• On April 1, 2026, Agriculture Investment Group Corp. became the controlling shareholder of Moolec Science SA, holding 65.1% of the Company's outstanding shares following the partial conversion of its preference shares into ordinary shares.
• The Conversion was effected pursuant to the terms of the Subscription Agreement, dated December 9, 2024 (as amended and restated on June 16, 2025), between Bioceres Group Limited and AIGC, following completion of the business combination through which Bioceres Group Limited became a subsidiary of the Company.

• CL00-USA Crude Oil futures settled today's session $11.34 higher (+11.3%) at $111.48/barrel
• NG00-USA Nat Gas settled today's session $0.02 lower (-0.7%) at $2.80/MMBtu
• RB00-USA RBOB Gasoline settled today's session $0.20 lower (+6.5%) at $3.29/gallon
• HO00-USA Heating oil futures settled today's session $0.30 higher (+7.4%) at $4.36/gallon

• The base period contract of $35 million includes approximately $10 million over the next 12 months for the initial procurement of NexoBrid for the U.S. Strategic National Stockpile and VMI establishment, funding for VMI-related services and initial development activities for a potential expanded NexoBrid indication for the treatment of blast trauma injuries.
• The ten-year contract, effective as of April 1, 2026, also includes optional awards for additional NexoBrid procurement to expand the Strategic National Stockpile, further clinical development for a potential blast trauma indication, design and validation of a potential U.S based manufacturing facility and the development and procurement of a room temperature stable formulation of NexoBrid.

• EXL will collaborate closely with Google Cloud to help clients scale enterprise AI, turn data into strategic assets, and drive cloud modernization across priority markets and industries. This effort will help accelerate EXL's Google Cloud practice by expanding capabilities across priority sales plays, supporting global expansion into new markets, and deepening co-innovation and go-to-market execution.
  
• Through this collaboration, EXL will expand its portfolio of Google Cloud-powered AI solutions to help organizations modernize and transform customer engagement and operational processes in financial services, healthcare and life sciences, and utilities and retail.

The following are some of today's most notable large cap movers of interest ($10 bln -- $200 bln market cap), ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers

• ALAB (114.15 +7.35%) hearing Astera Labs initiated with a Buy at Citigroup.
• NTNX (40.78 +7.30%) initiated with a Buy at Rosenblatt.
• RBRK (51.26 +5.49%) Up nicely today after disclosing that a director bought 10638 shares worth ~$502K.

Large Cap Losers

• RCI (35.15 -7.84%) downgraded to Hold from Buy at TD Securities.
• ARM (147.17 -5.09%) IBM (IBM) announced a strategic collaboration with Arm (ARM) to develop new dual-architecture hardware for future AI and data intensive workloads.
• BCE (24.23 -4.53%) downgraded to Hold from Buy at TD Securities.

The following are some of today's most notable mid cap movers of interest ($2 bln -- $10 bln market cap), ranked by % change (all stocks over 100K average daily volume).

Mid Cap Gainers

• LUNR (22.96 +13.44%) Positive Barron's view. Additionally, the Company files for 34,565,097 share common stock offering by selling shareholders.
• YSS (25.90 +9.75%) Positive Barron's view.
• GSAT (73.50 +7.25%) Amazon (AMZN) in discussions to acquire Globalstar (GSAT), according to FT.

Mid Cap Losers

• WIX (84.01 -7.17%) The Company announced preliminary results of its modified Dutch auction tender offer, with ~18.7 mln shares tendered at $92 per share and expects to repurchase all tendered shares for an aggregate cost of ~$1.72 bln, representing approximately 31.6% of total shares outstanding;.
• AYI (268.36 -6.49%) Reports Q2 (Feb) earnings of $4.14 per share, excluding non-recurring items, $0.14 better than the FactSet Consensus of $4.00; revenues rose 4.9% year/year to $1.06 bln vs the $1.08 bln FactSet Consensus.
• ROAD (107.10 -5.14%) The Company completes the acquisition of Four Star Paving, a premier commercial paving contractor operating throughout the Nashville, Tennessee metro area.

• GC00-USA gold settled today's session $133.20 lower (-2.8%) at $4,679.20/ozt
• SI00-USA silver settled today's session $3.21 lower (-4.2%) at $72.92/ozt
• HG00 copper settled today's session $0.07 lower (-1.2%) at $5.58/lb

• Nationwide Appraisal Network, LLC, a nationally recognized appraisal management company with more than two decades of leading and shaping the appraisal industry.
• For SVI, the acquisition enhances market presence and operational capacity while adding a highly experienced team with deep appraisal and valuation expertise. For NAN, joining Stewart provides the financial strength and stability of a publicly traded organization, along with access to broader enterprise resources, advanced technology, and expanded capabilities.

• This manufacturer of irrigation and infrastructure equipment missed EPS and revenue expectations by a wide margin in its Q2 (Feb) report this morning. Revenue declined 15.7% yr/yr to $157.7 mln.
• The results reflect a still-challenged agricultural backdrop, with low commodity prices, softer grower sentiment, and financing pressure in key markets continuing to delay irrigation purchases and weigh on demand.
• Irrigation revenue fell 5% yr/yr to $141.2 mln, largely driven by pressure in North America, where revenue declined 8% to $71 mln. Customers continued to delay larger capital purchases, muting demand and pressuring unit volumes. Segment operating margin fell to 13.8% from 18.5%.
• Infrastructure revenue fell 58% yr/yr to $16.5 mln, though that was primarily due to the absence of a roughly $20 mln Road Zipper project in the year-ago period. Excluding that project, segment revenue would have increased 6%, driven by continued growth in road safety products.
• Its outlook also likely did not provide much relief, as LNN expects soft North America irrigation conditions to persist near term and does not see a meaningful recovery developing until there is greater clarity around trade impacts and a resolution in the Middle East. LNN remains more constructive on international markets, although Brazil is still not expected to recover meaningfully until July.

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• SNAP Apr 5 calls are seeing interest with the underlying stock down 6% (volume: 7.0K, open int: 46.3K, implied vol: ~84%, prev day implied vol: 71%). 2500 contracts traded a single transaction. We noted call activity in the same strike yesterday (see 4/1 13:29 OPTNX). Co is expected to report earnings mid-April.
• MSTR Weekly Apr02 137 calls (volume: 15.2K, open int: 16.5K, implied vol: ~75%, prev day implied vol: 69%). Co is expected to report earnings early May.
• MRNA Weekly Apr02 53 calls (volume: 16.0K, open int: 16.2K, implied vol: ~76%, prev day implied vol: 72%). 5.9K traded in a single transaction. Co is expected to report earnings in late April.
• PYPL Weekly Apr10 45 calls (volume: 5.2K, open int: 650, implied vol: ~45%, prev day implied vol: 42%). 3.9K traded in a single transaction. Co is confirmed to report earnings on May 5 before the open.
  

Bearish Put Activity:

• AAL Weekly Apr10 10 puts (volume: 5.4K, open int: 5.6K, implied vol: ~62%, prev day implied vol: 57%). Airline shares are falling amid a rise in oil prices. Co is expected to report earnings in late April.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.03, VIX: (25.50, +0.96, +3.9%).
April 17 is options expiration -- the last day to trade April equity options.
*Please use the Talk to Us link at the top of the page to provide feedback on this comment as well as the OPTNX comments. Data provided by LiveVol.com.

• The stock has been roughly cut in half since early June 2025.
• While insider buying does not guarantee a bottom, it is often viewed as a vote of confidence.
• The magnitude and timing of this purchase suggest that at least some within the company see compelling value at current levels.

• As part of this next phase, Anders Rothstein, who has led the Elfa business for approximately a decade, will be named Global Chief Executive Officer of Elfa International AB and will oversee all worldwide operations with expanded authority to drive the brand's growth.
• It is important to recognize that the Elfa brand is planned to expand into new revenue streams and multiple methods of distribution, including direct to consumer, self-serve retail, and expanded channel partnerships, allowing the Company to make these products more accessible to consumers across both domestic and international markets.
• Bed Bath & Beyond expects to provide additional updates on Elfa's expansion strategy and broader platform development as integration progresses following the consummation of the merger.

• The prefilled, multi-dose pen offers a convenient way for patients to take the most effective GLP-1 medication available. The Zepbound KwikPen is available to cash-pay patients with upfront, transparent pricing.
• Monthly pricing starts at $299 for the 2.5 mg starter dose and $399 for the 5 mg dose. For higher doses (7.5 mg, 10 mg, 12.5 mg, and 15 mg), eligible patients can access manufacturer discounted pricing of $449 per month when refills are completed within 45 days of their previous delivery.

The S&P 500 (-0.2%), Nasdaq Composite (-0.3%), and DJIA (-0.4%) sit modestly lower shortly after midday, with developments on the geopolitical front driving several considerable swings.

Stocks opened to broad losses after President Trump gave an address regarding Iran last night, in which he signaled the U.S. will continue military operations and "send them back to the stone age." The rhetoric clashed with the recent ceasefire optimism theme that drove stocks higher over the previous two sessions and sent oil prices sharply higher, with WTI crude oil currently up $10.91 (+10.9%) to $111.03 per barrel.

After facing opening losses of 1.0% or wider, the major averages made a sharp move to their flatlines about an hour into the session after Bloomberg reported that Iran and Oman are drafting a proposal regarding traffic through the Strait of Hormuz. Crude oil came down a few dollars in the initial reaction to the headline but remains sharply higher for the day.

Meanwhile, the major averages now trade in a relatively stable range just below their flatlines. Outside of the geopolitical volatility, it has been a somewhat quiet session ahead of tomorrow's holiday closure, though there are still a few notable moves at the sector level.

The consumer discretionary sector (-1.3%) was among the early laggards as mega-cap and tech names opened lower, and it remains firmly lower despite the intraday bounce. The sector faces poor leadership from Tesla (TSLA 364.10, -17.16, -4.50%), which is among the worst-performing S&P 500 names after its Q1 deliveries fell short of expectations.

Elsewhere in the sector, NIKE (NKE 43.78, -0.84, -1.89%) has not yet garnered any buy-the-dip interest after it shed 15% yesterday following its earnings release.

The information technology (+0.2%) sector also opened with a loss wider than 1.0%, but now trades modestly higher. Ciena (CIEN 446.97, +31.58, +7.60%) and Lumentum (LITE 801.59, +36.94, +4.83%) are the best-performing S&P 500 components, while strength across major chipmaker and software names is mixed.

Elsewhere, the energy sector (+0.2%) opened to a gain that exceeded 2.3%, though it has since surrendered the bulk of the early strength.

Outside of the S&P 500, the Russell 2000 (+0.3%) and S&P Mid Cap 400 (-0.2%) are little changed from their baselines after following a similar path to that of the major averages.

Overall, the market now appears to be drifting, with investors reluctant to take on additional risk ahead of the holiday and ongoing uncertainty surrounding developments in the Middle East.

Reviewing today's data:

• Weekly Initial Claims 202K (Briefing.com consensus 215; Prior was revised to 211K from 210K, Weekly Continuing Claims 1.841 mln; Prior was revised to 1.816 mln from 1.819 mln
  
  • The key takeaway from the report is that initial claims remain near the 200,000 mark, reflecting a low-firing environment.
• February Trade Balance -$57.3 bln (Briefing.com consensus -$55.8 bln); Prior was revised to -$54.7 bln from -$54.5 bln
  
  • The key takeaway from the report is that February imports grew more than exports even though February nonfuel import prices (+1.1%) increased at a slower pace than non-agricultural export prices (+1.7%).

The S&P 500 (-0.3%) has found some resistance near its unchanged level as losses in six sectors, led by consumer discretionary (-1.6%), outweigh gains in the remaining five groups.

Key factors driving today's performance include:

• Continuation of a poor start to the year with weak leadership from second-largest component Tesla (TSLA 365.26, -16.00, -4.20%). Tesla is giving back the bulk of its gains from the past two days while the consumer discretionary sector is now down 10.0% since the end of 2025 versus a 4.3% year-to-date loss in the S&P 500.
• Weak showing from home improvement stores, including a fresh 52-week low in Home Depot (HD 320.56, -9.00, -2.73%), masking some relative strength in the homebuilder group as Treasury yields revisit this week's lows. The iShares U.S. Home Construction ETF (ITB 89.69, -1.33, -1.46%) remains near its lowest level since mid-2025.
• Outperformance in quick service restaurant names.

Top Gainers

• Carvana Co. (CVNA 318.55, +6.46, +2.07%): best performer in the sector, extending this week's bounce off its lowest level since May.
• Darden Restaurants, Inc. (DRI 195.47, +2.41, +1.25%): fell to its lowest level since early January before bouncing with its 200-day moving average (198.68) looming above.
• Domino's Pizza, Inc. (DPZ 365.50, +3.96, +1.09%): extending this week's bounce off its lowest level since November 2023.
• Yum! Brands, Inc. (YUM 155.32, +1.62, +1.05%): fell to its lowest level since late January before bouncing.
• Chipotle Mexican Grill (CMG 32.92, +0.28, +0.87%): extending this week's bounce off its lowest level since November.

Top Laggards

• Tesla, Inc. (TSLA 365.26, -16.00, -4.20%): weakest performer in the sector, approaching a fresh seven-month low. Company produced over 408,000 vehicles and delivered over 358,000 units in Q1.
• Mohawk (MHK 95.87, -3.58, -3.60%): on the verge of its lowest close since December 2023.
• Carnival Corporation & plc (CCL 25.68, -0.90, -3.37%): falling from its best close in four weeks.
• General Motors Company (GM 72.56, -2.48, -3.30%): falling to its lowest level since late November.
• Aptiv (APTV 60.27, -1.82, -2.93%): falling from its best close in a month.

• The UK government agreed the full text of its landmark US-UK pharmaceutical partnership.
• UK pharmaceutical exports to the US - worth at least 5 billion a year - will enter the United States completely tariff free, for at least 3 years. This makes UK the first country in the world to secure 0% tariffs on pharmaceutical exports to the US. The partnership also accelerates NHS patients' access to new medicines. Under the partnership, pharmaceutical companies have stronger incentives to launch innovative treatments in the UK, meaning patients can benefit from new cancer therapies, rare disease treatments, and other breakthrough medicines sooner - without waiting years after they become available elsewhere.

• Co announced that the U.S. Food and Drug Administration (FDA) has approved the extension of dosing intervals for EYLEA HD (aflibercept) up to every 20 weeks for patients with wet age-related macular degeneration (wAMD) and diabetic macular edema (DME) following one year of successful response based on visual and anatomic outcomes.
• As part of the approval, the FDA has updated the EYLEA HD label to include 96-week (2-year) data from the pivotal PULSAR trial in wAMD and the pivotal PHOTON trial in DME, demonstrating sustained efficacy and safety through 2 years with extended dosing intervals.
• EYLEA HD (known as Eylea 8 mg in the European Union and Japan) is being jointly developed by Regeneron and Bayer AG (BAYRY).

