EverBank Financial Corp and WaFd, Inc. have agreed to merge, combining their banking operations to form a larger, more profitable institution. The merger will result in WaFd, Inc. being the surviving entity, renamed EverBank Financial Corp, and trading under the ticker EVBK. This strategic move aims to improve profitability, with a projected 29% EPS accretion for WaFd shareholders by 2027 and a return on tangible common equity of about 15%. The combined bank will leverage complementary strengths in consumer and commercial banking, expand its branch network, and enhance wealth management services. The deal is expected to close in early 2027, pending regulatory and shareholder approvals.
Disc Medicine announced a webcast on October 19, 2026, to discuss topline results from its APOLLO Phase 3 trial of bitopertin, an investigational oral drug for erythropoietic protoporphyria (EPP). Bitopertin targets glycine transporter 1 to modulate ...
Tech analyst James Altucher draws a parallel between the 1865 coal consumption surge and AI's increasing power needs, despite efficiency gains. He highlights Elon Musk's unique strategy of vertical integration, including plans to build AI data center...
BitTorrent has completed its inaugural burn of BTT tokens, using 100% of decentralized service revenue to repurchase and permanently remove over 21.6 trillion tokens from circulation. This marks a key step in BitTorrent's long-term strategy to create...
Monero (XMR) price approached a key resistance level at $558 after trading near $555, with a daily close above this barrier potentially pushing the price toward $575. Trading volumes surged significantly, with spot volume up 171% to $13.13 million an...
Ondo has expanded its tokenized assets on the Solana network, surpassing $500 million in tokenized assets and $1 billion in total value locked on its Ondo Stocks platform. However, the ONDO governance token does not grant holders shareholder rights o...
