Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Deal rejected: eBay ( EBAY ) says GameStop ( GME ) offer is neither credible nor attractive . Core CPI: Fresh inflation comes out today as the BLS releases April's Consumer Price Index . Xi summit: Here's the full ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Deal rejected: eBay ( EBAY ) says GameStop ( GME ) offer is neither credible nor attractive . Core CPI: Fresh inflation comes out today as the BLS releases April's Consumer Price Index . Xi summit: Here's the full list of business execs invited to go with Trump to China. Waive now, pay later? The federal gas tax has never been suspended since it was created during the Great Depression in 1932, but that may soon change. With prices at the pump soaring 50% since the Iran war began at the end of March, the White House is thinking of more ways to provide energy relief to consumers. It would be on top of several other measures announced recently, like waiving the Jones Act and loaning crude from the U.S. Strategic Petroleum Reserve . Snapshot: "Yeah, I'm going to reduce [the federal gas tax]," President Trump told reporters, saying it would be suspended "till it's appropriate." Any suspension would need to be approved by both chambers of Congress, where support is building for such a waiver. Several states have already added to the effort by implementing holidays of their own , like Indiana, Georgia, and Kentucky. On the federal side, the gas tax primarily funds road construction and repairs across the nation through the Highway Trust Fund . It charges 18.4 cents per gallon of gas, or 24.4 cents per gallon on diesel, with a suspension set to cost the federal government roughly $115M per day, or about $3.5B per month. While that can help consumers in the immediate term, there have been questions about what it will mean for the federal deficit and solvency in the long run. Outlook: Despite a span of decades, with some marked by high inflation, the federal gas tax has not increased since 1993. Even before the latest discussion, the Congressional Budget Office estimated that the Highway Trust...
A scorching rally in Intel Corp. shares is threatening huge losses for traders wagering that they’re due to fall. But that isn’t stopping them from placing those bets. Since hitting a low on March 30, the chipmaker’s stock price has soared 214%, adding more than $440 billion to its market capitalization and pushing short-sellers’ paper losses above $12 billion, according to data from S3 Partners ....
A scorching rally in Intel Corp. shares is threatening huge losses for traders wagering that they’re due to fall. But that isn’t stopping them from placing those bets. Since hitting a low on March 30, the chipmaker’s stock price has soared 214%, adding more than $440 billion to its market capitalization and pushing short-sellers’ paper losses above $12 billion, according to data from S3 Partners . At the same time, short interest in Intel shares as a percentage of the company’s float, a measure of how many shares have been borrowed to bet against the stock, is near a 52-week high. “Intel’s almost like a poster child for the momentum trade right now,” said Matthew Unterman , managing director at S3 Partners. “At some point, the momentum’s going to stall.” Betting against Intel right now comes with considerable risk, however. The stock soared 25% last week , its best showing since January 2000, and kept climbing on Monday to reach yet another record high. This latest move is being powered by a report that the company reached a preliminary chip-making agreement with Apple Inc. But since the start of April, Intel is the top performer in the S&P 500 Index , beating out even high-flying Sandisk Corp. “It just isn’t realistic to try and pick a top in a momentum stock. There’s no ability to control your risk,” said Brad Lamensdorf , co-manager of the AdvisorShares Ranger Equity Bear ETF , which shorts stocks. “The short sellers who fight price action give up a lot of alpha, and it doesn’t make for a smooth portfolio in the interim.” Read More: BTIG Warns Extreme Move in Semis Eclipses 1999 Shorts are looking at other chip stocks as well, as the group continues to power higher in 2026. Micron Technology Inc. and Advanced Micro Devices Inc. , the second and third best performers in the Philadelphia Stock Exchange Semiconductor Index since late March, have also seen upticks in short interest, S3 data show. The chipmaker index is up almost 60% since the start of April, and its ...
