Extension comes as government encourages first nuclear power projects in a generation to meet UK’s growing need for electricity Britain’s most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant, which was first synchronised with the National Grid in 1995, a 20-year life extension. Sizewell B in Suffolk was due to shut...
Extension comes as government encourages first nuclear power projects in a generation to meet UK’s growing need for electricity Britain’s most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant, which was first synchronised with the National Grid in 1995, a 20-year life extension. Sizewell B in Suffolk was due to shut down within the next decade, but under a deal with the government its lifetime will be extended to 60 years to help meet the UK’s growing demand for low-carbon electricity. Continue reading...
This evangelising of a wealth tax should have made for a truly amazing documentary. But it allows its host to be totally out-argued by all his interviewees. Why? What do we do about a country in which the richest 56 people in the UK have as much wealth as the poorest 27 million? What do we do about a world that has just witnessed the birth of its first trillionaire? What do we do about an era in w...
This evangelising of a wealth tax should have made for a truly amazing documentary. But it allows its host to be totally out-argued by all his interviewees. Why? What do we do about a country in which the richest 56 people in the UK have as much wealth as the poorest 27 million? What do we do about a world that has just witnessed the birth of its first trillionaire? What do we do about an era in which you can interview the owner of a telecoms company in his multi-million-pound Hyde Park apartment and a frontline ambulance worker who is having to live in his van, parked on a suburban Bristol street? Gary Stevenson knows what to do. He is evangelical about what to do. Gary was vouchsafed knowledge of exactly what to do after making a fortune in the city betting against an early economic recovery for the country after the 2011 financial and ongoing Eurozone crises. The UK needs a wealth tax – he recommends 2% on everything anyone owns above £10m. This would bring in around £24bn a year that could be spent on the NHS, affordable housing or (Gary’s preferred option because it would represent a more direct redistribution of the wealth those 56 and their wannabes have hoarded) tax cuts for “ordinary people”. Continue reading...
Streetoncamara/iStock via Getty Images Topline Summary and Update The saga of Northwest Bio ( NWBO ) has been a many years-long slow walk of a novel immunotherapeutic approach in the oncology space. I've been updating an ongoing bearish thesis starting back in August 2023 , with deep concerns about the company's ability to execute on the promise of their dendritic cell vaccine, even if it gets its...
Streetoncamara/iStock via Getty Images Topline Summary and Update The saga of Northwest Bio ( NWBO ) has been a many years-long slow walk of a novel immunotherapeutic approach in the oncology space. I've been updating an ongoing bearish thesis starting back in August 2023 , with deep concerns about the company's ability to execute on the promise of their dendritic cell vaccine, even if it gets its approval. I have remained deeply skeptical about NWBO as they have waited more than 2 years on an approval decision in the UK. Today's update is going to focus on a recent data presentation providing an updated external control for their registrational phase 3 trial, which seeks to address some of the critical concerns with that study. Let's take a look at what these findings say, what they do not tell us, and the overall picture for NWBO moving forward. Pipeline Updates DCVax-L The main pipeline candidate for NWBO remains DCVax-L, although some limited work is continuing on their in-licensed dendritic cell program, with their quarterly filing stating an intention to file an IND in Q2 2026 (see page 23 of their most recent 10-Q ). No press release to the effect of starting a trial has been issued at this time. Realistically, all sights are set on a commercial launch for DCVax-L, supported by the findings from a phase 3 trial published in JAMA Oncology a few years ago. A submission for approval has been under review with the UK's MHRA since early 2024, and at this time it is not being considered for approval in other markets. There has been ample discussion about the merits of this phase 3 trial, with my prior reports expounding on the criticisms of an external control arm that lacked patient-level data, but ultimately coming away with the impression that we're seeing a signal of potential improvement in long-term outcomes for glioblastoma, a form of cancer with very few treatment options and dismal prognosis. Key Issues With the Phase 3 Trial Not to belabor points discusse...
The US-Israeli military campaign against Iran was more than another Middle Eastern conflict. It became a defining stress test for the expanded Brics (Brics+), the grouping that is frequently portrayed as the flagship political platform of the Global South and a cornerstone of an emerging multipolar order. The war showed that the grouping – which has grown beyond its founding members Brazil, Russia...
The US-Israeli military campaign against Iran was more than another Middle Eastern conflict. It became a defining stress test for the expanded Brics (Brics+), the grouping that is frequently portrayed as the flagship political platform of the Global South and a cornerstone of an emerging multipolar order. The war showed that the grouping – which has grown beyond its founding members Brazil, Russia, India, China and South Africa – is neither a military alliance nor an ideological bloc. Rather, it...
