It didn’t start well for Mikel Arteta and Arsenal. On a crisp December night in 2019 at about 1am in a Manchester suburb, Vinai Venkatesham stepped out of Arteta’s home. The Arsenal managing director looked around, satisfied with his meeting. Arteta had just outlined a “hugely impressive” five-year plan to rebuild a club reeling from Arsène Wenger’s departure and Unai Emery’s failed succession. Venkatesham stepped into his car and was driven away with his colleague Huss Fahmy. The club were about to take a huge gamble, but one with which they were increasingly comfortable. For many Arsenal executives, Arteta had won the interview round in 2018 when Wenger left. Yet it seemed too much to ask a 36-year-old rookie to manage a seismic transition and Emery had pedigree and experience; Arteta had charisma and a strong playing record. Now Venkatesham was pushing Arteta as the principal candidate to replace Emery. It was important not to antagonise Manchester City, where he was Pep Guardiola’s assistant. Discretion was essential. Which was why Venkatesham was puzzled to be woken early that morning by a phone call from Arsenal’s media chief telling him to look at the Sun. The first he knew he had been photographed leaving Arteta’s house was when the images were published online. It was, to put it mildly, an embarrassment. There was “displeasure” from City, said one source. “Noises were made at boardroom level.” Arteta, who was announced as head coach a week later after several days of somewhat fraught negotiations, could have joined Arsenal’s staff when he quit as a player in 2016. But even some at the club told him that joining Guardiola at City would be “the equivalent of a master’s degree in coaching”. The prognosis for the new Arsenal manager did not look promising when he stepped out at Bournemouth on Boxing Day for his first game. His five-year plan outlined how the club had fallen behind. He and the sporting director, Edu, wanted to rebuild a squad of 22 high-quality,...

Morsa Images/E+ via Getty Images Thesis We’ve seen a lot of new information on ImmunityBio Inc. ( IBRX ) since I last covered the stock, including 1Q26 earnings as well as a deal for Tokyo-172 BCG. Hence, why I feel now is a good time to discuss how the rest of FY26 is shaping up. My long-term bull case is that ImmunityBio is evolving into a bladder cancer immunotherapy platform and is not just a single-product story. The big drivers are, of course, accelerating Anktiva adoption and strong revenue growth momentum. There’s also a potential approval of the papillary sBLA that would significantly expand the addressable NMIBC population, which needs some discussion. This would turn Anktiva into a broader backbone therapy alongside BCG rather than just a niche salvage option. On top of that, we have the Tokyo-172 BCG deal and rBCG partnership to help create a dual-source, FDA-anchored BCG supply platform. This is a far bigger deal than some investors think and is supported by some Phase III non-inferiority data, which could help resolve a decade-long supply bottleneck and push global expansion into ex-U.S. markets. 1Q26 recap Just to go over last quarter's financials briefly, ImmunityBio showed us a pretty strong top-line performance in 1Q26 . Net product revenue managed to hit $44.2 million, about a 168% year-over-year increase and a 15% gain over last quarter. So there is clearly a lot of continuing commercial momentum from Anktiva, which was nice to see. Physician adoption of Anktiva is one of the main drivers here. So that growth builds on an already 700% revenue surge in FY25, which goes to show that the company is now starting to transition from the early commercial phase into a much more scalable revenue-generating biotech. Operationally speaking, however, the financial picture here gets a bit more complex, in the sense that while revenue growth is certainly robust, operating expenses are starting to rise pretty significantly. This would be particularly true for R...

Image source: The Motley Fool. Thursday, April 16, 2026 at 10 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Alessandro Petruzzi Chief Development Officer and Director of Investor Relations — Giordano Morichi Chief Financial Officer — Katherine Williams TAKEAWAYS Pre-Commercial Commitments -- Approximately $4 billion in non-binding MOUs covering about 200 SOLO units were in place at year-end, signaling material customer engagement. -- Approximately $4 billion in non-binding MOUs covering about 200 SOLO units were in place at year-end, signaling material customer engagement. Cash Position -- Total funds available exceeded $100 million as of December 31, with management stating, "we are well positioned from a cash perspective to be fully covered up to commercialization of the SOLO reactor." -- Total funds available exceeded $100 million as of December 31, with management stating, "we are well positioned from a cash perspective to be fully covered up to commercialization of the SOLO reactor." SOLO Manufacturing Milestone -- The company achieved production of the SOLO graphite reactor core engineering prototype, confirming the "required tolerance" for design and manufacturability and enabling transition to standardization for serial production. -- The company achieved production of the SOLO graphite reactor core engineering prototype, confirming the "required tolerance" for design and manufacturability and enabling transition to standardization for serial production. Supply Chain Execution -- Terra Innovatum reduced suppliers from 130 initially identified to 30 contracted suppliers, securing end-to-end sourcing for both nuclear and non-nuclear components. -- Terra Innovatum reduced suppliers from 130 initially identified to 30 contracted suppliers, securing end-to-end sourcing for both nuclear and non-nuclear components. Regulatory Progress -- Ten topical reports and a similar number of white papers were submitted to the U.S. NRC, supporting advancement to the cons...

