Group 1: Paramount and Warner Bros. Acquisition - Paramount Skydance (PSKY) wins the bidding war for Warner Bros. Discovery (WBD) as Netflix (NFLX) decides not to raise its bid, deeming the revised offer from Paramount as "superior" [3] - The final purchase price from Paramount is $31.00 per share in cash, which values Warner Bros. at approximately $108 billion, reflecting a one-dollar increase from its previous bid [3] - Warner Bros. Discovery is contractually obligated to pay Netflix a breakup fee of $2.8 billion due to the termination of the original deal [4] Group 2: Anthropic and Pentagon Negotiations - Anthropic (ANTHRO) refuses the Pentagon's demand for unrestricted access to its AI models, stating that it cannot allow its technology to be used in all lawful cases without limitations [5] - The Pentagon has threatened to label Anthropic as a "supply chain risk" and may invoke the Defense Production Act to enforce compliance with its demands [7] - Anthropic signed a $200 million contract with the Department of Defense in July, becoming the first lab to deploy its models in classified mission workflows [8] Group 3: Burger King Whopper Update - Burger King is refreshing its iconic Whopper for the first time in nearly a decade, introducing a more premium bun and better-tasting mayo while maintaining the same beef and toppings [9][10] - The new Whopper will be served in a box instead of a wrapper to ensure quality upon delivery, reflecting changes made based on customer feedback [10] - Restaurant Brands International (QSR) announced the upgraded Whopper at its Investor Day event, with QSR shares closing up 3.3% [10]

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Iranian people walk through the area under a state building covered with a giant anti-U.S. billboard depicting a symbolic image of the destroyed USS Abraham Lincoln (CVN-72) aircraft carrier, in downtown Tehran, Iran, on February 26, 2026, the final day of Iran-U.S. talks that are currently held in the city of Geneva. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images)NurPhoto via Getty ImagesOn paper, oil prices should be falling.The Energy Information Administration reported a 16-million-barrel build ...

HENDERSON, Nev.--(BUSINESS WIRE)---- $ZURA #TeamZura--Zura Bio Limited (Nasdaq: ZURA) ("Zura†), a clinical-stage biotechnology company developing novel and differentiated medicines to meaningfully improve the lives of patients with serious and debilitating autoimmune and inflammatory diseases, today announced that it closed its previously announced underwritten public offering of Class A ordinary shares and prefunded warrants on February 26, 2026. The offering consisted of 21,200,000 Class A ordinary shar ...

Core Viewpoint - Dakota Gold Corp. has appointed Brian G. Iverson to its Board of Directors, enhancing the company's strategic leadership as it advances exploration and development initiatives in South Dakota's Homestake District [1][3]. Group 1: Appointment Details - Brian G. Iverson brings over 30 years of experience in legal, financial, regulatory, and corporate governance functions, particularly within South Dakota [1][2]. - Iverson currently serves as General Counsel and Senior Vice President of Regulatory and Public Policy for TXNM Energy, overseeing legal operations and regulatory functions [2]. - His previous roles include significant executive positions at Black Hills Corporation, where he led financing initiatives and regulatory strategies [3]. Group 2: Company Strategy and Goals - Dakota Gold aims to revitalize exploration in the Homestake District, focusing on the Richmond Hill and Maitland Gold Projects [4]. - The company plans to advance the Richmond Hill Oxide Heap Leach Gold Project to commercial production by 2029 and outline resources at the Maitland Gold Project [5]. Group 3: Leadership and Expertise - The Co-Chairs of Dakota Gold expressed confidence in Iverson's expertise in corporate strategy, capital markets, and stakeholder engagement, which aligns with the company's goals for responsible exploration and long-term value creation [3]. - Iverson is recognized as a NACD Board Leadership Fellow and holds multiple degrees, including a Juris Doctor and an MBA from the University of South Dakota [4].

Core Insights - Delek US Holdings, Inc. reported a significant turnaround in financial performance for the fourth quarter of 2025, achieving a net income of $78.3 million compared to a loss of $413.8 million in the same quarter of 2024 [3][35] - The company emphasized its focus on operational excellence, cost optimization, and disciplined capital allocation to enhance free cash flow generation [2][4] Financial Performance - For the fourth quarter of 2025, total revenues were $2,429.4 million, an increase from $2,373.7 million in the fourth quarter of 2024 [3][22] - Adjusted EBITDA for the fourth quarter was $374.8 million, a significant improvement from a loss of $15.2 million in the prior year [3][4] - The refining segment's Adjusted EBITDA rose to $314.1 million from a loss of $68.7 million year-over-year, driven by increased refining margins and crack spreads, which were up 66.0% [4][22] Segment Performance - The logistics segment reported Adjusted EBITDA of $141.9 million for the fourth quarter of 2025, compared to $114.3 million in the same quarter of 2024, attributed to acquisitions and increased wholesale margins [5][22] - The company benefited from regulatory relief under renewable fuel standards, resulting in a reduction of costs by $75.3 million in the fourth quarter [5][32] Shareholder Returns - The Board of Directors approved a quarterly dividend of $0.255 per share, to be paid on March 9, 2026 [6] Liquidity and Debt - As of December 31, 2025, Delek US had a cash balance of $625.8 million and total long-term debt of $3,233.1 million, resulting in a net debt of $2,607.3 million [7][19] - Excluding Delek Logistics, the company had $614.9 million in cash and $888.7 million in long-term debt, leading to a net debt position of $273.8 million [7] Strategic Initiatives - The company is progressing with its Enterprise Optimization Plan, which aims to improve cash flow and reduce costs associated with inventory intermediation agreements [2][29] - Delek US is focused on enhancing its position in the Permian Basin through investments in gas processing facilities and sour gas handling capabilities [2][4]

