Market Signal Briefing

Leading cryptocurrencies surged on Tuesday as the Senate prepares for the markup of a key bill aimed at regulating the cryptocurrency market.

CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin BTCEthereumETH
               XRPXRP             SolanaSOL             DogecoinDOGE             (CRYPTO: )+4.43%$95,374.58 (CRYPTO: )+7.16%$3,327.98 (CRYPTO: )            +5.29%$2.16 (CRYPTO: )            +4.52%$145.52 (CRYPTO: )            +8.25%$0.1482Crypto Market ReboundsBitcoin rose above $96,000 for the first time in nearly two months ,with trading volume surging 45% over the last 24 hours. The leading cryptocurrency is now up 9.29% in 2026. 

Ethereum also rallied to a 2-month high of $3,350, while XRP and Dogecoin also recorded sharp spikes.

The rally comes after the Senate Banking Committee released a draft bill for the key cryptocurrency market structure bill, defining altcoins as similar to Bitcoin and Ethereum. The Committee marks up the bill Thursday

Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)  and Coinbase Global Inc. (NASDAQ:COIN), closed up 6.63% and 4%, respectively

Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and COIN here.

Nearly $680 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with $592 million in bearish shorts wiped out.

Bitcoin's open interest surged 6.65% in the last 24 hours, with more than 50% of derivatives traders placing long bets on the apex cryptocurrency.

The market sentiment shifted from "Fear" to "Neutral," according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:30 p.m. ET)Pirate ChainDash                Story     (ARRR )   +23.75%    $3.04(DASH )  +45.06%      $58.48 (IP )        +27.10%      $3.85The global cryptocurrency market capitalization stood at $3.25 trillion, jumping 4.67% over the last 24 hours.

Stocks Move The Other WayStocks pulled back from record highs on Tuesday. The Dow Jones Industrial Average retreated 398.21 points, or 0.8%, to end at 49,191.99. The S&P 500 dipped 0.19% to settle at 6,963.74, while the tech-focused Nasdaq Composite lost 0.1% to finish at 23,709.8

December's Consumer Price Index rose 2.7% year over year, in line with analyst estimates. On a monthly basis, consumer prices increased 0.3%, also in line with forecasts.

Oil prices lifted, with the U.S. West Texas Intermediate trading surging beyond $61 a barrel as geopolitical tensions rose after President Donald Trump told Iranian protesters that "help is on its way."

Shares of defense companies, including Lockheed Martin Corp. (NYSE:LMT)  and Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), closed down 4.34% and 13.78%, respectively, after President Donald Trump said he wants to increase the 2027 military budget from $1 trillion to $1.5 trillion.

Bull Market About To Start?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted Bitcoin's breakout above the crucial 21-day moving average and test of the level as support.

"It’s quite clear that this is going to run to $100,000 in the coming week and that dips are for buying," the analyst projected. "The bull market hasn’t died, it’s about to start."

Similarly, popular analyst Ali Martinez predicted that $105,921 "comes into play" if the apex cryptocurrency crosses $94,555.

As of this writing, Bitcoin has cleared this threshold and remains to be seen whether it hits Martinez's target.

Photo Courtesy: Sodel Vladyslav on Shutterstock.com

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VanEck, a notable asset management firm, has projected that Bitcoin’s price could rise to $2.9 million by 2050. This forecast was announced on January 11, 2026, drawing attention within financial markets due to its ambitious nature. The prediction comes amid increasing global interest in digital currencies and their potential role in trade and finance.

The claim has sparked skepticism. ChatGPT and Grok, two prominent AI systems, have both expressed doubts regarding the feasibility of such high valuations for Bitcoin. Their skepticism is rooted in the volatile history of cryptocurrency prices and the challenges associated with predicting long-term market trends.

Bitcoin, as the largest cryptocurrency by market value, has consistently been at the center of financial innovation discussions. As a decentralized digital currency, it is often seen as a hedge against traditional financial systems. However, its price has been subject to significant fluctuations, raising questions about its stability as an investment vehicle.

The debate over Bitcoin’s future price trajectory highlights the broader uncertainties inherent in the cryptocurrency market. Market analysts and investors are divided on whether digital currencies will continue to gain mainstream acceptance or face regulatory challenges that could impede their growth.

Regulatory oversight remains a critical factor. Financial regulators worldwide are increasingly focused on issues such as market integrity, investor protection, and the potential risks associated with cryptocurrencies. The development of surveillance-sharing agreements and enhanced disclosure requirements aims to mitigate these risks.

In exploring crypto products, large banks and asset managers are responding to client demand and the potential for new revenue streams. Offering digital asset services could provide these institutions with competitive advantages, although they must also navigate regulatory landscapes and operational risks.

Exchange-traded funds (ETFs) have emerged as a popular investment vehicle in the crypto space. These funds allow investors to gain exposure to cryptocurrencies without owning the underlying assets directly. ‘Spot’ ETFs, in particular, track the current market price of a commodity, demanding rigorous regulatory approval processes to ensure investor protection.

Despite the enthusiasm surrounding cryptocurrency investments, potential investors must consider various risks. Volatility, liquidity challenges, operational uncertainties, and regulatory constraints are prevalent concerns. Additionally, tracking errors and fees associated with crypto ETFs can impact returns.

The competitive landscape among issuers of crypto products is dynamic. Multiple firms often submit similar proposals, leading to uncertain timelines for approvals. Amendments to filings are common as issuers adapt to regulatory feedback and market conditions.

VanEck’s projection of Bitcoin reaching $2.9 million by 2050 is ambitious and has provoked both interest and doubt. The prediction underscores the speculative nature of cryptocurrency investments and the challenges of forecasting their long-term potential. Stakeholders will closely monitor regulatory reviews, potential amendments, and market developments to gauge future prospects.

As the cryptocurrency sector evolves, the question of Bitcoin’s valuation will remain a focal point for investors and regulators alike. The coming years will likely see continued debate and development as digital currencies strive for broader adoption within the global financial system.

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On Tuesday, the infrastructure protocol ETHGas announced the rollout of its GWEI governance token, a component designed to transform Ethereum’s blockspace into a programmable and tradable market. This initiative seeks to overcome the limitations of blind gas auctions, allowing applications to ensure predictable and efficient execution. The announcement follows a year of solid growth, backed by a $12 million funding round and a futures market with $800 million in liquidity.

The importance of this launch lies in the creation of a “Realtime Ethereum” ecosystem, where holders of the GWEI governance token will oversee critical parameters, upgrades, and the protocol’s treasury. By treating blockspace as an asset that can be reserved and traded, ETHGas offers a solution to fee volatility and latency.

The eligibility snapshot for the initial distribution, scheduled for January 19, will be under the community’s spotlight. Investors and developers should closely monitor the detailed release of the GWEI governance token tokenomics and the impact this coordination structure will have on network decentralization. If the model is successful, it could mark the end of chaotic competition in the Ethereum mempool.

