Cactus (NYSE:WHD) Stock

Cactus

Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. The company has two operating segments; Pressure Control, which generates key revenue and Spoolable Technologies.

Cactus Inc

<ul>
<li>Acquisition would offer TELUS Digital shareholders liquidity at a compelling value and enhance TELUS Digital's ability to effectively respond to changing market dynamics</li>
<li>Closer operational integration between TELUS and TELUS Digital to supercharge AI and SaaS transformation across telecommunications, health, agriculture and consumer goods sectors</li>
<li>TELUS Digital to continue as a key enabler to TELUS' growth strategy and operational efficiency</li>
</ul>

News

TELUS Proposes Full Acquisition of TELUS Digital To Accelerate AI And SaaS Transformation Across Core Business Sectors

<ul>
<li>MOBILIZE-1 is the first Phase 3 study being initiated for V181 as part of a planned robust clinical development program</li>
<li>Study will evaluate a single dose of V181 for the prevention of dengue disease caused by any of the four serotypes of the dengue virus regardless of previous exposure</li>
</ul>

Biotech

Large Cap

Health Care

General

Merck Has Initiated MOBILIZE-1 Phase 3 Trial For Single Dose Of V181, An Investigational Quadrivalent Vaccine, For The Prevention Of Dengue Disease Caused By Any Of The Four Dengue Virus Serotypes. Recruitment For The Trial Has Begun, And The First Participants Are Now Enrolling In Singapore

Needham analyst Bernie McTernan reiterates Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from Hold to Hold.

Reiteration

Analyst Ratings

CHWY

Needham Reiterates Hold on Chewyto Hold

CNX Resources Promotes Alan Shepard To President In Addition To His Current Role As CFO

The Trump administration has unveiled a new trade deal framework with China, but experts remain doubtful about its long-term viability and warn that the U.S. may be giving up its strategic advantage in the agreement.
What Happened: The deal aims to de-escalate tensions between the two nations, with both sides agreeing to roll back actions taken since the initial deal was struck on May 12. However, the deal is still pending approval from President Donald Trump and Chinese President Xi Jinping, <a href="https://www.politico.com/news/2025/06/11/trump-announced-another-deal-with-china-will-it-hold-00400288">reported</a> Politico.
Notably, the U.S. has agreed to further concessions, including easing restrictions on the export of certain sensitive products to China and resuming the issuance of student visas for Chinese nationals. In contrast, China has merely reiterated its earlier promise—made a month ago—to lift the blockade on critical mineral shipments. Despite the progress, experts are cautious. Derek Scissors, a senior fellow at the American Enterprise Institute, said, "This is another band aid.&#8221; He warns that China could easily reinstate the blockade on rare earths, a move that could severely impact global supply chains.
Former&nbsp;deputy assistant U.S. Trade Representative&nbsp;Emily Kilcrease&nbsp;believes the deal sets a &#8220;very dangerous precedent&#8221; by potentially weakening U.S. export controls.&nbsp;
Meanwhile, Marc Busch,&nbsp;a professor of international business&nbsp;diplomacy at Georgetown University, adds that China&#8217;s rhetoric remains unchanged, casting doubt on the sustainability of the trade truce. "China has always had this trump card, they know how to use it..,&#8221; cautioned Busch.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/25/06/45896615/us-recession-odds-tumble-to-23-on-crypto-betting-market-after-trump-confirms-china-trade-deal-softer-infla" target="_blank" rel="noreferrer noopener">US Recession Odds Tumble To 23% On Crypto Betting Market After Trump Confirms China Trade Deal, Softer Inflation Numbers</a>
Why It Matters: The recent deal follows the implementation of the Geneva trade consensus, which resulted in a 90-day pause on tariffs imposed on China. This agreement was reached <a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">after two days</a> of high-level discussions in London.
Meanwhile, Treasury Secretary&nbsp;Scott Bessent&nbsp;has suggested that the Trump administration may consider extending the current 90-day tariff pause beyond July 9 for the U.S.&#8217;s top trading partners. This extension, however, is <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45898040/scott-bessent-signals-willingness-to-extend-tariff-pause-for-good-faith-negotiations-trump-thinks-not-a-necessity">contingent </a>on the partners&#8217; &#8220;good faith&#8221; in ongoing trade negotiations.
These developments indicate a potential shift in the U.S.-China trade dynamic, with ongoing negotiations and agreements potentially shaping future trade relations.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45891099/fartcoin-surges-40-in-a-week-on-coinbase-listing-outshines-dogecoin-shiba-inu" target="_blank" rel="noreferrer noopener">Fartcoin Surges 40% In A Week On Coinbase Listing, Outshines Dogecoin, Shiba Inu &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