It gave no update on Wednesday, and no timeline for when or how the whale would be removed. However, it said earlier that work was under way for a solution that would allow for both "a post mortem examination and for valuable scientific samples to be secured for research purposes".

ASML Holding (ASML +6.11%) stock jumped 6.3% through 11:25 a.m. ET Wednesday after receiving a vote of support from UBS. In a note covered on StreetInsider.com this morning, the Swiss megabanker raised its price target on ASML stock by nearly 19%, to EUR1,900 (that's about $2,210 -- about 43% more than ASML stock costs today). Why UBS loves ASML It's no mystery why UBS would be raising price targets on ASML today: The reason is rising demand for artificial intelligence chips. UBS is convinced AI chip supplies are tightening amid rising demand, driving up prices and "driving a more prolonged investment cycle extending into 2028." As arguably the key provider of machines for manufacturing semiconductor chips, ASML should directly benefit from increased investment in these machines -- which is to say increased buying of the machines by manufacturers such as Intel (INTC +5.47%) and Taiwan Semiconductor Manufacturing Company (TSM +2.39%). UBS argues that ASML can produce enough machines to grow semiconductor supplies by 50% next year, and that ASML itself should be able to grow sales strongly over the next 12 to 18 months. In UBS's opinion, this makes ASML its "top sector pick" in semiconductors. Expand NASDAQ : ASML ASML Today's Change ( 6.11 %) $ 89.10 Current Price $ 1548.54 Key Data Points Market Cap $562B Day's Range $ 1492.78 - $ 1555.00 52wk Range $ 683.48 - $ 1603.49 Volume 47K Avg Vol 1.7M Gross Margin 52.60 % Dividend Yield 0.60 % What it means for ASML stock Which all sounds logical, but... ASML stock has roughly doubled in price over the past year. Is it still cheap enough to buy? That's where I start to worry UBS is getting off track. Priced at more than 48 times trailing earnings, but with earnings growth forecast at only 23% over the next five years and real free cash flow lagging reported earnings a bit, ASML is not a cheap stock. Although a great company, growing strongly, and integral to the semiconductor supply chain, I cannot recommend ASML stock at i...

Key Points UBS raised its price target on ASML stock by 43% this morning. AI chips remain in deficit, and ASML builds the machines that can solve this problem. 10 stocks we like better than ASML › ASML Holding (NASDAQ: ASML) stock jumped 6.3% through 11:25 a.m. ET Wednesday after receiving a vote of support from UBS. In a note covered on StreetInsider.com this morning, the Swiss megabanker raised its price target on ASML stock by nearly 19%, to EUR1,900 (that's about $2,210 -- about 43% more than ASML stock costs today). 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 » Why UBS loves ASML It's no mystery why UBS would be raising price targets on ASML today: The reason is rising demand for artificial intelligence chips. UBS is convinced AI chip supplies are tightening amid rising demand, driving up prices and "driving a more prolonged investment cycle extending into 2028." As arguably the key provider of machines for manufacturing semiconductor chips, ASML should directly benefit from increased investment in these machines -- which is to say increased buying of the machines by manufacturers such as Intel (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Company (NYSE: TSM). UBS argues that ASML can produce enough machines to grow semiconductor supplies by 50% next year, and that ASML itself should be able to grow sales strongly over the next 12 to 18 months. In UBS's opinion, this makes ASML its "top sector pick" in semiconductors. What it means for ASML stock Which all sounds logical, but... ASML stock has roughly doubled in price over the past year. Is it still cheap enough to buy? That's where I start to worry UBS is getting off track. Priced at more than 48 times trailing earnings, but with earnings growth forecast at only 23% over the next five years and real free cash flow lagging reported ...

