SPY trades up 14% year-to-date near $778, yet Burry calls the market in denial, which he views as the first stage before a 2000 or 2008-style collapse.
Burry's last known positions were puts on NVDA and PLTR, disclosed in November 2025, before he shut down Scion and stopped filing with the SEC.
Burry's denial stage has already started, and given his nine-month ceiling, the next phase could arrive within 270 days, possibly much sooner.
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Michael Burry posted a two-sentence market call on X early Tuesday, and unlike most market warnings that lack a timeline, this one gives a duration.

#stage #november

Every year, RealClear Media Fund presents the Samizdat Prize - the "Sami" for short - an award for individuals who have courageously resisted censorship and stood for the principles of the First Amendment.
Why do we do this? Because we get the future that we praise today.
We are pleased to announce one of 2027's honorees: Gad Saad, professor, evolutionary behavioral scientist, and author of the new best-selling book "Suicidal Empathy: Dying to Be Kind."
Gad, originally from Lebanon, is a long-time Canadian professor, having taught at Concordia University for over 30 years, author of myriad books and scientific papers on evolutionary psychology and human behavior, and host of "The Saad Truth" podcast, which focuses on such themes as intellectual diversity, modern day thought policing, and the current state of political correctness.
In his 2020 best-selling book "The Parasitic Mind: How Infectious Ideas Are Killing Common Sense," Professor Saad unabashedly defends the Western tradition of open debate and Socratic dialogue. He does this in an age of university-sponsored safe ***** es, trigger warnings, and censorship.

#university #evolutionary #author #book

Ari Kytsya has never pretended that making adult content is all big checks, flexible hours, and glamorous trips. Long before the allegations surrounding the so-called "Cornell 7" case reignited a national conversation about consent, exploitation, and women's safety, the TikTok personality warned that adult creators can face harassment, privacy violations, predatory contracts, and frightening encounters with people who refuse to let their online relationships remain online.
Kytsya has not publicly connected her experiences to the Cornell case. However, her warnings offer another look into the risks women say they face when money, **** , and entitlement collide.
ZUMAPRESS.com / MEGA
Kytsya, who has built an audience of millions across TikTok and other social media platforms, has been unusually open about the realities of working in the adult-content industry. In a video highlighted by Yahoo Entertainment, the OF creator pushed back against the idea that selling explicit content offers an easy path to wealth. "This job is not easy money," she declared, arguing that she works just as hard, or harder, than she did in her previous jobs.
Kytsya also claimed that some creators lie about how much they earn. According to her, those making significant amounts of money generally entered the industry with an established audience rather than building a profitable account from nothing. Even successful creators cannot depend on a consistent paycheck, she explained. One month's income can be extremely high, then fall dramatically the next.

#money #TikTok #case #face

The failed execution of Christa Pike in Tennessee on Wednesday has added new fuel to the longstanding debate over the death penalty in the United States. It has also drawn new scrutiny to the question of whether lethal injection, the nation's primary method of execution for the past 40 years, is truly a "more humane" alternative to other ways of putting someone to death.
Pike was given a death sentence in 1996 after being convicted of killing her classmate, Colleen Slemmer, in an attack she carried out with her then boyfriend. After 30 years on death row, and a last-minute legal battle that temporarily delayed her execution, Pike was scheduled to be put to death on Wednesday night.
However, the two doses of pentobarbital she was given proved not to be fatal. According to witnesses, Pike remained alive and snored loudly for 40 minutes after the drugs were administered. Eventually, the execution was called off and she was taken to the hospital for treatment.
Pike's attorney Randy Spivey reported Thursday afternoon that she was in critical condition and receiving "life-saving care." She was unconscious and placed on a ventilator in the hospital, according to a filing by her legal team on Friday.
Spivey admonished the state for going forward with lethal injection despite his warnings ahead of time that a blood-clotting disorder called thrombocytosis "would cause her to suffer an agonizing death." Pike's attorneys had asked the courts to permit her to die by hanging, but the request was denied.

