Cardiff Oncology: Q2 Earnings Snapshot
The San Diego-based company said it had a loss of 21 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The molecular diagnostic company posted revenue of $121,000 in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $150,000.
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San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Hundreds cheer Arizona Sen. Ruben Gallego as Democrats take offensive against Trump's tax bill
DAVENPORT, Iowa (AP) — Hundreds of people cheered Sen. Ruben Gallego at a town hall meeting in eastern Iowa Saturday as the first-term Arizona Democrat assailed the massive, Republican-backed tax bill signed by President Donald Trump as likely to make 'America poorer and sicker.' Gallego's upbeat event struck the opposite tone from Rep. Mike Flood's town hall meeting earlier in the week, when an even bigger crowd jeered the Nebraska Republican for most of a 90-minute event in his state to promote the bill. Democrats, searching for months after last year's election defeat for footing in opposing the aggressive tone struck by Trump in his second term in the White House, have gone on the offensive this month, still united in their frustration with Trump but suddenly energized in full-throated opposition to his signature legislation. 'I think this bill is helping Democrats see clearly what's at stake with the future of protections for so many regular Americans,' said Pete Wernimont of Waterloo, who drove 140 miles (225 kilometers) to see Gallego. 'I just hope they are there when it really matters a year from now.' While some Republicans in safe Republican districts are braving crowds to sell Trump's law, most in Congress are heeding GOP leaders' suggestion to keep lower public profiles, especially noteworthy during the August recess following closely on Trump's signing of the tax cut and spending reduction bill last month. Democratic activists are rallying to point out what they see as the measure's political liabilities for Republicans trying to hold their narrow majorities in Congress in next year's midterm elections. 'This is the galvanizing moment that's happening because Democrats now understand, we're the people that fight for the middle class and the working class of America,' Gallego told reporters before the event Saturday. 'This is a clarifying moment for us.' For two hours, the audience of some 300 people applauded and at times stood cheering for the Arizona Democrat, one of several party figures who have been attacking the bill in congressional districts represented by Republicans. He was in Rep. Mariannette Miller-Meeks' 1st Congressional District, among the most competitive in the nation in the past three congressional elections. For a party frustrated with an array of Trump administration initiatives, the measure has had its own energizing effect. "I came here because I work in health care and this bill will hurt health care,' said Alexandra Salter, a physicians assistant from Davenport. 'I think we are getting more vocal about it, because we need to speak up.' The meeting contrasted sharply with Flood's meeting in Lincoln, Nebraska, on Monday, when an even larger crowd of 700 voiced vigorous opposition to the bill, locking in especially on its changes to Medicaid, the federally funded health care program for low-income American. The bill, which passed with no Democratic votes in the House or Senate, makes substantial cuts to the health care program, notably by imposing work requirements for many of those receiving aid. The same frustration that drew Wernimont to Davenport Saturday convinced Ann Ashburn of Aurora, Nebraska, to drive the 70 miles (113 kilometers) to Lincoln to face Flood on Monday. Ashburn learned about Flood's appearance through an Omaha-area Democratic group called Blue Dot and reached out to friends who joined her. She dismissed any suggestion that such opposition had been orchestrated. 'I think the momentum could have been much greater had we been better organized,' the 72-year-old retired executive said. For now, Republicans have their work cut out for them if they hope to use the measure as a reason for voters to return them to the majority in the 2026 elections. About two-thirds of U.S. adults expect the new law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — also think it will do more to hurt than help low-income people, according to the survey taken last. Gallego used his trip to Iowa, which included a requisite stop at the Iowa State Fair, to burnish his own profile in a state that, until 2020, traditionally had hosted the first event in the Democrats' presidential nominating process. Iowa Democrats hope to return to the front of the parade when the 2028 primaries and caucuses begin. Other figures already popular nationally with Democrats such as New York Rep. Alexandria Ocasio-Cortez have been making stops in Republican districts decrying the legislation. Ocasio-Cortez last month headlined an event in New York's 21st District, represented by Republican Elise Stefanik, noting among other items its Medicaid provisions. Vermont Sen. Bernie Sanders is scheduled to hold rallies Sunday in Republican-held House districts in North Carolina. He too planned to focus on Medicaid cuts, and note their impact on rural hospitals in the state where former Gov. Roy Cooper, a Democrat now running for U.S. Senate, worked with the GOP-controlled legislature to expand Medicaid coverage in 2023.
