11 days ago
In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that's becoming less expensive: condominiums.
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
11 days ago
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If you've dreamed of becoming a millionaire, you're not alone. To many, hitting this financial milestone signals you've "made it." With ******* ets valued at seven figures, you can wave goodbye to many of the financial stressors that nagged at you when you had less.
However, with inflation eroding the value of the dollar with each passing year, being a millionaire doesn't mean what it used to. As a result, there are more millionaires today than there used to be, and becoming one might be more within your reach.
Read on to learn more about how many millionaires there are in the U.S. today and ways you can grow your net worth to become a millionaire too.
The term "millionaire" can have a range of different meanings depending on who you ask. Some people may define a millionaire as someone who earns a seven-figure income each year. But the most widely accepted definition is someone with a net worth of at least $1 million.
#millionaire #financial #seven #used
If you've dreamed of becoming a millionaire, you're not alone. To many, hitting this financial milestone signals you've "made it." With ******* ets valued at seven figures, you can wave goodbye to many of the financial stressors that nagged at you when you had less.
However, with inflation eroding the value of the dollar with each passing year, being a millionaire doesn't mean what it used to. As a result, there are more millionaires today than there used to be, and becoming one might be more within your reach.
Read on to learn more about how many millionaires there are in the U.S. today and ways you can grow your net worth to become a millionaire too.
The term "millionaire" can have a range of different meanings depending on who you ask. Some people may define a millionaire as someone who earns a seven-figure income each year. But the most widely accepted definition is someone with a net worth of at least $1 million.
#millionaire #financial #seven #used
29 days ago
Mckenna Grace just took method dressing to a new level. The actress wore a recreation of one of Jennifer Lawrence's gowns from the film "The Hunger Games: Catching Fire" on Tuesday night for the "Elegance Is Authority: The Story, Style and Power of Panem" exhibition at Musee Rodin in Paris on Tuesday night.
Mckenna Grace
The actress turned to designer Monique Lhuillier for the recreated gown, which referenced Katniss Everdeen's wedding dress, created by costume designer Trish Summerville in collaboration with Tex Saverio, in the 2013 film, an adaptation of the young adult book series of the same name by Suzanne Collins.
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#grace #tuesday #film
Mckenna Grace
The actress turned to designer Monique Lhuillier for the recreated gown, which referenced Katniss Everdeen's wedding dress, created by costume designer Trish Summerville in collaboration with Tex Saverio, in the 2013 film, an adaptation of the young adult book series of the same name by Suzanne Collins.
More from WWD
Queen Letizia's Pertegaz Power Suiting Moment Gets a Dose of Plumage
#grace #tuesday #film
1 month ago
Republicans are swamping House and Senate races with an unprecedented flood of late ad spending as the party tests whether hundreds of millions of dollars can buy it some reprieve from the eroding political environment that’s threatening longtime Republican states and districts.
Since the start of September, Republicans have made more than $700 million worth of new advertising bookings in congressional races alone, according to an NBC News ******* ysis of data from AdImpact, a political ad-tracking firm. That’s new money on top of what had already been committed to those races in ad reservations made over the summer.
By comparison, Democrats booked more than $430 million in new ad reservations across those races last month.
The disparity is greatest in the battle for the Senate majority, where almost 7 of every 10 newly booked advertising dollars are coming from Republicans. That’s led by a massive, late investment in the Senate race in Texas, where Democrat James Talarico is threatening a longtime Republican seat and the GOP has poured in almost $150 million in new ad dollars to back up its nominee, Ken Paxton.
The gap is smaller in the House, where a bit less than 6 in 10 of those new ad dollars are coming from the GOP.
#senate #dollars #House #republican
Since the start of September, Republicans have made more than $700 million worth of new advertising bookings in congressional races alone, according to an NBC News ******* ysis of data from AdImpact, a political ad-tracking firm. That’s new money on top of what had already been committed to those races in ad reservations made over the summer.
By comparison, Democrats booked more than $430 million in new ad reservations across those races last month.
The disparity is greatest in the battle for the Senate majority, where almost 7 of every 10 newly booked advertising dollars are coming from Republicans. That’s led by a massive, late investment in the Senate race in Texas, where Democrat James Talarico is threatening a longtime Republican seat and the GOP has poured in almost $150 million in new ad dollars to back up its nominee, Ken Paxton.
The gap is smaller in the House, where a bit less than 6 in 10 of those new ad dollars are coming from the GOP.
#senate #dollars #House #republican
2 months ago
DataMEDS AI (MEDS) announced on Sept. 15 that it acquired Helomics and a lab services business, sparking a huge rally in MEDS stock. Shares of MEDS stock gained 87% on Sept. 15 and 275% in the following session. Like the lab services unit, Helomics was sold by Axe Compute (AGPU) and utilizes artificial intelligence (AI) for cancer diagnostics and treatment.
Generally, I'm a big fan of using AI in medicine, and a fan of the companies that do so. In fact, I own two stocks — Schrodinger (SDGR) and Radnet (RDNT) — that specialize in this area; Schrodinger uses AI to help speed up the drug-discovery process, while many of Radnet's diagnostic medical devices utilize AI.
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#meds #shares
Generally, I'm a big fan of using AI in medicine, and a fan of the companies that do so. In fact, I own two stocks — Schrodinger (SDGR) and Radnet (RDNT) — that specialize in this area; Schrodinger uses AI to help speed up the drug-discovery process, while many of Radnet's diagnostic medical devices utilize AI.
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How to Play AMZN Stock as Amazon Unveils Project Mercury
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#meds #shares
2 months ago
VYMI outran SCHY 29% to 23% over the past year while charging a lower 0.07% fee and covering both developed and emerging markets.
IDV delivers the highest yield at 5%, but its 0.50% expense ratio is seven times VYMI's fee, eroding long-term accumulation returns.