#pike #years #given

The heatwave is expected to last for nearly a week.
A dangerous, long-duration heatwave is sweeping through much of Southern California beginning Friday, creating increased fire risk in the region.
Extreme to moderate heat warnings are in place for more than 34 million Californians, with temperatures forecast to reach between 92 and over 105 degrees, including along the coastal plains.
The National Weather Service in Los Angeles warned the conditions have created a high risk of "large and fast-moving fires" in the region's valleys and mountains.
The heatwave is expected to begin on Friday and last through at least Oct. 8.

#heatwave #southern #extreme #californians

Former President Obama on Friday slammed President Trump over his handling of how to approach artificial intelligence amid “doomsday” warnings coming from some in the tech industry about the technology’s potential existential threat to humanity.
Obama said during an interview at Colgate University in New York that the federal government must regulate AI, before referring to comments made by one Trump adviser.
“I heard one of Donald Trump’s main advisers on this make the argument that, ‘The market will take care of AI,'” the former president said. “‘These companies will solve the safety issues because they have every incentive to do so — if it turns out to be dangerous, people will just sue them, and they’re worried about financial liability.'”
“That’s not how we treat airlines,” Obama added. “Or drug companies, or food companies.”
Obama continued to say that AI could become a threat at a human level if it falls into the clutches of “bad humans” and if self-improving AI models realize they no longer need humans. He referred to Trump again in that his successor has said regulations on AI are “for losers.”

#obama #president #university

XLE's put/call ratio hit 2.57, with the most crowded trade being a one-month put that only pays off if energy stocks drop 12%.
USO has surged 126% YTD, but $6 diesel and freight earnings warnings of 5 to 10% signal that high crude is becoming an economic drag.
If energy breaks, defensive rotation candidates XLP (up 10% YTD) and XLV (up 25% over one year) stand to benefit.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Energy is the year's best-performing sector, and on Wednesday the options market bet heavily that it is about to break. Volume in Energy Select Sector SPDR (NYSEARCA:XLE) options ran roughly 70% above normal, with more than twice as many puts as calls changing hands and nine of the ten busiest contracts on the day being puts. The single most crowded trade was a 57-strike put expiring one month out, a structure that only pays off if XLE falls roughly 12% from here. Our own full-chain read on XLE puts a live put/call ratio at 2.57, with ratios above 16 at the Sept. 23 expiration and above 13 at Sept. 25.

#above #call #ratio #trade

Even before we go deeper, I want to be upfront about this. I think Dario Amodei's concerns about the pace of artificial intelligence (AI) development deserve to be taken seriously.
As the CEO of Anthropic, one of the companies building this technology, he has a front-row view of where AI is heading. That alone gives his warnings a perspective most of us don't have.
Dario Amodei published an essay **** led "We Must Pace the Frontier" on Sep. 12, 2026, calling for an intentional slowdown in advanced AI development.
He received remarkable support. OpenAI CEO Sam Altman endorsed it. Elon Musk said Amodei was "right." Even competitors in a fiercely competitive industry agreed that independent evaluators made sense.

This has been a primary topic of discussion for some time. I also think that if AI development continues at its current pace without safeguards, there is a real risk that we could eventually confront the darker side of what the technology is capable of doing.
Yes, of course, the potential benefits are enormous, but so are the consequences if its risks outpace our ability to manage them.

#pace #dario #anthropic #must

CrowdStrike (CRWD) shares closed higher on Monday after tech leaders, including Dario Amodei, Sam Altman, and Elon Musk, warned artificial intelligence (AI) capabilities are advancing faster than safety guardrails. The stock's upward momentum has continued on Tuesday.
These high-profile warnings heightened enterprise concerns about autonomous, AI-driven cyber threats capable of executing automated network intrusions at unprecedented speeds.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — 'All Intelligent People Do It My Way'
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'

#crowdstrike #crwd #elon #goldman

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity "ridiculous," while welcoming the industry's push to slow advances at the AI frontier so safety measures can catch up.
Wood also expects President Donald Trump to block new federal rules. Polymarket traders currently give a qualifying U.S. AI safety law just a 19% chance of being enacted before 2027, on about $114,000 in trading.
Wood called the industry's slowdown pledge a "positive step." Drawing on her experience investing through the tech and telecom bubble, she said she welcomed industry leaders publicly confronting AI's risks.
"Half of the solution is understanding the problem," Wood told Reuters.