'This Is Another Band-Aid,' Say Experts, Questioning Long-Term Viability And Efficacy Of US-China Trade Deal: 'China Always Had This Trump Card'

U.S. Marines will deploy to Los Angeles streets within 48 hours with authority to detain civilians, escalating federal-state tensions as California sues to block military involvement in immigration enforcement.
What Happened: President Donald Trump ordered Marines to deploy on Los Angeles streets amid ongoing protests against immigration raids, despite objections from California Governor Gavin Newsom, reported Reuters. The deployment marks the first <a href="https://www.benzinga.com/news/politics/25/06/45830221/gavin-newsom-calls-deployment-of-national-guard-in-los-angeles-unlawful-says-there-was-no-problem-until-trump-got-involved-serious-breach-of-state-sovereignty">federal activation of National Guard </a>without gubernatorial consent since 1965.
The Marines concluded specialized training, including de-escalation and crowd control techniques. Under Title 10 authority, they can temporarily detain individuals interfering with Immigration and Customs Enforcement operations or assaulting federal officers, according to Northern Command.
Army Major General Scott Sherman confirmed Marines will not carry live ammunition in rifles, but will carry live rounds.
The protests erupted in response to a series of immigration raids. ICE operations <a href="https://www.benzinga.com/markets/equities/25/06/45854643/home-depot-targeted-in-immigration-raids-amid-la-protests-threatening-customer-traffic">targeted multiple locations, </a>including The Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) stores in Westlake, Whittier, and Huntington Park.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45898547/openai-looks-to-raise-40-billion-from-global-investors-including-saudi-arabias-pif-indias-reliance-industries-to-accelerate-ai-models-and-stargate-report">OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia&#8217;s PIF, India&#8217;s Reliance Industries To Accelerate AI Models And Stargate: Report</a>
Why It Matters: California filed suit Tuesday seeking a temporary restraining order, with hearings scheduled Thursday in San Francisco federal court.
California Attorney General Rob Bonta warned the federal troop deployment could violate the 1878 Posse Comitatus Act restricting military involvement in civilian law enforcement. The Trump administration contends the president has discretion to determine when &#8220;rebellion or danger of rebellion&#8221; requires a military response. Demonstrations spread nationwide to New York, Atlanta, Chicago, and other major cities. ICE operations averaged 2,000 daily arrests, significantly exceeding the 311 daily average under former President Biden. The escalation occurs as activists plan over 1,800 anti-Trump demonstrations Saturday coinciding with Trump&#8217;s 79th birthday. Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45898644/tim-cook-explains-why-apples-f1-movie-bet-with-lewis-hamilton-serve-more-than-just-iphone-sales">Tim Cook Explains Why Apple&#8217;s &#8216;F1&#8217; Movie Bet With Lewis Hamilton Serves More Than Just iPhone Sales</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

TSLA

Trump Deploys Marines To LA With Authority to Detain Civilians: California Challenges Military Involvement In Immigration Enforcement

