In the first quarter of 2026, MP Materials reported US$90.65 million in sales and a net loss of US$7.97 million, while announcing major multi-year partnerships with Apple and the U.S. Department of Defense to expand rare earth magnet production and recycling in the United States. At the same time, expectations of a potential US–China rare earth agreement and significant insider selling by MP Mater...
In the first quarter of 2026, MP Materials reported US$90.65 million in sales and a net loss of US$7.97 million, while announcing major multi-year partnerships with Apple and the U.S. Department of Defense to expand rare earth magnet production and recycling in the United States. At the same time, expectations of a potential US–China rare earth agreement and significant insider selling by MP Materials’ leadership have shifted attention toward geopolitical and governance risks, even as the company’s role in domestic supply chain security becomes more central. Next, we’ll examine how the Apple and U.S. Department of Defense agreements might reshape MP Materials’ investment narrative and risk profile. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. MP Materials Investment Narrative Recap To own MP Materials, you need to believe in a long-term shift toward domestically sourced rare earth magnets and MP’s ability to move from miner to value-added manufacturer. The immediate catalyst is the ramp of U.S. magnet production backed by Apple and the U.S. Department of Defense, while the most pressing risk now includes governance concerns from insider selling and changing geopolitical assumptions around U.S.–China rare earth relations. The most relevant update here is the combined US$500 million Apple partnership and US$400 million U.S. Department of Defense package, including a 10 year magnet purchase agreement. These contracts sit at the heart of MP’s catalyst story by underpinning magnet demand for consumer electronics and defense, while the recent share price drop and insider selling highlight how quickly sentiment can swing around execution and concentration risks. Yet even with these long-term contracts, investors should be aware that insider selling and shifting U.S.–China rare earth politics could... Read the full narrative on MP Materials (it's free!) MP Materials’ narrative projects $1.0 billion revenue...
The UN has voted 141-8 to adopt a resolution backing a world court opinion that countries have a legal obligation to address climate change, with the US – which is the world’s biggest historical emitter – among the small group opposing it. The UN secretary general, António Guterres, said Wednesday’s general assembly vote, in which 28 countries abstained, underscored that governments are responsibl...
The UN has voted 141-8 to adopt a resolution backing a world court opinion that countries have a legal obligation to address climate change, with the US – which is the world’s biggest historical emitter – among the small group opposing it. The UN secretary general, António Guterres, said Wednesday’s general assembly vote, in which 28 countries abstained, underscored that governments are responsible for protecting citizens from the “escalating climate crisis”. “I welcome the adoption of the General Assembly resolution on the ICJ’s advisory opinion on climate change – a powerful affirmation of international law, climate justice, science + the responsibility of states to protect people from the escalating climate crisis,” Guterres said in a post on X. The resolution, brought by the Pacific island Vanuatu, affirms a July 2025 advisory opinion by the International Court of Justice (ICJ) that states are obligated to reduce fossil fuel use and tackle global warming. While not legally binding, the court’s advisory opinion is already being used in climate litigation around the world and judges are starting to reference it in their climate-related rulings. But it has proved more intractable as a diplomatic lever. It failed to make a mark at last year’s UNFCCC climate talks in Belem; Saudi Arabia called its inclusion in final texts a “red, red line”. The US joined Saudi Arabia, Russia, Israel, Iran, Yemen, Liberia and Belarus in opposing the resolution on Wednesday. Cop31 climate summit host Turkey, India, and oil producers Qatar and Nigeria were among those abstaining. Australia, Germany, France and the UK were among the 141 voting in favour of the resolution. The Trump administration has removed the US from the Paris climate agreement and other major environmental accords, and has pursued policies to boost fossil fuel production. “The resolution includes inappropriate political demands relating to fossil fuels,” the US deputy ambassador to the UN, Tammy Bruce, said. Washingt...
The following is Dolphin Research's transcript of$NVIDIA(NVDA.US) FY27 Q1 earnings call. For our take on the print, see 'NVIDIA: Rising rivals, shifting AI bottlenecks — can even a universe stock stumble?' I. Core takeaways from the results 1) Shareholder returns: A record $20bn was returned this quarter. The quarterly dividend was raised from $0.01 to $0.25 per share. A new $80bn buyback authoriz...