The following are some of today's most notable small cap movers of interest ($300 mln -- $2 bln market cap), ranked by % change (all stocks over 100K average daily volume).

Small Cap Gainers

• SGML (14.22 +20.20%) upgraded to Buy from Neutral at BofA. The Company announced the signing of an US$100 million collateralized bank guarantee with a major Brazilian bank.
• TSAT (39.46 +13.76%) The Company and Northwestel announced that Northwestel has signed a multi-year contract for Telesat Lightspeed Low Earth Orbit satellite services.
• VOYG (26.63 +12.08%) NASA launches astronauts on historic Artemis moon mission.

Small Cap Losers

• ANRO (21.64 -7.56%) The Company announced topline data from its Phase 2 proof-of-concept clinical trial evaluating ALTO-101 for the treatment of cognitive impairment associated with schizophrenia, and provided an update on the Company's pipeline and prioritization.
• SBH (13.09 -7.52%) The Company announced that Adrianne Lee has been appointed Senior Vice President and Chief Financial Officer, effective April 28, 2026; reaffirms Q2 and FY26 guidance.
• LNN (109.68 -6.37%) The Company misses by $0.55, misses on revs.

• Industrials: AAL (27.37 mln -4%)
• Consumer Discretionary: NKE (33.42 mln -2.2%), TSLA (32.74 mln -4.22%), NIO (15.5 mln -1.29%)
• Information Technology: NVDA (70.73 mln +0.35%), INTC (66.11 mln +3.02%), NOK (33.24 mln +3.08%), MU (29.18 mln -1.35%), AMD (17.7 mln +1.82%)
• Financials: TQQQ (73.81 mln -0.69%), SQQQ (46.35 mln +0.77%), QQQ (29.09 mln -0.22%)
• Energy: BP (22.13 mln +1.84%), RIG (19.25 mln +2.23%), KOS (16.58 mln +7.62%), OXY (13.73 mln +1.3%), PBR (13.65 mln +3.04%)

• Healthcare: KURA (1.94x +4.32%), ANGO (1.17x -3.43%), TLRY (1.01x +4.07%), PBH (0.96x -4.09%), DBVT (0.94x +0.66%)
• Industrials: RYAAY (1.02x -3.62%)
• Consumer Discretionary: NKE (1.68x -2.2%), BOOT (0.91x -5.16%), VIPS (0.9x -0.53%)
• Information Technology: QRVO (1.08x +0.67%), WIX (1.06x -4.38%), VSAT (1.01x +14.92%), AAOI (0.96x +16.79%)
• Financials: PML (1.91x -2.8%), IQI (1.47x -1.45%), PEY (0.95x +0.84%), EIM (0.93x -0.77%), CHW (0.91x -0.34%)
• Energy: BP (1.25x +1.84%)

• Today's top 20 % gainers
  • Healthcare: MGNX (3.12 +7.41%), RCUS (23.18 +6.11%), ANAB (60.09 +5.92%)
  • Industrials: CSTE (1.13 +10.78%), CWST (87.59 +7.42%), NSP (28.84 +6.66%), CAR (179.74 +5.69%)
  • Consumer Discretionary: LB (70.58 +6.66%)
  • Information Technology: AAOI (100.85 +16.79%), VSAT (51.98 +14.92%), NTNX (40.71 +7.02%), CIEN (442.51 +6.53%)
  • Energy: KOS (2.9 +7.62%), TUSK (2.51 +5.91%), FRO (36.84 +5.77%), REI (1.48 +5.71%), WTI (3.18 +5.64%)
  Today's top 20 % losers
  • Healthcare: OMER (11.11 -8.03%), IRWD (3.68 -5.64%), EOLS (4.11 -4.76%), AMN (17.76 -4.31%)
  • Materials: NG (8.81 -5.93%)
  • Industrials: JELD (1.1 -6.41%), AYI (271.06 -5.55%), VLRS (7 -4.37%)
  • Consumer Discretionary: SNBR (1.43 -16.37%), SBH (13.04 -7.91%), W (71.15 -5.45%), BOOT (136.1 -5.16%), CAL (10.52 -4.88%), DIN (25.79 -4.75%), TSLA (365.19 -4.22%)
  • Information Technology: SEDG (48.62 -6.27%), WIX (86.54 -4.38%)
  • Consumer Staples: CALM (79 -5.23%)

Stocks have faced some choppy action in the final session of the holiday-abbreviated week, with the S&P 500 (flat), Nasdaq Composite (-0.1%), and DJIA (-0.1%) now sitting flattish after opening to considerable losses.

Equity futures signaled a lower opening after President Trump addressed the nation last night, vowing further strikes against Iran. The address weighed on the market's hopes for a ceasefire, and crude oil moved sharply higher. The major averages opened to losses of 1.0% or wider across the board but moved sharply higher about an hour into the session after Bloomberg reported that Iran is drafting a proposal with Oman regarding traffic through the Strait of Hormuz.

The major averages briefly reclaimed their flatlines but now trade a touch lower. Oil prices also backed off modestly, but remain sharply higher, with WTI crude currently up $10.01 (+10.0%) to $110.13 per barrel.

Sector strength is now a mixed bag, with six S&P 500 sectors trading higher. The real estate sector (+1.0%) holds the widest gain, while the consumer discretionary sector (-1.2%) remains the only sector with a loss of 0.5% or wider, as Tesla (TSLA 366.28, -14.98, -3.93%) is a mega-cap laggard today.

Outside of the S&P 500, the Russell 2000 (+0.3%) and S&P Mid Cap 400 (-0.1%) followed a similar trajectory to the major averages

Economic Data Summary:

• Weekly Initial Claims 202K (Briefing.com consensus 215; Prior was revised to 211K from 210K, Weekly Continuing Claims 1.841 mln; Prior was revised to 1.816 mln from 1.819 mln
  • The key takeaway from the report is that initial claims remain near the 200,000 mark, reflecting a low-firing environment.
• February Trade Balance -$57.3 bln (Briefing.com consensus -$55.8 bln); Prior was revised to -$54.7 bln from -$54.5 bln
  • The key takeaway from the report is that February imports grew more than exports even though February nonfuel import prices (+1.1%) increased at a slower pace than non-agricultural export prices (+1.7%).

Fed/Treasury Events Summary:

• Dallas Fed President Lorie Logan (voting FOMC member) gives speech titled "The banking system and the demand for reserves"
• March employment report to be released Friday when markets are closed
  
  • Briefing.com follows the NYSE schedule, so we do not provide coverage when the NYSE is closed for a market holiday. Accordingly, we won't be updating the economic data live on Friday when it is released.
    
  • For readers who would like to be aware of the consensus estimates for Friday's data, we have provided a snapshot here, along with the link to the BLS site where the data will be released at 8:30 a.m. ET.
    
    • Nonfarm payrolls
      
      • Briefing.com consensus: 51,000
        
      • Prior: -92,000
        
    • Nonfarm private payrolls
      
      • Briefing.com consensus: 51,000
        
      • Prior: -86,000
        
    • Unemployment Rate
      
      • Briefing.com consensus: 4.4%
        
      • Prior: 4.4%
        
    • Average Hourly Earnings
      
      • Briefing.com consensus: 0.3%
        
      • Prior: 0.4%
        
    • Average workweek
      
      • Briefing.com consensus: 34.3
        
      • Prior: 34.3

Upcoming Economic Data:

• March ISM Non-Manufacturing Index due out Monday at 10:00 ET (Briefing.com consensus 54.8%; Prior 56.1%)

The S&P 500 is little changed after climbing 100 points off its morning low with rebound action seen in most sectors and utilities (+0.9%) in the lead.

Key factors driving today's performance include:

• Countercyclical nature of the sector attracting interest of investors eager to maintain some risk exposure in areas that should be most resistant to ongoing geopolitical volatility.
• Catch-up action after this week's underperformance. The sector has gained 1.6% this week versus a 3.3% advance in the S&P 500 that has been owed to renewed strength in worst performing sectors of the year. The utilities sector is up 8.7% for the year versus a 3.9% year-to-date loss in the S&P 500.

Top Gainers

• Atmos Energy Corporation (ATO 188.07, +2.58, +1.39%) best performer in the sector, rising toward its record high from mid-March (190.13).
• Xcel Energy Inc. (XEL 80.70, +0.99, +1.24%) rising to a two-week high.
• Consolidated Edison, Inc. (ED 115.28, +1.37, +1.20%) rising toward its record high from mid-March (116.23).
• Duke Energy Corporation (DUK 132.35, +1.45, +1.11%)  rising toward its record high from mid-March (134.49).
• Sempra (SRE 98.48, +1.06, +1.09%) rising to a fresh record high.

Top Laggards

• Constellation Energy Corporation (CEG 273.23, -6.23, -2.23%) weakest performer in the sector, fell to its lowest level since early February before narrowing its loss. 
• Vistra Corp. (VST 153.04, -0.92, -0.60%) slipped past yesterday's low before narrowing its loss.
• Eversource Energy (ES 69.57, -0.08, -0.12%) hit its best level since mid-March before giving back its gain.
• PG&E Corporation (PCG 17.73, -0.02, -0.11%) climbed to a two-week high before turning negative.
• Edison International (EIX 73.62, +0.04, +0.06%) approached its February high (75.50) before turning negative.

• Late-stage assembly failures are an expensive problem in automotive and industrial manufacturing. Recalls and warranty claims cost major U.S. automakers billions, with many defects not surfacing until the physical build stage. The later an issue is found, the more costly it is to fix, often delaying product launches and driving significant rework.
  
• Developed in collaboration with automotive OEM partners, Keysight Assembly enables engineers to replicate shop-floor processes, including part positioning, clamping, and joining, through guided workflows and templates that require no specialized finite element modeling skills. Teams gain visibility into distortion and dimensional risks much earlier than physical prototyping, reducing reliance on trial-and-error approaches, shortening production timelines, and improving build accuracy.

• The acquisition reflects Versant's continued expansion of its core businesses into digital platforms, evolving its business model and driving growth.
• StockStory's AI-driven technology will strengthen CNBC's ability to provide data-driven insights with faster, more actionable analysis to help investors make informed investment decisions in real time.
• StockStory's AI-driven technology will strengthen CNBC's ability to provide data-driven insights with faster, more actionable analysis to help investors make informed investment decisions in real time.

• Borr Drilling's latest batch of contract awards and extensions reinforces the steady tightening backdrop in the jack-up rig market.
• The mix of new work in West Africa and Southeast Asia, along with extensions in the Americas and Europe, provides improved revenue visibility into 2026 and underscores continued demand from operators despite lingering macro uncertainty.
• While the durations are relatively modest in some cases, the consistent cadence of awards suggests that customers remain committed to offshore development programs. We view this update as incrementally positive.

• Carolina Complete Health and WellCare of North Carolina, subsidiaries of the Centene Corporation, announced receipt of regulatory approval to close on their merger.
• The organization will operate under the Carolina Complete Health brand and serve more than 980,000 members across Medicaid, Medicare and Marketplace. Carolina Complete Health will also continue to support all four Behavioral Health and Intellectual/Developmental Disabilities (I/DD) Tailored Plans that serve approximately 240,000 North Carolinians with complex mental health needs, severe substance use needs, and I/DD.

The S&P 500 (-0.9%), Nasdaq Composite (-1.3%), and DJIA (-1.0%) are firmly lower this morning as fading optimism around an end to the war in Iran is putting broad pressure on equities.

President Trump addressed the nation last night and threatened more strikes against Iran, which the market did not take to mix well with this week's ceasefire hopes. Oil prices are moving sharply higher this morning, with WTI crude currently up $11.14 (+11.1%) to $111.26 per barrel.

The energy sector (+2.3%) is an early standout, while the defensive consumer staples (+0.4%) and utilities (+0.7%) sectors also trade higher after going largely overlooked in the previous two risk-on sessions.

The other eight S&P 500 sectors trade lower, with losses widest across mega-cap and tech stocks that have supported index-level growth this week. The Vanguard Mega Cap Growth ETF is down 1.3%, and the consumer discretionary (-2.1%), information technology (-1.2%), and communication services (-1.2%) sectors are among the early laggards.

Though the early losses reflect a downshift in sentiment, the major averages would need to double or even triple their current losses to negate previous strength this week fully, and stocks are already starting to tick up from their opening lows.

Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement.

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• MSTR Weekly Apr02 137 calls are seeing interest with 13.0K contracts trading vs. open int of 16.5K, pushing implied vol up around 8 points to ~78%. Co is expected to report earnings early May.
  

Puts:

• AAL Weekly Apr10 10 puts are seeing interest with the underlying stock down 6% with 3.9K contracts trading vs. open int of 5.6K, pushing implied vol up around 7 points to ~65%. Airline shares are falling amid a rise in oil prices. Co is expected to report earnings in late April.
  

Stocks seeing volatility selling:

• AYI implied vol is lower following earnings/guidance

Sentiment: The CBOE Put/Call ratio is currently: 1,03, VIX: (27.27, +2.73, +10.3%).
April 17 is options expiration -- the last day to trade April equity options.
*Please use the Talk to Us link at the top of the page to provide feedback on this comment as well as the OPTNX comments. Data provided by LiveVol.com.

Buyers:

• BNR Founder, Chairman, and Chief Executive Officer bought 314,870 ordinary shares (represented by American depositary shares) at $16.10 - $18.99 worth approximately $5466K (transaction date 3/31).
• CNTB Director James Huang (Panacea Venture) bought 1,160,000 shares at $3.45 X worth approximately $4 mln (transaction date 3/31).
• GLBS Director bought 375,145 shares at $1.96 - $2.30 worth approximately $802K (transaction date 3/31).
• RBRK Director bought 10,638 shares of Class A Common Stock at $47.03 - $47.42 worth approximately $502K (transaction date 3/30).
• ZBIO Director by deputization (Fairmount) bought 150,000 shares at $20.00 worth approximately $3 mln (transaction date 3/31).

Sellers:

• COST Executive Vice President sold 700 shares at $993.00 worth approximately $695K (transaction date 4/1).
• CYTK President & Chief Executive Officer sold 7,500 shares at $66.63 worth approximately $500K (transaction date 4/1).

For regular updates on our insider summaries and commentary, please add Briefing ticker INSID to ticker alerts. Transactions exclude pre-arranged trading plans. Sales exclude option-related sell-offs.