Source:https://www.ethgas.com/blog/introducing-gwei-the-engine-behind-realtime-ethereum

Disclaimer: Crypto Economy’s Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant facts in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.

Strive will acquire Semler Scientific together with the latter’s 5,048 Bitcoin after shareholders approved the deal.

Summary

Strive shareholders approved an all-stock deal to acquire Semler Scientific and its Bitcoin holdings. The transaction adds 5,048 BTC, lifting combined holdings to 12,797.9 BTC. The deal positions Strive among the largest public corporate Bitcoin holders. A shareholder decision has quietly pushed a Bitcoin-focused firm further up the corporate treasury ranks.

Strive announced on Jan. 13 that shareholders of Semler Scientific approved an all-stock acquisition, a deal that will transfer more than 5,000 Bitcoin (BTC) to Strive.

Shareholders approve all-stock acquisition Under the approved transaction, Strive will acquire Semler Scientific’s 5,048.1 Bitcoin, lifting the combined company’s holdings to 12,797.9 BTC once the deal closes. That figure places Strive ahead of several high-profile corporate holders, including Tesla and Trump Media & Technology Group, making it one of the largest public Bitcoin treasury companies.

Alongside the merger news, Strive disclosed a separate purchase of 123 Bitcoin for its own balance sheet at an average price of $91,561 per coin, for a total outlay of about $11.3 million including fees. That purchase brings Strive’s standalone holdings to 7,749.8 BTC ahead of the Semler assets being added.

The acquisition is notable not for operational synergies, but for its focus on Bitcoin itself. It represents one of the first cases where a public company built around a Bitcoin treasury strategy is acquiring another public firm largely for its digital asset holdings.

Post-deal plans and balance sheet changes Strive said it intends, within 12 months of closing, to monetize Semler Scientific’s operating healthcare business, subject to market conditions. The aim is to streamline the company and concentrate capital and management attention on Bitcoin accumulation and yield.

The firm is also exploring options to retire Semler Scientific’s existing obligations, including a $100 million convertible note and a $20 million Coinbase-related loan. Strive has signaled that future leverage will rely on preferred equity rather than traditional debt.

That strategy centers on SATA, Strive’s publicly traded perpetual preferred equity instrument. Following its initial public offering in November 2025, the company has indicated plans to issue additional preferred equity over the next year as part of its capital strategy.

In parallel, Strive’s board approved a 1-for-20 reverse stock split for both classes of common shares, a move designed to align the stock price with institutional trading standards.

After the transaction closes, Semler Scientific executive chairman Eric Semler is expected to join Strive’s board, linking the two firms as Strive continues to position itself as a pure-play public vehicle for Bitcoin treasury exposure.

Journalist

Posted: January 14, 2026

BNB Chain activated its Fermi hard fork on 14 January 2026 at 02:30 UTC, marking one of its most significant performance upgrades since the network’s Pascal and Maxwell releases.

The upgrade will reduce block times from 0.75 seconds to 0.45 seconds, bringing BNB Smart Chain closer to the fastest production speeds among major blockchains.

But the timing of the upgrade is not just technical. It arrives as BNB Chain usage has surged back toward levels last seen during the 2021 bull market, even though total value locked [TVL] remains far below its previous peak. 

This combination puts growing strain on the network.

BNB Chain users are back — but capital hasn’t fully followed Data from DefiLlama shows a sharp rise in active addresses on BNB Chain throughout 2025 into early 2026.

Daily active addresses have climbed into the 2–3 million range, approaching the highs recorded during the DeFi and retail trading boom of 2021.

However, the capital backing that activity tells a different story.

Source: DefiLlama

BNB Chain’s TVL has recovered only modestly, rising to roughly $7bn compared with a peak above $20bn in 2021. In other words, the network now supports a much larger number of users with far less liquidity per user.

That imbalance matters. High transaction volume with thinner liquidity increases the risk of:

network congestion failed or delayed transactions MEV spikes unstable DeFi execution It is exactly this environment that Fermi is designed to address. What the BNB Chain Fermi hard fork changes The Fermi upgrade introduces a package of protocol improvements aimed at keeping BNB Chain stable as transaction throughput rises.

The headline change is BEP-619, which cuts block times from 0.75 seconds to 0.45 seconds, allowing the network to process blocks nearly 40% faster.

Alongside that, BEP-590 strengthens fast-finality voting rules. This ensures that blocks reach irreversible status reliably even as they are produced more frequently. This is crucial for DeFi and trading platforms that rely on rapid, predictable settlement.

Why this upgrade is happening now BNB Chain has already demonstrated it can handle high TVL. The challenge it faces now is high-velocity usage with thinner liquidity buffers.

With millions of users transacting daily but far less capital locked in smart contracts than during the last cycle, the margin for error is much smaller.

Delays, congestion, or finality issues would have a much greater impact on traders, protocols, and consumer apps.

What happens next Validators and node operators were required to upgrade to BSC v1.6.4 or later ahead of the 02:30 UTC activation. Following the fork, nodes will regenerate snapshots and re-index logs on first startup.

As activity continues to climb, the success of Fermi will be a key test of whether BNB Chain can remain competitive as one of the world’s most heavily used blockchains.

Final Thoughts BNB Chain activated the Fermi hard fork on 14 January 2026, introducing faster block times and stronger finality as network usage climbs back toward 2021 levels. Active addresses have surged while TVL remains far below its peak, making performance upgrades essential to support high-volume DeFi, trading, and consumer activity.

Ethereum is adding new wallets at a record pace while recovering from last month’s dump. Over the past week, the network recorded about 327,100 new Ether wallets being created per day. Fresh on-chain data shows Sunday set a new high with roughly 393,600 wallets created in a single day. That was the largest daily increase ever recorded for Ethereum.

This comes in when the global crypto market is printing green indexes, led by bulls. The cumulative digital assets market cap surged by more than 4% in the last 24 hours to hit $3.25 trillion mark. Ether price has jumped by over 7% in the past 30 days as Bitcoin safely regained the $95K mark.

Lower fees spark fresh activity on Ethereum A sudden jump in ETH wallets follows a protocol upgrade that got rolled out in early December. The Fusaka upgrade changed how data is handled on the network. It has lowered costs for L2 systems to post information back to Ethereum. This move has made transactions cheaper and smoother for users on the network. The average gas costs fell to 0.051 Gwei.

Ethereum Gas Price; Source: Etherscan A dip in the fees is pumping up the activity for the network. Santiment data shows that the stablecoin transfers on Ethereum reached a record late last year. The total volumes hit about $8 trillion in Q4. Payments and settlement flows at that scale often require new wallets. This suggests that users were bagging ETH when its price dipped, which eventually backed the address growth.

Santiment data mentioned that trends from late December into January also point to new users entering the ecosystem. However, wallets are being created as users explore decentralised finance games and NFT-related applications. It added that seasonal factors may have played a role. Crypto markets often see renewed runs around the turn of the year. Traders and developers tend to reset strategies.

