Coinspect odhalil kritickou chybu „Ill Bloom“ v generování seed frází, která ohrožuje tisíce kryptopeněženek v sítích Bitcoin, Ethereum, Polygon, Rootstock, Tron a Solana. Útočníci už odcizili nejméně 5 milionů USD, včetně útoku na 431 peněženek za 3,1 milionu USD.
Key Takeaways Blockchain security company Coinspect has identified a critical security weakness dubbed “Ill Bloom” that impacts cryptocurrency wallets on Bitcoin, Ethereum, Polygon, Tron, Solana, and additional networks The security issue originates from inadequate random number generation used when creating wallet recovery phrases in specific mobile wallet applications Hackers have successfully stolen a minimum of $5 million starting May 27, including one coordinated assault that emptied 431 wallets totaling $3.1 million The vulnerability has existed since 2018, meaning wallets created years ago could still be compromised Users can verify their wallet’s safety using a complimentary verification tool provided by Coinspect Coinspect, a prominent blockchain security organization, has revealed a critical security flaw named “Ill Bloom” that threatens thousands of cryptocurrency wallets worldwide.
The security weakness is rooted in insufficient randomness during the seed phrase generation process used by certain software wallets. When wallet applications employ inadequate random number generators during the creation phase, the resulting mnemonic phrases become susceptible to prediction and exploitation by malicious actors.
Multiple blockchain networks are impacted, including Bitcoin, Ethereum, Polygon, Rootstock, Tron, and Solana.
According to Coinspect’s investigation, this security flaw has existed for at least six years, dating back to 2018. Alarmingly, vulnerable wallets were still being created as recently as several weeks ago, putting both longtime users and newcomers at serious risk.
Timeline of the Exploitation Campaign The first major coordinated attack occurred on May 27, when cybercriminals targeted 431 wallets from a pool of 2,114 identified vulnerable addresses, successfully draining $3.1 million worth of digital assets.
A second wave of attacks struck over the weekend, with approximately $2 million extracted from compromised wallets. Current estimates place total losses at a minimum of $5 million, though Coinspect suggests the actual figure may be considerably higher when accounting for losses across all affected blockchain networks.
To prevent further exploitation, Coinspect has deliberately withheld complete technical specifications of the vulnerability, limiting the information available to potential attackers.
According to the security firm, hardware wallet owners remain unaffected by this particular vulnerability. Most popular software wallet providers are also considered secure. The primary risk group consists of individuals who generated their recovery phrases using obscure or lesser-known mobile wallet applications.
Historical Precedents of Seed Generation Vulnerabilities The Ill Bloom vulnerability is not an isolated incident in the cryptocurrency security landscape.
During 2023, Ledger’s cybersecurity division discovered that the browser extension version of Trust Wallet contained a seed generation weakness that significantly reduced randomness. This flaw reduced potential phrase combinations to approximately four billion possibilities, making it feasible for attackers to crack wallets within 24 hours using modest GPU computing power. Trust Wallet addressed the vulnerability before any user funds were compromised.
Similarly in 2023, a security weakness in the Libbitcoin Explorer wallet software resulted in $900,000 being stolen through systematic private key brute-force attacks.
What makes the Ill Bloom vulnerability particularly concerning is that it doesn’t originate from a single wallet provider, making remediation efforts more complex and widespread.
SlowMist, a respected security monitoring organization, has confirmed it is actively tracking the ongoing situation. Coinspect is calling on wallet developers to implement weak mnemonic detection capabilities directly into their applications.
Concerned users can access Coinspect’s specialized verification tool to determine whether their wallet addresses are vulnerable. If unauthorized transactions have occurred from your wallet, the Ill Bloom vulnerability may be responsible.
Circle minulý týden na Solaně emitovala zhruba 3,5 miliardy USDC, včetně jednorázového mintu za 1 miliardu. Hrubá emise USDC na Solaně už v roce 2026 přesáhla 64 miliard.
Circle printed roughly $3.5 billion worth of USDC on Solana last week, with a single $1 billion mint hitting the chain on June 16 alone.
Gross USDC issuance on Solana has already blown past $64 billion for 2026, and we’re barely into July.
What’s driving the demand USDC on Solana serves a sprawling set of use cases: DeFi trading, cross-border payments, and institutional settlements. The network’s low fees and high throughput make it a natural fit for the kind of rapid-fire transactions that stablecoin users actually need.
Advertisement
Each token represents a dollar (or dollar-equivalent reserve) deposited by a customer who wants digital dollars on-chain. When $3.5 billion gets minted in a week, it means $3.5 billion in fresh demand showed up at the door.
The June 16 mint of $1 billion USDC in a single transaction is particularly notable. Transactions of that size typically signal institutional or enterprise-level activity, not retail users swapping tokens on a DEX.
The institutional angle is getting real Circle has enhanced its mint and burn capabilities with BNY Mellon, one of the world’s oldest and largest custodial banks. That partnership covers both Solana and Ethereum environments, giving institutions a familiar custody framework for handling USDC at scale.
Circle hasn’t issued any public statement about the specific June minting events. The data comes from on-chain tracking platforms that monitor blockchain transactions in real time.
What this means for investors With $64 billion in gross USDC issuance on Solana in 2026 alone, the network has established itself as a legitimate alternative for high-volume stablecoin operations.
For SOL holders, more USDC liquidity on the network means more transaction fees, more DeFi activity, and more reasons for developers to build on Solana. Stablecoin volume is one of the most reliable indicators of real economic activity on a blockchain, as opposed to speculative token trading that can evaporate overnight.
Tether’s USDT still commands the largest market share globally, but USDC’s growth on Solana, powered by Circle’s regulatory-first approach and institutional partnerships, is carving out a distinct lane.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana se dostala na 2. místo v globálním spotovém objemu kryptoměn s asi 12,25 miliardy USD, hned za Binance. V tokenizovaných akciích drží zhruba 97 % on-chain spotového objemu.
A decentralized blockchain is now handling more spot trading volume than some of the biggest centralized exchanges on the planet. Solana has climbed to the No. 2 spot in global spot crypto trading volume, processing roughly $12.25 billion and sitting behind only Binance in the rankings.
The numbers behind Solana’s trading surge Solana’s decentralized exchange ecosystem has been on a tear. Weekly spot trading volume exceeded $7 billion in mid-June 2026, comfortably surpassing Coinbase at roughly $6.4 billion and Kraken at approximately $4.4 billion.
The cumulative spot trading volume across Solana’s DEX platforms hit $1.6 trillion in 2025, capturing approximately 11.92% of the global market share.
Daily on-chain activity has peaked at over 100 million transactions in mid-2026. Solana’s low transaction fees and high processing capacity have made it the default venue for traders who want speed without the gas fee headache that has historically plagued Ethereum.
Advertisement
Perhaps the most striking data point is in tokenized equities. Solana now accounts for roughly 97% of on-chain tokenized equities spot volume as of early June 2026.
What’s driving the volume explosion Three forces are converging to push Solana’s numbers higher: memecoins, DeFi protocols, and tokenized real-world assets.
Memecoins continue to generate enormous trading volume on Solana-native DEXs. The blockchain’s cheap fees make it the natural home for the kind of rapid-fire speculative trading that defines the memecoin market.
Tokenized equities and real-world assets represent a fundamentally different kind of volume than memecoin speculation, reflecting institutional interest in the network’s reliability and settlement guarantees.
Solana has frequently ranked either first or second in DEX volume metrics across both 7-day and 30-day periods, outperforming Ethereum in several of those windows.
What this means for investors For SOL token holders, higher network activity generally translates to more fees burned and more economic value accruing to the network. Trading volume is one of the clearest demand-side indicators for a layer-1 blockchain’s long-term viability.
Scalability under sustained load is an open question. Solana has improved dramatically since its outage era, but 100 million daily transactions puts enormous stress on validators and infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BlackRock, Inc. (NYSE:BLK) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the New York-based company to report quarterly earnings of $12.55 per share, up from $12.05 per share in the year-ago period. The consensus estimate for BlackRock’s quarterly revenue is $6.63 billion. It reported $5.42 billion last year, according to Benzinga Pro.
On May 20, BlackRock declared a quarterly dividend of $5.73 on common stock.
BlackRock shares rose 1.6% to close at $995.73 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying BLK stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Hertz po snížení výhledu na upravenou korporátní EBITDA na 50 až 80 milionů USD a obavách z ředění akcií dál prudce oslabuje. HTZ je za měsíc níž o více než 58 % a vytvořila Death Cross.
For many traders, it’s confirmation that a stock’s short-term weakness has evolved into a longer-term downtrend.
A Crash That Changed the StoryHertz’s current technical setup is rooted in a fundamental shock.
On June 24, the stock plunged 41% after the company slashed its second-quarter adjusted corporate EBITDA guidance to between $50 million and $80 million, blaming unexpected weakness in used-car prices. Since Hertz regularly sells vehicles from its rental fleet, falling residual values translated into larger-than-expected losses and raised fresh questions about the company’s earnings power.
The company also unveiled a $400 million financing package that included $300 million in convertible senior notes and a $100 million common stock offering. The deal, coupled with more than 37 million shares made available for hedging activities, fueled fears of shareholder dilution and sent investors rushing for the exits.
The selling hasn’t stopped since. HTZ is now down more than 58% over the past month and recently touched a fresh 52-week low of $2.09.
The Chart Isn’t HelpingIf the fundamentals weren’t enough, the technicals have also turned decisively bearish with the Death Cross formation. The stock is also trading well below major moving averages, underscoring the strength of the recent selloff.
Momentum indicators tell a similar story. The MACD (moving average convergence/divergence) remains in bearish territory, signaling that downside momentum is still intact, even as the pace of selling has eased.
Meanwhile, the Relative Strength Index (RSI) has slipped to around 18, placing HTZ deep in oversold territory. While that could leave room for a short-term bounce, oversold readings alone rarely signal a lasting reversal without an improvement in the underlying fundamentals.
What Investors Should WatchA Death Cross doesn’t guarantee more downside, but it rarely improves sentiment overnight. For Hertz, the chart is simply reinforcing what investors have already been pricing in since the June collapse: concerns over earnings, vehicle values and dilution.
Whether the stock can break that narrative will likely depend less on technical indicators and more on management proving that the worst of the used-car downturn is behind it. Until then, even Ackman’s continued backing may not be enough to shift the market’s mood.
Photo created using artificial intelligence with Midjourney, Dall-E.
Market News and Data brought to you by Benzinga APIs
Micron uzavřel s Fordem dlouhodobou dohodu o dodávkách paměťových a úložných řešení pro výrobu vozů nové generace. Firma zároveň rozšiřuje kapacity pro automobilové paměti.
BOISE, Idaho, July 06, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) and Ford Motor Company today announced a long-term Strategic Customer Agreement (SCA) to strengthen the supply of memory and storage solutions supporting Ford’s next-generation vehicle production.
Micron is increasing output of key automotive memory solutions with capacity expansions designed to support long product lifecycles and ensure sustained supply for critical production programs. These investments are part of Micron’s broader efforts to scale supply responsibly in line with accelerating global demand for memory and storage, supporting the broader automotive ecosystem and strengthening critical U.S. infrastructure.
This agreement is supported by Micron’s ongoing investments to expand and localize manufacturing for automotive customers, including its expansion of advanced DRAM production at its Manassas, Virginia fab.
“Producing the high-volume vehicles of the future in the U.S. will require a resilient supply chain,” said Jim Farley, President and CEO of Ford Motor Company. “We applaud Micron’s commitment to manufacturing in America, expanding its domestic production and investing in a skilled workforce.”
“We are proud to extend our collaboration with Ford to help ensure a reliable, long-term supply of memory and storage solutions,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “As vehicles become more intelligent and data-intensive, the importance of advanced memory and storage continues to grow, making collaboration and long-term supply increasingly important. Through supply assurance, deep technology collaboration, and continued investment in manufacturing capacity, we are helping enable consistent, long-term support for Ford’s next-generation vehicle production as demand for advanced memory continues to grow.”
This SCA is one of the 16 discussed on Micron’s fiscal third-quarter 2026 financial conference call.
About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the anticipated benefits of the Micron-Ford collaboration. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
Broadcom logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 6 (Reuters) - Broadcom (AVGO.O), opens new tab said on Monday it has agreed to expand its partnership with Apple (AAPL.O), opens new tab through 2031 to develop and supply custom chips, easing concerns over the iPhone maker's reliance on the chipmaker.
The chipmaker, whose shares jumped nearly 4% in premarket trading, has been supplying key components to Apple for a very long time, including radio frequency chips used in iPhones for connecting to cellular networks, Wi-Fi and Bluetooth connectivity chips and other networking semiconductors.
Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.
Apple accounts for about 20% of Broadcom's annual revenue, according to analysts, making it one of the chipmaker's largest customers. Despite developing its own chips, including the C1 modem, Apple relies on Broadcom for wireless and radio-frequency components.
The extended partnership reinforces Apple's strategy of locking in long-term supply agreements with key chipmakers to bolster the resilience of its supply chain.
The companies had in 2023 announced a multibillion-dollar agreement for Broadcom to develop and manufacture 5G radio frequency components.
The boom in inference - the process by which models respond to user queries - has made custom chips crucial, increasing the orders for advanced processors and intensifying competition.
Apple relies on Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, for its in-house processors, including the M-series chips that power its Mac computers and the A-series chips in iPhones.
TSMC has been stretched thin by surging demand from AI chipmakers such as Nvidia, which Apple CEO Tim Cook said in April had held back iPhone sales.
Apple is also in discussions with Intel (INTC.O), opens new tab to manufacture some chips in the U.S., though analysts have said volume production is unlikely before late 2027.
The company was forced to raise prices of its MacBooks and iPads in June as memory chip costs surged as much as 98% in early 2026, driven by AI datacenter demand.
Reporting by Akash Sriram and Anhata Rooprai in Bengaluru; Editing by Shinjini Ganguli and Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Akcie Air Products and Chemicals, Inc. za měsíc vzrostly o 13,5 % po odchodu z projektu Louisiana Clean Energy Complex a finalizaci dohody s Yara o marketingu a distribuci obnovitelného amoniaku z projektu NEOM Green Hydrogen Project v Saúdské Arábii.
Key Takeaways APD shares gained 13.5% in a month as portfolio actions boosted investor confidence.APD exited the Louisiana Clean Energy Complex after expected returns failed to meet its criteria. Air Products is finalizing an agreement with Yara to market renewable ammonia from the NEOM project. Air Products and Chemicals, Inc.’s (APD - Free Report) shares have gained 13.5% over the past month. The company has also outperformed the Zacks Chemicals Diversified industry’s decline of 2.2% over the same time frame. APD has also topped the S&P 500’s 0.5% rise over the same period.
Let’s dive into the factors behind APD stock’s price appreciation.
APD’s One-month Price Performance
Image Source: Zacks Investment Research
What’s Driving APD’s Stock?APD’s gains reflect its recent move to exit the Louisiana Clean Energy Complex (LCEC) project, as expected financial returns fail to meet its stringent return criteria. APD also said that it is finalizing a marketing and distribution agreement for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia with Yara International ASA.
Air Products also decided to discontinue its proposed zero-carbon liquid hydrogen plant in Casa Grande, AZ, along with several small-scale clean energy distribution projects. The move reflects challenging market conditions, project-specific economic hurdles and slower-than-anticipated growth in specific markets, especially hydrogen for mobility. The LCEC project exit and other portfolio actions are expected to result in pre-tax charges not exceeding $2.9 billion in APD's fiscal third quarter. APD plans to maximize the redeployment of certain assets to current or future projects.
These strategic actions to streamline the company's clean energy strategy and optimize its project portfolio removed a major investor overhang, driving the stock higher. The company's disciplined focus on portfolio optimization and higher-return opportunities has also strengthened investor confidence in its long-term growth prospects.
Air Products reaffirmed its commitment to expanding its presence in Louisiana, where it operates 18 industrial gas plants and the world's largest hydrogen pipeline network, supplying refinery customers across the U.S. Gulf Coast. Through its agreement with Yara, the company will also utilize Yara’s global supply chain to market and distribute renewable ammonia worldwide.
Meanwhile, Air Products remains focused on driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. The company also remains focused on improving pricing amid an inflationary environment.
Air Products is also taking action to right-size the organization through headcount reductions and expects these reductions to result in $250 million in annual cost savings once completed. It has already realized roughly $50 million in savings from headcount reduction, as divulged in its fiscal second quarter earnings call.
APD’s Zacks Rank & Other Key PicksAPD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are L.B. Foster Company (FSTR - Free Report) , Albemarle Corporation (ALB - Free Report) and Perimeter Solutions, Inc. (PRM - Free Report) . FSTR, ALB and PRM carry a Zacks Rank #1 (Strong Buy), each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. The Zacks Consensus Estimate for FSTR’s current-year earnings has been revised 6.1% higher over the past 60 days.
The consensus estimate for Albemarle’s current-year earnings is pegged at $12.98 per share, indicating a 1,743.2% year-over-year increase. ALB’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 54.1%.
The Zacks Consensus Estimate for Perimeter Solutions’ current-year earnings stands at $1.78 per share, implying a 32.8% year-over-year increase. The Zacks Consensus Estimate for PRM’s current-year earnings has been revised 21.1% higher over the past 60 days.
Strategy vykázala ve 2. čtvrtletí ztrátu 8,32 mld. USD z digitálních aktiv a prodala dalších 3 588 BTC, aby financovala dividendy a doplnila USD Reserve.
