Stock futures edged up Wednesday premarket while oil slumped 16% after the U.S., Iran, and Israel agreed to a two-week ceasefire for negotiations, with President Trump delaying planned strikes and calling it a "double-sided ceasefire." Here are some of Wednesday's biggest stock movers: Biggest stock gainers Delta Air Lines ( DAL ) +11% – Airline stocks surged after the U.S. and Iran agreed to a tw...
Stock futures edged up Wednesday premarket while oil slumped 16% after the U.S., Iran, and Israel agreed to a two-week ceasefire for negotiations, with President Trump delaying planned strikes and calling it a "double-sided ceasefire." Here are some of Wednesday's biggest stock movers: Biggest stock gainers Delta Air Lines ( DAL ) +11% – Airline stocks surged after the U.S. and Iran agreed to a two-week ceasefire, easing concerns over potential disruptions in the Strait of Hormuz and triggering a sharp decline in Brent crude oil prices, which fell as much as 16% before stabilizing near $94/barrel. The relief rally lifted fuel-sensitive airline stocks, including American Airlines ( AAL ), United Airlines ( UAL ), Southwest Airlines ( LUV ), and JetBlue Airways ( JBLU ), in the range of 7% to 10%, as lower fuel costs improve margin outlook following weeks of pressure from rising oil prices amid escalating Middle East tensions. Levi Strauss ( LEVI ) +10% – Shares jumped after a strong Q1 beat, with consolidated revenue up 14% Y/Y and 9% on an organic basis, driven by broad-based growth across regions, including the Americas (+9%), Europe (+24%), and Asia (+13%), while the Beyond Yoga segment stood out with 23% organic growth. Direct-to-consumer sales also remained a key driver, increasing 16% Y/Y. The company guided for full-year revenue growth of 5.5%–6.5% with EPS of $1.42–$1.48 (vs. $1.46 consensus), alongside announcing that Harmit Singh will remain CFGO until a successor is named before transitioning to a special advisor role. Diebold Nixdorf ( DBD ) +5% – Shares advanced after it was announced the company will replace Sealed Air ( SEE ) in the S&P SmallCap 600 effective before trading opens on April 10, following Sealed Air’s pending acquisition by Clayton, Dubilier & Rice, which is expected to close on April 9. Biggest stock losers Tamboran Resources ( TBN ) -23% – Shares plunged after the company priced a public offering of ~2.96M shares at $35.00 each to raise...
Welcome to Going Private . I’m Erin Fuchs , and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at a squishy metric used by a lot of AI firms achieving sky-high valuations. But first, we’re digging into what a surge of redemption requests in retail private credit funds means for the industry, and how so...
Welcome to Going Private . I’m Erin Fuchs , and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at a squishy metric used by a lot of AI firms achieving sky-high valuations. But first, we’re digging into what a surge of redemption requests in retail private credit funds means for the industry, and how some money managers are trying to capitalize on the attempted exodus. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net ‘Prudent Stewardship’ Waves of redemption requests keep hitting non-traded business development companies, a type of private credit fund for retail investors, spurring Moody’s Ratings to revise its outlook on them to negative from stable. Barings Private Credit Corp. was one of the latest, with investors asking to pull 11.3% of the shares in the first quarter, my colleague Olivia Fishlow reported . Such funds typically cap redemptions at 5% of shares, and Barings opted to stick to that limit — even though some competitors have accommodated more requests lately in an attempt to soothe skittish investors. In capping withdrawals at 5%, Barings cited the need to exercise “prudent stewardship” with investors’ money. Redemption requests in BDCs began to spike this year amid growing doubts about private credit and following several high-profile collapses of indebted firms in 2025. Investors also got jitters over the funds’ exposure to the software industry, which faces an existential threat from the rise of artificial intelligence. The attempted pullback by retail investors raises questions about the suitability of such products for clients whose views can be swayed by the vagaries of the news cycle. And unlike big institutional investors, retail clients might be more inclined to redeem their cash to cover unexpected expenses. In good times, an investor could likely exit a BDC relatively easily. But it’s a probl...
