ResMed Inc. (RMD) 46th Annual William Blair Growth Stock Conference June 2, 2026 5:40 PM EDT
Company Participants
Michael Farrell – CEO & Chairman
Conference Call Participants
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Brandon Vazquez – William Blair & Company L.L.C., Research Division
Presentation
Brandon Vazquez William Blair & Company L.L.C., Research Division
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Hello, everybody. My name is Brandon Vazquez. For those of you who I haven’t met before, I’m 1 of William Blair’s medical device analyst, also cover animal health for the firm. I am required to inform you for a complete list of research disclosures and potential conflicts of interest go to williamblair.com.
And with that, I am happy to say that we have the ResMed team here. We have Mick Farrell, the CEO; and Aaron Bloomer, the new CFO. Happy to join us here. They’re going to give us a corporate presentation as many of the — as we’ve been doing all day. We will actually stay in this room for the breakout session, so at the end, I’ll come up here. I might give us like 5 minutes to let people trickle in if they’re coming from another session. And then we’ll do Q&A here.
With that, I’ll turn it over to Mike.
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Michael Farrell CEO & Chairman
Excellent. Well, thanks. And I’ve got the time here, so I’ll stick pretty closely to the 29 minutes they got me here on the presentation. Look forward to a lot of questions and a good discussion around sleep health, breathing health and the health care technology delivered at home.
Forward-looking statements, you can read on your own.
Yes, ResMed is the global leader in the field of connected health and digital health. We have over 26 billion nights of medical data in the cloud. Over 30 million 100% cloud connectable medical devices sold in over 144 countries
Euroz Hartleys has confirmed the Bank of Montreal has made a $145 million cash offer to potentially acquire its corporate finance division.
In responding to media speculation, the Perth stockbroking firm told the market BMO Financial Group – being the Bank of Montreal – had made a non-binding and conditional cash offer to buy its capital markets business.
Under the deal, Euroz Hartleys would retain full ownership of its wealth management business and seek to form an alliance to maintain links between the two divisions.
Euroz’s board has provided BMO with a period of exclusivity until the end of the June to conduct due diligence and progress deal documents.
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The firm said discussions were ongoing and that there was “no certainty that the discussions will lead to any transaction or definitive agreement”.
“The board of Euroz Hartleys remains committed to the strategic direction and continued growth of the company on a standalone basis and to maximising value across all of its businesses for shareholders, along with a strong focus on ensuring positive outcomes for employees and clients,” Euroz told the market.
“After due consideration and acting in the interests of all shareholders, the board has provided BMO with a period of exclusivity to 30 June 2026 to conduct due diligence and progress relevant transaction documentation.”
BMO Financial Group is the dual-listed entity for the Bank of Montreal, listed on both the Toronto Stock Exchange and New York Stock Exchange.
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The Andrew McKenzie-steered company engaged Grant Samuel as financial adviser and Steinepreis Paganin as its legal adviser on the proposed deal.
The proposed deal comes after Euroz previously confirmed it was in early stage talks for potential opportunities amid swirling Canadian deal rumours in the second half of 2025.
A potential Bank of Montreal deal would follow other Canadian players in the Australian market, after Canaccord Genuity bought Perth-based Patersons Securities in 2019.
NEW YORK — Michael Jackson has become the first and only artist to secure a new Billboard Hot 100 hit across six different decades, with the posthumous release “Chicago” debuting at No. 30 on the latest chart.
Michael Jackson
The achievement underscores the enduring global appeal of the King of Pop, whose music continues to resonate with new generations more than 15 years after his death in 2009. “Chicago,” originally featured on the 2014 posthumous album Xscape, has experienced a significant streaming resurgence, driven largely by social media platforms like TikTok and renewed interest following the success of the Michael biopic.
The song generated 10.7 million official on-demand U.S. streams during the May 22-28 tracking week, marking a 30% increase from the previous period, according to Luminate. This surge propelled “Chicago” onto the Hot 100, where it stands as Jackson’s 52nd solo chart entry since his first hit “Got to Be There” in 1972.
Jackson now has charted new entries in every decade since the 1970s: 11 songs in the 1970s, 20 in the 1980s, 12 in the 1990s, four in the 2000s, four in the 2010s, and now one in the 2020s. This remarkable longevity highlights his unparalleled influence on popular music across generations.
