Ronald Martinez/Getty Images News AT&T ( T ) has agreed to invest up to $2B to upgrade the Emergency Cellular Network used by public-safety government agencies as well as lower certain rates that the company charges the federal government for the service. In return, the Commerce Department agreed to accelerate approvals for those upgrades. According to The Wall Street Journal , AT&T ( T ) CEO John...
Ronald Martinez/Getty Images News AT&T ( T ) has agreed to invest up to $2B to upgrade the Emergency Cellular Network used by public-safety government agencies as well as lower certain rates that the company charges the federal government for the service. In return, the Commerce Department agreed to accelerate approvals for those upgrades. According to The Wall Street Journal , AT&T ( T ) CEO John Stankey and Commerce Secretary Howard Lutnick were engaged in negotiations over several months after an executive order last month required government agencies to review contracts with private entities. AT&T is the exclusive network partner and contractor for the FirstNet Authority and is responsible for building, operating, and maintaining the Nationwide Public Safety Broadband Network until 2042. Created in 2017, AT&T ( T ) received $6.5B in federal funds for the initial construction along with exclusive rights to sell its services to public safety agencies and commercial customers. Additionally, the company also gained access to crucial Band 14 spectrum. While the federal FirstNet contract expires in 2042, some of the new terms will expire in 2033 when the Commerce Department’s National Telecommunications and Information Administration expects 5G network upgrades will be completed, sources told The Wall Street Journal. More on AT&T AT&T: Exciting Fiber Growth Story AT&T Inc. (T) Presents at NSR/BCG Global Connectivity Leaders Conference - New York Transcript AT&T: Starlink IPO Risk AT&T bundles wireless and home internet under new 'OneConnect' plan Trump tax cuts deliver $65B in savings for big businesses: report
Good morning . Trump urges countries to seize Hormuz. A landmark social media case may herald a new era of Big Tech regulation. And Airbnb offers travelers the chance to arrive at their rentals in style. Listen to the day’s top stories . Market Snapshot S&P 500 6,528.52 +2.9% WTI Futures $101.61 -1.2% Bloomberg Dollar Spot Index 1,215.45 -0.6% Market data as of 04:56 PM ET. Data is subject to prov...
Good morning . Trump urges countries to seize Hormuz. A landmark social media case may herald a new era of Big Tech regulation. And Airbnb offers travelers the chance to arrive at their rentals in style. Listen to the day’s top stories . Market Snapshot S&P 500 6,528.52 +2.9% WTI Futures $101.61 -1.2% Bloomberg Dollar Spot Index 1,215.45 -0.6% Market data as of 04:56 PM ET. Data is subject to provider delays. Donald Trump called on other nations to seize the Strait of Hormuz from Iran, saying those struggling to secure energy supplies should go to the waterway and “just TAKE IT.” Tehran is exchanging messages with the US but hasn’t held talks, its foreign minister told Al Jazeera. European Central Bank President Christine Lagarde challenged Treasury Secretary Scott Bessent’s optimism that the war’s economic fallout will be short-lived, people familiar said. Stocks rebounded on hopes the conflict may be nearing its end. India Set for Searing Summer as Iran War Strains Energy Supplies Read more European lawmakers, on their first trip to China in eight years, are using talks to target “ systemic breaches ” of the bloc’s consumer laws, including a large volume of allegedly non-compliant small parcels arriving from platforms such as Shein, Alibaba and Temu. China Vanke posted a record 88.6 billion yuan ($12.8 billion) loss for 2025, a sign of the deepening problems , as a wall of debt maturities looms . The result, worse than the firm had forecast , marks the embattled developer’s second full-year loss since its 1991 initial public offering. Another Chinese highflier is also facing trouble. Huawei, regarded as a leading domestic manufacturer of AI chips, saw growth decelerate sharply amid the success of Apple’s iPhone 17 in the country and increasing competition. Zhipu has also been hit by the increasingly crowded market, reporting a much faster-than-expected 60% surge in net losses for 2025. Not sold yet. Nike fell in postmarket trading on concerns that the war with Ira...