SCHY holders switching to VYMI in taxable accounts should check cost basis first, since many carry embedded gains after 2026's international rally.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
SCHD holders reaching for international diversification usually land on one name first: Schwab International Dividend Equity ETF (NYSEARCA:SCHY), built on the same Dow Jones dividend-quality methodology that made the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) a portfolio staple. SCHY looks like SCHD's international twin because Schwab designed it that way. However, three deep-pocketed rivals from Vanguard, Fidelity, and BlackRock now compete for the same wallet share, and one has quietly outrun SCHY on nearly every metric that matters to a SCHD-style investor.
#international #schwab
IDV delivers the highest yield at 5%, but its 0.50% expense ratio is seven times VYMI's fee, eroding long-term accumulation returns.
SCHY holders switching to VYMI in taxable accounts should check cost basis first, since many carry embedded gains after 2026's international rally.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
SCHD holders reaching for international diversification usually land on one name first: Schwab International Dividend Equity ETF (NYSEARCA:SCHY), built on the same Dow Jones dividend-quality methodology that made the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) a portfolio staple. SCHY looks like SCHD's international twin because Schwab designed it that way. However, three deep-pocketed rivals from Vanguard, Fidelity, and BlackRock now compete for the same wallet share, and one has quietly outrun SCHY on nearly every metric that matters to a SCHD-style investor.
#international #schwab
2 months ago
DANA POINT, California – Natalie Driessen drove down Beach Road on a mission, past neighbors whose houses fell into the sea and others now scrambling to prevent their property from collapsing next.
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
2 months ago
U.S. median household income hit a record $87,460 in 2025, but lower-income earners saw no meaningful gains while top earners' income has surged 121% over 58 years.
Gasoline prices surged 27%, shelter rose 3%, and hospital services climbed 5% year-over-year, eroding purchasing power for households already spending most income on essentials.
Investors should favor companies with durable pricing power in essential categories and businesses built to serve cost-conscious consumers trading down on discretionary spending.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The latest Census Bureau data delivers a headline that sounds almost too good to be true: American households earned more in 2025 than ever before. But the numbers also explain why a record income figure can coexist with a persistent sense that the household budget is under pressure.
#earners #households
Gasoline prices surged 27%, shelter rose 3%, and hospital services climbed 5% year-over-year, eroding purchasing power for households already spending most income on essentials.
Investors should favor companies with durable pricing power in essential categories and businesses built to serve cost-conscious consumers trading down on discretionary spending.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The latest Census Bureau data delivers a headline that sounds almost too good to be true: American households earned more in 2025 than ever before. But the numbers also explain why a record income figure can coexist with a persistent sense that the household budget is under pressure.
#earners #households
2 months 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.
The oil crisis is leaking into other parts of the car. Costco, the land of big and cheap, flipped the script and doubled the price of its full-synthetic motor oil and started rationing purchases. As crude pushes toward $100 a barrel, a 10-quart case that cost roughly $30 now runs $57.99, with purchases capped at two units per member per week.
U.S. diesel crossed $6 a gallon for the first time this week, and global oil inventories have drawn down more than 500 million barrels since the U.S.-Iran conflict began. This is affecting the entire crude industrial complex.
Base oil, which is the feedstock for motor oil, comes from the same barrel as gasoline and diesel so when refiners can earn more finishing crude into fuel than into lubricants, lubricant stock gets squeezed first.
The pressure for Costco, however, is more intense: Its signature Kirkland oil carries GM's Dexos1 Gen 3 certification, which requires manufacturers to pay GM separately per product and per unit sold. As a result, and much against its brand ethos, changing your own oil with Kirkland product now costs roughly what an independent shop would charge, thus eroding the DIY savings case entirely.
#crude #motor #case #week
The oil crisis is leaking into other parts of the car. Costco, the land of big and cheap, flipped the script and doubled the price of its full-synthetic motor oil and started rationing purchases. As crude pushes toward $100 a barrel, a 10-quart case that cost roughly $30 now runs $57.99, with purchases capped at two units per member per week.
U.S. diesel crossed $6 a gallon for the first time this week, and global oil inventories have drawn down more than 500 million barrels since the U.S.-Iran conflict began. This is affecting the entire crude industrial complex.
Base oil, which is the feedstock for motor oil, comes from the same barrel as gasoline and diesel so when refiners can earn more finishing crude into fuel than into lubricants, lubricant stock gets squeezed first.
The pressure for Costco, however, is more intense: Its signature Kirkland oil carries GM's Dexos1 Gen 3 certification, which requires manufacturers to pay GM separately per product and per unit sold. As a result, and much against its brand ethos, changing your own oil with Kirkland product now costs roughly what an independent shop would charge, thus eroding the DIY savings case entirely.
#crude #motor #case #week
2 months 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.
The oil crisis is leaking into other parts of the car. Costco, the land of big and cheap, flipped the script and doubled the price of its full-synthetic motor oil and started rationing purchases. As crude pushes toward $100 a barrel, a 10-quart case that cost roughly $30 now runs $57.99, with purchases capped at two units per member per week.
U.S. diesel crossed $6 a gallon for the first time this week, and global oil inventories have drawn down more than 500 million barrels since the U.S.-Iran conflict began. This is affecting the entire crude industrial complex.
Base oil, which is the feedstock for motor oil, comes from the same barrel as gasoline and diesel so when refiners can earn more finishing crude into fuel than into lubricants, lubricant stock gets squeezed first.
The pressure for Costco, however, is more intense: Its signature Kirkland oil carries GM's Dexos1 Gen 3 certification, which requires manufacturers to pay GM separately per product and per unit sold. As a result, and much against its brand ethos, changing your own oil with Kirkland product now costs roughly what an independent shop would charge, thus eroding the DIY savings case entirely.
#costco #Stock #roughly
The oil crisis is leaking into other parts of the car. Costco, the land of big and cheap, flipped the script and doubled the price of its full-synthetic motor oil and started rationing purchases. As crude pushes toward $100 a barrel, a 10-quart case that cost roughly $30 now runs $57.99, with purchases capped at two units per member per week.
U.S. diesel crossed $6 a gallon for the first time this week, and global oil inventories have drawn down more than 500 million barrels since the U.S.-Iran conflict began. This is affecting the entire crude industrial complex.