Crypto Fear and Greed Index shows that investor sentiment has turned “Neutral” after spending weeks in the “Fear” territory. Ether had failed multiple times to hold above $3,300 over the past two months. The fresh push has helped ETH to overcome this barrier. Ethereum price surged by almost 8% in the last 24 hours. It is trading at an average price of $3,348 at the press time.

DEX trading pulls back  Activity across decentralised apps seems to be cooling down. DefiLlama data shows that aggregate DEX volumes over the past two weeks totalled $150.4 billion. This number dipped sharply from the $340 billion record set in January 2025. Ethereum seven day DEX volumes have hovered near $9 billion. It went on to peak at $27.8 billion in October. 

Derivatives markets also point to calmer conditions. 30-day implied volatility measures tied to Bitcoin and Ether have declined. These indicators reflect hopes for price swings. Lower readings suggest traders are looking for reduced near-term movement. This comes despite ongoing geopolitical risks and shifts in ETF flows.

At the same time, SharpLink Gaming has expanded its exposure to the asset. The company has accumulated more than 865,000 ETH. The stake was valued at about $2.75 billion as of Tuesday. Last week, SharpLink deployed $170 million worth of ether on the Linea layer two network.

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Bitcoin has spent several weeks struggling around a pivotal price range, frustrating traders and reinforcing bearish narratives across the market. After failing to reclaim key resistance levels, a growing number of analysts are calling for a broader bear market to unfold. Price action has been choppy, momentum has faded, and volatility has compressed—conditions that often amplify pessimism. Yet beneath the surface, some analysts argue that Bitcoin is no longer behaving as it did in previous cycles.

According to this view, the market structure itself is changing. Long-term holders appear less reactive, sell-side pressure has moderated, and on-chain activity suggests a slower, more deliberate market. Rather than a reflexive risk asset, Bitcoin is increasingly traded and held with a longer time horizon. This shift becomes especially relevant as the policy backdrop evolves in the United States.

The US Senate Banking Committee is scheduled to mark up the crypto market structure bill known as the CLARITY Act on January 15, 2026. This event should not be interpreted as a short-term price catalyst. Instead, it represents a potential inflection point in how Bitcoin is positioned within the US regulatory framework.

While prices remain relatively stable, on-chain data already hints at a market adapting to a more institutional, regulated environment. The implication is clear: Bitcoin may be entering a structurally different phase, even as sentiment remains divided.

A report by CryptoQuant, authored by XWIN Research Japan, highlights that Exchange Netflow remains a critical signal in the current environment. Historically, periods of regulatory uncertainty tend to push Bitcoin into exchanges as investors prepare to sell or reduce exposure.

Ahead of the upcoming CLARITY bill discussions, however, this behavior has not materialized. Exchange inflows have stayed relatively muted, suggesting that market participants are not positioning defensively or treating the legislative process as an immediate threat.

Bitcoin Exchange Netflow | Source: CryptoQuant SOPR (Spent Output Profit Ratio) reinforces this interpretation. The metric, which measures whether moved coins are sold at a profit or a loss, is hovering around or slightly below the 1.0 threshold. This indicates subdued profit-taking activity. More importantly, it implies that on-chain spending itself remains low. In simple terms, Bitcoin is not being moved aggressively, either to realize gains or to exit positions.

Bitcoin Spent Output Profit Ratio | Source: CryptoQuant Together, Exchange Netflow and SOPR point to a market posture that is patient rather than defensive. Investors appear willing to hold through uncertainty instead of rotating capital or rushing to de-risk. The time horizon is clearly lengthening.

From this perspective, the CLARITY Act represents more than a policy debate. It marks a potential step toward integrating Bitcoin into the U.S. financial framework as a regulated digital commodity. On-chain data already reflects this shift: before any major price move, Bitcoin is becoming increasingly “sticky,” signaling a transition away from speculative trading and toward institutional-grade holding behavior.

Bitcoin Price Consolidation Continues Bitcoin price action remains constrained within a well-defined consolidation range, following the sharp correction that began in November. After rejecting from the $120K–$125K region, BTC experienced an impulsive sell-off that found a local bottom near the mid-$80K zone, where demand visibly stepped in. Since then, price has been carving a higher low structure, suggesting that downside momentum is gradually weakening.

BTC consolidates in a long range | Source: BTCUSDT chart on TradingView On the daily chart, Bitcoin is now attempting to stabilize above the $92K area, which aligns closely with a former support-turned-resistance level. This zone has acted as a pivot throughout the current range and remains critical for short-term direction. A sustained hold above it would strengthen the case for a broader recovery toward the $98K–$100K region, where the declining short-term moving averages converge.

However, the broader trend remains technically fragile. Price is still trading below the 100-day and 200-day moving averages, both of which are sloping downward. This indicates that the medium-term structure has not yet shifted back to bullish. Volume also remains relatively muted, reinforcing the idea that this move is corrective rather than impulsive.

As long as Bitcoin remains trapped between roughly $88K and $95K, the market is likely to remain range-bound. A decisive break above resistance or a loss of current support will be required to resolve this consolidation phase and define the next directional move.

Featured image from ChatGPT, chart from TradingView.com 

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Retail traders spooked by the massive crypto liquidation event in October fled back to major cryptocurrencies as their hopes for an altcoin season were dashed, according to Wintermute.

Since around 2022, retail traders have been net sellers of majors such as Bitcoin (BTC) and Ether (ETH), preferring altcoins instead, but that pattern broke in 2025, according to Wintermute’s “Digital asset OTC market 2025” report released on Tuesday. 

The October 10 liquidation event and market crash “marked a clear inflection point,” accelerating retail’s rotation back into Bitcoin and Ether, the firm said.

Data shows that retail investors were actively reducing exposure to the majors at the time, but quickly pivoted back into them after the record leverage flush. 

“This shows the immediate defensive posture following the liquidation shock and growing concerns of contagion and an imminent bear market.”Wintermute reported that by the end of the year, retail positioning had converged with institutional, “prioritizing liquidity and resilience over peripheral risk.” 

Retail’s “defensive consolidation” rotated back into majors. Source: WintermuteAltcoin rallies lacked convictionThe move back into majors prevented any altcoin season this cycle, and altcoins “materially underperformed” in 2025. 

“Narratives continued to emerge, but failed to persist,” the report stated.

The average altcoin rally lasted roughly 19 days in 2025, down from around 60 days the year before, “reflecting reduced conviction and more tactical risk-taking,” Wintermute added.

This does not mean that there was a lack of narratives, but a market “showing clear signs of exhaustion,” where rallies quickly faded. 

From 2022 to 2024, altcoin rallies typically lasted from 45 to 60 days with sustained narratives including memecoins and AI. However, the median length of altcoin rallies in 2025 was just 20 days. 

