Exxon Mobil (XOM) has agreed to acquire a 40% stake in Enterprise Products Partners’ (EPD) Bahia natural gas liquids (NGL) pipeline by contributing approximately $650 million, representing its share of project costs to date.
The 550-mile Bahia pipeline, currently in commissioning, will initially transport 600,000 barrels per day of NGLs from the Midland and Delaware basins in West Texas to Enterprise’s Mont Belvieu fractionation hub.
Following the deal’s expected close by early 2026, Exxon and Enterprise plan to expand Bahia’s capacity to 1 million barrels per day by adding pumping stations and constructing a 92-mile extension to Exxon’s Cowboy natural gas processing plant in New Mexico.
Exxon will hold a 70% interest in this extension, which is slated for completion by the end of 2027. This partnership aims to support growing Permian Basin volumes and enhance NGL infrastructure in the region
The 550-mile Bahia pipeline, currently in commissioning, will initially transport 600,000 barrels per day of NGLs from the Midland and Delaware basins in West Texas to Enterprise’s Mont Belvieu fractionation hub.
Following the deal’s expected close by early 2026, Exxon and Enterprise plan to expand Bahia’s capacity to 1 million barrels per day by adding pumping stations and constructing a 92-mile extension to Exxon’s Cowboy natural gas processing plant in New Mexico.
Exxon will hold a 70% interest in this extension, which is slated for completion by the end of 2027. This partnership aims to support growing Permian Basin volumes and enhance NGL infrastructure in the region
Marvell Technology (MRVL) plans to boost hiring in India amid the AI spending boom, aiming to grow its current 1,700-strong workforce by 15% annually over the next three years.
According to Marvell executive Navin Bishnoi, India is now likely the third-largest data center footprint globally, making it a strategic location for the company’s expansion.
Marvell, which produces application-specific integrated circuits including Amazon’s Trainium chips, is also engaging with hyperscalers and local companies to expand its client base.
This hiring surge aligns with Marvell’s broader strategy to tap into the growing global demand for AI infrastructure and accelerate research and development efforts in the region
According to Marvell executive Navin Bishnoi, India is now likely the third-largest data center footprint globally, making it a strategic location for the company’s expansion.
Marvell, which produces application-specific integrated circuits including Amazon’s Trainium chips, is also engaging with hyperscalers and local companies to expand its client base.
This hiring surge aligns with Marvell’s broader strategy to tap into the growing global demand for AI infrastructure and accelerate research and development efforts in the region
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Good Morning Trader! Nvidia couldn't save the rally. Indexes staged historic intraday swings Thursday—Nasdaq went from +2% to -2% in same session (first time since April). Solid earnings, strong jobs data, but market sold off anyway. Futures recovering Friday but AI volatility clearly not done.
Here are the highlights for today:
(Thursday's Wild Ride)
S&P 500 climbed +1.93% at peak, then closed -1.56%—biggest intraday swing since Liberation Day tariff chaos in April. Deutsche Bank: "Hard to pin blame on delayed September payrolls since risk assets initially took data well." Investors simply exhausted after breakneck AI rally.
(Jobs Data Mixed)
September payrolls finally released: 119K jobs added vs 50K expected—but unemployment ticked UP to 4.4% vs 4.3% forecast. UBS warns data quality "deteriorated dramatically" due to weak survey response rates and seasonal distortions. You can construct different narratives depending which line you focus on.
(Fed Rate Cut Fading)
Strong jobs number = good for economy but BAD for rate cut hopes. Fed now more likely to hold steady in December. Bitcoin sliding 3.1% Friday as crypto market structure bill uncertainty adds pressure. Gold flat at $4,044, 10-year Treasury holding at 4.08%.
(Oil Tanks on Peace Hopes)
Brent crude -1.2% to $62.62, WTI -1.4% to $58.15 after Zelensky agreed to work on US-drafted Ukraine peace plan. Both benchmarks headed for ~3% weekly loss. ANZ: "Any peace deal could release more oil onto global market" if accompanied by elimination of Russian sanctions.
