Ziopharm: Q1 Earnings Snapshot
On a per-share basis, the Houston-based company said it had a loss of 67 cents.
The drug developer posted revenue of $2,000 in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCRT at https://www.zacks.com/ap/TCRT
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New York Post
25 minutes ago
- New York Post
Offbeat NYC graffiti tour survives despite predicted drop in foreign tourism thanks to visitors from this country: ‘They're obsessed with street art'
These tourists see the writing on the wall. French art lovers are flocking to industrial Brooklyn in droves for quirky walking tours of warehouses sprayed with graffiti and street art. Advertisement The niche fascination is still going strong despite a major industry group projecting a nearly 20% drop in overall foreign tourism to the Big Apple this year. 5 Audrey Connolly of Graff Tours leads a tour of street art and graffiti in Bushwick, Brooklyn. Stephen Yang 'There are so many people in France that are obsessed with graffiti and street art: It's been a huge part of our business for years,' Bushwick-based Graff Tours tour guide Audrey 'Byte' Connolly told The Post. Advertisement Connolly, who has led walking tours of the hipster neighborhood's urban art for nearly a decade, attributing trailblazing cultural similarities in New York and Paris for the grand amour. As tour guides across the city report an absence of usual visitors from Canada, Australia, Germany and other nations — possibly over political boycotts and tariff-related economic fears — French tourists are largely unbothered, Connolly said. 'They're obsessed with street art — hopefully, they keep coming.' 5 Connolly leads a group of tourists — two French families and one group from Kansas City, Missouri — on a tour through industrial Bushwick. Stephen Yang Advertisement Germans and Israelis — who also represent large swaths of Graff Tour patrons — have not booked nearly as much this year, and school groups from Canada and China have also dwindled, Connolly said. Antoine Jacquet, a 23-year-old Graff Tours customer from Dijon, France, said its been more difficult to clear immigration hurdles under the Trump administration. But he was able to make the overseas trip himself, and even predicted foreign tourism will 'probably pick up with the new mayor Zohran [Mamdani],' referring to the Democratic mayoral nominee, a socialist, because 'his policies are more based out of Europe than to America.' New York City Tourism + Conventions, the city's tourism authority, recently said that some 2 million fewer visitors from other countries are expected to make the trip to the Big Apple in 2025, a loss of roughly $4 billion in foreign tourism dollars. Advertisement August is typically one of the busiest months for tours, Connolly said, but during weeks this year when she would've typically been working for seven days straight, she's spent entire days off without a booking. 'Tourism has big-down market effects: it affects hotels, it affects small businesses, it affects [the] local economy,' said Graff Tours president Gabe Schoenberg. The impact has been felt in trendy Bushwick, from thrift shops to restaurants that cater to Euro families in the hipster shopping district, added Schoenberg. 5 Antoine Jacquet, 23, of Dijon, France, expects that tourism to the US will tourism will 'probably pick up with the new mayor Zohran [Mamdani].' Stephen Yang As French tourism to the biz remains strong, Schoenberg still reports a roughly 10% drop in overall foreign visitors since last year — and is now trying too woo domestic tourists and locals with targeted social media ads. 'We did better this year with domestic tourism than years past,' he said. But 'a lot of domestic tourists don't see [graffiti] as art,' Connolly said. 'They're being told to fear New York and everything about it.' Schoenberg also attributed the reluctance of foreign tourists to visit New York City to 'backlash' over President Trump and his policies, as well rising transportation and food costs and fears over tariff-related price increases. Advertisement 'Even for a New Yorker, prices are going up and prices are going up exponentially,' he said. 'But locally, either exemptions for tourism or some type of incentive for tourism could also help.' 5 While French tourism remains steady, Graff Tours has still seen a roughly 10% drop in overall foreign visitors since last year — and is now trying too woo domestic tourists and locals. Stephen Yang 5 Graffiti writer The Ghostface Mims teaches a workshop at Graff Tours. Stephen Yang Advertisement The president of the tour company — which has a Los Angeles outpost as well — attributed diversity in its offerings as its key to staying afloat in uncertain times. Aside from industrial walking tours, Graff Tours' Bushwick site also offers spray painting classes and has hosted corporate events for the likes of Meta, L'Oréal and even hosted an influencer-filled launch party for Samsung this summer. 'The class revenue is significant compared to the tour revenue,' Schoenberg said. 'If I was relying on tours in general, I don't think I would still be in business.'