This week of The Dealmaking 3 with “The Sports Professor” Rick Horrow breaks down this week’s three biggest deals at the intersection of sports, technology, and philanthropy. IBM launches its 2026 Sports Tech Startup Challenge at Web Summit Vancouver — a global initiative targeting AI startups from Seed to Series B, with showcases in Rio and Lisbon and a prize of up to $100,000 for the winner, all focused on transforming fan engagement, athlete performance, and stadium operations. Athletes for Hope raises $150,000 at its fourth annual Putt for Passion Golf Tournament on May 4th in Bethesda, Maryland, and the headline number: the global sports technology market is projected to hit $40 billion in 2026 and $192 billion by 2034, with wearable technology commanding 32% of current market share and fan experience growing at 27% annually — the fastest segment in the entire space. READ MORE Register for our weekly newsletter HERE Contact: CorpGov.com Editor@CorpGov.com Click HERE to follow us on LinkedIn The post The Dealmaking 3: IBM’s AI Sports Challenge, Athletes for Hope & The $192B Sports Tech Boom appeared first on CorpGov.

Tom Werner/DigitalVision via Getty Images Investment Thesis IQVIA Holdings Inc. ( IQV ) continues to be viewed primarily as a traditional CRO business, despite the company growing its higher-margin Commercial Solutions segment, which includes analytics and AI offerings. I believe the market may be ignoring the value of IQVIA’s database and the role it could play in an AI-driven pharma industry. Leverage remains an important risk, with net debt approaching 5x EBITDA, but the combination of hidden double-digit growth, margin expansion, and buybacks makes me give it a Buy rating. AI Is Changing The CRO Industry IQVIA is a Contract Research Organization (or CRO), managing and supporting clinical trials, since pharmaceutical companies typically outsource these functions because they're really complex and expensive. So, paying another company with scale, specialized personnel, and experience seems like a good way for a pharma company to reduce its R&D expenses and focus on simply bringing its product to market. That said, I think IQVIA is different from a traditional CRO, where traditionally growth depended on adding more employees that could perform more studies. IQVIA still has exposure to that traditional business through its Research & Development Solutions segment, which generated $2.4 billion in revenue during Q1 2026 and grew 6.2% year-over-year. One of the market’s recent concerns is that AI could eventually replace parts of the CRO industry. The logic is that if AI can automate protocol design, improve patient recruitment, analyze clinical data faster, and reduce the need for manual trial monitoring, then traditional CROs may end up needing fewer people and generating less revenue over time. But IQVIA's management said that AI is actually increasing demand for its services because AI is only as useful as the underlying healthcare data they are trained on. In other words, AI alone is probably not enough in a highly regulated industry like healthcare, and pharma co...

Here are the companies making headlines in midday trading. Intuit – The maker of TurboTax software saw shares tumble more than 3% after Reuters reported that Intuit will be slashing about 17% of its workforce, or roughly 3,000 employees. Hasbro – The toy company and maker of the "Magic: The Gathering" game saw shares drop more than 8%. Hasbro reaffirmed its call for full-year adjusted EBITDA of $1.40 billion to $1.45 billion, versus the FactSet consensus estimate of $1.44 billion. The company also said that during the second quarter of 2026, it began incurring costs related to a cybersecurity breach. AMC Entertainment – The movie theater stock and former meme darling jumped 13% after CEO Adam Aron disclosed the purchase of 250,000 shares, valued at about $344,000. He also took to social media platform X to post, "I have great confidence in AMC's future." Travel stocks – Shares of airlines and cruise operators rose as oil prices tumbled. West Texas Intermediate crude futures for July delivery fell more than 4%. In turn, United Airlines jumped 9%, while Delta Air Lines advanced 8%. Carnival jumped about 7%, as did Norwegian Cruise Lines . Toll Brothers — The homebuilder added nearly 8% after reporting fiscal second-quarter earnings of $2.72 per share, beating the $2.57 analysts polled by LSEG had expected. Toll Brothers' $2.51 billion revenue also came in above the forecast $2.42 billion. Target — The retailer lost about 4%, reversing earlier gains. Target reiterated its full-year 2026 forecast for 20 basis points of operating margin expansion from the prior year. The company reported a beat on first-quarter numbers and hiked its full-year sales outlook. The company earned $1.71 per share on revenue of $25.44 billion. Analysts expected a profit of $1.46 per share on revenue of $24.64 billion, per LSEG. Cava — Shares popped 5% after the Mediterranean fast-casual chain hiked its adjusted EBITDA guidance for the full year to between $181 million to $191 million, versus i...