Alert confirms uptrend early in the session on a down day for the broad market
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/11194731/Screenshot-2025-06-11-at-3.46.28%E2%80%AFPM-1024x881.png" alt="" class="wp-image-14300" /></figure>
McDonald&#8217;s Corp. (MCD) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:28 AM on June 11th, a significant trading signal occurred for McDonald&#8217;s Corp., (MCD) as it demonstrated a Power Inflow at a price of $300.12. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in McDonald's stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in McDonald&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock's overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for MCD, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts. 
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_June2025">https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_June2025</a>, which are responsible for parts of the data within this article.
After Market Close UPDATE:
The price at the time of the Power Inflow was $300.12. The returns on the High price ($303.20) and Close price ($301.72) after the Power Inflow are respectively 1.0% and 0.5%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.
Past performance is not indicative of future results

Equities

Technicals

Opinion

Signals

Trading Ideas

McDonald's Stock Rises 1% After Key Trading Signal

Editor&#8217;s Note: The story has been updated to include Boeing's comments.
An Air India Boeing 787-8 Dreamliner by&nbsp;Boeing Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) crashed on Thursday near the Ahmedabad airport, with 242 passengers on board. The flight was en route to London Gatwick from Ahmedabad.
What Happened:&nbsp;The Air India flight, AI171, met with a tragic fate during takeoff from the Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
The passenger aircraft, a Boeing 787 Dreamliner with a capacity of 300, crashed in the Meghani area of the city. Thick smoke was seen rising from Dharpur near Meghaninagar, suggesting a major fire likely caused by the substantial fuel load carried for the long-haul flight to London. Emergency response units and fire brigade teams have been deployed to the scene.
Boeing tells Benzinga, &#8220;We are aware of initial reports and are working to gather more information.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on <a href="https://t.co/Fnw0ywg2Zt">https://t.co/Fnw0ywg2Zt</a> and on our X handle (<a href="https://t.co/Id1XFe9SfL">https://t.co/Id1XFe9SfL</a>). -Air India…
&mdash; Air India (@airindia) <a href="https://twitter.com/airindia/status/1933086483142902226?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
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SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45898426/michael-saylor-shrugs-off-quantum-computing-threat-to-bitcoin-warns-companies-like-microsoft-google-more-vulnerable-youll-see-it-coming-a-mile-away" target="_blank" rel="noreferrer noopener">Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: &#8216;You&#8217;ll See It Coming A Mile Away&#8217; </a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are following reports of a crash of Air India flight <a href="https://twitter.com/hashtag/AI171?src=hash&amp;ref_src=twsrc%5Etfw">#AI171</a> from Ahmedabad to London. We received the last signal from the aircraft at 08:08:51 UTC, just seconds after take off. The aircraft involved is a Boeing 787-8 Dreamliner with registration VT-ANB… <a href="https://t.co/EmKKISJldF">pic.twitter.com/EmKKISJldF</a>
&mdash; Flightradar24 (@flightradar24) <a href="https://twitter.com/flightradar24/status/1933086087682904336?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
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</figure>
Why It Matters: This incident adds to the recent challenges faced by Boeing. In 2024, a Boeing 737-800 operated by South Korea's <a href="https://www.benzinga.com/markets/equities/24/12/42716905/boeing-in-spotlight-after-fatal-737-800-crash-in-south-korea-stock-declined-28-amid-deepening-2024-challenges">JejuAir crashed</a>, killing 179 of 181 passengers. This raised serious questions about Boeing&#8217;s safety record and led to a 30% stock decline in the same year.
In May, the U.S. Department of Justice (DoJ) moved to dismiss a <a href="https://www.benzinga.com/markets/equities/25/05/45689735/us-justice-department-seeks-to-dismiss-boeings-fraud-charges-on-737-max-crashes-that-killed-over-300">criminal fraud</a> charge against Boeing, linked to two fatal 737 MAX plane crashes that claimed 346 lives. This decision followed an agreement between Boeing and the Justice Department.
In January 2013, the entire global fleet of Boeing 787 Dreamliners was grounded following a series of safety incidents linked to the aircraft&#8217;s lithium-ion batteries. The U.S. Federal Aviation Administration (FAA) responded by issuing an emergency airworthiness directive, requiring airlines to prove the safety of the batteries before resuming operations. Aviation authorities in Europe, Japan, and other regions quickly followed suit, grounding all Dreamliners operated by eight airlines worldwide. Boeing, while standing by the integrity of the 787, worked with regulators and airlines to develop technical solutions, including redesigning the battery system and adding fireproof containment, before the aircraft was cleared to return to service about three months later
During Thursday&#8217;s pre-market trading session, shares of Boeing declined 7.2%. On a year-to-date basis, it surged 24.51%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/initiation/25/06/45881612/this-coinbase-global-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday" target="_blank" rel="noreferrer noopener">This Coinbase Global Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 7% In Thursday Pre-Market (UPDATED)

