SOUTH SAN FRANCISCO, Calif., July 17, 2026 (GLOBE NEWSWIRE) -- Vaxart, Inc. (Nasdaq: VXRT) (“Vaxart” or the “Company”), a clinical-stage biotechnology company developing a range of oral recombinant pill vaccines based on its proprietary delivery platform, yesterday held its Annual Meeting of Stockholders (the “Annual Meeting”) in a virtual-only format. Results from the Annual Meeting indicate that two proposals were approved and one proposal was rejected by Vaxart stockholders.
Stockholders voted in favor of the following proposals in alignment with the Board of Directors’ recommendations:
Election of six director nominees to serve until the 2027 Annual Meeting of StockholdersRatification of WithumSmith+Brown, PC as Vaxart’s independent registered public accounting firm Stockholders did not approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement for the Annual Meeting, also known as “say-on-pay”.
The final results will be reported on a Current Report on Form 8-K to be filed by Vaxart with the U.S. Securities and Exchange Commission.
About Vaxart
Vaxart is a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform. Vaxart vaccines are designed to be administered using pills that can be stored and shipped without refrigeration and eliminate the risk of needle-stick injury. Vaxart believes that its proprietary pill vaccine delivery platform is suitable to deliver recombinant vaccines, positioning the company to develop oral versions of currently marketed vaccines and to design recombinant vaccines for new indications. Vaxart’s development programs currently include pill vaccines designed to protect against coronavirus, norovirus and influenza, as well as a therapeutic vaccine for human papillomavirus (HPV), Vaxart’s first immune-oncology indication. Vaxart has filed broad domestic and international patent applications covering its proprietary technology and creations for oral vaccination using adenovirus and TLR3 agonists.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Vaxart's strategy, prospects, plans and objectives, results from preclinical and clinical trials and the timing of such results, and beliefs and expectations of management, including statements regarding Vaxart’s Phase 2b clinical trial of its oral pill COVID-19 vaccine candidate, the 400-participant sentinel safety cohort, the approximately 5,000-participant main cohort, further analyses of trial data, anticipated timing of complete study data, and funding under Project NextGen and the RRPV Consortium, are forward-looking statements. These forward-looking statements may be accompanied by such words as "should," "believe," "could," "potential," "will," "expected," “anticipate,” "plan," “intend,” “may,” “estimate,” “approximately,” “designed,” “powered,” “subject to,” and other words and terms of similar meaning. Examples of such statements include, but are not limited to, statements relating to Vaxart's ability to develop its product candidates and oral pill vaccine platform; Vaxart's expectations regarding clinical results and trial data, and the timing of receiving and reporting such clinical results and trial data, including further analyses of the sentinel safety cohort and complete study data anticipated in 2027; Vaxart’s expectations regarding the design, powering, conduct, completion and analysis of its Phase 2b COVID-19 trial and main cohort; and Vaxart’s expectations with respect to the safety, tolerability, efficacy, relative efficacy, immunogenicity and potential regulatory significance of its product candidates, as well as the availability, permitted uses and sufficiency of funding under the Project NextGen/BARDA/RRPV award. These forward-looking statements are based on Vaxart’s current expectations and assumptions as of the date of this press release. Vaxart may not actually achieve the plans, carry out the intentions, or meet the expectations or projections disclosed in the forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations, and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Vaxart makes, including uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, retain participants, collect follow-up data, generate sufficient evaluable cases and events, and complete, unblind, analyze and report data from the Phase 2b trial, including the main cohort, in the expected timeframes, as well as the possibility of unfavorable new clinical data and further analyses of existing clinical data, including analyses that may differ from or not confirm the topline data from the sentinel safety cohort or may not support conclusions regarding safety, tolerability, immunogenicity, efficacy or relative efficacy; the risk that clinical trial data, including data from the sentinel safety cohort and main cohort, are subject to differing interpretations and assessments by Vaxart, investigators, independent safety reviewers, funding agencies, regulatory authorities and other third parties; whether regulatory authorities will be satisfied with the design of and results from the clinical studies, including the study’s comparator, endpoints, statistical assumptions, strain selection, safety database and efficacy analyses; decisions by regulatory authorities impacting labeling, manufacturing processes, and safety that could affect the availability or commercial potential of any product candidate, including the possibility that Vaxart's product candidates may not be approved, authorized or licensed by the FDA or non-U.S. regulatory authorities; and that results from the Phase 2b trial may not be sufficient to support regulatory submissions, regulatory interactions, approval, authorization, licensure or commercialization of Vaxart’s oral pill COVID-19 vaccine candidate; risks related to government funding for the Phase 2b trial, including whether amounts under the Project NextGen/BARDA/RRPV award will be available, released, reimbursed or sufficient in the amounts or at the times expected, and whether the award may be modified, reduced, delayed, suspended or terminated or subject to conditions, audits or other compliance requirements; that Vaxart or its partners may experience manufacturing, supply, storage, shipment, stability, quality control or quality assurance issues and delays due to events within, or outside of, Vaxart's or its partners' control; difficulties in production, particularly in scaling up initial production, including difficulties with production costs and yields, quality control, including stability of the product candidate and quality assurance testing, shortages of qualified personnel or key raw materials, and compliance with strictly enforced federal, state, and foreign regulations; Vaxart's ability to obtain sufficient capital to fund its operations on terms acceptable to Vaxart, if at all, including expenses not covered by government funding; the impact of changes in government public-health, procurement and funding priorities; changes in COVID-19 incidence, circulating variants, vaccination recommendations and market demand; and competition from approved and investigational COVID-19 vaccines and other vaccine technologies; and other risks described in the “Risk Factors” sections of Vaxart’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings filed with or furnished to the SEC. Vaxart does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact
Vaxart Media and Investor Relations
FINN Partners [email protected]
JACKSONVILLE, Fla., July 17, 2026 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.14 per share quarterly dividend on the Company’s common stock. The dividend is payable Sept. 15, 2026, to shareholders of record at the close of business Aug. 31, 2026.
About CSX and its Disclosures
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links approximately 250 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
This announcement, as well as additional financial information, is available on the Company's website at investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Facebook and on X, formerly known as Twitter. The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com.
Contact:
Matthew Korn, CFA, Investor Relations and Corporate Communications
904-366-4515
Gail Boudreaux, President and CEO of Elevance Health, Inc. (ELV +0.07%), purchased 2,725 shares of common stock on July 17, 2026, at $367.79 per share. SEC Form 4 filing.
Today's Change
(
0.07
%) $
0.26
Current Price
$
373.11
Transaction summaryMetricValueShares purchased2,725Transaction value~$1.0 millionPost-transaction shares (total)~172,000Post-transaction shares (directly held)~172,000Post-transaction shares (indirectly held)60Post-transaction value$63.51 millionTransaction value based on SEC Form 4 weighted average purchase price ($367.79); post-transaction value based on July 17, 2026 market close ($369.16).
Key questionsHow significant is this purchase relative to the CEO's existing position?
The purchase of 2,725 shares represents a 2% expansion of Gail Boudreaux's total equity stake in Elevance Health. Following the transaction, the market value of the insider's total holdings is $63.51 million based on the July 17 valuation price.What is the financial profile of Elevance Health at the time of this activity?
Elevance Health maintains a market capitalization of $80 billion as of the July 16 market close. The company reported trailing twelve-month revenue of $201.1 billion and net income of $5.0 billion, indicating a solid fundamental backdrop for this capital commitment.What is the structure of the insider's remaining equity interest?
The vast majority of the insider's position is held directly, totaling ~172,000 shares. A nominal indirect holding of 60 shares is maintained through a spouse's revocable trust, and the insider also holds derivative securities.Company OverviewMetricValueShare Price (as of market close 2026-07-16)$372.85Market Capitalization$80.0 billionRevenue (TTM)$201.1 billionNet Income (TTM)$5.0 billionCompany SnapshotElevance Health operates as a comprehensive health benefits organization offering medical, digital, pharmaceutical, behavioral health, and clinical care solutions to approximately 118 million individuals across consumers, families, and communities.The company generates revenue through health insurance premiums, managed care services, and integrated healthcare solutions that span the entire health and wellness continuum for its diverse member base.Elevance Health serves employers, government programs, and individual consumers seeking comprehensive health coverage and wellness solutions across the United States.Elevance Health is one of the nation's largest health benefits organizations, commanding a significant market position with $201.1 billion in trailing twelve-month (TTM) revenue and serving over 118 million individuals. The company's integrated platform approach—combining medical plans, pharmacy management, behavioral health services, and digital health tools—provides a competitive advantage in delivering coordinated care and managing healthcare costs. Founded in 1944 and headquartered in Indianapolis, Elevance Health demonstrates substantial profitability with $5 billion in TTM net income, reflecting strong operational execution and market leadership in the managed care sector.
What this transaction means for investorsThere are many reasons an insider may sell, some of which have nothing to do with the person’s outlook for the stock price, like having to pay a big personal expense.
There is only one reason an insider buys: they think the stock price is going up.
By that rule alone, it’s bullish that Gail Boudreaux spent another million dollars on Elevance Health stock. Investors are reacting positively to the company’s plan to exit unprofitable Medicaid markets, like the District of Columbia, with more expected to be announced. Wall Street sees fiscal 2026 bringing a slight slip in revenue and net income, but free cash flow should just about double to more than $6 billion, a positive development. Good trends this year in morbidity — the number and severity of customers getting sick — also could help balance out the fact that most of its ACA (Obamacare) customers tend to backload care in the latter half of each year.
Further cost controls and the use of technology to improve the customer experience are expected to benefit the bottom line in the long term.
If Bourdreax’s buying is any indication, 2026 should be positive for Elenvance Health.
Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
, /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers to exchange (the "Exchange Offers" and each, an "Exchange Offer" and, together with the Tender Offers, the "Offers" and each, an "Offer"), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the "Offering Memorandum"), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the "Offer Notes") issued by the applicable WBD Issuer for notes to be newly issued by Paramount.
The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m., New York City time, on July 31, 2026, unless further extended. The Settlement Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) will occur promptly after the Expiration Date and are currently anticipated to occur in the third quarter of 2026. Paramount anticipates extending the Expiration Date for such Tender Offers and Exchange Offers until such time that would result in the Settlement Dates occurring on or promptly following the closing date of the proposed acquisition (the "Acquisition") by Paramount of Warner Bros. Discovery, Inc. ("WBD"). Tenders of the Offer Notes in the Offers may be withdrawn at any time prior to the Expiration Date. The aforementioned extensions further extend the Expiration Dates previously extended by Paramount on June 12, 2026, June 26, 2026, and July 13, 2026.
As of 5:00 p.m., New York City time, on July 16, 2026, approximately 66.16% and 75.95% of the aggregate principal amount of the Existing Tender Offer Notes and Existing Exchange Offer Notes, respectively, have been validly tendered in the applicable Offers. As Paramount previously announced that it anticipates extending the Offers to align with the closing date of the Acquisition, Paramount does not view these figures to be representative of the final results of the applicable Offers.
Information about each series of Offer Notes eligible to participate in the Offers is summarized below.
Type of Offer
Offer Notes to be Tendered
or Exchanged, as
Applicable
Issuer of Offer Notes
CUSIP No. / Common Code
/ ISIN Eligible to
Participate in the Offers (1)
Aggregate Principal
Amount of Offer Notes
Eligible to Participate in the
Offers (2)
Tender Offer
3.950% Senior Notes due
2028
DCL Issuer
25470D CP2
US25470DCP24
$1,234,458,000
Exchange Offer
4.125% Senior Notes due
2029
DCL Issuer
25470D CQ0
US25470DCQ07
$655,825,000
Exchange Offer
3.625% Senior Notes due
2030
DCL Issuer
25470D CR8
US25470DCR89
$914,183,000
Exchange Offer
5.000% Senior Notes due
2037
DCL Issuer
25470D CS6
US25470DCS62
$453,281,000
Exchange Offer
6.350% Senior Notes due
2040
DCL Issuer
25470D CT4
US25470DCT46
$438,102,000
Exchange Offer
4.950% Senior Notes due
2042
DCL Issuer
25470D CU1
US25470DCU19
$130,366,000
Exchange Offer
4.875% Senior Notes due
2043
DCL Issuer
25470D V91
CV9US25470DC
$141,584,000
Exchange Offer
5.200% Senior Notes due
2047
DCL Issuer
25470D W74
CW7US25470DC
$3,161,000
Exchange Offer
5.300% Senior Notes due
2049
DCL Issuer
25470D X57
CX5US25470DC
$247,860,000
Tender Offer
3.755% Senior Notes due
2027
DGH Issuer
254948 AH5
US254948AH58
254948 AN2
US254948AN27
U25483 AA3
USU25483AA38
$1,189,336,000
Exchange Offer
4.054% Senior Notes due
2029
DGH Issuer
254948 AJ1
US254948AJ15
254948 AP7
US254948AP74
U25483 AB1
USU25483AB11
$1,353,828,000
Exchange Offer
4.279% Senior Notes due
2032
DGH Issuer
254948 AK8
US254948AK87
254948 AQ5
US254948AQ57
$2,691,764,000
Exchange Offer
5.050% Senior Notes due
2042
DGH Issuer
254948 AL6
US254948AL60
254948 AR3
US254948AR31
U25483 AD7
USU25483AD76
$4,104,687,000
Exchange Offer
5.141% Senior Notes due
2052
DGH Issuer
254948 AM4
US254948AM44
254948 AS1
US254948AS14
$949,883,000
Exchange Offer
4.302% Senior Notes due
2030
DGH Issuer
XS3393993285
339399328
€234,382,000
Exchange Offer
4.693% Senior Notes due
2033
DGH Issuer
XS3393994507
339399450
€316,641,000
__________
(1)
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Offer Notes. Such identifiers are provided solely for the convenience of the holders.
