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Kurv Investment Management's Howard Chan talks about his firm's KMEM ETF and how it offers investors exposure to global AI memory businesses. He then talks about memory's role in AI infrastructure by highlighting chipmakers Micron (MU), Samsung and SK Hynix. Live financial news intelligence
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2026-07-01 21:26
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Analyzing MU & Global Memory Chipmakers' Role in AI Buildout | FMP Stock News | |
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Chip stocks that notched record rallies in second quarter start Q3 with a dud | FMP Stock News | |
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A day after closing out a blockbuster three months on Wall Street, high-flying chip stocks suffered steep declines to open the third quarter.Memory maker Micron dropped 11%, wiping out $138 billion of market cap. Intel fell 9% and rival chipmaker Advanced Micro Devices dropped 7%. Those three stocks boomed in the second quarter, adding $2 trillion in combined value, as investors wagered that the artificial intelligence buildout would require an ever-increasing amount of memory as well as more central processors, rather than just the graphics processors made by Nvidia. The VanEck Semiconductor ETF (SMH), an index that tracks chip stocks, fell more than 5% on Wednesday, a day after closing out the fund's best quarter ever, jumping 71% from the start of April through the end of June. Other big decliners on Wednesday included semiconductor equipment names Lam Research, KLA Corp. and Applied Materials which all more than doubled in the second quarter. They all fell at least 10%. One drag on the market was a report that Meta, one of the biggest buyers of AI infrastructure, may be looking to rent out excess computing capacity. That raised fears that AI processing supply may be catching up to demand. Meta is among a small group of so-called hyperscalers, internet companies that are spending hundreds of billions of dollars a year building out AI data centers. The move was viewed as a positive for Meta, which gained over 9% on Wednesday after a lackluster second quarter. Analysts at KeyBanc Capital Markets who recommend buying the shares wrote in a note to clients that the move positions Meta "more into the enterprise side of the market, which could provide more immediate" return on investment. Richard Saperstein, chief investment officer at Treasury Partners, said he would "stick with the hyperscalers" as the market recognizes their strength in the AI trade. "Earnings are accelerating, yet multiples are compressing," Saperstein said on CNBC's "Closing Bell." "All I can attribute that to hyperscalers have been valued as capital intensive and asset-heavy versus asset-light." Whatever concerns may be seeping into some of the infrastructure stocks, they have little to do with the most recent financial results. Micron last week reported a more than quadrupling of revenue in the latest quarter, while its gross margin, the profit left after accounting for the cost of goods sold, jumped to 84.9% in the third quarter from 39% a year earlier. |
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2026-07-01 21:26
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Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel | FMP Stock News | |
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The Amgen logo is seen in this illustration taken August 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tabSummaryCompaniesJudge says Amgen likely to face significant, irreparable harmEnbrel price was capped at $31,200 annually, list price tops $100,000Colorado declined to commentJuly 1 (Reuters) - A federal judge on Wednesday blocked Colorado from capping the price of Amgen's (AMGN.O), opens new tab blockbuster arthritis drug Enbrel, a first-of-its-kind move by a U.S. state. In granting a preliminary injunction, Chief Judge Daniel Domenico of the Denver federal court said Amgen would likely face significant and irreparable harm from charging lower prices, adding that it could affect the drugmaker's negotiations for future contracts with wholesalers and distributors. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here. Domenico said that "as a matter of basic economic logic, Amgen is likely to be significantly harmed by a cap on the price of its product, even if the cap applies unevenly" within the supply chain. He also said that while Colorado had a legitimate interest in helping patients afford Enbrel, and could try doing so through subsidies or negotiations to lower prices as the federal government has done, "capping the price of a patented drug" was not an option. In October, the Colorado Prescription Drug Affordability Board capped Enbrel prices at $600 for a 50-milligram weekly dose, or $31,200 per year, effective on January 1, 2027. The list price of Enbrel exceeds $100,000 per year. Amgen had until July 5 to decide whether to continue selling the drug in Colorado. Genna Morton, a spokeswoman for Colorado's Division of Insurance, said the agency cannot comment on pending litigation. Amgen and its lawyers did not immediately respond to requests for comment. The U.S. pays about three times as much as other high-income countries for branded drugs, and the federal government and states have pursued policies to keep prices down. Enbrel, whose chemical name is etanercept, is used to treat arthritis and plaque psoriasis. It is one of Amgen's biggest drugs, accounting for $2.23 billion of sales in 2025. The Thousand Oaks, California-based drugmaker said Colorado's cap conflicted with federal patent law, violated its due process rights under the U.S. Constitution and threatened patients' access to needed treatment. Domenico was appointed to the bench by Donald Trump. The U.S. president has nominated Domenico to join the 10th U.S. Circuit Court of Appeals, whose jurisdiction includes Colorado. Reporting by Jonathan Stempel in New York; Editing by Mark Porter Our Standards: The Thomson Reuters Trust Principles., opens new tab |
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2026-07-01 21:25
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2026-07-01 16:36
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ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Zillow Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - Z, ZG | FMP Stock News | |
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New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.SO WHAT: If you purchased Zillow 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 Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join 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 August 10, 2026. 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 handle 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 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 billions 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 throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or 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 or 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. ------------------------------- To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303640 Source: The Rosen Law Firm PA Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs. Contact Us |
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Securities Fraud Investigation Into MercadoLibre, Inc. (MELI) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm | FMP Stock News | |
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LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of MercadoLibre, Inc. (“MercadoLibre” or the “Company”) (NASDAQ: MELI) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON MERCADOLIBRE, INC. (MELI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On. |
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Occidental to Announce Second Quarter Results Wednesday, August 5, 2026; Hold Conference Call Thursday, August 6, 2026 | FMP Stock News | |
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July 01, 2026 16:15 ET | Source: OccidentalHOUSTON, July 01, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2026 financial results after close of market on Wednesday, August 5, 2026, and will hold a conference call to discuss the results on Thursday, August 6, 2026, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10209862/1043a899934. Second quarter 2026 financial results will be available through the Investor Relations section of the company’s website. A recording of the webcast will be posted on the website within several hours after the call is completed. About Occidental Occidental is an international energy company that produces, markets and transports oil and natural gas to maximize value and provide resources fundamental to life. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Headquartered in Houston, Occidental primarily operates in the United States, the Middle East and North Africa. To learn more, visit oxy.com. Contacts |
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2026-07-01 21:25
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Abbott Laboratories vs. Intuitive Surgical: Which Healthcare Stock Is a Better Buy in 2026? | FMP Stock News | |
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Choosing between established stability and high-tech growth often defines a portfolio. Whether you prefer the diversified reach of Abbott Laboratories (ABT +1.49%) or the specialized dominance of Intuitive Surgical (ISRG +1.17%), both offer compelling paths.Abbott operates a broad healthcare empire spanning baby formula to heart valves, providing steady cash flows across market cycles. Intuitive Surgical focuses intensely on robotic-assisted surgery, benefiting from an ecosystem that generates significant recurring revenue. This comparison involves weighing broad diversification against narrow, high-margin specialization in the healthcare sector. The case for Abbott LaboratoriesAbbott Laboratories operates across four primary segments, including medical devices, diagnostics, nutrition, and established pharmaceuticals. It sells these products globally to a diverse customer base of wholesalers, hospitals, clinics, and government agencies. In March 2026, the company completed its acquisition of Exact Sciences Corporation, a move designed to expand its presence in the cancer diagnostics market. Financial results show the scale of these operations. In FY 2025, revenue reached nearly $44.3 billion, up roughly 5.7% from the previous year. Net income for the same period was close to $6.5 billion, while the company maintained a net margin of approximately 14.7%. As an established player among medical device stocks, Abbott maintains a sturdy balance sheet. According to its December 2025 balance sheet, the debt-to-equity ratio was roughly 0.3x, which measures total debt relative to shareholders’ equity. The current ratio, which gauges the ability to cover short-term obligations with short-term assets, stood at approximately 1.6x, and the company generated roughly $7.4 billion in free cash flow. The case for Intuitive SurgicalIntuitive Surgical provides a robotic-assisted surgical ecosystem, primarily through its da Vinci and Ion platforms. The company generates revenue by selling these systems to hospitals and then providing the ongoing instruments, accessories, and services required for procedures. In early 2026, the company strengthened its international footprint by bringing several European distribution businesses in-house through strategic acquisitions. Growth has remained robust for the robotic surgery pioneer. In FY 2025, revenue reached close to $10.1 billion, which was a significant increase of approximately 20.5% over the prior year. Net income for the period was roughly $2.9 billion, supported by a healthy net margin of nearly 28.4%. Financial health remains a core strength for the company. As of its December 2025 balance sheet, the debt-to-equity ratio was 0.0x, indicating the company has virtually no debt relative to its equity. The current ratio was approximately 4.9x, and free cash flow reached nearly $2.5 billion. Note that stock-based compensation accounted for roughly 26.0% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement. Risk profile comparisonAbbott Laboratories faces several headwinds, including product liability and legal exposure related to its infant formula and spinal cord stimulators. The $20 billion in debt incurred to acquire Exact Sciences has also significantly increased its total indebtedness, reducing financial flexibility and increasing its sensitivity to interest rate changes. Furthermore, the company remains under intense regulatory scrutiny from the FDA regarding its manufacturing and marketing claims. Intuitive Surgical must navigate complex global regulations and potential delays in regulatory reviews for its new products. The company is also vulnerable to cybersecurity threats that could compromise its connected surgical systems or patient data privacy. Additionally, the robotic-assisted surgery market is increasingly competitive, and consolidation among healthcare providers could lead to downward pressure on system pricing and profit margins. Valuation comparisonAbbott Laboratories offers a significantly lower entry point based on sales and future earnings estimates compared to the premium valuation assigned to Intuitive Surgical. MetricAbbott LaboratoriesIntuitive SurgicalSector BenchmarkForward P/E17.1x38.7x24.8xP/S ratio3.7x14.2xn/aSector benchmark uses the SPDR XLV sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers. Both of these companies appear to be good choices for a long-term investor’s portfolio. Both are leaders in their medical technology niches, and both have strong performance and growth potential. And although one may have slightly higher growth potential than the other, there are two other key differences driving investors’ choice. Intuitive Surgical is the maker of the da Vinci robotic surgery platform. It’s installed in over 7,500 hospitals worldwide, and this technology has treated more than 20 million patients. It trades at a premium valuation relative to the broader medical technology and healthcare sectors, largely driven by its “razor-and-blades” model of recurring revenue from the sale of its instruments and accessories. It also benefits from high switching costs. However, it does not pay a dividend. Abbott Laboratories is diversified. Its operations include pharmaceuticals, diagnostics, nutritional products, and medical devices. Its FreeStyle Libre continuous glucose monitoring system has driven growth in recent years, and its March 2026 acquisition of Exact Sciences represents another major expansion into cancer diagnosis. Abbott has a long track record of dividend increases, demonstrating it has the cash flow and stability to support them. Investors seeking higher growth potential may prefer Intuitive Surgical. But for those looking for steady growth and dividend income, Abbott Laboratories is the stock I would choose. |
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2026-07-01 21:24
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2026-07-01 15:21
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AB InBev Bolsters Position With Premiumization and Digital Expansion | FMP Stock News | |