• The Company believes this substantial investment represents a major "vote of confidence" in Rezolve's long-term vision and market position. The move follows the strategic milestones and growth trajectory highlighted in the company's latest financial results.
• The shares were acquired through a combination of direct issuance from Rezolve and private transactions with existing shareholders. This increased position solidifies DBLP Sea Cow Limited as a cornerstone investor dedicated to Rezolve's future innovation and global expansion.

• Co announced activation of NewYork-Presbyterian/Columbia University Irving Medical Center in New York, NY as the newest Qualified Treatment Center (QTC) for the administration of ZEVASKYN (prademagene zamikeracel) gene-modified cellular sheets.
• "Activation of NewYork-Presbyterian/Columbia University Irving Medical Center as our fifth QTC significantly expands patient access to ZEVASKYN in the New York metropolitan area and across the Northeast," said Dr. Madhav Vasanthavada, Chief Commercial Officer of Abeona. "Partnering with an institution recognized globally for its leadership in genetic medicines and long history in managing blistering skin disorders means that our patients will be supported by world-class clinical expertise throughout their treatment journey."
• Aimee Payne, MD, PhD, the Herbert and Florence Irving Professor and Chair of Dermatology at Columbia University Vagelos College of Physicians and Surgeons and Dermatologist-in-Chief at NewYork-Presbyterian, said, "Integrating this gene therapy underscores NewYork-Presbyterian and Columbia's leadership in precision medicine and our deep commitment to the epidermolysis bullosa community. Our multidisciplinary model is designed to support these patients through a lifetime of care-including the critical transition from pediatric to adult medicine. For families navigating the daily burden of recessive dystrophic epidermolysis bullosa, this is more than a new option for healing skin-it is a vital step toward restoring their confidence, mobility, and hope."

• Co announced that it has entered into a lease development agreement with PowerBridge LLC providing the option to lease up to ~3,400 acres in Reeves County, Texas from LandBridge for a giga-scale data center campus with up to 2 GW of initial co-located power generation under development by PowerBridge and its power partners.
• The lease development agreement grants PowerBridge the right to further advance site development activities and pursue entitlements for the Alpha Digital Campus and an ability to lease the property on a long-term basis for the development of campus digital infrastructure and associated power solutions to serve data center customers at scale.

• SoundHound AI (SOUN) and Qulitas announce that the insurer has uplevelled its customer service operations by deploying SoundHound's agentic AI platform. The transition promises to deliver further gains in call containment, resolution efficiency, and improvements to the overall customer experience.
• LegalZoom.com (LZ) and GoDaddy (GDDY) have entered into a partnership to protect the rapidly expanding agentic open web for small and medium-sized businesses.

• Truck leadership: F-Series continues as America's No. 1 truck in Q1 - the first step toward 50 straight years as the best-selling truck in America. Total pickup and van sales reached 257,475 vehicles.
  
• Large SUV sales surge: Combined sales of Bronco, Explorer and Expedition rose 17.9%, the best start for this high-margin product lineup since 2002.
• Expedition sales climb: Three-row SUV sales up 30.2% to 17,554 units, fueled by double-digit growth in every month of the quarter.
  
• Explorer gains: America's No. 1 three-row SUV, Explorer, extended its lead with sales of 61,387 vehicles, a 29.7% increase.
• Subscriptions climb: Paid software subscriptions for Ford Pro Intelligence rose approximately 29% in Q1, surpassing 865,000 active subscriptions to date.
• Release

• Builds on Back to Starbucks transformation to strengthen the coffeehouse experience through new partner incentive program.
• Provides hourly partners (employees) the opportunity to earn quarterly bonuses based on store performance and customer experience.

The stock market is on track for a lower opening as recent ceasefire optimism fades while crude oil climbs past the $112 per barrel mark.

Though geopolitical developments are doing the driving this morning, there are still a few noteworthy economic data points.

Initial jobless claims for the week ending March 28 fell by 9,000 to 202,000 (Briefing.com consensus 215,000) from last week's revised reading of 211,000 (from 210,000). Continuing claims increased by 25,000 to 1.841 million from last week's revised reading of 1.816 million (from 1.819 million).

The key takeaway from the report is that initial claims remain near the 200,000 mark, reflecting a low-firing environment.

The trade deficit widened to $57.3 billion in February (Briefing.com consensus -$55.8 billion) from a revised $54.7 billion deficit (from -$54.5 billion) in January. The wider gap was the result of exports being $12.6 billion more than January exports and imports being $15.2 billion more than January imports.

The key takeaway from the report is that February imports grew more than exports even though February nonfuel import prices (+1.1%) increased at a slower pace than non-agricultural export prices (+1.7%).

• Co announces new enhancements to its global channel framework, Lenovo 360, building on the success of its channel-centric model to further simplify and accelerate partner growth.
• Lenovo 360 has become the foundation for how Lenovo enables, connects with, and grows alongside its global partner ecosystem. These latest updates reflect Lenovo's continued commitment to evolving the partner experience and creating more intuitive, scalable paths to growth.

• AeroFlexx, part of the Innventure (INV) has achieved International Sustainability and Carbon Certification PLUS certification at the West Chester manufacturing site. This certification reinforces the company's commitment to advancing the circular economy through traceable and certified production practices, enabling participating or licensed ISCC-certified brands to substantiate recycled material claims and stringent sustainability reporting requirements under independent third-party verification. The AeroFlexx manufacturing process is designed to ensure consistent performance and reliability at a global commercial scale.
• United States Antimony Corporation (UAMY) announced that it has restarted mining operations at its property holdings located on Stibnite Hill, Thompson Falls, Montana. Previous activities ceased late last year in early November due to winter weather conditions. Due to milder weather conditions experienced this past winter, along with minimum snowfall in Montana, field operations were able to be recommenced earlier than anticipated.
• American Express (AXP), Resy and Chef's Table are embarking on a multi-year partnership that will extend the groundbreaking Netflix (NFLX) series into immersive programming for chef-obsessed diners and American Express Card Members.
• Innovative Aerosystems (ISSC) announced that it has acquired from Honeywell International (HON) an exclusive perpetual license covering unique and related parts, intellectual property, customer contracts, OEM and aftermarket production and repair, and program assets associated with Honeywell power generator systems supporting commercial and defense aircraft.
• Starting today, Gen Mobile is increasing data across its most popular prepaid wireless plans without increasing the cost. These upgrades provide more high-speed data at no additional cost, ensuring reliable and affordable connectivity. Gen Mobile is a brand of the EchoStar Corporation (SATS).

• Co announced that two customers have placed follow-on orders totaling $30 million for the Eclipse platform configured with active thermal control for testing of next generation high-performance computing processors.
• The orders, which are expected to be delivered over the next couple of quarters, expand Cohu's presence in the fast-growing HPC market and reflect rising demand for scalable, high performance test solutions as processor complexity, power density and thermal constraints continue to increase. Together, these production-level engagements underscore the increasing importance of scalable, thermally precise test architectures as HPC devices push the limits of performance.
• Within these follow-on orders, one customer is subscribing to Cohu's PAICe Prescriptive software analytics -- worth a potential of $330 thousand in annual subscription fees -- to help drive higher overall equipment efficiency (OEE) in production at its outsourced semiconductor assembly and test partner. PAICe Prescriptive continuously analyzes equipment signals and behavior patterns to predict issues before they impact production and provides guided repair recommendations to reduce troubleshooting time, improve productivity and lower mean time to repair (MTTR).
• "These follow-on orders reinforce the strong customer momentum we are seeing for Eclipse, including continued demand projected in the second half of this year. Additionally, other customers are qualifying the Eclipse for their processor test needs over the next couple of quarters," said Luis Mller, Cohu President and CEO. "We are fast expanding in the high-performance computing market and estimate delivering results toward the higher end of our $60 million to $85 million guidance for this segment in 2026."

• Co announces the launch of the first carrier-approved conversational AI application powered by ChatGPT technology for auto insurance shopping. Built on MediaAlpha's trusted programmatic marketplace, the app modernizes how consumers find and connect with auto insurance carriers, while meeting the compliance, accuracy, and brand standards that carriers require.
• The MediaAlpha app guides consumers through a structured conversation, collecting key details like zip code, vehicle information, homeownership status, age, and credit profile. Then, unlike other AI-powered shopping experiences, the app surfaces real-time, carrier-approved listings from MediaAlpha's live marketplace.

• Co announces it has completed its previously announced acquisition of Girardin Group's stake in the Micro Bird joint venture, resulting in Blue Bird taking full ownership of the enterprise.
• The transaction, valued at approximately $200 mln through a combination of cash and stock, marks a significant milestone in the co's strategy to streamline operations and expand its market reach. With the closing of the acquisition, Blue Bird fully consolidates its North American operations, unifying its businesses under one brand, one team, and one operating approach.

• LiveRamp (RAMP) announced an expanded partnership with Unity (U) to improve marketers' effectiveness reaching mobile users, as well as powering better marketing returns. The partnership will make LiveRamp's durable, interoperable identifier -- RampID -- available across Unity Exchange, enabling marketers, agencies, and platforms to apply identity-based buying strategies within Unity's mobile ecosystem, which includes 2.9B monthly active devices in mobile environments globally, and 256M in the U.S.
• InterDigital, Inc. (IDCC), a wireless, video, and AI technology research and development company, today announced that the company has signed a new patent license agreement with Buffalo Americas, Inc. and new agreements with a global TV manufacturer.

• Co announces the general availability of the Box Agent, an AI-powered capability that takes natural language instructions to reason and complete complex tasks, reinventing how enterprises work with unstructured data.
• Acting as a unified AI engine across Box, the Box Agent leverages the latest advanced reasoning models to securely search company files, analyze and synthesize critical data, and generate new content -- all while respecting Box's enterprise-grade security, governance, and permissions controls.
• Box also announced enhancements to Box AI Studio, allowing admins to develop custom agents tailored to complex, business-specific use cases.

• Ultragenyx announced FDA acceptance of its BLA resubmission for UX111, a gene therapy for Sanfilippo syndrome Type A.
  • The FDA set a PDUFA action date of September 19, 2026.
  • If approved, UX111 would become the first therapy for this rare pediatric neurodegenerative disease.
  • Clinical data show durable treatment effects with an acceptable safety profile, supporting the application.

• Co announces that Datadog Experiments is available to customers everywhere. The new product enables teams to design, launch, and measure product experiments and A/B tests directly within the Datadog platform-giving teams the data and insights they need to understand how every change affects user behavior, application performance and business outcomes.

• Co has been chosen to automate Strategic Biofuels' $2-billion landmark Louisiana Green Fuels (LGF) power facility in Caldwell Parish. The project consists of a wood-fired power plant fully integrated with commercial-scale carbon capture and sequestration (CCS), delivering carbon-neutral electricity to Louisiana's grid.

The S&P 500 futures currently trade 101 points below fair value. 

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note amid renewed concerns about the Iran conflict dragging on after President Trump's address to the Nation. Japan sold 10-yr JGBs to weak demand, sending the 10-yr yield to a level not seen in more than 20 years. Foreign investors sold Japanese equities and JGBs aggressively into Japan's fiscal year end. China will increase its reserves of frozen pork after hog prices reached an eight-year low. China Securities Journal noted that the issuance of yuan-denominated bonds by foreign entities doubled in Q1.

• In economic data:
  • Japan's March Monetary Base -11.6% yr/yr (expected -10.8%; last -10.6%)
  • South Korea's March CPI 0.3% m/m (expected 0.6%; last 0.3%); 2.2% yr/yr (expected 2.4%; last 2.0%)
  • Australia's February trade surplus AUD5.69 bln (expected surplus of AUD2.81 bln; last surplus of AUD2.26 bln). February Imports -3.2% m/m (last 1.0%) and Exports 4.9% m/m (last -1.6%)
  • India's March Manufacturing PMI 53.9 (expected 53.8; last 56.9)

---Equity Markets---

• Japan's Nikkei: -2.4%
• Hong Kong's Hang Seng: -0.7%
• China's Shanghai Composite: -0.7%
• India's Sensex: +0.3%
• South Korea's Kospi: -4.5%
• Australia's ASX All Ordinaries: -1.3%

Major European indices trade in the red, reflecting some persisting worries about the trajectory and duration of the Iran conflict ahead of a four-day Easter weekend that will keep the region's major markets closed through Monday. Bank of England Governor Bailey cautioned against pricing in rate hikes while the European Central Bank is expected to hike rates a couple times, creating a divergence in the region's rate expectations.

• In economic data:
  • France's February government budget deficit EUR32.1 bln (last deficit of EUR9.7 bln)
  • Italy's February Retail Sales 0.0% m/m (expected 0.3%; last 0.6%); 1.6% yr/yr (last 2.5%)
  • Swiss March CPI 0.2% m/m (expected 0.5%; last 0.6%); 0.3% yr/yr (expected 0.5%; last 0.1%)

---Equity Markets---

• STOXX Europe 600: -1.4% 
• Germany's DAX: -2.2%
• U.K.'s FTSE 100: -0.5% 
• France's CAC 40: -1.3% 
• Italy's FTSE MIB: -1.8% 
• Spain's IBEX 35: -1.8%

• The Company announced the pricing of an underwritten public offering of 12,500,000 shares of its common stock and accompanying Series A warrants to purchase up to 12,500,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an exercise price of $1.40 per share of common stock and Series B warrants to purchase up to 12,500,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an exercise price of $1.40 per share of common stock, at a combined public offering price of $1.40 per share of common stock and accompanying Series A and Series B warrants. All of the securities in the offering are being sold by INOVIO. The offering is expected to close on or about April 6, 2026, subject to the satisfaction of customary closing conditions.
• The gross proceeds from the offering, before deducting the underwriting discounts and commissions and offering expenses payable by INOVIO, excluding any exercise of the underwriter's option to purchase additional securities and assuming no exercise of the accompanying Series A and Series B warrants, are expected to be approximately $17.5 million.

• Plug Power Inc. (PLUG) has been awarded the Front-End Engineering Design contract to supply a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada Inc.'s "Courant" project. The system represents one of the largest electrolyzer project awards to Plug to date, underscoring the company's leadership in delivering superior hydrogen technology on a global scale.
• Redwire Corporation (RDW) has been awarded a contract to develop a quantum-secure satellite under the European Space Agency's Quantum Key Distribution Satellite, within ESA's Advanced Research in Telecommunications Systems Partnership Projects program. Redwire will manufacture and deliver its European-built Hammerhead spacecraft, equipped with the QKD payload and Redwire's ADPMS-3 suite of avionics.
• GXO Logistics (GXO) has opened a new distribution center in Mississauga, Ontario with Pandora, the world's largest jewelry brand. The facility underscores the strength of GXO and Pandora's long-standing partnership, which now spans distribution centers across the U.S., UK and Continental Europe.
• Mercury Systems (MRCY) was awarded a contract from L3Harris Technologies (LHX) to provide solid-state data recorders for the U.S. Space Development Agency (SDA) Tranche 3 Tracking Layer satellite constellation.
• Red Cat Holdings (RCAT) announces that in March 2026, a NATO ally selected its Black Widow sUAS on a competitive tender, with delivery of an undisclosed number of systems scheduled for delivery during calendar year 2026. The contract was facilitated through NATO Support and Procurement Agency.