The Q2 LossAccording to a Form 8-K filed Monday, Strategy recorded an $8.32 billion loss on digital assets during the three months ended June 30 — including $8.31 billion in unrealized losses — as Bitcoin prices fell below the average cost basis of its holdings. As a result, Strategy will record a full valuation allowance against its deferred tax benefit and deferred tax asset associated with the unrealized loss, wiping those amounts out entirely for the quarter.
The filing also disclosed that Strategy sold Bitcoin during two separate periods last week. Between June 29 and June 30, the company sold 1,363 BTC for approximately $80.8 million at an average price of $59,256 per coin. Between July 1 and July 5, Strategy sold an additional 2,225 BTC for approximately $135.2 million at an average price of $60,773 per coin.
Both rounds of sales were used to fund preferred stock dividend payments and replenish the company’s USD Reserve. Strategy did not purchase any Bitcoin or repurchase any shares during the period.
Where Things StandAs of July 5, Strategy holds 843,775 BTC with an aggregate cost basis of about $63.69 billion, an average purchase price of $75,476 per coin. With Bitcoin trading around $60,000, the company is sitting on significant unrealized losses across its entire holdings. The USD Reserve stood at $2.55 billion as of July 5, with the full $1.25 billion in Board-authorized BTC monetization capacity still available.
Strategy Shares DeclineMSTR Price Action: At the time of publication, Strategy shares are trading 2.41% lower at $98.34, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
CoreCivic dokončil prodej dvou detenčních zařízení v Kalifornii za 1,5 miliardy USD. Čistý výnos po zdanění a nákladech se očekává kolem 1,1 miliardy USD.
BRENTWOOD, Tenn., July 06, 2026 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that on July 2nd, 2026, it completed the sale of its 2,560-bed California City Detention Facility in California City, California (the California City Facility) and its 1,994-bed Otay Mesa Detention Center in San Diego, California (the Otay Mesa Facility) to the United States of America and its assigns, by and through the Department of Homeland Security for an aggregate gross sales price of $1.5 billion, including $732.6 million for the California City Facility and $739.2 million for the Otay Mesa Facility. These two purpose-built facilities were specifically designed to care for individuals in a secure environment. After federal and state income taxes of approximately $0.4 billion and transaction expenses, the Company anticipates its net proceeds from the asset sales to be approximately $1.1 billion.
The Company expects to use a portion of the net proceeds from the asset sales to
Repay all or a portion of the outstanding indebtedness under the Company’s Bank Credit Facility, which currently has an outstanding balance of $270.0 million on the Revolving Credit Facility, $107.8 million on the Initial Term Loan, and $100.0 million on the Incremental Term Loan, and Repay the remaining outstanding balance of $238.5 million of the Company’s 4.75% senior notes, which are scheduled to mature in October 2027 (the 4.75% Notes).
The Company expects to use the remaining net proceeds for general corporate purposes, which may include additional debt repayments and share repurchases of the Company’s common stock. The credit agreement governing the Company’s Bank Credit Facility (the Credit Agreement) and the indenture (the 2029 Notes Indenture) governing the Company’s outstanding 8.25% senior notes due 2029 (the 8.25% Notes) limit our ability to make certain restricted payments, including share repurchases. However, the Company is permitted to make unlimited restricted payments (i) under the Credit Agreement, to the extent the Company’s consolidated secured leverage ratio (as defined therein) calculated on a pro forma basis after giving effect to such restricted payment would be equal to or less than 1.50 to 1.00 and no default exists thereunder, and (ii) under the 2029 Notes Indenture, to the extent the Company’s consolidated total leverage ratio (as defined therein) calculated on a pro forma basis after giving effect to such restricted payment would be equal to or less than 2.00 to 1.00.
The Company also expects to maintain balance sheet flexibility to pursue growth opportunities. These opportunities include, but are not limited to, potential acquisitions within the Company’s lines of business and those that provide complementary services provided such opportunities enhance the Company’s business, diversify the Company’s cash flows, and/or increase the services the Company offers to its customers, similar to the acquisition of Clinical Solutions Pharmacy completed on April 1, 2026.
The Company currently expects to continue to manage the California City Facility and the Otay Mesa Facility under the existing management contracts with Immigration & Customs Enforcement (ICE) related to each facility, although the terms of the management contracts may be modified to reflect the change in ownership. However, the Company can provide no assurance that it will continue to manage these facilities in the future, or that the terms of the existing management agreements will remain the same. As has always been the case, ICE has the ability to terminate the management contracts for non-appropriation of funds or for convenience. The management contract for the California City Facility expires in August 2027, and the management contract for the Otay Mesa Facility expires in December 2029 and contains a five-year extension option.
In addition to these asset sales, the Company has been in discussions with ICE about the potential acquisition of additional detention facilities from the Company. These discussions are in various stages, and the Company can provide no assurance that any additional sales will occur.
Patrick Swindle, CoreCivic's President and Chief Executive Officer, commented, "We are pleased with the sales of these two mission-critical facilities for the Company’s government partner, which demonstrates the value of the Company’s underlying real estate portfolio, while reflecting our role as a long-term, flexible solutions provider to government. The sale of these facilities at what we believe is a fair valuation provides the Company with significant balance sheet flexibility and positions us well to grow the Company’s businesses and return value to its shareholders, while remaining a dependable partner for government."
About CoreCivic
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that help build safer, healthier, and more productive communities one person at a time through residential corrections, detention, and reentry management, adjacent service offerings that include pharmaceutical, transportation, and alternatives to incarceration, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. CoreCivic has been a flexible and dependable partner for government for more than 40 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.
Forward-Looking Statements
This press release contains statements as to our beliefs and expectations of the outcome of future events that are "forward-looking" statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy, legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of our correctional and detention facilities by the federal government as a consequence of presidential executive orders, changes in how the federal government, including ICE, elects to use our detention capacity or otherwise procures alternative detention capacity, and the impact of any changes to immigration reform and sentencing laws (we do not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) our ability to successfully activate idle facilities in a timely manner in order to meet the growth in demand for our facilities and services from the federal government that has occurred as a result of changes in policies and actions of the current presidential administration, and to realize projected returns resulting therefrom; (v) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (vi) fluctuations in our operating results because of, among other things, changes in occupancy levels; competition; contract renegotiations or terminations; inflation and other increases in costs of operations, including a rise in labor costs; fluctuations in interest rates and risks of operations; (vii) government budget uncertainty, the impact of debt ceilings and government shutdowns, including partial shutdowns, and changing budget priorities; (viii) our ability to successfully identify and consummate future development and acquisition opportunities, integrate their operations, and realize projected returns resulting therefrom; (ix) the availability of debt and equity financing on terms that are favorable to us, or at all; and (x) the potential for additional sales and intended use of proceeds from the asset sales described in this press release. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission.
We take no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services, except as may be required by law.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, including the 4.75% Notes or the 8.25% Notes, nor shall it constitute a notice of redemption under the indenture governing the 4.75% Notes or the 2029 Notes Indenture, nor shall there be any offer, solicitation or sale of the 4.75% Notes, the 8.25% Notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Plug Power dokončil v Dánsku instalaci a uvedení 5MW elektrolyzéru GenEco do provozu, čímž areál přešel do aktivní výroby vodíku. Při plné kapacitě se očekává asi 550 metrických tun zeleného vodíku ročně.
Plug Power stock is holding steady today. What’s the outlook for PLUG shares? What Is Driving Plug Power’s Progress in Denmark?The latest spark is progress in Denmark, where the company completed installation, commissioning, site acceptance testing, and handover of a 5 MW GenEco PEM electrolyzer system at the Måde Power-to-X facility in Esbjerg, moving the site into active hydrogen production. At full capacity, Plug expects about 550 metric tons of green hydrogen per year (roughly 1,500 truckloads), with output certified as Renewable Fuel of Non-Biological Origin under the ISCC scheme.
That operational milestone is landing against a backdrop where the stock has recently shown sharp two-way trade, including a session where shares were down even after the Denmark handover, highlighting how quickly sentiment can flip in this tape.
Plug Power Stock: Key Technical Levels to WatchFrom a longer-term view, the stock is trying to hold a base just above the 200-day SMA at $2.62, which keeps the bigger-picture trend from breaking down further. But it’s still trading 5.6% below the 20-day SMA ($2.81) and 17.9% below the 50-day SMA ($3.23), a setup that often turns those faster averages into "sell zones" on rebounds.
Momentum is best framed by MACD right now: it’s below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing unless buyers can reclaim that baseline. In plain terms, MACD compares shorter- and longer-term momentum, and being below the signal line usually means the push higher is cooling.
The crossover picture stays split, with the 20-day SMA below the 50-day SMA (bearish near-term structure) while the September 2025 golden cross (50-day above 200-day) remains intact. Zooming out, the stock is still working inside a wide 52-week range between $1.35 and $4.58, with a recent swing low in April and swing high in June still framing the consolidation.
Key Resistance: $2.50 — a nearby round-number area where rebounds can stall How Plug Power Builds Its Green Hydrogen EcosystemPlug Power is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe.
That matters for the Denmark update because it’s an example of moving an electrolyzer project from "announced" to "operating," which is what investors tend to look for after a volatile year. Management has also been emphasizing a more repeatable, containerized design approach aimed at reducing on-site complexity and speeding time-to-production.
Plug has framed that "repeatable execution" push as a discipline lever, with CEO José Luis Crespo tying the containerized build approach to more controlled growth as the company works to convert project wins into running assets.
Plug Power Stock Price Movement During PremarketPLUG Stock Price Activity: Plug Power shares were up 0.73% at $2.66 during premarket trading on Monday, according to Benzinga Pro data.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Kratos rozšiřuje závod v Oklahoma City o více než 9 290 čtverečních metrů, aby zvýšil výrobu proudových dronů Valkyrie, Firejet a dalších systémů. Firma nyní vyrábí asi 165 vysokovýkonných proudových dronů ročně.
106,000 Square Foot Facility Expansion Reflects Increased Demand for Kratos Jet Drones and Kratos' Continued Investment in Strengthening the United States Defense Industrial Base Through Scalable, Efficient Manufacturing Capacity Capable of Producing Affordable, Mission-Ready Systems at Quantity and at Speed July 06, 2026 08:00 ET | Source: Kratos Defense & Security Solutions, Inc.
SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced a major expansion of its Oklahoma City manufacturing campus with the addition of over 100,000 square feet of manufacturing and production space. The expansion supports increasing customer demand for the company's family of high-performance, affordable jet-powered drone systems, including the Valkyrie collaborative combat aircraft, the Firejet/Mighty Hornet IV and others.
The facility expansion represents Kratos' continued investment in strengthening the United States defense industrial base through scalable, efficient manufacturing capacity capable of producing affordable, mission-ready systems at quantity and at speed. Today, Kratos produces approximately 165 high-performance jet drones annually, and this expansion will enable the company to further increase production to meet growing demand from the U.S. Department of War and allied customers.
"The future fight demands the ability to rapidly produce affordable, high-performance systems at scale," said Steve Fendley, President of Kratos Unmanned Systems Division. "This expansion in Oklahoma City reflects our long-term commitment to investing ahead of customer demand and building the industrial capacity needed to support the Department of War's modernization priorities. As autonomous systems become increasingly central to the future force, manufacturing readiness and producing at scale will be just as important as technology readiness, maybe more."
The expanded facility will provide additional manufacturing, assembly, integration and test capacity for multiple Kratos tactical jet aircraft programs.
Production will support Valkyrie, the affordable, runway-flexible collaborative combat aircraft selected by the U.S. Marine Corps as the foundation of its Collaborative Combat Aircraft (CCA) program of record. Designed to operate solo, in swarms, or alongside crewed aircraft while providing additional mass, reach and mission capability, Valkyrie represents a new generation of affordable autonomous airpower. The expanded facility will also manufacture the Mighty Hornet IV, which is expected to serve as a key tactical capability supporting Taiwan's defense requirements, reflecting growing international demand for affordable, high-performance unmanned systems.
The expanded facility will also support increased production capacity for Kratos' family of high-performance aerial target systems, including the Firejet. Kratos’ Firejet system supports realistic operational test, evaluation and weapons training across the U.S. military and allied nations, with demand for advanced target capabilities continuing to grow, including for the test and training of missile, radar, air defense, C-UAS and directed energy weapon systems, and their crews.
Kratos has consistently invested in manufacturing infrastructure, production technologies, and workforce development to ensure the company can deliver affordable systems at the pace and scale required by evolving national security needs. The Oklahoma City expansion is the latest in a series of investments focused on expanding domestic production capacity and strengthening the resilience of the U.S. defense industrial base.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-06 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,960,935, or approximately at 2026-07-06 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-06
TransMedics dokončila strategickou investici do německé PAD Aviation, aby v Evropě vybudovala vyhrazenou síť letecké a pozemní logistiky pro transplantace orgánů.
Strategic investment in Germany-based PAD Aviation, a premier European private aviation operator, lays the foundation for TransMedics to establish a dedicated organ transplantation air logistics network across Europe
, /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced the closing of its strategic investment in PAD Aviation, a premier Germany-based private aviation operator.
The investment in PAD Aviation is a critical step forward for TransMedics' ongoing efforts to replicate the OCS NOP model in Europe to expand the adoption of the OCS perfusion technology and establish a dedicated pan-European organ transplant air and ground logistics network to support transplant activities across the European Union. "We are thrilled to partner with the PAD Aviation team and to welcome them to our TransMedics family. Together, we can create a significant opportunity to increase the utilization of precious donor organs to save more European transplant patients," said Waleed Hassanein, M.D., President and Chief Executive Officer of TransMedics.
About PAD Aviation service GmbH
Founded in 2006, PAD Aviation is a leading European business aviation operator, independent of commercial airlines. The company operates from its 24/7 hub in Paderborn, Germany, offering maximum flexibility—particularly for time-critical missions such as organ transport. From its centrally located base, PAD Aviation's aircraft can rapidly reach destinations across Europe. The company operates a modern fleet, including nine Embraer Phenom 300 aircraft, and employs more than 40 highly trained and type-rated pilots. PAD Aviation holds a valid EASA Air Operator Certificate (AOC).
About TransMedics Group, Inc.
TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.
Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements address various matters, including, among other things, the anticipated benefits of the strategic investment, including the establishment of a dedicated pan-European air and ground logistics network to support transplant activities across the European Union; our strategy of replicating our U.S. NOP model in Europe; and our efforts to expand the adoption of the OCS technology and increase utilization of donor organs in Europe; [1]. For this purpose, all statements other than statements of historical facts are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "could," "target," "predict," "seek" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties. Management cannot predict all risks, nor can we assess the impact of all factors or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in or implied by any forward-looking statements we may make. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated in or implied by the forward-looking statements. Some of the key factors that could cause actual results to differ include: risks and uncertainties related to the strategic investment in PAD Aviation; the effects of the transaction (or the announcement thereof) on relationships with associates, customers, manufacturers, suppliers, employees, other business partners or governmental entities; transaction costs; the risk that the transaction will divert management's attention from our ongoing business operations or otherwise disrupts our ongoing business operations; risks related to the ability to integrate PAD Aviation with TransMedics, including retaining key employees; risks related to operating an aviation business; risks related to the ability to further grow and enhance the National OCS Program; and other factors described in our filings with the Securities and Exchange Commission (the "SEC"), including under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 24, 2026, and comparable disclosure in our subsequent filings with the SEC. The forward-looking statements in this press release speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and we are not able to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.
Investor Contact:
Brian Johnston
Gilmartin Group
[email protected]
BWXT dokončila akvizici Precision Components Group a rozšířila svou výrobní kapacitu v USA pro jaderné komponenty. Přidává více než 500 000 čtverečních stop kapacity a přes 450 zaměstnanců.
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today that it has successfully completed its previously announced acquisition of Precision Components Group, LLC (PCG), including its subsidiaries Precision Custom Components (PCC) and DC Fabricators (DCF). PCG is a U.S. manufacturer of complex, heavy-walled and heat-transfer components. The acquisition expands BWXT’s heavy-manufacturing footprint and enhances the company’s ability to deliver U.S.-made nuclear components for the commercial sector.
“Growing demand for reliable, carbon-free energy underscores the urgent need to strengthen the U.S. nuclear manufacturing base,” said John MacQuarrie, BWXT president for Commercial Operations.
Share“Growing demand for reliable, carbon-free energy underscores the urgent need to strengthen the U.S. nuclear manufacturing base,” said John MacQuarrie, BWXT president for Commercial Operations. “By expanding our manufacturing capabilities, we can better support reactor life-extension programs, new build activity and the long-term energy reliability our communities depend on.”
PCG joins BWXT’s Commercial Operations segment and will continue operating at its current facilities in York, Pennsylvania, and Florence, New Jersey. The acquisition adds more than 500,000 square feet of U.S. heavy-manufacturing capacity, including large-envelope machining, heavy weldments, pressure vessels, heat exchangers and ASME-certified component fabrication, and a skilled workforce of over 450 employees.
In addition to expanding commercial nuclear capacity, PCG will continue supporting existing workscopes, including components and services for Electric Boat, Bechtel Plant Machinery, Inc. and other U.S. Navy programs.
