Gov. Gavin Newsom (D-CA) on Tuesday decried the slowdown in America’s EV push, slamming President Donald Trump and the Republican Party for allowing China to take the lead in the global EV sector. ‘China Stronger Than Ever,’ Says Gavin Newsom In a post on the social media platform X, Newsom’s official Press Office handle lamented the current EV scenario. “Before Donald Trump, America was on a path...
Gov. Gavin Newsom (D-CA) on Tuesday decried the slowdown in America’s EV push, slamming President Donald Trump and the Republican Party for allowing China to take the lead in the global EV sector. ‘China Stronger Than Ever,’ Says Gavin Newsom In a post on the social media platform X, Newsom’s official Press Office handle lamented the current EV scenario. “Before Donald Trump, America was on a path to beat China,” the post said, outlining strong EV manufacturing and supply chains, as well as “goo
Earnings Call Insights: Kura Oncology (KURA) Q1 2026 Management View "In our first full quarter of launch, we generated $5.8 million in net product revenue ahead of expectations" (Chairman, CEO & President Troy Wilson), while emphasizing early commercial signals: "We're seeing repeat prescriptions," "broad uptake," "increasing payer preference," and "early instances of physicians switching patient...
Earnings Call Insights: Kura Oncology (KURA) Q1 2026 Management View "In our first full quarter of launch, we generated $5.8 million in net product revenue ahead of expectations" (Chairman, CEO & President Troy Wilson), while emphasizing early commercial signals: "We're seeing repeat prescriptions," "broad uptake," "increasing payer preference," and "early instances of physicians switching patients from other menin inhibitors to KOMZIFTI." (Chairman, CEO & President Wilson) "In the first quarter, we generated $5.8 million in net product revenue with 85 new patient starts and nearly 160 total prescriptions" (Chief Commercial Officer Brian Powl), adding that Kura is seeing "early physician-initiated use of KOMZIFTI in combination with commonly used agents, including venetoclax azacitidine and with gilteritinib" and highlighting access: "We secured coverage at parity or better for more than 93% of covered lives with no label restrictions." (Chief Commercial Officer Powl) "We plan to present updated data from ziftomenib in combination with 7+3" at EHA with "extended follow-up with a median of approximately 16 months" (Chief Medical Officer Mollie Leoni), and reiterated combination priorities including a venetoclax/azacitidine publication and "preliminary data in the second half of the year" for ziftomenib plus gilteritinib. (Chief Medical Officer Leoni) "Our net product revenue from KOMZIFTI sales was $5.8 million" and "net loss for the first quarter of 2026 was $73.3 million" (Senior Vice President of Finance & Accounting Thomas Doyle), while stating: "We are maintaining our previously communicated guidance for collaboration." (Senior Vice President Doyle) Outlook "We expect this to be $45 million to $55 million in 2026, $90 million to $110 million in 2027 and $90 million to $110 million in 2028" for collaboration revenue (Senior Vice President Doyle), and added that cash plus collaboration payments "are expected to fund our ziftomenib AML program through the first top...
Chinese companies’ second‑quarter profit outlook is set to improve after encouraging first‑quarter results, with rising exports and early signs of reflation boosting revenues, according to Morgan Stanley. In the first quarter, companies in the MSCI China A Onshore Index that missed consensus estimates outnumbered those beating them by 12.5%, improving from the 23.2% gap seen in the previous quarte...
Chinese companies’ second‑quarter profit outlook is set to improve after encouraging first‑quarter results, with rising exports and early signs of reflation boosting revenues, according to Morgan Stanley. In the first quarter, companies in the MSCI China A Onshore Index that missed consensus estimates outnumbered those beating them by 12.5%, improving from the 23.2% gap seen in the previous quarter, the firm’s strategists led by Laura Wang wrote in a note on Tuesday. The findings follow a prolonged stretch of earnings disappointments that has left investors hesitant to commit capital beyond sentiment‑driven tech stocks. A sustained earnings recovery, along with broader economic growth , could help broaden rallies beyond the tech sector. “Earnings set-up should turn more favourable after summer,” they wrote. “A supportive capex cycle is driving solid demand across capital goods sub-sectors.”
Boyu Capital Investment Management Co. , fresh off its deal for a majority stake in Starbucks’ China business, plans to raise $3 billion for a new fund, according to people familiar with the matter. The private equity firm has approached potential investors about the fund, the people said, requesting not to be identified because the matter is private. The plans are preliminary and could change, th...
