22 mins. ago
The FedExCup Fall series tees off at the The Cliffs at Walnut Cove next week as the PGA Tour's inaugural Biltmore Championship Asheville features plenty of big names.
The Blue Ridge Mountains will serve as a backdrop for U.S. Presidents Cup players Justin Thomas, Jacob Bridgeman and Jackson Koivun, who will be tuning up their games ahead of Medinah after getting the nod from captain Brandt Snedeker earlier in the month.
Also in the field are Billy Horschel and Lucas Glover, players No. 100 and No. 101 in the FedExCup points with less than a dozen events left to play this year. Those who sit inside the top 100 secure Tour cards for 2027, while players ranked 101st through 125th earn conditional status.
Following a couple weeks off, the Tour's action returns with plenty at stake, including a $5 million purse. Here's who else will be teeing off in Arden, North Carolina, next week.
2026 Biltmore Championship full field
#fedexcup #biltmore #fall
The Blue Ridge Mountains will serve as a backdrop for U.S. Presidents Cup players Justin Thomas, Jacob Bridgeman and Jackson Koivun, who will be tuning up their games ahead of Medinah after getting the nod from captain Brandt Snedeker earlier in the month.
Also in the field are Billy Horschel and Lucas Glover, players No. 100 and No. 101 in the FedExCup points with less than a dozen events left to play this year. Those who sit inside the top 100 secure Tour cards for 2027, while players ranked 101st through 125th earn conditional status.
Following a couple weeks off, the Tour's action returns with plenty at stake, including a $5 million purse. Here's who else will be teeing off in Arden, North Carolina, next week.
2026 Biltmore Championship full field
#fedexcup #biltmore #fall
58 mins. ago
The New England Patriots are collecting former Buffalo Bills.
New England is signing veteran defensive tackle DaQuan Jones to a one-year contract worth up to $6 million, according to NFL Network's Ian Rapoport.
The deal includes a $3.5 million base salary.
Jones becomes the sixth former Bills player currently with the Patriots, joining fullback Reggie Gilliam, wide receiver Mack Hollins, offensive lineman Greg Van Roten, tight end Shane Zylstra and punter Mitch Wishnowsky.
Zylstra and Wishnowsky were released by the Bills as part of final roster cuts two weeks ago and are on New England's practice squad.
#england #jones #wishnowsky #daquan
New England is signing veteran defensive tackle DaQuan Jones to a one-year contract worth up to $6 million, according to NFL Network's Ian Rapoport.
The deal includes a $3.5 million base salary.
Jones becomes the sixth former Bills player currently with the Patriots, joining fullback Reggie Gilliam, wide receiver Mack Hollins, offensive lineman Greg Van Roten, tight end Shane Zylstra and punter Mitch Wishnowsky.
Zylstra and Wishnowsky were released by the Bills as part of final roster cuts two weeks ago and are on New England's practice squad.
#england #jones #wishnowsky #daquan
1 hr. ago
Week 1 of the 2026 NFL season is here, and that means you're planning your Sunday to watch either your favorite team or whoever's on TV.
So which games will you be getting in your area? Great question, and luckily we have answers thanks to the good folks at 506 Sports who are kind enough to put out the NFL TV coverage map every week showing which region will get certain games on Fox and CBS, both in the early slots and the late ones. The two networks trade off who gets the game of the week that everyone sees.
Here's a guide to the TV coverage this week:
Blue: Ravens at Colts
Red: Bills at Texans
#colts
So which games will you be getting in your area? Great question, and luckily we have answers thanks to the good folks at 506 Sports who are kind enough to put out the NFL TV coverage map every week showing which region will get certain games on Fox and CBS, both in the early slots and the late ones. The two networks trade off who gets the game of the week that everyone sees.
Here's a guide to the TV coverage this week:
Blue: Ravens at Colts
Red: Bills at Texans
#colts
2 hours ago
Football
Kansas State (1-0) takes on Washington State (0-1) in the first ever meeting between the schools. Kickoff is scheduled for 11 AM on Fort Riley Day at Bill Snyder Family Stadium and the game will be broadcast on TNT. As usual, all these details and much more can be found in Jon Morse's How To Watch post.
In the opener for both teams, Wazzu lost to Washington 24-10 in a much-too-early edition of the Apple Cup. Wazzu struggled on offense, though the score might have been closer if not for a couple of missed field goals and a couple of interceptions by transfer QB Cade Pinnick. Washington State's defense definitely had its moments, however. If you're like me, you probably missed the game in its entirety. Luckily, we have Drew Schneider on hand to break it all down.
The general gist seems to be that Wazzu may not be the best team on the Wildcats' schedule this year, but Kansas State overlooks the Cougars at its own peril. As Collin Klein himself noted, Pinnick can do some damage with his legs and K-State's defense seemed ever-so-slightly suspect against the run in the blowout win over Nicholls. There's also Wazzu's defense to consider, which managed to get a key 4th down stop on the goal line against Washington, thanks to stalwarts like Keith Brown, a linebacker who missed all of last season with injury and is now the teammate's de facto standard bearer.
I don't pay a lot of attention to fan Q&As, but there are some interesting tidbits in Kellis Robinett's weekly mailbag, including that Klein's recruiting philosophy is that every player is merely leasing a roster spot until someone beats them out of it. Competition is constant is apparently CK's mantra. See? There is only football.
#wazzu #missed #defense #ever
Kansas State (1-0) takes on Washington State (0-1) in the first ever meeting between the schools. Kickoff is scheduled for 11 AM on Fort Riley Day at Bill Snyder Family Stadium and the game will be broadcast on TNT. As usual, all these details and much more can be found in Jon Morse's How To Watch post.
In the opener for both teams, Wazzu lost to Washington 24-10 in a much-too-early edition of the Apple Cup. Wazzu struggled on offense, though the score might have been closer if not for a couple of missed field goals and a couple of interceptions by transfer QB Cade Pinnick. Washington State's defense definitely had its moments, however. If you're like me, you probably missed the game in its entirety. Luckily, we have Drew Schneider on hand to break it all down.
