Category: 3. Business

  • Booking Holdings beats results estimates on steady travel demand, shares up

    Booking Holdings beats results estimates on steady travel demand, shares up

    (Reuters) -Online travel agent Booking Holdings beat Wall Street estimates for third-quarter revenue and profit on Tuesday, helped by more customers bundling their reservations on its platform and steady travel demand.

    Shares of the company rose nearly 5% in after-hours trading.

    “While there remains some uncertainty in the macroeconomic and geopolitical backdrop, we are pleased to see continued momentum with steady travel demand trends in our business so far in the fourth quarter,” the company said in a statement.

    Gross bookings for the third quarter came in at $49.7 billion, up 14% from last year.

    The Norwalk, Connecticut-based company reported a quarterly adjusted profit of $99.50 per share, compared with analysts’ estimates of $95.66 per share, according to data compiled by LSEG.

    Total revenue for the quarter ended September 30 was $9.01 billion, also above expectations of $8.72 billion.

    (Reporting by Aishwarya Jain and Utkarsh Shetti in Bengaluru; Editing by Alan Barona)

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  • Nvidia CEO Praises Trump in MAGA-Themed Speech Ahead of Trade Talks – The Wall Street Journal

    1. Nvidia CEO Praises Trump in MAGA-Themed Speech Ahead of Trade Talks  The Wall Street Journal
    2. Trump says he will meet Nvidia CEO on Wednesday  Reuters
    3. Nvidia stock nears $200 ahead of Trump’s meeting with Jensen Huang  Finbold
    4. AI tokens surge violently after Trump calls Nvidia CEO ‘amazing’  TheStreet
    5. Nvidia CEO turns tech conference into celebration of Trump  Politico

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  • Seagate forecasts second-quarter results above estimates on AI strength – Reuters

    1. Seagate forecasts second-quarter results above estimates on AI strength  Reuters
    2. Seagate Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call  Benzinga
    3. Live: Will Seagate (STX) Pop After Q1 Earnings?  24/7 Wall St.
    4. PREVIEW: Seagate falls ahead of qtrly results  TradingView
    5. Seagate: Fiscal Q1 Earnings Snapshot  News-Times

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  • New method could improve manufacturing of gene-therapy drugs | MIT News

    New method could improve manufacturing of gene-therapy drugs | MIT News

    Some of the most expensive drugs currently in use are gene therapies to treat specific diseases, and their high cost limits their availability for those who need them. Part of the reason for the cost is that the manufacturing process yields as much as 90 percent non-active material, and separating out these useless parts is slow, leads to significant losses, and is not well adapted to large-scale production. Separation accounts for almost 70 percent of the total gene therapy manufacturing cost. But now, researchers at MIT’s Department of Chemical Engineering and Center for Biomedical Innovation have found a way to greatly improve that separation process.

    The findings are described in the journal ACS Nano, in a paper by MIT Research Scientist Vivekananda Bal, Edward R. Gilliland Professor Richard Braatz, and five others.

    “Since 2017, there have been around 10,000 clinical trials of gene therapy drugs,” Bal says. Of those, about 60 percent are based on adeno-associated virus, which is used as a carrier for the modified gene or genes. These viruses consist of a sort of shell structure, known as capsids, that protects the genetic material within, but the production systems used to manufacture these drugs tend to produce large quantities of empty capsids with no genetic material inside.

    These empty capsids, which can make up anywhere from half to 90 percent of the yield, are useless therapeutically, and in fact can be counterproductive because they can add to any immune reaction in the patient without providing any benefit. They must be removed prior to the formulation as a part of the manufacturing process. The existing purification processes are not scalable and involve multiple stages, have long processing times, and incur high product losses and high cost. 

    Separating full from empty capsids is complicated by the fact that in almost every way, they appear nearly identical. “They both have similar structure, the same protein sequences,” Bal says. “They also have similar molecular weight, and similar density.” Given the similarity, it’s extremely challenging to separate them. “How do you come up with a method?”

    Most systems presently use a method based on chromatography, in which the mixture passes through a column of absorbent material, and slight differences in the properties can cause them to pass through at different rates, so that they can be separated out. Because the differences are so slight, the process requires multiple rounds of processing, in addition to filtration steps, adding to the time and cost. The method is also inefficient, wasting up to 30 or 40 percent of the product, Bal says. And the resulting product is still only about two-thirds pure, with a third of inactive material remaining.

    There is another purification method that is widely used in the small molecule pharmaceutical industry, which uses a preferential crystallization process instead of chromatography, but this method had not been tried for protein purification — specifically, capsid-based drugs — before. Bal decided to try it, since with this method “its operating time is low and the product loss is also very low, and the purity achieved is very, very high because of the high selectivity,” he says. The method separates out empty from full capsids in the solution, as well as separating out cell debris and other useless material, all in one step, without requiring the significant pre-processing and post-processing steps needed by the other methods.

    “The time required for purification using the crystallization method is around four hours, compared to that required for the chromatography method, which is about 37 to 40 hours,” he says. “So basically, it is about 10 times more effective in terms of operating time.” This novel method will reduce the cost of gene therapy drugs by five to 10 times, he says.

