MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy.

The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.

Analysts said the stock zoomed on reports that Vedanta is in talks to buy a 51 per cent stake in Cairn India from its parent firm, Cairn Energy, which holds a 62.4 per cent stake. The deal size is estimated to be between USD 8-8.5 billion.

“The deal is positive for the stock, as even the lower- end of the deal ($8 billion) will value Cairn India at USD 15.7 billion compared to the current market cap of $14.4 billion,” Elara Securities analyst Alok Deshpande said.

“In the short term, we expect the stock to rally towards the deal valuation upon the official announcement, which is expected on August 16, according to media reports,” he added.

Cairn India’s parent company, Cairn Energy Plc, also zoomed nearly 2 per cent on the London Stock Exchange and was being quoted at 4.61 pounds in late afternoon trade.
In contrast, NRI billionaire Anil Agarwal-led Vedanta Resources Plc plunged by 5.5 per cent to 20.61 pounds on the LSE.In addition, Sterlite Industries, a Vedanta Group firm, sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.

“If the deal happens, it is obvious that Vedanta is planning to be a long-term investor. In that case, we feel the deal valuation is fair, considering our expectations of a reserve upside from other Rajasthan fields in some time in the future,” Deshpande said.

The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day. State Bank of India shares hit a new peak of Rs 2,879.95, before closing at Rs 2,849.40, up 2.35% over the previous close.

SpiceJet hit a 52-week high of Rs 68.45 before closing at Rs 66.05, up 8% over the previous close. Bombay Dyeing hit a 52-week high of Rs 684.85 before closing at Rs 661.55, up 12% over its previous close. Godrej Properties rose 3% to close at Rs 776.40. It remains to be seen, if the Fox will make a quiet exit when the going is good, or hang in there for bigger profits.

Fannie Mae and Freddie Mac are making a major change to how Americans may qualify for a mortgage.

The government-backed mortgage giants said Wednesday they will begin allowing loans evaluated using VantageScore 4.0, a newer credit scoring model that can incorporate data such as rent and utility payment history.

The change will initially roll out on a limited basis, beginning with a group of approved lenders, as part of a broader credit score modernization effort led by the Federal Housing Finance Agency (FHFA).

HOUSING CRISIS HITS ALL AGES AS HOMEOWNERSHIP DECLINES NATIONWIDE

“It is only thanks to President Trump’s landslide victory and leadership that we finally broke the gridlock to do this — what’s right for the American people over Washington’s special interest,” FHFA Director William Pulte said at a press conference Wednesday. 

“Fannie and Freddie, as I said, are ready to immediately start working with approved lenders to accept VantageScore loans.”

Pulte added that Freddie Mac has already begun testing the model, taking delivery of about $10 million in loans evaluated using VantageScore, which are expected to be securitized.

“If you paid your rent for 10 years, that should be factored into your credit score,” Pulte said. “So, I think it will save lots of money. And this truly is the golden age of home buying.”

He also estimated that the change could affect “tens of millions” of Americans. 

During the limited rollout, approved lenders may choose between VantageScore 4.0 and traditional FICO scores.

AVERAGE MONTHLY MORTGAGE PAYMENT HITS NEW HIGH, TOPPING $2K FOR FIRST TIME EVER

A second updated model, FICO Score 10T, is also expected to be introduced as part of the modernization initiative.

FICO 10T also factors in both positive and negative rental payment history when reported to credit bureaus.

“By incorporating newer models with more predictive power, we can support sustainable access to homeownership and keep safety, soundness and operational readiness at the center,” Jake Williamson, executive vice president and head of single-family at Fannie Mae, said in a statement.

HOUSING MARKET GAINING MOMENTUM AS SPRING SEASON BEGINS

Efforts to modernize credit scoring have been underway for years. In 2022, federal regulators approved both VantageScore 4.0 and FICO 10T after extensive testing, according to Freddie Mac.

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Pulte also signaled the shift last year, noting in a post on X that “credit history will no longer just include credit cards and loans.” 

FOX Business’ Daniella Genovese contributed to this report.