The general gist seems to be that Wazzu may not be the best team on the Wildcats' schedule this year, but Kansas State overlooks the Cougars at its own peril. As Collin Klein himself noted, Pinnick can do some damage with his legs and K-State's defense seemed ever-so-slightly suspect against the run in the blowout win over Nicholls. There's also Wazzu's defense to consider, which managed to get a key 4th down stop on the goal line against Washington, thanks to stalwarts like Keith Brown, a linebacker who missed all of last season with injury and is now the teammate's de facto standard bearer.
I don't pay a lot of attention to fan Q&As, but there are some interesting tidbits in Kellis Robinett's weekly mailbag, including that Klein's recruiting philosophy is that every player is merely leasing a roster spot until someone beats them out of it. Competition is constant is apparently CK's mantra. See? There is only football.
#wazzu #missed #defense #ever
4 hours ago
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Paying off your mortgage used to be something people aspired to. Now, many Americans fantasize about simply getting one.
The National ***** ociation of Realtors said Thursday that US home sales fell 2% month-over-month in August to a 14-month low. The seasonally adjusted annual rate of 3.98 million residences, the lowest since June 2025, was weighed down by stubbornly high mortgage rates and home prices.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Musk's Boring Company Scores $23 Billion Valuation Despite Slow Progress and Brian Niccol's Two-Year Turnaround Serves Up Sales Growth for Starbucks
#month #sign #sales #paying
Paying off your mortgage used to be something people aspired to. Now, many Americans fantasize about simply getting one.
The National ***** ociation of Realtors said Thursday that US home sales fell 2% month-over-month in August to a 14-month low. The seasonally adjusted annual rate of 3.98 million residences, the lowest since June 2025, was weighed down by stubbornly high mortgage rates and home prices.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Musk's Boring Company Scores $23 Billion Valuation Despite Slow Progress and Brian Niccol's Two-Year Turnaround Serves Up Sales Growth for Starbucks
#month #sign #sales #paying
9 hours ago
Mexico's government is slashing financial ******* istance for the state energy major by as much as 70% despite Pemex's continued struggle to pay down debt and boost production. The decision rests on expectations that the company will benefit from the oil and gas price rally spurred by the U.S. and Israeli war against Iran.
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
9 hours ago
Northern Trust Corporation (NASDAQ:NTRS) announced on September 7 that Warwickshire Pension Fund had appointed it to provide global custody, valuation reporting, capital call execution and performance measurement. The UK public pension fund has approximately £3.6 billion, or $4.8 billion, in ****** ets.
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
9 hours ago
In 2024, Catalent tapped direct lenders for a $4.2 billion term loan to fund its acquisition by Novo Holdings. Last month, the drug manufacturer refinanced with a $4.1 billion syndicated loan that it says will cut its annual interest expense by about $100 million.
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
10 hours ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed record-breaking results to a 'stellar' market environment where geopolitical tensions, specifically the closure of the Strait of Hormuz, have significantly increased ton-mile dislocation.
The company is executing a massive $3.1 billion fleet renewal program involving 26 newbuildings, with management noting that these ****** ets have already appreciated by approximately 30% since contracting.
Strategic positioning focuses on a 'balanced' model, using fixed-rate charters to cover all-in break-even costs while utilizing spot and profit-sharing contracts to capture market upside.
Management highlighted an unprecedented appetite from major oil companies, who are now seeking long-term charters of up to 7 years for vessels aged 10 years or younger.
#management #years #hormuz
Management attributed record-breaking results to a 'stellar' market environment where geopolitical tensions, specifically the closure of the Strait of Hormuz, have significantly increased ton-mile dislocation.
The company is executing a massive $3.1 billion fleet renewal program involving 26 newbuildings, with management noting that these ****** ets have already appreciated by approximately 30% since contracting.
Strategic positioning focuses on a 'balanced' model, using fixed-rate charters to cover all-in break-even costs while utilizing spot and profit-sharing contracts to capture market upside.
Management highlighted an unprecedented appetite from major oil companies, who are now seeking long-term charters of up to 7 years for vessels aged 10 years or younger.
#management #years #hormuz
10 hours ago
On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
10 hours ago
ExxonMobil Holdings Corporation (NYSE:XOM) agreed to increase its Papua LNG interest from 28.7% to 34.1% and ***** ume operatorship, as disclosed on September 7. The proposed ownership percentages reflect Papua New Guinea's state participation rights.
Papua LNG targets a fourth-quarter 2026 final investment decision, or FID. Santos Limited (ASX:STO) disclosed FID as a closing condition for its own stake acquisition; the operatorship announcement did not specify an equivalent condition.
TotalEnergies SE (NYSE:TTE) said redesign and contractor rebidding had reduced estimated development spending by nearly $4 billion since 2024 to approximately $14 billion. The project would produce 5.6 million tonnes of liquefied natural gas annually. The question is whether that smaller budget can support attractive returns through construction and an uncertain LNG market.
ExxonMobil Holdings Corporation (NYSE:XOM) already operates neighboring PNG LNG. Combining operatorship could improve coordination during construction and operations, including the redesigned handling of upstream condensate. That gives the proposed efficiency gains a practical basis in existing infrastructure and local experience.
The cost reduction is substantial. Mechanically, nearly $4 billion off an approximately $18 billion previous estimate represents about 22%. For ExxonMobil Holdings Corporation (NYSE:XOM), lower development spending would reduce the capital required to generate each future dollar of project cash flow, ***** uming production and operating economics hold.
#holdings #operatorship
Papua LNG targets a fourth-quarter 2026 final investment decision, or FID. Santos Limited (ASX:STO) disclosed FID as a closing condition for its own stake acquisition; the operatorship announcement did not specify an equivalent condition.
TotalEnergies SE (NYSE:TTE) said redesign and contractor rebidding had reduced estimated development spending by nearly $4 billion since 2024 to approximately $14 billion. The project would produce 5.6 million tonnes of liquefied natural gas annually. The question is whether that smaller budget can support attractive returns through construction and an uncertain LNG market.
