Gyre Therapeutics press release ( GYRE ): Q4 GAAP EPS of -$0.02 misses by $0.09 . Revenue of $37.2M (+33.5% Y/Y) beats by $1.76M . Full year 2026 revenue guidance of $100.5 to $111.0 million More on Gyre Therapeutics Seeking Alpha’s Quant Rating on Gyre Therapeutics Historical earnings data for Gyre Therapeutics Financial information for Gyre Therapeutics
Gyre Therapeutics press release ( GYRE ): Q4 GAAP EPS of -$0.02 misses by $0.09 . Revenue of $37.2M (+33.5% Y/Y) beats by $1.76M . Full year 2026 revenue guidance of $100.5 to $111.0 million More on Gyre Therapeutics Seeking Alpha’s Quant Rating on Gyre Therapeutics Historical earnings data for Gyre Therapeutics Financial information for Gyre Therapeutics
TSMC fell the most in the group, declining nearly 1% in Thursday’s premarket session. A research associate shows microchips for quantum processors in a clean room laboratory in Germany. (Photo by Julian Stratenschulte/picture alliance via Getty Images) Several vessels were reportedly struck in and around Iranian waters in the past 24 hours, as U.S.–Iran conflict entered its 11th day. Chips produce...
TSMC fell the most in the group, declining nearly 1% in Thursday’s premarket session. A research associate shows microchips for quantum processors in a clean room laboratory in Germany. (Photo by Julian Stratenschulte/picture alliance via Getty Images) Several vessels were reportedly struck in and around Iranian waters in the past 24 hours, as U.S.–Iran conflict entered its 11th day. Chips produced by TSMC power most of the world’s gadgets, cars, and electronic equipment. Investors are increasingly concerned that escalating tensions could disrupt key shipping routes and global tech supply chains. Shares of major semiconductor companies declined in early premarket trading on Thursday amid a broader market selloff, after reports of fresh attacks on ships in and near Iranian waters spooked investors about potential disruptions to global logistics and supply chains. Taiwan Semiconductor Manufacturing stock led the declines, falling 0.8%, while Nvidia shares dropped 0.7%. Shares of Intel and Broadcom fell 0.7% and 0.6% respectively. Chips from American companies, and produced in Asia by TSMC power the majority of phones, consumer gadgets, cars and other electronic equipment in the world. A disruption in the semiconductor supply chain will have significant second-order effects across industries. Ships Hit In The Middle East Several vessels were struck in the past 24 hours, including off the coast of Dubai and Iraq, while Bahrain announced a new strike targeting its oil facilities, the Wall Street Journal reported. There is growing fear that Iran-backed groups could shut the strait at the southern tip of the Arabian Peninsula, after the Strait of Hormuz has been effectively closed to commercial shipping since Feb. 28. U.S. stock futures slipped, while oil prices spiked to over $100 a barrel. Analysts are currently focused on the disruptions to oil supplies, though the issues could also spill over into the transport of other goods. More Risk To US Companies There are added ...
In a video message, he said: "For your own safety, leave the streets and remain in your homes. Continue strikes and do not go to work. To show your unity, keep up the night-time chants [against the authorities] with strength."
In a video message, he said: "For your own safety, leave the streets and remain in your homes. Continue strikes and do not go to work. To show your unity, keep up the night-time chants [against the authorities] with strength."
Oil price surges as Iran steps up attacks on ships in the Persian Gulf toggle caption Bilal Hussein/AP The war with Iran entered its 13th day Thursday as attacks on commercial ships spread to Iraq's waters and oil prices climbed back above $100 a barrel. Two oil tankers were struck by projectiles near Iraq's southern ports, Iraqi officials said Thursday – the first such strike reported in Iraqi wa...
