US equities declined last week due to renewed US-Iran conflict escalating oil prices above $100 per barrel, raising inflation concerns and causing a sharp rise in Treasury yields. August inflation data showed steady headline CPI at 3.4% and easing core CPI, but energy-driven producer prices increased. The market now expects an 87% chance of a Fed rate hike in September, with the 2-year Treasury yield up 26 basis points and the 10-year nearing 5%. Rate-sensitive sectors like mortgage REITs and homebuilders were hit hardest, while apartment REIT M&A remained active with Independence Realty acquiring Centerspace in an $8.1 billion merger.
Transmission System Operators (TSOs) are increasingly investing in software like Energy Management Systems and grid planning tools to modernize aging infrastructure, enhance cybersecurity, and expand grid capacity. Cybersecurity remains their top con...
Air Canada will begin a new seasonal nonstop flight service between Montreal and Seville, Spain, starting September 8, 2027. This route is the only nonstop connection between North America and Seville, enhancing travel options for leisure and busines...
Air Canada announced it will start non-stop seasonal flights between Montréal and Seville, Spain, beginning September 8, 2027. This new route is the only direct connection between North America and Seville, enhancing travel options for Canadians and ...
CodeWall Ltd. has emerged from stealth with $4 million in pre-seed funding to develop AI-powered autonomous attack agents that simulate real-world cyberattacks on enterprises. These agents start from outside the network with no insider access, contin...
Orvida Pharma announced that the FDA has accepted its lead drug candidate KM-023 (ontivatrep) into the Rare Disease Evidence Principles (RDEP) process for treating Olmsted syndrome, a rare genetic skin disorder. This acceptance allows Orvida to engag...