ExxonMobil Holdings Corporation (NYSE:XOM) already operates neighboring PNG LNG. Combining operatorship could improve coordination during construction and operations, including the redesigned handling of upstream condensate. That gives the proposed efficiency gains a practical basis in existing infrastructure and local experience.
The cost reduction is substantial. Mechanically, nearly $4 billion off an approximately $18 billion previous estimate represents about 22%. For ExxonMobil Holdings Corporation (NYSE:XOM), lower development spending would reduce the capital required to generate each future dollar of project cash flow, ***** uming production and operating economics hold.
#holdings #operatorship
10 hours ago
SAN FRANCISCO, Calif. — New PayPal (PYPL) CEO Enrique Lores doesn't sound like a guy running toward the exit after inking a huge deal to sell the company he just started leading. He sounds like a veteran top executive who's head-down trying to reinvent a fintech icon.
"First of all, we have said that we are totally open and objective to evaluating the plan that we have versus external offers," Lores told Yahoo Finance from the Goldman Sachs Communacopia & Tech Conference (video above). "We will always choose whatever provides more value. We have three growing businesses, three businesses where we can increase the value and the profit that we generate. We believe we have a strong plan to execute. We have the right team, and we think that we are going to be creating a lot of value for shareholders."
Payments player Stripe (STRI.PVT) and private firm Advent International walked away in late August from trying to acquire PayPal for a reported $53 billion, or $60.50 per share, after the board rejected their overture.
It has been speculated that PayPal's board was looking for $70 per share.
PayPal stock has since plunged to $53.20 as investors become more cautious again about the pace of a turnaround. The stock is down 81% over the past five years.
#value #like
"First of all, we have said that we are totally open and objective to evaluating the plan that we have versus external offers," Lores told Yahoo Finance from the Goldman Sachs Communacopia & Tech Conference (video above). "We will always choose whatever provides more value. We have three growing businesses, three businesses where we can increase the value and the profit that we generate. We believe we have a strong plan to execute. We have the right team, and we think that we are going to be creating a lot of value for shareholders."
Payments player Stripe (STRI.PVT) and private firm Advent International walked away in late August from trying to acquire PayPal for a reported $53 billion, or $60.50 per share, after the board rejected their overture.
It has been speculated that PayPal's board was looking for $70 per share.
PayPal stock has since plunged to $53.20 as investors become more cautious again about the pace of a turnaround. The stock is down 81% over the past five years.
#value #like
11 hours ago
Nvidia (NVDA) stock inched lower on Sept. 10 following reports that the U.S. Department of Justice (DOJ) is intensifying its regulatory scrutiny of the ****** an's $17 billion deal with artificial intelligence (AI) startup Groq.
As investors reacted to the DOJ news, NVDA tanked below its 20-day moving average (MA) today, indicating the downward momentum may sustain in the near term.
Why It's Time to Load Up on Intel Stock
Nvidia CEO Jensen Huang Just Called CrowdStrike Its Top Security Partner. How to Play CRWD Stock Here.
Google Plans to Build Mammoth Solar Farm on an Abandoned Coal Mine. This Penny Stock Just Won the Deal.
#NVIDIA #load
As investors reacted to the DOJ news, NVDA tanked below its 20-day moving average (MA) today, indicating the downward momentum may sustain in the near term.
Why It's Time to Load Up on Intel Stock
Nvidia CEO Jensen Huang Just Called CrowdStrike Its Top Security Partner. How to Play CRWD Stock Here.
Google Plans to Build Mammoth Solar Farm on an Abandoned Coal Mine. This Penny Stock Just Won the Deal.
#NVIDIA #load
11 hours ago
Zhihu Inc. (NYSE:ZH) disclosed on September 6 that a wholly owned subsidiary had signed a conditional RMB1.5 billion cash commitment to Tianjin Lisi Xingshen Equity Investment Partnership. The agreement, dated September 4, requires shareholder approval, with payments funded internally through capital calls.
Zhihu Inc. (NYSE:ZH) expects to hold no more than 30% of the fund and will have no role in daily management or individual investment decisions. The blind-pool structure asks shareholders to approve a manager and strategy before specific investments are identified. The fund targets early-to-mid-stage private AI and technology companies with significant mainland China connections.
The strategic rationale fits the company's existing capabilities. Zhihu Inc. (NYSE:ZH) is developing AI search, expert-data solutions and AI-enabled content businesses. Exposure to foundation models, infrastructure, robotics and applications could create technology partnerships and help identify emerging customer needs.
A specialist fund also supplies investment research, deal sourcing and portfolio oversight that would require substantial internal resources to replicate. For shareholders, the potential benefit combines investment returns with commercial opportunities for the core content platform. Any cooperation would still require separate **** sment and agreement.
There is an operating business to build around. Second-quarter paid content and intellectual-property operations revenue increased to RMB425.9 million from RMB408.2 million. Zhihu Inc. (NYSE:ZH) also reduced total operating expenses by 13% to RMB469.4 million. These results support a focused approach in which outside technology complements established content and expert relationships.
#content #technology #million
Zhihu Inc. (NYSE:ZH) expects to hold no more than 30% of the fund and will have no role in daily management or individual investment decisions. The blind-pool structure asks shareholders to approve a manager and strategy before specific investments are identified. The fund targets early-to-mid-stage private AI and technology companies with significant mainland China connections.
The strategic rationale fits the company's existing capabilities. Zhihu Inc. (NYSE:ZH) is developing AI search, expert-data solutions and AI-enabled content businesses. Exposure to foundation models, infrastructure, robotics and applications could create technology partnerships and help identify emerging customer needs.
A specialist fund also supplies investment research, deal sourcing and portfolio oversight that would require substantial internal resources to replicate. For shareholders, the potential benefit combines investment returns with commercial opportunities for the core content platform. Any cooperation would still require separate **** sment and agreement.
There is an operating business to build around. Second-quarter paid content and intellectual-property operations revenue increased to RMB425.9 million from RMB408.2 million. Zhihu Inc. (NYSE:ZH) also reduced total operating expenses by 13% to RMB469.4 million. These results support a focused approach in which outside technology complements established content and expert relationships.
