Market Signal Briefing

IonQ has spent the last year acquiring several businesses.

While mergers and acquisitions (M&A) aren't a new concept by any means, the underlying rationale behind each deal is unique. Sometimes, a business will decide that acquiring a competitor is a more efficient use of capital as opposed to increasing sales activity in order to expand market share.

Alternatively, businesses will acquire platforms that offer tangential services in an effort to bolster its product roadmap. This strategy is currently employed by quantum computing pure play IonQ (IONQ 0.34%).

While the sharp appreciation in IonQ stock could suggest that the market likes the company's M&A strategy, I think most investors are overlooking a massive opportunity cost as it relates to these transactions.

Let's explore IonQ's M&A history and break down why these deals may not be as lucrative as investors think.

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IonQ spent $2.5 billion on acquisitions
So far this year, IonQ has acquired the following companies: Oxford Ionics, Capella Space, id Quantique, Lightsynq, and an undisclosed marketing intelligence platform. IonQ also acquired a company called Qubitekk in December 2024.

In aggregate, IonQ has spent $2.5 billion across its acquisitions over the last year.

Image source: Getty Images.

Have IonQ's acquisitions paid off?
Over the last 12 months, IonQ has generated $80 million in revenue. As the slope of the sales line pictured below illustrates, IonQ's growth has accelerated significantly -- thanks in part to the company's acquisition strategy.

IONQ Revenue (TTM) data by YCharts

In the table below, I've summarized the time frame of each acquisition and its respective revenue contribution between closing and the period ended Sept. 30.

Company NameDate AcquiredRevenue Contribution Since AcquisitionOxford IonicsSept. 16, 2025Not reportedCapella SpaceJuly 11, 2025$9.6 millionid QuantiqueApril 30, 2025$9.0 millionLightsynqMay 30, 2025Not reportedQubitekkDec. 27, 2024Not reported
Data source: IonQ 10Q Filing.

Given the Oxford Ionics deal essentially closed concurrently with the end of the third quarter, investors shouldn't expect much of a contribution to IonQ's pro forma financials.

IonQ notes in its 10Q that stand-alone figures are not broken out for Qubitekk "due to the immateriality of this acquisition relative to the Company's condensed consolidated financial position." Don't be alarmed by this comment.

Qubitekk is IonQ's smallest acquisition over the last year. Moreover, sometimes a company will buy another business purely for its customer base, technology expertise, or intellectual property (IP). In the M&A world, these types of deals are referred to as an acquihire -- transactions in which the buyer wants fast and direct access to a potentially groundbreaking platform rather than its underlying business. This is likely the case between IonQ and Qubitekk.

Lastly, IonQ's decision to keep Lightsynq's revenue undisclosed probably means the contribution was nominal -- if anything.

To summarize, it would appear that IonQ has spent far more on its acquisitions than they are currently contributing in terms of new revenue. But to be fair, most of these deals are recent.

Furthermore, it takes quite a bit of time -- months or even years -- before an acquisition is fully integrated into the overall operation and becomes accretive.

Image source: Getty Images.

How did IonQ fund its acquisitions?
I will give IonQ the benefit of the doubt here and buy into the idea that its acquisitions all play a role in the company's broader product roadmap. To me, the more glaring issue is how IonQ funded these deals.

Company NameCashFair value of common stock issued and Equity AwardsTotal Purchase PriceOxford Ionics$10 million$1.6 billion$1.6 billionCapella Space$48.3 million$376.5 million$424.8 millionid QuantiqueNo cash$116.2$116.2 millionLightsynq$100,000$306.7 million$306.8 millionQubitekk$22.1 millionNo stock$22.1 millionTotal$80.4 million$2.4 billion$2.5 billion
Data Source: IonQ 10Q Filing.

As the table above illustrates, IonQ has parted ways with very little cash to buy its competition. The reason? Because the company is unprofitable and doesn't generate cash organically. As a result, IonQ has taken advantage of its soaring valuation -- issuing stock at a premium price point to raise sufficient capital and spearhead its acquisition strategy.

On the surface, this might not seem like a big deal. Companies issue stock all of the time. But take a look at how IonQ's outstanding share count has changed over the last year.

IONQ Shares Outstanding data by YCharts

Another way of looking at these dynamics is that the cost of these transactions is increasingly becoming shareholder dilution. Given the company's aggressive appetite for deal flow, I am suspicious that further dilution could be on the way.

While IonQ may have a detailed and ambitious product roadmap, I think the company's capital allocation strategy needs improvement. For these reasons, I would stay clear of IonQ stock until the company proves that all of these acquisitions are bearing fruit. Investors buying the stock at its current levels risk further dilution and becoming bag holders.

GEO’s latest quarter shows a company pulling in record contracts while wrestling with litigation and cooling earnings guidance—here’s what investors need to know.

New York City-based Apis Capital Advisors reported a sale of shares in GEO Group (GEO 0.19%) in its November 14 SEC filing, reducing its position by an estimated $12.4 million during the third quarter.

What HappenedAccording to an SEC filing on November 14, Apis Capital Advisors trimmed its stake in GEO Group (GEO 0.19%) by selling 394,000 shares during the third quarter. The estimated transaction value of the shares sold was $9 million based on quarterly average pricing. Post-transaction, the firm’s GEO position was 860,000 shares, worth $17.6 million at the end of the quarter.

What Else to KnowThis sale brings GEO to 3.9% of Apis Capital Advisors' 13F reportable AUM, which places it outside the fund's top five holdings.

Top holdings after the filing: 

NASDAQ:CELC: $38.3 million (8.5% of AUM)NASDAQ:TLN: $32.5 million (7.2% of AUM)NASDAQ:SIMO: $27.1 million (6% of AUM)NASDAQ:SSRM: $27.1 million (6% of AUM)NASDAQ:STX: $27 million (6% of AUM)As of Wednesday's market close, GEO shares were priced at $15.58, down 44% over the past year and far underperforming the S&P 500, which is up 13% in the same period.

Company OverviewMetricValuePrice (as of market close Wednesday)$15.58Market capitalization$2.2 billionRevenue (TTM)$2.5 billionNet income (TTM)$238.1 millionCompany SnapshotGEO Group is a leading provider of secure facility management and community reentry services, with a diversified revenue base across the U.S. and international markets. The company leverages its expertise in security, rehabilitation, and compliance technologies to deliver integrated solutions for government clients. Its scale, recurring contract structure, and breadth of service offerings support a stable operating model in the correctional and supervision services industry. The company serves federal, state, and local government agencies in the United States and select international markets, targeting correctional, law enforcement, and immigration authorities.

Foolish TakeFor long-term investors, a position trim in a high-volatility name like GEO is most useful as a sentiment signal—not a verdict on fundamentals. The company just issued a softer fourth-quarter outlook and continues to face litigation over detainee pay, yet it also reported better-than-expected third-quarter results and reaffirmed major contract wins that reshape its revenue base for 2026.

According to Apis' latest SEC filing, the manager sold 394,000 shares of GEO during the third quarter, bringing its stake to 860,000 shares valued at $17.6 million. As the filing notes, GEO is no longer a top-five holding—a meaningful shift given the portfolio’s concentrated profile and the fact that GEO was previously the top holding by value.

The stock has really struggled: Shares are down 44% over the past year and have lagged despite revenue rising 13% year-over-year. Meanwhile, guidance tightened for the fourth quarter, with GEO projecting GAAP net income of $0.23 to $0.27 per share on $651 million to $676 million of revenue. Litigation also remains a real overhang—the company recorded a $37.7 million non-cash reserve tied to claims of detainees in the custody of U.S. Immigration and Customs Enforcement—but management continues to highlight major 2026 growth drivers, including 6,000 newly contracted ICE beds and expanded transportation services.

Glossary13F reportable assets under management: The total value of securities a fund must disclose quarterly to the SEC on Form 13F.
Assets under management (AUM): The total market value of investments managed by a fund or investment firm.
Top holdings: The largest investments in a fund’s portfolio, typically by market value or percentage of AUM.
Quarterly average pricing: The average price of a security over a specific quarter, used to estimate transaction values.
Correctional and detention management: Services related to operating prisons, jails, or detention centers, often under government contract.
Reentry centers: Facilities that help formerly incarcerated individuals transition back into society, offering support and supervision.
Electronic monitoring: Use of technology, such as ankle bracelets, to track individuals’ locations as part of correctional supervision.
Recurring service agreements: Contracts that provide for ongoing, repeated delivery of services over a set period.
Federal, state, and local government agencies: Different levels of government that may contract private companies for services like corrections or supervision.
TTM: The 12-month period ending with the most recent quarterly report.
Market capitalization: The total value of a company’s outstanding shares, calculated as share price times shares outstanding.