The Hill
an hour ago
- The Hill
US seeks shipbuilding expertise from South Korea and Japan to counter China
WASHINGTON (AP) — American lawmakers are using a trip to South Korea and Japan to explore how the United States can tap those allies' shipbuilding expertise and capacity to help boost its own capabilities, which are dwarfed by those of China. Sens. Tammy Duckworth, D-Ill., and Andy Kim, D-N.J., who are scheduled to land in Seoul on Sunday before traveling to Japan, plan to meet top shipbuilders from the world's second- and third-largest shipbuilding countries. The senators want to examine the possibilities of forming joint ventures to construct and repair noncombatant vessels for the U.S. Navy in the Indo-Pacific and bring investments to American shipyards. 'We already have fewer capacity now than we did during Operation Iraqi Freedom' in 2003, Duckworth told The Associated Press. 'We have to rebuild the capacity. At the same time, what capacity we have is aging and breaking down and taking longer and more expensive to fix.' Their trip comes as President Donald Trump demands a plan to revive U.S. shipyards and engage foreign partners. The Pentagon is seeking $47 billion for shipbuilding in its annual budget. The urgency stems from the fact that Washington severely lags behind China in building naval ships, a situation raising alarms among policymakers who worry the maritime balance of power could shift to China, now the world's No. 1 shipbuilder. Duckworth, who serves on the Senate Armed Services Committee, said she hopes the trip could lead to joint ventures among the U.S. military, American companies and foreign partners to build auxiliary vessels for the Navy and small boats for the Army. Another possibility is repairing U.S. ships in the Indo-Pacific region. 'If we have to bring ships all the way back to the United States … to wait two years to be fixed, that doesn't help the situation,' Duckworth said. The discussions, she said, will focus on auxiliary vessels, which are noncombatant ships such as fueling and cargo vessels that support naval and military operations. The Navy's auxiliary fleet is aging and insufficient in numbers, she said. The U.S. commercial shipbuilding accounted for 0.1% of global capacity in 2024, while China produced 53%, followed by South Korea and Japan, according to a report by the Center for Strategic and International Studies. A Navy review from April 2024 found that many of its major shipbuilding programs were one year to three years behind schedule. During the trip, the senators are expected to meet representatives from major shipbuilders in the region. South Korea and the U.S. are already making progress on shipbuilding cooperation. In March, Hanwha Ocean completed maintenance work for a 41,000-ton U.S. Navy dry cargo and ammunition ship in South Korea. The overhaul of USNS Wally Schirra was the Korean company's first project after it secured a repair agreement with the U.S. Navy in July 2024. Hanwha Group last year acquired Philly Shipyard in Philadelphia, which builds large merchant mariners, part of the reserve auxiliary fleet. Earlier this month, South Korea proposed to invest $150 billion in the U.S. shipbuilding industry to support Trump's 'Make American Shipbuilding Great Again' initiative as part of its tariffs talk with the White House. Duckworth said she had earlier conversations with Hyundai Heavy Industries 'about them actually buying into U.S. shipyards on U.S. soil'. This month, China formed the world's biggest shipbuilding company by merging two state-owned shipbuilders. The combined entity China State Shipbuilding Corporation produces Chinese navy's combat vessels from aircraft carriers to nuclear submarines. It commands 21.5% of global shipbuilding market.
