Innoviva, Inc. (INVA) Draws Bullish View From Cantor on Recurring Royalty Strength
Cantor Fitzgerald reaffirmed an Overweight rating on Innoviva (INVA) with a $32 price target, citing the strength of its recurring royalty stream that generated roughly $250 million in 2025. The specialty therapeutics segment contributed $175 million in trailing‑12‑month revenue, underscoring growth beyond core respiratory royalties. Innoviva also holds about 70 % of Armata Pharmaceuticals, positioning it for long‑term upside. The company is well‑capitalized and has multiple value‑accretive deployment options.
Premier Health Announces Termination of Forbearance Agreements With Principal Lenders and the Continuance of Its Strategic Review Process
Premier Health of America announced that its forbearance agreement with principal lenders was terminated on April 10, 2026 after the company fell out of compliance with key financial ratios. The termination reopens negotiations with lenders to resolve the default. Simultaneously,...
Nyobolt Closes Series C Round at $1B Valuation
Nyobolt announced a $60 million Series C round that lifts its valuation to $1 billion. The round was led by Symbotic, with participation from IQ Capital, Latitude, Scania Invest and CBMM. Funds will accelerate Nyobolt’s ultra‑fast charging technology for autonomous robots, AI‑intensive data...
Doug French, Telus CFO, Retiring From Position Next Month
Telus announced that Chief Financial Officer Doug French will retire next month, ending a decade-long tenure overseeing the company's financial strategy. The board will launch a search for a successor while French assists in a transitional handover. His departure comes...
Joseph Fingerman, Signature Bank's Former CRE Head, Is Growing A New Lending Force
Joseph Fingerman, former head of Signature Bank’s commercial‑real‑estate (CRE) unit, joined Peapack Private in March 2025 to spearhead its aggressive CRE expansion. Within his first year he is on track to originate $750 million in loans, driving the bank’s quarterly CRE...
Morningstar DBRS Confirms Coast Capital Savings Federal Credit Union's Long-Term Issuer Rating at BBB (High), Stable Trend
Morningstar DBRS confirmed Coast Capital Savings Federal Credit Union’s long‑term issuer rating at BBB (high) with a Stable trend, alongside an R‑1 short‑term rating. The rating reflects the credit union’s expanded footprint after merging with Prospera and Sunshine Coast Credit...
Loandepot Files $250 Million Shelf Registration
Loandepot filed a $250 million shelf registration with the SEC, giving it the option to raise capital through equity, debt or hybrid securities. The move follows a larger‑than‑expected first‑quarter loss and a 17.7% drop in cash to $277.4 million. The company carries...
Trillium M Project Co General Partnership: Credit Rating Report
On April 27, 2026 DBRS Limited (Morningstar DBRS) affirmed an A (low) issuer rating with a stable outlook for Trillium M Project Co General Partnership. The rating also covers its $340.1 million Series A bonds and $1,150.7 million Series B bonds, which finance the...
Trump Media & Technology Group Reports First Quarter 2026 Results
Trump Media & Technology Group (TMTG) posted Q1 2026 results showing total assets of $2.2 billion and financial assets of $2.1 billion, nearly three times the prior year’s level. The company recorded a fourth consecutive quarter of positive operating cash flow, generating $17.9 million,...
Morningstar DBRS Discontinues and Withdraws Rating on San Bernardino County Transportation Authority I-10 Express Lanes Project
Morningstar DBRS withdrew its credit rating on the $225 million 2021 TIFIA loan financing the San Bernardino County Transportation Authority I‑10 Express Lanes Project, acting at the issuer’s request. The loan, maturing on December 31, 2057, was rated under DBRS’s public‑private partnership and TIFIA‑specific...
Munis Steady, USTs Largely Ignore Jobs Report
Municipal bond yields held steady across maturities on Friday despite a stronger‑than‑expected 115,000 nonfarm payroll increase in April. Treasury yields edged lower, falling up to three basis points, as investors remained more focused on geopolitical developments in the Middle East...
NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2026
NI Holdings reported Q1 2026 results showing a 15% drop in gross premiums to $57.5 million, driven by the exit from non‑standard auto lines. The combined ratio improved to 79.7% from 94.4% a year earlier, reflecting stronger underwriting in Home, Farm...