Oil price surges as Iran steps up attacks on ships in the Persian Gulf toggle caption Bilal Hussein/AP The war with Iran entered its 13th day Thursday as attacks on commercial ships spread to Iraq's waters and oil prices climbed back above $100 a barrel. Two oil tankers were struck by projectiles near Iraq's southern ports, Iraqi officials said Thursday – the first such strike reported in Iraqi waters since the war began. Iran took responsibility for striking one of the vessels, a U.S. owned tanker. The escalation follows multiple attacks on commercial ships this week in the Strait of Hormuz, a critical shipping route for the global supply of oil. As markets seesawed and attacks set oil refineries ablaze across the Gulf, the International Energy Agency said member countries would release a record amount of oil from emergency reserves, including 172 million barrels from the U.S. Strategic Petroleum Reserve. Sponsor Message The militant group Hezbollah, meanwhile, launched its biggest rocket attack against Israel since the start of the war with Iran. Israel responded with more strikes on what it said was Hezbollah infrastructure in Beirut's southern suburbs. Separately, a preliminary Pentagon assessment has indicated that U.S. forces were likely responsible for a missile strike on a girls school near the southern city of Minab – consistent with NPR's earlier reporting. The assessment was shared Wednesday with a U.S. official who was not authorized to speak publicly. Iranian and Lebanese health officials and Israeli authorities have reported more than 1,200 people killed in Iran, 634 in Lebanon and 12 in Israel. Seven U.S. soldiers have died and eight were seriously injured mainly after attacks at U.S. bases in countries neighboring Iran, according to the Pentagon. Here are other major updates about the conflict. To jump to specific areas of coverage, use the links below: Attacks on vessels |Oil stockpiles |Strikes across the Gulf | Israel-Hezbollah escalation | Irania...
Iran's supreme leader issues his first statement as war with U.S. and Israel rages toggle caption Bilal Hussein/AP Iran's state media issued what it said was a statement by Iranian Supreme Leader Mojtaba Khamenei, as the U.S.-Israeli war with Iran entered its 13th day. It was believed to be the new leader's first statement since he succeeded his father Ayatollah Ali Khamenei, who was killed in an ...
Iran's supreme leader issues his first statement as war with U.S. and Israel rages toggle caption Bilal Hussein/AP Iran's state media issued what it said was a statement by Iranian Supreme Leader Mojtaba Khamenei, as the U.S.-Israeli war with Iran entered its 13th day. It was believed to be the new leader's first statement since he succeeded his father Ayatollah Ali Khamenei, who was killed in an Israeli strike on the first day of the war. This is a developing story that will be updated. Here are other major updates about the conflict. To jump to specific areas of coverage, use the links below: Attacks on vessels | Oil stockpiles | Strikes across the Gulf | Israel-Hezbollah escalation | Iranian school attack Sponsor Message Two oil tankers hit in Iraqi waters Two oil tankers were hit in Iraqi territorial waters near the southern port area of Basra , Iraqi officials said Thursday – the first oil-related strike reported in Iraq's waters during the war, another sign of the war's escalation. Iran, a critical ally of Iraq, took responsibility for attacking one of the tankers, which it said was owned by the U.S. A port official said the attack targeted vessels near Basra's port approaches, and Iraq's security spokesman described it as sabotage. Iraqi officials said one person was killed, and 38 crew members were rescued, with search operations continuing. Iran has stepped up attacks on energy infrastructure and commercial shipping in response to U.S. and Israeli strikes, warning that the world should brace for oil prices to double. -Jane Arraf U.S. and allies to release record oil stockpiles The U.S. confirmed it will release 172 million barrels of oil from the Strategic Petroleum Reserve as part of a coordinated International Energy Agency (IEA) release of 400 million barrels from emergency stockpiles. The U.S. contribution amounts to roughly 40% of the total, to be released gradually over about four months. The IEA's executive director, Fatih Birol, said the goal is to ...
Narong KHUEANKAEW/iStock via Getty Images Introduction The last time I covered PepsiCo, Inc. ( PEP ), I rated them a Strong Sell, highlighting their unsustainable levels of dividend growth and expensive debt that keeps piling up, as even though macro improvements and recent activist investor involvement have potential to help, their recovery remains uncertain. With visible improvements, cost cuts,...