(European Defense Crushed)
European defense stocks fell to lowest since September on Ukraine peace push. Aerospace and defense index -2.6% Friday, headed for biggest weekly loss since mid-October. Index up 200%+ since Russia invaded in 2022—now giving back gains as war may end.
(Retail Bright Spots)
Gap +6% after Q3 beat—comp sales hit highest level since Jan 2018, raised full-year revenue and margin guidance. Ross Stores +2% on 7% comp sales growth, operating margin 11.6% vs 10.6% expected. Intuit +3% on strong QuickBooks and Credit Karma performance. Discount retail winning.
(Losers Friday)
Elastic -13% DESPITE beat-and-raise quarter—investors focused on widening losses ($51.2M vs $25.4M year ago) rather than raised guidance. Pattern continues: good results punished if losses grow or expectations too elevated. Market showing zero tolerance for profitability gaps.
(Europe Weakening)
Germany manufacturing PMI dropped to 48.4 from 49.6—deeper into contraction. Employment falling faster amid declining backlogs. France manufacturing at 47.8, also missing 49 consensus. Eurozone showing renewed weakness heading into Q4, adding global growth concerns.
(Market Assessment)
Nvidia delivered but market couldn't hold gains—AI fatigue real. Jobs data good but complicates Fed path. Ukraine peace hopes crushing defense stocks and oil.
Retail showing bifurcation: discount thriving, others struggling. Volatility here to stay as macro narrative shifts from "AI boom" to "what now?"
Who's ready to trade the markets today? Let me see those hands!👍👎
Here are the highlights for today:
(Thursday's Wild Ride)
S&P 500 climbed +1.93% at peak, then closed -1.56%—biggest intraday swing since Liberation Day tariff chaos in April. Deutsche Bank: "Hard to pin blame on delayed September payrolls since risk assets initially took data well." Investors simply exhausted after breakneck AI rally.
(Jobs Data Mixed)
September payrolls finally released: 119K jobs added vs 50K expected—but unemployment ticked UP to 4.4% vs 4.3% forecast. UBS warns data quality "deteriorated dramatically" due to weak survey response rates and seasonal distortions. You can construct different narratives depending which line you focus on.
(Fed Rate Cut Fading)
Strong jobs number = good for economy but BAD for rate cut hopes. Fed now more likely to hold steady in December. Bitcoin sliding 3.1% Friday as crypto market structure bill uncertainty adds pressure. Gold flat at $4,044, 10-year Treasury holding at 4.08%.
(Oil Tanks on Peace Hopes)
Brent crude -1.2% to $62.62, WTI -1.4% to $58.15 after Zelensky agreed to work on US-drafted Ukraine peace plan. Both benchmarks headed for ~3% weekly loss. ANZ: "Any peace deal could release more oil onto global market" if accompanied by elimination of Russian sanctions.
(European Defense Crushed)
European defense stocks fell to lowest since September on Ukraine peace push. Aerospace and defense index -2.6% Friday, headed for biggest weekly loss since mid-October. Index up 200%+ since Russia invaded in 2022—now giving back gains as war may end.
(Retail Bright Spots)
Gap +6% after Q3 beat—comp sales hit highest level since Jan 2018, raised full-year revenue and margin guidance. Ross Stores +2% on 7% comp sales growth, operating margin 11.6% vs 10.6% expected. Intuit +3% on strong QuickBooks and Credit Karma performance. Discount retail winning.
(Losers Friday)
Elastic -13% DESPITE beat-and-raise quarter—investors focused on widening losses ($51.2M vs $25.4M year ago) rather than raised guidance. Pattern continues: good results punished if losses grow or expectations too elevated. Market showing zero tolerance for profitability gaps.
(Europe Weakening)
Germany manufacturing PMI dropped to 48.4 from 49.6—deeper into contraction. Employment falling faster amid declining backlogs. France manufacturing at 47.8, also missing 49 consensus. Eurozone showing renewed weakness heading into Q4, adding global growth concerns.