(2)
Represents the aggregate principal amount of Offer Notes outstanding that are eligible to participate in the Offers.
The Exchange Offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations of the Securities and Exchange Commission (the "SEC") promulgated thereunder, and are also not being registered under any state or foreign securities laws. Any securities offered pursuant to the Exchange Offers may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers will only be made, and the securities offered pursuant to the Exchange Offers are only being offered and issued, to holders of applicable Existing Exchange Offer Notes who are (a) reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act or (b) not "U.S. persons," as defined in Rule 902 of Regulation S under the Securities Act (such holders, "Eligible Holders"), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/paramount.
General
Each Offer is a separate offer, and each may be individually consummated, amended, extended, terminated, or withdrawn, subject to certain conditions and applicable law, at any time in Paramount's sole discretion, and without also consummating, amending, extending, terminating, or withdrawing any other Offer with respect to any other series of Offer Notes. Paramount may terminate an Offer if any of the conditions of such Offer described in the Offer to Purchase or Offering Memorandum, as applicable, are not satisfied or waived by the applicable Expiration Date, subject to applicable law. In addition, Paramount may waive the conditions to an Offer without extending such Offer in accordance with applicable law.
The Offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. None of Paramount, WBD, the WBD Issuers, the Dealer Managers, the Exchange Agent (as defined below), the Information Agent (as defined below), the trustees under each of the indentures governing the Offer Notes, the trustee or collateral agent under the indenture that will govern the notes to be issued in the Exchange Offers, or any affiliate of any of them makes any recommendation as to whether any holder of Offer Notes should tender or refrain from tendering all or any portion of the principal amount of such holder's Offer Notes for cash or notes to be issued in the Exchange Offers. No one has been authorized by any of them to make such a recommendation. Holders must make their own decision whether to tender Offer Notes in any Offer and, if so, the amount of Offer Notes to tender.
Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Exchange Offers. Paramount has engaged Global Bondholder Services Corporation to act as the exchange agent (in such capacity, the "Exchange Agent") and information agent (in such capacity, the "Information Agent") for the Offers. Questions concerning the Offers, or requests for additional copies of the Offer to Purchase or Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at [email protected]. Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Offers. The Exchange Offer documents and the Tender Offer documents can be accessed at the following link: https://gbsc-usa.com/paramount.
Paramount has engaged BofA Securities and Citigroup as dealer managers (in such capacity, the "Dealer Managers") for the Offers. Holders with questions regarding the Offers should contact BofA Securities, Inc. at +1 (888) 292-0070 (toll-free) or +1 (980) 388-3646 (collect) or [email protected] or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 or [email protected]. Latham & Watkins LLP is serving as legal counsel to Paramount and Cahill Gordon & Reindel LLP is serving as legal counsel to the Dealer Managers.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.
This communication contains "forward-looking statements" regarding the Acquisition and the other transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the Acquisition will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained or will be obtained subject to conditions that are not anticipated; the possibility that the transactions described herein will not be completed in the expected timeframe or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Acquisition; potential adverse effects to the businesses of Paramount or WBD during the pendency of the Acquisition, such as employee departures or distraction of management from business operations; negative effects of the announcement or the consummation of the Acquisition on the market price of WBD or Paramount stock; the risk of stockholder litigation relating to the Acquisition, including resulting expense or delay; the potential that the expected benefits and opportunities of the Acquisition, if completed, may not be realized or may take longer to realize than expected; risks related to the streaming business of the post-Acquisition combined business (the "Combined Company"); the adverse impact on the Combined Company's advertising revenues as a result of changes in consumer behavior, advertising market conditions, and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Combined Company's decision to invest in new businesses, products, services, and technologies, and the evolution of the Combined Company's business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Combined Company's content; damage to the Combined Company's reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Combined Company's intellectual property rights; domestic and global political, economic and regulatory factors affecting the Combined Company's business generally or the Acquisition; the inability to hire or retain key employees or secure creative talent; disruptions to the Combined Company's operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount's ability to integrate, the businesses of Paramount Global, Skydance Media, LLC, and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation related to the Acquisition and other matters or transactions; risks associated with the Combined Company's holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to our indebtedness, including our substantial outstanding debt obligations, our ability to incur substantially more debt and our ability to meet the financial and other covenants contained in the agreements governing the indebtedness of Paramount, WBD, or the Combined Company. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," Paramount's most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 4, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and Paramount's subsequent filings with the SEC, and in WBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, including in the section captioned "Item 1A. Risk Factors," WBD's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 6, 2026, and WBD's subsequent filings with the SEC. Neither Paramount nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
A judge on Friday declined to issue a ruling from the bench regarding California’s request for a temporary restraining order freezing Paramount’s planned takeover of Warner Bros. Discovery (WBD)
Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The lawsuit claims the megadeal would "lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S."
The lawsuit, filed in the U.S. District for the Northern District of California, claims that the merger violates Section 7 of the Clayton Act, which holds that mergers that may substantially lessen competition or tend to create a monopoly are illegal.
PARAMOUNT ADVISERS PUSH FOR CALIFORNIA EXIT AS STATE SUES TO BLOCK WARNER BROS DISCOVERY MERGER: REPORT
California Attorney General Rob Bonta believes Paramount’s planned takeover of Warner Bros. Discovery is "an illegal merger." (AaronP/Bauer-Griffin/GC Images / Getty Images)
A TRO hearing on Friday got deep into antitrust law, with Paramount arguing the merger would actually increase competition while the state insists that combining two major Hollywood studios would hurt the industry while giving too much power to the company.
District Judge Araceli Martínez-Olguín promised to issue a ruling by July 22.
Paramount is seeking to move forward as soon as possible to avoid exorbitant ticking fees, a term for charges that accrue as the merger is delayed. Reporters were prohibited from taking photos or video of the hearing.
WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEAL
California Attorney General Rob Bonta. (Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via Getty Images / Getty Images)
The Justice Department (DOJ) announced last week it has closed its antitrust investigation into Paramount Skydance's proposed acquisition of WBD, concluding the transaction is not likely to harm competition or American consumers.
The Antitrust Division said its eight-month review examined more than two million documents and found the deal could strengthen competition across the media and entertainment industry, including in streaming video, traditional television and theatrical film distribution. However, state attorneys general retain independent authority under antitrust laws.
Ellison, the son of billionaire Oracle co-founder Larry Ellison, took control of Paramount last year when Skydance Media and Paramount Global completed an $8 billion merger. Adding WBD to his portfolio would make the younger Ellison one of Hollywood’s most powerful people.
CALIFORNIA AG BLASTS PARAMOUNT-WBD MERGER AS ‘ILLEGAL,’ SAYS THREAT TO LEAVE STATE IS ‘BLACKMAIL’ EFFORT
Paramount CEO David Ellison. (Charly Triballeau/AFP via Getty Images / Getty Images)
Paramount fired back Monday shortly after the complaint was filed, saying the lawsuit "reflects a fundamentally flawed application of the antitrust laws and is wrong on both the facts and the law."
"We will vigorously defend the transaction and demonstrate that this challenge is inconsistent with sound competition policy and the competitive realities of the media marketplace. Delaying this transaction will only harm entertainment workers who have already suffered over recent years as technology has disrupted their livelihood and cost California tens of thousands of entertainment jobs," a Paramount spokesperson said in a statement to Fox News Digital.
"The combination of Paramount and WBD will create a stronger, well-capitalized, creative-first media company that is better positioned to compete with companies like Netflix that have come to dominate the industry for audiences, premium content, and creative talent," the spokesperson continued. "Put simply, any attempt to block this transaction undermines the very principles antitrust law is designed to promote: more competition, more choice for consumers, and more opportunities for creators and workers."
Americké akciové indexy v závěru páteční seance ještě mírně prohloubily předchozí ztráty a uzavřely unisono se zápornou bilancí. Nejhůře si stál technologický Nasdaq, který odepsal 1,4 %, širší index S&P500 pak 1,01 % a Dow Jones -0,77 %.
Všechny segmenty S&P500 vyjma energií (+1,2 %) uzavřely v červených číslech. Se ziskem naopak končily drahé kovy. Zlato přidalo 1 % a uzavřelo na 4010 USD/oz, stříbro zpevnilo o 0,7 % na 55,9 USD/oz. Mírný růst vykázaly také dluhopisy vyjma nejkratších splatností. Výnos 10letého vládního bondu se usadil na 4,555 % (vs. 4,57 % včera). Pěkné zisky vykázaly energie. Ropa na pozadí rostoucích tenzí na Blízkém východě posílila o 4,4 % na 82,4 USD/barel, zemní plyn zpevnil o 2,3 % na 2,93 USD/mmbtu.
Závěrečné hodnoty:
Dow Jones -0,77 % na 52146,42 b.
S&P 500 -1,01 % na 7457,69 b.
Nasdaq Composite -1,4 % na 25520,24 b.
Index S&P 500 -1,01 % na 7457,69 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +1,2 % Komunikační služby -2,4 % Reality 0 % Zbytná spotřeba -1,6 % Průmysl -0,4 % Informační technologie -1,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Travelers Cos (TRV) +9,2 % Intuitive Surgical (ISRG) -14 % Seagate Technology Holdings (STX) +5,7 % Cadence Design Systems (CDNS) -9,5 % Centene Corp (CNC) +4,0 % Synopsys (SNPS) -7,9 % Casey's General Stores (CASY) +3,9 % Netflix (NFLX) -7,3 % Lumentum Holdings (LITE) +3,8 % Axon Enterprise (AXON) -5,8 %
David Lamač
Fio banka, a.s.
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Rocket Lab Corporation (NASDAQ:RKLB) is trading higher on Friday. The stock his been in a downtrend after breaking a support level.
As you can see on the chart, the $78 level was important support for Rocket Lab. After this support broke, a large move lower followed. This downtrend may end around the $57.50 level. This is why Rocket Lab is the Stock of the Day.
Support is a price level in a market where demand for a stock is high. There are enough buy orders to absorb all of the sell orders. This is why selloffs end or at least pause when they drop to support.
Sometimes, stocks rally after reaching support. This happens when some of the sellers who create the support become anxious and impatient. They start raising their bid prices.
Other anxious buyers see this and do the same. It forces the shares into a downtrend. As you can see on the chart, this is what happened with Rocket Lab in early May.
But sometimes support can break, and the price can head lower. This happens when the buyers eventually overpower the sellers. It just happened with this stock.
Support breaks can be followed by rapid moves lower. With buyers out of the market, sellers are forced to undercut one another because demand is insufficient. This can put the shares into a downtrend.
Rocket Lab may next find support around $57.50. This level was support in April. There are people who sold then who have regretted doing so ever since because now the price is higher. Some of them have vowed to buy their shares back if they can get them at the selling price.
This means if Rocket Lab reaches $57.50, they will place buy orders. If there are enough of these buy orders, it will create support at the level again. This could be where the selloff ends.
RKLB Stock Price Activity: Rocket Lab shares were up 1.50% at $68.36 at the time of publication on Friday, according to Benzinga Pro data.
Photo: Emagnetic/Shutterstock
Market News and Data brought to you by Benzinga APIs
Appointment reinforces Willis’ specialty approach and commitment to client-focused solutions for the life sciences sector July 17, 2026 15:55 ET | Source: Willis Towers Watson US LLC
NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the appointment of Lars Sorensen as Life Sciences Industry Leader for North America.