#called #safety #donald

Washington's biggest question this week: Why is President Donald Trump so furiously against an AI slowdown in the wake of apocalyptic warnings from some top industry executives?
The clue is in one word — "hoax" — that he's using to ridicule fears that computerized agents could one day seek to destroy humanity.
When Trump reaches for the H-word, two things are usually happening: He's facing a controversy threatening his political or personal priorities, and he's lost control of the politics.
Trump has long dismissed climate change as a "hoax." So it was a tell that he went on social media to specifically draw an ******* ogy between a planet that is warming despite his denials and the calls for AI controls expressed by leaders in the industry.
By changing reality, Trump frees himself from an obligation to act. In energy policy, that means "drill, baby, drill." His administration has slashed regulation, pleasing oil industry donors. His rants against wind farms suggest he hankers for a 20th-century economy running on carbon.

#Trump #hoax #week

WASHINGTON (AP) — The United States has confirmed for the first time that it has deployed weapons in ******* e, a remarkable revelation after previous warnings about countries such as Russia possibly weaponizing a global frontier long agreed in treaties to be used for only peaceful purposes.
Air Force Secretary Troy Meink said Monday that the U.S. has fielded "on-orbit ******* e control weapons capable of defending the Joint Force against hostile adversary action."
Meink did not detail what the weapons were, how they work or if they were targeting other objects in ******* e or on Earth. The U.S. had warned two years ago that Russia was developing a new ******* e-based, anti-satellite weapon, though the White House said the danger wasn't imminent at the time.
But reports of the anti-satellite weapon reflected longstanding worries about ******* e threats from Russia and China, given that much U.S. infrastructure is dependent on satellite communications. The U.S. has also previously demonstrated its own abilities to shoot down satellites from Earth.
In his remarks to the Air and ******* e Forces ******* ociation's Air, ******* e & Cyber Conference, Meink also said the Air Force was adding more autonomous systems to its capabilities and predicted the service would look "radically different" by 2032. For example, he foresaw one-way attack drones replacing artillery as the "primary killer."

#space #earth

AI investors are weighing warnings from technology executives about the safety risks posed by the rapid advancement of artificial intelligence. However, some believe that slowing AI development could leave the US behind China and other competitors in the global race. Brad Gerstner, founder and CEO of Altimeter Capital, said on CNBC that he supports AI safety measures but believes some fears are being exaggerated to advance a political agenda.
"I've not talked to a single person in AI who says, full steam ahead, disregard safety," Gerstner said. "It turns out we all care about kids. We all care about the future of the country. We know the massive benefits it offers, but we also want to take the extra time to make sure that we do this safely. But what I didn't like this week is these hyperbolic scare tactics, which I think are hiding behind a political agenda. We learn that all of this catastrophizing about data centers may in fact, have had support from the CCP. Right? So I want a little investigation. Who is behind all of this negativity? Is it coordinated? Right? Where is the money coming from?"
Altimeter's second-quarter 13F filings show that the fund opened new positions in several technology and AI-related companies, including Qualcomm (QCOM) and Micron Technology (MU).
Altimeter bought 1.88 million Qualcomm shares valued at about $347.9 million as of June 30. The position accounted for 3.54% of the fund's reported US equity portfolio. It also acquired 209,520 Micron shares worth roughly $241.8 million, representing 2.46% of the portfolio.
Brad Gerstner of Altimeter Capital

#behind #qualcomm

Sept 13 (Reuters) - Former U.S. President Barack Obama has warned that artificial intelligence could be "dangerous" if not properly managed, and urged ‌Democrats to frame policy and governance agendas to tackle the ‌issue, the New York Times said on Sunday.
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast ‌in private hands, and if ⁠we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on ⁠Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once ‌you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.

#obama #democrats #private

As of 11:38 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.44% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has fallen 0.44% to 26,217 as cooling artificial intelligence sentiment weighs on growth stocks, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.36% lower to 52,422.
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.

