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22 April 20265 Mins read

PRE-OPEN Canadian markets are pointing to a higher open after Trump extended the ceasefire with Iran indefinitely, though doubts lingered following reports of gunfire attacks on container ships in the Strait of Hormuz. Wall Street futures, also rose while European equities steadied on the news.

Canada

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canada's Prime Minister Mark Carney announced a new, expanded advisory committee on Canada-United States economic relations, retaining only four people from the previous council formed under former Prime Minister Justin Trudeau.


After securing a majority government in Canada last week, Prime Minister Mark Carney faces his biggest challenge: redefining trade with the U.S. under President Donald Trump.

Canada said it planned to permit commercial space launches, citing the need to capitalize on a lucrative market and build up industry as well as cutting its reliance on the United States.
 

 

Canada's chief trade negotiator to the United States, Janice Charette, said on Tuesday that she did not expect Canada and the U.S. to resolve all issues by July 1, but that would not mean the North American trade agreement would collapse.


 

TMX Group Ltd: Cboe Global Markets said it will sell its Canadian and Australian equities exchanges to the TMX Group for $300 million, as the exchange operator sharpens its focus on higher-growth areas such as derivatives, digital assets and prediction markets. The deal includes Cboe Canada and Cboe Australia and marks a key step in the company's strategic realignment announced in October last year, when it said it would explore a sale of the two businesses as part of a broader portfolio review. The transaction is subject to customary closing conditions, including regulatory approvals, and the acquisitions of Cboe Australia and Cboe Canada are expected to close separately after the required approvals are obtained.


 

Anaergia Inc. (TSX: ANRG; OTCQX: ANRGF), through its subsidiary Anaergia Technologies LLC ("Anaergia Technologies"), has signed an C$8 million contract with Vanguard Renewables for a follow-up deployment of its proprietary technology and equipment for an advanced anaerobic digestion facility in Minnesota.

Anaergia Technologies will deliver a comprehensive platform including its proven process technology, proprietary permanent synchronous magnet ("PSM") mixers, and the Biogas Upgrading ("BUG(TM)") System. Vanguard Renewables will utilize this to process food, beverage, and agricultural waste to produce renewable natural gas ("RNG") for injection into the local energy distribution system.

"Vanguard Renewables' next-generation anaerobic digestion facilities integrate proven, state-of-the-art technologies to maximize performance, reliability, and environmental impact," said John Goodwin, Vice President of Engineering at Vanguard Renewables. "Anaergia's systems and technical expertise are a key part of that approach and enable us to continue advancing our mission at scale.” View source version on businesswire.com: https://www.businesswire.com/news/home/20260422595258/en/


 

Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) announce further assay results from recent drilling at its South Australian Challenger Gold Project (Challenger).

Challenger is the site of the Company's fully permitted Central Gawler Mill (CGM). A Definitive Feasibility Study (DFS) is underway targeting an initial 3 - 4 year Stage 1 'baseline' operation utilising only historical higher-grade tailings from tailings storage facility 1 (TSF1) and limited, near-surface materials without disturbing Challenger's historical high-grade underground mine, its mineralisation or its infrastructure access.

Barton has recently published assays from the Challenger 'Main' pit, with grades up to 170 g/t Au confirming the discovery of new zones of high-grade mineralisation in the open pit walls. The latest assays come from the adjacent 'Challenger West' pit, and confirm high-grade mineralisation in the pit floor in assays up to 60 g/t Au.

Full details can be accessed in the complete announcement on the ASX website or directly by clicking here.

Commenting on the Challenger West assay results, Barton Managing Director Alexander Scanlon said:

"Following the discovery of new mineralised zones grading up to 170 g/t Au at Challenger's main open pit, we are pleased to share new assays confirming high-grade mineralisation in the immediate floor of the Challenger West pit.

"These shallow materials regularly grade between 5 - 20 g/t Au, and up to 60 g/t Au, and can be accessed by simple excavation to supplement other Challenger feed sources and increase the overall grade profile of mill feed materials.

