Block's strong Cash App growth and Intuit's AI-driven ecosystem momentum set up a tight fintech battle. Here's what's driving each stock's outlook now.
Block's strong Cash App growth and Intuit's AI-driven ecosystem momentum set up a tight fintech battle. Here's what's driving each stock's outlook now.
Iran has rejected a 15-point US proposal for a truce, setting out its own five conditions for bringing an end to the conflict in a blow to hopes for a quick resolution to the war. Tehran’s conditions include a demand for guarantees that the US and Israel won’t resume their attacks, reparations for war damages and recognition of its authority over the Strait of Hormuz, Iran’s semi-official Fars new...
Iran has rejected a 15-point US proposal for a truce, setting out its own five conditions for bringing an end to the conflict in a blow to hopes for a quick resolution to the war. Tehran’s conditions include a demand for guarantees that the US and Israel won’t resume their attacks, reparations for war damages and recognition of its authority over the Strait of Hormuz, Iran’s semi-official Fars news agency reported today. US President Donald Trump has signaled that any peace agreement would need to include a ban on Iran ever obtaining a nuclear weapon or enriching radioactive material for civilian purposes. Trump has said he hopes an agreement is reached by the end of the week but it is unclear who the US would negotiate with given the deaths of leading Irani government and military officials. Tehran continued to carry out attacks on Arab Gulf states and Israel, including a strike targeting Kuwait. Iran’s Bushehr nuclear plant also came under attack again, Iran’s state-run tv station reported. Follow our live blog for updates. Despite his ceasefire proposal, Trump has ordered thousands of troops be deployed to the region as he considers options on how to end Iran’s control of the Strait of Hormu, with Tehran charging transit fees of as much as €2 million per voyage, we’re told. What You Need to Know Today The European Central Bank will act decisively and swiftly if the current surge in energy costs risks a broader bout of inflation, President Christine Lagarde said today. In a speech, Lagarde said the ECB is still assessing the shock caused by the conflict in the Middle East. “But we will not be paralyzed by hesitation: our commitment to delivering 2% inflation over the medium term is unconditional,” she added. European leaders are increasingly becoming concerned about supplies of energy . The region usually stockpiles at this time of the year but gas storage tanks are depleted. Dutch facilities are only 6% full and Germany which has some of the biggest sites is much...
A well-timed jibe by the prime minister at Nigel Farage’s side-hustle seemed to provoke the party leader into staging a mass walkout Much of good comedy lies in the timing. We were about halfway through Wednesday’s prime minister’s questions and Keir Starmer was answering an obviously planted question from a Labour backbencher on the government’s plans to ban political donations from overseas dono...
A well-timed jibe by the prime minister at Nigel Farage’s side-hustle seemed to provoke the party leader into staging a mass walkout Much of good comedy lies in the timing. We were about halfway through Wednesday’s prime minister’s questions and Keir Starmer was answering an obviously planted question from a Labour backbencher on the government’s plans to ban political donations from overseas donors and via cryptocurrency. Having done the serious bit, Starmer couldn’t resist the opportunity to sign off with a pop at a man whose party survives on overseas donors and crypto . “There is only one party leader who has shown he will say anything, no matter how divisive, if he is paid to do so.” Without missing a beat, the speaker, Lindsay Hoyle, announced the next questioner. “Nigel Farage”. The Reform leader didn’t seem to find this quite as funny as most other MPs. Nige is becoming more and more thin-skinned these days. Maybe it’s that his party’s lead in the polls has narrowed substantially since the beginning of the war. Maybe it’s that he doesn’t like having policies examined too closely. Maybe he’s pissed off that his income stream from Cameo has temporarily dried up. Or maybe it’s just that he’s actually quite unpleasant. Continue reading...
JasonDoiy Some investors are questioning the premium Merck ( MRK ) is paying in its $6.7 billion acquisition of Tern Pharmaceuticals ( TERN ), according to an RBC analyst. Merck agreed to pay $53 a share for Terns ( TERN ), representing a 6% premium to TERN's closing price on Monday. "The majority of investors view the premium as too low for a high-probability asset, with some questioning whether ...
