News
Important Only
Fundrise Innovation Fund plunges after Citron Research discloses short position
Shares of Fundrise Innovation Fund VCX.N, a public venture fund whose top holdings include several private tech companies, fall 32.1% to $258Citron Research discloses short position in VCXCitron states that co's sponsor, Fundrise Advisors LLC, was fined by U.S. securities regulator for paying fi...Reuters
Thu, Mar 26
LIVE MARKETS-Jobless claims: Low-hire, low-fire mode?
Main US indexes red; Nasdaq off most, down ~1%Comm Svcs weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index down ~0.7%Dollar edges up; US crude rallies ~4%; gold off ~1%; bitcoin down >2%US 10-Year Treasury yield rises to ~4.37%Welcome to the home for real-time coverage of market...Reuters
Thu, Mar 26
Equitable, Corebridge set to merge, create $22 billion US insurance giant
By Prakhar Srivastava and Arasu Kannagi BasilMarch 26 (Reuters) - U.S. insurers Equitable EQH.N and Corebridge Financial CRBG.N said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company. The combined company will ha...Reuters
Thu, Mar 26
J.P. Morgan cuts Scotts Miracle-Gro rating over rising material costs
Shares of garden care chemical maker Scotts Miracle-Gro SMG.N fall 4% to $64.97 J.P. Morgan downgrades stock to "neutral" from "overweight" rating, citing higher prices due to ongoing conflict in Iran Brokerage says co is likely to face higher raw material costs in FY2027 (year endin...Reuters
Thu, Mar 26
Olaplex jumps on Henkel's $1.4 billion buyout
Shares of haircare brand Olaplex OLPX.O rise as much as 51.13% to $2.01Stock set for best day on record if gains holdCo agrees to be acquired by Germany's consumer goods maker Henkel HNKG.DE in a deal valued at $1.4 billion"We are encouraged by OLPX’s 2026 priorities and impressed by the pro...Reuters
Thu, Mar 26
Kodiak Sciences jumps after eye drug meets main goal in late-stage study
Shares of drug developer Kodiak Sciences KOD.O surges 57.23% to $35.77*Stock set for biggest daily percentage rise in six months, if gains hold Co says its experimental drug, Zenkuda, met the main goal in a late-stage study in patients with diabetic retinopathy, a diabetes-related eye diseaseIn the ...Reuters
Thu, Mar 26
U.S. Democratic Senators Merkley, Warren take aim at prediction markets
WASHINGTON, March 26 (Reuters) - Top U.S. Democratic Senators Jeff Merkley and Elizabeth Warren on Thursday introduced a bill to ban prediction market bets on elections, sports, government and military actions, further increasing pressure on the fast-growing markets.The bill is one of several comp...Reuters
Thu, Mar 26
LIVE MARKETS-Wall Street on the defensive again as cautious tone persists
S&P 500, Nasdsaq decline, Dow modestly greenComm Svcs weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index down ~0.6%Dollar edges up; US crude rallies >2%; gold dips; bitcoin down >1%US 10-Year Treasury yield rises to ~4.36%Welcome to the home for real-time coverage of mark...Reuters
Thu, Mar 26
ImmunityBio says bladder cancer therapy on track for filing, shares rise
Shares of drug developer ImmunityBio IBRX.O rise 2.11% to $8.24Co says trial for its first-line non-muscle invasive bladder cancer treatment remains on track for final analysis and a supplemental U.S. marketing application in late 2026 Co says an independent monitoring committee found the late-stage...Reuters
Thu, Mar 26
Liberty Energy edges up as convertible bond deal increased to $475 mln
Oilfield services firm Liberty Energy LBRT.N shares up 0.6% at $28.96 on Thurs after above-planned raiseDenver, Colorado-based LBRT early Thurs announced pricing private offering of $475 mln 0% 6-yr convertible bonds (CBs)Offering size hiked from $450 mln; initial conversion price of $37.44 is 30% p...Reuters
Thu, Mar 26
Meta, Alphabet shares fall after US jury verdicts on social media harm
Facebook-parent Meta Platforms' META.O shares hit over 10-month low, down 3.1% at $576.23A Los Angeles jury on Wednesday found Meta and Alphabet's GOOGL.O Google liable for a young woman's depression and suicidal thoughts after she said she became addicted to the companies' platforms...Reuters
Thu, Mar 26
Kodiak Sciences shares soar after eye drug succeeds in late-stage study
By Siddhi MahatoleMarch 26 (Reuters) - Shares of Kodiak Sciences KOD.O surged 68.6% to their highest in more than four years on Thursday after the drug developer's experimental drug met the main goal in a late-stage study in patients with diabetes-related eye damage. Kodiak, valued at $1.39 bill...Reuters
Thu, Mar 26
US STOCKS-Wall Street slides on Mideast de-escalation uncertainty