Something's shifting in the bond market, with a new wave of unease creeping in, and some of Wall Street's most experienced voices observing a sombre silence.
What Happened: On Wednesday, Spencer Hakimian, the founder of Tolou Capital Management, shared a post on X highlighting a growing consensus among the world&#8217;s leading fixed income traders that U.S. Treasuries are no longer the safe bet that they once were.
According to the screenshot of the Bloomberg article shared by Hakimian, large fixed income operators, such as DoubleLine Capital, Pacific Investment Management Co. (PIMCO), and TCW Group, are all backing away from long-dated U.S. government bonds. 
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45898797/trump-and-jd-vance-push-fed-to-slash-interest-rates-after-mild-inflation-report-calling-current-policy-monetary-malpractice">Trump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy &#8216;Monetary Malpractice&#8217;</a>
They're instead opting for shorter-term Treasuries, citing escalating federal debt and interest-rate risks, highlighting deepening anxiety in the U.S. fiscal trajectory. 
While sharing the screenshot, Hakimian writes, &#8220;The best bond traders in the world telling you straight up to stop buying bonds,&#8221; adding that it&#8217;s because &#8220;our country is bankrupt,&#8221; and no one is bold enough to fix it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The best bond traders in the world telling you straight up to stop buying bonds because our country is bankrupt and no one has the balls to fix it. <a href="https://t.co/ZbJLjWeKro">pic.twitter.com/ZbJLjWeKro</a>
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1932928295407853790?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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In another post on X, just a few minutes before this one, Hakimian highlights the growing U.S. entitlement spending, which he says is going up 15% year-over-year. &#8220;No one cares,&#8221; he says, adding that neither party can implement a solution, as &#8220;we&#8217;re selling bonds into oblivion.&#8221;
&#8220;Our currency has lost all its value against real currencies like Gold and Bitcoin,&#8221; he says, while saying that the U.S. is headed right into the &#8220;graveyard of failed empires&#8221; because of this problem. Hakimian concludes by saying, &#8220;invest accordingly.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Entitlement spending is literally going up +15% Y/Y. No one cares. Neither party can implement a solution. We're selling bonds into oblivion. Our currency has lost all its value against real currencies like Gold and Bitcoin. We're heading right towards the graveyard of… <a href="https://t.co/sUnTPHaAtK">pic.twitter.com/sUnTPHaAtK</a>
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1932923531899134257?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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</figure>
Why It Matters: Several experts and economists have raised concerns regarding America&#8217;s fiscal trajectory, especially in-light of President Donald Trump&#8217;s &#8220;One Big, Beautiful Bill,&#8221; which is expected to make it worse.
Former Treasury Secretary Lawrence Summers recently called the <a href="https://www.benzinga.com/markets/25/05/45686699/larry-summers-issues-stark-warning-the-big-beautiful-bill-is-actually-a-prescription-for-deadly-dangerous-decline">bill a prescription for</a> &#8220;deadly, dangerous decline,&#8221; while calling it a setup for a potential &#8220;Liz Truss moment,&#8221; referring to the former British Prime Minister&#8217;s short reign, which was upended by turmoil in the bond market.
Even Trump-ally, Elon Musk, has come out in <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">criticism of the bill</a>, saying that it "undermines the work" that the Department of Government Efficiency (DOGE) has been doing under his leadership.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45899175/general-motors-cfo-says-4-billion-investment-will-allow-company-to-rebalance-production-amid-trump-tariffs">General Motors CFO Says $4 Billion Investment Will Allow Company To Rebalance Production Amid Trump Tariffs</a></li>
</ul>
Photo courtesy: Shutterstock