JasonDoiy Some investors are questioning the premium Merck ( MRK ) is paying in its $6.7 billion acquisition of Tern Pharmaceuticals ( TERN ), according to an RBC analyst. Merck agreed to pay $53 a share for Terns ( TERN ), representing a 6% premium to TERN's closing price on Monday. "The majority of investors view the premium as too low for a high-probability asset, with some questioning whether MRK and TERN lack confidence in the drug," RBC analyst Trung Huynh wrote in a note on Wednesday. "Defenders of the deal argue $6.7bn for a P1/2 asset where the data exceed early results from current SoC is reasonable. Further, the stock's 25% pre-deal run-up justifiably softens the weak premium perception." RBC believes Merck ( MRK ) likely won out over possible competitors given the lack of any CVR associated with the deal, though investors won't get a definitive answer until a 14D-9 comes out early next month. Multiple investors don't believe this is the end of the saga and expect competing bids to emerge or shareholders to outright reject the deal, according to RBC's Huynh, who has an outperform rating on Merck ( MRK ). More on Terns Pharmaceuticals Terns Pharmaceuticals, Inc. (TERN) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Terns Pharmaceuticals, Inc. (TERN) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Terns Pharma shares surge on $6.7B Merck buyout deal at $53 per share Terns Pharma shares surge on reported $6B acquisition talks with Merck Seeking Alpha’s Quant Rating on Terns Pharmaceuticals
The Trump administration will waive higher-ethanol E15 gasoline from US volatility requirements this summer, expanding sales and delivering a win for corn farmers and biofuels producers. “Through the waiver, we are fortifying the domestic gasoline supply chain and providing Americans relief at the pumps ahead of the upcoming summer driving season,” Environmental Protection Agency Administrator Lee...
The Trump administration will waive higher-ethanol E15 gasoline from US volatility requirements this summer, expanding sales and delivering a win for corn farmers and biofuels producers. “Through the waiver, we are fortifying the domestic gasoline supply chain and providing Americans relief at the pumps ahead of the upcoming summer driving season,” Environmental Protection Agency Administrator Lee Zeldin said. The agency said the move would give drivers more options and deliver a bigger domestic market for farmers. The waiver will run from May 1 until May 20, Zeldin said at the CERAWeek by S&P Global conference in Houston. Bloomberg reported earlier that the agency would announce the waiver on Wednesday. The move repeats a strategy President Donald Trump used in 2025 — and that was previously employed for three years under former President Joe Biden — to broaden the availability of E15 gasoline in summertime. It also comes as the Trump administration is taking steps to help ease energy costs for consumers amid the Iran war. And it allows the president to tout a victory for an important political constituency — corn farmers, biofuel producers and rural voters — who have pushed for changes allowing year-round E15 sales. Some industry representatives have lobbied the EPA to clarify its plans for summer sooner, in time for filling stations and fuel distributors to adapt. Under the approach, the EPA will issue emergency fuel waivers temporarily exempting E15 gasoline from volatility restrictions that effectively block warm-weather sales of the fuel in areas where smog is a problem. Biden first ordered such emergency waivers in 2022, casting it as a bid to lower fuel prices — in a midterm election year. Similar dynamics now confront Trump, eight months before November midterm elections that are expected to hinge on voters’ concerns about the cost of living. Oil and gasoline prices have spiked amid the war in the Middle East that has paralyzed the movement of millions of b...
In March 2026, U.S. prosecutors indicted three people connected to Super Micro Computer, including co-founder Yih-Shyan “Wally” Liaw, over alleged illegal exports of Nvidia-powered AI servers to China, prompting his resignation from the board and the appointment of DeAnna Luna as acting Chief Compliance Officer. At the same time, Super Micro has been rolling out an expanded portfolio of Nvidia Bla...
