The 'half-a-loaf' plan gifts roughly half of excess ***** ets to children, then uses a Medicaid-compliant annuity to bridge the penalty period.
Keeping retained cash in a bank account prevents the penalty clock from starting, since ***** ets above $2,000 disqualify the applicant outright.
One flawed annuity term or miscalculated divisor can unravel the entire plan, making elder law attorney guidance essential before any money moves.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Picture a common scenario in a state where this type of crisis planning is welcome: Dad moves into a nursing home with roughly $200,000 sitting above the $2,000 countable-asset limit that most states use for single Nursing Home Medicaid applicants. His family gifts about $100,000 to the children, then uses the other half to buy a short-term Medicaid-compliant annuity that pays the nursing home while the gift penalty runs. When the penalty ends, Medicaid picks up the bill. The children keep the gift.

#annuity #roughly

By Exec-Edge Editorial Staff
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?

#edge #Research #turned

In technology, the loudest applause usually comes at the demo, not the delivery. A flashy prototype draws headlines. The unglamorous rollout that actually generates revenue often gets a shrug.
CoreWeave, Inc. (CRWV) just lived that gap. The AI cloud provider rents out Nvidia Corporation (NVDA) chips to companies building artificial intelligence systems.
On Wednesday, September 16, it said it had linked hundreds of Nvidia's newest Rubin GPUs into a single working cluster, not just a test rack, according to the announcement.
For investors, that business model makes CRWV one of the most direct public ways to bet on AI infrastructure demand, without owning a chipmaker outright.
Nvidia, by contrast, is best known as the company that designs the GPUs everyone in the AI race is trying to get their hands on.

#crwv #NVIDIA #corporation #rubin

The Federal Reserve's interest rate hike — the first in three years — is a policy shift that will have a domino effect for retirees.
Those in retirement and those nearing retirement need to factor interest rates into their investment decisions. To explain what the Fed hike might mean, Yahoo Finance talked to several wealth management advisers and finance professionals.
First off, it's important to keep in mind that one quarter-point rate hike won't drastically alter anyone's fortunes.
"A single rate hike rarely helps or hurts a retiree outright," said Michael Cochran, chief investment officer at BentOak Capital in Fort Worth, Texas. "It reshuffles the deck where there are benefits, but also some pressures."
A rate hike could be good news because it means that savings yields will likely rise, said LendingTree chief consumer finance **** yst Matt Schulz.

#first #Retirement #chief #michael

Leasing a car requires less money upfront and has lower payments, but there are typically mileage restrictions and additional costs.
Buying can mean more expensive monthly payments and long-term maintenance costs, but you have greater control over its use and lower costs in the long run.
With leasing, you do not own the vehicle at the end of the lease term. Financing is more expensive in the short term, but you will own the vehicle once you've finished paying.
When you lease a car, you pay to use it and return it once the lease term is up. This often means lower monthly payments, but leasing can be more expensive than buying a car since you won't be able to sell your car or use it as a trade-in for your next purchase. Buying a car means owning it outright — once you've repaid your loan — and can drive it for years after your monthly payments finish.
If you're deciding between the two, balance your desire for top-of-the-line tech and a reasonable monthly payment against the long-term benefits of owning a car.

#term #payments #lower #costs

After spending years trading like a premium-priced AI leader, Nvidia may now be among the cheapest names in Piper Sandler's AI universe. NVIDIA Corporation (NASDAQ:NVDA) is trading at an attractive valuation according to Piper Sandler's forecast, with rapid AI growth backing its trajectory.
On September 9, Piper Sandler ***** yst David O'Connor initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with an Overweight rating and a price target of $300, implying roughly 34% upside.
The firm believes that the chipmaker is an outright AI compute leader controlling 80% of the market by value and an estimated 50% by units. Owing to its annual cadence of next-generation products, it has been able to continue to drive the industry forward.
Everyone knows and agrees that Nvidia has grown at an exponential pace. Its recent results offer evidence of operational strength as well. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% year-over-year.
The chipmaker's data center revenue also surged 117% to $89 billion. GAAP gross margin was75%, while adjusted diluted earnings reached $2.22 per share. The figures highlight how Nvidia's robust demand is translating into profitability for the company.