The following is Dolphin Research's transcript of$NVIDIA(NVDA.US) FY27 Q1 earnings call. For our take on the print, see 'NVIDIA: Rising rivals, shifting AI bottlenecks — can even a universe stock stumble?' I. Core takeaways from the results 1) Shareholder returns: A record $20bn was returned this quarter. The quarterly dividend was raised from $0.01 to $0.25 per share. A new $80bn buyback authorization was added, on top of $39bn remaining under the prior plan. The company plans to return Approx. 50% of FY free cash flow to shareholders. 2) Q2 guide: Total revenue is guided to $91bn (+/−2%), with QoQ growth driven mainly by Data Center. GAAP and non-GAAP GPM are 74.9% and 75% (+/−50bps). GAAP and non-GAAP OpEx are Approx. $8.5bn and $8.3bn, respectively. 3) FY guide: FY27 GPM is still expected to stay in the mid-70% range (Approx. 75%). OpEx YoY growth is raised to 45%+, driven by higher R&D and accelerated use of AI tools. GAAP/non-GAAP effective tax rate is guided to 16%–18% (down from 17%–19%) on mix shift by region. 4) Key metrics: Total revenue was $82bn (+85% YoY, +20% QoQ), with a QoQ absolute increase of $13.5bn, a record high. This marks three consecutive quarters of YoY acceleration and 14 straight quarters of QoQ growth. GAAP GPM was 74.9% and non-GAAP GPM 75%, both roughly flat QoQ. Non-GAAP OpEx rose 12% QoQ, and the non-GAAP effective tax rate was 16%, below prior guidance. DSO was 45 days (Q2 expected to normalize to ~55 days). FCF was $49bn (vs. $35bn in Q4), a record. 5) Supply chain and visibility: Supply commitments, including inventory purchase obligations and prepayments, rose to $145bn. The company reiterated revenue visibility of $1tn for Blackwell + Rubin over CY2025–CY2027 (unchanged). It also added visibility for Approx. $20bn of annual revenue from standalone Vera CPU, opening a new $200bn TAM. China Data Center compute revenue remains excluded from guidance (H200 export licenses were approved but no revenue yet, with entry into China still...
Never miss an episode. Follow The Bloomberg Australia Podcast today. Australia’s supermarket giants are facing a growing backlash as shoppers battle rising grocery bills and fresh scrutiny lands on the industry. After a federal court found Coles misled customers over its “Down Down” discount campaign, questions are mounting over whether Australians have really been getting the bargains they were p...
Never miss an episode. Follow The Bloomberg Australia Podcast today. Australia’s supermarket giants are facing a growing backlash as shoppers battle rising grocery bills and fresh scrutiny lands on the industry. After a federal court found Coles misled customers over its “Down Down” discount campaign, questions are mounting over whether Australians have really been getting the bargains they were promised. On this episode of the Bloomberg Australia Podcast, host Chris Bourke speaks with global business editor Karen Leigh about the court ruling, the cost-of-living crisis and why Coles and Woolworths have become targets of consumer frustration. They unpack the power of the supermarket duopoly, the erosion of trust among shoppers and whether growing competition from Aldi and Costco could finally reshape how Australians buy their groceries. Read more: Coles Misled Shoppers With ‘Down Down’ Discounts, Court Finds Further listening: What the Budget Means for Interest Rates Listen and follow The Bloomberg Australia Podcast on Apple , Spotify , YouTube or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe. And for a daily wrap of the business, finance and economic stories that matter to Australians, from Bloomberg's reporters around the globe, sign up to our free Australia Briefing newsletter. Here is a lightly edited transcript of the conversation: Chris Bourke: Welcome to the Bloomberg Australia podcast. I'm Chris Bourke coming to you from Melbourne this week. As the cost of living keeps hitting everyone hard, our supermarkets are coming under growing pressure from both regulators and the public. Now, a Federal Court has found one of Australia's two dominant grocery giants, Coles misled customers on discounts, adding fresh scrutiny to an industry already under the spotlight. So what does this mean? Not just for the supermarkets, but for Australians feeling the squeeze at the checkout. To help us unpack all this, I'm joined by S...
US President Donald Trump’s state visit to Beijing on May 13 was Xi Jinping’s 18th meeting with a US president since he became China’s leader in 2013. Xi has previously held talks with presidents Barack Obama and Joe Biden, as well as with Trump during the US leader’s first term. By comparison, Xi has had more than 40 physical meetings with Russian President Vladimir Putin during the same period.
US President Donald Trump’s state visit to Beijing on May 13 was Xi Jinping’s 18th meeting with a US president since he became China’s leader in 2013. Xi has previously held talks with presidents Barack Obama and Joe Biden, as well as with Trump during the US leader’s first term. By comparison, Xi has had more than 40 physical meetings with Russian President Vladimir Putin during the same period.
The introduction of GLP-1 weight-loss drugs by Novo Nordisk (NVO +1.78%) may have changed the pharmaceutical industry forever. Although there are drawbacks to taking GLP-1 drugs (such as muscle loss), they are viewed as a miracle drug by many who have struggled for years with obesity. That said, which company is the best investment? Here are three different ways to play the space in 2026. Eli Lill...
