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AAA national average for regular gas surges past $4.50 mark

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AAA national average regular gas price spikes about 33 cents in a week

The national average price for regular gasoline surged above $4.50 per gallon Wednesday, as ongoing tensions between the U.S. and Iran continued to pressure fuel costs for American drivers.

AAA reported the national average for regular gas at $4.536 as of Wednesday, up more than five cents from Tuesday’s $4.483 average.

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The highest recorded was $5.016 for June 14, 2022, according to gasprices.aaa.com. That took place during Joe Biden’s presidency.

The AAA California average price for regular gas as of Wednesday is a whopping $6.16, towering over all the other states.

NATIONAL AVERAGE GAS PRICE REACHES $4.45 BEFORE SUMMER DRIVING SEASON

Gas pump

A fuel pump is connected to a car at a Mobil station in Englewood Cliffs, N.J., on Thursday, March 5, 2026. (Kena Betancur/Bloomberg via Getty Images / Getty Images)

Oklahoma, Mississippi and Louisiana remained just under the $4 mark, with AAA averages of $3.962, $3.97 and $3.993, respectively.

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Several states were averaging more than $5 per gallon for regular fuel, including Alaska at $5.188, Nevada at $5.233, Oregon at $5.332, Hawaii at $5.657 and Washington at $5.747.

CHEVRON CEO SAYS ECONOMIES ‘ARE GOING TO HAVE TO SLOW’ AS STRAIT OF HORMUZ CLOSURE DISRUPTS OIL SUPPLY

Fuel price sign

A sign displays the price of regular gasoline fuel at a Chevron gas station in Austin, Texas, on Tuesday, May 5, 2026. (Kaylee Greenlee/Bloomberg via Getty Images / Getty Images)

Fox News Digital reached out to the White House on Wednesday.

The U.S. has been engaged in a blockade against Iran for more than three weeks.

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AAA NATIONAL AVERAGE GAS PRICE SOARS ABOUT 33 CENTS IN A WEEK

President Donald Trump

President Donald Trump waves after his arrival at Ocala International Airport, in Ocala, Fla., on May 1, 2026. ( Jim WATSON / AFP via Getty Images / Getty Images)

President Donald Trump said in a Tuesday evening Truth Social post that Project Freedom, described as “The Movement of Ships through the Strait of Hormuz,” would be paused briefly while negotiations continue.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” Trump wrote.

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Rocket Lab’s Rally Changes Everything For Investors (NASDAQ:RKLB)

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Rocket Lab's Rally Changes Everything For Investors (NASDAQ:RKLB)

This article was written by

My investing journey began at 15, sparked by a deep curiosity for markets and shaped by my father’s career in finance. What started as a fascination with Warren Buffett’s annual letters quickly evolved into a full-time passion for value investing, mental models, and understanding how great businesses create long-term value. I’ve spent years independently studying financial statements, building DCF models, and analyzing companies through both fundamental and behavioral lenses. While I’m still early in my professional path, I’ve been immersed in the world of investing for nearly a decade. From dissecting shareholder letters to reverse-engineering business strategies, I’ve developed a disciplined, fundamentals-first approach grounded in long-term thinking. I focus on identifying mispriced quality companies and understanding what makes certain business models resilient across cycles. I write on Seeking Alpha to share insights, test ideas in public, and contribute to a community of investors who value clear thinking over hype. My goal is to provide thoughtful, research-backed commentary, whether on under-the-radar compounders, Growth/GARP stocks, or misunderstood tech platforms. Above all, I invest with conviction, patience, and a relentless drive to keep learning.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of RKLB either through stock ownership, options, or other derivatives. 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.

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Madison Diversified Income Fund Q1 2026 Investment Strategy Letter (MBLAX)

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Invesco SteelPath MLP Alpha Fund Q4 2025 Commentary (MLPAX)

Madison Investments is 100% employee-owned and has been based in Wisconsin’s capital city since its founding in 1974. In that time, Madison has grown from a local firm into a manager entrusted with approximately $22 billion in assets across a suite of mutual funds, active ETFs, managed accounts and customized portfolios. Note: This account is not managed or monitored by Madison Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Madison Investments’ official channels.

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Hain Celestial remains a work in progress

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Hain Celestial remains a work in progress

Current innovation is focused on functional attributes and nutrient density. 