• For certain aftermarket parts, intellectual property, and program assets associated with select legacy Honeywell avionics product lines supporting the global Part 23 aircraft fleet.
• Under the terms of the agreement, ISSC acquired certain contracts, OEM and aftermarket production and repair, and critical operational assets such as specialized tooling and test equipment from Honeywell for supporting legacy navigation/communication radios, autopilot systems, multifunction displays (MFDs), and transponder technologies installed across a wide range of general aviation aircraft.
  
• This strategic expansion strengthens Innovative Aerosystems' ability to provide long-term sustainment, engineering support, and supply continuity for operators, maintainers, and OEM partners worldwide.

The S&P 500 futures currently trade 101 points below fair value.

Just released, initial jobless claims for the week ending March 28 fell by 9,000 to 202,000 (Briefing.com consensus: 215,000) from an upwardly revised previous level of 211,000 (from 210,000).

Continuing jobless claims decreased by 25,000 to 1.841 million, from a downwardly revised 1.816 million (from 1.819 million).

The trade deficit widened to $57.3 billion in February (Briefing.com consensus -$55.8 billion) from a revised $54.7 billion deficit (from -$54.5 billion) in January.

• Deupirfenidone 825 mg TID monotherapy significantly slowed lung function decline versus placebo at 26 weeks in people with idiopathic pulmonary fibrosis (adjusted mean FVC difference 91 mL; p=0.02), approaching the lung function change expected in normal, healthy aging.
• First industry-sponsored IPF trial to include a current standard-of-care treatment as an active comparator in addition to a placebo arm, strengthening interpretation of efficacy and safety findings.
• PureTech's Founded Entity, Celea Therapeutics, is working to complete a financing to enable the initiation of the Phase 3 SURPASS-IPF trial in the first half of 2026.

• SE&M provides full lifecycle service offerings with a meaningful contribution generated from the maintenance and retrofit of existing facilities, providing a consistent base of recurring revenue. The company focuses on end markets where unique capabilities and expertise are required to successfully execute projects, resulting in deep customer relationships.
• As part of the transaction, Bynum, Rogers, SE&M Chief Financial Officer Alex Bynum and other key members of SE&M's experienced leadership team will remain with the company.
• Everus acquired SE&M for $158 million, subject to certain closing adjustments, funded by cash on hand. Transaction terms also allow for a potential earnout payment, not to exceed an additional 8% of the purchase price, based on certain post-acquisition performance targets.
  
• SE&M has a proven history of strong financial performance with an attractive margin profile. In 2025, SE&M generated revenue of $109 million with earnings before interest, taxes, depreciation and amortization (EBITDA) as a percentage of revenue in the high teens.
  
• Everus will update its financial forecast for 2026 during its first quarter earnings report.

• Under the terms of the agreement, Integrity Medical Service will lead sales, implementation and service support for the Nanox.ARC system throughout Colorado, Wyoming and the western parts of Kansas and Nebraska. The collaboration is expected to expand Nanox's presence in the region while leveraging Integrity's established relationships within the local imaging community.
• The target will be to deploy four systems in Year 1 and 12 in Year 2, subject to market conditions and customer adoption.

• Diebold Nixdorf (DBD) announced that FOREX, the Nordic region's leader in travel money and foreign exchange, has gone live with Branch Automation Solutions for end-to-end ATM network management. Designed to help FOREX improve efficiency in its physical channels and deliver a seamless, omnichannel consumer experience, Branch Automation Solutions is a comprehensive, software-enabled services suite.
• Revolution Medicines (RVMD) announced that it has begun treating patients in RASolute 303, a global Phase 3 clinical trial evaluating daraxonrasib as monotherapy and in combination with chemotherapy in patients with previously untreated metastatic pancreatic ductal adenocarcinoma (PDAC), a disease predominantly driven by oncogenic RAS variants. RASolute 303 is designed to enroll patients irrespective of tumor RAS genotype.
• TransUnion (TRU) has launched TruIQ Credit Strategy Studio. This self-service prescreen solution streamlines campaign development and activation, reducing prescreen build times by up to 75% and shrinking weeks-long processes to just days. Organizations can now build, test and deploy prescreen strategies in one place with TruIQ Credit Strategy Studio, streamlining traditionally complex, multistep workflows. Designed to give lender marketing teams greater control, it eliminates reliance on technical experts by providing no-code, drag-and-drop tools for creating and updating decision logic.

• Andy Cheung will join AAON on April 20, 2026, as its Executive Vice President and Chief Financial Officer. In this role, Cheung will be responsible for overseeing all financial operations and investment strategy to support the Company's rapidly growing business and reinforce financial discipline as it scales. Cheung most recently served as Executive Vice President and CFO at Commercial Vehicle Group Inc. for the past three years. Previously, Cheung had spent more than 25 years in various senior financial leadership positions within the HVAC and automotive industries.
• Cheung will succeed AAON's current CFO, Rebecca Thompson, as part of a well-planned leadership transition. Thompson will fill the role of Chief Accounting Officer, a position she previously held prior to becoming the Company's CFO in 2021.

• VisionWave Holdings (VWAV) announced that it has received a signed purchase order from a Latin American public safety organization for the supply of drone-based operational systems and integrated payload technologies. The purchase order follows VisionWave's previously announced engagement with senior government officials in Latin America, where the Company conducted a series of technical presentations regarding homeland security and public safety applications of its aerial and sensing platforms (see press release dated March 16, 2026).
• Freshworks (FRSH) introduced Freshservice's redefined IT Asset Management. By integrating continuous infrastructure discovery and dependency mapping directly into Freshservice and combining them with IT Service Management and IT Operations Management, organizations gain an AI-powered service operations platform that enables teams to unify data and workflows, assess service impact comprehensively, and shorten resolution cycles.

• The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company's leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of approximately $1.4 million for the first year.
• In conjunction with this announcement, CVG has reaffirmed its previously issued full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on March 10, 2026.

• Late in the first quarter, our Shreveport facility required unplanned maintenance after discovering the presence of organic chlorides1 in our feedstock tanks. Operations across significant portions of the facility were temporarily suspended to protect our employees and equipment. This outage resulted in a loss of approximately 750,000 barrels of production, and the Company, assisted by third party experts, are conducting an investigation as to the source of organic chlorides. After extensive product testing, asset inspection, and equipment repairs, the Shreveport facility is back fully operational and processing over 50,000 barrels per day of feedstock.
• As previously disclosed, Montana Renewables planned shutdown for its MaxSAF expansion and additional turnaround activities began the week of March 2nd and is expected to last approximately 48 days. The project is more than 70% complete and is currently on time and budget.
  

• Co announces the integration of Thorn Detect -- a child sexual abuse material (CSAM) detection tool developed by Thorn -- into Veritone's AI-powered Intelligent Digital Evidence Management System (iDEMS) solutions suite.
• Using state-of-the-art machine learning models, Thorn Detect quickly identifies potential child sexual abuse images and videos on a seized digital device, helping investigators prioritize the most critical files, speed up case resolution, and find victims faster and remove them from harm.

• The Company announced the appointment of Peter Anastasiou as Chief Operating Officer and updates to its Board of Directors, including the appointment of Troy Ignelzi as a director and the nomination of Geno J. Germano as a director for election at Harmony's 2026 Annual Meeting of Shareholders.
• Mr. Anastasiou previously served on Harmony Biosciences' Board of Directors, where he contributed strategic insight across the business during a period of continued growth and operational evolution.
• With Mr. Anastasiou's resignation from the Board, Harmony also announced the appointment of Troy Ignelzi to its Board of Directors. Mr. Ignelzi will serve out the remainder of Mr. Anastasiou's term and will stand for re-election at Harmony's 2026 Annual Meeting of Shareholders. Mr. Ignelzi is an experienced executive with expertise across finance, operations, business development, and corporate governance, having led and advised multiple public and private biotechnology companies. He currently serves as Chief Financial Officer of Rapport Therapeutics and previously served as Chief Financial Officer of Karuna Therapeutics, where he led the execution of a private crossover round, the company's IPO and multiple follow-on financings.
• In addition, Antonio Gracias, who has served as a director since September 2017 and currently chairs the Compensation Committee, advised the Board that he will not stand for re-election at the 2026 Annual Meeting of Shareholders. The Board has nominated Geno J. Germano for election to the Board at the 2026 Annual Meeting of Shareholders, subject to shareholder approval.

• Diane Garrett, President and CEO commented: "These exceptional drill results represent a pivotal stage in the advancement of our project, where two years of disciplined analysis and exploration are delivering clear, high-impact success. They not only confirm the strength and continuity of the mineralization we've long believed in, but the consistency and scale of the mineralization we are seeing strongly support our geological and structural model. Results from both Vortex and Brimstone highlight two high-grade mineralized systems that are far more extensive than initially understood, with the true scope of each discovery beginning to emerge. More importantly, these results represent only a small portion of the system's potential as both Vortex and Brimstone remain open in all directions and at depth. This is just the beginning of what we believe will be a much larger and highly compelling discovery story."
• Alex Davidson, Vice President, Exploration commented: "Our team is extremely pleased with these additional results from Vortex and our understanding of Hycroft's emerging discoveries at both Vortex and Brimstone. Hole H25D-6083 was designed to test the structural intersection of the Break and Albert Faults. After two years of methodical logging of core which resulted in an update to the structural model controlling the mineralization at both Vortex and Brimstone, we have defined fluid pathways that are being targeted in our drilling program."

• NANO Nuclear Energy announced submission of a Construction Permit Application to the NRC for its KRONOS microreactor.
  • The filing, made with the University of Illinois, marks a transition from design to a licensable, build-ready system.
  • The company is among a small group of advanced reactor developers to reach this stage, advancing toward commercial deployment.
  • The milestone supports NANO's strategy to develop scalable, standardized nuclear systems for broader market rollout.

• Co extends its edge routing portfolio with new Terabit-class edge routers, featuring 400Gbit/s interfaces. These new devices give operators a practical, cost-effective way to scale capacity at the network edge without adding space, power or operational burden.

• Argent Trust Company, as Trustee of the Sabine Royalty Trust, declares a cash distribution of $0.324970 per unit.
• This distribution reflects primarily the oil production for January 2026 and the gas production for December 2025, which is considered current production. Preliminary production volumes are approximately 44,645 barrels of oil and 885,409 Mcf of gas. Preliminary prices are approximately $57.57 per barrel of oil and $3.42 per Mcf of gas.
• This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas pricing, slightly offset by a decrease in oil and natural gas production.

• The acquisition significantly expands Gold.com's vertically integrated minting platform and increases total production capacity to more than three million ounces of finished precious metals products per week across Sunshine Minting and Silver Towne Mint.
• Also included in the transaction is the acquisition of Liberty Refining in Hayden, ID, which was acquired by SMI in 2023. Serving as SMI's primary refining services partner since 2007, Liberty Refining provides ultra-high purity outturns to its customers with silver up to 99.99% purity and gold up to 99.999% purity.
  

• Brookdale Senior Living Inc. (BKD) announced the Company completed a successful refinancing transaction from KeyBank's real estate business through its Freddie Mac loan origination program, effectively extending a significant portion of the Company's 2027 debt maturities. On March 31, 2026, the Company obtained an aggregate $185 million of debt on seven communities and repaid $191 million of outstanding mortgage debt secured by 11 communities previously scheduled to mature in March 2027. The principal amounts of the new loans are secured by non-recourse first mortgages, bear interest at a fixed rate of 5.38%, are interest only for the first two years, and mature in April 2033.
• V2X, Inc. (VVX) announced the appointment of Mike Uster as Chief Information Officer, effective immediately. In this role, Uster will lead the company's global information technology strategy, enterprise systems, and digital transformation initiatives, with a focus on strengthening cybersecurity, advancing AI-enabled capabilities, and enabling secure, resilient technology platforms that support V2X's mission-critical operations. Uster brings more than 35 years of experience leading enterprise IT, innovation, and mission-critical technology solutions for government and industry. Most recently, he served as Chief Information Officer, Chief Technology Officer, and Senior Vice President at ManTech, where he led enterprise-wide digital transformation initiatives, cybersecurity modernization, and advanced technology adoption across global operations.
• LifeVantage Corporation (LFVN) announced it will be expanding its products and business opportunity in Portugal, welcoming a new wave of purpose-driven entrepreneurs and wellness seekers to its growing international community. This expansion, planned for a May 2026 launch, marks the Company's continued partnership with its field leadership on international expansion and reinforces its commitment to delivering science-backed wellness solutions to consumers around the world.

• Co will present the ORION study at the upcoming Obesity Medicine Association's annual conference in San Diego showing that Wegovy (semaglutide) tablets 25 mg was associated with significantly greater mean weight loss than orforglipron 36 mg in a population-adjusted indirect treatment comparison. It is important to note that the FDA recently approved orforglipron under the brand name Foundayo at doses ranging up to 17.2 mg. The approved 17.2 mg tablet is the equivalent to the orforglipron 36 mg capsules used in Phase 3 trials, and which served as the study comparator in ORION. Additionally, in a separate patient preference study, adults with overweight or obesity showed greater preference for an oral semaglutide--like profile than an orforglipron-like profile.1,2 These findings suggest potential differentiation and provide valuable insights to inform clinical decision-making.
• "These studies add to the growing body of evidence supporting the clinical strength of semaglutide and highlight attributes that patients value when choosing an obesity medicine that fits their lifestyle," said Jamey Millar, executive vice president, US Operations of Novo Nordisk. "Since its approval, we've seen strong interest in Wegovy pill, from both healthcare professionals and people seeking obesity therapy, underscoring the importance of our continued focus on advancing obesity care through our relentless pursuit of innovation."
• Additionally, OPTIC was an online patient preference study assessing key factors driving obesity treatment decisions conducted from October to November 2025. The study was conducted among 800 adults with either obesity or overweight and at least one obesity-related complication, with or without prior experience using obesity medicine, and included a predicted choice comparison of hypothetical treatment profiles similar to oral semaglutide 25 mg and orforglipron.2 Results of the predicted choice comparison based on clinical trial results showed that 84% of survey respondents favored the oral semaglutide-like profile option.
• Additionally, a majority of all respondents (65%) agreed that taking a treatment on an empty stomach and waiting 30 minutes before eating (oral semaglutide-like dosing instructions) would not disrupt their daily lives.
• Oral semaglutide 25 mg demonstrated significantly greater mean weight loss than orforglipron 36 mg in a population-adjusted indirect treatment comparison (ITC) using data from the OASIS 4 and ATTAIN-1 clinical trials1
• Treatment with orforglipron 36 mg was associated with ~14 times higher odds of stopping medication due to GI adverse events versus oral semaglutide 25 mg in the ITC1
  
• In a separate patient preference study, 84% of survey respondents favored the treatment profile similar to oral semaglutide 25 mg compared to that similar to orforglipron2

Equity futures point to a sharply lower opening this morning as concerns that the U.S. and Iran are not as close to a ceasefire as previously thought have sent oil prices surging.