Sorensen will lead Willis’ life sciences industry strategy and work with leaders and placement teams to advance Willis’ position as a trusted advisor in the life sciences sector. He will report to Mike Giacobbe, Chief Commercial Officer, Willis North America. Sorensen will also drive solution development and serve as a subject matter expert for clients.
“Lars’ deep life sciences expertise, global perspective and client focus will strengthen our ability to help clients navigate complex business challenges, address emerging risks and achieve their objectives,” said Mike Giacobbe, Chief Commercial Officer, Willis North America. “His appointment reflects our continued investment in specialty talent and our commitment to delivering differentiated advice and solutions to clients.”
Sorensen brings more than 30 years of experience to Willis, most recently serving as Life Sciences Industry Vertical Leader, EMEA/UK at Aon. He has built and led high-performing teams, developed long-standing client relationships and driven growth across multiple markets, with expertise spanning industry, broking and liability.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Berkshire Hathaway's biggest stock holdings have added more than $20 billion in value this quarter, but Warren Buffett's decision to slash the Apple stake continues to weigh on the portfolio's upside.
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New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hub Group, Inc. ("Hub Group" or the "Company") (NASDAQ: HUBG) on behalf of investors that purchased or otherwise acquired Hub Group securities between April 28, 2023 and May 11, 2026 (the "Class Period").
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are an investor in Hub Group and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 28, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On February 5, 2026, Hub Group announced preliminary fourth quarter and full year 2025 results and disclosed the identification of a $77 million accounting error due to "the understatement of purchased transportation costs and accounts payable in the first nine months of 2025." Additionally, the Company said it "plans to restate its financial statements for the first, second and third quarters of 2025," and "is continuing to assess the potential impact to its consolidated financial statements for the years ended December 31, 2024 and 2023."
On this news, the price of Hub Group stock fell $9.37 per share, or 18.25%, to close at $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they "should no longer be relied upon." The Company did not quantify the expected misstatement, although it stated that it "expects to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023."
On this news, the price of Hub Group stock fell $5.24 per share, about 12.5%, to close at $36.62 per share on May 12, 2026.
The complaint alleges, among other things, that throughout the Class Period, the Company's financial statements contained material misstatements caused by the premature and incorrect recognition of certain transactions and other material misstatements caused by the understatement of purchased transportation costs and accounts payable.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/hub-group-inc/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305605
Source: Kaplan Fox & Kilsheimer LLP
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New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 17, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hub Group, Inc. ("Hub" or the "Company") (NASDAQ: HUBG), if they purchased or otherwise acquired the Company's securities between April 28, 2023, and May 11, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
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What You May Do
If you purchased securities of Hub as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hubg/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 28, 2026.
>>>CLICK HERE for more information
About the Lawsuit
Hub Group and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 5, 2026, the Company disclosed that its financial statements and reports for the first three quarters of 2025 should not be relied upon due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025" and that it planned to restate the statements. On this news, the price of Hub Group shares fell approximately 18%, from $51.33 per share on February 5, 2026 to $41.96 on February 6, 2026.
Then, on May 12, 2026, the Company disclosed that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they should no longer be relied upon, and "expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023." On this news, the price of Hub Group shares fell an additional 13%, from $41.86 per share at close on May 11, 2026 to $36.62 on May 12, 2026.
The case is Lawler v. Hub Group, Inc., et al, 26-cv-07596.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Katherine Collins and Lori J. Ryerkerk to Join as Newest Board Members
Directors Dr. Kathryn Sullivan and Ahmet C. Dorduncu to Retire from Board at Year-End
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) is pleased to announce that Katherine Collins and Lori J. Ryerkerk have been appointed to the company's Board of Directors, effective October 1, 2026.
Katherine Collins is an investment leader with more than three decades of experience in asset management, sustainable investing, research leadership and nonprofit governance. She most recently served as the first Head of Sustainable Investing at Putnam Investments, where she built the firm's sustainable investment platform into a top 10 U.S. sustainable asset manager with more than $10 billion in assets. Earlier in her career, she held senior investment roles at Fidelity, including leading equity research for more than $500 billion in U.S. equity mutual fund assets and managing multi-billion-dollar portfolios. She is also the founder and CEO of Honeybee Capital Foundation, author of The Nature of Investing, a CFA charterholder and an active nonprofit board leader. Collins holds a master's degree in theological studies from Harvard Divinity School and a bachelor's degree with honors in economics and Japanese studies from Wellesley College.
Lori J. Ryerkerk is an executive and board leader with more than four decades of experience across the global energy, chemicals and specialty materials sectors. She most recently served as Chairman, President and CEO of Celanese Corporation, where she led the company through significant transformation, including the $11 billion acquisition of DuPont's Mobility & Materials business and major sustainability initiatives. Earlier in her career, she held senior global manufacturing and operations leadership roles at Shell, Hess and ExxonMobil, with responsibility for refining, chemical manufacturing, safety, operational performance and downstream strategy. She currently serves on the boards of Norfolk Southern, Cencora and Eaton and holds a Bachelor of Science in Chemical Engineering from Iowa State University.
IP CEO and Chairman of the Board Andy Silvernail said, "Lori and Katherine each bring exceptional leadership experience and a proven ability to help guide organizations through complexity and change. Lori brings deep operational expertise and public company leadership experience, while Katherine brings a distinguished investment background and thoughtful governance perspective. The strategic insight and experience they each offer will strengthen our Board and support the company's continued transformation."
In addition, two directors plan to retire from serving on IP's board of directors at the end of 2026: Dr. Kathryn Sullivan, who has served on the IP board since 2017, and Ahmet Dorduncu, who has served on the IP board since 2011.
Silvernail shared, "I would also like to thank Kathy and Ahmet for their service and the many contributions they have made to International Paper throughout their time on our Board and wish them all the best in their future endeavors."
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against The Ensign Group, Inc. ("Ensign" or the "Company") (NASDAQ: ENSG).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are an Ensign investor and have suffered losses, or if you have information that could assist in the Ensign investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
On June 8, 2026, Hunterbrook Media published a report entitled "Ensign: The Nursing Home Empire Built On Fatal Neglect." The report alleges that "Ensign's business model relies on delivering inadequate care to patients while gaming data on quality, according to Hunterbrook's five-month investigation." The report further alleges "[f]ormer employees in different states described systematic misrepresentations."
Following this news, the price of Ensign stock fell $13.88 per share, or 8.15%, to close at $156.42 per share on June 8, 2026.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this investigation, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Key Takeaways NRG expanded its Texas fleet by 456 MW and is developing plants at Greens Bayou and Cedar Bayou.The company doubled generation capacity to about 25 GW by acquiring 13 GW of natural gas assets. NRG signed 445 MW of data center power deals and is targeting more than 1 GW of additional contracts. NRG Energy (NRG - Free Report) benefits from an expanding generation fleet, positioning the company to capitalize on rising electricity demand and tightening power markets. Its growing capacity can support higher power sales, strengthen margins and create new earnings opportunities.
On June 10, 2026, NRG announced the expansion of its Texas generation fleet to meet rising electricity demand by adding 456 megawatts (MW) at T.H. Wharton and developing new plants at Greens Bayou and Cedar Bayou. The project strengthens NRG’s position in the fast-growing Texas power market and creates opportunities to benefit from rising electricity demand.
In January 2026, NRG completed the acquisition of 13 gigawatts (GW) of natural gas generation assets, doubling its generation capacity to approximately 25 GW. The acquisition added 18 flexible natural gas facilities across Texas and the Northeast. This expanded fleet can help the company serve growing demand while benefiting from potentially stronger power prices. NRG also partners with Sunrun to expand Texas distributed energy solutions, adding dispatchable capacity and advancing its goal of developing a 1 GW virtual power plant by 2035.
The company’s growing fleet also creates opportunities to serve large commercial customers. NRG has signed 445 MW of long-term data center power agreements and is targeting more than 1 GW of additional contracts through its Bring Your Own Power strategy.
Overall, NRG’s expanded generation platform, new Texas capacity and data center opportunities could support long-term earnings growth.
Robust Generation Portfolio Supports Utility GrowthA diversified generation portfolio spanning natural gas, nuclear, coal and renewables strengthen reliability and provides flexibility to meet growing electricity demand. This balanced mix also helps mitigate fuel-price volatility and supports stable earnings and sustainable long-term growth.
Duke Energy (DUK - Free Report) benefits from a diversified generation portfolio spanning natural gas, nuclear, coal, hydroelectric power and renewables. This balanced mix supports a reliable electricity supply, enhances operational flexibility and helps drive long-term earnings growth through fuel diversity.
Vistra Corp. (VST - Free Report) benefits from a diversified generation portfolio comprising natural gas, nuclear, coal, solar and battery storage assets. This broad asset mix enhances operational flexibility, supports rising electricity demand and strengthens the company’s potential for sustainable long-term earnings growth.
The Zacks Rundown on NRGNRG’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 9.67% and 27.89%, respectively.
Image Source: Zacks Investment Research
NRG’s Returns on Equity (ROE)NRG Energy's trailing-12-month ROE is 70.67%, ahead of the industry average of 11.21%.
Image Source: Zacks Investment Research
NRG’s Stock Price PerformanceIn the past month, the company’s shares have plunged 3.1% against the industry’s 2.2% growth.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 17, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 — a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 — well below the $19.00 IPO price — causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305471
Source: Faruqi & Faruqi LLP
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New York, New York--(Newsfile Corp. - July 17, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against CommVault Systems, Inc. (NASDAQ: CVLT) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired CommVault securities between April 29, 2025 and January 26, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/CVLT.
CommVault Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
Defendants provided investors with misleading guidance and projections regarding CommVault's anticipated annual recurring revenue ("ARR") growth for fiscal year 2026, including projections related to new net ARR growth; Defendants simultaneously disseminated overly positive statements while concealing material adverse facts concerning the true state of the Company's ARR growth environment; Defendants knew or recklessly disregarded that the Company's ARR growth guidance failed to properly account for critical variables, including the type of sales driving ARR performance; and as a result, Defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis and were materially false and misleading at all relevant times.What's Next for CommVault Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/CVLT, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in CommVault you have until July 17, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to CommVault Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for CommVault Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") today announced the upcoming 10th anniversary of its Music, Sports and Entertainment Group. Founded in 2016 by Music Finance leader Andrew Kintz in Nashville and joined in 2020 by Miami-based Alex Hernandez, the specialty division has expanded to a collaborative team of more than 20 industry experts, strategically located in Miami, Atlanta and its Nashville headquarters, serving clients coast to coast.
Pictured (L-R): Ben James, Senior Vice President and Managing Director, Music, Sports and Entertainment Group for First Horizon Bank; Andrew Kintz, Executive Vice President, Music, Sports and Entertainment Group for First Horizon Bank; Bryan Bolton, Senior Vice President and Managing Director, Music, Sports and Entertainment Group for First Horizon Bank. Photo: Courtesy of First Horizon Bank The current leadership team comprises three industry veterans dedicated to supporting Music, Sports and Entertainment companies and individuals, with a blend of deep experience and full-service capabilities guided by Nashville-based executive Kintz. His leadership and client-first approach continue to drive the group's exposure and momentum with owners and decision makers at the industry's largest and most respected firms.
Based in Nashville, Managing Director Bryan Bolton brings more than 20 years of music banking experience. He joined First Horizon in August 2016 to assist Kintz in expanding the Music Industry Group. Now marking its 10th anniversary, the group has grown into a specialty platform delivering consistent year-over-year growth. In 2024, Bolton was promoted to Managing Director of the music vertical. He remains focused on strengthening long-standing client relationships, pairing capital with counsel and helping clients plan with confidence.
Managing Director Ben James is based in Atlanta and leads the group's Atlanta and Coral Gables offices. With more than 24 years of banking experience, most spent serving music, sports and entertainment, he brings a client-focused mindset and practical expertise. He and his associates work with corporate and private banking clients, leveraging the group's specialty platform and First Horizon's full suite of capabilities to deliver tailored solutions and responsive service.
"Decades in this space have taught us relationships drive outcomes. With our combined leadership experience, we deliver tailored strategies and responsive service so our clients can focus on what they do best," said Andrew Kintz, EVP of Music, Sports and Entertainment for First Horizon. "Bryan Bolton and Ben James have brought strong leadership to our team, and we are proud of our accomplishments of the past decade and the role our group plays in the expansion strategy of First Horizon."
About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
More Power. Built for the Ride. The redesigned speakers deliver up to 200 watts, direct-fit installation, and Element Ready™ durability.