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Q1: 2026-04-23 Earnings Summary

EPS of $0.26 beats by $0.02

 | Revenue of $307.16M (14.04% Y/Y) beats by $19.13M

Covenant Logistics Group, Inc. (CVLG) Q1 2026 Earnings Call April 24, 2026 10:00 AM EDT

Company Participants

James Grant – Executive VP, CFO and Principal Financial & Accounting Officer
M. Bunn – President
David Parker – Founder, CEO & Chairman

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Conference Call Participants

Jason Seidl – TD Cowen, Research Division
Jeffrey Kauffman – Vertical Research Partners, LLC
Scott Group – Wolfe Research, LLC

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Presentation

Operator

Welcome to today’s Covenant Logistics Group First Quarter Earnings Release and Investor Conference Call. Our host for today’s call is Tripp Grant. I would now like to turn the call over to your host. Mr. Grant, you may begin.

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James Grant
Executive VP, CFO and Principal Financial & Accounting Officer

Good morning, everyone, and welcome to the Covenant Logistics Group First Quarter 2026 Conference Call. As a reminder, this call will contain forward-looking statements under the Private Securities Litigation Reform Act, which are subject to risks and uncertainties that could cause actual results to differ materially. Please review our SEC filings and most recent risk factors. We undertake no obligation to publicly update or revise any forward-looking statements. Our prepared comments and additional financial information are available on our website at www.covenantlogistics.com/investor. Joining me today are CEO, David Parker; President, Paul Bunn; and COO, Dustin Koehl. Our first quarter was unique in that it included 2 of the worst and one of the best months we have experienced in the last 3 years. The trajectory was positive and has continued into April, leaving us with conviction that the change in the market is structural, not seasonal.

Our Expedited segment was most negatively impacted by both weather and fuel costs in the quarter, with improved rates and volumes in March and April, which we believe will continue to improve throughout the year, giving us plenty of operational leverage. Our new business pipeline

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Voice AI has become impossible to ignore. Demos sound smooth. Vendors promise round-the-clock coverage, lower payroll costs, and instant scalability. For a startup watching cash flow and juggling support tickets at midnight, the pitch feels persuasive.

The problem lies in timing.

Early-stage companies often chase automation before they understand their own customers. Founders see rising inquiry volume and assume software will solve the strain. In reality, automation magnifies whatever systems already exist. If workflows are messy, knowledge bases incomplete, and messaging inconsistent, voice AI will simply deliver confusion at scale.

The right time to adopt customer support voice AI depends less on hype and more on operational maturity.

Understanding What Voice AI Actually Does

Voice AI systems answer calls, interpret spoken language, access internal systems, and respond in real time. Some handle simple routing. Others complete transactions, verify identities, or resolve billing questions.

Modern tools rely on natural language processing and speech recognition models trained on massive datasets. Platforms such as OpenAI, Google, and Amazon power many of the speech and language capabilities behind commercial voice assistants.

However, raw intelligence does not equal business readiness. A startup must supply accurate data, structured workflows, and defined policies. Without those elements, the system struggles to deliver reliable answers.

Voice AI excels at repetition and pattern recognition. It performs poorly when policies shift weekly or when edge cases dominate conversations.

Volume As A Trigger, But Not The Only One

Call volume often triggers interest in automation. When support agents handle hundreds of repetitive inquiries about password resets, shipping updates, or appointment confirmations, automation becomes practical.

Yet volume alone should not drive the decision.

A startup might receive 200 calls per week, but if each call involves complex troubleshooting or emotional nuance, automation may create more friction than relief. On the other hand, a smaller number of highly repetitive calls could justify deployment sooner.

The key lies in analyzing call types. If at least 40 to 60 percent of interactions follow predictable scripts with limited variation, voice AI can absorb meaningful load. Without that repetition, return on investment weakens.

Product Stability Matters More Than Growth Hype

Startups pivot. Pricing changes. Features launch and disappear. Policies evolve as the business experiments with market fit.

Voice AI requires consistency. It needs stable documentation and defined responses. Training a system on rules that change every month forces continuous retraining and monitoring.