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Key Takeaways BUD's digital platforms, including BEES and Ze Delivery, are expanding customer reach and engagement.BUD's B2B digital platforms contributed about 72% of revenues in Q1 2026, supporting growth.BUD's premium beer portfolio posted 11% revenue rise in Q1, led by Corona, Stella Artois and Michelob Ultra. In a fast-evolving beverage environment, Anheuser-Busch InBev SA/NV (BUD - Free Report) , also known as AB InBev, emerges as a distinctively positioned contender, strengthening its foothold in the global alcoholic beverage market. As a global brewing titan, AB InBev continues to dominate the industry through its expansive sourcing and distribution network, strategic focus on premiumization, accelerating digital transformation and consistent investment in brand equity.AB InBev continues to enhance its digital capabilities to deepen customer engagement, with a strong emphasis on digitizing and monetizing its ecosystem. The company is expanding its tech-driven platforms, particularly its B2B and e-commerce channels like BEES and Zé Delivery. BEES delivered a strong performance, generating $14.6 billion in gross merchandise value (GMV), up 15% year over year. Digital DTC megabrands, Zé Delivery, TaDa Delivery and PerfectDraft, served 12 million active consumers, generating $139 million in revenues in first-quarter 2026, with third-party sales through DTC marketplace reaching $41 million of GMV. The company’s digital transformation initiatives have been on track, with B2B digital platforms contributing about 72% to its revenues in first-quarter 2026. In DTC, BUD’s digital platforms enable a one-to-one connection with consumers, hence developing new occasions. Digital momentum is likely to continue and bolster the company’s overall revenues. Premiumization remains a key lever for AB InBev as consumers trade up within beer and it concentrates investment behind its megabrands. In first-quarter 2026, the above core beer portfolio delivered an 11% revenue increase, driven by Corona, Stella Artois and Michelob Ultra. Corona also increased volumes by double digits in 32 markets in the reported quarter, supporting a sustained premium mix contribution. The company has highlighted that its disciplined revenue management and strong portfolio of higher-priced brands support revenue per hl and margin resiliency over time. As AB InBev continues to activate global platforms such as major sports moments and scale premium brands across more markets, it has an opportunity to protect pricing power through the cycle. BUD’s Price Performance, Valuation and EstimatesAB InBev shares have gained 27.5% in the past six months compared with the industry’s 14.9% growth. Image Source: Zacks Investment Research From a valuation standpoint, BUD trades at a forward price-to-earnings ratio of 17.99X compared with the industry’s average of 15.38X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for BUD’s 2026 and 2027 earnings per share (EPS) indicates year-over-year growth of 16.1% and 11.5%, respectively. The company’s EPS estimates for 2026 have moved upward in the past seven days while that of 2027 have moved downward. Image Source: Zacks Investment Research AB InBev currently carries a Zacks Rank #3 (Hold). Stocks to Consider in the Consumer Staples SpaceThe Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Chefs' Warehouse current financial-year sales indicates growth of 8.3% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average. Nomad Foods Limited (NOMD - Free Report) , which manufactures and distributes frozen foods, currently carries a Zacks Rank #2 (Buy). The consensus estimate for Nomad Foods’ current financial-year sales is expected to rise 0.5% from the year-ago reported figure. NOMD delivered a trailing four-quarter earnings surprise of 8.6%, on average. Medifast, Inc. (MED - Free Report) , which is a leading manufacturer and distributor of clinically-proven healthy living products and programs, currently carries a Zacks Rank of 2. MED delivered an average earnings surprise of 65.5% in the last reported quarter. The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 26% from the year-ago number. |
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Bull v. Bear: Will NOW Became an AI Disruptor or be Disrupted? | FMP Stock News | |
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Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. ServiceNow (NOW) has taken a beating ever since the SaaS-pocalypse after investors expressed AI disruption fears. |
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2026-07-01 21:22
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2026-07-01 16:06
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STAG INDUSTRIAL TO REPORT SECOND QUARTER 2026 RESULTS JULY 28, 2026 | FMP Stock News | |
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, /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that the Company will release its second quarter 2026 operating and financial results after market close on Tuesday, July 28, 2026. The Company will host its quarterly earnings conference call on Wednesday, July 29, 2026, at 10:00 a.m. Eastern Time.The call can be accessed live over the phone toll-free by dialing (877) 407-4018, or for international callers, (201) 689-8471. A replay will be available shortly after the call and can be accessed by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the replay is 13761520. Interested parties also may listen to a simultaneous webcast of the conference call by visiting the Investor Relations section of the Company's website at www.stagindustrial.com, or by clicking on the following link: http://ir.stagindustrial.com/CorporateProfile About STAG Industrial, Inc. STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. As of March 31, 2026, the Company's portfolio consists of 601 buildings in 41 states with approximately 120.3 million rentable square feet. For additional information, please visit the Company's website at www.stagindustrial.com. Forward-Looking Statements This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2025, as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based. SOURCE STAG Industrial, Inc. |
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2026-07-01 21:19
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Plug Power Stock Edges Lower Despite Milestone Hydrogen Handover in Denmark | FMP Stock News | |
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Plug Power stock is under selling pressure. Why are PLUG shares declining? What Is Driving Plug Power’s Growth in Denmark?The recent spark for PLUG has been its progress in Denmark, where the company said it completed installation, commissioning, site acceptance testing and handover of a 5 MW GenEco PEM electrolyzer system at the Måde Power-to-X facility in Esbjerg, moving the site into active hydrogen production.At full capacity, Plug expects about 550 metric tons of green hydrogen per year (roughly 1,500 truckloads), with output certified as Renewable Fuel of Non-Biological Origin under the ISCC scheme. Plug has been leaning hard into "repeatable execution," highlighting a fully containerized design intended to reduce on-site complexity and accelerate production readiness, a message CEO José Luis Crespo has tied to more disciplined growth. Plug Power Stock: Key Levels To WatchFrom a longer-term trend view, the stock is trying to hold its base above the 200-day moving average ($2.62) but is still trading below the faster trend gauges—about 6.9% under the 20-day SMA ($2.86) and 17.7% under the 50-day SMA ($3.24). That setup often means rallies can run into overhead supply near those moving averages unless buyers can string together a few stronger closes. Momentum is best framed by MACD right now: it’s below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing unless it can reclaim that baseline. In plain terms, MACD compares shorter- and longer-term trend momentum, and being below the signal line usually means the push higher is losing steam. The crossover picture stays split, with the 20-day SMA below the 50-day SMA (bearish near-term structure) but the 50-day SMA still above the 200-day SMA, keeping the September 2025 golden cross intact. Zooming out, the stock remains in a wide 52-week range between $1.24 and $4.58, with April’s swing low and June’s swing high still framing the current consolidation. Key Resistance: $2.86 — the 20-day SMA is nearby and can act as the first "sell zone" if rebounds fade Key Support: $2.62 — the 200-day SMA is close and has been a key line-in-the-sand for the longer-term trend What Is Plug Power’s Green Hydrogen Strategy?Plug Power is building an end-to-end green hydrogen ecosystem, spanning production, storage, and delivery through to energy generation. The company’s strategy is to build and operate green hydrogen highways across North America and Europe. That’s why the Denmark handover is a meaningful data point: it’s a real operating proof that Plug can deliver electrolyzer projects into active production, not just announce them. Management has also been emphasizing a more repeatable, containerized design approach aimed at reducing on-site complexity and speeding time-to-production, which is central to rebuilding confidence after a volatile 12 months. Plug Power Stock Price Movement on WednesdayPLUG Stock Price Activity: Plug Power shares were down 1.85% at $2.66 at the time of publication on Wednesday, according to Benzinga Pro data. Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-07-01 21:16
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Devon Energy Schedules Second-Quarter 2026 Earnings Release and Conference Call | FMP Stock News | |
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July 01, 2026 16:05 ET | Source: Devon Energy CorporationOKLAHOMA CITY, July 01, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2026 results on Tuesday, August 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2026 results will be available on the company’s website at www.devonenergy.com. On Wednesday, August 5, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio anchored by our world-class position in the Delaware Basin, as well as high quality assets in the Anadarko Basin, Eagle Ford Shale, Marcellus Shale, Powder River Basin and Williston Basin. Devon’s disciplined capital allocation model is designed to achieve strong returns, generate resilient free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. |
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Franklin Resources, Inc. to Announce Third Quarter Results on July 31, 2026 | FMP Stock News | |
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-SAN MATEO, Calif.--(BUSINESS WIRE)--On Friday, July 31st at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time. In addition, Jenny Johnson, CEO; Matthew Nicholls, Co-President, CFO and COO; and Daniel Gamba, Co-President and Chief Commercial Officer, will lead a live teleconference at 10:00 a.m. Eastern Time to answer questions. Access to the teleconference will be available via investors.franklinresources.com or by dialing (+1) 877-407-0989 in North America or (+1) 201-389-0921 in other locations. A replay of the teleconference can also be accessed by calling (+1) 877-660-6853 in North America or (+1) 201-612-7415 in other locations using access code 13761569 after 2:00 p.m. Eastern Time on July 31, 2026 through August 7, 2026, or via investors.franklinresources.com. Analysts and investors are encouraged to review the Company's recent filings with the U.S. Securities and Exchange Commission and to contact Investor Relations at [email protected] before the live teleconference for any clarifications or questions related to the earnings release or written commentary. About Franklin Templeton Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. With $1.78 trillion in assets under management as of May 31, 2026, Franklin Templeton operates globally in more than 35 countries. To learn more, visit franklintempleton.com and follow us on LinkedIn. Franklin Resources, Inc. [NYSE: BEN] More News From Franklin Resources, Inc. Back to Newsroom |
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West Completes Sale and Transfer of the Manufacturing and Supply Rights for SmartDose® 3.5mL On-Body Delivery System | FMP Stock News | |
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, /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced the company completed the sale and transfer of the manufacturing and supply rights for SmartDose® 3.5mL On-Body Delivery System and associated facilities. The transaction closed as planned on July 1, 2026.West will continue to develop and manufacture all other versions of SmartDose, including SmartDose® 10mL On-Body Delivery System, adaptive technology for larger volumes. About West West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With over 10,000 team members across 50 sites, including 26 manufacturing facilities worldwide, West helps support our customers by delivering over 41 billion components and devices each year. Headquartered in Exton, Pennsylvania, West in its fiscal year 2025 generated $3.07 billion in net sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor's 500 index. For more information, visit www.westpharma.com. All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries, in the United States and other jurisdictions, unless otherwise noted. SOURCE West Pharmaceutical Services, Inc. |
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2026-07-01 15:35
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LCID DEADLINE: ROSEN, A LEADING LAW FIRM, Encourages Lucid Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - LCID | FMP Stock News | |
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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lucid Group, Inc. (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive (the “Class Period”), of the important July 28, 2026 lead plaintiff deadline. SO WHAT: If you purchased Lucid securities 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 Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join 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 July 28, 2026. 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 has achieved 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 billions 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on Lucid’s business and financial results; (3) accordingly, the defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or 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. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] www.rosenlegal.com |
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Upstart Holdings (UPST) Price Forecast: Breakout Signals Trend Reversal | FMP Stock News | |
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UPST weekly chart shows long-term trend reversal from bottom in process. Source: TradingView Technical Structure Favors the Bulls The subsequent formation of a symmetrical triangle consolidation pattern further strengthened the bullish technical outlook. All major moving averages were reclaimed, along with the downtrend line. Most recently, the pullback confirmed support near the downtrend line and the 20-day and 50-day moving averages. The two averages had converged near one another, reflecting price compression and the potential for an expansion in bullish momentum.Support Holds the Key to Higher Targets Since the initial triangle breakout signal occurred on Monday above $34.02, traders will be watching for the first pullback and a subsequent resumption of the trend. Key support is near the breakout zone and a decline to that area would be normal. However, if support holds above that level, followed by renewed buying pressure, it will indicate stronger demand. Conversely, a failure to hold support and a move back into the triangle would signal weakness. Initial upside targets begin with the 200-day moving average, currently near $38.92 and falling. Above that, a prior swing high at $41.64 from February marks the next resistance area, while the 78.6% Fibonacci retracement of the prior decline at $46.08 identifies the next upside target zone. Whether the breakout develops into a sustained advance will likely depend on how the stock behaves during its first meaningful pullback. Holding above the breakout zone would reinforce the bullish reversal signaled at the start of the week and increase the probability that a new intermediate-term uptrend is underway. |
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2026-07-01 21:13
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2026-07-01 16:00
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Vaxart Enters Cooperation Agreement with Stockholder Group and Announces Board and Corporate Governance Enhancements | FMP Stock News | |