Forward-Looking Statements
BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to the acquisition of Precision Components Group, LLC, including its subsidiaries Precision Custom Components, LLC, and DC Fabricators, Inc.; anticipated benefits of the acquisition; and future demand for commercial nuclear manufacturing services. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, the ability to successfully integrate the acquired businesses; changes in market demand or government policy; and supply-chain, labor or cost pressures. If one or more of these or other risks materialize, actual results may differ materially from those expressed or implied by the forward-looking statements.
For a more complete discussion of these and other risk factors, please see BWXT’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except as required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with approximately 10,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 17 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian governments at more than two dozen additional locations.
For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.
Marvell Technology vzrostla za tři měsíce o 129 % poté, co Jensen Huang řekl, že by mohla být další společností s valuací 1 bilion USD. Firma těží z poptávky po AI infrastruktuře, ale po růstu je drahá.
Marvell Technology (MRVL 9.84%) stock has witnessed a phenomenal surge lately, rising an incredible 129% over the past three months, as investors have taken cognizance of the company's growing prominence in the artificial intelligence (AI) infrastructure space.
Marvell stock got a big boost recently after Nvidia CEO Jensen Huang remarked that the chip designer could be the next one to join the trillion-dollar market cap club. Investors, however, may be wondering if it is a good idea to buy this semiconductor stock following its parabolic jump.
Let's take a closer look at Marvell's business and see if it can indeed live up to Huang's prophecy and become a multibagger in the future.
Image source: The Motley Fool.
Marvell Technology is capitalizing on two sizzling growth opportunities in AI infrastructure Marvell designs custom chips, known as application-specific integrated circuits (ASICs), to perform specific tasks. These custom chips have witnessed a phenomenal surge in demand due to their deployment in AI data centers. Goldman Sachs estimates that custom ASIC shipments could equal sales of graphics processing units (GPUs) by next year.
Today's Change
(
-9.84
%) $
-26.76
Current Price
$
245.29
That's not surprising, as custom ASICs are ideal for running AI inference workloads since they are designed to perform specific tasks. As a result, these chips are not as complex as general-purpose computing chips like GPUs, and they can perform the specific task they are designed for more efficiently.
Hyperscalers and AI companies have been ramping up the deployment of custom ASICs. Marvell noted in May that its custom chip revenue could more than double in the next fiscal year, driven by both new and existing customers. For comparison, the company anticipates its custom ASIC revenue will increase by just 20% in the current fiscal year.
Importantly, this isn't the only AI infrastructure opportunity powering Marvell's growth. The company also sells optical networking products, the demand for which is substantially outpacing supply. Optical networking is emerging as a key bottleneck in AI data centers, as it helps transport large data sets quickly across AI data centers and chip clusters, so that accelerators such as GPUs and ASICs don't sit idle.
In fact, Goldman Sachs is expecting a whopping 9x increase in sales of optical networking components in just two years. That's the reason why Marvell's data center interconnect and switching business is growing rapidly. The company expects a 70% increase in its interconnect business this year, while the switching business is anticipated to generate $1 billion in revenue in fiscal 2028, up from $600 million this year.
These healthy growth rates explain why analysts have been raising their earnings expectations from Marvell.
Data by YCharts
The company's earnings are projected to increase by 43% in the current fiscal year, and the chart above clearly suggests it is on track to sustain strong growth over the next couple of years. What's worth noting is that Marvell sees its data center total addressable market (TAM) reaching $94 billion in 2028, driven by growing demand for custom chips, switching, and interconnect solutions.
The company believes it can capture 20% of this market in 2028, translating into almost $19 billion in data center revenue. That will be more than 3x Marvell's fiscal 2026 data center revenue of $6.1 billion. However, Marvell may be underestimating its potential opportunity. Goldman Sachs notes that the optical networking market could reach a whopping $154 billion due to AI.
Market research provider Oplexa Insights estimates that the custom AI market could generate a massive $600 billion in revenue in 2033. As a result, Marvell could sustain its outstanding growth rates for a long time to come, powered by the huge investments in AI data centers.
The stock has become expensive following its parabolic jump Marvell trades at a significant premium right now. It has a trailing earnings multiple of 94. The forward earnings multiple of 67, though lower, is still on the expensive side. Meanwhile, its price-to-sales ratio of 27 isn't cheap either.
However, Nvidia CEO Jensen Huang's prediction suggests the stock could jump almost 5x from current levels, given its $215 billion market cap as of this writing. To achieve that, Marvell will have to keep growing at a tremendous pace over the coming years. The good news is that the company seems capable of doing so, given the huge addressable opportunity it is sitting on.
Also, the market share gains Marvell is projecting from its expanding clientele could eventually justify its valuation and allow it to soar higher. That's why growth-oriented investors with a strong risk appetite can consider buying this AI stock following its recent surge. In contrast, those seeking a cheaper custom AI chip and networking play can consider this name to capitalize on this fast-growing AI infrastructure niche.
Prestige Consumer Healthcare dokončila akvizici LaCorium Health za přibližně 150 milionů USD a zároveň emitovala senior notes v objemu 400 milionů USD. Výsledky za 1. čtvrtletí fiskálního roku 2027 zveřejní 6. srpna.
TARRYTOWN, N.Y., July 06, 2026 (GLOBE NEWSWIRE) -- Prestige Consumer Healthcare Inc. (NYSE:PBH) (“Prestige”) today announced that it has closed the previously announced acquisition of LaCorium Health (“LaCorium”), priced a private offering of $400 million in senior notes, and will report its first quarter fiscal 2027 results on August 6, 2026.
Completion of LaCorium Health Acquisition
The Company completed the acquisition on July 1, 2026. The closing was finalized pursuant to the terms of the definitive agreement announced on May 13, 2026, under which Prestige agreed to acquire LaCorium for approximately $150 million in cash. The Company financed the transaction with cash on hand and existing credit facilities.
Founded in Australia and introduced in 1998, LaCorium is a leader in Australian therapeutic skin care designed to treat individual skin ailments. Products are sold under the Dermal Therapy®, Flexitol®, and Crampeze® brands in need-state categories such as lip care (cold sores), skin care (eczema & acne), foot care (heel balm, antifungal), hair & scalp (eczema), and more. Approximately 75% of LaCorium’s sales are generated in Australia, where the brand holds the #1 market position in lip care and the #3 position in foot care.
LaCorium generates approximately $40 million in revenue annually and is expected to generate approximately $12 million in EBITDA, including the benefits from anticipated synergies, once the business is fully integrated. The Company expects LaCorium to deliver strong long-term revenue growth, supported by category growth, innovation, and continued geographic expansion.
Pricing of Senior Notes Offering
Prestige has also priced an offering of $400 million in aggregate principal amount of 6.25% senior notes due 2034 (the “notes”) in a private offering. The sale of the notes is expected to be completed on or about July 15, 2026, subject to customary closing conditions. The notes will be senior unsecured obligations of Prestige Brands, Inc. and will be guaranteed by the Company and certain of its domestic subsidiaries. The Company intends to use the net proceeds from the offering, together with cash on hand, to redeem all $400 million of Prestige’s’ outstanding 5.125% Senior Notes due January 2028, and to pay related fees and expenses. The change in interest expense is contemplated in Prestige’s medium-term outlook provided on May 13, 2026.
The notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees. Any offers of the notes and related guarantees will be made only by means of a private offering memorandum. The notes and related guarantees have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
First Quarter Fiscal 2027 Earnings Call
The Company will issue its fiscal 2027 first quarter earnings release on Thursday, August 6, 2026 before the market open. The Company will host a conference call to discuss the results that same morning at 8:30 a.m. ET.
To participate in the live Internet webcast of the conference call, it can be accessed from the Investor Relations page of www.prestigeconsumerhealthcare.com. To participate in the conference call via phone, participants may register for the call here to receive dial-in details and a unique pin. While not required, it is recommended to join 10 minutes prior to the event start.
A conference call replay will be available for approximately one week following completion of the live call and can be accessed on the Company’s Investor Relations page.
About Prestige Consumer Healthcare Inc.
Prestige Consumer Healthcare markets, sells, manufactures and distributes consumer healthcare products to retail outlets throughout the U.S. and Canada, Australia, and in certain other international markets. The Company’s diverse portfolio of brands include Breathe Right® nasal strips, Monistat® and Summer’s Eve® women's health products, BC® and Goody's® pain relievers, Clear Eyes® and TheraTears® eye care products, DenTek® specialty oral care products, Dramamine® motion sickness treatments, Fleet® enemas and glycerin suppositories, Chloraseptic® and Luden's® sore throat treatments and drops, Compound W® wart treatments, Little Remedies® pediatric over-the-counter products, Boudreaux’s Butt Paste® diaper rash ointments, Nix® lice treatment, Debrox® earwax remover, Gaviscon® antacid in Canada, and Hydralyte® rehydration products and the Fess® line of nasal and sinus care products in Australia. Visit the Company's website at www.prestigeconsumerhealthcare.com.
Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” generally can be identified by the use of forward-looking terminology such as “expected,” “will,” and “intends” (or the negative or other derivatives of each of these terms) or similar terminology. The “forward-looking statements” include, without limitation, statements regarding the Company’s expectations regarding the completion of the sale of the notes and the redemption of the 2028 notes. These statements are based on management’s estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those expected as a result of a variety of factors, including general economic and business conditions. A discussion of other factors that could cause results to vary is included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026 and other periodic reports filed with the Securities and Exchange Commission.
Investor Relations Contact
Phil Terpolilli, CFA, 914-524-6819 [email protected]
HII přidala Halimar Shipyard do výrobní sítě ROMULUS USV, aby urychlila sériovou produkci modelu ROMULUS 151. Halimar bude stavět kompletní lodě a podpoří kapacitu pro poptávku ze strany U.S. Navy i spojenců.
MCLEAN, Va., July 06, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and a global leader in autonomous maritime systems, announced today that Halimar Shipyard of Morgan City, Louisiana, has joined the company’s growing network of strategic industrial partners supporting serial production of HII’s ROMULUS unmanned surface vessel (USV) family.
With extensive experience in commercial and government vessel construction, Halimar brings a highly skilled workforce, modern facilities, and proven production processes that will directly support full-rate manufacturing of the ROMULUS 151 platform.
Under the partnership, Halimar will construct complete ROMULUS 151 vessels and support serial production in collaboration with Breaux Brothers Enterprises in Louisiana, where five ROMULUS 151 vessels are currently under construction.
The partnership will help accelerate production schedules, expand capacity, and support growing demand from the U.S. Navy and allied maritime forces for autonomous unmanned maritime capabilities.
“Our partnership with Halimar Shipyard represents another important step in building the industrial capacity needed to deliver autonomous maritime capability at scale,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “Halimar’s proven shipbuilding expertise, skilled workforce, and strategic Gulf Coast location strengthen our ability to accelerate production, improve supply chain resilience, and provide affordable, mission-ready autonomous systems.”
A photo accompanying this release is available at: https://www.hii.com/news/hii-adds-halimar-shipyard-to-romulus-usv-production-network
“We are proud to partner with HII on the ROMULUS program and contribute to the future of autonomous maritime operations,” said William Hidalgo Jr, executive vice president and chief operating officer, Halimar Shipyard. “Our team has decades of experience building high-quality vessels, and we look forward to applying that expertise to help deliver reliable, scalable production capacity that supports evolving mission needs.”
The addition of Halimar Shipyard provides several key advantages to the ROMULUS production team:
Scalable Manufacturing Capacity
Halimar’s facilities provide an established and expandable production foundation capable of producing complete ROMULUS 151 vessels while increasing output as unmanned surface vessel demand grows.
Long-Term Strategic Partnership
As a core member of the ROMULUS production team, Halimar is collaborating closely on vessel construction, manufacturing integration, and production readiness to support delivery of an affordable, reliable, and producible autonomous maritime solution.
Distributed Shipbuilding Model
Expanding HII’s Gulf Coast manufacturing footprint strengthens supply chain resilience, increases surge capacity, and supports efficient execution of the ROMULUS production schedule through multiple production locations.
The partnership with Halimar Shipyard expands HII’s distributed manufacturing, which brings together specialized shipbuilders, fabricators, designers, and technology providers to accelerate delivery of autonomous maritime capability at scale.
Working with Halimar, Breaux Brothers Enterprises, Bayou Metals, and additional strategic partners, HII is reducing lead times, streamlining fabrication, and advancing major assembly work ahead of final integration. This approach enhances throughput, supports consistent, repeatable production, and enables efficient serial delivery of ROMULUS vessels across multiple shipyards.
The ROMULUS program also benefits from the expertise of internationally recognized design and engineering partners such as Sydney-based Incat Crowther. The integration of Incat Crowther into the ROMULUS initiative exemplifies how trusted international partners strengthen the global defense ecosystem through high-performance vessel design, engineering agility, and regional expertise. Their contributions help ensure that ROMULUS platforms combine advanced operational capability with manufacturability, scalability, and lifecycle efficiency.
Collectively, these efforts strengthen the U.S. shipbuilding industrial base by expanding regional manufacturing capacity, creating new opportunities to grow and sustain a skilled workforce, and establishing a resilient production network capable of supporting future autonomous fleet requirements.
ROMULUS USV: Built for Scale and Mission Flexibility
ROMULUS is a modular family of AI-enabled unmanned surface vessels designed to support a broad range of missions, including intelligence, surveillance, and reconnaissance (ISR); mine countermeasures; strike operations; counter-unmanned systems; and the launch and recovery of unmanned underwater and aerial vehicles.
Engineered for serial, repeatable production, ROMULUS combines endurance, global reach, and modular adaptability. The platform’s common manufacturing architecture and autonomy baseline enable scalability across multiple vessel sizes while reducing production complexity and accelerating fleet fielding. Supported by a growing network of production partners across the Gulf Coast and beyond, ROMULUS is designed not only as a highly capable autonomous platform, but as a scalable maritime manufacturing program capable of delivering operational capability at the pace required by modern naval forces.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
LibertyStream zprovoznila plně automatizovaný systém Gen 6 v Freedom Launchpad, který podporuje těžbu lithia a výrobu lithium karbonátu. Zároveň pokračuje příprava první komerční linky Freedom 1 s kapacitou 1 000 tun ročně.
System supports lithium extraction, sample production, and operating-team training while Company prepares first 1,000 tpa commercial-scale plant
DALLAS--(BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has commissioned its fully automated Gen 6 extraction system at Freedom Launchpad, the Company’s training and customer-sample production platform at its first deployment site.
The process is not being changed for scale-up. The Company expects the commercial-scale design to use the same core process architecture, with larger carousels holding additional extraction modules to support increased throughput.
Share The Gen 6 system is operating as expected and is now supporting lithium extraction and lithium carbonate production at the site. The system is designed around a 5,000 barrel-per-day processing basis and advances LibertyStream’s repeatable template for critical mineral recovery from existing U.S. oil and gas water-handling infrastructure.
Freedom Launchpad is where LibertyStream is producing lithium carbonate, preparing customer samples, training operators, capturing process data, and refining the operating playbook. Freedom 1, located at the same site, is the Company’s first 1,000 tonne-per-annum commercial-scale plant, previously referred to as Facility 1.
“Commissioning the fully automated Gen 6 system is an important execution milestone,” said Alex Wylie, President & CEO of LibertyStream. “We have moved from field learning, manual operation, and customer sample production into an automated system that reflects the architecture we intend to scale. Our focus remains disciplined: produce, qualify, train, build, and deploy.”
Automated Platform, Field-Learned Process
The fully automated Gen 6 system incorporates programmable logic controls and real-time monitoring across key operating variables, including temperature, pressure, flow rates, pH, and conductivity.
The system uses automation to streamline operations, strengthen operating consistency, and capture process data as LibertyStream advances customer samples, product qualification, operating-team training, and Freedom 1 readiness.
This commissioning milestone builds on the Company’s prior Gen 6 field work, which incorporated 21 months of operations, more than 400,000 barrels of processed brine, and over 2,500 operating tests. The Gen 6 configuration also reduced cycle time to approximately 20 minutes, compared with approximately 60 minutes under the Gen 5 configuration.
Over the past several months, LibertyStream’s operations, engineering, and chemistry teams have operated and refined the Gen 6 process while training at Freedom Launchpad. That hands-on operating period was intentional. It allowed the team to develop process familiarity, troubleshoot in real time, and build operating knowledge across the extraction sequence.
The newly commissioned automated Gen 6 system transfers that field experience into a programmable operating platform. The process is not being changed for scale-up. The Company expects the commercial-scale design to use the same core process architecture, with larger carousels holding additional extraction modules to support increased throughput.
From Freedom Launchpad to Freedom 1
LibertyStream has already produced lithium carbonate at its first deployment site, delivered product for customer evaluation, and announced a long-term offtake milestone for 600 tonnes per year of planned lithium carbonate supply beginning in 2027.
The automated Gen 6 system is expected to support continued production, larger-format customer samples, product qualification, performance data capture, operating-team development, and Freedom 1 readiness.
Freedom 1 is being developed as the Company’s first commercial-scale installation under its agreement with Select Water Solutions. As previously disclosed, the Stage 1 facility is designed for 1,000 tonnes per annum of lithium carbonate production and is targeted for commissioning by the end of December 2026.
Visible Progress at Freedom 1
Site preparation for Freedom 1 is advancing.
The Company has cleared and leveled the installation area and is preparing for concrete work to support receipt of commercial-scale equipment expected in late Q3 and early Q4 2026.
