Track market-moving stories before they get noisy

Vertex Pharmaceuticals Incorporated maintains a dominant, monopoly position in cystic fibrosis, driving highly predictable, recurring revenue and justifying its valuation premium. VRTX is leveraging its CF cash flows to expand into pain, hematology, and renal franchises, with promising catalysts in each area, notably Pove for IgAN. Non-CF franchises are gaining traction, with Journavx and Casgevy contributing to revenue growth; renal (Pove) is positioned to become a major driver post-2027.

RICHMOND, Va.--(BUSINESS WIRE)--Advisory for quarterly earnings call.

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Back on December 27, 2025, we wrote about J.P. Morgan’s three overweight picks for 2026 with the highest implied upside: Bright Horizons Family Solutions (NYSE: BFAM | BFAM Price Prediction), Celsius (NASDAQ: CELH), and GE Vernova (NYSE: GEV). At the halfway point of the year, the scoreboard tells a counterintuitive story. The pick with the lowest percentage upside, GE Vernova, has cleared its target. The two names J.P. Morgan flagged with the largest implied gains have moved in the other direction.

We compared each stock’s move since the original call to J.P. Morgan’s full-year 2026 target, weighing operational drivers, beat-and-raise cadence, and Wall Street’s current consensus. Counting down from worst to best:

3. Bright Horizons Family Solutions J.P. Morgan had a 2026 price target of $160 for this stock. Shares closed at $70.89 on June 29, 2026, leaving it down 30.1% year to date. That is the deepest hole of the trio.

The Q4 2025 report looked fine on the surface, with adjusted EPS of $1.15 versus $1.12 consensus and revenue of $733.70 million. The problem: management disclosed plans to close 45 to 50 centers in 2026, nearly double the prior estimate, paired with $45.1 million in impairment and lease-termination charges. Multiple law firms initiated securities fraud investigations after the revision. Labor-market softness and enrollment pressure in full-service child care have hit the thesis hard, even as Back-Up Care generated more than $725 million in 2025 revenue.

Wall Street still carries an analyst target of $91.11, the forward P/E is 15x, and FY 2026 guidance calls for adjusted EPS of $4.90 to $5.10 on revenue of $3.075 billion to $3.125 billion. The setup is reset-to-recover, but the J.P. Morgan target looks out of reach without a clean operational quarter.

2. Celsius J.P. Morgan’s Celsius target was $68. Shares finished at $29.79 on June 29, 2026, down 34.9% since the beginning of the year. The frustrating part is that fundamentals are working. Q1 2026 delivered revenue of $782.62 million, up 137.7% year over year, beating consensus by 2.89%, with EPS of $0.41 versus the $0.293 estimate. Celsius reached a 20.9% dollar share of the U.S. energy drink category.

The market punished integration noise. Folding Alani Nu into PepsiCo’s distribution network compressed gross margin to 48.3% from 52.3%, Rockstar retail sales declined 13%, and a $24.6 million legal settlement accrual showed up in the quarter. CEO John Fieldly framed it as “a defining period for Celsius Holdings.”

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Wall Street still carries an analyst target of $58.52 with 20 Buy or Strong Buy ratings against zero Sell ratings, and the forward P/E has compressed to 19x. J.P. Morgan’s $68 target is roughly the old high-water target, and clearing it requires margin recovery to the low-50s that management has guided toward.

1. GE Vernova GE Vernova was the lowest-implied-upside pick of the three, and it is the runaway winner. J.P. Morgan’s $1,000 target has already been cleared: shares closed at $1,102.51 on June 29, 2026, up 68.7% year to date and 112.2% over the trailing year.

The driver is the AI and data-center power buildout. Q1 2026 revenue of $9.30 billion grew 15.8% year over year, with orders surging 71% organically to $18.30 billion. Electrification booked $2.40 billion in data-center equipment orders in Q1 alone, exceeding all of 2025. Backlog reached a record $150 billion in Q4 2025, and management is targeting 110-plus GW of combined gas turbine backlog and slot reservation agreements by year-end 2026. The 2026 guidance was raised again: revenue of $44.5 billion to $45.5 billion, adjusted EBITDA margin of 12% to 14%, and free cash flow of $6.5 to $7.5 billion.

CEO Scott Strazik said, “Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter.” The consensus analyst target of $1,211.72 is just above current levels, the forward P/E is 37x, and shares trade 7% below the 52-week high of $1,181.95. The thesis is intact; the easy money is already on the table.

The Halftime Verdict J.P. Morgan’s lowest-upside name carried the franchise. GE Vernova’s year-to-date move blew through the $1,000 price target, while Bright Horizons and Celsius, the two picks with the most implied upside, have undercut their targets by a wide margin. Secular tailwinds like AI-driven power demand can outrun even the most aggressive Wall Street price targets, while consumer and services names dependent on labor markets and brand integrations can stall regardless of how compelling the entry-point math looked in December.

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Contact [email protected] for any questions or corrections.

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its May 2026 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that seg.

Progress Chef brings enterprise-grade secure configuration management and governance to fleets of desktop AI supercomputers at scale

BURLINGTON, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Progress® Chef® platform now delivers enterprise lifecycle management and configuration capabilities for NVIDIA DGX Spark, enabling IT teams to securely provision, monitor and manage the desktop AI supercomputer at scale.

NVIDIA highlighted Progress Chef’s role in enabling enterprise management for DGX Spark earlier this month in its developer blog.

“DGX Spark is bringing powerful AI computing out of the data center and into the hands of developers across the enterprise,” said Sundar Subramanian, Executive Vice President and General Manager, Infrastructure Management at Progress Software. “As this new class of infrastructure scales, organizations must maintain confidence that every system remains secure, compliant and aligned with its intended state. Progress Chef provides the automation and governance needed to move quickly without losing operational control.”

NVIDIA DGX Spark delivers petaflop-class AI performance in a compact desktop system, combining advanced hardware with the NVIDIA AI software stack. Designed to put AI supercomputing directly in the hands of developers, DGX Spark enables teams to build, fine-tune and run AI models locally. As these systems expand across offices, research facilities, edge locations and regulated environments, enterprises must manage them with the same rigor as other critical infrastructure. NVIDIA identified Progress Chef as an enterprise manageability partner supporting DGX Spark deployments. 

Progress Chef enables IT and platform engineering teams to integrate DGX Spark into existing infrastructure operations and automate key lifecycle stages, including:

Consistent configuration: Establish and continuously maintain approved system configurationsFleet-wide visibility: Monitor system health, software inventory and configuration postureControlled maintenance: Orchestrate updates and operational changes across staged cohortsContinuous compliance: Detect configuration drift and validate adherence to security policiesGoverned automation: Enforce role-based access, approvals and auditable workflowsIncident response: Automate diagnostics and evidence collection across distributed systemsLifecycle management: Standardize processes from deployment through retirement NVIDIA DGX Spark Enterprise Manageability provides an operational framework spanning procurement, provisioning, monitoring, maintenance, incident response and retirement. Its agentless SSH execution model and standardized JSON output are designed to integrate with enterprise orchestration, monitoring, CMDB and security workflows. 

Progress Chef complements this framework by providing continuous convergence and governed orchestration across the fleet. Organizations can group systems into cohorts, introduce changes in controlled stages, detect drift and validate outcomes while preserving the flexibility developers need to experiment and innovate.

The support for NVIDIA DGX Spark further expands Progress’ infrastructure management capabilities into a fast-growing class of persistent AI infrastructure. It underscores Progress’ broader strategy to help organizations develop, deploy and manage AI securely and responsibly across their data, digital experiences and underlying infrastructure.

Pricing and Availability
Progress Chef Enterprise Management for NVIDIA DGX Spark is available immediately with an introductory pricing of $189 per year per system. For more information, visit Manage NVIDIA DGX Spark as Enterprise Infrastructure with Chef

About Progress Software  
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables customers to develop, deploy and manage responsible AI-powered applications and personalized digital experiences with agility and ease. Businesses of all sizes rely on Progress for the products, expertise and vision they need to turn AI disruption into a competitive advantage. Millions of developers and technologists at hundreds of thousands of organizations depend on Progress every day. Learn more at www.progress.com.

Progress, Chef and certain product names used herein are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and/or other countries. See Trademarks for appropriate markings. All rights in any other trademarks contained herein are reserved by their respective owners and their inclusion does not imply an endorsement, affiliation or sponsorship as between Progress and the respective owners.

Press Contact:            
Jeff Young
Progress Software
+1-800-477-6473
[email protected]

Michael Angelakis is one of a core group of co-CEO Brian Roberts's trusted advisers.

Comcast shares are soaring after the company announced plans to split its media and technology businesses.