Plurilock Security Inc. (PLUR:CA) Q3 2025 Earnings Call November 27, 2025 11:00 AM EST

Company Participants

Ian Paterson - CEO & Director
Scott Meyers - CFO & Corporate Secretary

Conference Call Participants

Ryan Freemantle

Presentation

Ryan Freemantle

Good morning, and thank you for joining us for Plurilock Securities conference call to discuss its financial results for the quarter ending September 30, 2025. I'm Ryan Freemantle from Sophic Capital, and we handle Plurilock's Investor Relations. On the call today, we have Plurilock's CEO, Ian L. Paterson; and CFO, Scott Meyers. [Operator Instructions]

Before management discusses the results, I'd like to remind everyone that certain statements in this call may be forward-looking in nature. These include statements involving known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements.

For caveats about forward-looking statements and risk factors, please see Plurilock's MD&A for the quarter ending September 30, 2025, which can be found on our company profile at SEDAR+. And unless otherwise stated, all dollar amounts referred to in this call are Canadian dollars, the company's reporting currency.

I will now pass the call over to Plurilock's CEO, Ian Paterson. Ian?

Ian Paterson
CEO & Director

Thank you, Ryan, and thank you all for joining us today. Good morning, and welcome to the Plurilock Financial Results Conference Call for the third quarter of 2025. I'm Ian L. Paterson, CEO of Plurilock. Today, as we review the quarterly results, I will provide highlights along with a business update and a brief overview of our recent financial performance.

We will conclude the prepared remarks by discussing our outlook, and we will leave some time at the end for Q&A. Before discussing the quarter in detail, I want to start with a brief view

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November 27, 2025 3:24 PM EST | Source: Golden Sky Minerals Corp.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - Golden Sky Minerals Corp. (TSXV: AUEN) (OTC Pink: LCKYF) ("Golden Sky" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange (the "Exchange") for its Option and Joint Venture Agreement (the "Agreement") with Boliden Minerals Canada Ltd. ("Boliden") and, as requested by the Exchange, provides the following supplemental disclosure regarding the net smelter returns royalty (the "NSR").

This news release is issued further to the Company's news releases dated September 3, 2025 found here, and November 17, 2025 found here, which described the key terms of the Agreement and the approval of the Agreement by disinterested shareholders.

Under the Agreement, Boliden may earn up to an 80 percent interest in the Rayfield copper gold property in south central British Columbia by making cash payments totaling CDN $1,000,000 over five years and funding up to CDN $19,000,000 in exploration expenditures over six years. Upon completion of the earn in, a joint venture will be formed, and the Rayfield Property will be combined with Boliden's adjoining Gjoll property.

In connection with the joint venture, if a party's interest in the joint venture is reduced to below 10 percent, its remaining interest will automatically convert into a 1.0 percent net smelter returns (NSR) royalty on the Rayfield Gjoll property, subject to a maximum aggregate royalty payable of CDN $15,000,000.

The NSR is not an upfront or current obligation of the Company. It only arises if a joint venture participant is diluted below a 10 percent interest. At present, no NSR is outstanding or payable to any party under the Agreement.

This transaction is arm's length to the Company and no finder's fees are being paid.

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a well-funded junior grassroots explorer engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of properties to the mineral resource stage through systematic exploration.

Its portfolio includes the Rayfield-Gjoll Copper-Gold Project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario's Timmins camp. Golden Sky's objective is to create value for shareholders through the discovery and development of world-class mineral deposits. The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes statements regarding final acceptance of the TSX Venture Exchange, the ability of Boliden to complete the earn in and fund exploration expenditures, the formation and operation of the joint venture, the potential application of the NSR, and the exploration and development plans for the Rayfield Gjoll property and the Company's other projects.

Forward-looking information is based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. These risks and uncertainties include, among others, risks relating to exploration, development and mining activities, commodity prices, regulatory approvals, title, financing, and general economic conditions, as well as the risks described in the Company's continuous disclosure filings available on SEDAR Plus at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276209

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Jefferies Financial Group Inc. (NYSE: JEF) and Point Bonita Capital for potential violations of the federal securities laws after SEC probe is revealed.

If you invested in Jefferies or Point Bonita, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action.

Why are Jefferies and Point Bonita being Investigated?

Jefferies is an investment banking and capital markets firm. Its trade finance arm is named Point Bonita Capital. Jefferies and Point Bonita were two of the closest banking and financing partners of First Brands Group, LLC, an auto parts supplier which collapsed into bankruptcy in September 2025.

On October 8, 2025, Jefferies announced that it and Point Bonita had approximately $715 million in exposure to First Brands’ receivables, which represents roughly 25% of Point Bonita’s trade finance portfolio. On this news, the price of Jefferies stock fell $4.66 per share, or about 8%, from $59.10 per share on October 7, 2025, to $54.44 per share on October 8, 2025. Investors are reportedly currently seeking redemptions from Point Bonita as well.

On November 27, 2025, it was reported that the SEC is seeking information about whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to the auto business, which filed for bankruptcy in September with $12bn in debt. It was also reported that the SEC is also looking into internal controls and potential conflicts within and between different parts of the bank.

BFA is currently investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors in connection with this significant exposure to First Brands and the subsequent SEC probe into the company.

Click here for more information: https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action.

What Can You Do?

If you invested in Jefferies or Point Bonita you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action

Or contact:
Ross Shikowitz
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action

Attorney advertising. Past results do not guarantee future outcomes.

Straumann Holding AG (OTCPK:SAUHY) Analyst/Investor Day November 25, 2025 3:00 AM EST

Company Participants

Marcel Kellerhals - Head of Investor Relations & Corporate Finance
Guillaume Daniellot - CEO, Interim Head of Dental Service Organizations & Member of Executive Management Board
Thomas Friese - Chief Technology & Information Officer and Member of Executive Management Board
Andreas Utz - Head of Implantology Business Unit (IBU) and Member of Executive Management Board
Florian Kirsch - Head of Integrated Dental Technologies & Member of Management Board
Arnoud Middel - Chief People Officer
Isabelle Adelt - CFO & Member of Executive Management Board

Conference Call Participants

Veronika Dubajova - Citigroup Inc., Research Division
Oliver Metzger - ODDO BHF Corporate & Markets, Research Division
Susannah Ludwig - Sanford C. Bernstein & Co., LLC., Research Division
Julien Ouaddour - BofA Securities, Research Division
Richard Felton - Goldman Sachs Group, Inc., Research Division
Hassan Al-Wakeel - Barclays Bank PLC, Research Division
Brandon Vazquez - William Blair & Company L.L.C., Research Division
David Adlington - JPMorgan Chase & Co, Research Division
Daniel Jelovcan - Zürcher Kantonalbank, Research Division
Julien Dormois - Jefferies LLC, Research Division
Vikramjeet Chopra - Wells Fargo Securities, LLC, Research Division

Presentation

Marcel Kellerhals
Head of Investor Relations & Corporate Finance

Well, good morning and a very warm welcome to all of you to Straumann Group Capital Markets Day 2025. After a fantastic day yesterday in Villeret where we visited the production site, it's a pleasure to have you all here. 4 years ago, at the last Capital Markets Day, we were all on our own up here. So thank you very much for coming from very far away and to be with us for the whole day.

Some housekeeping, take note of the disclaimer. We will record this session and we'll make it available on the website, obviously, once all is done. We have a fantastic agenda for you that you have seen, it's all about

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Blue Ridge Bankshares, Inc. (BRBS - Free Report) investors have been experiencing some short-term gains from the stock lately, despite its bumpy ride over recent months. Shares of the Richmond, VA-based holding company of Blue Ridge Bank, National Association and BRB Financial Group, Inc., have gained 8.6% in the past three months against the industry’s 1.3% decline. In the same time frame, the stock also outperformed the sector and the S&P 500’s 1% and 7% gain, respectively.