This work is part of LibertyStream’s broader execution plan to move from Freedom Launchpad into a repeatable commercial template. The objective is not a single installation. The objective is a scalable model for recovering critical minerals from large water streams already moving through established U.S. energy infrastructure.
Lithium carbonate is LibertyStream’s first product focus. The broader platform is designed around technology-led critical mineral recovery from existing oil and gas water-handling infrastructure. The Company expects to provide further updates as the automated Gen 6 system continues operating and as performance data, customer sample activity, Freedom 1 preparation, and commercial-scale equipment deployment advance.
About LibertyStream Infrastructure Partners
LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://LibertyStream.com/.
Forward-Looking Information
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively referred to herein as “forward-looking information”). When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “will”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking information. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, the Company’s expectations with respect to finalizing the definitive Offtake Agreement and the consulting agreement and the timing thereof; the anticipated services to be provided in the consulting agreement and the issuance of restricted share units to the consultant; the anticipated benefits of the Offtake Agreement; the Company’s expectations with respect to Facility 1 and the integration of the Company’s platform with existing oilfield water infrastructure; the Company’s expectations with respect to all-in operating costs of a 1,000-tonne-per-annum facility; the Company’s planned commercial configuration for Facility 1; the expectation that Facility 1 will generate standalone positive operating cash flow; the ability of the results from pre-commercial operations to date to create meaningful shareholder value and the Company’s ability to secure long-term commercial contracts; and the benefits of the Company’s proprietary DLE technology including the anticipated reduction of capital costs associated with lithium carbonate extraction from oilfield brine by the use of existing oil and gas infrastructure and the support of clean energy transition efforts caused by the deploy of the Company’s proprietary DLE technology. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including the risk that the timing of launching full-scale operations may be delayed or not occur at all; the risk that the Company is not able to secure appropriate partnerships, customers, and offtake agreements, including entering into the definitive Offtake Agreement based on the non-binding term sheet with the Offtake Partner, on terms acceptable to the Company or at all; the risk that the Company cannot achieve full commercial-scale operations on the timeline currently anticipated or at all; the risk that the Company’s anticipated all-in operating costs will be higher than expected; the risk that the assumptions of management in calculating the anticipated all-in operating costs are not complete or may change through the course of the Company’s ongoing business activities; the risk that management’s expectations and assumptions related to generating standalone positive cash flow are not complete or may change through the course of the Company’s ongoing business activities; the risk that the DLE technology cannot be scaled on a commercial basis as currently anticipated by the Company or at all; the risk that the anticipated near-term strategy may not be executed as currently anticipated; and, generally, those known risk factors outlined in the Company’s Management’s Discussion and Analysis for the year ended December 31, 2025, the Company’s Management’s Discussion and Analysis for the three months ended March 31, 2026 and the Company’s annual information form for the year ended December 31, 2024. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
More News From LibertyStream Infrastructure Partners Inc.
Vishay Intertechnology oznámila, že její 2,25% konvertibilní senior notes splatné v roce 2030 jsou od 5. července do 3. října 2026 konvertibilní. Konverzní cena je zhruba 30,16 USD za akcii.
July 06, 2026 08:15 ET | Source: Vishay Intertechnology, Inc.
MALVERN, Pa., July 06, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today notified holders of its 2.25% convertible senior notes due 2030 (the "Notes") that the Notes are convertible, at the option of the holders (the "Conversion Option"), beginning July 5, 2026 and ending at the close of business on October 3, 2026. The Notes are convertible into cash, up to the aggregate principal amount of the Notes, and in cash, shares of the Company's common stock or a combination thereof, at the Company's election, in respect of the remainder, if any, of the Company's conversion obligation in excess of the aggregate principal amount of the Notes being converted. Any determination regarding the convertibility of the Notes during future periods will be made in accordance with the terms of the Indenture governing the Notes.
The Notes became convertible as a result of the last reported sale price of shares of the Company's common stock, for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days (including the last trading day of such period) ending on, and including, the last trading day of the fiscal quarter ended July 4, 2026, was greater than 130% of the conversion price in effect on each applicable trading day.
The Notes are convertible at a conversion rate of 33.1609 shares of common stock per $1,000 principal amount of Notes, which is equivalent to a conversion price of approximately $30.16 per share of common stock.
The Company has issued a notice to holders with respect to the Conversion Option specifying the applicable terms, conditions and procedures. The notice is available through HSBC Bank USA, National Association or by requesting a copy from HSBC Bank USA, National Association, which is serving as the conversion agent, at:
HSBC Bank USA, National Association
Attention: CTLANY Client Service Delivery Team / Vishay Intertechnology, Inc.
66 Hudson Blvd East, 545W9
New York, NY 10001
None of the Company, its Board of Directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Conversion Option.
This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.
Forward-Looking Statements
Statements contained herein that relate to the Company's future cash dividends on its common stock and Class B common stock are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as “to be,” "will be," or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand due to political, economic, and health instability and military conflicts and hostilities; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The DNA of tech® is a trademark of Vishay Intertechnology.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300
Victory Capital vykázala v 1Q26 výnosy meziročně o 77 % vyšší a upravenou EBITDA o 75 % díky růstu AUM a akvizicím včetně Pioneer. Marže poplatků zůstaly stabilní i přes tlak v odvětví.
SummaryVictory Capital Holdings is rated 'Buy', driven by strong earnings, robust AUM growth, and successful integration of acquisitions like Pioneer.VCTR's strategy leverages M&A and ETF product expansion, supporting revenue, EBITDA, and EPS growth above sector and historical averages.1Q26 results exceeded expectations: revenue +77% yoy, adjusted EBITDA +75% yoy, and stable fee rates amid industry-wide compression.Healthy leverage, consistent dividends, and active share repurchases provide downside support while valuation remains below recent peaks.Marcio Silva/iStock Editorial via Getty Images
Summary Victory Capital Holdings' (VCTR) stock is +37% YTD, driven by stronger-than-expected earnings from a growing ETF segment in addition to higher AUM and earnings from recent acquisitions such as Pioneer. VCTR has a clear strategy to
71 Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Ceva uzavřela zásadní licenční dohodu s velkou americkou softwarovou a AI platformní firmou, která pro svůj vlastní AI čip používá NPU NeuPro-M. Dohoda míří na zařízení nové generace a rozšiřuje působení Cevy mimo tradiční výrobce čipů.
NeuPro-M chosen as NPU IP foundation for custom AI silicon program, enabling OS-to-silicon optimization for next-generation intelligent computing devices
, /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced a landmark AI licensing deal with a major U.S. software and AI platform company for a custom AI silicon program targeting next-generation intelligent computing devices. The agreement extends Ceva's customer base beyond traditional semiconductor companies and device OEMs to include software platform companies that are increasingly designing custom silicon to optimize performance, power and area (PPA) and the overall user experience.
Ceva's NeuPro-M neural processing unit (NPU) has been licensed by a major U.S. software and AI platform company for a custom AI silicon program. NeuPro-M provides scalable AI acceleration for advanced on-device inference, enabling power-efficient execution of generative AI, multimodal AI and other AI workloads in next-generation intelligent computing devices. "The decision by one of the industry's leading software and AI platform companies to build custom AI silicon on NeuPro-M reflects a broader shift toward AI-first computing architectures," said Amir Panush, Chief Executive Officer of Ceva. "Intelligent devices are increasingly expected to sense, reason and act locally, driving demand for AI acceleration that delivers high performance within strict power and thermal constraints. As AI workloads become increasingly distributed across cloud and edge devices, platform companies are optimizing the entire stack, from silicon and software frameworks to operating system integration and user experience. We view this as one of the most strategically significant AI licensing agreements in Ceva's history, reflecting the growing role of AI acceleration in shaping the future of computing."
Leading technology platform companies increasingly recognize that custom AI silicon is essential to optimize performance, power efficiency and full-stack control at scale. For companies that own both the operating system and the hardware platform, co-designing silicon and software creates a decisive advantage: tighter OS-to-silicon optimization enables greater performance and power efficiency that off-the-shelf processors cannot deliver, particularly in portable edge computing devices where thermal and battery constraints are unforgiving. Just as CPUs defined general-purpose computing and GPUs accelerated graphics and parallel workloads, AI acceleration is emerging as a third foundational layer of the computing stack, driving a new generation of custom inference silicon and positioning NPUs as a core architectural element of future intelligent computing platforms.
The customer selected NeuPro-M to provide scalable, power-efficient AI acceleration for advanced on-device inference workloads. The architecture enables efficient execution of generative AI, multimodal AI, emerging agentic AI workloads and other machine learning applications while operating within the power, area and thermal constraints of intelligent edge computing devices. NeuPro-M enables customers to integrate advanced AI capabilities directly into custom silicon architectures, providing the flexibility to co-optimize performance, power efficiency and user experience across the full hardware and software stack. As part of the program, Ceva collaborated closely with the customer to implement advanced neural network optimizations tailored to its target AI workloads, further improving inference efficiency and performance.
About NeuPro
Ceva's NeuPro family of AI NPUs delivers scalable AI acceleration from ultra-low-power embedded devices to advanced intelligent computing platforms. Together with Ceva's industry-leading wireless connectivity, sensing and AI technologies, NeuPro forms a core pillar of the company's Physical AI strategy, enabling devices that Connect, Sense and Infer. Today, more than 2 billion devices incorporating Ceva technologies ship annually across consumer electronics, automotive, industrial IoT and mobile markets, with NeuPro licensing momentum continuing to expand across consumer, industrial, automotive, infrastructure and computing applications.
NeuPro-M IP is available for licensing. For more information, visit https://www.ceva-ip.com/product/ceva-neupro-m/.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 21 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
Redwire oznámila program prodeje akcií až za 500 milionů USD, což vyvolalo silný výprodej kvůli ředění podílu akcionářů. Akcie pak dál klesaly i v červenci.
Redwire (RDW 5.51%) stock got crushed in last month's trading, falling 50.2% across the stretch. Over the same period, the S&P 500 and the Nasdaq Composite fell 1.1% and 2.8%,respectively.
Redwire stock saw huge sell-offs last month after the company announced a major new fundraising move. Its valuation rapidly moved lower amid valuation trends for space stocks connected to the initial public offering (IPO) of Space Exploration Technologies. Defense stocks also generally saw weak trading last month.
Image source: Getty Images.
June was a brutal month for Redwire shareholders On June 9, Redwire published a press release announcing a new at-the-market stock sale program that will allow the company to raise up to $500 million through sales of its common stock. The fundraising move will have a significant dilutive impact for shareholders. With newly created shares entering the market, each existing share comes to represent a smaller piece of the overall whole. The upside is that it will provide the company with substantial operating capital, but investors may have viewed it as a sign that the company viewed its stock as richly valued in addition to dilution-related concerns.
SpaceX's IPO also had a substantial negative impact on Redwire stock. Space stocks have generally been hot over the last year, and the months leading up to SpaceX's IPO on June 12 saw many players in the industry post huge valuation gains -- but that trend reversed last month. While some investors may have been worried that SpaceX finally hitting the market would take some of the hype and excitement away from stocks in the category, others sold positions in other space stocks in order to fund their positions in SpaceX after it went public.
Today's Change
(
-5.51
%) $
-0.66
Current Price
$
11.31
While the stock got crushed in June, there was actually some good news from the company. On June 4, the company announced that it had won a contract with biotech specialist Astrobiome Space to grow strawberries on the International Space Station and test Astriobiome's soil enhancement product. On June 30, the company announced that it had won a contract with Taiwan Color Optics to provide its Penguin Mk2.5 vertical-take-off-and-landing (VTOL) craft to the Taiwanese Coast Guard.
Here's why Redwire is still falling in July Coming on the heels of last month's precipitous valuation decline, Redwire stock has continued to fall in July. As of this writing, the stock is down roughly 7.5% in the month's trading.
While there hasn't been any fresh bad news for the company, some space-tech stocks have continued to lose ground. With the S&P 500 down roughly 0.2% in the month so far and the Nasdaq Composite down roughly 1.5%, there's also been some broader movement out of speculative growth stocks. Redwire's big sell-offs don't mean that the stock won't be able to recover, but investors clearly aren't thrilled with the at-the-market stock program and the company's perceived near-term return potential compared to other space stocks.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
BP prodává svůj 37,2% podíl v projektu Bay du Nord v Kanadě partnerovi Equinor, který se stane jediným vlastníkem. BP tak dál přeskupuje portfolio směrem k výnosnějším projektům.
Item 1 of 2 Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw
[1/2]Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw Purchase Licensing Rights, opens new tab
SummaryCompaniesSale is part of BP portfolio simplificationMore than 400 million barrels of oil expected from first phaseDevelopment investment estimated at about $9.8 billionLONDON, July 6 (Reuters) - BP (BP.L), opens new tab has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner Equinor (EQNR.OL), opens new tab as the British energy major sharpens its focus on higher-return opportunities.
Under the agreement, Norway's Equinor will become the sole owner of Bay du Nord, acquiring BP's 37.2% stake, the companies said on Monday without disclosing financial terms.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
The agreement represents another step in BP's efforts to reshape its portfolio to improve profitability, reduce debt and focus capital on higher-return oil and gas projects. BP will retain its 100% ownership of two exploration offshore licences in the Canadian province of Newfoundland and Labrador.
Equinor will seek to advance the project toward a final investment decision in early 2027.
The Bay du Nord development lies in the Flemish Pass Basin about 500 km (310 miles) east of St. John's in Newfoundland and Labrador. Expected to tap more than 400 million barrels of oil in its initial phase, the project is based on a floating production, storage and offloading vessel (FPSO) with subsea tiebacks.
Equinor is targeting first oil for 2031, with required investment estimated at about C$14 billion ($9.84 billion).
($1 = 1.4227 Canadian dollars)
Reporting by Stephanie Kelly Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
A London-based senior correspondent covering UK-listed energy companies including BP and Shell and energy developments in Europe, the Middle East and Africa.
Ondas akvírovala DZYNE Technologies za 875,8 mil. USD a vytvořila novou divizi Ondas Sentinel pro autonomní obranné systémy. DZYNE má v roce 2026 očekávané tržby 191 mil. USD a je EBITDA pozitivní.
Combination expands Ondas' portfolio across multi-domain ISR, counter-UAS, precision strike, mission intelligence and autonomous systems for U.S. and allied defense customers
Together with World View, DZYNE will operate within Ondas Sentinel, a newly created business division that will strengthen Ondas' U.S. defense portfolio
WEST PALM BEACH, FL / ACCESS Newswire / July 6, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, announced today it has acquired DZYNE Technologies, LLC ("DZYNE"). This acquisition establishes Ondas as a vanguard autonomous defense platform, uniting complementary capabilities across multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics, and AI-enabled mission orchestration to rapidly meet the complex, evolving requirements of modern warfare. The acquisition is valued at $875.8 million and was financed through a cash and stock structure intended to align the incentives of DZYNE management and investors with Ondas' stockholders. Greater than 50% of the stock consideration is subject to a six-month lock-up.
"The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale," said Eric Brock, Chairman and Chief Executive Officer of Ondas. "DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS and autonomous effects. The combination with DZYNE accelerates Ondas' build-out of the next-generation autonomous defense platform-not through a single breakthrough product, but by integrating complementary, mission-proven technologies into a scaled operating platform. Importantly, DZYNE significantly strengthens Ondas' financial profile, adding substantial scale and revenue growth. DZYNE is EBITDA positive with a strong and growing margin profile, accelerating Ondas' path towards profitable, long-term growth."
DZYNE, a U.S.-based defense technology company recognized for its leadership in long-endurance autonomous aircraft, counter-drone systems and autonomous effects, brings Ondas an operationally mature business with established relationships across the U.S. defense community and allied customers, along with a reputation for moving quickly from prototyping into fielded systems. Ondas believes this combination of technical depth, mission experience, customer trust and operational execution makes DZYNE a uniquely valuable strategic asset as defense organizations accelerate investment in autonomous systems.
"We structured this transaction to take the majority of our consideration in Ondas equity because we believe in the long-term value of the combined platform," said Jeff Hull, President and Chief Executive Officer of Highlander Partners, the majority owner of DZYNE. "As a firm that invests our own proprietary capital with a patient, long-term horizon, our equity position reflects genuine conviction - not just in DZYNE's capabilities, but in Ondas' vision to build a scaled global operating platform for unmanned and autonomous systems serving the defense, security, and critical infrastructure markets. DZYNE's ISR, counter-UAS, and expendable systems are a natural extension of that architecture, and we believe DZYNE's technology and team will thrive inside Ondas as part of its broader system-of-systems strategy - together positioned to be a leader in autonomous defense."
"This acquisition exemplifies our Strategic Growth Program by adding an operationally mature defense technology company with market-leading products, deep customer relationships and immediate financial scale," said Mark Green, Head of Global Corporate Development & M&A at Ondas. " Integrating DZYNE into our systems-of-systems architecture expands our technology leadership while strengthening our operating platform and financial profile."
Ondas Sentinel: A New Operating Division for U.S. Scale
Ondas has formed Ondas Sentinel, a dedicated operating division unifying its growing U.S. portfolio of autonomous defense technologies. Initially intended to integrate World View and DZYNE, it combines persistent ISR, counter-UAS, autonomous effects and mission intelligence into a scalable organization built to support larger, more integrated defense programs while leveraging common technology roadmaps, manufacturing, sustainment and AI-enabled mission software.