In trading on Wednesday, shares of Carlisle Companies Inc. (Symbol: CSL) crossed below their 200 day moving average of $345.50, changing hands as low as $330.66 per share. Carlisle Companies Inc. shares are currently trading down about 6.3% on the day. The chart below shows th
In trading on Wednesday, shares of Carlisle Companies Inc. (Symbol: CSL) crossed below their 200 day moving average of $345.50, changing hands as low as $330.66 per share. Carlisle Companies Inc. shares are currently trading down about 6.3% on the day. The chart below shows th
In trading on Wednesday, shares of the AdvisorShares Focused Equity ETF (Symbol: CWS) crossed below their 200 day moving average of $68.12, changing hands as low as $67.75 per share. AdvisorShares Focused Equity shares are currently trading down about 1.1% on the day. The char
In trading on Wednesday, shares of the AdvisorShares Focused Equity ETF (Symbol: CWS) crossed below their 200 day moving average of $68.12, changing hands as low as $67.75 per share. AdvisorShares Focused Equity shares are currently trading down about 1.1% on the day. The char
In trading on Wednesday, shares of Horton Inc (Symbol: DHI) crossed below their 200 day moving average of $151.74, changing hands as low as $148.25 per share. Horton Inc shares are currently trading off about 4.4% on the day. The chart below shows the one year performance of D
In trading on Wednesday, shares of Horton Inc (Symbol: DHI) crossed below their 200 day moving average of $151.74, changing hands as low as $148.25 per share. Horton Inc shares are currently trading off about 4.4% on the day. The chart below shows the one year performance of D
In trading on Wednesday, shares of Perpetua Resources Corp (Symbol: PPTA) entered into oversold territory, changing hands as low as $18.49 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure
In trading on Wednesday, shares of Perpetua Resources Corp (Symbol: PPTA) entered into oversold territory, changing hands as low as $18.49 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure
BellRing Brands ( BRBR ) said on Wednesday it appointed Michael Axelrod as president and chief executive officer, effective July 29. Axelrod, formerly CEO of snack maker Snak King, will also join BellRing's board. He succeeds Darcy Davenport, who will remain in a senior advisory role to support the leadership transition after announcing plans to retire earlier this year. More on BellRing Brands Be...
BellRing Brands ( BRBR ) said on Wednesday it appointed Michael Axelrod as president and chief executive officer, effective July 29. Axelrod, formerly CEO of snack maker Snak King, will also join BellRing's board. He succeeds Darcy Davenport, who will remain in a senior advisory role to support the leadership transition after announcing plans to retire earlier this year. More on BellRing Brands BellRing Brands, Inc. 2026 Q2 - Results - Earnings Call Presentation BellRing Brands: Might Be The Time To Ring The Bell BellRing Brands, Inc. (BRBR) Q2 2026 Earnings Call Transcript Highest and lowest quant-rated small-cap consumer staple stocks after earnings BellRing forecasts $2.325B-$2.365B FY2026 net sales and ~14% adjusted EBITDA margin amid higher promotions
In trading on Wednesday, shares of the Global X Rare Earth & Critical Materials ETF (Symbol: EART) entered into oversold territory, changing hands as low as $26.24 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analys
In trading on Wednesday, shares of the Global X Rare Earth & Critical Materials ETF (Symbol: EART) entered into oversold territory, changing hands as low as $26.24 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analys
In trading on Wednesday, shares of H & R Block, Inc. (Symbol: HRB) crossed below their 200 day moving average of $39.43, changing hands as low as $39.24 per share. H & R Block, Inc. shares are currently trading off about 1.4% on the day. The chart below shows the one y
In trading on Wednesday, shares of H & R Block, Inc. (Symbol: HRB) crossed below their 200 day moving average of $39.43, changing hands as low as $39.24 per share. H & R Block, Inc. shares are currently trading off about 1.4% on the day. The chart below shows the one y
In trading on Wednesday, shares of Hycroft Mining Holding Corp (Symbol: HYMC) entered into oversold territory, changing hands as low as $19.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to meas
In trading on Wednesday, shares of Hycroft Mining Holding Corp (Symbol: HYMC) entered into oversold territory, changing hands as low as $19.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to meas
In trading on Wednesday, shares of Vale SA (Symbol: VALE) entered into oversold territory, changing hands as low as $13.98 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a sc
In trading on Wednesday, shares of Vale SA (Symbol: VALE) entered into oversold territory, changing hands as low as $13.98 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a sc
In trading on Wednesday, shares of PulteGroup Inc (Symbol: PHM) crossed below their 200 day moving average of $124.50, changing hands as low as $123.19 per share. PulteGroup Inc shares are currently trading off about 5% on the day. The chart below shows the one year performanc
In trading on Wednesday, shares of PulteGroup Inc (Symbol: PHM) crossed below their 200 day moving average of $124.50, changing hands as low as $123.19 per share. PulteGroup Inc shares are currently trading off about 5% on the day. The chart below shows the one year performanc
In trading on Wednesday, shares of Champion Homes Inc (Symbol: SKY) crossed below their 200 day moving average of $80.27, changing hands as low as $78.22 per share. Champion Homes Inc shares are currently trading off about 4.3% on the day. The chart below shows the one year pe
In trading on Wednesday, shares of Champion Homes Inc (Symbol: SKY) crossed below their 200 day moving average of $80.27, changing hands as low as $78.22 per share. Champion Homes Inc shares are currently trading off about 4.3% on the day. The chart below shows the one year pe
Sundry Photography/iStock Editorial via Getty Images GlobalFoundries ( GFS ) is one of the most interesting stories in semis right now as the narrative has really moved from a cyclical recovery to highly constrained supply for voracious end market demand. As this pivot has led to a near 87% increase in the stock YTD, the valuation has expanded materially despite no real improvement in the company'...
