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Simplicity AI SDK with new Simplicity Design Intelligence, open-source development, and Databricks initiatives help developers build faster and bring edge AI into enterprise workflows

, /PRNewswire/ -- Works With Summit 2026 – Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless connectivity, today announced a set of developer initiatives that makes it easier to build, extend, and operate increasingly capable IoT devices. Unveiled at the company's seventh annual Works With Summit, the new offerings expand what developers and their AI agents can create on the Silicon Labs platform, while helping customers develop, deploy, and manage intelligence at the edge.

News at a Glance

Design with AI: The Simplicity AI SDK is now in public Beta and supports AI coding assistants including GitHub Copilot, Cursor, and Codex. Silicon Labs is also introducing Simplicity Design Intelligence, a broad and growing set of capabilities designed to understand hardware and software intent, help customers turn that intent into a working product, and verify the implementation against the original intent. Hardware Intent is the first capability.Build and extend: The Silicon Labs open-source community is launching in Beta with Bluetooth® Low Energy (LE), giving developers access to sample applications and tooling and a direct way to raise issues, propose fixes, contribute code, and extend the Silicon Labs software platform.Scale edge intelligence: Silicon Labs' platform-agnostic edge AI and machine learning tools can now connect with Databricks, the data and AI company, so customers can manage data, models, embedded optimization, and hardware test results with governed enterprise data and AI workflows on the Databricks Data + AI platform.Development Complexity Cannot Scale with IoT

As connected products add intelligence and custom hardware, building them grows more complex. Developers navigate specialized SDKs, configuration tools, debugging environments, and hardware constraints while using general-purpose AI assistants that do not inherently understand Silicon Labs devices or embedded workflows. Development teams also need better ways to share improvements and manage AI models as intelligence moves from the cloud onto edge devices. If workflows become harder with every new capability, development complexity becomes a barrier to scaling IoT.

"More capable silicon should not create more development complexity," said Manish Kothari, Senior Vice President of Software at Silicon Labs. "We are giving developers and their AI agents a connected path from hardware and software intent through implementation, community contribution, and the complete AI lifecycle."

Simplicity AI SDK and Simplicity Design Intelligence Connect Intent to Product

Simplicity AI SDK has entered public Beta, giving developers and their AI coding assistants structured access to Silicon Labs SDKs, tools, documentation, and connected hardware. Rather than requiring a proprietary AI assistant, the SDK works with tools developers may already use. GitHub Copilot, Cursor, and Codex are supported in the Beta. This grounding gives general-purpose AI assistants Silicon Labs-specific context. The first officially supported experience focuses on Bluetooth® Low Energy (LE), with workflows spanning project creation and configuration, building, flashing, debugging, network and power analysis, documentation search, and hardware interaction.

Simplicity Design Intelligence extends that foundation. It is a broad and growing set of Silicon Labs capabilities designed to understand hardware and software intent, help customers realize that intent in a working product, and verify the implementation against the original intent. Hardware Intent is the first capability. It uses product requirements, board schematics, and other input hardware documentation from datasheets to meeting notes to guide pin, peripheral, and software configuration, then compares the result with the original intent. This can find pin conflicts, peripheral mismatches, and missing constraints before fabrication and help reduce avoidable board respins.

"We've been working closely with Silicon Labs as an Alpha customer, evaluating how the Hardware Intent Agent can streamline hardware development across our current and future products while providing feedback on new features as it progresses towards general release," said Limor Alkelai, Co-CEO, at Risco Group. "We see its potential in enabling quicker and more robust development."

Collaborate, Build, and Extend Through the Open-Source Community

Drawing on its experience advancing open-source development for Matter, Thread, and Zephyr, Silicon Labs is launching its open-source developer community in Beta, beginning with Bluetooth LE. The mantra is simple: build and extend. Developers can build with Silicon Labs sample applications and tooling, then extend the platform by raising issues, suggesting fixes, and contributing through pull requests.

Accepted contributions can move through the company's normal engineering and testing processes into future SDK releases. Even before acceptance, proposed fixes and discussions can remain visible to other developers, giving the community another way to share knowledge and solve common problems. The Silicon Labs applications team will support issues raised on GitHub, and Silicon Labs plans to expand this approach to additional wireless technologies over time.

Scale the Complete Edge AI Lifecycle with Databricks

As edge AI grows, model development also needs to connect with the data and AI infrastructure enterprises already use. Silicon Labs is partnering with Databricks to bring embedded edge AI into Databricks, creating a unified, governed foundation for connecting edge devices with enterprise data, AI, and machine learning workflows.

An initial Silicon Labs MLOps SDK experience connects devices with Databricks to help capture data from the device fleet. Once the data is in Databricks, all the familiar MLOps tools and training pipelines and GPU resources are available directly for training. Once a model is trained, the Silicon Labs ML Profiler can provide directionally accurate feedback on whether a model fits target hardware and its memory and CPU requirements. That feedback can help ML engineers iterate while remaining in a familiar Databricks environment, connecting model development with the enterprise data and governance that underpin production AI. This approach helps enterprises extend AI from the cloud to the edge without creating separate data and AI stacks for embedded workloads.

A Platform that Developers Can Build and Extend

Together, these initiatives scale the development system at three levels:

The Simplicity AI SDK and Simplicity Design Intelligence help developers and their AI agents move from hardware and software intent to a working product, with Hardware Intent as the first of a growing set of Design Intelligence capabilities.The open-source community gives developers a direct way to build and extend the platform.Silicon Labs edge AI tools and Databricks connect embedded AI development with enterprise data and AI governance. Silicon Labs intends to make increasingly capable silicon easier to use and earn the position of platform of choice for embedded wireless development.Availability and Next Steps

The Simplicity AI SDK Beta is publicly available, with official support initially focused on Bluetooth LE and support for GitHub Copilot and Codex. An alpha release of Hardware Intent, the first capability in Simplicity Design Intelligence, is planned for January 2027.

The Silicon Labs open-source community Beta launches with Bluetooth LE, and its sample applications are accessible on GitHub for code review and contributions.

Initial Silicon Labs MLOps tools are available in Databricks today.

About Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over sixteen countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.

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SOURCE Silicon Labs

Two products can pay the same yield and still carry very different risks. That was the core argument Ethena Labs founder and CEO Guy Young brought to TOKEN2049 in Singapore.

Young said yield is not commoditized, because trust in how each operator manages risk varies widely.

What Young argued, and why Ethena is the one arguing it TOKEN2049 Singapore ran October 7-8, 2026. Young used his panel appearance to push back on a popular idea: that yield in crypto is a race to the bottom, where users simply chase the highest number.

Ethena’s flagship products make this argument personal. The protocol issues USDe, a synthetic dollar, and sUSDe, a version of it that earns yield.

The mechanics run on what’s called a delta-neutral strategy. Ethena holds staked crypto assets and simultaneously opens short positions in perpetual futures, a type of derivative contract with no expiry date.

Stripped down: if the underlying asset’s price rises, the staked holdings gain and the short loses, and vice versa. The two sides roughly cancel out, leaving the position stable in dollar terms while collecting staking rewards and funding payments.

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The risks Ethena has to manage The biggest one is counterparty exposure. Because those short positions live on centralized exchanges, Ethena depends on those venues staying solvent and operational.

Historically, approximately 48-50% of Ethena’s exchange counterparty exposure has been concentrated on Binance.

Ethena also maintains an insurance fund that backs its operations. The fund is meant to absorb shocks, such as stretches when funding rates on perpetual futures turn negative and the short side starts costing money instead of earning it.

On the operational side, the company has completed a SOC 2 Type II audit, an independent review of whether a company’s internal controls actually work over time, not just on paper.

A bumpy road to this argument USDe supply peaked near $15B before contracting sharply following stress events in late 2025.

Regulators have also weighed in. In 2025, Germany’s financial watchdog BaFin issued a wind-down order for Ethena’s German entity.

Since then, the company has been busy reshaping its business. It secured a $1B credit facility with FalconX in 2026.

Ethena has also expanded into tokenized US equities through Binance bStocks, and moved into equity perpetuals with Binance as of September 2026. It has integrated onto the TRON blockchain as well.

Meanwhile, token incentives tied to USDe growth were set to end by late September 2026.

