Virtus Newfleet Securitized Income ETF posted a 0.75% return at net asset value (NAV) for the quarter, outperforming the ICE BofA 1-3 Year A-BBB US Corporate Index, which returned 0.31%. The fund benefited from strong performance in subordinate auto and credit card sectors as spreads tightened toward risk-free assets. However, exposure to an airline enhanced equipment certificate lagged behind. Overall, securitized credit markets showed resilience and solid demand despite macroeconomic volatility, generally outperforming similarly rated corporate bonds.
Bicara Therapeutics is progressing its Phase 3 trial of ficerafusp alfa for head and neck cancer, expecting interim results by mid-2027 that could support accelerated approval. The company holds nearly $500 million in cash and securities, funding ope...
Mercury Systems reported a Q4 EPS of $0.37, slightly below analyst estimates of $0.38, but exceeded revenue expectations with $289.78 million, a 6.1% increase year-over-year. The company showed robust demand with record bookings of $660 million and a...
Klarna shares dropped 22.81% after cutting its earnings outlook and announcing leadership changes, raising investor concerns. Fabrinet's stock fell 19.38% despite strong quarterly results due to a broader sell-off in AI infrastructure stocks. Leverag...
ProPhase Labs' stock soared 506.62% to $27.48 following a 1-for-4 reverse stock split aimed at consolidating shares and boosting price per share. Other notable gainers include Inpixon (+113%), Super League Gaming (+82%) after a major Bitcoin investme...
American Airlines is bringing back seatback entertainment screens and adding premium seats to its narrowbody jets starting in 2028. This move responds to traveler demand, especially from younger passengers, and aims to close the profit gap with compe...