Financial Performance - TXNM Energy reported GAAP net earnings of $151.4 million for 2025, a decrease from $242.2 million in 2024, resulting in a GAAP diluted EPS of $1.48 compared to $2.67 in the previous year [1][9] - Ongoing net earnings for 2025 were $238.9 million, down from $247.8 million in 2024, with ongoing diluted EPS at $2.33, down from $2.74 [1][9] - The decrease in earnings was attributed to shares issued as part of forward sales agreements and other costs related to the planned transaction with Blackstone Infrastructure [11][12] Transaction with Blackstone Infrastructure - TXNM Energy announced an agreement on May 19, 2025, for Blackstone Infrastructure to acquire its outstanding common stock at $61.25 per share [3] - Shareholders approved the transaction on August 28, 2025, and regulatory approvals have been received from the Federal Energy Regulatory Commission and the Public Utility Commission of Texas [4] - The acquisition is expected to close in the second half of 2026, pending additional regulatory approvals [5] Regulatory Updates - Texas New Mexico Power (TNMP) filed a general rate proceeding with the PUCT, requesting recovery of $2.8 billion of rate base and a return on equity of 10.4% [6] - Public Service Company of New Mexico (PNM) filed applications for two economic development projects and a new transmission line, with estimated costs of $165.5 million and $247 million, respectively [7][8] Segment Reporting - In 2025, PNM's GAAP diluted EPS was $0.85, down from $2.12 in 2024, while TNMP's GAAP diluted EPS increased to $1.21 from $1.14 [11] - Corporate and Other segment reported a GAAP loss of $0.58 per share, slightly improved from a loss of $0.59 in 2024 [11] Future Outlook - TXNM Energy's CEO emphasized the importance of the proposed transaction with Blackstone Infrastructure for supporting growth and transitioning to clean energy in New Mexico [2] - PNM initiated its 2026 Integrated Resource Plan process, which will cover a 20-year planning period from 2026 to 2046 [10]

Core Insights - Delek Logistics Partners achieved a record year in 2025, driven by strong performance across its crude, gas, and water businesses, highlighted by the startup of the Libby 2 gas plant and the acquisition of Gravity Water Midstream [2][3] - The company provided 2026 EBITDA guidance of $520 to $560 million, factoring in a $10 million negative impact from Winter Storm Fern [2][3] - Delek Logistics declared a quarterly cash distribution of $1.125 per common limited partner unit for Q4 2025, marking a 0.4% increase from Q3 2025 and a 1.8% increase from Q4 2024 [5] Financial Performance - For Q4 2025, net income was $47.3 million, or $0.88 per diluted common limited partner unit, compared to $35.3 million, or $0.68 per diluted common limited partner unit, in Q4 2024 [3][4] - Net cash provided by operating activities was $43.2 million in Q4 2025, down from $49.9 million in Q4 2024 [3] - Adjusted EBITDA for Q4 2025 was $142.3 million, an increase from $114.3 million in Q4 2024, reflecting contributions from H2O Midstream and Gravity operations [4][7] Segment Performance - The Gathering and Processing segment reported an Adjusted EBITDA of $70.9 million in Q4 2025, up from $66.0 million in Q4 2024, primarily due to contributions from Gravity and H2O Midstream acquisitions [8] - The Wholesale Marketing and Terminalling segment's Adjusted EBITDA was $20.9 million in Q4 2025, slightly down from $21.2 million in Q4 2024, mainly due to the assignment of a marketing agreement [9] - The Storage and Transportation segment saw Adjusted EBITDA rise to $34.7 million in Q4 2025 from $17.8 million in Q4 2024, driven by increased interest income from sales-type leases [10] Debt and Liquidity - As of December 31, 2025, Delek Logistics had total debt of approximately $2.3 billion and cash of $10.9 million, resulting in a leverage ratio of approximately 4.07x [6][25] - The company had additional borrowing capacity of $0.9 billion under its $1.2 billion revolving credit facility [6] Distribution and Growth Strategy - Delek Logistics has delivered 52 consecutive quarterly distributions, marking 13 years of distribution growth [2] - The company is optimistic about future growth opportunities, particularly in the Delaware Basin, driven by advancements in integrated acid gas injection and sour gas treating solutions [2]

At 6:22 a.m. ET on Friday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversals, or sharp price swings. These early moves often indicate where momentum may carry into the regular session, making premarket analysis a key part of the trading day.In the Green - Premarket GainersThe following stocks are trading highe ...