What this means for the yield market The institutional angle is where this gets real. Larger allocators typically care less about squeezing out an extra point of yield and more about whether the operator can document its controls. A completed SOC 2 Type II audit and a $1B credit facility are the kinds of credentials that speak to that audience.

Still, Ethena’s own profile shows the limits of the argument. Concentration of roughly half its exchange exposure on Binance is the sort of risk that a trust-focused investor would scrutinize closely, especially as the company deepens its partnership with that same exchange through equity products.

Things to watch from here: whether USDe supply recovers now that growth incentives have wound down, whether Ethena diversifies its exchange counterparty exposure, and how the equity products perform under real market stress.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

Former BitMEX CEO Arthur Hayes believes the AI investment mania will be a major positive catalyst for Bitcoin if it ends up crashing down.

In an interview with CNBC at the Gamma Prime Investing Conference in Singapore, Hayes said that the excessive investments pouring into AI data centers are ripe for an oversupply.

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The current investment mania in AI is a multitrillion-dollar case of capital misallocation, said Hayes. At the end of the day, all this means is that we will have cheap and accessible massive compute power.

This might be a painful journey for financial markets in the process.

Why AI crash could be bullish for BitcoinIf the AI infrastructure boom leads to a major credit crisis, governments and central banks will eventually intervene, according to Hayes. 

They will inject additional liquidity into the financial system. In his opinion, Bitcoin and other cryptos are the likely winners of all this excess cash.

The immediate catalyst for a Bitcoin boost is not necessarily an AI crash. Initially, a major deleveraging move could be negative for risk assets. But afterwards, the monetary response could be bullish for stocks.

This could play out around 2027–2028, when the companies that promised all this massive compute power need to actually generate enough money to justify the costs.

It could also be that over the next year, the demand for AI becomes strong enough to justify this large infrastructure investment. Hayes admits that this could be a potential scenario. Basically, the usefulness of AI may allow companies to grow into these massive compute costs.

This is not the first time Hayes has envisioned such a scenario.

In August, the co-founder of BitMEX compared the AI infrastructure boom to the credit excesses before the financial crisis of 2008. But rather than viewing this current cycle as another dot-com tech bubble, Hayes said people should pay attention to the debt financing for the data centers and expensive compute hardware.

Currently, Hayes himself is not shorting the AI boom. Still, he is pretty confident that there is a lot of overbuilding.

Circle wanted a feel-good moment. It got a history lesson instead.

On October 5, 2026, the USDC issuer shared a post featuring rapper DJ Khaled in a Chelsea FC jersey bearing the words “USDC by Circle.” Within hours, replies on X had pulled up Khaled’s 2018 settlement with the Securities and Exchange Commission over a crypto promotion that ended badly.

The backlash ran through October 5 and 6. It now stands as a fresh case study in how celebrity association can backfire in crypto, even when nobody signs a contract.

What Circle actually said The wording matters here. Circle CEO Jeremy Allaire referred to Khaled as part of “team USDC.” He did not describe a formal sponsorship, a paid ambassador deal, or any business arrangement.

Circle’s posts made no sponsorship announcement either. As far as the public record shows, Khaled was simply photographed wearing a shirt from a club Circle sponsors.

That nuance did not survive contact with the replies. Many users saw the welcome as an endorsement, and the gap between a friendly shoutout and a commercial deal stayed unclear.

The 2018 settlement users dug up The episode replies kept surfacing dates back to the 2017 initial coin offering boom. Khaled promoted the ICO of Centra Tech, a project the SEC later deemed fraudulent.

Centra Tech’s token sale raised approximately $25 million in 2017. The problem for Khaled was not just the project’s fate. He failed to disclose that he had been compensated for the promotion.

In November 2018, Khaled settled with the SEC. He paid a total of roughly $153,000, including penalties, to resolve the matter.

Why Chelsea is in the picture The jersey itself comes from one of Circle’s biggest marketing bets. On August 28, 2026, Circle became Chelsea FC’s principal partner and front-of-shirt sponsor for the 2026/27 season.

The flip side is that Circle no longer controls who wears its logo. Anyone in a Chelsea shirt, Khaled included, becomes an unofficial billboard for USDC.

Circle’s choice to amplify this particular photo is what turned a jersey sighting into a news cycle. Had the company stayed quiet, the image might have passed as just another celebrity in a football kit.

The stakes for USDC USDC carries a market capitalization of approximately $74 billion. It holds about 25% of the stablecoin market, a space dominated by Tether’s USDT.

Stablecoins are meant to be the boring part of crypto. Each token is designed to track the US dollar, so a USDC should always be worth one dollar.

That design means a stablecoin’s brand is effectively its balance sheet promise. Users hold USDC because they trust Circle to keep the peg intact and the reserves in order.

No regulatory fallout, but a reputational nick There are no direct regulatory consequences for USDC stemming from the episode. Circle made no claims about returns or investment value, and no formal endorsement was announced.

Still, the reaction shows how sensitive the crypto community remains about celebrity promotion. The ICO era left a long trail of famous faces attached to projects that collapsed.

What this means For Circle, the immediate lesson is about clarity. A vague “welcome to the team” can read as an endorsement whether or not money changed hands. When the person being welcomed has a public enforcement history tied to crypto promotion, that ambiguity becomes a liability.

With roughly a quarter of the stablecoin market, Circle is clearly trying to grow USDC’s profile against a much larger rival. The Chelsea deal signals that it is willing to spend heavily on brand awareness.

Due diligence on public figures has become part of the cost of doing business in crypto marketing. A quick search of SEC settlements would have flagged Khaled’s history in seconds. The replies under Circle’s post did exactly that, for free and in public.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

New features broaden in-plan retirement income access and strengthen support for plan sponsors and participants

, /PRNewswire/ -- J.P. Morgan Asset Management today announced enhancements to Retirement Link℠, its workplace retirement offering for employers with 401(k), 403(b) and nonqualified plans to help advisors, plan sponsors and participants prepare for retirement. The updates broaden access to in-plan retirement income solutions, strengthen implementation and ongoing operational services to simplify plan administration, and expand participant communications to increase engagement. The enhancements are delivered through a deepened recordkeeping partnership with Empower, building on a relationship that dates back to 2012.

"Helping participants achieve a secure retirement is at the core of everything we do. Plan sponsors today are looking for ways to support people throughout their retirement journey. We believe these expanded capabilities can strengthen retirement readiness by delivering clearer education and access to retirement income solutions," said Steve Rubino, Head of Retirement at J.P. Morgan Asset Management. "We look forward to continuing our partnership with Empower to extend these capabilities through our recordkeeping experience."

"Our longstanding relationship with J.P. Morgan Asset Management has been built on a shared commitment to helping individuals achieve their financial goals," said Joe Smolen, President of Empower Workplace Solutions. "We're proud to help build upon that foundation by expanding the products and solutions available to individuals, giving them more ways to meet their evolving needs and pursue greater financial well-being."

The expanded capabilities are designed to support plan sponsors and advisors with:

Broader access to retirement income solutions. In J.P. Morgan Asset Management's 2026 Defined Contribution Plan Participant Survey, 91% of participants expressed interest in in-plan guaranteed retirement income solutions, and 75% said they would likely keep assets in-plan if their plan offered an income solution. Plan sponsors will have the option to access J.P. Morgan Asset Management's SmartRetirement Lifetime Income, its retirement income solution offered in a target date format, across all of Empower's recordkeeping platforms.  Enhanced implementation and ongoing sponsor operations. J.P. Morgan Asset Management is enhancing the implementation and onboarding experience to be more seamless by  leveraging additional resources and technology. Plan sponsors will also benefit from expanded operational services, such as enhanced required minimum distribution (RMD) processing, designed to simplify day-to-day administration and reduce overall administrative burden. Expanded participant communications and education. Building on Retirement Link's best-in-class service model1, J.P. Morgan Asset Management is adding participant engagement resources and educational support, including multilingual resources, to help participants make better financial decisions and improve their retirement readiness. J.P. Morgan Asset Management's retirement recordkeeping platform includes Retirement Link℠ and Everyday 401(k), supporting workplace retirement plans for employers ranging from first-time plan sponsors to established small- to mid-market plans. The platform combines investment solutions with implementation support, ongoing sponsor operations and participant communications delivered through the recordkeeping experience.

