Mission Valley Bancorp announced a net income of $0.7 million ($0.21 per diluted share) for Q1 2026, down from $1.6 million in Q1 2025, impacted by specific borrower issues increasing credit loss provisions. The bank's net interest income was $7.2 million with a net interest margin of 4.08%, and it saw growth in gross loans and total assets. Despite challenges, the company celebrated the opening of a new branch and declared a $0.15 per share cash dividend payable in June, with optimism for the rest of 2026. The annual shareholders meeting is scheduled for July 28, 2026.
Eli Lilly reported positive Phase 1b results for VERVE-102, a gene therapy that permanently silences the PCSK9 gene to reduce LDL cholesterol by up to 62%. The therapy showed sustained effects for up to 18 months and was well-tolerated with no seriou...
SpaceX's upcoming IPO may cause forced ETF buying of $22-$27 billion as Nasdaq changes rules to fast-track the company's index inclusion. The Nasdaq 100 now allows new companies to join within 15 days if their market cap ranks in the top 40, removing...
The global Bioprocess Automation Software market, valued at $1.67 billion in 2025, is projected to grow to $6.19 billion by 2035 at a 14% CAGR. This growth is fueled by the increasing demand for personalized medicine, flexible manufacturing processes...
The global microneedle drug delivery systems market is projected to grow from $7.04 billion in 2025 to $14.37 billion by 2035, at a CAGR of 7.4%. Growth is fueled by rising demand for minimally invasive, pain-free, and self-administered drug delivery...
A chemical incident at Melrose Industries' GKN Aerospace facility in Garden Grove, California, caused a 34,000-gallon tank of flammable methyl methacrylate to overheat, triggering evacuation orders for up to 50,000 residents. Emergency crews warned o...