(Market Assessment)
Nvidia delivered but market couldn't hold gains—AI fatigue real. Jobs data good but complicates Fed path. Ukraine peace hopes crushing defense stocks and oil.
Retail showing bifurcation: discount thriving, others struggling. Volatility here to stay as macro narrative shifts from "AI boom" to "what now?"
Who's ready to trade the markets today? Let me see those hands!👍👎
ADMA Biologics (ADMA) has surged 159% since April 2024, driven by strong growth in its flagship product Asceniv. Q3 2025 revenue rose 12% year-over-year to $134.2 million, below earlier projections, but adjusted EBITDA grew 29% with expanding margins.
Management forecasts 23.5% revenue growth in 2026 to at least $630 million and expects a 56% adjusted EBITDA margin. FDA authorization for yield-enhanced production should boost output by about 20%.
Long-term guidance targets $1.1 billion revenue by 2029, with potential upside from new products like SG-001. While growth depends heavily on Asceniv, improving cash flow and margin expansion support a positive outlook.
The recent price dip to around $16 aligns with updated discounted cash flow valuations, making ADMA an attractive buy for investors comfortable with product concentration and execution risks.
Management forecasts 23.5% revenue growth in 2026 to at least $630 million and expects a 56% adjusted EBITDA margin. FDA authorization for yield-enhanced production should boost output by about 20%.
Long-term guidance targets $1.1 billion revenue by 2029, with potential upside from new products like SG-001. While growth depends heavily on Asceniv, improving cash flow and margin expansion support a positive outlook.
The recent price dip to around $16 aligns with updated discounted cash flow valuations, making ADMA an attractive buy for investors comfortable with product concentration and execution risks.
Michael Saylor’s company, Strategy (MSTR), faces the risk of being removed from MSCI’s equity indices due to its significant bitcoin holdings.
MSCI is considering excluding companies whose digital asset holdings make up 50% or more of their total assets.
JPMorgan warns that if Strategy is excluded, it could trigger passive fund outflows ranging from $2.8 billion to as much as $8.8 billion if other index providers follow suit.
This potential removal threatens to pressure Strategy’s valuation, reduce liquidity, and complicate its ability to raise new capital.
MSCI’s final decision is expected by January 15, 2026, following a consultation period open until December 31.
The move reflects growing scrutiny over digital asset exposure in mainstream equity indices and could significantly impact Strategy’s market presence and investor base.
MSCI is considering excluding companies whose digital asset holdings make up 50% or more of their total assets.
JPMorgan warns that if Strategy is excluded, it could trigger passive fund outflows ranging from $2.8 billion to as much as $8.8 billion if other index providers follow suit.
This potential removal threatens to pressure Strategy’s valuation, reduce liquidity, and complicate its ability to raise new capital.
MSCI’s final decision is expected by January 15, 2026, following a consultation period open until December 31.
The move reflects growing scrutiny over digital asset exposure in mainstream equity indices and could significantly impact Strategy’s market presence and investor base.
Coinbase Global (COIN) is acquiring Vector, an onchain trading platform built on the Solana network, to expand support for Solana-based assets.
The integration will provide Coinbase users broader access to faster, cheaper, and 24/7 onchain markets. This move supports Coinbase’s goal to become the “everything exchange,” offering a one-stop shop for trading a wide range of onchain assets.
Vector’s technology and team will strengthen Coinbase’s presence in the active Solana ecosystem, where users are building and experimenting extensively.
The deal is expected to close by year-end, with financial terms undisclosed. This acquisition enhances Coinbase’s ability to serve users seeking diverse, efficient decentralized trading options.
The integration will provide Coinbase users broader access to faster, cheaper, and 24/7 onchain markets. This move supports Coinbase’s goal to become the “everything exchange,” offering a one-stop shop for trading a wide range of onchain assets.
Vector’s technology and team will strengthen Coinbase’s presence in the active Solana ecosystem, where users are building and experimenting extensively.
