Brookfield Wealth Solutions, part of Brookfield Corporation, reported a strong 60% year-on-year revenue increase to $2 billion in Q2 driven by acquisitions in annuities and insurance. However, the company posted a significant net loss of $453 million for the first half of the year due to volatile investment results. Operating and benefits expense ratios worsened, raising concerns about sustainability as the benefits ratio hit 103% and operating expenses exceeded 32%. Despite a 12% rise in Distributable Operating Earnings to $936 million, the decline in earnings on assets highlights risks from pursuing higher-yield but less liability-matched investments. The company is merging back into Brookfield Corporation via a 1-for-1 stock exchange, signaling strategic consolidation.
The global clinical trial supplies market is projected to grow from $5.7 billion in 2025 to $10.7 billion by 2033, at an 8.4% CAGR. This growth is driven by increased R&D investments, rising chronic diseases, and the expansion of biologics, personali...
Starlink Mobile, launched by VEON Ltd. across Ukraine, Kazakhstan, and Bangladesh, has connected over 11 million users in less than a year. The service enables existing 4G phones to access satellite connectivity where terrestrial signals are unavaila...
Medallion Financial Corp. announced it will repurchase $15 million in trust preferred securities from BIMIZCI Fund LLC at 73.66% of face value, costing about $11.05 million plus accrued distributions. This deal includes a five-year standstill agreeme...
Belite Bio, a clinical-stage drug developer focused on retinal diseases, has been approved to move its stock listing from the Nasdaq Capital Market to the Nasdaq Global Select Market, the highest tier on Nasdaq. This uplisting reflects the company's ...
Heineken N.V. has repurchased a total of 8,865,521 shares under the second tranche of its €1.5 billion share buyback program, spending €629.4 million as of October 16, 2026. This includes shares bought on the exchange and from Heineken Holding N.V. T...