    The method relies on a very slight difference in the electrical potential of the full versus empty capsids. DNA molecules have a slight negative charge, whereas the surface of the capsids has a positive charge. “Because of that, the overall charge density distribution of the full capsids will be different from that of the empty capsids,” he says. That difference leads to a difference in the crystallization rates, which can be used to create conditions that favor the crystallization of the full capsids while leaving the empty ones behind.

    Tests proved the effectiveness of the method, which can be easily adapted to large-scale pharmaceutical manufacturing processes, he says. The team has applied for a patent through MIT’s Technology Licensing Office, and is already in discussions with a number of pharmaceutical companies about beginning trials of the system, which could lead to the system becoming commercialized within a couple of years, Bal says.

    “They’re basically collaborating,” he says of the companies. “They’re transferring their samples for a trial with our method,” and ultimately the process will either be licensed to a company, or form the basis of a new startup company, he says.

    In addition to Bal and Braatz, the research team also included Jacqueline Wolfrum, Paul Barone, Stacy Springs, Anthony Sinskey, and Robert Kotin, all of MIT’s Center for Biomedical Innovation. The work was supported by the Massachusetts Life Sciences Center, Sanofi S.A., Sartorius AG, Artemis Life Sciences, and the U.S. Food and Drug Administration.

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  • Bristow Group Announces Third Quarter 2025 Earnings Call :: Bristow Group Inc. (VTOL)

    Bristow Group Announces Third Quarter 2025 Earnings Call :: Bristow Group Inc. (VTOL)

    HOUSTON, Oct. 28, 2025 /PRNewswire/ — Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its third quarter 2025 financial results after market close on Tuesday, November 4, 2025. In connection with the release, Bristow has scheduled a conference call for Wednesday, November 5, 2025, to begin at 10:00 a.m. ET (9:00 a.m. CT).

    Investors may participate in the call by using the following link, which is now open for early registration: https://www.veracast.com/webcasts/bristow/webcasts/VTOL3Q25.cfm.

    A replay of the call will be available through November 25, 2025, and can be accessed using the same link. The accompanying investor presentation will be available on November 4, 2025, on the investor section of Bristow’s website at www.bristowgroup.com.

    About Bristow Group

    Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. Our aviation services include personnel transportation, search and rescue (“SAR”), medevac, fixed-wing transportation, unmanned systems and ad hoc helicopter services. Our business is comprised of three operating segments: Offshore Energy Services, Government Services and Other Services. Our energy customers charter our helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Our government customers primarily outsource SAR activities whereby we operate specialized helicopters and provide highly trained personnel. Our other services include fixed-wing transportation services through a regional airline in Australia and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.

    Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, Ireland, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom (“UK”) and the United States (“U.S.”). To learn more, visit our website at www.bristowgroup.com.

    Investors
    Bristow Group Inc.
    Jennifer Whalen
    +1 713.369.4636
    InvestorRelations@bristowgroup.com

    View original content:https://www.prnewswire.com/news-releases/bristow-group-announces-third-quarter-2025-earnings-call-302597308.html

    SOURCE Bristow Group

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    Reference #18.c8a0d517.1761691028.dc00dc7e

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  • TITAN INTERNATIONAL INC. CLOSES ON STRATEGIC PARTNERSHIP WITH BRAZILIAN WHEEL MANUFACTURER RODAROS

    TITAN INTERNATIONAL INC. CLOSES ON STRATEGIC PARTNERSHIP WITH BRAZILIAN WHEEL MANUFACTURER RODAROS

    WEST CHICAGO, Ill., Oct. 28, 2025 /PRNewswire/ — Titan International, Inc. (NYSE: TWI) (“Titan” or the “Company”), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the closing of a strategic partnership with Rodaros Industria de Rodas Ltda. (“Rodaros”), a Brazilian manufacturer of agricultural and construction wheels.  This deal was first announced during Titan’s second quarter 2025 earnings call on July 31st and has now completed formal regulatory review.

    Rodaros is the second largest manufacturer of agricultural wheels in Brazil.  This partnership will be forged with an initial cash investment of $4 million by Titan for a 20% ownership stake and includes commitments to acquire the remaining 80% in 2029 based on financial performance criteria for final valuation of the enterprise.  Titan will obtain one Board seat within Rodaros (out of a three-member Board) and will begin providing financial leadership.

    Paul Reitz, President and Chief Executive Officer of Titan stated, “This partnership reinforces Titan’s commitment to offering the best solutions for our customers’ equipment and to driving performance improvements in agriculture and construction operations. By combining Rodaros’ excellence in wheel manufacturing with Titan’s market leading tire production and distribution across the entire region, we are paving the way for the development of integrated solutions tailored to the Brazilian and South American markets.”