Job gains were broad based while hourly earnings growth remains below three percent

ROCHESTER, N.Y., June 30, 2026 (GLOBE NEWSWIRE) -- The Paychex Small Business Jobs Index—a primary component of the monthly Paychex Small Business Employment Watch report—shows the pace of job growth among U.S. small businesses with fewer than 50 employees improved for the fourth consecutive month in June, matching its highest index level since August 2025 (99.83) and marking the first four-month consecutive increase since November 2020. While gains were broad based, increases across the West region (1.22 percentage points) and the Leisure & Hospitality sector (1.68 percentage points) helped drive the jobs index gains in June.

Meanwhile, hourly earnings growth for U.S. workers remains below three percent (2.80%). Weekly hours worked (0.14%) continued to trend positively for the fourth consecutive month, as weekly earnings growth in June reported 2.80%.

“The pace of small business job growth improved for a fourth consecutive month in June, matching its highest level since August 2025 and once again reinforcing the resilience of small businesses,” said John Gibson, Paychex president and CEO. “Broad-based momentum across most regions and many states, coupled with continued increases in weekly hours worked and earnings, signals steady demand for workers among small businesses as we move through summer.”

“The pace of employment growth across our overall client base improved again in June, with slightly stronger growth among those with 50 or more employees,” Gibson added.

Jobs Index and Wage Data Highlights

All regions increased their small business employment growth rate during the past quarter, with the largest three-month gain in the West (1.95 percentage points).All sectors improved their pace of small business employment growth during the past quarter, led by Leisure and Hospitality (1.69 percentage points). Education and Health Services topped sectors for small business job growth in June, while Leisure and Hospitality’s one-month surge from ranking sixth also helped lift industry’s jobs index level (99.55) to a two-year high.Indiana (101.46) reclaimed its role as the top state for small business employment growth, a position it has held for nine of the last 24 months.California’s jobs index (100.01) gained more than two percentage points during the past quarter to land above 100 in June – a first since March 2024.
About the Paychex Small Business Employment Watch
Since 2014, the Paychex Small Business Employment Watch has been a trusted source of employment trends for U.S. small businesses with fewer than 50 employees. The Employment Watch website offers interactive charts and historical data across the report’s two key components – the jobs index and wage data – as well as the methodology for both analyses. Visit the Bloomberg Terminals or subscribe to receive monthly alerts with the latest data.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) provides a comprehensive suite of expert-enabled technology and advisory solutions that help businesses manage HR, payroll, and benefits. Serving approximately 800,000 clients and paying 1 in 11 U.S. private sector workers, Paychex combines scale, trusted expertise, and innovation to help businesses succeed. Built on more than 50 years of workforce experience and one of the industry’s largest proprietary HR datasets, Paychex’s WISE agentic AI platform embeds intelligence directly into workflows to improve productivity, enhance decision-making, and deliver better outcomes. Learn more at paychex.com.

Media Contacts
Tracy Volkmann
Paychex, Inc.
Manager, Public Relations
(585) 387-6705
[email protected]
@Paychex

Erin McAward
ICR, Inc.
Account Director
[email protected]

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Integration of 2-10 and expansion with SkySlope have enhanced Frontdoor's real estate channel, supporting attach rate and organic growth despite macro headwinds. Frontdoor's pricing power, high retention, and non-warranty upsell growth drive a projected 5% revenue CAGR and improved EBITDA margin targets. Competitive threats, notably from Assurant, warrant caution; with shares at all-time highs and no near-term catalysts, I would wait for a better entry.

O'Reilly's extensive experience across healthcare compliance, risk management, regulatory oversight and payer operations expected to support Dario's continued expansion with health plans, employers and providers as Dario moves closer to care

O'Reilly's track record of leveraging advanced data analytics and AI in supporting value-based care strongly aligned with Dario's AI transition

, /PRNewswire/ -- DarioHealth Corp. (NASDAQ: DRIO) (the "Company", "DarioHealth" or "Dario"), a leader in AI-enabled digital health solutions, today announced the appointment of Sean O'Reilly to its Advisory Board. The appointment reflects Dario's continued focus on strengthening its strategic guidance as the Company advances its channel partner-led growth strategy and moves closer to care across the payer, provider and employer markets.

Mr. O'Reilly brings extensive healthcare compliance, risk management, regulatory oversight and legal experience across complex healthcare, insurance and clinical operations. He has led compliance programs supporting Medicare Advantage, Medicaid, employer group medical and specialty insurance, military healthcare, hospice and home health, value-based primary care and pharmacy benefit management organizations.

"Sean brings an exceptional combination of healthcare compliance leadership, operational and payer industry expertise, as well as M&A experience," stated Dario's Chief Executive Officer, Erez Raphael. "His perspective will be invaluable as we continue to expand Dario's relationships across the healthcare ecosystem, accelerate adoption of our AI-powered behavioral health and chronic multi-condition management platform, and move closer to care."

"Dario is operating in one of the most important areas of healthcare, where digital engagement, clinical impact, regulatory confidence and measurable value must come together," said Mr. O'Reilly. "The Company's platform is well aligned with the needs of health plans, providers and employers seeking scalable solutions that improve outcomes while supporting accountability and operational excellence. I look forward to working with Erez and the Dario team as the Company continues to expand its role across the healthcare ecosystem."

Prior to consulting in a prominent Healthcare Risk Management & Advisory practice, O'Reilly spent more than 13 years at Humana, including serving as Senior Vice President and Chief Compliance Officer, where he led enterprise compliance programs across Medicare Advantage, Medicaid, employer-sponsored health plans, pharmacy benefit management, home health, hospice, military healthcare and value-based care operations.

His experience leveraging advanced data analytics and AI to strengthen compliance oversight, operational performance and value-based care aligns closely with Dario's commitment to delivering measurable healthcare outcomes through innovative technology solutions.

Mr. O'Reilly is also a licensed attorney with a background in mergers and acquisitions. His work integrates privacy, ethics and technology-driven risk analysis to strengthen compliance culture, support operational integrity and enable strategic growth.

About DarioHealth Corp. (NASDAQ: DRIO)

DarioHealth Corp. (NASDAQ: DRIO) is a leading digital health company revolutionizing how people with chronic conditions manage their health through a user-centric, multi-chronic condition digital therapeutics platform. Dario's platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain and behavioral health.

Dario's user-centric platform offers people continuous and customized care for their health, disrupting the traditional episodic approach to healthcare. This approach empowers people to holistically adapt their lifestyles for sustainable behavior change, driving exceptional user satisfaction, retention and results and making the right thing to do the easy thing to do.

Dario provides its highly user-rated solutions globally to health plans and other payers, self-insured employers, providers of care and consumers. To learn more about Dario and its digital health solutions, or for more information, visit http://dariohealth.com.  

Cautionary Note Regarding Forward-Looking Statements

This news release and the statements of representatives and partners of DarioHealth Corp. related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when the Company's belief that Mr. O'Reilly's experience is expected to support the Company's continued expansion with health plans, employers and providers; the Company's belief that Mr. O'Reilly's appointment will strengthen its strategic guidance; the Company's expectation to continue advancing its channel partner-led growth strategy; the Company's future adoption of its AI-powered behavioral health and chronic multi-condition management platform; the Company's expectation to continue expanding its relationships across the healthcare ecosystem; the Company's expectation to continue expanding its role across the payer, provider and employer markets; the Company's belief its platform is well aligned with the needs of health plans, providers and employers; and the Company's belief its technology will continue to support measurable healthcare outcomes. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals, product demand, market acceptance, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks associated with the adequacy of existing cash resources. Additional factors that could cause or contribute to differences between the Company's actual results and forward-looking statements include, but are not limited to, those risks discussed in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned that actual results (including, without limitation, the timing for and results of the Company's commercial and regulatory plans for Dario™ as described herein) may differ significantly from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

DarioHealth Corporate Contacts

Michael Lipari
SVP Corporate Development
[email protected]
+1-201-785-6310

Rob Halpern
SVP Marketing
[email protected]

Logo- https://mma.prnewswire.com/media/1920436/DarioHealth_Logo.jpg

SOURCE DarioHealth Corp.

SAN JOSE, Calif., and DURHAM, N.C., June 30, 2026 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, and the North Carolina School of Science and Mathematics (NCSSM), the number one public high school in the United States, today announced the establishment of the Nutanix Endowed Professorship in Computer Science. This endowment is funded by a one-time corporate grant of $250,000 from Nutanix and is dedicated to expanding high-quality computer science education statewide. The endowment is expected to be matched by state dollars in late 2026.