#NVIDIA #corporation #trading #company

Hayden Gillim won his second King of the Baggers Championship after splitting wins with Bradley Smith at Circuit of the Americas. Gillim also won the **** le in 2023 riding for the Vance & Hines Harley-Davidson team, and after the team switched to Indian this season, he became the first rider to win the **** le for two different manufacturers.
Gillim arrived at COTA with a 23-point lead over teammate Troy Herfoss and a 54-point gap over Harley-Davidson x Dynojet rider Smith. Gillim took Race 1 ahead of Smith and teammate Rocco Landers, while Herfoss retired after a crash on his third lap.
That result set up Race 2 on Sunday, where all Gillim needed to do was manage the gap rather than win outright. Gillim passed Herfoss on the opening lap but ceded the lead to Smith on the fourth lap. Smith held on to win by 4.717 seconds while Gillim held off SDI Racing's Tyler O'Hara to finish second. Herfoss finished off the podium in fifth, behind Harley-Davidson's James Rispoli.
With only a maximum of 50 points remaining across the two-race New Jersey finale, Gillim's 54-point cushion over Smith was enough to secure his second King of the Baggers crown.
"We didn't get the bikes until late and got one test in before the season started, and we came out winning," said Gillim, who won 8 of 12 races heading into New Jersey. "To be able to finish it early is pretty special, especially against the guys that we're racing against."

#smith #harley #king #baggers

The NFL is back and Week 1 saw a little bit of everything, from the New Orleans Saints (+7) nearly coming back from a 21-0 deficit to beat the Detroit Lions to the Arizona Cardinals — with a preseason win total of 3.5 — defeat the Los Angeles Chargers outright 26-14 and eliminate many, many Survivor entries.
But the odds are already out for every Week 2 NFL game at BetMGM, so let's take a look at what's in store as the season rolls on:
Thursday
Detroit Lions at Buffalo Bills (-4.5, 53.5)
Sunday

#lions #arizona

Manchester United host Manchester City at Old Trafford on Sunday in the first Manchester derby of the season, with Enzo Maresca's league leaders looking to maintain a perfect start to the campaign against a United side sitting 11th on four points.
Both clubs arrive on the back of Champions League wins in midweek, City beating Porto 2-0 and United thrashing debutants Sabah 4-0. Michael Carrick, who took permanent charge of United since first winning this exact fixture as interim boss in January, has won nine of his 10 Premier League home matches in his second spell at the club and is looking to become the first United manager in 113 years to win both of his opening derbies in the league.
City, meanwhile, have won their first three league games this season and would set an outright record for most consecutive opening-day wins to a Premier League campaign with victory on Sunday. The match kicks off at 16:30 and will be shown live in the UK on Sky Sports Main Event and Sky Sports Premier League.
Date: Sunday, 13 September 2026
Kick-off: 16:30 BST

#premier #sports

Exelixis (EXEL) stock dropped out of a buy zone Friday after the Food and Drug Administration delayed the potential approval of its new colon cancer treatment by three months. The combination includes Exelixis' zanzalintinib and Roche's (RHHBY) Tecentriq. William Blair ***** yst Andy Hsieh says it's unlikely the agency will outright reject the combo, which showed an overall survival benefit for…

#rhhby #tecentriq #william

Greg Abel took over as CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) at the start of 2026. Former CEO Warren Buffett left Abel a huge gift: nearly $400 billion in cash on the company's balance sheet. Abel has put some of that cash to work buying Taylor Morrison Home, and some has been spent on publicly traded stock investments. However, Abel has also decided to buy back Berkshire Hathaway stock. That could be a positive sign. Here's why.
Under Warren Buffett, Berkshire Hathaway didn't make a habit of buying back stock. The world-famous investor preferred to put cash to work by buying shares in other companies or buying companies outright. When he did buy back Berkshire Hathaway stock, it was because he believed the shares were undervalued.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
This dynamic is clearly explained in the company's 2025 10k, where the company states: "Berkshire's common stock repurchase program currently permits Berkshire to repurchase shares any time that Berkshire's Chief Executive Officer, after consultation with the Chairman of the Board, believes that the repurchase price is below Berkshire's intrinsic value, conservatively determined." The only limit on repurchase activity is that it can't reduce the company's cash and short-term investment balance below $30 billion.
Some market watchers had hypothesized that Berkshire Hathaway bought as much as $11 billion of its own stock in the second quarter, but the real number turned out to be roughly $4.5 billion. That said, the number was still quite large and, even then, given the huge cash balance the company has, it didn't put the company anywhere near the $30 billion cash limitation.