Narong KHUEANKAEW/iStock via Getty Images Introduction The last time I covered PepsiCo, Inc. ( PEP ), I rated them a Strong Sell, highlighting their unsustainable levels of dividend growth and expensive debt that keeps piling up, as even though macro improvements and recent activist investor involvement have potential to help, their recovery remains uncertain. With visible improvements, cost cuts, and a solid restaging plan for their iconic brands, PEP stands to benefit from a potential recovery in demand, especially if backed by broader macro improvements. However, I believe the company is still a Strong Sell, as even though I see solid improvements, they still aren’t enough to justify buying it yet, with little room for error despite significant long-term headwinds that can fundamentally change this industry, while the company will always have to pay back most of what it makes back to its shareholders if they want to keep their Dividend King status. Internal Developments PepsiCo IR PEP reported a solid Q4 overall, beating the market’s estimates and delivering $7.67 billion in free cash flow compared to $7.19 billion in 2024, or about $9.32 billion last year when adjusting for working capital changes, which is not bad in this environment. PepsiCo IR Meanwhile, the company is taking several steps to adapt to the ongoing macro pressure, including the restaging of several iconic brands, offering better-for-you alternatives (in various ways, from using different oils to lower sugar options, higher protein, etc.) and even reducing the price of some snacks and beverages, aiming at improving their affordability given the current demand headwinds, as mentioned during their Q4 Earnings Call : This is part of a multi-vector strategy to drive category growth and then obviously, our participation in the category. And this is something we've been working on since Q2 or so of last year, testing at scale in some of our key markets. We think that for some consumers, low- and middl...
The U.S.-Israel-Iran conflict has triggered one of the largest supply shocks in the history of global oil markets, leading to the disruption of ~7.5% of worldwide supply, the International Energy Agency (IEA) has reportedly said in its monthly report. Escalating hostilities following U.S. and Israeli attacks on Iran on Feb. 28 have severely curtailed flows through the Strait of Hormuz, a key route...
The U.S.-Israel-Iran conflict has triggered one of the largest supply shocks in the history of global oil markets, leading to the disruption of ~7.5% of worldwide supply, the International Energy Agency (IEA) has reportedly said in its monthly report. Escalating hostilities following U.S. and Israeli attacks on Iran on Feb. 28 have severely curtailed flows through the Strait of Hormuz, a key route for global energy trade. Tanker traffic through the strait, which carried about 20 million barrels per day of crude and refined products last year, has fallen more than 90%, multiple media outlets reported. The IEA reportedly said the conflict could cut global oil supply by around eight million barrels per day this month, calling it the largest disruption the oil market has ever faced. In response to the supply shock, IEA member countries agreed on Wednesday to release 400 million barrels from emergency reserves, an unprecedented step aimed at calming markets. The Trump administration plans to release 172M barrels from the U.S. Strategic Petroleum Reserve as part of a coordinated global effort to curb rising crude and fuel prices less than two weeks after the start of the Iran war. Oil prices have surged amid the turmoil, with Brent crude climbing above $100 a barrel in London on Thursday, while Brent futures ( CO1:COM ) rose 5% in U.S. premarket hours. The increase came after reports that a fire broke out on an oil tanker in the Persian Gulf near Basra in Iraq's territorial waters after an apparent attack, and a second tanker anchored off the coast of Kuwait was said to have suffered an explosion. With exports through Hormuz largely halted, Gulf producers have been forced to curb output. Producers in the region have collectively shut in roughly 10 million barrels per day of production, media reports said, citing IEA. The supply disruption has also reshaped the market outlook. The agency cut its forecast for the global oil surplus in 2026 by more than a third to about 2.4 ...
The cost to ship goods in containers to Europe from China jumped over the past week as the war in the Mideast disrupts one of the world’s busiest shipping routes and lengthens delivery times. According to figures from the Drewry World Container Index posted Thursday, the spot rate for a 40-foot container to Rotterdam from Shanghai increased 19% to $2,443 over the past week, the steepest weekly gai...