The Challenge: Bridging the Rural Digital Divide

Access to robust technical learning pathways remains uneven across North Carolina, particularly within rural and underserved communities. While the state's Department of Public Instruction enacted a mandate requiring high school students to pass a computer science course to graduate, localized funding for essential teacher training remains severely restricted.

The newly established Nutanix Endowed Professorship in Computer Science directly addresses this critical gap by supporting NCSSM initiatives in teacher training and provision of systemic open-source educational resources in North Carolina.

Scalable Impact Through Virtual Learning

NCSSM Computer Science faculty provide high-level computer science instruction to public schools across North Carolina. By equipping students and educators with the skills required to integrate computational thinking into their academic journeys, this initiative is designed to create a cascading positive effect that reaches thousands of students well beyond NCSSM's physical campuses.

A primary vehicle for scaling this endowment’s impact across the state is NCSSM Connect, an innovative educational outreach program that uses synchronous, high-definition video conferencing to deliver real-time, interactive STEAM (Science, Technology, Engineering, Arts, and Math) courses directly to public high school classrooms statewide. By streaming directly into local schools, NCSSM Connect enables students in rural and economically disadvantaged communities to take honors and AP-level computer science courses that their local schools might not otherwise be able to offer.

Tech as a Force for Good

“The grant lifts up communities that have historically lacked access to critical STEAM disciplines and shape the next generation of digital leaders,” said Jennifer Lepird, Chief People Officer at Nutanix. “We believe that innovation thrives when everyone has a seat at the table. Supporting this endowment reflects our commitment to using technology as a force for good by expanding access to computer science education in North Carolina - a place where many of our employees live and work.”

The endowment builds upon Nutanix's global philanthropy program, Nutanix Spark, which focuses on building “Well Communities” and nurturing student interest in STEAM education. Nutanix has a substantial and well-established presence in Durham, North Carolina. The location serves as one of Nutanix’s primary East Coast hubs, anchoring its operations in the Research Triangle region. Through the Nutanix Endowed Professorship in Computer Science, the company aims to continue shaping the future technology workforce and expanding access to high quality computer science education in North Carolina.

“NCSSM has always focused on removing economic barriers to advanced STEAM education; no student pays tuition to attend our school. Nutanix’s leadership gift significantly amplifies that mission,” said Todd Roberts, Chancellor at NCSSM. “By tying this endowment to our open-source curriculum model, Nutanix is helping us provide students and teachers in every corner of North Carolina - especially those in under-resourced rural areas - with the training and tools they need at no cost to them.”

Charles Robinson Appointed as the Endowed Professor

Charles Robinson will serve as Nutanix Endowed Professor of Computer Science at NCSSM. He joined NCSSM in August 2019 as an Instructor of Computer Science after working within the Durham school system since 2012 as a technology technician, high school Career and Technical Education (CTE) teacher, and instructional assistant. He holds a master's degree in instructional technology from North Carolina Central University. While he initially taught in NCSSM's residential program, he now teaches exclusively through NCSSM Connect. In this role, he delivers honors curriculum including Introduction to Computer Science, Intro to Artificial Intelligence and Computational Thinking, and Connected Computing reaching some 100 remote high school students across North Carolina each year.

“Through NCSSM Connect, my absolute focus is on teaching high school students across North Carolina, virtually entering their local classrooms to provide rigorous computer science education,” said Charles Robinson, Nutanix Endowed Professor of Computer Science at NCSSM. “This funding ensures we can expand our reach, spark deep student engagement, and empower young minds to lead confidently and ethically in the modern digital economy.”

Deepening a Decade Long Partnership

NCSSM has relied on the Nutanix Cloud Platform for over ten years. As NCSSM has grown, including expanding its physical footprint and digital reach across North Carolina, the school’s Nutanix infrastructure has scaled right alongside it.

“As a proud partner for over a decade, NCSSM is thrilled to be a longtime Nutanix customer. For more than 10 years, we have trusted Nutanix hardware and software solutions to host the essential server infrastructure powering both our Durham and Morganton campuses. This generous donation further strengthens a partnership dedicated to providing a reliable digital foundation for the next generation of STEAM leaders.” - Justin Fleming, NCSSM Chief Information Officer

Future Outlook and Implementation Timeline

The endowment process is expected to be fully completed over the next three years. However, immediate implementation steps include:

Fall 2026 Curriculum: Beginning this fall, six NCSSM Connect courses will be taught by Nutanix Endowed Professor of Computer Science Charles Robinson.Teacher Training Pilots: In anticipation of the endowment funds becoming available, the Engineering and Computer Science Department will explore opportunities in the upcoming year to pilot computer science teacher training initiatives.Advanced AI Ecosystems: The endowment expands on NCSSM's existing technical ecosystem, which includes the Ryden Program for Innovation and Leadership in AI, helping ensure that foundational data science and ethical computer science training remain ahead of the curve.
NCSSM has a storied history of cultivating world-changing pioneers, from Carl Ryden, whose vision helped establish the school's AI programming, to legendary alumna Christina Koch '97, the record-breaking astronaut and crew member for the Artemis II mission. The Nutanix Endowed Professorship of Computer Science paves the way for the next generation of North Carolina students to follow in these historic footsteps.

For more details on the program and how public high schools can access these open-source resources, visit https://www.ncssm.edu/ncssm-connect.

About NCSSM

North Carolina School of Science and Mathematics is a world-class public high school with statewide reach empowering students with the skills and knowledge to design their future. Specializing in science, technology, engineering, and math, and embracing the humanities and fine arts, NCSSM is one school with two campuses and a host of statewide program offerings. It challenges talented high school juniors and seniors from across North Carolina through its Residential program on its original campus in Durham and on a new campus that opened in Morganton in 2022. NCSSM’s Online program, virtual Connect courses, and summer offerings extend its transformative impact to every corner of the state and to younger students. Founded in 1980 as the first of its kind, NCSSM has become the model for 18 such specialized schools around the globe and is a member of the 17-institution University of North Carolina System. Its 15,000-plus alumni include local and global leaders in medicine, technology, commerce, education, and the arts – a community of problem solvers who build a brighter future.

About Nutanix

Nutanix is a hybrid multicloud computing leader, offering organizations a unified software platform for running applications and AI and managing data anywhere. With Nutanix, organizations can simplify operations for traditional and modern applications, freeing them to focus on business goals. Trusted by more than 30,000 customers worldwide, Nutanix helps empower organizations to transform digitally and power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media.

© 2026 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. All other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Customer statements on results, benefits, savings or other outcomes depend on a variety of factors including their use case, individual requirements, and operating environments, and should not be construed to be a promise or obligation to deliver specific outcomes or as guarantees of future performance.

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NCSSM Nutanix Endowed Professorship Charles Robinson, Nutanix Endowed Professor of Computer Science at the North Carolina School of Scie...

, /PRNewswire/ -- Southern California Gas Co. (SoCalGas), a subsidiary of Sempra (NYSE: SRE), today announced that the cost the company pays for natural gas on behalf of residential and small business customers across the SoCalGas and San Diego Gas & Electric (SDG&E) service areas reached a five-year low for the March through May period in 2026, averaging 22.8 cents per therm1.

The billed price of natural gas declined steadily over the spring, dropping from 35.7 cents per therm in March to 16.9 cents in April and 15.9 cents in May1 – a 55% decline from March to May. These market trends, along with how natural gas is purchased and managed over time, contribute to the cost passed through to customers.

"At a time when many households are focused on managing their energy bills, this is a clear example of how natural gas remains a very affordable source of energy," said SoCalGas President (Interim) and Chief Operating Officer Rodger Schwecke.

System flexibility – including storage and access to multiple supply basins – helps manage costs by enabling lower-cost gas purchases and reducing exposure to higher-priced supply during periods of increased demand.

The spring cost decline also aligns with broader market trends. According to the U.S. Energy Information Administration, natural gas spot prices in California reached record lows in the first five months of 2026, driven in part by higher-than-average storage levels in the Pacific region and other market factors.

Natural gas is one of the lowest monthly household energy costs for Californians. It accounts for more than 60% of average household energy use, yet represents less than 30% of the total home energy bill. As outlined in SoCalGas's recently published Affordable Way for California report, the company's inflation‑adjusted residential natural gas rates declined by approximately 25% between 2000 and 2023.

The cost SoCalGas pays for natural gas on behalf of SoCalGas and SDG&E customers is passed through without markup, meaning lower market prices directly benefit customer bills. Other components of the bill, such as transportation, support the infrastructure needed to safely store and deliver natural gas to millions of homes and businesses across Southern California.

About SoCalGas

SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility growth business.  For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. 

Message funded by shareholders.

