Earnings Call Insights: Xenon Pharmaceuticals (XENE) Q1 2026 Management View "We are excited to recap an exceptional quarter for Xenon, where we made tremendous progress toward our goal of becoming a fully integrated neuroscience company" (President, CEO & Director Ian Mortimer), while highlighting Phase III momentum for azetukalner (AZK): "In March, we reported results from our Phase III X-TOLE2 ...
Earnings Call Insights: Xenon Pharmaceuticals (XENE) Q1 2026 Management View "We are excited to recap an exceptional quarter for Xenon, where we made tremendous progress toward our goal of becoming a fully integrated neuroscience company" (President, CEO & Director Ian Mortimer), while highlighting Phase III momentum for azetukalner (AZK): "In March, we reported results from our Phase III X-TOLE2 study of azetukalner, or AZK, in focal onset seizures that exceeded our expectations. Now with these positive data in hand, we are focused on our NDA submission to the FDA expected in the third quarter of 2026" (President, CEO & Director Mortimer). "Our base case assumption is a standard review period followed by DEA scheduling, which would put the anticipated launch timing at the end of 2027 or early 2028" (President, CEO & Director Mortimer), alongside continued enrollment across epilepsy and neuropsychiatry: "our Phase III X-ACKT study continues to enroll" (President, CEO & Director Mortimer) and "we're on track to deliver top line results from X-NOVA2 in the first half of 2027" (President, CEO & Director Mortimer). "We observed an MPC reduction of 53.2% for 25 milligrams, 34.5% for 15 milligrams and 10.4% for placebo" (Chief Medical Officer Christopher Kenney), and he described increasing seizure-freedom signals within the Phase III double-blind period: "the 100% responder rate over the 12-week double-blind period for 25 milligrams was 6.5%. But over the last 6 weeks, it increased to 11.3% and over the last 4 weeks, it increased further to 13.7%" (Chief Medical Officer Kenney). "The completion of our $747.5 million financing... significantly extends our cash runway into 2029" (President, CEO & Director Mortimer), and the company emphasized launch preparation in parallel with clinical execution: "we are focused on building out our commercial infrastructure and finalizing our go-to-market strategy" (President, CEO & Director Mortimer) and "we have initiated discussions wi...
Earnings Call Insights: Eastman Kodak (KODK) Q1 2026 Management View "The story of the first quarter is a story of consistency, stability and growth," said Executive Chairman & Chief Executive Officer James Continenza, adding, "I'm pleased to see strong year-over-year performance over the last 3 consecutive quarters." "Consolidated revenue is up 7% to $265 million compared with $247 million for fi...
Earnings Call Insights: Eastman Kodak (KODK) Q1 2026 Management View "The story of the first quarter is a story of consistency, stability and growth," said Executive Chairman & Chief Executive Officer James Continenza, adding, "I'm pleased to see strong year-over-year performance over the last 3 consecutive quarters." "Consolidated revenue is up 7% to $265 million compared with $247 million for first quarter 2025," Continenza said, alongside "gross profit percentage of 22%" and "Operational EBITDA was $15 million compared with $2 million for the first quarter 2025." On Advanced Materials and Chemicals, Continenza said "AM&C revenue grew by $2 million or 3%," driven by "a $3 million increase in film and chemicals" and offset by "$1 million for lower inks and consumables." He added, "We've invested heavily back into film, and we're starting to see great results from that," and described a "recently launched a professional film sold directly to distributors" with an objective "to stabilize the market and continue to meet demand." In motion picture film, Continenza said, "We launched a new film called VERITA 200D, which was used in Euphoria Season 3," and added that "Many Oscar winning movies, including One Battle After Another and Sinners were shot on Kodak film" and "Christopher Nolan's The Odyssey is also shot on Kodak film." On pharma, Continenza said, "Our new cGMP pharmaceutical manufacturing facility is up and running," and "we recently opened the Kodak Advanced Electrophysiology Lab in partnership with SUNY Geneseo," adding, "We continue to work towards obtaining Class 2 certification to manufacture more complex, high-margin products in the United States." On Print, Continenza said, "Our revenues increased by 9%," while citing constraints: "There are some supply issues on aluminum" and "Prices have increased greatly on raw materials such as aluminum." He added, "we recently launched the SONORA UltraXR plate in Europe, which will expand our SONORA Ultra portfolio...
Taiwan Semiconductor Manufacturing Co. and Sony Semiconductor Solutions Corporation are planning to form a joint venture to build next-generation image sensors. Sony will be the controlling shareholder and set up production lines in its newly constructed fab in Kumamoto Prefecture, according to a joint statement .