The cost to ship goods in containers to Europe from China jumped over the past week as the war in the Mideast disrupts one of the world’s busiest shipping routes and lengthens delivery times. According to figures from the Drewry World Container Index posted Thursday, the spot rate for a 40-foot container to Rotterdam from Shanghai increased 19% to $2,443 over the past week, the steepest weekly gain in percentage terms since June 2025. Service from Shanghai to Genoa , Italy, jumped almost 10% to $3,120. From Shanghai to Los Angeles , the rate was 4.2% higher than a week earlier at $2,503, Drewry’s figures showed. The world’s major container carriers have added emergency fees and fuel surcharges to their long-haul rates since the US and Israel attacked Iran on Feb. 28. Shipping lines have stopped transiting the Strait of Hormuz — restricting their access to Dubai’s Jebel Ali, the busiest container port outside of Asia — and are largely avoiding the Red Sea, opting instead for the longer journey around southern Africa. “Even if none of a shipper’s freight touches the Strait of Hormuz, they’re competing for space on a global vessel network that just got significantly tighter,” said Stephen Dyke, director of strategic solutions at Chicago-based FourKites, a supply chain AI platform. “We expect transit times on transpacific and Asia-to-Europe lanes to start creeping up within the next week or two.”
Nebius is a provider of full-stack AI cloud solutions. Credit: bella1105/Shutterstock.com. Nvidia has formed a partnership with Nebius Group, which will see the US chipmaker invest $2bn into the Amsterdam-headquartered AI cloud infrastructure company. The agreement aims to jointly develop and deploy next-generation hyperscale cloud services for AI, with a focus on meeting demand from both AI-nativ...
Nebius is a provider of full-stack AI cloud solutions. Credit: bella1105/Shutterstock.com. Nvidia has formed a partnership with Nebius Group, which will see the US chipmaker invest $2bn into the Amsterdam-headquartered AI cloud infrastructure company. The agreement aims to jointly develop and deploy next-generation hyperscale cloud services for AI, with a focus on meeting demand from both AI-native companies and large enterprises. This expanded collaboration will facilitate the design, construction, and management of advanced AI factories and cloud platforms powered by Nvidia’s latest accelerated computing technologies. Listed on Nasdaq, Nebius is a provider of full-stack AI cloud solutions for developers, startups, and enterprises building products that require large-scale data processing, model training, and production deployment. The company will use Nvidia’s technology to deploy over 5 gigawatts (GW) of AI compute capacity globally by 2030, incorporating multiple gigawatt-scale data centres in the US. Nvidia founder and CEO Jensen Huang said: “AI is at another inflection point — agentic AI, driving incredible compute demand and accelerating infrastructure buildout. GlobalData Strategic Intelligence US Tariffs are shifting - will you react or anticipate? Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. By GlobalData Learn more about Strategic Intelligence “Nebius is building an AI cloud designed for the agentic era, fully integrated from silicon to software and powered by Nvidia’s next-generation accelerated compute. Together, we are scaling the cloud to meet the surging global demand for intelligence.” Under the partnership, Nebius will gain access to early samples, partner design materials, system software support, and technical oversight for AI factory architecture. The collaboration also covers integration of Nvidia’s Rubin platform, Vera CPUs, and BlueField storage systems as part of Nebius’ infrastructure...
The governor of the historic Iranian city of Isfahan has accused the US and Israel of a “declaration of war on a civilization” as heritage sites across the country suffer damage in their bombing campaign. The most serious confirmed damage to date has been to Tehran’s Golestan Palace, dating back to the 14th century, and the 17th-century Chehel Sotoon Palace in Isfahan. Allow Instagram content? Thi...