Two key recent developments for BRBS include the receipt of the notification from its primary regulator, the Office of the Comptroller of the Currency, terminating the Consent Order dated Jan. 24, 2024 (in November) and the release of its third-quarter 2025 results (in October). The company reported a solid uptick in both net interest income and noninterest income during the period. The company delivered a notably stronger performance versus recent quarters, helped by a one-time lift from the payoff and recovery of certain previously troubled credits, along with improved fee-driven revenue. At the same time, management’s ongoing cost-control efforts supported profitability.

Blue Ridge Bankshares’ management emphasized continued balance-sheet de-risking, including completing its exit from fintech/BaaS (banking-as-a-service)-related deposits and further reducing non-core loan exposure, which it believes leaves BRBS better positioned to refocus on traditional core-banking growth going forward.

BRBS’ Three Months Price Comparison
Image Source: Zacks Investment Research

Over the past three months, the stock underperformed its peers like Franklin Financial Services Corporation (FRAF - Free Report) but outperformed its other peer, AmeriServ Financial, Inc. (ASRV - Free Report) . Franklin Financial’s and AmeriServ Financial’s shares have gained 15.7% and 2.3%, respectively, in the same time frame.

Despite several challenges within the banking industry, including heightened competition for deposits and customers, the favorable share price movement indicates that the company might be able to maintain the positive market momentum at present.

Blue Ridge Bankshares is a community banking franchise with a multi-market presence across Virginia and North Carolina. Through Blue Ridge Bank and its related subsidiaries, it offers a broad mix of retail and commercial banking, along with wealth and trust/estate services. Its branch-based footprint in attractive local markets, combined with recent leadership additions and a renewed focus on relationship banking, underpins its longer-term growth potential.

Blue Ridge Bankshares Strong Fundamentals Weigh InOne fundamental supporting BRBS is its ongoing turnaround and tightening of its risk posture on the asset side. The bank has been actively cleaning up legacy problem areas, reducing exposure to higher-risk or non-core credits and sharpening underwriting and portfolio oversight. This strategy is aimed at improving overall asset quality, lowering volatility and making profitability more repeatable as the balance sheet becomes simpler and more conservative.

A second driver is the strengthening of BRBS’s core funding base. After moving away from fintech-linked deposits, the bank has refocused on relationship-driven retail and commercial deposit gathering, creating a more granular and dependable mix. With less reliance on wholesale or brokered sources, Blue Ridge Bankshares is better positioned to sustain liquidity and manage funding costs in a competitive deposit environment.

Third, BRBS benefits from its community-banking footprint across Virginia and North Carolina. The company operates in markets where it has established local presence, which supports steady deposit inflows and relationship-based lending. Management is reinforcing this platform through a renewed commercial push and leadership focus on core banking, helping build a healthier pipeline and supporting longer-term organic growth.

Challenges Ahead for BRBSBlue Ridge Bankshares continues to operate in a highly competitive banking landscape, facing pressure from larger banks, credit unions, Internet-based players, and fintechs for both loans and deposits, which can limit growth and pricing flexibility. Another challenge is managing the ongoing transition away from indirect fintech lending relationships and other legacy initiatives, a process that can create operational complexity and keep advisory or cleanup-related expenses somewhat elevated as the bank completes its shift back to a simpler community-banking model.

Blue Ridge Bankshares’ Stock’s ValuationBRBS’ trailing 12-month P/S of 2.7X is higher than the industry’s average of 2.2X and its three-year median of 1.1X.

Image Source: Zacks Investment Research

Franklin Financial’s and AmeriServ Financial’s trailing 12-month P/S currently stand at 1.9X and 0.6X, respectively, in the same time frame.

Our Final Take on BRBSThere is no denying that Blue Ridge Bankshares sits favorably in terms of core business strength, earnings prowess, robust financial footing and opportunities. The stock’s strong core growth prospects present a good reason for existing investors to retain shares for potential future gains. New investors are also likely to be motivated to add the stock following the current uptrend in share prices.

For those exploring new additions, BRBS’s valuation looks more demanding than the peer group, implying the market already expects above-industry execution as the turnaround matures. Since the stock is also trading well above its own longer-term norm, the scope for gains from simple re-rating appears more limited, and future upside will likely depend on continued follow-through in core growth, funding stability and profitability. For existing investors, the premium can be justified if momentum holds, making a hold stance appropriate for now.

Key Takeaways Allegiant shares have dipped 17.5% YTD, underperforming the transportation-airlines industry.Production delays, rising labor costs and economic uncertainties continue to pressure ALGT.Stronger demand, higher EPS guidance, fleet upgrades and solid liquidity provide notable offsets.
Shares of Allegiant Travel Company (ALGT - Free Report) have not had a good time on the bourses of late, declining in double digits so far this year. The disappointing price performance resulted in ALGT underperforming its industry in the said time frame. Additionally, ALGT’s price performance is unfavorable to that of other industry players like Southwest Airlines Co. (LUV - Free Report) ) and Ryanair Holdings (RYAAY - Free Report) in the same timeframe.

YTD Price Comparison Image Source: Zacks Investment Research

Given the significant pullback in ALGT’s shares currently, investors might be tempted to snap up the stock. But is this the right time to buy ALGT? Let’s find out.

Headwinds Weighing on ALGT StockAllegiant is being hurt by the tariff-induced challenging macroeconomic backdrop. The ongoing economic uncertainties and the resultant reduction in consumer and corporate confidence have the potential to hurt domestic air travel demand. 

Production delays at Boeing,due toquality control checks and regulatory reviews by the Federal Aviation Administration, have been hurting the fleet-related plans of most airline companies, and it is no different for ALGT. Delays in aircraft delivery will lead to lower profitability than expected from the addition of these aircraft to ALGT’s existing fleet. Further, ALGT will be burdened with increased maintenance costs for those aircraft that would have otherwise been retired and raised interest costs for funds borrowed for pre-delivery deposits. Delivery delays are also expected to limit capacity growth going forward.

Labor costs have been moving up of late. Labor cost increase of 19.2% in 2024 (up 24.5% in 2023) swamped the 20.3% increase in total operating expenses in 2024, despite costs on aircraft fuel decreasing year over year (down 9.8% in 2024 and down 14.6% in 2023). This was followed by a 6.4% rise in operating expenses during the first nine months of 2025 (despite aircraft fuel expense down 1% year over year). The increase was attributable to deals inked with various labor groups. ALGT expects to continue experiencing increased cost pressure from the labor agreements. 

What Do Earnings Estimates Say for ALGT?Concurrent with its third-quarter 2025 earnings release, ALGT announced it had raised its full-year earnings guidance. For 2025, adjusted consolidated earnings per share (EPS) are now expected to be above $3.00 (prior view: above $2.25). Adjusted EPS (airline) is now anticipated to be above $4.35 (prior view: above $3.25). The Zacks Consensus Estimate is currently pegged at $3.04 per share for 2025.

The positive sentiment surrounding the stock is evident from the fact that the Zacks Consensus Estimate for ALGT’s fourth-quarter and full-year 2025 earnings has been raised in the past 60 days.

Image Source: Zacks Investment Research

Tailwinds Working in Favor of ALGTImprovement in air-travel demand, following the end of the pandemic and normalization of economic activities, bodes well for Allegiant's top line. With people taking to the skies, ALGT’s top line increased 3.5% on a year-over-year basis during the first nine months of 2025, owing to a 3.9% rise in passenger revenues, which accounted for the bulk (88.6%) of the top line. Given this encouraging backdrop, for the fourth quarter of 2025, capacity (measured in available seat miles or ASMs) (for scheduled service) is expected to increase 10% on a year-over-year basis. Total system ASM is projected to gain 9.5% on a year-over-year basis. Fourth-quarter adjusted operating margin is expected to lie between 10% and 12%.

Allegiant's fleet-modernization initiatives to cater to the increased travel demand are encouraging. The inclusion of modern planes in its fleet and the retirement of the old ones align with its environmentally friendly approach. ALGT ended 2024 with 125 (34 A319, 87 A320 and four 737-8200) planes in its fleet. ALGT ended third-quarter 2025 with 121 (29 A319, 82 A320 and 10 Boeing 737-8200) planes. The company aims to have a fleet size of 123 by the end of 2025.