The sportswear giant says it’s aware of the strange seam on some of the new shirts, and is looking into how to address it When Nike rolled out their collection of World Cup kits in late March, fans and pundits alike largely approved. The US men’s national team got arguably their most distinctive pair of shirts in decades, while other federations – France, Canada and Nigeria among them – earned str...
The sportswear giant says it’s aware of the strange seam on some of the new shirts, and is looking into how to address it When Nike rolled out their collection of World Cup kits in late March, fans and pundits alike largely approved. The US men’s national team got arguably their most distinctive pair of shirts in decades, while other federations – France, Canada and Nigeria among them – earned strong reviews. This month, when players took the field in the kits for the first time, many fans couldn’t help but become fixated on one singular detail of the new shirts: a somewhat unsightly bulge along the shoulder seam. Continue reading...
Local elections have led to a surge of racism in a country that still struggles to see itself as anything other than white Saint-Denis is just over 9km from the centre of Paris but is in the poorest department in all of metropolitan France, a region marked by unemployment, low incomes and social disadvantage. But Saint Denis’s town hall was the backdrop to memorably joyous celebrations on the even...
Local elections have led to a surge of racism in a country that still struggles to see itself as anything other than white Saint-Denis is just over 9km from the centre of Paris but is in the poorest department in all of metropolitan France, a region marked by unemployment, low incomes and social disadvantage. But Saint Denis’s town hall was the backdrop to memorably joyous celebrations on the evening of 15 March. A delirious crowd carried the new mayor shoulder high, chanting his name over and over. Bally Bagayoko who led a leftwing list uniting the radical left party, La France Insoumise (LFI), and the Communist party pulled off a remarkable feat, decisively winning the second biggest city in the Paris (Île-de-France) region in the first of two rounds. He was the only French mayoral candidate representing a population of more than 150,000 not to require a runoff contest. For the first time, Saint-Denis, which is home to 130 nationalities , has a mayor who reflects its community – a child of the city and the son of Malian immigrants. Rokhaya Diallo is a writer, journalist, film director, activist and Guardian Europe columnist. Continue reading...
Prosecutors have argued Jasveen Sangha should receive a 15-year sentence for her role in the actor’s death Jasveen Sangha, who pleaded guilty last year to selling a fatal dose of ketamine to actor Matthew Perry , is expected to be sentenced on Wednesday. Known as the “ Ketamine Queen ”, Sangha is the fifth defendant to take a plea deal and admit guilt in the case. Federal prosecutors say she shoul...
Prosecutors have argued Jasveen Sangha should receive a 15-year sentence for her role in the actor’s death Jasveen Sangha, who pleaded guilty last year to selling a fatal dose of ketamine to actor Matthew Perry , is expected to be sentenced on Wednesday. Known as the “ Ketamine Queen ”, Sangha is the fifth defendant to take a plea deal and admit guilt in the case. Federal prosecutors say she should receive a 15-year sentence for her role in Perry’s death and that of another individual, citing the “far-reaching scope of defendant’s illegality [and] her callous response to the deaths she helped cause”. Continue reading...
In an act transcending politics, tens of thousands successfully banded together to make the case against executing Charles ‘Sonny’ Burton in Alabama With all of his appeals exhausted, Charles “Sonny” Burton had already chosen the last meal he would have before being put to death by nitrogen gas at Alabama ’s Holman correctional facility: barbecue chicken, banana cake with ice cream, and sweet tea ...
In an act transcending politics, tens of thousands successfully banded together to make the case against executing Charles ‘Sonny’ Burton in Alabama With all of his appeals exhausted, Charles “Sonny” Burton had already chosen the last meal he would have before being put to death by nitrogen gas at Alabama ’s Holman correctional facility: barbecue chicken, banana cake with ice cream, and sweet tea – all things he hadn’t been able to enjoy in years with his diabetes. The writing seemed to be on the wall. His fate was in the hands of Kay Ivey, Alabama’s governor and a staunch supporter of capital punishment who has presided over more than 25 executions – more than any other Alabama governor since the death penalty was reinstated in 1976. Her office had been repeating the same line for weeks: “Governor Ivey has no plans to grant clemency.” But on the morning of 10 March, just two days before Sonny was to be put to death, Ivey commuted his sentence to life without parole. Continue reading...
