Axsome Therapeutics to Ring the NASDAQ Stock Market Opening Bell Today
Herriot Tabuteau, MD, Chief Executive Officer of Axsome said, 'We are thrilled to ring NASDAQ's opening bell in connection with our Frontiers in Brain Health R&D Day today, showcasing our pioneering work across our pipeline of innovative, late-stage CNS product candidates, and commemorating the recent availability of SYMBRAVO® by prescription in the U.S. With our growing portfolio of differentiated on-market medicines, and our pipeline of potentially transformative investigational medicines, Axsome is defining the future of clinical practice in brain health to improve the lives of the millions of patients living with serious and difficult-to-treat CNS conditions.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
25 minutes ago
- Toronto Star
Greif to Close Steel and Polymer Facility in Merced, California
DELAWARE, Ohio, Aug. 01, 2025 (GLOBE NEWSWIRE) — Greif (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it will permanently close the steel and polymer drum facility in Merced, California as part of its previously announced optimization efforts. The facility is expected to cease operation in September 2025. 'Making the decision to close a facility is always difficult' said Greif President and CEO Ole Rosgaard. 'I want to express my deep gratitude to our colleagues in Merced for their hard work over the years and the positive impact they've had on the company and surrounding community. We are committed to doing everything we can to make this transition as easy as possible, including providing severance packages and career placement services.'
Toronto Star
25 minutes ago
- Toronto Star
Bitget Surges to 7.2% Global Derivatives Market Share, Ranks Top 3 Highlights Bitcoin.com Report
VICTORIA, Seychelles, Aug. 01, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today co-releases with an educational flagship titled 'Crypto Derivatives 101 – Market Breakdown: Who's Winning the Race?' designed to help newcomers navigate the fast-growing derivatives market, the guide also highlights Bitget's leadership as its market share doubles to 7.2% in 2025, up from 4.6% year‑to‑date. As detailed in the newly released report, Bitget has emerged as the third-largest derivatives exchange globally by trading volume. In April 2025 alone, the platform processed $92 billion in futures volume. Bitget's market share rose from 4.6% at the beginning of the year to 7.2%, placing it just behind Binance and OKX. While Binance continues to lead with a 38% share, Bitget's rapid ascent reflects both strong retail engagement and increasing institutional preference, particularly for ETH-based derivatives, where Bitget has surpassed Binance in liquidity within key trading ranges.
Cision Canada
25 minutes ago
- Cision Canada
Oppenheimer Holdings Inc. Reports Second Quarter 2025 Earnings
NEW YORK, Aug. 1, 2025 /CNW/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $21.7 million or $2.06 basic earnings per share for the second quarter of 2025, compared with net income of $10.3 million or $0.99 basic earnings per share for the second quarter of 2024. Revenue for the second quarter of 2025 was $373.2 million, an increase of 12.9%, compared to revenue of $330.6 million for the second quarter of 2024. , President and CEO commented, "The Firm's improved operating results for the quarter showcase the strength of our businesses and the maturing of investments in experienced team members over the past several years. At the outset of the quarter, recession fears mounted as announced policies on trade drove significant market volatility and triggered a large selloff in the equity markets. As tariffs were suspended, the markets broadly rallied with both the NASDAQ and S&P 500 reaching new record highs to close out the quarter. Concerns remained over tariff-induced inflation, a potentially softening labor market and conflict in the Middle East. Rising markets proved quite favorable to our Wealth Management business revenue, with the rally driving assets under management ("AUM") to a fresh record, resulting in higher asset-based advisory fees when compared with the prior year period. Retail trading volumes, driven by investor interest, also remained robust, boosting commission revenue. However, the fees we earn on our FDIC sweep program are reduced from the prior year period due to lower deposit balances as clients sought higher returns in money market funds and other investments. The Capital Markets businesses showed a substantial increase in total revenue. Institutional trading volumes were strong during the quarter due in part to increased volatility, which buoyed our sales and trading revenue. Investment Banking revenue also improved on the back of more advisory assignments that closed in the quarter and robust underwriting levels as capital markets re-opened. We are hopeful that higher deal volumes will continue in the latter half of the year as policymakers firm up key trade policy decisions and concerns around recession recede. The Firm continues to maintain an unlevered balance sheet and ended the quarter with its capital reaching yet another all-time high. As we move into the second half of the year, we remain optimistic about our capabilities and our ability to continue delivering high quality services to our clients." (1) Attributable to Oppenheimer Holdings Inc. (2) Represents book value less goodwill and intangible assets divided by number of shares outstanding. Highlights Increased revenue for the second quarter of 2025 was primarily driven by significantly higher investment banking revenue due to an uptick in underwriting volumes and larger advisory mandates, an increase in transaction-based commissions and greater advisory fees attributable to a rise in billable AUM Rising markets lifted assets under administration and under management to fresh records at June 30, 2025 Compensation expenses increased from the prior year quarter largely as the result of higher production and salary-related expenses Non-compensation expenses increased from