“This led to altcoin rallies feeling like tactical trades rather than high conviction trends.” Altcoin rallies lasted less than half the time in 2025. Source: Wintermute
October crash fears are subsiding While altcoins have yet to see any real momentum going into 2026, fears and panic over the October crash have subsided, leading to renewed confidence going forward. 

Earlier this month, Bitwise chief investment officer Matt Hougan said, “One of the reasons I think we’ve rallied to start this year is that investors have put October 10 in the rearview.”

Total market capitalization is at its highest level so far this year, following a 10%, or $300 billion, gain since Jan. 1 to reach $3.34 trillion on Wednesday, according to CoinGecko. 

Magazine: Trump rules out SBF pardon, Bitcoin in ‘boring sideways’: Hodler’s Digest

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Vera Therapeutics, Inc. (VERA) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 5:15 PM EST

Company Participants

Marshall Fordyce - Founder, President, CEO & Director

Conference Call Participants

Anupam Rama - JPMorgan Chase & Co, Research Division

Presentation

Anupam Rama
JPMorgan Chase & Co, Research Division

Welcome, everyone, to the 44th Annual JPMorgan Healthcare Conference. My name is Anupam Rama. I am one of the senior biotech analysts here at JPMorgan. I'm joined by my squad, [ Rati Pinhe, ] Priyanka Grover and Joy So. Our next presenting company is Vera Therapeutics and presenting on behalf of the company, we have CEO, Marshall Fordyce. Marshall?

Marshall Fordyce
Founder, President, CEO & Director

Great. Thank you so much, Anupam. Good afternoon, everyone. Welcome. Thanks for the opportunity to present to you today. I'm Dr. Marshall Fordyce. I'm the Founder and CEO of Vera Therapeutics. Our mission is to lead a paradigm shift to a more targeted way of modulating the immune system and free patients from the burdens of their disease. Today, I'm very pleased to present at the outset of 2026, our outlook as we approach the commercial launch of our lead product candidate, atacicept.

Before I get started, I want to remind you that my remarks contain forward-looking statements under the safe harbor act. As such, we'll present this disclaimer regarding at-risk statements.

Vera was founded here in San Francisco in 2016 and we in-licensed atacicept in 2020. Atacicept is the first-in-class dual BAFF April inhibitor, a mechanism that holds promise to control autoimmune disease activity while avoiding the challenges of immune suppression. Based on positive Phase III results last year, Vera submitted a BLA to the U.S. FDA and it was just last week awarded priority review with a PDUFA date of July 7, 2026.

Atacicept

Veeva Systems Inc. (VEEV) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 4:30 PM EST

Company Participants

Brian Van Wagener - Chief Financial Officer

Conference Call Participants

Alexei Gogolev - JPMorgan Chase & Co, Research Division

Presentation

Alexei Gogolev
JPMorgan Chase & Co, Research Division

Hello, everyone. My name is Alexei Gogolev, Head of Vertical SaaS and Health Tech Equity Research here at JPMorgan. And today, I'm delighted to have Veeva's CFO, Brian Van Wagener here with us. Brian, welcome. We'll start with a quick presentation and then go into Q&A.

Brian Van Wagener
Chief Financial Officer

That sounds great. Alexei, thanks for having us. Thanks to all of you for being here with us today and spending a little bit of time with us. Great to be here at JPMorgan again. My goal today is to give you a clear picture of Veeva, who we are, the opportunity in front of us and where we're headed. So I'm going to cover a bit about our operating model, our portfolio, and it is JPM, so a few key metrics along the way. My goal is that you walk away from this with a straightforward understanding of who we are as a company and where we're headed. So with that, I know you've read every word on this. This is our safe harbor. You can find on our website, too. We'll make some forward-looking statements today. We'll move on from there.

So this is one of the key slides for us at Veeva. This is our vision and values. For us, this is really an operational slide. This is how we run the company. So our vision is building the industry cloud for life sciences. That means software, data, consulting, working together to make our company, our customers more efficient, more effective across R&D, manufacturing, commercial we think that our goal is

A little over four years after Mark Zuckerberg changed Facebook's name to Meta, reflecting his view that the future of work, play and socializing was going virtual, the company is making a major course correction. 

Meta this week began laying off employees focused on virtual reality within its Reality Labs division and is shutting down a number of studios that were working on VR titles, according to people familiar with the matter who asked not to be named due to confidentiality. CNBC confirmed a report from the New York Times that layoffs, amounting to more than 1,000 jobs, will impact about 10% of the hardware division, which makes Quest VR headsets, and the Horizon Worlds virtual social network. 

Andrew Bosworth, Meta's chief technology officer, is slated to hold an all-hands meeting with Reality Labs on Wednesday, some of the people said.

Meta is scaling back its metaverse ambitions as the company continues ramping up its investments in artificial intelligence, Zuckerberg's more recent obsession and the technology that's consumed Silicon Valley and the broader industry. Zuckerberg has been paying big bucks for top AI talent, most notably shelling out $14.3 billion in June to hire Scale AI founder Alexandr Wang, who's now leading AI strategy, along with other engineers and researchers from the startup.

In October, Vishal Shah, who spent four years leading the company's metaverse efforts, was named vice president of AI products. That month Meta lifted the range of its 2025 capital expenditures to between $70 billion and $72 billion and said dollar growth would be "notably larger" in 2026.

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The studios that are closing as part of the latest changes include Armature Studio, Twisted Pixel, and Sanzaru, as well as a technical unit called Oculus Studios Central Technology, sources told CNBC. Jobs are also being cut at other studios including Ouro Interactive, which Meta debuted in 2023 to build first-party content for Horizon Worlds.

Supernatural, a VR fitness app that Meta purchased for $400 million in 2023, was moved into maintenance mode, meaning it will be run by a skeleton crew and no longer receive new content, said people with knowledge of the matter.

Meta laid the groundwork for this week's announcement in December, when the company said it would be shifting resources within Reality Labs' budget away from its VR initiatives toward its endeavors with AI glasses and wearable devices.

"This is part of that effort, and we plan to reinvest the savings to support the growth of wearables this year," a Meta spokesperson said, without commenting specifically on the layoffs.

While Meta's VR projects have never taken off, the company has had better success in AI-powered wearables, particularly through a partnership with EssilorLuxottica to make Ray-Ban Meta smart glasses.

In September, the two companies unveiled the Meta Ray-Ban Display glasses, which cost $799 and contain a single, built-in display that shows users small messages and previews of photos. Meta said last week that it would delay the global debut of the display glasses, citing "limited" inventories amid "unprecedented" U.S. demand.

Luxottica CFO Stefano Grassi said in October that his company will be able to reach the 10 million unit capacity for the glasses that it had originally planned to hit by the end of 2026 earlier than anticipated.

More like RobloxDespite the downsizing, Meta isn't abandoning VR.