#down

Dire warnings on AI from the CEOs of Anthropic (ANTH.PVT) and OpenAI (OPAI.PVT) could weigh especially heavily on the business of CoreWeave if the tech is reined in.
"The most exposed name in our coverage is CoreWeave," Bernstein ******* yst Madison Rezaei wrote in a note on Monday. "We estimate that 25% of their existing active U.S. power, with an additional ~74% of their contracted power, is situated in Tier 3 and Tier 4 markets. The backlog is primarily comprised of take-or-pay contracts, so we do not anticipate a threat there, but could see a pullback in demand for the contracted, not-yet-sold rural power if training development slows."
CoreWeave shares fell nearly 7% in premarket trading, one of the worst slides in the AI stock patch on the fresh CEO warnings.
Within the course of two days, AI ******* ans at Anthropic (ANTH.PVT), CEO Dario Amodei, and OpenAI (OPAI.PVT), CEO Sam Altman, have managed to scare the ******* out of the human race with the powerful technology they created and pushed their teams full of pioneering super-coders to supercharge.
"Over the last few months, I have become convinced that fully addressing the risks requires even more prudence — not just investing in risk prevention, but pacing the rate of capabilities advancement so that risk prevention has time to keep up," Amodei stated in a 3,800-word essay on Saturday. "We must slow the pace at which we improve the capabilities of A.I. models. Progress will still seem fast, and we must make wise use of the time we gain."

#power #anth #openai #warnings

Reigning ONE Atomweight Muay Thai World Champion Nadaka Yoshinari made a statement in his kickboxing debut, defeating Har Ling Om via unanimous decision in the main event of ONE SAMURAI 3, which aired live from Yokohama Buntai in **** an on Saturday, September 12.
Both men entered the bout stepping into unfamiliar territory. Nadaka, widely considered **** an's greatest Muay Thai practitioner, was making his first foray into professional kickboxing. Har Ling Om, a Lethwei and Muay Thai veteran from Myanmar, arrived in enemy territory believing his heavier hands could shock the **** anese star in front of his own fans.
In round one, the man who hasn't lost in seven years adapted to the new rule set well, using his straight left to snap his opponent's head back while teasing teeps into Har Ling Om's midsection. A big right hand from the 28-year-old Myanmar slugger showed Nadaka his opposite number had genuine power, but it did little to change the outcome.
The Eiwa Sports Gym representative picked up two warnings for excessive clinching in round two. However, he quickly returned to the game plan, doubling up on left kicks and continuing to pepper his foe with the same piston-like straight left he used in the first three minutes. Har Ling Om played to the crowd, but he did little to sway the judges.
Photo Credit: ONE Championship

#nadaka #myanmar #territory #round

For nearly two minutes, one of the pilots of the Amazon cargo plane that careened off a Miami runway and killed five people repeatedly warned his counterpart they were going too fast as they approached for landing and after touchdown, according to flight information released Wednesday.
A summary of ******* pit voice recordings compiled by the National Transportation Safety Board said the fellow pilot never gave "a consistent verbal response" to the warnings. The plane touched down awkwardly, briefly attempted to take off and then smashed into a van carrying the five victims.
The Amazon plane came in fast on Sunday afternoon and then barreled roughly 1,300 feet (396 meters) past the end of the runway and smashed into a van carrying workers at a plane cleaning company before hitting a compact SUV as it slid across a public road before catching fire.
All five people who died were in the van. Five others were hurt, including two who remained in critical condition on Tuesday. The two pilots survived and were interviewed Wednesday by investigators.
At the point when the pilot first called out the plane was speeding, former FAA official Mike O'Donnell said the crew could have done a number of things to slow it down, including extending the spoilers, cutting the throttles and lowering the landing gear. Or the pilots could have just aborted the landing at that point and circled to try again.

#plane #wednesday

Financial regulators warn about nearly everything. That is the job.
Most of those warnings sound alike after a while, which is why the useful signal is rarely the warning itself.
It is the ranking.
Twice a year, ahead of the G20 finance ministers and central bank governors' meetings, the Financial Stability Board sends a letter laying out what is most likely to break next in the global financial system.
Those letters tend to open with the same cast of characters. Sovereign debt markets. Private credit. ***** et valuations that have run ahead of themselves. Borrowed money sitting somewhere ***** ody has checked recently.