These recordkeeping capabilities are part of J.P. Morgan Asset Management's broader retirement offering that includes defined contribution investments, such as the award-winning2 SmartRetirement target date franchise, and thought leadership through the Retirement Insights program, including the Guide to Retirement and other in-depth analyses of timely retirement topics.

For more information about Retirement Link, please visit its dedicated website.

1NMG Satisfaction Survey, 2025. Scores reflect clients who provided 7/6 on a 7-point scale. When evaluating DC providers, a top 2 box rating of 85% or greater corresponds to best-in-class rating. Chatham Partners is a market research/consulting firm offering custom lifecycle-oriented research to the financial services industry. Their independent third-party research tracks J.P. Morgan's effectiveness in delivering client service to retirement client's and benchmarks J.P. Morgan's standing relative to other mid- and small-market defined contribution providers. Retirement Link has been #1 since NMG, formerly Chatham Partners, started reporting the Customer Experience score in 2019.

2 Morningstar Medalist Rating™ Target-Date categories. "Gold" Medalist rating applies to SmartRetirement Blend R6 mutual funds only.

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $4.6 trillion as of June 30, 2026, is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $5.0 trillion in assets and $375 billion in stockholders' equity as of June 30, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Empower
Recognized as a leader in retirement services and wealth management, Empower administers more than $2.1 trillion in assets for more than 20 million individuals through the provision of workplace and individual retirement plans, advice, financial planning and investments. Connect with us on empower.com, Facebook, X,  LinkedIn, TikTok, and Instagram.

SOURCE J.P. Morgan Asset Management

Grayscale is strengthening its bullish stance towards Zcash as institutional attention shifts increasingly towards blockchain privacy. Just recently, the asset manager mentioned that Zcash could continue extending its share of the blockchain privacy market.

The privacy narrative is now gaining another platform through Grayscale Head of Research Zach Pandl.

Reportedly, Zach is expected to present the “Macro Case for Zcash” at Singapore’s Digital Asset Yield Summit today, 6th October.

Pandl’s appearance is expected to bring Zcash’s privacy proposition before an audience focused increasingly on opportunities around institutional digital assets. This development also follows the expanding interest in those cryptocurrencies that mainly focus on privacy as investors reassess their role within the wider market.

Notably, that attention arrives as ZEC large holders simultaneously move substantial supply away from trading platforms.

Fresh accumulation validates ZEC demand According to Lookonchain on an X post, a new wallet withdrew 7,166 ZEC valued roughly  $9.67 million from Coinbase within 12 hours. Moving such a considerable position from Coinbase decreased the amount of ZEC tokens immediately available on the exchange.

Besides, the spot market activity additionally favoured the underlying demand outlook despite ZEC’s ongoing price correction.

In particular, the Spot Taker CVD indicator remained taker-buy dominant at press time, suggesting aggressive buyers continued outweighing sellers across the spot markets. The combination therefore placed the Coinbase withdrawal within a broader pattern of continued spot demand.

The bulls were, however, yet to translate that demand into a sustained price recovery.

Source: Zcash Spot Taker CVD on CryptoQuant Liquidation liquidity builds above Zcash ZEC’s Binance Liquidation Heatmap shows a significant concentration of leveraged positions sitting above its prevailing market price.

Notably, the strongest nearby liquidity cluster can be seen around the $1,370 – $1,380 region, introducing a potential liquidity target in case of a price recovery.

Besides, further liquidation levels extended above this region, although their concentration became more dispersed towards $1,400. This positioning created considerable overhead liquidity as ZEC price attempted to stabilize following its retracement from recent highs.

A rebound from the developing key support could bring the $1,370–$1,380 cluster zone into focus first. ZEC price moving towards this area could trigger short liquidations and potentially validate an initial recovery attempt.

Source: Binance ZEC/USDT Liquidation Heatmap on CoinGlass ZEC retraces after completing Elliott impulse wave Zcash retraced after completing the Elliott impulse wave earlier predicted by AMBCrypto.

The earlier setup projected a fifth-wave advance towards the $1,500 price level after ZEC established wave-four support around the $1,054.72 area.

Eventually, Zcash [ZEC] price exceeded that target, reaching the $1,600–$1,700 region before a correction developed.

Subsequently, ZEC pulled back towards the $1,295 area, where the bulls attempted to establish near-term support.

The RSI indicator also cooled to 49.65 following the correction, reflecting weaker buying pressure after the previous overbought conditions.

A sustained hold of the $1,295 level could support a relief move toward the dense liquidation cluster around the $1,370–$1,380 region.

Losing $1,295 support however could likely extend the retracement towards the order block immediately below, which stretches towards $1,100, providing a deeper structural support.

A reaction from this order block could therefore introduce another base for buyers in case the $1,295 support fails.

Source: ZEC/USDT Chart on TradingView Final Summary Grayscale’s growing Zcash focus coincides with a fresh $9.67 million Coinbase withdrawal. ZEC finding support at $1,295 could open a recovery path toward the overhead liquidity.

Buying a Ferrari usually takes a waiting list, a serious bank balance and a fair amount of patience. Owning a sliver of the company behind the cars now takes a Solana wallet.

Tokenized shares of Ferrari NV, trading as $RACE, are now available on Solana through the Sunrise asset gateway, with Backpack as the issuer. The launch took effect October 6, 2026. It adds one of the most recognizable luxury brands to a growing shelf of onchain equities.

How the $RACE token works Each $RACE token is backed 1:1 by an actual Ferrari share held in regulated custody. Backpack Securities serves as the issuer, and holders can redeem their tokens back into traditional stock entitlements through Backpack Securities.

The token’s contract address is RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD. Checking that string before buying is the simplest way to confirm you are holding the genuine article.

Sunrise handles distribution. The gateway is designed to plug tokenized stocks into wallets and decentralized exchanges, or DEXs, which are trading venues where users swap tokens directly without a traditional broker in the middle.

Supported venues include Phantom, Jupiter and Raydium. Trading runs 24/7. The tokens are built to be eligible for dividends and corporate actions.

From SpaceX to supercars Ferrari is not the first big name to arrive on this rail. The $RACE launch is tied to an ongoing partnership that started with tokenized SpaceX shares in June 2026.

Backpack Securities aims to expand the number of tokenized stock symbols on Solana from the current 200 toward a goal of 10,000.

What this means for investors and Solana Several things are worth watching from here. First, whether $RACE builds meaningful trading activity on Solana DEXs, since a token with thin volume offers little of the promised liquidity.

Second, how smoothly redemption through Backpack Securities works in practice. The 1:1 backing is the foundation of the product, and confidence depends on the ability to convert tokens back into stock entitlements when holders want to.

Third, how dividends and corporate actions get passed through to token holders. Fourth, round-the-clock trading creates a practical puzzle: when the underlying market is closed, the token keeps trading, so how closely its price stays aligned with the real share during those hours will be a revealing test of the model.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Muneeb Ali is back in charge at Stacks Labs. His opening move was a pledge to transfer intellectual property to the Stacks Endowment, the entity that funds the company’s work.

Ali, a co-founder of the Bitcoin-focused Stacks network, paired the IP pledge with a two-year roadmap. It centers on Bitcoin privacy and post-quantum technology, and he also committed to a public call with token holders within 30 days.

What Ali is promising Ali is set to formally take the CEO role at Stacks Labs on October 15, 2026. He replaces interim leader Alex Miller, who will shift into an advisory role.

The IP transfer pledge is the headline commitment. The technology and assets developed at Labs would sit with the Endowment rather than with the company doing the building.

That matters because of how the money flows. Stacks Labs is funded by the Stacks Endowment under SIP-031, the governance framework that sets out how the Endowment finances Labs’ operations.

Founder-led entities in the Stacks ecosystem have previously aligned assets with the Endowment, so Ali’s pledge follows an existing pattern rather than inventing a new one.

The two-year roadmap sets out several priorities:

Institutional-grade privacy for Bitcoin-based activity Post-quantum security, meaning cryptography designed to hold up against future quantum computers that could break today’s encryption A 100x capacity improvement for the network Expanded capital markets for Bitcoin yield Institutional engagement more broadly The holder call is expected within 30 days of the late-September announcement.

The market noticed STX, the network’s native token, rose approximately 28% after news of Ali’s return to leadership.

The timing also lines up with a product milestone. Self-custodial Bitcoin staking went live on Stacks in September 2026, with rewards starting to flow to participants in mid-September.