Stocks making the biggest moves midday: United Airlines, Toll Brothers, Hasbro, Nvidia & more CNBC

A Northern Minerals rare earth exploration site. Photo: Northern Minerals Australia has ordered six foreign investors linked to China to divest their 17.58% stake in the country's largest heavy rare earths developer, Northern Minerals, citing national interest concerns. The May 18 directive issued by Treasurer Jim Chalmers gives the group 14 days to sell nearly 1.68 billion shares. The targeted shareholders include corporate entities registered in the Chinese mainland, Hong Kong, and the British Virgin Islands, alongside two Chinese individuals.

Ellington Credit (NYSE:EARN) reported a GAAP net loss of $0.86 per share for the quarter ended March 31, 2026, as volatility in the collateralized loan obligation market weighed on asset valuations, particularly CLO equity holdings. Chief Executive Officer Larry Penn said the first calendar quarter was marked by “continued volatility in the CLO market,” with broader market conditions pressuring valuations and driving a decline in net asset value. However, Penn said the company’s active trading strategy and bias toward higher positions in the capital stack helped it outperform peers. “We believe that the first quarter largely represented a technical dislocation that reset valuations and expanded the opportunity set rather than a fundamental deterioration in underlying credit quality,” Penn said. CLO Equity Marks Drive Quarterly Loss Chief Financial Officer Chris Smernoff said the quarterly loss was primarily driven by mark-to-market losses in CLO equity, while CLO mezzanine debt was comparatively more resilient. Adjusted Net Investment Income declined by $0.02 from the prior quarter to $0.19 per share, reflecting lower asset yields on CLO equity positions. The weighted average cost yield on the CLO portfolio was 12.5%, down from 13.7% in the prior quarter, primarily due to lower projected cash flows. Penn said CLO equity faced several headwinds during the quarter, including compressed excess spread following a loan repricing wave in January, wider market clearing yields and concerns about lower-quality loan borrowers. He cited Nomura Research estimating a median CLO equity return of negative 13% for the quarter. The quarter began constructively, with credit spreads tightening and leveraged loan prices rising early in the year. But Penn said that momentum faded in late February amid concerns about AI-driven disruption in the software sector, which he described as “a small but meaningful component of most CLO collateral pools.” Broader risk-off sentiment was amplified ...

The global semiconductor landscape is bracing for impact as Nvidia (NVDA) prepares to report its fiscal first-quarter 2027 financial results tonight after the closing bell. Wall Street's consensus is hovering at a breathtaking bar, with analysts projecting a non-GAAP profit of $1.78 per share on record revenue of $79.2 billion. Achieving these figures would represent an explosive year-over-year revenue expansion of roughly 79.5%, a testament to the unyielding appetite for artificial intelligence infrastructure. However, this print has transcended being a standalone corporate milestone; it acts as the definitive macro bellwether for the tech sector. Because Nvidia sits at the apex of advanced computing, its forward-looking guidance and supply chain updates will inevitably dictate the trading momentum and strategic valuations of its closest rivals, Advanced Micro Devices (AMD) and Intel (INTC). The AMD readout: checking the depth for the challenger’s moat For Advanced Micro Devices, Nvidia's report is a double-edged sword that provides crucial validation for its own aggressive AI roadmap. Having recently posted a blockbuster forecast pointing to $11.2 billion in second-quarter revenue, AMD has proven that it is the primary challenger to Nvidia's crown. Tonight, investors will dissect Nvidia’s Blackwell architecture ramp to gauge whether demand continues to outstrip supply, leaving a massive secondary spillover market for AMD’s MI350 and MI400 accelerators. If Nvidia notes any deceleration in enterprise capital expenditures or hardware digest periods, multiple compression will swiftly hit AMD stock. Conversely, if Nvidia underlines a structural supply deficit, it signals to hyperscalers that they must diversify their pipelines, validating AMD's push to secure market share in data center inference workloads. Heading into Nvidia’s release, Wall Street has a consensus “strong buy” rating on AMD stock with price targets going as high as $625, indicating significant further...