#content #technology #million
11 hours ago
Oxford Industries, Inc. (NYSE:OXM) reported fiscal second-quarter net sales of $394.4 million, down 2.2%. Full-price direct-to-consumer sales declined 1%, while wholesale sales fell 14%, primarily reflecting lower off-price sales.
GAAP gross margin increased to 73.8% from 61.4% after Oxford Industries, Inc. (NYSE:OXM) recognized approximately $42 million of tariff refund claims as a reduction of cost of goods sold. Company-defined non-GAAP adjusted gross margin, excluding tariff refunds and LIFO effects, still improved to 63.1% from 61.7%. Updated **** ortment, sourcing, and pricing strategies increased initial markups, while lower off-price wholesale sales improved the sales mix.
Oxford Industries, Inc. (NYSE:OXM) lowered full-year sales guidance to $1.43 billion to $1.47 billion from $1.475 billion to $1.505 billion. Company-defined non-GAAP adjusted EPS guidance fell to $1.60 to $2.00 from $2.30 to $2.70, reducing the midpoint by 28%. Adjusted EPS excludes LIFO effects, tariff refunds and related interest, Johnny Was amortization, distribution-center relocation costs, merchandising initiatives, store-closure impairments and related taxes.
Underlying margin expansion suggests Oxford Industries, Inc. (NYSE:OXM) improved product economics beyond the one-time refund. Company-defined non-GAAP adjusted operating income, which excludes LIFO effects, tariff refunds and related interest, Johnny Was amortization, and specified distribution-center, merchandising, and store-closure costs, increased to $29.3 million from $28.3 million. Adjusted operating margin rose to 7.4% from 7.0%.
Tommy Bahama remained the strongest major brand for Oxford Industries, Inc. (NYSE:OXM), with sales increasing 0.8% and adjusted gross margin rising to 63.6% from 60.7%. FIFO inventory fell $9 million, or 4%, from one year earlier, reducing markdown exposure.
#gaap
GAAP gross margin increased to 73.8% from 61.4% after Oxford Industries, Inc. (NYSE:OXM) recognized approximately $42 million of tariff refund claims as a reduction of cost of goods sold. Company-defined non-GAAP adjusted gross margin, excluding tariff refunds and LIFO effects, still improved to 63.1% from 61.7%. Updated **** ortment, sourcing, and pricing strategies increased initial markups, while lower off-price wholesale sales improved the sales mix.
Oxford Industries, Inc. (NYSE:OXM) lowered full-year sales guidance to $1.43 billion to $1.47 billion from $1.475 billion to $1.505 billion. Company-defined non-GAAP adjusted EPS guidance fell to $1.60 to $2.00 from $2.30 to $2.70, reducing the midpoint by 28%. Adjusted EPS excludes LIFO effects, tariff refunds and related interest, Johnny Was amortization, distribution-center relocation costs, merchandising initiatives, store-closure impairments and related taxes.
Underlying margin expansion suggests Oxford Industries, Inc. (NYSE:OXM) improved product economics beyond the one-time refund. Company-defined non-GAAP adjusted operating income, which excludes LIFO effects, tariff refunds and related interest, Johnny Was amortization, and specified distribution-center, merchandising, and store-closure costs, increased to $29.3 million from $28.3 million. Adjusted operating margin rose to 7.4% from 7.0%.
Tommy Bahama remained the strongest major brand for Oxford Industries, Inc. (NYSE:OXM), with sales increasing 0.8% and adjusted gross margin rising to 63.6% from 60.7%. FIFO inventory fell $9 million, or 4%, from one year earlier, reducing markdown exposure.
#gaap
11 hours ago
FirstEnergy Corp. (NYSE:FE), through its Potomac Edison subsidiary, proposed a $52.8 million Maryland distribution-rate adjustment to support investment in aging infrastructure, grid modernization and electric-system reliability. If approved, the request would increase the average residential customer's monthly bill by approximately 5.3%.
Potomac Edison said its electric rates were 25% below the average of its in-state peers as of June 1. The utility expects its residential rates to remain the lowest among Maryland's investor-owned electric utilities even after the proposed adjustment.
The proposed reliability program includes Supervisory Control and Data Acquisition technology, replacement of substation reclosers, new circuit ties and automation, overhead-conductor upgrades, aging underground-cable replacement and removal of high-risk trees near power lines. The Maryland Public Service Commission must review and approve the request before any adjustment can take effect.
The proposal connects the requested revenue to specific reliability investments. SCADA technology can give operators greater visibility into system conditions, while reclosers, circuit ties, and automation can isolate problems and reroute electricity. These capabilities can reduce the number of customers affected by outages and shorten restoration times.
Reconductoring, underground-cable replacement and vegetation management address physical causes of service interruptions. The investments could also improve resilience during severe weather, potentially lowering emergency-response costs and reducing the disruption experienced by customers.
#proposed #maryland #aging
Potomac Edison said its electric rates were 25% below the average of its in-state peers as of June 1. The utility expects its residential rates to remain the lowest among Maryland's investor-owned electric utilities even after the proposed adjustment.
The proposed reliability program includes Supervisory Control and Data Acquisition technology, replacement of substation reclosers, new circuit ties and automation, overhead-conductor upgrades, aging underground-cable replacement and removal of high-risk trees near power lines. The Maryland Public Service Commission must review and approve the request before any adjustment can take effect.
The proposal connects the requested revenue to specific reliability investments. SCADA technology can give operators greater visibility into system conditions, while reclosers, circuit ties, and automation can isolate problems and reroute electricity. These capabilities can reduce the number of customers affected by outages and shorten restoration times.
Reconductoring, underground-cable replacement and vegetation management address physical causes of service interruptions. The investments could also improve resilience during severe weather, potentially lowering emergency-response costs and reducing the disruption experienced by customers.
#proposed #maryland #aging
11 hours ago
On the eve of their regular season debut, the Houston Texans have announced another significant injury. Rookie DT Kayden McDonald is apparently suffering from an ankle injury and will begin the regular season on injured reserve. Battle Red Blog's Nickschwager noted McDonald's appearance on the injury report yesterday, but a placement on IR is a new and rather sudden development.
