Worawith Ounpeng/iStock via Getty Images Odyssey Therapeutics ( ODTX ), a clinical-stage biotech focused on immunology, priced its upsized initial public offering ahead of its trading debut on Friday, raising more than $300M in gross proceeds, alongside a concurrent private placement. The Boston, Massachusetts-based biotech priced the offering of 15.5M shares at $18 each while granting underwriter...
Worawith Ounpeng/iStock via Getty Images Odyssey Therapeutics ( ODTX ), a clinical-stage biotech focused on immunology, priced its upsized initial public offering ahead of its trading debut on Friday, raising more than $300M in gross proceeds, alongside a concurrent private placement. The Boston, Massachusetts-based biotech priced the offering of 15.5M shares at $18 each while granting underwriters a 30-day option to buy ~2.3M additional shares at the IPO price after adjusting for underwriting discounts and commissions. The company added that as part of a private placement, it concurrently sold ~1.4M shares of its common stock to a unit of TPG Life Sciences Innovations ( TPG ) at the IPO price of $18 per share. The gross proceeds from the initial public offering and the private placement are estimated at $304M. Earlier this week, the company planned to offer ~13.2M shares at $16.00 - $18.00 each, indicating it would raise nearly $205.2M in net proceeds at the midpoint of the range. More on Odyssey Therapeutics, Inc. Immunology drug developer Odyssey seeks U.S. IPO again Financial information for Odyssey Therapeutics, Inc.
You know that feeling when you've been backing a friend's idea for months, and then suddenly the whole room starts paying attention? That's roughly where Morgan Stanley finds itself with Advanced Micro Devices (AMD). For the better part of six months, the firm had been quietly bullish on AMD's ...
You know that feeling when you've been backing a friend's idea for months, and then suddenly the whole room starts paying attention? That's roughly where Morgan Stanley finds itself with Advanced Micro Devices (AMD). For the better part of six months, the firm had been quietly bullish on AMD's ...
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
Shares of nLIGHT ( LASR ) climbed 22% on Friday after the company reported first-quarter results that topped Wall Street expectations and issued upbeat second-quarter guidance driven by accelerating defense demand. The laser technology company posted Q1 non-GAAP EPS of $0.20, beating analyst estimates by $0.12. Revenue surged 55.2% year over year to a record $80.2M, exceeding consensus forecasts b...
Shares of nLIGHT ( LASR ) climbed 22% on Friday after the company reported first-quarter results that topped Wall Street expectations and issued upbeat second-quarter guidance driven by accelerating defense demand. The laser technology company posted Q1 non-GAAP EPS of $0.20, beating analyst estimates by $0.12. Revenue surged 55.2% year over year to a record $80.2M, exceeding consensus forecasts by roughly $8M. Gross margin improved to 33.1% from 26.7% a year earlier, while adjusted EBITDA jumped to $13.8M from just $116,000 in the prior-year period. The company also returned to profitability, reporting GAAP net income of $645,000 compared with a net loss of $8.1M last year. Chief executive officer Scott Keeney said results were fueled by strength in aerospace and defense markets, with record defense product revenue nearly doubling from a year ago. He added that nLIGHT continues to see a strong pipeline of directed energy opportunities, including production programs, platform upgrades, and new prototype awards. For the second quarter, nLIGHT forecast revenue of $75M to $81M, above analysts’ expectations of $71M at the midpoint. The company also projected adjusted EBITDA of $8M to $12M for the quarter. More on nLight nLIGHT: A Promising Laser Story Trading At A Dangerous Premium nLIGHT: The Defense Pivot Worked, And The Stock Is Already Running Hot nLIGHT, Inc. 2025 Q4 - Results - Earnings Call Presentation nLight Non-GAAP EPS of $0.20 beats by $0.12, revenue of $80.18M beats by $8.04M nLIGHT surges as it prepares to showcase high-energy laser weapon
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading today, for the December 2027 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 588 days until expiration the newly trading contracts
Investors in Moderna Inc (Symbol: MRNA) saw new options begin trading today, for the December 2027 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 588 days until expiration the newly trading contracts
Virginia voters approved redistricting that could help Democrats pick up four House seats. Democrats said it was to counter the gains that Trump and the GOP have picked up in Republican-led states. (Image credit: Allen G. Breed)
Virginia voters approved redistricting that could help Democrats pick up four House seats. Democrats said it was to counter the gains that Trump and the GOP have picked up in Republican-led states. (Image credit: Allen G. Breed)
Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the September 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 497 days until expiration the newly trading contracts repre
Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the September 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 497 days until expiration the newly trading contracts repre
Investors in CDW Corp (Symbol: CDW) saw new options begin trading today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly trading contracts repr
Investors in CDW Corp (Symbol: CDW) saw new options begin trading today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly trading contracts repr
Investors in Lumentum Holdings Inc (Symbol: LITE) saw new options become available today, for the March 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 315 days until expiration the newly available co
Investors in Lumentum Holdings Inc (Symbol: LITE) saw new options become available today, for the March 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 315 days until expiration the newly available co
FREDERICA ABAN/iStock via Getty Images Portfolio management Greg Wilensky, CFA Michael Keough John Lloyd Investment environment The U.S. fixed income market posted a small negative return for the period. The quarter marked a sharp shift in sentiment, as fixed income markets moved from early-year optimism around declining inflation and prospective rate cuts to renewed concerns about inflation and g...