In March 2026, U.S. prosecutors indicted three people connected to Super Micro Computer, including co-founder Yih-Shyan “Wally” Liaw, over alleged illegal exports of Nvidia-powered AI servers to China, prompting his resignation from the board and the appointment of DeAnna Luna as acting Chief Compliance Officer. At the same time, Super Micro has been rolling out an expanded portfolio of Nvidia Blackwell- and Vera Rubin-based AI systems and deepening ecosystem partnerships, highlighting a...
Immix Biopharma ( IMMX ) traded higher on Wednesday after Morgan Stanley initiated its coverage with an Overweight rating and a $20 per share target, citing the potential of its lead candidate, NXC-201. Analyst Judah Frommer’s bullish view came at a time when the CAR-T cell therapy is undergoing a mid-stage trial called NEXICART-2 for relapsed/refractory AL amyloidosis, a rare disorder characteriz...
Immix Biopharma ( IMMX ) traded higher on Wednesday after Morgan Stanley initiated its coverage with an Overweight rating and a $20 per share target, citing the potential of its lead candidate, NXC-201. Analyst Judah Frommer’s bullish view came at a time when the CAR-T cell therapy is undergoing a mid-stage trial called NEXICART-2 for relapsed/refractory AL amyloidosis, a rare disorder characterized by the deposition of certain abnormal proteins in various organs. Frommer argued that AL amyloidosis represents a high unmet need with no approved drugs, and with the FDA's Breakthrough Therapy and Regenerative Medicine Advanced Therapy designations, NXC-201 is poised to secure a potential accelerated approval in the U.S. The analyst projects approximately $802M in peak risk-adjusted revenue for NXC-201 in R/R AL amyloidosis. He expects the company to report final pivotal data from NEXICART-2 in H2 2026, immediately followed by a marketing application to the FDA, anticipating a product launch in H1 2027. More on Immix Biopharma, Inc. Seeking Alpha’s Quant Rating on Immix Biopharma, Inc. Historical earnings data for Immix Biopharma, Inc. Financial information for Immix Biopharma, Inc.
The damage to energy infrastructure in the Middle East caused by the war with Iran will take years and billions of dollars to repair, according to Rystad analysts.
The damage to energy infrastructure in the Middle East caused by the war with Iran will take years and billions of dollars to repair, according to Rystad analysts.
Ba Shusong. Photo: VCG Ba Shusong, a prominent Chinese economist and former chief China economist at Hong Kong Exchanges and Clearing Ltd. (HKEX), has been unreachable since mid-March, Caixin has learned from multiple sources. Multiple sources told Caixin that Ba had returned to the Chinese mainland from Hong Kong at least six months before losing contact, amid long-swirling rumors that he was sub...
Ba Shusong. Photo: VCG Ba Shusong, a prominent Chinese economist and former chief China economist at Hong Kong Exchanges and Clearing Ltd. (HKEX), has been unreachable since mid-March, Caixin has learned from multiple sources. Multiple sources told Caixin that Ba had returned to the Chinese mainland from Hong Kong at least six months before losing contact, amid long-swirling rumors that he was subject to a travel ban. Friends and associates in Beijing and Shanghai noted his sudden and complete silence on social media in recent weeks, confirming he was out of contact.
The Supreme Court has issued its ruling in a lengthy copyright battle between Cox Communications and major record labels, determining that the cable and internet service provider isn't responsible for illegally downloaded music, as reported earlier by the Associated Press . The unanimous decision says Cox "neither induced its users' infringement nor provided a service tailored to infringement." Se...
The Supreme Court has issued its ruling in a lengthy copyright battle between Cox Communications and major record labels, determining that the cable and internet service provider isn't responsible for illegally downloaded music, as reported earlier by the Associated Press . The unanimous decision says Cox "neither induced its users' infringement nor provided a service tailored to infringement." Several record labels, led by Sony Music, sued Cox in 2018, alleging the company allowed 60,000 internet subscribers to download over 10,000 copyrighted songs illegally. A jury found Cox liable for piracy in 2019 and granted Sony $1 billion in damages … Read the full story at The Verge.
