Cytokinetics ( CYTK ) priced an upsized underwritten public offering of 9.86M shares at $71 per share, raising about $700M in gross proceeds before expenses. The underwriters were also granted a 30-day option to purchase up to an additional 1.48M shares. The offering is expected to close on May 8. The biotechnology company had initially announced a proposed $650M stock offering earlier this week. ...
Cytokinetics ( CYTK ) priced an upsized underwritten public offering of 9.86M shares at $71 per share, raising about $700M in gross proceeds before expenses. The underwriters were also granted a 30-day option to purchase up to an additional 1.48M shares. The offering is expected to close on May 8. The biotechnology company had initially announced a proposed $650M stock offering earlier this week. More on Cytokinetics Cytokinetics, Incorporated (CYTK) Q1 2026 Earnings Call Prepared Remarks Transcript Cytokinetics, Incorporated (CYTK) Discusses ACACIA-HCM Topline Results From Pivotal Phase 3 Trial of Aficamten in Non-Obstructive HCM Transcript Cytokinetics: Strong Story, But Valuation Leaves Limited Upside Cytokinetics outlines $830M-$870M 2026 operating expense range while advancing MYQORZO Germany launch Cytokinetics plans $650M stock offering
In recent weeks, Oracle Corporation has advanced its AI and cloud ambitions with a classified U.S. Department of Defense AI contract, US$16.00 billion in financing for a Michigan data center powering OpenAI applications, and clean‑energy‑powered Project Jupiter in New Mexico. These moves, together with a very large US$553.00 billion contracted backlog heavily tied to OpenAI, highlight both Oracle’...
In recent weeks, Oracle Corporation has advanced its AI and cloud ambitions with a classified U.S. Department of Defense AI contract, US$16.00 billion in financing for a Michigan data center powering OpenAI applications, and clean‑energy‑powered Project Jupiter in New Mexico. These moves, together with a very large US$553.00 billion contracted backlog heavily tied to OpenAI, highlight both Oracle’s expanding AI infrastructure role and its growing concentration and debt risks. We’ll now...
Sir David is joined by celebrity fans and cast members to give the much-loved sitcom a proper send-off. Plus: suspicion falls on a bride-to-be in Bergerac 8pm, U&Gold The shop doorbell tinkles as David Jason steps on to the set of Open All Hours a whopping 50 years after the sitcom first aired. Diane Morgan narrates this two-hour special that looks back at the show with Jason, along with fans such...
Sir David is joined by celebrity fans and cast members to give the much-loved sitcom a proper send-off. Plus: suspicion falls on a bride-to-be in Bergerac 8pm, U&Gold The shop doorbell tinkles as David Jason steps on to the set of Open All Hours a whopping 50 years after the sitcom first aired. Diane Morgan narrates this two-hour special that looks back at the show with Jason, along with fans such as Johnny Vegas and cast members including Maggie Ollerenshaw. There’s also a new concluding scene that has been recorded to give the show a proper send-off. Hollie Richardson Continue reading...
Getty Images The utility and electrification markets remain hot, but the benefits aren’t filtering down equally to all players. Hubbell ( HUBB ) has modestly outperformed expectations in the two quarters since my last update and announced an accretive strategic acquisition, but the shares are up less than 10% since then, lagging electrification peers like ABB ( ABBNY ), Eaton ( ETN ), nVent ( NVT ...
Getty Images The utility and electrification markets remain hot, but the benefits aren’t filtering down equally to all players. Hubbell ( HUBB ) has modestly outperformed expectations in the two quarters since my last update and announced an accretive strategic acquisition, but the shares are up less than 10% since then, lagging electrification peers like ABB ( ABBNY ), Eaton ( ETN ), nVent ( NVT ), and Schneider ( SBGSY ), as well as the broader industrial space. The relative performance is somewhat better over longer timelines (one-year and three-year comps), but Hubbell has nevertheless not been a top performer. At this point I’m still neutral on the shares due to the valuation. I like the operational momentum in the business, and management’s history of value-additive M&A. I also don’t think a slowdown in electrical infrastructure investment is particularly likely over the next three to five years. That said, I just can’t make the numbers work in a way that supports a positive recommendation apart from momentum/theme investing. Mixed Results In Q1 Despite Higher Guidance Hubbell’s first quarter was okay on balance, but margin concerns are overshadowing ongoing momentum across much of the business. Revenue rose 8% in organic terms in Q1, beating expectations by about 1%. The Utility Solutions business grew 7%, a slight miss versus the Street, with Infrastructure up 12% and Automation down 7%. Electrical Systems grew 11%, beating it by about 3%. Gross margin improved almost a point (a slight beat relative to the Street). Operating income rose 18% on an adjusted basis, with margin up 210 bp to 19.8%, but that was only in line with expectations in a market that increasingly demands beats from datacenter-exposed names. At the segment level, Utility Solutions income rose 21% (margin up almost two points to 21.8%), beating by 2%, while Electrical rose 9% (margin down 30 bp to 16.4%), missing by 3%. Electrical margins were hurt in part by higher material costs. Manageme...
Safaricom Plc ’s annual profit rose 67%, exceeding analysts’ expectations, after its unit in populous Ethiopia narrowed its loss. Net income for the Vodacom Group Ltd. unit was 99.7 billion shillings ($772.3 million) in the year through March, exceeding the 92.4 billion-shilling estimate by analysts in a Bloomberg survey. The Ethiopian unit is on track to break even, Chief Executive Officer Peter ...
Safaricom Plc ’s annual profit rose 67%, exceeding analysts’ expectations, after its unit in populous Ethiopia narrowed its loss. Net income for the Vodacom Group Ltd. unit was 99.7 billion shillings ($772.3 million) in the year through March, exceeding the 92.4 billion-shilling estimate by analysts in a Bloomberg survey. The Ethiopian unit is on track to break even, Chief Executive Officer Peter Ndegwa said. “Startup losses reduced by half” in Ethiopia, he said in a presentation.