Base oil, which is the feedstock for motor oil, comes from the same barrel as gasoline and diesel so when refiners can earn more finishing crude into fuel than into lubricants, lubricant stock gets squeezed first.
The pressure for Costco, however, is more intense: Its signature Kirkland oil carries GM's Dexos1 Gen 3 certification, which requires manufacturers to pay GM separately per product and per unit sold. As a result, and much against its brand ethos, changing your own oil with Kirkland product now costs roughly what an independent shop would charge, thus eroding the DIY savings case entirely.
#costco #Stock #roughly
2 months ago
U.S. median household income hit a record $87,460 in 2025, but lower-income earners saw no meaningful gains while top earners' income has surged 121% over 58 years.
Gasoline prices surged 27%, shelter rose 3%, and hospital services climbed 5% year-over-year, eroding purchasing power for households already spending most income on essentials.
Investors should favor companies with durable pricing power in essential categories and businesses built to serve cost-conscious consumers trading down on discretionary spending.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The latest Census Bureau data delivers a headline that sounds almost too good to be true: American households earned more in 2025 than ever before. But the numbers also explain why a record income figure can coexist with a persistent sense that the household budget is under pressure.
#income #earners #surged
Gasoline prices surged 27%, shelter rose 3%, and hospital services climbed 5% year-over-year, eroding purchasing power for households already spending most income on essentials.
Investors should favor companies with durable pricing power in essential categories and businesses built to serve cost-conscious consumers trading down on discretionary spending.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
The latest Census Bureau data delivers a headline that sounds almost too good to be true: American households earned more in 2025 than ever before. But the numbers also explain why a record income figure can coexist with a persistent sense that the household budget is under pressure.
#income #earners #surged
2 months ago
We've already seen what Ayo Edebiri has delivered at the Toronto International Film Festival, but she isn't the only Chanel ambassador in town. Lily-Rose Depp, Penélope Cruz and Margaret Qualley have also been representing the house across premieres, dinners and the TIFF Tribute Awards.
Courtesy of Chanel
This mini tweed Chanel dress couldn't be more Lily-Rose Depp coded. The fitted silhouette, contrast trim and prominent double-C logo all sit firmly within her usual Chanel vocabulary, but the red earrings give the black-and-white look the pop of colour it needed. It's familiar territory for Lily-Rose, and it always works so well.
Rodin Eckenroth/EveryStory2026/Getty Images
This pale-yellow Chanel Fall 2026 dress does feel like a step outside Lily-Rose's comfort zone, both in terms of style and colour. That quintessentially French-girl quality we've long ****** ociated with her Chanel wardrobe isn't as apparent in Matthieu Blazy's designs, which is allowing us to see another side of her style.
#isn 't #edebiri
Courtesy of Chanel
This mini tweed Chanel dress couldn't be more Lily-Rose Depp coded. The fitted silhouette, contrast trim and prominent double-C logo all sit firmly within her usual Chanel vocabulary, but the red earrings give the black-and-white look the pop of colour it needed. It's familiar territory for Lily-Rose, and it always works so well.
Rodin Eckenroth/EveryStory2026/Getty Images
This pale-yellow Chanel Fall 2026 dress does feel like a step outside Lily-Rose's comfort zone, both in terms of style and colour. That quintessentially French-girl quality we've long ****** ociated with her Chanel wardrobe isn't as apparent in Matthieu Blazy's designs, which is allowing us to see another side of her style.
#isn 't #edebiri
2 months ago
Workday, Inc. (NASDAQ:WDAY) reported fiscal second-quarter revenue of $2.65 billion, up nearly 13% year over year and above the $2.64 billion ***** ysts expected, Reuters reported, citing LSEG data. Subscription revenue rose 13.9% to $2.471 billion. Chief Commercial Officer Rob Enslin said, "Over half of our net new wins in the second quarter signed up for one or more AI solutions," and AI products drove more than $100 million in new annual contract value, over 25% of all new ACV closed in the quarter. Non-GAAP operating margin expanded to 31.1%, up 212 basis points year over year. CFO Zane Rowe said Workday expects fiscal 2028 subscription revenue to grow by nearly 11%, in line with the pace expected for the second half of fiscal 2027.
The beat came with quantified AI monetization behind it. AI products already account for more than 25% of new annual contract value and are approaching $600 million in annual recurring revenue. It is evidence that customers are paying for AI capabilities today rather than Workday simply promising future upside.
Profitability is expanding at the same time growth continues, not at growth's expense. Non-GAAP operating margin rose to 31.1%, up 212 basis points from a year earlier. It shows Workday's AI investment is being absorbed without eroding the bottom line, a combination that strengthens the case that AI is additive rather than just a cost center.
Workday, Inc. (NASDAQ:WDAY)'s reporting is directly countering the disruption narrative that has weighed on enterprise software stocks. Reuters described the results as "easing investor fears of artificial intelligence disruption," and Enslin's comment that AI is now "a key reason companies are modernizing their core on Workday" shows AI is pulling customers toward Workday's platform rather than away from it.
Forward revenue visibility is improving, not just this quarter's headline number. The 12-month subscription revenue backlog grew 14.2% to $9.03 billion. It gives Workday a larger, growing pipeline of already-contracted future revenue to draw on.
#revenue #year #fiscal #rather
The beat came with quantified AI monetization behind it. AI products already account for more than 25% of new annual contract value and are approaching $600 million in annual recurring revenue. It is evidence that customers are paying for AI capabilities today rather than Workday simply promising future upside.
Profitability is expanding at the same time growth continues, not at growth's expense. Non-GAAP operating margin rose to 31.1%, up 212 basis points from a year earlier. It shows Workday's AI investment is being absorbed without eroding the bottom line, a combination that strengthens the case that AI is additive rather than just a cost center.
Workday, Inc. (NASDAQ:WDAY)'s reporting is directly countering the disruption narrative that has weighed on enterprise software stocks. Reuters described the results as "easing investor fears of artificial intelligence disruption," and Enslin's comment that AI is now "a key reason companies are modernizing their core on Workday" shows AI is pulling customers toward Workday's platform rather than away from it.