The deal is expected to close by year-end, with financial terms undisclosed. This acquisition enhances Coinbase’s ability to serve users seeking diverse, efficient decentralized trading options.
AST SpaceMobile (ASTS) announced that its next-generation BlueBird 6 satellite is scheduled to launch on December 15 from India’s Satish Dhawan Space Center.
BlueBird 6 will feature the largest commercial phased-array antenna in low Earth orbit, spanning about 2,400 sq. ft.
This is 3.5 times larger and offers 10 times the data capacity compared to earlier models. The satellite aims to enable ubiquitous cellular broadband coverage directly to everyday smartphones from space.
CEO Abel Avellan highlighted the company’s role in pioneering global connectivity and U.S. leadership in space innovation.
This launch marks a significant step toward expanding space-based mobile internet access worldwide.
BlueBird 6 will feature the largest commercial phased-array antenna in low Earth orbit, spanning about 2,400 sq. ft.
This is 3.5 times larger and offers 10 times the data capacity compared to earlier models. The satellite aims to enable ubiquitous cellular broadband coverage directly to everyday smartphones from space.
CEO Abel Avellan highlighted the company’s role in pioneering global connectivity and U.S. leadership in space innovation.
This launch marks a significant step toward expanding space-based mobile internet access worldwide.
Oil prices pared some of their earlier losses after Ukraine and its European allies rejected key parts of a Russia-US peace plan aimed at ending the nearly four-year conflict.
Brent crude was down less than 1%, recovering from an earlier drop of about 2.3%.
A German government spokesperson emphasized that Ukraine must retain the ability to defend its sovereignty and that its long-term interests should be safeguarded.
The rejection of the peace plan, which would have required significant Ukrainian concessions, has tempered market optimism about a quick resolution, supporting oil prices by maintaining geopolitical risk premiums related to the war
Brent crude was down less than 1%, recovering from an earlier drop of about 2.3%.
A German government spokesperson emphasized that Ukraine must retain the ability to defend its sovereignty and that its long-term interests should be safeguarded.
The rejection of the peace plan, which would have required significant Ukrainian concessions, has tempered market optimism about a quick resolution, supporting oil prices by maintaining geopolitical risk premiums related to the war
The central banks of India and the European Union have agreed to begin the initial phase of linking their domestic payment systems, the Reserve Bank of India announced Friday.
The European Central Bank’s Governing Council will work to connect the Eurosystem’s TARGET Instant Payment Settlement (TIPS) system with global real-time payment networks, including India’s Unified Payments Interface (UPI).
This collaboration aims to enhance cross-border payment processes, making transactions faster and more efficient for European businesses and individuals, especially regarding remittances.
The initiative marks a significant step toward seamless, real-time international payments between India and Europe.
The European Central Bank’s Governing Council will work to connect the Eurosystem’s TARGET Instant Payment Settlement (TIPS) system with global real-time payment networks, including India’s Unified Payments Interface (UPI).
This collaboration aims to enhance cross-border payment processes, making transactions faster and more efficient for European businesses and individuals, especially regarding remittances.
The initiative marks a significant step toward seamless, real-time international payments between India and Europe.
Bitcoin is on track for its worst monthly performance since the 2022 crypto collapse, having lost about 23% of its value in November.
On Friday, Bitcoin slid as much as 6.4% to $81,629 before slightly recovering to around $84,166.
Ether, the second-largest cryptocurrency, also fell sharply by 7.6% to below $2,700. This broad selloff has pushed the total market value of all cryptocurrencies below $3 trillion for the first time since April.
The decline reflects renewed market volatility and investor caution amid ongoing challenges in the crypto sector
On Friday, Bitcoin slid as much as 6.4% to $81,629 before slightly recovering to around $84,166.
Ether, the second-largest cryptocurrency, also fell sharply by 7.6% to below $2,700. This broad selloff has pushed the total market value of all cryptocurrencies below $3 trillion for the first time since April.