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“Chicago” was produced by Timbaland and JRoc and written by Cory Rooney. It follows previous Xscape singles “Love Never Felt So Good” featuring Justin Timberlake, which peaked at No. 9, and “Slave to the Rhythm” at No. 45. The track was never one of Jackson’s major hits upon its initial release but has found new life through viral social media moments and streaming algorithms that favor his catalog.
On the current Hot 100, “Chicago” ranks as Jackson’s second-highest charting song, behind “Billie Jean” at No. 19. It also sits ahead of “Human Nature” at No. 31 and “Don’t Stop ‘Til You Get Enough” at No. 43. Earlier in May, Jackson achieved another milestone when six of his songs charted simultaneously on the Hot 100.
The resurgence of Jackson’s music coincides with heightened public interest in his legacy. The biographical film Michael has performed strongly at the box office, introducing his story and catalog to younger audiences while reigniting conversations about his cultural impact. Streaming platforms have reported consistent growth in Jackson’s plays, particularly among users discovering his work for the first time.
Industry observers note that Jackson’s ability to maintain relevance decades after his peak commercial years is rare in popular music. His innovative blend of pop, R&B, funk and rock, combined with groundbreaking music videos and live performances, created a template that influenced countless artists who followed.
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“Chicago” benefits from Billboard’s rules allowing older songs to chart if they demonstrate significant consumption growth and rank within the top 50. This mechanism has enabled classic tracks from legendary artists to re-enter the charts when cultural moments spark renewed interest.
Jackson’s chart history is extraordinary. He achieved 13 No. 1 hits as a solo artist, with many more top 10 entries. His 1982 album Thriller remains the best-selling album of all time, and his influence extends far beyond sales figures to cultural and artistic domains.
The latest Hot 100 entry adds to Jackson’s unparalleled record of longevity. Few artists have maintained chart presence across multiple decades with new material or revived interest in catalog songs. His music’s timeless quality, combined with strategic catalog management and cultural relevance, has kept his work prominent.
For the Jackson estate and Sony Music, which manages much of his catalog, the resurgence represents both cultural significance and commercial opportunity. Streaming revenue from his extensive library continues to grow, providing ongoing value long after his passing.
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Fans have celebrated the milestone on social media, sharing memories of Jackson’s music and reflecting on its role in their lives. The viral spread of “Chicago” on TikTok has introduced the song to a new generation, many of whom were not alive during Jackson’s original chart dominance.
Music historians view Jackson’s six-decade chart span as a testament to his artistic genius and the universal appeal of his work. From child star with the Jackson 5 to solo icon and global superstar, his evolution mirrored and shaped popular culture for more than half a century.
As streaming continues to dominate music consumption, catalog artists like Jackson benefit from algorithmic discovery and social media moments. “Chicago” exemplifies how older tracks can find new audiences when aligned with current trends and cultural conversations.
The achievement comes at a time when the music industry grapples with questions of legacy, streaming economics and artist valuation. Jackson’s continued chart success demonstrates the lasting power of exceptional talent and the enduring connection fans maintain with iconic music.
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Looking ahead, Jackson’s catalog is expected to remain a significant presence on charts and streaming platforms. Future projects, documentaries and cultural moments will likely continue introducing his work to new listeners while reminding longtime fans of his unmatched contributions to music history.
“Chicago” may not have been one of Jackson’s signature hits upon release, but its current chart performance reinforces his status as a timeless artist whose influence transcends generations. The song’s revival adds another layer to an already extraordinary legacy that continues to captivate audiences worldwide.
As the Billboard Hot 100 reflects shifting tastes and consumption patterns, Jackson’s entry in a sixth decade stands as a rare accomplishment that few, if any, artists are likely to match. His music remains a benchmark for excellence, innovation and cultural impact in popular entertainment.
The latest milestone ensures Michael Jackson’s voice will continue echoing through the charts and cultural conversations for years to come, cementing his place as one of music’s most enduring and influential figures.
O’Leary Ventures chairman Kevin O’Leary discusses the rapid profitability of artificial intelligence companies on ‘The Bottom Line.’
“Shark Tank” investor Kevin O’Leary says he is prepared to shrink a sprawling artificial intelligence data center development in Utah after top state lawmakers pushed for major reductions and additional environmental safeguards, according to reports.
O’Leary told NBC News on Wednesday that he is willing to reduce the size of the proposed Stratos data center project after Utah Senate President J. Stuart Adams called for a 75% reduction in its footprint.