Ryan Hartman, Chief Executive Officer of World View, will serve as Chief Executive Officer of Ondas Sentinel, while Matt McCue, co-founder and Chief Executive Officer of DZYNE, will become Chief Technology Officer of Ondas Sentinel. Together, they will lead the integration of the businesses and accelerate Ondas' strategy to deliver integrated autonomous defense solutions at scale.
"Ondas Sentinel creates far more than an organizational structure-it's a scalable U.S. defense platform," said Ryan Hartman, Chief Executive Officer of Ondas Sentinel. "By combining World View's persistent sensing with DZYNE's mission-proven autonomous systems, effectors, and counter-UAS capabilities, we can engage customers across more mission areas, pursue larger programs and help operators see more, decide faster and act with confidence."
Compelling Strategic Fit Accelerates Combined Growth Path
DZYNE adds three strategic franchises to the Ondas platform: long-endurance ISR, counter-UAS and autonomous effects. These capabilities have been supported by over $500 million of cumulative R&D and product development investment and directly address several of the fastest-growing priorities in defense modernization, including persistent intelligence, aerial security, affordable mass and distributed operations.
1) Building a Multi-Domain ISR Architecture from the Stratosphere to the Tactical Edge
The acquisition of DZYNE significantly advances Ondas' multi-domain ISR roadmap, reflecting the Company's belief that the future of ISR lies in integrated architectures, not isolated aircraft or sensors.
DZYNE's ULTRA is a long-endurance autonomous aircraft delivering multi-day ISR across large operational areas at significantly lower operating cost and logistical burden than traditional ISR aircraft. With tens of thousands of operational flight hours, ULTRA brings proven persistence to distributed operations, border security, maritime awareness and communications relay-strengthening Ondas' position in persistent intelligence and bridging World View's stratospheric sensing with Optimus' tactical-edge autonomous operations.
The combined Ondas ISR portfolio is expected to span:
Stratospheric ISR: World View's Stratollites provide persistent sensing, communications relay and strategic intelligence capabilities from the stratosphere, supporting wide-area surveillance, maritime awareness, border security and resilient communications.
Long-Endurance Theater ISR: DZYNE's ULTRA and LEAP platforms provide long-endurance intelligence collection, reconnaissance and communications relay capabilities for operational theater missions requiring persistence over extended periods.
Tactical ISR: Ondas' Optimus autonomous drone platform and InsightSense ground sensor technologies provide persistent intelligence and situational awareness at the tactical edge, combining autonomous aerial reconnaissance, distributed ground sensing, force protection and infrastructure monitoring into a unified tactical intelligence layer.
Ondas is also advancing SkyWeaver, an AI-enabled mission operating system being developed in partnership with Palantir Technologies to connect sensors, autonomous platforms, operators and decision-makers across a single operational environment. Built on Palantir Foundry and AIP, SkyWeaver transforms data across the Ondas and DZYNE portfolios into actionable intelligence for sensor fusion, decision support, mission planning and autonomous tasking.
2) IonStrike Completes Ondas' Counter-UAS and Aerial Security Portfolio
DZYNE's IonStrike significantly expands Ondas' counter-UAS portfolio with a fully kinetic, autonomous interceptor designed to detect, track and physically defeat hostile drones in flight. Purpose-built to counter the Shahed-136 class of one-way attack drones and other emerging aerial threats, IonStrike delivers scalable, low-cost interception at the point of engagement, providing an affordable alternative to traditional air defense systems.
IonStrike extends Ondas' aerial security platform beyond detection and mitigation to complete the kinetic defeat layer of an integrated counter-UAS architecture, enabling Ondas to own the full mission chain-from detection and identification to mitigation, interception and defeat-across military, homeland security and civil markets. Together with DZYNE's Dronebuster, which we believe to be one of the most widely fielded handheld counter-UAS systems in the world, Sentrycs' cyber-based detection and mitigation, and Iron Drone's autonomous interception, IonStrike forms a layered aerial security architecture against evolving unmanned threats:
Detect: Sentrycs, Dronebuster and integrated airspace awareness technologies
Identify: Sentrycs protocol analytics, sensor fusion and AI-enabled classification
Mitigate: Sentrycs cyber takeover capabilities and Dronebuster electronic defeat capabilities
Defeat: Iron Drone autonomous net interception and IonStrike autonomous strike
3) Expanding Capabilities in Precision Strike and Autonomous Effects
DZYNE's family of unique, low-cost, attritable autonomous systems enables Ondas to support a broader spectrum of missions spanning intelligence, force protection, logistics, and precision effects. As militaries shift toward "affordable mass," launched effects have been one of the fastest-growing segments of global defense spending, giving commanders scalable, expendable systems at a fraction of the cost of traditional platforms.
DZYNE's portfolio includes the Blitz autonomous Group 1 UAS and Grasshopper autonomous cargo glider. Blitz pairs long-range autonomy, (150 km range), expendable economics, swarm capabilities and an open, modular architecture into a highly scalable platform aligned with the U.S. Department of War's (DOW) focus on affordable mass and autonomous effects. Grasshopper delivers up to 500 pounds of critical supplies with precision into contested or denied environments, at a fraction of the cost of traditional logistics platforms.
Financial Profile and Updated Outlook
DZYNE is expected to generate $191 million in revenue for the full year 2026, and more than $300 million in 2027. The Company expects a revenue growth CAGR of greater than 80% from 2025-2028 driven by strong adoption of both the ULTRA platform for long-endurance ISR applications and the kinetic interceptor solution, IonStrike, along with a strong contribution from the counter-drone portfolio, including Dronebuster. DZYNE is expected to be EBITDA positive in 2026 and beyond. EBITDA margins are targeted in the mid-teens in 2027, rising to the mid-20% range by 2028.
For 2026 Ondas is now targeting at least $525 million in revenue, significantly ahead of the Company's previous target of at least $390 million. The new outlook includes the addition of both DZYNE and the Company's Omnisys acquisition, which closed on May 21, 2026, and was not contemplated in the prior outlook. Ondas' new outlook does not include contributions from Cyberhawk, Ondas' recently announced acquisition that is expected to close during the third quarter of 2026.
Transaction Summary
Under the terms of the transaction, DZYNE shareholders received $200 million in cash and approximately 85 million Ondas shares valued at approximately $675 million. The DZYNE shareholders, led by Highlander, will own approximately 13.8% of Ondas' outstanding shares. Of the 85 million shares, 45 million-more than half the equity consideration-are subject to a six-month lock-up. Ondas believes this structure balances liquidity needs for DZYNE shareholders and long-term alignment with Ondas' stockholders.
For additional information regarding the acquisition, please see the Current Report on Form 8-K to be filed with the Securities and Exchange Commission later today. In connection with the acquisition, the Company approved inducement grants of restricted stock units (RSUs) representing 500,000 shares of the Company's common stock and stock options exercisable for 1,500,000 shares of the Company's common stock with an exercise price of $7.92 per share to a total of 255 newly-hired employees in connection with the acquisition. The equity awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with the Company. The RSUs and the stock options vest over 3 years, subject to the applicable employee's continued employment with the Company.
Advisors
Citizens Capital Markets & Advisory served as exclusive financial advisor to Ondas and Baird served as exclusive financial advisor to DZYNE Technologies. Akerman LLP served as legal counsel to Ondas and Baker McKenzie served as legal counsel to Highlander Partners and DZYNE Technologies.
Investor Conference Call & Audio Webcast Details
Ondas will host an investor conference call and audio webcast to discuss the acquisition, the formation of Ondas Sentinel, and the strategic importance of the transaction to the Company's long-term autonomous defense strategy.
Date: Monday, July 6, 2026
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 844-883-3907
International dial-in number: 412-317-5798
Call participant pre-registration link: here
The Company encourages listeners to pre-register, which allows callers to gain immediate access and bypass the live operator. Please note that you can register at any time during the call. For those who choose not to pre-register, please call the conference telephone number 10-15 minutes prior to the start time, at which time an operator will register your name and organization.
The conference call will also be broadcast live and available for replay here and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event.
About Ondas Inc.
Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
About DZYNE Technologies, LLC
DZYNE Technologies is a leading developer of autonomous aerial systems and advanced defense technologies, delivering innovative solutions across intelligence, surveillance, reconnaissance, and counter‑UAS missions. The company designs and manufactures a full ecosystem of unmanned platforms and payloads-including long‑endurance Group 2/3 aircraft, rapid‑deployment Group 1 systems, and field‑proven counter‑drone tools-built to operate in contested and denied environments. With deep expertise in AI‑enabled autonomy, modular airframe design, and rapid prototyping, DZYNE supports U.S. and allied defense customers with scalable, mission‑ready capabilities that accelerate decision advantage at the tactical edge.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
SpaceX podle článku vidí větší potenciál v konektivitě než v AI: Starlink má provozní zisk 4,4 miliardy USD a firma zvažuje vstup do mobilních služeb. Trh internetu a bezdrátových služeb odhaduje na 1,6 bilionu USD.
Space Exploration Technologies (SPCX +2.69%), better known as SpaceX, has been receiving a lot of attention for its deals to sell compute capacity to artificial intelligence (AI) companies, including Anthropic and Alphabet. So far, it holds contracts worth about $28 billion in annual revenue.
In its in initial public offering (IPO) registration statement with the Securities and Exchange Commission, SpaceX said the total addressable market for its AI businesses is $26.5 trillion. That includes a $2.4 trillion infrastructure market, where SpaceX eventually plans to extend from terrestrial data centers to solar-powered orbital data centers, and a huge opportunity to sell enterprise AI applications.
But things change quickly at SpaceX, and it's reportedly pursuing an opportunity in a $1.6 trillion market that could prove even more valuable than its AI operations. Here's what investors need to know.
Image source: Getty Images.
The most promising business inside SpaceX could be getting bigger SpaceX had a net loss of $5 billion on $18.7 billion of revenue in 2025, but a look under the hood reveals several different stories. The company's launch services and AI segments generated significant operating losses last year, but its Starlink connectivity business generated $4.4 billion in operating income. Both subscribers and profits more than doubled from the prior year, even as it lowered its average pricing.
The next move for Starlink could be an expansion into wireless phone service. The company is reportedly planning to launch a mobile service for U.S. consumers in the near future, taking on telecom giants AT&T, Verizon, and T-Mobile.
SpaceX has held talks with Charter Communications for a potential mobile phone partnership, according to reports. Doing so could give it access to Charter's internet infrastructure and its mobile virtual network agreement with Verizon.
Today's Change
(
2.69
%) $
4.24
Current Price
$
161.78
Ultimately, SpaceX sees the potential for the internet and wireless phone service market to reach $1.6 trillion, according to its IPO filing. And it has the potential to offer the service at a relatively high margin. Starlink's operating margin is about 40%, and that could climb higher as it scales operations and reduces launch costs. Athough the operating margin on wireless communication businesses is considerably lower (about 20% for the three big U.S. carriers), SpaceX could find that supplementing its network, or partner network, with its satellite connectivity could allow it to generate higher margins.
Meanwhile, it's unclear how profitable the AI segment can be. Although management boasts a tremendous return on its invested capital from its infrastructure-as-a-service deals, it might not have a long-term competitive advantage. The cost and viability of orbital data centers will determine if SpaceX can scale its operations and how profitable it will be.
At the same time, SpaceX's own AI development efforts appear to be taking a back seat, as it has fallen behind leading AI labs and has seen limited consumer traction. It will likely remain a niche player in the sector, weighing on operating margins. Despite the vast addressable market, SpaceX doesn't appear well-positioned to capture a significant share.
As such, I see much more potential for profit in the connectivity business than in AI.
How big could the business get? There's little doubt SpaceX has a very compelling product with its satellite internet business. However, leveraging that into a full-on wireless business is more difficult. It needs to build out a terrestrial wireless network to offer a competitive service. That takes both time, money, and access to limited, government-controlled spectrum licenses.
To that end, SpaceX acquired 65 MHz from EchoStar and participated in the recent Federal Communication Commission (FCC) auction for some of EchoStar's forfeited licenses. However, its participation was limited to filling in just a few key gaps, not indicative of plans to build an entire network.
To put SpaceX's spectrum position into perspective, T-Mobile, AT&T, and Verizon have 375 MHz, 314 MHz, and 279 MHz in population-weighted spectrum licenses, respectively. The next significant FCC auction is next year, so it will take a long time for SpaceX to catch up and build out a network.
But SpaceX does offer a key supplementary service to wireless carriers: satellite connectivity in remote areas. In fact, SpaceX's posturing may simply be a negotiating tactic to secure better terms or longer-term partnerships. SpaceX currently partners with T-Mobile in the U.S.
In that case, it could continue to expand the profitable Starlink business and receive a nice profit boost from carrier deals before pursuing the wireless space directly. New York University professor Aswath Damodaran projects it could generate $120 billion at a 60% operating margin by 2036. That's a 10-fold increase in 10 years, and it seems like a reasonable estimate based on the strength of the satellite connectivity business.
Unfortunately, investors are currently paying a premium price for the rest of the company, including its AI operations. If you expect an investment in SpaceX to produce reasonable returns at its current price, you must also expect the AI business to prove more profitable in the long run than its connectivity business. Right now, the connectivity business holds more promise.
Johnson & Johnson (NYSE:JNJ) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the New Brunswick, New Jersey-based company to report quarterly earnings of $2.85 per share, up from $2.77 per share in the year-ago period. The consensus estimate for Johnson & Johnson’s quarterly revenue is $25.05 billion. It reported $23.74 billion last year, according to Benzinga Pro.
On June 26, Johnson & Johnson announced additional data on IMAAVY throughout 12 abstracts at European Academy of Neurology 2026 Congress.
Johnson & Johnson shares rose 3.6% to close at $263.04 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying JNJ stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Vault Lazy Summer na Arbitrum spojený se Summer.fi utrpěl odhadovanou ztrátu 6 milionů USD po šíření DeFi nákazy z neúspěšného lending trhu. Ztráta nebyla způsobena přímým útokem na Summer.fi, ale na navázané protokoly a kolaterál.
A Lazy Summer Protocol vault connected to Summer.fi suffered an estimated $6 million loss after exposure to a failed DeFi lending market on Arbitrum, renewing scrutiny of automated yield products and the risks embedded in multi-protocol strategies.
The affected product was the Lazy Summer Arbitrum USDC Vault, which had allocated funds into Silo Finance’s Swaap Lend susdx 127 USDC market. According to Summer.fi’s post-mortem, the loss was not caused by a direct exploit of Summer.fi’s user interface or Lazy Summer’s vault contracts. Instead, it resulted from a chain of external failures that began with the Nov. 3 Balancer V2 Composable Stable Pool exploit and later spread through connected DeFi markets.
Balancer estimated the original exploit at roughly $94.8 million. The attack affected several liquidity pools and contributed to stress in Stables Labs’ USDX asset, which began losing its peg on Nov. 6. The problem then reached Silo’s susdx/USDC lending market, where the affected Lazy Summer vault had deployed capital.
Contagion Through the Yield Stack The core issue was a mismatch between the real economic value of the impaired Silo position and the value being reported on-chain. Summer.fi said Silo’s market continued to report values that did not properly reflect the deterioration in USDX-linked collateral. As a result, the Lazy Summer vault continued treating its position as more valuable than it actually was.
That pricing failure created a withdrawal imbalance. Users who exited the vault before the loss was fully reflected could withdraw against inflated valuations, leaving remaining depositors exposed to the eventual shortfall. The vault’s ordinary accounting mechanisms did not immediately distribute the loss because the underlying Silo market had not properly recognized it.
Summer.fi said deposits into the affected Arbitrum vault were blocked on Nov. 6, with notices posted on the vault interface, Discord and X. A snapshot of affected users was also completed the same day. The team later began work on recovery-monitoring contracts designed to automatically withdraw any available liquidity from Silo if funds become accessible.
Governance Response and Market Impact The Lazy Summer DAO has moved to offboard the affected Silo market from its strategy set. On Nov. 13, the DAO published SIP2.39 to remove the Silo susdx/USDC market, and the proposal passed on Nov. 21. The DAO is also evaluating emergency controls, a rebuilt Arbitrum strategy set without USDX exposure, stronger risk disclosures, possible compensation and an insurance fund.
The incident is significant because it highlights a risk that is harder for ordinary users to assess: vaults can suffer losses even when their own smart contracts work as intended. Automated yield products depend on external lending venues, collateral assets, liquidity pools and oracle feeds. A failure in any part of that stack can impair depositors.
For DeFi investors, the Summer.fi-linked loss is a warning against treating curated vaults as simple yield products without protocol-level risk. For risk managers, it raises questions about oracle assumptions, depeg monitoring, emergency withdrawal controls and whether vaults should continue accepting withdrawals when an underlying market’s reported value becomes unreliable.
The $6 million loss is small compared with the largest DeFi exploits, but its market relevance is broader. It shows that DeFi contagion can move quietly through yield infrastructure, reaching users who may never have interacted directly with the compromised protocol. As vault products target more passive users and institutional allocators, transparency around hidden strategy exposure is likely to become a more important competitive and regulatory issue.
HOUSTON and LONDON, July 06, 2026 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB), a leader in the global chemical industry, will announce its second-quarter 2026 financial results before the U.S. market opens Friday, July 31, followed by a webcast and teleconference to discuss the results at 11 a.m. EDT.
Teleconference and webcast details
Friday, July 31, 2026
11 a.m. EDT
Hosted by David Dennison, head of investor relations
Access the webcast 10 to 15 minutes prior to the start of the call at www.lyb.com/earnings.