The decline reflects renewed market volatility and investor caution amid ongoing challenges in the crypto sector
Novo Nordisk (NVO) and Eli Lilly (LLY) will start selling their obesity drugs, Wegovy and Zepbound, directly to employers beginning January 1.
This new approach bypasses pharmacy benefit managers (PBMs), the usual middlemen in drug purchases.
Employers will pay upfront, fixed prices through Waltz Health, a digital health company that helps employers buy affordable medications.
By cutting out PBMs, the companies aim to reduce costs and expand access to these weight loss treatments.
This move aligns with broader efforts to make obesity drugs more affordable and accessible, especially as demand grows amid rising obesity rates.
This new approach bypasses pharmacy benefit managers (PBMs), the usual middlemen in drug purchases.
Employers will pay upfront, fixed prices through Waltz Health, a digital health company that helps employers buy affordable medications.
By cutting out PBMs, the companies aim to reduce costs and expand access to these weight loss treatments.
This move aligns with broader efforts to make obesity drugs more affordable and accessible, especially as demand grows amid rising obesity rates.
Forwarded from Find Better Trades
LIFETIME ACCESS PRE BLACK FRIDAY DEAL ON THE SUPPORT AND RESISTANCE SCANNER ENDS TONIGHT!!
Lock it in while it is still up!!
Lock it in while it is still up!!
Good Morning Traders! Markets bouncing Monday as rate cut hopes revive. S&P futures +0.7%, Nasdaq +1% after NY Fed's Williams signaled support for December cut Friday.
Fed cut odds surged to 71% from 42% in one week. Three days of delayed data ahead—Thanksgiving week could decide Fed's path.
Here are the highlights for today:
(Fed Odds Whipsaw)
Dramatic reversal in Fed expectations. Williams' dovish comments Friday sparked Dow +500 point rally. Market now pricing 71% chance of December cut vs 42% last week. Wednesday's jobless claims critical—Fed trying to support labor market without reigniting inflation.
(Data Deluge Coming)
Delayed shutdown data compressed into three days before Thanksgiving. Tuesday: September retail sales and PPI. Wednesday: jobless claims and durable goods. Fed's final beige book also drops. No more jobs or CPI data before Dec 9-10 FOMC meeting though.
(AI Winners Rally)
Alphabet +2.3% after passing Microsoft to become third-largest US company Friday—first time since Aug 2018. Stock +58% YTD on four consecutive earnings beats and Gemini 3 excitement. Salesforce CEO Benioff: "Holy s---...I'm not going back to ChatGPT. The leap is insane."
(Tesla's Chip Ambitions)
Tesla +1.7% after Musk revealed company designed "several million AI chips" for cars and data centers. AI5 chip nearly done, AI6 underway, targeting new chip every 12 months. Goal: "build chips at higher volumes than all other AI chips combined." Vertical integration intensifying.
(Burry's Big Reveal)
Michael Burry's "watch-this-space" announcement was...a Substack launch. "Cassandra Unchained" gives front row seat to his market analysis. Recently disclosed puts against Nvidia and Palantir before deregistering Scion. Still trading own money, now sharing publicly.
(Earnings Week Ahead)
Holiday-shortened week loaded with tech and retail. Tuesday: Alibaba (expect 5% revenue growth but 61% profit drop), Dell, HP, Best Buy, Workday, Zscaler. Wednesday: Deere (16% profit decline expected despite cyclical bottom hopes). 95% of S&P 500 already reported—80% beat EPS.
(Crypto Comeback)
Bitcoin +0.9% to $86,885 clawing back losses. Strategy +1.3%—Monday filing reveals if they bought Bitcoin last week. Last skip was Sept 29-Oct 5. Robinhood +1.9%, Coinbase +2.1% following. Crypto appetite returning as risk-on sentiment improves.
(Eli Lilly $1T Club)
Eli Lilly hit $1 trillion market cap Friday—joining exclusive club of 8 tech giants plus Berkshire Hathaway. Only non-tech company besides Buffett's conglomerate with 13-digit valuation. Weight-loss drug momentum propelling pharma into mega-cap stratosphere.