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“I have no choice,” O’Leary told NBC News at the Washington AI Network’s AI Honors gala.
The project, which has been promoted as one of the largest AI-focused data center developments in the world, would span roughly 40,000 acres in Box Elder County.
Kevin O’Leary, Chairman of O’Leary Ventures, arrives to speak before a Senate Committee on Aging and House Select Committee on the Chinese Communist Party joint hearing on April 9, 2025, in Washington, DC. (Andrew Harnik/Getty Images / Getty Images)
In a letter sent Monday, Adams urged O’Leary to reduce the project area to approximately 10,000 acres and adopt additional environmental safeguards before moving forward.
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“I’ve sent a letter directly to Kevin O’Leary calling for a 75% reduction in the proposed data center project area, from 40,000 acres to approximately 10,000 acres,” Adams said in a statement.
The Republican Senate president also called for stronger conservation measures, greater public transparency and protections for Utah’s natural resources.
Kevin O’Leary, Chairman of O’Leary Ventures, speaks before a Senate Committee on Aging and House Select Committee on the Chinese Communist Party joint hearing on April 9, 2025. (Photo by Andrew Harnik/Getty Images / Getty Images)
Among his requests, Adams said the project should commit to using the latest technology to minimize water consumption, dedicate any excess treated water to the Great Salt Lake and enter into agreements with state officials to preserve wildlife habitat and agricultural land.
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“Utah can pursue economic opportunity while protecting our water, air, wildlife and communities,” Adams said. “We can and must do both.”
O’Leary suggested the demand was driven in part by political pressure as opposition to the project continues to grow.
High-tech data center with server racks (iStock / iStock)
“I know he did it for political reasons,” O’Leary told NBC News. “He has to address those issues, and so do I.”
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Residents and environmental advocates have raised concerns about the project’s potential demands on water supplies, power infrastructure and nearby communities.
O’Leary has previously dismissed some of those concerns as misinformation and accused opponents of spreading false claims about the project.
“All these people have a right to get information,” O’Leary told NBC News. “Why are they getting it from a false initiative? Who is spending all this money to put out all these falsehoods and straight-out misinformation and lies and agitate these people?”
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Adams noted that several legislative committees are examining how large-scale developments could affect Utah’s water supply, energy system, land use and environmental resources.
Utah has also invested more than $1 billion in water conservation and infrastructure projects while increasing oversight of large-scale developments, Adams said.
O’Leary told NBC News he plans to formally respond to Adams by Friday with details of a revised proposal.
I have been involved in the financial world for over 25 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on individual stocks come from stocks that are less-widely followed by the average investor or from stocks that may not accurately reflect the opportunities that currently exist in their markets.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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.
Wall Street has advanced as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip sell-off that pulled the Nasdaq lower.
SAN ANTONIO — After a disappointing Game 1 loss in the 2026 NBA Finals, the San Antonio Spurs and their young star Victor Wembanyama face a pivotal Game 2 on Friday night against the New York Knicks. The 22-year-old phenom, who struggled with efficiency in the series opener, will need to elevate every aspect of his game if the Spurs hope to steal home-court advantage back and even the series.
Wembanyama finished Game 1 with 26 points and 12 rebounds but shot just 6-for-21 from the field, including 2-for-9 from three-point range. His six turnovers and occasional defensive lapses allowed the Knicks to mount a comeback and secure a 105-95 victory on the road. Spurs coach Mitch Johnson and the organization are counting on the rookie to make the necessary adjustments quickly in what has become an unexpectedly competitive series.
Here are five key areas Wembanyama must address to lead San Antonio to a Game 2 win and keep their championship hopes alive:
1. Improve Shooting Efficiency and Shot Selection Wembanyama’s 28.6% field goal percentage in Game 1 was uncharacteristically low for a player of his talent. While he drew fouls and got to the free-throw line effectively, his mid-range and three-point attempts often fell short or were contested. To win Game 2, he must be more selective with his shots, focusing on high-percentage opportunities closer to the rim where his 7-foot-4 frame gives him a massive advantage. Developing better patience in the half-court set and using pump fakes to create space will be essential. Spurs assistants have worked with him on refining his release under pressure, and Friday’s game offers an immediate chance to apply those lessons against a Knicks defense that dared him to shoot from distance.