ALGT’s liquidity position looks encouraging. The airline ended third-quarter 2025 with cash and cash equivalents of $985.32 million, higher than the current debt level of $270.63 million. This implies that the company has sufficient cash to meet its current debt obligations. 

A strong balance sheet enables the company to reward shareholders with dividends and share repurchases. As a reflection of its shareholder-friendly stance, ALGT paid out dividends worth $21.9 million and repurchased shares worth $6 million in 2024. During the first nine months of 2025, ALGT repurchased shares worth $12.95 million (did not pay any dividends). Such shareholder-friendly initiatives should boost investor confidence and positively impact the bottom line.

Impressive Valuation Picture for ALGT StockFrom a valuation perspective, ALGT is trading at a discount compared to the industry, going by its trailing 12-month price-to-book (P/B)ratio. The reading is also below its median over the last five years. The company has a Value Score of A.

ALGT P/B Ratio (trailing 12 months) Vs. Industry Image Source: Zacks Investment Research

To ConcludeIt is understood that ALGT stock is attractively valued, and strong passenger volumes bode well for Allegiant. Efforts to modernize its fleet are praiseworthy as well. Despite these positives, we advise investors not to buy ALGT stock now due to headwinds like high labor costs, Boeing and Airbus-related delivery delays and share price volatility. ALGT is also hurt by tariff-induced economic uncertainties and the resultant reduction in consumer and corporate confidence.

We advise investors to wait for a better entry point. For those who already own the stock, it will be prudent to stay invested. The company’s current Zacks Rank #3 (Hold) justifies our analysis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Avantor, Inc. (NYSE: AVTR) between March 5, 2024 and October 28, 2025, both dates inclusive (the "Class Period"), of the important December 29, 2025 lead plaintiff deadline.

So what: If you purchased Avantor common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Avantor class action, go to https://rosenlegal.com/submit-form/?case_id=47303 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants misrepresented and/or failed to disclose that: (1) Avantor's competitive positioning was weaker than defendants had publicly represented; (2) Avantor was experiencing negative effects from increased competition; and (3) as a result, defendants' representations about Avantor's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Avantor class action, go to https://rosenlegal.com/submit-form/?case_id=47303 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
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      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
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SOURCE THE ROSEN LAW FIRM, P. A.

Key Takeaways BigBear.ai is acquiring Ask Sage to boost its secure AI footprint across 16,000 government teams.BBAI ended Q3 with $456.6M in liquidity and a $376M backlog, enabling bold expansion moves.Leidos posted $4.47B in Q3 revenue, a 7% rise, and grew its backlog to $47.7B with key contract wins.
Artificial intelligence continues to reshape the defense landscape, and both emerging innovators and established integrators are competing aggressively for relevance across federal agencies. BigBear.ai Holdings, Inc. (BBAI - Free Report) and Leidos Holdings, Inc. (LDOS - Free Report) sit at two different ends of this spectrum. BigBear.ai is a focused, AI-native company undergoing a strategic evolution, while Leidos is a multibillion-dollar defense and government services powerhouse embedding AI across its vast portfolio. Their missions overlap in national security, analytics, and digital modernization, and both benefit from long-term federal technology investment trends. This makes the pair particularly compelling to compare now, especially as each company recently released earnings updates and as agencies accelerate AI adoption across critical domains.

Although each company is exposed to similar federal spending drivers, the way they monetize AI differs greatly. BigBear.ai is aiming to become a core infrastructure provider for secure generative AI systems inside government environments, while Leidos is increasingly deploying AI as an enhancement to its existing solutions in defense, healthcare, aviation and infrastructure.

Before deciding which stock presents more near-term opportunity, it’s essential to evaluate their fundamentals, strategic positioning and earnings trajectories. Let’s dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.

The Case for BigBear.ai StockBigBear.ai is in the middle of a major strategic shift from consulting to a scalable AI platform model. Its most important move is the planned acquisition of Ask Sage, a secure generative-AI platform built for government and national security use cases. Ask Sage already has more than 100,000 users across 16,000 government teams and supports dozens of frontier models used by the U.S. Space Force, Army and Defense Health Agency. The deal is expected to help BigBear become a core technology player in defense infrastructure and drive about $25 million in ARR in 2025—roughly six times 2024 levels—highlighting the rapid rise of secure AI demand in mission-critical environments.

Beyond the acquisition, BigBear.ai is scaling its operational presence through continued deployment of its VeriScan biometric capabilities in major airports, including Chicago O’Hare, Nashville International, and Seattle-Tacoma, and through increased adoption of its logistics and readiness analytics platforms in both domestic and international markets. Third-quarter 2025 earnings release noted that the company ended the quarter with a record $456.6 million in cash and investments, significantly strengthening its liquidity and enabling more aggressive strategic execution. This strong capital position gives BigBear.ai expansive optionality, ranging from pipeline expansion to further inorganic investments that continue building out a differentiated AI ecosystem.

Despite the long-term promise, challenges remain. Revenue declined 20% year over year due to lower Army program volumes and temporary disruptions caused by the government shutdown, which paused some intelligence-community activity. The company reported an adjusted EBITDA loss of $9.4 million, compared with breakeven performance in earlier quarters, and gross margin compressed to 22.4% from 25.9% last year. Management emphasized that about 80% of its government programs were deemed mission-essential during the shutdown, which helped limit deeper revenue disruption, but the dependence on timing-sensitive federal contracts remains apparent. The Ask Sage integration also introduces operational demands that will require careful alignment of teams, platforms, and customer-facing systems over the next several quarters.

Even with these near-term pressures, BigBear.ai’s strategic trajectory remains compelling. The combination of a sharply improving liquidity position, a rapidly expanding generative AI user base, and a backlog that reached $376 million during the quarter positions the company for potentially outsized benefit as the federal government intensifies its investment in AI-enabled mission systems through 2026 and 2027.

The Case for Leidos StockLeidos represents one of the most diversified and strategically entrenched players in the U.S. defense contracting ecosystem. Its third-quarter 2025 results highlight the company’s durability, scale, and consistent execution despite the unpredictable government environment. Leidos delivered revenues of $4.47 billion, up 7% year over year, along with adjusted EBITDA of $616 million and a margin of 13.8%. Management increased full-year EPS and margin guidance while reaffirming revenue and cash flow targets, signaling elevated confidence in its operating momentum.

The company’s recent contract wins reflect the breadth of its portfolio. These include a multiyear $2.2 billion classified intelligence award, a $760 million NASA human health and performance contract supporting astronaut readiness, a $540 million AI-enabled counterterrorism software award, a $370 million Department of Defense health-records modernization award, and a 19-year Kazakhstan air-traffic modernization program leveraging its SkyLine-X platform. Leidos also posted a book-to-bill ratio of 1.3 in the third quarter and achieved a 27% sequential increase in funded backlog, bringing total backlog to $47.7 billion. The magnitude of this pipeline provides exceptional multi-year revenue visibility that few federal contractors can match.

Leidos is advancing its NorthStar 2030 strategy with a sharper focus on AI-driven mission software, digital modernization, energy-infrastructure engineering and autonomous maritime systems. AI is now embedded across major solutions—from air-traffic control and counter-UAS to classified intelligence and energy-grid engineering—and partnerships like Quadridox highlight its push into next-generation security technology.

Performance wasn’t even across segments. Commercial & International revenue dipped, and Defense Systems margins tightened as early-phase production increased the material mix. Still, cash flow remains strong at $711 million, and the company strengthened its balance sheet by paying down $450 million in debt and raising its dividend by 7.5% over the prior quarter's dividend.

While BigBear.ai focuses almost exclusively on AI-centric innovation, Leidos integrates AI as a force multiplier within an already dominant services and systems-engineering franchise. This positions Leidos as a steady compounding enterprise with incremental AI upside, rather than as a high-volatility pure AI play.

How the Stocks Performed Over the Past Year (BBAI vs. LDOS)BigBear.ai shares have surged 180% over the past year, significantly outperforming both the broader Zacks Computer and Technology sector, which rose 28.7% and the S&P 500, which advanced 15.8%. The stock’s rally reflects rapid investor enthusiasm surrounding its platform transition, strengthening balance sheet, and the expected contribution of Ask Sage.