The People’s Liberation Army division responsible for the East China Sea and the Taiwan Strait carried out a decontamination exercise amid targeting of Iranian nuclear facilities by the United States and Israel. A recent training exercise at an Eastern Theatre Command naval base included an emergency response to a simulated nuclear attack, according to a report on Tuesday by state broadcaster CCTV...
The People’s Liberation Army division responsible for the East China Sea and the Taiwan Strait carried out a decontamination exercise amid targeting of Iranian nuclear facilities by the United States and Israel. A recent training exercise at an Eastern Theatre Command naval base included an emergency response to a simulated nuclear attack, according to a report on Tuesday by state broadcaster CCTV, which did not specify the time or location of the drill. The exercise focused on rapid detection...
The Russian military is once again hacking home and small office routers in widespread operations that send unwitting users to sites that harvest passwords and credential tokens for use in espionage campaigns, researchers said Tuesday. An estimated 18,000 to 40,000 consumer routers, mostly those made by MikroTik and TP-Link, located in 120 countries were wrangled into infrastructure belonging to A...
The Russian military is once again hacking home and small office routers in widespread operations that send unwitting users to sites that harvest passwords and credential tokens for use in espionage campaigns, researchers said Tuesday. An estimated 18,000 to 40,000 consumer routers, mostly those made by MikroTik and TP-Link, located in 120 countries were wrangled into infrastructure belonging to APT28, an advanced threat group that’s part of Russia’s military intelligence agency known as the GRU, researchers from Lumen Technologies' Black Lotus Labs said . The threat group has operated for at least two decades and is behind dozens of high-profile hacks targeting governments worldwide. APT28 is also tracked under names including Pawn Storm, Sofacy Group, Sednit, Tsar Team, Forest Blizzard, and STRONTIUM. Technical sophistication, tried-and-true techniques A small number of routers were used as proxies to connect to a much larger number of other routers belonging to foreign ministries, law enforcement, and government agencies that the APT wanted to spy on. The group then used its control of routers to change DNS lookups for select websites, including, Microsoft said , domains for the company’s 356 service. Read full article Comments
In this article WMT AMZN TGT HD BBWI AEO EL COST NKE UAA Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 12:21 12:21 How the Navy's retail business is working to pull off a turnaround Digital Original In the rural plains of Northern Poland, at a remote base surrounded by farmland and pine forest, some 150 U.S. Navy sailors have a small slice of comfort through the Navy Exchange Min...
In this article WMT AMZN TGT HD BBWI AEO EL COST NKE UAA Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 12:21 12:21 How the Navy's retail business is working to pull off a turnaround Digital Original In the rural plains of Northern Poland, at a remote base surrounded by farmland and pine forest, some 150 U.S. Navy sailors have a small slice of comfort through the Navy Exchange Mini Mart, a place for familiar snacks, hygiene products and the household brands many of them knew growing up. One of hundreds of retail stores the Navy operates globally through the Navy Exchange Service Command, or Nexcom, the convenience store in Redzikowo doesn't make much money. But it's part of a sprawling system that plays a critical role in retention, morale and ultimately, U.S. national security by funneling profits into programs that support sailors and their families. Now, that network could be at risk as larger, savvier retail giants like Walmart , Amazon and Target chip away at Nexcom's U.S. market share, forcing it to do what any good retailer does when sales slow: hire consultants and embark on an ambitious turnaround plan. "Even though we're within the military, we compete for people's share of wallet, right? They can just as easily … stop at a Target, they could stop at a Walmart, but we want them to shop here," said Nexcom's CEO Robert Bianchi, who has both a Harvard MBA and almost 30 years of experience as a sailor to inform his strategy. "It is a constant challenge to stay relevant." Declining sales, relevance Nexcom, which can trace its roots back to the 1800s, provides active duty military members from all branches, veterans and their families with lodging access, uniforms and discounted, tax-free products through its chain of outposts. Some of the locations are sprawling department stores, offering sailors access to household names like Home Depot , Bath and Body Works and American Eagle , while others are smaller convenience stores, similar to a 7-Elev...