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July 01, 2026 16:00 ET | Source: Vaxart, Inc.Company to Appoint Mutually Agreed Upon Independent Director; Forms Stockholder Engagement and Clinical and Regulatory Affairs Committees Stockholder Group Withdraws Director Nominations SOUTH SAN FRANCISCO, Calif., July 01, 2026 (GLOBE NEWSWIRE) -- Vaxart, Inc. (OTCQX: VXRT) (“Vaxart” or the “Company”), a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform, today announced a resolution to the proxy contest in connection with the Company’s 2026 Annual Meeting of Stockholders, reflecting a commitment to value creation, strong corporate governance and constructive engagement with stockholders. Vaxart will initiate a search for an additional independent director to be conducted within 90 days of the conclusion of the 2026 Annual Meeting. Pursuant to a cooperation agreement between the Company and stockholders Daniel P. Houle, Mark Silverberg, DDS, MD, Matthew M. Wallace, MD, Patrice Raffy, Marc Eustace Pereira and Q3 Nominees Pty Ltd. (the “Stockholder Group”), the Company will work with the Stockholder Group to identify a mutually agreeable candidate to be appointed to the Board. The Stockholder Group has also agreed under the cooperation agreement to withdraw the director nominations of Mr. Houle, Dr. Silverberg and Dr. Wallace in connection with the 2026 Annual Meeting. The cooperation agreement additionally provides for the formation of a Stockholder Engagement Committee and a Clinical and Regulatory Affairs Committee, Board committee refreshment, including the selection of new chairs for the Nominating and Governance and Compensation Committees, the adoption of director stock ownership and resignation policies, as well as certain customary standstill, voting, engagement and other provisions. “Vaxart is approaching a series of important value-inflection milestones, and these actions enable the Company to move forward with a unified focus on executing its strategy,” said W. Mark Watson, Lead Independent Director of Vaxart’s Board. “We appreciate the constructive dialogue with the Stockholder Group toward our shared goal of creating value and are pleased to resolve our proxy contest so we can dedicate our full resources and attention to advancing our pipeline with stockholder interests in mind. We believe these governance enhancements will reinforce the continuity of experienced oversight needed as Vaxart enters its next phase of growth.” The Stockholder Group commented, “We are pleased to have reached an agreement that enhances Vaxart’s corporate governance and engagement with stockholders. We have long believed in the potential of Vaxart’s science and differentiated oral vaccine platform. The actions announced today strengthen Board oversight and accountability and give us confidence that Vaxart is positioned to unlock significant value for stockholders.” The cooperation agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. Goodwin Procter LLP and Thompson Hine LLP are serving as legal advisors and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Vaxart. Olshan Frome Wolosky LLP is serving as legal advisor to the Stockholder Group. About Vaxart Vaxart is a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform. Vaxart vaccines are designed to be administered using pills that can be stored and shipped without refrigeration and eliminate the risk of needle-stick injury. Vaxart believes that its proprietary pill vaccine delivery platform is suitable to deliver recombinant vaccines, positioning the Company to develop oral versions of currently marketed vaccines and to design recombinant vaccines for new indications. Vaxart’s development programs currently include pill vaccines designed to protect against coronavirus, norovirus, and influenza, as well as a therapeutic vaccine for human papillomavirus (HPV), Vaxart’s first immune-oncology indication. Vaxart has filed broad domestic and international patent applications covering its proprietary technology and creations for oral vaccination using adenovirus and TLR3 agonists. Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” provisions created by those sections, that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Vaxart’s strategy, prospects, plans and objectives, results from preclinical and clinical trials, commercialization agreements and licenses, and beliefs and expectations of management are forward-looking statements. These forward-looking statements may be accompanied by such words as “should,” “believe,” “could,” “potential,” “will,” “expected,” “anticipate,” “plan,” “target,” “seek,” “intend,” “may,” “predict,” “project,” “would,” and other words and terms of similar meaning. Actual results or events could differ materially from the plans, intentions, expectations, and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Vaxart makes, including uncertainties inherent in research and development and other risks and uncertainties described in the “Risk Factors” sections of Vaxart’s most recent Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Vaxart undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Important Additional Information and Where to Find It Vaxart has filed a definitive proxy statement and form of white proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the 2026 Annual Meeting of Stockholders (the “Annual Meeting”). Stockholders are able to obtain the Company’s proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies are also available at no charge at the Company’s website at https://investors.vaxart.com/financials-filings/sec-filings. Investor Contact Michael Fein Campaign Management (855) 264-1527 Media Contact Aaron Palash / Adam Pollack Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 |
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Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK | FMP Stock News | |
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The logo for Robinhood Markets, Inc., is displayed on a screen during the company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. REUTERS/Brendan... Purchase Licensing Rights, opens new tab Read moreCompaniesJuly 1 (Reuters) - Robinhood (HOOD.O), opens new tab said on Wednesday it plans to launch crypto trading in the UK and broadened its perpetual futures offering in Europe beyond cryptocurrencies. Here are some details: Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here. Eligible European investors will now be able to trade perpetual futures tied to commodities, ETFs and foreign exchange markets, including gold, silver, crude oil and the euro-dollar pair, with leverage of up to 10 times and round-the-clock trading, the company said. Perpetual futures, commonly known as "perps," are futures contracts with no expiration date and have drawn significant attention in the U.S. after the CFTC in May permitted their trading on domestic exchanges. Separately, Robinhood said it plans to roll out crypto trading for the UK as it seeks to build an all-in-one investing platform for the region. The company also launched Robinhood Earn, a lending product that allows eligible U.S. users to lend their dollar-backed stablecoin, USDG, through a self-custody wallet at an estimated 7% annualized return. Robinhood Earn includes insurance for certain losses stemming from cyberattacks or smart-contract exploits, with the coverage arranged through Lloyd's of London and RELM. The company also announced its entry into Canada following its acquisition of WonderFi and said it had received a capital markets services licence in Singapore. The trading platform, which serves more than 28 million customers across 38 countries, has expanded into more financial services in recent years to reduce its reliance on trading activity. The company posted weaker-than-expected transaction revenue for the first quarter amid crypto-driven volatility. Reporting by Pragyan Kalita in Bengaluru; Editing by Leroy Leo Our Standards: The Thomson Reuters Trust Principles., opens new tab |
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Robinhood Stock Is Rising: What's Happening Behind The Scenes? | FMP Stock News | |
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Robinhood Markets stock is among today’s top performers. What’s behind HOOD gains? Robinhood Chain Goes LiveAlongside the network launch, the company said its tokenized stock offering is now fully operational, giving users in more than 120 countries the ability to trade equity tokens at any hour and plug them into lending and collateral applications.Robinhood also rolled out a lending product called Robinhood Earn, through which users can put its USDG stablecoin to work via a self-custody wallet and collect a projected annual return of 7%. Robinhood Live Event TodayRobinhood has stated it will present “The World is Flat,” a live event hosted at the historic Old Royal Naval College in London by CEO Vlad Tenev and SVP of Crypto and International Johann Kerbrat. The livestream will begin at 2 p.m. ET. June Trading VolumesThe product announcements build on a strong recent trading backdrop. Through June 25, Robinhood reported equity notional trading volumes of about $343 billion, options contracts traded of approximately 274 million and crypto notional trading volumes of about $14 billion for the month. Event contracts traded came in at approximately 5.2 billion. Full June operating data will be released alongside second-quarter earnings. HOOD Shares Are ClimbingHOOD Price Action: Robinhood shares were up 8.42% at $108.72 at the time of publication on Wednesday, according to Benzinga Pro. Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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Robinhood stock jumps on AI crypto tools and global expansion plans | FMP Stock News | |
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Robinhood HOOD shares surged 8% on Wednesday after the online brokerage unveiled a series of new products and international expansion initiatives aimed at broadening its presence in cryptocurrency trading and global financial services.The announcements, made during a live event in London, included new AI-powered cryptocurrency trading capabilities for US customers, expanded perpetual futures trading in Europe, and progress toward entering new markets including Canada, Singapore, and the United Kingdom. Johann Kerbrat, general manager of crypto and international at Robinhood, said the initiatives are designed to bring more investment products to customers outside the United States. "We want to extend this vision to the rest of the world," Kerbrat tells Barron's. In the United States, Robinhood introduced agentic cryptocurrency trading at no additional cost. The new feature allows customers to connect their own AI agents to Robinhood so those agents can execute cryptocurrency trades on their behalf. The launch builds on the company's rollout of agentic trading for stocks and options introduced last month. Robinhood also announced Robinhood Earn for eligible US customers, a lending service that enables users to lend the US dollar-pegged stablecoin USDG through a self-custody wallet. The company said the lending infrastructure is powered by the decentralized lending network Morpho. The brokerage also expanded its blockchain strategy by launching the main network for Robinhood Chain, which is designed to support real-world assets. Additionally, Robinhood introduced tokenized stocks that eligible customers can trade around the clock on Robinhood Chain. The company noted that stock tokens are not available in the United States or to US customers. Robinhood continued its international expansion with several announcements focused on Europe and Asia. In the European Union, the company expanded its range of perpetual futures contracts, allowing eligible customers to trade contracts linked to commodities, selected currencies, and exchange-traded funds, including gold, silver, and Invesco's Nasdaq-100 tracking QQQ ETF. Unlike traditional futures contracts, perpetual futures do not expire, allowing investors to maintain positions for longer periods. Robinhood also announced that it had received a capital markets services licence in Singapore, bringing it closer to launching brokerage services in the country. In Canada, the company is expanding its cryptocurrency offering following its acquisition of digital asset platform WonderFi. Robinhood said Canadian customers will receive zero crypto trading fees through Sept. 30. The company also revealed plans to launch cryptocurrency services in the United Kingdom. "We're very excited about that because only brokerage products have been available up until today," Kerbrat said. Analysts remain optimistic on growthRobinhood's latest product launches add to a broader strategy of expanding beyond its traditional brokerage business. According to a Zacks report, the company was the top-performing finance stock during the second quarter of 2026, supported by stronger retail trading activity and continued growth across equities, options, cryptocurrencies, and prediction markets. The report also highlighted Robinhood's efforts to diversify its business through AI-powered trading, wealth management, prediction markets, and payment products, creating additional opportunities for revenue growth. Analyst sentiment remains positive. According to Zacks, consensus earnings estimates for 2026 and 2027 have increased to $1.81 and $2.45 per share, respectively. While earnings are expected to decline 11.7% this year, forecasts call for growth of 35.2% in 2027. TipRanks data also reflects a favorable outlook, with 16 of 19 analysts rating Robinhood shares a Buy, while the remaining three recommend Hold, underscoring continued confidence in the company's long-term expansion strategy. |
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ConocoPhillips or Occidental Petroleum: Which Oil Stock Should You Buy Now? | FMP Stock News | |
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ConocoPhillips is a global oil giant with operations spanning 14 different countries. Occidental Petroleum recently sold off its chemical business and is pivoting toward high-tech carbon capture technologies. |
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Firefly Aerospace vs. Rocket Lab USA: Which Space Stock Is a Better Buy in 2026? | FMP Stock News | |