"This kind of on-pit, near-surface mineralisation adjacent to our existing Central Gawler Mill provides ideal low-risk feed to de-risk an operational restart at Challenger. We look forward to sharing further Challenger assays soon.”  

 

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) announce that it plans to advance several of its properties in 2026 starting with drilling on the Rip Copper-Molybdenum Project (the "Project" or "RIP") in early May. Copper Quest has signed a Drilling Services Agreement with APEX Diamond Drilling Ltd. out of Smithers, BC, and has commenced preparations for drilling a minimum of 2,000 meters. The RIP Project is in the Stikine region of British Columbia, situated approximately 33 km northeast of Imperial Metals Corporation's past producing Huckleberry copper-molybdenum ("Cu-Mo") mine and Surge Copper's advanced stage Ox/Seal/Berg projects, and 30 km southeast of Vizsla Copper Corp's Poplar copper-gold Project. Imperial Metals Corporation is exploring Huckleberry and its surrounding claims for additional Cu-Mo resources.

Brian Thurston, CEO of Copper Quest, stated, "Copper Quest staff and contractors are excited to be getting an early start to what we anticipate will be a busy field season. We aim to advance several of our key properties, beginning with a drill program at RIP that will fulfill the terms for our acquisition of a 60% interest in this high-potential asset. Phase One drilling in 2024 demonstrated that a blind, multi-phase Cu-Mo mineralized porphyry system is responsible for at least one of the two compelling geophysical 'bullseye' targets outlined on the property. While the 2024 program successfully validated the target concept, most of the northern target and all of the southern target remain untested by drilling. It is a rare opportunity to get to explore road-accessible, validated porphyry targets in British Columbia that have seen so little previous drilling, particularly within an established porphyry district such as the Bulkley Valley. Copper Quest has assembled a dominant land position in the Bulkley Porphyry Belt, including the STARS, RIP and Stellar properties, providing shareholders with a district-scale copper porphyry exploration and discovery opportunity.


 

Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) reviewed its three new high-grade gold discoveries at the Gold Rock target area in Northwestern Ontario, including the identification of new zones on the Big Master gold system, the extension of mineralization below the historic Big Master Mine, and the integration of digitized historic data into a 3D geological visualisation platform.

The article examines Dryden Gold's step-out drilling programme at Gold Rock, against the backdrop of rising gold demand and growing investor interest in high-grade discoveries in stable, infrastructure-rich jurisdictions.

To read the full article, please visit BNN Bloomberg at:
https://www.bnnbloomberg.ca/investment-trends/2026/04/20/dryden-gold-makes-three-new-high-grade-discoveries-at-gold-rockwaterfall/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293685


 

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announce the updated mineral resource estimate ("Updated MRE") for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. The Updated MRE, as set out in Tables 1 to 3 below, has been prepared by independent qualified persons ("QPs") with Micon International Limited ("Micon"), as defined under National Instrument 43-101 ("NI-43-101"). Micon also authored the inaugural MRE in 2023. A Technical Report outlining the mineral resource estimation will be filed on Sedar within 45 days of the date of this release.

Tom Larsen, CEO of Eloro, commented: "We are thrilled to announce an Updated Mineral Resource Estimate, with increases in contained tonnages, as well as grades. The continuity of higher-grade values, particularly in the Santa Barbara Zone, positions Eloro uniquely for the advancement and development of the Project, which will be detailed in the planned PEA. This Mineral Resource Estimate demonstrates the team's ability to successfully delineate and expand the Iska Iska Project into a major Ag-Sn-polymetallic asset."

Mr. Larsen continued: "This Updated MRE represents a defining milestone for Eloro, since it upgrades notably all of the numbers from the initial MRE in 2023, now outlining 85.17 Mt of Indicated resource and 945.43 Mt of Inferred resource, confirming the scale of the discovery at Iska Iska. Additionally, recent metallurgical work improved tin recoveries to 59%, materially enhancing the project's potential economics. The majority of the resource is currently outlined within an optimized open pit measuring approximately 1.4km in diameter and 750m in depth, underscoring the remarkable scale of the Iska Iska mineralized system. The confirmed overall stripping ratio of 1:1 is also particularly attractive. While a substantial portion of the resource remains in the Inferred category, ongoing infill drilling is anticipated to support the conversion of these resources to the Indicated category. In addition, existing Indicated resources have the potential to be further upgraded to the Measured category with continued infill drilling. In parallel, an extensive metallurgical testing program is underway, with the potential to further improve recoveries.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293755