#twice #stability

President Donald Trump is taking action to ensure most federal workers do not see a pay increase next year and denying concerns about its impact on employee retention and agency productivity, despite warnings to the contrary.
Trump's 2027 fiscal budget proposal did not mention pay increases for civilian federal employees, who include air traffic controllers, IRS tax auditors, and food safety inspectors. In a letter to House Speaker Mike Johnson last week, Trump confirmed that these employees would not see a pay increase for next year. Meanwhile, members of the military would see between a 5% to 7% pay increase, part of an effort to "rebuild our military's readiness and capabilities."
The president noted that a pay freeze for most employees was a result of increased inflation levels during the Biden administration. Inflation has increased from 3% to 3.4% since Trump took office in January 2025.
"Such a large raise for Federal employees while most Americans still struggle with the consequences of the Biden Administration's giant inflation spree is unacceptable and would be unfair," Trump wrote.
Trump insisted the move would not impact workforce levels, arguing, "This decision will maintain fiscal responsibility without harming the government's ability to recruit and retain well qualified employees."

#inflation #president #impact

Meghan Markle and Prince Harry's kids will reportedly attend a "posh" UK school with a $35,000-a-year price tag. The Duke and ***** ss of Sussex were said to be sending Archie and Lilibet to a private prep school after their UK return. The recent report says the campus they chose includes luxury amenities, sports facilities, arts ***** es, and river access. The school has not been named for privacy reasons
As per a Page Six report, Prince Archie and Princess Lilibet would attend a private UK prep school. The outlet says the school costs more than "$35,000 a year." The report also describes it as a "ritzy institution" with "state-of-the-art amenities." These include an indoor swimming pool, fitness center, grass playing fields, AstroTurf pitches, and river access for boating and kayaking.
Additionally, the campus reportedly has several creative and academic ***** es, including art studios, a cooking room, science labs, and a large theater. The school is also said to feature a music and performing arts center. It reportedly has practice rooms, classrooms, rehearsal ***** es, a recital hall, and a garden. Pupils also get on-campus breakfast, lunch, and supper, including falafel and slow-roasted lamb shoulder.
Ahead of the kids' first day, parents at a posh school in the UK reportedly received warnings. The letter told them not to take photos or videos of students as a privacy measure.
For context, Archie and Lilibet are expected to begin school this week. This comes after Meghan Markle and Prince Harry have returned to the UK for "an extended period." Although the family has not made a public appearance since the move, reports claim they are staying in the Cotswolds.

#reportedly #spaces

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Elon Musk has been basking on his throne as the world's richest person, and largely based on the success of his U.S. companies. But when it comes to America's fiscal health, his warnings have been apocalyptic, not complimentary.
"In the absence of AI and robotics, we're actually totally screwed because the national debt is piling up like crazy," the Tesla CEO told podcaster Dwarkesh Patel earlier this year. "We are 1,000% going to go bankrupt as a country, and fail as a country, without AI and robots."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#Gold #actually #without #moneywise

KYIV, Ukraine (AP) — Russia launched a large aerial **** ault in and around Ukraine's capital overnight into Tuesday morning, killing at least 11 people and wounding more than a dozen others, including three children, local authorities said.
Ukraine's air force said that Russia began the attack at 6 p.m. Monday, using ballistic, cruise and anti-radar missiles, as well as 218 drones and decoys. About a third of the drones were reportedly jet-powered.
The main targets were the Kyiv and Odesa regions, the air force said in a statement on Telegram.
The overnight strikes marked the sixth consecutive day of Russian attacks on Kyiv, following an unprecedented stretch of air raid alerts that began last week.
The warnings continued at a near-constant pace throughout the rest of the week, forming a sustained, multiday barrage that has increasingly involved the use of fast, jet-powered drones. The relentless attacks have subjected Kyiv and its residents to prolonged danger and disruption, with strikes coming during both the nighttime and daytime hours.