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The commercial space race is shifting into a high-stakes operational phase as satellite demand reaches new heights. Firefly Aerospace (FLY 3.50%) and Rocket Lab USA (RKLB 1.43%) offer two unique ways to play this trend.While both companies focus on orbital access, they are carving out different niches in the expanding space economy. Firefly is prioritizing rapid launch cycles and lunar services, while Rocket Lab is building a vertically integrated empire that includes satellite manufacturing and global communications. The case for Firefly AerospaceFirefly Aerospace provides launch services, lunar landers, and orbital vehicles for government and commercial customers. A primary component of its strategy is developing the Eclipse launch vehicle through an exclusive partnership with Northrop Grumman (NOC +2.09%). This collaboration aims to provide a domestic alternative for medium-lift missions. Customer concentration like this adds a layer of risk to the business, as the top five customers account for over 86% of revenue. In FY 2025, revenue was $159.9 million, representing a significant increase of approximately 135% compared to the prior year. Despite this rapid growth, the company reported a net loss of about $334 million. Firefly continues to expand its mission profile among defense stocks as it scales its launch operations. The current debt-to-equity ratio is 0.05%, which is total debt divided by shareholder equity. Free cash flow for FY 2025 was negative $237.8 million. This figure is calculated as cash flow from operations minus capital expenditures. The case for Rocket Lab USARocket Lab USA operates as an end-to-end space company providing launch services and satellite components. A major expansion occurred with the June 2026 announcement of its $8 billion acquisition of Iridium Communications (IRDM +1.59%). This move grants the company access to advanced satellite operations and proprietary L-Band spectrum. The company serves a diverse group of clients, including the U.S. Department of Defense, NASA, and commercial partners like Blacksky Technology (BKSY +2.94%). For FY 2025, revenue reached $601.8 million, a 38% increase over the previous year. The company reported a net loss of nearly $198.2 million during this period. These figures indicate that while revenue is growing, the company remains in a phase of significant net losses. The current debt-to-equity ratio is approximately 0.06x. This measures total debt relative to shareholder equity to show how much a company relies on borrowing. Free cash flow reached nearly negative $321.8 million in FY 2025. This metric represents cash flow from operations minus capital expenditures. Risk profile comparisonFirefly Aerospace faces intense customer concentration, with the majority of its revenue tied to just five major clients. Any contract cancellations or defaults from these partners could significantly impact the company's financial health. Operational reliability is also a concern, as seen with the flight anomaly during the April 2025 Alpha launch. Furthermore, the company must successfully integrate its recent acquisitions to manage the increasing complexity of its services. Rocket Lab faces substantial execution risk following its multi-billion-dollar acquisition of Iridium Communications. Integrating such a large entity could strain management resources and liquidity while potentially distracting from its core launch business. The company also remains heavily dependent on its Electron rocket, meaning any flight anomalies could pause revenue. Additionally, the strategic vision is closely tied to founder Peter Beck, making his leadership a key risk factor. Valuation comparisonFirefly Aerospace is cheaper based on its P/S ratio, which measures sales. Neither business is expected to post a profit for fiscal 2026, so there is no forward price-to-earnings ratio to consider. MetricFirefly AerospaceRocket Lab USASector BenchmarkForward P/En/an/a31.3xP/S ratio26.2x81.3xSector benchmark uses the SPDR XLI sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers. Firefly went public in an initial public offering last August at $45 a share. Shares have spent much of the past year below that mark, reflecting typical post-IPO volatility. More important is the company’s recent business success. Firefly Aerospace is the only private company to execute a successful lunar landing, achieving this in March 2025 with its Blue Ghost Mission I. The success of that effort has ingratiated Firefly with NASA, which sent 10 payloads to the Moon with last year’s mission. The company now plans annual missions to the Moon to deliver payloads for NASA as part of the agency’s aim to construct a permanent lunar base. Exciting stuff, and considering the attention the recent SpaceX IPO - Space Exploration Technologies Inc (SPCX 7.82%) — will bring to space businesses, that can only be another positive for FLY. While future projections are inherently speculative, Wall Street analysts expect Firefly to top $440 million this year and reach $1 billion in annual revenue in its fiscal 2028. Investing in a young company like Firefly Aerospace will likely bring some turbulence, but it offers rapid growth potential for those going along for the ride. Rocket Lab, meanwhile, just made a huge splash in the market with its proposed $8 billion acquisition of Iridium Communications. The combination promises to make Rocket Lab a space powerhouse, combining Rocket Lab’s launch technology and the communications spectrum offered by Iridium. In short, Rocket Lab could very well be SpaceX’s serious competitor. Don’t overlook Rocket Lab’s expertise in sending small payloads into orbit, and it is closing in on the same reusable rocket technology that SpaceX has used to lower its customer prices. Stand-alone Rocket Lab is seen boosting its revenue by about 33% this year and narrowing its net loss to about $145 milion. The Iridium acquisition is a big meal to swallow, but the combined business should generate $1.8 billion in revenue in 2026 and come close to breaking even, profit-wise. That gives the business a price-to-sales ratio of around 33, compared with SpaceX’s 115. Firefly is cheaper than both, with a price-to-sales ratio of 26.2 times. Both Firefly Aerospace and Rocket Lab are exciting space companies that promise significant growth. Rocket Lab’s audacious gambit to take on SpaceX makes it the pick for 2026. |
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2026-07-01 21:04
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2026-07-01 16:05
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Scorpio Tankers Inc. Announces Redemption of Nordic Bonds and a New Credit Facility | FMP Stock News | |
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July 01, 2026 16:05 ET | Source: Scorpio Tankers Inc.MONACO, July 01, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has issued a redemption notice for its 7.5% Senior Unsecured Notes due 2030 and received a commitment for a new credit facility. Redemption of 7.5% Senior Unsecured Notes The Company has issued a redemption notice to redeem its outstanding 7.5% Senior Unsecured Notes (the “Notes”). The Notes have an aggregate principal amount outstanding of $200 million, bear a coupon rate of 7.5% and were originally scheduled to mature in January 2030. The Notes are expected to be redeemed on July 17, 2026 at a make-whole price of 106.4 to par plus accrued but unpaid interest. New Credit Facility The Company has received a commitment from Standard Chartered Bank and DekaBank Deutsche Girozentrale for a credit facility of up to $90 million (the “Credit Facility”). The Credit Facility will be used to finance a portion of the purchase price of four scrubber-fitted MR newbuilding product tankers, which are currently under construction at Jingjiang Nanyang Shipbuilding Co., Ltd. in China with expected deliveries in 2026 and 2027. The Credit Facility has a final maturity of seven years from the delivery date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum. The terms and conditions of the Credit Facility, including financial covenants, are similar to those set forth in the Company’s existing credit facilities. The Credit Facility is subject to customary conditions precedent, and the execution of definitive documentation, and is expected to close within the third quarter of 2026. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 79 product tankers (29 LR2 tankers, 36 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements to sell one MR product tanker and four LR2 product tankers, which are expected to close in the third quarter of 2026. The Company has also reached agreements or letters of intent for six MR newbuildings that are currently under construction with deliveries expected in 2026, 2027 and 2030, four LR2 newbuildings with deliveries expected in 2027 and 2029 and two VLCC newbuildings with deliveries expected in 2028. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release. Forward-Looking Statements Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements. The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, the impact of the current and future sanctions that may impact the transportation of petroleum products, potential liability from pending or future litigation, general domestic and international political conditions, which have and may continue to disrupt certain global shipping routes, vessel breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties. Contact Information Scorpio Tankers Inc. James Doyle – Head of Corporate Development & Investor Relations Tel: +1 203-900-0559 Email: [email protected] |
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ADC Therapeutics Announces New Employee Inducement Grant | FMP Stock News | |
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, /PRNewswire/ -- ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that the Company has made a grant of options to purchase an aggregate of 17,000 of the Company's common shares to a new employee on July 1, 2026 ("Grant").The Grant was offered as material inducement to the employee's employment. The Grant was approved by the Compensation Committee of the Company's Board of Directors pursuant to the Company's Inducement Plan to motivate and reward the recipients to perform at the highest levels and contribute significantly to the success of the Company. The Grant was made in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08. The Company is issuing this press release pursuant to Rule 303A.08. The Grant shall vest and become exercisable 25% on the first anniversary of the grant date, and 1/48th of the aggregate number of shares subject to the award on each monthly anniversary of the grant date thereafter, such that the entire award will be vested as of the fourth anniversary of the grant date, subject to continued employment with the Company. About ADC Therapeutics ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), transforming treatment for patients through our focused portfolio with ZYNLONTA® (loncastuximab tesirine-lpyl). ADC Therapeutics' CD19-directed ADC ZYNLONTA received accelerated approval by the FDA and conditional approval from the European Commission for the treatment of relapsed or refractory diffuse large B-cell lymphoma after two or more lines of systemic therapy. ZYNLONTA is also in development in combination with other agents and in earlier lines of therapy. Headquartered in Lausanne (Biopôle), Switzerland, with operations in New Jersey, ADC Therapeutics is focused on driving innovation in ADC development with specialized capabilities from clinical to manufacturing and commercialization. Learn more at adctherapeutics.com and follow us on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terminology such as "may", "will", "should", "would", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "future", "continue", or "appear" or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to: whether future LOTIS-7 results will be consistent with or different from the prior disclosure, the timing, results and publication of the full LOTIS-7 trial; the adequacy of the LOTIS-5 clinical trial data to support full regulatory approval and our ability to maintain accelerated approval in the United States and foreign jurisdictions for our product; the timing, content and outcome of meetings with and feedback or other communications provided by regulatory authorities including U.S. FDA; the timing, submission and acceptance of an sBLA submission related to LOTIS-5 and potential approval; the actual and perceived benefit-risk profile for ZYNLONTA as studied in the LOTIS-5 trial; the assessment of the data from LOTIS-5 study, including additional analyses of outcomes observed for safety, efficacy and within key geographic regions and across certain patient sub-populations; the path for full regulatory approval for ZYNLONTA in the United States and foreign jurisdictions; our ability to identify and execute value-maximizing options and the cost and impact of such options; our expected cash runway into at least 2028; our ability to comply with the terms of our indebtedness; changes in our regulatory and commercial strategy; the Company's ability to sustain or grow ZYNLONTA® revenue in the United States and potential peak revenue; the ability of our partners to commercialize ZYNLONTA® in foreign markets, the timing and amount of future revenue and payments to us from such partnerships and their ability to obtain regulatory approval for ZYNLONTA® in foreign jurisdictions; the timing and results of the Company's clinical trials; the timing, publication and results of investigator-initiated trials including those studying FL and MZL and the potential regulatory and/or compendia strategy and the future opportunity; the timing and outcome of regulatory submissions for the Company's products or product candidates; actions by the FDA or foreign regulatory authorities; projected revenue and expenses; the Company's indebtedness, including HealthCare Royalty Management and Blue Owl and Oaktree facilities, and the restrictions imposed on the Company's activities by such indebtedness, the ability to comply with the terms of the various agreements and repay such indebtedness and the significant cash required to service such indebtedness; and the Company's ability to obtain financial and other resources for its research, development, clinical, and commercial activities; and the uncertainties of international trade policies, including tariffs, sanctions, trade barriers and most favored nation drug pricing and the potential impact they may have on our business, financial condition, and results of operations. Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements is contained in the "Risk Factors" section of the Company's Annual Report on Form 10-K and in the Company's other periodic and current reports and filings with the U.S. Securities and Exchange Commission. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or prospects to be materially different from any future results, performance, achievements or prospects expressed in or implied by such forward-looking statements. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. CONTACTS: Investors and Media Nicole Riley ADC Therapeutics [email protected] +1 862-926-9040 SOURCE ADC Therapeutics SA |
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Neurocrine Biosciences Initiates Phase 2 Study of Crinecerfont in Pediatric Patients Under 4 Years Old with Classic Congenital Adrenal Hyperplasia | FMP Stock News | |
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, /PRNewswire/ -- Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today announced the initiation of its Phase 2 clinical study to assess the safety and tolerability of crinecerfont in children aged 3 months to under 4 years with classic congenital adrenal hyperplasia (CAH). Crinecerfont, marketed as CRENESSITY®, is approved in the United States as an adjunctive treatment to glucocorticoid replacement to control androgens in adult and pediatric patients 4 years of age and older with classic CAH."Infants and young children with classic CAH face significant health challenges and are often exposed to high doses of glucocorticoids during critical periods of growth and development," said Sanjay Keswani, M.D., Chief Medical Officer, Neurocrine Biosciences. "The initiation of this Phase 2 study reflects our commitment to evaluating crinecerfont as a potential treatment option that could reduce the need for long-term supraphysiologic glucocorticoid use and help mitigate the associated risks in this vulnerable, very young population." CAH is typically identified at or shortly after birth and can lead to life-threatening adrenal crises due to the underlying adrenal insufficiency, as well as androgen excess and consistent dosing of supraphysiologic glucocorticoids – complications for which there are no approved therapies in children under 4 years of age. Neurocrine is conducting this pediatric study under an FDA Pediatric Written Request. The Phase 2 open-label, single-arm study consists of a 24-week treatment period with a primary objective of assessing the safety and tolerability of crinecerfont in 20 participants aged 3 months to under 4 years with classic CAH. Secondary objectives include evaluation of the pharmacokinetics and pharmacodynamic effects of crinecerfont on hormone biomarkers. This study is expected to support a planned supplemental New Drug Application to expand the approved U.S. indication to include patients less than 4 years of age. Additional information about the trial, including eligibility criteria, can be found at ClinicalTrials.gov. Separately, Neurocrine achieved target enrollment for a Phase 2 study in the European Union to evaluate the safety and tolerability of crinecerfont in children from birth to under 2 years of age with classic CAH. For more information, visit ClinicalTrials.gov. Crinecerfont was approved by the U.S. Food and Drug Administration in 2024, marking the first therapeutic advancement in more than 70 years for patients with classic CAH. It is a potent and selective oral corticotropin-releasing factor type 1 receptor (CRF1) antagonist that reduces elevated adrenocorticotropic hormone (ACTH) secretion at the source and the resulting downstream excess adrenal androgens through a non-GC mechanism. About Congenital Adrenal Hyperplasia Congenital adrenal hyperplasia (CAH) is a rare genetic condition that results in an enzyme deficiency that alters the production of adrenal steroid hormones, such as cortisol, aldosterone and adrenal androgens. Severe enzyme deficiency leads to an inability of the adrenal glands to produce enough cortisol and, in approximately 75% of