The company is courting developers who build games for Roblox, a virtual world gaming platform popular with kids, to build experiences for Horizon Worlds, sources said. Roblox says it has more than 150 million daily users, while Horizon, which Zuckerberg showcased at the time of the company name change, has never drawn more than a couple hundred thousand active users a month.

By taking cues from the likes of Roblox and Minecraft, which Microsoft acquired in 2014, Horizon Worlds could serve as a funnel for Meta to attract a younger audience to its services.

Last year Bosworth directed the company to turn Horizon Worlds into a hit smartphone app, after beginning a test of a mobile version in 2023, people familiar with the matter told CNBC. Meta moved employees from other parts of Reality Labs onto the Horizon Worlds team in 2025, ex-employees said.

Ben Hatton, an analyst for CCS Insight who covers connected devices, said the underperformance of VR headsets and the continuing growth of mobile forced Meta's hand.

"It kind of follows that Meta will be moving it towards mobile as mobile gaming has become very popular over the last five years or so," Hatton said.

Ouro is one of the studios that will be working on mobile content for Horizon Worlds, people said.

Meta's decision to scale back its VR efforts comes 12 years after Facebook entered the market with the $2 billion purchase of Oculus VR. Since late 2020, Meta's Reality Labs division has logged over $70 billion in cumulative losses. In its latest quarterly earnings in October, Meta said Reality Labs recorded a $4.4 billion loss on $470 million in sales.

Meanwhile, the company is wrestling with a scattershot AI strategy as it tries to keep pace with OpenAI and Google, whose large language models and AI features are soaring in popularity. Meta plans to release its next frontier model, codenamed Avocado, in the first quarter of this year, CNBC reported last month.

Meta's stock price badly trailed Alphabet's last year and came up short of the Nasdaq, a trend that's continued in the early days of 2026, with the shares down more than 4% since the calendar changed.

Horizon Worlds has been a struggle from the start.

In August 2022, 10 months after Zuckerberg announced plans to go all-in on the metaverse, he posted a photo to his Facebook profile showing his avatar in front of animated versions of the Eiffel Tower and Spain's Basílica de la Sagrada Família. The picture was lambasted on social media for its low-quality graphics. Zuckerberg posted a new image days later of an improved version of his avatar, promising users that "major updates to Horizon and avatar graphics" were coming soon.

But inside Horizon Worlds, the photo fiasco was a defining moment, according to people familiar with the matter. Zuckerberg called a meeting with the team responsible for VR avatars demanding improvements, one of the people said.

Multiple VR developers told CNBC that Horizon Worlds usage remains low based on their observations, adding that the company doesn't share specific stats. The developers said they're frustrated because they don't have accurate information that could help them create more compelling games and experiences.

Rather, in Meta's refocusing toward a more Roblox-like experience, the company last year began instructing existing third-party Horizon Worlds developers to build kid-friendly, simplistic games.

Deepak Nair, a developer advocate at Meta, discussed the strategy in August with an audience of developers in Berlin, encouraging them to mimic Roblox and Minecraft in building games that let kids create stories they can share with their friends. Nair said a key issue for developers is identifying the right demographic.

"Generally 13 to 24, right?" Nair said. "And even on other ecosystems, it's even younger than that."

In February, Meta launched a $50 million Creator Fund intended to entice developers to create more in-game experiences inside Horizon Worlds, with a focus on mobile. The company is planning to make it easy for Facebook and Instagram users to seamlessly access Horizon Worlds, sources said.

-- CNBC's Kif Leswing contributed to this report.

WATCH: Why Meta is willing to lose billions on the metaverse

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Wave Life Sciences Ltd. (WVE) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 5:15 PM EST

Company Participants

Paul Bolno - President, CEO & Director

Conference Call Participants

Tessa Romero - JPMorgan Chase & Co, Research Division

Presentation

Tessa Romero
JPMorgan Chase & Co, Research Division

Welcome, everyone, to the 44th Annual JPMorgan Healthcare Conference. My name is Tessa Romero, and I'm one of the senior biotech analysts here at JPMorgan. Our next presenting company is Wave Life Sciences and presenting on behalf of the company, we have President and CEO, Paul Bolno. Paul, over to you.

Paul Bolno
President, CEO & Director

Thank you, Tess, and thank you, everybody, for joining us today. Before we start, we'll obviously be making some forward-looking statements during this call, so I'd please ask you to refer to our SEC filings for updates. Taking a pause and thinking about entering 2026, we are energized now more than ever to unlock the broad potential of RNA medicines and open up the opportunity to transform human health. And what this really reflects back on as a journey on building a leading RNA medicines company and at the foundation. And this is going to be important as we speak to the evolution of the clinical portfolio is the foundational bedrock of Wave is in our RNA chemistry. So when we talk about what we've been able to build and differentiate from, we should be thinking about a proprietary chemistry engine, and we'll share more on that later. That enables us to rapidly take deep genetic insights and translate those into impactful medicines. And I say this because the speed with which now we can take chemistry and translate that into medicines is incredibly rapid. So to put this in context for the obesity therapy. It was 18 months from the time we generated mouse stated human clinical data and about 24 months

Lionsgate has sold the Lionsgate Play streaming platform in South Asia and Southeast Asia to Rohit Jain, who built the service across Asia over the past eight years as President of Lionsgate Play Asia. 

All other Lionsgate film & television business in India and Southeast Asia will remain with the studio. Jain will transition fully to managing Lionsgate Play and exit Lionsgate as part of the transaction.

The transaction places Lionsgate Play under founder-led ownership with deep regional expertise and a focus on Asia’s booming digital entertainment audience.  Under a multiyear agreement, Lionsgate will license the Lionsgate Play name for the OTT service as well as provide access to its film and TV library.

“We thank Rohit for his outstanding leadership in building and scaling Lionsgate’s business in India over the past eight years,” said Lionsgate COO Brian Goldsmith.  “Under his stewardship, the Lionsgate brand has gained greater resonance with audiences in South Asia and Southeast Asia, and Lionsgate Play has emerged as a distinctive premium streaming platform in one of the world’s fastest-growing digital entertainment markets. Rohit is an entrepreneur with a deep understanding of the Asia landscape, and he has the expertise and experience to lead Lionsgate Play into an exciting new phase of growth.”

“I’m deeply grateful to Jon Feltheimer and Brian Goldsmith for the trust and freedom to build Lionsgate’s India business and transform Lionsgate Play into a premium streaming platform across Asia,” said Rohit Jain.  “Lionsgate Play has established itself as a leading destination for Hollywood content in India and is now positioned to expand well beyond that—shaping a differentiated, future-ready streaming platform for the region.”

A policy headline spooked credit card investors. Is this a buying opportunity?

Credit card stocks and shares of banks that lend to credit card users took a hit on Monday after President Donald Trump discussed plans to cap credit card interest rates. Shares of American Express (AXP 0.44%) declined approximately 4% on Monday, and the stock continued to fall (albeit only slightly) on Tuesday.