, /PRNewswire/ -- Rockford Fosgate, the leader in high-performance audio systems, is proud to announce the next generation of TMS 5x7 motorcycle speakers. Purpose-built for riders who demand clear, powerful sound on the open road, the new TMS 5x7 platform combines enhanced mids, deeper bass, ultra-clear highs, and rugged construction engineered specifically for the motorcycle environment.
Rockford Fosgate, the leader in high-performance audio systems, is proud to announce the next generation of TMS 5x7 motorcycle speakers. Designed to transform the on-bike listening experience, the next-generation TMS 5x7 speakers deliver a balanced sound profile that remains dynamic and detailed at speed. Long-throw woofers, a large voice coil, and an extended frequency range work together to produce high output and deep, extended low-end response, giving music greater impact without sacrificing clarity.
"Motorcycle audio has to deliver in an environment where wind, road noise, heat, moisture, and vibration are always part of the ride," said Wayne Connolly, Vice President of Product Development. "With the next-generation TMS 5x7 speakers, we focused on more usable output, stronger bass performance, and direct-fit integration, while maintaining the Element Ready™ durability riders expect from Rockford Fosgate."
Precision-tuned for real-world riding, the TMS 5x7 platform is engineered to keep vocals, instruments, and low-frequency content clear and controlled as listening levels rise. The extended operating range supports louder, more dynamic playback, while the long-throw woofer design helps create the deeper bass response riders can feel as well as hear.
Performance is backed by an increase in power handling. Delivering up to 200 watts - twice the power of the previous generation - the speakers are built for serious output. A heat-resistant motor structure and integrated radiator ring efficiently dissipate heat, helping maintain consistent, powerful sound during long rides and demanding high-volume use.
Installation is engineered to be as seamless as the performance upgrade. The speakers provide direct drop-in fitment for factory mounting locations, helping installers and riders complete a clean upgrade without unnecessary modification. Model-specific grilles for Road Glide and Street Glide applications support a factory-integrated appearance that looks as refined as the system sounds.
Built as part of Rockford Fosgate's Element Ready™ lineup, the next-generation TMS 5x7 speakers are designed to stand up to the realities of the road. Water, dirt, UV exposure, and motorcycle vibration are addressed through premium materials and durable construction selected for long-term reliability in changing weather, rough road conditions, and extended highway use.
Whether upgrading a factory system or building a complete high-performance motorcycle audio setup, the next-generation TMS 5x7 Speaker Series brings together stronger output, balanced response, straightforward fitment, and proven environmental protection. The result is a purpose-built speaker platform designed to keep music powerful, clear, and dependable mile after mile.
For more information visit: rockfordfosgate.com or visit an authorized dealer.
About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).
Key Takeaways CWT plans $627 million in 2026 and $667 million in 2027 for infrastructure upgrades.Cal Water's approved $1.45 billion plan allows annual revenues increases through 2028.CWT expects rate base growth above 11.1% annually, exceeding $3.2 billion by 2027. California Water Service Group (CWT - Free Report) is benefiting from strategic investments that support the upgrade and replacement of aging infrastructure. These investments focus on improving system reliability, enhancing water quality and boosting operational efficiency, thereby strengthening service delivery.
The company plans to invest $627 million in 2026 and $667 million in 2027, respectively, to support rate base expansion and sustainable long-term earnings growth. These investments strengthen infrastructure, support PFAS treatment, improve efficiency, enhance water system reliability and address quality requirements.
Recently, CWT’s subsidiary, Cal Water, received approval from the California Public Utilities Commission to invest $1.45 billion through 2027 in water quality, system reliability, power-outage resilience, cybersecurity and long-term water supply projects. The decision allows the company to increase annual revenues by $90.5 million in 2026, $43.2 million in 2027 and $48.9 million in 2028.
CWT expects infrastructure and other capital investments to support a more than 11.1% compound annual rate base growth, with the rate base projected to exceed $3.2 billion by 2027.
The company’s planned acquisition of water and wastewater systems could expand its customer base and create additional infrastructure investment opportunities. Overall, continued capital spending, regulatory support and rate-base growth could provide a strong foundation for sustainable earnings growth, although regulatory approvals, financing costs and execution risks remain important considerations.
Aging Water Utility Infrastructure Calls for UpgradesAs per the U.S Environmental Protection Agency, nearly $1.25 trillion will be needed over the next 20 years for water and wastewater infrastructure improvements. Aging water infrastructure creates investment opportunities as utilities replace old pipelines, upgrade treatment facilities and improve system reliability
American Water Works (AWK - Free Report) continues to invest in upgrading, expanding and maintaining its water and wastewater infrastructure. The company plans to spend $3.7 billion in 2026 and $19-$20 billion from 2026 through 2030 to support system reliability and long-term growth.
American States Water (AWR - Free Report) plans to invest $185-$225 million in 2026 to strengthen and improve infrastructure, support rate base growth and create long-term financial opportunities.
The Zacks Rundown on CWTCWT’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 19.07% and 7.03%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalCWT's debt-to-capital ratio currently stands at 50.29%, lower than the Zacks Utility- Water Supply industry’s 54.63%.
Image Source: Zacks Investment Research
CWT’s Stock Price PerformanceIn the past month, the company’s shares have risen 13.6% compared with the industry’s 8.6% growth.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Bloom Energy Corporation (“Bloom” or the “Company”) (NYSE: BE) on behalf of investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON BLOOM ENERGY CORPORATION (BE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On July 8, 2026, Hunterbrook published a report alleging, among ot.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Bloom Energy Corporation (“Bloom” or the “Company”) (NYSE: BE) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BLOOM ENERGY CORPORATION (BE), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On July 8, 2026, Hunterbrook published a report alleging, among other things, that despite the Company repeatedly claiming Bloom has “no China supply chain” and is “not dependent on China for scandium,” (the rare earth at the core of each Bloom fuel cell) “Bloom is, in fact, reliant on C5 Chinese scandium, according to global trade data, Chinese corporate filings, satellite imagery, and Hunterbrook’s messages with Bloom’s suppliers in China.”
On this news, Bloom’s stock price fell $15.28, or 5.7%, to close at $254.29 per share on July 8, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Bloom securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
July 17, 2026 15:18 ET | Source: Chino Commercial Bancorp
CHINO, Calif., July 17, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the second quarter ended June 30, 2026.
Net earnings for the second quarter of 2026 were $1.82 million, reflecting an increase of $279 thousand, or an increase of 18%, compared to the same period last year. Basic and diluted earnings per share were $0.47 for the second quarter of 2026, up from $0.40 for the same quarter in 2025. Net earnings increased year-to-date by $613 thousand, or 21% to $3.51 million, as compared to $2.89 million for the same period last year. Net earnings per share year-to-date was $0.91 for the period ending June 30, 2026, as compared with $0.75 for the same period last year, also a 21% increase. Earnings per share for the current and prior year were adjusted for the 20 percent stock dividend, which was payable to shareholders of record as of June 18, 2026.
Dann H. Bowman, President and Chief Executive Officer, stated “We are very pleased with the Bank’s performance year-to-date and during the second quarter of 2026, which set new records for total Assets, total Deposits, total Loans, Net Earnings, and total Capital. Loan quality also remains very strong, with the Bank having only two delinquent loans, and no additional loan loss provision during the second quarter”.
“The Bank’s Merchant Services Program continues to be one of the Company's fastest-growing business lines. For the quarter ending June 30, 2026, card processing sales volume increased by $5 million or 37% to $18 million, compared with $14 million for the same quarter last year. On a year-to-date basis through June 30, 2026, card processing sales volume increased by $10 million or 38% to $36 million, as compared to $26 million for the same period last year”.
Financial Condition
As of June 30, 2026, total assets were $519 million, representing an increase of $25 million, or 5%, over $494 million on December 31, 2025. Total deposits rose by $21.4 million, or 5.8%, to $391.6 million, up from $370.2 million on December 31, 2025. Core deposits accounted for 96.1% of total deposits as of June 30, 2026.
Gross loans increased by $21.5 million, or 9.7%, totaling $242.1 million as of June 30, 2026, compared to $220.6 million as of December 31, 2025. At the end of the second quarter, the Bank reported only two delinquent loans totaling $303 thousand, and three nonaccrual loans totaling $1.2 million. As of June 30, 2026, the Bank had no Other Real Estate Owned (OREO) properties.
Earnings
The Company reported net interest income of $4.4 million for the three months ending June 30, 2026, compared to $3.8 million for the same period in 2025. Average interest-earning assets were $442.9 million, while average interest-bearing liabilities totaled $245.6 million, resulting in a net interest margin of 3.94% for the second quarter of 2026. This compares favorably with the prior year’s second-quarter margin of 3.68%, based on average interest-earning assets of $414.6 million and average interest-bearing liabilities of $221.9 million.
Non-interest income totaled $929.0 thousand in the second quarter of 2026, a decrease of 2.69% compared to $1.01 million in the first quarter of 2025. Most of the decrease was driven by Service Charges and Fees and Deposit Accounts of $141.6 thousand to $385.6 thousand. The above decrease was partially offset by an increase in Merchant Servicing processing of $85.9 million to $264.7 million.
General and administrative expenses totaled $2.7 million for the three months ended June 30, 2026, compared to $2.7 million for the same period in 2025. The largest component of these expenses was salary and benefits, which amounted to $1.7 million in the second quarter of 2026 compared to $1.6 million for the same period last year. The Company’s core efficiency ratio decreased to 52.04% for the second quarter of 2026 compared to 55.25% for the same period last year. Mr. Bowman stated, “We continue to monitor our costs in the current inflationary environment”.
Income tax expense for the quarter was $712.6 thousand, reflecting an increase of $97.7 thousand, or 15.9%, compared to $614.9 thousand for the same period last year. The Company’s effective income tax rate was approximately 28.14% for the period ending June 30, 2026, and 28.53% for the same period last year.
Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties, including but not limited to, the health of the national and California economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology and gain efficiencies therefrom, and changes in interest rates, loan portfolio performance, and other factors.
Contact: Dann H. Bowman, President, or Glenn Scabet CFO, Chino Commercial Bancorp and Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, CA. 91710, (909) 393-8880.