(Market Assessment)
Fed pivot hopes back after Williams dovish turn. November tracking worst since 2008 for Nasdaq and S&P despite 30%+ gains from April lows—profit-taking or AI doubts? Shortened week with thin liquidity means "vibes matter more than anything." Data flood could swing sentiment fast either way.
Who's ready to trade the markets today? Let me see those hands👍👎
Fed cut odds surged to 71% from 42% in one week. Three days of delayed data ahead—Thanksgiving week could decide Fed's path.
Here are the highlights for today:
(Fed Odds Whipsaw)
Dramatic reversal in Fed expectations. Williams' dovish comments Friday sparked Dow +500 point rally. Market now pricing 71% chance of December cut vs 42% last week. Wednesday's jobless claims critical—Fed trying to support labor market without reigniting inflation.
(Data Deluge Coming)
Delayed shutdown data compressed into three days before Thanksgiving. Tuesday: September retail sales and PPI. Wednesday: jobless claims and durable goods. Fed's final beige book also drops. No more jobs or CPI data before Dec 9-10 FOMC meeting though.
(AI Winners Rally)
Alphabet +2.3% after passing Microsoft to become third-largest US company Friday—first time since Aug 2018. Stock +58% YTD on four consecutive earnings beats and Gemini 3 excitement. Salesforce CEO Benioff: "Holy s---...I'm not going back to ChatGPT. The leap is insane."
(Tesla's Chip Ambitions)
Tesla +1.7% after Musk revealed company designed "several million AI chips" for cars and data centers. AI5 chip nearly done, AI6 underway, targeting new chip every 12 months. Goal: "build chips at higher volumes than all other AI chips combined." Vertical integration intensifying.
(Burry's Big Reveal)
Michael Burry's "watch-this-space" announcement was...a Substack launch. "Cassandra Unchained" gives front row seat to his market analysis. Recently disclosed puts against Nvidia and Palantir before deregistering Scion. Still trading own money, now sharing publicly.
(Earnings Week Ahead)
Holiday-shortened week loaded with tech and retail. Tuesday: Alibaba (expect 5% revenue growth but 61% profit drop), Dell, HP, Best Buy, Workday, Zscaler. Wednesday: Deere (16% profit decline expected despite cyclical bottom hopes). 95% of S&P 500 already reported—80% beat EPS.
(Crypto Comeback)
Bitcoin +0.9% to $86,885 clawing back losses. Strategy +1.3%—Monday filing reveals if they bought Bitcoin last week. Last skip was Sept 29-Oct 5. Robinhood +1.9%, Coinbase +2.1% following. Crypto appetite returning as risk-on sentiment improves.
(Eli Lilly $1T Club)
Eli Lilly hit $1 trillion market cap Friday—joining exclusive club of 8 tech giants plus Berkshire Hathaway. Only non-tech company besides Buffett's conglomerate with 13-digit valuation. Weight-loss drug momentum propelling pharma into mega-cap stratosphere.
(Market Assessment)
Fed pivot hopes back after Williams dovish turn. November tracking worst since 2008 for Nasdaq and S&P despite 30%+ gains from April lows—profit-taking or AI doubts? Shortened week with thin liquidity means "vibes matter more than anything." Data flood could swing sentiment fast either way.
Who's ready to trade the markets today? Let me see those hands👍👎
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Maritime shipping has historically outperformed despite being unpopular, and it’s set for strong gains in 2026. Key drivers include easing tariff tensions, a robust tanker market, the new Simandou iron ore mine boosting dry bulk demand, and a potential rotation from tech to value stocks.
Shipping stocks trade near multi-year lows, offering attractive entry points. My top pick is CMB,TECH (CMBT), with a fleet of 250 vessels, including 130 dry bulk ships poised to benefit from these trends.
Despite a 22% decline over the past year, CMBT trades well below peers and its net asset value. With expected tanker strength and dry bulk growth, CMBT could see 50%-100% upside by mid-2026.