It's easy to see why the market reacted negatively to the news. Credit card interest rates are a major part of the economics for many card issuers. Put a hard ceiling on those rates, and investors immediately start asking what that would do to profits.

However, a lot is still unknown about what a rate cap would look like in practice -- and whether it would actually be implemented. Meanwhile, American Express's underlying business has been performing well. So, this begs the question: Is this an opportunity to be "greedy when others are fearful," as famed investor Warren Buffett has advised at times? Or is this a real risk that alters the risk profile of the stock until investors have more information?

Image source: Getty Images.

What we know (and what we don't) Trump's comments centered on a proposed cap of 10% on credit card interest rates for one year. Adding to the urgency of the situation, he also said he plans to roll out the cap by Jan. 20.

Notably, American Express is both a payment network and a lender, so the integrated payments company would be particularly vulnerable to a new policy like this. Still, it's worth emphasizing that American Express is not a pure-play interest-income story either; a large part of its business is built on payments and fees. When one of its card members uses an Amex card, the company collects a fee from the merchant. American Express calls this "discount revenue" -- and it's the company's biggest driver of its total revenue. Additionally, the company generates revenue from membership fees, or annual credit card fees its members pay in exchange for perks. Net interest income accounted for about one-fourth of the company's third-quarter revenue.

Of course, line items on American Express's income statement other than net interest income would likely also be affected by a one-year 10% interest rate cap. For instance, credit card companies would likely be forced to lower the credit limits on cards for higher-risk borrowers if they can no longer charge higher rates to be compensated for the risk of lending to that consumer. This would result in lower card member spending and, consequently, lower discount revenue.

Overall, a 10% cap on credit card interest rates would almost undoubtedly have a substantially negative effect on American Express's business.

For these reasons, I think I wouldn't buy shares in the stock until there is more clarity about this proposed policy change.

A strong business With this said, if shares fall even further, there will likely be a point at which the stock becomes attractive, even with a dark cloud of potential policy changes hanging over it. After all, the business is firing on all cylinders.

Capturing its strong momentum, American Express's third-quarter revenue rose 11% year over year to a record $18.4 billion, and earnings per share rose 19% to $4.14.

While discount revenue in the quarter rose 7% year over year to $9.4 billion, net card fee revenue rose even faster, climbing 18% year over year to about $2.6 billion. And net interest income increased 12% year over year to $4.5 billion.

Additionally, the American Express consumer looks strong. The company said card member spending growth accelerated to 9% year over year, helped by both new account acquisitions and growth in spending from existing card members. Additionally, the company maintained a low net write-off rate of 1.9% -- flat compared to the prior year.

Time to buy? With a business this strong, buying on the dip might make sense. However, given the potential detrimental impact of such a cap on American Express, investors may want to demand a lower price before proceeding, taking into account the increased uncertainty surrounding the stock. While it's unlikely shares will get this low, a price of around $300 would do a better job of pricing in some of the new uncertainty now looming over the credit card industry. On the other hand, if shares remain at their current valuation but the Trump administration decides not to follow through with these plans after all, this could be a good buying opportunity.

For now, investors should closely monitor this development, as it could have a significant impact on credit card companies and banks that lend to credit card users.

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bath & Body Works, Inc. (“Bath & Body Works” or “the Company”) (NYSE: BBWI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 4, 2024 and November 19, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before March 16, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bath & Body Works’ strategy of seeking “adjacencies, collaborations and promotions” failed to grow its customer base and net sales. The Company then resorted to brand collaborations to “carry quarters” despite weak financial results. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bath & Body Works, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

January 13, 2026 20:53 ET  | Source: NOVAGOLD RESOURCES INC.

VANCOUVER, British Columbia, Jan. 13, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) is pleased to announce the appointment of Frank Arcese as Project Director to Donlin Gold LLC (“Donlin Gold”), bringing more than four decades of global project leadership to Donlin Gold. This hiring further strengthens the team as we prepare to launch the work on the Bankable Feasibility Study (BFS) and progress the project toward development.

Mr. Arcese has deep experience in the execution of large-scale mining capital projects in both the U.S. and international jurisdictions. Most recently, he served as Capital Projects Business Leader for North American mining operations at WSP Global Inc., an Engineering, Procurement, and Construction Management (EPCM) firm. Prior to that, he acted as Project Director on multiple large mining and power plant projects for Rio Tinto across the U.S., Mongolia, and Argentina, and brings extensive expertise in managing projects in remote environments.

His expertise spans feasibility planning, project execution strategy, risk management, and building high‑performance technical and project management teams capable of delivering world‑class mining assets responsibly and efficiently. Select credentials of successful projects include Teck Resource’s original Quebrada Blanca in Chile, BHP’s Escondida Phase 3 and SX-EW Plant in Chile, and recently Rio Tinto’s Rincon 3000 Lithium Project in Argentina where Mr. Arcese set-up the project.

“I am thrilled to have joined Donlin Gold at such a pivotal moment,” said Mr. Arcese. “Donlin is one of the most outstanding development-stage gold deposits in the world, and I feel privileged to contribute to the decades of diligent work that have set the stage for what has the potential to become the largest single gold mine in the U.S. As we advance toward a BFS, my focus will be on ensuring the technical rigor, collaboration, and disciplined planning required to position the project for a future construction decision. Alaska is a truly wonderful place to be a miner, and I am excited to start working closely with our partners, stakeholders, and local communities.”

“We are delighted to welcome Frank as we continue to advance Donlin Gold toward development,” said Greg Lang, President and CEO of NOVAGOLD. “His exceptional track record in delivering major mining projects safely, on time and on budget, combined with his proven expertise in complex engineering projects and environments, will be invaluable as we strengthen Donlin Gold’s execution capabilities. With the winds now at our backs, his hiring marks an important internal milestone for Donlin Gold as we continue to build on the team to help ensure full preparedness for the next steps ahead.”

In his new role, Mr. Arcese will oversee project planning, project execution strategy, project organizational readiness, and project alignment with NOVAGOLD’s long‑term objectives for Donlin Gold.

About NOVAGOLD

NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project, which is owned 60% by NOVAGOLD and 40% by Paulson Advisers LLC (“Paulson”), located in Alaska, one of the safest mining jurisdictions in the world1. With approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories (541 million tonnes at an average grade of approximately 2.24 grams per tonne, on a 100% basis)2, inclusive of Proven and Probable Mineral Reserves, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. According to the 2021 Technical Report and the S-K 1300 Technical Report Summary, the Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production, with 1.4 million ounces annually in the first decade.

About Paulson

Paulson is a private global investment management advisory firm based in Palm Beach, Florida. Through its affiliates, Paulson owns 100% of Donlin Gold Holdings, which owns a 40% stake in Donlin Gold. Paulson, together with NOVAGOLD, owns 100% of Donlin Gold and shares equal voting and operating control with NOVAGOLD through its operating agreement.