Nokia (NOK) ruled the mobile phone industry during the late 90s and early 2000s. For a while, it was untouchable. But its decline came when it failed to adapt to the rapidly growing smartphone market and the intense competition from Apple (AAPL) and Samsung Electronics @samsung (SMSN.L.EB). However, fate has now taken a different turn for Nokia. Last year, Nvidia (NVDA) and Nokia announced a major strategic partnership to develop AI-powered telecom infrastructure using AI-RAN technology. Any strategic investments from Nvidia often attract attention because investors view the chip giant as one of the best judges of future AI infrastructure winners. And, according to Nvidia’s recent 13F filing, the company still holds 166.4 million Nokia shares, now valued at $1.34 billion. Nokia’s strong Q1 earnings report in April has already pushed the stock 110% so far this year, surpassing the broader market and even Nvidia’s 20% gain. Nvidia’s backing may help improve investor perception of Nokia, pushing the stock higher as it continues reinventing itself. Nokia Is No Longer Just a Smartphone Story While many investors still associate Nokia for its failed smartphone battle with Apple and Samsung, the company is making a powerful comeback. It is trying to reinvent itself around AI infrastructure and next-generation networks. Its business model has now evolved. It is now a critical supplier of AI infrastructure, optical networking, cloud connectivity, and AI-native telecom systems. Nokia reported a solid start to 2026 with 2% increase in comparable revenue to $5.2 billion, and 67% increase in earnings-per-share to $0.06. Net sales tied to AI and cloud customers surged 49%, while Nokia received nearly $1.16 billion in new orders, primarily from optical networks. Optical networks continues to be one of Nokia’s strongest-performing businesses. Overall, network infrastructure sales grew 6%, while optical networks revenue surged 20%, mostly driven by AI and cloud customers. The compan...

AMZN: Jeff Bezos Optimistic About Future of Space Economy GuruFocus

Key Points Its future may depend less on subscriber growth and more on monetization. Advertising could become the biggest long-term growth driver. The trillion-dollar thesis comes with high expectations. 10 stocks we like better than Netflix › Netflix (NASDAQ: NFLX) already changed how the world watches entertainment. It built the leading global streaming platform, expanded into more than 190 countries, and became one of the most profitable media companies in the world. Now investors are asking a bigger question: Could Netflix eventually become a trillion-dollar company? 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 » At first glance, that sounds ambitious. Netflix already carries a massive valuation, and subscriber growth has slowed from its early hyper-growth years. But the company is also evolving in ways that could significantly increase its long-term profitability. The path to $1 trillion exists. But so do the obstacles. Why Netflix could get to the $1 trillion mark The biggest reason Netflix could eventually reach a trillion-dollar valuation is simple: The business model is becoming more profitable. For years, investors focused mainly on subscriber growth. But Netflix has quietly shifted toward monetization. Instead of just adding users, the company is trying to earn more from its existing audience, mainly by raising prices. In fact, it has raised prices almost every year for close to a decade, and will likely continue to do so in the years to come. Beyond subscription income, advertising is increasingly playing a major role in growing long-term profitability. Netflix's ad-supported plans already reach more than 250 million active users globally. That gives the company a large premium audience that advertisers want to reach. More importantly, advertising can become enormously profitable once...

What Happened? A number of stocks fell in the afternoon session after a broad-based sell-off hit the semiconductor sector following news of a potential strike at Samsung and a stake sale by Taiwan Semiconductor Manufacturing (TSMC), which rattled global chip supply chains. These events highlighted significant supply-chain risks, triggering a sharp reversal across the chip industry. Adding to the sector's weakness were rising valuation concerns, inflation fears, and broader market jitters that led to renewed selling pressure on major companies like NVIDIA, Intel, and Micron Technology. Furthermore, ongoing supply constraints for rare earth materials, which are used in semiconductor manufacturing, reportedly caused delays and higher input costs for firms in the sector, compounding the negative sentiment for chip-related stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On MACOM (MTSI) MACOM’s shares are very volatile and have had 21 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock dropped 4.5% after the hot April CPI sent Treasury yields higher, eliminating 2026 rate-cut hopes, a direct headwind for high-multiple growth stocks. Semiconductor companies sell into long-cycle hardware demand, but their stocks behave like growth equities, valued on future earnings. The discount rate investors apply to those future earnings is set by Treasury yields. When yields rise, as they did during the day on the hot CPI print, the present value of future earnings falls mechanically, compressing the price-to-earnings multiple investors are willing to pay. MACOM is up 102% since the beginning of the year, and at $352.95 per share, it ...

Lyft (LYFT) remains on "stable competitive footing" despite investor concerns about slowing US rides Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.

