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PEG News11 articles
PSEG's $960M Energy Savings Highlight Ahead of Q1 Earnings
PSEG announces its energy-efficiency programs are saving New Jersey customers nearly $960 million per year, with over 500,000 households enrolled since October 2020.
Trade Desk Shares Recover After Publicis Settlement, Yet Growth Hurdles Loom
The Trade Desk shares gained 2.01% after settling a dispute with Publicis, removing a key overhang, but the stock still trades near its 52-week low as Q2 results approach.
SpaceX Record IPO Sets Stage for OpenAI and Anthropic Public Listings
SpaceX's record IPO at $75 billion, valuing it at $1.77 trillion, sets a new benchmark as OpenAI and Anthropic prepare for their own public offerings.
Anthropic Takes Confidential Step Toward Public Listing Amid AI Boom
Anthropic has confidentially filed for an IPO, revealing its $965 billion valuation and $47 billion run-rate revenue. The move positions it ahead of rivals like OpenAI in the race to public markets.
Insurance Sector Diverges: Old Republic Slips, Mercury General Holds Steady
Old Republic International (ORI) saw its stock fall 9.4% after Q1 revenue missed estimates, while Mercury General (MCY) beat earnings but shares stayed flat. The P&C sector faces headwinds from climate losses and social inflation.
OpenAI Nears Public Debut, IPO Filing Imminent
OpenAI is set to confidentially file for an IPO, aiming for a September listing. A recent court victory removes a major hurdle, boosting its private market value.
LiveRamp Surges on Publicis $2.5 Billion Cash Acquisition Offer
LiveRamp shares soared after Publicis Groupe announced a $2.5 billion cash takeover, signaling a major bet on data collaboration for AI-powered marketing.
Xanadu Quantum Posts Wider Loss in First Public Earnings Report
Xanadu Quantum Technologies posted Q1 revenue of $2.8M, up from $0.7M a year ago, but net loss widened to $20.6M. Shares fell over 3% after hours.
Old Republic International: Undervalued Amid Digital Transformation and Market Risks
Old Republic International (ORI) closed at $39.90, below its $42.50 fair value, as the insurer focuses on digitalization and AI to improve efficiency and margins. Risks include title insurance volatility and weaker real estate activity.
Nvidia's Huang Signals Final AI Bets as OpenAI, Anthropic Eye Public Listings
Nvidia's CEO stated the chipmaker's major investments in OpenAI and Anthropic are probably its final stakes before the AI startups go public. The move comes as both companies face contrasting government pressures.
Fortescue Gains as Wyloo Mine Enters Public Review, Results Loom
Fortescue shares advanced slightly as regulators began a public feedback period for its proposed Wyloo North iron ore mine. Investors are focused on the upcoming comment deadline and the company's half-year financial report.