cases, aldosterone. Because individuals with CAH are typically still able to produce androgens, the unused precursors that would normally be used to make cortisol instead result in the production of excess amounts of androgens. If left untreated, CAH can result in adrenal crisis and even death. Exogenous glucocorticoids (GCs) are necessary to correct the endogenous cortisol deficiency, but historically, doses higher than those needed for cortisol replacement (supraphysiologic) have been used to lower the elevated levels of adrenocorticotropic hormone (ACTH) and adrenal androgens. However, GC treatment at supraphysiologic doses has been associated with serious and significant complications of steroid excess, including metabolic issues such as weight gain and diabetes, cardiovascular disease and osteoporosis. Additionally, long-term treatment with supraphysiologic GCs may have psychological and cognitive impacts, such as changes in mood and memory. Adrenal androgen excess has been associated with abnormal bone growth and development in pediatric patients, female health problems such as excess facial hair growth and menstrual irregularities, in addition to cardiometabolic and fertility issues in both sexes. The symptoms of high ACTH may include testicular adrenal rest tumors (TARTs). About CRENESSITY® (crinecerfont) CRENESSITY is a potent and selective oral corticotropin-releasing factor type 1 receptor (CRF1) antagonist that reduces and controls excess adrenocorticotropic hormone (ACTH) and adrenal androgens through a non-glucocorticoid (GC) mechanism for the treatment of classic congenital adrenal hyperplasia (CAH). Antagonism of CRF1 receptors in the pituitary has been shown to decrease ACTH levels, which in turn decreases the production of adrenal androgens and potentially the symptoms associated with CAH. The robust clinical study data demonstrate that lowering adrenal androgen levels with CRENESSITY enables lower, more physiologic dosing of GCs to replace missing cortisol. CRENESSITY comes in capsules and an oral solution. For adults 18 years of age and older, the recommended dosage is 100 mg twice daily taken orally with a meal. For pediatric patients 4 to 17 years of age weighing less than 55 kg (121 lbs), the recommended dosage is based on body weight and is administered twice daily, taken orally with a meal. For pediatric patients weighing more than 55 kg (121 lbs), the recommended dosage is 100 mg twice daily taken orally with a meal. Healthcare providers can work with patients to determine the appropriate formulation for use depending on patient needs. Patients receiving CRENESSITY should continue GC therapy for cortisol replacement. Important Information Approved Uses CRENESSITY® (crinecerfont) is a prescription medicine used together with glucocorticoids (steroids) to control androgen (testosterone-like hormone) levels in adults and children 4 years of age and older with classic congenital adrenal hyperplasia (CAH). IMPORTANT SAFETY INFORMATION Do not take CRENESSITY if you: Are allergic to crinecerfont, or any of the ingredients in CRENESSITY. CRENESSITY may cause serious side effects, including: Allergic reactions. Symptoms of an allergic reaction include tightness of the throat, trouble breathing or swallowing, swelling of the lips, tongue, or face, and rash. If you have an allergic reaction to CRENESSITY, get emergency medical help right away and stop taking CRENESSITY. Risk of Sudden Adrenal Insufficiency or Adrenal Crisis with Too Little Glucocorticoid (Steroid) Medicine. Sudden adrenal insufficiency or adrenal crisis can happen in people with congenital adrenal hyperplasia who are not taking enough glucocorticoid (steroid) medicine. You should continue taking your glucocorticoid (steroid) medicine during treatment with CRENESSITY. Certain conditions such as infection, severe injury, or shock may increase your risk for sudden adrenal insufficiency or adrenal crisis. Tell your healthcare provider if you get a severe injury, infection, illness, or have planned surgery during treatment. Your healthcare provider may need to change your dose of glucocorticoid (steroid) medicine. Before taking CRENESSITY, tell your healthcare provider about all of your medical conditions, including if you: are pregnant or plan to become pregnant, or are breastfeeding or plan to breastfeed. Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins and herbal supplements. The most common side effects of CRENESSITY in adults include tiredness, headache, dizziness, joint pain, back pain, decreased appetite, and muscle pain. The most common side effects of CRENESSITY in children include headache, stomach pain, tiredness, nasal congestion, and nosebleeds. These are not all the possible side effects of CRENESSITY. Call your healthcare provider for medical advice about side effects. You are encouraged to report negative side effects of prescription drugs to the FDA. Visit MedWatch at www.fda.gov/medwatch or call 1-800-FDA-1088. Dosage Forms and Strengths: CRENESSITY is available in 50 mg and 100 mg capsules, and as an oral solution of 50 mg/mL. Please see full Prescribing Information. About Neurocrine Biosciences, Inc. Neurocrine Biosciences is a leading biopharmaceutical company with a simple purpose: to relieve suffering for people with great needs. We are dedicated to discovering, developing and commercializing life-changing treatments for patients with under-addressed neurological, psychiatric, endocrine and immunological disorders. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, chorea associated with Huntington's disease, classic congenital adrenal hyperplasia, hyperphagia in patients with Prader-Willi syndrome, endometriosis* and uterine fibroids*, as well as a robust pipeline including multiple compounds in mid- to late-phase clinical development across our core therapeutic areas. For more than three decades, we have applied our unique insight into neuroscience and the interconnections between brain and body systems to treat complex conditions. We relentlessly pursue medicines to ease the burden of debilitating diseases and disorders, because you deserve brave science. For more information, visit neurocrine.com, and follow the company on LinkedIn, X, Facebook and YouTube. (*in collaboration with AbbVie) NEUROCRINE, the NEUROCRINE BIOSCIENCES Logo, YOU DESERVE BRAVE SCIENCE and CRENESSITY are registered trademarks of Neurocrine Biosciences, Inc. Forward-Looking Statements In addition to historical facts, this press release contains forward-looking statements that involve a number of risks and uncertainties. These statements include, but are not limited to, statements regarding our future development plans with respect to crinecerfont; the efficacy and therapeutic potential of crinecerfont in children aged 3 months to under 4 years with classic congenital adrenal hyperplasia (CAH); and the value and benefits CRENESSITY brings to adults and pediatric patients 4 years of age and older with CAH. Factors that could cause actual results to differ materially from those stated or implied in the forward-looking statements include, but are not limited to, the following: risks that clinical development activities may not be initiated or completed on time or at all, or may be delayed for regulatory, manufacturing, or other reasons, may not be successful or replicate previous clinical trial results, may fail to demonstrate that our product candidates are safe and effective, or may not be predictive of real-world results or of results in subsequent clinical trials; risks that regulatory submissions for our product candidates may not occur or be submitted in a timely manner; our future financial and operating performance; risks associated with our dependence on third parties for development, manufacturing, and commercialization activities for our products and product candidates, and our ability to manage these third parties; risks that the FDA or other regulatory authorities may make adverse decisions regarding our products or product candidates; risks that the potential benefits of the agreements with our collaboration partners may never be realized; risks that our products, and/or our product candidates may be precluded from commercialization by the proprietary or regulatory rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; risks associated with U.S. federal or state legislative or regulatory and/or policy efforts which may result in, among other things, an adverse impact on our revenues or potential revenue; risks associated with potential generic entrants for our products; and other risks described in the Company's periodic reports filed with the Securities and Exchange Commission, including without limitation the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2026. Neurocrine Biosciences disclaims any obligation to update the statements contained in this press release after the date hereof other than required by law. © 2026 Neurocrine Biosciences, Inc. All Rights Reserved. SOURCE Neurocrine Biosciences, Inc. |
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Targa Resources: Growth And Cash Flow Inflection Support The Rally | FMP Stock News | |
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5.56K FollowersAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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Williams Appoints Billy Helms and Robb Turner to Board of Directors | FMP Stock News | |
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that its Board of Directors has appointed Lloyd W. “Billy” Helms, Jr. and Robb E. Turner as independent directors on the Board, effective July 1, 2026.Helms brings more than 40 years of energy industry experience, most recently serving as president of EOG Resources, Inc., one of the largest exploration and production companies in the United States. During his career working across multiple divisions at EOG, he held several senior positions of increasing responsibility including chief operating officer from 2017 to 2023. Turner has more than 35 years of energy operations, corporate finance and public and private equity and debt investment experience. He is chairman of The Madava Group and Revenant Energy and previously co-founded ArcLight Capital Partners, where he helped oversee investment, asset management, strategic planning and operations across the energy sector. “We are pleased to welcome Billy and Robb to the Williams Board of Directors,” said Stephen W. Bergstrom, chairman of the Williams Board of Directors. “Williams is well positioned to support significant growth underway as demand for clean, reliable and affordable energy continues to increase. As we advance our natural gas-focused strategy, disciplined governance and experienced oversight remain central to our ability to create durable long-term value. Billy’s deep operational and technical experience across the energy sector and Robb’s broad background in energy operations, corporate finance and public and private energy investments will add valuable perspectives to the Board as we continue serving our customers, communities and shareholders.” With the appointment of Helms and Turner, the Williams Board of Directors consists of 12 members, 11 of whom are independent. About Billy Helms Lloyd W. “Billy” Helms, Jr. has more than 40 years of oil and gas industry experience, including more than 15 years in executive leadership roles. He most recently served at EOG Resources, Inc., where he held several senior positions of increasing responsibility, including president from October 2021 to May 2024, chief operating officer from December 2017 to December 2023, executive vice president, exploration and production from August 2013 to December 2017, executive vice president, operations from February 2012 to August 2013, vice president and general manager of the Calgary, Alberta office from March 2008 to February 2012, and vice president, engineering and acquisitions from September 2006 to March 2008. In these roles, Helms led significant operational, technical, engineering and acquisition-related functions across EOG’s business. Helms joined the SM Energy Board of Directors in January 2026 upon the closing of the merger with Civitas Resources, Inc. and served on its Audit Committee. He currently serves as chair of the Operations and EHS Committee and as a member of the Compensation Committee. He previously served as an independent director of Civitas Resources. Helms holds a Bachelor of Science degree in petroleum engineering from Texas Tech University. About Robb Turner Robb E. Turner is chairman of The Madava Group, a holding company with interests in private and public energy companies, real estate and consumer food products, and has more than 35 years of energy operations, corporate finance and public and private equity and debt investment experience. He currently serves as chairman of Revenant Energy, an East Texas natural gas upstream company, and previously served as chairman of Crowheart Energy prior to its sale to Williams Companies. Through his Madava family office, Turner has made 15 private energy investments since 2017 across upstream, midstream, natural gas pipelines, terminals and metal trading, successfully exiting 14 of those investments. Prior to Madava, Turner was senior partner and co-founder of ArcLight Capital Partners, a leading power and energy private equity firm, where he helped oversee investment, asset management, strategic planning and operations for ArcLight and its funds. During his career at ArcLight, the firm raised six funds and invested more than $17 billion of private equity across the energy sector. Before co-founding ArcLight in 2001, Turner held senior positions at Wall Street firms advising on buyouts, corporate finance structures, and mergers and acquisitions. Prior to his business career, Turner served as an officer in the United States Army as a combat engineer. Turner earned a Bachelor of Science in engineering from the U.S. Military Academy at West Point and a Master of Business Administration from Harvard Business School. About Williams Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably and responsibly meeting growing energy demand. We use our infrastructure to deliver one third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future. Learn more at www.williams.com. Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC. |
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Travel + Leisure Co. To Report Second Quarter 2026 Financial Results on July 22, 2026 | FMP Stock News | |
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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it will release second quarter 2026 financial results on Wednesday, July 22, 2026, before the market opens, followed by a conference call at 8:30 a.m. EDT. Michael D. Brown, President and CEO, and Erik Hoag, CFO, will discuss the Company's financial performance and business outlook.Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company's website at travelandleisureco.com/investors, or by dialing 877-733-4794 ten minutes before the scheduled start time. For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's website for 90 days beginning at 12:00 p.m. EDT on July 22, 2026. About Travel + Leisure Co. Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The Company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the Company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com. More News From Travel + Leisure Co. |
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TEN Ltd. Announces Second LNG Carrier Order in Hyundai Heavy Industries | FMP Stock News | |