Prospective buyers view the backyard of a home during an open house in Seattle, Washington, US, on Sunday, Jan. 18, 2026. David Ryder | Bloomberg | Getty Images Mortgage rates finally ticked a tiny bit lower last week, but not enough to help the ailing mortgage market. Economic uncertainty, fueled by the Iran war, is keeping rates elevated and homebuyers on the fence. As a result, total mortgage a...
Prospective buyers view the backyard of a home during an open house in Seattle, Washington, US, on Sunday, Jan. 18, 2026. David Ryder | Bloomberg | Getty Images Mortgage rates finally ticked a tiny bit lower last week, but not enough to help the ailing mortgage market. Economic uncertainty, fueled by the Iran war, is keeping rates elevated and homebuyers on the fence. As a result, total mortgage application volume fell 0.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.51% from 6.57%, with points decreasing to 0.61 from 0.65, including the origination fee, for loans with a 20% down payment. Applications for a mortgage to purchase a home rose 1% for the week but were 7% lower than the same week one year ago. That was the first year-over-year decline since January 2025. "However, certain loan types and geographic segments are faring better than others because of lower rates on ARM and FHA loans as well as growing housing inventory in some local markets," said Joel Kan, an MBA economist in a release. "Applications for FHA purchase applications were up 5 percent over the week, supported by the FHA mortgage rate being about 30 basis points lower than the conventional mortgage rate." Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Applications to refinance a home loan dropped 3% for the week and were 4% lower than the same week one year ago. That was also the first year-over-year decline for refinances since January 2025. "Many potential refinance borrowers have been frozen out by the sharp increase over the past month. The pace of refinance applications was at its lowest level since December 2025," said Ka...
BRAMPTON, Ontario, April 08, 2026 (GLOBE NEWSWIRE) -- Loblaw Companies Limited (TSX: L) announced today that it will release its 2026 first quarter results on May 6 th , 2026, at approximately 6:30 a.m. (ET). The release will be followed by a conference call at 10:00 a.m. (ET), as well as an audio webcast.
BRAMPTON, Ontario, April 08, 2026 (GLOBE NEWSWIRE) -- Loblaw Companies Limited (TSX: L) announced today that it will release its 2026 first quarter results on May 6 th , 2026, at approximately 6:30 a.m. (ET). The release will be followed by a conference call at 10:00 a.m. (ET), as well as an audio webcast.
BRAMPTON, Ontario, 08 avr. 2026 (GLOBE NEWSWIRE) -- Les Compagnies Loblaw Limitée (TSX : L) a annoncé aujourd’hui qu’elle publiera ses résultats du premier trimestre de 2026 le 6 mai 2026, à environ 6 h 30 (HAE). La publication sera suivie d’une téléconférence à 10 h (HAE), en plus d’une webémission.
BRAMPTON, Ontario, 08 avr. 2026 (GLOBE NEWSWIRE) -- Les Compagnies Loblaw Limitée (TSX : L) a annoncé aujourd’hui qu’elle publiera ses résultats du premier trimestre de 2026 le 6 mai 2026, à environ 6 h 30 (HAE). La publication sera suivie d’une téléconférence à 10 h (HAE), en plus d’une webémission.
Continuous glucose monitors — also referred to as glucose biosensors — aren’t just for diabetics anymore. Daily life is different when you're tracking glucose. A little over a year ago, I was on my way to a conference. My bags were packed, the Uber was on its way, but there was one last thing to do before I could head to the airport. Tearing open a small isopropyl alcohol wipe, I cleaned the skin ...