#Stock

The Diamondbacks selected the contract of first baseman Pavin Smith from Triple-A Reno, bringing back the longtime lefty bat a couple of months after his struggles in the majors led to him being designated for ****** ignment.
To make room, the Diamondbacks optioned catcher Adrian Del Castillo.
Smith went a miserable 11 for 78 (.141) with one homer in 28 games before the Diamondbacks moved on from him in July. Smith cleared waivers and was outrighted to Reno, where he hit .287/.423/.504 in 39 games. He was even better in recent weeks, going 15 for 47 (.319) with four homers and a 1.109 OPS over his past 13 games.
"It's an opportunity for Pavin to go and show what he can do against some right-handed pitching," Diamondbacks manager Torey Lovullo said. "He's been performing in Triple-A. We're just curious to see what it looks like this time around. I know the last time around it did not go well at all, but he's going to get a start here and there and it's an opportunity for him to show us where he's at and what he's picked up since he was sent back down."
Lovullo added: "The Triple-A staff felt very strongly he could come back up here and help contribute."

#triple #Opportunity

Trading near $45 a share, Boston Scientific (BSX) sits roughly 58% below its 52-week peak. Instead of buying the dip outright, selling cash-secured put options allows investors to generate immediate income while locking in an even deeper entry point. However, this trade only works if you are comfortable holding the stock through a turnaround, particularly as both of the company's core growth drivers—WATCHMAN and electrophysiology—face sudden operational headwinds.
Sell a put option on BSX expiring 9/17/2027, with a strike price of $30.
Collect roughly $135 in premium per contract (each contract covers 100 shares).
That works out to about 4.4% annualized on the $3,000 of cash you set aside to secure the trade.
Park that collateral in Treasury bills or a Treasury money-market fund yielding roughly 3.9%, boosting your total cash-secured return to about 8.3%.

#secured #works #trading #scientific

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.
There is a moment in every wild party where somebody suggests a new thing that will make the night 10 times more fun for 45 minutes and excruciatingly worse for the days that will follow. Defiance ETFs has decided that we've reached that point in the ETF party and just filed its suggestion with the Securities and Exchange Commission… Sixteen times over.
Defiance wants to launch 16 new ETFs, all built on the same idea and all named for it: the Defiance 2X Hourly Reset ETF, one each for NVDA, TSLA, PLTR, GOOG, META, MSFT, AMD, MU, TSM, MRVL and six more. Paperwork went in through Tidal Trust V with the clock set to run 75 days, so they go live around November 4 unless somebody stops them.
Each fund promises double whatever the stock does, and then delivers on that promise six separate times a day. Every roughly hour-long window starts fresh, with the leverage reset to 2x from wherever the stock happens to be sitting. The filing says outright that the promise applies to nothing else. Not to a day, not to a month, not to a year. Six windows, and after each one closes, whatever happened in it is permanent.
Your losses don't get a fresh start when the leverage does. A stock that whipsaws its way to nowhere by 4 p.m. can leave the fund substantially poorer, and every additional reset is another chance for that to happen.