#strikes

Iranian President Masoud Pezeshkian acknowledged his country's economic woes amid pressure from the U.S., which is strangling its trade while protecting other countries' ships carrying oil through the Strait of Hormuz.
Recent weeks have seen Tehran lose leverage over the critical energy chokepoint as traffic picks up, especially via a southern route along Oman's coast. At the same time, warnings about Iran's economy from Pezeshkian and the regime's other relative moderates have been mounting.
In an interview with state media on Friday, he signaled defiance in the face of all the economic pressure and credited Iran's resilience to its unity.
"We have many problems," Pezeshkian said, according to a Google translation. "There's inflation, economic issues, employment and many other problems, but the people are with us."
Indeed, inflation has soared above 80%, with prices for certain food staples up 100%. The International Monetary Fund said in April Iran's economy will shrink 6.1% this year, the worst contraction in decades. And a labor ministry official estimated that more than 1 million jobs had been lost by late May.

#pressure #problems #inflation

SAP (NYSE:SAP) faces a slower path to monetizing artificial intelligence, according to UBS, which downgraded the German software giant to Neutral from Buy on concerns that agentic AI is reaching customers too slowly.
The Swiss bank said SAP remains a dominant system of record with a deep moat around its core enterprise resource planning business, but the pace of "out-of-the-box" AI agent delivery is lagging. SAP has rolled out just 17 such agents to date, with another 15 in ramp-up, leaving its target of 200 by year-end looking difficult to reach, UBS **** ysts wrote.
The complexity of SAP's largest customers, many running multiple ERP instances across different versions and often on private cloud deployments with custom coding, complicates the company's ability to deliver standardized AI tools, according to the note. UBS said it is hearing positive signals on customers building their own agents through Joule Studio, but adoption remains gradual, making it hard to disprove bearish views on SAP's AI relevance in the near term.
UBS expects cloud backlog growth to decelerate in the second half of the year toward management's guided ~23% constant-currency pace, down from Q2's 26% (24.6% organic), a slowdown likely to pressure shares without clearer AI traction.
UBS also cited falling cloud gross, higher AI token costs pressuring R&D spending, a 100 million euro cut to 2026 EBIT guidance from acquisition dilution, and management's warnings about IT spending risks tied to the Gulf conflict.

#remains #german

On August 13, Nektar Therapeutics (NASDAQ:NKTR) held its second-quarter earnings call and laid out where its lead drug candidate stands after years of development. Rezpegaldesleukin, known as rezpeg, is now enrolling patients in Phase 3 trials for two separate autoimmune conditions, atopic dermatitis and alopecia areata. Management framed the quarter around two numbers that matter most to investors right now: a $1.02 billion cash balance that provides a runway into 2028, and a drug program that finally has late-stage data on the calendar.
Nektar's Phase 3 program for atopic dermatitis, called ZENITH AD, began randomizing patients in July 2026 across two pivotal studies, each enrolling 510 adolescent and adult patients. A third study in patients who have already tried other treatments is set to start by the end of September 2026. Management expects top-line data from the first studies in mid-2028, with a Biologics License Application submission to follow in 2029 if results hold up. After an end-of-Phase 2 meeting with the FDA, Nektar also finalized a single registrational Phase 3 study for alopecia areata, called ZENITH AA, which will enroll 850 patients and use a SALT score of 20 or less at week 52, meaning 80% or more scalp hair coverage, as its primary endpoint.
The case for rezpeg goes beyond trial design. CEO Howard Robin noted that roughly 15 million people in the U.S. have moderate to severe atopic dermatitis, and fewer than 10% currently get a systemic therapy, leaving room for the market itself to grow. He also pointed out that about half of patients on IL-13 drugs such as Dupixent either stop responding or never respond at all. In alopecia areata, where JAK inhibitors carry boxed warnings that keep many dermatologists away, the market for approved treatments is still projected to reach $5 billion by 2033. Nektar's own market research found that 150 of 151 physicians surveyed preferred rezpeg's short-lived injection site reactions over the longer-lasting conjunctivitis tied to current options, a result management used to argue rezpeg could compete across first, second, and third-line patients.
None of this comes cheap. Nektar's operating loss widened to $42.3 million in the second quarter, up from $36.2 million a year earlier, and the net loss came in at $40.6 million, or $1.23 per share. Research and development spending is set to climb further, with full-year guidance now at $210 million to $230 million as the Phase 3 programs and manufacturing activities ramp up. The company's only revenue right now is $10.1 million in noncash royalty income, down from $11.2 million a year ago, and full-year revenue guidance tops out at $45 million. That gap between spending and revenue is why Nektar leaned on a public stock offering that raised $373.8 million in gross proceeds in April 2026, a move that keeps the lights on but also dilutes existing shareholders.