JHVEPhoto Lockheed Martin Space, a division of Lockheed Martin Corporation ( LMT ) , secured a $1.36B contract modification , covering both new scope and prior unpriced work. This contract modification supports U.S. Navy missile and launch platform production for Conventional Prompt Strike. The work is expected to be completed on September 30, 2032, with Strategic Systems Programs being the contra...
JHVEPhoto Lockheed Martin Space, a division of Lockheed Martin Corporation ( LMT ) , secured a $1.36B contract modification , covering both new scope and prior unpriced work. This contract modification supports U.S. Navy missile and launch platform production for Conventional Prompt Strike. The work is expected to be completed on September 30, 2032, with Strategic Systems Programs being the contracting activity. The contract is funded with $72.10M (FY25) and $420.66M (FY26) across Army and Navy programs, with $2M expiring at the end of the current fiscal year. More on Lockheed Martin Why Lockheed Martin Is Heading To $843: A Deep Dive Into Its Financial Health The Shahed Drone War Is Creating A Missile Defense Supercycle For Lockheed Martin Lockheed Martin: The Upside Is Already Priced In Lockheed Martin opens rapid prototyping facility to speed weapons development Who are some of the major industry partners for NASA's Artemis II?
Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. for underperforming the Nasdaq 100 index for the last five years, which he thinks happened due to the brand not living up to the Full Self-Driving (FSD) promises. Unsupervised FSD Hype On Sunday, the investor shared his criticism via a post on the social media platform X as he responded to a post by influencer Whole Mars Catalog....
Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. for underperforming the Nasdaq 100 index for the last five years, which he thinks happened due to the brand not living up to the Full Self-Driving (FSD) promises. Unsupervised FSD Hype On Sunday, the investor shared his criticism via a post on the social media platform X as he responded to a post by influencer Whole Mars Catalog. In the post, the influencer had outlined various reasons to invest in the company. “No investment p
As with any conflict, the war in Iran has driven people to choose sides and adopt partisan positions. This includes the view that, despite the acts of aggression by the US and Israel, the Islamic Republic somehow “deserves” the attacks due to years of regional instability caused by its Axis of Resistance. This is not to suggest that the Iranian regime has always been a victim. The Islamic Revoluti...
As with any conflict, the war in Iran has driven people to choose sides and adopt partisan positions. This includes the view that, despite the acts of aggression by the US and Israel, the Islamic Republic somehow “deserves” the attacks due to years of regional instability caused by its Axis of Resistance. This is not to suggest that the Iranian regime has always been a victim. The Islamic Revolutionary Guard Corps’ transgressions through the Quds Force have been well documented. But let’s be...
CrowdStrike CEO George Kurtz highlighted in his RSA Conference 2026 keynote that the fastest recorded adversary breakout time has dropped to 27 seconds. The average is now 29 minutes, down from 48 minutes in 2024. That is how much time defenders have before a threat spreads. Now CrowdStrike sensors detect more than 1,800 distinct AI applications running on enterprise endpoints, representing nearly...
CrowdStrike CEO George Kurtz highlighted in his RSA Conference 2026 keynote that the fastest recorded adversary breakout time has dropped to 27 seconds. The average is now 29 minutes, down from 48 minutes in 2024. That is how much time defenders have before a threat spreads. Now CrowdStrike sensors detect more than 1,800 distinct AI applications running on enterprise endpoints, representing nearly 160 million unique application instances. Every one generates detection events, identity events, and data access logs flowing into SIEM systems architected for human-speed workflows. Cisco found that 85% of surveyed enterprise customers have AI agent pilots underway . Only 5% moved agents into production, according to Cisco President and Chief Product Officer Jeetu Patel in his RSAC blog post . That 80-point gap exists because security teams cannot answer the basic questions agents force. Which agents are running, what are they authorized to do, and who is accountable when one goes wrong. “The number one threat is security complexity. But we’re running towards that direction in AI as well,” Etay Maor, VP of Threat Intelligence at Cato Networks, told VentureBeat at RSAC 2026. Maor has attended the conference for 16 consecutive years. “We’re going with multiple point solutions for AI. And now you’re creating the next wave of security complexity.” Agents look identical to humans in your logs In most default logging configurations, agent-initiated activity looks identical to human-initiated activity in security logs. “It looks indistinguishable if an agent runs Louis’s web browser versus if Louis runs his browser,” Elia Zaitsev, CTO of CrowdStrike, told VentureBeat in an exclusive interview at RSAC 2026. Distinguishing the two requires walking the process tree. “I can actually walk up that process tree and say, this Chrome process was launched by Louis from the desktop. This Chrome process was launched from Louis’s cloud Cowork or ChatGPT application. Thus, it’s agentically co...
