Sean McNelte is creator and writer of the Wake Up Entertainment Business newsletter at the Ankler. And Sean, it's great to see you. Um, look, it's almost like there's nothing to talk about because they're just firing on all cylinders.So, you know, what am I what am I missing. What what could be around the corner. Or is it, to quote the analyst last hour, has Netflix just become TV now.Uh, that's certainly true. You're talking about a service that's in probably about close to 90 million US homes, which is pr ...

Kelly Levit just addressed the president's health. What did she say. What should we know.Well, this is striking in the in the sense that any updates on a president's health are noteworthy and newsworthy on their face on its face. So, what she is saying is that the president has uh a chronic uh insufficiency of blood flow and this has been exhibited in the president noticing some swelling in his ankles. Uh also uh addressed bruising on his hands.There have been uh photos that have circulated on social media ...

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Financial Data and Key Metrics Changes - The company raised its earnings guidance by $0.40 per share, reflecting substantial increased profit above previous expectations [12][14] - The repayment of a mortgage investment generated approximately $0.69 per share of incremental FFO, while reserves booked on a preferred equity investment offset this by $0.19 per share [14][15] - Interest expense is trending above original expectations by about $0.10 per share, primarily due to decisions around potential asset sales [15][16] Business Line Data and Key Metrics Changes - In Q2, the company concluded over 540,000 square feet of leasing, bringing the year-to-date total to 1,300,000 square feet [5][6] - The leasing pipeline has been refilled to over 1,000,000 square feet, with 80% of those leases being 25,000 square feet and under [6][9] - Half of the leasing pipeline is from financial services, with the other half coming from a diverse range of sectors including legal, professional services, government, and nonprofit [6][9] Market Data and Key Metrics Changes - The demand for office space is radiating from East to West within the portfolio, indicating a healthy leasing environment across various locations [6][10] - The company anticipates significant occupancy gains, projecting to reach 93.2% occupancy by the end of the year [7][10] - The overall tenant demand in the market has increased, with 28 million square feet of active tenant searches compared to 22 million square feet a year ago [63] Company Strategy and Development Direction - The company is focused on opportunistic investments and has raised over $300 million in fresh cash proceeds to deploy into new opportunities [9][10] - The filing for the casino license bid project represents a significant strategic initiative aimed at enhancing the economic landscape of Times Square [10][11] - The company is actively pursuing development and large-scale redevelopment sites, which remain a high priority [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current volatile economic backdrop and highlighted the company's adaptability in finding investment opportunities [5][29] - The management noted that the current market conditions, including high trading profits in financial services, present opportunities rather than challenges [29] - There is optimism regarding the future demand for office space, particularly from mid-market tenants returning to the market [88][92] Other Important Information - The company has closed over $500 million in fund commitments, bringing total commitments to over $1 billion [9] - The average free rent per lease has decreased to 6.3 months, the lowest in the last five quarters, indicating a tightening market [99][100] Q&A Session Summary Question: Concerns about slight dip in occupancy - Management stated that quarter-to-quarter variations are not a productive focus and reiterated confidence in reaching the occupancy target [21][23] Question: Inquiry about investment monetization timeline - Management indicated that the rapid monetization of investments is within expected ranges and attributed it to the quality of collateral [32][34] Question: Impact of mayoral primary on tenant discussions - Management confirmed that there has been no noticeable impact on tenant negotiations due to the mayoral primary [40][42] Question: Progress on securing development sites - Management confirmed that securing development and redevelopment sites is a high priority and multiple opportunities are being pursued [68] Question: Trends in concessions and rent growth - Management noted that face rents are increasing while concessions have remained flat, indicating a tightening market [95][96]

