Earnings Call Insights: Mount Logan Capital Inc. (MLCI) Q4 2025 Management View CEO Edward Goldthorpe highlighted the company's transformation in 2025, stating "A year ago, Mount Logan Capital was a Canadian domiciled, IFRS reporting company... Today, we are a U.S. domiciled, NASDAQ-listed, GAAP reporting and investment-grade alternative asset management and insurance solutions platform with $2.1 billion in assets under management." He emphasized the completion of the business combination with 180 Degree Capital and the subsequent strategic focus on growth, including the announced Yieldstreet transaction. Goldthorpe detailed the SOFIX fund's acquisition of Yieldstreet Alternative Income Fund assets, which will nearly double SOFIX net assets by adding over $100 million, noting "We estimate the transaction will increase Mount Logan's FRE by at least $2.8 million annually, more than 30% growth for our 2025 FRE. The transaction is expected to be immediately accretive to our earnings per share once closed." He discussed a $40 million bond offering at an 8% rate, a $15 million tender offer, and a new $10 million share repurchase program through December 2027, as well as a quarterly dividend of $0.03 per share. CFO Nikita Klassen stated, "For the full year 2025, total revenue was $53.6 million, up approximately 8% year-over-year. We reported a post-tax net loss of $60.8 million for the period. These results were primarily driven by nonrecurring and mostly noncash items, including transaction and integration costs related to the business combination, impairment of legacy intangible assets within the Asset Management segment, goodwill impairment within insurance and certain legal expenses." Outlook Management expects the Yieldstreet acquisition to be completed in late Q2 or Q3 2026, with the deal projected to drive "material AUM growth in one of our managed funds and thus increase FRE" (Goldthorpe). Goldthorpe indicated, "We expect the transaction to close in late Q2 or Q3 2...

格隆汇3月20日｜克里姆林宫：由于美以伊冲突，乌克兰问题三边谈判已因局势暂停。俄罗斯希望暂停能结束，并能举行新一轮谈判。

Piyaphorn Promnonsri/E+ via Getty Images Verastem Overview The last time I spoke about Verastem ( VSTM ) it was with a Seeking Alpha article entitled " Verastem: Downgrading To Buy Based On RAMP-203 Setback In Targeting KRAS G12C NSCLC ." With respect to this article, I noted that it had a setback in being able to further advance its phase 1/2 RAMP-203 study targeting G12C KRAS mutant non-small cell lung cancer [NSCLC] patients. That was the bad news; however, the company pivoted over to developing its oral KRAS G12D ON/OFF inhibitor for the treatment of patients with solid tumors in an ongoing phase 1/2 VS-7375-101 study. The dose escalation portion of this drug, VS-7375, continues on at 1200 mg QD [once daily], and the combination portion of 600 mg with cetuximab presses on as well. However, the important update for this program is that it received guidance from the FDA to initiate disease-specific registration-directed phase 2 trials targeting patients with KRAS G12D mutated 2nd-line pancreatic ductal adenocarcinoma [PDAC], 2nd-line/3rd-line non-small cell lung cancer [NSCLC], and 2nd-line colorectal cancer [CRC] in combination with cetuximab. I had placed a "Buy" rating on this stock, and I'm going to stick to this rating because of its ability to initiate such registration-directed phase 2 studies for its VS-7375 candidate. Not only that, but this candidate, known as GFH375, was evaluated in a phase 1/2 monotherapy study in China treating patients with KRAS G12D mutant advanced PDAC. These patients who took the recommended phase 2 dose [RP2D] of 600 mg QD achieved an overall response rate [ORR] of 41% . The beauty of GenFleet is that it already announced that it had initiated a phase 3 registration study of GFH375 for the targeting of pretreated KRAS G12D-mutated metastatic pancreatic cancer patients in China. With all this being said, Verastem is going to release data from its study of VS-7375 treating KRAS G12D mutant solid tumor patients in the 1st half of 2...