NOVAGOLD Contacts:

Mélanie Hennessey
Vice President, Corporate Communications

Frank Gagnon
Manager, Investor Relations

604-669-6227 or 1-866-669-6227
[email protected]
www.novagold.com

Cautionary Note Regarding Forward-Looking Statements

This media release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements are frequently, but not always, identified by words such as “expects”, “continue”, “ongoing”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, “would” or “should” occur or be achieved. Forward-looking statements contained in this media release are based on a number of material assumptions, including but not limited to the following, which could prove to be significantly incorrect: our ability to achieve production at Donlin Gold; the cost estimates and assumptions contained in the 2021 Technical Report and the S-K 1300 Technical Report Summary; estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying our resource and reserve estimates; our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable; assumptions that all necessary permits and governmental approvals will be obtained and the timing of such approvals; assumptions made in the interpretation of drill results, the geology, grade and continuity of our mineral deposits; our expectations regarding demand for equipment, skilled labor and services needed for exploration and development of mineral properties; our ability to improve our ESG initiatives and goals; and that our activities will not be adversely disrupted or impeded by development, operating or regulatory risks. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding the anticipated benefits of recent management appointment; anticipated plans for and the estimated timing of the BFS; our goals and planned activities for 2026; the potential development and construction of the Donlin Gold project; the timing and ability for the Donlin Gold project to hit critical milestones; Donlin Gold’s continued support for the state and federal permitting process; the ability for the Donlin Gold development project to hit the anticipated projections; perceived merit of properties; mineral reserve and mineral resource estimates; plans to continue to advance the Donlin Gold project safely, responsibly and to sustainably generate value for our stakeholders; continued cooperation between the owners of Donlin Gold to advance the project; the Company’s ability to deliver on its strategy with the Donlin Gold project, increasing the value of the project; the success of the strategic mine plan for the Donlin Gold project; the success of the Donlin Gold community relations plan; the anticipated outcome of exploration drilling at the Donlin Gold project and the timing thereof; and the completion of test work and modeling and the timing thereof, including expected production and mine life. In addition, any statement that refers to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the expectations of NOVAGOLD management’s estimates and projections regarding future events or circumstances on the date the statements are made. Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of obtaining and maintaining permits necessary to construct and operate; the need for additional financing to complete an updated feasibility study and to explore and develop properties; availability of financing in the debt and capital markets; disease pandemics; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between the owners of Donlin Gold LLC to advance the project; the need for cooperation of government agencies and Native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether or when a positive construction decision will be made regarding the Donlin Gold project; and other risks and uncertainties disclosed in NOVAGOLD’s most recent reports on Forms 10-K and 10-Q, particularly the “Risk Factors” sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD’s website at www.novagold.com, or the SEC’s website at www.sec.gov, or on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained herein reflect the beliefs, opinions and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

___________________________

1 Per Fraser Institutes 2024 Annual Survey of Mining Companies, Alaska ranks 3rd globally on the Investment Attractiveness index.
2 Donlin Gold data as per report titled “NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA” with an effective date of June 1, 2021 (the “2021 Technical Report”) and the report titled “S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA” (the “S-K 1300 Technical Report Summary”) dated November 30, 2021.
Donlin Gold possesses Measured Resources of approximately 8 Mt grading 2.52 g/t and Indicated Resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis and inclusive of Mineral Reserves, of which approximately 5 Mt of Measured Resources and approximately 320 Mt of Indicated Resources inclusive of Reserves is currently attributable to NOVAGOLD through its 60% ownership interest in Donlin Gold LLC. Exclusive of Mineral Reserves, Donlin Gold possesses Measured Resources of approximately 0.9 Mt grading 2.23 g/t and Indicated Resources of approximately 69 Mt grading 2.44 g/t, of which approximately 0.5 Mt of Measured Resources and approximately 42 Mt of Indicated Resources exclusive of Mineral Reserves is currently attributable to NOVAGOLD. Donlin Gold possesses Proven Reserves of approximately 8 Mt grading 2.32 g/t and Probable Reserves of approximately 497 Mt grading 2.08 g/t, each on a 100% basis, of which approximately 5 Mt of Proven Reserves and approximately 298 Mt of Probable Reserves is attributable to NOVAGOLD. Mineral Reserves and Resources have been estimated in accordance with NI 43-101 and S-K 1300.

VALHALLA, N.Y.--(BUSINESS WIRE)--FUJIFILM North America Corporation, Imaging Division, today announced the introduction of instax mini Evo Cinema™ (mini Evo Cinema) hybrid instant camera. mini Evo Cinema offers multiple ways for users to make highly personalized, one-of-a-kind content through still photos, short-form video (15-second clips), and instax™ mini photo prints via the free, downloadable instax mini Evo™ smartphone app. This 3-in-1 camera is designed to give users one of the most dyna.

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wealthfront Corporation (“Wealthfront” or “the Company”) (NASDAQ: WLTH) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Barron’s reported on January 13, 2026, that shares of Wealthpoint “dropped 14% Tuesday morning after the wealth management company reported quarterly earnings and provided data on Monday afternoon that showed some softening in asset flows in November and December.”

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025.... Purchase Licensing Rights, opens new tab Read more

SummaryVenezuela resumes oil exports amid U.S. embargo reversalIran protests raise fears of supply disruptions, geopolitical risksU.S. crude stocks rise, API says, indicating looser supply-demand balanceTOKYO, Jan 14 (Reuters) - Oil prices paused their run of gains on Wednesday, slipping ​after four days of increases, as Venezuela resumed exports, but fears of Iranian supply disruptions following ‌deadly civil unrest in the major Middle Eastern producer loom over the market.

Brent futures were trading 9 cents down, or 0.14% lower, at $65.38 a barrel at 0207 GMT. U.S. West Texas Intermediate crude was down 12 cents, or 0.20%, at $61.03 a barrel.

Sign up here.

Brent futures closed 2.5% higher on Tuesday while WTI gained 2.8% amid a 9.2% surge in prices for both ‌contracts over the past four trading sessions as the mounting protests in Iran have increased ​fears of supply disruptions from the fourth-largest OPEC producer.

U.S. President Donald Trump on Tuesday urged Iranians to keep protesting and said help was on the way without specifying what aid would be provided.

"Protests in Iran risk tightening global oil ‍balances through near-term supply losses, but mainly through rising geopolitical risk premium," analysts at Citi said in a note, in which they raised their outlook for Brent over the next three months to $70 a barrel.

The Citi analysts noted that so far the protests ⁠have not spread to the main Iranian oil producing areas, which has limited the effect on actual supply.

"Current risks ‍are skewed toward political and logistical frictions rather than direct outages, keeping the impact on Iranian crude supply and export flows ‌contained," they ‌said.

Offsetting the Iranian concerns, Venezuela, a founding member of the Organization of Petroleum Exporting Countries, has begun reversing oil production cuts made under a U.S. oil embargo as crude exports were also resuming, three sources said.

