Agenus (NasdaqCM:AGEN) Update / briefing January 28, 2026 04:00 PM ET Company ParticipantsGaro Armen - Chairman and CEOJose Iglesias - Chief Medical Affairs OfficerRobin Jones - Sarcoma SpecialistRobin Taylor - Chief Commercial OfficerStefanie Nacar - Chief Communications and Government Relations OfficerSteven O'Day - Chief Medical OfficerStefanie NacarGood afternoon, everyone, and thank you for joining us today. I'm Stefanie Perna-Nacar, Chief Communications Officer at Agenus, and welcome to our first stak ...

Summary of Key Points from the Conference Call Industry Overview - The discussion primarily revolves around the U.S. economy and the Federal Reserve's monetary policy, focusing on employment, inflation, and economic growth. Core Insights and Arguments - **Economic Growth**: The U.S. economy expanded at a solid pace, with consumer spending remaining resilient and business fixed investment continuing to grow. However, the housing sector has shown weakness [2][3]. - **Labor Market**: The unemployment rate was stable at 4.4%, with job gains averaging 22,000 per month in non-farm payrolls. Private payrolls increased by an average of 29,000 per month, indicating some stabilization in the labor market [2][3][10]. - **Inflation Trends**: Inflation has eased from its mid-2022 highs but remains elevated. The total PCE prices rose by 2.9% over the past year, while core PCE prices increased by 3.0%. The elevated inflation is largely attributed to the goods sector, influenced by tariffs, while disinflation is observed in the services sector [3][4][39]. - **Monetary Policy Stance**: The Federal Open Market Committee decided to maintain the federal funds rate target range at 3.5%-3.75%. This decision follows a cumulative reduction of 75 basis points over the previous three meetings, aimed at stabilizing the labor market and guiding inflation towards the 2% target [4][5]. - **Future Rate Adjustments**: The Fed is positioned to adjust the policy rate based on incoming data and evolving economic conditions. The committee emphasized a meeting-by-meeting approach to decision-making [5][27]. - **Tariff Impact**: The effects of tariffs on goods prices are expected to peak and then decline, contributing to a one-time price increase rather than ongoing inflation. The Fed anticipates that as tariff effects diminish, it may allow for policy loosening [39][81]. Additional Important Insights - **Consumer Sentiment**: There is a disconnect between consumer sentiment surveys, which indicate negative perceptions of the economy, and actual consumer spending data, which remains strong [70][75]. - **AI and Labor Market**: The impact of AI on the labor market is being closely monitored, with concerns that it may supplant entry-level jobs. However, technological advancements are also expected to increase productivity over time [76][77]. - **Fiscal Policy Concerns**: The U.S. federal budget deficit is on an unsustainable path, which could pose long-term risks to the economy. The Fed emphasizes the need for addressing fiscal challenges [57][58]. - **Geopolitical Risks**: Geopolitical risks, particularly related to energy prices, are acknowledged, but the current economic outlook remains stable despite global uncertainties [85][86]. This summary encapsulates the key points discussed in the conference call, highlighting the current state of the U.S. economy, labor market dynamics, inflation trends, and the Federal Reserve's monetary policy approach.

Expeditors International of Washington (NYSE:EXPD) Update / briefing January 28, 2026 12:00 PM ET Company ParticipantsKatherine Brown - Senior Compliance SpecialistNone - Company RepresentativeNoneAll right, we are at the hour, so we'll go ahead and get started for everybody. Hi, my name is Alex. Thank you for joining today, our Getting Started with the Customs ACE Portal webinar. This is a local webinar that's hosted by the Salt Lake City office. We primarily support the Utah and Las Vegas metro areas, but ...