Stocks are coming off a second consecutive session of solid gains, largely driven by hopes that the war in Iran will draw to a close soon. There were reports that President Trump told aides the U.S. will withdraw from military operations in the next two to three weeks.

Last night, President Trump addressed the nation on the conflict in Iran. While the President reiterated that the U.S. was nearing the completion of its objectives in Iran, the address came with renewed threats against Tehran and promises to "bring them back to the stone age."

Additionally, The New York Times reports that U.S. intelligence agencies do not believe Iran is currently willing to engage in talks to end the war. Crude oil is currently up $9.23 (+9.2%) to $109.35 per barrel. On the data front, the market will receive the February Trade Balance (Briefing.com consensus -$55.8 billion) at 8:30 a.m. ET, alongside the weekly initial jobless claims report (Briefing.com consensus 215K).

In corporate news:

• The Trump administration will soon announce new tariffs on drugmakers that haven't agreed to lower prices, according to Bloomberg.
• Amazon (AMZN 205.80, -4.77, -2.3%) is in discussions to acquire Globalstar (GSAT 80.20, +11.67, +17.03), according to Financial Times.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note amid renewed concerns about the Iran conflict dragging on after President Trump's address to the Nation. Japan's Nikkei: -2.4%, Hong Kong's Hang Seng: -0.7%, China's Shanghai Composite: -0.7%, India's Sensex: +0.3%, South Korea's Kospi: -4.5%, Australia's ASX All Ordinaries: -1.3%.

In news:

• Japan sold 10-yr JGBs to weak demand, sending the 10-yr yield to a level not seen in more than 20 years.
• Foreign investors sold Japanese equities and JGBs aggressively into Japan's fiscal year end.
• China will increase its reserves of frozen pork after hog prices reached an eight-year low.
• China Securities Journal noted that the issuance of yuan-denominated bonds by foreign entities doubled in Q1.

In economic data:

• Japan's March Monetary Base -11.6% yr/yr (expected -10.8%; last -10.6%)
• South Korea's March CPI 0.3% m/m (expected 0.6%; last 0.3%); 2.2% yr/yr (expected 2.4%; last 2.0%)
• Australia's February trade surplus AUD5.69 bln (expected surplus of AUD2.81 bln; last surplus of AUD2.26 bln). February Imports -3.2% m/m (last 1.0%) and Exports 4.9% m/m (last -1.6%)
• India's March Manufacturing PMI 53.9 (expected 53.8; last 56.9)

Major European indices trade in the red, reflecting some persisting worries about the trajectory and duration of the Iran conflict ahead of a four-day Easter weekend that will keep the region's major markets closed through Monday. STOXX Europe 600: -1.3%, Germany's DAX: -2.2%, U.K.'s FTSE 100: -0.2%, France's CAC 40: -1.4%, Italy's FTSE MIB: -1.6%, Spain's IBEX 35: -1.5%.

In news:

• Bank of England Governor Bailey cautioned against pricing in rate hikes while the European Central Bank is expected to hike rates a couple times, creating a divergence in the region's rate expectations.

In economic data:

• France's February government budget deficit EUR32.1 bln (last deficit of EUR9.7 bln)
• Italy's February Retail Sales 0.0% m/m (expected 0.3%; last 0.6%); 1.6% yr/yr (last 2.5%)
• Swiss March CPI 0.2% m/m (expected 0.5%; last 0.6%); 0.3% yr/yr (expected 0.5%; last 0.1%) 

• Petrobras following up on the announcement of December 1, 2025, informs that the financial settlements related to the first redetermination of the Tupi Shared Reservoir, located in the Santos Basin, have been completed. This follows the approval of the Fourth Addendum to the Production Individualization Agreement (AIP) of the reservoir, which changed Petrobras' participation share from 67.216% to 67.457% as of December 1, 2025. Accordingly, on March 31, 2026, Petrobras received approximately R$ 3 billion from the other consortium partners -- Shell Brasil Petrleo Ltda. (SHEL) and Petrogal Brasil S.A. (Petrogal) -- and paid approximately R$ 600 million to the Federal Government, represented by Pr-Sal Petrleo (PPSA). It is worth noting that these amounts were recognized in the financial statements for 4Q25.
• The financial compensation covers the expenses incurred and revenues related to the volumes produced up to the effective date of this AIP addendum, in accordance with the current Expenses and Volumes Equalization Agreement (AEGV).

 Testing Recent Rebound

• U.S. Treasuries are on track for a lower start that will cut into the market's gains from earlier this week. Treasury futures retreated alongside other sovereign debt overnight, responding to President Trump's address to the Nation. The president discussed the Iran campaign in his speech, saying that another barrage of attacks is planned for the coming weeks and that countries that receive cargo shipped through the Strait of Hormuz should make an effort to keep the route safe. The market hoped yesterday to hear a more conciliatory tone from the U.S. commander-in-chief, so a good chunk of Thursday's optimism has faded. Crude oil has jumped back toward $110/bbl while the U.S. Dollar Index is up 0.6% at 100.23.
• Yield Check:
  • 2-yr: +5 bps to 3.85%
  • 3-yr: +4 bps to 3.87%
  • 5-yr: +4 bps to 4.00%
  • 10-yr: +5 bps to 4.37%
  • 30-yr: +4 bps to 4.94%

• News:
  • President Trump is expected to issue executive orders pertaining to steel and aluminum tariffs this afternoon.
  • Japan sold 10-yr JGBs to weak demand, sending the 10-yr yield to a level not seen in more than 20 years.
  • Foreign investors sold Japanese equities and JGBs aggressively into Japan's fiscal year end.
  • China will increase its reserves of frozen pork after hog prices reached an eight-year low.
  • China Securities Journal noted that the issuance of yuan-denominated bonds by foreign entities doubled in Q1.
  • Bank of England Governor Bailey cautioned against pricing in rate hikes while the European Central Bank is expected to hike rates a couple times, creating a divergence in the region's rate expectations.
  • Japan's March Monetary Base was down 11.6% yr/yr (expected -10.8%; last -10.6%).
  • South Korea's March CPI was up 0.3% m/m (expected 0.6%; last 0.3%), rising 2.2% yr/yr (expected 2.4%; last 2.0%).
  • Australia's February trade surplus reached AUD5.69 bln (expected surplus of AUD2.81 bln; last surplus of AUD2.26 bln) as imports fell 3.2% m/m (last 1.0%) and exports rose 4.9% m/m (last -1.6%).
  • India's March Manufacturing PMI hit 53.9 (expected 53.8; last 56.9).
  • France's February government budget deficit reached EUR32.1 bln (last deficit of EUR9.7 bln).
  • Italy's February Retail Sales were unchanged m/m (expected 0.3%; last 0.6%), rising 1.6% yr/yr (last 2.5%). 
  • Swiss March CPI was up 0.2% m/m (expected 0.5%; last 0.6%), rising 0.3% yr/yr (expected 0.5%; last 0.1%).
• Commodities:
  • WTI Crude: +9.3% to $109.41/bbl
  • Gold: -3.9% to $4624.20/ozt
  • Copper: -2.2% to $5.523/lb
• Currencies:
  • EUR/USD: -0.6% to 1.1516
  • GBP/USD: -0.9% to 1.3195
  • USD/CNH: +0.4% to 6.9029
  • USD/JPY: +0.6% to 159.72
• Data out Today:
  • 8:30 ET: Weekly Initial Claims (Briefing.com consensus 215,000; prior 210,000), Continuing Claims (prior 1.819 mln), and February Trade Balance (Briefing.com consensus -$55.8 bln; prior -$54.5 bln)
  • 10:30 ET: Weekly natural gas inventories (prior -54 bcf)

• Context Therapeutics received FDA Fast Track designation for CTIM-76 to treat platinum-resistant ovarian cancer.
  • The designation is intended to accelerate development and regulatory review for therapies addressing unmet medical needs.
  • CTIM-76 is currently being evaluated in a Phase 1 trial across multiple solid tumor types.
  • Interim clinical data from the ongoing study are expected in June 2026.

• CME Group reported record average daily volume of 41.1 mln contracts in March and 36.2 mln contracts for Q1.
  • Record monthly ADV of 41.1 million contracts in March
  • Record quarterly ADV of 36.2 million contracts in Q1
  • Growth was broad-based, with record quarterly activity across interest rates, energy, metals, equity index, agriculture, and FX products.
  • Interest rate and energy products led gains, with strong activity in U.S. Treasury, SOFR, and crude oil contracts.

Major European indices trade in the red, reflecting some persisting worries about the trajectory and duration of the Iran conflict ahead of a four-day Easter weekend that will keep the region's major markets closed through Monday. Bank of England Governor Bailey cautioned against pricing in rate hikes while the European Central Bank is expected to hike rates a couple times, creating a divergence in the region's rate expectations.

• In economic data:
  • France's February government budget deficit EUR32.1 bln (last deficit of EUR9.7 bln)
  • Italy's February Retail Sales 0.0% m/m (expected 0.3%; last 0.6%); 1.6% yr/yr (last 2.5%)
  • Swiss March CPI 0.2% m/m (expected 0.5%; last 0.6%); 0.3% yr/yr (expected 0.5%; last 0.1%)

---Equity Markets---

• STOXX Europe 600: -1.1% (+2.7% this week)
• Germany's DAX: -2.2% (+2.1% this week)
• U.K.'s FTSE 100: -0.2% (+3.7% this week)
• France's CAC 40: -1.2% (+2.4% this week)
• Italy's FTSE MIB: -1.5% (+3.8% this week)
• Spain's IBEX 35: -1.5% (+3.1% this week)

---FX---

• EUR/USD: -0.7% to 1.1512
• GBP/USD: -0.9% to 1.3187
• USD/CHF: +0.9% to 0.8007

Gapping up
In reaction to earnings/guidance:

• PENG +9.8%, FC +5.6%, AYI +2.3%

Other news:

• CNTB +6.3% (Director bought 1,160,000 shares at $3.45 worth ~$4 mln)
• BNR +3.9% (announces founder's purchase of its ADSs)
• SFIX +2.7% (resumes share repurchases)
• KGS +2% (completes DPS acquisition)
• SGHT +1.6% (to present data at the 2026 ASCRS Annual Meeting)
• RC +1.2% (business update)
• SPFI +1.2% (completes merger with BOH Holdings)

Gapping down
In reaction to earnings/guidance:

• PHVS -8.4%, LNN -3.5%, SMG -2.4% (guidance)

Other news:

• INO -21.8% (proposes public offering of stock and warrants)
• ADAG -13.2% (announces results from the latest data cut from its Phase 1b/2 study of muzastotug in patients with advanced microsatellite stable colorectal cancer with no liver metastases)
• ANRO -12.4% (topline data from Phase 2 proof-of-concept study of ALTO-101)
• SKE -8.5% (announces pricing of $750 million senior secured notes offering to refinance former project financing and to fund partial buyback of existing gold stream)
• IMVT -7.4% (reports Phase 3 study results for Batoclimab in Thyroid Eye Disease)
• LUNR -6.8% (stock offering by selling shareholders)
• WPM -5.5% (to acquire gold and silver stream on Jervois project in Australia; closes $4.3 bln silver stream deal with BHP on Antamina mine)
• KRMN -5.1% (to delay 10-K)
• CLDX -3.6% (prices offering of 10,345,000 shares of common stock at $29.00 per share)
• CVBF -2.6% (receipt of regulatory approvals for merger with HTBK)
• APO -2.5% (preliminary estimates for Q1 alternative net investment income)
• CVGI -2.3% (CFO to resign; reaffirms revenue guidance)
• GILD -1.6% (extends expiration date of tender offer to acquire Arcellx)
• KMTS -1.5% (files for common share offering)
• UMH -1.4% (Q1 operation update)

• Co announced that Kate Layton and Gaurav Rana will assume interim leadership of the company through a joint Office of the CEO, effective April 4, 2026, following the previously announced departure of Raul Vazquez as Chief Executive Officer and a member of Oportun's Board of Directors (the "Board").
• Ms. Layton and Mr. Rana will continue in their current roles as Chief Legal Officer and Corporate Secretary and General Manager of Lending, respectively, as they assume their new responsibilities while the Board completes its search for a permanent CEO. Mr. Vazquez will serve as an advisor to the Company until July 3, 2026, to ensure a smooth and orderly transition.

• As part of this plan, the Company has engaged Stantec Consulting Services Inc. to complete a pre-feasibility level study on Jerritt Canyon (the "Study") that is expected to be completed in Q4 of 2026. The Company plans to invest $75 million in 2026 to support the restart of Jerritt Canyon, with production expected to commence in the second half of 2027.
• The 2025 year-end Mineral Resource Estimates, released on March 31, 2026, highlight Jerritt Canyon's strong sensitivity to bulk-tonnage, low-cost open-pit mining opportunities. The Study will focus on defining the optimal path to sustained, long term, production by leveraging this open-pit potential, complemented by the existing underground mining operations.

• Wix.com announced preliminary results of its modified Dutch auction tender offer, with ~18.7 mln shares tendered at $92 per share.
  • The company expects to repurchase all tendered shares for an aggregate cost of ~$1.72 bln.
  • The shares represent approximately 31.6% of total shares outstanding.