Continuous glucose monitors — also referred to as glucose biosensors — aren’t just for diabetics anymore. Daily life is different when you're tracking glucose. A little over a year ago, I was on my way to a conference. My bags were packed, the Uber was on its way, but there was one last thing to do before I could head to the airport. Tearing open a small isopropyl alcohol wipe, I cleaned the skin on the back of my arm. After that, I applied a small applicator to the clean skin, doing my best to ignore the visible needle inside. I squeezed my eyes shut and pressed a button. It made a ka-thunk. I repeated the process on the other arm. In my right arm, I now had a Dexcom Stelo. In the left, an Abbott Lingo. Both were over-the-counter continuous g … Read the full story at The Verge.
MONTRÉAL, April 08, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“ OR Royalties ” or the “ Company ”) (OR: TSX & NYSE) is pleased to announce its first quarter 2026 preliminary deliveries, revenues and cash margin, as well as to provide an update on its cash and debt positions as at March 31 st , 2026. All monetary amounts included in this report are expressed in United States dollars, unless other...
MONTRÉAL, April 08, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“ OR Royalties ” or the “ Company ”) (OR: TSX & NYSE) is pleased to announce its first quarter 2026 preliminary deliveries, revenues and cash margin, as well as to provide an update on its cash and debt positions as at March 31 st , 2026. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.
MONTRÉAL, 08 avr. 2026 (GLOBE NEWSWIRE) -- Redevances OR Inc. (« Redevances OR » ou la « Société ») (TSX et NYSE : OR) a le plaisir d’annoncer ses livraisons, ses produits et sa marge monétaire préliminaires pour le premier trimestre de 2026, ainsi que sur sa position de trésorerie et sa dette au 31 mars 2026. Tous les montants inclus dans ce communiqué sont présentés en dollars américains, sauf i...
MONTRÉAL, 08 avr. 2026 (GLOBE NEWSWIRE) -- Redevances OR Inc. (« Redevances OR » ou la « Société ») (TSX et NYSE : OR) a le plaisir d’annoncer ses livraisons, ses produits et sa marge monétaire préliminaires pour le premier trimestre de 2026, ainsi que sur sa position de trésorerie et sa dette au 31 mars 2026. Tous les montants inclus dans ce communiqué sont présentés en dollars américains, sauf indication contraire.
Sunrise Technologies, a global Microsoft AI Business Applications and Cloud solutions provider, announced today that Franklin Sports, a leading sporting goods and equipment brand, has chosen Microsoft Dynamics 365 Finance and Supply Chain Management as its new enterprise resource planning (ERP) platform. The company will partner with Sunrise Technologies to replace multiple legacy applications and...
Sunrise Technologies, a global Microsoft AI Business Applications and Cloud solutions provider, announced today that Franklin Sports, a leading sporting goods and equipment brand, has chosen Microsoft Dynamics 365 Finance and Supply Chain Management as its new enterprise resource planning (ERP) platform. The company will partner with Sunrise Technologies to replace multiple legacy applications and unify its operations with Microsoft's scalable, cloud-based solution.
ZINFI Technologies, Inc., the #1 user and analyst-rated channel management and partner ecosystem management platform for technology and manufacturing companies and industry leader in Unified Partner Management (UPM), today announced that its platform is now available for transaction on the Microsoft Commercial Marketplace. The listing reflects direct demand from Fortune 100 customers and debuts wi...
ZINFI Technologies, Inc., the #1 user and analyst-rated channel management and partner ecosystem management platform for technology and manufacturing companies and industry leader in Unified Partner Management (UPM), today announced that its platform is now available for transaction on the Microsoft Commercial Marketplace. The listing reflects direct demand from Fortune 100 customers and debuts with an exceptional 4.9 out of 5.0 star rating based on 667+ verified reviews — making ZINFI one of th
Is the AI Gold Rush Over? Costco and Walmart Just Delivered a Sobering $163 Billion Warning to Shareholders of Nvidia, Palantir, and Other Red-Hot AI Stocks. The Motley Fool
Is the AI Gold Rush Over? Costco and Walmart Just Delivered a Sobering $163 Billion Warning to Shareholders of Nvidia, Palantir, and Other Red-Hot AI Stocks. The Motley Fool
Turkey is working on plans to expand some of the business incentives offered at the Istanbul Financial Center to foreign companies across the country, part of a push to attract multinational firms and position itself as a regional business hub. The Treasury and Finance Ministry is preparing legislation around some of the perks, which are currently limited to firms operating inside Turkey’s nascent...