Paris, 19 March 2026 AVAILABILITY OF THE 2025 UNIVERSAL REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT Hermès International filed its 2025 Universal Registration Document with the Financial Markets Authority (AMF), on 19 March 2026, in ESEF format. It is available to the public under current regulatory conditions and may be found on finance.hermes.com (under “Investors section” > “Publications” and “Regulated information”) The universal registration document comprises: the annual activity report; the parent company and consolidated financial statements for 2025; the report on sustainability information; the Supervisory Board’s report on the corporate governance; a description of the share buyback programme prepared pursuant to Articles 241-2 and 241-3 of the General Regulation of the Financial Markets Authority ( AMF ); 241-3 of the General Regulation of the Financial Markets Authority ( ); the Supervisory Board’s report to the General Meeting; the Statutory Auditors’ reports on the 2025 parent company accounts and consolidated accounts, on related-party agreements and certain extraordinary resolutions; the Statutory Auditors' report on the certification of sustainability information; the explanatory statement and text of the draft resolutions submitted to the General Meeting of Shareholders convened for 17 April 2026. In accordance with the provisions of Article 222-3 of the General Regulation of the Financial Markets Authority (AMF), the Universal Registration Document includes the 2025 Annual Financial Report. Attachment

RELEASE Paris, March 12, 2026 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French...

Iran no longer has the capacity ⁠to enrich ⁠uranium or make ballistic ⁠missiles after 20 days of US-Israeli air attacks, Israeli Prime Minister Benjamin Netanyahu told a news conference on Thursday. “We are winning, and Iran is being decimated,” Netanyahu said, noting that Iran’s ‌missile and drone arsenal is being massively degraded and will be destroyed. “What we’re destroying now are the factories that produce the components to make these missiles and to make the nuclear weapons that they’re trying to produce,” Netanyahu said. Advertisement Netanyahu did not provide ⁠evidence for his claim that Iran no longer had the capacity to enrich ‌uranium. Iran’s nuclear programme was the focus of mediated talks that ultimately collapsed with the US and Israel launching ‌an air attack on Iran on February 28. Iran has ⁠fired missiles ⁠back at Israel and other Gulf countries while also limiting tankers from using the Strait of Hormuz. 00:52 Iran vows retaliation for death of country’s security chief Ali Larijani Iran vows retaliation for death of country’s security chief Ali Larijani Despite the nearly three-week war, it was still too soon to tell whether Iranians ‌will take ‌to the streets to try to overthrow their government, Netanyahu said.

格隆汇3月20日｜谷歌开始测试Gemini Mac版应用，以与ChatGPT和Claude竞争。

Mizuho Stays Bullish on Palantir Stock (PLTR), Says It is ‘Unlike Anything Else in Software’ TipRanks

Amazon ( AMZN ) founder Jeff Bezos is in the process of raising $100B for a new fund intended to buy up manufacturing and industrial businesses and then upgrade them with artificial intelligence tools, according to The Wall Street Journal . The fund was described as a "manufacturing transformation vehicle," and it intends to buy companies involved in chipmaking, defense, and aerospace, the report said. Bezos has recently traveled to the Middle East and Singapore in his fundraising efforts, according to people familiar with the situation. Late last year, Bezos created an AI startup called Project Prometheus , in which he will serve as co-chief executive. The company is focusing on AI, which will help in engineering and manufacturing in several fields, including computers, aerospace, and automobiles. It started with $6.2B in funding, partly from Bezos, making it one of the most well-financed early-stage start-ups in the world. It also marked Bezos' first major management role since he retired as Amazon's CEO in 2021. Bezos' co-founder and co-chief executive is Vik Bajaj, a physicist and chemist who worked with Google's ( GOOG ) ( GOOGL ) co-founder Sergey Brin at Google's X, a research initiative often called “The Moonshot Factory,” according to the report. Project Prometheus is among various companies focused on applying AI to physical tasks, including robotics, drug design, and scientific discovery. Bezos has also invested in Physical Intelligence, a start-up applying AI to robots. More on Amazon Amazon: Deep Discount Makes Me Greedy Amazon Doesn't Deserve To Trade At These Prices Inside Amazon's AI Power Play Amazon pushes back on USPS claims, says postal service walked away from deal The hyperscalers are ‘too big to fail’ – analyst

格隆汇3月20日｜意大利外长：意大利不会参战。我们的目标是捍卫航行自由和海上贸易。

格隆汇3月20日｜以色列总理内塔尼亚胡：我不确定现在谁在掌控伊朗。穆杰塔巴还没有露面。

Palantir Gains as Mizuho Reiterates Outperform GuruFocus

Theories range from obvious mismatches to Premier League clubs not being able to defend from open play There were 68 goals in the last 16 of the Champions League, which is not only a lot but goes against the trend of the previous four seasons. What’s going on? Has football suddenly become more attacking again? This surely can’t all be down to Premier League sides struggling to defend against teams who don’t just rely on corners but actually attack from open play, can it? An average of 4.25 goals a game is highly unusual, particularly given the recent context. Before 2008-09 there was only one season when the knockout phase of the Champions League yielded more than three goals a game; between 2008-09 and 2019-20 there was only one season when goals per game dipped below three. There then followed four campaigns in which the average did not climb above 2.72 (and in 2022-23, it was as low as 2.34), before bouncing back to 3.29 last season (including the playoff round). The playoff round this season produced 3.94 goals per game – and there were no Premier League teams involved; this is not purely an English issue. Continue reading...