1 Southern California Gas Company, Tariff G‑CP Core Procurement Rates for the Indicated Period ($/MMBtu), June 3, 2026.

SOURCE Southern California Gas Company

DoorDash (DASH) stands as the dominant delivery platform, boasting a 56% market share and robust international expansion via strategic M&A. DASH's expanding moat is reinforced by its three-sided marketplace, high DashPass adoption, and optionality to enter new verticals like reservations and travel. Despite regulatory and competition risks, DASH achieved profitability in 2024, with Q1 2026 revenue up 33% YoY and adjusted EBITDA rising 28%.

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Providing access to currency risk management and cross-border payments solutions

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has entered into an agreement with Fever, a leading global live-entertainment discovery and ticketing platform that specializes in immersive experiences, candlelit concerts, and interactive pop-up events. Under the agreement, Corpay becomes Fever’s exclusive and Official Global Foreign Exchange (FX) Partner.

Through this partnership, Fever’s global operations across North America, Mexico, the UK, EMEA, and APAC will be able to leverage Corpay Cross-Border’s innovative solutions to help manage foreign exchange exposure arising from day-to-day business activities.

“Fever represents the future of global live entertainment and event ticketing technology, and we are honoured to be named their exclusive and Official FX Partner,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “This partnership reinforces our position as the leading provider of corporate payments and currency risk management solutions within the live entertainment industry, while also expanding our global partnership program into the event ticketing space. We look forward to supporting Fever as they continue to grow their global operations.”

“With operations spanning more than 50 countries, effective foreign exchange management is critical to supporting Fever's continued growth. Corpay brings the expertise and scale we need to optimize our FX operations as we expand globally and continue connecting millions of people with unforgettable live experiences around the world,” said Raúl Lara, Chief Financial Officer, Fever.

About Corpay

Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

Corpay – Payments made easy. To learn more visit www.corpay.com.

About Fever

Fever is the world’s leading tech platform for discovering culture and live entertainment, inspiring over 100 million people last year to discover the best experiences in over 40 countries. With a mission to democratize access to culture and entertainment in real life, Fever inspires users to enjoy unique experiences and events—from immersive exhibitions and sports to interactive theatrical performances, concerts, and festivals—while empowering its partners with data and technology to develop and expand new experiences worldwide.

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.

More News From Corpay, Inc.

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Sale Sharpens Company’s Focus on Strategic Opportunity with 1P Suppliers June 30, 2026 08:30 ET  | Source: SPS Commerce, Inc.

MINNEAPOLIS, June 30, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced it has completed the sale of its 3P Revenue Recovery business. The company previously acquired the business through the Carbon6 Technologies, Inc. (Carbon6) acquisition which closed on February 7, 2025. Carbon6 was a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. SPS Commerce retains the 1P revenue recovery business, an integral part of the Revenue Recovery solution that supports retailers including Amazon, Walmart, Kroger, Target, Home Depot, and Lowes.

“The acquisition of Carbon6 rapidly expanded our retailer coverage in Revenue Recovery to Amazon, one of the world’s largest retailers,” said Chad Collins, CEO of SPS Commerce. “Divesting the 3P portion of the Revenue Recovery business focuses SPS on the strategic opportunity with 1P suppliers who operate multi-retailer trading relationships and are better positioned to benefit from our intelligent supply chain network and other solutions like Fulfillment and Analytics.”

Transaction Details

Under the terms of the asset purchase agreement, SPS Commerce received a cash payment of $9.5 million at closing. SPS Commerce will incur an estimated loss on sale of approximately $20 million in Q2 2026 in connection with the transaction.

Additional details will be provided when the company reports second quarter results in July 2026.

About SPS Commerce

SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
[email protected]
415-217-4962

SPS-F

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce additional assay results from its ongoing drill program at Silver Hill, where systematic step out drilling continues to improve management's understanding of the continuity and orientation of a growing high grade polymetallic system. Hole SH26-19 returned 6.28 metres grading 1,156 g/t silver equivalent ("AgEq"), including 3.6 metres grading 1,789 g/t AgEq. Positioned at the southern edge of recent drilling, the intersection contains elevated gold and silver values coincident with high grade massive sphalerite, providing additional confidence in the Company's evolving geological model and continued vectoring toward new mineralization.

The Silver Hill polymetallic system remains open along strike, down plunge and at depth. With multiple drill hole results currently pending, Metalsource believes the current exploration program is still in the early stages of defining the scale and continuity of the system.

SH26-19: Tested the down plunge projection of the emerging high grade polymetallic corridor defined by drill holes SH25-01, SH25-02, SH26-07 and SH26-11. The hole returned composite values of up to 35% combined lead and zinc and up to 16.5 g/t gold, further supporting management's evolving geological model and continued vectoring toward higher grade portions of the system. Mineralization encountered in SH26-19 comprises two mineralized intervals separated by less than two metres. The upper 3.60 metre interval is characterized by elevated gold and zinc values with moderate silver and lead. The lower interval (224.00 m to 228.23 m) is characterized by elevated silver and lead values with moderate gold and zinc.

A 3.05 metre interval of core was not recovered between 224.88 metres and 227.93 metres. Based on the position of the interval relative to mapped historic underground workings, the Company interprets the core loss to represent previously mined material. High grade mineralization intersected immediately above and below the interval is consistent with this interpretation and provides additional support for the continuity of the mineralized corridor across the historic workings. Additional drilling will be required to confirm continuity through the interpreted mined section.

SH26-19 continues to support our thesis that Silver Hill is a viable exploration target with widespread polymetallic mineralization that has an emerging high-grade core. This trend continues to guide exploration planning as we work to grow mineralization along strike and down dip. Step out drilling to the south of SH26-19 is in progress.

Drill Hole IDFrom (m)To (m)Length (m)Au (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)AgEq (g/t)SH26-19218.60224.886.289.954.03.721.70.11,156Including218.60222.203.6016.543.72.832.20.11,789Including224.00224.880.882.7157.310.818.90.3762And227.93228.230.303.364.64.215.90.3609Table 1: Composite assay results from SH26-19. Widths reported are core length, as additional data is needed to estimate the true width of intercepts at this stage of the project. *Details on AgEq calculations below.

Figure 1: Panoramic photograph showing mineralization from SH26-19.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/303407_c9928610d4fde9c0_002full.jpg

Figure 2: Plan view of the Silver Hill project area showing the location of Pads 1-5. Transparent aerial image shows position of underground historic workings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/303407_c9928610d4fde9c0_003full.jpg

Figure 3: Long section looking southeast (113°) showing intercept locations colored by AgEq. Black dots indicate intercepts with pending assays. Note: Small colored dots within historic workings are bulk samples taken by previous workers and are colored by AgEq. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/303407_c9928610d4fde9c0_004full.jpg

Joe Cullen, CEO of Metalsource Mining, commented:

"Hole SH26-19 represents another important step forward in our understanding of the Silver Hill system. While the grades are certainly encouraging, what excites us most is that this hole successfully extends the emerging high grade corridor approximately 33 metres down plunge while continuing to demonstrate the continuity of silver, gold, lead and zinc mineralization. Each successful step out gives us greater confidence that we're tracking a coherent mineralized system rather than isolated high grade zones.

"As our geological model continues to evolve, we believe we're becoming increasingly effective at vectoring toward the higher grade portions of the system. The consistency of the polymetallic mineralization, combined with repeated success in our step out drilling, is helping us systematically refine where we focus the drill bit.

"Just as importantly, this is only one piece of a much larger exploration strategy. Multiple assays remain pending from the current drill program, additional property scale targets continue to emerge through our IP surveys, and we are actively advancing initiatives designed to aggressively accelerate exploration across Silver Hill. As our confidence in the geological model continues to grow, we're evaluating opportunities to increase drilling capacity so we can continue expanding known mineralization while testing new targets across the broader district. We believe we're still in the early stages of understanding what Silver Hill may ultimately become."

What's Next

Multiple Assays Pending: Results remain outstanding from several completed drill holes, providing a continued pipeline of near term exploration catalysts as the current campaign advances.Accelerating Exploration: Building on continued drilling success and encouraging property scale geophysical results, the Company is advancing initiatives to increase drilling capacity and accelerate exploration across Silver Hill.Expanding the District-Scale Opportunity: Ongoing geological interpretation, combined with recently completed IP surveys, continues to identify additional priority targets both within and beyond the historically mined area, supporting management's broader district scale exploration strategy.Refining the Geological Model: As drilling, geophysics and structural interpretation continue to converge, Metalsource expects to further refine targeting of the highest grade portions of the system while systematically expanding the known mineralized footprint.Evaluating Strategic Land Expansion: Metalsource is assessing opportunities to expand its land position in prospective areas identified through geological and geophysical analysis, strengthening its ability to explore district-scale potential.Why This Matters to Investors

Hole SH26-19 represents more than another high grade intercept. It demonstrates that Metalsource continues to successfully extend mineralization while improving its understanding of the geometry and continuity of the emerging high grade core at Silver Hill.

