Kardigan Files for IPO (KARD): MyoKardia Veterans Return
Clinical-stage heart-drug developer Kardigan filed its S-1 for a Nasdaq IPO (ticker: KARD), backed by a JPM/Jefferies/Leerink/TD Cowen syndicate.
Stock Market
Stock market news and analysis, with explanations of company developments, earnings and the forces moving share prices. Start with Market Education if you are new to investing. Find your way around ECMSource.
Big 8 US Banks’ Living Wills Clear With No Shortcomings
FDIC and the Fed cleared all 8 US G-SIBs’ 2025 resolution plans on May 22, 2026 — no shortcomings, no deficiencies, and 2023 derivatives gaps now fixed.
Lantheus Weighs $7B Curium Bid; Radiopharm M&A Heats Up
Lantheus Holdings (LNTH) is weighing a roughly $7 billion takeover bid from PE-backed Curium Pharma. Shares jumped 9% on the report.
Workday Beats: Subs +14%, Raises FY27 Margin to 30.5%
Workday’s Q1 FY27 hit $2.54B in revenue and $616M in free cash flow; FY27 non-GAAP operating margin guidance was raised to 30.5%.
Uber Eyes Full Delivery Hero Bid After 25% Stealth Stake
Bloomberg: Uber holds 19.5% of Delivery Hero plus 5.6% in options. A full bid on the EUR10B Frankfurt-listed delivery giant would reshape global food delivery.
TJX Beats and Raises: Comps +6%, EPS $1.19, Buyback to $3B
TJX Companies posted Q1 FY27 comps up 6%, EPS of $1.19 (+29% YoY), returned $1.1B to shareholders, and lifted its FY27 sales, margin, EPS, and buyback guidance.
Nintendo’s Switch 2 Hits 19.86M Units; FY27 Outlook Cautious
Nintendo’s first Switch 2 fiscal year almost doubled group revenue to 2.31 trillion yen. So why is the FY27 guide so conservative?
D-Wave Lands $100M CHIPS Letter; Quantum Stocks Rip
D-Wave signed a $100M CHIPS Act letter of intent with Commerce. QBTS jumped 28%, RGTI 26%, INFQ 29% as quantum names ripped sector-wide.
Take-Two Reports Tonight Ahead of GTA VI in November
Take-Two reports Q4 FY26 earnings May 21 with Grand Theft Auto VI six months from launch. What to watch — and why FY27 is the real story.
REITs Explained: How Real Estate Investment Trusts Work
What is a REIT, the 90% dividend rule, equity vs mortgage REITs, why FFO matters more than net income, and why rising rates hit REITs first.