Summary of Goldsky Resources Conference Call Company Overview - **Company Name**: Goldsky Resources (formerly First Nordic Metals) - **Recent Development**: Acquisition of 100% ownership of the Barsele project in Sweden announced on January 28, 2026 [1][3] Key Points and Arguments Acquisition Details - Goldsky Resources acquired the remaining 55% of the Barsele project from Agnico Eagle, which previously held this stake in a joint venture [3] - The acquisition includes a $20 million cash component and a 2% royalty that can be bought back for $50 million [3][4] - Post-acquisition, Agnico Eagle will hold a 32.5% stake in Goldsky Resources, establishing a significant partnership [4][31] Project Overview - The Barsele project spans 25,000 hectares and is located 600 kilometers north of Stockholm [6] - The project has an indicated and inferred resource of 2.1 million ounces of gold, with good ore body geometry and metallurgy showing recoveries of over 92% [6][10] - The site has both exploration and exploitation permits, indicating its readiness for mining activities [6][12] Historical Context and Work Done - Over the past ten years, 174,000 meters of drilling have been completed, providing a solid understanding of the ore body and surrounding region [7][8] - The project has undergone extensive geological studies, including soil sampling and drilling, which have identified significant gold-bearing structures [13][44] Infrastructure and Community Engagement - The Barsele project benefits from excellent infrastructure, including proximity to roads, rail, and hydropower, making it a favorable location for mining operations [17][19] - The local community has been supportive of mining activities, and Goldsky plans to continue engaging with the community and maintaining environmental monitoring efforts [19][20] Future Plans and Exploration - Goldsky plans to integrate with Agnico Eagle's team over a nine-month period to leverage their expertise [38] - A significant drilling program is planned for 2026, with an estimated 40,000 to 60,000 meters of drilling to expand the resource and understand the ore body better [25][41] - A Preliminary Economic Assessment (PEA) is expected to be initiated in Q2 2026, which will evaluate the project's potential and inform future development [26][27] Strategic Positioning - The Barsele project is positioned within a gold belt, with potential for further exploration in surrounding areas like Risberget, which has shown promising results [21][43] - Goldsky aims to transition from an exploration company to a development company, leveraging its experienced team to unlock value from the Barsele project [31][34] Additional Important Information - The acquisition is seen as transformational for Goldsky, marking a shift in its operational focus and strategy [30] - The company is well-funded, with an $80 million raise completed, allowing for extensive exploration and development activities [24][34] - The management team emphasizes the importance of responsible development and community engagement as they move forward with the Barsele project [47][48]

Summary of Werner Enterprises Conference Call on FirstFleet Acquisition Company and Industry - **Company**: Werner Enterprises (NasdaqGS: WERN) - **Industry**: Trucking and Transportation Key Points and Arguments Acquisition Announcement - Werner Enterprises announced the acquisition of FirstFleet, a leading dedicated trucking company in the U.S., for **$245 million** [2][14] - The acquisition is expected to strengthen Werner's platform and position the company for sustainable, profitable growth [3][12] Strategic Importance - The acquisition establishes Werner as the **fifth-largest dedicated carrier** in the U.S. and expands its scale across the eastern half of the country [3][6] - FirstFleet generated over **$615 million** in annual revenue for the twelve months ending September 30, 2025, operating approximately **2,400 tractors** and **11,000 trailers** [5][6] - The combined revenues of Werner and FirstFleet are projected to increase from approximately **$3 billion** to **$3.6 billion**, marking a **20% increase** in total revenues [6][12] Revenue Mix Shift - The acquisition shifts Werner's revenue mix towards dedicated trucking, increasing its share from **43%** to **52%** of total revenues [6][8] - One-way truckload and logistics will account for approximately **22%** and **24%** of total revenues, respectively [6] Customer Base and Market Diversification - FirstFleet has strong relationships with top-tier customers, enhancing Werner's exposure to resilient end markets such as grocery, bakery, and corrugated packaging [9][11] - The average tenure of FirstFleet's top 10 customers is **17 years**, indicating strong customer loyalty [10] Financial Impact - The acquisition is immediately accretive to EPS, with expected annual synergies of approximately **$18 million**, primarily from procurement efficiencies and operating efficiencies [14][16] - The transaction is expected to drive a **30% increase** in TTS and almost a **50% increase** in dedicated revenues [6][12] Integration and Future Plans - FirstFleet will operate as a business unit within Werner's TTS segment, with its management team largely remaining in place [14][15] - The integration is expected to enhance operational efficiencies and improve asset utilization [10][12] Cultural Fit and Long-term Strategy - There is a strong cultural alignment between Werner and FirstFleet, focusing on safety, service, and innovation [17][12] - Werner aims to continue its transition towards a dedicated business model while maintaining its one-way fleet size [39][40] Market Outlook - The dedicated trucking market is estimated to be a **$30 billion+** addressable market, with opportunities for growth as market conditions improve [8][53] - Werner plans to leverage FirstFleet's capabilities to enhance service offerings and customer satisfaction [88][89] Additional Important Information - The acquisition was funded using cash on hand and existing credit facilities, with modest leverage expected post-acquisition [14][23] - The average age of FirstFleet's fleet is similar to Werner's, with no significant CapEx catch-up anticipated [94][99] - The branding strategy for FirstFleet will be evaluated over time, with no immediate plans to change the brand name [96][97] This summary encapsulates the key points discussed during the conference call regarding Werner Enterprises' acquisition of FirstFleet, highlighting the strategic, financial, and operational implications of the deal.