The right time emerges after product stability improves. When support teams no longer rewrite macros every week, automation becomes sustainable.

If churn remains high due to unclear onboarding or unresolved product bugs, voice AI will not solve the root cause. It may even amplify dissatisfaction by delivering polished but unhelpful answers.

Customer Expectations And Brand Positioning

Some startups build brands around high-touch service. Early customers expect direct access to founders or dedicated representatives. Replacing that connection with automation too soon can erode trust.

Other startups position themselves as efficient, tech-forward platforms. Their customers may welcome automated support if it resolves issues quickly.

Brand identity influences timing. A fintech startup handling sensitive financial data must weigh trust and compliance carefully. A logistics platform fielding routine tracking requests may prioritize speed over personalization.

The right moment arrives when automation aligns with brand promise rather than contradicting it.

Internal Support Maturity

Before adopting voice AI, a startup should demonstrate strong manual support operations. That includes:

• Clear documentation of frequent issues
• Defined escalation paths
• Consistent quality assurance processes
• Reliable data tracking

If agents cannot resolve issues consistently, an automated system will struggle even more.

Support teams often discover inefficiencies only after scaling manually. Patterns emerge. Scripts improve. Knowledge bases expand. These refinements provide the training material voice AI depends on.

Deploying automation before these systems mature risks embedding confusion into code.

Financial Signals And Cost Structure

Voice AI promises cost savings, but implementation requires investment. Licensing fees, integration costs, ongoing monitoring, and potential customization add up.

A startup operating on thin margins must calculate whether automation reduces overall cost per contact. If hiring two additional support agents costs less than implementing and maintaining voice AI, delaying adoption may make sense.

However, when call volume spikes seasonally or unpredictably, automation offers flexibility without long-term payroll commitments. In those cases, the financial case strengthens.

The timing often coincides with the first significant support hiring wave. Leaders must decide whether to scale headcount or introduce automation to absorb routine inquiries.

Data Readiness And Integration Capabilities

Voice AI depends on accurate, accessible data. It must connect to customer accounts, order systems, appointment scheduling tools, or billing platforms.

If internal systems remain fragmented or undocumented, integration becomes complex. Startups that invest early in structured databases and clean APIs position themselves for smoother automation later.

Companies already using customer relationship management platforms such as Salesforce or HubSpot may find integration more straightforward. Those relying on spreadsheets and manual tracking face additional hurdles.

The right time arrives when infrastructure supports real-time data retrieval and secure authentication.

Regulatory And Compliance Considerations

Voice AI interacts directly with customers. In regulated industries such as healthcare or finance, compliance requirements shape deployment timelines.

Identity verification protocols must function reliably. Data privacy laws require careful handling of recorded conversations and personal information.

A startup still defining its compliance framework should stabilize those processes before introducing automation. Otherwise, legal risk increases.

Compliance readiness often marks a turning point. Once legal and security teams establish clear guidelines, voice AI can operate within structured boundaries.

The Customer Experience Threshold

Adopting voice AI should improve customer experience, not merely reduce cost. Measuring satisfaction before implementation helps determine readiness.

If average wait times exceed acceptable limits, automation may relieve pressure. If customers complain about repetitive hold music and delayed callbacks, a well-designed voice assistant can deliver faster responses.

However, if customers already report confusion about policies or inconsistent answers, automation may worsen frustration.

The threshold appears when automation can genuinely enhance speed and clarity without sacrificing empathy where it matters.

Testing Before Full Deployment

Startups rarely need to flip a switch across all channels. Limited pilots provide insight.

Begin with a narrow use case. For example, automate appointment confirmations or shipping status updates. Monitor resolution rates, error frequency, and customer sentiment.

Gradual expansion reduces risk. It allows teams to refine prompts, adjust workflows, and identify edge cases before scaling broadly.

The right time often emerges during pilot success. When data shows reliable performance and customers respond positively, expansion becomes logical.

Human Oversight And Hybrid Models

Voice AI works best alongside human agents. A hybrid model routes complex cases to trained staff while automation handles predictable tasks.