#somebody

The Los Angeles Clippers are still reeling in the aftermath of a cap circumvention scandal. For their part in helping Kawhi Leonard secure millions in off-the-court, "no-show" endorsement deals, the franchise had to give up five first-round picks and $30 million, culminating in one of the most severe penalties in NBA history.
Through it all, Kawhi escaped the scandal relatively unscathed. Besides a $700K fine, he didn't face any major consequences, and even his trade to the Toronto Raptors remains completely untouched. And yet, even now, the Clippers have yet to finalize the trade, leading some executives to suspect they are considering some sort of revenge against Leonard for how he's turned his back on the team.
"The Raptors, I'm told, are eager to consummate the trade after initially placing it on hold July 9 (to guard against a Leonard suspension or the outright voiding of his contract) and still firmly believe that the deal will happen as agreed upon and intended. Ditto for Leonard and his camp," wrote NBA insider Marc Stein. "Yet the delay has naturally led some league observers to wonder aloud whether the Clippers are holding off — or considering something even more drastic — to spite Leonard for so readily accepting the league's punishment rather than invoking his right to pursue an appeal. Any formal appeal within the NBA's auspices in such matters, remember, must be initiated by the player in question rather than the team according to league by-laws."
The Clippers have given up everything for Kawhi, and they set themselves back 10 years just to make him happy. From his very arrival, Kawhi was making outlandish requests and even forced the Clippers to give up five first-round picks (along with future MVP Shai Gilgeous-Alexander) in a deal for Paul George. By the end, the total cost of Leonard's services amounts to 10 first-round picks (not counting SGA), and it was all for a team that never made the Finals.
So when the Clippers were caught holding the bag in the cap circumvention scandal, they naturally expected some level of cooperation from Leonard, someone they moved heaven and earth to appease. Instead, he settled with the NBA right away, avoiding more severe penalties while stripping the Clippers of any power to fight back.

#clippers #leonard #first

Detroit is still without a permanent general manager, and training camp opens Sept. 17. Shawn Horcoff is running day-to-day operations on an interim basis, with one significant restriction: he cannot make trades. Chris Ilitch has brought in an outside search firm, and the list of outside names has already been trimmed.
Most of the attention has gone to the candidates coming from other organizations. But three of the most credible Red Wings GM candidates already work in the building, and the Wings need to at least consider looking at them.
Steve Yzerman's tenure in Detroit was less than fruitful; fans and ******* ysts both tried to stay faithful to the so-called "Yzerplan." Yzerman stepped down on July 15 after seven seasons that produced zero playoff berths, and he remains with the organization as a senior adviser to Ilitch rather than having been fired outright. During his tenure there seemed to be no urgency to help the team make it back to the playoffs, even though they were within range the past three seasons.
Now, this is not the complete fault of Yzerman, as he was handcuffed by Chris Ilitch. Reports have come out that Yzerman needed approval from Ilitch on certain deals, more specifically signing Steven Stamkos as a free agent, just to see him put up productive seasons — 69 goals across two campaigns for the Nashville Predators, 27 in his first year and 42 in his second.
Yzerman's highlights of acquisitions for the team are trading for Alex DeBrincat and signing Patrick Kane coming off hip surgery. He also had his fair share of misses, such as Andrew Copp ($5.625 AAV/5 years), J.T. Compher ($5.100 AAV/5 years), Michael Rasmussen ($3.200 AAV/4 years), Vladimir Tarasenko ($4.750 AAV/2 years), and the list can go on. He made poor contract extensions and signed aging superstars to try and get any juice that they had left.

#chris

As Kansas City Chiefs superstar tight end Travis Kelce prepares for another season with the Chiefs, it sounds like his newlywed wife has no interest in spending much time in Kansas City.
While Travis and Taylor officially tied the knot back in July, that doesn't mean Taylor uprooted her life and moved to Kansas City to be with Kelce as he prepares for the upcoming season. In fact, one longtime Hollywood insider has indicated that she has outright refused to do that.
While Taylor and Travis are just a couple of months into their new marriage, the two have not spent much time together over the past few weeks as Travis prepares for the upcoming NFL season in Kansas City.
As longtime Hollywood insider and former celebrity publicist Rob Shuter reports, this is because Taylor does not want to live in Kansas City.
"Taylor Swift is not moving to Kansas City for a year. Not going to happen," he said during his recent appearance on Maureen Callahan's "The Nerve" podcast.