#quarter

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Robert Kiyosaki has never been shy about issuing dire financial warnings. But with America's national debt reaching a staggering new milestone, the Rich Dad Poor Dad author is turning up the volume.
"$40 TRILLION US NATIONAL [debt] soon!!" Kiyosaki wrote (1) on X. "What are you doing about it?"
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#poor

With great certainty, I can say there will be a bear market. What I can't tell you is when, though I expect one sooner than later. Right now, with the market trading near all-time highs, investors appear to be shrugging off a lot of bad news. Even JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has been offering warnings about the increasing risk of a downturn, so I'm not going out on a limb here. But if there is a bear market ahead, now or in a more distant future, the smartest investors prepare before the inevitable downturn.
I've lived through numerous bear markets, including the very deep dot-com crash and the Great Recession, when there were legitimate concerns about the stability of the global financial system. When stock prices fall day after day, week after week, month after month, and year after year, it is hard not to panic. You are watching your wealth slip away little by little and, at some point, you feel like you need to stop the bleeding before you lose it all.
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 »
There are no free lunches on Wall Street, as the old saying goes. You have to take the good with the bad. And bear markets are part of that story, but, historically, they've always been followed by new bull markets. You may feel like the bleeding will never stop, but history says it will. And that the market will eventually post even higher highs.
So the big thing you need to do is remember the history, so you have the wherewithal not to panic and follow the crowd. A really simple approach is to buy a low-cost S&P 500 index fund, such as Vanguard S&P 500 ETF (NYSEMKT: VOO) and its 0.03% expense ratio, and just keep buying. Right through the downturn, as well, since you'll be able to buy more shares of the exchange-traded fund (ETF) while they are cheap. That's known as dollar-cost averaging, and it can be a very powerful wealth-creation tool.

#NVIDIA #right

DEIR AL-BALAH, Gaza Strip (AP) — Palestinian residents of war-battered Gaza fled homes and businesses as Israeli strikes and tank fire killed at least four people Monday, including two children, hospital officials said, a week after a U.S. delegation asked Israel to draw down attacks.
After evacuation warnings by Israel's military, a strike hit a building in the Bureij refugee camp in central Gaza. One family was unable to flee and a 4-year-old child was killed, according to Awda Hospital, where he was taken. His mother and sister were wounded. There was no Israeli military comment.
Israeli strikes hit three other buildings across the territory after residents said they received evacuation warnings. Some people sprinted away, with mothers carrying children, while others moved amid the rubble in wheelchairs or with canes.
Smoke rose over the already devastated landscape.
Israel's military said it carried out strikes in the Shati refugee camp in Gaza City and in Deir al-Balah after issuing warnings, targeting what it described as two Hamas weapons storage facilities inside mosques. The military did not provide evidence but said the facilities contained dozens of "Kalashnikov rifles, magazines and additional military equipment."

#strikes #warnings #balah #hospital

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For as long as there have been financial markets, there have been warnings of market bubbles and looming corrections. While this time is no different, it still poses a thorny dilemma for financial advisors charged with helping clients navigate whatever the next market cycle brings without doing too much damage to their savings and investments.
Four years in, a bull market for US equities that followed the 2022 correction has started to attract some gloomy forecasts, largely because it's underpinned by an artificial intelligence wave that could easily be described as overvalued under multiple measures.
Recent remarks by billionaire Bridgewater **** ociates founder Ray Dalio warn of a potential liquidity crisis for investors and underscore the distinction between net worth and the kind of actual cash that could be needed in a market pullback.
"Wealth is not the same as money," Dalio said on a recent podcast. "You see a lot of people getting wealthy but you can't spend the wealth."

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