Leidos shares rose 16.1% during the same period, a performance that slightly exceeded the S&P 500 but lagged the technology sector. Investors have treated Leidos less as a high-growth AI opportunity and more as a dependable federal-contracting compounder with consistent execution and a rising dividend profile.

BBAI & LDOS Performance

Image Source: Zacks Investment Research

Comparing Valuations of BBAI and LDOS StocksBigBear.ai currently trades at a forward 12-month price-to-sales multiple of 15.53, far above both the technology-sector median of 6.66X and Leidos’ far lower multiple of 1.37X. The premium assigned to BigBear.ai reflects the market’s anticipation of high growth and strategic positioning in secure AI deployments, while Leidos’ multiple aligns with its role as a mature, lower-volatility contractor with predictable cash flows.

Image Source: Zacks Investment Research

How Analyst Estimates Are Shifting for BBAI & LDOSBigBear.ai’s earnings outlook has improved meaningfully. The Zacks Consensus Estimate for its 2025 loss per share narrowed from a loss of $1.10 to a loss of 93 cents over the past month, and 2026 estimates point to a further reduction in losses to 25 cents. Revenue forecasts imply a 16.1% decline in 2025 due to one-time disruptions but rebound sharply with expected growth of 30.2% in 2026.

BBAI Stock

Image Source: Zacks Investment Research

Leidos’ EPS trend shows steady and positive momentum. The 2025 EPS estimate increased from $11.27 to $11.67, representing year-over-year growth of 14.3%, while 2026 earnings are expected to rise 4.8%. Revenue growth projections for both years stand at 3.3%.

The divergence reflects differing business models — BigBear.ai is improving rapidly from negative earnings, while Leidos continues its trajectory of stable, incremental growth.

LDOS Stock

Image Source: Zacks Investment Research

Which Defense-Focused AI Stock Is the Better Buy Now?Both companies offer compelling investment narratives. Leidos provides durability, scale, and consistent profitability, supported by a massive backlog, deep customer relationships, and expanding AI-enhanced capabilities. Its valuation remains inexpensive relative to its stability, and its capital-return profile continues to strengthen.

BigBear.ai, however, offers significantly greater near-term upside potential. Its transformation into a secure AI-platform provider, the rapid growth trajectory of Ask Sage, its expanding government footprint and its strengthened liquidity position all create a scenario where upside optionality is far greater than that of a mature integrator. The improving earnings outlook for this Zacks Rank #2 (Buy) company suggests stronger momentum behind BigBear.ai at this stage of the AI adoption cycle. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

For investors seeking stability and long-term compounding, Leidos — carrying a Zacks Rank #3 (Hold) — remains a strong choice. For those prioritizing higher growth potential and more direct exposure to defense-grade AI acceleration, BigBear.ai appears to be the solid bet right now with more upside potential in the near term.

November 27, 2025 2:25 PM EST | Source: Canadian Securities Exchange (CSE)
Toronto, Ontario--(Newsfile Corp. - Le 27 novembre/November 2025) - Graycliff Exploration Limited has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every four (4) pre-consolidated common shares.

As a result, the number of outstanding shares will be reduced to approximately 4,402,460 common shares.

The name and symbol will not change.

Please note that all open orders will be canceled at the close of business on November 28, 2025. Dealers are reminded to re-enter their orders taking into account the share consolidation.

_________________________________

Graycliff Exploration Limited a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour chaque quatre (4) actions ordinaires pré-consolidées.

En conséquence, le nombre d'actions en circulation sera réduit à environ 4 402 460 actions ordinaires.

Le nom et le symbole ne changeront pas.

Veuillez noter que toutes les commandes ouvertes seront annulées à la fermeture des bureaux le 28 novembre 2025. Les négociants sont invités à ressaisir leurs commandes en tenant compte de la consolidation des actions.

Trading on a Consolidated Basis/Négociation sur une Base Consolidée : Le 1 DEC 2025 Record Date/Date d’Enregistrement : Le 1 DEC 2025 Anticipated Payment Date/Date de Paiement Prévue : Le 1 DEC 2025 Symbol/Symbole : GRAY NEW/NOUVEAU CUSIP : 38940L 30 4 NEW/NOUVEAU ISIN : CA 38940L 30 4 8 Old/Vieux CUSIP & ISIN : 38940L205/CA38940L2057

Air Canada will transport more than 750 athletes and delegation members to and from the GamesEight Team Canada members named Team Air Canada Athlete AmbassadorsLivery features images of Team Air Canada Athlete Ambassadors on Fin 940, an Airbus A330
MONTRÉAL, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Air Canada today proudly unveiled a special livery honouring our Canadian Olympians and Paralympians competing in the Milano Cortina 2026 Olympic and Paralympic Winter Games. This bold design on Fin 940, an Airbus A330, features images of Team Air Canada Athlete Ambassadors and embodies the strength, dedication and national pride of Team Canada. The first scheduled flight for this special Team Canada livery is flight AC894 today headed for Milan!

As the Official Airline of Team Canada, Air Canada will once again Fly The Flag, transporting more than 750 athletes and delegation members to and from the Games. The airline’s employee-driven Going for Gold program, further supports Team Canada in ensuring a seamless travel experience for Canada’s top athletes.

“This special livery is more than a design – it’s a tribute to the strength, resilience, and heart of the athletes representing Team Canada. As the official airline of Team Canada, we are honoured to support our athletes on their journey to Milano Cortina 2026. Our partnership with the COC and CPC reflects our shared commitment to excellence and to celebrating the power of sport that unites our nation,” said Andy Shibata, Vice President, Brand at Air Canada. “Bringing Canada’s Olympians and Paralympians to compete on the world’s greatest sporting stage is a point of pride for all of us at Air Canada.”

“We’re so excited to see the Milano Cortina 2026 Air Canada livery take to the skies,” said Jacqueline Ryan, Chief Brand and Commercial Officer of the COC and CEO of the Canadian Olympic Foundation. “Air Canada has been a longtime supporter of Team Canada, and this design emphasizes the strength and soaring ambitions of Canadian athletes. The new livery will no doubt inspire Canadians and help rally us all together on the road to Milano Cortina 2026.”

"It is so exciting to see Canada's Paralympic and Olympic athletes celebrated with this new livery, and it definitely makes the Games feel even closer," said Karen O'Neill, CEO, Canadian Paralympic Committee. "Thank you to Air Canada for their incredible commitment to Team Canada and for their support and care in providing the athletes, coaches, and all team staff with a comfortable journey to the Games – we can't wait until we head to Italy." 

Air Canada also revealed today its Team Air Canada Athlete Ambassadors:

Marie-Philip Poulin – Ice Hockey (Beauceville, Québec)Mikaël Kingsbury – Freestyle Skiing (Sainte-Agathe-des-Mont, Québec)William Dandjinou – Speed Skating (Sherbrooke, Québec)Cassie Sharpe – Freestyle Skiing (Vancouver, British Columbia)Tyler McGregor – Para Ice Hockey (Forest, Ontario)Ina Forrest – Wheelchair Curling (Spallumcheen, British Columbia)Alexis Guimond – Para-Alpine Skiing (Gatineau, Québec)Mollie Jepsen – Para-Alpine Skiing (West Vancouver, British Columbia) Team Canada athletes will receive:

Complimentary 35K Aeroplan status and 10,000 Aeroplan points for all Team Canada athletes through the Podium ProgramCare & share packages for athletes departing Canada, including amenity kits and memorabilia for added comfort in-flight Air Canada has proudly served as the Official Airline of the Canadian Olympic Team since 1988 and the Canadian Paralympic Team since 2007. This partnership will continue through the 2028 and 2030 Games, with further athlete endorsements planned.

About Air Canada

Air Canada is Canada's largest airline, the country’s flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada’s TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US.

Contacts: [email protected]

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Boeing Co (NYSE: BA) finally strung together a green day on Wednesday — and Jim Cramer jumped in with a bold call. "I am really starting to lean on Boeing for a monstrous 2026," he posted on X, as BA stock closed up about 2.5% around $187.