• Dose-Dependent Efficacy Results: As of the latest data cut, muzastotug achieved a 31% (8/26) confirmed overall response rate (ORR) in the combined 20 mg/kg dose cohorts, showing a clear improvement over the 13% ORR (5/39) in the combined 10 mg/kg dose cohorts.
• Extended Durability: Median duration of response (mDOR) was not yet reached in the 20 mg/kg cohorts, with responses ongoing beyond 9 months; confirmed mDOR of 6.2 months in the 10 mg/kg cohorts.
• Meaningful Progression-Free Survival (PFS): Median PFS was 6.7 months in the combined 20 mg/kg cohorts, outperforming the 4.8 months observed in the combined 10 mg/kg cohorts.
• Favorable Overall Survival Results: In the 10 mg/kg cohorts (n=41; median follow-up, 23.8 months), median overall survival was 19.8 months, with 48% of patients alive at two years, showing the long-tail survival typical of CTLA-4 immunotherapy. At 20 mg/kg, one-year survival was 80.8% vs. 70.1% at 10 mg/kg.
• Expanded Therapeutic Window: Across 67 patients in all cohorts, a low 4% overall discontinuation rate, no dose limiting toxicities, and no Grade 4 or 5 treatment-related adverse events (TRAEs); Grade 3 TRAEs were 15% in the 10 mg/kg cohorts and 38% in the 20 mg/kg cohorts, which were generally transient and manageable.
• Clear Clinical Path Forward: Randomized Phase 2 trial enrollment ongoing, with results expected in 1H 2027; potential registration trial expected to begin once recommended dose regimen has been established.

• Hudbay Minerals (HBM) repaid in full all of its outstanding 4.50% senior unsecured notes due 2026, which were originally issued in an aggregate principal amount of $600 million. Hudbay repaid the outstanding aggregate principal amount of $472.5 million of 2026 Notes on maturity on April 1, 2026 using a combination of available cash on hand and a $272 million draw on its low-cost revolving credit facilities. The repayment of the 2026 Notes using available liquidity is consistent with Hudbay's prudent balance sheet management and focus on cost of capital and provides the Company with improved financial flexibility in advance of a Copper World sanctioning decision later this year.
• Microchip Technology (MCHP) has been certified by UL Solutions to the IEC?62443-4-1 Maturity Level 2 (ML2) Industrial Automation and Control System standard, demonstrating that its new product development process meets globally recognized secure by design criteria. The certification provides audit-backed assurance that products are developed under a mature, repeatable and independently verified cybersecurity framework.
• Sitryx Therapeutics announces the nomination of its lead glutaminase-1 (GLS1) inhibitor as the latest development candidate from its proprietary pipeline to progress to regulatory non-clinical studies to support a Clinical Trial Authorization. Regulatory submission preparation and entry into the clinic is expected in H1 2027. Sitryx has an international syndicate of specialist investors including SV Health Investors, Sofinnova Partners, Oxford Science Enterprises, Longwood Fund, Eli Lilly and Company (LLY), and GSK (GSK).
• VIAVI Solutions (VIAV) announced its partnership with satellite communications and positioning solutions provider Ground Control to integrate its Secure PNT STL-1000 into the RockFLEET Assured asset tracking and assured navigation solution.

• Blue Moon Metals completed its acquisition of the Gage Project in Utah from Liberty Gold USA.
• The project includes 181 mining claims and leases covering ~5,916 hectares.
• Consideration included issuance of ~421k shares, along with royalty obligations tied to production.

• As President and COO, Mr. Achille will be responsible for the day-to-day operations of TopBuild's Installation Services and Specialty Distribution businesses. He will also have responsibility for the Supply Chain organization and all growth initiatives, including Mergers and Acquisitions.
• Mr. Achille will continue to report to Robert Buck, CEO of TopBuild.
• Mr. Achille joined TopBuild in 2021.

• Mayfair Gold agreed to acquire the Guibord, Marriott, and Holloway properties from Plato Gold for C$2.5 mln in cash
  • The assets are located near the Fenn-Gib project in Ontario and expand Mayfair's land position by over 65%
  • The properties provide exploration upside along the Porcupine-Destor Fault Zone and support potential infrastructure development
  • The transaction is subject to customary closing conditions, including regulatory approvals.

• Co reaffirms guidance for FY26 (Sep), sees EPS of $4.15-4.35 vs. $4.38 FactSet Consensus.
• Co announced that it is reaffirming its fiscal 2026 guidance as it does not expect the significant global commodity impacts from the Iran War to affect its full-year outlook.
  The Company noted that approximately 80 percent of its commodities for the fiscal year were locked by the close of its second quarter on March 28, 2026. Additionally, around 90 percent of its cost of goods sold are sourced domestically, including nearly 100 percent of the urea that is a primary input in its fertilizer products. The Company obtains urea from reliable suppliers under previously negotiated contracts.
• The Company also announced continued progress on debt reduction, as debt-to-EBITDA leverage ratio at the close of the fiscal second quarter was below 4 times.
• The Company will address its financial performance and progress toward its guidance, which includes U.S. Consumer low single-digit net sales growth and non-GAAP adjusted gross margin of at least 32%, in detail during its fiscal second-quarter earnings call on April 29, 2026.
  

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note amid renewed concerns about the Iran conflict dragging on after President Trump's address to the Nation. Japan sold 10-yr JGBs to weak demand, sending the 10-yr yield to a level not seen in more than 20 years. Foreign investors sold Japanese equities and JGBs aggressively into Japan's fiscal year end. China will increase its reserves of frozen pork after hog prices reached an eight-year low. China Securities Journal noted that the issuance of yuan-denominated bonds by foreign entities doubled in Q1.

• In economic data:
  • Japan's March Monetary Base -11.6% yr/yr (expected -10.8%; last -10.6%)
  • South Korea's March CPI 0.3% m/m (expected 0.6%; last 0.3%); 2.2% yr/yr (expected 2.4%; last 2.0%)
  • Australia's February trade surplus AUD5.69 bln (expected surplus of AUD2.81 bln; last surplus of AUD2.26 bln). February Imports -3.2% m/m (last 1.0%) and Exports 4.9% m/m (last -1.6%)
  • India's March Manufacturing PMI 53.9 (expected 53.8; last 56.9)

---Equity Markets---

• Japan's Nikkei: -2.4%
• Hong Kong's Hang Seng: -0.7%
• China's Shanghai Composite: -0.7%
• India's Sensex: +0.3%
• South Korea's Kospi: -4.5%
• Australia's ASX All Ordinaries: -1.3%

---FX---

• USD/JPY: +0.6% to 159.69
• USD/CNH: +0.4% to 6.9030
• USD/INR: -0.1% to 93.12

• N-able (NABL) announced new additions to its Technology Alliance Program Zensec and Atomatik. The N-able Technology Alliance Program is a strategic initiative that brings together industry-leading technology companies to build deeper, more secure integrations across N-able's award-winning business resilience platform-enabling scalable collaboration and delivering greater flexibility and value for vendors and customers worldwide.
• Transocean (RIG) announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures represent approximately $1.0 billion in incremental firm contract backlog, as follows.
• Scorpio Tankers (STNG) announced that it has entered into a strategic collaboration with AMPERA to jointly develop and commercialize advanced micronuclear power solutions for marine, shipping and related maritime applications. This strategic collaboration agreement aims to address growing global demand for reliable, zero-carbon power solutions in maritime, offshore and port infrastructure markets.

• The study, known as MALBEC, is the first trial of a broader late-phase development program for MK-8748, with a second study in NVAMD scheduled to begin this year (NCT07496567). The decision to advance into pivotal studies is based on results from the Phase 1/2a RIOJA trial (NCT06664502), a two-part study evaluating MK-8748 in patients with either NVAMD, macular edema secondary to branch retinal vein occlusion (BRVO) or diabetic macular edema (DME).
• Merck is advancing an ophthalmology pipeline aimed at addressing certain retinal diseases associated with vascular leakage and neovascularization, including NVAMD, DME and macular edema secondary to retinal vein occlusion (RVO). In addition to MK-8748, the company is developing MK-3000 (also known as Restoret, EYE103), an investigational, potentially first-in-class tetravalent, tri-specific antibody that activates the Wingless-related integration site (Wnt) signaling pathway that is being studied in two fully enrolled, ongoing registrational Phase 2b/3 studies for the treatment of DME.

• Co announces the pricing of its offering of US$750 million aggregate principal amount of 8.500% Senior Secured Notes due 2031. The Offering is expected to close on or about Friday April 10, 2026, subject to customary conditions. All references to dollars ($) in this news release are in United States dollars.
• The Notes will be fully and unconditionally guaranteed by certain of the Company's subsidiaries relating to its Eskay Creek project and will be secured by a first priority lien on certain of the Company's and the guarantors' property, including equity interests, the Segregated Accounts (as defined below) and interests in the Eskay Creek project.
• Skeena intends to use approximately US$184 million of the proceeds from the Offering to fund the Stream Buy-Down; an estimated US$94 million to fund an interest reserve account which will contain the first three semi-annual interest payments due under the Notes; and the remaining proceeds to fund a disbursement account with funds to be used to advance the Eskay Creek project to pay certain fees and expenses; and to add cash to Skeena's balance sheet for, among other things, general corporate purposes.
• Pursuant to an agreement between Skeena and the stream purchasers under the Company's existing US$200 million gold stream, Skeena intends to buy down the Stream Agreement (as defined below) by making a lump-sum payment of approximately US$184 million to the Stream Purchasers in exchange for a reduction of the stream percentage deliverable from production at the Eskay Creek project to the Stream Purchasers by 66.67%.
• In connection with the Offering and the Stream Buy-Down, the Company entered into an amended stream agreement with Orion and certain of its affiliates to facilitate the Offering and related transactions. The amendments include, among other things, the termination of the availability of the stream cost over-run facility and amendments to certain liquidity and reporting covenants.
• In addition, the Company intends to cancel its existing US$350 million senior secured term loan and cost over-run facility under the Stream Agreement concurrently with the completion of the Offering and the Stream Buy-Down. The Term Loan and cost over-run facility are currently undrawn, and the Company does not expect to incur any fees in connection with the cancellations. Completion of the Term Loan and cost over-run facility cancellations and Stream Buy-Back are subject to the successful completion of the Offering and each other.

• Reports Q2 (Feb) earnings of $1.15 per share, $0.55 worse than the FactSet Consensus of $1.70; revenues fell 15.7% year/year to $157.7 mln vs the $171.39 mln FactSet Consensus.
• Outlook - Co sees mixed irrigation demand, infrastructure growth led by road safety products
  • Co expects U.S. irrigation demand to remain soft near-term amid trade uncertainty and weak commodity pricing, while Brazil is expected to return to growth despite credit and rate headwinds.
  • Co anticipates recognizing ~$70 mln in revenue this fiscal year from an ongoing MENA irrigation project.
  • Infrastructure segment outlook calls for growth in road safety products, supported by new product launches and positive customer feedback.
    
    
    

• Ms. Lee succeeds Marlo Cormier, who will be leaving the company, effective April 11, 2026, to pursue other opportunities.
• Ms. Lee brings significant relevant experience to the role, most recently serving as President and CFO at Bed Bath & Beyond (BBBY). Ms. Lee joined Bed Bath & Beyond as CFO in 2020 and became Chief Administrative Officer in 2024 and President in 2025.
• The Company is reaffirming its financial guidance for its second quarter and fiscal year 2026, previously provided on February 9, 2026
  • Prior Q2 guidance was $0.39-0.42 vs. $0.41 FactSet consensus; revs $895-905 mln vs. $900 mln FactSet consensus.
  • Prior FY26 guidance was $2.02-2.10 vs. $2.07 FactSet consensus; revs  $3.71-3.77 bln vs. $3.745 bln FactSet consensus.

• This approval is based on results from the Phase 3 KEYNOTE-B96 trial (also known as ENGOT-ov65), in which KEYTRUDA plus paclitaxel, with or without bevacizumab, demonstrated a statistically significant and clinically meaningful improvement in progression-free survival (PFS), the trial's primary endpoint, and overall survival (OS), a key secondary endpoint, for patients with platinum-resistant recurrent ovarian cancer whose tumors expressed PD-L1 (CPS =1) compared to placebo plus paclitaxel, with or without bevacizumab. The approval follows a positive recommendation from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP), received in February 2026.
• This approval authorizes marketing of this KEYTRUDA treatment regimen for this indication in all 27 EU member states, as well as Iceland, Liechtenstein and Norway. Timing for commercial availability of KEYTRUDA for this indication in individual EU countries will depend on multiple factors, including the completion of national reimbursement procedures.

• Gapping up:
  • PENG +10.2%, CNTB +5.9%, FC +5.5%, ACOG +3.2%, SFIX +2.7%, ANGO +2.1%, SGHT +1.6%, SPFI +1.2%
• Gapping down:
  • INO -16.7%, ANRO -10.3%, CVGI -8.5%, IMVT -8.1%, LUNR -6.9%, CLDX -5.6%, WPM -5.1%, APO -3.5%, ROIV -2.8%, CVBF -2.6%, KRMN -2.5%, BEAM -1.9%, KGS -1.9%, BA -1.6%, CWST -1.6%, KMTS -1.5%, UMH -1.4%, AZN -1.4%, RBRK -1%, ACA -0.9%, ROAD -0.9%

• Mr. Jones succeeds Kevin Johnson, who is leaving ESAB to pursue a CFO opportunity at a privately held company. Kevin will support ESAB in facilitating a smooth transition.
• Mr. Jones brings over three decades of experience to ESAB and has served as CFO for several public companies, including Pall Corporation and, most recently, Avantor.
• Despite recent geopolitical events, ESAB is confident it can achieve the low end of its core organic sales growth guidance and has multiple paths to attain the high end. The company also reaffirms its 2026 total core sales, aEBITDA and aEPS guidance ranges, which were previously announced on February 2, 2026.
  • Prior FY26 EPS guidance was $5.70-5.90 vs. $5.83 FactSet consensus.
    

• Through this multi-year agreement, CGI will deliver scalable, mission-critical solutions that address the most complex challenges facing the public sector.
• AWS and CGI each bring expertise, experience, innovation and a deep understanding of their customers' missions and operating environments to help U.S. public sector organizations: Accelerate trusted AI adoption across public sector missions, including analytics, fraud prevention and operational decision support; Strengthen Zero Trust cybersecurity architectures to improve protection of sensitive government systems and data against evolving threats; Unlock value from government data by improving interoperability, accessibility and advanced analytics across agencies; Improve citizen-focused digital services through innovative solutions that increase access, responsiveness and service delivery and Continue to modernize legacy government systems and data environments through secure, cloud-based platforms.

• The acquisition will allow Trimble to incorporate document intelligence and compliance automation across the Trimble Construction ecosystem, enhancing existing workflows in project management and construction ERP systems. Financial terms were not disclosed. Document Crunch will be reported as part of Trimble's AECO segment.
• The transaction is not expected to have a material impact on 2026 financial guidance. The transaction is expected to close in the second quarter of 2026.