Boyu Capital Investment Management Co. , fresh off its deal for a majority stake in Starbucks’ China business, plans to raise $3 billion for a new fund, according to people familiar with the matter. The private equity firm has approached potential investors about the fund, the people said, requesting not to be identified because the matter is private. The plans are preliminary and could change, the people added. Boyu didn’t respond to a request for comment. The company, backed by Alvin Jiang , the grandson of former Chinese President Jiang Zemin , joins other regional firms including Hillhouse Investment Management and Primavera Capital in raising fresh money. Global family offices and some European and Middle Eastern investors continue to show interest in China-focused funds, even as many US pensions and endowments stay away amid shifting geopolitics. Boyu agreed to buy a 60% stake in Starbucks Corp. ’s China business last year, a deal with an enterprise value of $4 billion that some investors saw as a sign of renewed demand for China buyouts. The private equity fund invited the head of Starbucks China to a panel discussion at its annual meeting in Shanghai late last year, and served the chain’s coffee to attendees, one of the people said. Read More: Starbucks Sells 60% of China Unit to Boyu at $4 Billion Value Asia-Pacific buyout funds took an average of 18 months to reach a final close in 2025, a relatively long timeline that shows investors remain cautious, according to a Deloitte report published in March. Boyu was formed in 2011 and has invested in more than 200 companies. The firm has over 180 staff in offices including Hong Kong, Shanghai, Singapore and Beijing, according to its website.
Group 1 Automotive ( GPI ) declares $0.55/share quarterly dividend , in line with previous. Forward yield 0.65% Payable June 15; for shareholders of record June 1; ex-div June 1. See GPI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Group 1 Automotive Group 1 Automotive, Inc. (GPI) Q1 2026 Earnings Call Transcript Group 1 Automotive, Inc. 2026 Q1 - Results - Earnings Call Presentatio...
Group 1 Automotive ( GPI ) declares $0.55/share quarterly dividend , in line with previous. Forward yield 0.65% Payable June 15; for shareholders of record June 1; ex-div June 1. See GPI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Group 1 Automotive Group 1 Automotive, Inc. (GPI) Q1 2026 Earnings Call Transcript Group 1 Automotive, Inc. 2026 Q1 - Results - Earnings Call Presentation Group 1 targets $50M in annual U.S. cost cuts while expanding virtual F&I and opening 3 Geely dealerships in Q2 Group 1 Automotive Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Group 1 Automotive
Carnegie Endowment for International Peace Senior Fellow Michael Pettis discusses his outlook for the summit between Chinese President Xi Jinping and US President Donald Trump. He also offers insights on the challenges of rebalancing trade. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Carnegie Endowment for International Peace Senior Fellow Michael Pettis discusses his outlook for the summit between Chinese President Xi Jinping and US President Donald Trump. He also offers insights on the challenges of rebalancing trade. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Beijing and Tokyo with Haidi Stroud-Watts and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Beijing and Tokyo with Haidi Stroud-Watts and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
BlackJack3D/E+ via Getty Images I'm continuing coverage of RingCentral ( RNG ), which I previously wrote about in the beginning of 2025 . Refer to that article for the company background information. RingCentral recently reported earnings results for Q1 2026 . The report provides insights into the company's future growth. RingCentral's stock is up 45% year-to-date, which significantly outperformed...
BlackJack3D/E+ via Getty Images I'm continuing coverage of RingCentral ( RNG ), which I previously wrote about in the beginning of 2025 . Refer to that article for the company background information. RingCentral recently reported earnings results for Q1 2026 . The report provides insights into the company's future growth. RingCentral's stock is up 45% year-to-date, which significantly outperformed the S&P 500's ( SPY ) 8% YTD gain. The company's strong growth and low valuation should allow the stock to continue to make gains in 2026. Insights From RingCentral's Q1 2026 Report RingCentral began its success through the combination of cloud computing, broadband, and mobility. These three tools were combined to provide businesses with the ability to effectively communicate with customers. Now, RNG is incorporating the use of AI to enhance this communication. This involves the use of agentic voice AI to improve communications. RingCentral's platform includes large amounts of rich data and a global go-to-market strategy with innovation to scale the business. The company plans to leverage AI to drive long-term growth and profitability. RNG also sees the need for humans in the process. The company sees AI agents and humans working together for better customer outcomes and higher cost efficiencies. RingCentral believes that its competitive advantage is the ability to coordinate AI and human interactions at scale on a single platform. This platform includes test, voice, and video on a global scale with industry-leading reliability, quality of service, and security. RNG's platform with AI enables businesses to connect with more customers and to resolve issues quickly & more cost-effectively. The platform also allows businesses to capture more leads while making human agents more effective. The company observed that the customers who are using its AI are adopting more products and driving higher average revenue per user [ARPU] with net retention over 100%. RingCentral found suc...