Consolidated Statements of Financial Condition As of 6/30/2026 Jun-2026
Ending BalanceDec-2025
Ending BalanceAssets Cash and due from banks$62,127,445 $45,883,735 Cash and cash equivalents$62,127,445 $45,883,735 Fed Funds Sold$9,410 $10,433 Investment securities available for sale, net of zero allowance for credit losses$13,741,429 $11,545,192 Investment securities held to maturity , net of zero allowance for credit losses$179,151,462 $195,829,795 Total Investments$192,892,891 $207,374,987 Gross loans held for investments$242,052,000 $220,584,180 Deferred loan fees, net($498,309) ($483,539) Allowance for Loan Losses($5,199,505) ($4,915,464) Net Loans$236,354,186 $215,185,177 Stock investments, restricted, at cost$3,812,300 $3,662,000 Fixed assets, net$8,010,906 $8,117,396 Accrued Interest Receivable$1,667,621 $1,673,768 Bank Owned Life Insurance$8,856,965 $8,728,882 Other Assets$5,569,155 $3,527,089 Total Assets$519,300,879 $494,163,469 Liabilities Deposits Noninterest-bearing$189,782,502 $181,348,771 Interest-bearing$201,822,646 $188,819,543 Total Deposits$391,605,148 $370,168,314 Federal Home Loan Bank advances$0 $0 Federal Reserve Bank borrowings$60,000,000 $60,000,000 Subordinated debt$10,000,000 $10,000,000 Subordinated notes payable to subsidiary trust$3,093,000 $3,093,000 Accrued interest payable$203,509 $133,875 Other Liabilities$2,062,580 $2,022,314 Total Liabilities$466,964,237 $445,417,503 Shareholder Equity Common Stock **$10,502,558 $10,502,558 Retained Earnings$43,410,831 $39,905,329 Unrealized Gain (Loss) AFS Securities($1,576,748) ($1,661,921) Total Shareholders' Equity$52,336,641 $48,745,966 Total Liab & Shareholders' Equity$519,300,879 $494,163,469 ** Common stock, no par value, 10,000,000 shares authorized and 3,854,364 shares issued and outstanding at 6/30/2026 and 12/31/2025 Consolidated Statements of Net Income As of 6/30/2026 Jun-2026
QTD BalanceJun-2025
QTD BalanceJun-2026
YTD BalanceJun-2025
YTD Balance Interest Income Interest & Fees On Loans$3,973,170$3,373,949 $7,834,994$6,695,566 Interest on Investment Securities$1,837,689$1,776,975 $3,757,206$3,479,765 Other Interest Income$142,504$176,702 $322,269$433,028 Total Interest Income$5,953,363$5,327,626 $11,914,469$10,608,359 Interest Expense Interest on Deposits$1,103,727$1,255,426 $2,190,076$2,445,727 Interest on Borrowings$499,262$273,228 $908,151$743,147 Total Interest Expense$1,602,989$1,528,654 $3,098,227$3,188,874 Net Interest Income$4,350,374$3,798,972 $8,816,242$7,419,485 Provision For Loan Losses$0($2,622) $273,337$8,082 Net Interest Income After Provision for Loan Losses$4,350,374$3,801,594 $8,542,905$7,411,403 Noninterest Income Service Charges and Fees on Deposit Accounts$385,628$527,202 $806,860$1,033,560 Interchange Fees$118,313$110,482 $228,564$216,951 Earnings from Bank-Owned Life Insurance$65,547$60,373 $128,082$118,647 Merchant Services Processing$264,685$178,751 $506,808$320,047 Other Miscellaneous Income$94,830$134,621 $146,502$177,814 Total Noninterest Income$929,003$1,011,429 $1,816,816$1,867,019 Noninterest Expense Salaries and Employee Benefits$1,691,358$1,632,294 $3,485,644$3,220,764 Occupancy and Equipment$222,258$219,906 $434,606$401,359 Merchant Services Processing$129,020$69,552 $246,780$146,593 Other Expenses$704,879$736,190 $1,315,085$1,466,453 Total Noninterest Expense$2,747,515$2,657,942 $5,482,115$5,235,169 Income Before Income Tax Expense$2,531,862$2,155,080 $4,877,605$4,043,251 Provision For Income Tax$712,588$614,855 $1,372,103$1,150,750 Net Income$1,819,274$1,540,225 $3,505,502$2,892,501 Basic earnings per share$0.47$0.40 $0.91$0.75 Diluted earnings per share$0.47$0.40 $0.91$0.75 Financial Highlights As of 6/30/2026 Jun-2026
QTDJun-2025
QTDJun-2026
YTDJun-2025
YTD Key Financial Ratios Annualized Return on Average Equity 14.24% 13.85% 14.00% 13.28% Annualized Return on Average Assets 1.55% 1.40% 1.51% 1.32% Net Interest Margin 3.94% 3.68% 4.04% 3.59% Core Efficiency Ratio 52.04% 55.25% 51.56% 56.37% Net Chargeoffs/Recoveries to Average Loans -0.00% -0.00% -0.01% -0.00% 3 month ended
Jun-2026
QTD Avg3 month ended
Jun-2025
QTD AvgJun-2026
YTD AvgJun-2025
YTD Avg Average Balances (thousands, unaudited) Average assets$471,326 $440,184 $468,154 $442,199 Average interest-earning assets$442,934 $414,576 $439,714 $416,766 Average interest-bearing liabilities$245,555 $221,881 $241,707 $226,466 Average gross loans$240,180 $206,619 $233,710 $207,296 Average deposits$369,474 $369,282 $370,986 $363,382 Average equity$51,257 $44,617 $50,479 $43,924 Jun-2026
QTDDec-2025
YTD Credit Quality Non-performing loans$1,180,393 $707,106 Non-performing loans to total loans 0.49% 0.32% Non-performing loans to total assets 0.23% 0.14% Allowance for credit losses to total loans 2.15% 2.23% Nonperforming assets as a percentage of total loans and OREO 0.49% 0.32% Allowance for credit losses to non-performing loans 440.70% 695.15% Other Period-end Statistics Shareholders equity to total assets 10.08% 9.86% Net Loans to Deposits 60.36% 58.13% Non-interest bearing deposits to total deposits 48.46% 48.99% Company Leverage Ratio 12.09% 11.70% Core Deposits / Total Deposits 96.10% 96.96%
The most viewed coin on CoinGecko today is not Bitcoin, not Ethereum, and not a meme. It is Zano, a $9.94 privacy coin most traders could not have named a month ago. The reason it is there has a lot to do with Zcash, whose monster run this month sent the whole market hunting for the next privacy play. Before anyone buys a coin because it is trending, it helps to know what the thing actually is. That is what this guide is for.
Zano (ZANO) trades at $9.94 as of July 17, 2026, up 2.1% on the day, per CoinGecko, sitting first on the platform’s most-viewed list and inside the trending list at the same time. What follows is the plain-language version of what it does, why it exists, and what the honest risks are.
What Is Zano, in one paragraph Zano is an open-source layer-1 blockchain where privacy is the default, not a feature you switch on. Every transaction hides the sender, the receiver, the amount, and even which asset was transferred; an outside observer can only see that a transaction happened. This is enforced at the protocol level. Where Bitcoin is a glass ledger and most “privacy tools” are curtains you can choose to draw, Zano is built windowless from the foundation up.
Where it came from Zano descends from the CryptoNote lineage, the same cryptographic family that produced Monero, and it uses the classic toolkit of that school: ring signatures to obscure senders, stealth addresses generated fresh for every payment, and confidential transactions that hide amounts. What separates it from its ancestors is ambition. Zano is not positioned as just a private currency; it is a private platform, a base layer where developers can issue their own tokens and build applications that inherit the chain’s confidentiality automatically.
How it works: the four pieces that matter Privacy by default. Nothing to configure, no optional mixing, no opt-in shielded pool. Every ZANO is identical to every other, which gives the coin true fungibility: no unit carries a traceable history that an exchange or chain-analysis firm could flag or blacklist.
Hybrid consensus. Zano alternates Proof of Work and Proof of Stake blocks. An attacker would need to dominate both hashpower and stake simultaneously, so no single attack vector is sufficient. The staking side got its signature upgrade in the Zarcanum hardfork, which introduced something genuinely novel: the first Proof of Stake implementation with hidden amounts. You can stake without revealing how much you hold, extending privacy past transactions into consensus itself.
Confidential Assets. Anyone can issue tokens on Zano, and those tokens inherit the full privacy stack: hidden addresses, hidden amounts, hidden asset type. In practice this means private stablecoins, shielded versions of existing assets, and privacy-native project tokens, all without launching a separate blockchain. The chain’s built-in exchange, Zano Trade, uses a mechanism called Ionic Swaps for peer-to-peer trading where neither side gains an information advantage.
Selective transparency. For the situations where privacy is a problem rather than a solution, Zano offers auditable wallets: opt-in transparent wallets a business can use to prove balances to an auditor or counterparty, without weakening privacy for anyone else on the network. The project’s stated position on backdoors for authorities is a flat no; auditability is offered as the compliant alternative.
Smaller conveniences round it out: on-chain aliases (human-readable @names tied to addresses at the protocol level) and built-in TOR support in the wallet.
The tokenomics: a very small door Here is the number that explains Zano’s price behavior more than any feature list: the circulating supply is tiny, roughly 13 to 14 million coins per recent public data. At $9.94 that implies a market cap somewhere near $140 million, small-cap territory, and the float that actually trades is thinner still, spread across tier-2 exchanges rather than the majors. Small float plus sudden attention is a recipe for violent moves in both directions. The coin’s all-time high near $18.18, set in 2025, stands a little under double today’s price, and the road between here and there was never smooth.
Why is Zano trending right now? The honest answer: rotation. Zcash’s rally to above $500 this month, which our Zcash coverage tracked as the strongest large-cap move on the board, put the privacy narrative back at the center of the market. When a sector’s flagship reprices that hard, traders immediately go hunting down the shelf for the smaller names that have not moved yet, and Zano, as a technically respected privacy L1 with a microscopic float, is a natural candidate for that search. Most-viewed status measures curiosity, not commitment. Whether the lookers become buyers is precisely what the next weeks decide, and nothing obligates them to.
The honest risks Every privacy coin carries the same regulatory sword: exchange delistings and compliance pressure arrive without warning and without respecting charts, the exact gap risk we flag on every Zcash update. Zano adds three of its own. Its liquidity lives on second-tier venues, meaning exits get expensive exactly when everyone wants one. Its float is small enough that single large holders can move the price materially. And trend-driven attention, the thing lifting it today, is the least loyal force in crypto; coins have topped the most-viewed list on the way to both doublings and halvings. None of this is a verdict. All of it belongs in the decision.
Bottom Line Zano is one of the more technically serious projects in the privacy corner: default confidentiality, hidden-amount staking, private asset issuance, and a deliberate answer to the compliance question. It is also a sub-$150 million coin on thin exchanges, trending because its sector’s big brother went vertical. Learn it for what it is, a private financial base layer with real engineering, and size any position for what it also is, a small-cap riding a narrative. Both descriptions are true at once. They usually are.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is Zano in simple terms? Zano is a layer-1 blockchain where every transaction is private by default: sender, receiver, amount and asset type are all hidden at the protocol level. It also lets developers issue private tokens and build apps on the same chain.
Is Zano like Monero? They share the CryptoNote cryptographic lineage and core privacy tools. Zano differs by being a platform for confidential assets and apps, using hybrid PoW/PoS consensus, and offering hidden-amount staking via its Zarcanum upgrade.
Can you stake Zano? Yes. Zano's Proof of Stake component supports staking with hidden amounts, meaning you can earn staking rewards without publicly revealing the size of your holdings.
Why is Zano trending today? Zano topped CoinGecko's most-viewed list at $9.94 on July 17, 2026, amid a broad rotation into privacy coins following Zcash's rally above $500 this month.
What is Zano's all-time high? About $18.18, set in 2025, a little under double the current price.
Is Zano a good investment? Zano combines serious privacy engineering with small-cap risks: thin liquidity on tier-2 exchanges, a very small float, and the regulatory pressure all privacy coins face. Treat it as high-risk speculation and verify current data before any decision.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Zano, a privacy-centric blockchain that has been quietly building since 2019, just pulled the curtain back on Zenith, a new consensus protocol that will move the entire network from its hybrid proof-of-work/proof-of-stake setup to a pure proof-of-stake model.
The announcement, made on July 16, positions Zenith as the most significant architectural change in Zano’s history. A full network transition is targeted for 2027, with no specific activation date locked in yet. In the meantime, the project has a more immediate milestone on the calendar: Hard Fork 6, expected to activate around August 25-27, which will introduce new gateway addresses to the ecosystem.
What Zenith actually changes Zenith cuts target block time from 60 seconds down to approximately 15 seconds. Recommended confirmations drop from 10 to just 4-6, which means typical confirmation times land somewhere in the 60- to 90-second range.
First, all transaction fees will be burned. Not partially redistributed to validators, not sent to a treasury. Burned. Every fee paid on every transaction gets permanently removed from the circulating supply.
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Second, the protocol is moving to a lower block reward emission schedule. Validators will still earn rewards for producing blocks, but those rewards will be smaller than what miners and stakers received under the hybrid model.
Third, Zenith introduces what the team calls “ephemeral blocks” to optimize chain size and efficiency, designed to prevent the blockchain from bloating as transaction volume increases.
Privacy stays private Zano solved the challenge of private staking with Zarcanum, a protocol the team developed that enables fully private staking. Stake amounts remain hidden, and block production is non-linkable, meaning observers cannot connect a specific validator to a specific block. Zenith builds directly on top of this foundation, so the transition to pure PoS does not compromise any of the privacy guarantees that already exist.
The project has been working on this in collaboration with Common Prefix, a blockchain research and development firm.
The broader context for privacy chains Zano’s mainnet launched in 2019 with a hybrid consensus model that let users both mine and stake. The shift to pure PoS simplifies that architecture, removing two consensus mechanisms, two potential attack vectors, more complicated upgrade paths, and higher overhead for node operators.
What this means for investors The combination of burned transaction fees and reduced block rewards creates a dual supply reduction mechanism. Moving entirely off proof-of-work also eliminates the energy-intensive mining component.
The Hard Fork 6 activation in late August will serve as an immediate proving ground for the team’s ability to execute network upgrades on schedule, with gateway addresses being introduced as the primary change in that fork.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Independent Bank Corp. (INDB) Q2 2026 Earnings Call July 17, 2026 10:00 AM EDT
Company Participants
Jeffrey Tengel - President, CEO & Director
Mark Ruggiero - Chief Financial Officer
Conference Call Participants
Justin Crowley - Piper Sandler & Co., Research Division
David Konrad - Keefe, Bruyette, & Woods, Inc., Research Division
Stephen Moss - Raymond James & Associates, Inc., Research Division
Laura Havener Hunsicker - Seaport Research Partners
Matthew Breese - Stephens Inc., Research Division
Jared David Shaw - Barclays Bank PLC, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Independent Bank Corp. Second Quarter 2026 Earnings Call. Joining me on today's call is Jeff Tengel, CEO, and Mark Ruggiero, CFO. [Operator Instructions]
Before proceeding, please note that during this call, we will be making forward-looking statements. Actual results may differ materially from these statements due to a number of factors, including those described in our earnings release and other SEC filings. We undertake no obligation to publicly update any such statements. In addition, some of our discussion today may include references to certain non-GAAP financial measures. Information about these non-GAAP measures, including reconciliation to GAAP measures, may be found in our earnings release and other SEC filings. These SEC filings can be accessed via the Investor Relations section of our website.
