YayaErnst The US Supreme Court on Monday declined to hear a challenge by Eli Lilly ( LLY ) to a whistleblower law that permits individuals to file fraud lawsuits on behalf of the federal government. The origins of Lilly's challenge began in 2014 with a lawsuit brought by Ronald Streck, who accused the pharma giant of not giving the full amount of drug rebates to Medicaid. Streck, both a pharmacist...
YayaErnst The US Supreme Court on Monday declined to hear a challenge by Eli Lilly ( LLY ) to a whistleblower law that permits individuals to file fraud lawsuits on behalf of the federal government. The origins of Lilly's challenge began in 2014 with a lawsuit brought by Ronald Streck, who accused the pharma giant of not giving the full amount of drug rebates to Medicaid. Streck, both a pharmacist and a lawyer, sued using the False Claims Act and specifically a part known as "qui tam," which permits private individuals to get a cut of any damages awarded, according to Reuters . A $183 million judgment was awarded in the case. A request for comment from Lilly has yet to be returned to Seeking Alpha. More on Eli Lilly Eli Lilly: 'Strong Buy' Raised Revenue Guidance By $2 Billion For 2026 And Label Expansions Eli Lilly: No Big Gap To Competition Eli Lilly and Company 2026 Q1 - Results - Earnings Call Presentation FDA leadership fallout continues as acting CDER Director Hoeg departs Biopharmas look to China, elsewhere for partnerships, R&D
The tech trial of the year, Musk v. Altman , was ultimately a fight for control. Elon Musk argued that Sam Altman, with whom he helped found the now-massive company OpenAI, shouldn't direct the future of AI. Altman's lawyers, in turn, poked at Musk's own credibility. A jury came to a verdict on Monday after just two hours of deliberation, dismissing Musk's claims due to the statute of limitations....
The tech trial of the year, Musk v. Altman , was ultimately a fight for control. Elon Musk argued that Sam Altman, with whom he helped found the now-massive company OpenAI, shouldn't direct the future of AI. Altman's lawyers, in turn, poked at Musk's own credibility. A jury came to a verdict on Monday after just two hours of deliberation, dismissing Musk's claims due to the statute of limitations. In a strictly legal sense, three weeks of testimony added up to nothing. But the trial offered a more damning broader takeaway: Almost nobody in this saga seems worth trusting . Some of the most powerful people in tech seem temperamentally incapable … Read the full story at The Verge.
The Corporate Energy Buyers Association (CEBA) is pleased to announce Mike Mattera, Director of Corporate Sustainability at Akamai Technologies, as its new board chair, where he will take a leading role in shaping the organization's strategic vision to drive decarbonization across global electricity markets.
The Corporate Energy Buyers Association (CEBA) is pleased to announce Mike Mattera, Director of Corporate Sustainability at Akamai Technologies, as its new board chair, where he will take a leading role in shaping the organization's strategic vision to drive decarbonization across global electricity markets.
62-year-old Social Security beneficiaries aren't known for getting the largest monthly checks, but their benefits are slowly improving. The maximum Social Security check for the youngest retirement beneficiaries has reached a record high of $2,969 per month in 2026. But it's important not to look at this and assume that you'll get this much when you're ready to sign up for the program. Here's a cl...
62-year-old Social Security beneficiaries aren't known for getting the largest monthly checks, but their benefits are slowly improving. The maximum Social Security check for the youngest retirement beneficiaries has reached a record high of $2,969 per month in 2026. But it's important not to look at this and assume that you'll get this much when you're ready to sign up for the program. Here's a closer look at why and how to estimate how much you'll actually qualify for. Image source: Getty Images. Continue reading
Scott Barbour/Getty Images News Shell ( SHEL ) up 3.7% in Monday's trading as HSBC upgraded the multinational oil and gas company to Buy from Hold, reflecting higher cash flow estimates and improved medium-term upstream growth visibility following the $16.4B ARC Resources deal . HSBC analyst Kim Fustier sees the ARC acquisition as an important strategic development that meaningfully improves upstr...