MegaETH Kicks Off MEGA Buybacks
On May 7, the MegaETH Foundation executed its inaugural MEGA token buyback, using all net rewards generated by the USDm stablecoin issuer through April. USDm’s circulating supply has surged to $480 million, up from about $63 million at the token generation event, reflecting...
Entera Announces First Quarter 2026 Financial Results and Updates Across Its Oral Peptide Programs
Entera Bio reported Q1 2026 results, highlighting a streamlined Phase 3 protocol for its lead osteoporosis candidate EB613 and a completed Phase 1 bridging study that positions a single‑tablet formulation for the upcoming trial. The company also advanced its partnership with OPKO, securing...
Morningstar DBRS Confirms Republic of Poland at "A", Negative Trend
Morningstar DBRS confirmed Poland’s long‑term sovereign rating at A with a Negative outlook, while short‑term ratings remain R‑1 (low) and stable. The agency highlighted a widening fiscal deficit of about 6.7% of GDP and a public‑debt trajectory that could climb...
Doman Building Materials Group Ltd. Reports First Quarter 2026 Financial Results
Doman Building Materials Group Ltd. posted first‑quarter 2026 revenue of CAD 762 million (≈US $564 M), a 4% decline from the prior year, as lower pricing hit core construction‑material categories. Gross margin improved to 17.0% versus 16.7% a year earlier, while EBITDA slipped to...
Fed Sees Private Credit Redemptions as ‘Manageable’ Risks
The Federal Reserve’s latest financial‑stability report says that redemption requests from private‑credit funds remain “limited and manageable,” despite modest outflows exceeding inflows in the first quarter of 2026. The central bank highlighted that several large private‑credit managers have temporarily blocked...
Cash, Debt, Budget and Disclosure in Uncertain Times
Unpredictable federal actions in 2025‑2026—shutdowns, grant terminations and funding freezes—have left municipalities scrambling to align cash inflows with budgeted expenditures. Public‑finance professionals are urged to adopt real‑time treasury solutions that track actual bank activity, forecast variances, and enable rapid response...
Berkshire’s Incoming CFO to Reap $8M Salary in Post-Buffet Era
Berkshire Hathaway announced that its incoming chief financial officer, Charles Chang, will earn an $8 million cash salary starting June 1, nearly double the $4.3 million paid to former CFO Marc Hamburg. The filing also grants Hamburg up to 30 NetJets flight hours...
How to Avoid Falling Victim to Cascading Risks
Risk management is shifting from siloed, single‑event approaches to a portfolio view that accounts for cascading, nonlinear impacts. Experts at the Riskworld conference warned that product liability, regulatory penalties, or a single facility outage can trigger multiple insurance lines and...
AlphaSense CFO Dedicates at Least 10 Hours per Week to AI Skills
Samantha Greenberg, newly appointed CFO of AlphaSense, has pledged to spend at least 10 hours each week learning and applying artificial‑intelligence techniques. She describes a hands‑on approach that includes workshops, research and building with AI to run an AI‑native finance...
STK-Parent One Group Says Cost-Cutting Efforts Are Paying Off
One Group, the parent of upscale‑dining brands STK, Benihana and Kona Grill, has intensified cost‑cutting measures that are now bearing fruit. In Q1, restaurant‑level operating margins rose 100 basis points year‑over‑year to 19%, with STK’s margin jumping 280 basis points...
Bowie State University Plans to Cut Nearly 80 Jobs
Historically Black Bowie State University in Maryland announced plans to eliminate 79 jobs as it confronts an $18 million budget shortfall for fiscal 2027. The deficit stems from declining enrollment, rising operating costs and a roughly 1 % cut in state funding,...
Analyst Report: Stanley Black & Decker Inc
Stanley Black & Decker reported $15.1 billion in revenue for 2025, with roughly 87% coming from its Tools & Outdoor segment. The company used proceeds from the recent sale of its aerospace business to retire a portion of its debt, improving...
ADAMA Reports 2.9x Increase in Reported Net Profit and Four Percent Sales Growth in Q1 2026
ADAMA Ltd posted first‑quarter 2026 results showing sales of $1.037 billion, up 4% year‑over‑year, and an adjusted gross profit of $318 million, a 5% increase with margin edging to 30.6%. Reported net profit surged 2.9‑times to $82 million, while adjusted net profit rose...