Financial Data and Key Metrics Changes - The company reported record earnings of $119.4 million for Q2 2025, translating to $0.60 earnings per share, with a return on assets of 2.08%, compared to $115.2 million and a return on assets of 2.07% in the previous quarter [7][8] - Non-GAAP return on tangible common equity was 18.26%, while GAAP return was 17.68% [7] - Loan loss reserves remained strong at 1.86%, with Tier 1 capital at 15.6% and a leverage ratio of 13.4% [8] Business Line Data and Key Metrics Changes - The Trust, Wealth Management, and Mortgage divisions showed meaningful improvements, contributing positively to the bottom line [16] - CCFG closed approximately $500 million in new commitments for Q2, bringing the year-to-date total to over $800 million, with portfolio growth of CAD 122 million [24] Market Data and Key Metrics Changes - Deposits decreased by $53 million in Q2 due to seasonal tax payments, but balances grew in May and June, indicating a recovery in deposit activity [16] - The company operates in dynamic and growing states such as Arkansas, Texas, Alabama, and Florida, which are contributing to its performance [16] Company Strategy and Development Direction - The company aims to acquire additional assets to enhance income, targeting approximately $450 million in income for the current year and $500 million for the next year [12][11] - Management is actively looking at several acquisition opportunities and intends to make an announcement before the next quarterly report [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of margins and expects the third quarter to perform similarly to the first two quarters of 2025 [30] - The company is cautious about potential rapid interest rate cuts, emphasizing the need for a gradual approach to avoid inflation [36] Other Important Information - The company has been aggressive in stock buybacks, purchasing over 3 million shares worth approximately $86 million and paying out about $150 million in dividends [8][10] - A lawsuit settlement resulted in elevated expenses for the quarter, amounting to approximately $3.5 million, but management expects expenses to normalize in the following quarters [81][82] Q&A Session Summary Question: Loan growth and customer base aggressiveness - Management noted that while they are not being more aggressive, they are benefiting from strong markets where their teams are performing well [32][34] Question: M&A opportunities and deal sizes - The company is looking at potential acquisitions in the range of $2 billion to $6 billion, focusing on opportunities that align with their growth strategy [131][132] Question: Deposit pricing and competition - Management indicated that deposit pricing remains competitive but they are able to negotiate slightly lower rates than competitors [56] Question: Impact of sub debt on margin - The removal of sub debt is expected to benefit the net interest margin by about 5 to 6 basis points, with full benefits realized in Q4 [137] Question: Hiring plans - The company does not plan to aggressively hire lenders, preferring to develop talent internally rather than poaching from competitors [120][126] Question: Mortgage banking outlook - The mortgage banking segment has shown variability, with no strong multi-month trends expected until interest rates decrease significantly [90][91]

Ingram Micro (INGM) Update / Briefing July 17, 2025 02:00 PM ET Speaker0Good morning, and thank you for joining us. I'm Willa McMinnon, Vice President of Investor Relations at Ingram Micro. I'm here today with Sanjeev Sahoo, President of our Global Platform Group, who will provide an overview of Xvantage and show you the platform in action. Let me remind you that today's discussion contains forward looking statements within the meaning of the federal securities laws. As noted in this slide, we do not intend ...

In terms of what we know about biology, we’re probably 17 to 20 orders of magnitude away between what we know and what we don't know. We want to see foundation models explode in biology that can understand not just one protein's function, but potentially any protein or any gene, any genome, in any context. We don't have that in biology yet.And so for us to get that right, we need scaled compute, scaled models and the parameters and architectures. And finally scaled data. I think we are living in the most ex ...

There's no shortcuts. If you want to study the entire tree of life, you have to go to where it exists. When it comes to data collection at this scale, the main driver for all of this is how can we get an accurate or as accurate as possible representation of the ground truth biology that exists on our planet.At the scale of the data that we're looking at, that needs to be done by hundreds of millions of CPU hours, with hundreds of millions and billions of annotations on the protein level, the DNA level, taxo ...

All right, welcome back. Well, earlier today we got another pretty good read on the economy, but it's kind of another day where the bond market is not really moving. The 10-year yield is at 4.46% and as we noted yesterday, that's the same price that bond yields were at back in November.So, what's it going to take to get borrowing costs on the move again. Either way, Rick Santelli is in Chicago with the bond report. Rick, yeah, you nailed it.Not only was 445 an important area historically, that's where we we ...