the prior year quarter primarily due to higher technology related expenses and greater travel and other miscellaneous costs Total stockholders' equity, book value and tangible book value per share reached new record highs as a result of positive earnings Wealth Management Wealth Management reported revenue for the current quarter of $246.4 million, 5.1% higher compared with the prior year period. Pre-tax income was $62.8 million in the current quarter, a decrease of 2.2% compared with a year ago. Financial advisor headcount at the end of the current quarter was 927, compared to 934 at the end of the second quarter of 2024. Revenue: Retail commissions increased 3.6% from the prior year period primarily due to higher retail trading activity Advisory fees increased 7.2% due to higher AUM during the billing period Bank deposit sweep income decreased $6.2 million from a year ago due to lower cash sweep balances and lower short-term interest rates Interest revenue was flat compared to the prior year period Other revenue increased from a year ago primarily due to an increase in the cash surrender value of Company-owned life insurance policies, which fluctuates based on changes in the fair value of the policies' underlying investments Assets under Management (AUM): AUM reached a record high of $52.8 billion at June 30, 2025, which is the basis for advisory fee billings for July 2025 The increase in AUM from the prior year period was comprised of higher asset values of $8.9 billion on existing client holdings, offset by net distributions of $3.6 billion Total Expenses: Compensation expenses increased 7.1% from the prior year period primarily due to higher production related expenses and higher deferred compensation costs, partially offset by lower expenses associated with share appreciation rights Non-compensation expenses increased 9.7% from a year ago primarily due to an increase in interest and other miscellaneous expenses Capital Markets Capital Markets reported revenue for the current quarter of $123.0 million, 33.5% higher when compared with the prior year period. Pre-tax loss was $3.9 million compared with a pre-tax loss of $21.8 million a year ago. Revenue: Investment Banking Advisory fees earned from investment banking activities increased 83.0% compared with the prior year period due to increased deal volumes and larger mandate sizes Equities underwriting fees increased 9.1% compared with the prior year period primarily due to higher underwriting fees associated with larger deal sizes Fixed income underwriting fees increased 115.3% compared with the prior year period primarily due to higher corporate and sovereign issuance activity levels Sales and Trading Equities sales and trading revenue increased 20.2% compared with the prior year period mostly due to higher trading volumes and greater options-related commissions revenue Fixed income sales and trading revenue increased 23.6% compared with a year ago largely due to higher trading volumes and interest income on trading inventory Total Expenses: Compensation expenses increased 10.0% compared with the prior year period largely due to greater production-related expenses Non-compensation expenses were 13.8% higher than a year ago primarily due to an increase in communication and technology expenses and travel-related costs Other Matters The Board of Directors announced a quarterly dividend of $0.18 per share payable on August 29, 2025 to holders of Class A non-voting and Class B voting common stock of record on August 15, 2025 Compensation expense as a percentage of revenue was modestly lower at 64.1% during the current period versus 66.8% during the same period last year The effective tax rate for the current period was 32.7% compared with 35.3% for the prior year period, as the impact of certain unfavorable permanent items and nondeductible foreign losses was reduced in the current period Company Information Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 89 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. Forward-Looking Statements This press release includes certain "forward-looking statements" relating to anticipated future performance. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Oppenheimer Holdings Inc. Consolidated Income Statements (Unaudited) ('000s, except number of shares and per share amounts) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change REVENUE Commissions $ 110,025 $ 97,055 13.4 $ 220,903 $ 192,905 14.5 Advisory fees 125,628 117,197 7.2 254,431 232,044 9.6 Investment banking 43,533 29,119 49.5 91,156 79,656 14.4 Bank deposit sweep income 28,654 34,846 (17.8) 58,729 71,531 (17.9) Interest 38,017 34,805 9.2 74,386 61,571 20.8 Principal transactions, net 14,532 10,074 44.3 23,507 28,308 (17.0) Other 12,789 7,493 70.7 17,891 17,712 1.0 Total revenue 373,178 330,589 12.9 741,003 683,727 8.4 EXPENSES Compensation and related expenses 239,074 220,727 8.3 466,165 442,440 5.4 Communications and technology 26,204 24,682 6.2 52,386 49,258 6.4 Occupancy and equipment costs 15,578 15,516 0.4 31,587 31,364 0.7 Clearing and exchange fees 7,041 6,780 3.8 14,793 12,622 17.2 Interest 22,529 21,980 2.5 43,925 42,528 3.3 Other 30,542 25,039 22.0 58,561 52,195 12.2 Total expenses 340,968 314,724 8.3 667,417 630,407 5.9 Pre-Tax Income 32,210 15,865 103.0 73,586 53,320 38.0 Income tax provision 10,536 5,599 88.2 21,257 17,310 22.8 Net Income $ 21,674 $ 10,266 111.1 $ 52,329 $ 36,010 45.3 Less: Net loss attributable to non-controlling interest, net of tax — — — (310) Net income attributable to Oppenheimer Holdings Inc. $ 21,674 $ 10,266 111.1 $ 52,329 $ 36,320 44.1 Earnings per share attributable to Oppenheimer Holdings Inc. Basic $ 2.06 $ 0.99 108.1 $ 4.99 $ 3.49 43.0 Diluted $ 1.91 $ 0.92 107.6 $ 4.63 $ 3.29 40.7 Weighted average number of common shares outstanding Basic 10,520,219 10,327,818 1.9 10,493,145 10,367,636 1.2 Diluted 11,349,049 11,111,903 2.1 11,308,979 11,083,422 2.0 Period end number of common shares outstanding 10,517,924 10,327,510 1.8 10,517,924 10,327,510 1.8 SOURCE Oppenheimer Holdings Inc.