Taiwan Semiconductor Manufacturing Co. and Sony Semiconductor Solutions Corporation are planning to form a joint venture to build next-generation image sensors. Sony will be the controlling shareholder and set up production lines in its newly constructed fab in Kumamoto Prefecture, according to a joint statement .
格隆汇5月8日丨据商务部消息，2026年4月30日，巴西外贸秘书处（SECEX）在官方日报发布2026年第33号公告，对原产于中国的不锈钢热轧板卷（葡萄牙语：Produtos planos de aços inoxidáveis laminados a quente，南共市税号为7219.11.00、 7219.12.00、7219.13.00、7219.14.00、7219.21.00、7219.22.00、7219.23.00、7219.24.00、7220.11.00、7220.12.20和7220.12.90）作出反倾销肯定性初裁，但暂不采取临时反倾销措施。
格隆汇5月8日丨据商务部消息，2026年4月30日，巴西外贸秘书处（SECEX）在官方日报发布2026年第33号公告，对原产于中国的不锈钢热轧板卷（葡萄牙语：Produtos planos de aços inoxidáveis laminados a quente，南共市税号为7219.11.00、 7219.12.00、7219.13.00、7219.14.00、7219.21.00、7219.22.00、7219.23.00、7219.24.00、7220.11.00、7220.12.20和7220.12.90）作出反倾销肯定性初裁，但暂不采取临时反倾销措施。
Fans cheer from stands during the Indian Premier League (IPL) Twenty20 final cricket match between Royal Challengers Bengaluru and Punjab Kings at the Narendra Modi Stadium in Ahmedabad on June 3, 2025. (Photo by Arun SANKAR / AFP) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- (Photo by ARUN SANKAR/AFP via Getty Images) Arun Sankar | Afp | Getty Images Indian cricket is in...
Fans cheer from stands during the Indian Premier League (IPL) Twenty20 final cricket match between Royal Challengers Bengaluru and Punjab Kings at the Narendra Modi Stadium in Ahmedabad on June 3, 2025. (Photo by Arun SANKAR / AFP) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- (Photo by ARUN SANKAR/AFP via Getty Images) Arun Sankar | Afp | Getty Images Indian cricket is increasingly becoming hot property for investors looking to cash in on the booming business of the wildly popular sport in the subcontinent. In little over a month, the Indian Premier League, or IPL, has seen two of its franchises being sold to investors at billion-dollar-plus valuations, the latest being the Rajasthan Royals that was bought this Sunday, valued at $1.65 billion. A consortium of U.S. investors led by Kal Somani and backed by Rob Walton of Walmart Group was in the fray to acquire Rajasthan Royals, according to multiple media reports, but lost out to global steel magnate Laxmi Mittal and Indian vaccine tycoon Adar Poonawalla. Somani's group expressed disappointment at not being able to own the franchise, according to ESPN. "We were all motivated by the opportunity to help take the IPL to new international heights," the consortium reportedly said. In late March, a group comprising Blackstone and serial American sports investor David Blitzer acquired IPL's Royal Challengers Bengaluru, or RCB, franchise in a $1.8 billion deal. IPL is a fast‑paced, franchise‑based cricket league launched in 2008 that blends top international and Indian talent. Played each year over nearly two months, it features 10 teams, offering a mix of high‑intensity cricket, celebrity ownership, entertainment, and massive TV and streaming audiences. Promising returns A history of strong capital returns and potential to scale up the franchises backed by a fanbase of nearly a billion people is leading to heightened interest from global investors in the IPL, experts said. "IPL has become highly at...
Singapore-based firm Granite Asia has engaged the private banking arm of DBS Group Holding Ltd. to raise additional capital for its first private credit vehicle, people familiar with the matter said. Access to the fund, which reached its first close last year, is recently made available to wealthy investors via DBS Private Bank, the people said, who asked not to be identified discussing private ma...