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Polls in Bolivia open for national elections that could empower the right wing
LA PAZ, Bolivia (AP) — Polls in Bolivia opened on Sunday for presidential and congressional elections that could spell the end of the Andean nation's long-dominant leftist party and see a right-wing government elected for the first time in over two decades. The election is one of the most consequential for Bolivia in recent times — and one of the most unpredictable. Even at this late stage, a remarkable 30% or so of voters remain undecided. Polls show the two leading right-wing candidates, multimillionaire business owner Samuel Doria Medina and former President Jorge Fernando 'Tuto' Quiroga, locked in a virtual dead heat. Many undecided voters But a right-wing victory isn't assured. Many longtime voters for the governing Movement Toward Socialism, or MAS, party, now shattered by infighting, live in rural areas and tend to be undercounted in polling. With the nation's worst economic crisis in four decades leaving Bolivians waiting for hours in fuel lines, struggling to find subsidized bread and squeezed by double-digit inflation, the opposition candidates are billing the race as a chance to alter the country's destiny. 'I have rarely, if ever, seen a situational tinderbox with as many sparks ready to ignite,' Daniel Lansberg-Rodriguez, founding partner of Aurora Macro Strategies, a New York-based advisory firm, writes in a memo. Breaking the MAS party's monopoly on political power, he adds, pushes 'the country into uncharted political waters amid rising polarization, severe economic fragility and a widening rural–urban divide.' Bolivia could follow rightward trend The outcome will determine whether Bolivia — a nation of about 12 million people with the largest lithium reserves on Earth and crucial deposits of rare earth minerals — follows a growing trend in Latin America, where right-wing leaders like Argentina's libertarian Javier Milei, Ecuador's strongman Daniel Noboa and El Salvador's conservative populist Nayib Bukele have surged in popularity. A right-wing government in Bolivia could trigger a major geopolitical realignment for a country now allied with Venezuela's socialist-inspired government and world powers such as China, Russia and Iran. Conservative candidates vow to restore US relations Doria Medina and Quiroga have praised the Trump administration and vowed to restore ties with the United States — ruptured in 2008 when charismatic, long-serving former President Evo Morales expelled the American ambassador. The right-wing front-runners also have expressed interest in doing business with Israel, which has no diplomatic relations with Bolivia, and called for foreign private companies to invest in the country and develop its rich natural resources. After storming to office in 2006 at the start of the commodities boom, Morales, Bolivia's first Indigenous president, nationalized the nation's oil and gas industry, using the lush profits to reduce poverty, expand infrastructure and improve the lives of the rural poor. After three consecutive presidential terms, as well as a contentious bid for an unprecedented fourth in 2019 that set off popular unrest and led to his ouster, Morales has been barred from this race by Bolivia's constitutional court. His ally-turned-rival, President Luis Arce, withdrew his candidacy for the MAS on account of his plummeting popularity and nominated his senior minister, Eduardo del Castillo. As the party splintered, Andrónico Rodríguez, the 36-year-old president of the senate who hails from the same union of coca farmers as Morales, launched his bid. Ex-president Morales urges supporters to deface ballots Rather than back the candidate widely considered his heir, Morales, holed up in his tropical stronghold and evading an arrest warrant on charges related to his relationship with a 15-year-old girl, has urged his supporters to deface their ballots or leave them blank. Voting is mandatory in Bolivia, where some 7.9 million Bolivians are eligible to vote. Doria Medina and Quiroga, familiar faces in Bolivian politics who both served in past neoliberal governments and have run for president three times before, have struggled to stir up interest as voter angst runs high. 'There's enthusiasm for change but no enthusiasm for the candidates,' said Eddy Abasto, 44, a Tupperware vendor in Bolivia's capital of La Paz torn between voting for Doria Medina and Quiroga. 'It's always the same, those in power live happily spending the country's money, and we suffer.' Conservative candidates say austerity needed Doria Medina and Quiroga have warned of the need for a painful fiscal adjustment, including the elimination of Bolivia's generous food and fuel subsidies, to save the nation from insolvency. Some analysts caution this risks sparking social unrest. 'A victory for either right-wing candidate could have grave repercussions for Bolivia's Indigenous and impoverished communities,' said Kathryn Ledebur, director of the Andean Information Network, a Bolivian research group. 'Both candidates could bolster security forces and right-wing para-state groups, paving the way for violent crackdowns on protests expected to erupt over the foreign exploitation of lithium and drastic austerity measures.' All 130 seats in Bolivia's Chamber of Deputies, the lower house of Parliament, are up for grabs, along with 36 in the Senate, the upper house. If, as is widely expected, no one receives more than 50% of the vote, or 40% of the vote with a lead of 10 percentage points, the top two candidates will compete in a runoff on Oct. 19 for the first time since Bolivia's 1982 return to democracy.