Finally, please note that this event is being recorded. I would now like to turn the conference over to Jeff Tengel, CEO. Please go ahead.
Jeffrey Tengel
President, CEO & Director
Thank you. Good morning, and thanks for joining us today. I'm accompanied this morning by CFO and Head of Consumer Lending, Mark Ruggiero. Before we discuss our quarterly results, I wanted to share an update on my health. We released an 8-K in February, disclosing that I had been diagnosed with non-Hodgkin's Lymphoma. I'm happy to report that I have finished my treatments
The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of inflation. The GBP/USD trades at 1.3449 after peaking near 1.3480. Read More...
GBP/USD Price Forecast: British Pound extends weakness in process of UK leadership changeThe British Pound (GBP) extends its decline against the US Dollar (USD) for the second straight day on Friday, trading 0.4% lower to near 1.3427 during the European trading session on Friday. The GBP/USD pair faces selling pressure as the British currency weakens amidst the process of the United Kingdom (UK) leadership change. Read More...
British Pound weakens as US Dollar advances on rising risk aversionGBP/USD extends its losses for the second successive day, trading around 1.3460 during the Asian hours on Friday. The currency pair underperforms as the US Dollar (USD) draws safe-haven support from intensifying geopolitical conflicts in the Middle East, just ahead of the preliminary Michigan Consumer Sentiment Index for July. Read More...
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Peabody Energy To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Peabody Energy between October 14, 2024 and May 4, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York--(Newsfile Corp. - July 17, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Peabody Energy Corporation ("Peabody Energy" or the "Company") (NYSE: BTU) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy's Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Peabody Energy's securities at artificially inflated prices.
On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine's expected first quarter 2026 output, announcing that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to "greater-than-anticipated mine commissioning challenges" (compared to previous estimates of around 700,000 tons). On this news, Peabody Energy's stock price fell $3.82, or approximately 9.7%, to close at $35.68 per share on March 30, 2026.
On May 5, 2026, Peabody Energy issued a press release disclosing the Company's failure to ramp-up Centurion by the long-awaited March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease, reducing the full year sales outlook for Centurion to 2.5 million tons compared to the original expectation of 3.5 million tons. On this news, Peabody Energy's stock price fell $1.52, or 5.7%, to close at $25.00 per share on May 5, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Peabody Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Peabody Energy class action, go to www.faruqilaw.com/BTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Peabody Energy Securities Class Action Lawsuit:
What is the Peabody Energy securities fraud lawsuit about?
The lawsuit alleges that Peabody Energy Corporation (NYSE: BTU) and certain of its officers and directors made materially false and misleading statements and/or concealed material adverse facts concerning the true condition of the Company's Centurion mine, including the nature and severity of issues allegedly causing delays to its ramp-up and return to full longwall production. The complaint alleges that, throughout the Class Period, defendants provided investors with overwhelmingly positive statements about the Centurion mine while purportedly withholding information about the multitude of operational challenges affecting it. These allegedly false and misleading statements are said to have caused investors to purchase Peabody Energy securities at artificially inflated prices. The inflation in the stock price allegedly began to correct when Peabody Energy disclosed, on March 30, 2026, that first quarter 2026 output from the Centurion mine was expected to reach only approximately 250,000 tons — well below prior estimates of approximately 700,000 tons — due to "greater-than-anticipated mine commissioning challenges," and further when the Company disclosed on May 5, 2026 that it had failed to ramp up the mine by its March 2026 deadline and cut its full-year sales outlook for Centurion from 3.5 million tons to 2.5 million tons.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired Peabody Energy Corporation (NYSE: BTU) securities on the NASDAQ between October 14, 2024 and May 4, 2026, inclusive, may be eligible to participate in this lawsuit as members of the proposed class. Eligibility to participate is not limited to investors who seek appointment as lead plaintiff; any qualifying class member may share in any recovery that may ultimately be obtained. Investors who purchased Peabody Energy securities during the Class Period and suffered losses are encouraged to review their transaction records to determine whether they fall within the defined class. Participation in a class action does not require that an investor take any individual legal action or incur separate legal fees to potentially benefit from any recovery achieved on behalf of the class.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including making key decisions regarding litigation strategy and the selection of lead counsel. Any class member who purchased Peabody Energy securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff, and courts typically appoint the movant with the largest financial interest in the outcome of the litigation who otherwise satisfies applicable legal requirements. The deadline to file a motion seeking appointment as lead plaintiff is August 24, 2026. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in the class and share in any recovery that may result from the litigation — class members who do not serve as lead plaintiff retain the ability to benefit from any settlement or judgment.
What should investors do if they purchased Peabody Energy stock during the Class Period?
Investors who purchased Peabody Energy Corporation (NYSE: BTU) securities between October 14, 2024 and May 4, 2026, inclusive, are encouraged to promptly review their brokerage records and account statements to confirm the dates and prices at which they acquired and, if applicable, sold their shares. Investors should take steps to preserve all relevant documentation, including transaction confirmations, account statements, and any communications relating to their Peabody Energy holdings, as such records may be relevant to establishing eligibility and calculating losses. Given that the lead plaintiff motion deadline is August 24, 2026, investors wishing to be considered for appointment as lead plaintiff should act well in advance of that date. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their legal rights and options before the deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Peabody Energy securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305467
Source: Faruqi & Faruqi LLP
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LINCOLN, Neb., July 17, 2026 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2026, after the close of the New York Stock Exchange on Thursday, August 6, 2026. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Brain (BRAIN), a new memecoin developed on the Base blockchain, experienced a remarkable surge after Coinbase CEO Brian Armstrong changed his social media profile picture. Investors interpreted Armstrong’s move as indirect support for the project, causing the token’s price to rise sharply in a short time, with its market capitalization briefly exceeding $30 million.
According to market data, BRAIN’s total market capitalization later declined slightly, stabilizing at approximately $20.14 million. Despite this, the token achieved one of the most remarkable performances of the day, gaining over 3,800% in value in the last 24 hours.
The main reason for the rise is said to be Coinbase CEO Brian Armstrong changing his profile picture on social media to an image resembling the Brain token’s symbol.
Despite the lack of an official statement of support, investors viewed this change as a positive signal. In the cryptocurrency market, particularly for memecoin projects, social media interactions and posts by well-known figures can have a significant impact on price movements.
Brain is among the projects using the new B20 token standard introduced with the latest update to the Base network. This technical infrastructure aims to facilitate the development of next-generation token projects within the Base ecosystem.
According to on-chain data, there are approximately 8,850 wallet addresses holding the BRAIN token. Furthermore, it’s noted that 12.68% of the supply is held in the top 10 wallets. This distribution indicates a relatively concentrated ownership structure for the token.
Analysts emphasize that such sharp increases in the memecoin market involve high volatility and significant price fluctuations can occur in a short period. According to experts, price movements originating from social media may not necessarily signify a lasting increase in value. Therefore, investors should consider the project’s technical infrastructure, liquidity, and risk factors before making transactions, rather than solely relying on popularity or speculation.
*This is not investment advice.
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Americké akciové trhy poklesly druhým dnem v řadě, a tak zaznamenaly první týdenní ztrátu v tomto měsíci. Index S&P 500 ztratil procento, zatímco technologický Nasdaq 100 odepsal dokonce 1,5 %.
Článek se odemkne 17.07.2026 23:01
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New York, New York--(Newsfile Corp. - July 17, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against AeroVironment, Inc. (NASDAQ: AVAV) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/AVAV.
AeroVironment Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; accordingly, Defendants overstated AeroVironment's business and financial prospects; and as a result, Defendants' public statements were materially false and misleading at all relevant times.What's Next for AeroVironment Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/AVAV, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in AeroVironment you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to AeroVironment Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for AeroVironment Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299089
Source: Bronstein, Gewirtz & Grossman, LLC
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New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) on behalf of investors that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in AeroVironment and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than July 27, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On January 20, 2026, before markets opened, the Company reported in an 8-K filing with the Securities and Exchange Commission that "upon mutual agreement" of AeroVironment and the U.S. Government, "the U.S. Government issued a stop work order on the Company's Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource ("SCAR") program." According to the filing, "[t]he stop work order allows for the parties to negotiate an amended agreement for the future of the SCAR program under new requirements for the program, which amendment is expected to be a firm-fixed price agreement. The Company expects to continue to deliver capabilities and products for the SCAR program."
Following this news, the price of AeroVironment stock declined $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.
On March 10, 2026, after market, AeroVironment issued a press release, announcing third quarter 2026 financial results. The Company reported "operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025." According to the complaint, "[t]hese financial results reflected the impact of a $151.3 million goodwill impairment in the Company's space division after the stop work order on the Company's BADGER systems built for the SCAR program." Additionally, according to the complaint "AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to 'recompete' for the SCAR program."
Following this news, the price of AeroVironment stock fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026.
The complaint alleges, among other things, that throughout the Class Period, "Defendants made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times."
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) on behalf of all persons or entities who purchased PicS Class A common stock in and/or traceable to PicS' initial public offering ("IPO") on or around January 30, 2026.
CLICK HERE TO JOIN THE CASE
If you are an investor in PicS and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 4, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On or around January 30, 2026, PicS concluded its IPO, selling approximately 22.9 million shares of Class A common stock at $19 per share.
On March 19, 2026, less than three months after the IPO, PicS released its fourth quarter and full year 2025 financial results, which ended December 31, 2025 - before the IPO. The Company revealed that in December 2025, as part of the Company's "annual review of expected credit loss parameters," the Company had "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 million in the quarter." Stage 3 is the Company's highest risk category for its credit portfolio, or "credit impaired."
On March 19, 2026, the price of PicS shares fell $3.56 per share, or 22.5%, to close at $12.27 per share.
The complaint alleges, among other things, that in connection with the IPO, Defendants made false and/or misleading statements and/or failed to disclose that "(a) that PicS had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (b) that, as a result of the new procedures the Company had implemented in December 2025, PicS had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (c) that PicS had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the Offering Documents; (d) that the Offering Documents had materially overstated the quality and ability of the Company's credit models and user data to inform the Company's underwriting practices and to allow PicS to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (e) that PicS suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS to continue to worsen following the IPO, materially impairing the Company's business, operations, and financial results."
The complaint alleges that as of June 4, 2026, PicS Class A common stock fell to a low of less than $9 per share, representing a more than 50% decline from the $19 per share IPO price.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against BitGo Holdings, Inc. ("BitGo" or the "Company") (NYSE: BTGO) on behalf of all persons or entities who purchased or acquired: (a) BitGo Class A common stock in and/or traceable to BitGo's January 22, 2026 initial public offering ("IPO"); and/or (b) BitGo securities between January 22, 2026 and May 13, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in BitGo and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 7, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On or around January 22, 2026, BitGo conducted its IPO, selling 11,821,595 shares of Class A common stock at the offering price of $18 per share.
On March 26, 2026, BitGo issued a press release announcing its fourth quarter and full year 2025 financial results. The Company reported a net loss of $14.8 million for 2025, compared to $156.6 million in net income for 2024, a quarterly margin of 0.21% in its Digital Asset Sales segment, compared to a quarterly margin of 0.47% in the prior year. BitGo stated that the change in its annual net loss was "materially driven by declines in digital asset prices impacting the Company's Bitcoin treasury."
Following this news, the price of BitGo stock fell $1.43 per share, over 15.71%, to close at $7.67 per share on March 27, 2026.
Then, on May 13, 2026, BitGo issued a press release announcing its first quarter 2026 financial results. The Company reported a net loss of $60.7 million, compared to a net loss of $25.7 million in the same quarter one year earlier, stating that its quarterly net loss "was primarily driven by non-cash mark-to-market impacts related to the Company's Bitcoin treasury, as well as elevated IPO-related stock-based compensation expense."
Following this news, the price of BitGo stock fell $2.05 per share, over 17.2%, to close at $9.86 per share on May 14, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Defendants understated the scope and severity of the risk that declining digital asset prices posed to Company's business and financial performance; (ii) consequently, Defendants' statements regarding, inter alia, BitGo's financial performance and business prospects lacked a reasonable basis; and (iii) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and/or failed to state information required to be stated therein.