#much

AMD gained 4.7% and Intel rose 4.5% on September 4, while Nvidia added only 0.8%. The one-session gap is consistent with investors widening the AI trade beyond Nvidia, but it cannot identify buyer motive or prove a lasting rotation. Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC) each offer a route to AI spending that does not require Nvidia to lose outright.
AMD's second-quarter revenue reached a record $11.5 billion, up 50% year over year, and Data Center represented 58% of the company. Its portfolio includes MI450 accelerators, sixth-generation EPYC processors, Helios rack-scale systems, and Pensando networking. Customers seeking a credible second source and more negotiating leverage support the bull case. The countercase is software maturity, execution across a broad roadmap, and the capital required to challenge Nvidia's ecosystem.
Insider Monkey's database counted 164 hedge funds holding Advanced Micro Devices, Inc. (NASDAQ:AMD) in Q2 2026, up from 134 in Q1 2026. Marshall Wace reported 3,898,210 shares, about 3% more than in Q1. The quarter-end filings predate the September 4 rally and cannot show whether funds reacted to it.
Intel's second-quarter Data Center and AI revenue was $6.3 billion, up 59% year over year. A resilient CPU franchise, custom silicon, advanced packaging, and a domestic foundry network form the bull case. The cost and uncertain returns of rebuilding manufacturing leadership form the bear case. Intel generated $1.8 billion of GAAP operating income, while its $2.16 GAAP loss per share was driven largely by a $12.5 billion noncash mark-to-market loss on escrowed shares. Negative $8.4 billion adjusted free cash flow still makes capital efficiency a real concern.
The Q2 2026 database counted 138 hedge funds holding Intel Corporation (NASDAQ:INTC), up from 112 in Q1 2026. AQR Capital Management reported 10,742,567 shares after cutting its position by about 6% from Q1. That disclosure also predates the September rally, so it is historical positioning rather than a reaction.

#billion #advanced #quarter

Before the European's made their historic comeback at the 2012 Ryder Cup at Medinah, Ian Poulter had to make five birdies in a row to help him and Rory McIlroy win their Saturday match and trim Team USA's lead to 10-6 heading into Sunday.
"This has given us a heartbeat," Poulter said that Saturday night. One day later, the Europeans had stormed back to ****** the Ryder Cup away from the Americans in historic fashion. But the comeback all started with Poulter creating momentum out of thin air for his team to feed off — creating belief.
On Sunday at the 51st Walker Cup, Great Britain and Ireland faced a similar mountain to climb. After getting whitewashed in the morning foursomes, GB&I entered Sunday singles trailing the Americans by three points. The Americans needed just 3.5 points from their 10 matches to retain the cup and four to win outright. GB&I captain Dean Robertson believed his team could mount the biggest comeback in Walker Cup history, but first it needed a pulse.
Enter: 33-year-old mid-amateur Stuart Grehan.
The Irishman already authored a Walker Cup moment to remember on Saturday when he won the final three holes of his match against World No. 1 amateur Preston Stout to steal a crucial point. After pouring in the winning putt on Saturday, Grehan and his son were mobbed by Irish fans as chants of "Ole, Ole, Ole, Ole" filled the air.

#saturday #poulter #sunday #grehan

Jacksonville Beach native Miles Russell seemingly has his singles match and possibly a U.S. draw in the Walker Cup in hand with two holes to play against Connor Graham of Scotland on Sept. 6, at the Lahinch Golf Club in Ireland.
Graham, a junior at Texas Tech and a first-team All-Big 12 player last year, had other ideas.
Graham birdied the last two holes while the 17-year-old Russell, playing in his first Walker Cup, went bogey-par. The ensuing halve opened the door for Josh Hill to beat Russell's doubles partner Tyler Watts 1-up with an up-and-down from a greenside bunker and clinch the Cup for Great Britain/Ireland,13.5-12.5 victory.
The victory ended a five-match winning streak for the Americans. GB/I won seven of the 10 singles matches to rally from a three-point deficit after the Americans swept the morning foursomes.
Had Russell pulled out the victory, the U.S. would have at least retained the Walker Cup with a 13-13 tie. If Watts had won his match, the U.S. would have won outright.

#victory

There are days when you know you are witnessing something special.
That was Sunday at the Italian Grand Prix.
Kimi Antonelli, starting down in P19 Sunday at Monday due to a change in his power unit, rocketed his way through the field not just to take a podium finish, but to win outright and take a huge step forward towards winning his first Formula 1 Drivers' Championship.
His performance at Monza makes it seem like if he indeed wins a ***** le this season, it will not be his last.
Antonelli carved his way through the field, working up to P12 for an early restart after a huge shunt from Charles Leclerc brought out a red flag on the third lap of the race. By Lap 9 Antonelli was up into sixth place.