The governor of the historic Iranian city of Isfahan has accused the US and Israel of a “declaration of war on a civilization” as heritage sites across the country suffer damage in their bombing campaign. The most serious confirmed damage to date has been to Tehran’s Golestan Palace, dating back to the 14th century, and the 17th-century Chehel Sotoon Palace in Isfahan. Allow Instagram content? This article includes content provided by Instagram . We ask for your permission before anything is loaded, as they may be using cookies and other technologies. To view this content, click 'Allow and continue'. Allow and continue Judging from videos and public statements, neither historic building was hit by a missile directly but the shock wave from nearby blasts and possibly some missile debris shattered glass and brought down tiles and masonry. Video from the scene showed that Golestan Palace’s celebrated hall of mirrors had been shattered with shards of intricate mirrorwork scattered across its floor. The palace is a world heritage site under the protection of the UN’s cultural body Unesco, which issued a statement of concern after it was damaged on 2 March, saying it had “communicated to all parties concerned the geographical coordinates of sites on the world heritage list”. View image in fullscreen Golestan Palace, a world heritage site in Tehran, was badly damaged. Photograph: Sobhan Farajvan/Pacific Press/Shutterstock View image in fullscreen Golestan Palace photographed in 2016. Photograph: Nicola Forenza/Alamy In the past few days, there have been major explosions in the centre of Isfahan, Iran’s capital in three historical eras, where much of the architecture dates back to the Safavid dynasty era, from the 16th to 18th centuries. Chehel Sotoon suffered the worst impact but broken windows and doors, as well as dislodged tilework, have been reported in the Ali Qapu Palace and several mosques around the vast Naqsh-e Jahan Square. Videos filmed by residents from inside ...
Bayerische Motoren Werke Aktiengesellschaft ETR: BMW outlined its near-term product plans, regulatory concerns, and regional market trends during a media Q&A session at the BMW Group Annual Conference, with CEO Oliver Zipse and other board members addressing questions ranging from the Neue Klasse rollout to China pricing, tariffs, and workforce trends. Get BMW alerts: Sign Up Neue Klasse launch ti...
Bayerische Motoren Werke Aktiengesellschaft ETR: BMW outlined its near-term product plans, regulatory concerns, and regional market trends during a media Q&A session at the BMW Group Annual Conference, with CEO Oliver Zipse and other board members addressing questions ranging from the Neue Klasse rollout to China pricing, tariffs, and workforce trends. Get BMW alerts: Sign Up Neue Klasse launch timing and “beating heart” of BMW Zipse described the upcoming i3 as “the beating heart of BMW” and tied it directly to the Neue Klasse program. He said BMW has spent years rebuilding the Munich main plant and indicated the work is completed, with vehicles already being produced. Zipse also pointed to early demand for the iX3, saying the vehicle is available to order and “going extremely well,” with more than 50,000 customers having ordered the car without having seen it in person. He said BMW would present the i3 “next week” in more detail and expressed confidence the company will be “at the absolute peak of the industry.” On the production side, board member Milan Nedeljković said BMW’s global production system has been prepared for the Neue Klasse and other upcoming models. He added that preparations at the Spartanburg plant are on time and that BMW expects to ramp production and deliver on time, citing strong demand and “a lot of orders” at its plants. CEO succession and continuity Zipse said that after 35 years at the company, he believes “the time has come to step away,” adding he is leaving “very happy” and “very satisfied.” He said there would be significant continuity and identified production board member Milan Nedeljković as his successor, describing the transition as consistent with “the BMW way” and not expecting disruption. EU CO2 policy: “tailpipe” focus and technology openness Zipse devoted significant time to European emissions policy and BMW’s preference for a broader CO2 accounting approach. He said BMW had met 2025 CO2 goals without pooling and claimed BMW...
Welsh Water is to pay a proposed £44.7m after the industry regulator found “serious and unacceptable” breaches in the supplier’s sewage and network services. Ofwat said Dŵr Cymru Welsh Water failed to properly operate, maintain and upgrade its wastewater network to ensure it could cope with levels of sewage and wastewater, and did not have adequate processes in place or oversight by senior bosses....