Turkey is working on plans to expand some of the business incentives offered at the Istanbul Financial Center to foreign companies across the country, part of a push to attract multinational firms and position itself as a regional business hub. The Treasury and Finance Ministry is preparing legislation around some of the perks, which are currently limited to firms operating inside Turkey’s nascent flagship financial center, according to people familiar with the matter. The draft is expected to be submitted to parliament in the coming weeks, the people said, asking not to be identified because the discussions are private. The ministry confirmed that preparations are underway but declined to provide details. Turkish officials believe the war between Iran and the US-Israeli alliance could create an opening to attract foreign companies that had previously prioritized regional hubs such as Dubai in the United Arab Emirates, according to the people. While Gulf Arab states got caught in the crosshairs of Iran’s retaliatory strikes on neighboring countries, Turkey’s commercial hub, Istanbul, has so far avoided direct fighting. One of the key measures under consideration would extend nationwide a tax break allowing companies based at the Istanbul Financial Center to deduct 50% of the income they earn from selling — or mediating the sale of — goods sourced abroad without bringing those goods into Turkey, the people said. The plans are not final and may be revised or withdrawn during the legislative process. The Istanbul Financial Center launched in 2023 with hopes of helping turn the city into a global finance hub. Despite hosting key domestic institutions like the central bank and major state-owned lenders, the complex opened partly empty and has struggled to attract foreign companies. Unlike the Gulf, where deep-pocketed sovereign wealth funds generate steady deal flow for global investors and hedge funds, Turkey — a nation of about 90 million people — leans on the scale of...
Cameron Turtle, the chief executive officer of Spyre Therapeutics (NASDAQ:SYRE) , reported the direct sale of 15,000 shares of common stock for approximately $740K on April 1, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($49.33); post-transaction value based on April 1, 2026 market close. Spyre Therapeutics is a biotechnology compa...
Cameron Turtle, the chief executive officer of Spyre Therapeutics (NASDAQ:SYRE) , reported the direct sale of 15,000 shares of common stock for approximately $740K on April 1, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($49.33); post-transaction value based on April 1, 2026 market close. Spyre Therapeutics is a biotechnology company focused on advancing innovative antibody therapeutics for inflammatory bowel disease. With a market capitalization of $4 billion, Spyre Therapeutics focuses on developing biologic therapies for inflammatory bowel disease. Continue reading
(RTTNews) - Nurix Therapeutics, Inc. (NRIX) reported a first quarter net loss of $87.2 million or $0.79 per share compared with a net loss of $56.4 million or $0.67 per share, prior year. Revenue was $6.3 million compared with $18.5 million, a year ago. The company said revenue f
(RTTNews) - Nurix Therapeutics, Inc. (NRIX) reported a first quarter net loss of $87.2 million or $0.79 per share compared with a net loss of $56.4 million or $0.67 per share, prior year. Revenue was $6.3 million compared with $18.5 million, a year ago. The company said revenue f
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Delta Air Lines Delta Air Lines: Why It Is A Relative Winner (Rating Upgrade) Delta Air Lines Will Potentially Lead In This Year Of Chaos Delta Air Q1 Earnings Preview: A High Bar To Fly Over, Shares Fairly Valued Delta leads the airline sector higher after earnings, oil price decline Delta Air Lines Non-GAAP EPS of $0.6...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Delta Air Lines Delta Air Lines: Why It Is A Relative Winner (Rating Upgrade) Delta Air Lines Will Potentially Lead In This Year Of Chaos Delta Air Q1 Earnings Preview: A High Bar To Fly Over, Shares Fairly Valued Delta leads the airline sector higher after earnings, oil price decline Delta Air Lines Non-GAAP EPS of $0.64 beats by $0.07, revenue of $15.85B beats by $1.03B
Investing.com -- Alibaba and China Telecom announced Tuesday the launch of a data center in southern China powered by Alibaba's self-developed Zhenwu AI semiconductors.
