The Alger Mid Cap Focus Fund saw positive contributions from Astera Labs, Nebius, and Western Digital, with Nebius benefiting from strong AI computing demand and better-than-expected revenues. Conversely, Insmed, GFL Environmental, and Karman Holdings detracted from performance. Despite short-term challenges, Karman Holdings is viewed positively due to its engineering strengths and defense contracts, suggesting long-term growth potential. The fund outperformed the Russell Midcap Growth index in Q2 2026, reflecting strategic investments in innovation and growth sectors.
Boeing is experiencing ongoing production challenges with its 737 MAX aircraft, causing delays and a recent 3.7% stock drop. Jefferies lowered its price target to $265, still implying a 32% upside from current prices, reflecting cautious optimism. Ba...
Alkermes plc's drug ALKS7290 demonstrated significant improvement in ADHD symptoms in a Phase 1b trial, with patients showing a 14- to 19-point gain on a 54-point scale within two weeks. This outperforms typical placebo effects, which range from 6 to...
0G has introduced Ascend, a liquid staking product that lets users stake 0G tokens to receive a0G tokens, which can then be used to mint iAI tokens. These iAI tokens generate compute credits redeemable for AI services within the 0G ecosystem, linking...
Amazon announced a $1.9 billion investment in its Delivery Service Partner (DSP) program for 2027 to increase delivery associate pay to nearly $24 per hour and enhance safety. The company is deploying AI-powered tools like Smart Delivery Glasses and ...
Payward, the parent company of Kraken, plans to introduce HIP-3 perpetual futures markets to US traders through a permissioned structure. This move aims to provide regulated access to Hyperliquid's 24/7 perpetual futures exchange, which averaged $9 b...