How Stacks got here Stacks Labs was formed as part of a significant restructuring of the Stacks ecosystem in 2025. That reorganization separated the builders from the funders. Labs handles development work, while the Endowment controls the purse strings under SIP-031.

Alex Miller led Labs on an interim basis through that period. His move to an advisory role keeps him in the picture as Ali takes over day-to-day leadership.

What this means for STX holders and the ecosystem The IP transfer pledge is arguably more important than the price move. By pledging IP to the Endowment, Ali is signaling that Labs’ output belongs to the ecosystem’s funding body. A pledge is not the same as a completed transfer, and the specifics will matter.

The holder call is the first checkpoint. Expect questions about what IP is covered, when the transfer would happen, and how SIP-031 governance would apply to it.

Watch three things in the coming weeks: Ali’s official start on October 15, the timing and content of the holder call, and any concrete terms for the IP transfer to the Endowment.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

 | Source: Vaxcyte, Inc.

SAN CARLOS, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, announced today the pricing of concurrent underwritten public offerings of 7,412,500 shares of common stock, pre-funded warrants to purchase 400,000 shares of common stock and $500 million aggregate principal amount of 1.50% convertible senior notes due 2032 (the “notes”). The shares of common stock are being sold at a public offering price of $64.00 per share, and the pre-funded warrants are being sold at a public offering price of $63.999 per pre-funded warrant. The exercise price of the pre-funded warrants is $0.001 per share. The shares of common stock, pre-funded warrants and notes to be sold in the offerings are being offered by Vaxcyte. Vaxcyte has granted the underwriters of the common stock and pre-funded warrant offering a 30-day option to purchase up to an additional 1,171,875 shares of its common stock at the public offering price per share, and has granted the underwriters of the note offering a 30-day option to purchase up to an additional $75 million aggregate principal amount of notes at the public offering price, solely to cover over-allotments, in each case less underwriting discounts and commissions.

The aggregate gross proceeds to Vaxcyte from the common stock and pre-funded warrants offering are expected to be approximately $500 million and the aggregate gross proceeds to Vaxcyte from the notes offering are expected to be $500 million, in each case before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of any pre-funded warrants and assuming no exercise of the underwriters’ options.

Vaxcyte intends to use the net proceeds from the offerings to fund (i) clinical development of the VAX-31 adult and pediatric programs, including (a) for the ongoing VAX-31 adult Phase 3 program, the trial evaluating concomitant administration with a seasonal influenza vaccine (OPUS-2, enrolled), the trial in adults who have previously received a pneumococcal vaccine (OPUS-3, enrolled) and the planned manufacturing consistency study, and the anticipated topline safety, tolerability and immunogenicity data announcements from such studies, and (b) for the VAX-31 infant Phase 2 dose-finding study (enrolled), the anticipated topline data announcement(s) from the primary three-dose immunization series and booster dose; (ii) manufacturing scale-up, processes and supply to support our clinical studies and the potential commercial launches of our PCV programs, including (a) to establish additional manufacturing capacity to meet potential incremental supply requirements for the global adult and pediatric populations following the potential initial commercial launch of VAX-31 in adults in the United States and (b) to build inventory levels in advance of such potential commercial launch; (iii) medical affairs, commercial and systems-related investments to prepare for and execute the anticipated U.S. launch of VAX-31 in adults; (iv) ongoing research and development of our other early-stage pipeline vaccine candidates; and (v) general corporate purposes, including working capital, operating expenses and capital expenditures, as well as potential expansion of Vaxcyte’s research pipeline.

The completion of the common stock and pre-funded warrant offering is not contingent on the completion of the note offering, and the completion of the note offering is not contingent on the completion of the common stock and pre-funded warrant offering.

The offerings are expected to close on October 9, 2026, subject to the satisfaction of customary closing conditions.

Jefferies, Leerink Partners, BofA Securities, Evercore ISI, Goldman Sachs & Co. LLC and Guggenheim Securities are acting as joint book-running managers for the common stock and pre-funded warrant offering. Mizuho is acting as bookrunner and BTIG is acting as lead manager for the common stock and pre-funded warrant offering.

Jefferies, Leerink Partners, BofA Securities, Goldman Sachs & Co. LLC and Evercore ISI are acting as joint book-running managers for the note offering. Guggenheim Securities and Mizuho are acting as bookrunners and Needham & Company is acting as lead manager for the note offering.

J. Wood Capital Advisors is acting as financial advisor to Vaxcyte in connection with the note offering.

The notes will be senior, unsecured obligations of Vaxcyte and will accrue interest at a rate of 1.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2027. The notes will mature on October 15, 2032, unless earlier repurchased, redeemed or converted. Before July 15, 2032, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after July 15, 2032, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Vaxcyte will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Vaxcyte's election. The initial conversion rate is 11.1607 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $89.60 per share of common stock. The initial conversion price represents a premium of approximately 40.0% over the public offering price per share of common stock in the common stock offering. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Vaxcyte's option at any time, and from time to time, on or after October 22, 2029 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Vaxcyte's common stock exceeds 130% of the conversion price for a specified period of time. The notes will also be redeemable, in whole and not in part, for cash at Vaxcyte's election at any time if the principal amount of the notes then outstanding is less than 10% of the aggregate principal amount of the notes issued in this offering (including any additional notes issued pursuant to any exercise of the underwriters' option to purchase additional notes). The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

If a "fundamental change" (as defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Vaxcyte to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.

A shelf registration statement relating to the offered securities was filed with the Securities and Exchange Commission (SEC) and was automatically effective upon filing on May 24, 2024. A preliminary prospectus supplement and accompanying prospectus relating to each offering has been filed, and a final prospectus supplement and accompanying prospectus relating to each offering will be filed with the SEC and will be available on the SEC’s website, located at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to each offering may be obtained, when available, from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388, or by email at [email protected]; or Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by email at [email protected] or by phone at (800) 808-7525, ext. 6105.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vaxcyte

Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent pneumococcal conjugate vaccine (PCV) candidate being evaluated in the OPUS Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of invasive pneumococcal disease (IPD) and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, has generated positive Phase 2 clinical results in both adults and infants and is designed to cover more serotypes than any PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages Vaxcyte’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in Vaxcyte’s PCV franchise.

VAX-A1 is a prophylactic vaccine candidate designed to provide broad, strain-independent protection against disease caused by Group A Strep and is currently being evaluated in a Phase 1 clinical study in adults. Group A Strep remains a significant global cause of morbidity and mortality across both adult and pediatric populations and is a leading driver of antibiotic use, underscoring the substantial public health burden.

Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, Vaxcyte’s system for producing difficult-to-make proteins and antigens is intended to develop and deliver high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-GI, a vaccine candidate designed to prevent Shigella.

Forward-Looking Statements

This press release contains forward-looking statements regarding Vaxcyte, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the completion, timing and expected closing of the offerings, the expected amount of the gross proceeds of the offerings and the intended use of the net proceeds therefrom. Words such as “expects,” “intends,” “intended,” “designed,” “aim,” “will” and “may” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements represent Vaxcyte’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market and other conditions, the satisfaction of the closing conditions related to the offerings, risks described under the caption “Risk Factors” in the preliminary prospectus supplements (and, when available, the final prospectus supplements) for the offerings, risks relating to Vaxcyte’s business, and the other risks described more fully in Vaxcyte’s filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2026 or in other documents Vaxcyte subsequently files with or furnishes to the SEC. Vaxcyte may not consummate the offerings described in this press release and, if the offerings are consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. You should not place undue reliance on these forward-looking statements. The forward-looking statements included in this press release speak only as of the date of this press release, and Vaxcyte does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

Contacts:

Patrick Ryan, Executive Director, Corporate Affairs
Vaxcyte, Inc.
415-606-5135
[email protected]

Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940
[email protected]

Two changes affect Metis Andromeda this October:

• October 23, 2026: Stargate support for Metis Andromeda ends.

• October 30, 2026: LayerZero Labs' DVN (Decentralized Verifier Network) and Executor stop serving Metis Andromeda.

Most token holders don't need to do anything. Check the table below to see if you're affected.

Developers and OApp/OFT owners: the full migration steps, addresses and configuration are in the [Technical Migration Guide], also available under the Technical tab on the Metis website.