Every successful step out reduces geological uncertainty and improves management's ability to target future drilling. Rather than simply confirming historic mineralization, the Company is now systematically expanding the known footprint of the system while refining the structural controls that appear to influence higher grade mineralization.

Importantly, this result represents only one component of a much broader exploration program. Multiple drill holes remain pending from the current campaign, additional exploration targets continue to be generated through property scale IP surveys, and management is advancing plans to accelerate exploration across the district. Together, these initiatives are designed to expand the known mineralized footprint, evaluate new discovery opportunities and advance Silver Hill toward an inaugural modern resource estimate.

Drill Hole IDEasting (m)Northing (m)Elev. (m)AzimuthDipLength (m)StatusSH25-015724083951597224107-63109CompleteSH25-02572408395159722496-85101CompleteSH25-03572410395175123696-46305CompleteSH25-045724103951751236352-89100CompleteSH26-055722803951624262125-73199CompleteSH26-065722803951624262129-51154Assay PendingSH26-07572280395162426274-89200CompleteSH26-085722803951624262297-77231CompleteSH26-09572237395159026289-7015Abandoned SH26-10572237395159026291-76188CompleteSH26-11572237395159026226-83197CompleteSH26-125722373951590262293-84255Assay PendingSH26-135722373951590262145-82215Assay PendingSH26-145722373951590262125-67185Assay PendingSH26-155721683951658261107-79267CompleteSH26-16572168395165826185-76267CompleteSH26-17572168395165826194-61245CompleteSH26-185721683951658261120-70297CompleteSH26-195721683951658261131-76258CompleteSH26-205721683951658261133-80276Assay PendingSH26-215721683951658261168-86288Assay PendingSH26-225721683951658261111-86285Assay PendingSH26-23572168395165826171-87288Assay PendingSH26-24572168395165826155-84288Assay PendingTable 2: Drill collar locations and layout azimuth/dip for exploration drilling thus far at the Silver Hill Project. Collar survey in progress and will likely change reported collar elevations. Collar coordinates in WGS84 / UTMZ17N.

Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.

The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.

*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.

Qualified Person

All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 – Standards of Disclosure for Mineral Projects.

Silver Hill Project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. As the first significant discovery and first silver-producing mine in America, the property is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions.

Byrd-Pilot Mountain Project

The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.

About Metalsource Mining Inc.

Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.

The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.

Metalsource Mining
America's First Silver Mine. Modern Exploration. Historic Opportunity.

For further information, please contact:
Joe Cullen CEO – Metalsource Mining Inc.
Tel: (778) 919-8615
Email: [email protected]

Cautionary Note About Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR+ profile at www.sedarplus.ca. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303407

Source: Metalsource Mining Inc.

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June 30, 2026 Monday's MarketsS&P 500
7,440 (+1.18%)Nasdaq
25,820 (+2.07%)Dow
52,183 (+0.59%)Bitcoin
$60,336 (+1.15%)

Source: Image created by Jester AI.

1. AVAV Pops 20% On Q4 Revenue Smash AeroVironment (AVAV +0.76%) stock jumped 20% in pre-market trading, after the Rule Breakers recommendation smashed through revenue expectations – fourth-quarter and full-year revenue rose 133% and 141% year over year respectively. For fiscal 2027, management expects revenue of $2.125 billion to $2.225 billion, up from $1.977 billion in fiscal 2026 – which marked "the strongest financial performance in our history," in the words of CEO Wahid Nawabi.

"Fiscal 2026 marked a transformational year": Nawabi spoke of opportunities from global demand for "lethal and non-lethal drones, counter-UAS, space and advanced technologies," as the company reported a $1.2 billion funded backlog and $2.7 billion in bookings. "Important chance for relatively new CFO Sean Woodward to build goodwill with investors in the midst of his company's $89 million goodwill snafu": Fool analyst Tim Beyers had earlier pointed to the company's recently disclosed goodwill impairment error as an "an egregious mistake." Addressing it, Woodward said, "We identified a material weakness in our internal control," adding, "We have implemented enhanced controls and review procedures." 2. Stock Advisor Recs Making Big Moves Monday Corning (GLW +15.65%) climbed 15.7% yesterday, after the high-tech glass and ceramics specialist announced its next dividend date. Demand from institutional investors engaging in Q2 window dressing is also likely behind the Team Rule Breakers recommendation's rise.

Roblox (RBLX +14.57%), also a Team Rule Breakers rec, gained 14.3%, after Arete Research set a new price target of $95 on the stock – which was trading under $55 this morning. Strong call options trading is also helping push the price. TopBuild (BLD 15.80%) slipped 15.5%, despite the Team Hidden Gems rec posting a 17% rise in Q1 revenue yesterday, after shareholders gave their final approval for the company's takeover by QXO (QXO +0.23%).

3. World Cup Lessons for Smart Investors

Are you watching any of the World Cup matches? No? Well, then, you're missing out on some great ... investing lessons.

Joe Wiggins of "Behavioural Investment" blog fame is obviously both a fan of England and a fan of investing, seeing investing lessons everywhere he looks. In his latest entry, he calls out eight different biases that fans of soccer and investing, both, should definitely keep in mind. For example, there's this one:

Momentum matters: Positive or negative progress can become self-perpetuating and an incredibly powerful force.

The wretched hydration breaks and their impact on World Cup games are a great example of how vital momentum is in many walks of life, and how significant interrupting it can be.

For investors, consider Warren Buffett's comment about compounding. "Never interrupt it unnecessarily." This comes back to 'time in the market beating timing the market.' Compounding only gets to work well if you give it time to work. Stopping and starting it (as happens when you buy and sell over and over again) is bad for your overall results, interrupting the years-long compounding average the broad market has of roughly 10% per year.

4. Today's Take: Investing After the Sell

Ask anyone with decades of investing experience about their biggest mistake, and you'll usually hear the same answer: "I sold a big winner too soon." By tracking the returns of stocks you've sold, you may become less inclined to sell.-- Anthony Schiavone

There could be various reasons I sell – need the cash, better opportunities elsewhere, etc. – that may not necessarily reflect my views on the business. There could come a time later when I am able to buy the stock again, and I want to be up to speed on the developments in the business.-- Sanmeet Deo Team Rule Breakers

5. Your Take Happy birthday to us! Today, 33 years ago (in 1993), the first issue of The Motley Fool went into the mail to its first base of subscribers.

Which stock would you confidently buy today and hold for the NEXT 33 years? What makes you believe it'll stand the test of time?

Discuss with friends and family, or become a member to hear what your fellow Fools are saying!

This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends AeroVironment, Corning, QXO, Roblox, and TopBuild. The Motley Fool has a disclosure policy.

The energy infrastructure sector includes a range of different business models, from gathering systems at the wellhead to long-haul pipelines and export facilities. Comparing midstream companies without a standardized framework of midstream classifications can be difficult. With all the varying contract structures, growth drivers, and risks inherent in each of these businesses, it’s important for investors to understand this framework as well.  Learn more below about how the Energy MLP Classification Standard (EMCS) solves this by organizing companies into clear subsectors, how these categories shape major midstream benchmarks, and what factors are driving valuations and year-to-date performance across the space today.

Key Takeaways The Energy MLP Classification Standard (EMCS) categorizes energy infrastructure companies based on their primary source of cash flows. This provided an essential framework to accurately benchmark indexes, compare peer groups, and analyze relative performance. Applying the EMCS framework to midstream benchmarks highlights the differences between broad midstream indexes and MLP-only indexes, particularly regarding their weightings toward natural gas infrastructure. Forward EV/EBITDA multiples and total returns vary by subsector based on contract visibility, customer quality, and commodity exposure. The Mechanics of Midstream Classification The Energy MLP Classification Standard (EMCS) is the framework used to standardize the business activities of companies within the Alerian midstream index suite.

Before its introduction a decade ago, investors lacked a unified benchmark for attribution analysis. Research analysts frequently disagreed on categorizations. Without a standardized framework, stakeholders often resorted to a vague “diversified” label for highly integrated companies. By establishing a unified benchmark, the EMCS enabled investors to better analyze relative performance by subsector.

In the EMCS, energy infrastructure companies are categorized by their primary business activity, based on what generates the majority of cash flow on a trailing-four-quarter basis. Classifications are determined using a variety of publicly available resources. This included SEC filings, press releases, and investor presentations. The classifications and their definitions are included below:

By having one standardized classification, energy infrastructure companies have a more objective way of determining their peer group. Companies are assigned to a single classification, even if their revenues are relatively evenly split across multiple business lines. There is no “diversified” category by design.  It wouldn’t make sense to compare a highly defensive, long-haul pipeline operator to a commodity-sensitive gathering and processing company.