• Co announced that it has raised approximately $5.4 billion of aggregate capital, including equity commitments and related transaction vehicles, to invest in value-add real estate opportunities across high-conviction markets in the U.S. and Europe. This follows the final closings of Ares US Real Estate Fund XI and Ares European Property Enhancement Partners IV, SCSp.
• US XI closed at its increased hard cap of $3.1 billion. Inclusive of related transaction vehicles and GP commitment, the U.S. value-add strategy raised approximately $3.5 billion of total capital. EPEP IV raised approximately $1.9 billion of total capital across equity commitments and related transaction vehicles.

• Co announced that its founder, chairman of the board of directors and chief executive officer, Mr. Yusheng Han, has purchased 31,487 of the Company's ADSs for US$546,603.90 from the open market, which was conducted in compliance with the applicable rules and regulations and the Company's insider trading policy.
• As of the date of this press release, combined with 41,246 ADSs purchased in the last post-earnings trading window, Mr. Han has purchased an aggregate of 72,733 of the Company's ADSs for US$1,358,325.18 across two consecutive post-earnings trading windows, indicating his confidence in the Company's business and prospect.

• Through Resolutions 00368 and 00369 dated March 31, 2026, the Hydrocarbons Directorate of the Ministry of Mines and Energy ordered the payment of the outstanding balance of the Fuel Price Stabilization Fund ("FEPC") for the first quarter of 2025, for a total amount of COP 1.6 trillion, of which COP 1.2 trillion is attributable to Ecopetrol S.A. and COP 0.4 trillion is attributable to Refinera de Cartagena S.A.S.
• Ecopetrol S.A., Refinera de Cartagena S.A.S., and the Government of the Republic of Colombia, represented by the Ministry of Finance and Public Credit, have entered into a payment agreement under which the Nation undertakes to pay the outstanding balance of the FEPC account corresponding to the first quarter of 2025. Under this agreement, the Nation acknowledges in favor of Ecopetrol S.A. and Refinera de Cartagena S.A.S. the cost associated with the time elapsed between the execution of the agreement and the payment scheduled for December 2026. Additionally, this agreement confirms the Nation's acknowledgment of its payment obligation and highlights the joint efforts of Ecopetrol and the Government.
• The Ecopetrol Group continues to work in close coordination with the Ministries of Finance and Public Credit and of Mines and Energy - the authorities responsible for fuel pricing policy - in the implementation of payment mechanisms and the reduction of FEPC balances.
  

• Considering that Petrocoque is the only supplier for the PE8 unit located in the Cubato region, a competitiveness analysis was conducted by comparing the commercial conditions agreed upon under this agreement with those of other steam supply agreements entered into by Braskem with different suppliers at its other units. Based on this analysis, it was concluded that the price established under the agreement is competitive and consistent with market conditions.
• Petrocoque is a company under the joint control of Petrleo Brasileiro S.A. -- Petrobras (which holds 50% of its share capital), a shareholder with significant influence over Braskem.

• Co announced that the British Columbia Securities Commission, the Company's principal regulator, has issued a temporary management cease trade order (the "MCTO") against the Company under National Policy 12-203 -- Management Cease Trade Orders ("NP 12-203"). The MCTO restricts trading in the Company's securities by the CEO and CFO, but does not restrict trading by other shareholders or investors.
• "On March 20, 2026, we announced that we had recently identified unauthorized access to certain internal systems and acted immediately to contain the incident, engaging cybersecurity experts and strengthening our safeguards," said Dan Sceli, Chief Executive Officer of Westport. "Importantly, our core operations remain unaffected, with no disruption to manufacturing or customer delivery. As we complete a thorough review to ensure the integrity of our financial reporting, we remain focused on transparency. Notwithstanding this incident, we continue to execute on our strategic priorities and build on the progress achieved over the past year."
• In advance of filing the Company's Annual Documents, Westport is working closely with its auditors to (i) assess and determine the scope of the cybersecurity incident with respect to the documents and data relevant to the Annual Documents; (ii) determine whether the Company's internal controls over financial reporting were deficient in connection with the incident; (iii) if so, determine whether such deficiency requires a change to the scope of the auditors' audit procedures in respect of the audited annual financial statements; and (iv) complete any additional required audit activity and any revisions to the Annual Documents, if required. Westport plans to file the required disclosure as promptly as possible.
• Westport will follow the alternative information guidelines under NP 12-203, and will provide bi-weekly status updates regarding the delayed filings by way of news release until the Annual Filings are filed.

• Reports Q3 EPS of ($0.07) vs ($0.11) FactSet consensus; revs of $78.4 mln vs $76.8 mln consensus
• FY26 Guidance
  • Co sees EPS of ($0.30)-($0.23) vs ($0.29) consensus; this is up from prior guidance of (0.33)-($0.23)
  • Co sees revs of $313.5-315.5 mln vs $312.9 mln consensus and up from prior guidance of $312-314 mln

• Sigma Lithium signs a US$100 Million bank guarantee ("Bank Collateral"), fully collateralized by its clients through a blend of corporate guarantees, letters of credit and export receivables to be mutually agreed.
• This is a key milestone for the Company to execute its growth plans in 2026 and finalize the construction of its second Greentech industrial plant to double its production capacity from 270,000t to 520,000t annually.
• The Bank Collateral enables Sigma Lithium to access development bank financing made available to the Company.
  Sigma Lithium is the engine of growth of Vale do Jequitinhonha, employing 13,000 people directly and indirectly, while benefitting an additional 21,000 people through its social inclusion programs.

• Co announced today that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its normal course issuer bid to purchase up to 15 million of its Common Shares
• This represents approximately 1.2 per cent of the 1,231,433,660 Common Shares issued and outstanding as of March 24, 2026. The Bank intends to terminate its existing normal course issuer bid on April 6, 2026 and to establish the New Bid.
• The Bank's Existing Bid commenced on May 30, 2025 and was scheduled to terminate on May 29, 2026, unless terminated earlier in accordance with its terms. As of April 1, 2026, the Bank has purchased all of the 20 million common shares under its Existing Bid on the TSX as well as alternative Canadian trading systems at an average price of $90.47 per common share for a total amount of $1,809 million. Pursuant to the TSX rules, the common shares purchased under the Existing Bid have been deducted in calculating the maximum number of shares that would be permitted for the New Bid, which is greater than the 15 million common shares that were approved.
  

• In connection with the sale, FBRT also provided financing to the buyer, immediately converting the asset into an income-generating investment.
• "This transaction underscores our ability to transform a non-performing asset into a performing one in a single step, with an immediate positive impact on earnings," said Michael Comparato, Chief Executive Officer of FBRT. "While we are not fully beyond the challenges associated with our 2021--2022 originations, we are closer than ever to that inflection point and encouraged by the progress we are making."

• Reports Q2 (Feb) earnings of $4.14 per share, excluding non-recurring items, $0.14 better than the FactSet Consensus of $4.00; revenues rose 4.9% year/year to $1.06 bln vs the $1.08 bln FactSet Consensus.

• Antin Infrastructure Partners announced today that it has acquired Sapphire Gas Solutions, a vertically integrated provider of compressed natural gas and liquified natural gas solutions, from funds managed by affiliates of Apollo (APO). The acquisition is being made by Antin's Flagship Fund V.
• Ethias SA and Guidewire (GWRE) have announced that Belgian insurer Ethias has gone live on Guidewire Cloud Platform, marking an important milestone in the modernisation of its core systems. By adopting Guidewire Cloud Platform, Ethias gains the proven durability of Guidewire core systems together with a scalable, secure, and continuously updated cloud operating model. This foundation will help Ethias increase business agility, support ongoing innovation, and adopt AI capabilities more efficiently and at scale over time.
• The UK Department for Science, Innovation and Technology announced Cognizant (CTSH) as a strategic industry partner to the Government's TechFirst programme, aimed at helping young people from all backgrounds find careers in technology as part of the UK AI Opportunities Action Plan. The initiative looks to provide tailored support for people at key stages in the tech ecosystem -- from young people beginning to explore the world of technology, to students and researchers studying critical tech subjects, to businesses looking for new talent.

• Vonage, a part of Ericsson (ERIC), has announced that Broot.ai, an India-based, AI-powered contact management and enrichment platform designed for B2B sales, marketing, and event professionals, is leveraging Vonage APIs to transform how sales and marketing teams connect with people worldwide. By integrating the Vonage Voice API and enabling local phone number provisioning, Broot.ai brings real-time, in-app calls directly to the enterprise.
• NASA's Space Launch System rocket, powered by the Boeing (BA) -built core stage, lifted off at 6:35 p.m. ET. Eight and a half minutes into flight, the core stage successfully completed its mission and separated from the upper stage of the rocket, enabling NASA's Orion spacecraft, Integrity, to carry humankind around the moon.
• IBM (IBM) announced a strategic collaboration with Arm (ARM) to develop new dual-architecture hardware that helps enterprises run future AI and data intensive workloads with greater flexibility, reliability, and security. Through this collaboration, IBM and Arm aim to extend this track record of innovation by combining IBM's enterprise leadership in systems reliability, security, and scalability with Arm's own leadership in power-efficient architecture, workload enablement expertise, and broad software ecosystem, to build flexible and scalable computing platforms for the future.
• Kyndryl (KD) launched its Agentic Service Management, which combines a maturity model, structured assessments and implementation blueprints to help enterprises transition from traditional service operations to autonomous, intelligent workflows at scale. Kyndryl's Agentic Service Management assesses alignment with emerging industry standards and governance frameworks for AI-native environments, allowing customers to adopt agentic IT service management with security and reliability as design principles.

• HII's (HII) Ingalls Shipbuilding division successfully launched future USS George M. Neal, marking a major construction milestone for the fourth Flight III Arleigh Burke-class destroyer to be built at the shipyard. In the weeks leading up to launch, shipbuilders completed key construction work, secured major components and performed inspections to ensure the ship was ready to enter the water. The ship was then translated from land into the dry dock, where teams conducted final checks before flooding the dock and allowing the destroyer to float for the first time.
• Four Corners Property Trust (FCPT) announced the acquisition of a Left Lane Auto property for $3.1 million. The property is newly constructed and located in a strong retail corridor in Alabama and is corporate operated under a long term, triple net lease with 15 years of term remaining. The transaction was priced at a 7.1% cap rate on rent as of the closing date and exclusive of transaction costs.
• L3Harris Technologies (LHX) has successfully powered the historic launch of the Artemis II mission, providing propulsion and avionics for the first crewed journey toward the moon in more than 50 years. L3Harris is supporting the Artemis II mission with more than 100 separate elements, including RS-25 engines for the Space Launch System core stage, the RL10 engine for the Interim Cryogenic Propulsion Stage and the Orion Main engine for the translunar injection burn.
• NASA's Orion spacecraft - built by Lockheed Martin (LMT) - launched on the Space Launch System rocket from Kennedy Space Center, Florida at 6:35 p.m. ET today, marking the start of NASA's historic Artemis II mission and a crewed return to the Moon. For this first crewed test flight of the Artemis program, Orion is carrying four crew members -- NASA astronauts Reid Wiseman, Victor Glover and Christina Koch, and Canadian Space Agency astronaut Jeremy Hansen. During the 10-day mission, the astronauts will complete two orbits around Earth before traveling nearly 5,000 miles beyond the far side of the Moon and almost 250,000 miles from Earth.

• Wheaton Precious Metals completed its previously announced silver stream agreement with BHP for the Antamina mine in Peru.
  • Under the deal, Wheaton will purchase 33.75% of payable silver until 100 million ounces are delivered, then 22.5% for the life of the mine.
  • The Company paid $4.3 bln upfront and will make ongoing payments equal to 20% of the spot silver price.

• Kodiak Gas Services (KGS) closed its acquisition of Distributed Power Solutions, rebranding the business as Kodiak Power Solutions.
  • The deal adds ~395 MW of generation capacity and expands Kodiak into distributed and behind-the-meter power markets.
  • Total consideration included $587 mln in cash plus ~2.4 mln shares of common stock.
  • The acquisition is expected to be immediately accretive and enhances long-term contracted cash flow stability.

• Wheaton Precious Metals entered a streaming agreement with KGL Resources for gold and silver production from the Jervois project in Australia.
• The deal includes total upfront consideration of $275 mln, with staged payments tied to development milestones.
• Wheaton will receive 75% of payable gold and silver initially, stepping down to 25% over the life of mine after delivery thresholds are met.
• The project is expected to begin production in 2H27, providing long-term exposure to gold and silver with additional upside from exploration potential.

• INOVIO Pharmaceuticals announced a proposed underwritten public offering of common stock along with Series A and Series B warrants.
• The company also plans to grant the underwriter a 30-day option to purchase up to an additional 15% of the offering.

• AstraZeneca announced Phase III EMERALD-3 results showing Imfinzi + Imjudo with lenvatinib and TACE significantly improved progression-free survival in unresectable liver cancer.
• The combination also showed a trend toward improved overall survival at interim analysis versus TACE alone.
• The regimen applies dual immunotherapy (STRIDE) earlier in treatment alongside standard embolization procedures.
• Safety profile was consistent with known data, with no new safety signals identified; discussions with regulators are underway.

• TotalEnergies and Masdar signed a binding agreement to create a $2.2 bln 50/50 joint venture focused on onshore renewables in Asia.
  • The JV will combine assets across nine countries and serve as the primary platform for solar, wind, and battery projects.
  • The portfolio includes 3 GW of operating capacity and 6 GW in advanced development targeted for completion by 2030.
  • The partnership aims to capitalize on rising electricity demand in Asia by scaling renewable energy deployment.