Forward revenue visibility is improving, not just this quarter's headline number. The 12-month subscription revenue backlog grew 14.2% to $9.03 billion. It gives Workday a larger, growing pipeline of already-contracted future revenue to draw on.
#revenue #year #fiscal #rather
2 months ago
CNBC reported that Chris Churchman, The Goldman Sachs Group, Inc. (NYSE:GS) partner who leads the bank's Marquee digital platform for institutional clients, warned that AI's spread across Wall Street risks eroding the reasoning skills of the next generation of bankers.
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.
#churchman #marquee #cnbc #sachs
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.
#churchman #marquee #cnbc #sachs
2 months ago
Duolingo shares rose about 7% on September 1 after Evercore ISI upgraded the stock from In Line to Outperform and doubled its price target from $105 to $210. From the prior closing level, the new objective implied roughly 42% upside. The **** yst's central argument was that competitive fears around general-purpose products such as ChatGPT had become exaggerated. Duolingo, Inc. (NASDAQ:DUOL) still owns a habit-forming consumer product, a global brand, and a large base of learners who want structure rather than an open-ended chatbot.
Andrey_Popov/Shutterstock.com
That distinction matters. A language model can explain grammar, simulate conversation, and create personalized exercises, but it does not automatically reproduce Duolingo's streaks, curriculum, social reinforcement, or mobile distribution. Duolingo can also use the same models to create content faster and improve speaking practice. Evercore raised its 2027 and 2028 earnings estimates, suggesting that AI may support engagement and operating leverage instead of simply eroding the moat.
The bear case is not imaginary. Chatbots are improving quickly, and voice interaction makes free-form tutoring more natural. Consumers can divide their time among many inexpensive applications, while Duolingo must keep spending on product development and marketing to remain distinctive. A doubled price target following a major decline may signal that expectations became too low, but it does not prove that competitive pressure has peaked. Valuation can still compress if user growth or bookings slow.
Hedge funds leaned modestly more bullish in Q2. Insider Monkey counted 39 funds holding Duolingo, Inc. (NASDAQ:DUOL), up from 37 in Q1. AQR Capital Management increased its stake more than twentyfold to 2,332,543 shares, one of the quarter's clearest institutional changes. The filing cannot show whether that was a long-term conviction bet, a quantitative signal, or a hedge.
#NASDAQ #duol #hedge #price
Andrey_Popov/Shutterstock.com
That distinction matters. A language model can explain grammar, simulate conversation, and create personalized exercises, but it does not automatically reproduce Duolingo's streaks, curriculum, social reinforcement, or mobile distribution. Duolingo can also use the same models to create content faster and improve speaking practice. Evercore raised its 2027 and 2028 earnings estimates, suggesting that AI may support engagement and operating leverage instead of simply eroding the moat.
The bear case is not imaginary. Chatbots are improving quickly, and voice interaction makes free-form tutoring more natural. Consumers can divide their time among many inexpensive applications, while Duolingo must keep spending on product development and marketing to remain distinctive. A doubled price target following a major decline may signal that expectations became too low, but it does not prove that competitive pressure has peaked. Valuation can still compress if user growth or bookings slow.
Hedge funds leaned modestly more bullish in Q2. Insider Monkey counted 39 funds holding Duolingo, Inc. (NASDAQ:DUOL), up from 37 in Q1. AQR Capital Management increased its stake more than twentyfold to 2,332,543 shares, one of the quarter's clearest institutional changes. The filing cannot show whether that was a long-term conviction bet, a quantitative signal, or a hedge.
#NASDAQ #duol #hedge #price
2 months ago
Serena Williams did not enter the singles draw for the 2026 US Open. That doesn't mean she didn't have a presence in the background.
Years ago, Thea Frodin performed as a body double for actor Demi Singleton's performance as Williams in the Academy Award-winning movie "King Richard." Now 17 years old, she made her Grand Slam singles debut on Tuesday, as the first-round opponent for No. 2 seed Elena Rybakina.
Rybakina won 6-3, 6-2, but it was still a special moment in Frodin's young career.
Per the ******* ociated Press, Frodin was invited to audition for the Williams role after she won the singles, doubles and mixed doubles sectional ******* les at the 10-and-under level in California.
Frodin, a lifelong Williams fan, wound up getting the on-court responsibilities and doing the job for six months:
#williams #demi
Years ago, Thea Frodin performed as a body double for actor Demi Singleton's performance as Williams in the Academy Award-winning movie "King Richard." Now 17 years old, she made her Grand Slam singles debut on Tuesday, as the first-round opponent for No. 2 seed Elena Rybakina.
Rybakina won 6-3, 6-2, but it was still a special moment in Frodin's young career.
Per the ******* ociated Press, Frodin was invited to audition for the Williams role after she won the singles, doubles and mixed doubles sectional ******* les at the 10-and-under level in California.
Frodin, a lifelong Williams fan, wound up getting the on-court responsibilities and doing the job for six months:
#williams #demi
2 months ago
Elena Rybakina said it was so far, so good with her left heel injury after she eased into the second round of the US Open with a straight sets victory over US teen Thea Frodin.
The second-ranked Kazakh has her sights not only on a third Grand Slam but also the world number one ranking -- which she could claim just by reaching the semi-finals at Flushing Meadows.
Her 6-3, 6-2 victory over the powerful but erratic Frodin was a polished performance, and an encouraging one after the injury that flared up to force her out of her Cincinnati Open quarter-final.
"I'm happy with the match. Especially when you don't know your opponent, it always can be dangerous, but overall I'm happy with the first match and how it went," she said.
"It's a great result after 10 days from that kind of injury."
#second #victory
The second-ranked Kazakh has her sights not only on a third Grand Slam but also the world number one ranking -- which she could claim just by reaching the semi-finals at Flushing Meadows.
Her 6-3, 6-2 victory over the powerful but erratic Frodin was a polished performance, and an encouraging one after the injury that flared up to force her out of her Cincinnati Open quarter-final.
"I'm happy with the match. Especially when you don't know your opponent, it always can be dangerous, but overall I'm happy with the first match and how it went," she said.