Sgt James Hughes was one of the hostages released early. With US-Iran relations once again in the spotlight, he talks about being ‘handcuffed, under armed guard’ Since the United States launched a joint military campaign with Israel on Iran in February, many commentators and historians have revisted a chapter of modern history: the 1979 Iran hostage crisis. On 4 November, a student demonstration o...
Sgt James Hughes was one of the hostages released early. With US-Iran relations once again in the spotlight, he talks about being ‘handcuffed, under armed guard’ Since the United States launched a joint military campaign with Israel on Iran in February, many commentators and historians have revisted a chapter of modern history: the 1979 Iran hostage crisis. On 4 November, a student demonstration outside the US embassy in Tehran erupted into an all-out assault on the compound, and 66 Americans were taken hostage. It was the culmination of decades of tension, beginning with the US and Britain’s role in installing the Shah of Iran to safeguard energy interests, and ending with a popular uprising that toppled his oppressive regime and drove him into exile. Continue reading...
Nine out of 10 workers express support for policies on artificial intelligence that labor unions may fight for US workers overwhelmingly support pro-worker policies on artificial intelligence (AI) and view labor unions as the most reliable protectors of workers from the effects of AI, according to a new poll released by the AFL-CIO, the largest federation of labor unions in the US. More than nine ...
Nine out of 10 workers express support for policies on artificial intelligence that labor unions may fight for US workers overwhelmingly support pro-worker policies on artificial intelligence (AI) and view labor unions as the most reliable protectors of workers from the effects of AI, according to a new poll released by the AFL-CIO, the largest federation of labor unions in the US. More than nine out of 10 workers surveyed expressed support for policies on artificial intelligence that labor unions may fight for, including 95% supporting a requirement that a human be the final decision maker on any issues affecting individual workers and their employment. Continue reading...
Reform UK leader has used the helicopter to attend rallies across the country, most recently on Friday Nigel Farage is facing questions about why he did not declare his use of a donor’s helicopter to travel around Britain for rallies. The helicopter, which was used by Farage as recently as Friday after local elections across Britain, is the property of a company owned by Lorenzo Zaccheo, a busines...
Reform UK leader has used the helicopter to attend rallies across the country, most recently on Friday Nigel Farage is facing questions about why he did not declare his use of a donor’s helicopter to travel around Britain for rallies. The helicopter, which was used by Farage as recently as Friday after local elections across Britain, is the property of a company owned by Lorenzo Zaccheo, a businessman who gave Reform £25,000 last year. Continue reading...
In this article 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Softbank has injected more than $450 million into a chip company, CNBC has learned, as the Japanese investment giant looks to continue its major play in AI infrastructure and hardware . Graphcore, which is developing AI chips and systems and was acquired by the Japanese giant in 2024, issued a single share at the value of $4...
In this article 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Softbank has injected more than $450 million into a chip company, CNBC has learned, as the Japanese investment giant looks to continue its major play in AI infrastructure and hardware . Graphcore, which is developing AI chips and systems and was acquired by the Japanese giant in 2024, issued a single share at the value of $457 million on April 10, according to a Companies House filing. A Graphcore spokesperson confirmed to CNBC that the money was funding from SoftBank. SoftBank has been approached for comment. At the time of the acquisition, SoftBank said U.K.-based Graphcore would collaborate with the company on developing artificial general intelligence (AGI) — when AI matches or surpasses human intelligence. The fresh funds would be a "portion" of the money Graphcore is expecting from SoftBank this year, a person familiar with arrangements between the companies told CNBC, who asked to remain anonymous as they were not authorized to discuss private details. AI has been a huge area of investment for SoftBank in recent years, as it funneled tens of billions of dollars into the sector, including a big stake in OpenAI and infrastructure commitments. Once touted as a rival to Nvidia , Graphcore raised hundreds of millions of dollars but struggled to gain commercial traction before it was acquired by SoftBank. Since SoftBank acquired Graphcore, it has announced several AI infrastructure investments, including its involvement in the $500 billion Stargate project, in partnership with OpenAI and Oracle. watch now VIDEO 2:12 02:12 SoftBank books $4.2 billion gain on OpenAI investment Squawk Box Europe SoftBank is planning to create and list a standalone AI and robotics company in the U.S. as early as this year, the Financial Times reported in April. The company is also discussing a large French AI data center project in France, Bloomberg reported on Monday. Masayoshi Son, SoftBank founder and CEO, pre...