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July 01, 2026 16:05 ET | Source: Tsakos Energy Navigation20-vessel newbuilding program on schedule Shuttle tanker Anfield DP to be delivered in July 2026 in South Korea $3.5 billion in minimum secured revenues ATHENS, Greece, July 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG operator, today announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea, with expected delivery in the first quarter of 2029. With this order, TEN’s newbuilding program reaches 20 vessels, the first of which, the Anfield DP, a DP2 Shuttle tanker, is scheduled for delivery in late July 2026 with a minimum 10-year employment to a U.S. oil major, which, through extension options could stretch to 20 years. “We are delighted to expand our presence in the ever-evolving LNG sector, a market we are actively participating in since 2007. The growing global energy demand fueled by geopolitical developments has increased the need for LNG as an alternative source,” Mr. George Saroglou, TEN’s President & COO stated. ABOUT TEN LTD. Founded in Bermuda in 1993 and celebrating 33 years as a public company, 24 of which on the NYSE, TEN is one of the first and most established public shipping companies in the world. TEN's diversified pro-forma energy fleet currently consists of 83 vessels, in excess of 11 million dwt. FORWARD-LOOKING STATEMENTS Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For further information, please contact: Company Tsakos Energy Navigation Ltd. George Saroglou President & COO +30210 94 07 710 [email protected] Investor Relations / Media Capital Link, Inc. Nicolas Bornozis /Markella Kara +212 661 7566 [email protected] |
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CMS Energy Announces Polly Harris as Vice President of Human Resources | FMP Stock News | |
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, /PRNewswire/ -- CMS Energy announced today that Polly Harris has been named vice president of human resources, effective July 20.Harris was previously with Union Pacific Railroad, where she served most recently as vice president of human resources. She brings more than two decades of human resources experience to the table. She launched her career with John Deere, grew her expertise during three years with Conagra Brands, and has spent the last 18+ years dedicated to supporting the team at Union Pacific. She holds a bachelor's degree from the University of Iowa and an M.B.A. from the University of Phoenix. Additionally, she completed the Advanced HR Executive Program through the Michigan Ross School of Business. "Polly is an experienced HR executive and talent strategist with a strong background in enterprise transformation, culture, workforce engagement and HR operations," said Shaun Johnson, CMS Energy's executive vice president, chief legal & administrative officer. "She helped lead people strategy for a large, union and salaried workforce, and her experience includes championing a holistic culture of employee well-being, driving safe and healthy operational environments, talent management, workforce planning, succession, engagement, compensation and benefits, employee relations, organizational design, and culture transformation. We are excited for her to bring her talent and experience to our company." CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses. SOURCE CMS Energy |
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Unum Group Promotes Andrew Walker to Executive Vice President, Chief Customer Operations Officer | FMP Stock News | |
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CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) has promoted Andrew Walker to Executive Vice President, Chief Customer Operations Officer. In this role, Walker will continue to lead the company's Customer Operations organization, overseeing the teams, capabilities and transformation efforts that support how Unum Group shows up for customers, partners and the businesses it serves. “Andrew has quickly made an impact by strengthening the way we serve customers and run our operations,”. |
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Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend | FMP Stock News | |
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Sixty-four consecutive quarters of increased quarterly cash dividend on its common stock July 01, 2026 16:01 ET | Source: Bank OZKLITTLE ROCK, Ark., July 01, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.48 per share, up $0.01, or 2.13% from the prior quarter. The common stock dividend is payable on July 20, 2026 to shareholders of record as of July 13, 2026. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last sixty-four quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering May 15, 2026 through, but excluding August 15, 2026. The Series A Preferred Stock dividend is payable on August 17, 2026, to the holders of record of the Series A Preferred Stock at the close of business on August 3, 2026. Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji. GENERAL INFORMATION Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in more than 265 offices in nine states including Arkansas, Georgia, Florida, Texas, North Carolina, Tennessee, New York, California and Mississippi and had $41.7 billion in total assets as of March 31, 2026. For more information, visit ozk.com. Investor Relations Contact:Jay Staley (501) 906-7842Media Contact: Michelle Rossow (501) 906-3922 |
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ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages The Ensign Group, Inc. Investors to Inquire About Securities Class Action Investigation - ENSG | FMP Stock News | |
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New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Ensign Group, Inc. (NASDAQ: ENSG) resulting from allegations that Ensign may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Ensign securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/the-ensign-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On June 8, 2026, Investing.com published an article entitled "Ensign Group stock tumbles after short seller report." The article stated that Ensign shares fell after "short seller Hunterbrook released a report alleging the nursing home operator's business model relies on inadequate patient care and gaming quality metrics." Further, the article stated that Hunterbrook "published findings from a five-month investigation claiming the company's profits depend on understaffing facilities while routing taxpayer dollars to executives and affiliates. The report alleges patients have suffered and died as a result." On this news, Ensign's shares fell 8.15% on June 8, 2026. 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. 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 has achieved 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 billions 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. 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. ------------------------------- To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303630 Source: The Rosen Law Firm PA Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs. Contact Us |
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CHX DEADLINE NOTICE: ROSEN, A LONGSTANDING FIRM, Encourages ChampionX Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important July 14 Deadline in Securities Class Action - CHX | FMP Stock News | |
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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) --WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024, inclusive (the “Class Period”), of the important July 14, 2026 lead plaintiff deadline. SO WHAT: If you sold ChampionX 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 ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join 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 July 14, 2026. 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 handle 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 has achieved 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 billions 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 throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX’s average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share. To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or 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. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] www.rosenlegal.com |
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Kentucky American Water Shares Wise Water Tips for Hot Summer Weather | FMP Stock News | |
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, /PRNewswire/ -- With summer here and Kentucky currently experiencing an extended heat wave, Kentucky American Water reminds customers of simple steps they can take to use water more efficiently and manage their water bills. From adjusting your watering schedule to fixing household leaks, every drop counts.Here are some wise water tips for use inside and outside the home: Water early in the morning, later in the day and even at night to minimize evaporation. As much as 30 percent of water can be lost by watering during midday. Make use of rainwater by collecting it in rain barrels for use on outdoor plants and gardens. Check sprinkler heads to help ensure water isn't being wasted on pavement or unwanted areas. Use a broom instead of a hose to clean patios, driveways and sidewalks. Mulch garden beds to retain moisture and prevent weeds. A 2-inch to 3-inch layer is typically effective. Set your mower blades higher. Grass cut to 2.5 to 3.5 inches is more drought-resistant and healthier overall. Check for leaks. Even small leaks can waste thousands of gallons of water each year. Ten percent of homes have leaks that can waste 90 gallons or more per day. Kentucky American Water customers can monitor water usage through MyWater, the company's customer self-service portal which provides up to two years of usage data. MyWater also contains information about budget billing, customer assistance programs and more. For more tips and resources, visit Kentucky American Water's Wise Water Use page. About American Water American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram. About Kentucky American Water Kentucky American Water, a subsidiary of American Water with approximately 150 dedicated employees, provides safe, clean, reliable and affordable water and wastewater services to approximately 550,000 people. For more information, visit Kentucky American Water's website and join Kentucky American Water on Facebook, X and Instagram. SOURCE American Water |
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Missouri American Water Files Rate Request Driven by Approximately $1.6 Billion in Investments to Provide Safe, Clean, Reliable and Affordable Service | FMP Stock News | |
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Request supports continued infrastructure investments in water and wastewater systems serving more than 1.7 million people in 30 counties, /PRNewswire/ -- Missouri American Water today filed a request with the Missouri Public Service Commission (MoPSC) for new rates to support approximately $1.6 billion in water and wastewater system investments from June 2025 through May 2028. The request reinforces the company's commitment to implementing critical system upgrades and continuing to improve water quality and reliability for its more than 1.7 million people served statewide. "We strategically plan and invest in our water and wastewater systems to help ensure they continue meeting the needs of our customers and communities," said Rich Svindland, President of Missouri American Water. "These investments strengthen service reliability and enhance water quality—from treatment to tap—while reflecting our employees' ongoing commitment to the health and safety of the communities we proudly serve." The proposed rate change will support the company's continuing infrastructure investments from June 2025 to May 2028 to modernize and strengthen its water and wastewater systems in communities across Missouri. These investments will include the replacement of approximately 140 miles of aging water and wastewater pipeline, upgrading of storage tanks, wells, pumping stations, hydrants, meters and wastewater plants, as well as ongoing replacement of lead service lines and improvements to treatment facilities to address regulatory requirements, including PFAS and other contaminants of emerging concern. Investments include: St. Louis County: The relocation and replacement of the South Plant intake at a higher elevation mitigates flood risk, while raw water pump replacements, emergency power generation and replacement of aging pump components improve operating efficiency and reduce service disruptions during extreme weather. Jefferson City: Construction of a new filter and chemical feed building renews critical infrastructure past its useful life and enhances water quality and treatment efficiency. St. Joseph: Water treatment plant expansion including a new clarifier and filters, rehabilitation of treatment units and upgrades to chemical feed system improves service reliability, safety, and efficiency. Joplin: Construction of a new carbon feed system, well site treatment upgrades and filter backwash improvements will increase safety and help maintain consistent water quality and service reliability. Wastewater Treatment Investments: Treatment equipment upgrade, lift station construction and treatment enhancements will improve treatment reliability and efficiency, while helping to meet environmental compliance. If the company's proposed rates are approved as filed with the MoPSC today, the water bill for the average residential customer in St. Louis County using 5,900 gallons per month would increase by approximately $23 per month. The water bill for the average residential customer outside of St. Louis County using 4,500 gallons per month would increase by about $15 per month. The request updates residential wastewater rates to support continued investment with modest increases for lower usage customers and larger adjustments that help align higher-usage and unmetered customers with the cost of service. Missouri American Water remains committed to affordability and offers programs to assist income-eligible customers, including its H2O Help to Others assistance program, budget billing options and flexible payment plans. More details can be found on the company's customer service webpage. To learn more about Missouri American Water's rate filing, click here. To learn more about pipe replacement projects in your community, visit missouriamwater.com > News & Community > Public Maps > Pipe Replacement Map. The rate request is the first step in an extensive MoPSC review process that can take up to 11 months. Customers will have multiple opportunities to provide input, including submitting written comments and attending public input hearings scheduled by the MoPSC. All rate changes require MoPSC approval. If approved, the company's new rates could take effect in June 2027. About American Water American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram. About Missouri American Water Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state with over 700 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.7 million people. For more, visit missouriamwater.com and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn. AWK-IR SOURCE American Water |
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AppLovin to Announce Second Quarter 2026 Results | FMP Stock News | |
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-PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin Corporation, (NASDAQ: APP) (“AppLovin” or the “Company”) the leading marketing platform, today announced it will report financial results for the second quarter ended June 30, 2026 on Wednesday, August 5, 2026 after the U.S. stock market closes. An accompanying webinar will take place at 2:00 PM PT / 5:00 PM ET on August 5, 2026 during which management will discuss the Company’s quarterly results and provide commentary on business performance. The webinar will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Matthew Stumpf, Chief Financial Officer. The webinar may be accessed on the Company’s website at: https://investors.applovin.com or via webinar registration. A replay of the webcast will also be available under the Events & Presentations section of the Company’s Investor Relations website. About AppLovin AppLovin makes technologies that help businesses of every size connect to their ideal customers. The company provides end-to-end advertising solutions for businesses to reach, monetize and grow their global audiences. For more information about AppLovin, visit: www.applovin.com. Source: AppLovin Corp. More News From AppLovin Corp. Back to Newsroom |
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2026-07-01 16:33
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Talos Energy Announces Pricing of Offering of $800 Million of Second-Priority Senior Secured Notes due 2034 | FMP Stock News | |