"It's a great result after 10 days from that kind of injury."
#second #victory
2 months ago
Disjointed software is eroding billable hours, as accountancy practices lose time managing platform friction instead of focusing on client deliverables, according to Haiilo's State of the Employee Experience 2026 report.
The research shows that 38% of professional services employees spend at least 11% of their working week – representing upwards of four hours for standard full-time staff – handling complications caused by fragmented systems.
Around 23% dedicate more than a fifth of their working hours to troubleshooting difficulties created by disconnected applications and processes.
Application switching represents a primary driver of these workflow disruptions.
More than half (51%) of respondents frequently toggle across several separate tools to complete an individual task, whilst 49% rely on between four and seven workplace platforms during a standard week.
#working #employee
The research shows that 38% of professional services employees spend at least 11% of their working week – representing upwards of four hours for standard full-time staff – handling complications caused by fragmented systems.
Around 23% dedicate more than a fifth of their working hours to troubleshooting difficulties created by disconnected applications and processes.
Application switching represents a primary driver of these workflow disruptions.
More than half (51%) of respondents frequently toggle across several separate tools to complete an individual task, whilst 49% rely on between four and seven workplace platforms during a standard week.
#working #employee
2 months ago
Rodin Eckenroth / Getty Images
©20th Century Fox Film Corp. / Courtesy Everett Collection, ABC, 20th Century Fox, ©Paramount / Courtesy Everett Collection
Related: "Bhad Bhabie Reacts After Halloween Costume Sparks Blackfishing Allegations"
Quenlin Blackwell / X / Via x.com
ABC / iscutis / Via x.com
#collection #rodin #images
©20th Century Fox Film Corp. / Courtesy Everett Collection, ABC, 20th Century Fox, ©Paramount / Courtesy Everett Collection
Related: "Bhad Bhabie Reacts After Halloween Costume Sparks Blackfishing Allegations"
Quenlin Blackwell / X / Via x.com
ABC / iscutis / Via x.com
#collection #rodin #images
2 months ago
Generating $98,400 annually in dividends requires anywhere from $820K at a 12% yield to $2.81M at a conservative 3.5% yield.
Choosing high-yield REITs and BDCs over qualified dividend stocks can cost a married couple somewhere between $15,000 and $20,000 more in annual taxes at the same income level.
A 3.5% yield growing 8% annually doubles income in roughly 9 years, while high-yield portfolios with eroding NAVs can leave investors poorer in real terms.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Let's run the math on what it actually takes to replace $8,200 a month in dividend income. That works out to $98,400 a year before taxes. To put that in perspective, it is roughly what a mid-career software engineer or a hospital pharmacist takes home, or what a two-earner household clearing six figures actually spends after payroll deductions and savings are taken out. The amount of capital you need to generate that income hinges entirely on the yield you are willing to accept, and what you keep after taxes depends on where those dividends come from and which state you call home.
#income #advisor
Choosing high-yield REITs and BDCs over qualified dividend stocks can cost a married couple somewhere between $15,000 and $20,000 more in annual taxes at the same income level.
A 3.5% yield growing 8% annually doubles income in roughly 9 years, while high-yield portfolios with eroding NAVs can leave investors poorer in real terms.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Let's run the math on what it actually takes to replace $8,200 a month in dividend income. That works out to $98,400 a year before taxes. To put that in perspective, it is roughly what a mid-career software engineer or a hospital pharmacist takes home, or what a two-earner household clearing six figures actually spends after payroll deductions and savings are taken out. The amount of capital you need to generate that income hinges entirely on the yield you are willing to accept, and what you keep after taxes depends on where those dividends come from and which state you call home.
#income #advisor
3 months ago
Nike stock closed at $40.18 on Monday, a price last seen in 2014 and a level that represents a roughly 78% decline from the record close of $177.51 the shares reached in November 2021, according to The Wall Street Journal.
Nike shares fell 4.1% on the day, reaching an intraday bottom of $38.86 and marking a fresh 52-week low. The shares have shed more than 48% of their value over the past twelve months.
Several forces converged to push Nike stock lower. JPMorgan cut its rating on Nike to Underweight from Neutral, with **** ysts warning that the company's "Win Now" strategic initiatives risk eroding margins and dragging on earnings ahead. On Holding AG also reported second-quarter sales of $1.076 billion, missing the **** yst consensus of $1.110 billion, and issued full-year 2026 revenue guidance of $4.39 billion to $4.50 billion that fell short of market expectations — a result that rattled the broader athletic footwear sector, according to Investing.com.
Nike also disclosed that Chief Accounting Officer Johanna Nielsen will leave the company on September 4, with CFO David Denton taking on the Corporate Controller role on an interim basis — a leadership change that injected fresh uncertainty into an already difficult period for the brand, according to Investing.com.
Broader equity markets were also under mild pressure, with the S&P 500 losing 0.4% and the Dow Jones Industrial Average giving up 0.5% by the close. Nike finished at the bottom of the Dow's leaderboard, dragging the index down by 9.75 points on its own, according to the Wall Street Journal.
#billion
Nike shares fell 4.1% on the day, reaching an intraday bottom of $38.86 and marking a fresh 52-week low. The shares have shed more than 48% of their value over the past twelve months.
Several forces converged to push Nike stock lower. JPMorgan cut its rating on Nike to Underweight from Neutral, with **** ysts warning that the company's "Win Now" strategic initiatives risk eroding margins and dragging on earnings ahead. On Holding AG also reported second-quarter sales of $1.076 billion, missing the **** yst consensus of $1.110 billion, and issued full-year 2026 revenue guidance of $4.39 billion to $4.50 billion that fell short of market expectations — a result that rattled the broader athletic footwear sector, according to Investing.com.
Nike also disclosed that Chief Accounting Officer Johanna Nielsen will leave the company on September 4, with CFO David Denton taking on the Corporate Controller role on an interim basis — a leadership change that injected fresh uncertainty into an already difficult period for the brand, according to Investing.com.
Broader equity markets were also under mild pressure, with the S&P 500 losing 0.4% and the Dow Jones Industrial Average giving up 0.5% by the close. Nike finished at the bottom of the Dow's leaderboard, dragging the index down by 9.75 points on its own, according to the Wall Street Journal.