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2. Reduce Turnovers and Improve Decision-Making Six turnovers in Game 1 proved costly, especially in transition where the Knicks capitalized on live-ball opportunities. Wembanyama’s length and vision make him a playmaking threat, but the Knicks’ physical pressure forced several mistakes. In Game 2, he must focus on making simpler reads, protecting the ball with two hands in traffic, and avoiding risky passes when double-teamed. Better communication with teammates like Stephon Castle and Dylan Harper will help create clearer outlets. Reducing turnovers to three or fewer could swing possession in San Antonio’s favor and limit New York’s fast-break scoring.
3. Dominate the Glass and Control Second-Chance Opportunities Despite grabbing 12 rebounds in Game 1, Wembanyama was outworked on the boards at times by Karl-Anthony Towns and Josh Hart. The Spurs were outrebounded overall, allowing the Knicks extra possessions that fueled their fourth-quarter surge. For Game 2, Wembanyama must use his size and timing more aggressively on both ends, boxing out effectively and pursuing every loose ball. Establishing position early and calling for help from teammates on defensive rebounds will be crucial. Controlling the glass could limit the Knicks to one-and-done possessions and give the Spurs the transition opportunities they lacked in the opener.
4. Anchor the Defense and Limit Brunson’s Impact Jalen Brunson’s 30-point performance, including several clutch plays, exposed defensive gaps when Wembanyama was on the floor. While Wembanyama altered many shots, the Knicks attacked the rim relentlessly when he helped off the ball. In Game 2, he must maintain discipline in help defense without leaving shooters open, using his length to contest without fouling. Coordinating with the Spurs’ perimeter defenders to trap Brunson or force him into tougher shots will be a priority. Wembanyama’s ability to protect the paint while staying connected to the defensive scheme could neutralize New York’s primary scoring threat.
5. Provide Leadership and Consistent Energy Across 48 Minutes As the face of the franchise, Wembanyama must elevate his leadership in Game 2. His teammates look to him for confidence and composure, especially in tight moments. Maintaining high energy levels from tip-off through the final buzzer, communicating constantly on defense, and encouraging the bench will be vital. The Spurs’ youth showed in Game 1 when fatigue set in during the fourth quarter. Wembanyama can set the tone by being the most vocal and active player on the court, helping San Antonio match the Knicks’ intensity and avoid the late collapse that cost them the opener.
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The Spurs enter Game 2 with the knowledge that home-court advantage is on the line. A victory would even the series at 1-1 and shift momentum heading into New York for Games 3 and 4. Wembanyama’s growth from Game 1 to Game 2 could define not only this series but his emerging legacy as one of the league’s brightest stars.
Coach Johnson has emphasized adjustments in film sessions, focusing on Wembanyama’s efficiency and decision-making. The team’s supporting cast, including Harper and Castle, must also step up to complement their superstar. The Knicks, riding high after their Game 1 comeback, will look to exploit any continued struggles from Wembanyama.
The basketball world will be watching closely as Wembanyama aims to bounce back. His ability to address these five critical areas could determine whether the young Spurs can push this Finals series deeper or if the more experienced Knicks pull ahead. For San Antonio, the path to victory in Game 2 runs directly through their franchise cornerstone making the necessary improvements under the brightest lights.
Ladies and gentlemen, dear shareholders, I’m delighted to welcome you to FORVIA’s combined Annual General Meeting. For those of you who do not know me, I’m Michel de Rosen, I’m Chairman of the Board of Directors of FORVIA. And joining me today are Martin Fischer, who is Chief Executive Officer; Olivier Durand, the Chief Financial Officer; and Jill Greene, who’s General Counsel and Company Secretary. Thank you for coming today. I’d like to thank the many shareholders who have already cast their votes by post. And indeed, those following the meeting online. As you know, this meeting is being streamed live on our website. It’s being recorded and will be made available to you. I should also like to thank the members of the Board of Directors who are here with us, in the room or who are following this meeting online. And finally, I’d like to thank everyone who’s helped organize this Annual General Meeting and to ensure it runs smoothly and professionally. FORVIA’s AGM is a key opportunity to provide information and engage with our shareholders on issues critical to the group, your group.
In 2025, despite turbulence and uncertainty, FORVIA delivered a strong performance in terms of sustainability, innovation and indeed commercial momentum while continuing to prepare for the future. As you know, the FORVIA share price nevertheless remained unsatisfactory in 2025 at a level that does not reflect the company’s potential. And although share price has risen, it still remains well below our ambitions. With IGNITE, the new strategy unveiled at our Capital Markets Day on
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