Do I need to act? If you... What to do Deadline Hold m.USDC, m.USDT, WETH or METIS on Metis Andromeda Nothing. These are issued by the Metis canonical bridge, not Stargate. None Provide liquidity to a Stargate V1 or V2 pool on Metis Unstake (if staked) and withdraw your liquidity. Oct 23, 2026 Hold METIS, HERA, QI or MTVT that you bridged to another chain through LayerZero V1 Bridge back to Metis Andromeda. See "Bridging back in" below. Oct 23, 2026 Run an OApp or OFT that sends messages to or from Metis Migrate, or get your pathways enabled on the new DVNs and Executor. Oct 30, 2026 Hold a LayerZero-bridged token issued by another project Follow that project's updates. Cross-chain transfers depend on the project completing its migration. Oct 30, 2026 What still works, and what doesn't Route Status Metis canonical bridge (Ethereum ↔ Metis Andromeda) for m.USDC, m.USDT, WETH and METIS Unchanged LayerZero V2: Metis ↔ Ethereum, Metis ↔ BNB Chain, Metis ↔ GOAT Network Supported on the new DVNs and Executor, for applications whose pathways have been enabled LayerZero V2: Metis ↔ any other chain Not covered by the new DVNs. Migrate before Oct 30 LayerZero V1 integrations (native METIS adapter, HERA, QI, MTVT) Cannot be configured on the new DVNs. Contact the Metis team Stargate V1 and V2 on Metis Andromeda Ends Oct 23, 2026 This change covers Stargate and LayerZero Labs' off-chain services. The Metis canonical bridge and other bridges are not affected.

Token holdersm.USDC, m.USDT, WETH and METIS on Metis Andromeda are issued by the Metis canonical bridge, not by Stargate or LayerZero. Minting and redemption through the Metis bridge continue as normal.

After October 23, 2026, these tokens can no longer be moved through Stargate. Stargate has never offered USDC on Metis Andromeda, and there are no Stargate Hydra assets (such as USDC.e) on Metis.

Liquidity providers: withdraw by October 23If you provide liquidity to any Stargate pool on Metis Andromeda, withdraw it before October 23, 2026.

Affected pools

• Stargate V2: USDT, ETH and METIS pools

• Stargate V1: USDT, METIS and MAI pools

Steps

1. Unstake first. If your LP tokens are staked, unstake them before withdrawing.

2. Withdraw in the Stargate app. Select Metis Andromeda and redeem your LP position.

3. Confirm. Check your wallet to confirm the underlying tokens have arrived.

4. Don't wait for the last days. Withdrawals depend on available liquidity at the time.

Stargate V1 pools close on every chain on December 15, 2026. On Metis Andromeda, cross-chain messaging stops earlier, so please withdraw V1 liquidity by October 23 as well.

Warning: Liquidity left in Stargate pools on Metis Andromeda after the deadline will become difficult or impossible to withdraw through the normal Stargate interface.

Pool and staking contract addresses are listed in the [Technical Migration Guide], Appendix A.

Bridging back inMetis Andromeda stays open in both directions. Here is how to move assets in after these changes.

Ethereum assets (USDC, USDT, ETH) → Metis Andromeda

Use the Metis canonical bridge. It issues m.USDC, m.USDT and WETH on Metis. It connects Ethereum and Metis Andromeda, so from other chains, bridge to Ethereum first. Stargate can no longer be used for this after October 23, 2026.

METIS, HERA, QI or MTVT bridged out through LayerZero V1

Bridge them back to Metis Andromeda before October 23, 2026, using the same route you used to leave. After that date these V1 routes are no longer supported. If you can't make the deadline, contact the Metis team.

Other LayerZero-bridged tokens (for example USDe, FRAX and others)

Whether you can bridge these in or out depends on whether the issuing project has enabled its pathway on the new DVNs and Executor. Supported pathways are Metis ↔ Ethereum, BNB Chain and GOAT Network. Check the project's official channels before bridging.

For developersIf your application sends LayerZero messages to or from Metis Andromeda, you have two options before October 30, 2026:

1. Keep supporting Metis Andromeda. Get your pathways enabled on the new DVNs and Executor, then update your LayerZero V2 ULN Send and Receive configuration.

2. Migrate your OFT or assets to another EVM chain that LayerZero continues to support.

 [Technical Migration Guide]‍

Key datesDate

What happens

Oct 23, 2026

Stargate support for Metis Andromeda ends. LayerZero V1 routes should be wound down by this date.

Oct 30, 2026

LayerZero Labs' DVN and Executor stop serving Metis Andromeda.

Dec 15, 2026

Stargate V1 pools close on all chains.

Need help?For pathway enablement, migration, or any Metis integration question, contact the Metis team on Telegram: https://t.me/MetisL2

Source: LayerZero Labs, Support Update [September 25, 2026].

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TL;DR: Deutsche Bank sees Silver’s physical deficit narrowing toward a possible 2027 surplus as solar demand intensity falls and vault inventories rebuild, but with Silver trading around 60.80, the next move still hinges on the near-term technical fight between 58.68 support and 62.30 resistance—and on Wednesday’s FOMC minutes.

Why This Matters Silver was trading around 60.80 in early Wednesday trade, well below the 71.16 late-August high and dramatically off levels above 120 seen earlier this year. The medium-term physical backdrop is also becoming less supportive, which raises a useful distinction for traders: a narrowing deficit is a slow-moving structural story that can cap how far a future rally extends, but it says little about which way Silver moves in the next session. That’s decided by the technical levels in play right now, and by how markets react to this week’s Fed signals.

Physical Tightness Is Easing, Deutsche Says Deutsche Bank’s Daniel Ghali argues that the market deficit is narrowing as inventories rebuild and demand weakens in several important areas, raising the possibility that the physical market could move into surplus in 2027.

The Deutsche report was published on October 2, with Ghali discussing the findings in an interview with BNN Bloomberg. London commercial vault holdings had risen to more than 914 million ounces by the end of August, according to the Deutsche analysis. More than 300 million ounces were considered freely available, around 70% above October 2025 levels and the highest since November 2024. CME and Shanghai inventories have also increased. Ghali attributes the rebuilding to a combination of recycling, metal returning from private vaults and weaker demand.

Solar Demand Is Doing Much of the Work The more important shift appears to be on the demand side. Deutsche estimates that global silver use in solar has fallen by more than 20%, including roughly one-third in China, while the amount of silver used per solar cell has declined around 17%.

That reduction in silver intensity has changed the economics of the sector. Silver’s share of solar-module costs had risen above 30% earlier this year but has since fallen back to around 14%. Indian imports are also running roughly 25% below year-ago levels, although August data indicated some recovery.

For Ghali, the result is that peak physical scarcity is now “clearly in the rear-view mirror.” Deutsche sees the current deficit shrinking and believes a physical surplus is possible next year. More available metal should also reduce the probability of the extreme squeezes that contributed to silver’s earlier volatility.

That conclusion still needs qualification. Neither the Deutsche material nor the media coverage provides a quantified 2027 surplus estimate, while China’s persistent price premium remains difficult to reconcile with an uncomplicated normalization story. The possibility that investment funds release additional metal in a prolonged Fed hiking cycle is also conditional rather than assured.

A Narrower Deficit Limits Upside, But It Is Not a Collapse Call The medium-term implication is less about outright bearishness than about a smaller scarcity premium. Deutsche expects silver to average around $70 by Q2 2027, still materially above current spot levels. The bank is therefore not arguing that the metal must fall substantially from here. Rather, the physical market appears better supplied than during the most acute phase of last year’s squeeze, potentially limiting the scope for another scarcity-driven surge.

That distinction matters. The physical balance is a slow-moving driver. It can influence how far a move ultimately extends, but it does not decide whether silver rises or falls in the next session.

ActionForex’s Technical View on Silver 62.30 Keeps Risks Tilted to the Downside The technical bias remains on the downside as long as 62.30 resistance holds. Silver’s decline from 71.16 still fits a three-wave corrective structure, with the first leg falling to 62.30, a rebound to 67.54, and the latest leg extending to 59.66 last week. That keeps the broader sequence of lower highs intact and leaves the burden on buyers to reclaim former support.

The first hurdle is the falling 4H 55 EMA around 61.76, but the more important level is 62.30, which has turned from support into resistance. As long as silver remains below there, another test of 59.66 remains the favored scenario. A decisive break above 62.30 would be the first meaningful sign that the decline from 71.16 may have completed, while a daily close above the 55 EMA near 63.92 would provide stronger medium-term confirmation.