The introduction of GLP-1 weight-loss drugs by Novo Nordisk (NVO +1.78%) may have changed the pharmaceutical industry forever. Although there are drawbacks to taking GLP-1 drugs (such as muscle loss), they are viewed as a miracle drug by many who have struggled for years with obesity. That said, which company is the best investment? Here are three different ways to play the space in 2026. Eli Lilly: Still the industry leader Novo Nordisk was first to market, but Eli Lilly's (LLY 0.52%) GLP-1 shot proved more effective. And when Novo Nordisk faced production issues, the decision to choose Eli Lilly's Mounjaro and Zepbound over Novo Nordisk's Wagovy became even easier. The growth of Mounjaro and Zepbound has been nothing short of phenomenal, with Mounjaro's sales up 125% in the first quarter of 2026, and Zepbound up by 80%. Eli Lilly recently introduced a GLP-1 pill, but it has a different active ingredient, and uptake has been a bit sluggish (more on this below). Still, the strength of Mounjaro and Zepbound remains impressive, and investors have taken notice. If you prefer to stick with industry leaders, Eli Lilly could be the right choice for your portfolio. The one problem is that the stock is expensive, with a price-to-earnings ratio of 35x, as earnings appear to be catching up to the stock's lofty price. Expand NYSE : LLY Eli Lilly Today's Change ( -0.52 %) $ -5.31 Current Price $ 1016.10 Key Data Points Market Cap $962B Day's Range $ 1003.70 - $ 1037.88 52wk Range $ 623.78 - $ 1133.95 Volume 96K Avg Vol 3.1M Gross Margin 82.83 % Dividend Yield 0.63 % Novo Nordisk: The underdog is making a comeback Novo Nordisk was the first to market with a GLP-1 shot, and it was the first to market with a GLP-1 pill. Notably, the drug company's pill contains the same drug as the shot, so doctors and patients already have a lot of information about the pill to work off of. And it appears to be more effective than Eli Lilly's GLP-1 pill. Uptake for the Wagovy pill has been very s...
SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet. More Details About BTC’s Reserves The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion. The total cost basis of t...
SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet. More Details About BTC’s Reserves The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion. The total cost basis of these holdings was reported at $661 million, implying an average acquisition cost of around $35,324 per BTC. “The Company has ownership of and control over its digital assets, which consist of Bitcoin, and utilizes, and expects to continue to utilize third-party custodians to hold its Bitcoin,” the filing read. Read Also: A $25K Ticket Into SpaceX? Elon Musk's Rocket Giant Has A Growing Shadow Market SpaceX Joins Tesla SpaceX's Bitcoin holdings have attracted significant attention, with on‑chain data often indicating transfers. The latest filing added a stamp of confirmation. Notably, Musk's other company, Tesla Inc. (NASDAQ:TSLA), also owns a large Bitcoin position—11,509 BTC, currently worth more than $895 billion, according to on-chain data. Unlike SpaceX's filing, Tesla's quarterly reports do not explicitly mention Bitcoin. Musk said last year that Bitcoin is based on “energy,” categorizing it among "fundamental" currencies. An IPO Tsunami Ahead This disclosure comes as SpaceX gears up for its long-awaited IPO, which is expected to be the largest in market history. The company plans to list on the Nasdaq under the ticker SPCX. SpaceX is reportedly planning to raise around $75 billion at a valuation of nearly $1.75 trillion, a move that would make it the largest stock-market flotation in history Price Action: At the time of writing, BTC was exchanging hands at $77,963.82, up 6.02% in the last 24 hours, according to data from Benzinga Pro. Read Also: The 'Elon Musk Effect' Could Send SpaceX Stock Into Wild Swings After IPO Even If Starlink Makes 'Billions' In Profit, Warns...
Reliance Industries Ltd. ’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran. The conglomerate controlled by billionaire Mukesh Ambani has slowed preparations as it reviews the deal’s structure in response to geopolitical tensions and market volatility, according...
Reliance Industries Ltd. ’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran. The conglomerate controlled by billionaire Mukesh Ambani has slowed preparations as it reviews the deal’s structure in response to geopolitical tensions and market volatility, according to people familiar with the matter. The company still plans to file draft paperwork for the IPO and could pull the trigger at any time, though it has no firm date to do so, the people said, asking not to be identified to discuss private deliberations. The Middle East conflict has impacted the share sale plan in multiple ways: it worsened a downturn in Indian stocks, accelerated capital flight and slowed decision making by some of Jio’s key stakeholders. At the heart of the issue is a valuation concern after a deepening slump in the country’s equity markets, the people said. Read More: India’s $924 Billion Market Rout Shows Cost of Missing AI Wave The weakness makes it even more difficult to thread the needle between giving existing investors the returns they seek while also creating a buzz around the stock — a delicate balance that would be much easier in a booming market. The downturn also creates the risk of valuing Jio below rival Bharti Airtel Ltd . Jio’s listing, the first public offering by a major Reliance unit in nearly two decades, would be a landmark event for India’s struggling capital markets, The plan got a major boost in March, when the government approved changes to listing requirements to facilitate the biggest deals. But Ambani’s pledge to complete the deal in the first half of this year is at risk. The company has also pivoted to offering entirely new shares, scrapping earlier plans of selldowns by existing investors, people familiar with the deal have said. A representative for Reliance Industries didn’t immediately offer a comment. The IPO could fetch a...