Welsh Water is to pay a proposed £44.7m after the industry regulator found “serious and unacceptable” breaches in the supplier’s sewage and network services. Ofwat said Dŵr Cymru Welsh Water failed to properly operate, maintain and upgrade its wastewater network to ensure it could cope with levels of sewage and wastewater, and did not have adequate processes in place or oversight by senior bosses. Ofwat said the planned enforcement package will include £40.6m to reduce spills at specific overflows and reduce the environmental damage caused, tackle groundwater entering the sewer network, as well as an extra £4.1m to improve river quality in “extremely sensitive catchments”. Lynn Parker, senior director for enforcement at Ofwat, said: “Our investigation has found serious and unacceptable breaches in how Dŵr Cymru Welsh Water has operated and maintained its sewage works and networks, which has resulted in excessive spills from storm overflows to the environment. “We now expect them to focus on putting things right so that customers can regain trust in their water company and the critical service they provide. We understand that the public wants to see transformative change.” Ofwat stressed the package was more than would otherwise have been paid if Ofwat was to fine the firm the £40m it could have done. It will now consult on the proposed enforcement package, with a deadline for responses of 2 April. Details of the planned action come as the bills of Welsh Water customers are due to increase again next month, with the supplier having announced rises of 42% by 2029-30. The company serves about 3 million people across Wales and Herefordshire. A Welsh Water spokesperson said: “We accept the findings of Ofwat’s investigation and apologise for where we have fallen short of the standards that our customers and regulators rightly expect from us. “We have started a major transformation programme across the company, including within our wastewater services, focused on improving...
U.S. stock markets closed mixed on Wednesday as the U.S.-Israel attack on Iran showed no signs of de-escalation. Crude oil prices remained elevated due to severe supply concerns from the Middle East. Earnings reports and key inflation data came in mixed and failed to enthuse market participants. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite managed to finish in the...
U.S. stock markets closed mixed on Wednesday as the U.S.-Israel attack on Iran showed no signs of de-escalation. Crude oil prices remained elevated due to severe supply concerns from the Middle East. Earnings reports and key inflation data came in mixed and failed to enthuse market participants. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite managed to finish in the green. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) tumbled 0.6% or 289.24 points to close at 47,417.27 after a choppy session. At intraday high, the index was up nearly 5 points. Notably, 24 components of the 30-stock index ended in negative territory while six ended in positive territory. The tech-heavy Nasdaq Composite finished at 22,716.14, rising 0.1% owing to the good performance by corporate bigwigs. At intraday high, the tech-laden index was up 180.61 points and at intraday low, the index was down nearly 95 points. The S&P 500 fell 0.1% to finish at 6,775.80. At intraday high, the index was up 0.4%. All 11 broad sectors of the broad-market index ended in the negative territory. The Energy Select Sector SPDR (XLE) was down 1.3%. The fear gauge CBOE Volatility Index (VIX) was down 2.8% to 24.23. A total of 17.79 billion shares were traded on Wednesday, lower than the last 20-session average of 20.09 billion. Decliners outnumbered advancers on the NYSE by a 1.84-to-1 ratio. On the Nasdaq, a 1.38-to-1 ratio favored advancing issues. Crude Oil Prices Remain Elevated The geopolitical conflicts in the Middle East remained heightened. Iran continued to retaliate against the U.S.-Israel joint attack and the largest crude oil supply line through the Strait of Hormuz remained heavily disturbed. The 32 countries of the International Energy Agency (IEA) agreed to release 400 million barrels of crude oil to normalize global oil supply. This marked the largest such action in IEA’s history. Moreover, OPEC said that Saudi Arabia has also ramped up oil prod...
U.S. stock markets closed mixed on Wednesday as the U.S.-Israel attack on Iran showed no signs of de-escalation. Crude oil prices remained elevated due to severe supply concerns from the Middle East. Earnings reports and key inflation data came in mixed and failed to enthuse market participants. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite managed to finish in the...