Pfizer (NYSE: PFE) and Moderna (NASDAQ: MRNA) were both leaders in the coronavirus vaccine market. However, as sales of these products have declined significantly in recent years -- due to the pandemic receding and more stringent regulatory oversight regarding who is eligible for the vaccine -- both companies have delivered unimpressive financial results. Pfizer and Moderna are diligently working to launch new products and turn things around. And if their strategies pan out, they could produce strong returns from here on out. But which one has more upside? Image source: Getty Images. Pfizer is by far the larger and better-established drugmaker. With a market cap of $156 billion, the pharmaceutical leader boasts a deep product portfolio across several therapeutic areas. Even with a slowdown in covid-related sales, Pfizer generates over $60 billion in annual revenue. It also has a deep pipeline that should make meaningful progress this year and the next, even as the company encounters patent cliffs in the coming years, including that of its anticoagulant, Eliquis. Even though pipeline and regulatory progress could jolt the stock, larger drugmakers are less likely to experience significant price swings amid ongoing clinical developments. That's why Moderna may have more upside. Continue reading

格隆汇3月20日｜美国财政部宣布签发一项新的俄罗斯相关通用许可证，其中提到，将允许交付和销售在3月12日之前已装载至船只的俄罗斯原产原油及石油产品（此前仅限原油），该授权有效期持续至美东时间2026年4月11日00:01为止。

HelloFresh SE press release ( HLFFF ): FY net loss of €92.9M. Revenue of €6.76B (-11.7% Y/Y). More on HelloFresh SE Historical earnings data for HelloFresh SE Financial information for HelloFresh SE

美国批准部分俄罗斯原油的交付与销售 2026-03-20 03:29:21 来源： 同花顺7x24快讯 分享 文章提及标的 原油 -- 美原油 -- 美国批准部分俄罗斯原油的交付与销售。国际油价直线跳水，美油主力合约跌超3%，跌破93美元/桶。

Tesla shares have been less volatile than usual as investors wait to see the early results of Elon Musk’s forays into robotaxis and chip making.

Muslim leaders have condemned Nigel Farage’s call to ban public prayer by Muslims in the UK as bigoted and warned of a “growing tide of hate” after the Conservative leader, Kemi Badenoch, questioned whether the events fitted “within the norms of British culture”. Farage was speaking at the launch of Reform UK’s manifesto for the forthcoming Scottish parliament elections when he made the remarks. He described as “a wake up call and a warning to everybody” an event in Trafalgar Square earlier this week where hundreds of Muslims and people of other faiths prayed together, before the celebration of Eid. He said the event, organised by the Ramadan Tent Project and attended by Sadiq Khan, London’s mayor, was “an open, deliberate, wilful attempt, not at the private observance of a different religion, but the attempt to overtake, intimidate and dominate our way of life”. The event has happened in the historic square in central London five times before without incident or previous controversy. Asked by a reporter if he would like to see such events banned in future, he replied: “We wouldn’t want to stop individuals praying but mass prayer is banned in many Muslim countries in the Middle East itself. So, yes, we have to stop this kind of mass demonstration, provocative demonstration, in historic British sites.” Such restrictions vary from country to country, and could be related to political or religious tensions or public safety. The former first minister and SNP MSP Humza Yousaf said: “Nigel Farage seems to have no issues with Christian prayer, Hannukah, Vaisakhi or Diwali all being celebrated in Trafalgar Square. He only has a problem with Muslims praying. There is a word for that, bigotry.” Yousaf, the UK’s first Muslim first minister, added: “While I have come to expect nothing less from a charlatan like Nigel Farage, I am angry and disappointed that such rhetoric has been mainstreamed from the likes of Nick Timothy MP, a member of His Majesty’s opposition.” Badenoch bac...