The Trump-era rally is alive, well, and could bring markets to more elevated heights as we move through the summer months. Undoubtedly, not everyone is bullish on stocks at fresh highs, especially since the war with Iran could drag on for some weeks or even months longer. As a potential inflation wave clashes with an ... The Trump‑Era Rally Keeps Extending, and 2 Stocks Still Look Undervalued
The Trump-era rally is alive, well, and could bring markets to more elevated heights as we move through the summer months. Undoubtedly, not everyone is bullish on stocks at fresh highs, especially since the war with Iran could drag on for some weeks or even months longer. As a potential inflation wave clashes with an ... The Trump‑Era Rally Keeps Extending, and 2 Stocks Still Look Undervalued
For the third time in three years, SpaceX has stacked a new version of its enormous Starship rocket on a launch pad in South Texas, just a few miles north of the US-Mexico border. The newest-generation Starship, known as Starship Version 3, is taller and more powerful than the ones that came before it. The upgrades on Starship are numerous. Perhaps the most notable changes are higher-thrust, more ...
For the third time in three years, SpaceX has stacked a new version of its enormous Starship rocket on a launch pad in South Texas, just a few miles north of the US-Mexico border. The newest-generation Starship, known as Starship Version 3, is taller and more powerful than the ones that came before it. The upgrades on Starship are numerous. Perhaps the most notable changes are higher-thrust, more efficient Raptor engines on the Super Heavy booster and Starship upper stage, a new reusable lattice-like structure at the top of the booster for hot staging, and three—not four—modified grid fins to help bring the first stage back to Earth for recovery and reuse. If all goes according to plan, this is the version of Starship that SpaceX will use to begin experimenting with in-orbit refueling, a capability engineers must master before sending ships anywhere farther than low-Earth orbit. In the near-term, refueling will enable Starships to fly to the Moon to serve as landers for NASA's Artemis program. Starship remains an iterative development program, and new versions are in the pipeline, but Starship V3 should mark a step toward SpaceX actually using Starships in space, rather than solely proving they can get there and get home. Read full article Comments
Chinese officials are in discussions with US counterparts to buy American crops, including corn, and could reach a deal during US President Donald Trump’s visit to China this week. China could take US corn, as well as products including sorghum and distillers dried grains, according to traders briefed on the matter. Soybeans, a cornerstone of agricultural trade between the two countries, are also ...
Chinese officials are in discussions with US counterparts to buy American crops, including corn, and could reach a deal during US President Donald Trump’s visit to China this week. China could take US corn, as well as products including sorghum and distillers dried grains, according to traders briefed on the matter. Soybeans, a cornerstone of agricultural trade between the two countries, are also part of the discussions, they said, asking not to be identified because they are not authorized to speak publicly. The negotiations, which are likely to continue during the week, come as Beijing and Washington seek to preserve a hard-won but fragile trade truce. The two sides are hoping to reach a final deal during Trump’s first state visit to China since 2017, the traders said. He is set to meet with counterpart Xi Jinping on Thursday morning. Specifics are still being discussed, including volumes and timing, they added. China’s commerce ministry did not immediately reply to a fax seeking comment. With US-China ties strained by sensitive issues ranging from Taiwan to Iran, geopolitical tensions could dwarf any breakthrough in agriculture trade and ultimately scuttle a deal. Any commitment from China would likely require the two sides reaching a broader agreement, the people said. China shunned American farm goods for much of last year as the US ratcheted tariffs higher on a host of its products. However, a trade truce struck between the two sides late last year revived flows, with China buying some 12 million tons of soybeans in the months shortly thereafter. Purchases of other crops have remained more limited, with China’s faltering economy weighing on demand for foreign grain. The last significant purchases of US corn were about two years ago. American shipments haven’t cleared Chinese customs since mid-2025, albeit at minimal levels, official data show. The corn trade, if it materializes, would form part of China’s bargaining strategy, as Beijing deploys agricultural tr...