 

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) report record quarterly production and provide an operational update for the first quarter of 2026 at the Bethania silver project, which delivered record daily and quarterly production rates as the ramp-up continued to track higher during the three month period. In light of the significant progress to date, the Company continues to expect the completion of its Phase 1 ramp-up, achieving 350 metric tonnes per day ("tpd") production, by the end of the year. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293756


 

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the "Warrants") issued on November 25, 2025, pursuant to the Company's non-brokered private placement.

Pursuant to the terms of the Warrants, the Company may acceleration the Warrants if the common shares (the "Common Shares") of the Company trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) at a closing price of CDN$0.35 or above per Common Share for a ten (10) consecutive trading day period (the "Acceleration Period"). The Company hereby provides notice (the "Acceleration Notice") of the Acceleration Period covering the ten (10) trading days ended April 21, 2026, and that the Company is exercising its right to accelerate the expiry of the Warrants to 5:00 p.m. (Toronto Time) on June 3, 2026 (the "Accelerated Expiry Date"). Any Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect. SOURCE Lahontan Gold Corp. https://api.newsfilecorp.com/newsinfo/293713/130


 

Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQX: MMETF) announce that effective April 23, 2026, the common shares of the Company will commence trading on the TSX Venture Exchange ("TSXV") under the symbol MMET.

In connection with the TSXV listing, the Company will delist its common shares from the Canadian Securities Exchange as of market close on April 22, 2026.

Dr. Jaap Verbaas, CEO, stated: "We are pleased to receive approval to list on the TSXV. This milestone reflects the quick progress we have made at our Sela Creek Gold Project and the growing scale of our discoveries at Big Berg and Jons Trend. We believe the TSXV listing will enhance our visibility, improve share liquidity, and create access to a broader group of institutional and retail investors globally as we continue to advance our exploration programs".

The Company's trading symbol remains unchanged, and shareholders are not required to take any action in connection with the CSE delisting and TSXV listing. The Company's common shares will continue to trade on the OTCQX Best Market under the symbol "MMETF" and on the Frankfurt Stock Exchange under the symbol "8NQ".


 

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) , a global cybersecurity systems integrator, is pleased to announce a non-brokered private placement of up to 25,000,000 special warrants (the "Special Warrants") at a price of $0.10 per Special Warrant to raise aggregate gross proceeds of up to $2,500,000 (the "Offering").

Each Special Warrant will automatically convert, for no additional consideration, into one common share of the Company (each a "Share") on the date that is the earlier of: (i) the date that is three business days following the date on which the Company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the Shares issuable upon the conversion of the Special Warrants (the "Prospectus Supplement"), and (ii) the date that is four months and one day after the closing of the Offering. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293672


 

Sarama Resources Ltd. (TSXV: SWA)(ASX:SRR) provide a corporate update on matters pertaining to its arbitration claim ("Claim"), Western Australian gold assets, and the acquisition of copper-gold exploration tenements in New South Wales, Australia.

Sarama's Executive Chairman, Andrew Dinning commented:

"We are pleased to report strong progress in enhancing value across both the arbitration claim and exploration portfolio, providing a clear pathway forward. Finalising the date for the Merits Hearing marks a key milestone in the arbitration process and furthermore, the transaction with Riedel enables Sarama to retain meaningful exposure to its Western Australian gold assets while minimising dilution to any potential future damages award. The addition of new copper-gold tenure in New South Wales provides us with a low-cost opportunity to start building copper-gold optionality into the Company's exploration portfolio while we work through the arbitration process."