The Texans have placed Kayden McDonald on IR & signed Jaden Crumedy to the 53 man roster in a corresponding move. pic.twitter.com/JoE7xhOz1y
McDonald will now be inactive for the first four games of the 2026 regular season: vs. Buffalo Bills, vs. Cincinnati Bengals, @ Indianapolis Colts, and vs. Dallas Cowboys. He will be eligible to return for Houston's match against the Tennessee ***** ans on October 11th. In the meantime, the Texans are signing DT Jaden Crumedy from the Green Bay Packers practice squad.
Panthers draft Miss St DL Jaden Crumedy
pic.twitter.com/YbiRio1op0
Houston Chronicle reporter Jonathan M. Alexander stated following the announcement, "McDonald suffered the injury in practice Wednesday, a league source said. He did not practice Thursday or Friday and wore a protective boot over his foot in the locker room"
#injury #jaden #kayden
The Texans have placed Kayden McDonald on IR & signed Jaden Crumedy to the 53 man roster in a corresponding move. pic.twitter.com/JoE7xhOz1y
McDonald will now be inactive for the first four games of the 2026 regular season: vs. Buffalo Bills, vs. Cincinnati Bengals, @ Indianapolis Colts, and vs. Dallas Cowboys. He will be eligible to return for Houston's match against the Tennessee ***** ans on October 11th. In the meantime, the Texans are signing DT Jaden Crumedy from the Green Bay Packers practice squad.
Panthers draft Miss St DL Jaden Crumedy
pic.twitter.com/YbiRio1op0
Houston Chronicle reporter Jonathan M. Alexander stated following the announcement, "McDonald suffered the injury in practice Wednesday, a league source said. He did not practice Thursday or Friday and wore a protective boot over his foot in the locker room"
#injury #jaden #kayden
11 hours ago
US natural gas production is projected to reach a record high of 111.7 billion cubic feet per day (bcfd) in 2026, up from 107.6 bcfd in 2025, according to the U.S. Energy Information Administration (EIA). By 2027, domestic supply is expected to hit 115.9 bcfd.
But that's only half the story.
Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook.
Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.
The agency said increased drilling efficiency, rising electricity demand, and expanding liquefied natural gas (LNG) export capacity continue to drive production despite selective capital spending by producers.
#bcfd #record #production #demand
But that's only half the story.
Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook.
Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.
The agency said increased drilling efficiency, rising electricity demand, and expanding liquefied natural gas (LNG) export capacity continue to drive production despite selective capital spending by producers.
#bcfd #record #production #demand
11 hours ago
First Citizens BancShares, Inc. (NASDAQ:FCNCA), through its First-Citizens Bank & Trust Company subsidiary, completed the acquisition of 138 BMO Bank N.A. branches on September 4. The locations span 11 states across the Midwest, Great Plains and West.
The completion announcement did not disclose final transferred balances. At the announcement, First Citizens BancShares, Inc. (NASDAQ:FCNCA) expected to ****** ume approximately $5.7 billion of deposits and acquire $1.1 billion of loans. Its July 2026 update lowered those estimates to $5.3 billion and $700 million, respectively. Both estimates imply roughly $4.6 billion of net liquidity. That difference represents funding capacity, not transaction income, and remains subject to final balances and acquisition accounting.
The deposit franchise could be the transaction's most valuable ****** et. At announcement, the acquired deposits carried a weighted average rate of 1.43%, with 21% in noninterest-bearing demand accounts. First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a 2.07% average total deposit cost in the second quarter of 2026. Retaining the acquired accounts near their original pricing could lower the consolidated funding cost.
The 138 branches also establish or deepen a presence across 11 states. The original transaction presentation identified approximately $1.0 billion of wealth ****** ets under management, creating opportunities to cross-sell commercial lending, treasury services, and wealth products. Retaining branch personnel could help preserve local relationships.
First Citizens BancShares, Inc. (NASDAQ:FCNCA) can deploy the surplus funding in several ways. As of June 30, 2026, the company held $151.03 billion of loans and $32.19 billion of borrowings, including a $28.42 billion purchase money note owed to the Federal Deposit Insurance Corporation. The acquired liquidity could support loan growth, replace more expensive funding, or be invested in securities. The original presentation projected immediate earnings-per-share accretion and an approximately 27-basis-point reduction in the Common Equity Tier 1 capital ratio.
#billion #first #citizens
The completion announcement did not disclose final transferred balances. At the announcement, First Citizens BancShares, Inc. (NASDAQ:FCNCA) expected to ****** ume approximately $5.7 billion of deposits and acquire $1.1 billion of loans. Its July 2026 update lowered those estimates to $5.3 billion and $700 million, respectively. Both estimates imply roughly $4.6 billion of net liquidity. That difference represents funding capacity, not transaction income, and remains subject to final balances and acquisition accounting.
The deposit franchise could be the transaction's most valuable ****** et. At announcement, the acquired deposits carried a weighted average rate of 1.43%, with 21% in noninterest-bearing demand accounts. First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a 2.07% average total deposit cost in the second quarter of 2026. Retaining the acquired accounts near their original pricing could lower the consolidated funding cost.
The 138 branches also establish or deepen a presence across 11 states. The original transaction presentation identified approximately $1.0 billion of wealth ****** ets under management, creating opportunities to cross-sell commercial lending, treasury services, and wealth products. Retaining branch personnel could help preserve local relationships.
First Citizens BancShares, Inc. (NASDAQ:FCNCA) can deploy the surplus funding in several ways. As of June 30, 2026, the company held $151.03 billion of loans and $32.19 billion of borrowings, including a $28.42 billion purchase money note owed to the Federal Deposit Insurance Corporation. The acquired liquidity could support loan growth, replace more expensive funding, or be invested in securities. The original presentation projected immediate earnings-per-share accretion and an approximately 27-basis-point reduction in the Common Equity Tier 1 capital ratio.