#billion
3 months ago
The national parcel carriers that once set retail delivery economics have spent a decade shedding their least profitable packages. What filled the gap is a deeper bench: regional carriers, 3PL cross-dock networks, gig courier platforms and private fleets. As it turns out, almost none of them talk to each other.
Burq, a last-mile delivery technology company, wagers that last-mile orchestration — the decision layer sitting above that bench — is the product enterprise retailers will actually pay for.
The shift is already underway. FreightWaves reported in July that carrier diversification is eroding the last-mile delivery duopoly: 55% of retailers now use carriers outside FedEx, UPS and the U.S. Postal Service, and more than a third are actively moving volume away from the two national giants. The payoff is measurable. In one example, home goods brand Caraway cut total parcel costs 20% after its 3PL began shopping every order across a network of regional and national carriers. Capturing that value requires knowing which provider performs in which ZIP code on which day. Most retailers do not know, because the systems that pick a carrier stop watching the moment the order leaves.
Jake Stein joined Burq four months ago to run growth for its retail sector, after four and a half years at Uber launching ship-from-store, same-day and on-demand programs on Uber Direct. The limitations of using a single network are what pushed him out.
"It still came down to that Uber couldn't be the single source for everything," Stein told FreightWaves. "Mostly gig, reasonably shorter distances, some batching but not large scale, no big and bulky. And they can't be 100% of every possible location."
#retailers
Burq, a last-mile delivery technology company, wagers that last-mile orchestration — the decision layer sitting above that bench — is the product enterprise retailers will actually pay for.
The shift is already underway. FreightWaves reported in July that carrier diversification is eroding the last-mile delivery duopoly: 55% of retailers now use carriers outside FedEx, UPS and the U.S. Postal Service, and more than a third are actively moving volume away from the two national giants. The payoff is measurable. In one example, home goods brand Caraway cut total parcel costs 20% after its 3PL began shopping every order across a network of regional and national carriers. Capturing that value requires knowing which provider performs in which ZIP code on which day. Most retailers do not know, because the systems that pick a carrier stop watching the moment the order leaves.
Jake Stein joined Burq four months ago to run growth for its retail sector, after four and a half years at Uber launching ship-from-store, same-day and on-demand programs on Uber Direct. The limitations of using a single network are what pushed him out.
"It still came down to that Uber couldn't be the single source for everything," Stein told FreightWaves. "Mostly gig, reasonably shorter distances, some batching but not large scale, no big and bulky. And they can't be 100% of every possible location."
#retailers
3 months ago
On August 7, Wendy's (NASDAQ:WEN) held its second-quarter earnings call under new President and CEO Robert Wright, a Wendy's veteran of 28 years who most recently ran Potbelly, joined by new CFO Steven Cirulis. Global systemwide sales fell 6.5%, and the company pulled its full-year outlook entirely. Wright did not soften the message: traffic is down, value has slipped, and franchisee economics are strained.
Not everything in the quarter was bleak. US company-operated restaurants outperformed the broader system by 280 basis points, and customer satisfaction scores in the US improved even as traffic fell. Wendy's also kept building, opening 21 new US restaurants and 27 internationally, with systemwide sales abroad still growing 3.4%. Strip out a soft Canadian market, and international same-restaurant sales were actually positive, with sales up 8.6%.
Wright laid out five strategic priorities going forward: rebuilding the menu around quality and value, sharpening marketing around a consistent brand narrative, tightening restaurant operations, improving the digital and loyalty experience, and getting back to unit growth. He promised a full strategic plan by the next quarterly update and framed the dividend cut as a deliberate move to free up capital for that turnaround rather than a sign of distress.
The core problem is that customers are visiting less often. US same-restaurant sales dropped 7.0%, driven by a 12.5% decline in traffic that a 5.6% jump in average check could not offset. Wright pointed to eroding food quality, an increasingly complex and less compelling Biggie value platform, and inconsistent drive-thru execution as root causes. Commodity costs rose about 9% in the quarter, including continued beef inflation, while labor costs climbed roughly 4%, squeezing US company-operated restaurant margin down to 13.8%. Adjusted EBITDA fell to $124.1 million, down $22.5 million from a year earlier, and adjusted EPS came in at just $0.18. The company also closed 289 US restaurants in the first half of the year.
Management does not expect systemwide sales to return to growth in either the third or fourth quarter, and it cut the quarterly dividend to $0.07 per share while pausing share buybacks for 2026 to preserve cash. Net leverage stood at 5.0 times, and roughly $430 million of debt maturing in 2028 will need refinancing in the coming months.
#quarter #systemwide #TRAFFIC #down
Not everything in the quarter was bleak. US company-operated restaurants outperformed the broader system by 280 basis points, and customer satisfaction scores in the US improved even as traffic fell. Wendy's also kept building, opening 21 new US restaurants and 27 internationally, with systemwide sales abroad still growing 3.4%. Strip out a soft Canadian market, and international same-restaurant sales were actually positive, with sales up 8.6%.
Wright laid out five strategic priorities going forward: rebuilding the menu around quality and value, sharpening marketing around a consistent brand narrative, tightening restaurant operations, improving the digital and loyalty experience, and getting back to unit growth. He promised a full strategic plan by the next quarterly update and framed the dividend cut as a deliberate move to free up capital for that turnaround rather than a sign of distress.
The core problem is that customers are visiting less often. US same-restaurant sales dropped 7.0%, driven by a 12.5% decline in traffic that a 5.6% jump in average check could not offset. Wright pointed to eroding food quality, an increasingly complex and less compelling Biggie value platform, and inconsistent drive-thru execution as root causes. Commodity costs rose about 9% in the quarter, including continued beef inflation, while labor costs climbed roughly 4%, squeezing US company-operated restaurant margin down to 13.8%. Adjusted EBITDA fell to $124.1 million, down $22.5 million from a year earlier, and adjusted EPS came in at just $0.18. The company also closed 289 US restaurants in the first half of the year.