Startups should adopt voice AI when they can maintain human oversight. Supervisors must review interactions, correct errors, and update knowledge bases regularly.

Without oversight, small inaccuracies compound over time.

The right moment arrives when leadership commits to continuous monitoring rather than treating automation as a set-and-forget solution.

Cultural Readiness Within The Team

Internal resistance can derail automation efforts. Support teams may fear replacement. Product teams may hesitate to commit development resources.

Leadership must communicate clearly that voice AI augments human effort rather than eliminates it entirely. Transparency builds trust.

When support staff recognize that automation removes repetitive strain and allows focus on complex cases, adoption proceeds more smoothly.

Cultural readiness often signals operational readiness. If teams align around shared goals, implementation accelerates.

Competitive Pressure And Market Signals

In some industries, competitors already deploy voice AI successfully. Customers begin expecting instant automated responses. Falling behind may create perception gaps.

Still, chasing competitors without internal readiness rarely ends well.

The right time balances competitive awareness with internal capability. Observing industry adoption can inform strategy, but execution must match organizational maturity.

Avoiding The Hype Cycle Trap

Voice AI attracts headlines and investor interest. Startups sometimes adopt it to signal innovation rather than solve specific problems.

This approach rarely sustains value.

Technology should serve defined objectives. When automation addresses clear bottlenecks, its impact becomes measurable. When deployed for optics, results often disappoint.

The right time aligns with operational need rather than marketing narrative.

A Practical Readiness Framework

Several indicators suggest a startup stands ready for customer support voice AI:

• Support volume contains high repetition
• Product and policies remain stable
• Infrastructure supports secure integrations
• Compliance processes function reliably
• Manual workflows operate efficiently
• Leadership commits to monitoring and iteration

When these conditions converge, automation strengthens rather than destabilizes operations.

If multiple elements remain unresolved, patience may prove wiser.

Growth Stages And Strategic Timing

Early seed-stage startups often rely on direct founder involvement in support. This stage builds insight into customer pain points. Automating too early removes that feedback loop.

Series A or B companies typically experience scaling pressure. Support demand rises faster than hiring capacity. At this point, structured processes begin to solidify. Voice AI adoption often fits naturally here.

Later-stage startups approaching enterprise contracts may require 24 hour coverage across time zones. Automation provides consistent baseline service without multiplying payroll costs.

Timing correlates with growth stage, but maturity matters more than funding milestones.

The Consequences Of Waiting Too Long

Delaying automation indefinitely carries its own risks. Support teams can become overwhelmed. Response times lengthen. Burnout increases turnover.

As volume grows, manual scaling becomes expensive and inefficient. Retrofitting automation into chaotic systems later proves more complex.

The right time avoids both extremes. Neither premature automation nor perpetual delay serves the business.

Closing Perspective

Voice AI represents a powerful tool for startups navigating growth. Its effectiveness depends on readiness across operations, culture, data infrastructure, and customer expectations.

Adoption makes sense when repetition dominates support volume, workflows operate smoothly, and leadership commits to continuous oversight. It falters when used to mask instability or compensate for unresolved product issues.

Timing rarely announces itself dramatically. It emerges through careful evaluation of systems, customer feedback, and financial realities.

Startups that approach voice AI strategically gain leverage without sacrificing quality. Those that rush or resist without reflection risk missed opportunity or unnecessary disruption.

The decision demands discipline rather than excitement. When operational foundations stand firm and customer experience stands to improve, the moment has likely arrived.

 

Marginalized South Asian communities, particularly coastal dwellers in Pakistan, the Maldives, and Bangladesh’s GBM delta, face critical climate change risks. Rising sea levels and extreme weather events like Pakistan’s monsoon floods threaten livelihoods and homes, forcing displacement and profession changes.

Key Challenges

• High vulnerability: Coastal communities in Pakistan, Bangladesh, and the Maldives face severe risks from flooding and rising sea levels.
• Pakistan: Monster monsoons and rising seas have displaced millions, forcing farmers to switch to fishing.
• Bangladesh: The Ganges-Brahmaputra-Meghna delta and Sundarbans mangrove forest are under threat, with Dhaka absorbing thousands of climate refugees daily.
• Maldives: Rising seas could make the island nation disappear by 2100.

South Asian coastal communities are disappearing at alarming rates due to climate change. Solutions require a mix of nature-based restoration, resilient infrastructure, planned relocation, and innovative engineering to safeguard livelihoods and cultures.

The Maldives, an archipelago nation, is at risk of disappearing entirely. Solutions include mangrove restoration for coastal protection, building raised homes to mitigate floods, relocating communities to climate-resilient cities, and constructing artificial islands like Hulhumalé in the Maldives. These adaptations are vital to protect vulnerable populations from an existential threat.

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The Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh.

U.S. Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead.

The move could lead to a swift confirmation vote by the Senate for Warsh, a former top Fed official whom President Donald Trump, a Republican, nominated in January to replace Powell. Powell’s term as chair ends May 15. Sen. Thom Tillis, a North Carolina Republican, had said he would oppose Warsh until the investigation was resolved, effectively blocking his confirmation.

With the investigation completed, the leadership transition at the world’s leading central bank may proceed quickly. Republicans praised Warsh during a Tuesday hearing even as Democrats questioned his independence from Trump, the lack of transparency around some of his financial holdings, and what they said was his flip-flopping on interest rates. Still, Trump’s previous appointment to the Fed’s board of governors, Stephen Miran, was approved by the full Senate just 13 days after his nomination.

The investigation was among several undertaken by the Justice Department into Trump’s perceived adversaries. For months it had failed to gain traction as prosecutors struggled to articulate a basis to suspect criminal conduct.

A prosecutor handling the case conceded at a closed-door court hearing in March that the government hadn’t yet found any evidence of a crime, and a judge subsequently quashed subpoenas issued to the Federal Reserve. The judge, James Boasberg, said prosecutors had produced “essentially zero evidence” to suspect Powell of a crime. Boasberg branded prosecutors’ justification for the subpoenas as “thin and unsubstantiated.”
More recently, prosecutors made an unannounced visit to a construction site at the Fed’s headquarters but were turned away, drawing a rebuke from a defense attorney in the case who called the maneuver “not appropriate.”Warsh said during the Senate hearing Tuesday that he never promised the White House that he would cut interest rates, even as the president renewed his calls for the central bank to do so.

“The president never once asked me to commit to any particular interest rate decision, period,” Kevin Warsh, a former top Fed official, said under questioning by the Senate Banking Committee. “Nor would I ever agree to do so if he had. … I will be an independent actor if confirmed as chair of the Federal Reserve.”

Warsh’s comments came just hours after Trump, in an interview on CNBC, was asked if he would be disappointed if Warsh didn’t immediately cut rates and responded, “I would.”

The decision to abandon the investigation represents a rare pullback for a Justice Department that over the last year has moved aggressively, albeit unsuccessfully, to prosecute public figures the president does not like.

Robert Hur, an attorney for the Federal Reserve Board of Governors, didn’t immediately respond Friday to an email seeking comment.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Operator

Ladies and gentlemen, thank you for standing by. My name is Colby, and I’ll be your conference operator today. At this time, I would like to welcome you to the Primis Financial Corp. First Quarter Earnings Call. [Operator Instructions]

I will now turn the call over to Matthew Switzer. You may begin.

Matthew Switzer
Executive VP & CFO

Good morning, and thank you for joining us for Primis Financial Corp.’s 2026 First Quarter Webcast and Conference Call.

Before we begin, please note that many of our comments during this call will be forward-looking statements, which involve risk and uncertainty. There are many factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

Further discussion of the company’s risk factors and other important information regarding our forward-looking statements are part of our recent filings with the Securities and Exchange Commission, including our recently filed earnings release, which has also been posted to the Investor Relations section of our corporate site, primisbank.com. We undertake no obligation to update or revise forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events or changes to future operating results over time.

In addition, some of the financial measures that we may discuss this morning are non-GAAP financial measures. How a non-GAAP measure relates to the most comparable GAAP measure will be discussed when the non-GAAP measures used, if not readily apparent.

I