Sundry Photography/iStock Editorial via Getty Images GlobalFoundries ( GFS ) is one of the most interesting stories in semis right now as the narrative has really moved from a cyclical recovery to highly constrained supply for voracious end market demand. As this pivot has led to a near 87% increase in the stock YTD, the valuation has expanded materially despite no real improvement in the company's operating performance. While there are certain exciting developments on the horizon for the company, namely silicon photonics, I struggle to see why investors should pay up today, as growth isn't likely to materially change in the near term. I begin coverage with a Sell. A Critical Link In The Chain GlobalFoundries is really quite the interesting company, as it sits at a critical point in the AI supply chain. As a contract chip manufacturer for hire, it is one of the largest pure-play foundries globally. In terms of a product end mix that the company manufactures for, on a 2025 basis, smart mobile devices ("SMD") were 39% of total revenue, automotive was 21% of revenue, home and industrial IoT was 18%, infrastructure and data center ("CI&D") was 11%, and non-wafer revenue was the remaining 11%. Approximately 87% of revenue comes from manufacturing services, while the remaining 13% comes from services like IP licensing, software, reticles, and more. I should note that in Q1, as one might expect, the infrastructure and data center component of the business is one of the fastest growing due to AI tailwinds. There are no segments that the company reports on a consistent quarterly basis. The releases tend to be simple in nature with a limited set of financials. While this is the case, there isn't much to know from the operating makeup of the company past that it manufactures chips in different locations around the world. The company's manufacturing footprint is quite literally global, with operations across the U.S., Europe, and Asia. GlobalFoundries It's important to know the...
alexsl/iStock via Getty Images I’ve written about the iShares 20+ Year Treasury BuyWrite Strategy ETF ( TLTW ) on a few occasions here on Seeking Alpha , most recently in an August 10, 2025, post titled “ TLTW: Deteriorating Jobs Data Quality Supports a Dovish Pivot” when I rated the fund a buy. Since that piece, TLTW has produced a total return of about 5.41%, compared to 2.85% and 2.80% for the ...
alexsl/iStock via Getty Images I’ve written about the iShares 20+ Year Treasury BuyWrite Strategy ETF ( TLTW ) on a few occasions here on Seeking Alpha , most recently in an August 10, 2025, post titled “ TLTW: Deteriorating Jobs Data Quality Supports a Dovish Pivot” when I rated the fund a buy. Since that piece, TLTW has produced a total return of about 5.41%, compared to 2.85% and 2.80% for the iShares Core US Aggregate Bond ETF ( AGG ) and Vanguard Total Bond Market ETF ( BND ), respectively, both common benchmark ETFs designed to track the investment-grade US bond market: Data by YCharts And, since my very first article on TLTW, “ TLTW: A Buy Until Recession Imminent ,” published back on July 8, 2024, TLTW is up 10.59% compared to AGG and BND up 8.75% and 8.67%, respectively: Data by YCharts TLTW’s strategy is to hold units of the iShares 20+ Year Treasury Bond ETF ( TLT ) and sell call options on TLT with approximately one month until expiration and 2% out of the money. Specifically, as detailed in the summary prospectus, the ETF rolls its short call positions from one contract month to the next on the day before options expiration each month. So, for example, currently, TLTW owns units of the TLT ETF and has sold the July 17, 2026 $88 call options on TLT. On July 16, the business day before the options expire this month, TLT will buy to close its position in the July 17, 2026 $88 calls and then sell to open contracts of the August 21, 2026, TLT calls. Per the strategy outlined in the prospectus , TLTW will sell calls with a strike price as close as possible to 2% above the closing price of TLT one day before the roll date (this month that’s July 15, 2026). Given that strategy, it’s important to understand both the investment case for long-term US Treasury Bonds tracked by the underlying TLT exchange-traded fund, as well as the potential impact on returns from the overlying covered call or “Buy Write” strategy deployed by the ETF. Let’s start with this: Total R...