Management does not expect systemwide sales to return to growth in either the third or fourth quarter, and it cut the quarterly dividend to $0.07 per share while pausing share buybacks for 2026 to preserve cash. Net leverage stood at 5.0 times, and roughly $430 million of debt maturing in 2028 will need refinancing in the coming months.
#quarter #systemwide #TRAFFIC #down
3 months ago
Rocket Lab (RKLB) shares are in focus on Aug. 13 after the company disclosed a replacement dollar-for-dollar $1.94 billion at-the-market (ATM) equity distribution program. The agreement is designed to fund its pending acquisition of Iridium Communications and reduce debt. In its filing, RKLB also confirmed that the Hart-Scott-Rodino waiting period for the deal has expired.
Rocket Lab stock remains down about 45% versus its year-to-date high.
Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire'
JPMorgan Just Upgraded Salesforce Stock. Here's Why.
SpaceX Could Be Making $235 Billion From a Business It's Not Known For. SPCX Stock Investors Should Pay Attention.
#rocket #rklb #dollar #scott
Rocket Lab stock remains down about 45% versus its year-to-date high.
Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire'
JPMorgan Just Upgraded Salesforce Stock. Here's Why.
SpaceX Could Be Making $235 Billion From a Business It's Not Known For. SPCX Stock Investors Should Pay Attention.
#rocket #rklb #dollar #scott
3 months ago
American Airlines Group (AAL) shares tumbled after the carrier warned that surging jet fuel prices are eroding profitability, overshadowing an otherwise stronger-than-expected second-quarter earnings report. While the airline delivered record quarterly revenue and topped Wall Street's earnings estimates, investors focused on sharply higher fuel expenses and a weaker full-year outlook, raising fresh concerns about margin pressure and the stock's near-term trajectory.
Fuel costs have emerged as the key challenge. American said second-quarter fuel expense jumped by more than $2.2 billion, or 83% year-over-year (YOY), although higher ticket prices offset nearly half of that increase. Management expects fuel costs to remain elevated in the third quarter and now forecasts full-year adjusted earnings ranging from a loss of $0.65 per share to a profit of $0.65, a significant reduction from its previous outlook.
Dear ******* eX Stock Fans, Mark Your Calendars for August 6
Amazon Stock Just Hit a Major Hurdle Ahead of Earnings
Elon Musk Just Revealed a Quiet Win for Tesla's AI Ambitions
#fuel #Stock #prices #full
Fuel costs have emerged as the key challenge. American said second-quarter fuel expense jumped by more than $2.2 billion, or 83% year-over-year (YOY), although higher ticket prices offset nearly half of that increase. Management expects fuel costs to remain elevated in the third quarter and now forecasts full-year adjusted earnings ranging from a loss of $0.65 per share to a profit of $0.65, a significant reduction from its previous outlook.
Dear ******* eX Stock Fans, Mark Your Calendars for August 6
Amazon Stock Just Hit a Major Hurdle Ahead of Earnings
Elon Musk Just Revealed a Quiet Win for Tesla's AI Ambitions
#fuel #Stock #prices #full
4 months ago
Jul. 7—ALEXANDRIA — Even when it looks bleak, the Bemidji American Legion baseball team keeps finding ways to extend its winning streak.
After winning the first game of a road doubleheader in Alexandria 9-2, the Centaurs scored nine runs in the seventh inning to complete the sweep with an 11-7 win. Bemidji has now won seven straight games.
Down to its last three outs and trailing 7-2, Post 14 got to work. Eli Hoffman's two-run double made it 7-4. Hoffman scored on Jack Zellmann's RBI double before Gunner Ganske tied the game with a two-run, two-bagger.
Ganske scored on Lawson Berg's RBI single before Heaton Brodina made it 9-7 with a sacrifice fly. James Garrison's RBI triple and Leo McKeon's run-scoring single put the finishing touches on a nine-run inning.
Berg went 3-for-4 with two RBIs. McKeon and Ganske each had multi-hit games. Berg picked up the win on the mound as well, throwing two innings and allowing just two hits with three strikeouts.
After winning the first game of a road doubleheader in Alexandria 9-2, the Centaurs scored nine runs in the seventh inning to complete the sweep with an 11-7 win. Bemidji has now won seven straight games.
Down to its last three outs and trailing 7-2, Post 14 got to work. Eli Hoffman's two-run double made it 7-4. Hoffman scored on Jack Zellmann's RBI double before Gunner Ganske tied the game with a two-run, two-bagger.
Ganske scored on Lawson Berg's RBI single before Heaton Brodina made it 9-7 with a sacrifice fly. James Garrison's RBI triple and Leo McKeon's run-scoring single put the finishing touches on a nine-run inning.
Berg went 3-for-4 with two RBIs. McKeon and Ganske each had multi-hit games. Berg picked up the win on the mound as well, throwing two innings and allowing just two hits with three strikeouts.
4 months ago
The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it's mostly downhill from here, according to Bank of America.
In a note on Tuesday, ***** ysts reaffirmed their year-end price target of 7,100 for the broad market index, representing a 5% drop from the week's closing level.
"Our bear market signposts suggest speculation is hitting extreme levels as high multiple stocks have gapped up demonstrably, an event that has historically preceded a valuation 'snapback,'" BofA said.
The bank added that S&P 500 companies are generating less free cash flow relative to net income compared to historical trends. That's as so-called hyperscalers have seen their free cash flow plunge due to massive spending on the AI boom, eroding their earnings.
At the same time, the Federal Reserve is fighting sticky inflation after more than five years of letting it run above its 2% target. BofA recently predicted the Fed has now run out of patience and will hike rates three times this year to finally rein in inflation.
In a note on Tuesday, ***** ysts reaffirmed their year-end price target of 7,100 for the broad market index, representing a 5% drop from the week's closing level.
"Our bear market signposts suggest speculation is hitting extreme levels as high multiple stocks have gapped up demonstrably, an event that has historically preceded a valuation 'snapback,'" BofA said.
The bank added that S&P 500 companies are generating less free cash flow relative to net income compared to historical trends. That's as so-called hyperscalers have seen their free cash flow plunge due to massive spending on the AI boom, eroding their earnings.