Presentation slides
Presentation slides will be available at the time of the teleconference and afterward at www.lyb.com/earnings.
Replay information
A replay of the call will be available from 1 p.m. EDT July 31 until August 31, 2026. The replay dial-in numbers are:
Toll-Free: 877-660-6853
Toll: 201-612-7415
Access ID: 13746218
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
Micron Technology (NASDAQ: MU) is set to pay its next quarterly dividend later this month, with eligible shareholders scheduled to receive $0.15 per share on July 21, 2026.
The dividend remains unchanged from the company’s previous quarterly distribution, reflecting a consistent payout policy despite Micron’s strong share price performance over the past year.
Based on its annualized dividend of $0.60 per share, the stock offers a dividend yield of approximately 0.06% based on its last closing price of $975.56.
Investors holding 100 Micron shares will receive $15 before applicable taxes from the upcoming payment.
MU stock dividend payment schedule. Source: Dividend.com Assuming the company maintains its current quarterly dividend of $0.15 per share, shareholders with 100 shares would earn $60 in annual dividend income before taxes.
To qualify for the July payment, investors had to own Micron shares before the July 6, 2026, ex-dividend date. Shares purchased on or after the ex-dividend date are not eligible for this dividend.
While Micron’s dividend yield remains relatively modest, the company’s investment case continues to be driven primarily by capital appreciation rather than income.
Micron’s impressive 2026 run The semiconductor giant has been one of the best-performing large-cap stocks over the past year as demand for artificial intelligence memory chips continues to accelerate.
Shares have surged more than 700% over the past 12 months and approximately 242% year-to-date, pushing Micron’s market capitalization above $1.1 trillion despite a recent pullback.
MU one-year stock price chart. Source: Finbold The company recently reported record fiscal third-quarter results, with revenue climbing to $41.46 billion, driven by booming demand for high-bandwidth memory (HBM) used in AI accelerators.
Micron also issued strong guidance for the current quarter, forecasting revenue of around $50 billion at the midpoint.
Demand for AI memory remains the company’s key growth driver, with Micron reporting that its HBM production capacity is fully booked through 2026 under long-term supply agreements.
At the same time, Wall Street remains overwhelmingly bullish on Micron’s long-term prospects as AI infrastructure spending continues to expand.
Although the dividend provides a modest stream of recurring income, Micron remains a growth-oriented technology stock, with most investor returns expected to come from earnings growth and potential share price appreciation rather than dividend income.
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
MercadoLibre v prvním pololetí 2026 oslabila o 16 %, protože jí dva po sobě jdoucí kvartály klesal zisk. Přesto tržby v 1. čtvrtletí vzrostly o 49 % meziročně.
MercadoLibre (MELI +1.27%) Stock fell 16% in the first half of 2026, according to data provided by S&P Global Market Intelligence. It reported declining profits for two consecutive quarters.
The dominant tech company in Latin America MercadoLibre enjoys a leading position in e-commerce and fintech in 18 Latin American countries. It consistently demonstrates high growth as it generates a shift to online shopping, and since its markets lag behind other global regions, it still has a vast opportunity. For example, e-commerce penetration in the U.S. is 27%, while it's only 14% in Latin America.
Image source: Getty Images.
The company is reporting incredible growth across segments and metrics. Total revenue increased 49% year over year in the 2026 first quarter, driven by both e-commerce and fintech. In e-commerce, gross merchandise volume (GMV) was up 42% over last year, with a 26% increase in unique active buyers. Items sold were up 47%, and items sold per unique buyer were up 16%. That's particularly impressive considering the number of new customers.
There was major growth in Brazil, its largest market, since it lowered its free shipping threshold in the country from $R79 to $R19.
Fintech is a similar story. Total payment volume was up 50% year over year, with a 29% increase in monthly active users to 83 million. The credit portfolio was up 87%, and assets under management were up 77%.
Laying the groundwork for the future Despite the fantastic performance, MercadoLibre stock has plunged because profits are declining. In the first quarter, operating income fell 20% from last year, and operating margin dropped from 12.9% last year to 6.9% this year.
Today's Change
(
1.27
%) $
22.12
Current Price
$
1764.31
Management says it's focusing on the future. It sees a massive long-term opportunity, and it has the potential to gain the most with its first-mover's edge. "When your business is behaving like this, we believe the right response is not to harvest -- it is to invest," it said.
In Mexico, for example, more than half of the population relies on informal credit sources, while 85% pays for purchases under $30 with cash. In Argentina, while 80% of the population has a bank account, its use of credit is far below that of Brazil. Management sees the region as ripe for continued disruption, and the company has high customer satisfaction, which it takes as a mandate to improve the industry.
At the current price, MercadoLibre stock trades at 47 times trailing 12-month earnings, an attractive entry point for new investors.
GateToken (GT) dokončil on-chain burn za 2. čtvrtletí 2026, při němž bylo spáleno 2 570 063,3829548 GT v hodnotě přes 17,75 milionu USD. Celkem už bylo spáleno 189 947 219 GT, tedy více než 1,311 miliardy USD.
PANews July 6 news, according to an official announcement, the on-chain burn of GateToken (GT) for the second quarter of 2026 has been officially completed, with a total of 2,570,063.3829548 GT transferred to the burn address, valued at over 17.75 million USD. Since the Gate Chain mainnet launched in 2019, GT has been subject to a continuous burn mechanism. To date, a cumulative total of 189,947,219 GT has been burned, with a cumulative burn value exceeding 1.311 billion USD (based on quarterly average price). The total token supply has been significantly reduced by approximately 63.32% from the initial 300 million.
As the sole gas token of Gate Layer, GT’s usage frequency is steadily increasing. As the underlying infrastructure, Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. Additionally, Gate is continuously enriching its product ecosystem. Gate Stocks has established a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and South Korean stocks, encompassing more than 12,500 stocks and ETF assets globally. It supports fractional share trading with a minimum investment of 0.01 share and offers dividend entitlements. The platform also supports cross-broker transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience. Gate will continue to implement a long-term, stable GT burn mechanism, forging a tighter positive cycle between the token economic model, real usage demand, and ecosystem expansion.
Iridium dokončila akvizici Aireon, operátora jediného vesmírného systému ADS-B pro sledování leteckého provozu. Firma tím posiluje svou roli v oblasti bezpečnosti letectví a globálního řízení letového provozu.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced today that it has completed its acquisition of Aireon LLC, operator of the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system.
Iridium has completed its acquisition of Aireon, a key step in its strategy to lead the future of aviation safety. "Iridium and Aireon are fully aligned in our mission to advance the future of aviation safety. What began as a bold vision more than a decade ago has become a foundational capability for global air traffic management, delivering real-time surveillance and operational intelligence on a truly global scale," said Iridium CEO, Matt Desch. "Together, we will continue investing in the technologies and innovations that we believe will make aviation safer, more efficient, and more resilient for decades to come."
The completion of the acquisition expands Iridium's role in the aviation ecosystem by combining Aireon's space-based air traffic surveillance and aviation intelligence services with Iridium's global satellite communications network and resilient PNT capabilities. Together, these assets create a comprehensive platform for delivering real-time visibility, trusted connectivity and actionable operational data to aviation stakeholders worldwide. As airspace grows more complex and increasingly dependent on resilient infrastructure, Iridium is positioned to provide the critical services that help improve safety, efficiency and operational decision-making on a global scale.
As part of Iridium, Aireon will continue operating as a wholly owned subsidiary focused on delivering industry-leading air traffic surveillance and aviation data services. Don Thoma will continue to serve as Aireon's Chief Executive Officer and will report to Iridium's Chief Executive Officer Matt Desch, ensuring both leadership continuity and close alignment with Iridium's broader strategy.
For more information about Iridium, visit: www.iridium.com
For more information about Aireon, visit: www.aireon.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to it. Forward-looking statements in this press release include statements regarding the Company's strategy to provide the foundational architecture for global aviation safety, bringing space-based surveillance, safety communications, PNT, and operational data together on a single network; continued investment in the technologies and innovations that the Company believes will make aviation safer, more efficient, and more resilient for decades to come; the future operations and management of Aireon; expected impacts of the acquisition of Aireon on the Company, and the timing thereof. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to realize the anticipated benefits of the Aireon acquisition, including expected synergies, on the expected timeline or at all, the risks that the integration of Aireon's business may be more difficult, time-consuming, or costly than expected, the Company's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements, except as required by law.
Prospect Capital poskytla ShipOffers první zajištěný seniorní termínovaný úvěr a kapitál navázaný na akcie. Investice má podpořit další růst fulfillmentové firmy.
July 06, 2026 07:01 ET | Source: Prospect Capital Corporation
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) and an affiliate have provided a first lien senior secured term loan and an equity-linked investment in ShipOffers (“ShipOffers” or the “Company”), in collaboration with the company’s founders and leadership team.
Founded in 2001 with a 25-year history, ShipOffers is a leading provider of on-demand product and order fulfillment services, offering sourcing, order processing, warehousing, pick-pack-and-ship, real-time tracking, and platform integrations for e-commerce and direct-to-consumer brands. ShipOffers operates fulfillment facilities in Colorado and Tennessee, as well as a facility in the Netherlands, enabling clients to scale distribution across the United States and Europe. The Company serves customers across the health and beauty, nutraceutical, and consumer products industries, and is led by co-founders Tony Grebmeier, Chief Executive Officer, and Doug Roberts, Chief Financial Officer.
“Prospect is pleased to provide strategic growth capital that supports continued evolution by the ShipOffers team in people, technology, and facilities,” said Angel Solis, Managing Director at Prospect. “ShipOffers has built a differentiated fulfillment platform over more than two decades, and we look forward to supporting the Company’s next phase of growth.”
The ShipOffers team was impressed with how quickly and thoughtfully Prospect worked to understand our business,” said Tony Grebmeier, Co-Founder and CEO of ShipOffers. “This investment allows our team to keep driving growth in the business we launched 25 years ago in 2001, while providing us the capital to expand our footprint and continue delivering for our clients.”
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
About ShipOffers
Founded in 2001, ShipOffers is a globally recognized logistics and fulfillment company serving businesses across a range of industries. With facilities in Colorado, Tennessee, and the Netherlands, ShipOffers provides sourcing, order fulfillment, shipping, and strategic guidance, backed by a team of more than 150 professionals worldwide. For more information, visit www.shipoffers.com.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer [email protected]
Telephone (212) 448-0702
Porsche plánuje zrušit více než 4 000 pracovních míst, hlavně v manažerských a administrativních pozicích. Firma připravuje další balíček pro zefektivnění chodu.
Německý výrobce sportovních vozů Porsche se chystá zrušit další více než 4000 pracovních míst. S odkazem na zdroje deníku Handelsblatt o tom informuje agentura DPA. Podle listu by konečné číslo mohlo být ještě výrazně vyšší. Porsche nyní celosvětově zaměstnává přes 40 000 lidí.
Podle zprávy opatření postihnou především zaměstnance na manažerských a administrativních pozicích. Ve vývojovém centru ve Weissachu se údajně přehodnocuje využití přibližně 30 procent tamních kapacit.
Mluvčí Porsche odmítl potvrdit konkrétní počet dotčených pracovních míst. Zmínil jen, že firma aktuálně připravuje další "balíček pro budoucnost", který má zefektivnit její chod. Představit by ho chtěla do konce července.
Další snižování počtu pracovních míst nad rámec původního balíčku oznámil již v březnu generální ředitel Porsche Michael Leiters. V oblasti Stuttgartu má být do roku 2029 zrušeno přibližně 1900 pracovních míst. Kromě toho vypršely smlouvy zhruba 2000 dočasných zaměstnanců. V květnu společnost Porsche rovněž oznámila uzavření tří dceřiných firem, což se dotklo dalších 500 zaměstnanců.
Německé automobilky se potýkají s nárůstem čínské konkurence a také s americkými cly. Mercedes chce zpět 40hodinový pracovní týden. Masivní propouštění chystá i automobilový koncern Volkswagen. Podle médií hodlá v příštích letech celosvětově zrušit až 100 000 pracovních míst, což je asi 15 procent současného stavu.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the HUBG ($HUBG) Class Action:
Lead Plaintiff Deadline: August 28, 2026Alleged Misconduct: Securities fraud relating to Hub Group’s financial results, revenue recognition, accounting of costs, internal controls, and prospects for/drivers of growthLargest Stock Drop: February 6, 2026 – 18% Stock DropCourt: U.S. District Court for the Northern District of IllinoisFiling Law Firm: Bleichmar Fonti & Auld (“BFA Law”)Action: Contact BFA Law to discuss your rights Investors have until August 28, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc., No. 1:26-cv-07596.
Why is Hub Group Being Sued for Securities Fraud?
Hub Group is a transportation and logistics freight carrier that provides trucking and related services to operators across the supply chain. Hub Group services a customer base extending across various industries, including retail, consumer products, automotive, and durable goods, and reports to be one of the largest freight transportation providers in North America.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Hub Group’s drivers of financial results and growth.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that the Company’s financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Hub Group revealed that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that “the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.” Hub Group also estimated that “[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.”
This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.
On May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they “should no longer be relied upon.” Hub Group did not quantify the expected misstatement, although it “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.”
This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Parsons rozšířila své řešení PFAS v Severní Americe a nabízí čtyři hlavní technologie pro likvidaci těchto látek v půdě, vodě i odpadech. Firma uvádí, že její UV metoda dosahuje více než 99% destrukce PFAS.
Parsons is a leading PFAS solutions provider in North America.The company combines science-based strategies, in-house R&D, and an advanced contaminants elimination program to develop tailored, cost-effective solutions for customers.Parsons’ four core PFAS solutions include Hot ISCO, UV PFAS Destruction, Thermal Desorption, and AFFF Cleanout.
CHANTILLY, Va., July 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced the expansion of its comprehensive solutions to mitigate the impacts of per- and polyfluoroalkyl substances (PFAS) on the environment. A leading provider of PFAS services across the United States and Canada, Parsons leverages 20 years of experience to strengthen its preeminent market position and advance its commitment to delivering sustainable PFAS solutions.
“Our investment in advanced PFAS technologies has positioned Parsons at the forefront of this critical environmental challenge. Our integrated suite of solutions addresses PFAS concerns and helps our clients meet today’s regulatory demands, while shaping the future of sustainable remediation,” said Carey Smith, chair, president, and chief executive officer for Parsons. “PFAS destruction technologies and holistic PFAS solutions are a strong example of how we translate innovation into long-term value for our clients and communities.”
Parsons applies an integrated, science-driven approach to PFAS challenges, combining advanced treatment technologies with practical implementation strategies tailored to each project. With a dedicated team of technologists, Parsons has delivered PFAS solutions for two decades, identifying future emerging contaminants and developing solutions to eliminate these pollutants – including PFAS – ahead of our clients’ needs. Parsons’ industry leading internal research and development program drives continual innovation of new remedial technologies and solutions. The company’s solutions are designed to reduce risk, meet evolving regulatory requirements, and deliver sustainable long-term outcomes at a competitive cost.
At the core of Parsons’ PFAS portfolio are four primary solutions: Hot In Situ Chemical Oxidation (Hot ISCO), Catalyzed Ultraviolet (UV) PFAS Destruction (Catalyzed UV), Thermal Desorption, and Aqueous Film-Forming Foam (AFFF) Cleanout services. Together, these four pillars provide a comprehensive PFAS management offering that span environmental investigation, removal from the consumer product stream, active in-situ and ex-situ destructive PFAS remediation and long-term stewardship.
This broad range of proven yet continuously advancing technologies provides Parsons’ clients with unique solutions and positions the company as a trusted partner for complex PFAS challenges across water, soil, and infrastructure. As new PFAS standards emerge and clients seek more sustainable, cost-effective solutions, Parsons can scale, refine, and integrate these technologies to expand service offerings, enter new markets, and drive continued innovation in PFAS management.
Hot ISCO
A patented technology in the U.S. and Canada, Parsons’ Hot ISCO is the first in-situ destructive technology on the market for PFAS.The technology targets PFAS-impacted source zones by coupling elevated temperatures with in-situ catalyzed chemical oxidation to destroy PFAS in-situ.Hot ISCO is also easily and efficiently applied ex-situ to destroy PFAS mass in contaminated water, wastewater, and manufacturing plant waste streams.This technology addresses difficult-to-reach source areas, without disrupting surface infrastructure, safely, rapidly, and cost effectively, resulting in shorter cleanup timeframes. Thermal Desorption of PFAS
A patented, turn-key solution for on-site applications, thermal desorption uses heat to remove PFAS from soil and other solids, and then destroys PFAS and other contaminants in the off-gas stream.This technology has been fully demonstrated on soil piles up to 2,000 cubic yards in size and in cold weather environments, including a project in the winter in Anchorage, Alaska for the United States Department of War (DOW) and the Defense Innovation Unit (DIU).This proven soil and debris treatment technology is rapidly implementable and scalable to remote and non-remote sites.
UV PFAS Destruction
A patent-pending technology that destroys PFAS in water, wastewater and complex liquid waste streams using UV-based catalytic reactions to break down these persistent compounds.Achieves greater than 99 percent of PFAS destruction under real-world conditions at a small fraction of the cost of competing high-energy and capital cost-intensive technologies.Fully demonstrated at laboratory and field scale for wastewater matrices such as AFFF cleanout solutions, landfill leachate, industrial wastewater, and contaminated groundwater, as well as in regeneration brines.