#huge

On the verge of club history, Charlotte FC's Pep Biel talks soccer, life
When Charlotte FC hosts the Houston Dynamo Saturday, star midfielder Pep Biel could tie the club's record for goal contributions, or claim it outright. Biel is chasing Karol Swiderski's all-time record of 48, sitting just one shy of the tie heading into this weekend's match.
ALSO READ: Charlotte FC's Pep Biel talks soccer, life, and art
Matchday also happens to be his30th birthday.
At 5 p.m., Channel 9's DaShawn Brown speaks with Biel about soccer, life, and art.

#biel #charlotte

On August 6, PENN Entertainment (NASDAQ:PENN) reported second-quarter results that flipped from a year-ago loss into a profit. Net income came in at $32.6 million, compared with a loss of $18.3 million in the same quarter of 2025. Revenue rose to $1.86 billion from $1.77 billion, and Adjusted EBITDA climbed to $312.6 million from $236.1 million. Diluted earnings per share landed at $0.24, versus a loss per share of $0.12 a year earlier. For a company whose digital business has weighed on results for years, that combination stands out.
The Retail segment, which covers PENN's casino properties across the Northeast, South, West and Midwest, generated $1.5 billion in revenue and $517.2 million in Segment Adjusted EBITDAR, a margin of 34.4%. Nine properties posted their best second quarter ever for both revenue and Adjusted EBITDAR, a sign the strength wasn't confined to one or two markets. June brought two new additions to the portfolio: a hotel tower at Hollywood Columbus and the new Hollywood Casino Aurora, both of which the company said are already drawing strong visitation.
The balance sheet also moved in the right direction. Total liquidity stood at $1.9 billion as of June 30, including $887.2 million in cash. Traditional net debt fell to $1,927.5 million from $2,217.5 million at the end of 2025, pulling traditional net leverage down to 2.9 times from 4.5 times over that span. Capital expenditures dropped to $97.5 million in the quarter from $159.4 million a year earlier. On May 15, PENN repaid the remaining $106.7 million balance of its 2.75% convertible notes, wiping out roughly 4.6 million potentially dilutive shares in the process.
The Interactive segment still lost money, an Adjusted EBITDA loss of $9.5 million, though that's a sharp improvement from the $62.0 million loss posted in the second quarter of 2025. Revenue for the segment reached $349.4 million, but $185.5 million of that figure came from a tax gross-up rather than actual wagering activity, a distinction that matters when sizing up the segment's real growth. PENN also leaned on refinancing to manage its debt load rather than paying it down outright: on April 16, it extended its $1.0 billion revolving credit facility and $446.9 million term loan A to 2031, and on May 28, it repriced and extended its term loan B facility to 2033.
Total traditional debt still sat at $2,814.7 million at quarter's end. Other expenses jumped to $43.0 million for the first six months of 2026 from just $2.2 million a year earlier, driven by transaction costs, severance tied to a corporate reorganization, and settlement costs connected to the company's cooperation agreement with HG Vora Capital Management. Cash rent payments to REIT landlords also remained a heavy recurring cost, $247.1 million for the quarter alone.