View the original press release on ACCESS Newswire


 

Sego Resources Inc. (TSXV: SGZ), announces it is intending to extend the expiry date of 8,075,000 share purchase warrants (the "Warrants") that were issued as part of a private placement completed on May 1, 2024 (see news release dated May 2, 2024). The original term of each Warrant entitled the holder to purchase one common share in the capital of the Company at a price of $0.05 with an expiry date of May 1, 2026. The Company is intending to extend the expiry date to November 1, 2026. All other terms of the Warrants will remain the same. The extension is subject to TSX Venture Exchange Approval.

There is no material change about the issuer that has not been generally disclosed. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293546


 

Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330), a globally expanding renewable energy company, today reported a breakout year of financial and operational performance for the year ended December 31, 2025. The Company reported its financial results ahead of schedule, highlighting disciplined execution and operational strength. All financial figures are derived from audited financial statements.

Stardust Solar generated $4.7 million in FY2025 revenue, representing 29% year-over-year growth, while gross margin expanded to 40% (from 27% in 2024). Growth was driven by expansion of the Company's franchise network, increasing high-margin royalty and licensing revenue, and continued demand for solar solutions. This early reporting reflects the Company's continued focus on operational efficiency, disciplined financial management, and scalable execution as it expands across multiple markets. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293556


 

Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF) announce that, further to its news release dated February 26, 2026, it has received TSX Venture Exchange approval and closed the transaction with respect to the  property purchase and sale agreement dated February 25th, 2026 (the “Agreement”) with Eagle Plains Resources Ltd.(“Eagle Plains” or the “Vendor”) pursuant to which the Company shall acquire up to 100% interest in 7 individual mineral dispositions that total approximately 4,711 hectares (ha) within the La Ronge Gold Belt in Northern Saskatchewan, Canada.

Acquisition Highlights:

Attractive acquisition price consisting of small cash payment

Highly prospective mineral dispositions that are contiguous with Trident’s core high-grade gold projects of Contact Lake and Greywacke Lake

Multiple high priority targets on the newly acquired dispositions that are on trend with our main assets in the La Ronge Gold Belt

Company’s website at www.tridentresourcescorp.com


 

West Point Gold Corporation (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) announce positive results from a Phase 2 metallurgical testing program completed by Kappes, Cassiday & Associates ("KCA") for the Tyro Main Zone at the Company's Gold Chain Project located in Arizona. Recoveries on average ranged from 87% to 92% for milled material, 39% to 68% for HPGR Crushed material and 39% to 69% for conventionally crushed material. Results confirm that gold from the Tyro Main Zone should be recoverable by conventional means (heap leach or mill) and that further optimization has the potential to improve recoveries with both potential processing methods.

"These metallurgical results represent another important milestone for Gold Chain as we continue to demonstrate that gold can be recovered by heap leaching or conventional milling from the Tyro Main Zone. These results continue to suggest that there are multiple processing paths, and we plan to continue testing them to optimize the project. The combination of good gold recoveries, favourable reagent consumption, and multiple potential processing paths, supports our view that Gold Chain could host a scalable, low-cost gold project in one of the best mining jurisdictions in the world," stated Derek Macpherson, President and CEO.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293714


 

Windfall Geotek Inc. (CSE: WIN; OTCQB: WINKF) , a pioneer in AI-driven mineral exploration since 2005, the Company has completed district-scale machine-learning targeting at the Great Northern Project in northwest Newfoundland, generating 40 gold targets—including five high-priority zones confirmed by both models.  

Windfall Geotek holds a strategic position in Gold Hunter Resources, comprising 500,000 common shares and 500,000 warrants, reinforcing its alignment with the Company’s growth and exploration success.

Gold Hunter engaged Windfall Geotek to apply its proprietary AI System across the extensive dataset compiled at the Great Northern Project, drawing on 398 drillholes containing 23,493 gold assays, 7,850 surface rock samples, and geophysical data, including the Company's first-ever district-scale VTEM™ Plus and Horizontal Magnetic Gradiometer survey completed in October 2025. The AI System identifies areas that share geological characteristics with previously reported mineralized occurrences, providing an additional layer of support for the Company’s technical team.  Website: www.windfallgeotek.com


ECONOMIC DATA
0830 New housing price index for March: Prior 0.3%

World Markets

 

 
 
 
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US

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US Futures are ticking higher as Trump extended the ceasefire with Iran indefinitely, even as uncertainty remained over whether Tehran and U.S. ally Israel would honor the truce. European equities steadied on the news, while investors also digested a raft of regional corporate earnings reports.

Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to Trump about cutting interest rates, as he tried to assure U.S. senators mulling his confirmation to lead the U.S. central bank that he would act independently of the White House while pursuing broad reforms.

Alphabet Inc & Vodafone Group PLC: Vodafone said it would offer its small business customers advanced cybersecurity and agentic AI through its $1 billion strategic tie-up with Google Cloud agreed in October 2024. The security product will be a managed detection and response service enabled by Google Security Operations designed to protect small businesses from increasingly frequent and sophisticated cyber threats, Vodafone said. It will launch in Germany, in compliance with the region's stringent data protection standards, before rolling out across additional European markets later this year, it said.

AT&T Inc: The company gained more wireless subscribers than expected in the first quarter, benefiting from customers opting for the telecom provider's packages bundling wireless and high-speed fiber services. The company said it added 294,000 net monthly bill-paying wireless phone subscribers in the first quarter, compared with additions of 272,000 expected by analysts polled by FactSet. Total revenue for the quarter grew about 3% to $31.5 billion, compared with estimates of $31.25 billion.

Capital One Financial Corp: The company missed Wall Street expectations for first-quarter profit on Tuesday, as the consumer lender set aside more money to cover potential bad loans. It set aside $4.07 billion in provision for credit losses in the quarter, compared with expectations of $3.77 billion. Net interest income rose to $12.15 billion in the quarter from $8 billion a year earlier. Excluding one-time items, Capital One's profit was $4.42 per share in the three months ended March 31, compared with Wall Street expectations of $4.55 per share.

Chubb Limited: The insurance giant reported an 81% rise in first-quarter profit on Tuesday, buoyed by robust investment returns and lower catastrophe losses. Net investment income on a pre-tax basis surged 9.5% to $1.71 billion in the quarter from a year earlier. Catastrophe losses were $500 million on a pre-tax basis, compared with $1.64 billion a year earlier, which included $1.47 billion from the California wildfires. Core operating income was $2.69 billion, or $6.82 per share, in the three months ended March 31, compared with $1.49 billion, or $3.68 per share, a year earlier. Chubb's property and casualty insurance arm combined ratio was 84% in the quarter, compared with 95.7% a year earlier.

Elevance Health Inc: The health insurer raised its annual profit forecast, as it looks to keep medical costs in check. "Our first-quarter results exceeded expectations, reflecting underlying business strength and improving claims experience," said CEO Gail Boudreaux. The company forecast annual adjusted profit to be at least $26.75 per share, compared with at least $25.50 per share projected earlier. Analysts on average estimate an annual profit of $25.73 per share. On an adjusted basis, it posted a quarterly profit of $12.58 per share, beating the estimate of $10.82 per share.

EQT Corp: The natural gas producer beat Wall Street estimates for first-quarter profit on Tuesday, benefiting from higher commodity prices and output. EQT's average realized price for the quarter, including the impact of hedges, was $5.08 per thousand cubic feet equivalent, compared with $3.77 in the same period a year ago. The company's total quarterly sales volume was up 8.2% from a year earlier, reaching 617.69 million cubic feet equivalent. EQT's capital expenditure rose 22.3% to $608 million in the quarter from a year earlier. The company reported an adjusted profit of $2.33 per share for the quarter ended March 31, above analysts' average estimate of $2.12.

Exxon Mobil Corp: The energy major is considering a sale of its gas stations in Hong Kong in a deal that is expected to fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial adviser and held discussions with a handful of bidders, said the people, declining to be named as the information was confidential.

GE Vernova Inc: The power equipment maker raised its annual revenue forecast, as strong demand from data centers accelerated order growth across its power and electrification units. The company now expects revenue of $44.5 billion to $45.5 billion in 2026, compared with its prior view of $44 billion to $45 billion. It reported $18.3 billion in orders in the first quarter, a growth of more than 71% organically. Its electrification unit reported a core profit of $528 million, up from $205 million from a year ago, while the power unit posted $811 million, nearly a 57% rise. Analysts on average expected the company to report annual revenue of $44.5 billion in 2026.