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, /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has priced an offering (the "Offering") of $800 million in aggregate principal amount of new 8.000% Second-Priority Senior Secured Notes due 2034 (the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending Gulf of America acquisition (the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 9.000% Second-Priority Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), and (iii) pay related fees and expenses. The Offering is expected to close on or about July 13, 2026, subject to customary closing conditions.If the Acquisition is not consummated on or before December 31, 2026, if the Company notifies the trustee of the New Notes that it will not pursue the consummation of the Acquisition, or if the third-party preferential right to purchase certain assets subject to the Acquisition is exercised, then an aggregate of $175 million principal amount of the New Notes will be subject to a "special mandatory redemption" at a redemption price equal to 100% of the principal amount of the New Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. It is expected that the New Notes will be guaranteed on a senior basis by Talos and certain of the Company's existing and future subsidiaries and will initially be secured on a second-priority basis by substantially the same collateral as the Company's existing first-priority obligations under its senior reserves-based revolving credit facility. The New Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States only in compliance with Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of the New Notes or any other security of the Company, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2029 Notes. ABOUT TALOS ENERGY Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. INVESTOR RELATIONS CONTACT Kyle Sahni [email protected] CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This communication contains "forward-looking statements" within the meaning of U.S. Private Securities Litigation Reform Act of 1995. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements, including, but not limited to, statements regarding the expected closing of the Offering and the intended use of the net proceeds therefrom, and the pending Acquisition. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ability to consummate the Acquisition on the terms currently contemplated, risks and uncertainties related to economic, market or business conditions, satisfaction of customary closing conditions related to the Offering, and the other risks discussed in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC"), our Quarterly Reports on Forms 10-Q filed with the SEC and our other filings with the SEC, all of which can be accessed at the SEC's website at www.sec.gov. Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication. SOURCE Talos Energy |
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CVLT IMPORTANT DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Commvault Systems, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - CVLT | FMP Stock News | |
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New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: New York, N.Y., July 1, 2026. Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Commvault Systems, Inc. (NASDAQ: CVLT) between April 29, 2025 and January 26, 2026, inclusive (the "Class Period"), of the important July 17, 2026 lead plaintiff deadline.SO WHAT: If you purchased Commvault securities 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 Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join 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 July 17, 2026. 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 handle 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 has achieved 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 billions 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 provided overwhelmingly positive statements while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Commvault's ARR growth environment; pertinently, Commvault knew or recklessly disregarded that its ARR growth guidance failed to properly factor in crucial variables, such as the type of sale. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join or 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. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] www.rosenlegal.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303633 Source: The Rosen Law Firm PA Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs. Contact Us |
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First Horizon Bank Names Jason Triplett Western NC Area President in the Mid-Atlantic Region | FMP Stock News | |
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, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today that Jason Triplett, Head of Commercial Banking, has been named Western North Carolina Area President for the Mid-Atlantic Region. He will report to Laura Bunn, Mid-Atlantic Regional President, and be responsible for leading community banking and associate and community engagement while expanding the bank's market share across Western North Carolina, including Asheville, Boone, Hickory and Lenoir.Jason Triplett, First Horizon Bank "Since joining First Horizon, Jason's deep local ties and community involvement have made a clear impact. His vision will be key to extending the reach of First Horizon Bank in Western North Carolina and helping clients and associates thrive," said Laura Bunn, Mid-Atlantic Regional President for First Horizon. "As Western North Carolina Area President and a long-time resident, I'm honored to lead a team committed to strengthening relationships with our clients, associates and community partners, and to supporting our clients' goals and investing in the communities we call home," said Jason Triplett, Western North Carolina Area President for First Horizon Bank. Triplett's commitment to Western North Carolina is also evident through his dedication to community service. He currently serves on the Board of Advisors for Appalachian State University's Department of Finance, Banking and Insurance, the Board of Directors of the NC Housing Finance Agency and is a Boone Chamber Advocacy Task Force member. About First Horizon First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com. SOURCE First Horizon Bank |
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AEO Inc. Announces CFO Transition | FMP Stock News | |
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PITTSBURGH--(BUSINESS WIRE)--American Eagle Outfitters, Inc. (NYSE: AEO) today announced that after 25 years of service, Mike Mathias, Executive Vice President - Chief Financial Officer will transition to serve as a full-time non-executive strategic advisor to Jay Schottenstein, Executive Chairman of the Board and Chief Executive Officer, effective August 3, 2026.Ravi Thanawala will succeed Mathias as Executive Vice President - Chief Financial Officer, also effective August 3, 2026. To ensure a seamless leadership transition, Mathias will collaborate closely with Thanawala through the remainder of AEO’s 2026 fiscal year and continue supporting Schottenstein through July 30, 2027. “I want to extend my immense appreciation to Mike for his exceptional leadership and dedicated service. Mike’s history with AEO runs incredibly deep. He began his career with the company in 1998, and though his professional journey took him elsewhere for a time, his love for AEO’s brands and people ultimately brought him back in 2017, where his significant impact led to his promotion to CFO in 2020. Throughout his tenure, he has successfully guided our organization through a rapidly evolving retail landscape and a period of significant growth, which is why I’ve asked Mike to step into the role of strategic advisor to me. Mike’s financial expertise and strategic foresight have been instrumental in strengthening the foundation of our business, driving long-term value and positioning AEO for a bright future,” said Jay Schottenstein. Schottenstein continued, “We are pleased to welcome Ravi Thanawala to the executive team. His extensive retail background, dynamic leadership style and proven track record of delivering operational excellence for consumer-facing brands will position us well for long-term success.” "I am incredibly proud of the financial and operational milestones we have achieved during my time as CFO,” said Mike Mathias. “I want to thank Jay, the Board of Directors and my colleagues for their partnership and extend my appreciation to our exceptional finance team for their dedication and resilience. I leave the finance function in highly capable hands, backed by the deep bench strength of our talented leaders–and I have full confidence in AEO’s continued momentum in the marketplace as I support a smooth transition.” Incoming Executive Vice President - Chief Financial Officer, Ravi Thanawala said, “American Eagle Outfitters, Inc. has been a premier specialty retailer for generations with longstanding market leadership, and I am honored to step into the role as CFO. I have long admired AEO's powerful portfolio of beloved lifestyle brands, including American Eagle and Aerie, as well as the disciplined financial foundation and strong operational framework that Jay, Mike and the team have established. My immediate priority is working with Mike to ensure a seamless transition that maintains organizational momentum. Looking ahead, I am excited to partner with Jay and leadership to accelerate long-term strategic initiatives, maintain financial discipline and unlock new avenues for profitable growth that will help to maximize value for our shareholders.” In addition, AEO today reaffirmed its second quarter and full-year 2026 financial guidance, as previously announced in its earnings release on May 28, 2026. About Ravi Thanawala Ravi Thanawala was appointed the Chief Financial Officer and President, North America of Papa John’s International, Inc. in November 2025 after serving as Chief Financial Officer and EVP, International since September 2024. Thanawala also served as Papa John’s Interim Chief Executive Officer from March 2024 to August 2024, after joining the company as Chief Financial Officer in July 2023. He previously held the role of Chief Financial Officer of Nike North America at Nike, Inc. from June 2020 to July 2023. From 2018 to 2020, Thanawala also served as the Global VP and CFO of the Converse brand. In addition, he was the Global VP of Retail Excellence from 2016 to 2018. Prior to Nike, Inc., Thanawala spent eight years at ANN INC. with progressively increasing responsibilities in finance and operations. He served in the finance leadership role for LOFT; led ANN INC’s Asia operations, global logistics and international trade based in Hong Kong; and rose to the position of CFO of the ANN INC. business, a subsidiary of Ascena Retail Group, Inc. About American Eagle Outfitters, Inc. American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer with a portfolio of beloved apparel brands including American Eagle, Aerie, OFFL/NE by Aerie, Todd Snyder and Unsubscribed. Rooted in optimism, inclusivity and authenticity, AEO’s brands empower every customer to celebrate their unique personal style by offering casual, comfortable, timeless outfitting and high-quality products that are made to last. AEO Inc. operates stores in the United States, Canada and Mexico, with merchandise available in more than 30 countries through a global network of license partners. Additionally, the company operates a robust e-commerce business across its brands. For more information, visit aeo-inc.com. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This release and related statements by management contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which represent management’s expectations or beliefs concerning future events, including, without limitation, expected results for the second quarter and full-year fiscal 2026. Words such as “outlook,” "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," “may,” “potential,” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. All forward-looking statements made by the company are inherently uncertain because they are based on assumptions and expectations concerning future events and are subject to change based on many important factors, some of which may be beyond the company’s control. Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise and even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. The following factors, in addition to the risks disclosed in Item 1A., Risk Factors, of our Annual Report on Form 10-K for the fiscal year ended January 31, 2026 and in any other filings that we may make with the Securities and Exchange Commission, in some cases have affected, and in the future could affect, the company's financial performance and could cause actual results to differ materially from those expressed or implied in any of the forward-looking statements included in this release or otherwise made by management: the risk that the company’s operating, financial and capital plans may not be achieved; our inability to anticipate fluctuations in customer demand and respond to changing consumer preferences and fashion trends and to manage our inventory commensurately; the seasonality of our business; our inability to achieve planned store financial performance and gain market share in the face of declining shopping center traffic or attract customers to our stores; our inability to react to raw material cost, labor and energy cost increases; our inability to respond to changes in e-commerce and leverage omni-channel capabilities; our inability to execute on our key business priorities; our inability to expand internationally; difficulty with our international merchandise sourcing strategies; the impact that foreign trade issues, including import tariffs and other trade restrictions imposed by the U.S., China or other countries have had, and may continue to have, on our product costs, as well as continued uncertainty with respect to tariffs and other trade restrictions, the possibility that product costs may be affected by other foreign trade issues, such as currency exchange rate fluctuations, increasing prices for raw materials, supply chain issues, the potential for a trade war, political instability or other reasons; challenges with information technology systems, including safeguarding against security breaches; changes to U.S. or other countries' trade policies and tariff and import/export regulations, and global economic, public health, social, political and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits, which could have a material adverse effect on our business, results of operations and liquidity. The use of the “company,” “AEO,” “we,” "us," and “our” in this release refers to American Eagle Outfitters, Inc. More News From American Eagle Outfitters, Inc. |
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Mohawk Industries, Inc. Invites You to Join its Second Quarter Earnings Conference Call | FMP Stock News | |
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July 01, 2026 16:15 ET | Source: Mohawk Industries, Inc.CALHOUN, Ga., July 01, 2026 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries’ (NYSE: MHK) Second Quarter 2026 earnings release on Thursday, July 30, 2026, you are invited to listen to the conference call that will be broadcast live on Friday, July 31, 2026, at 11:00 am ET. What:Mohawk Industries’ Second Quarter 2026 Earnings Conference Call When:July 31, 2026 11:00 am ET Where:https://www.mohawkind.com Select “Investors” tab How:Live via the Internet – Log on at ir.mohawkind.com/investor-overview Register for the conference call at https://dpregister.com/sreg/10209987/10448bdd21c Live Conference Call: Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (International) For those unable to listen at the designated time, the call will remain available for replay through August 28, 2026, by dialing 1-855-669-9658 (U.S./Canada) or 1-412-317-0088 (International) and entering Replay Access Code 9372095. The call will be archived and available for replay for one year under the “Investors” tab of mohawkind.com. ABOUT MOHAWK Over the past two decades, Mohawk Industries has transformed its business into the world’s largest flooring company with leading positions in North America, Europe, South America and Oceania. Mohawk’s vertically integrated manufacturing and distribution operations provide a competitive advantage in the production of ceramic tile, carpet and laminate, wood, vinyl and hybrid flooring products. Mohawk’s industry-leading innovation has yielded designs and performance enhancements that differentiate its collections in the marketplace and satisfy all residential and commercial remodeling and new construction requirements. The Company’s brands are among the most recognized and respected in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex. Contact: Mohawk Industries, Inc. Joe Ahlersmeyer, CFA Vice President – Finance & Investor Relations [email protected] |