November 27, 2025 2:33 PM EST | Source: Americore Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP0) (OTCQB: AMCOF) ("Americore" or the "Company") announces that it is issuing a correction to its news release dated November 27, 2025, in which the Company incorrectly stated that its acquisition transaction with Nevada Hills Gold LLC (the "Vendor") constituted a Non-Arm's Length transaction.

The Company confirms that the transaction is in fact an Arm's Length transaction, as defined under the policies of the TSX Venture Exchange (the "Exchange"). The prior disclosure referencing the transaction as Non-Arm's Length was included in error and the result of an administrative oversight during the preparation of the original release.

Americore wishes to clarify that:

The Company and the Vendor do not share common directors, officers, control persons, or other insider relationships that would cause the transaction to be considered Non-Arm's Length under Exchange policies.

The transaction remains structured under the previously announced amended commercial terms, including:

US$100,000 cash and 250,000 common shares, issued on Exchange approval of the transaction;US$100,000 cash and 250,000 common shares, issued 15 months following Exchange approval;A 0.5% NSR royalty retained by the Vendor on future production;The potential for an NSR buy-back right to be negotiated in the future, subject to Exchange policies.No finder's fees are payable in connection with this transaction, and all securities issued will remain subject to a statutory four-month hold period in accordance with applicable securities laws and Exchange policies.

Apart from the correction to the nature of the transaction, all other information and material commercial terms disclosed in the original and amended press releases remain unchanged. Americore regrets the error and confirms that internal disclosure controls have been reviewed to prevent similar administrative inaccuracies in the future.

CONTACT

The Company is listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding AMERICORE's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits AMERICORE will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including AMERICORE's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that AMERICORE does acquire. These forward-looking statements are made as of the date of this news release and AMERICORE assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276205

Key Takeaways NI's 2025 revenue estimate is pinned at $6.26 billion, implying 14.70% year-over-year growth.The company plans gas turbines, battery storage and transmission upgrades to meet rising demand.NI beat earnings estimates in three of the trailing four quarters with an average surprise of 3.23%.
NiSource Inc. (NI - Free Report) is systematically investing in modernizing its infrastructure to improve operational reliability while gradually replacing its coal-based units with clean energy assets.

Let us focus on the reasons that make this Zacks Rank #2 (Buy) stock a strong investment pick in the Zacks Utility-Electric Power industry at present.

NI’s Growth Outlook & Surprise HistoryThe Zacks Consensus Estimate for 2025 earnings per share (EPS) is pegged at $1.88, implying year-over-year growth of 7.43%.

The Zacks Consensus Estimate for 2025 revenues is pegged at $6.26 billion, suggesting a year-over-year improvement of 14.70%.

NI’s long-term (three to five years) earnings growth rate is 7.93%.

NI’s earnings beat estimates in three of the trailing four quarters and missed the same in one, delivering an average surprise of 3.23%.

NI’s Dividend HistoryNI has been increasing shareholder value by steadily paying dividends. Currently, the company’s quarterly dividend is 28 cents per share, resulting in an annualized dividend of $1.12. NI’s current dividend yield is 2.56%, better than the Zacks S&P 500 composite's average of 1.09%.

NI’s Capital Investment FocusNI’s capital investment plan forecasts capital expenditures in the range of $26.4 billion to $28.4 billion for 2026-2030.

The company's strategic expenditures focus on strengthening its generation and grid capabilities. This includes developing two 1,300-megawatt natural gas-fired turbines, adding 400 megawatts of new battery storage, and upgrading critical transmission infrastructure, enabling the company to meet rising demand from data centers, enhance system reliability, and improve 
customer satisfaction.

Overview of NI’s Debt StructureCurrently, NI’s total debt to capital is 58.37%, better than industry’s average of 59.51%. The company's capital structure is more efficient than the industry average, owing to its lower reliance on debt.

NI’s Solvency RatioNI’s times interest earned ratio (TIE) at the end of the third quarter of 2025 was 3.0. The TIE ratio is a key solvency metric that indicates how effectively a company can meet its long-term debt obligations, showing the extent to which its operating earnings are sufficient to cover interest payments.

NI’s Share Price PerformanceOver the past year, NI’s shares have risen 14.4%, but lagged behind the industry’s growth of 16.2%.

Image Source: Zacks Investment Research

Other Stocks to ConsiderA few other top-ranked stocks from the same industry are CenterPoint Energy, Inc. (CNP - Free Report) , Ameren Corporation (AEE - Free Report) and Evergy, Inc. (EVRG - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CNP’s long-term earnings growth rate is 8.86%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.77, which suggests year-over-year growth of 9.26%.

AEE’s long-term earnings growth rate is 8.52%. The Zacks Consensus Estimate for 2025 EPS is pegged at $4.99, which suggests year-over-year growth of 7.78%.

EVRG’s long-term earnings growth rate is 5.78%. The Zacks Consensus Estimate for 2025 EPS is pegged at $4.01, which suggests year-over-year growth of 5.25%.

Key Takeaways Opdivo and Qvantig sales rose in Q3, with Bristol Myers expecting strong global growth in 2025.Gains are driven by demand in key markets and new approvals, including strong U.S. and ex-U.S. momentum.Bristol Myers faces pressure from rivals Keytruda and Tecentriq as it offsets declines in legacy treatments.
Bristol Myers (BMY - Free Report) has a robust oncology portfolio, including the blockbuster immune-oncology drugs, Opdivo, Opdivo Qvantig and Yervoy, among others.

Opdivo is a key drug in BMY’s growth portfolio that is approved for several oncology indications. The drug, approved for numerous oncology indications, is one of the top revenue generators for BMY.

Consistent label expansion of the drug has enabled it to maintain momentum. Opdivo sales were approximately $2.5 billion in the third quarter, up 7%, driven primarily by continued demand. U.S. sales are being driven by a strong launch in MSI-high colorectal cancer and continued growth in first-line non-small cell lung cancer, while international sales are supported by label expansions of the drug.

The approval of Opdivo Qvantig (nivolumab and hyaluronidase-nvhy) injection for subcutaneous use has bolstered Opdivo’s franchise. The initial uptake has been strong. Sales totaled $67 million in the third quarter, fueled by continued use across all indicated tumor types as well as the permanent J-Code received in the quarter.

The company now expects global Opdivo sales, together with Qvantig, to increase in the high single digit to low double-digit range in 2025 (previous guidance: mid to high single-digit range in 2025), driven by strong performance year to date.

We note that BMY is currently banking on the label expansion of approved drugs and approval of new drugs to stabilize its revenue base, as its legacy drugs (Revlimid, Pomalyst, Sprycel and Abraxane) face generic competition.

Competition for BMY’s Oncology DrugsWhile the label expansion of Opdivo is positive, the immuno-oncology space is dominated by pharma giant Merck’s (MRK - Free Report) blockbuster drug Keytruda (pembrolizumab), along with Roche’s (RHHBY - Free Report) Tecentriq.

Keytruda is approved for several types of cancer and alone accounts for more than 50% of MRK’s pharmaceutical sales. Merck is currently working on different strategies to drive long-term growth of Keytruda.

Roche’s immuno-oncology Tecentriq is also approved for various oncology indications — early-stage (adjuvant) NSCLC, small cell lung cancer, hepatocellular carcinoma and breast cancer, among others.  In addition to intravenous infusion, Roche has also obtained approval for Tecentriq as a subcutaneous injection.

BMY’s Price Performance, Valuation and EstimatesShares of Bristol Myers have lost 12.9% year to date against the industry’s growth of 19.5%.

Image Source: Zacks Investment Research

From a valuation standpoint, BMY is trading at a discount to the large-cap pharma industry. Going by the price/earnings ratio, BMY’s shares currently trade at 8.17x forward earnings, lower than its mean of 8.40x and the large-cap pharma industry’s 17.47X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for 2025 earnings per share has moved north in the past 60 days, while that for 2026 EPS has moved south.

Image Source: Zacks Investment Research

November 27, 2025 2:47 PM EST | Source: Promino Nutritional Sciences, Inc.
Burlington, Ontario--(Newsfile Corp. - November 27, 2025) - Promino Nutritional Sciences Inc. (CSE: MUSL) (OTCID: MUSLF) (FSE: 93X) (the "Company" or "Promino") is pleased to announce the full revocation of a Failure-to-File Cease Trade Order (the "FFCTO") issued by the Ontario Securities Commission (the "OSC") effective on November 26, 2025. The FFCTO prohibited the trading by any person or company of any securities of the Company in Canada, except pursuant to limited exceptions under the FFCTO.