New Street Research technology infrastructure analyst Antoine Chkaiban joins Market Domination Anchor Josh Lipton to explain why Nvidia's (NVDA) long-term AI demand remains strong despite recent stock weakness, alongside what investors need to see before buying the dip.
New Street Research technology infrastructure analyst Antoine Chkaiban joins Market Domination Anchor Josh Lipton to explain why Nvidia's (NVDA) long-term AI demand remains strong despite recent stock weakness, alongside what investors need to see before buying the dip.
Plug Power (NASDAQ: PLUG) , a developer of hydrogen charging technologies, went public in 1999 at a reverse split-adjusted price of $150 per share. It trades at about $2 as of this writing. Plug Power originally planned to build hydrogen charging systems for entire homes, but high expenses, regulatory hurdles, and weak consumer demand derailed that ambitious strategy. Today, it mainly sells hydrog...
Plug Power (NASDAQ: PLUG) , a developer of hydrogen charging technologies, went public in 1999 at a reverse split-adjusted price of $150 per share. It trades at about $2 as of this writing. Plug Power originally planned to build hydrogen charging systems for entire homes, but high expenses, regulatory hurdles, and weak consumer demand derailed that ambitious strategy. Today, it mainly sells hydrogen fuel cells, electrolyzers, and storage systems. Image source: Getty Images. Continue reading
Editor's note: Seeking Alpha is proud to welcome Vatsal Garg as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » JHVEPhoto/iStock Editorial via Getty Images Company Overview Myriad Genetics, Inc. ( MYGN ) is a mole...
Editor's note: Seeking Alpha is proud to welcome Vatsal Garg as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » JHVEPhoto/iStock Editorial via Getty Images Company Overview Myriad Genetics, Inc. ( MYGN ) is a molecular diagnostics and precision medicine company. Its products are used by doctors and patients to help answer important medical questions, such as who may be at higher risk of cancer, which treatment may work better, how prenatal care should be managed, and which psychiatric medicines may be more suitable for a patient. Over time, the company has expanded beyond its original Hereditary Cancer focus. Myriad reported four main product categories – 1. Hereditary Cancer which generated $372.4 million of revenue, 2. Tumor Profiling which generated $121.7 million in revenue, 3. Prenatal that generated $186.3 million, and 4. Mental Health generated $144.1 million. Total revenue was $824.5 million, according to Myriad’s 2025 Annual Report . Myriad generates cash by developing tests, running those tests in labs, delivering them to the doctors and patients, and then getting paid through the insurance reimbursement, patient payments, or a mix of both. The business depends on science as well as coverage policies, doctor workflow adoption, EMR integration, number of patients accessing them, total billing and collections, and efficiency of the process. Evolution of the Company: 2019 to March 2026 Myriad changed a lot over the last several years, but the stock did not benefit from that change. In 2018, the company bought Counsyl , which added a meaningful Prenatal business and pushed Myriad further beyond its original Hereditary Cancer focus. By FY 2019, the company was still profitable, with $851.1 million of revenue and ~$4.4 million of net income. The business mix was already becoming...
SpaceX's Starlink division confirmed yesterday that it lost contact with a satellite on Sunday and is trying to locate space debris that might have been produced by... whatever happened there. Starlink said there appeared to be "no new risk" to other space operations and did not use the word "explosion." But it seems that something caused a Starlink broadband satellite to break apart into at least...