New York Post
2 hours ago
- New York Post
Tipping in Las Vegas drops drastically — tourists say service doesn't match higher costs
Las Vegas servers say they're feeling the heat as high prices and declining tourism hammer their tip earnings across the Strip. Tipping in Sin City is reportedly down by as much as 50% among servers, as some of them blame the economy and policy while others point to high prices, a tipping backlash and poor service. Advertisement On Reddit's r/VegasLocals forum, one cocktail waitress wrote, 'I used to average about 80 cents a drink. Now I'm averaging about 10 cents.' 'We are working triple what we used to and making a quarter of what we did,' another person added on the forum. Jacob Soto, 22, a supervisor at Pinkbox Doughnuts in downtown Las Vegas, told The Wall Street Journal that he used to make up to $200 a week in credit card tips, but now only earns between $100 and $150. While the city saw an 11.3% drop in overall visitation in June compared to the same time last year, according to the Las Vegas Convention and Visitors Authority (LVCVA), international travel to Vegas is down approximately 10% year over year. Advertisement Ted Pappageorge, secretary-treasurer of the Culinary Workers Union, which represents 60,000 Vegas workers, said federal immigration and economic policies are keeping international travelers away. Servers in Las Vegas, Nevada, say they are not earning as much in tips due to rising prices and declining tourism to Sin City. MargJohnsonVA – 'The unions and the industry and the government need to get together and repair the damage and welcome tourism back,' he told Fox News Digital. Pappageorge called the tipped income tax exemption proposed in President Donald Trump's 'big, beautiful bill' a 'welcome relief.' Advertisement He pointed out, however, that if workers aren't 'making the tips, the credit doesn't help.' He said companies have already frozen hiring and made targeted staffing cuts, with part-time workers – who make up 25% of the union's membership – being the first to lose hours. 'If it continues, it could bleed into the full-timers,' he added. Some industry observers assert the problem is more local. Advertisement 'Many attribute this not only to a general dip in international travel demand to the U.S., but also to aggressive price-gouging by hospitality venues,' Rob DelliBovi, a consultant and founder of the Miami-based RDB Hospitality Group, told Fox News Digital. 'Guests are pushing back on $18 bottles of water in the minibar and $37 martinis.' Many people in the r/VegasLocals thread agree. Said one Redditor, 'Twenty-five-dollar drinks … $30 pancakes, $35 burgers … and on top of it you have to tip?' Tipping has gone down by as much as 50% as servers claim the economy and poor service are to blame for the dramatic dropoff. StockPhotoAstur – Added another person, 'Nobody wants to give you 20% on top of the already exorbitantly overpriced s—.' A beer recently cost nearly $15 at a casino, yet another person said. 'What that translates to is me drinking less beer and tipping less,' the person said. Advertisement 'I understand that casinos have costs, but this is absurd.' 'I'm tired of tipping for everything, as quality of service has consistently gone down,' another person wrote. One Vegas waitress, who requested anonymity out of fear of losing her job, also said she thinks the quality of service has declined. Advertisement 'For the price, it should be impeccable,' she told Fox News Digital. She said aggressive upselling tactics, repetitive restaurant concepts and a lack of genuine hospitality are turning off tourists and locals alike. As a result, she said she's also seen tip revenue decrease by half compared to last summer. The waitress said businesses on the Strip need to return to the basics of hospitality and focus on local clientele rather than only international customers. Advertisement 'The locals don't want to pay double for food that's not any better and for servers to be rude,' she said. Despite the downturn, Vegas has not lost its hustle yet, DelliBovi said. 'Sales teams in Las Vegas are already strategizing on how to reinvigorate the market and drive business back up for the fall,' he said. Advertisement Even as reports indicate Las Vegas tourism is down overall, Circa Resort & Casino CEO Derek Stevens recently told Fox News Digital the assessment may be 'premature.' 'In specific pockets, like where we at Circa Las Vegas are located in downtown — I think people feel there's maybe a little better value. Things were really booming,' Stevens said. He added, 'If you really start unpeeling some layers of the onion in Las Vegas, I think you're going to find companies that have very specific areas that are a little less subject to the economy and that are doing OK.'
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Thousands march against plan to build massive bridge linking Sicily to Italy's mainland
ROME (AP) — Thousands of people marched in the Sicilian city of Messina on Saturday to protest a government plan to build a bridge that would connect the Italian mainland with Sicily in a massive 13.5-billion-euro ($15.5 billion) infrastructure project. Protesters staunchly oppose the Strait of Messina Bridge project over its scale, earthquake threats, environmental impact and the specter of mafia interference. The idea to build a bridge to connect Sicily to the rest of Italy has been debated off and on for decades but always delayed due to these concerns. The project, however, took a major step forward when a government committee overseeing strategic public investments approved the plan this week. Transport Minister Matteo Salvini, the project's main political backer, called it 'the biggest infrastructure project in the West.' Salvini cited studies estimating the project would create up to 120,000 jobs annually and help stimulate economic growth in economically lagging southern Italy, as billions more are invested in surrounding road and infrastructure improvements. Opponents are not convinced by these arguments. They are also angry that about 500 families would have to be expropriated in order for the bridge to be built. 'The Strait of Messina can't be touched,' protesters shouted as they marched in Messina. Many carried banners that said 'No Ponte' (No Bridge). Organizers estimated crowd size at 10,000 people. The proposed bridge would span nearly 3.7 kilometers (2.2 miles) with a suspended section of 3.3 kilometers (more than 2 miles). It would surpass Turkey's Canakkale Bridge by 1,277 meters (4,189 feet) to become the longest suspension bridge in the world. Preliminary work could begin as early as late September or early October, pending approval from Italy's Court of Audit. Full construction is scheduled to begin in 2026, with completion targeted between 2032 and 2033. Plans for a bridge have been approved and canceled multiple times since the Italian government first solicited proposals for one in 1969. Premier Giorgia Meloni's administration revived the project in 2023. With three car lanes in each direction flanked by a double-track railway, the bridge would have the capacity to carry 6,000 cars an hour and 200 trains a day — reducing the time to cross the strait by ferry from up to 100 minutes to 10 minutes by car. Trains would save 2/12 hours in transit time, Salvini said. The project could also support Italy's commitment to raise defense spending to 5% of GDP targeted by NATO, as the government has indicated it would classify the bridge as defense-related. Italy argues that the bridge would form a strategic corridor for rapid troop movements and equipment deployment, qualifying it as 'security-enhancing infrastructure.' Italy's president has also insisted that the project remain subject to anti-mafia legislation that applies to all large-scale infrastructure projects. Salvini pledged that keeping organized crime out of the project was a top priority.
