Strategy Inc. (MSTR) saw its preferred stock (STRC) fall below $98 amid concerns over a shrinking dividend cash reserve, now covering only 6.1 months of payments down from 21 months. This decline followed a $1.38 billion reserve drawdown to repurchase convertible debt, leaving the dividend buffer thin. Analyst Peter Schiff warned this triggers a 'death spiral' where falling stock prices force higher yields, leading to more Bitcoin sales to fund dividends, further depressing prices. The company sold Bitcoin for the first time since 2022 as part of this liquidity strategy, raising concerns about future dividend sustainability and stock value.
More than 25 companies are actively developing over 30 drugs for myasthenia gravis, a chronic autoimmune disorder causing muscle weakness. Key therapies in late-stage trials include targeted biologics like Immunoglobulin G degraders and Complement fa...
Gorilla Technology Group announced a $2 billion AI infrastructure agreement with Super Micro Computer to support Yotta Data Services’ AI project in India. The deal includes supply of AI hardware and networking equipment, and a strategic framework for...
U.S. stock markets hit fresh record highs driven by a surge in semiconductor and AI infrastructure stocks. The S&P 500 rose 0.2% to 7,614, the Dow gained 0.2% to 51,155, and the Nasdaq 100 led with a 0.4% increase to 30,649, fueled by chipmakers. Mar...
PrimeEnergy Resources Corporation revealed a negative natural gas price in Q1 2026, causing its stock to drop sharply twice in May. The company reported a realized gas price of negative $0.40 per Mcf due to pipeline capacity issues, leading to negati...
Shake Shack lowered its second-quarter revenue guidance to $415-$420 million from $424-$428 million, though still above estimates, and trimmed same-store sales growth to 2.5%-3%. Full-year EBITDA and net income forecasts were also reduced due to mark...