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California Water Service Completes Acquisition Of Palm Mutual Water Company | FMP Stock News | |
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SAN JOSE, Calif., July 01, 2026 (GLOBE NEWSWIRE) -- Following its agreement to acquire Palm Mutual Water Company (Palm Mutual) in May 2025 and subsequent approval by the California Public Utilities Commission, California Water Service (Cal Water) has completed the purchase of Palm Mutual’s water system assets and will now begin serving its customers through Cal Water’s Bakersfield District.The Palm Mutual system serves an estimated 250 residents through 63 residential customer connections and is located just two miles from Cal Water’s Northeast Bakersfield Treatment Plant. Cal Water already serves Palm Mutual through a master meter interconnection, since Palm Mutual did not own or operate its own sources of supply. Cal Water plans to upgrade the system’s infrastructure over time to help support long-term water quality and reliability. “We believe everyone should have access to safe, clean, reliable, and affordable water and that bringing Palm Mutual’s water system into our Bakersfield District will help its customers have the high-quality water they need for their everyday use and emergencies, both now and into the future,” said Martin A. Kropelnicki, Cal Water Chairman and CEO. “We welcome Palm Mutual’s customers to California Water Service and look forward to serving them.” Cal Water, the largest subsidiary of California Water Service Group (NYSE: CWT), is regulated by the CPUC, which approved the acquisition in December 2025. Cal Water’s Bakerfield District already serves about 445,600 people through approximately 120,000 service connections in its own system and the City of Bakersfield water system, which it operates. About California Water Service California Water Service provides high-quality, reliable water utility services to more than 2.1 million people statewide through 500,000 service connections. Cal Water’s purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s 1,200 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The utility, commemorating a century of service this year, has been named one of “America’s Most Responsible Companies” and one of the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work®. More information is available at www.calwater.com. This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management's beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions, are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Cal Water’s expectations regarding operating and investing in the Palm Mutual system. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to, our ability to integrate the business and operate the Palm Mutual water system in an effective and accretive manner as well as those described under the section entitled "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q, and our other Securities and Exchange Commission filings. In light of these risks, uncertainties, and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Yvonne Kingman, 310-257-1434 |
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Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 23 | FMP Stock News | |
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MICHIGAN CITY, Ind., July 01, 2026 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 23, 2026 to review its first quarter 2026 financial results.The Company’s Second quarter 2026 news release will be published after markets close on Wednesday, July 22, 2026. It will be available at investor.horizonbank.com. Participants may access the live conference call on July 23, 2026 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 1-833-974-2379 from the United States and Canada, or 1-412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Please dial in approximately 10 minutes prior to the call. A telephone replay of the call will be available approximately one hour after the end of the conference call through August 23, 2026. The telephone replay may be accessed by dialing 1-855-669-9658 from the United States and Canada, or 1-412-317-0088 from other international locations and entering the access code 6151989. About Horizon Bancorp, Inc. Horizon Bancorp, Inc. (NASDAQ: HBNC) is the $6.4 billion-asset (as of December 31, 2025) commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com. Contact:John R. Stewart Chief Financial OfficerPhone:219-814-5833 |
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Advisory for Thursday, July 30: Edison International to Hold Conference Call on Second Quarter 2026 Financial Results | FMP Stock News | |
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--(BUSINESS WIRE)--Edison International (NYSE: EIX): WHAT: Second Quarter 2026 Financial Results WHEN: Thursday, July 30, 2026, 1:30-2:30 p.m. (PT) NUMBERS: 888-673-9780 — for callers in the U.S. 312-470-0178 — for international callers PASSCODE Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through August 13, 2026, at 6 p.m. (PT) at the following numbers: 800-685-6667 — for callers in the U.S. |
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First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call | FMP Stock News | |
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-BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Thursday, July 23, 2026. A conference call for investors is scheduled for Friday, July 24, 2026, at 9:30 a.m. Eastern (7:30 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 833-461-5787; the Meeting ID is 544 064 138. To participate via the Internet, visit www.FIBK.com. A webcast replay will be available approximately two hours after the end of the conference call by visiting https://events.q4inc.com/attendee/544064138. The call will also be archived on the Company’s website, www.FIBK.com. About First Interstate BancSystem, Inc. First Interstate BancSystem, Inc. is a financial services holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank proudly delivering financial solutions across Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming. A recognized leader in community banking services, First Interstate is driven by strong values as well as a commitment to delivering a rewarding experience to its employees, strong returns to shareholders, exceptional products and services to its clients, and resources to the communities it serves. More information is available at www.FIBK.com. Category: Earnings News More News From First Interstate BancSystem, Inc. Back to Newsroom |
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Associated Bank's AI Academy returns with expanded focus on AI, financial literacy and career readiness | FMP Stock News | |
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Expanded program helps students build essential technology, financial and workforce skills through flexible, self-paced learning, /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the launch of the second year of its AI Academy, an innovative summer learning program designed to introduce middle school and high school students to artificial intelligence, financial literacy and digital skills. Building on insights gained from a successful pilot program in 2025, the academy will offer a more flexible, self-paced learning experience for students. Associated Bank AI Academy Developed by Associated Bank in partnership with the Boys & Girls Clubs of Greater Milwaukee and powered by Skillsoft, the program equips students with foundational knowledge of artificial intelligence while helping them understand how technology is shaping the future of work, finance and everyday life. Student recruitment began the week of June 22 at numerous Boys & Girls Clubs of Greater Milwaukee locations, like Davis, Daniels-Mardak, Fitzsimonds, Hillside and Mary Ryan. Learning content began June 29. "Artificial intelligence is rapidly transforming the world around us, and we believe students should have opportunities to develop the skills and understanding needed to navigate that future," said Terry Williams, executive vice president and chief information officer. "The success of last year's pilot reinforced the importance of creating accessible, engaging learning experiences that help students explore emerging technologies while also building financial confidence and critical thinking skills." The 2026 AI Academy features three learning journeys designed to meet students where they are in their understanding of artificial intelligence and financial literacy. Participants will complete self-assessment that places them into the learning path best suited to their current knowledge level. Students will complete one journey during the summer, progressing through weekly content modules released each Monday. Topics include: What is artificial intelligence and how it works AI in games, social media and entertainment Machine learning fundamentals Data analysis and predictive thinking Financial literacy and budget awareness AI's role in finance and business Online safety and digital responsibility Ethical considerations surrounding AI Content is delivered through short, interactive modules that students can access anytime and anywhere using mobile-friendly technology. Depending on the learning level, students will engage with approximately 90 minutes to two hours of content each week. "The evolution of this year's program reflects what we learned from students and families during our pilot," said Williams. "By creating an on-demand experience, we're giving participants greater flexibility while maintaining a structured learning journey that encourages continued engagement throughout the summer." Associated AI and HR experts collaborated with Skillsoft to customize learning tracks and ensure age-appropriate content for middle school learners. An experienced educator also reviewed the curriculum to confirm alignment with student learning needs and developmental stages. Participants will earn digital badges and achievements as they progress through the program and will continue to receive "AB Bucks" incentives for completing coursework, skill gains, engaging in optional content and participating in a pitch event at the academy's conclusion. The program will culminate in a "Student Pitch Showcase" event later this year, providing participants with an opportunity to demonstrate what they have learned. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com. Media Contact: Andrea Kozek Vice President | Senior Manager, Public Relations 920-491-7518 | [email protected] SOURCE Associated Banc-Corp |
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First American Title Senior Vice President Pam Forrester Named a HousingWire 2026 Women of Influence Honoree | FMP Stock News | |
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SANTA ANA, Calif.--(BUSINESS WIRE)--First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced that Pam Forrester, senior vice president of Lender Division operations, was honored as one of HousingWire’s 2026 Women of Influence. HousingWire's editorial selection committee selects Women of Influence winners based on their professional achievements within their organizations and contributions to the industry, community outreach, client impact and personal success.“Pam's leadership has helped shape the future of mortgage technology, while creating lasting value for our customers, our team, and our industry. She has an exceptional ability to turn bold ideas into meaningful results." Share “Pam's leadership has helped shape the future of mortgage technology, while creating lasting value for our customers, our team, and our industry,” said Todd McGowan, Ph.D., president of First American’s Lender Division. “She has an exceptional ability to turn bold ideas into meaningful results, all while investing in the growth of those around her. This recognition is a well-deserved reflection of the impact she has made throughout her career.” Forrester has earned a reputation as a visionary leader whose influence extends well beyond her organization to the broader mortgage industry. Through more than 30 years of innovation, operational excellence, and servant leadership, she has transformed how lenders and servicers manage critical document and servicing processes, while actively developing future leaders and championing opportunities for women across the organization. “The Women of Influence award recognizes leaders whose decisions, expertise and vision have a meaningful impact on the housing industry,” said Clayton Collins, CEO of HousingWire. “This year's honorees are leading organizations, business lines and strategic initiatives that influence how housing professionals serve consumers, operate their businesses and respond to changing market conditions. They also represent the depth of talent and leadership women continue to bring to every corner of the housing economy. Their contributions continue to strengthen and advance the industry.” About First American Title Insurance Company First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.firstam.com/title. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.5 billion in 2025, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2026, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the eleventh consecutive year. More information about the company can be found at www.firstam.com. |
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ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND | FMP Stock News | |
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, /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.34 per share. Payment of the July dividend will be made on July 29, 2026, to shareholders of record at the close of business on July 16, 2026.About Alamo Group Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas. Forward Looking Statements This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars, and the effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date. SOURCE Alamo Group Inc. |
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ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Peabody Energy Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - BTU | FMP Stock News | |
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New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Peabody Energy Corporation (NYSE: BTU) between October 14, 2024 to May 4, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026.SO WHAT: If you purchased Peabody Energy 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 Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/join 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 August 24, 2026. 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. 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 has achieved 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 billions 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 provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy's Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine's expected first quarter 2026 output ahead of Peabody Energy's full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/join or 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. ------------------------------- To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303652 Source: The Rosen Law Firm PA Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs. Contact Us |
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