Bonds

Wall Street Bond Giants Retreat From Long-Term Treasuries Amid 'Spiraling Federal Debt'

Needham analyst Ami Fadia reiterates Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) from Hold to Hold.

BIIB

Needham Reiterates Hold on Biogento Hold

Matador Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) ("Matador") and its midstream affiliate, San Mateo Midstream, LLC ("San Mateo"), today announced several leadership promotions, effective June 11, 2025.
<ul>
<li>Bryan A. Erman has been promoted to Co-President, Chief Legal Officer and Head of M&amp;A</li>
<li>William D. Lambert has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy</li>
<li>Brian J. Willey has been promoted to Executive Vice President – Midstream of Matador and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo</li>
<li>Robert T. Macalik has been promoted to Executive Vice President – Administration and Finance of Matador and Executive Vice President and Chief Financial Officer of San Mateo</li>
</ul>

Management

MTDR

Matador Resources Promotes William Lambert To EVP, CFO And Head Of Strategy, Effective June 11, 2025

Needham analyst Scott Berg reiterates Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Buy and maintains $25 price target.

Price Target

Needham Reiterates Buy on Pros Holdings, Maintains $25 Price Target

Metalpha Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) ("Metalpha" or the "Company"), a leading digital asset-focused wealth management company, today announced the successful completion of the LSQ Investment Fund SPC – Next Generation Fund I SP (the "Fund"), which delivered exceptional results over its two-year investment period.
The Fund, managed by Metalpha's SFC Type 9 licensed subsidiary LSQ Capital Limited, commenced trading activities in late March 2023. From late March 2023 to March 2025, the Fund achieved a net asset value (NAV) performance of 375.5%, outperforming BTC by 67.3%, as tracked under by Bloomberg (ticker: LSQNEXI).
"The performance of Fund exemplifies our commitment to delivering strong investment outcomes through deep market insight, prudent risk management, and close collaboration across our partners," said Mr. Adrian Wang, CEO of Metalpha. "We're proud to have created significant value for our investors and will continue to pursue innovative and compliant solutions in the digital asset space."
Following the conclusion of the Fund's lifecycle, Metalpha is glad to transfer all of its 40% equity interest in NextGen&nbsp;Digital Venture Limited to Mr. Jason Huang, a key contributor to the Fund's success. The Company believes this transition will further strengthen the strategic cooperation between the Company and NextGen and ensure continued excellence in fund management and innovation. The proposed transaction and the terms of which have been reviewed and approved by the board of directors of the Company.

MATH

Metalpha Closes High-Performing Fund, Transfers Stake to Key Partner to Boost Future Growth

Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced the pricing of $650 million aggregate principal amount of 1.00% convertible senior notes due 2030 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933,&nbsp;as&nbsp;amended&nbsp;(the&nbsp;"Securities&nbsp;Act").&nbsp;Etsy also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $50 million aggregate principal amount of notes.&nbsp;The sale of the notes is expected to close on June 16, 2025, subject to customary closing conditions.
The notes will be general unsecured obligations of Etsy and will accrue interest payable semiannually in arrears on June 15 and December 15 of each year, beginning on December 15, 2025, at a rate of 1.00% per year. The notes will mature on June 15, 2030, unless earlier converted, redeemed or repurchased. The initial conversion rate will be 11.6570 shares of Etsy's common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $85.79 per share). The initial conversion price of the notes represents a premium of approximately 42.5% over the last reported sale price of Etsy's common stock on June 11, 2025. The notes will be convertible into cash, shares of&nbsp;Etsy's common stock or a combination of cash and&nbsp;shares of&nbsp;Etsy's&nbsp;common&nbsp;stock,&nbsp;at&nbsp;Etsy's election.&nbsp;
Etsy estimates that the net proceeds from the offering will be approximately $639.3 million (or approximately $688.5 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discount and estimated offering expenses payable by Etsy. Etsy expects to use approximately $150.0 million of the net proceeds from the offering to repurchase shares of Etsy's common stock as described below, and the remainder of the net proceeds from the offering for general corporate purposes, which may include the repayment or repurchase, at or prior to maturity, of our existing debt securities.

ETSY

Etsy Prices $650M Aggregate Principal Amount Of 1.00% Convertible Senior Notes Due 2030 In Private Placement

NexGen Energy Ltd.&nbsp; (TSX:<a href="https://www.benzinga.com/stock/NXE#TSX">NXE</a>) (NYSE:<a href="https://www.benzinga.com/stock/NXE#NYSE">NXE</a>) (ASX: NXG)&nbsp;("NexGen" or the "Company")&nbsp;is pleased to announce that the Saskatchewan Ministry of Environment has granted approval for NexGen's 2025 Site Program (the "Program") at its 100%-owned Rook I Property in the Athabasca Basin, Saskatchewan. The Program includes the establishment of a temporary exploration airstrip, expansion of the exploration accommodation camp facilities by 373 beds and site access road improvements.
The Program will commence in the coming weeks and conclude with camp commissioning in Q1 2026. This program builds on NexGen's disciplined, strategic approach to implementing infrastructure enhancements required to support the Company's exploration programs at PCE and that forecast across NexGen's dominant land package in northwestern Saskatchewan into the future.
The drill results of high-grade basement hosted mineralization discovered at PCE 3.5km east from the Arrow deposit indicate another significant scale zone "Arrow style" of mineralization is materializing and warrant these infrastructure enhancements incorporating best practice safety and environmental principles.
Incorporating NexGen's longstanding approach to economic capacity building, the Program will prioritize Local Priority Area participation, generating new employment and contracting opportunities for Indigenous and community members, reflecting NexGen's industry leading and genuine approach to local communities.

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NexGen Gets Green Light for Major Site Expansion in Saskatchewan to Support New Uranium Discovery

Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) CEO Christian Scherer says the aircraft manufacturer can reach its 2025 delivery target despite delays due to supply chain issues.
What Happened: The company, which is targeting 820 aircraft deliveries in 2025, is "cautiously hopeful" despite over 40 aircraft frames waiting to be fitted with engines, Reuters reported on Thursday.
"We haven&#8217;t changed our (delivery) guidance. I caution you not to extrapolate too much from monthly numbers. There is a gradual increase in output of engines that we get from CFM. The reason we have not changed our outlook for the year is because we believe that between now and the end of the year we will get the engines,&#8221; Scherer said.
The aircraft manufacturer sources its engines from CFM, which also supplies the engines that power Boeing Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 Max Aircraft.
Scherer says Airbus can meet its production target of 75 units of single-isle aircraft like the Airbus A320 by 2027. "We are just cruising past 60 (a month). We are trending in the right direction into the 60s," the report said.
Why It Matters: The news comes in as the global aircraft industry is dealing with <a href="https://www.benzinga.com/25/02/43865891/elon-musks-involvement-key-to-solving-boeings-air-force-one-delivery-crisis-report">supply chain constraints</a>. Recently, Boeing <a href="https://www.benzinga.com/tech/25/04/44896693/boeing-secures-new-stocks-of-crucial-nuts-and-bolts-used-in-737-max-production-amid-chinas-import-ban-report">replenished its stockpile</a> of crucial nuts used in the production of its best-selling 737 Max aircraft.
Boeing has endured a tough spell in recent years over quality control and safety issues with its aircraft. Most recently, A London-bound <a href="https://www.benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-ba-stock-falls-over-5-in-thursday-pre-market">Boeing 787 Dreamliner</a> aircraft operated by Air India crashed moments after it took off from Ahmedabad in India&#8217;s Gujarat state on Thursday. The flight was said to be carrying over 240 people onboard.
The FAA, or Federal Aviation Administration, also recently proposed a flightworthiness report for the company after <a href="https://www.benzinga.com/25/04/44811150/faulty-bathroom-latches-could-cost-boeing-34-million-following-faa-directive">faulty bathroom latches</a> resulted in a passenger being stuck inside the lavatory of a Boeing aircraft during a flight.
Airbus recently <a href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition">finalized a deal</a> with Spirit Aerosystems Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) to acquire assets of the company, including a facility in Kinston, North Carolina, as well as another facility in France. Spirit was recently acquired by Boeing.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45831511/boeing-737-max-deliveries-to-china-restart-after-month-long-pause-amid-trade-tensions-with-us-over-trumps-tariffs">Boeing 737 MAX Deliveries To China Restart After Month-Long Pause Amid Trade Tensions With US Over Trump&#8217;s Tariffs</a></li>
</ul>
Photo courtesy: Manuel Esteban / Shutterstock.com

EADSF

Boeing Rival Airbus Says It Can Hit 2025 Delivery Goals Amid Delays Caused By Supply Chain Constraints

Needham analyst Mike Cikos maintains Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) with a Buy and raises the price target from $130 to $140.

DDOG

Needham Maintains Buy on Datadog, Raises Price Target to $140

ADC Therapeutics SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced updated data&nbsp;from the LOTIS-7 Phase 1b open-label clinical trial evaluating the safety and efficacy of ZYNLONTA&#xAE;&nbsp;in combination with the bispecific antibody glofitamab (COLUMVI&#xAE;) in patients with relapsed or refractory diffuse large B-cell lymphoma (r/r DLBCL) to be presented at the European Hematology Association 2025 Congress (EHA2025) in Milan, Italy. The Company will host a conference call and webcast featuring LOTIS-7 trial principal investigator and EHA presenting author, Juan Alderuccio, MD, Clinical Site Disease Group Leader, Lymphoma Section, at Sylvester Comprehensive Cancer Center, part of the University of Miami Miller School of Medicine today at 8:00 a.m. ET to discuss the results. To access the conference call, please register <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4447834-1&amp;h=1413992372&amp;u=https%3A%2F%2Fapp.webinar.net%2FRp8ZqrVqKdQ&amp;a=here">here</a>.
&nbsp;
"The data seen in this study with the combination of ZYNLONTA and glofitamab has shown a manageable safety profile along with strong efficacy data from patients with relapsed or refractory DLBCL, with complete responses observed regardless of prior therapy, including CAR-T," said Mohamed Zaki, MD, PhD, Chief Medical Officer of ADC Therapeutics. "The combination of these two anti-cancer agents holds significant promise for advancing the treatment landscape and addressing unmet need in patients with these hard-to-treat lymphomas."
The presentation highlights updated data as of April 14, 2025, in which r/r LBCL patients received dose levels of 120 µg/kg or 150 µg/kg of ZYNLONTA plus the bispecific antibody glofitamab, with 41 patients evaluable for safety and 30 patients evaluable for efficacy.
Key highlights of the LOTIS-7 data presentation are as follows:
<ul>
<li>Best overall response data among the 30 efficacy evaluable patients shows overall response rate (ORR) of 93.3% (28/30 pts) as assessed by Lugano Criteria</li>
<li>Complete response (CR) rate of 86.7% (26/30 pts)
<ul>
<li>Of these, 25/26 patients achieving CR remain in CR as of the data cut-off
<ul>
<li>Median time to CR in 120 µg/kg = 80 days</li>
<li>Median time to CR in 150 µg/kg = 42 days</li>
</ul>
</li>
</ul>
</li>
<li>12 patients converted from stable disease (SD) or partial response (PR) to CR over time (1 and 11 pts respectively)</li>
<li>Of the 6 patients previously treated with CAR-T and undergoing response assessment, 5 achieved a CR</li>
<li>Among the 41 safety&nbsp;evaluable patients, the combination was generally well tolerated with a manageable safety profile and no DLTs across dose levels
<ul>
<li>Grade 3 or higher treatment emergent adverse events (TEAEs) observed in &gt; 5% of patients included neutropenia (24.4%), anemia (9.8%), AST increased (7.3%), GGT increased (7.3%), and thrombocytopenia (7.3%)</li>
<li>In the 150 µg/kg dose, cytokine release syndrome (CRS) (23.8%), all of which were Grade 1, and immune effector cell-associated neurotoxicity syndrome (ICANS) (4.8%), with one case of Grade 2, were observed</li>
<li>In the 120 µg/kg dose, CRS all grades (55%), all of which were Grade 1/2 except one case of Grade 3, and ICANS (10%), with one case of Grade 1 and one case of Grade 2, were observed</li>
<li>TEAEs leading to discontinuation included 3 each for&nbsp;ZYNLONTA and glofitamab</li>
<li>There were no Grade 5 TEAEs observed</li>
</ul>
</li>
</ul>