58.68 Is the Key Downside Test A break below 59.66 would expose 58.68, the 100% projection of the 71.16 to 62.30 decline measured from 67.54. That is the next important test of whether the current correction is merely extending or turning into a deeper bearish move.

A firm break of 58.68 would strengthen the downside case and shift focus to 53.21, the 161.8% projection target, which sits below the 54.78 July low. Until 62.30 is reclaimed, the technical structure therefore continues to favor downside risk over a sustained recovery.

FOMC Minutes Matter More for the Next Session The next move is therefore more likely to be decided by US rates and Fed expectations than by the slower-moving physical balance.

The FOMC minutes are due at 2:00pm ET on Wednesday, while Fed commentary and US yields remain important as markets continue to price a December hike. With yields still near multi-decade highs, another rise in rates would keep pressure on silver, while a softer rates reaction could give the metal room to challenge 62.30.

The medium-term physical story is becoming less supportive. But in the near term, the technical decision remains much simpler: 62.30 on the upside and 58.68 on the downside.

Key Takeaways Deutsche Bank sees Silver’s physical deficit narrowing toward a possible 2027 surplus, driven mainly by a roughly 20% drop in solar demand and rebuilding vault inventories above 914 million ounces. Deutsche still expects Silver to average around $70 by Q2 2027—this is a smaller-scarcity-premium call, not a bearish collapse thesis. The near-term technical bias stays bearish while 62.30 resistance holds, with 59.66 the favored next test. A break below 58.68 would open the door to 53.21, below the July low at 54.78; a break above 62.30 (confirmed by a close above the 63.92 EMA) would be the first sign the decline from 71.16 has completed. Wednesday’s FOMC minutes and US yield reaction are likely to matter more for Silver’s next move than the slower-moving physical deficit story.

ActionForex

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Digital Realty’s Osaka campus expands with commencement of construction on a new 24 MW facility designed for high-density computing and advanced cooling

SINGAPORE, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, today announced the commencement of construction of KIX15, a new 24 megawatt (MW) data center at its KIX Campus in Ibaraki City, Osaka Prefecture, Japan.

Developed by MC Digital Realty (MCDR), Digital Realty’s 50/50 joint venture in Japan with Mitsubishi Corporation, KIX15 will be the fifth data center at the KIX Campus and is scheduled to commence operations in the fourth quarter of 2028. The new facility is planned to further expand Digital Realty’s presence across the Tokyo and Osaka metropolitan areas. Upon completion, KIX15 will bring MCDR’s Japan portfolio to 10 data centers, representing approximately 220 MW of aggregate IT capacity.

This expansion follows the opening of the NRT14 Data Center in Inzai City, Chiba Prefecture, earlier this year. NRT14 is one of the first facilities in Japan to achieve the DGX-Ready Data Center certification.

KIX15 will be part of PlatformDIGITAL®, Digital Realty’s global data center platform spanning 300+ data centers across 55+ metros in 30+ countries on six continents.

Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty, said, “Japan is a strategic market for Digital Realty and a key part of our long-term growth in Asia Pacific. Our continued investment in Japan reflects both our confidence in the market and our commitment to building the infrastructure customers will need for the long term.

“KIX15 is the next step in that commitment. As customer requirements become more distributed and complex, the combination of local scale and global reach will become increasingly important.”

Advancing AI Infrastructure in Kansai

KIX15 is a key component of MCDR’s Kansai AI Infrastructure Co-Creation Project, an initiative centered on the KIX Campus to support the development of AI infrastructure across the Kansai region.

The project brings together the expansion of the KIX Campus with stronger domestic and international connectivity and deeper collaboration with telecommunications and technology partners.

Kohei Yamashita, Representative Director and Chief Executive Officer of MC Digital Realty, said, “Kansai has a growing opportunity to play a larger role in Japan’s AI economy. Realizing that potential will require an ecosystem that can support businesses as they build and scale AI, bringing together computing infrastructure, connectivity and technology expertise.”

As adoption of generative AI and cloud services grows, demand is increasing for higher-density computing environments, advanced cooling and reliable connectivity in Japan. KIX15 is designed to support hybrid air- and liquid-cooling technologies. Designed to provide a high level of security and campus-based scalability, the facility is expected to support a broad range of customers, including hyperscalers, cloud service providers and companies deploying AI infrastructure.

Through Digital Realty’s ServiceFabric® orchestration and interconnection platform and collaboration with multiple network service providers, customers will have access to low-latency connectivity to key locations and cloud services in Japan and more than 300 Digital Realty data centers worldwide. This enables customers to expand into high-power, high-density infrastructure at the KIX Campus while maintaining connectivity with their existing IT environments.

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.

About MC Digital Realty
MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging Mitsubishi Corporation’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s global data center platform, PlatformDIGITAL®.

For Additional Information

Media Contacts
Joyce Ng
Digital Realty
[email protected]

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (737) 281-0101
[email protected]

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Asian markets, the company’s development plans, expected completion dates, expected growth in digital transformation and demand, customer demand and the company's strategy. For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab8f4779-e20a-4c84-8555-2c9d13184fbb

A credit union founded by postal workers in 1930 is now custodying real Bitcoin for its members. St. Cloud Financial Credit Union CEO Jed Meyer explains how its patent-pending hybrid custody model gives each member individual Bitcoin ownership in a multisig vault. He also covers how the credit union has grown to more than 20 BTC under custody without even trying.

Chapters:
00:00 St. Cloud Financial Credit Union’s Path to Bitcoin
01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks
02:26 Bitcoin ETF vs. Credit Union Custody: The Hybrid Custody Model
03:18 Bringing Main Street Into Bitcoin With Direct Buy and Sell
04:45 Minnesota Custody Law, NCUA Exams, and the CLARITY Act
07:32 20+ Bitcoin in Member Vaults and Lightning Plans
09:38 What It Takes for a Credit Union to Own Bitcoin
10:57 The Cloud Dollar Stablecoin and the Cooperative Ownership Model
12:59 How Credit Unions Decide Which Digital Assets to Offer
14:10 Educating Skeptics and Why Credit Unions Must Own Their Rails

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Patrick Green

Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.

GBPUSD: ⬆️ Buy

– GBPUSD reversed from key support level 1.3185

– Likely to rise to resistance level 1.3300

GBPUSD currency pair recently reversed up from the support zone between the key support level 1.3185 (which stopped wave (A) at the end of March and wave (C) at the end of June) and the lower daily Bollinger Band.

The upward reversal from this support zone completed the sharp downward ABC correction (2) from the end of August.

Given the strength of the support level 1.3185 and the oversold daily Stochastic oscillator, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3300 – former minor reversal high from the end of last month.

FxProhttp://www.fxpro.co.uk/?ib=606792

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

GE Vernova (GEV +3.96%) was flagged by a well-known researcher as a top stock buy in the power engineering space after market close on Monday, and investors reacted positively the following day. The company's shares cruised nearly 4% higher on this wave, easily topping the S&P 500 index's 0.3% gain that trading session.

The fabulous four That report came from Oppenheimer, whose analyst, Colin Rusch, singled out four sector stocks he believes are poised to gain substantially.

Image source: Getty Images.

According to Investing.com, the analyst wrote that power technology companies are currently enjoying a period of growth due to numerous factors, not least the eager build-out of facilities supporting the build-out of artificial intelligence (AI).

However, this is occurring at a time of notable macroeconomic insecurity. Conflicts in Europe and, especially, the Middle East have driven up prices for certain commodities and stoked inflation. Businesses and consumers alike are becoming more hesitant to spend, and the products/services power engineering companies offer tend to be expensive.

Premium Feature

Moneyball Superscore

82/100

Today's Change

(

3.96

%) $

39.21

Current Price

$

1,029.21

American heavyweight GE Vernova tops Rusch's "best four in the sector" list. He tagged it as Oppenheimer's No. 1 pick in the space, citing President Trump's August executive order barring imports of bulk power equipment from China. In his view, GE Vernova has significant pricing power in the absence of competition from that part of the world.

In mine, the company doesn't just benefit from the ban on Chinese imports -- it's a market leader on its own as a go-to producer of power-generation equipment crucial for AI build-outs. And with a growing backlog, it looks like it's smack dab in the middle of a high-demand business that could sustain it for years.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GE Vernova. The Motley Fool has a disclosure policy.

