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Tarsus Pharmaceuticals to present at three investor conferences in May 2026
Tarsus Pharmaceuticals announced its management will participate in three upcoming investor conferences in May 2026: Bank of America Securities Health Care Conference on May 12, H.C. Wainwright BioConnect Investor Conference on May 19, and Stifel Vir...
Oil prices drop below $100 while gasoline prices hit highest since 2022, boosting refiners' profits.
Crude oil prices fell below $96 a barrel amid ceasefire talks, but gasoline prices rose to $4.56 per gallon, the highest since summer 2022. This divergence is driving refining profit margins, measured by the 3-2-1 crack spread, to a near-record $56.2...
Acumen Pharmaceuticals to present at Bank of America 2026 Health Care Conference on May 14.
Acumen Pharmaceuticals, a clinical-stage biotech company focused on Alzheimer's disease treatments, will participate in a fireside chat at the Bank of America Securities 2026 Health Care Conference on May 14, 2026. The company is advancing its lead d...
SpaceX may monetize its AI supercomputer by renting Nvidia GPU capacity to AI firms.
SpaceX, known for rocket launches and its Starlink satellite internet, is exploring a new revenue stream by renting out its massive AI supercomputer infrastructure. The Colossus cluster, with about 220,000 Nvidia GPUs and over 300 megawatts of power,...
Nancy Pelosi's Databricks investment surges 302%, fueling Robinhood investors' interest in pre-IPO stocks
Nancy Pelosi's investment in the private software company Databricks has increased by 302% following a recent valuation jump to $134 billion. This surge highlights growing retail investor demand for pre-IPO opportunities, exemplified by Robinhood's V...
Financial sector weakness amid S&P 500 rally signals caution for investors.
The financial sector has been underperforming while the S&P 500 rallies, a pattern that has historically preceded major bear markets. This divergence acts as a warning sign for investors, suggesting potential risks ahead despite strong gains in other...
Ticketmaster cuts 8% of workforce despite Live Nation's strong Q1 ticket sales
Ticketmaster has laid off 350 employees, about 8% of its global staff, mainly in engineering, product, and design roles, shortly after Live Nation reported strong Q1 revenue of $3.79 billion, beating estimates. Despite this, Live Nation posted a Q1 o...
Shell hits 2-year profit high but shares drop on revenue miss and rising debt
Shell reported adjusted earnings of $2.44 per share, beating estimates, with a two-year high profit of $6.9 billion. However, revenue fell short at $69.69 billion versus the expected $80.95 billion, and net debt rose to $52.6 billion. The company slo...
Blue Owl Capital trades 21% below NAV amid dividend concerns and portfolio challenges
Blue Owl Capital Corporation (OBDC) is currently trading at a 21% discount to its net asset value (NAV), providing a safety margin for income investors despite recent issues with dividend coverage. In Q1 2026, OBDC's net investment income per share d...
Kodiak AI shares fall 37% after $100M fundraising at a steep discount signals investor caution.
Kodiak AI's stock dropped 37% after the company raised $100 million by selling shares at $6.50 each, well below its $9.10 closing price, indicating investor wariness about its valuation. The funding, including warrants, came from existing backer Ares...