Investing.com -- Alibaba and China Telecom announced Tuesday the launch of a data center in southern China powered by Alibaba's self-developed Zhenwu AI semiconductors.
imagean/iStock Unreleased via Getty Images Introduction Valaris Limited ( VAL ), the offshore driller, appears to be in a transition year. After a phenomenal 144.5% rally over the last year, partly driven by the Transocean Ltd. ( RIG ) merger news , multiples currently look high for a cyclical name. However, the current valuation appears fair for a company in transition. For one thing, they might ...
imagean/iStock Unreleased via Getty Images Introduction Valaris Limited ( VAL ), the offshore driller, appears to be in a transition year. After a phenomenal 144.5% rally over the last year, partly driven by the Transocean Ltd. ( RIG ) merger news , multiples currently look high for a cyclical name. However, the current valuation appears fair for a company in transition. For one thing, they might reflect the company’s contribution to the combined entity’s pro forma earnings base. More importantly, they reflect idle rigs, legacy contracts, and a temporary ‘whitespace’ period rather than the economics of recently signed contracts, as these new contracts are being signed at considerably higher day rates than the legacy contracts. The question is whether the market is evaluating the stock based on current trough earnings or the contract reality with higher utilization and day rates. Offshore Economics and Why Valaris Matters to the Combined Company Offshore development is driven by multi-year contracts and reserve replacement, not day-to-day oil volatility. As such, management’s comments that 70% of new deepwater spending sanctioned over the next three years break even at $50 per barrel mean Valaris does not even need oil at triple digits to be significantly profitable. These projects are concentrated in core deepwater basins such as Brazil and Guyana, where high-quality reservoirs and established infrastructure support durable offshore activity. The merger details make clear that Valaris is not just being bought for scale. It adds a modern fleet, especially jackups and high-spec drillships, broadens geographic reach, and contributes to a combined backlog of about $10 billion. Within Valaris itself, drillships account for about $3.0 billion of backlog versus about $1.1 billion for jackups, and drillship average day rates are roughly $416k in 2026 and $433k in 2027, far above jackup levels. The combination of Valaris’ jackup stability and drillship earnings leverage give...
designer491 Insmed Incorporated ( INSM ) has decided to halt an R&D program for its lung disorder therapy, brensocatib, following a mid-stage trial failure for the candidate against hidradenitis suppurativa, a skin disorder. Its Phase 2b CEDAR study, designed to evaluate brensocatib in adults with moderate to severe HS, did not meet primary or secondary efficacy endpoints, the Bridgewater, New Jer...
designer491 Insmed Incorporated ( INSM ) has decided to halt an R&D program for its lung disorder therapy, brensocatib, following a mid-stage trial failure for the candidate against hidradenitis suppurativa, a skin disorder. Its Phase 2b CEDAR study, designed to evaluate brensocatib in adults with moderate to severe HS, did not meet primary or secondary efficacy endpoints, the Bridgewater, New Jersey-based biotech announced late Tuesday. While both 10 mg and 40 mg dose levels failed to meet the key goals, patients tolerated the experimental therapy well, with no new safety signals even for the highest dose tested so far, according to the company. "While we are disappointed in the results, we hope that insights gained from this study will contribute to the broader scientific understanding of HS,” Insmed’s medical chief, Martina Flammer, remarked. In 2025, the U.S. and Europe approved brensocatib as an oral, once-daily treatment marketed as Brinsupri for non- cystic fibrosis bronchiectasis. More on Insmed Insmed: The Pipeline Is Catching Up To The Valuation Insmed Incorporated (INSM) Shareholder/Analyst Call - Slideshow Insmed: "Strong Buy" As Possible Label Expansion For ARIKAYCE Bodes Well Nasdaq rebounds to end flat as chip, AI-related stocks recover after Trump's speech Top Nasdaq movers this week as tech stocks continue to drag down the index