由于对人工智能的担忧，Figma今年的股价下滑趋势在过去两天内加剧，此前 谷歌 推出了一款AI驱动的设计产品。 周二，谷歌发布了一款名为Stitch的测试版新产品，允许用户输入提示来为其项目创建设计。谷歌称该功能是一个“设计代理”，可以提供实时设计评论，并能响应语音指令。 谷歌对Stitch既不收费，也未对该服务的可用性做出承诺。但随着华尔街对所有来自AI的潜在威胁保持警惕，Figma正因此受到冲击。 Figma股价周三下跌8%，周四进一步下跌逾3%。该股今年已累计下跌约35%，与软件行业的广泛跌势同步。 Figma的一位代表拒绝置评。 Figma于7月上市，向投资者保证，随着更多用户转向使用AI产品进行设计，公司处于有利地位。 Adobe 曾在2023年试图收购Figma，但最终因监管障碍终止了这项原计划200亿美元的交易。 Adobe股价过去两天下跌约4%。 如果谷歌未来向付费客户推出其新功能，这可能意味着该公司试图占据更多产品设计工作流程，并将用户留在其企业生态系统内。该公司资金雄厚，拥有巨大的分销渠道，并愿意捆绑销售产品。 谷歌未立即回应置评请求。 10月，谷歌云与Figma宣布扩大合作伙伴关系，将更多谷歌的生成式AI技术整合到Figma平台中。Figma Make工具允许用户输入几个词，并使用来自Anthropic和谷歌的AI模型。 责任编辑：张俊 SF065

Itafos press release ( IFOS:CA ): Q4 Basic earnings 1 of C$0.14/share in Q4 2025 compared to C$0.22/share in Q4 2024 Revenues of $142.6 million in Q4 2025 compared to $138.2 million in Q4 2024; Adjusted EBITDA 1 of $38.7 million in Q4 2025 compared to $45.5 million in Q4 2024; Net income of $19.2 million in Q4 2025 compared to $29.6 million in Q4 2024; Free cash flow 1 of $13.9 million in Q4 2024 compared to $17.1 million in Q4 2024. The company's guidance for 2026 is as follows (as announced in the Company news release dated February 11, 2026): (in millions of US Dollars Projected except as otherwise noted) FY 2026 Sales Volumes (thousands of tonnes P 2 O 5 ) 3 335-355 Corporate selling, general and administrative expenses 4 $16-20 Maintenance capex 4 $23-33 Growth capex 4 $63-83 Environmental and asset retirement obligations payments $25-30 Click to enlarge More on Itafos Historical earnings data for Itafos Financial information for Itafos

Hecla Mining (HL 5.16%) has been one of the hardest-hit precious metals stocks in recent weeks, losing nearly 50% value from its late-January 52-week high of $34.17 per share. The sell-off continued today, with the stock plunging 12% in early Thursday morning trading to a low of $16.25 per share, a level it last saw in December 2025. Hecla is the largest silver producer in the U.S. and Canada, with annual production that outpaces its nearest rival by nearly 90%. The sheer size of its operations makes Hecla highly sensitive to silver prices, and that pretty much explains why the stock is in a free fall despite delivering record numbers in 2025. The big silver fall Silver plummeted by more than 10% on March 19 to below $67 per ounce, levels last seen in December 2025. That's a sharp reversal from the near-$115 levels silver was trading at just a few weeks ago. The Federal Reserve kept interest rates unchanged at its meeting on Wednesday amid stubborn inflation and surging oil and gas prices. Brent crude oil jumped 7% early Thursday to over $114 per barrel on supply disruptions from the Middle East. Silver is often viewed as a safe-haven asset and a hedge against inflation and economic uncertainty. Ironically, its price is still going down, not up, despite an ongoing war. Expand NYSE : HL Hecla Mining Today's Change ( -5.16 %) $ -0.95 Current Price $ 17.55 Key Data Points Market Cap $12B Day's Range $ 16.25 - $ 17.88 52wk Range $ 4.46 - $ 34.17 Volume 1.2M Avg Vol 26M Gross Margin 40.87 % Dividend Yield 0.08 % One reason is that high oil prices, driven by geopolitical conflicts, are putting upward pressure on inflation, forcing central banks to delay interest rate cuts. High interest rates make other assets, like bonds, more appealing, while non-yielding assets, like silver, become less attractive. Also, oil price shocks have triggered fears of an economic slowdown, which could hurt silver's industrial demand. Silver prices are reflecting the fears. Should you buy Hecl...