Interpreting Index Weightings Using EMCS Subsectors Within the Alerian suite, two broad benchmarks are frequently used to delineate and analyze the midstream sector across C-Corps and Master Limited Partnerships (MLPs). The Alerian Midstream Energy Corporation Index (AMCC) represents North American energy infrastructure corporations, while the Alerian MLP Index (AMZ) serves as the leading gauge of energy infrastructure MLPs. As of June 26, AMZ was yielding 6.7%, and AMCC was yielding 3.5%.

Structurally, midstream C-Corps tend to have a larger footprint in natural gas infrastructure compared to their MLP counterparts. When analyzing these weightings, it is also important to note that marketing and distribution, as well as compression, are not qualifying activities for AMCC.

As shown above, AMCC skews significantly more towards subsectors primarily focused on natural gas. This include the natural gas pipeline transportation, gathering & processing, and liquefaction subsectors. As of June 26, over three-fourths of AMCC by weight was dedicated to natural gas infrastructure, whereas roughly half of AMZ by weight focuses on natural gas.

Comparing Subsector Multiples in the Midstream Space Broadly, C-Corps tend to command higher valuations than MLPs. This is due to a combination of factors such as simplified tax reporting without K-1s, more traditional corporate governance, and eligibility for inclusion in broad market equity indexes. For instance, four midstream C-Corps collectively constitute roughly 0.4% of the S&P 500 by weight: Kinder Morgan (KMI), ONEOK (OKE), Targa Resources (TRGP), and Williams (WMB).

Overall, on a weighted average basis, AMCC is trading at 11.94x 2027 EBITDA as of June 25, while AMZ is trading at 8.89x 2027 EBITDA. While corporate structure clearly impacts valuations, the underlying business is also important in determining multiples. In general, investors will pay a premium for longer-term cash flow visibility. Looking at the broader Alerian Midstream Energy Index (AMNA), which is trading at 11.56x 2027 EBITDA overall, subsectors exhibit a clear variance in valuation. The subsector multiples below are simple averages and track lower than the overall AMNA index because the largest constituents command higher valuations.

Long-haul pipeline transportation, both petroleum and natural gas, commands higher multiples alongside liquefaction. This is because long-haul pipelines are typically backed by investment-grade counterparties and sticky, long-term, fee-based contracts. This business model provides stronger cash flow certainty and longer visibility, which justifies higher EBITDA multiples.

Liquefaction vs. Gathering & Processing Contracts Liquefaction names also tend to have higher forward multiples. This is driven primarily by their long-term revenue visibility, often backed by 20-year sales agreements, and their ability to generate substantial cash flow once operational. Currently, these companies are building out liquefied natural gas (LNG) export capacity to meet global natural gas demand. By 2031, U.S. LNG export capacity is set to roughly double, an increase of 18.7 billion cubic feet per day (Bcf/d). More broadly, this buildout has been a key tailwind for natural-gas-focused names in the midstream space alongside rising power needs, including from data centers, that could drive an incremental 9.9 Bcf/d of U.S. natural gas demand to 2030. For reference, U.S. natural gas demand was 92.0 Bcf/d in 2025.

With this expected natural gas demand growth, the slew of expansion projects underway are largely for demand-pull natural gas pipelines. These tend to command higher premiums due to longer contract terms and stronger customers. Notably, growth projects span the U.S., instead of being concentrated in Texas. Natural gas pipelines tend to be more utility-like, which can also support stronger valuations.

Conversely, gathering and processing (G&P) assets tend to command some of the lowest EBITDA multiples in the sector. These smaller pipelines move hydrocarbons away from the wellhead, and are thus highly dependent on localized producer output, face greater regional competition, and typically operate on much shorter-term contracts. Furthermore, G&P operators frequently rely on acreage dedications. These are usually lower quality contracts that only promise the output of a specific area, rather than minimum volume commitments. This inherent volume risk and greater commodity exposure results in a valuation discount compared to other subsectors.

Gathering & Processing Leads AMNA Subsectors in YTD Performance The macroeconomic narrative in 2026 has been dominated by the conflict with Iran and the closure of the Strait of Hormuz. While broader equity markets experienced heightened volatility, energy has been a clear standout, and AMNA has generated a robust total return of 25.9% through June 26. Entering the year, there were some concerns in the energy sector about U.S. production growth slowing down this year and in 2027. However, with West Texas Intermediate (WTI) crude up 20.6% year-to-date through June 26 and the crude futures curve at a supportive level, those fears have evaporated. The U.S. Energy Information Administration (EIA) now expects U.S. oil production to reach a new record high in 2027, reversing prior expectations for a decline. The improved volume outlook and strong free cash flow generation have driven robust performance across the midstream space.

As shown above, the gathering & processing (G&P) subsector has clearly stood out, handily outperforming AMNA’s year-to-date total return. Due to their proximity to the wellhead, shorter contract lengths, and fee structures that can include a portion of commodity prices, G&P operators tend to be more commodity-sensitive than long-haul pipelines. In a rising commodity price environment, this allows them to capture more immediate upside.

Other Strong Performance Factors in 2026 Liquefaction names also posted strong returns, stemming from Middle East supply shocks, specifically the closure of the Strait of Hormuz and strikes that reportedly took about 17% of Qatar’s LNG export capacity offline for an estimated 3-5 years. U.S. LNG exporters with the flexibility to sell spot cargoes into this higher-priced international market have been the primary beneficiaries. For example, Venture Global (VG), which was only 69% contracted as of February, is up 60.6% on a total-return year-to-date through June 26. Cheniere Energy (LNG), though heavily contracted at over 90%, has also benefited significantly, returning 24.3% over the same period.

Meanwhile, natural gas and petroleum pipelines have benefited from the resulting long-term demand-pull and a resilient oil price backdrop, though trailing the broader index. Still, due to its heavier weighting relative to other subsectors, natural gas transportation contributed the most to AMNA’s overall performance year-to-date.

Bottom Line As the energy sector evolves, the EMCS framework makes it easier to understand the midstream space by providing essential context. By grouping similar companies together, investors can accurately compare indexes and better analyze performance drivers.

Looking for midstream insights in your inbox? Subscribe here to keep a pulse on midstream investing through our weekly updates.

For more news, information, and analysis, visit the Energy Infrastructure Content Hub

Related Research:

U.S. Oil Production Outlook & Midstream Implications

Is Oil’s Peak Behind Us? Does It Matter for Midstream?

Natural Gas, Demand-Pull Pipelines & Midstream Valuations

Surging U.S. Power Needs Drive Gas Infrastructure Opportunity

U.S. LNG Exports Surge Despite 4Q25 Headwinds

MLP 101: Addressing Common Investor Questions

Energy MLP Classification Standard

AMZ is the underlying index for the JPMCFC Alerian MLP Index ETN (AMJB), the ETRACS Alerian MLP Index ETN Series B (AMUB), and the ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).

vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for AMJB, AMUB, and MLPR, for which it receives an index licensing fee. However, AMJB, AMUB, and MLPR are not issued, sponsored, endorsed, or sold by VettaFi. VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of AMJB, AMUB, and MLPR.

The Great Finance Reset provides data-driven visual guidance to help Finance brands reveal where more relevant, contemporary imagery can strengthen trust, engagement, and ROI June 30, 2026 09:00 ET  | Source: Getty Images, Inc.

NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today released its latest report – The Great Finance Reset - from its VisualGPS global insights platform. The findings identify where Finance brands can strengthen their content and increase return on investment with their visual strategies.

In a category where trust is a fundamental currency, Finance brands are uniquely positioned to strengthen marketing performance by closing the gap between current imagery and how consumers actually live, earn, and aspire. For decades, the industry relied on a familiar visual vocabulary: handshakes across boardroom tables, suited advisors in polished office settings, and aspirational symbols of material wealth. The industry’s visual communication has an opportunity to align with how people actually live, earn, and manage money today – increasing credibility and engagement.

The report’s proprietary data and consumer research reveal clear areas where targeted changes can improve trust, engagement, and marketing efficiency.

Key insights from the report include:

Reflect the many paths to wealth: By 2030, over $1.9 trillion of wealth will be passed down to a younger, more diverse generation, including more women, people of color, and LGBTQIA+ people. According to the report, 3 in 4 visuals currently used by Finance brands depict white-collar work, with only 7% featuring blue-collar or service occupations that primarily picture people alone. The broader definition of wealth is also shifting with American consumers, with 70% defining wealth through experiences rather than possessions. Brands that reflect this shift are better positioned to build lasting relevance with the audiences that will define the industry’s next chapter.

