz and end the war with Iran. Robeson also discussed how the war has impacted the US relationship with China, as Xi moves to invite Taiwan's opposition leader for a meeting ahead of the scheduled Trump, Xi meeting in May. (Source: Bloomberg)
jittawit.21 The surge in redemption requests from private credit funds is forcing managers to slow their expansion as they grapple with liquidity demands from retail investors, according to Ken Kencel, president and CEO of Churchill Asset Management. Kencel expects this trend to persist “for several quarters as funds deal with those redemption requests,” particularly impacting managers with heavy ...
jittawit.21 The surge in redemption requests from private credit funds is forcing managers to slow their expansion as they grapple with liquidity demands from retail investors, according to Ken Kencel, president and CEO of Churchill Asset Management. Kencel expects this trend to persist “for several quarters as funds deal with those redemption requests,” particularly impacting managers with heavy retail investor exposure. In an interview with Bloomberg TV, Kencel explained that investors are now scrutinizing the composition of fund investor bases during due diligence. “How much of your portfolio or how much of your investor base is institutional versus retail? How reliant are you? How are these redemption requests going to impact your portfolio?” Kencel said, noting these were among the first questions he received during recent meetings with institutional investors in Asia. The divide between institutional and retail backing is becoming a critical differentiator in the market. Kencel pointed out that some managers have raised capital that is 60% retail, making them vulnerable when investors seek liquidity. By contrast, Churchill’s portfolios are 96% institutional and only 4% retail, positioning them more favorably amid the current pressures. Private wealth platforms overseeing retail capital are now becoming more selective, increasingly seeking managers with significant institutional validation. This shift is creating new opportunities for historically institutional managers to expand into the retail space while redemption-heavy competitors step back from the market. The pressures are creating favorable conditions for core middle-market lenders like Churchill. Kencel noted that spreads are widening by 25 to 50 basis points for new loans, and “the runway of opportunities expands… since you have pressure on kind of the large cap and the private credit managers that focused on those large cap names.” External factors are also shaping the outlook, with Middle East insta...
The biggest near-term risk for stocks may be rising interest rates — not oil. Higher bond yields and increased expectations for tighter monetary policy are putting pressure on stock valuations, which have already dropped due to rising energy prices. This could be because markets have priced in a scenario where oil supply is constrained but does not trigger a recession, according to Morgan Stanley ...
The biggest near-term risk for stocks may be rising interest rates — not oil. Higher bond yields and increased expectations for tighter monetary policy are putting pressure on stock valuations, which have already dropped due to rising energy prices. This could be because markets have priced in a scenario where oil supply is constrained but does not trigger a recession, according to Morgan Stanley chief U.S. equity strategist Michael Wilson. He said there is growing evidence the S & P 500 correction is nearing its ending stages. There has been significant damage "under the surface" in markets with over 50% of the stocks in the Russell 3000 index down more than 20% — bear market territory — while the S & P 500 's forward price-to-earnings multiple for the next 12-months has declined 17%, matching "prior growth scares in the absence of a recession or the Fed hiking," Wilson said in a note to clients. .SPX 3M mountain S & P 500 performance over the past three months He noted the negative correlation between interest rates and stocks, meaning stocks decline in value when yields rise, is about as high as it's been in several years. He cited the 4.5% level in the 10-year Treasury yield as the point where it really begins to affect stock valuations. The "re-pricing of fed funds futures toward a more hawkish outcome" along with higher rates is what Wilson sees as the bigger risk for stocks in the near-term. The 10-year yield climbed as high as 4.48% on Friday before closing at 4.44%, while the S & P 500 closed lower by 1.7%. One basis point equals 0.01%, and yields move inversely to prices. On Monday, the broad index opened 0.5% higher as yields fell. The 10-year yield retreated by 9 basis points to 4.35%, but the S & P 500 index eventually succumbed to higher oil prices closing down by 0.4%. Brent crude, the global benchmark, is pacing for a record monthly gain on 55%. The decrease in yields followed comments from Federal Reserve Chair Jerome Powell during a talk at Harvard...
Eli Lilly (LLY) is bringing artificial intelligence (AI) drugs to the global market in a $2.75 billion deal with Insilico.Defiance ETFs CEO and CIO Sylvia Jablonski and Yahoo Finance Tech Editor discuss.
Eli Lilly (LLY) is bringing artificial intelligence (AI) drugs to the global market in a $2.75 billion deal with Insilico.Defiance ETFs CEO and CIO Sylvia Jablonski and Yahoo Finance Tech Editor discuss.
Although the Trump administration approved Nexstar Media Group’s $6.2 billion purchase of Tegna, a US judge has ordered the two companies to stop integrating their assets and operations. US District Judge Troy Nunley, an Obama appointee, issued a temporary restraining order on Friday prohibiting integration of the companies until further rulings by the court. "Defendants must immediately cease all...
Although the Trump administration approved Nexstar Media Group’s $6.2 billion purchase of Tegna, a US judge has ordered the two companies to stop integrating their assets and operations. US District Judge Troy Nunley, an Obama appointee, issued a temporary restraining order on Friday prohibiting integration of the companies until further rulings by the court. "Defendants must immediately cease all ongoing actions relating to integration and consolidation of Nexstar and Tegna," wrote Nunley, the chief judge in US District Court for the Eastern District of California. Nunley said he agrees with plaintiff DirecTV that immediate integration of the merging firms could eliminate competition, result in newsroom layoffs and shutdowns, and make it more difficult to divest Tegna stations if the court ends up requiring a divestiture after reviewing the merger. DirecTV has established that "the Nexstar-TEGNA merger will substantially lessen competition in markets in which it participates," and that there would be irreparable harm if a restraining order isn't issued, Nunley wrote. Read full article Comments
(RTTNews) - Stocks showed a strong move to the upside in early trading on Monday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory.
(RTTNews) - Stocks showed a strong move to the upside in early trading on Monday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory.