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UK's Starmer faces biggest challenge yet as resignation threat overshadows King's Speech
The Times reports Streeting is preparing to resignIf true, his move could trigger a leadership contestReport overshadows State Opening of ParliamentKing Charles read out government's prioritiesStarmer is resisting calls to quit after local election lossesBy Elizabeth Piper, Andrew MacAskill and ...Reuters
4 hours ago
Local Bounti Q1 revenue rises, net loss narrows on cost reduction initiatives
OverviewU.S. indoor farming firm's preliminary Q1 revenue rose 15% yr/yr on higher productionNet loss and adjusted EBITDA loss improved from prior year, reflecting cost reductions and efficiency gainsCompany received $15 mln investment from existing strategic investor during the quarterOutlookLo...Reuters
4 hours ago
Vishay Intertechnology Q1 revenue rises, returns to profit
OverviewU.S. semiconductor and components maker's fiscal Q1 revenue rose yr/yr and sequentiallyGAAP EPS for fiscal Q1 was $0.05, up from a loss a year agoCompany cites capacity investments in high-growth, high-margin products as driving resultsOutlookVishay expects Q2 2026 revenue between $875 m...Reuters
4 hours ago
Canada's Milestone Pharmaceuticals Q1 revenue misses estimates after CARDAMYST launch
OverviewCanada-U.S. biopharma firm's Q1 revenue missed analyst expectations after CARDAMYST launchNet loss widened to $26.1 mln, reflecting higher commercial expenses for product launchCompany ended Q1 with $184.2 mln in cash, providing runway into H2 2027OutlookCompany expects cash and investme...Reuters
4 hours ago
Tower Semiconductor Signs Customer Contracts For $1.3 Billion Silicon Photonics Revenue For 2027
Tower Semiconductor Ltd TSEM.TA:TOWER SEMICONDUCTOR SIGNS CUSTOMER CONTRACTS FOR $1.3 BILLION SILICON PHOTONICS REVENUE FOR 2027TOWER SEMICONDUCTOR LTD - RECEIVES $290 MILLION IN CUSTOMER PREPAYMENTS FOR CAPACITY RESERVATIONTOWER SEMICONDUCTOR LTD - TARGETS $2.8 BILLION REVENUE AND $750 MILLION NET ...Reuters
4 hours ago
Israel satellite networking firm Gilat's Q1 revenue rises less than expected
OverviewIsrael satellite networking firm's Q1 revenue rose 20% yr/yr but missed analyst expectationsQ1 net income turned positive from a loss in prior yearCompany reiterated 2026 guidance citing strong demand in defense and commercial marketsOutlookGilat expects 2026 revenue between $500 mln and...Reuters
4 hours ago
Avalo Therapeutics Q1 net loss widens on increased R&D spend
OverviewUS biotech firm's Q1 net loss missed analyst expectationsQ1 pretax profit missed analyst estimates, driven by higher R&D and admin expensesCompany completed $431.3 mln equity offering, boosting cash positionOutlookAvalo plans to advance abdakibart into a registrational phase 3 progra...Reuters
4 hours ago
Dominari Holdings Q1 revenue jumps 395%
OverviewUS financial services firm's Q1 revenue rose 395% yr/yr, driven by underwriting servicesCompany posted higher net loss due to one-time expenses and realized loss on investment saleCompany declared $9 mln dividend to be paid May 29, 2026Result DriversUNDERWRITING REVENUE - Q1 revenue grow...Reuters
4 hours ago
Nebius Group Continues To Expect 800MW-1GW Of Connected Power By Year-End
May 13 (Reuters) - Nebius Group NV NBIS.O:NEBIUS GROUP Q1 EPS $2.11NEBIUS GROUP Q1 REVENUE $399.0 MILLION VERSUS IBES ESTIMATE $371.4 MILLIONNEBIUS GROUP: ON TRACK TO ACHIEVE $3.0 BILLION-$3.4 BILLION REVENUE, $7 BILLION-$9 BILLION ARR IN 2026NEBIUS GROUP: RAISING CONTRACTED POWER GUIDANCE TO OVER 4...Reuters
4 hours ago
Beasley Broadcast Q1 revenue falls 13% as ad market weakens
OverviewU.S. radio station operator's Q1 revenue fell 13% yr/yr amid weak agency advertising marketCompany swung to net profit from prior-year loss, aided by Fort Myers station saleAdjusted EBITDA turned negative in Q1, while digital revenue was flat yr/yrOutlookCompany says macroeconomic condit...Reuters
4 hours ago
Canada's Tiny Q1 revenue rises on serato acquisition
OverviewCanada holding company reported Q1 revenue up 7% yr/yr to C$51.5 mlnAdjusted EBITDA for Q1 fell 5% yr/yr, mainly due to divestiture and strong prior-year quarterCompany appointed Austin Singhera as CEO, with increased executive chairman involvementOutlookTiny plans to implement AI-driven eff...Reuters
4 hours ago
Upstream Bio Q1 net loss widens on higher R&D costs
OverviewU.S. biotech reported Q1 collaboration revenue rose yr/yr as clinical programs advancedNet loss widened yr/yr, driven by higher R&D and personnel expensesCompany expects cash and investments to fund operations through 2027Result DriversR&D SPENDING - Higher research and development e...Reuters
4 hours ago
Israel's Similarweb Q1 revenue beats, helped by AI-related demand
OverviewIsrael digital analytics firm's Q1 revenue rose 10% yr/yr, beating analyst expectationsCompany posted non-GAAP operating profit after prior-year loss; multi-year subscriptions rose to 64% of ARRRaised lower end of 2026 revenue and profit guidance; normalized free cash flow positive for t...Reuters
4 hours ago
Canada's Hydro One Q1 profit rises on OEB-approved rates
OverviewCanada electricity utility's Q1 revenue and net income rose yr/yrQ1 basic EPS rose to C$0.65 from C$0.60 a year earlierCompany names Megan Telford as next CEO, succeeding David Lebeter in JuneOutlookCompany did not provide specific financial guidance for the current or future periodsResu...Reuters
4 hours ago
PDS Biotechnology Q1 net loss narrows
OverviewU.S. immunotherapy developer's Q1 net loss narrows yr/yr, adjusted EPS loss improvesOperating expenses fell, mainly due to lower clinical and manufacturing costsOutlookCompany did not provide specific financial or operational guidance for the current period in press releaseResult Drivers...Reuters
4 hours ago
Novo Nordisk Canada And Rexall Pharmacy Partner To Offer Convenience, Support, And Home Delivery For Canadians Taking Ozempic And Wegovy
May 13 (Reuters) - Novo Nordisk A/S NOVOb.CO:NOVO NORDISK CANADA AND REXALL PHARMACY PARTNER TO OFFER CONVENIENCE, SUPPORT, AND HOME DELIVERY FOR CANADIANS TAKING OZEMPIC® AND WEGOVY®NOVO NORDISK CANADA:PARTNERS TO DELIVER OZEMPIC® AND WEGOVY® PRESCRIPTIONS TO CANADIANS’ DOORS AT IN-STORE PHARMACY P...Reuters
4 hours ago
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