Peter Orszag, CEO of Lazard, joins Dani Burger on "Bloomberg Deals." NextEra Energy’s $67 billion deal for Dominion Energy vaults Lazard several steps up in the closely watched Wall Street league tables. The deal shores up Lazard’s long-time reputation as a go-to adviser on big deals. (Source: Bloomberg)

北京时间5月21日凌晨，美股周三午盘走高，道指上涨逾400点。美国国债收益率回落。油价大幅下跌，同时交易员等待美联储会议纪要及英伟达第一季度财报的发布。 道指涨484.08点，涨幅为0.98%，报49847.96点；纳指涨352.63点，涨幅为1.36%，报26223.34点；标普500指数涨68.10点，涨幅为0.93%，报7421.71点。 周三早间，西得克萨斯中质原油期货下跌4%，交易价格约为每桶99美元。布伦特原油回落5%，至每桶105美元附近。 投资者正将注意力转向英伟达，该公司将在收盘后公布第一季度财报。这份报告将成为洞察人工智能交易的重要窗口，并提供芯片需求的最新动态。该公司股价最新上涨2%。 Main Street Research首席投资官James Demmert表示：“英伟达是最重要的AI股票，由于过去几年股市的大部分涨幅都是由AI惊人的能力推动的，因此周三财报的结果对这个市场意味着一切。” 今年迄今，英伟达已上涨近21%。 James Demmert指出，尽管市场对这家芯片制造商和AI宠儿存在疑虑——尤其是考虑到其过去五年累计涨幅超过1400%，但在财报公布前，市场预期“有些平淡”。 “英伟达财报中的关注点是：因存储芯片价格上涨导致利润率压缩的任何迹象，以及该公司如何应对在中国的销售情况，”他补充道。 交易员还预计将于美东时间周三下午2点公布的美联储4月会议纪要。 债券市场近几日令投资者感到不安，30年期国债收益率触及2007年以来最高水平，10年期收益率也逼近多年高点。 市场日益担忧，因油价上涨，通胀可能再度抬头，而即将由凯文·沃什领导的美联储在抗击通胀方面已落后于曲线。利率上升可能使已在能源成本上涨威胁下的经济脱轨。 周三，10年期国债收益率下跌9个基点，30年期国债收益率下跌7个基点。 责任编辑：张俊 SF065

Ecuador’s Jhonatan Narváez edged out the Spaniard Enric Mas at the end of Wednesday’s stage 11 to win his third stage of this year’s Giro d’Italia as Afonso Eulálio retained the leader’s pink jersey. Narváez (UAE Team Emirates XRG) and Mas (Movistar) were left to battle for the win after leaving the breakaway group on the final climb and Mas made the first move, only for the Ecuadorian to overtake him before the line. The Italian Diego Ulissi (XDS Astana) won the race for third place at the end of the entertaining 195km ride from Porcari to Chiavari. “Mas was the strongest in the climb and I knew I had to play my game, I just tried to defend myself on the uphill,” said Narváez. “I was scared because when he did the sprint he almost closed me on the barriers and I was on the limit, but it was full gas racing all day, because we don’t race just in the uphills, we race on the downhills also.” View image in fullscreen Riders make their way from Porcari to Chiavari. Photograph: Marco Alpozzi/LaPresse/AP There was no change at the top of the general classification, with Portugal’s Eulálio maintaining his 27-second lead over the race favourite Jonas Vingegaard. The first half of the stage provided plenty of opportunities for breakaways from the peloton before the riders reached the first of three categorised climbs. Early attacks were reeled in and the group that managed to get away grew in size as others left the bunch to go in chase, before the race settled down on the second climb with a 12-man group over three minutes ahead of the peloton. A crash on the descent brought down three of the leaders, and the breakaway began to split. On the uncategorised climb before the finish, Mas attacked and Narváez followed. And with Mas unable to shake off the Ecuadorian before the descent, Narváez was always going to be the favourite in a sprint finish. View image in fullscreen More scenic scenes on the road to Chiavari. Photograph: Marco Alpozzi/LaPresse/AP Mas, a three-time runner...