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Rigel Pharmaceuticals, Inc. (RIGL) M&A Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-05-05 Earnings Summary

EPS of $0.44 misses by $0.43

 | Revenue of $58.82M (10.28% Y/Y) misses by $3.58M

Rigel Pharmaceuticals, Inc. (RIGL) M&A Call May 12, 2026 8:00 AM EDT

Company Participants

Raymond Furey – Executive VP, Chief Compliance Officer, General Counsel & Corporate Secretary
Raul Rodriguez – President, CEO & Director
Lisa Rojkjaer – Executive VP & Chief Medical Officer
Erika Hamilton
David Santos – Executive VP & Chief Commercial Officer

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Conference Call Participants

Joseph Pantginis – H.C. Wainwright & Co, LLC, Research Division
Kristen Kluska – Cantor Fitzgerald & Co., Research Division
Yigal Nochomovitz – Citigroup Inc., Research Division
Farzin Haque – Jefferies LLC, Research Division
Ashleigh Acker – Piper Sandler & Co., Research Division

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Presentation

Operator

Greetings. Welcome to Rigel Pharmaceutical VEPPANU Licensing Agreement Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce our first speaker, Ray Furey, Rigel’s Executive Vice President, General Counsel and Corporate Secretary. Thank you, Mr. Furey. You may begin.

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Raymond Furey
Executive VP, Chief Compliance Officer, General Counsel & Corporate Secretary

Welcome to our conference call to discuss Rigel’s in-licensing of VEPPANU or Vepdegestrant. The press release announcing the transaction was issued earlier this morning and can be viewed along with the slides for this presentation in the News and Events section of Investor Relations site on rigel.com.

As a reminder, during today’s call, we may make forward-looking statements regarding our plans and timing for the regulatory review of the transaction and development and commercialization of VEPPANU. In addition, as noted in the press release issued this morning and here in the presentation, this transaction is subject to customary closing conditions, including review under the Hart-Scott-Rodino Antitrust Improvements Act. The statements made today are subject to risks and uncertainties that may cause actual results to differ from those forecasted. A description of these risks are identified in the slides and in our most recent annual report on Form 10-K for the year ended December

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Monex Group, Inc. 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:MNXBF) 2026-05-12

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Tennessee Democrats stripped of House committee seats over redistricting protests

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Tennessee Democrats stripped of House committee seats over redistricting protests


Tennessee Democrats stripped of House committee seats over redistricting protests

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Cal-Maine acquires frozen food business

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Cal-Maine acquires frozen food business

Van’s Foods is a manufacturer of frozen breakfast foods. 

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Air India crisis deepens ahead of final Ahmedabad crash report

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Air India crisis deepens ahead of final Ahmedabad crash report

Air India faces a leadership vacuum and mounting financial losses as it struggles to recover from the crash.

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Vir Biotechnology, Inc. (VIR) Presents at Bank of America Global Healthcare Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-05-06 Earnings Summary

EPS of -$0.85 misses by $1.33

 | Revenue of -$29.00K (-100.96% Y/Y) misses by $109.31M

Vir Biotechnology, Inc. (VIR) Bank of America Global Healthcare Conference 2026 May 12, 2026 7:20 PM EDT

Company Participants

Marianne De Backer – President, CEO & Director

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Conference Call Participants

Alec Stranahan – BofA Securities, Research Division

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Presentation

Alec Stranahan
BofA Securities, Research Division

Thanks for joining the session with Vir Biotechnology. My name is Alec Stranahan. I cover SMID-cap biotech at Bank of America, and I’m the covering analyst for Vir. And it’s my pleasure to introduce Marianne De Backer, Chief Executive Officer of Vir. Marianne, thanks for being here.

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Marianne De Backer
President, CEO & Director

Yes, my pleasure. Thank you.

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Question-and-Answer Session

Alec Stranahan
BofA Securities, Research Division

Looking forward to the discussion. I guess just jumping right into it, you’ve effectively built a 2-engine value story for Vir. You’ve got the near-term potential from HDV, which we can talk about and the longer-term oncology platform using the PRO-XTEN technology. I guess when you look at how the market is valuing the company today, where do you see the biggest opportunity for re-rating? Is it on HDV approval and launch? Is it on the VIR-5500 progress to registrational studies? Or is it maybe the broader platform as the TCE data matures?

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Marianne De Backer
President, CEO & Director

Sure. Yes. Thank you. And thank you, Alec, for hosting us and Bank of America for hosting Vir Biotechnology. So we are very fortunate that at Vir Biotechnology, we have multiple pathways to value creation, as you point out. Obviously, our most advanced program is our delta program, already in registrational trial, initial data are going to read out starting fourth quarter of this year. So obviously, that’s an important route to value creation near term.

And then as you mentioned, we have a portfolio of 3 clinical assets, 3 clinical

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Surviving When Predictive Models Break

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Surviving When Predictive Models Break

Yesterday’s chaotic nine-goal thriller between Paris Saint-Germain and Bayern Munich completely shattered every conservative forecasting model on the market.

By examining the massive collapse of predictive algorithms during that specific match, business leaders can learn brutal, necessary lessons about surviving sudden operational chaos.