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Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
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You reach for the blue-and-yellow can because you know it works. It’s the sound of a stuck door finally swinging open. For decades, WD-40 (WDFC 2.95%) has turned a single chemical formulation into a global default, yet the company is no longer just a household novelty. It has evolved into a disciplined, focused maintenance-products operator, trading at $248.73 per share as of July 17, 2026, reflecting a 13% return over the past year.
Our proprietary Hidden Gems scoring system assigns WD-40 an overall Superscore of 79 out of 100, placing it in the Strong category.
The Superscore is an AI-powered score that evaluates a company's overall strength by combining financial performance, product market position, technological capabilities, leadership quality, and relative valuation. It represents the unification of all our scores into a single score for public companies, with five rating bands: Exceptional (90-100), Strong (75-89), Above Average (60-74), Average (40-59), and Cautious (0-39).
Why WD-40 Has a 79 SuperscoreMaintenance product dominance: 97% of total net sales in Q3 2026 came from its maintenance portfolio, proving that the company successfully concentrated its resources on its highest-value business segment.Robust margin expansion: The company reported a gross margin of 56.6% in Q3 2026, reflecting the operational benefits of its shift toward premium maintenance products and away from lower-margin homecare assets.Disciplined strategic pivot: Management divested non-core EIMEA homecare assets to sharpen focus on high-margin growth, a move that directly contributed to a 24% year-over-year revenue increase in Q3 2026.Protected product moat: The company relies on trade secret protections for its flagship formulation, creating a durable competitive barrier that standard patent law cannot replicate.Strong earnings momentum: Non-GAAP adjusted diluted EPS grew 51% year over year in Q3 2026, confirming that management’s focus on the maintenance niche is driving significant bottom-line leverage.Why Is WD-40's Superscore Not Higher?Stretched valuation: The stock trades at a trailing P/E of 37.7, a multiple that assumes significant future growth, leaving the stock vulnerable if quarterly results deviate from high expectations.Input cost sensitivity: The company faces persistent pressure from volatile raw material and commodity prices, which can compress gross margins even if sales volumes remain steady.Growth reliance: Because the company has pruned its portfolio, it must consistently deliver organic volume growth in its core maintenance line to justify its current market valuation.Hidden Gems Database Scores at a GlanceScoreScore (out of 100)Supporting Data PointProduct (1Y)86Divestiture of non-core homecare assets and focus on high-margin maintenance products has driven immediate, outsized profitability.Product (5Y)78Consistent 6.2% revenue CAGR from 2021 to 2025 demonstrates long-term brand durability and steady geographic expansion.Financial (1Y)78The company maintained a strong gross margin of 56.6% in Q3 2026, indicating successful pricing power.Financial (5Y)78Disciplined capital allocation has kept debt-to-equity ratios low, with consistent return on invested capital reaching 24.7% in 2025.Leaders80Management provides data-dense, transparent communication and clear guidance, successfully managing market expectations through strategic pivot announcements.AI18The business model relies on physical goods and traditional distribution, offering no proprietary digital leverage in an agentic, data-driven economy.Valuation Risk52The stock trades at a trailing P/E of 37.35, which is high compared to broader consumer staples sector benchmarks.Who Should Buy WD-40 Stock Now?You should consider investing if...
You seek a durable compounder with a defensive brand, though investors looking for steady exposure to the broader materials sector might also consider alternatives like materials sector stocks for portfolio balance.You value companies that prioritize shareholder returns through consistent dividend payments and disciplined share repurchases.You may want to avoid this stock if...
You are uncomfortable with a premium valuation, as the current trailing P/E of 37.7 leaves little margin for operational error.You are sensitive to cyclical volatility in commodity costs, which can periodically pressure margins despite the company’s strong brand position.The Superscore provides a data-driven foundation for your research, but you should always weigh these metrics against your personal risk tolerance and financial goals before deciding to invest.
My 5-year prediction for WD-40 stockThe blue-and-yellow can has been fixing squeaky hinges since 1953. It will probably still be fixing them in 2031. The question is whether shareholders will have much to show for it.
The company's financial efficiency is genuinely impressive: a 33% return on invested capital, 55% gross margins, and a conservative balance sheet with a debt-to-equity ratio of 0.41. These are the hallmarks of a well-run business. But operational excellence alone does not guarantee stock appreciation.
WD-40 has trailed the S&P 500 over the past five years, and the setup for the next five looks... familiar. Analysts expect earnings to dip this year before resuming long-term growth in the low single digits.
Two structural headwinds deserve attention. First, WD-40 operates in a commoditized category where store-brand alternatives and specialized competitors crowd the same shelf space. Brand loyalty matters, but side-by-side performance tests reveal that many lubricants deliver similar results at lower prices. Second, the electric vehicle transition poses a long-term demand question. Fewer drivetrains, transmissions, and mechanical linkages mean fewer squeaky parts to silence in WD-40’s a key target market.
Five years from now, WD-40 will likely still be profitable, still paying dividends, and still occupying garage shelves worldwide. The stock? Probably trading in a range that looks a lot like today, give or take some multiple compression.
If you need a door unstuck in 2031, you know where to reach. If you need an exciting growth stock or an undervalued wealth preserver, you should look elsewhere.
The Hidden Gems Superscore reflects The Motley Fool's proprietary AI-driven evaluation of a company across product, financial, leadership, and valuation pillars as of the article date and may change over time. Performance figures are point-in-time. Past performance does not guarantee future results.
, /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, today announced the Company has secured a long-term Property and Project Management assignment with leading institutional investor and developer 601W Companies, expanding the relationship through management of more than 21 million square feet of premier office assets across the U.S., including Chicago, New York, New Jersey and Los Angeles.
Newmark secured the assignment through a coordinated effort led by Jesse Van Dyke, Executive Vice President, Midwest Regional Market Leader, and Richard Holden, President, Property Management, who worked closely with 601W Companies to develop a customized program aligned with 601W Companies' operating philosophy, long-term growth objectives and evolving portfolio needs.
"This assignment reflects the continued execution of our strategy to expand Newmark's recurring revenue businesses while deepening relationships with many of the industry's most sophisticated owners," said Luis Alvarado, Chief Operating Officer. "Property management and project management are critical components of our fully integrated platform, creating opportunities to deliver long-term value for clients while strengthening the breadth and durability of our Investor Solutions business."
The 601W portfolio comprises more than 12 million square feet in Chicago and more than nine million additional square feet across key U.S. markets, including New York City, New Jersey and Los Angeles. Newmark has already begun providing services for 601W's property at 333 S Grand Avenue in Los Angeles.
"601W has been one of the most active buyers of commercial real estate in the United States over the past several years, having acquired or contracted to acquire more than 10 million square feet," said Holden. "That level of conviction reflects exactly the kind of forward-looking ownership we're proud to support."
Newmark will serve as a strategic operating partner across the portfolio, delivering customized Property and Project Management services through an integrated program designed to support 601W Companies' ownership objectives, enhance tenant experiences and drive operational performance across the portfolio.
"Having proactively managed our portfolio through COVID — including restructuring and extending financings across our assets — we are well positioned for long-term growth and focused firmly on the opportunities ahead. We were looking for a strategic partner with the platform, talent and flexibility to match that ambition, and we are excited to work with Newmark on our path forward," said Mark Karasick, Managing Member of 601W. "Newmark brings a level of professionalism and discipline, along with a customized operating model and a collaborative approach, that aligns with our objectives today while providing the scale to grow with us as we continue investing in premier assets across the country."
The assignment further reinforces the Company's ability to serve institutional owners with complex, high-profile portfolios across the United States and reflects continued momentum within Newmark's Management Services businesses, particularly in Chicago, where the portfolio has a significant presence.
"With a significant concentration of assets in Chicago and major holdings across other U.S. markets, this assignment highlights the value of combining deep local market knowledge with the resources and capabilities of our global platform," said Van Dyke. "We're proud to support one of the industry's leading owners and deliver a tailored operating model for a portfolio of this size and complexity."
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
New York, New York--(Newsfile Corp. - July 17, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Verra Mobility Corporation (NASDAQ: VRRM) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Verra securities between February 24, 2026 and May 26, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/VRRM.
Verra Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
Defendants misrepresented the nature and stability of Verra's relationship with Avis Budget Group ("Avis"), including the likelihood of securing a contract extension; Defendants downplayed the risk that major rental car companies, including Avis, could replace Verra's services with in-house solutions or alternative third-party providers; and as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading at all relevant times.What's Next for Verra Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/VRRM, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Verra you have until August 4, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Verra Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Verra Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300549
Source: Bronstein, Gewirtz & Grossman, LLC
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New York, New York--(Newsfile Corp. - July 17, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Calix, Inc. (NYSE: CALX) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Calix securities between January 28, 2026 and April 21, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/CALX.
Calix Case Details
The Complaint alleges that throughout the Class Period, defendants failed to disclose to investors:
the Company's first quarter margins had significantly benefited from advanced purchasing of memory components; that the Company's advanced supply of memory components was dwindling; that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and that, as a result of the foregoing, Defendants' positive statements about the Company's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis.What's Next for Calix Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/CALX, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Calix you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Calix Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Calix Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
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Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299464
Source: Bronstein, Gewirtz & Grossman, LLC
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KraneShares has rolled out a new thematic exchange-traded fund aimed at one of the hottest corners of the AI hardware trade: the companies that make lasers, optical transceivers and photonic chips that move data through fiber inside and between data centers. The KraneShares Photonic and Optical ETF (NYSEARCA:LUMA) began trading this month on NYSE Arca, with its statutory prospectus dated July 8, 2026. Only two trading days of price history are available so far, and the fund closed at $22.04 on July 16, 2026.
Costs are the first thing to understand. The prospectus lists a management fee of 0.99% of average daily net assets, which would work out to about $99 a year on a $10,000 investment. KraneShares has voluntarily agreed to waive 0.35% of that fee, taking the effective cost to roughly 0.64%, or about $64 a year per $10,000. The issuer notes the waiver can be modified or terminated with notice, so the discount is not guaranteed.
What the Fund Does LUMA is an actively managed fund, meaning a portfolio team picks the holdings rather than mechanically tracking an index. The stated focus is companies tied to photonics and optical technology: laser makers, optical component and transceiver suppliers, silicon photonics foundries and the networking semiconductor firms that build high-speed optical interconnects. That basket lines up closely with the kind of names that have benefited from AI-driven demand for faster, more energy-efficient data movement.
Publicly traded companies fitting the theme include Lumentum (NASDAQ:LITE | LITE Price Prediction), Coherent (NYSE:COHR), Tower Semiconductor (NASDAQ:TSEM) and MACOM (NASDAQ:MTSI). KraneShares has not yet published a full top-holdings list for LUMA at launch, so investors will need to check the fund page as disclosures roll out. The prospectus also flags that the fund may invest in non-U.S. issuers, exposing shareholders to currency swings and foreign market risks.
Why It Exists and How It Stacks Up The pitch is straightforward: photonics is a real and rapidly growing niche within AI infrastructure. Lumentum has delivered a one-year gain of 608.85%, Coherent is up 183.13%, Tower Semiconductor 421.3%, MACOM 99.98% and Marvell 166.34% over the past year. Lumentum trades at roughly 43x forward earnings, Coherent around 31x, MACOM near 43x and Marvell about 54x. Those are premium multiples that leave little room for disappointment.
A 0.64% net fee sits at the higher end for a thematic tech ETF. Broad semiconductor funds from iShares and VanEck typically charge well under half that. What the extra cost buys, according to KraneShares, is an active manager filtering for pure photonics exposure rather than diluted semiconductor beta. Whether that filter is worth the price is something only performance over several years can settle.
Who It Might Suit, and the Risks The fund is designed for investors who already want targeted exposure to the optical infrastructure buildout and prefer a diversified basket to picking a single winner. It is a satellite-style holding, not a core position, and the concentration cuts both ways. The recent selloff in the underlying names illustrates the point: Marvell fell 32.41% in the past month, Coherent 27.65%, MACOM 25.2% and Lumentum 19.32%. LUMA itself is already down 6.92% across its two-day history.
Other caveats are typical for new launches. There is no track record to evaluate. Assets under management start small, which usually means wider bid-ask spreads and the possibility of closure if the fund fails to gather assets. The prospectus specifically flags large shareholder risk, since early redemptions from one big holder can force disadvantageous selling, and valuation risk tied to thinly traded securities. Thematic funds are also vulnerable to hype cycles: buying near the top of a narrative rarely ends well.