Summary of Terex Corporation's Extraordinary General Meeting Company Overview - **Company**: Terex Corporation (NYSE:TEX) - **Event**: Extraordinary General Meeting held on January 28, 2026 Key Points Discussed Merger Proposal - The primary agenda was to approve the issuance of shares of Terex common stock to REV Group stockholders as part of the proposed merger between Terex and REV Group [3] - The board of directors unanimously recommended that stockholders vote in favor of this proposal [3] - The proposal required a majority of votes cast for approval, which was achieved as indicated by the preliminary report [3] Voting Process - A quorum was established for the meeting, with sufficient shares represented to conduct business [2] - Stockholders unable to attend in person were able to vote by proxy, and those attending online had the option to change their votes during the meeting [2] Meeting Conclusion - The final vote tabulation will be included in Terex's current report on Form 8-K, which will be filed with the SEC within four business days [4] - The meeting concluded without further business, and attendees were informed that a company representative would follow up on any submitted questions [4][5] Additional Important Information - The merger is described as a transformational transaction for Terex, indicating significant strategic implications for the company [1] - Acknowledgment of the hard work and dedication of team members and the support from customers and stockholders was emphasized by the Non-Executive Chairman [1]

Summary of REV Group's Extraordinary General Meeting Company Overview - **Company**: REV Group (NYSE: REVG) - **Event**: 2026 Extraordinary General Meeting - **Date**: January 28, 2026 Key Points Merger Proposal - The primary agenda was the proposed merger between REV Group and Terex, with stockholders voting on the adoption of the merger agreement and the approval of the first merger [3][4] - The Board of Directors unanimously recommended a vote in favor of the merger agreement [3] Compensation Advisory - A proposal was made regarding the approval of compensation for REV Group's named executive officers related to the merger transactions, which was also unanimously recommended by the Board [4] Adjournment Proposal - The third item discussed was the proposal to approve the adjournment or postponement of the meeting if necessary to solicit additional proxies, which received unanimous support from the Board [4] Voting Results - A total of 48,806,145 shares of REV Group common stock were entitled to vote, and a quorum was present [2] - The merger agreement proposal received a majority affirmative vote, thus it was approved [7] - The advisory compensation proposal also received majority support [8] - The adjournment proposal was approved as well, allowing for potential future solicitation of proxies if needed [9] Meeting Conduct - The meeting was conducted in accordance with the agenda and rules of conduct, with stockholders able to submit questions through a web portal [5][6] - No questions were submitted during the meeting [6] Final Reporting - The final voting results will be reported on Form 8-K to the SEC within four business days following the meeting [9] Additional Notes - The meeting emphasized the importance of stockholder engagement in the merger process and the significance of their votes [1]

Stock Yards Bancorp (NasdaqGS:SYBT) M&A announcement January 28, 2026 09:00 AM ET Company ParticipantsClay Stinnett - CFOJay Hillebrand - Chairman and CEOPhil Poindexter - PresidentTerry McEvoy - Managing DirectorYnyra Bohan - Equity Research AssociateZach Ingebrigtson - Equity Research AssociateConference Call ParticipantsKelly Motta - Director and Equity Research AnalystOperatorHello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like ...

Birkenstock (NYSE:BIRK) 2026 Capital Markets Day January 28, 2026 09:00 AM ET Company ParticipantsDavid Kahan - President of the AmericasIvica Krolo - CFOKlaus Baumann - President of APACMegan Kulick - Director of Investor RelationsNico Bouyakhf - President of EMEAOliver Reichert - CEONone - Video NarratorConference Call ParticipantsAnna Andreeva - AnalystDana Telsey - AnalystJanine Stichter - AnalystJay Sole - AnalystKrisztina Katai - AnalystLaurent Vasilescu - AnalystLorraine Hutchinson - AnalystMatthew B ...

Apollo Commercial Real Estate Finance (NYSE:ARI) Update / briefing January 28, 2026 08:30 AM ET Company ParticipantsJade Rahmani - Managing Director of Commercial Real Estate FinanceStuart Rothstein - CEOTom Catherwood - Managing Director of REITs Equity ResearchConference Call ParticipantsDoug Harter - Equity Research AnalystHarsh Hemnani - Senior AnalystOperatorI'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Est ...