JPMorgan Chase & Co. spent hundreds of millions of dollars over the course of more than a decade developing systems using blockchain, a novel technology that was supposed to radically upend financial markets, but has yet to become a game-changer. In at least one area, though, the bank and the technology are beginning to make progress: repo. The nearly $13 trillion market isn’t the flashiest outpos...
JPMorgan Chase & Co. spent hundreds of millions of dollars over the course of more than a decade developing systems using blockchain, a novel technology that was supposed to radically upend financial markets, but has yet to become a game-changer. In at least one area, though, the bank and the technology are beginning to make progress: repo. The nearly $13 trillion market isn’t the flashiest outpost on Wall Street, but it’s the vital plumbing that keeps the money flowing. Through repurchase agreements, or repos, firms exchange Treasuries for cash — typically overnight — providing the short‑term funding that underpins trading, settlement and market‑making across the financial system. What JPMorgan and its and peers on Wall Street are finding is that blockchain — the digital technology underlying crypto — works well with repo, allowing for precise, customizable transactions that let cash and collateral move faster and more flexibly. This frees up capital for traders to use more profitably, or to hedge against risks. “This is one of the applications where a blockchain-based solution makes sense,” said Eddie Wen , global head of digital markets at JPMorgan, among the the largest banks in repo. It’s a product used every day by clients, Wen added. JPMorgan launched its blockchain-based financing product six years ago. Since then, it’s handled around $3 trillion worth of repo transactions on the platform. Today, it’s typically processing hundreds of millions of dollars of client repo financing needs each day, and $5 billion between JPMorgan entities, according to the bank. While that’s a drop in the bucket for a firm whose daily activity in the traditional repo market runs into the hundreds of billions of dollars, it represents a key step in embracing the technology from the market’s leader. Piling In Elsewhere, banks like HSBC Holdings Plc , alongside market makers DRW Holdings and Virtu Financial Inc. and infrastructure providers like Broadridge Financial Solutions Inc. ,...
Travel agencies are seeing a notable rise in inquiries and bookings for trips to South America by tourists from mainland China after Brazil’s visa-free entry policy for visitors from the mainland took effect on Monday – and they also remain upbeat about the market’s growth potential. Coupled with the buzz of the 2026 Fifa World Cup in the US, Canada and Mexico, outbound travel from Chinese visitor...
Travel agencies are seeing a notable rise in inquiries and bookings for trips to South America by tourists from mainland China after Brazil’s visa-free entry policy for visitors from the mainland took effect on Monday – and they also remain upbeat about the market’s growth potential. Coupled with the buzz of the 2026 Fifa World Cup in the US, Canada and Mexico, outbound travel from Chinese visitors to the Americas is expected to experience a surge as the summer travel peak approaches, said...
Exclusive: Council of Europe to hold meeting in Moldova on Friday, with human rights body set to declare recognition of countries’ right to control borders Europe live – latest updates European ministers will this week discuss plans to send thousands of rejected asylum seekers to third-country hubs, the head of the continent’s human rights body has told the Guardian. Alain Berset, the secretary ge...
Exclusive: Council of Europe to hold meeting in Moldova on Friday, with human rights body set to declare recognition of countries’ right to control borders Europe live – latest updates European ministers will this week discuss plans to send thousands of rejected asylum seekers to third-country hubs, the head of the continent’s human rights body has told the Guardian. Alain Berset, the secretary general of the Council of Europe, said discussions about the removal of people who arrived in Europe by irregular routes would take place “at a multilateral level” at a meeting in Moldova on Friday. Continue reading...