Interactive Brokers Group Inc: The trading platform reported a 25% jump in first-quarter profit on Tuesday, helped by higher customer trading volumes. Commission revenue surged 19% to $613 million compared to the previous year, driven by a strong jump in customer stock, futures and options trading volumes in the three months ended March 31. Net interest income rose 17% to $904 million for the quarter, owing to higher average customer margin loans and credit balances. Daily average revenue trades rose 24% in the quarter to 4.37 million trades. The company reported net income available for common stockholders of $267 million or 59 cents per share for the first quarter, compared with $213 million or 48 cents per share in the previous year.

Intuitive Surgical Inc: The medical device maker on Tuesday beat Wall Street estimates for first-quarter profit and revenue, as the firm rode the wave of robust demand for its minimally invasive surgical robots used in complex medical procedures. Intuitive now projects its adjusted gross profit margin to be between 67.5% and 68.5% of revenue in 2026, higher than the 67% and 68% it previously projected. On an adjusted basis, the company reported earnings of $2.5 per share for the quarter ended March 31, beating analysts' estimates of $2.1 per share. Revenue for the quarter came in at $2.77 billion, compared to analysts' estimates of $2.62 billion.

Moderna Inc: The drugmaker said on Tuesday it had started a late-stage study of its experimental bird flu vaccine in the U.S. and the UK, marking the first time a pandemic bird flu vaccine made with mRNA technology has reached late-stage trials. It is being supported by a $54 million investment from the Coalition for Epidemic Preparedness Innovations. The company said any future filing for regulatory approval of mRNA-1018 would also be supported by positive data from its separate seasonal flu vaccine candidate, mRNA-1010, which is under review in the U.S., the European Union, Canada and Australia. Under its agreement with CEPI, Moderna said that if the vaccine is approved and a flu pandemic is declared, it would set aside 20% of its manufacturing capacity for supply to low- and middle-income countries at affordable prices.

National Healthcare Properties Inc: The company raised $462 million in its U.S. initial public offering on Tuesday, becoming the latest real estate investment trust looking to capitalize on growing demand for senior housing and healthcare properties. The firm sold 38.5 million shares at $12 apiece, below the marketed range of between $13 and $16 a share. Wells Fargo Securities, Morgan Stanley and BMO Capital Markets were the lead book-running managers for the offering. The company is expected to start trading on the Nasdaq under the ticker "NHP" on Wednesday.

T-Mobile US Inc: Deutsche Telekom is exploring a deal to combine with its U.S. unit, T-Mobile US, to create a $400 billion telecoms giant in what would be the largest ever public merger, two people familiar with the matter said. Any deal would require support from the German state, Deutsche Telekom's single biggest shareholder with a 28% stake held roughly equally by the government and state-lender KfW, whose holding could be diluted in a merged group. A merger would create a company valued at roughly $400 billion, potentially boosting liquidity and making future dealmaking easier, one of the sources said, speaking on condition of anonymity because the discussions are private. Under the proposal, a new holding company would make an all-share offer for both firms, be owned by existing shareholders and list in both the U.S. and Europe, Bloomberg said.

TE Connectivity: The company projected third-quarter profit above Wall Street expectations, but warned it may have to pass higher raw-material costs on to customers if conflict in the Middle East continued to disrupt supply chains. The company forecast an adjusted profit of $2.83 per share for the current quarter, compared with analysts' expectations of $2.80 per share. TE Connectivity reported adjusted profit of $2.73 per share for the second quarter, beating estimates of $2.70. Revenue for the quarter ended March 27 came in at $4.74 billion, compared with estimates of $4.76 billion.

Teleflex Inc: Private equity firms CVC Capital Partners and GTCR have submitted a joint bid to take medical equipment provider Teleflex private, a source familiar with the matter said on Tuesday. The offer is being evaluated by Teleflex, the source said, cautioning that no deal is certain and that the company could ultimately reject the approach or attract rival interest. The bid, if successful, would take private the company that has been in the process of a significant strategic overhaul.