Strike wants your idle dollars to quietly turn into Bitcoin. The platform founded by Jack Mallers has rolled out a feature called Bitcoin Interest on Cash, which pays US users a 3.6% annual percentage yield on their cash balances.

The interest arrives in Bitcoin rather than dollars, settled monthly in sats.

How the product works Mallers announced the feature on X, and the launch date was October 6, 2026. The yield accrues every day and pays out once a month.

There is a small fine-print threshold. Payments only trigger when daily interest exceeds $0.01, so very small balances may not generate a payout right away.

Strike sets no minimum balance and no maximum balance for earning the 3.6% rate.

The feature is not automatic. Users have to opt in through the Strike app, and the product is available only to US individuals.

To put the math in concrete terms, Strike’s own example assumes a Bitcoin price of approximately $85,000. At that level, an $8,000 cash balance would generate around $288 in yearly Bitcoin income, which works out to about 338,824 sats.

Where the money actually sits Strike says the cash balances are held at Cross River Bank. Those deposits are FDIC-insured up to $250,000 per depositor.

Strike itself is not a bank, a distinction the company is careful to make. It acts as the platform layer, while the regulated bank holds the dollars.

On the Bitcoin side, Strike says user holdings are kept on a one-to-one basis in multi-signature cold storage. Multi-signature means several separate keys are required to move funds, which makes it harder for a single point of failure to drain them.

Strike also states the Bitcoin is not lent out or rehypothecated.

Part of a bigger Strike push The new feature does not exist in isolation. It builds on product work Strike shipped earlier in 2026, including an expanded set of Bitcoin-backed lending options.

Strike keeps the two products separate. Bitcoin Interest on Cash is not tied to the lending business.

The broader strategy fits Mallers’ long-running goal of building a complete Bitcoin financial stack. Strike started as a payments app and has steadily added features that let users save, borrow and now earn without leaving a Bitcoin-centric platform.

The interest product targets a specific and very common habit. Many Bitcoin holders keep some dollars on hand for rent, groceries and bills, because nobody wants to sell Bitcoin every time the electric bill shows up.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

Exclusive

By and James Faris You're currently following this author! Click to unsubscribe from email alerts.

Skydance's chief product officer addressed the Paramount and WBD teams in a memo after the merger. Justin Sullivan/Getty Images The product chief at the newly dubbed Skydance is ready to get the ball rolling — and encouraging employees to do the same — on the heels of Paramount Skydance's merger with Warner Bros. Discovery.

"The leaders who will have the greatest impact here are the ones with a bias for action under ambiguity. They let the best idea win, full stop," Dane Glasgow, chief product officer at Skydance, told staffers Tuesday in a memo that was obtained by Business Insider.

Glasgow told the Paramount and WBD teams that he recognized the months leading up to the merger had been "challenging" and that he appreciated their "resilience" and "steadfast commitment."

"I'm very excited about what we are going to build — an organization where technical craft matters, where the best ideas win and where we can move at a pace that matches our ambition," he said.

Glasgow also nodded to CEO David Ellison's remarks about the merger, saying technology was "reshaping how stories are created, distributed and experienced" and that the team would help keep the company "on the cutting edge of that work."

Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery was completed on Tuesday, creating a new media behemoth called Skydance.

Skydance's properties now include Paramount Pictures, Warner Bros. Studios, HBO, CBS, CNN, and more, as well as valuable intellectual properties such as DC Comics and Harry Potter.

Read the full memo Glasgow sent Skydance employees below:

Team,I want to take a moment to welcome you all to the new Product & Tech team at Skydance!For more than a century, Paramount and Warner Bros. have operated as two legendary companies that have built new worlds, delighted audiences, and shared stories that have redefined our industry. As we expand our horizons, I want to make sure we all take this moment to celebrate the work we've done to reach such a historic moment. As a team, we're bringing together some of the best product, technology, operations and production service professionals in the business. We will build and deliver next generation products and services that leverage our combined expertise to bring richer entertainment experiences and capabilities to our team's key customers: creatives, consumers, advertisers, content and distribution partners, and employees.I also recognize that the last few months have been challenging, especially as many of you have been on the forefront of our companies' ongoing transformations. I deeply appreciate your resilience and your steadfast commitment to delivering for our stakeholders every single day. And I specifically want to thank Avi Saxena, Dave Duvall, James Crossland and Tyler Whitworth for their leadership on the WBD side — I look forward to continuing to work with you all and bringing our teams even closer together.As we get started, I also wanted to share my initial views as they relate to leadership, culture and ways of working:1. On culture: We're bringing together two organizations that each have a lot to be proud of, and a lot to learn from one another. Let's go into this assuming best intent with genuine curiosity about how each other works. We will listen and ask each other questions, sharing information and flagging areas of disagreement or misalignment openly and constructively.2. On how we work: We will always start with a hypothesis and move quickly to build prototypes and internal builds to test our assumptions. We will be early testers of our own products and ensure that our fast and iterative process results in high-quality experiences for our customers. We'll continuously provide feedback and encourage our people to stay curious as we explore new ways of doing things. And we'll hold two things in tension at once: patience with each other as we blend two cultures, and a sense of urgency to correct processes that only serve to slow us down.3. On leadership: The leaders who will have the greatest impact here are the ones with a bias for action under ambiguity. They let the best idea win, full stop. They're transparent in both directions: honest with their teams about what's happening, and quick to surface concerns upward before they become bigger problems. They keep the customer at the center of every decision they make. They are willing to roll up their sleeves and demonstrate both their technical prowess and managerial expertise. And they own the outcome and hold a high standard for what we deliver and how we deliver it.As David mentioned earlier today, technology is reshaping how stories are created, distributed and experienced, and this team will play an important role in keeping Skydance on the cutting edge of that work. We each have established roadmaps coming into the fourth quarter, and I am excited to keep our momentum going. As we share organizational updates with you in the coming weeks and months, I ask that you stay focused on your current priorities and responsibilities. As decisions are made, we will share them deliberately and thoughtfully as we build a world-class, high-performing organization and culture.If you have questions, please visit the Skydance Integration Hub, which will serve as a go-to source for updates, FAQs, and other information as we progress through this transition. A replay of today's Town Hall will also be available there.In the coming weeks, I will spend time across our locations listening and learning from many of you. We'll find opportunities for our team to create and collaborate — not just among ourselves, but with our partners across the organization, including DTC, Studios, Finance, Advertising Sales and many others. I'm very excited about what we are going to build — an organization where technical craft matters, where the best ideas win and where we can move at a pace that matches our ambition. Thank you for the work that got us here, and for everything we'll achieve as we continue to power our climb together - let's go!Cheers!Dane

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Kelsey Vlamis You're currently following this author! Click to unsubscribe from email alerts.

Kelsey Vlamis is a senior reporter for Business Insider, where she covers business and tech news. She also writes business stories about travel, luxury, and culture. Previously, she covered the environment, outdoors, and indigenous issues.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her reporting. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at [email protected] or via the encrypted-messaging app Signal at kelseyv.21.

James Faris You're currently following this author! Click to unsubscribe from email alerts.

James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Skydance (Paramount-WBD), and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at [email protected] and follow him on LinkedIn.

Exclusive

Space Exploration Technologies Corp. (NASDAQ:SPCX) is back above its first-day close, but the options market suggests traders shouldn’t expect a quick run back to the stock’s June highs.

SpaceX shares rose 0.49% Tuesday, on top of Monday’s roughly 8% gain to $171.09, to mark their highest close since mid-June. The stock is up nearly 50% from its early-August low, per Benzinga Pro market data, and is well above its IPO price. 

Catalysts Stack UpMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and a $300 price target in a Sunday note. 

“Adjusted for growth, SpaceX is one of the cheaper ways to play the strong optionality of the Space and Intelligence Economy,” he wrote. Jonas pointed to Starship Flight 15, expected in late October or early November. He said a ship catch “could be the biggest positive catalyst since the IPO.”

Third-quarter earnings are also due late this month. Last Thursday, a Falcon 9 carried four astronauts to the International Space Station in under eight hours, a new record. The rally also put CEO Elon Musk‘s net worth back at $1.03 trillion, according to Forbes.