AFFF Cleanout of Fire Suppression Systems
Parsons’ AFFF cleanout service is an advanced capability that combines the company’s proprietary equipment and methods with PerfluorAd®, a product invented by Cornelsen for which Parsons is the exclusive North American Provider.This method achieves a much higher degree of AFFF system cleanout (99+ percent PFAS removal) at a competitive cost, protecting firefighters and reducing client’s long-term liability.AFFF cleanout service can be combined with Hot ISCO or UV PFAS Destruction for a turnkey, zero waste solution for firefighting clients that mitigates the risk and liability associated with PFAS firefighting foam.
Across installations and complex PFAS-impacted sites, Parsons’ PFAS solutions are being recognized through a growing portfolio of contract wins highlighting both our technical leadership and ability to deliver results at scale.
Thermal Desorption of PFAS in Soil: Joint Base Elmendorf-Richardson (JBER)
Parsons completed a large thermal desorption of PFAS in soil remediation project at JBER in Anchorage, Alaska. The DOW and DIU funded and administered the 2,000 cubic yard soil stockpile project, respectively. The field study included detailed monitoring, sampling and analysis to track the status of PFAS and remedial results.
UV PFAS Destruction Field Demonstration:
Parsons has demonstrated proof-of-concept for the feasibility of an aqueous-electron-based complete defluorination and destruction of PFAS in aqueous phase media simulating wastewater, groundwater, and regeneration brines. Multiple projects are in development throughout North America including the support of VEI Contracting (VEI) who was awarded a pilot project for using this technology on a Canadian federal site with full study completion scheduled for Summer 2027.
AFFF Mobile System Cleanout:
Tucson International Airport – Parsons is managing the cleanout of the airport’s fire response trucks and of the design and execution of the airport wide PFAS remedial investigation.Denver International Airport – In 2025, Parsons managed and completed the cleanout of 20 fire response vehicles and trucks, with an average of 95 percent PFAS removal across the entire fleet.Oakland San Francisco Bay Airport – Parsons oversaw and led the cleanout of six fire response vehicles and one fixed storage tank in 2025. The results achieved a removal of 99 percent PFAS removal from all trucks and the tank.Parsons presented the AFFF cleanout capabilities with the Environment Canada and Climate Change AFFF working group to help Canada industry transition to non-PFAS containing foams. Together, these capabilities reinforce Parsons’ role as a trusted PFAS partner, helping clients navigate evolving regulations, reduce long-term risk, and protect communities and critical infrastructure for the future.
To learn more about Parsons’ PFAS capabilities, visit https://www.parsons.com/pfas/.
Developed by Cornelsen Umwelttechnologie GmbH, PerfluorAd is a biodegradable cleaning agent that forms a bond with PFAS, creating particles that Parsons filters and removes.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.
Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Media Contact:
Bernadette Miller
+1 980.253.9781 [email protected]
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191 [email protected]
Opendoor Technologies klesla v první polovině roku o 21 %, protože po loňském růstu se vrací na zem v oslabeném trhu s bydlením. Nový šéf Kaz Nejatian sází na objem a rychlost, ale firma zůstává nerentabilní.
Opendoor Technologies (OPEN 0.81%) stock dropped 21% in the first half of the year, according to data provided by S&P Global Market Intelligence. After it skyrocketed with the help of social media and retail investors last year, it's been slowly coming back to earth as the housing market remains under pressure.
A new CEO and strategy There's been a lot going on at Opendoor over the past year. A concerted effort by retail investors to shake things up resulted in the previous CEO being ousted and replaced by Kaz Nejatian, a Shopify veteran. He has changed the digital real estate company's focus, and there's been some progress.
There's been some of the garden variety of change, such as bringing in more artificial intelligence (AI) to become more efficient and work faster. Opendoor is also creating more options for customers, such as its cash now, more later product, which accounted for a third of acquisition contracts in the first quarter.
Image source: Getty Images.
The highlight of the strategy, though, and where it truly acts differently, is its focus on volume and velocity. Previously, it put efforts into finding bargains and focusing on spread. Nejatian's take was that this was leading to the purchase of worse homes, which were harder to sell. The new model is buying excellent homes and turning them over more quickly, even if it's a lower spread, and the results have been promising in the limited time it's been going on.
In the 2026 first quarter, it purchased 45% more homes sequentially, and it had 5,000 under contract, double the fourth-quarter number and the highest number since 2022. The number of homes on the market for more than 120 days decreased from 33% the quarter before to 10%, below the the 33% market average. Contribution margin improved every month since September, when this all got started, and recent monthly cohorts are selling faster than corresponding months for every year since the pandemic.
A reality check This kind of progress should send the stock up, not down. But after the stock had an astronomical rise last year, the company is now doing the practical work of demonstrating that it can meet the moment. Early progress is great, but Opendoor is unprofitable and operating in a challenging environment. Interest rates aren't coming down right now, and the housing market is still under pressure.
The market has already priced in a potential recovery, and the company is still proving itself.
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
ProFrac refinancovala revolvingový úvěr zajištěný aktivy na 300 mil. USD a prodloužila splatnost do července 2030. Nová linka nahrazuje předchozí 275milionovou facility a zvyšuje likviditu.
WILLOW PARK, Texas--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") today announced that, on July 1, 2026, ProFrac Holdings II, LLC, as borrower (the “ABL Borrower”), the guarantors party thereto and the lenders party thereto entered into a new credit agreement with Eclipse Business Capital LLC (“Eclipse”), as agent, collateral agent, swingline lender, lead arranger and bookrunner, providing for a $300 million asset-based revolving credit facility (the “Eclipse ABL Credit Facility”), which refinanced and replaced the Company’s preexisting $275 million asset-based revolving credit facility under that certain Credit Agreement, dated as of March 4, 2022, with JPMorgan Chase Bank, N.A., as agent and collateral agent, as most recently amended by the Ninth Amendment to Credit Agreement, dated as of March 3, 2026 (the “Preexisting JPM ABL Facility”). The Eclipse ABL Credit Facility will mature in July 2030.
Highlights
Refinances the Preexisting JPM ABL Facility, which would mature in September 2027, with the Eclipse ABL Credit Facility, which matures in July 2030 Provides improved borrowing base terms to position the Company with increased liquidity Improves maximum facility size from $275 million to $300 million Extends the Company’s ABL maturity profile and provides additional runway Transaction Overview
Proceeds of loans under the Eclipse ABL Credit Facility were used to repay amounts outstanding under the Preexisting JPM ABL Facility and to pay certain fees and expenses. This refinancing transaction provides the Company with additional liquidity compared to the Preexisting JPM ABL Facility and an extended ABL maturity profile to support continued execution of its strategic initiatives. The credit agreement governing the Eclipse ABL Credit Facility (the “Eclipse Credit Agreement”) provides for revolving commitments of up to $300 million on the closing date, compared to $275 million under the Preexisting JPM ABL Facility, and includes an uncommitted accordion feature that permits the ABL Borrower to request increases in the facility of up to $25 million in the aggregate, subject to the terms and conditions set forth therein, for a maximum facility size of up to $325 million.
The Eclipse ABL Credit Facility is secured by liens on substantially all of the assets of the ABL Borrower and the guarantors, subject to permitted liens, certain exceptions and the applicable intercreditor agreement. The liens securing the Eclipse ABL Credit Facility are first-priority liens on current asset collateral and, to the extent applicable, second-priority liens on fixed asset collateral.
Borrowings under the Eclipse Credit Agreement bear interest at Adjusted Term SOFR plus 4.25% until January 1, 2027, and thereafter at a per annum rate equal to either (i) the Base Rate plus an applicable margin ranging from 3.00% to 3.50% or (ii) Adjusted Term SOFR plus an applicable margin ranging from 4.00% to 4.50%, in each case based on availability and a fixed charge coverage ratio pricing grid.
The Eclipse Credit Agreement matures on July 1, 2030, unless terminated earlier in accordance with its terms, and borrowings thereunder are subject to customary conditions precedent. The Eclipse Credit Agreement also contains various representations, warranties and affirmative and negative covenants that the Company considers customary for asset-based lending facilities.
The Eclipse Credit Agreement contains customary events of default, including, without limitation, nonpayment of principal, reimbursement obligations in respect of letters of credit, interest, fees or other amounts, material inaccuracy of representations and warranties, covenant defaults, cross-defaults to certain material indebtedness, insolvency proceedings, judgments, ERISA events, change of control and certain invalidity or unenforceability events. During the continuance of an event of default, the applicable interest rate may increase by 2.00%, subject to certain exceptions and cure rights.
The foregoing description is a summary of the material terms of the Eclipse Credit Agreement and is not complete and is subject to, and qualified in its entirety by, the complete text of the Eclipse Credit Agreement which will be filed as an exhibit to the Company’s Current Report on Form 8-K.
Advisors
Moelis & Company LLC acted as exclusive placement agent, and Gibson, Dunn & Crutcher LLP acted as legal counsel to ProFrac in connection with the refinancing.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a technology-focused, vertically integrated, innovation-driven energy services holding company providing hydraulic fracturing, proppant production, other completion services and other complementary products and services including distributed power generation to leading upstream oil and natural gas companies engaged in the exploration and production (“E&P”) of North American unconventional oil and natural gas resources throughout the United States. ProFrac operates in four business segments: Stimulation Services, Proppant Production, Manufacturing, and Flotek. For more information, please visit ProFrac’s website at www.PFHoldingsCorp.com.
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be accompanied by words such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “momentum,” or similar words. Forward-looking statements relate to future events or the Company’s future financial or operating performance. These forward-looking statements include, among other things, statements regarding: the Company’s strategies and plans for growth; the Company’s positioning, resources, capabilities, and expectations for future performance; customer, market and industry demand and expectations; customer contracts, activity, relations, or pricing; fleet deployment levels; the Company’s expectations about price fluctuations, global activity, market reactions and macroeconomic conditions impacting the industry; competitive conditions in the industry; success of the Company’s ongoing strategic initiatives; the Company’s intention to increase the number of fully integrated fleets; the Company’s currently expected guidance regarding its 2026 financial and operational results; the Company’s ability to earn its targeted rates of return; the Company’s ability to achieve or realize benefits from its asset optimization program; pricing of the Company’s services in light of the prevailing market conditions; the Company’s currently expected guidance regarding its planned capital expenditures; statements regarding the Company’s liquidity and debt obligations; the Company’s anticipated timing for operationalizing and amount of contribution from its fleets and its sand mines; the amount of capital that may be available to the Company in future periods; any financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; any estimates and forecasts of financial and other performance metrics; and the Company’s outlook and financial and other guidance. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability to achieve the anticipated benefits of the Company’s acquisitions, mining operations, and vertical integration strategy, including risks and costs relating to integrating acquired assets and personnel; risks that the Company’s actions intended to achieve its 2026 financial and operational guidance will be insufficient to achieve that guidance, either alone or in combination with external market, industry or other factors; the failure to operationalize or utilize to the extent anticipated the Company’s fleets and sand mines in a timely manner or at all; the Company’s ability to deploy capital in a manner that furthers the Company’s growth strategy, as well as the Company’s general ability to execute its business plans; the risk that the Company may need more capital than it currently projects or that capital expenditures could increase beyond current expectations; risks regarding the ability to access to additional capital on acceptable terms or at all; industry conditions, including fluctuations in supply, demand and prices for the Company’s products and services and for oil and natural gas; global and regional economic and financial conditions, including as they may be affected by hostilities in the Middle East and in Ukraine, as well as the instability in Venezuela; the effectiveness of the Company’s risk management strategies; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov.
Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved, in whole or part, or that any of the contemplated results of such forward-looking statements will be realized, including without limitation any expectations about the Company’s operational and financial performance or achievements through and including 2026. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, it expressly disclaims any duty to update these forward-looking statements, except as otherwise required by law.
Solstice Advanced Materials a Element Solutions jednají o fúzi, která by mohla vytvořit chemickou firmu s hodnotou kolem 27 miliard USD včetně dluhu. Dohoda by měla být převážně akciová s částí v hotovosti.
SummaryCompaniesDeal could come together as soon as this week, FT reportsMerger likely to be mostly stock-based with some cash, FT reportsJuly 6 (Reuters) - Honeywell (HON.O), opens new tab spinoff Solstice Advanced Materials (SOLS.O), opens new tab is in talks to merge with Element Solutions (ESI.N), opens new tab in a deal that could create a chemicals company valued at about $27 billion including debt, the Financial Times reported on Monday.
The talks happen as both companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing.
Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.
Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be mostly stock with some cash, could come together as soon as this week, the FT report said, citing people familiar with the talks.
No formal agreement had been reached and the discussions could still fall apart, the report said.
Neither company responded to Reuters requests for comment outside regular business hours.
Solstice, which was spun off from Honeywell last year, makes specialty chemicals and materials used in industries, including semiconductor, refrigeration, nuclear power and healthcare.
The company said in May that increasing demand for its thermal management and refrigerant products in AI-driven data centers, as well as the growing need for advanced computing solutions in semiconductor electronic materials, was helping growth.
Element Solutions, which primarily supplies specialty chemicals for electronics manufacturing, reported more than 40% growth in first-quarter revenue this year, driven mainly by AI-related demand.
Solstice has a market value of about $12.73 billion, while Element Solutions is valued at $10.63 billion, according to LSEG data.
Their shares have risen sharply this year, with Element Solutions up nearly 75% and Solstice up about 65%.
Reporting by Sumedha Mukherjee and Shubham Kalia in Bengaluru; Editing by Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SoFi Technologies v 1. čtvrtletí zvýšila očištěné čisté tržby o 41 % a počet nových členů dosáhl rekordních 1,1 milionu. Akcie ale po reportu short-sellera zůstávají pod tlakem.
SoFi Technologies (SOFI 1.06%) stock dropped 32% in the 2026 first quarter, according to data provided by S&P Global Market Intelligence. A short-seller report that put the market on edge, and investors have been scrutinizing the digital bank's performance with a fine-tooth comb.
Most things are going right It's curious how low SoFi stock has fallen, considering how fast it's growing. In the 2026 first quarter, adjusted net revenue growth accelerated to 41% year over year. Its core business, lending, is driving the growth, with a 53% increase in adjusted net revenue. Lending products increased by 33%, and contribution profit was up 60%. Loan originations increased 68%, with healthy growth in all of its categories -- 51% in personal loans, 119% in student loans, and 137% in home loans, which is even more impressive as interest rates remain high.
Image source: Getty Images.
SoFi is onboarding new members at a rapid pace, with record add-ons of 1.1 million in the first quarter. The cross-selling strategy is strong, and cross-buy accelerated to 43%. SoFi has expanded into a complete digital financial app, and its financial services segment, which includes non-lending products like investing tools and bank accounts, is also growing fast. Revenue was up 41% year over year in the first quarter, and contribution profits increased 32%.
Management sees an enormous opportunity to attract new customers and convert them to new products. It's constantly adding new features and services to the platform, with many based around cryptocurrency, and it recently acquired artificial intelligence (AI) investing tool, Composer.
What's going wrong In March, Muddy Waters put out a short-seller report alleging misleading accounting practices. SoFi vigorously denied the claims, but the damage had been done.
Today's Change
(
-1.06
%) $
-0.20
Current Price
$
18.25
But it's more than that. SoFi stock is expensive, and carrying a premium valuation makes it susceptible to falling if there are any errors. While the company as a whole is demonstrating robust performance, it's not flawless. For example, its third segment, Tech Platform, has been a bit of a bust. Management likens it to the Amazon Web Services (AWS) of financial infrastructure, and it has highlighted how the technology has helped it release new features quickly. But it has been growing at mediocre rates at best, and sales were down 27% from the prior year in the first quarter.
At the current price, SoFi stock trades at 41 times trailing 12-month earnings, which is still expensive, but reasonable considering the company's future opportunity.
Lighter (LIT) vyskočil o více než 20 % na 2,6 USD po úpravě tokenomiky, která zavádí trvalé spalování a nový staking model. Burza už odkoupila asi 15,5 milionu LIT.
Lighter (LIT) surged more than 20% on Monday to $2.6, its highest level since January, after the perpetuals exchange unveiled a tokenomics overhaul that adds permanent burns and a revamped staking model.
The move made LIT the top gainer among the 100 largest cryptocurrencies. It extended a rally that has lifted the token roughly 40% over the past week, far outpacing the broader market.
Lighter (LIT) Token Price Performance. Source: BeInCrypto MarketsFollow us on X to get the latest news as it happens
Lighter Introduces Tokenomics UpdateLighter has bought back LIT with exchange revenue after its token launch. The exchange said it has repurchased about 15.5 million LIT, or roughly 6.3% of the circulating supply. Lighter said it plans to use the buybacks to permanently reduce the LIT supply through burns.
The burns will run by sending LIT to a burn address on the Ethereum (ETH) mainnet. Lighter plans its first burn in the weeks after the second quarter closes. It noted it may burn undistributed LIT rather than the exact repurchased tokens.
“This is economically equivalent for LIT holders and allows Lighter to manage treasury operations efficiently and avoid unnecessary costs,” the exchange said.
Staking Rewards Shift to ReserveLighter also changed how it funds staking rewards. Since launching its staking program in January, it has distributed about 3.72 million LIT using pre-TGE revenue, including roughly 170,000 LIT through its fee credits program.
