Melco Resorts & Entertainment reported a 27.4% adjusted property EBITDA margin in 1Q26, with 16% year-on-year EBITDA growth in Macau despite intense competition. The company maintains strict cost control and a premium market position, supporting a 5% rise in its share price after earnings. Looking ahead, Melco plans to launch the REM hotel in the second half of 2026, making it the only operator with new premium capacity in Macau, expected to drive further earnings and market share gains. The stock trades at 6.5 times forward EV/EBITDA with a 48% upside to a target multiple of 9.8 times, while risks include slower gross gaming revenue growth and execution challenges with the new property.
Autonomize, a healthcare AI platform, has strengthened its leadership by appointing three industry veterans to its Advisory Board and hiring Mike Longacre as Head of Transformation. These moves aim to help healthcare organizations move beyond AI pilo...
Fairfax Financial Holdings has finalized its acquisition of Kennedy-Wilson Holdings at $10.90 per share in cash, led by a consortium including Kennedy Wilson's CEO William McMorrow and affiliates of Fairfax. The Kennedy Wilson management team retains...
Aya Gold & Silver Inc., a Canadian precious metals mining company operating in Morocco, will be added to the VanEck Gold Miners ETF (GDX) effective June 19, 2026. This inclusion marks a significant milestone reflecting the company's growth in product...
Nephros, Inc. emphasizes its ultrafiltration technology's ability to capture microplastics and nanoplastics in water, following the U.S. EPA's April 2026 decision to list microplastics as a priority contaminant under the Safe Drinking Water Act. The ...
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