SpaceX's Starlink division confirmed yesterday that it lost contact with a satellite on Sunday and is trying to locate space debris that might have been produced by... whatever happened there. Starlink said there appeared to be "no new risk" to other space operations and did not use the word "explosion." But it seems that something caused a Starlink broadband satellite to break apart into at least tens of pieces. LeoLabs, which operates a radar network that can track objects in low Earth orbit, said in an X post that it "detected a fragment creation event involving SpaceX Starlink 34343," one of the 10,000 or so Starlink satellites in orbit. "LeoLabs Global Radar Network immediately detected tens of objects in the vicinity of the satellite after the event, with a first pass over our radar site in the Azores, Portugal," LeoLabs said. "Additional fragments may have been produced—analysis is ongoing." Read full article Comments
Luis de Haro/iStock via Getty Images Since the start of the year, a massive risk-off trend has taken hold of the stock market. Investors have fretted over everything from skyrocketing oil prices and extended conflict in the Middle East, to weak consumer spending, troubles in private credit, and potential disruption from AI. Small- and mid-cap stocks have sold off sharper than most, creating tremen...
Luis de Haro/iStock via Getty Images Since the start of the year, a massive risk-off trend has taken hold of the stock market. Investors have fretted over everything from skyrocketing oil prices and extended conflict in the Middle East, to weak consumer spending, troubles in private credit, and potential disruption from AI. Small- and mid-cap stocks have sold off sharper than most, creating tremendous value-buying opportunities that are perfect for long-term-oriented investors. El Pollo Loco ( LOCO ), the Mexican grilled-chicken chain, is a terrific example of a small-cap bet that is paying off already. Since the start of the year, shares of El Pollo Loco have rallied more than 30%, which is a stark outlier in a fragile restaurant sector. Data by YCharts I last wrote a "Buy" rating on El Pollo Loco in November, when the stock was trading at a mere $10 per share. Despite the sharp increase in share prices since then, El Pollo Loco has more than deserved its upward multiples re-rating thanks to a recovery in same-restaurant sales growth, healthy margins that are defying food inflation, and a disciplined approach to new restaurant builds. I’m reiterating my "Buy" rating here. The first topic we should address: With El Pollo Loco’s stock climbing so sharply since the start of the year, does the stock still represent good value? In my view, the answer is resoundingly yes. At current share prices near $14, El Pollo trades at a market cap of $413.7 million. After we net off the $6.2 million of cash and $51.0 million of debt on El Pollo’s most recent balance sheet, the company’s resulting enterprise value is $458.9 million. For FY26, El Pollo Loco has guided to 1%-3% comp sales growth. It’s also expecting a more moderate pace of new restaurant openings, with 3-4 new company-owned locations and 15-16 new franchise builds this year – or ~4% location growth – versus ending FY25 with 503 total locations (175 company-owned, 328 franchisee-controlled). For our part, we do like th...
Summit Midstream ( SMC ) on Tuesday said that it agreed to sell 1.35 million shares of common stock to an affiliate of Tailwater Capital in a private placement. The shares will be issued at $31.08 apiece, raising about $42 million, the company said. Summit said it will use the proceeds to reduce debt and fund growth capital projects. Following the transaction, Tailwater and its affiliates are expe...
Summit Midstream ( SMC ) on Tuesday said that it agreed to sell 1.35 million shares of common stock to an affiliate of Tailwater Capital in a private placement. The shares will be issued at $31.08 apiece, raising about $42 million, the company said. Summit said it will use the proceeds to reduce debt and fund growth capital projects. Following the transaction, Tailwater and its affiliates are expected to own about 39% of Summit’s outstanding equity. Source: Press Release More on Summit Midstream Summit Midstream: One More Year Of Transition Summit Midstream Corporation (SMC) Q4 2025 Earnings Call Transcript Summit Midstream Corporation 2025 Q4 - Results - Earnings Call Presentation Summit Midstream outlines path to $100M EBITDA growth by 2030 led by new Permian contracts and expansion plans Top small-cap energy stocks surging above 200-Day moving average
Bloomberg's Loren Grush said that NASA's Artemis II mission to get back to the moon is aimed at being a 'proving ground' for potential missions to Mars. She said that NASA hopes to take the lessons learned on the moon and use them to figure out the challenges of living on a surface much farther away. Grush also weighed in on the stakes surrounding NASA's focus on the moon, as the agency tries to p...