SEC Chair Atkins Signals New Rules for Onchain Markets, AI-Driven Finance
SEC Chair Paul Atkins announced that the agency is weighing formal rulemaking to address on‑chain trading platforms, crypto vaults and blockchain settlement infrastructure, reflecting the rise of AI‑driven finance. He argued that current securities laws do not neatly fit multi‑function...
Cash Is King, Long Live Consumer Use Tax Automation
Amid heightened economic uncertainty, CFOs are tightening working capital and cash flow management. Indirect tax teams can boost liquidity by automating consumer use tax, which is often over‑reserved due to manual processes. Automation delivers higher determination accuracy, lowers accrual variance,...
AI Money Keeps Flowing as Deepseek Plans Record Raise and Core Automation Quadruples Valuation in Weeks
Deepseek, a Chinese AI lab, is planning a funding round of up to 50 billion yuan ($7.35 billion), which could lift its valuation beyond $51.5 billion. Founder Liang Wenfeng intends to contribute up to 40% of the capital himself, underscoring strong founder confidence....
Visteon Q1 Net Sales $954 Million, Outpacing Market Growth by 3%
Visteon reported first‑quarter 2026 net sales of $954 million, outpacing the automotive market by three percentage points. Adjusted EBITDA rose to $104 million and net income reached $31 million, while operating cash flow was modest at $6 million. The company secured $1 billion in new...
Daiichi Sankyo Posts 'Extraordinary Loss' Of Nearly $1B
Daiichi Sankyo announced it is scrapping its planned antibody‑drug‑conjugate (ADC) manufacturing line, a move that triggered an extraordinary loss of 149.4 billion Japanese yen (approximately $950 million). The loss reflects a write‑down of capital expenditures and R&D investments tied to the abandoned...
Exchange 2026: How ETFs Are Democratizing the CLO Market
Collateralized loan obligations (CLOs), a roughly $1 trillion market, are moving beyond institutional walls thanks to exchange‑traded funds. Tim Wickstrom of Reckoner Capital highlighted that CLO ETFs provide retail investors with floating‑rate exposure, higher yield potential and minimal duration risk. The...
Grant Thornton U.S. Launches In-House Audit Transformation Platform
Grant Thornton has unveiled its proprietary audit transformation platform, gtap (Grant Thornton Analytics & Automation Platform), to embed AI, analytics and automation throughout the audit process. The cloud‑based, self‑service infrastructure standardizes data ingestion from any ERP system, enabling full‑population analysis...
How Politicians Should Talk to Bond Markets
Politicians increasingly need to tailor their language to sovereign bond investors, emphasizing credibility, consistency and clear fiscal roadmaps. The article argues that market confidence hinges on transparent policy signals rather than political rhetoric, especially ahead of elections or budget cycles....
Kraken Parent Goes for the OCC Charter in Bid to Become a Federal Crypto Bank
Payward, the parent of crypto exchange Kraken, has filed an application with the U.S. Office of the Comptroller of the Currency for a national trust company charter. If approved, the new Payward National Trust Company would provide federally regulated custody...
Morgan Stanley Alum Joins as SMBC Managing Director
SMBC has hired a former Morgan Stanley executive as a managing director in its securitized products and capital solutions division. The new hire will oversee the bank's expanding global securitization platform, adding depth to its CLO and structured finance capabilities....
Vodafone Group Weighs Stake Transfer to Support Vodafone Idea’s Fundraising: Report
Vodafone Group is exploring a transfer of part of its 19% stake in Vodafone Idea (Vi) to the Indian carrier’s treasury holdings, a move designed to shore up Vi’s capital base after the government cut its spectrum‑related adjusted‑gross‑revenue (AGR) dues...
Investor Intentions: Kiwoom Asset Management Open to North American and Western Europe Funds
Kiwoom Asset Management, a South Korean firm, announced it will actively court institutional investors from North America and Western Europe. The manager emphasized a relatively risk‑averse stance in its private‑equity allocations, aiming to attract capital seeking lower‑volatility exposure. By broadening...
SoftBank Reportedly Slashes OpenAI-Backed Loan From $10 Billion to $6 Billion as Lenders Balk at Private AI Valuations
SoftBank has trimmed its planned margin loan backed by its OpenAI stake from $10 billion to up to $6 billion. The reduction reflects lender discomfort with pricing a private AI company whose valuation remains opaque. The loan, secured by SoftBank’s OpenAI shares,...