The FFCTO was issued by the OSC on May 7, 2025 due to the Company's failure to file its annual audited financial statements, management's discussion and analysis and related officer certifications for the fiscal year ended December 31, 2024 (collectively, the "Filings") as required under Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations and pursuant to National Instrument 52-109 – Certification of Disclosure in Issuer's Annual and Interim Filings. The Company submitted the Filings on September 12, 2025, as amended on November 19, 2025, all of which are available for review on SEDAR+ at www.sedarplus.ca. On September 19, 2025, the Company filed on SEDAR+ its interim financial statements, management's discussion and analysis and related officer certifications for the three months ended March 31, 2025 and the six months ended June 30, 2025.

The Company has submitted a written application to the Canadian Securities Exchange (the "Exchange") in order to commence the process to reinstate trading of the Company's common shares on the Exchange. Furthermore, the Company confirms that it has provided the OSC with an undertaking to hold an annual meeting of shareholders on or before February 26, 2026. Other than as otherwise disclosed by the Company since the date of the FFCTO, there have been no changes to the Company's current or future business plans since the date of the FFCTO.

About Promino

Promino is an innovative and research driven Canadian nutraceutical company specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate Muscle Health™ now benefits from a new formulation that aims to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Promino also offers Promino™, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ontario.

For more information about Rejuvenate Muscle™ Activator and where to purchase, visit www.rejuvenatemuscle.com.

To learn more about Promino, visit www.drinkpromino.com.

Forward-Looking Statements

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Former BitMEX CEO Arthur Hayes made headlines with a dramatic reversal of his position on Monad (MON), a lesser-known cryptocurrency, underscoring the unpredictable nature of low-float altcoin investments. Within a short span of just under seven hours, Hayes transitioned from expressing strong support for the coin to calling for its downfall, illustrating the inherent volatility and risks associated with trading in such niche markets.

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Even though the price of Ethereum has been steadily declining over the past few weeks, the leading blockchain is now experiencing a surge in adoption. Currently, the number of transactions per second processed on the network has increased significantly, reaching unprecedented levels.

New Throughput Record For The Ethereum Network
In a highly volatile cryptocurrency landscape, the Ethereum network has just reached a new milestone in terms of usage and adoption. On-chain data shows that more transactions are now being carried out on the leading blockchain, indicating renewed interest in the ETH ecosystem.

The Ethereum network has surged to a new all-time high in Transaction Per Second (TPS) as shared by Joseph Young on the social media platform X. The new TPS peak suggests that the ecosystem is shifting into a higher gear, where demand for smart contracts, rollups, and L2s all come together to form a single upward push.

According to the data, over 31,083 transactions are now being processed on the blockchain in one second. Young expects this TPS to expand further in the short term due to upcoming ETH updates such as Fusaka Upgrade, Peerdas, ZKetherum, Blob scaling, EIP-7928, and ZK. These crucial updates are proving latency reduction.

ETH TPS flips previous levels | Source: Chart from Joseph Young on X
Furthermore, Young stated that ethereal is scaling with an exponential curve. For a brief period, Ethereum seemed nearly weightless, sharper, leaner, and more equipped to handle whatever the upcoming surge in on-chain activity could require.

Ethereum’s transactions have also grown exponentially in the daily time frame, hinting at fresh demand and revived conviction. Leon Waidmann, the head of research at On-Chain Foundation, delved into the ETH Transaction count, revealing that approximately 30.69 million transactions across the Ethereum Mainnet and Layer 2s are processed in a single day.

Waidmann highlighted that the chart has witnessed a multi-month uptrend with the metric showing no signs of slowing down. This points to the rise in daily activity, which is up more than 5x since Q1, and consistent demand from PayFi, AI agents, and Decentralized Finance (DeFi).

All of these cement ETH as the fastest scaling ecosystem in the entire crypto sector. A spike of this magnitude is noticeable in ETH’s on-chain environment, indicating that something deeper may be awakening.

A Decline In ETH’s Transaction Costs
While transactions are spiking on the Ethereum network, its transaction cost appears to have collapsed sharply. In a post by Waidmann, the average transaction cost of Layer 1 was $0.17 per token transfer. Meanwhile, Layer 2’s average cost was $0.0007 per token transfer.

With such low cost, the network is currently functioning cheaply at a scale, and transfers worth fractions of a cent are cleared by most optimistic rollups. However, zkEVM L2s like zkSync Era and Linea continue to be highly expensive compared to their optimistic peers.

ETH trading at $3,033 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

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Crypto analyst NeverWishing has predicted that the XRP price will rally to as high as $1,115. He highlighted three paths for XRP to reach this target, in what the analyst described as the final bull run for the altcoin. 

Analyst Maps Out Final XRP Bull Run Rally To $1,115
In a TradingView post, the crypto analyst mapped out three paths for XRP to rally to the $1,115 target. They tagged the first path as the immediate delivery, the second as a normal delivery, and the third as one that will trigger only if the XRP price stays suppressed. For the third path, NeverWishing stated that a final backup execution could happen between January 1 and 6 next year.

For path A, NeverWishing stated that it will start between this month and next month, with the first impulse sparking an XRP rally to between $30 and $33. The secondary spike will send the altcoin to $186, while a consolidation phase will lead to a climb toward $285. After that, XRP will rally to its final blow-off target of $1,115. 

Source: Chart from Neverwishing from Tradingview
NeverWishing described the second path as the fastest, stating it will occur between January and March next year. The first stop will be between $30 and $33 for XRP, after which volatility waves will occur through February and March. The altcoin will then break into the macro expansion zone, with the major target at $285 and the final target at $1,115.

The Third Path For XRP
The analyst noted that the third path is smoother and slightly delayed. NeverWishing also reiterated that this is a suppressed variant and will only happen if the first and second paths fail. They explained that if the XRP price stays held down, then the algorithm will reset and fire between January 1 and 6 next year.

XRP will have the same opening move as the first two paths, rallying to between $30 and $33. It will then have the same structure as the second path, with the macro targets being $285 and $1,115. NeverWishing then outlined the key timing windows for XRP as it eyes a rally to this $1,115 target. 

The first key timing is between this month and January 2026, which marks the entry and breakout window. The analyst tagged March 21, 2026, as the mid-cycle reversal point in the XRP final bull run. August 14, 2026, marks the “warning zone,” while the pullback is expected between October and November 2026. Lastly, NeverWishing stated that January 1, 2027, is the final liquidity window.  

At the time of writing, the XRP price is trading at around $2.20, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.19 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

Key Notes21Shares drove aggregate outflows with $34 million in redemptions while Bitwise and Grayscale continued accumulating positions.Most ETF holders remain underwater with average cost basis near $151, reducing likelihood of mass liquidations at current levels.Technical resistance at the 20-day moving average ($152) must be cleared before SOL can target the $168 level.
On Nov. 27, Solana

SOL
$142.0

24h volatility:
0.9%

Market cap:
$79.19 B

Vol. 24h:
$4.68 B

price reclaimed the $140 threshold for the first time since mid-month. The rebound arrived alongside a notable shift in ETF flows, as Solana ETFs logged $8.2 million in net withdrawals, the first negative session since launch.

ETF issuers recorded their first outflow day after a 22-day inflow streak. The day’s numbers were led by 21Shares, which saw $34 million in outflows, while Bitwise extended its accumulation with a $13.3 million addition. Fidelity’s FSOL added $2.5 million, Grayscale’s GSOL attracted $10.4 million, and VanEck reported neutral flows. The 21Shares outflow was large enough to push aggregate flows negative for the first time since SEC approval on Oct. 28.

21Share (TSOL) $33.4 million outflows plunges Solana ETFs into first-day of outflows since launch | Source: FarsideInvestors

Solana ETFs have largely opted to sit on their holdings while Bitcoin

BTC
$91 457

24h volatility:
1.4%

Market cap:
$1.82 T

Vol. 24h:
$68.45 B

and Ethereum

ETH
$3 025

24h volatility:
0.3%

Market cap:
$364.58 B

Vol. 24h:
$18.16 B

issuers saw more aggressive adjustments. The preference stems partly from the SEC’s approval of staking for Solana ETFs, resulting in a yield-driven incentive to hold through volatility.