Bloomberg's Loren Grush said that NASA's Artemis II mission to get back to the moon is aimed at being a 'proving ground' for potential missions to Mars. She said that NASA hopes to take the lessons learned on the moon and use them to figure out the challenges of living on a surface much farther away. Grush also weighed in on the stakes surrounding NASA's focus on the moon, as the agency tries to prove its worth amid budget concerns and the private space race. (Source: Bloomberg)
High Liner Foods ( HLF:CA ) has laid off 35 people, representing ~9% of its North American office workforce, the company said on Tuesday, in a move to cut costs. "These actions are part of a broader set of initiatives already underway, including disciplined margin management, cost reduction, and supply chain efficiency efforts, intended to mitigate the impact of sustained pressure from rising infl...
High Liner Foods ( HLF:CA ) has laid off 35 people, representing ~9% of its North American office workforce, the company said on Tuesday, in a move to cut costs. "These actions are part of a broader set of initiatives already underway, including disciplined margin management, cost reduction, and supply chain efficiency efforts, intended to mitigate the impact of sustained pressure from rising inflation, tariffs, and higher input costs and to strengthen the company's value proposition to customers and consumers," the company said. It expects the reductions to support a return to year-over-year adjusted EBITDA growth for fiscal 2026; however, current estimates indicate that first-quarter results will be modestly below the prior year. Source: Press Release More on High Liner Foods High Liner Foods Incorporated (HLF:CA) Q4 2025 Earnings Call Transcript Historical earnings data for High Liner Foods Dividend scorecard for High Liner Foods Financial information for High Liner Foods
Chunumunu/iStock via Getty Images Thesis We covered the BondBloxx CCC Rated USD High Yield Corporate Bond ETF ( XCCC ) last in mid-2025, when we articulated why we found the exchange-traded fund to be a good tool but not a fund to buy at the time due to tight credit spreads. The name is down on a price basis but fairly flat on a total return basis (i.e., when dividends are considered). With 2026 o...
Chunumunu/iStock via Getty Images Thesis We covered the BondBloxx CCC Rated USD High Yield Corporate Bond ETF ( XCCC ) last in mid-2025, when we articulated why we found the exchange-traded fund to be a good tool but not a fund to buy at the time due to tight credit spreads. The name is down on a price basis but fairly flat on a total return basis (i.e., when dividends are considered). With 2026 off to a rough start and many credit names down significantly for the year, we are going to revisit XCCC, its performance and metrics, and articulate our view on the ETF given the current macro. CCC Bonds Have Held Up Remarkably Well So far this year in 2026, unleveraged high yield has held up remarkably well: Data by YCharts We are comparing the BondBloxx CCC Rated USD High Yield Corp Bnd ETF (XCCC) with the State Street SPDR Bloomberg High Yield Bond ETF ( JNK ), the PIMCO Income Strategy Fund II ( PFN ), and the PGIM High Yield Bond Fund ( ISD ). Unleveraged high yield in the form of XCCC and JNK has done very well with small negative total returns of -4% and -1.4%, respectively, while leveraged high yield in the form of CEFs has taken a massive beating, with ISD at -11.5% and PFN at -8.8%. Given the S&P 500 ( SPX ) is down more than 8%, unleveraged high yield has been a port in a storm so far. Let us take a look at CCC spreads next. CCC Spreads Have Moved, but Not Significantly XCCC's performance is mainly driven by CCC bond spreads and interest rates. Given the heavy probability of default component for the fund, credit spreads are the main input into the equation for this ETF. Let us look at historic CCC spreads: CCC Spreads (The Fed) We can see a well-defined range of 7.5% to 12.5% for CCC spreads historically. There are spikes over that range and brief periods below that range, but historically those levels have held most of the historic data. We can see spreads now off the lows and towards a historic median level, up to 10.13% now. From a historic perspective, we ar...