Key Points Hecla Mining is shifting focus to its core silver assets and is about to sell a gold mine. Plunging silver prices, however, have sent the Hecla stock into a tailspin. 10 stocks we like better than Hecla Mining › Hecla Mining (NYSE: HL) has been one of the hardest-hit precious metals stocks in recent weeks, losing nearly 50% value from its late-January 52-week high of $34.17 per share. The sell-off continued today, with the stock plunging 12% in early Thursday morning trading to a low of $16.25 per share, a level it last saw in December 2025. Hecla is the largest silver producer in the U.S. and Canada, with annual production that outpaces its nearest rival by nearly 90%. The sheer size of its operations makes Hecla highly sensitive to silver prices, and that pretty much explains why the stock is in a free fall despite delivering record numbers in 2025. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The big silver fall Silver plummeted by more than 10% on March 19 to below $67 per ounce, levels last seen in December 2025. That's a sharp reversal from the near-$115 levels silver was trading at just a few weeks ago. The Federal Reserve kept interest rates unchanged at its meeting on Wednesday amid stubborn inflation and surging oil and gas prices. Brent crude oil jumped 7% early Thursday to over $114 per barrel on supply disruptions from the Middle East. Silver is often viewed as a safe-haven asset and a hedge against inflation and economic uncertainty. Ironically, its price is still going down, not up, despite an ongoing war. One reason is that high oil prices, driven by geopolitical conflicts, are putting upward pressure on inflation, forcing central banks to delay interest rate cuts. High interest rates make other assets, like bonds, more appealing, while non-yielding assets, like silve...

Retail investors are cherry picking which companies to buy, as they spend less money overall, according to a new J.P. Morgan report.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Ever since Covid, I’ve really come to appreciate two things. One is that the physical still matters. To an extent, we’re all still prisoners of geography (which is a great book , by the way) and hydrocarbons. The second, related thing is that time really matters. What we’re experiencing now with the Iran War is a massive mismatch of timelines. It takes minutes to destroy energy infrastructure, and months — if not years — to rebuild it. That became pretty clear today, after QatarEnergy’s CEO said it will take three to five years to repair the LNG export capacity damaged by Iranian missile strikes overnight (in response to an earlier Israeli bombing Iranian energy assets in the South Pars). So timeframes matter a lot right now. Each successive day of the Iran conflict now generates months of impact on the global economy. And the longer it takes the world to adapt to a new reality of reduced Gulf oil flows, the longer and deeper the pain. Speaking of which, there is still an idea out there that the US is insulated from energy shocks. There’s some truth to this, but for one thing, most Americans are not in the energy business, and so an oil shock mostly shows up in the form of higher gasoline prices. And while we do have a strategic petroleum reserve, actually releasing barrels from it takes longer than you might think. So tapping the SPR is arguably more valuable as a signal to the market than an instant relief valve for prices....

Netflix (NASDAQ:NFLX) is sliding 3% in midday trading on March 19, pulling below $92 from a prior close of $94.70. The retreat follows a blistering 23.2% run over the past month, and today looks like the market catching its breath. NFLX shares are slightly positive on the year, up just 2.4% year-to-date despite fundamentals that ... Netflix Retreats: The Streaming Giant Faces Its Toughest Balancing Act Yet

This article first appeared on GuruFocus. Apple (AAPL, Financials) reported strong smartphone sales in China to start 2026, despite an industry slowdown. Counterpoint Research showed 23% sales increase in the first nine weeks of the year, while China's smartphone market decreased 4%.In a low-demand market, the performance is significant. Apple's outperformance is highlighted by government subsidies that failed to restore sales trends earlier this year.E-commerce discounts and governmental subsidies on the base iPhone 17 caused the hikes. These qualities helped Apple attract price-sensitive customers when competitors boosted pricing.Scale of Apple's supply chain also matters. Unlike competitors, the company has absorbed certain memory chip price increases. Apple has kept prices the same while Oppo and Vivo have raised several models.This pricing stability may help Apple gain market share, especially when competitors test customer willingness to pay despite cost limits. Huawei may benefit from local component procurement in lower-priced areas.Due to the mid-year 618 shopping festival, the Chinese smartphone sector may recover in spring. Whether Apple can retain momentum when competitive pricing and demand alter will be its next trigger.

恒生指数主日夜盘收跌 2026-03-20 03:26:06 来源： 同花顺7x24快讯 分享 文章提及标的 恒生指数 -- 恒生科技 -- 恒生指数主日夜盘收跌0.59%，报25312点；恒生科技（159740）指数主日夜盘收跌1.08%，报4938点。

Jeff Bezos aims to raise $100 billion to buy, revamp manufacturing firms with AI, WSJ reports Reuters

The war in the Middle East is reshaping the world’s energy supply chains, but perhaps nowhere else the change may be as dramatic as on LNG markets. The U.S., the world’s top LNG exporter, could step into the breach.