ADCT

ADC Therapeutics Reports 93% Response Rate in Lymphoma Drug Trial, Including CAR-T Resistant Patients

Teleflex Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFX#NYSE">TFX</a>), a leading global provider of medical technologies, today announced findings from a new multinational study reporting efficacy of Arrow&#x2122; Chlorhexidine-Impregnated Central Venous Catheters (CVCs). This prospective cohort study included more than 6,670 patients from 12 Intensive care units in eight hospitals across India, Malaysia, Papua New Guinea, Colombia, Egypt and Turkey.
Key highlights include:
<ul>
<li>The pre-specified CVC subgroup analysis evaluated the impact of Chlorhexidine-impregnated CVCs on CLABSI rates using CLABSI rates per 1,000 CL (central-line)-days.</li>
<li>70.5% reduction in the incidence of CLABSI in patients with Arrowg+ard Blue&#x2122; and Arrowg+ard Blue Plus&#x2122; CVCs vs. plain (non-impregnated) catheters.</li>
<li>Lower incidence of infection-causing pathogens with Chlorhexidine-impregnated CVCs, including gram-negative and gram-positive bacteria and fungi.</li>
<li>Insertion training and the use of maximal barrier precautions were similar across both groups, eliminating technique variability as a confounding factor.</li>
<li>Use of an unprotected CVC may be an independent risk factor for CLABSI when compared to patients with Chlorhexidine-impregnated CVCs. &nbsp;</li>
</ul>
The study's CVC analysis demonstrated a statistically significant reduction in CLABSIs of 70.5% in patients receiving the impregnated antimicrobial catheters. These patients had longer average length of ICU stay and device utilization ratios, indicating frequent and extended use. Despite this, infection remained significantly lower, underscoring the potential benefit of the antimicrobial technology even in high-risk patients. Acknowledging potential variations in patients and characteristics across study hospitals and the lack of a metric (e.g., Standard Infection Ratio) to adjust for these factors in the countries in the study, the authors noted that the study data nonetheless provides "significant evidence" regarding impregnated CVCs.

Teleflex Catheters Cut ICU Infection Risk by Over 70%, Study Finds in 6-Country Trial

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