#revenue

On August 26, Biohaven (NYSE:BHVN) and SK Biopharmaceuticals announced a global licensing agreement covering opakalim, Biohaven's lead epilepsy candidate, in a deal worth up to $795 million plus royalties. SK Biopharmaceuticals picks up exclusive worldwide rights to Biohaven's Kv7 ion channel platform, while Biohaven walks away with $400 million in near-term cash. The timing lines up with an August 10, 2026 earnings report that showed Biohaven still losing well over $100 million a quarter, and the gap between those two dates explains a lot about why this deal happened now.
SK Biopharmaceuticals will pay up to $795 million in upfront and milestone payments connected to the Kv7 platform, on top of tiered royalties on US net sales of opakalim that range from the mid-teens to low twenties. Biohaven collects $350 million at closing and another $50 million in 2027, with as much as $150 million more available through development and regulatory milestones plus royalties on global sales. SK Biopharmaceuticals is also taking over Kv7 program costs going forward, including certain Knopp Biosciences obligations. CEO Vlad Coric described the structure as proof Biohaven can monetize its pipeline through partnerships rather than leaning on public markets for cash.
The deal only makes sense because opakalim looks like it works. In a proof-of-concept study in idiopathic generalized epilepsy, the median time to a second generalized tonic-clonic seizure stretched to 141 days on opakalim versus 47 days on placebo, and a third of patients made it through the full 24 weeks without a second seizure. In focal epilepsy, 54% of patients in an open-label extension study saw at least a 50% drop in seizure frequency over any six months, in a group of more than 100 patients.
Opakalim is also designed as a once-daily pill with no ******* ration required, a real edge over older antiseizure drugs. Pairing that data with SK Biopharmaceuticals, the company behind XCOPRI and the only firm to bring a new focal-seizure drug to the US market since 2016, gives Opakalim a commercial path Biohaven would have struggled to build alone. The cash also buys runway for the rest of the pipeline, including protein degraders BHV-1300 and BHV-1400, which have shown rapid, selective reductions in disease-driving antibodies in Graves' disease and IgA nephropathy with clean safety data across nearly 200 patients dosed.
Biohaven is giving up full ownership of an ******* et it now believes could be a major seller. Royalties in the mid-teens to low twenties are real money, but they are a fraction of what outright ownership of an approved epilepsy drug would be worth, and $50 million of the $400 million upfront does not arrive until 2027. The Knopp Biosciences obligations SK Biopharmaceuticals is absorbing, worth up to $245 million plus mid-single-digit royalties, are a reminder that other parties already have claims on opakalim's future revenue before Biohaven sees a dollar of profit from it.

#ro

The Green Bay Packers appear to have the talent needed to challenge for the Super Bowl, giving the franchise a real opportunity to end its lengthy championship drought. Green Bay has not reached the Super Bowl since its 2010 ******* le run, but expectations are high that this roster could finally put the team back on that stage.
The Packers reshaped their defense during the offseason, adding Zaire Franklin at linebacker and Javon Hargrave along the interior of the defensive line. Both additions give Green Bay more depth and experience as the team navigates Micah Parsons' absence while he continues to recover from an ACL injury.
Talk of Green Bay making a move for Arizona Cardinals linebacker Josh Sweat appears to be unfounded. Packers general manager Brian Gutekunst dismissed the trade speculation outright, according to The Athletic's Matt Schneidman.
Feb 24, 2026; Indianapolis, IN, USA; Green Bay Packers general manager Brian Gutekunst speaks at the NFL Scouting Combine at the Indiana Convention Center. Mandatory Credit: Kirby Lee-Imagn Images
"Somebody's making stuff up," remarked the Packers GM when he was addressing the media.

#super #gutekunst #general

Apple stock just had its best day in five weeks as John Ternus took over from Tim Cook as CEO, becoming just the company's third chief executive this century.
The rally has pushed Apple away from a support zone near $310 and back toward its late-July record area near $340 — giving shareholders a natural way to define both their downside and upside with options.
Apple (AAPL) was trading around $325 early this week, almost exactly halfway between those two levels. That sets up a strategy known as a collar.
A collar isn't a standalone options bet. The investor must own 100 Apple shares — either already held or bought outright — and then layer the options on top. In this case, that means buying one Sept. 18 $310 put and selling one Sept. 18 $340 call.
With Apple at $324.77 when the trade was priced, the $310 put cost about $2.17 per share, or $217 for one contract. The $340 call brought in about $2.12 per share, or $212.

#sept #near #collar #cook

Welcome to SB Nation Reacts, a survey of fans across the NFL. Throughout the year we ask questions of the most plugged-in Browns fans and fans across the country.
The Cleveland Browns faced several difficult decisions as they trimmed their roster down to 53 players. Every season, the organization makes a few decisions that catch fans by surprise. Which selections at this year's deadline were particularly surprising?
Taylen Green was far from a lock to make the roster throughout the summer. As training camp came to a close and Green took some snaps in the preseason, he proved to the front office and coaching staff that he deserved a roster spot.
Dillon Gabriel was questionable to make the roster because of the fact that keeping four quarterbacks seemed like a bit too much. After a strong third preseason performance, the belief was that the Browns would either find a trade partner for Gabriel, or that he'd make the final roster outright. Instead, a curveball was thrown when he landed on injured reserve with a "back injury."
Luke Floriea not making the 53-man roster was a bit of a surprise, but it is an even bigger surprise that the team does not intend to bring him back to the practice squad. The wide receiver group was certainly more competitive this season, so it was going to be tough for Floriea to make it in that group. Most felt Floriea did enough during the preseason to earn a spot with the team in some capacity, making the decision not to add him to the practice squad all the more surprising.