Build trust in uncertain times: 2 in 3 Americans believe inflation is making everyday necessities unaffordable.  And the expectation is that the private sector has a role to play in this, with 8 in 10 Americans believing companies have an obligation to help improve society. Finance brands are uniquely positioned to meet that expectation through credible, grounded visual storytelling that reflects the imperfections of life and complexity of lived financial experiences. Reflecting this reality builds stronger brand trust and more effective, credible communications.

Close the content gap: 78% of Americans consider video the most engaging visual format, yet only 11% of Finance brand visuals are video, one of the highest-performing formats available. Similarly, 88% of Americans manage their finances digitally, yet only 9% of technology visuals depict someone actually managing their finances. Brands that are actively working to close these gaps will build stronger engagement and a more efficient marketing engine.

Show aspiration as it is: 75% of consumers want Finance brands to show realistic depictions of everyday life, and 68% prefer finding joy in simple pleasures over major achievements. The established visual codes of luxury no longer reflect how most Americans think about financial success and read as inauthentic and undesirable. Making this shift will allow brands to build deeper emotional connections with audiences whose relationship to wealth looks nothing like previous generations.

Bring AI to life in human terms: Searches by Finance brands “AI” on Getty Images grew 34% year-over-year in 2025, yet only 11% of consumers believe AI related imagery is appropriate in Finance marketing. The opportunity lies in moving beyond the abstract, cool-toned depictions toward human, relatable imagery that shows AI’s real-world impact on the industry, from fraud detection to financial planning. The brands that humanize the real-world impacts of AI on daily life will own the trust advantage that comes with it.

“The world is in the midst of a major reset: chaos is abounding from big swings across our sociocultural, technological, economic, political, and social dimensions of life. What we aspire to as a society looks radically different today in comparison to even a few years ago. And we’re shifting gears into some pretty seismic innovations in AI that looks like it will transform the world as we know it. All these signals will have a profound influence on visual culture, and the Finance sector is uniquely positioned for the major visual change people want to see. That’s why this is the perfect moment to start to rethink strategies for choosing visuals that resonate today and tomorrow - and Getty Images is here to give brands the tools, direction, and data to confidently make that shift,” said Tristen Norman, Head of Creative for the Americas at Getty Images.

Getty Images has unique visibility into what visual content performs, based on how Finance brands select, use, and reuse imagery across channels. Ineffective imagery is not neutral, it reduces trust, limits engagement, and lowers return on marketing investment. The Great Finance Reset gives Finance brands the data and direction to close that gap.

To download the full report, see here.

Methodology:

Getty Images’ VisualGPS methodology combines consumer insight with real-world usage data to understand what visual content performs.

The analysis draws on proprietary search and download behavior across Getty Images and iStock (+ 2.8 billion searches each year), representing how brands actively select, use, and reuse imagery across channels – alongside global research conducted in partnership with world-class global research firm MarketCast.

For this report, the dataset includes over 750,000 images and videos downloaded by US Finance brands over a 3-year period, with over 10,000 search queries analyzed by in-house creative experts, and survey responses from more than 3,200+ US consumers.

This combination of observed behavior and consumer sentiment provides a clear view of where visual strategies align with – or diverge from – how audiences experience finance today.

About Getty Images:

Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with over 600,000 content creators and over 360 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography.

Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for.

For company news and announcements, visit our Newsroom.

Media Contact:
Alex Lazarou
[email protected]

Board of Directors member Joy Brown sold 1,821 shares of Huron Consulting Group (HURN 3.22%) for approximately $191,000 in open-market transactions on May 22, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)1,821Transaction value$191,230Post-transaction shares (direct)8,575Post-transaction value (direct ownership)~$904KTransaction value based on SEC Form 4 weighted average reported price ($105.01); post-transaction value based on May 22, 2026 market close ($105.46).

Key questionsHow does the sale compare to Brown's historical trading activity?
Brown has executed two open-market sales over the past two years, with this transaction representing her largest single sale to date and aligning with her pattern of periodic, capacity-driven liquidity events.What proportion of Brown's ownership was impacted by this transaction?
The sale accounted for 17.52% of her direct holdings as of the transaction date, reducing her position from 10,396 to 8,575 shares, with no indirect holdings reported.Does the transaction involve any derivatives or indirect entities?
No; all shares were held directly, and there were no derivative securities exercised or indirect holdings (such as trusts or LLCs) involved in this filing.What is the market context for this sale?
As of May 22, 2026, Huron Consulting Group shares were priced at $105.01, down 24.81% over the prior year, suggesting the transaction occurred amidst a period of share price weakness but within the context of Brown's regular trading cadence.Company overviewMetricValueMarket capitalization$1.74 billionRevenue (TTM)$1.74 billionNet income (TTM)$103.75 millionPrice (as of market close 5/22/26)$105.01* 1-year performance is calculated using May 22, 2026 as the reference date.

Company snapshotHuron Consulting offers consulting services across healthcare, business advisory, and education, with revenue primarily generated from advisory, digital, and technology solutions.It operates a fee-based business model, generating income through project-based and recurring service engagements.The company serves hospitals, health systems, academic institutions, research organizations, and a broad range of industries seeking operational and digital transformation.Huron Consulting Group is a professional services firm with a global presence, focusing on delivering advisory and digital solutions to complex organizations. The company leverages its expertise across healthcare, business, and education sectors to drive operational improvements and technology adoption for its clients.

What this transaction means for investorsThe May 22 sale of Huron Consulting shares by Director Joy Brown came at a time when the stock was beaten down. Her disposition at a weighted average price of $105.01 was far below the 52-week high of $186.78 reached in January.

She has not sold additional Huron stock since then, retaining 8,575 shares post-transaction, which suggests she is not in a rush to dispose of her holdings. Moreover, the size of the sale reflects routine liquidity management, consistent with prior activity and in line with the remaining available share capacity.

Consequently, Brown’s transaction does not suggest a red flag for investors. Huron shares plunged as a result of a sector-wide sell-off in consulting companies. Wall Street feared that artificial intelligence will take away business.

Instead, the opposite seems true. Customers now need Huron to help navigate the transition to AI. In the first quarter, the company’s revenue rose 12% year over year to a record $443.7 million, indicating customer demand remains strong.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Huron Consulting Group. The Motley Fool has a disclosure policy.

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Move into the large-cap index reflects DigitalOcean's growing scale, durable business model, and consistent execution.

BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the AI-Native Cloud, purpose-built for inference and agentic workloads, today announced that it has been added to the Russell 1000 Index, moving up from the Russell 2000 Index, as part of the FTSE Russell semi-annual reconstitution of its U.S. indexes. The move was effective after the U.S. market opened on June 29, 2026.

The Russell 1000 Index represents approximately the largest 1,000 U.S. companies by market capitalization. DigitalOcean’s move into the Russell 1000 reflects the scale of its AI-Native Cloud and its sustained and disciplined business execution. The Company has grown into a $1 billion Annual Run Rate Revenue business and has continued to invest in its integrated platform while generating strong margins and cash flow, simultaneously demonstrating growth and efficiency.

About DigitalOcean

DigitalOcean (NYSE: DOCN) is the AI-Native Cloud, purpose-built for inference and agentic workloads. Its five-layer integrated platform, spanning GPU and CPU infrastructure, core cloud, inference, data, and managed agent orchestration, is open throughout with no vendor lock-in, giving builders everything they need to start fast, scale production AI workloads, and improve unit economics. More than 650,000 customers and millions of developers globally trust DigitalOcean to build, ship, and scale their applications. To learn more, visit www.digitalocean.com

Forward-Looking Statements

This 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, regarding our ability to continue to scale our business. The forward-looking statements contained in this release are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. Further information on these and additional risks, uncertainties, assumptions and other factors that could cause actual results or outcomes to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent filings and reports we make with the SEC.

More News From DigitalOcean Holdings, Inc.

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The most attractive feature of Ares Capital (ARCC +1.76%) today is probably its huge 10.5% dividend yield. However, investors need to fully understand what supports that lofty yield before buying this stock. And recognize that the dividend has been cut before. Here's why the test the private credit markets are facing is so important for Ares Capital right now.

The difference between Ares Capital and a non-public credit fund Ares Capital issues shares to the public, and those shares will continue to exist until it repurchases them. In this way, the business development company (BDC) has permanent capital. The stock price may rise and fall, but nobody can force Ares Capital to return their cash. That's an important dynamic as you watch non-public private credit funds limit redemptions.

Image source: Getty Images.