Singapore-based firm Granite Asia has engaged the private banking arm of DBS Group Holding Ltd. to raise additional capital for its first private credit vehicle, people familiar with the matter said. Access to the fund, which reached its first close last year, is recently made available to wealthy investors via DBS Private Bank, the people said, who asked not to be identified discussing private matters. It targets an internal rate of return of about 16% to 20% per year, with investor cash yields of about 8% to 10%, according to a document seen by Bloomberg News. Granite’s push follows a similar move by Singapore-based firm SeaTown Holdings International, a unit of sovereign wealth fund Temasek Holdings Pte., which raised around $180 million through DBS Private Bank for its third private credit fund. Clients must hold at least $5 million in assets to qualify for such an account at the financial institution, according to its website . Granite’s latest effort will serve as a fresh gauge of appetite among Asia’s wealthy investors for private credit — a $1.8 trillion asset class that has been shaken globally by high-profile defaults and heavy redemption requests in the US. While Asia has remained relatively insulated , concerns still rippled through the region earlier this year, prompting private bankers in Hong Kong and Singapore to reassure clients. The strategy is structured as a so-called closed-ended vehicle, meaning investments are illiquid, with no redemption rights and limited transferability during the fund’s term, according to the document. It also requires a long-term commitment with no certainty of return, the document added. DBS and Granite didn’t immediately respond to requests for comment. Shapoorji Unit Markets High-Yield Debt to JPMorgan, BlackRock Indonesia Telco Pivots to Private Debt After Public Bond Rethink AllianzGI Gets $270 Million for Asian Infrastructure Credit Fund Last year, Granite — the re-branded Asian business of US venture capital firm G...
Two foreigners among the dead, say authorities, after early morning eruption that spewed ash miles into the air Three hikers have died and 10 are missing after an eruption at Mount Dukono on Indonesia’s eastern Halmahera island spewed an ash cloud about 10km (6 miles) into the air, local police have said. “There are three dead, two foreigners and one resident of Ternate [island in east Indonesia],...
Two foreigners among the dead, say authorities, after early morning eruption that spewed ash miles into the air Three hikers have died and 10 are missing after an eruption at Mount Dukono on Indonesia’s eastern Halmahera island spewed an ash cloud about 10km (6 miles) into the air, local police have said. “There are three dead, two foreigners and one resident of Ternate [island in east Indonesia],” Erlichson Pasaribu, the police chief of North Halmahera district, told Kompas TV. Continue reading...
FREDERICA ABAN/iStock via Getty Images Summary Despite the geopolitical headwinds, the backdrop for US growth equities and the US economy remains strong overall. Although we take the risk of prolonged disruption and stagflation seriously, our base case is that the Middle East conflict resolves within months and energy prices retreat. We maintain a quality bias in Calamos Growth Fund ( CGRIX ) and ...
FREDERICA ABAN/iStock via Getty Images Summary Despite the geopolitical headwinds, the backdrop for US growth equities and the US economy remains strong overall. Although we take the risk of prolonged disruption and stagflation seriously, our base case is that the Middle East conflict resolves within months and energy prices retreat. We maintain a quality bias in Calamos Growth Fund ( CGRIX ) and Calamos Select Fund ( CVAIX ) and have used the recent pullback to selectively add to positions where valuations have improved. Investment Manager Discussion Entering 2026, the equity backdrop was encouraging. Corporate earnings were expected to grow almost 10%, nominal GDP was positive and expected to accelerate, fiscal stimulus from the One Big Beautiful Bill Act was working its way through the economy, and the Federal Reserve, which cut rates in December, was expected to lower rates further. Tariffs and trade policy remained a headwind, but markets were growing more confident that disruptions would be manageable. Equity valuations reflected that optimism, and growth opportunities were expected to broaden. As a result, the market continued to rotate from higher-priced growth sectors (which underperformed) and toward cyclical and small-capitalization stocks. Then the US and Israel attacked Iranian nuclear and military infrastructure, and the narrative quickly shifted. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower. You can obtain performance data current to the most recent month end by visiting Investment Fund...
The most important determinant for the European Central Bank ’s June policy meeting will be whether energy flows from the Middle East have resumed, according to outgoing Vice President Luis de Guindos . “The key factor will be the evolution of the conflict — whether Hormuz is reopened or not,” the Spanish official, who’ll leave before the ECB’s June 11 decision on interest rates, said Friday in Ma...
The most important determinant for the European Central Bank ’s June policy meeting will be whether energy flows from the Middle East have resumed, according to outgoing Vice President Luis de Guindos . “The key factor will be the evolution of the conflict — whether Hormuz is reopened or not,” the Spanish official, who’ll leave before the ECB’s June 11 decision on interest rates, said Friday in Madrid. “The level of uncertainty is brutal.” Markets and economists expect officials to raise the deposit rate to 2.25% from 2% next month as soaring energy costs push inflation further beyond the target. President Christine Lagarde has signaled that such a step will be considered. Read More: Schnabel Says ECB Will Need to Hike If Energy Shock Broadens