Two supertankers departed Venezuelan waters on Monday with about 1.8 million barrels each of crude in what may be the first shipments of ⁠a 50-million-barrel supply deal between ⁠Caracas and Washington to ​get exports moving again in the wake of the U.S. capture of Venezuelan President Nicolas Maduro.

Still, oil market fundamentals suggest a much looser supply and demand situation even amid the geopolitical issues.

That was reinforced by U.S. inventory data released late on Tuesday.

Crude ‍stocks in the U.S., the world's biggest oil consumer, rose by 5.23 million barrels in the week ended January 9, the American Petroleum Institute reported, according to market sources.

The sources also said the API data showed gasoline inventories rose by 8.23 million barrels, while distillate ​inventories rose by 4.34 million barrels from a week earlier.

Stockpile data ‍from the U.S. Energy Information Administration will be released later on Wednesday.

A Reuters poll showed on Tuesday U.S. crude oil stockpiles were expected to have ​fallen last week, while gasoline and distillate inventories likely rose.

Reporting by Katya Golubkova in Tokyo; Editing by Christian Schmollinger

Our Standards: The Thomson Reuters Trust Principles., opens new tab

SAN DIEGO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that investors in SLM Corporation a/k/a Sallie Mae (NASDAQ: SLM; SLMBP) securities between July 25, 2025 and August 14, 2025, all dates inclusive (the “Class Period”), have until February 17, 2026 to seek appointment as lead plaintiff of the SLM class action lawsuit. Captioned Zappia v. SLM Corporation a/k/a Sallie Mae, No. 25-cv-18834 (D.N.J.), the SLM class action lawsuit charges SLM as well as certain of SLM’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the SLM class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-slm-corporation-a-k-a-sallie-mae-class-action-lawsuit-slm-slmbp.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: SLM, through its subsidiaries, originates and services private education loans (“PELs”).

The SLM class action lawsuit alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) SLM was experiencing a significant increase in early stage delinquencies; and (ii) accordingly, defendants overstated the effectiveness of SLM’s loss mitigation and/or loan modification programs, as well as the overall stability of SLM’s PEL delinquency rates.

The SLM investor class action further alleges that on August 14, 2025, investment bank TD Cowen issued a report addressing SLM, flagging that, “[o]verall, July [2025] delinquencies were up 49 bp m/m, higher (worse) than the seasonal (+10 bps) performance for July, driven by a 45 bps increase in early stage delinquencies.” Notably, TD Cowen’s findings directly contradicted assurances made by SLM’s CFO, defendant Peter M. Graham – made late in the month of July 2025 – that defendants were observing delinquency rates that “really are following the normal seasonal trends we would expect in the business,” the complaint alleges. Following this news, the price of SLM’s stock fell by approximately 8%, the SLM shareholder class action claims.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who invested in SLM securities during the Class Period to seek appointment as lead plaintiff in the SLM class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the SLM investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the SLM shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the SLM class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        J.C. Sanchez
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800-449-4900
        [email protected]

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.

Phoenix Education Partners, Inc. (PXED) Q1 2026 Earnings Call January 13, 2026 5:00 PM EST

Company Participants

Christopher Lynne - President, CEO & Director
Blair Westblom - CFO & Treasurer

Conference Call Participants

Elizabeth Coronelli - EOP Operating Limited Partnership
Gregory Parrish - Morgan Stanley, Research Division
Alexander Paris - Barrington Research Associates, Inc., Research Division
Jasper Bibb - Truist Securities, Inc., Research Division
Griffin Boss - B. Riley Securities, Inc., Research Division
Keen Fai Tong - Goldman Sachs Group, Inc., Research Division
Jeffrey Silber - BMO Capital Markets Equity Research
Stephanie Benjamin Moore - Jefferies LLC, Research Division
Robert Sanderson - Loop Capital Markets LLC, Research Division

Presentation

Operator

Good afternoon and welcome to Phoenix Education Partners First Quarter Fiscal 2026 Earnings Conference Call. Today's call is being recorded. [Operator Instructions]

I would now like to turn the call over to Beth Coronelli, Vice President of Investor Relations. Please go ahead.

Elizabeth Coronelli
EOP Operating Limited Partnership

Welcome to the Phoenix Education Partners First Quarter Fiscal 2026 Earnings Conference Call. Speaking on today's call are Chris Lynne, our Chief Executive Officer; and Blair Westblom, our Chief Financial Officer.

Before we begin, I would like to remind everyone that certain statements and projections of future results made in this presentation constitute forward-looking statements that are based on current market, competitive and regulatory expectations and are subject to risks and uncertainties that could cause actual results to vary materially. Listeners should not place undue reliance on such statements. We undertake no obligation to update publicly any forward-looking statement after this presentation, whether a result of new information, future events, changes in assumptions or otherwise. The risks related to these forward-looking statements are described in our filings with the SEC, including our most recent Form 10-K, Form 10-Q and other public filings.

We will also discuss certain non-GAAP financial

Amgen CEO Bob Bradway joins 'Mad Money' host Jim Cramer to talk its rare disease business, its weight-loss drug offering, what is in Amgen's pipeline, and more.

Amgen CEO Bob Bradway joins 'Mad Money' host Jim Cramer to talk its rare disease business, its weight-loss drug offering, what is in Amgen's pipeline, and more.

DENTSPLY SIRONA Inc. (XRAY) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 6:00 PM EST

Company Participants

Daniel Scavilla - President, CEO, Interim Principal Financial Officer & Director

Conference Call Participants

Lilia-Celine Lozada - JPMorgan Chase & Co, Research Division

Presentation

Lilia-Celine Lozada
JPMorgan Chase & Co, Research Division

Hi, everyone. Thanks for joining. I'm Lily Lozada. I'm part of the med tech team here at JPMorgan. Very happy to have the Dentsply Sirona team with us here with us today.

I'll pass it over to CEO, Dan Scavilla, and then we'll do some Q&A afterwards.

Daniel Scavilla
President, CEO, Interim Principal Financial Officer & Director

Thanks, Lily, and good afternoon, everyone. My name is Dan Scavilla, CEO of Dentsply Sirona. I joined the team five months ago. Prior to that, I spent 10.5 years at Globus Medical in various roles, including CFO, COO and CEO. There, we actually had a great opportunity of taking our revenue from $300 million to $3 billion. And in doing that, really focus on sustained profitable growth, and delivering best-in-class margins in the med dev arena.

Prior to that, I had 28 years with Johnson & Johnson. There, I had worked in pharmaceutical, biologics, consumer health care and med dev. In J&J, that gave me an exposure to multiple areas in the health care environment, also taught me a lot of business models that I feel are applicable today.

I joined Dentsply Sirona, and I may refer to that as DS or Dentsply Sirona, I may call DS as we go through this conversation. Really, when I realized the strength of our brands, the brand loyalty that we have with our customers and the fact that we have an integrated portfolio that really will allow us to shape the future of dentistry and connected dentistry using our