The latest outflow could put traders on alert for a potential profit-taking phase from ETF holders. However, an accelerated sell-off appears unlikely at current price levels. Solana traded near $200 when ETF approval was announced on Oct. 28 and has maintained a 30-day average of $151, according to TradingView data.

With SOL trading at $141 at press time, most ETF holders remain underwater and may be unlikely to sell large portions of their holdings at a loss. However, sell-signals could emerge as SOL approaches the $150 level, the average cost basis of active Solana ETF.

Solana Price Forecast: Can SOL Break Above the 20-Day MA?
Solana enters the final stretch of the month with improving momentum, but the technical indicators suggest the rebound prospects remain weak. The daily chart shows SOL trading below all three short-term moving averages, at $142, $152 and $168, reinforcing a cautious outlook until stronger confirmation emerges.

Solana (SOL) price forecast, Nov. 27 | TradingView

Solana’s RSI has also recovered from oversold territory and continues to trend upward, but remains below the 50-line, signaling weak momentum.

While the 7-day SMA at $142 poses immediate intraday resistance, a decisive close above the 20-day MA at $152 could open the door to a retest of $168, near the 50-day MA. However, failure to clear the 20-day MA may trigger a pullback toward $135, the zone that previously acted as short-term support.

Crypto Traders on Alert As Maxi Doge Presale Nears $4.5M
As traders monitor Solana’s technical levels and ETF flow dynamics, interest in high-leverage trading opportunities continues to grow across the crypto market. Maxi Doge, a meme-based leverage trading ecosystem that combines social entertainment with aggressive yield potential, has captured attention with its presale performance.

Maxi Doge Presale

The Maxi Doge presale has now exceeded $4.2 million, nearing its $4.5 million target. The project, offering up to 1000x leverage with no stop-loss restrictions. Each MAXI token is currently priced at $0.00027, with the next pricing tier expected to unlock within hours.

Interested buyers can visit the official Maxi Doge presale website to secure early allocation and access exclusive early-joiner bonuses.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Solana (SOL) News, Market News

Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.

Ibrahim Ajibade on LinkedIn

TL;DR

Bitcoin reclaimed the $91,000 level, driven by a shift in market expectations for a December Federal Reserve rate cut, now estimated at 85% probability.
The rally triggered over $240 million in short liquidations, significantly more than long liquidations.
Analysts highlight resistance near $95,000 and anticipate that macroeconomic sentiment, rather than crypto-specific factors, is currently shaping Bitcoin’s trajectory.

Bitcoin’s price momentum gained strength this week as improving risk sentiment pushed the cryptocurrency past $91,000, according to a report by Singapore-based trading firm QCP Capital. The move started after Bitcoin hit an intraday low of $86,400 and has since maintained gains, rising over 5% in 24 hours and reaching around $91,500, per CoinGecko data. Trading volumes have also increased, reflecting higher investor engagement across major exchanges, suggesting continued attention from both retail and institutional participants.

Improving Risk Sentiment Supports Bitcoin Rally
Market analysts attribute the rebound to broader financial market optimism rather than crypto-specific catalysts. The S&P 500 recorded a fourth consecutive up-close daily candlestick, aligning with Bitcoin’s bullish retest. The uptick coincides with markets pricing in an 85% probability of a 25-basis-point Fed rate cut in December, according to CME FedWatch, reflecting a cautious but positive shift in investor risk appetite.

The recovery caught short sellers off guard, leading to $241 million in short liquidations in the past 24 hours, more than triple the volume of long liquidations, according to Coinglass. Market participants noted a noticeable increase in derivative trading activity, indicating that the rally is being closely monitored by professional traders, which underscores the increasing sensitivity of crypto markets to macroeconomic signals and institutional positioning.

Institutional Flows Indicate Rangebound Potential
Options data suggests institutional investors are positioning for limited price movement in the near term. This week saw $2 billion in flows, with long call condor strategies signaling expectations that Bitcoin may remain range-bound. The strategy allows maximum gains if Bitcoin trades between the two middle strike prices at expiry, while losses occur outside this range.

QCP analysts also noted that ETF-related distribution could hinder rallies beyond $95,000, while the $80,000 to $82,000 zone continues to act as critical support. Despite the Fed’s cautious tone, with four officials signaling support for rate cuts and six opposing, Bitcoin’s trajectory is closely tied to broader market sentiment.  

Overall, Bitcoin’s rebound past $90,000 highlights the influence of macroeconomic catalysts on crypto markets.  

XRP has rebounded significantly above the $2 psychologically important threshold in recent weeks, with tailwinds from strong daily spot exchange-traded fund inflows following the debut of Grayscale’s GXRP and Franklin Templeton’s XRPZ funds.

And now veteran trader Peter Brandt expects the Ripple-linked cryptocurrency to “do well” in the coming months.

Though Brandt did not explicitly mention XRP, some eagle-eyed observers on X quickly identified the coin’s specific chart.

As of press time, XRP was changing hands at $2.20, up 1.2% over the last 24 hours amid a broader crypto market rebound, CoinGecko data shows.

According to Brandt’s chart, the dominant pattern is a massive symmetrical triangle that has formed over several years. XRP’s price movement undoubtedly indicates a bullish breakout from this triangle formation.

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The asset is currently consolidating in a tight range near all-time highs following the initial explosive breakout. This specific formation resembles a bull flag — a typically bullish continuation pattern. Thus, XRP’s break above the flag’s upper trendline would mean the altcoin is poised to resume its uptrend.

XRP ETF Strong Start Sparks Market Optimism
Grayscale’s GXRP drew in $67.4 million on debut day, with Franklin Templeton’s XRPZ attracting $63 million. Total XRP ETF assets surpassed $628 million, absorbing approximately 80 million tokens in 24 hours, making for a stronger initial response than Solana’s ETF launch earlier this year. Notably, this stellar performance for the XRP funds comes against a backdrop of Bitcoin outflows. 

Four U.S. spot XRP funds are now live on Wall Street, with Canary Capital’s XRPC leading cumulative net inflows at $331 million, followed by Bitwise’s XRP ETF at $168 million.

Such rapid absorption is crucial because ETF demand directly puts pressure on circulating supply. Still, sustained inflows must continue to boost XRP’s price in the long term.

33 minutes ago

The proposal details how roughly $8 million recovered from the $116 million November hack would be distributed to victims.

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Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the protocol’s $116 million November exploit.

About $28 million from the $116 million heist was recovered by white hat hackers, internal rescuers, and StakeWise — an Ether liquid staking platform. 

However, the proposal covers only the $8 million recovered by white hat hackers and internal rescue teams, while the nearly $20 million retrieved by StakeWise will be distributed separately to its users.

Balancer community proposal to distribute recovered funds. Source: BalancerThe authors proposed that all reimbursements should be non-socialized, meaning that funds are distributed only to the specific liquidity pools that lost the funds and paid out on a pro-rata basis according to each holder’s share in the liquidity pool, represented by Balancer Pool Tokens (BPT).

Reimbursements should also be paid in-kind, with victims of the hack receiving payment denominated in the tokens they lost to avoid price mismatches between different digital assets, according to the authors. 

The Balancer hack was one of the “most sophisticated” attacks in 2025, according to Deddy Lavid, the CEO of blockchain cybersecurity company Cyvers, highlighting the need for crypto user safety as security threats continue to evolve.

Top blockchain security firms audited Balancer’s smart contracts, but the audits didn’t save it Balancer’s code has been audited 11 times by four different blockchain security companies, according to the platform’s GitHub page.

Balancer code audits. Source: GitHubDespite the audit, the platform was still hacked, prompting some crypto users to question the value of audits and whether they actually ensure code safety.

Balancer released a post-mortem report on Nov. 5 outlining the root cause of the hack: a sophisticated exploit targeting a rounding function used in EXACT_OUT swaps within its Stable Pools.

The rounding function is designed to round down when token prices are input, but the attacker managed to manipulate the calculation so that values were rounded up instead.

The attacker combined this flaw with a batched swap — a single transaction containing multiple actions — to drain funds from Balancer’s pools.

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