The next few quarters will show whether LUMA can build assets, tighten its trading spreads, and demonstrate that active stock selection adds anything over simply owning a broad chip ETF during an unusually strong period for optical hardware.
Contact [email protected] for any questions or corrections.
Key Takeaways Harmony Biosciences reported about $261M in preliminary Q2 2026 Wakix net product revenues, up 30% Y/Y.HRMY reaffirmed 2026 net product revenue guidance of $1.0-$1.04B after a strong first half.HRMY advances pitolisant programs and named an interim finance chief after its CFO stepped down. Harmony Biosciences (HRMY - Free Report) announced preliminary second-quarter 2026 results.
The company registered a record $261 million in net product revenues from its lead drug, Wakix (pitolisant).
Wakix received FDA approval in August 2019 to treat excessive daytime sleepiness (EDS) in adults with narcolepsy and was launched in the United States in November 2019. In October 2020, the FDA expanded its approval to include the treatment of cataplexy in adults with narcolepsy.
Revenues increased 30% year over year and 21% sequentially from the first quarter, reflecting continued strong demand and solid commercial execution.
Encouraged by its first-half performance, the company reiterated its full-year 2026 net product revenue guidance of $1.0 billion to $1.04 billion, signaling confidence in sustained growth for the remainder of the year.
Harmony is scheduled to report its complete second-quarter 2026 financial results and provide a business update on Aug. 4, 2026.
Shares of HRMY have lost 10.4% year to date against the industry’s 1.7% gain.
Image Source: Zacks Investment Research
HRMY’s CFO Steps DownHarmony announced that chief financial officer (CFO) Glenn Reicin has stepped down, effective July 16, 2026, to pursue other opportunities.
The company appointed Stephen Mollichella, currently senior vice president and controller, as interim principal financial officer while it conducts a search for a permanent CFO.
HRMY’s Efforts to Strengthen BusinessHarmony is pursuing label expansion opportunities for pitolisant beyond narcolepsy, targeting rare neurological disorders such as Prader-Willi syndrome (PWS) and myotonic dystrophy type 1 (DM1).
The company is conducting the phase III TEMPO study in PWS, supported by FDA alignment, which has the potential to serve as the registrational trial and support the company’s efforts to seek pediatric exclusivity for pitolisant.
The FDA granted Orphan Drug designation to pitolisant for the treatment of PWS in 2024.
In DM1, phase II data demonstrated meaningful improvements in EDS and fatigue, supporting further development.
Wakix has also expanded into the pediatric narcolepsy market, with FDA approval for EDS in 2024.
In February 2026, the FDA also approved Wakix for the treatment of cataplexy in patients six years and older with narcolepsy, providing additional long-term growth opportunities for the franchise.
Meanwhile, Harmony is advancing two next-generation formulations of pitolisant to strengthen and extend this franchise.
The company is on track to submit a new drug application for pitolisant GR (gastro-resistant) shortly. A decision from the FDA is expected in the first quarter of 2027. The formulation features an enteric coating designed to reduce gastrointestinal side effects, allowing patients to start treatment at a therapeutic dose without titration. Harmony has filed utility patents that could extend the pitolisant franchise into the 2040s.
HRMY is also developing pitolisant HD (high dose) to further expand the franchise. Phase III studies are underway in narcolepsy (ONSTRIDE 1) and idiopathic hypersomnia (ONSTRIDE 2), with top-line data expected in 2027. The enhanced formulation is designed to improve efficacy through optimized pharmacokinetics, an enteric coating and a higher dose, while supporting differentiated labeling for fatigue in narcolepsy and sleep inertia in idiopathic hypersomnia. Utility patents for Pitolisant HD have also been filed, supporting franchise protection into the 2040s.
HRMY’s Zacks Rank and Other Stocks to Consider HRMY currently carries a Zacks Rank #1 (Strong Buy). A couple of other top-ranked stocks from the sector are Liquidia Corporation (LQDA - Free Report) and Novavax (NVAX - Free Report) , each sporting a Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, estimates for Liquidia’s 2026 earnings per share (EPS) have increased from $2.97 to $3.02. Over the same period, EPS estimates for 2027 have also increased from $4.81 to $4.92. LQDA shares have skyrocketed more than 118.3% year to date.
Liquidia’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, with the average surprise being 54.40%.
Over the past 60 days, estimates for Novavax’s 2026 loss per share have narrowed from 20 cents to 19 cents. Over the same period, loss per share estimates for 2027 have narrowed from 31 cents to 25 cents. NVAX shares have gained nearly 22.7% year to date.
Novavax’s earnings beat estimates in each of the trailing four quarters, with the average surprise being 305.24%.
New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Badger Meter, Inc. ("Badger Meter" or the "Company") (NYSE: BMI) on behalf of investors that purchased or otherwise acquired Badger Meter securities between April 18, 2024 and April 16, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Badger Meter and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 3, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On April 17, 2026, Badger Meter reported first quarter 2026 results, including a deceleration of sales. Specifically, total sales of $202.3 million for the quarter were "9% lower than the prior year's $222.2 million." Additionally, the Company stated with respect to its first quarter operating results that "Utility water sales declined 10% year-over-year, reflecting project timing and other softer short-cycle municipal ordering . . . ."
Following this news, the price of Badger Meter shares declined by $36.75 per share, or more than 24%, to close at $115.54 per share on April 17, 2026.
The complaint alleges that throughout the Class Period, Defendants misrepresented the drivers of Badger Meter's "record" financial results, demand for the Company's products, and its prospects for continued growth. During the Class Period, Defendants allegedly told investors that Badger Meter's strong financial results reflected "ongoing favorable industry trends," "secular growth drivers," and "solid operating execution." They also allegedly touted "strong" demand and said they were seeing "robust order pacing and a strong bid pipeline that positions us well for continued sales and earnings growth," and that Badger Meter possessed a "long runway" for growth.
According to the complaint, in truth, "Badger Meter's financial results during the Class Period were at least partially attributable to the Company's practice of pulling-forward customer orders to recognize revenue early, which concealed weakening demand and deteriorating near-term order trends. This practice also depleted revenue otherwise available for future periods, ultimately causing the disappointing financial results the Company later reported."
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
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MEXC, a pioneer in 0-fee digital asset trading, has listed five Ondo tokenized stock trading pairs on its spot market in collaboration with Ondo Finance. The five companies span a supply chain that runs from semiconductor and precision component manufacturing to industrial cooling and power infrastructure supporting AI data centers, allowing users to trade these U.S. stocks using USDT on MEXC around the clock, with instant settlement and no traditional brokerage account required.
The trading pairs include tokenized shares of STMicroelectronics N.V. (STMON/USDT), Fabrinet (FNON/USDT), Trane Technologies (TTON/USDT), Amphenol (APHON/USDT) and Quanta Services (PWRON/USDT). All five pairs went live for spot trading at 13:30 on July 16, 2026 (UTC), with withdrawals set to open at 13:30 on July 17, 2026 (UTC).
Ondo Finance brings traditional financial assets on-chain through compliant infrastructure, giving users access to U.S. stocks and ETFs in a blockchain-native format. Each tokenized asset is backed by the corresponding underlying security held through regulated custodial brokers, allowing users to purchase fractional amounts and giving holders the same economic exposure as the underlying stock, with dividends automatically reflected in token value. The listing further broadens the range of traditional assets available for MEXC users to trade.
To meet different user needs, MEXC offers multiple pathways for U.S. equity exposure: users can trade Ondo’s tokenized stocks on the platform, or directly purchase real shares of U.S.-listed companies through RealStocks, which now covers more than 7,000 U.S. stocks and ETFs, holding the corresponding stock assets, participating in price movements, and enjoying the full benefits of stock ownership.
About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
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SBI announced three major crypto and blockchain moves this week, including partnerships with Solana and Ondon Finance. (Chris 73/Wikimedia Commons)Summary
Japan’s SBI Group acquired a majority stake in Singapore-based crypto platform Coinhako as part of a broader push to build a global digital asset corridor across Asia.The company is expanding its digital asset footprint through partnerships with Ondo Finance and the Solana Foundation to tokenize real-world assets and develop yen-based on-chain settlement using its JPYSC stablecoin, though JPYSC cannot yet be moved to external wallets.Recent deals, including the planned purchase of Tokyo exchange Bitbank and investments in EDX Markets and Gauntlet, reflect SBI’s long-term strategy to control the full digital asset value chain rather than chase short-term crypto market cycles.SBI Group acquired a majority stake in Singapore-based crypto platform Coinhako, the Japanese financial services conglomerate said on Friday. Coinhako holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS) and operates in Singapore, SBI said.
"The SBI Group seeks to establish a global corridor for digital assets by connecting exchanges worldwide," Yoshitaka Kitao, CEO of SBI Holdings, Japan’s largest online securities firm with more than 14 million users and $308 billion in assets under custody.
The acquisition follows SBI teaming up with Ondo Finance on Thursday to tokenize Japanese equities and other assets using its JPYSC stablecoin for settlement.
The company's regional expansion is also backed by a new partnership with the Solana Foundation. Under the agreement, the foundation will take an equity stake in SBI R3 Japan, which will be renamed SBI Solana Global. The new entity will focus on issuing stablecoins and on tokenizing real-world assets, such as corporate bonds and real estate.
The company said the strategy is intended to connect traditional financial markets with blockchain-based infrastructure.
“SBI is the first financial group in Asia to go after the entire digital asset value chain at once, from issuance and settlement through trading infrastructure, asset management and retail distribution, and to do it across the region rather than only at home,” Joseph Goh, director and head of Asia Pacific at crypto investment banking and advisory firm Areta, told CoinDesk.
“The real prize is the yen side of onchain settlement, one of the most strategic positions in Asian finance over the coming decade, and that is exactly what SBI is building toward,” he added.
One technical limitation remains. JPYSC does not yet support withdrawals to external wallets.
"Regarding JPYSC, its use is currently limited to accounts within SBI VC Trade, and it does not yet support withdrawals to external wallets or remittances and settlements via public blockchains," the spokesperson said.
For now, that limits JPYSC's use outside SBI's own platform. Investors cannot yet move the stablecoin to external wallets or use it to settle transactions across public blockchains.
Sota Watanabe, CEO of Startale Group, which works with SBI Holdings on JPYSC, said the company's continued investment in digital assets reflects what he sees as growing institutional confidence in blockchain infrastructure.
"SBI Holdings' continued commitment to digital assets likely signals confidence in the future architecture of global finance," Watanabe told CoinDesk.
He said blockchain is increasingly being viewed as financial infrastructure rather than an emerging technology, adding that Japan is well-positioned to lead the sector due to its regulatory framework and financial institutions.
SBI expansionSBI agreed to buy Tokyo-based cryptocurrency exchange Bitbank for around $289 million in June. The acquisition is expected to close in October, subject to regulatory approval. SBI previously acquired crypto exchange Bitpoint in 2022. The firm also led a $76 million Series C funding round for institutional exchange EDX Markets and a $25 million Series C round for crypto risk manager Gauntlet, the spokesperson said.
SBI said these investments are part of its effort to build an end-to-end digital asset business spanning exchanges, tokenization, stablecoins and blockchain infrastructure across Asia.
The company said its investment strategy is based on long-term infrastructure development rather than short-term crypto market cycles.
"In light of the expansion of cryptocurrency ETFs in the United States, as institutional investor participation raises liquidity, market credibility, and risk management standards, we expect that retail participation will also expand, and both will develop in a mutually complementary manner," the spokesperson said.
The spokesperson said the company's investments and expansion are not driven by short-term market sentiment.
Activity around Ondo Finance [ONDO] is picking up! This is happening in tandem with its new infrastructure and partnerships, so it looks like good days are ahead.
Here’s the latest.
Ondo Finance’s on-chain activity shoots up Per Santiment Intelligence, new addresses have increased for three straight days. The metric hit 754 on July 16; that’s about twice the pace seen earlier in the month. Daily active addresses also followed the pattern, going from 1,410 to 2,589 over the same period.
Source: Santiment Intelligence The key inference here, is that new developments have attracted attention to the platform.
Ondo recently launched tokenized stock representations using entitlements generated through DTCC’s tokenization infrastructure. This connects its products more closely with the systems used in traditional US markets.
The company stated that with this, they’re joining a select club of leading TradFi and DeFi firms. Some of the other well known names include BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the NYSE.
It also partnered with Japan’s SBI Group to bring Japanese equities onchain. The aim is to distribute Ondo products through SBI’s network and explore the use of a yen-backed stablecoin for settlement.
About the same, Ian De Bode, CEO, Ondo Finance, said,
This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy.