Scott Olson/Getty Images News Shares of motorhome maker Winnebago Industries ( WGO ) are down more than 7% in afternoon trading after the company's second-quarter results and forecast failed to impress investors. For 2026, the company expects North American RV wholesale shipments in the range of 315,000 to 345,000 units, revised from 335,000 to 345,000. The company's revenue and adjusted earnings ...
Scott Olson/Getty Images News Shares of motorhome maker Winnebago Industries ( WGO ) are down more than 7% in afternoon trading after the company's second-quarter results and forecast failed to impress investors. For 2026, the company expects North American RV wholesale shipments in the range of 315,000 to 345,000 units, revised from 335,000 to 345,000. The company's revenue and adjusted earnings per share forecast were maintained between $2.8B and $3B and $2.10 and $2.80 per share, respectively. The guidance is below estimates for both metrics at the midpoint. In Q2, gains in the motorhome RV segment ($304.7M, up 29%) were offset by declines in the towable RV ($262.4M, down 9%) and marine unit ($79.2M, down 3.1%). When compared to estimates, the motorhome segment reported a strong beat, marine was just a touch above, and towable missed expectations widely. Net income for the quarter was $4.8M, or $0.17 per share, compared to a net loss of $0.4M, or a $0.02 loss per share, for the same period a year earlier. On a per-share basis, Winnebago earned $0.27, beating the average analyst estimate by only three cents. Adjusted EBITDA rose 7% to $24.4M but missed the consensus estimate of $25.3M. Revenue rose 6% to $657.4M and was ahead of the $626.9M estimate. More on Winnebago Winnebago Industries, Inc. (WGO) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Winnebago: Issues Remain, But An Upgrade From Sell To Hold Seems Justified Winnebago: Still Winning With Robust Fundamentals In The Current Market Dynamics Winnebago beats Q2 street estimates Winnebago Q2 2026 Earnings Preview
kodda/iStock via Getty Images Kinder Morgan ( KMI ) and Phillips 66 ( PSX ) said Wednesday they have extended the bidding period for remaining space on its proposed 1,300-mile Western Gateway pipeline system that will run from St. Louis, Missouri, to California. The companies said the extension of the second open season provided additional receipt points and deliveries into the Los Angeles market ...
kodda/iStock via Getty Images Kinder Morgan ( KMI ) and Phillips 66 ( PSX ) said Wednesday they have extended the bidding period for remaining space on its proposed 1,300-mile Western Gateway pipeline system that will run from St. Louis, Missouri, to California. The companies said the extension of the second open season provided additional receipt points and deliveries into the Los Angeles market through a joint tariff supported by the planned reversal of one of Kinder Morgan's ( KMI ) existing SFPP lines between Watson and Colton, California, that will allow for east-to-west product flows, also including Gulf Coast origination points, including Houston and the Port Arthur-Beaumont area in Texas. Based on shipper interest, the open season, which had been set to close on March 31, was extended to April 15 to provide prospective shippers with "additional time to complete commercial evaluations of the recently updated Transportation Services Agreement, including certain rates, and secure internal approvals for remaining capacity on the Western Gateway system," the companies said. The system will be capable of moving 200K bbl/day of refined products from the Mid-Continent to Arizona, displacing ~125K bbl/day that Phoenix, Arizona, receives from California through the SFPP pipeline. More on Kinder Morgan and Phillips 66 Midstream Energy Showdown: Why ONEOK Is A Strong Buy Over Kinder Morgan I Favor Kinder Morgan Over Occidental Petroleum Amid Oil Price Volatilities Phillips 66: Attractive As Geopolitical Tensions Surge
Investing.com -- Valuations across U.S. equities have reset significantly, with both the S&P 500 and Nasdaq now trading at the lower end of their recent ranges, according to Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities.
Investing.com -- Valuations across U.S. equities have reset significantly, with both the S&P 500 and Nasdaq now trading at the lower end of their recent ranges, according to Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities.