Casey Wasserman said he is putting his talent and marketing agency up for sale, citing past personal mistakes that have had an effect on the company. The sports and entertainment talent agent said in a memo to staff on Friday night that he had “become a distraction” to the company’s work and had started the process to sell the firm. Mike Watts, a longtime executive, would take on day-to-day contro...
Casey Wasserman said he is putting his talent and marketing agency up for sale, citing past personal mistakes that have had an effect on the company. The sports and entertainment talent agent said in a memo to staff on Friday night that he had “become a distraction” to the company’s work and had started the process to sell the firm. Mike Watts, a longtime executive, would take on day-to-day control of the business, he said. Wasserman’s name came up in the trove of Jeffrey Epstein-related documents and emails released last month by the US Justice Department. The files contained flirtatious 2003 email exchanges between Wasserman and Ghislaine Maxwell , an Epstein confidante who is serving a 20-year prison sentence for recruiting girls for sexual abuse by Epstein and for participating in some of the assaults. Wasserman has said he went on a 2002 humanitarian trip as part of a delegation with the Clinton Foundation and traveled on Epstein’s plane. He said he never had a personal or business relationship with Epstein and apologized for having any association with either Maxwell or Epstein. “I’m deeply sorry that my past personal mistakes have caused you so much discomfort,” he wrote. “It’s not fair to you, and it’s not fair to the clients and partners we represent so vigorously and care so deeply about.” The Wall Street Journal earlier reported on Wasserman’s memo to employees.
Klaus Vedfelt/DigitalVision via Getty Images Introduction It’s been a while since my last piece on ATS Corporation ( ATS:CA )( ATS ) back in August 2024. Since then, the company has shown impressive organic growth despite a softer macro environment. While shares have lagged the S&P 500’s return of 26% with a return of 16% since my last update, I think shares are still worthy of a ‘buy’ given the r...
Klaus Vedfelt/DigitalVision via Getty Images Introduction It’s been a while since my last piece on ATS Corporation ( ATS:CA )( ATS ) back in August 2024. Since then, the company has shown impressive organic growth despite a softer macro environment. While shares have lagged the S&P 500’s return of 26% with a return of 16% since my last update, I think shares are still worthy of a ‘buy’ given the renewed focus on margin expansion going forward. Recent Results ATS reported strong results for its Q3’26 results with a beat on both the top and bottom line. During the quarter, ATS put up revenues of $761 million, which came in 16.7% higher compared to last year and was $38 million ahead of consensus estimates. Most of this was organic growth (12.6%), with a smaller (4.1%) lift from FX translation. Seeking Alpha When looking at the results by segment, Life Sciences revenues, the company’s largest segment at 51% of total revenues, was up 4% compared to last year, and the company’s backlog is full of radiopharma and GLP-1 auto-injector programs. Total company order bookings reached $821 million, up nearly 12% sequentially despite a 7% year on year decline tied to normalized Transportation activity and lapping prior large enterprise wins. That puts the company’s book-to-bill ratio at 1.06:1 and the backlog at $2.05 billion, roughly unchanged from last year. When looking at the backlog composition below, there’s been a dip in Life Sciences with record numbers in Energy and Consumer Products. Company Filings Company Filings With a new CEO that took the helm in January who has a focus on profitability, I’d expect ATS to continue making more progress on its margins. This quarter, gross margins dipped 111 bps to 29.6%, a move I view as largely attributable to program mix timing rather than any structural issue. The reason for this was there was a lot more lower-margin nuclear refurbishment work ramping up while still contributing positively to the bottom line. To illustrate that, ...
Hong Kong police are investigating the death of an 80-year-old man allegedly knocked down by a taxi driver in a traffic accident in Kwun Tong. The force said on Saturday that the cab driver, a 46-year-old man, was travelling along Kwun Tong Road on Friday night when he was believed to have struck the pedestrian near Ngau Tau Kok Road. The elderly man was reportedly crossing the road at the time. P...
Hong Kong police are investigating the death of an 80-year-old man allegedly knocked down by a taxi driver in a traffic accident in Kwun Tong. The force said on Saturday that the cab driver, a 46-year-old man, was travelling along Kwun Tong Road on Friday night when he was believed to have struck the pedestrian near Ngau Tau Kok Road. The elderly man was reportedly crossing the road at the time. Police said the victim sustained serious injuries to his head and limbs and lost consciousness. He...
WALNUT, Calif., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its fiscal 2026 second quarter and six-month period ended December 31, 2...
WALNUT, Calif., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its fiscal 2026 second quarter and six-month period ended December 31, 2025.
Artificial intelligence (AI) is a battleground for the United States and China, but it can also be an area for dialogue and cooperation on regulation and global governance, according to researchers in Hong Kong and Singapore. The team highlighted “policy convergence” on AI at the local level and challenged the “conventional and stereotypical” expectations of policy models in China and the United S...
Artificial intelligence (AI) is a battleground for the United States and China, but it can also be an area for dialogue and cooperation on regulation and global governance, according to researchers in Hong Kong and Singapore. The team highlighted “policy convergence” on AI at the local level and challenged the “conventional and stereotypical” expectations of policy models in China and the United States that mainly focused on divergence. “Despite fierce competition between the two AI superpowers,...
Germany, France Hold Secret Talks On Continental Nuclear Shield In Pivot From US Has Europe really embarked on a nuclear reset , rethinking its US-led deterrent architecture? For the first time since the Cold War, major European capitals are openly debating the need for an independent nuclear deterrent - an emerging theme on clear display this week at the Munich Security Conference. We've reported...
Germany, France Hold Secret Talks On Continental Nuclear Shield In Pivot From US Has Europe really embarked on a nuclear reset , rethinking its US-led deterrent architecture? For the first time since the Cold War, major European capitals are openly debating the need for an independent nuclear deterrent - an emerging theme on clear display this week at the Munich Security Conference. We've reported before that the turning point came in March, when Washington temporarily halted battlefield intelligence sharing with Ukraine - a move that forced allies to confront the prospect that Washington may no longer serve as a dependable security guarantor, also as ratcheting Trump rhetoric increasingly highlights Europe needing to shoulder its own defense burden. France's Macron and Germany's Merz held "confidential talks" on European nuclear deterrence, the German chancellor has confirmed. Still, he tried to downplay the full implications in his Friday remarks: "We Germans are adhering to our legal obligations. We consider this strictly within the context of our nuclear sharing within NATO and we will not allow zones of differing security to emerge in Europe," Merz said. via Reuters However, President Macron on the same day was a little more forthright, describing amid the backdrop of ongoing direct talks between Moscow and the United States: "We will live with Russia in the same place, and the Europeans at the same place, and I don't want this negotiation to be organized by someone else ," he said. And more bluntness on the nuclear issue : Macron told the gathering in Munich, which focuses on security and brings together world leaders, future parameters of security may include a new, more holistic nuclear deterrence among European allies . Until now, deterrence has been a strictly national domain and a highly delicate issue because of its implications on sovereignty. The French leader teased a "new strategic dialogue" on nuclear arms . "We have engaged a strategic dialogue wit...