Google I/O is still a week away, but Google's big announcements kick off today with the "Android Show: I/O Edition," where it's expected to announce the major Android ecosystem highlights coming to its annual developer conference. When the Android Show will happen and where you can watch it Android Show: I/O Edition will be streaming live on YouTube and the Android website on Tuesday, May 12th at ...
Google I/O is still a week away, but Google's big announcements kick off today with the "Android Show: I/O Edition," where it's expected to announce the major Android ecosystem highlights coming to its annual developer conference. When the Android Show will happen and where you can watch it Android Show: I/O Edition will be streaming live on YouTube and the Android website on Tuesday, May 12th at 10AM PT / 1PM ET. Based on last year's Android Show , we can expect the highlights to include a look at the next major Android update along with announcements about Gemini features on Android and potentially teases of some more forward-facing proje … Read the full story at The Verge.
NEWTON, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (“Acumen” or the “Company”), a clinical-stage biopharmaceutical company developing novel therapeutics that target toxic soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today reported financial results for the first quarter of 2026 and provided a business update.
NEWTON, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (“Acumen” or the “Company”), a clinical-stage biopharmaceutical company developing novel therapeutics that target toxic soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today reported financial results for the first quarter of 2026 and provided a business update.
WATERTOWN, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation (TPD) science, today reported financial results for the first quarter ended March 31, 2026, as well as recent business highlights.
WATERTOWN, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation (TPD) science, today reported financial results for the first quarter ended March 31, 2026, as well as recent business highlights.
SAN FRANCISCO, May 12, 2026 (GLOBE NEWSWIRE) -- Olema Pharmaceuticals, Inc. (“Olema” or “Olema Oncology”, Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies for breast cancer and beyond, today reported financial and operating results for the first quarter ended March 31, 2026.
SAN FRANCISCO, May 12, 2026 (GLOBE NEWSWIRE) -- Olema Pharmaceuticals, Inc. (“Olema” or “Olema Oncology”, Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies for breast cancer and beyond, today reported financial and operating results for the first quarter ended March 31, 2026.
TORONTO, 12 mai 2026 (GLOBE NEWSWIRE) -- George Weston Limitée (TSX : WN) (« GWL » ou la « société ») a annoncé aujourd’hui ses résultats consolidés non audités pour les 12 semaines closes le 28 mars 2026 2) .
TORONTO, 12 mai 2026 (GLOBE NEWSWIRE) -- George Weston Limitée (TSX : WN) (« GWL » ou la « société ») a annoncé aujourd’hui ses résultats consolidés non audités pour les 12 semaines closes le 28 mars 2026 2) .
TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- George Weston Limited (TSX: WN) (“GWL” or the “Company”) today announced its consolidated unaudited results for the 12 weeks ended March 28, 2026 (2) .
TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- George Weston Limited (TSX: WN) (“GWL” or the “Company”) today announced its consolidated unaudited results for the 12 weeks ended March 28, 2026 (2) .
Enrollment completed in the PreciSION CF Phase 2a proof-of-concept trial evaluating NBD1 stabilizer SION-719 as an add-on to standard of care in participants with cystic fibrosis; topline data on track for the summer of 2026
Enrollment completed in the PreciSION CF Phase 2a proof-of-concept trial evaluating NBD1 stabilizer SION-719 as an add-on to standard of care in participants with cystic fibrosis; topline data on track for the summer of 2026
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Ovid Therapeutics Inc. (Nasdaq: OVID), a biopharmaceutical company dedicated to pioneering better, gentler medicines for brain disorders with significant unmet need, today provided business updates including financial results for the first quarter ended March 31, 2026.
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Ovid Therapeutics Inc. (Nasdaq: OVID), a biopharmaceutical company dedicated to pioneering better, gentler medicines for brain disorders with significant unmet need, today provided business updates including financial results for the first quarter ended March 31, 2026.
CICERO, Illinois, May 12, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2026.
CICERO, Illinois, May 12, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2026.