United Airlines Holdings Inc: The airline on Tuesday forecast second-quarter and full-year profits below Wall Street estimates as higher jet fuel prices squeeze margins and cloud its near-term outlook, even as demand for premium travel stays robust. United said it expects adjusted earnings of $1 to $2 per share in the second quarter. The midpoint of the range, $1.50, is below analysts' average estimate of $2.08. It projected full-year profit of $7 to $11 per share, compared with an expectation of about $9.58 per share. United reported first-quarter adjusted earnings of $1.19 per share, beating ​analysts' expectation of $1.07. Total revenue rose 10.6% year-on-year to $14.6 billion.

W. R. Berkley Corp: The commercial insurer reported a rise in first-quarter profit on Tuesday, helped by solid underwriting performance. The insurer's net written premiums rose 1.3% to $3.2 billion in the quarter. The company reported a combined ratio of 90.7% for the quarter, down from 90.9% ​in the year-ago period. First-quarter net investment income for the commercial ⁠lines insurer came ⁠in at a record $404.3 ​million, up from $360.3 million last year. W. R. Berkley reported an operating income of $514.3 million, or $1.30 per share, for the quarter ended March 31. That compares with $420 million, or $1.05 per share, last year.

Europe / Asia

 

Trump said he would indefinitely extend the ceasefire with Iran to allow for further peace talks, although it was not clear on Wednesday if Iran or Israel, the U.S. ally in the two-month war, would agree.

Japan's exports rose for a seventh straight month led by demand tied to artificial intelligence that has for now blunted the impact of trade disruptions caused by the Middle East conflict, government data showed.​

Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.

The owners of British pharmacy chain Boots are working with consultants on a possible strategy overhaul in preparation for a potential London stock market listing as soon as 2027, people familiar with the plans said.​

Deutsche Telekom is considering a full combination with T-Mobile US that could result in the largest public M&A deal on record, Bloomberg News reported on Tuesday, citing people familiar with the matter.


BHP Group Ltd: The miner beat market estimates for third-quarter iron ore output and said its annual copper production would come in at the upper half of its forecast range, sending its shares up about 2% to their highest in seven weeks. The company also said it had concluded talks with China Mineral Resources Group (CMRG), the state iron ore buyer, ending a months-long dispute stemming from bans on the procurement of the key steel-making ingredient from BHP. Copper production slipped 7% from last year to 476.8 thousand tons, below the Visible Alpha consensus of 479.2 thousand tons, due to weak performance at the Escondida and Pampa Norte operations in Chile. However, the miner said it expected annual copper production in the upper half of its forecast range of 1.9 to 2 million tons.

ECONOMIC DATA (GMT)
0600 United Kingdom Core CPI YY for March: Expected 3.2%; Prior 3.2%
0600 United Kingdom CPI MM for March: Expected 0.6%; Prior 0.4%
0600 United Kingdom CPI YY for March: Expected 3.3%; Prior 3.0%
0600 United Kingdom CPI Services MM for March: Expected 0.4%; Prior 0.5%
0600 United Kingdom CPI Services YY for March: Expected 4.3%; Prior 4.3%
0600 United Kingdom PPI Core Output MM NSA for March: Prior -0.8%
0600 United Kingdom PPI Core Output YY NSA for March: Prior 1.9%
0600 United Kingdom PPI Input Prices MM NSA for March: Expected 3.0%; Prior 0.8%
0600 United Kingdom PPI Input Prices YY NSA for March: Expected 3.4%; Prior 0.5%
0600 United Kingdom PPI Output Prices MM NSA for March: Expected 1.0%; Prior -0.5%
0600 United Kingdom PPI Output Prices YY NSA for March: Expected 2.4%; Prior 1.7%
0600 United Kingdom RPI MM for March: Expected 0.7%; Prior 0.4%
0600 United Kingdom RPI YY for March: Expected 4.0%; Prior 3.6%
0600 United Kingdom RPIX YY for March: Prior 3.5%
1400 Euro Zone Consumer Confidence Flash for April: Prior -16.3

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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