Higher leverage amplifies gains in a bull market. The recent merger with Golden Ocean has pressured shares, creating a buying opportunity for value-focused investors seeking exposure to shipping’s rebound.
Shipping stocks trade near multi-year lows, offering attractive entry points. My top pick is CMB,TECH (CMBT), with a fleet of 250 vessels, including 130 dry bulk ships poised to benefit from these trends.
Despite a 22% decline over the past year, CMBT trades well below peers and its net asset value. With expected tanker strength and dry bulk growth, CMBT could see 50%-100% upside by mid-2026.
Higher leverage amplifies gains in a bull market. The recent merger with Golden Ocean has pressured shares, creating a buying opportunity for value-focused investors seeking exposure to shipping’s rebound.
Novo Nordisk’s shares fell nearly 10% in U.S. premarket trading after the company announced that a pill version of its blockbuster drug Ozempic (semaglutide) failed to slow the progression of Alzheimer’s disease in two large late-stage trials.
The studies, named EVOKE and EVOKE+, did not show a significant difference between semaglutide and placebo in reducing cognitive decline, as measured by the Clinical Dementia Rating – Sum of Boxes (CDR-SB) score.
Although semaglutide improved Alzheimer’s-related biomarkers, this did not translate into a delay in disease progression.
This setback dampens hopes of expanding the drug’s use beyond obesity and diabetes treatment, impacting investor sentiment negatively
The studies, named EVOKE and EVOKE+, did not show a significant difference between semaglutide and placebo in reducing cognitive decline, as measured by the Clinical Dementia Rating – Sum of Boxes (CDR-SB) score.
Although semaglutide improved Alzheimer’s-related biomarkers, this did not translate into a delay in disease progression.
This setback dampens hopes of expanding the drug’s use beyond obesity and diabetes treatment, impacting investor sentiment negatively
US Foods Holding Corp. (USFD) and Performance Food Group Company (PFGC) have ended their pursuit of a merger.
US Foods CEO Dave Flitman stated that after thorough analysis of potential synergies and regulatory challenges, the board and leadership concluded that terminating merger discussions is in the best interest of the company and its shareholders.
Flitman emphasized that US Foods will focus on executing its long-term strategy and disciplined capital allocation to drive value creation.
The decision signals both companies’ preference to grow independently rather than combine at this time.
US Foods CEO Dave Flitman stated that after thorough analysis of potential synergies and regulatory challenges, the board and leadership concluded that terminating merger discussions is in the best interest of the company and its shareholders.
Flitman emphasized that US Foods will focus on executing its long-term strategy and disciplined capital allocation to drive value creation.
The decision signals both companies’ preference to grow independently rather than combine at this time.
X (formerly Twitter) has introduced a new account transparency feature aimed at combating bots and misinformation.
This update lets users view details like an account’s location, username change history, original join date, and how the X app was downloaded.
The move enhances network transparency and helps identify potential bad actors.
Instagram (Meta) has offered a similar feature, including “not shared” status options, as part of broader efforts to curb disinformation while protecting vulnerable voices.
Additionally, X is reportedly developing a feature to warn users if an account is using a VPN to mask its location, further increasing accountability on the platform.
This rollout reflects growing social media initiatives to balance transparency, security, and free expression.
This update lets users view details like an account’s location, username change history, original join date, and how the X app was downloaded.
The move enhances network transparency and helps identify potential bad actors.
Instagram (Meta) has offered a similar feature, including “not shared” status options, as part of broader efforts to curb disinformation while protecting vulnerable voices.
Additionally, X is reportedly developing a feature to warn users if an account is using a VPN to mask its location, further increasing accountability on the platform.
This rollout reflects growing social media initiatives to balance transparency, security, and free expression.
Enlivex Therapeutics (ENLV) shares rose Monday after reporting positive six-month efficacy data from its Phase IIa Allocetra trial in patients with moderate to severe knee osteoarthritis.
The multi-country, randomized study showed that Allocetra maintained a favorable safety profile at six months, consistent with earlier three-month results.