    Mr. Reitz continued “Building on Titan’s One Stop Shop framework, this strategic partnership now gives us the opportunity to distribute wheel/tire assemblies to existing OEM customers, particularly in Brazil, the third largest agricultural market in the world.  Over the years, I’ve talked to key OEMs in Brazil, and they expressed enthusiasm about the opportunity to procure wheel/tire assemblies, which is something that none of our key competitors offer in that region. I expect this partnership to be a game changer for our customers and anticipate that wheel/tire assemblies will be a successful part of our Brazilian portfolio, much like they are in the US. Additionally, it gets us one step closer to our goal of being a supplier that OEMs can rely on for both wheels and tires, for all key geographies across the globe. We are excited about the growth opportunities that this partnership will provide for Titan, and about the ability to better serve our customers.”   

    Ronaldo Linero, CEO of Rodaros added, “This partnership is founded on shared values and complementary technical expertise between the companies. Our goal is to generate real synergies and deliver added value to the end customer”.

    About Titan

    Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Headquartered in West Chicago, Illinois, the Company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. For more information, visit www.titan-intl.com.

    SOURCE Titan International, Inc.

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  • Apple hits $4 trillion milestone; Nvidia nears $5 trillion

    Apple hits $4 trillion milestone; Nvidia nears $5 trillion

    Apple on Tuesday became only the third company to break through the $4 trillion market value milestone.

    Apple shares rose fractionally in early trading, just enough to briefly push the company’s value above the historic level. It ended the trading day at $3.99 trillion.

    Nvidia and Microsoft crossed the $4 trillion threshold in July. Nvidia’s market valuation has grown even more since then, hitting $4.88 trillion as of Tuesday’s close.

    Microsoft’s value rose above the benchmark again Tuesday, at $4.03 trillion, driven by news that the Windows software maker’s stake in OpenAI would be worth $135 billion.

    Apple has lagged several of its Big Tech peers this year, with fears that its artificial intelligence efforts are coming up short. Apple has gained just 7.5% in 2025, well behind Nvidia’s 50%, Alphabet’s 42% and Meta Platforms’ 28%. For the year, the broad-based S&P 500 has risen 18%.

    But Apple’s fortunes have changed in recent months.

    In early September, a federal judge ruled that Google did not have to divest its Chrome browser business, which benefitted Apple. As part of the ruling, the judge said Google could continue to pay to have its search engine preloaded on devices, such as iPhones. Alphabet currently pays Apple billions of dollars a year to do so.

    In mid-September, the company released its newest iPhones. The extra-slim iPhone Air, which briefly faced a delay before customers in China could purchase it, eventually was released and sold out in minutes in the country.

    Apple CEO Tim Cook with President Trump in the Oval Office on Aug. 6.Demetrius Freeman / The Washington Post via Getty Images

    The negative sentiment regarding Apple among some Wall Street analysts also began turning around in recent weeks.

    “Our checks suggest this may be more than the average iPhone refresh cycle, as lead times for the base iPhone 17 continue to outpace last year’s levels,” analysts at Evercore ISI wrote on Monday. “In addition, our survey work points to a strong demand environment.”

    Multiple other analysts have also upgraded Apple’s stock.

    To add to the company’s good luck, over the course of President Donald Trump’s trade war, most Apple products have been exempt from tariffs. Apple CEO Tim Cook has paid Trump multiple visits in the Oval Office and attended a state dinner that King Charles III hosted in the U.K. in Trump’s honor last month. On Tuesday, Cook appeared again with Trump in Japan.

    Over the last month, Apple has overtaken other major tech companies with a more than 5% gain, well ahead of Amazon’s 3% and close to Nvidia’s 7%. Over the last month, Meta’s shares have returned only 1.5%.

    Apple reports earnings on Thursday. Wall Street analysts expect that the company has even more room to run. As of Tuesday, the Wall Street consensus is for the tech giant to report more than $100 billion in quarterly revenue.

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  • Visa Fiscal Fourth Quarter and Full-Year 2025 Financial Results – Visa – Investor Relations

    1. Visa Fiscal Fourth Quarter and Full-Year 2025 Financial Results  Visa – Investor Relations
    2. Visa, Mastercard earnings expected to benefit from consumers’ surprising strength (V:NYSE)  Seeking Alpha
    3. Biogen Inc. (BIIB) Expected to Beat Earnings Estimates: Can the Stock Move Higher?  Nasdaq
    4. Visa Q4 Preview: Can Spending and Travel Keep Momentum Alive?  Yahoo Finance
    5. PREVIEW: Visa seen reporting strong earnings growth amid solid US consumer spending  TradingView

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  • Global Copper Mining – Peer Credit Analysis – Fitch Ratings

    1. Global Copper Mining – Peer Credit Analysis  Fitch Ratings
    2. Copper dips on profit taking ahead of Fed meet, US-China talks  Business Recorder
    3. Copper’s Rally Takes A Breather As Investors Cash Out  Finimize
    4. Copper and aluminum soar! While precious metals lose their luster, the ‘charge’ of industrial metals remains strong.  富途牛牛
    5. Copper Is The New Gold–Expert Eyes The Strongest Bull Market In 50 Years  Benzinga

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