Corporate executives love to boast about making “calculated, data-driven decisions,” totally ignoring the fact that most financial forecasts are incredibly fragile. You can hire the most expensive analysts, build a massive spreadsheet and present a flawless quarterly projection to the board, but the reality of business is inherently volatile. When a massive supply chain failure or a sudden regulatory change hits your sector, the historical data is basically useless. To truly understand how quickly a supposedly perfect model can disintegrate, corporate leaders need to look outside the boardroom and study the aggressive, heavily scrutinized world of sports analytics. Yesterday’s Champions League clash is the absolute perfect case study.

No sane predictive model anticipated a 5-4 result between two European heavyweights. Examining the pre-match analytics on platforms like ThePuntersPage provides a brilliant corporate baseline, showing exactly what the smartest algorithms in the world expected to happen. They expected a tight, heavily defensive chess match. Instead, they got absolute pandemonium. Watching how the market reacted to that unexpected chaos offers a masterclass in modern risk management for any scaling enterprise.

The Illusion of the Safe Corporate Bet

Before the referee even blew the whistle in Paris, the financial narrative was already fully settled. Every major syndicate and data analyst backed the under on total goals. The logic was completely sound: semi-finals are notoriously tense, both squads possess world-class defensive structures and the stakes were simply too high for either manager to risk playing an open, attacking style. It was the textbook definition of a “safe bet.”

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This exact same mentality traps small and medium-sized enterprises every single day. Founders look at historical revenue charts and assume that because a specific product line or vendor relationship has been stable for three years, it will automatically remain stable for the fourth. They confuse historical consistency with future security. But relying entirely on past performance creates a massive operational blind spot. When you assume a market is safe, you stop aggressively monitoring the perimeter for threats. Just like the oddsmakers who totally failed to account for a sudden, aggressive tactical change in the first ten minutes of the match, companies that cling to their comfortable, safe bets are usually the first ones to get wiped out when the industry suddenly pivots.

Navigating the Black Swan Event

In financial terminology, a Black Swan is an unpredictable, incredibly rare event that carries severe consequences. Five goals being scored before the halftime whistle in a Champions League semi-final is the sporting equivalent of a Black Swan. It completely destroys the mathematical framework. When an event like this occurs, staring at your outdated dashboard and wondering why the numbers look wrong is a massive waste of time.

Corporate leaders constantly make the mistake of trusting the data even after the foundational reality has changed. According to a recent January 2026 financial analysison streamlining disconnected risk data, banks and massive corporations consistently fail to react to macroeconomic shocks because their internal reporting systems are too slow to process sudden, violent changes in the market. The algorithm cannot save you if the algorithm was built for a reality that no longer exists. When the match suddenly turns chaotic, or when a major competitor unexpectedly drops their pricing by forty percent, executives need to immediately abandon their rigid pre-planned models. Survival requires aggressive, real-time adaptation, totally disregarding the beautiful quarterly forecast that took three months to build.

Damage Control and the Art of Hedging

Perhaps the most valuable lesson from yesterday’s match is not how the models failed, but how Bayern Munich handled a catastrophic situation. Down 5-2 away from home, the German side was staring at total tournament elimination. An amateur manager would have panicked, thrown every single player forward and likely conceded three more goals on the counter-attack, completely bankrupting their chances for the second leg.

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Instead, they executed perfect damage control. They tightened their structure, absorbed the pressure and managed to claw back two late goals to make it 5-4, entirely saving the aggregate tie. This is exactly how ruthless founders manage a terrible financial quarter. If a new product launch is failing miserably, you do not double down and burn the rest of your venture capital trying to force it to work. You cut your losses, hedge your remaining assets and mitigate the damage so the company lives to fight another day. Reviewing strategies on mastering risk management as a trader directly translates to this executive mindset. It is about understanding that sometimes, the goal is not to win the quarter. No, the goal is simply to stop the bleeding before the damage becomes terminal.

Building an Agile Operational Framework

Business culture heavily romanticizes the maverick CEO who stubbornly sticks to their initial vision regardless of what the market dictates. In 2026, operating with that level of stubborn pride is borderline negligence. The market does not care about your initial vision, and it certainly does not care about your perfectly formatted Excel spreadsheets.

To survive in an increasingly volatile commercial environment, small and medium enterprises must transition away from rigid, multi-year plans and build highly agile frameworks. You train your management team to view corporate metrics with the same ruthless, emotionally detached objectivity found in the live sports forecasting industry. You learn to read the room, identify the exact moment the historical data becomes useless and pivot your resources without hesitation. Stop treating your business forecasts like an absolute guarantee. Treat them like a pre-match probability that can, and inevitably will, get blown to pieces the second the reality of the market kicks in.

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