The full six-month follow-up has now been completed for all participants. These results reaffirm earlier findings and help identify an age-related subgroup of primary osteoarthritis responders, supporting the drug’s potential effectiveness.
The encouraging data boosted investor confidence ahead of market open.
The multi-country, randomized study showed that Allocetra maintained a favorable safety profile at six months, consistent with earlier three-month results.
The full six-month follow-up has now been completed for all participants. These results reaffirm earlier findings and help identify an age-related subgroup of primary osteoarthritis responders, supporting the drug’s potential effectiveness.
The encouraging data boosted investor confidence ahead of market open.
Exchange-traded funds (ETFs) investing in Bitcoin are experiencing their worst month of outflows since their launch nearly two years ago.
Investors have pulled about $3.5 billion from U.S.-listed Bitcoin ETFs in November, nearly matching the previous record outflow of $3.6 billion set in February.
BlackRock’s Bitcoin fund, IBIT, which holds around 60% of these assets, has seen $2.2 billion in redemptions this month, putting it on track for its worst month unless there is a sharp reversal.
These outflows coincide with Bitcoin itself heading for its worst monthly performance since the 2022 crypto collapse, reflecting ongoing investor caution amid market volatility and recent corporate failures in the crypto sector
Investors have pulled about $3.5 billion from U.S.-listed Bitcoin ETFs in November, nearly matching the previous record outflow of $3.6 billion set in February.
BlackRock’s Bitcoin fund, IBIT, which holds around 60% of these assets, has seen $2.2 billion in redemptions this month, putting it on track for its worst month unless there is a sharp reversal.
These outflows coincide with Bitcoin itself heading for its worst monthly performance since the 2022 crypto collapse, reflecting ongoing investor caution amid market volatility and recent corporate failures in the crypto sector
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Rents have recently started to fall in much of the U.S., offering some relief to renters after years of sharp increases that outpaced wage growth.
In October, median monthly rent for units with up to two bedrooms dropped 1.7% year-over-year to $1,696 and is down about 3.6% from its 2022 peak.
While this is good news for renters, it also encourages many to keep renting longer.
Meanwhile, homeownership costs remain high due to mortgage rates above 6%, near-record home prices, and additional expenses like taxes and maintenance.
These factors continue to strain affordability and slow the housing sales market, making renting a more attractive option despite falling rents
In October, median monthly rent for units with up to two bedrooms dropped 1.7% year-over-year to $1,696 and is down about 3.6% from its 2022 peak.
While this is good news for renters, it also encourages many to keep renting longer.
Meanwhile, homeownership costs remain high due to mortgage rates above 6%, near-record home prices, and additional expenses like taxes and maintenance.
These factors continue to strain affordability and slow the housing sales market, making renting a more attractive option despite falling rents
Google has signed a multi-year, multi-million dollar cloud deal with NATO’s Communication and Information Agency to support the organization’s digital modernization.
NATO will use Google Cloud to enhance its digital infrastructure, governance, and artificial intelligence capabilities.
Google Distributed Cloud (GDC) will specifically support NATO’s Joint Analysis, Training and Education Center (JATEC), handling classified workloads securely.
Tara Brady, President of Google Cloud EMEA, highlighted that the partnership will help NATO accelerate its digital transformation while maintaining high security and digital sovereignty.
Following the announcement, Alphabet shares rose 3% in premarket trading. This deal underscores Google Cloud’s commitment to providing advanced, secure cloud solutions to major international organizations.
NATO will use Google Cloud to enhance its digital infrastructure, governance, and artificial intelligence capabilities.
Google Distributed Cloud (GDC) will specifically support NATO’s Joint Analysis, Training and Education Center (JATEC), handling classified workloads securely.
Tara Brady, President of Google Cloud EMEA, highlighted that the partnership will help NATO accelerate its digital transformation while maintaining high security and digital sovereignty.
Following the announcement, Alphabet shares rose 3% in premarket trading. This deal underscores Google Cloud’s commitment to providing advanced, secure cloud solutions to major international organizations.