Hong Kong Raises €750m From First Green Bond in 2026
Hong Kong’s monetary authority issued a €750 million ($882 million) green bond, marking the city’s first sovereign green issuance in 2026. The bond, the largest sovereign sustainable debt in the Asia‑Pacific region, is earmarked for renewable energy, clean transport and climate‑resilience projects....
Muni Market Continues to Adopt Electronic Trading
Electronic trading of municipal bonds hit a new high in Q1 2026, with 21 % of total muni volume executed electronically, up from 20 % the prior quarter. The uptick reverses the usual seasonal dip and signals accelerating adoption across both the buy‑side...
ECB's Lagarde’s Digital Euro Warning: Why Europe Shouldn’t Just Copy the U.S. Stablecoin Model
ECB President Christine Lagarde cautioned that the $310 billion stablecoin market, dominated by U.S. dollar‑pegged tokens, poses systemic risks that could spill over into asset markets during stress. She argued Europe should not replicate the private stablecoin model but instead develop...
![[Update] Zaggle Revises DICE Deal Structure, Cuts Acquisition Cost To ₹68 Cr](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2024/12/zaggle-MA-social-.png)
[Update] Zaggle Revises DICE Deal Structure, Cuts Acquisition Cost To ₹68 Cr
Zaggle has restructured its planned acquisition of DICE, lowering the purchase price to roughly ₹68 crore (about $8.2 million) from the earlier ₹123 crore estimate. The revised deal targets only DICE’s AI‑enabled spend‑management platform, its intellectual property, enterprise contracts and about 100 technology...
Keystone National Lends $46M for Arizona Industrial Campus
Silver Creek Development secured a $46 million construction take‑out loan from Keystone National for its newly built Sossaman Business Campus in Mesa, Arizona. The 330,492‑square‑foot, eight‑building site targets technology tenants in semiconductor, aerospace and defense sectors. Arrow Real Estate Advisors negotiated...
Why Are IAG Shares Falling? British Airways Owner Hit by €9bn Fuel Bill
IAG warned that its 2026 jet fuel bill will swell to about €9 billion ($9.8 billion), driven by higher oil prices linked to the Iran war. Although first‑quarter revenue rose 1.9% to €7.18 billion ($7.8 billion) and operating profit jumped 77%, the fuel outlook...
GameStop's eBay Bid, Xbox's Leadership Reset and Candy Crush's Marketing Lessons | Week in Views
GameStop announced a $55.5 bn unsolicited offer for eBay, despite a market cap of $10.8 bn, raising questions about financing. Microsoft’s Xbox division is undergoing a leadership overhaul under Asha Sharma, bringing in AI and tech talent while veteran executives step back....
‘New Citi’ Makes Its Pitch
Citi used its first full investor day in four years to showcase a transformed, technology‑driven business model while still operating under two Federal Reserve and OCC consent orders. CEO Jane Fraser highlighted a modernized tech stack, $5 billion of self‑funded investments...
CrossCountry Raises Its Two Harbors Bid to $12 per Share
CrossCountry Mortgage has increased its bid for Two Harbors Investment to $12 per share, matching United Wholesale Mortgage’s latest offer. The move follows a surge in Two Harbors’ stock price, which traded above $12 in early May. UWM’s original share‑swap...
Lee Jeans up for Sale in Surprise Kontoor Move
Kontoor Brands announced that it is putting its Lee denim label up for sale after designating the brand and its $195 million Q1 revenue as discontinued operations. The move follows strong buyer interest and is intended to free resources for Wrangler...
Dasmond Koh’s NoonTalk Media Narrows Q3 Loss by 41.9% to S$0.4 Million
Dasmond Koh’s NoonTalk Media reported a Q3 loss of S$437,615 (≈ $324,000), a 41.9% improvement from the same quarter a year earlier. Revenue slipped 3.3% year‑on‑year to S$683,895 (≈ $506,000), driven by a 52.4% decline in the management and events segment and a...
Will the ‘Millionaires Tax’ Hurt Seattle Sports? It’s Complicated
Washington’s proposed “millionaires tax” imposes a 9.9% levy on income above $1 million starting in 2028, threatening Seattle’s historic tax‑free advantage for pro athletes. Seahawks GM John Schneider warns the tax could erode the team’s free‑agent recruiting edge, while lawyers cite...