FREDERICA ABAN/iStock via Getty Images Portfolio management Greg Wilensky, CFA Michael Keough John Lloyd Investment environment The U.S. fixed income market posted a small negative return for the period. The quarter marked a sharp shift in sentiment, as fixed income markets moved from early-year optimism around declining inflation and prospective rate cuts to renewed concerns about inflation and geopolitical risk. Treasuries and securitized sectors outperformed investment-grade (IG) and high-yield corporates as war in Iran sent oil prices sharply higher, altering the outlook for inflation and global monetary policy. The Federal Reserve (Fed) kept the fed funds rate unchanged at 3.50% to 3.75% while noting the “uncertain” implications of the Middle East conflict. Having previously discounted two or three more cuts in 2026, futures markets now are anticipating no change in Fed policy. The yield curve flattened out meaningfully as 2-year Treasury yields rose more than 10-year yields when markets repriced rate-cut expectations. • U.S. employment data was soft in February, with job creation in 2025 revised sharply down and nonfarm payrolls falling. A strong bounce-back in job creation and a drop in the unemployment rate followed in March, indicating that the labor market continues to tread water. Inflation readings were steady, with the consumer price index (CPI) coming in at 2.4% year-on-year in January and February. The U.S. 10-year Treasury yield ended the quarter 15 basis points (bps) higher, at 4.32%. IG corporate spreads widened 11 bps, to 89 bps, while high-yield spreads widened 51 bps, to 317 bps, as investors priced in the impacts of higher geopolitical risk. Portfolio review Yield curve positioning was a detractor for the quarter. We were overweight the front end of the yield curve, which hurt on a relative basis as short-term yields rose significantly and the curve flattened out. We also added UK duration exposure after it had sold off following the start of t...
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
Investors in Energy Transfer LP (Symbol: ET) saw new options become available today, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 105 days until expiration the newly available c
Investors in Energy Transfer LP (Symbol: ET) saw new options become available today, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 105 days until expiration the newly available c
Investors in Salesforce Inc (Symbol: CRM) saw new options become available today, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly available contract
Investors in Salesforce Inc (Symbol: CRM) saw new options become available today, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly available contract
The crypto market structure bill wending its way through Congress —known as the CLARITY Act — could significantly boost Coinbase's growth prospects if it passes, according to Citigroup. Shares of Coinbase are falling after it posted a surprise first-quarter loss on Thursday evening. Trading activity on the platform fell, hurt by the slump in crypto prices in the first three months of the year. Sub...
The crypto market structure bill wending its way through Congress —known as the CLARITY Act — could significantly boost Coinbase's growth prospects if it passes, according to Citigroup. Shares of Coinbase are falling after it posted a surprise first-quarter loss on Thursday evening. Trading activity on the platform fell, hurt by the slump in crypto prices in the first three months of the year. Subscription revenue – meant to help Coinbase diversify away from its reliance on speculative trading – also underperformed. Citi is optimistic on the stock long-term, however, and is particularly bullish on stablecoins, payments and institutional adoption — and if CLARITY passes, it would allow more products to be introduced in those businesses as well and foster more institutional participation, analysts said in a note Friday. "Ultimately, we see potential CLARITY passage as the significant upside catalyst for COIN," Citi said. The investment bank also pointed to the Coinbase Developer Platform, a suite of tools and services for developers to build on-chain applications, as a potential catalyst for the stock, saying it's "prepared to handle post-CLARITY demand from [traditional finance]." Last week, lawmakers struck a compromise on key language proposed in the crypto legislation regarding interest paid to users on stablecoin balances and activity. The updated version restricts crypto companies like Coinbase from paying savings account-like interest on passive stablecoin deposits, but allows rewards as usage-driven incentives that could be tied to activity like trading, transactions or staking. The crypto industry is expecting a committee vote with bipartisan support before May 21. The White House is aiming for the full Congress to vote on the bill around July 4.