zorazhuang/iStock via Getty Images Keyera ( KEYUF ) said Tuesday it closed its acquisition of the Canadian natural gas liquids business of Plains All American Pipeline ( PAA ) ( PAGP ), despite a challenge launched by Canada's federal competition regulator. The Commissioner of Competition filed an application with the Competition Tribunal to challenge the deal, alleging it will likely harm energy ...
zorazhuang/iStock via Getty Images Keyera ( KEYUF ) said Tuesday it closed its acquisition of the Canadian natural gas liquids business of Plains All American Pipeline ( PAA ) ( PAGP ), despite a challenge launched by Canada's federal competition regulator. The Commissioner of Competition filed an application with the Competition Tribunal to challenge the deal, alleging it will likely harm energy producers and stifle investment, with the key issue being competition at Canada's main NGL processing hub in Fort Saskatchewan, Alterta. Keyera ( KEYUF ) said it disagrees with the regulator’s assertions and characterization of the transaction and intends to respond through the Competition Tribunal process. The company said it is confident the deal strengthens competition across the region by creating a more efficient Canadian-based competitor with expanded connectivity and market access capabilities. More on Keyera and Plains All American Pipeline Keyera: A Transformational Acquisition Plains All American: Why I'm Downgrading This 8% Yield Despite The Oil Price Spike Plains All American: The Days Of Value Creation Are Here
TIAA CEO, Retirement Solutions Kourtney Gibson discusses retirement in a complex market landscape. She speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
TIAA CEO, Retirement Solutions Kourtney Gibson discusses retirement in a complex market landscape. She speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
FBI Director Kash Patel angrily lashed out at a Democratic lawmaker at a budget hearing Tuesday, calling allegations that he drinks excessively on the job and has been unreachable to his staff at times “unequivocally, categorically false”. “I will not be tarnished by baseless allegations and fraudulent statements to the media,” Patel told Senator Chris Van Hollen during a testy exchange that began...
FBI Director Kash Patel angrily lashed out at a Democratic lawmaker at a budget hearing Tuesday, calling allegations that he drinks excessively on the job and has been unreachable to his staff at times “unequivocally, categorically false”. “I will not be tarnished by baseless allegations and fraudulent statements to the media,” Patel told Senator Chris Van Hollen during a testy exchange that began when the Maryland Democrat confronted him about a recent article in The Atlantic magazine that...
It may seem like long ago that, for a period, visiting a loved one who was a patient in a public hospital was a logistical exercise, if it was allowed at all. That was, of course, during the Covid-19 pandemic. Visiting hours and the number of visitors allowed at any one time were limited. Visitors were permitted only on production of negative rapid antigen test or nucleic acid test results, and pr...
It may seem like long ago that, for a period, visiting a loved one who was a patient in a public hospital was a logistical exercise, if it was allowed at all. That was, of course, during the Covid-19 pandemic. Visiting hours and the number of visitors allowed at any one time were limited. Visitors were permitted only on production of negative rapid antigen test or nucleic acid test results, and proof of vaccination. That such measures were accepted as necessary says something about the times and...
Earnings Call Insights: Kopin Corporation (KOPN) Q1 2026 Management View "The first quarter and subsequent weeks marks one of the most exciting stretches in Kopin's history" (CEO, President & Chairman Michael Murray), highlighting "a strategic collaboration with Fabric.AI" and "our jointly developed Neural I/o optical interconnect technology for AI infrastructure" alongside continued defense order...