That approach is ending. The exchange will now fund staking rewards using its remaining ecosystem tokens, which total 250 million LIT.
The protocol is targeting a 6% annualized staking yield. With about 125 million LIT currently staked, that would distribute roughly 7.5 million LIT per year.
LIT still trades well below its $7.86 record set in December. Whether the new model sustains demand may hinge on trading revenue holding up in the months ahead.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Meta Platforms zvažuje vlastní cloudový byznys a prodej přebytečné výpočetní kapacity, což má zmírnit obavy z vysokých výdajů na infrastrukturu. Minulý kvartál jí tržby vzrostly o 33 % na 56,3 miliardy USD.
Meta Platforms (META 4.80%) has been one of the best companies at applying artificial intelligence (AI) to its core business to drive growth. However, the stock has nonetheless struggled amid investor concerns about its high spending on data center infrastructure.
The company helped allay investors' fears when it was announced that the social media giant planned to sell excess computing power and launch its own cloud business. The move would put it into the same business as Amazon, Microsoft, and Alphabet.
Like all three of those companies, Meta has a strong, growing core business that generates substantial operating cash flow. However, it has been their cloud computing units that have driven growth for these companies, as demand for both AI infrastructure services and solutions has been insatiable.
Image source: The Motley Fool.
Moving to the cloud According to Bloomberg, Meta is still deciding whether to sell access to its computing infrastructure or host large language models (LLMs) in its data centers. Meta has developed its own LLMs, and many cloud providers offer their customers third-party AI models like those from Anthropic and OpenAI.
Regardless of which route it goes, the move into cloud computing demonstrates that there is currently so much demand for these services that it is difficult to overbuild your own AI infrastructure, since you can just rent it out to someone else. This is also something that Elon Musk's Space Exploration Technologies (a.k.a. SpaceX) has done, getting strong rates from other players in the field that need the capacity.
Today's Change
(
-4.80
%) $
-29.41
Current Price
$
583.50
For the stock, it should let investors focus on Meta's core business, which has been hitting on all cylinders. Last quarter, the company saw its revenue growth accelerate, climbing 33% to $56.3 billion.
The growth was driven by a combination of increased ad impressions, which jumped 19% year over year, and higher ad prices, which climbed 12% year over year. Meta is using AI to improve its recommendation algorithm, which keeps users on its apps longer and allows it to serve more ads to them. At the same time, AI is helping advertisers better target and convert users, which is driving up ad prices.
Despite its strong and accelerating revenue growth, Meta trades at a forward price-to-earnings ratio (P/E) of only 18 times this year's analyst estimates. That's cheap for a leading company with that type of growth.
With the move into cloud computing helping ease concerns about overspending and bolstering its strong core business, Meta is one of my favorite AI stocks to own right now for the long term.
Geoffrey Seiler has positions in Alphabet, Amazon, and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
By all accounts, the stock should be up. Deliveries and production of its electric vehicles (EVs) were both up sequentially and year over year, handily topping analysts' expectations.
Yet Tesla (TSLA 7.35%) shares tumbled on Thursday after its report showed it delivered 480,126 EVs during the three months ending in June while also manufacturing 451,758 automobiles. Most analysts were only looking for deliveries of a little over 400,000.
Data source: Tesla. Chart by author.
Importantly, strong deliveries cleared out Q1's concerning inventory buildup. The strong numbers confirm that the company can not only consistently make automobiles in large numbers but also that its brand still enjoys a certain marketability cache. It just wasn't enough to satisfy investors.
But there's more to the story.
Several stumbling blocks, all of which may have tripped the stock up There are a handful of theories about this stock's setback. And all of them are reasonable. All of them may have contributed to the sell-off, too.
The prevailing explanation is that American automakers Ford Motor Company and General Motors both suffered severe drop-offs in their U.S. electric vehicle businesses in Q2, which has obvious bearish implications for Tesla as well.
Image source: Getty Images.
It's not necessarily doing as well as it seemingly should be overseas, either. Although the company doesn't divulge regional unit data, the China Passenger Car Association reports that over half of Tesla's Q2 deliveries were made in China, where Tesla is doing well but not as well as its top EV rival BYD (BYDDY +3.68%). BYD delivered nearly 400,000 new-energy vehicles within China in June alone, versus only 89,091 Tesla-made EVs. Moreover, after a catastrophic drop in BYD's global deliveries in Q1 -- to levels below Tesla's -- the Chinese company bounced back last quarter, delivering a Tesla-beating 557,090 units worldwide.
Then there's the simple possibility that this is nothing more than a "buy the rumor, sell the news" event, where good news is already priced into a stock. Once the news is reported, there's nothing else new to price in. The next move from that ticker's recent buyers is an exit. To this end, Tesla shares had rallied 12% in just the three days leading up to Thursday's report, setting the stage for profit-taking.
Today's Change
(
-7.35
%) $
-31.26
Current Price
$
394.04
Or, maybe investors were simply trying to clean up their portfolios before U.S. exchanges closed for a three-day holiday weekend.
Don't overthink it Regardless of the reason, Thursday's sizable sell-off doesn't necessarily mean much and certainly doesn't change the stock's overarching investment thesis. Tesla has always been a volatile ticker, pushed and pulled by an ever-changing global EV market, energy storage market, and soon, the AI robot market. You own this name for the long haul because it's a leading brand and has the greatest potential to capitalize on these industries' ongoing growth. That's also why you pay a premium for it.
To this end, all the post-report noise and chatter aside, Tesla's second-quarter delivery and production numbers are precisely the sort of progress and resiliency the bulls want to see ... at least on the EV front.
Boeing v pondělí spustí čtvrtou montážní linku 737 MAX v Everettu, aby zvýšil výrobu při silné globální poptávce. Linka North Line zatím nepřispěje k navýšení z 42 na 47 letadel měsíčně před začátkem roku 2027.
The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin/File Photo Purchase Licensing Rights, opens new tab
EVERETT, July 6 (Reuters) - Boeing (BA.N), opens new tab plans to begin operating a fourth 737 MAX assembly line on Monday at its Everett, Washington, factory.
The new line, known inside Boeing as the North Line, is part of the U.S. planemaker's long-term plans to significantly increase output of its popular single-aisle jetliner to keep up with historically high global demand for jets.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Boeing CEO Kelly Ortberg said in June the company would "load" the first aircraft onto the Everett line on July 6. He described the line as a copy of the three 737 final assembly lines in Boeing's Renton plant, south of Seattle.
The start comes as Boeing ramps 737 production from 42 to 47 jets a month after consulting with the Federal Aviation Administration. The North Line is not expected to contribute to any rate increases before early 2027, when Boeing aims to increase 737 output to 52 jets a month.
The company is studying increasing the 737 production rate to as much as 70 jets per month.
Boeing needs to increase 737 output to help regain its financial footing after years of production disruptions, safety crises and supplier strains.
The FAA imposed limits on Boeing's 737 production after a January 2024 midair blowout of a door plug on a nearly new Alaska Airlines 737 MAX 9. The incident intensified scrutiny of Boeing's manufacturing controls and forced the company to slow output while it addressed quality lapses.
The Everett plant is the world's largest building by volume. It once housed production lines for the 747, 767, 777 and 787, but it has considerable available factory space after the end of 747 production and the consolidation of 787 assembly in South Carolina.
The 737 MAX competes with Airbus' (AIR.PA), opens new tab A320neo family in the high-volume single-aisle market, where airlines are waiting years for new aircraft.
Reporting by Dan Catchpole in Seattle; Editing by Jonathan Oatis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
BlackRock spustí iShares Bitcoin Premium Income ETF, který má sledovat bitcoin a zároveň vyplácet výnos pomocí opční strategie. Roční výnos má činit 12,5 %.
Bitcoin (BTC 0.04%) is taking it on the chin. The dominant cryptocurrency currently trades 51% off its all-time record (as of July 2).
This bear market hasn't stopped BlackRock (BLK +1.57%) from continuing to expand its related product suite. With the January 2024 launch of the iShares Bitcoin Trust, the massive asset manager already has a stake in Bitcoin's success. Even with record net outflows in June, this exchange-traded fund (ETF) currently has $44 billion in total assets.
BlackRock isn't done. It just launched the iShares Bitcoin Premium Income ETF (BITA +2.19%) on June 9. Is this new investment vehicle a buy?
Image source: Getty Images.
Generating income from a no-yield asset The iShares Bitcoin Premium Income ETF "seeks to track the performance of bitcoin while generating premium income through an actively managed options strategy," according to its website. The ETF, which comes with an expense ratio of 0.65%, uses a covered call strategy. The portfolio's holdings consist of Bitcoin and the iShares Bitcoin Trust.
This ETF is different from BlackRock's previous Bitcoin offering. The iShares Bitcoin Trust owns the underlying cryptocurrency and a tiny amount of cash. Its sole purpose is to track the digital asset's price movements.
The iShares Bitcoin Premium Income ETF provides access to Bitcoin in a unique way. It caps exposure to Bitcoin's upside, since the options strategy forces the ETF to sell its positions if the crypto's price rises above a certain threshold. If its price is surging higher, these investors won't capture the entire gain.
However, the ETF provides better downside protection. If Bitcoin is volatile but continues to trade sideways, there's a nice income stream. Based on the ETF's upcoming July 8 distribution of $0.52 per share, the annual yield amounts to 12.5%.
Bitcoin doesn't produce income. The iShares Bitcoin Premium Income ETF is structured to provide investors with a way to earn a yield. Some market participants will find this extremely valuable.
Today's Change
(
2.19
%) $
1.07
Current Price
$
49.75
Built for a specific investor BlackRock offers 487 different ETFs to its client base. The investment firm has a front-row seat at the assets, themes, and exposures that the investment community desires. It can leverage its vast resources to create and distribute these products.
Therefore, I suspect there will be demand for the iShares Bitcoin Premium Income ETF, even though its asset base of $43 million is tiny right now. Bitcoin is in a bear market. Disappointed by the lack of any gains, investors are starved for yield. Leave it to a colossal Wall Street entity to engineer a product that can generate fee revenue, while targeting investors who are interested in a unique approach to Bitcoin.
Only buy this ETF if you expect the cryptocurrency's price to grow at a slow pace in the future. If you're extremely bearish, then stay away.
Bitcoin bulls, on the other hand, won't find this ETF attractive for their portfolios. To them, buying the digital asset outright and holding it in cold storage is still the best course of action.
Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin, BlackRock, and iShares Bitcoin Trust. The Motley Fool has a disclosure policy.
Bristol Myers Squibb má dividendový výnos 4,3 % a podle článku je zatím bezpečný, protože zisk pokrývá dividendu. Rizikem zůstává patentový útes v roce 2028, kdy Eliquis a Opdivo ztrácejí patentovou exkluzivitu.
Bristol Myers Squibb (BMY +3.98%) belongs to an elite group. Only two other large-cap healthcare stocks offer higher dividend yields. Bristol Myers Squibb's juicy yield of 4.3% is absolutely grabbing the attention of many income investors.
The drugmaker has paid a dividend for an impressive 94 consecutive years. Bristol Myers Squibb has increased its dividend for 17 straight years. But is its dividend safe now? Here's what investors need to know.
Image source: Getty Images.
The coverage, the cliff, and the catalysts Let's start with some good news. Bristol Myers Squibb's dividend payout ratio currently stands at 70%. While a lower ratio is preferable, the pharma giant's earnings are more than sufficient to cover its dividend right now.
Sure, Bristol Myers Squibb didn't generate enough free cash flow in the first quarter of 2026 to fund its dividend program. However, this reflected the negative impact of lower Eliquis pricing that should be largely offset later this year by lower rebate payments.
The bad news for Bristol Myers Squibb's dividend, though, is the company's looming patent cliff. Blockbuster drugs Eliquis and Opdivo lose patent exclusivity in 2028. These two products generated roughly half of Bristol Myers Squibb's total revenue last year.
However, the patent cliff is only part of the story. Bristol Myers Squibb's growth portfolio now represents the majority of the company's total revenue. Sales for newer products, including cancer immunotherapies Breyanzi and Opdualag, autoimmune disease drug Sotyktu, and schizophrenia therapy Cobenfy, are growing rapidly. The drugmaker's pipeline also features around 50 programs in development, several of which hold the potential to be growth catalysts.
Today's Change
(
3.98
%) $
2.22
Current Price
$
58.03
The verdict My take is that Bristol Myers Squibb's 4.3% dividend yield is safe, at least for the next couple of years. What about beyond that point? I'm cautiously optimistic.
I expect that Bristol Myers Squibb's growth portfolio will generate enough revenue that the company will be able to avoid cutting its dividend later this decade. It wouldn't surprise me, though, if the streak of dividend increases comes to a screeching halt.
That said, it's still possible that the patent cliff could hurt Bristol Myers Squibb worse than I'm anticipating. The drugmaker's debt also totaled $44.5 billion at the end of the first quarter of 2026. That's manageable but coud become problematic if the growth portfolio and pipeline don't deliver as I think they will.
I wouldn't completely rule out a dividend cut in the future. However, I still view this pharma stock as a good pick for income investors over the near term (and potentially over the long term, too).
On July 2, cybersecurity leader CrowdStrike (CRWD +0.52%) underwent a 4-for-1 stock split, reducing its share price to $193. The day before, the stock closed around $773 per share, and each stockholder of record received four shares for each share they held.
The price rose after the split took effect, up about 2% to $196 during the trading day. That's not unusual -- splits generally result in the stock price popping, both before and shortly after the split.
Since the split was announced on June 3, CrowdStrike's stock is up about 8%. This is because investors wanted to buy in to get the split, and they anticipate it getting a lift from its new, more accessible stock price.
Image source: Getty Images.
But does it really change anything for the stock beyond this short-term spike?
CrowdStrike stock is not cheap The stock has had a good year, up about 66% year to date on a split-adjusted basis.
It has been fueled by excellent performance. In the latest quarter, revenue rose 26% to $1.39 billion, and CrowdStrike posted net income of $28 million, up from a $104 million loss the same quarter a year ago. Its net new annual recurring revenue (ARR) jumped 32%, and it posted record free cash flow.
Today's Change
(
0.52
%) $
1.00
Current Price
$
194.19
Management raised its revenue and earnings guidance for fiscal 2027 and lifted its outlook for net new ARR by 520 basis points.
The company has great momentum, and the stock split should make it more accessible to more investors who can now more easily buy full shares.
But the concern is its valuation. CrowdStrike has a sky-high price-to-earnings ratio (P/E) of 401 but a more reasonable forward P/E of 39. I do think the stock is a buy, but it might be wise to wait for the split spike to subside and buy at a lower price.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike. The Motley Fool has a disclosure policy.
Ryan Specialty Underwriting Managers dokončila sérii konsorciálních smluv u Lloyd’s pro své globální syndikované portfolio delegovaného upisování. Šest syndikátů převezme dohromady 15% podíl a zapojení začne při obnovách od 1. srpna.
CHICAGO--(BUSINESS WIRE)--Ryan Specialty Underwriting Managers (“RSUM”), the underwriting management division of Ryan Specialty (NYSE: RYAN), is pleased to announce the completion of a series of Lloyd’s of London consortium stamps that will attach to its global syndicated P&C delegated underwriting portfolio. The consortium stamps are supported by six leading Lloyd’s syndicates and will take a combined 15% share on all classes, lines and geographies (except for a partial share of Velocity Risk Underwriters, RSUM’s critical CAT managing general underwriter). The consortium stamps will begin joining facilities at their natural renewals starting August 1st.
Miles Wuller, CEO of RSUM, commented, “We are proud of both the continued interest in our portfolio and our ability to transform our diverse, highly curated, well-performing family of businesses into an accessible specialty insurance asset. Moreover, we are pleased to contribute broad-based data and structural efficiency to the specialty marketplace.
“I would like to highlight the forward-looking investment Ardonagh has made in Axiiem, its technology-enabled digital exchange, which will serve as the facilitation agent for the structure,” Miles added. “We appreciate Lloyd’s constructive support throughout the process, helping bring together market-leading expertise and capacity. Additionally, we would like to thank Markel for their cornerstone support, and all the new and existing syndicate stakeholders that brought this transaction to life.”
About Ryan Specialty Underwriting Managers
Ryan Specialty Underwriting Managers is an industry leader in delegated authority underwriting services. Our family of managing general underwriters and national programs have the expertise and authority to design, underwrite, bind, and administer a diverse portfolio of risks. Our value proposition originates with our 1500+ industry professionals who are empowered by centralized technical support and policy lifecycle administration, coupled with a broad distribution network of retail and wholesale brokers. We have been diligently servicing our valued clients and trading partners since our establishment in 2010 and now have operations in North America, the UK, Europe, the Middle East and Asia Pacific. To learn more, please visit rsum.com.
HomeIndustriesComcast to pay $1.6 billion in cash upfront as well as contribute a studio arm to ITVJuly 6, 2026, 3:21 a.m. ET
ITV is selling its broadcast unit to Comcast's Sky. Photo: paul ellis/Agence France-Presse/Getty ImagesJust a week after Comcast announced a plan to spin off NBCUniversal, the Philadelphia media-and-broadband conglomerate said it’s buying a British broadcaster.
Comcast’s CMCSA Sky division says it will pay £1.2 billion ($1.6 billion) in cash and up to £200 million more, depending on advertising performance, to ITV in return for the U.K. company’s media and entertainment business, which comprises its free-to-air television, pay TV and streaming unit.
About the Author
Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