#billion #first #citizens
11 hours ago
XPO, Inc. (NYSE:XPO) reported that preliminary August 2026 North American less-than-truckload, or LTL, tonnage per day increased 3.7% from a year earlier. Shipments per day rose 5.7%, while average weight per shipment declined 1.8%. Final July figures showed tonnage per day increasing 5.8%, shipments per day rising 5.9%, and weight per shipment slipping 0.2%.
The two months indicate stronger shipment activity, but August's wider gap between shipment and tonnage growth points to lighter freight. The investment question is whether XPO, Inc. (NYSE:XPO) can convert additional shipments into better network density and fixed-cost absorption without allowing extra handling costs to dilute margins.
Higher shipment counts can improve the utilization of routes, service centers, dock doors, and equipment. XPO, Inc. (NYSE:XPO) operates an ****** et-based North American LTL network that moves approximately 16 billion pounds of freight annually. More shipments moving through that infrastructure can spread terminal, technology, and equipment costs across a larger revenue base.
The second quarter provides evidence that XPO, Inc. (NYSE:XPO) has recently translated volume and pricing growth into stronger economics. North American LTL revenue increased 15.2% to $1.43 billion. Fuel-surcharge revenue accounted for part of that increase, rising to $314 million from $183 million. Separately, yield excluding fuel increased 4.4%, shipments per day rose 2.8%, and tonnage per day increased 1.0%.
XPO, Inc. (NYSE:XPO) reported a company-defined non-GAAP adjusted operating ratio of 79.9%, an improvement of 300 basis points. XPO, Inc. (NYSE:XPO) calculates adjusted operating ratio as one minus adjusted operating income divided by segment revenue, using unrounded amounts. Adjusted operating income removes amortization and restructuring costs and adjusts for gains on real estate transactions. XPO, Inc. (NYSE:XPO) also reported a damage claims ratio below 0.2%.
#adjusted #north #operating
The two months indicate stronger shipment activity, but August's wider gap between shipment and tonnage growth points to lighter freight. The investment question is whether XPO, Inc. (NYSE:XPO) can convert additional shipments into better network density and fixed-cost absorption without allowing extra handling costs to dilute margins.
Higher shipment counts can improve the utilization of routes, service centers, dock doors, and equipment. XPO, Inc. (NYSE:XPO) operates an ****** et-based North American LTL network that moves approximately 16 billion pounds of freight annually. More shipments moving through that infrastructure can spread terminal, technology, and equipment costs across a larger revenue base.
The second quarter provides evidence that XPO, Inc. (NYSE:XPO) has recently translated volume and pricing growth into stronger economics. North American LTL revenue increased 15.2% to $1.43 billion. Fuel-surcharge revenue accounted for part of that increase, rising to $314 million from $183 million. Separately, yield excluding fuel increased 4.4%, shipments per day rose 2.8%, and tonnage per day increased 1.0%.
XPO, Inc. (NYSE:XPO) reported a company-defined non-GAAP adjusted operating ratio of 79.9%, an improvement of 300 basis points. XPO, Inc. (NYSE:XPO) calculates adjusted operating ratio as one minus adjusted operating income divided by segment revenue, using unrounded amounts. Adjusted operating income removes amortization and restructuring costs and adjusts for gains on real estate transactions. XPO, Inc. (NYSE:XPO) also reported a damage claims ratio below 0.2%.
#adjusted #north #operating
11 hours ago
Sky Protocol, earlier known as MakerDAO, is a decentralized finance (DeFi) project built on Ethereum.
The crypto project is best known for its USDS stablecoin. Pegged 1:1 to the U.S. dollar, USDS attempts to keep its value the same as that of the dollar.
As per the onchain ****** ytics platform DeFiLlama, USDS has a market cap of more than $6 billion and accounts for over 2% of the total stablecoin market.
Sky Protocol's governance token, SKY, gives holders the right to vote on the protocol's future. With a market cap of $1.38 billion, SKY is the 62nd largest cryptocurrency.
Related: Explained: What is a stablecoin?
#stablecoin #project #dollar #billion
The crypto project is best known for its USDS stablecoin. Pegged 1:1 to the U.S. dollar, USDS attempts to keep its value the same as that of the dollar.
As per the onchain ****** ytics platform DeFiLlama, USDS has a market cap of more than $6 billion and accounts for over 2% of the total stablecoin market.
Sky Protocol's governance token, SKY, gives holders the right to vote on the protocol's future. With a market cap of $1.38 billion, SKY is the 62nd largest cryptocurrency.
Related: Explained: What is a stablecoin?
#stablecoin #project #dollar #billion
11 hours ago
Consolidated Edison Company of New York, Inc., the regulated utility subsidiary of Consolidated Edison, Inc. (NYSE:ED), joined New York regulatory staff and other parties in filing a proposed three-year steam-rate plan covering November 2026 through October 2029. Approval from the New York State Public Service Commission remains required.
The proposal includes headline base-rate changes of $13 million, $42 million and $39 million over the three rate years. A bill-shaping mechanism would instead implement corresponding base-rate increases of $26.6 million, $27.5 million and $28.5 million, producing an approximately 3.5% total customer-bill effect each year. Any revenue shortfall caused by delayed billing after the proposed November 1 effective date would be collected through a surcharge.
For Consolidated Edison, Inc. (NYSE:ED), the attraction is a visible investment and recovery framework. The trade-off is a 9.5% authorized return on common equity and limited room before earnings sharing begins.
The settlement supports $396 million of steam capital spending over three years, comprising $143 million, $127 million, and $126 million annually. The average rate base is projected to increase from $2.118 billion in the first rate year to $2.234 billion in the second and $2.311 billion in the third. That represents approximately 9.1% ***** ulative growth from the first year to the third, providing a larger base on which Consolidated Edison, Inc. (NYSE:ED) can earn its authorized return.
The multiyear structure also improves planning. Consolidated Edison, Inc. (NYSE:ED) would know the principal revenue, capital, and financing ***** umptions through October 2029 rather than returning immediately to a full rate proceeding. The proposed after-tax weighted average cost of capital rises from 7.07% to 7.19% across the plan, reflecting higher ***** umed long-term debt costs.