At the same time, the Federal Reserve is fighting sticky inflation after more than five years of letting it run above its 2% target. BofA recently predicted the Fed has now run out of patience and will hike rates three times this year to finally rein in inflation.
4 months ago
Ipsen agreed to acquire Kartos Therapeutics, a Redwood City, California-based clinical-stage biopharmaceutical company developing a treatment for myelofibrosis, a rare blood cancer, for $450 million upfront and up to $1.3 billion in additional milestone payments, bringing the total potential deal value to $1.75 billion.
According to Reuters, the acquisition centers on navtemadlin, an oral MDM2 inhibitor being evaluated as an add-on therapy to ruxolitinib, the current standard of care for myelofibrosis, in patients who have a suboptimal response to that treatment. The drug is currently in a Phase III trial called POIESIS, which is enrolling more than 600 patients across more than 250 sites globally. Top-line data from that trial are expected in 2027, the company said.
Ipsen CEO David Loew said in a statement that the deal "further strengthens our late-stage oncology pipeline" and that navtemadlin has the potential to become a new treatment option as early as 2028.
Myelofibrosis is a rare blood cancer in which the bone marrow becomes scarred, forcing blood production to shift to the spleen and causing significant symptoms including fatigue, night sweats, and progressive splenomegaly. Approximately 50% to 75% of patients on ruxolitinib discontinue treatment within three years, and median overall survival after discontinuation is roughly one to two years, the company said.
The milestone payments to Kartos shareholders include a significant regulatory approval payment and sales-based milestones, Ipsen said. The deal is expected to close by the end of the third quarter, subject to antitrust clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
According to Reuters, the acquisition centers on navtemadlin, an oral MDM2 inhibitor being evaluated as an add-on therapy to ruxolitinib, the current standard of care for myelofibrosis, in patients who have a suboptimal response to that treatment. The drug is currently in a Phase III trial called POIESIS, which is enrolling more than 600 patients across more than 250 sites globally. Top-line data from that trial are expected in 2027, the company said.
Ipsen CEO David Loew said in a statement that the deal "further strengthens our late-stage oncology pipeline" and that navtemadlin has the potential to become a new treatment option as early as 2028.
Myelofibrosis is a rare blood cancer in which the bone marrow becomes scarred, forcing blood production to shift to the spleen and causing significant symptoms including fatigue, night sweats, and progressive splenomegaly. Approximately 50% to 75% of patients on ruxolitinib discontinue treatment within three years, and median overall survival after discontinuation is roughly one to two years, the company said.
The milestone payments to Kartos shareholders include a significant regulatory approval payment and sales-based milestones, Ipsen said. The deal is expected to close by the end of the third quarter, subject to antitrust clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
4 months ago
Jun. 25—Wednesday's results
GRA 010 100 000 — 2 14 1
BEM 101 000 001 — 3 8 2
WP — Brodina; LP — Korynta
Highlights — GF: Tostenson 2x5, 2B, Richau 2x5, 2B, Larson 2x5, 2B, Seaver 2x4, Widstrup 1x2, 2B; B: Ganske 2x4, 2 RBI, Berg 1x4, 2B
GRA 010 100 000 — 2 14 1
BEM 101 000 001 — 3 8 2
WP — Brodina; LP — Korynta
Highlights — GF: Tostenson 2x5, 2B, Richau 2x5, 2B, Larson 2x5, 2B, Seaver 2x4, Widstrup 1x2, 2B; B: Ganske 2x4, 2 RBI, Berg 1x4, 2B
5 months ago
Schrodinger Inc (NASDAQ:SDGR) is one of the best long-term stocks to invest in according to Bill & Melinda Gates Foundation Trust. The stock is backed by 31 hedge funds. Schrodinger shares are up around 13% over the past month, and **** ysts see more upside in the stock.
On June 9, Schrodinger Inc (NASDAQ:SDGR) announced it had finalized a transition, separation, and release of claims agreement with Mannix Aklian, its former Chief Commercial Officer and Global Head of Software Sales and Marketing.
Schrodinger Inc is transitioning its platform to a hosted software licensing model, and the management has said good progress is being made on this front. In its Q1 2026 results, released on May 5, Schrodinger reported a 12% YoY increase in annual contract value (ACV) to $28.4 million. The company said the growth in contract value in that quarter was driven by new deployments and usage scale-ups.
Software revenue was down 21% as the transition to hosted software licensing accelerated. Drug discovery revenue more than doubled to $22.9 million due to continued progress in Schrodinger's collaboration portfolio.
Looking ahead, the company anticipates Q2 2026 ACV in the range of $19 million to $23 million. For the full-year 2026, it expects ACV in the band of $218 million to $228 million, reflecting a growth of 10% to 15%. Schrodinger anticipates drug discovery revenue between $55 million and $65 million in 2026. The company said that Lilly's planned acquisition of Ajax Therapeutics validates the strength of its platform.
On June 9, Schrodinger Inc (NASDAQ:SDGR) announced it had finalized a transition, separation, and release of claims agreement with Mannix Aklian, its former Chief Commercial Officer and Global Head of Software Sales and Marketing.
Schrodinger Inc is transitioning its platform to a hosted software licensing model, and the management has said good progress is being made on this front. In its Q1 2026 results, released on May 5, Schrodinger reported a 12% YoY increase in annual contract value (ACV) to $28.4 million. The company said the growth in contract value in that quarter was driven by new deployments and usage scale-ups.
Software revenue was down 21% as the transition to hosted software licensing accelerated. Drug discovery revenue more than doubled to $22.9 million due to continued progress in Schrodinger's collaboration portfolio.
Looking ahead, the company anticipates Q2 2026 ACV in the range of $19 million to $23 million. For the full-year 2026, it expects ACV in the band of $218 million to $228 million, reflecting a growth of 10% to 15%. Schrodinger anticipates drug discovery revenue between $55 million and $65 million in 2026. The company said that Lilly's planned acquisition of Ajax Therapeutics validates the strength of its platform.