Scott Barbour/Getty Images News Shell ( SHEL ) up 3.7% in Monday's trading as HSBC upgraded the multinational oil and gas company to Buy from Hold, reflecting higher cash flow estimates and improved medium-term upstream growth visibility following the $16.4B ARC Resources deal . HSBC analyst Kim Fustier sees the ARC acquisition as an important strategic development that meaningfully improves upstream longevity and growth visibility, adding ~370K boe/day of production and 2B boe of 2P reserves, lifting Shell’s ( SHEL ) production compound annual growth rate to ~4% through 2030 and addressing a structural concern around reserve life; also, the dilution from 228M new shares should be absorbed within 3-4 quarters at the revised buyback pace post-close. Middle East volume headwinds are significant but mitigated by diversification and growth elsewhere, Fustier says; Shell ( SHEL ) assumes no Qatari liquefied natural gas or gas-to-liquids volumes for Q2, implying a sharp Q/Q volume decline, but LNG Canada should more than offset the Middle East impact on LNG sales on a FY 2026 basis under a base case of a gradual reopening of the Strait of Hormuz. The analyst views Shell’s ( SHEL ) respective 9% and 14% discount compared to TotalEnergies on an estimated 2026 and 2027 enterprise value-to-debt-adjusted cash flow basis as unwarranted given the company's higher distribution yield, lower Middle East exposure, and narrowing gap on upstream visibility. HSBC also raised Repsol ( REPYF ) REPYY) to Buy from Hold, believing the Spanish company is on track to see resilient growth in production and cash flow from its upstream portfolio in the coming years. More on Shell Shell Consolidates Its Upstream And LNG Position With ARC Resources Acquisition Shell: Refocusing WIll Take Time (Probably A Few Years) Shell Q1 2026 Earnings Call Presentation
President Donald Trump will host the swearing-in of Kevin Warsh as Federal Reserve chair at the White House on Friday, according to several media reports. The location and the president's presence at the event indicate his keen interest in the appointment. The Wall Street Journal said it received the information from a White House official. Trump did not attend the 2018 ceremony for Warsh's predec...
President Donald Trump will host the swearing-in of Kevin Warsh as Federal Reserve chair at the White House on Friday, according to several media reports. The location and the president's presence at the event indicate his keen interest in the appointment. The Wall Street Journal said it received the information from a White House official. Trump did not attend the 2018 ceremony for Warsh's predecessor Jerome Powell. Recently, Fed chairs are sworn in at ceremonies held at the central bank. The last Fed head to be sworn in at the White House was Alan Greenspan in 1987. Ben Bernanke's swearing-in in 2006 was the last one attended by a president, George W. Bush. Bernanke was the chairman of the White House Council of Economic Advisers. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the US Economy As Inflation Heats Up, The Bond Market Loses Its Cool Bond vigilantes return as inflation, deficits hammer long-end debt Odds Of Stagflation Increasing Rapidly U.S. federal debt hits 100% of GDP, but Washington keeps spending
On May 15, 2026, 1607 Capital Partners reported selling 1,279,272 shares of Nuveen Municipal Value Fund (NYSE:NUV) , an estimated $11.68 million trade based on quarterly average pricing. The fund targets tax-advantaged income through a diversified portfolio of investment-grade municipal bonds. According to a filing with the Securities and Exchange Commission dated May 15, 2026, 1607 Capital Partne...
On May 15, 2026, 1607 Capital Partners reported selling 1,279,272 shares of Nuveen Municipal Value Fund (NYSE:NUV) , an estimated $11.68 million trade based on quarterly average pricing. The fund targets tax-advantaged income through a diversified portfolio of investment-grade municipal bonds. According to a filing with the Securities and Exchange Commission dated May 15, 2026, 1607 Capital Partners reduced its position in Nuveen Municipal Value Fund by 1,279,272 shares during the first quarter of 2026. The estimated transaction value for these shares was $11.68 million based on the average unadjusted closing price for the quarter. The value of the position at quarter-end declined by $11.63 million, reflecting both sales and price changes. Nuveen Municipal Value Fund is a closed-end fund specializing in investment-grade municipal bonds, managed by Nuveen Fund Advisors and Nuveen Asset Management. The fund leverages fundamental analysis and a bottom-up approach to identify undervalued municipal securities, aiming to provide consistent, tax-exempt income. Its strategy is designed to appeal to investors seeking reliable income streams with a focus on capital preservation within the U.S. municipal bond market. Continue reading
JHVEPhoto/iStock Editorial via Getty Images Thesis Update In my article , I rated QuantumScape Corporation ( QS ) a Buy prior to the QSE-5 B1 sample shipments that mark a commercialization inflection and the PowerCo licensing deal. Six months on, QuantumScape was burning cash faster than anticipated and missed guidance, even as it generated its first real licensing revenue. I still remain cautious...