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is a senior correspondent and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Microsoft has recruited game industry analyst Matthew Ball as Xbox chief strategy officer. Ball publishes an annual state of video gaming report, which is a popular read across the game industry, and he’s “widely respected across gaming, media, and technology,” according to Xbox CEO Asha Sharma. Sharma announced Ball is joining Microsoft in a memo to Xbox employees this morning, seen by The Verge. She described Ball as a “longtime gamer,” who has held strategy and leadership roles at Illumination, Amazon Studios, Otter Media, and Accenture Strategy. “Matthew has been partnering with us on strategy since day 10 and will officially start this month, reporting to me,” says Sharma. Xbox also has a new chief technology officer. “Scott Van Vliet is joining as our CTO,” says Sharma. “Scott has spent more than two decades building technology and consumer platforms across cloud, commerce, gaming, and entertainment.” Scott Van Vliet led Azure AI infrastructure at Microsoft before joining Xbox, and he has previously worked at Amazon on Fire TV, the Appstore, and more. “Scott has also been part of the XBOX community since the original Live beta in 2002,” says Sharma. “There are no changes to Hardware, Helix, or OS, which will continue reporting to me. Scott will begin ramping up now and formally start after Showcase.” Sharma is also promoting Chris Schnakenberg to corporate vice president of partnerships and business development as part of today’s Xbox leadership changes. These are the second major Xbox leadership changes in a matter of weeks. Earlier this month Sharma adding some new faces to Xbox who used to work alongside her in Microsoft’s CoreAI division. It sounds like these leadership changes won’t be the last, either. “These changes are about strengthening our...

The jury had been directed that it could reach a majority verdict, but jurors were discharged earlier after failing to do so after nearly 20 hours of deliberating.

Share "The Storm-Proof State: How the Bahamas Built a Sovereign Cloud Against the Odds" on Twitter Share "The Storm-Proof State: How the Bahamas Built a Sovereign Cloud Against the Odds" on Facebook Share "The Storm-Proof State: How the Bahamas Built a Sovereign Cloud Against the Odds" on LinkedIn For the Commonwealth of The Bahamas, a "bad day at the office" isn't just a technical glitch—it’s a Category 5 hurricane. In a region where emerald waters can turn into a destructive force of nature within hours, the government faced a recurring nightmare: how do you keep a nation running when the physical world is underwater? The challenge wasn't just the wind and rain. It was the digital aftermath. For years, the government’s digital infrastructure was a patchwork of fragmented systems scattered across various departments. During storm seasons, physical server rooms were sitting ducks for power outages and structural damage. When the power went out and the towers leaned, critical services—from revenue collection to emergency security systems—often went dark exactly when citizens needed them most. The Sovereign Dilemma Beyond the weather, there was the issue of data sovereignty. While global hyperscalers offered a quick fix, the Bahamian government needed to ensure that mission-critical national data stayed within its own borders. They needed a solution that was world-class in capability but local in control. The goal was clear: Build a "sovereign, hurricane-proof private cloud" that could withstand the most extreme conditions the Atlantic could throw at it. The Solution: A Unified Front To turn this vision into reality, the government partnered with Cloud Carib and Broadcom to implement a high-availability private cloud powered by VMware Cloud Foundation (VCF). Instead of fragile, disparate stacks, they moved to a consolidated infrastructure, integrating storage, networking, and compute into a single, streamlined management platform. To ensure the system was truly "storm...

财联社5月21日讯（记者 刘建） 昨日晚间， 天域生物 （603717.SH）发布2025年年度股东会决议公告，其中《关于向部分大股东借款暨关联交易议案》遭否决。 公司相关人士回应财联社记者称，“因为这个议案大股东要回避的，不知道为什么通过网络投票被小股东否了”；“公司是缺钱的，（但）有其他办法，这个议案不通过也不代表就不能借，信息披露手续会多一道。” 公告显示，今日下午召开的天域生物年度股东大会上，84位股东及代理人出席，持有表决权股份总数约3853.92万股，占公司总股本近14.9488%。 具体来看，其中议案《关于向部分大股东借款暨关联交易的议案》投票结果是同意票454340 票，占比35.29%，反对票822300票，占比63.88%。该项议案表决时，公司关联股东已回避表决。 该项议案内容显示，公司拟向控股股东罗卫国及其控制的天域元申请总额不超过1.5亿元人民币的借款额度、拟向持股5%以上的股东史东伟申请不超过1亿元人民币的借款额度，借款期限均自2025年年度股东会审议通过之日起至2026年年度股东会召开之日止。 财联社记者注意到，该笔议案的背景是天域生物近年来的持续亏损。 天域生物以生猪养殖、分布式光伏和生态环境为主营业务。据Choice数据显示，公司2020-2025年连续六年出现亏损，归母净利润分别为-1.57亿元、-2.15亿元、-3.12亿元、-4.62亿元、-1.07亿元、-1.07亿元，在今年第一季度，公司再次录得亏损1052万元。 更令人忧虑的是其债务水平。截至今年一季度末，公司的资产负债率为79.51%，这一数据高于同行业上市公司平均水平。另外，公司账上货币资金余额仅为1.3亿元，但公司流动负债高达12.14亿元，其中短期借款和一年内到期的非流动负债合计2.44亿元，应付账款为6.18亿元。 还需要注意的是，今年年初，公司实控人罗卫国因涉嫌违规减持天域生物股票，被证监会立案调查，随后他辞去董事长、董事等上市公司职务。到了今年4月初，罗卫国所持股份中已有合计2215.18万股（占其持股59.47%）被司法冻结或标记。 对于接下来公司会如何解决财务紧张问题，前述天域生物相关人士进一步告诉财联社记者，“现在大股东被立案调查期间，融资渠道受限，只能先靠一靠股东了。”