#surprise #green

Corn price action is kicking off the final trade day of August with modest losses of fractionally to 1 ½ cents. Month end pressure could play a role today. Futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied 28 ¼ cents last week, with December 28 up cents. Open interest was up 35,585 contracts on Friday. There were 90 deliveries issued against September corn on First Norice Day. The CmdtyView national average Cash Corn price was back up 2 1/4 cents at $4.84 1/4.
Friday's CFTC data showed managed money in corn futures and options adding a total of 126,008 contracts to their net long as of August 25. That net long was tallied at 376,513 contracts, which was the largest since April 2022, but still over 52,000 contracts shy of the Tuesday record going back to 2006. Specs held a total of 465,500 contracts of outright longs by Tuesday, the largest on record.
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#cents #tuesday

The Green Bay Packers don't have a third quarterback, and that's weird. Half of the NFL kept three players at the position (four of them kept four, if you can believe it) at the cutdown deadline, when rosters shrank from 91 to 53 on Sunday. So for the Packers to have only rostered two players at the position and have no internal option to even add to the practice squad sticks out like a sore thumb, but that's the offset when the Miami Dolphins are willing to give you a draft pick for a guy you signed off the street in January.
I'm sure a lot of you are thinking, "Wait, who am I going to see under center if Jordan Love or Tyrod Taylor ever go down, God forbid?" I don't know the answer to that, but I'm going to throw a couple of options out for you today.
This is probably the least inspired of our options. The Packers signed Kyron Drones to a deal worth $5,000 guaranteed as an undrafted free agent this offseason, and he was beat out for the QB3 job (at least in the summer) by Kyle McCord (who, again, is now a Dolphin). Drones was outright waived by the team — with the Packers not even needing to fill his roster spot for several days — after a four-dropback performance against the Pittsburgh Steelers in the preseason opener. Drones was sacked on three of those plays, including a screen. It seemed like they were just over the experience.
Alright, here's where I did a lot of legwork. We're going to have to use different fonts to mean different things, because I want you to be able to take one glance and understand the full landscape at the position.
Players whose names are bolded were cut from teams that kept three or more quarterbacks. These are the players who are most likely to be available for the Packers, as these teams are less likely to need a practice squad arm for the scout team.

#packers #players #even

The Seattle Seahawks made the somewhat surprising decision to not just release veteran wide receiver Cody White, but to not even retain him on the practice squad like has been the norm over the past couple of seasons. We now know that the next chapter of White's career will be with his former Seahawks offensive coordinator.
White has signed with the Las Vegas Raiders practice squad, which will reunite him with new Raiders head coach Klint Kubiak.
The Raiders have scarcely looked at signing available former Seahawks players, but now they have Cody on the practice squad and free agent signing Dareke Young on their 53-man active roster. If you've taken a look at the Raiders' receiver depth chart, there is a more viable path to game day elevations if not an outright promotion to the active roster for Cody. White joins the waiver-claimed Jared Ivey as the first two Seahawks roster cuts confirmed to be heading elsewhere this season.
White was in competition with Ricky White III, Montorie Foster Jr, and Emmanuel Henderson Jr for the bottom-end of Seattle's wide receiver depth chart. With Jake Bobo out for the year, there figured to be a reasonable chance that Cody would either be on the active roster or signed back to Seattle's practice squad. The fact that neither happened is yet another strong endorsement for the rise of Foster, who appeared to separate himself pretty clearly from Ricky White and Henderson throughout camp and preseason.
We'll always have this moment, Cody White! And you've got a ring as a result.

#squad #roster #active #ricky