• Futures slide sharply after Trump's address offers no clear end to the Iran conflict, sending oil surging and reigniting concerns around energy supply and inflation. Markets remain on edge heading into a holiday-shortened close, with traders weighing escalating rhetoric against the absence of a defined path to de-escalation. The S&P Futures (Jun) are down about 78 points, trading around 6540. A brief pop heading into President Trump's speech was short-lived, with the market peaking at 6632.50. Sellers aggressively took over, sending futures through many key support levels before finally finding their footing at 6520.00. Spoos are currently trading near the bottom of the overnight range, despite a modest bounce off the low.
• Asian markets pulled back on Thursday, with Japan's Nikkei 225 falling 2.4% and the Topix down 1.6%, reversing prior gains after Trump's remarks dampened expectations for a near-term end to the Middle East conflict. Losses were led by heavyweight names including SoftBank Group (-4.3%), Tokyo Electron (-3.2%), and Mitsubishi UFJ Financial (-1.7%), reflecting broad-based weakness across sectors. China's Shanghai Composite declined 0.7%, while the Shenzhen Component falls 1.6%, pressured by geopolitical uncertainty and tighter liquidity conditions following the People's Bank of China's cash drain from the financial system. Tech and industrial names lead the downside, including Sungrow Power Supply (-5.4%), Zhongji Innolight (-3.3%), and Foxconn (-2.5%). Hong Kong's Hang Seng Index slipped 0.7%, giving back recent gains as sentiment weakened, with notable declines in Tencent (-2%), Xiaomi (-3.9%), and SMIC (-3.5%). Investors across the region remain cautious, balancing conflicting signals on diplomacy against the risk of further escalation and tightening financial conditions.
• European markets reverse course on Thursday, with sentiment deteriorating after Trump's address fails to outline a clear path to ending the Iran conflict, reigniting concerns over inflation and growth. The DAX 40 drops 1.8%, led lower by technology and industrial names, including Infineon (-4.8%), Siemens Energy (-4.2%), and Airbus (-2.6%), while Deutsche Bank and Commerzbank fall 3.5% and 2.3%, respectively. France's CAC 40 declines 1%, snapping a three-day winning streak, with financials under pressure, including BNP Paribas (-2.6%) and Socit Gnrale (-3%), while industrial names such as Schneider Electric (-3.6%) and STMicroelectronics (-3.4%) also weaken; TotalEnergies (+2.1%) stands out on higher oil prices. The FTSE 100 slips modestly, weighed down by sharp losses in mining stocks such as Fresnillo and Endeavour (-6%), alongside weakness in banks, though gains in Shell and BP provide partial support. Investors remain focused on rising energy prices, shifting rate expectations, and the risk of further escalation in the Middle East.

Market Updates

• S&P Futures vs Fair Value: -79.0
• 10 yr Note: 4.380%  -0.039
• USD/JPY:  159.68   +0.86
• EUR/USD: 1.1526  -0.0065
• Europe: FTSE: -0.2% DAX: -1.8% CAC: -1.0%
• Asia: Hang Seng: -0.7%  Shanghai: -0.7%  Nikkei: -2.4%
• Gold (4649.10 -164.00) Silver (71.405 -4.673) Crude (107.04 +6.92)

• The closing of the respective mergers of HTBK into CVBF and of HBC into CBB, which is presently expected to occur on April 17, 2026, remains subject to the satisfaction of customary closing conditions set forth in CVBF's and HTBK's merger agreement.

• During Q1, co converted 146 new homes from inventory to revenue generating rental homes. UMH now owns approximately 11,200 rental homes with an occupancy rate of 94.6%.
• Co achieved gross home sales revenue of $7.2 mln, up 8% yr/yr. 
• Total occupancy increased by 184 units during Q1 to 87.7%. Same property occupancy increased by 171 units and 412 units over the same period last year to 89%.
• Occupancy gains and rent increases achieved throughout 2025 and to date in 2026 have increased April 2026 rental and related charges by approximately 10% yr/yr.

• The share repurchase program was previously authorized by the Company's Board of Directors in January 2022, and enables the Company to repurchase up to $150 million of its Class A common stock.
• Between March 17, 2026 and April 1, 2026, the Company repurchased approximately 4.5 million shares of its Class A common stock for an aggregate purchase price of $15 million. Following these repurchases, approximately $105 million remains available under the existing share repurchase program.

• Co announces the acquisition of the real estate and operations of Arbor Rose Senior Living, an established senior living community located in Mesa, Arizona, which will now be known as Lavender Lane Senior Living.
• The Lavender Lane campus includes independent living, assisted living, and memory care services, with 74 licensed beds comprised of 44 assisted living beds and 30 memory care beds, in addition to 25 independent living units. The acquisition strengthens Pennant's Arizona senior living portfolio, reinforcing its presence in the East Valley market.

• Co announces the United States Patent and Trademark Office has issued U.S. Patent No. 12,589,099 on March 31, 2026. The patent, titled "ALPHA-1062 for treating Traumatic Brain Injury," includes claims covering methods of treating both confirmed and suspected traumatic brain injury (TBI) using ALPHA-1062.

• Co promotes Michael Giorgio, who has served since 2023 as EVP, Chief Information Officer, to EVP, Chief Information Officer and Chief Operating Officer.
• "Because his responsibilities now extend beyond traditional IT leadership and into technology-enabled operational execution, we are adding the title Chief Operating Officer, which appropriately reflects the broader scope."

• Co announces that it has been awarded Segment 4E North of the Highway 101 Carpinteria to Santa Barbara Construction Manager/General Contractor (CM/GC) project by Caltrans. Granite is the construction manager for the entire phase 4 project, and was previously awarded Segment 4E South in 2024. The contract award is approximately $114M.
• The project is planned to begin in April 2026 and is expected to conclude in December 2028.

• The acquisition enhances Patria's Global Private Market Solutions' ("GPMS") scale and capabilities in the U.S. middle-market primaries and co-investment private equity segment, broadening GP relationships and client reach.
• Pro-forma for the transaction, Patria's GPMS Fee Earning Assets under Management ("FEAUM") reaches more than $13.6 bn as of 4Q25, with nearly 40% of investments in U.S. assets.
• The acquisition enables GPMS to address its local and global clients' demand for U.S. exposure, complementing its already strong European expertise.

• In West Africa, the Prospector 5 has received a binding letter of award from BW Energy in Gabon. The commitment covers a firm scope of four wells, with a minimum duration of 320 days, and is expected to commence in Q3 2026, following completion of the rig's current contract and scheduled special periodic survey. The award includes options that may extend the work by an additional 220 days.
• In the Americas, the Ran has received a six-month extension with ENI in Mexico, keeping the rig committed through September 2026. The extension will encompass periods of drilling and accommodation activities, subject to the customer's operational requirements.
• In Europe, the Joro has received contract extensions from the current operator, totaling approximately two months and keeping the rig committed through May 2026.
• In Southeast Asia, the Thor has received a binding LOA from an undisclosed operator in Vietnam. The two-well campaign has an estimated duration of 100 days and will commence in July 2026, in direct continuation of its current commitment.

The S&P 500 (+0.7%), Nasdaq Composite (+1.2%), and DJIA (+0.5%) saw a meaningful extension of yesterday's rally as the potential for a ceasefire between the U.S. and Iran culminated in another session of broad gains. The DJIA traded above its 200-day moving average (46,698) but failed to close above the key technical level.

Equity futures signaled a higher opening following a Bloomberg report that President Trump told aides that the U.S. will withdraw from the conflict in two to three weeks, even if a deal has not been struck. However, that report was followed by a Truth Social post in which the president threatened continued bombing of Iran's infrastructure if the Strait of Hormuz is not opened.

Today's session progressed in a similar fashion in the sense that it remains unclear exactly where negotiations stand, or how close an off-ramp to the conflict truly is. Reuters reported that Iran denied requesting a ceasefire, while an Israeli report that negotiations are "not progressing in a positive way" saw the major averages give back a considerable chunk of their early gains during the early afternoon hours.

The market now awaits an address from President Trump tonight at 9:00 p.m. ET, in which Politico reported the president will likely announce a victory over Iran and state intentions to wind down military operations, while pressuring NATO allies to help reopen the Strait of Hormuz.

While the Iran situation continues to drive volatility, stocks steadily climbed from their intraday lows to end the session firmly higher. Oil retreated again today, which added support. Crude oil futures settled today's session $1.01 lower (-1.0%) at $100.14 per barrel, and continued to move lower after the session close.

Unsurprisingly, the energy sector (-3.9%) faced a sharp retreat, with all of its components trading lower.

The consumer staples sector (-0.6%) also finished lower as investors rotated into more growth-oriented holdings, while mixed strength in the financials sector saw it chart a flat finish.

Meanwhile, the broader market finished higher as the other S&P 500 sectors covered enough ground to weather the intraday slide. Mega-cap stocks were a point of strength again today, sending the Vanguard Mega Cap Growth ETF 1.2% higher.

That helped the communication services sector (+1.6%) finish near the top of the leaderboard again as Alphabet (GOOG 294.90, +8.04, +2.80%) and Meta Platforms (META 579.23, +7.10, +1.24%) continue to rebound from pronounced weakness after a jury found the companies liable in a social-media addiction case last week.

The information technology sector (+1.1%) was another top-mover, with sustained strength across semiconductor names outweighing weakness across software stocks that saw Microsoft (MSFT 369.37, -0.80, -0.22%) finish as the only "magnificent seven" name that failed to chart a gain.

The PHLX Semiconductor Index finished 2.8% higher, with memory storage names such as Western Digital (WDC 297.73, +27.24, +10.07%) and Micron (MU 367.85, +30.01, +8.88%) among the top-performing S&P 500 components.

Meanwhile, NIKE (NKE 44.63, -8.19, -15.51%) was the index's worst performer after topping earnings estimates, but weak guidance and admission that the company's turnaround efforts are taking longer than expected kept investors from buying the dip. Nike's underperformance did little to weigh down the consumer discretionary sector (+0.9%), which was supported by relatively broad strength and solid mega-cap leadership of its own.

In other corporate news, Eli Lilly (LLY 954.28, +34.51, +3.75%) made a sharp move higher after confirming the FDA approved its new weight-loss drug Foundayo.

Altogether, the stock market started the second quarter on a higher note, especially given the sharp losses that were realized in March. Today's strength was largely driven by geopolitical optimism, though the U.S. and Iran still appear to be far apart on negotiations. Attention now turns to President Trump's address tonight for further clarity on the path forward for U.S. involvement in the conflict and any potential timeline for de-escalation.

As a reminder, tomorrow will be the final session of the week, as the stock market will be closed on Friday for the Good Friday holiday.

U.S. Treasuries endured some volatility to begin April, though the movement unfolded inside a narrow range, leaving the market with slim losses after three days of gains in most tenors. The 2-year note yield finished unchanged at 3.80%, and the 10-year note yield settled up one basis point to 4.32%. 

• S&P Mid Cap 400: +3.0% YTD
• Russell 2000: +1.2% YTD
• DJIA: -3.1% YTD
• S&P 500: -4.0% YTD
• Nasdaq Composite: -6.0% YTD

 Reviewing today's data:

• Weekly MBA Mortgage Applications Index -10.4%; Prior -10.5%
• March ADP Employment Change 62K (Briefing.com consensus 42K); Prior was revised to 66K from 63K
• February Retail Sales 0.6% (Briefing.com consensus 0.5%); Prior was revised to -0.1% from -0.2%, February Retail Sales, ex-auto 0.5% (Briefing.com consensus 0.3%); Prior 0.0%
  • The key takeaway from the report is that it revealed solid spending activity across most kinds of retail businesses. The strength of the report is apt to be diluted, however, by the recognition that it preceded the hefty increase in gasoline prices and the sharp decline in stock prices in March that are expected to keep discretionary spending in check.
• March S&P Global U.S. Manufacturing PMI - Final 52.3; Prior 52.4
• March ISM Manufacturing Index 52.7% (Briefing.com consensus 52.3%); Prior 52.4%
  • The key takeaway from the report is that it conveys an ongoing expansion in manufacturing activity coupled with an ongoing increase in prices for raw materials that works against the notion of the Fed cutting rates soon.
• January Business Inventories -0.1%; Prior was revised to 0.0% from 0.1%

• Co announces that it has acquired Four Star Paving, a premier commercial paving contractor operating throughout the Nashville, Tennessee metro area. For more than 20 years, Four Star has been recognized as a leading provider of asphalt paving and related construction services in middle Tennessee, serving a variety of municipal, industrial, and commercial customers.

• The mergers became effective on April 1, 2026. As of December 31, 2025, BOH had total assets of $744 million, total loans of $624 million, and total deposits of $603 million.

• The company intends to use the net after-tax proceeds to invest in the expansion of its core growth platforms and reduce outstanding debt.
• As a result of the completion of the barge sale, the Company will update its full year 2026 revenue guidance and Adjusted EBITDA guidance in conjunction with its first quarter 2026 earnings. As previously disclosed, the Company's 2026 guidance included full year revenues of $410 mln to $430 mln and full year Adjusted EBITDA of $70 mln to $75 mln from the inland barge business. First quarter results for the divested business will be reported as discontinued operations and segment reporting for Transportation Products will be eliminated.

• Gilead Sciences extends the expiration of the tender offer to purchase all outstanding shares of Arcellx (ACLX). The offer remains at a purchase price of $115 per share plus one contractual contingent value right (CVR).
• The tender offer, which was previously scheduled to expire at one minute after 11:59 p.m., Eastern Time, on April 2, 2026, has been extended to expire at 5:00 p.m., Eastern Time, on April 24, 2026. The transaction is anticipated to close during Q2.

• Co announces that CFO Andy Cheung will be resigning from his position effective April 15, 2026 to accept a position as CFO of a mid-cap publicly traded company.
• Angie O'Leary, currently Corporate Controller and Chief Accounting Officer, has been promoted to Interim CFO and will continue to also serve as the Corporate Controller and Chief Accounting Officer.
• At this time, co does not intend to initiate a search process to identify a permanent CFO replacement.
• Co reaffirms guidance for FY26 (Dec), sees FY26 (Dec) revs of $660-700 mln vs. $667.10 mln FactSet Consensus.

• Reports Q2 (Feb) earnings of $0.52 per share, excluding non-recurring items, $0.10 better than the FactSet Consensus of $0.42; revenues fell 6.2% year/year to $343 mln vs the $339 mln FactSet Consensus.
• Co issues guidance for FY26, sees EPS of $2.00-2.30, excluding non-recurring items, vs. $2.04 FactSet Consensus and vs. prior guidance of $2.00 +/- $0.25; sees FY26 revenue growth of +12% yr/yr +/- 5%, which we compute as $1.46-1.60 bln vs. $1.46 bln FactSet Consensus and vs. prior guidance of 6% yr/yr growth +/- 10%.
• "Our AI/HPC pipeline continues to expand, and we added five AI/HPC customers this quarter, including a Tier One financial institution deploying our MemoryAI CXL-based KV cache server. Memory is a critical scaling factor for AI inference, and that aligns with one of our core strengths. Reflecting strong memory demand and disciplined execution, we are raising our full-year net sales and EPS outlook."

• Co completes previously announced acquisition of the mobile division of RealNetworks. This acquisition is expected to augment TransUnion's communications solutions capabilities with advanced telecom technology that uses AI to reduce fraud and enhance customer engagement via real-time text, multi-media messages and phone calls analysis.
• The terms of the transaction have not been disclosed. The transaction was funded with existing cash-on-hand and is not expected to have a material impact on leverage, liquidity or TransUnion's 2026 operating results.

• The transaction closed on April 1, 2026, and is expected to generate approximately $100 million of annualized revenue. The acquisition was funded through cash on hand and available capacity under the Company's revolving credit facility.
• "With the acquisition of Star Waste, we have acquired four businesses year-to-date, with total annualized revenues of approximately $150 million. This is a strong start to 2026, and positions us well for continued growth and strategic execution."