Indexes down: Dow 0.54%, S&P 500 0.86%, Nasdaq 1.20%Jefferies dips after posting Q1 profit below estimatesOECD warns Iran war erases global growth upgradeWeekly jobless claims in line with estimates By Purvi Agarwal and Twesha Dikshit March 26 (Reuters) - Wall Street's main indexes dr...Reuters
Thu, Mar 26
Newborn Town Inc. (SEHK: 9911) Delivered Strong Growth in 2025: Total Revenue Achieved Nearly RMB 7 Billion, Up Over 35% YoY
[Hong Kong –26March2026]Newborn Town Inc. (Newborn Town or the company, together with the subsidiaries as the ‘Group’, stock code: 09911.HK),a leading global social entertainment company, releasedits annual results for 2025.For the year ended December 31, 2025, Newborn Town reported a total revenue of RMB6,889million,marking a 35.3%year-on-yearincrease.Net profit for theyearreached RMB 964 million, up 22.3% year-on-year. Net profit attributable to owners amounted to RMB935million, surgingby 94.6% year-on-year, while adjusted EBITDA totaled at RMB 1,215million, demonstrating a year-on-year increase of 26.1%.By business segment, the social networking business remained the primary revenue driver. Flagship product TopTop continued to deliver strong growth, while MICO and YoHo provided stable contributions to both revenue and profit. The innovative business segment recorded a year-over-year surge of 59.3% in revenue, with quality games and social e-commerce maintaining solid and rapid growth, while the short drama business began to gain traction.By market, the MENA region continued to demonstrate strong commercial momentum. Meanwhile, the Group accelerated its expansion into non-MENA markets, making encouraging progress in regions such as Latin America and Japan.Deepening Competitive Moat in Social Networking Business, While Innovative Business Gained Strong MomentumIn 2025, the Group’s social networking business sustained strong growth, with revenue reached RMB 6,142 million, representing a year-on-year increase of 32.9%. In particular, the game-oriented socialnetworkingplatform TopTop delivered exceptional results, with profit growth exceeding 100%. Revenue for TopTopgrew by over 70%year-on-year.Meanwhile, the live-streaming social platform MICO and the voice-based social platform YoHo continued to reinforce their leadership in their respective segments, contributing stable revenue and profit.Leveraging its strong UGC-driven ecosystem, TopTop was steadily evolved into a household name in key MENA markets such as Saudi Arabia, and was named “Best Social Game Platform” at the Sensor Tower APAC Awards. According to Sensor Tower, TopTop ranked 5th in the Middle East social networking app revenue rankings in 2025.As the Group’s first social networking product, MICO has consistently maintained a leading position in the live-streaming social segment across markets such as the MENA region and Southeast Asia. The voice-based social platform YoHo also remained firmly positioned within the top tier of the MENA voice-based social market. According to DianDian data, YoHo ranked among the Top 10 grossing social apps on Google Play multiple times in markets including Saudi Arabia, Oman, and the UAE in 2025.Meanwhile, the Group’s diverse-audience social networking business continued to deliver steady progress. HeeSay, the flagship product of this business segment, further strengthened its presence in Southeast Asia, consistently ranking among the Top 10 grossing social apps on the App Store in markets such as Thailand and Vietnam.During the year, the Group’s innovative business recorded revenue of RMB 747 million, representing a year-on-year increase of 59.3%, working alongside the social networking business to drive steady overall growth. The Group’s flagship games have entered long-term operation stages, while the development and pipeline of new game titles are progressing steadily. The social e-commerce platform Heer Health continued its steady and rapid growth, further strengthened its presence in the fields of HIV prevention and sexual health services. Meanwhile, the Group’s short drama business, which it has been actively investing in, has begun to gain early traction.Accelerating Global Expansion with Solid Progress in Non-MENA MarketsIn 2025, Newborn Town significantly accelerated its global expansion. During the year, the Group continued to strengthen its competitive advantages in key markets such as the MENA region and Southeast Asia. In 2025, the Group’s core products recorded year-on-year growth of nearly 50% in business scale in the MENA region. Meanwhile, the Group also made solid progress in new markets including Latin America, East Asia, and Europe, further expanding its global footprint.In East Asia, TopTop successfully entered the high-barrier