Earnings Call Insights: Kopin Corporation (KOPN) Q1 2026 Management View "The first quarter and subsequent weeks marks one of the most exciting stretches in Kopin's history" (CEO, President & Chairman Michael Murray), highlighting "a strategic collaboration with Fabric.AI" and "our jointly developed Neural I/o optical interconnect technology for AI infrastructure" alongside continued defense order growth. "Under our agreement with Fabric.AI and in addition to the $15 million initial purchase order to fund the demonstrable chipset, which we expect to be completed by the end of 2026, Kopin owns 19.9% of Fabric.AI and Kopin is their exclusive manufacturer of Neural I/o chipsets" (CEO, President & Chairman Murray). "In April, we announced our entry into the first-person viewer drone market with the launch of our Sentinel FPV product" and "received an initial $3.2 million order with potential delivery of up to 40,000 goggles by the end of 2028" (CEO, President & Chairman Murray). "Subsequent to quarter end, we announced a $21.5 million follow-on production contract from a major U.S. prime to manufacture custom thermal-imaging eyepieces and assemblies" (CEO, President & Chairman Murray). "We reiterate our 2026 revenue guidance range of $52 million to $60 million" (CEO, President & Chairman Murray), while describing it as "appropriate and conservative given the order momentum." "Total revenue for the first quarter ended March 28, 2026, were $10.6 million" (Treasurer & CFO Erich Manz), adding that improving utilization "should translate into better overhead absorption, margin expansion and a more efficient operating model over time." Outlook "We reiterate our 2026 revenue guidance range of $52 million to $60 million" (CEO, President & Chairman Murray). On whether guidance includes the Fabric.AI order: "It does" (CEO, President & Chairman Murray), adding, "We're being very conservative on the forecast." On potential embedded headwinds: "But nothing negative. We don't see any...
The dollar strength will build further over the near term as the energy-price shock will keep yields elevated as economic growth remains relatively resilient, according to Goldman Sachs Group. “The combination of rising inflation and relatively resilient growth has already meant higher-for-longer yields, and any further concern about the duration of the energy shock should continue to drive relati...
The dollar strength will build further over the near term as the energy-price shock will keep yields elevated as economic growth remains relatively resilient, according to Goldman Sachs Group. “The combination of rising inflation and relatively resilient growth has already meant higher-for-longer yields, and any further concern about the duration of the energy shock should continue to drive relative returns consistent with shifting terms of trade,” Karen Reichgott Fishman , a strategist at the bank, wrote Tuesday. “That scenario should also fuel broad dollar strength across Group of 10 currencies.” Fishman said “favorite hedges” are long the dollar versus the Swedish krona, euro and pound. The dollar has found support in haven flows after the US and Israel attack on Iran in late February upended energy markets. Along with the US being the world’s top oil producer, the greenback has benefited as elevated oil prices threaten to keep inflation at levels that could push the Federal Reserve to hike interest rates next year. The Bloomberg Dollar Spot Index rose 0.3% on Tuesday, its biggest gain this month, with oil prices pushing higher as a peace deal between the US and Iran remained elusive, extending the effective closure of the vital Strait of Hormuz. Meanwhile, active interventions into the foreign currency market are hard to maintain in the long run without a shift in the macro policies, Fishman also said. “For yen, one of the biggest drivers of the broad dollar, such a shift” doesn’t look imminent, she explained.
The U.S. might be facing a testy economic backdrop, with the Iran War, worries about oil rationing, and a return of inflation, but the market continues to soldier onward and upward. The market has clung onto one balloon in particular: chipmakers. From its March lows, the VanEck Semiconductor ETF ...
The U.S. might be facing a testy economic backdrop, with the Iran War, worries about oil rationing, and a return of inflation, but the market continues to soldier onward and upward. The market has clung onto one balloon in particular: chipmakers. From its March lows, the VanEck Semiconductor ETF ...
Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2% Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2%
Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2% Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2%
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Investment Management’s Jim Caron, Stifel Financial Chief Economist Dr. Lindsey Piegza, Deutsche Bank’s Michael Linenberg, TIAA’s CEO of Retirement Solutions, Kourtney Gibson, Cboe Global Markets’ Mandy Xu, Alge...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Investment Management’s Jim Caron, Stifel Financial Chief Economist Dr. Lindsey Piegza, Deutsche Bank’s Michael Linenberg, TIAA’s CEO of Retirement Solutions, Kourtney Gibson, Cboe Global Markets’ Mandy Xu, Alger CEO & CIO Dan Chung, S3 Partners Managing Partner Bob Sloan, 1789 Capital Partner Paul Abrahimzadeh & Co-Founder & Chief Brand Officer of HUNDY! Aviv Schor (Source: Bloomberg)