U.S. stock markets closed mixed on Wednesday as the U.S.-Israel attack on Iran showed no signs of de-escalation. Crude oil prices remained elevated due to severe supply concerns from the Middle East. Earnings reports and key inflation data came in mixed and failed to enthuse market participants. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite managed to finish in the green. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) tumbled 0.6% or 289.24 points to close at 47,417.27 after a choppy session. At intraday high, the index was up nearly 5 points. Notably, 24 components of the 30-stock index ended in negative territory while six ended in positive territory. The tech-heavy Nasdaq Composite finished at 22,716.14, rising 0.1% owing to the good performance by corporate bigwigs. At intraday high, the tech-laden index was up 180.61 points and at intraday low, the index was down nearly 95 points. The S&P 500 fell 0.1% to finish at 6,775.80. At intraday high, the index was up 0.4%. All 11 broad sectors of the broad-market index ended in the negative territory. The Energy Select Sector SPDR (XLE) was down 1.3%. The fear gauge CBOE Volatility Index (VIX) was down 2.8% to 24.23. A total of 17.79 billion shares were traded on Wednesday, lower than the last 20-session average of 20.09 billion. Decliners outnumbered advancers on the NYSE by a 1.84-to-1 ratio. On the Nasdaq, a 1.38-to-1 ratio favored advancing issues. Crude Oil Prices Remain Elevated The geopolitical conflicts in the Middle East remained heightened. Iran continued to retaliate against the U.S.-Israel joint attack and the largest crude oil supply line through the Strait of Hormuz remained heavily disturbed. The 32 countries of the International Energy Agency (IEA) agreed to release 400 million barrels of crude oil to normalize global oil supply. This marked the largest such action in IEA’s history. Moreover, OPEC said that Saudi Arabia has also ramped up oil prod...
hapabapa Morgan Stanley ( MS ) has restricted investor withdrawals from one of its private credit funds after redemption requests surged well beyond the fund’s limits, highlighting growing stress in the private lending market. Morgan Stanley ( MS ) Private Credit capped redemptions at its North Haven Private Income Fund (PIF) after investors requested withdrawals of about 11% of outstanding shares...
hapabapa Morgan Stanley ( MS ) has restricted investor withdrawals from one of its private credit funds after redemption requests surged well beyond the fund’s limits, highlighting growing stress in the private lending market. Morgan Stanley ( MS ) Private Credit capped redemptions at its North Haven Private Income Fund (PIF) after investors requested withdrawals of about 11% of outstanding shares. Under the fund’s rules, only 5% of shares can be redeemed each quarter, so the fund fulfilled about 45.8% of the requests, returning roughly $169M. The Wall Street major told investors that limiting withdrawals is consistent with the fund documents and is meant to avoid forced asset sales in “periods of market dislocation” and to protect long‑term, risk‑adjusted returns. Retail investors have been pulling money from a group of private credit funds recently, prompting more redemption requests at other managers like Blackstone ( BX ), Blue Owl Capital ( OBDC ), Cliffwater. Blackstone ( BX ) President Jon Gray recently said in an interview on CNBC that concerns in the private credit market, which has led to record redemptions at its flagship private credit fund, are a "ton of noise." The firm's institutional clients "continue to allocate significant amounts to private credit," he added. Cliffwater LLC’s flagship $33B Cliffwater Corporate Lending Fund ( CCLDX ) faced investor redemption requests exceeding 7% of assets . Last month, Blue Owl Capital ( OWL ) said that it will no longer allow regular quarterly withdrawals from Blue Owl Capital Corporation II (OBDC II), which targets retail investors. More on Morgan Stanley Morgan Stanley A Vs. E Preferred Shares: Rating Change For Both Morgan Stanley: Maybe I Was Wrong To Sell (And Why The Preferreds Remain Attractive) Morgan Stanley (MS) Presents at UBS Financial Services Conference 2026 Transcript Morgan Stanley turns to contract staff to deal with surge in Hong Kong deals - report Big banks in top losers; Circle Internet, Coi...