Japanese market, leveraging its differentiated positioning and refined localization strategy, and has begun to generate early monetization results. According to DianDian data, TopTop ranked 6th on the App Store free games chart in Japan in November 2025.Newborn Town continued to advance its expansion in markets such as Europe, steadily broadening its global presence. In high-value markets including Japan, South Korea, and North America, the Group is actively refining its product offerings, deepening market understanding, and exploring further potential in both user scale and monetization.In June 2025, Newborn Town officially established its global headquarters in Hong Kong, marking a new milestone in the Group’s globalization strategy. Looking ahead, the Hong Kong headquarters will serve as a coordination hub, working closely with the Group's global R&D and operations centers to support continued overseas expansion. AI Accelerated Deployment as a Full-Stack Capability “Multiplier”In 2025, Newborn Town accelerated the deployment of AI across its business, deeply embedding AI into core functions such as R&D and operations to enhance overall efficiency. Meanwhile, the Group’s AI product Aippy entered the consumer-facing AI application space, rapidly building a growing active user base since its launch.During the year, the Group continued to strengthen its core technology capabilities, further expanding the application of AI across its business processes. Its self-developed multimodal algorithm model, Boomiix, continuing to undergo iterative upgrades, improving the accuracy of social matching and advancing the intelligence of operations. Newborn Town also launched Siyu AI, an internal data intelligence platform, significantly shortened turnaround times for data queries, anomaly analysis, and report generation. Its proprietary AI-powered design platform KIVI continued to evolve, enhancing both production efficiency and content richness across key creative functions including the design of virtual gifts, campaign pages, and marketing assets, while materially shortening campaign and gifting operation cycles.During the year, the Group launched Aippy, an AI-powered community for games, exploring new ways to deliver emotional value through AI-generated content. Since launch, Aippy has received positive user feedback, achieving an App Store rating of over 4.8. Building on this momentum, the Group has also continued to ramp up recruitment of top AI talent, further strengthening its technology foundation and positioning AI as a full-stack capability multiplier across local operations, scalable growth, product innovation, and compliance enhancement.As AI became increasingly integrated with its social networking business, Newborn Town will continue to deepen its technological capabilities. By leveraging its strengths in agile product innovation, localized operations, and efficient user acquisition, the Group remains well-positioned to further expand in the global social entertainment market and createpositive emotional value to users worldwide.About Newborn TownNewborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911.Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company.For enquiries, please contactDLK Advisory pr@dlkadvisory.com26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Mar 26
BMO lifts travel tech firm Navan's PT; shares rise
Shares of corporate travel booking agency Navan NAVN.O rise nearly 30% to $11.8 in morning tradingBMO raises NAVN's price target to $15 from $13, reiterates "outperform" ratingNew PT represents 63.9% upside to stock's last closeCo on Wednesday forecast 2027 revenue above Wall Street ...Reuters
Thu, Mar 26
Deals of the day-Mergers and acquisitions
March 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: Totalis Program Underwriters has acquired ShoreOne Insurance Managers, the company said, adding a coastal homeowners-focused MGA that offers a bundled product incorporating flood c...Reuters
Thu, Mar 26
Chip, Storage Shares Sink. SOXL Down Nearly 6%; Lam Research, SanDisk Down over 5%; Micron, ASML, Intel Down over 3%
Chip, storage shares slid on Thursday. SOXL down nearly 6%; Lam Research, SanDisk down over 5%; Applied Materials down 4%; Navitas, Micron, ASML, Intel down over 3%.Tiger News
Thu, Mar 26
Stocks and bonds skid as Iran crisis reignites oil price surge
Investors wary as Iran reviews US proposalStocks and gold slip while oil advancesMarkets worried about energy price shocksBy Marc Jones and Ankur Banerjee LONDON/SINGAPORE, March 26 (Reuters) - Stock and bond markets fell on Thursday as oil surged more than 5%, with Iran's denial of any t...Reuters
Thu, Mar 26