Phiwath Jittamas/iStock via Getty Images This is my second coverage of Root ( ROOT ). I published my previous article in July 2025, when I suggested that the company’s reliance on artificial intelligence and telematics will create a strategic advantage due to better risk assessment. I argued that these technological advances would translate directly into low loss ratios. Additionally, I suggested that this pivot from direct-to-consumer digital advertising toward an embedded business model through Carvana would significantly lower customer acquisition costs. I believed this would eventually lead to better profitability. Although this did materialize as Q1 2026 was the most profitable quarter with a record net income of approximately $36 million, the growth slowed down. This led to a severe drop in the stock price, and the company underperformed the overall market. In this analysis, I will examine their latest quarter, provide an update on the embedded business model and partnership with Carvana. Finally, based on these facts I will provide my updated valuation model and try to justify my continued ''Buy'' rating. AI and Data Advantage For Q1 2026 Root reported a net combined ratio of 91.4% which was an improvement from a net combined ratio of 95.6% in Q1 2025. This was, I believe, due to a lower loss ratio that relied on the data advantage. While traditional insurers rely heavily on the car owner's stats like credit score, age, past traffic accidents, and whether the insuree was at fault, Root utilizes sensors in smartphones to collect additional behavioral data like speed, driving hours and hard braking. The company, thus, has hard data and is able to better price policies for the safest drivers. This in turn impacts margins. In the Q1 Shareholder letter management noted that ''we are driving toward a fully automated, AI-based, closed-loop insurance platform spanning acquisition, underwriting, pricing, and claims. This integrated system compounds in value: improveme...

Tim Robberts Stock index futures edged higher Wednesday as investors await the highly anticipated earnings data from tech giant Nvidia ( NVDA ). Now, here are 5 news stories that broke in the morning to watch out for: SpaceX prepares for record-breaking IPO: SpaceX ( SPACE ) is preparing for a stock market debut that could dwarf every major initial public offering in history, with the Elon Musk-led rocket and satellite company said to be aiming to raise as much as $80 billion or more. If the company reaches an estimated valuation of roughly $1.71 trillion at the time of its offering, it would surpass the previous record for the world’s most valuable newly public company, set by Saudi Aramco ( ARMCO ) during its 2019 IPO, The Wall Street Journal reported Wednesday. China signals rare earth cooperation with U.S.: China’s government said Wednesday its export controls on certain rare earths and other minerals are legitimate and legal but will work with the U.S. on “reasonable” concerns while also planning to speed up construction of strategic mineral reserve sites. Following President Trump’s meeting in Beijing last week with China’s President Xi, the Trump administration said China agreed to address concerns around shortages of rare earths such as yttrium and scandium as well as other critical minerals. Visa warns AI-enabled scams becoming top consumer threat: Criminals have shifted their focus to scams targeting individuals rather than exploiting vulnerabilities in payment networks to steal, Visa ( V ) said in its Spring 2026 Biannual Threats Report on Wednesday. Scams have become the fastest-growing source of consumer harm as criminals harness artificial intelligence and social engineering to manipulate people to authorize payments to them. UK retailers reject government grocery price cap proposal: British retailers are pushing back against a government proposal to introduce voluntary price caps on essential groceries, with Marks & Spencer chief executive Stuart Mach...

With Treasury yields sliding and the broader market trading near record highs, retail investors hunting for reliable passive income are getting squeezed. That makes brand-name dividend payers trading under $40 a share unusually interesting right now: you get household-name stability, room to compound shares, and yields that comfortably top what a savings account is paying. ... Want Super Safe Dividend Income? Invest $5k Into These 3 Under $40 Stocks