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Call Buyers Pile InSpaceX options volume ran at twice the 30-day average Monday, CNBC said. About 1.7 million contracts worth roughly $900 million changed hands. Calls made up 1 million of them, worth more than $640 million. 

Cboe LiveVol data show traders likely bought 456,000 calls and fewer than 240,000 puts. They likely sold 250,000 puts and 295,000 calls, according to CNBC. 

Volatility Tells a Different StoryBack in June, SpaceX took less than three sessions to go from $171 to an intraday high above $225, with implied volatility over 110. After seven weeks of trading within a 10% range, IV was near 55 Monday, up from an all-time low below 50 last Thursday.

Lower implied volatility means traders expect smaller, slower moves. Options pricing at Monday’s close put the odds of SpaceX touching $225 at any point before July below 50%. Shorter-dated contracts gave it a 54% chance of reaching $185 by the end of October, according to data cited by CNBC.

Skew is also flashing caution as SpaceX puts carry implied volatilities equal to or higher than calls, so traders are pricing a sharp drop as about as likely as a big rally. 

NVIDIA Corp. (NASDAQ:NVDA) shows the reverse. Calls there cost more in many expirations, a sign its investors worry more about missing a rally than about a sell-off.

Unless SpaceX picks up speed again, a return to record highs looks like a longer haul.

Read Next

Photo: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

American Airlines (AAL - Free Report) closed at $13.00 in the latest trading session, marking a +1.33% move from the prior day. This move outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.

The world's largest airline's stock has dropped by 2.28% in the past month, exceeding the Transportation sector's loss of 4.02% and lagging the S&P 500's gain of 0.84%.

The investment community will be closely monitoring the performance of American Airlines in its forthcoming earnings report. The company is scheduled to release its earnings on October 22, 2026. On that day, American Airlines is projected to report earnings of -$0.31 per share, which would represent a year-over-year decline of 82.35%. Simultaneously, our latest consensus estimate expects the revenue to be $16.12 billion, showing a 17.74% escalation compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.28 per share and revenue of $63.03 billion, indicating changes of -177.78% and +15.36%, respectively, compared to the previous year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 76.55% fall in the Zacks Consensus EPS estimate. American Airlines currently has a Zacks Rank of #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 6% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Kinross Gold Corporation (“Kinross” or the “Company”) (NYSE: KGC).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Kinross and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 23, 2026, Kinross issued a press release “provid[ing] an operational, guidance and return of capital update.”  Specifically, Kinross advised that “[t]he Company now expects full-year 2026 and 2027 attributable production to be 2% to 3% below the low end of the previously disclosed guidance, with approximately 1.84 to 1.86 million gold equivalent ounces (‘Au eq. oz.’) expected per year.  The change to the Company’s 2026 guidance is concentrated at two smaller assets, La Coipa and Round Mountain, and is the result of extreme weather and operational challenges.” 

On this news, Kinross’s stock price fell $3.20 per share, or 11.59%, to close at $24.42 per share on September 24, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

In the latest close session, Pan American Silver (PAAS - Free Report) was up +1.32% at $45.92. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.45%.

Heading into today, shares of the silver mining company had lost 11.73% over the past month, lagging the Basic Materials sector's loss of 7.2% and the S&P 500's gain of 0.84%.

Market participants will be closely following the financial results of Pan American Silver in its upcoming release. In that report, analysts expect Pan American Silver to post earnings of $0.92 per share. This would mark year-over-year growth of 91.67%. Alongside, our most recent consensus estimate is anticipating revenue of $1.24 billion, indicating a 44.54% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $4.86 billion, which would represent changes of +50% and +34.28%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pan American Silver. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. Pan American Silver is holding a Zacks Rank of #3 (Hold) right now.

From a valuation perspective, Pan American Silver is currently exchanging hands at a Forward P/E ratio of 11.89. This denotes no noticeable deviation relative to the industry average Forward P/E of 11.89.

Also, we should mention that PAAS has a PEG ratio of 4.45. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Mining - Silver industry was having an average PEG ratio of 4.45.

The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Zscaler, Inc. (ZS) Analyst/Investor Day October 6, 2026 8:30 AM EDT

Company Participants

Kimberly Watkins - SVP of Investor Relations & Strategic Finance
Jagtar Chaudhry - Co-Founder, CEO & Chairman of the Board
Adam Geller - Chief Product Officer
Dhawal Sharma - Executive Vice President of AI Security & Strategic Initiatives
Ross Tackett - Chief Revenue Officer
Kevin Rubin - Chief Financial Officer

Conference Call Participants

Jon Eastern
Bob Stasio
Kurt De Ruwe
Michael Cikos - Needham & Company, LLC, Research Division
Saket Kalia - Barclays Bank PLC, Research Division
Keith Bachman - BMO Capital Markets Equity Research
Brian Essex - JPMorgan Chase & Co, Research Division
Brad Zelnick - Deutsche Bank AG, Research Division
Fatima Boolani - Citigroup Inc., Research Division
Joseph Gallo - Jefferies LLC, Research Division
Ittai Kidron - Oppenheimer & Co. Inc., Research Division
Adam Borg - Stifel, Nicolaus & Company, Incorporated, Research Division
John DiFucci - Guggenheim Securities, LLC, Research Division
Peter Levine - Evercore ISI Institutional Equities, Research Division
Roger Boyd - UBS Investment Bank, Research Division
Shrenik Kothari - Robert W. Baird & Co. Incorporated, Research Division
Gray Powell - BTIG, LLC, Research Division
Gregg Moskowitz - Mizuho Securities USA LLC, Research Division
Eric Heath - KeyBanc Capital Markets Inc., Research Division
Joshua Tilton - Wolfe Research, LLC
Junaid Siddiqui - Truist Securities, Inc., Research Division
Richard Poland - Wells Fargo Securities, LLC, Research Division

Conversation

Operator

Welcome to Zscaler Investor Day. Please welcome to the stage Zscaler SVP of Investor Relations and Strategic Finance, Kim Watkins.

Kimberly Watkins
SVP of Investor Relations & Strategic Finance

Thank you. Hello, everyone. It's my pleasure to welcome you to Zscaler's 2026 Investor Day. And whether you're here with us in New York or you're watching on the webcast, we really appreciate you taking the time to be with us today.

So it has been 5 years since we hosted an Investor Day. During that time, we've grown into a broad and

Medpace (MEDP - Free Report) ended the recent trading session at $602.90, demonstrating a -2.84% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.45%.

Heading into today, shares of the provider of outsourced clinical development services had gained 4.94% over the past month, outpacing the Medical sector's loss of 4.26% and the S&P 500's gain of 0.84%.

Analysts and investors alike will be keeping a close eye on the performance of Medpace in its upcoming earnings disclosure. The company's earnings report is set to go public on October 21, 2026. The company is expected to report EPS of $4.45, up 15.28% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $708.75 million, indicating a 7.4% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.54 per share and revenue of $2.84 billion. These totals would mark changes of +14.79% and +12.38%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Medpace. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Medpace presently features a Zacks Rank of #3 (Hold).

In terms of valuation, Medpace is currently trading at a Forward P/E ratio of 35.38. This valuation marks a premium compared to its industry average Forward P/E of 16.59.

One should further note that MEDP currently holds a PEG ratio of 2.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Medical Services industry currently had an average PEG ratio of 1.62 as of yesterday's close.

The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 46% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of OSI Systems, Inc. (“OSI” or the “Company”) (NASDAQ: OSIS).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether OSI and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On August 20, 2026, OSI reported fiscal fourth-quarter and full-year 2026 financial results, including revenue that fell short of consensus expectations.  OSI attributed the revenue miss to deferred product deliveries stemming from site constraints. 

On this news, OSI’s stock price fell $11.36 per share, or 5.21%, to close at $206.73 per share on August 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors J.B. Hunt Transport Services, Inc. (“J.B. Hunt” or the “Company”) (NASDAQ: JBHT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether J.B. Hunt and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 16, 2026, J.B. Hunt warned investors that it expected earnings to fall 5% to 10% sequentially for the third quarter of 2026.  Management attributed the sudden margin squeeze to escalating diesel fuel prices alongside an unexpected $25 million surge in incremental driver expenses. 

On this news, J.B. Hunt’s stock price fell $36.52 per share, or 13.3%, to close at $236.73 per share on September 16, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980