JHVEPhoto/iStock Editorial via Getty Images Thesis Update In my article , I rated QuantumScape Corporation ( QS ) a Buy prior to the QSE-5 B1 sample shipments that mark a commercialization inflection and the PowerCo licensing deal. Six months on, QuantumScape was burning cash faster than anticipated and missed guidance, even as it generated its first real licensing revenue. I still remain cautiously optimistic about the Company based on some fundamental improvements: Q1 2026 customer billings of $11.0M represent 56% of all full-year 2025 billings ($19.5M) in a single quarter, which is a billings acceleration that the guidance-focused selloff has almost entirely obscured. The Eagle Line, inaugurated February 4, 2026, is now producing QSE-5 cells at pilot scale. And QS has made two board-level appointments with explicit defense credentials in the span of six weeks. While I am downgrading to Hold from Buy because of the increased risks, my thesis is that the market is pricing in the bearish scenario, and investors should keep a close view on the Company and its milestones Eagle Line Is Where Factory Validates The Science If the Eagle Line can produce QSE-5 cells at automated pilot-line scale with electrochemical performance consistent with lab-scale benchmarks, then the central bear argument that "QuantumScape's separator chemistry cannot survive the transition from lab to factory floor" is definitively falsified, and the licensing model's economics become real rather than theoretical. The dominant short thesis against QS for the past years has not been that the Cobra separator chemistry is wrong. Every serious skeptic acknowledges the electrochemical data . The objection has always been manufacturability: whether a process requiring sub-micron ceramic film deposition can be executed at the throughput, yield, and cost required to be commercially relevant. Eagle Line is therefore QuantumScape's direct, on-the-record answer to that objection. QuantumScape The line's spec...
Nvidia CEO Jensen Huang said on Monday that he believes China's market will open up to U.S. chip suppliers after accompanying U.S. President Donald Trump on a trip to China last week. Nvidia has received licenses from the U.S. government to sell its H200 chips but has not received approval from Chinese officials who are fostering China's own chip suppliers. Trump's talks with Chinese Pre...
Nvidia CEO Jensen Huang said on Monday that he believes China's market will open up to U.S. chip suppliers after accompanying U.S. President Donald Trump on a trip to China last week. Nvidia has received licenses from the U.S. government to sell its H200 chips but has not received approval from Chinese officials who are fostering China's own chip suppliers. Trump's talks with Chinese President Xi Jinping produced no immediate breakthrough for Nvidia to sell H200 chips.
Japan’s Finance Minister Satsuki Katayama indicated she will take into account the bond market as the government considers how to fund new spending to address the adverse impacts of Middle East conflict on the economy. “Given the situation in the Middle East, we must be fully prepared from the standpoint of minimizing risks,” Katayama told reporters Monday in Paris after attending a meeting of Gro...
Japan’s Finance Minister Satsuki Katayama indicated she will take into account the bond market as the government considers how to fund new spending to address the adverse impacts of Middle East conflict on the economy. “Given the situation in the Middle East, we must be fully prepared from the standpoint of minimizing risks,” Katayama told reporters Monday in Paris after attending a meeting of Group of Seven finance ministers. “Minimizing risks also involves the markets. The overall financial markets are themselves one of the risks.” The remarks follow Prime Minister Sanae Takaichi ’s 180-degree turnaround Monday toward compiling an extra budget, helping send super long bond yields to a fresh record high. Katayama gave little for traders searching for clear hints for the scale of new spending and how it will be funded in the nation with the world’s largest public debt burden among developed countries. “In a sense, the Prime Minister’s directive is for us to comprehensively assess the situation and consider measures to secure funding, and that is what we intend to do,” Katayama said without answering a question on whether the government will need to issue new government bonds. Takaichi wants to reinstate energy subsidies this summer and ensure lower household energy bills than last year’s. The likely supplementary budget is expected to fund emergency relief measures rather than provide economic stimulus, Bloomberg News reported earlier. Japan’s 30-year government bond yield jumped Monday, touching its highest level since the bond was first introduced in 1999. The yields for a benchmark 10-year bonds and 20-year note also spiked, reaching the highest level since 1996. “Investor fears are pretty deep-rooted,” said Kazuhiro Sasaki, head of research at Phillip Securities Japan. “There are worries that the fiscal situation could deteriorate if the government issues a supplementary budget.”
Description: Bloomberg's Joel Weber puts Scarlet Fu and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)
Description: Bloomberg's Joel Weber puts Scarlet Fu and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)