#million #consolidated #year #three
The proposal includes headline base-rate changes of $13 million, $42 million and $39 million over the three rate years. A bill-shaping mechanism would instead implement corresponding base-rate increases of $26.6 million, $27.5 million and $28.5 million, producing an approximately 3.5% total customer-bill effect each year. Any revenue shortfall caused by delayed billing after the proposed November 1 effective date would be collected through a surcharge.
For Consolidated Edison, Inc. (NYSE:ED), the attraction is a visible investment and recovery framework. The trade-off is a 9.5% authorized return on common equity and limited room before earnings sharing begins.
The settlement supports $396 million of steam capital spending over three years, comprising $143 million, $127 million, and $126 million annually. The average rate base is projected to increase from $2.118 billion in the first rate year to $2.234 billion in the second and $2.311 billion in the third. That represents approximately 9.1% ***** ulative growth from the first year to the third, providing a larger base on which Consolidated Edison, Inc. (NYSE:ED) can earn its authorized return.
The multiyear structure also improves planning. Consolidated Edison, Inc. (NYSE:ED) would know the principal revenue, capital, and financing ***** umptions through October 2029 rather than returning immediately to a full rate proceeding. The proposed after-tax weighted average cost of capital rises from 7.07% to 7.19% across the plan, reflecting higher ***** umed long-term debt costs.
#million #consolidated #year #three
11 hours ago
But first, what's optoelectronics?
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
Computers speak in electrons. Fiber in fiber optic cable speaks photons. Connect the two and that's optoelectronics.
Lasers provide the light and modulators encode digital information to be transmitted:
Optoelectronics technology is efficient and solving a data transmission problem that's been an AI bottleneck recently.
Recent pullbacks in two great optoelectronics companies have provided potentially attractive opportunities. The first company is Ciena (CIEN), a $50 billion market capitalization firm that makes high-speed optical network equipment.
#optoelectronics #fiber #connect #speak
11 hours ago
By Nate Raymond
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
11 hours ago
Royalty Pharma plc (NASDAQ:RPRX) disclosed that pelacarsen failed the Phase 3 Lp(a)HORIZON cardiovascular-outcomes trial conducted by Novartis AG (NYSE:NVS). The randomized, double-blind study enrolled 8,323 patients with elevated lipoprotein(a), or Lp(a), and established cardiovascular disease.
Pelacarsen lowered Lp(a), but the study did not meet its primary endpoint of reducing cardiovascular events compared with placebo in the overall population. The endpoint combined cardiovascular death, nonfatal heart attack, nonfatal stroke, and urgent coronary revascularization requiring hospitalization. Complete results have not yet been presented.
Royalty Pharma plc (NASDAQ:RPRX) provided Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) with $500 million in January 2023. The transaction allocated $150 million to pelacarsen royalties and $350 million to Spinraza royalties. The clinical failure shifts the financial focus from uncertain pelacarsen upside to recovery through Spinraza.
Royalty Pharma plc (NASDAQ:RPRX) acquired 25% of the Spinraza royalties received by Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) through 2027. That share increases to 45% in 2028 on Spinraza annual sales of up to $1.5 billion.
Following the HORIZON result, the Spinraza interest will revert after aggregate payments to Royalty Pharma plc (NASDAQ:RPRX) reach $550 million, equal to 1.1 times the original funding. Management expects the structure to recover the entire investment and generate a modest positive return despite the clinical failure.
#royalty #pharma #cardiovascular #horizon
Pelacarsen lowered Lp(a), but the study did not meet its primary endpoint of reducing cardiovascular events compared with placebo in the overall population. The endpoint combined cardiovascular death, nonfatal heart attack, nonfatal stroke, and urgent coronary revascularization requiring hospitalization. Complete results have not yet been presented.
Royalty Pharma plc (NASDAQ:RPRX) provided Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) with $500 million in January 2023. The transaction allocated $150 million to pelacarsen royalties and $350 million to Spinraza royalties. The clinical failure shifts the financial focus from uncertain pelacarsen upside to recovery through Spinraza.
Royalty Pharma plc (NASDAQ:RPRX) acquired 25% of the Spinraza royalties received by Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) through 2027. That share increases to 45% in 2028 on Spinraza annual sales of up to $1.5 billion.
Following the HORIZON result, the Spinraza interest will revert after aggregate payments to Royalty Pharma plc (NASDAQ:RPRX) reach $550 million, equal to 1.1 times the original funding. Management expects the structure to recover the entire investment and generate a modest positive return despite the clinical failure.
#royalty #pharma #cardiovascular #horizon
13 hours ago
25-year-old Guardians LHP Parker Messick made his MLB debut last August, and so far the results have been pretty spectacular. Even if they're helped a little by a lucky batting average on **** in play (he's at .264 for the season, the MLB average is .289). That's not a crazy outlier though, I don't think. Messick relies heavily on a 94-ish fastball and slightly slower sinker; that combo has been dynamite for him this season. He'll frequently mix in a change, less frequently some breaking stuff.
75 years ago, Bill Veeck pulled one of his signature wacky baseball stunts. He signed 3'7" Eddie Gaedel to the Browns' roster and had him pinch-hit in a game. Gaedel drew a walk — obviously his strike zone was small — and Veeck replaced him with a pinch-runner. The pinch-runner didn't score
Now, Veeck owned the St. Louis Browns at that time, not the team in Cleveland. (So this is kinda the wrong week for this post. I thought this happened in Cleveland, until I started writing it.)
But Veeck had owned the Indians for four years, selling them in 1950 when he needed money for a divorce settlement. And had done some notable things with the team, like signing the first Negro League player to join the American League, Larry Doby. (When manager Lou Boudreau introduced Doby to the team, three players refused to shake his hand — and Veeck got rid of all three.) In 1949, Veeck signed Satchel Paige, the oldest rookie to ever play in MLB at the age of 41; he'd pitch 155.2 innings over two seasons for the team (and then became a two-time All-Star with the Browns).