Companies like BlackRock (BLK 1.47%) and Blue Owl Capital (OWL 0.58%) have been making headlines as customers who can withdraw cash from the private credit funds they operate ask for their money back. If withdrawals are large enough, non-public private credit funds can be forced to sell assets to meet redemption requests. That can trigger a downward spiral in asset prices.

The ability to limit redemptions is supposed to help prevent that spiral. However, the news that redemptions are being limited can have the unintended consequence of increasing fear and, in turn, the number of customers requesting a return of their cash.

Ares Capital's portfolio is holding up reasonably well Despite the withdrawals from private credit funds, Ares Capital's portfolio is performing reasonably well. Loans on non-accrual status sat at 2.1% at the end of the first quarter of 2026. That was up from 1.8%, which isn't good news directionally, but the absolute level is still reasonable. The BDC's core earnings of $0.47 per share didn't cover the $0.48 per share paid in dividends, but when you add in $0.15 per share in realized gains, there was ample coverage.

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That said, interest rates appear likely to remain at current levels or rise. Ares Capital issues many floating-rate loans to the largely smaller businesses it works with, so it will generate more income as rates rise. But higher rates can make it harder for its clients to pay back their loans, so dividend investors will want to pay close attention to its non-accrual loan rate. If that rate rises too high, a dividend cut could be in the cards.

Moreover, while the redemptions hitting companies like BlackRock aren't necessarily indicative of the quality of private credit loans, investors are clearly worried that loan quality is deteriorating. That isn't shocking, given the huge growth of the private credit market in recent years. As more and more capital enters the market, weaker and weaker loans are likely to be made. If you own Ares Capital, there's no reason to panic, but redemptions at BlackRock and Blue Owl Capital could still be the canary in the coal mine on the loan quality front.

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The partnership between Jamison’s newly launched Arden Residential affordable housing division and Kennedy Wilson’s Vintage Housing platform begins with the conversion of the former LA World Trade Center into 512 affordable units

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Kennedy Wilson, a global real estate investment company, and Jamison, a leading Los Angeles multifamily development firm with experience in high- and low-rise construction and adaptive reuse conversions, have entered a new strategic partnership with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction.

The partnership is between Jamison's newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. It will begin with the conversion of the former LA World Trade Center at 350 S. Figueroa Street, which will be re-branded as “Sky Castle.” The 400,000-square-foot office complex will be converted into 512 affordable units offering a mix of one-, two- and three-bedroom floor plans. Each unit will feature new kitchens and bathrooms with appliances and an operable window as well as modern community amenities including community rooms available for resident events, a dedicated co-working space, a resident lounge, on-site storage, laundry rooms throughout the property, and mail parcel rooms.

Phase I, which is expected to begin in August 2026, will focus on the building’s concourse levels to deliver 241 affordable housing units for families earning 30% to 80% of Area Median Income (AMI). Phase II, planned for the office tower above, will add 271 affordable units. The World Trade Center residential conversion is endorsed by Los Angeles government leaders and approved by the city under the new adaptive reuse ordinance.

The new joint venture leverages Kennedy Wilson’s deep expertise in affordable housing development. In 2015, Kennedy Wilson acquired an equity stake in Vintage Housing, an industry leader in delivering affordable, long-term housing solutions for qualified working families and active senior citizens, and has since helped grow the platform from 5,000 to over 13,000 units across the Western United States.

“This strategic partnership between Jamison and our Vintage Housing platform is all about providing much-needed affordable housing in our backyard, the City of Los Angeles,” said Nicholas Bridges, Global Head of Capital Markets at Kennedy Wilson. “Built on a relationship spanning decades, our strategic venture brings together Jamison’s extensive real estate portfolio and multifamily expertise with Kennedy Wilson’s affordable housing development capabilities to accelerate delivery of approximately 4,000 affordable housing rental units across the city. Together, Kennedy Wilson and Jamison are committed to delivering housing solutions that address the city’s affordability challenges while creating a lasting, positive impact for Los Angeles communities.”

"Kennedy Wilson’s Vintage Housing platform is the ideal partner given our shared long-term vision, institutional strength, and operational excellence, while Jamison will bring its deep local market knowledge and hands-on development expertise,” said Garrett Lee, Chief Executive Officer, Jamison. “Together, we will develop thoughtfully designed housing for families, seniors, and communities through both adaptive reuse conversions and ground-up construction in transit-oriented, job-rich neighborhoods that provide residents with access to the opportunities and services that make Los Angeles thrive."

The partnership between Kennedy Wilson and Jamison reflects both entities’ commitment to the city and their shared vision of expanding affordable, high-quality housing for residents. At a time when affordable housing remains one of Los Angeles’ most pressing challenges, this joint venture represents an actionable step toward delivering accessible housing opportunities for individuals and families across a range of income levels. The joint venture is committed to advancing innovative housing solutions, revitalizing underutilized properties, and contributing to the development of vibrant communities that support the city’s long-term growth and economic vitality.

About Kennedy Wilson

Kennedy Wilson is a leading real estate investment company with $37 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $60 billion in total transactions since 2009. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit www.kennedywilson.com.

About Jamison

Jamison is a privately held firm that manages 18 million square feet of commercial office, retail, medical, and multifamily properties throughout Southern California. Jamison has recently grown into one of the most active multifamily developers in the City of Los Angeles, bringing to market more than 8,000 units since 2014 with an additional 2,000 units under construction.

KW-IR

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.

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Comparing State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM 0.04%) and iShares Morningstar Small-Cap ETF (ISCB +0.19%) reveals a trade-off between the better recent performance of State Street fund and the much broader portfolio diversification offered by iShares.

Both funds provide core exposure to the U.S. small-cap market, yet they follow different indexing strategies. While the State Street fund focuses on a more curated list of 600 stocks, the iShares ETF casts a wider net, capturing over 1,500 companies within a similar sector framework.

Snapshot (cost & size)MetricSPSMISCBIssuerSPDRiSharesShare price (as of June 26, 2026)$57.30$74.93Expense ratio0.03%0.04%1-yr return (as of June 26, 2026))36.9%30.7%Dividend yield1.4%1.3%Beta0.991.03AUM$16.9 billion$285 millionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The funds’ expense ratios are basically the same (1 basis point doesn’t seem worth quibbling over). SPSM offers a slightly higher dividend yield of 1.4% versus 1.3% for ISCB.

Performance & risk comparisonMetricSPSMISCBMax drawdown (5 yr)(27.9%)(29.9%)Growth of $1,000 over 5 years (total return)$1,403$1,360What's insideThe iShares ETF tracks a broad benchmark of smaller U.S. companies, holding 1,586 securities. Its sector allocation is led by industrials at 18%, followed by technology at 16%, and financial services at 16%. Its largest positions include Sterling Infrastructure (STRL +0.73%) at 0.38%, Okta (OKTA +5.66%) at 0.33%, and Guardant Health (GH +3.02%) at 0.3%. The fund was launched in 2004. The ETF has paid $0.95 per share in dividends over the trailing 12 months, which on its recent ~$75 share price works out to a 1.3% yield.

The SPDR fund targets the S&P SmallCap 600 Index, holding 607 stocks. Its top sectors are technology at 17%, financial services at 17%, and industrials at 15%. Its largest positions include Formfactor (FORM +10.20%) at 0.64%, Molina Healthcare (MOH 0.09%) at 0.62%, and Brightspring Health Services (BTSG +0.00%) at 0.61%. The fund was launched in 2013. The ETF has paid $0.79 per share in dividends over the trailing 12 months, which on its recent ~$57 share price works out to a 1.4% yield.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsThese two small-cap specialists have basically identical expense ratios, so I'm going to set that aside; it's not really relevant to this analysis.

ISCB is extremely diversified, holding more than twice as many stocks as its counterpart. That said, SPSM is not at all concentrated; no holding even approaches a 1% weighting in the portfolio. The iShares ETF is also very small relative to its SPDR counterpart, with assets under management of $285 million. Accordingly, it has very low average trading volume, and that type of limited liquidity may be a concern for some investors.

Finally, SPSM has posted better recent returns than ISCB. Past performance is no guarantee of future results, of course, but it's one more thing that tips the scale in favor of the SPDR ETF.

Erin Kennedy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Guardant Health, Okta, and Sterling Infrastructure. The Motley Fool has a disclosure policy.

Allison Holdings (ALSN) offers a compelling buying opportunity, trading at a ~43% P/E discount to peers with strong margin and growth prospects. The Off-Highway business acquisition and robust defence market demand drive revenue growth, offsetting temporary On-Highway headwinds from emission regulations. ALSN targets a long-term adjusted EBITDA margin of 25–27%, supported by pricing power, synergy realization, and operational efficiency.