Veeck claimed the idea of using a small person as a pinch-hitter was his own notion… however, there'd been a 1941 story in The Saturday Evening Post called "You Could Look it Up" by James Thurber, author of "The Secret Life of Walter Mitty." You can read the Thurber story here, if you like. It has paintings by Norman Rockwell which are very detailed and striking, as usual:
#pinch #cleveland
75 years ago, Bill Veeck pulled one of his signature wacky baseball stunts. He signed 3'7" Eddie Gaedel to the Browns' roster and had him pinch-hit in a game. Gaedel drew a walk — obviously his strike zone was small — and Veeck replaced him with a pinch-runner. The pinch-runner didn't score
Now, Veeck owned the St. Louis Browns at that time, not the team in Cleveland. (So this is kinda the wrong week for this post. I thought this happened in Cleveland, until I started writing it.)
But Veeck had owned the Indians for four years, selling them in 1950 when he needed money for a divorce settlement. And had done some notable things with the team, like signing the first Negro League player to join the American League, Larry Doby. (When manager Lou Boudreau introduced Doby to the team, three players refused to shake his hand — and Veeck got rid of all three.) In 1949, Veeck signed Satchel Paige, the oldest rookie to ever play in MLB at the age of 41; he'd pitch 155.2 innings over two seasons for the team (and then became a two-time All-Star with the Browns).
Veeck claimed the idea of using a small person as a pinch-hitter was his own notion… however, there'd been a 1941 story in The Saturday Evening Post called "You Could Look it Up" by James Thurber, author of "The Secret Life of Walter Mitty." You can read the Thurber story here, if you like. It has paintings by Norman Rockwell which are very detailed and striking, as usual:
#pinch #cleveland
15 hours ago
Elon Musk has slammed director Alex Gibney as a "bitter old man" with "zero integrity" after the release of Gibney's four-hour documentary about the tech mogul.
The documentary, ***** led "Musk," was billed as a "definitive and unvarnished examination" of the ***** eX boss. However, he fired back, calling it a "hit piece that misses."
Musk had already been pulled into a social media drama after his former partner, Ashley St. Clair, claimed she turned down a $40 million offer from his team in exchange for not participating in the documentary.
The outspoken billionaire launched a furious public tirade against Alex Gibney following the premiere of "Musk," an unflinching four-hour documentary examining his life, power, and global political influence at the Venice Film Festival.
Taking to X (formerly Twitter), the platform he acquired for $44 billion in 2022, the tech billionaire dismissed the documentary. He also attacked the director's personal and professional credibility, calling him a "bitter old man" who has "zero integrity."
#alex #gibney #hour
The documentary, ***** led "Musk," was billed as a "definitive and unvarnished examination" of the ***** eX boss. However, he fired back, calling it a "hit piece that misses."
Musk had already been pulled into a social media drama after his former partner, Ashley St. Clair, claimed she turned down a $40 million offer from his team in exchange for not participating in the documentary.
The outspoken billionaire launched a furious public tirade against Alex Gibney following the premiere of "Musk," an unflinching four-hour documentary examining his life, power, and global political influence at the Venice Film Festival.
Taking to X (formerly Twitter), the platform he acquired for $44 billion in 2022, the tech billionaire dismissed the documentary. He also attacked the director's personal and professional credibility, calling him a "bitter old man" who has "zero integrity."
#alex #gibney #hour
15 hours ago
The S&P 500 Index ($SPX) (SPY) is down -0.54% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.96%. E-mini S&P futures (ESU26) are down -0.50%, and September E-mini Nasdaq futures (NQU26) are down -0.93%.
Stock indexes are falling today, with the S&P 500 and Dow Jones Industrials dropping to 5-week lows. Soaring energy prices are pushing global bond yields higher today, weighing on stocks. WTI crude oil is up more than +3% today at a 3.5-month high amid fears that the US-Iran war will persist, increasing inflation risks and prompting the world's central banks to keep raising interest rates. The 10-year UK Gilt yield rose to a 19-year high today of 5.34%, the 10-year German Bund yield climbed to a 15-year high of 3.49%, and the 10-year T-note yield rose to a 2.75-year high of 4.92%.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ****** e
#index
Stock indexes are falling today, with the S&P 500 and Dow Jones Industrials dropping to 5-week lows. Soaring energy prices are pushing global bond yields higher today, weighing on stocks. WTI crude oil is up more than +3% today at a 3.5-month high amid fears that the US-Iran war will persist, increasing inflation risks and prompting the world's central banks to keep raising interest rates. The 10-year UK Gilt yield rose to a 19-year high today of 5.34%, the 10-year German Bund yield climbed to a 15-year high of 3.49%, and the 10-year T-note yield rose to a 2.75-year high of 4.92%.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ****** e
#index
15 hours ago
Stablecoin issuer Tether is expanding into the realm of private credit.
The company behind USDT coin (CRYPTO: $USDT) is partnering with British ******* et manager Fasanara Capital and putting $400 million U.S. into a fund that plans to use its stablecoin to move money globally.
Specifically, Tether and Fasanara Capital are joining forces to support StableFund, a private credit vehicle that aims to raise as much as $3 billion U.S. from institutional investors.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#stablecoin #credit
The company behind USDT coin (CRYPTO: $USDT) is partnering with British ******* et manager Fasanara Capital and putting $400 million U.S. into a fund that plans to use its stablecoin to move money globally.
Specifically, Tether and Fasanara Capital are joining forces to support StableFund, a private credit vehicle that aims to raise as much as $3 billion U.S. from institutional investors.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#stablecoin #credit
15 hours ago
Saint Louis, Missouri-based Centene Corporation (CNC) operates as a healthcare enterprise that provides programs and services to underinsured and uninsured families and commercial organizations in the United States. The company has a market capitalization of $31.6 billion and operates through Medicaid, Medicare, Commercial, and Other segments.
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." CNC fits squarely into that category, with a market cap above this threshold that reflects its substantial size and influence in the healthcare plans industry.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ****** e
#saint
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." CNC fits squarely into that category, with a market cap above this threshold that reflects its substantial size and influence in the healthcare plans industry.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ****** e
#saint
