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Ellington Residential Mortgage earnings missed by $0.04, revenue topped estimates

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Matthew V. Blackwell on Discipline, Family, and Long-Term Thinking

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Matthew V. Blackwell on Discipline, Family, and Long-Term Thinking

Matthew V. Blackwell grew up in Connecticut as the oldest of four siblings in a close-knit family that believed in hard work and personal responsibility. From an early age, he saw what it meant to build something from the ground up. That mindset shaped the way he approaches life today.

He graduated from high school with honors and went on to earn a degree in Industrial Engineering from Union College. His career began in data analytics before he stepped into operations leadership within his family’s business. Later, he took a leap and launched his own electric bike company. It was a bold move filled with long days and real risk. When the market changed, he adjusted. He learned. He kept moving forward.

Today, Matthew leads Woodbridge Farms, a growing e-commerce company focused on steady growth and strong customer relationships. He also manages SeaSide Properties, overseeing a portfolio of real estate investments. His path has included both wins and setbacks, but he does not dwell on either for long.

At home, Matt is not the kind of dad who watches from a distance. He is in it. His weeks move from Scout meetings to dance recitals, from swim meets to MMA competitions, cheering just as hard at the end as he did at the start.

For Matt, success is not flashy. It is steady. It is family. And it is showing up every single day.

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Q: When you think about inspiration, where does it start for you?

For me, it starts with family. I grew up in Connecticut as the oldest of four. Being the oldest meant I was always a few steps ahead—first to try things, first to mess up, first to figure it out. That sticks with you. I learned early that people are watching what you do more than what you say.

I also watched a business grow from the inside. When you see something built over time, you understand that success is not one big moment. It’s small decisions made daily.

Q: You’ve had both wins and setbacks in business. How have those shaped you?

I’ve seen both sides. I helped lead operations in a family business for years. Then I stepped out and started my own electric bike company, CyclElectric. We sold conversion kits and pre-built bikes. It was exciting at first. I believed in the product.

But competition from overseas ramped up. Margins shrank. Sales became inconsistent. Eventually, I had to shut it down.

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That experience changed me. It taught me that passion is important, but so is timing and market reality. I learned to read numbers differently after that. I also learned that closing a company is not a failure. It’s data. It tells you what works and what doesn’t.

Q: You’ve had personal challenges as well. How did you move forward from those?

Like most people, I’ve had seasons that tested me. There were moments where I had to confront mistakes, accept responsibility, and decide what kind of future I wanted to build. Those experiences forced me to slow down and reflect in a way I hadn’t before.

Instead of seeing that time as defining me, I chose to treat it as a turning point. I read more. I studied business and leadership more seriously. I wrote out clear goals—not just financial ones, but personal standards for how I wanted to operate each day. I became more intentional.

Challenges can either harden you or refine you. I chose to let mine refine me. They gave me clarity about what matters most—my family, my integrity, and building something sustainable over time.

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Q: What did rebuilding look like in practical terms?

It looked like structure. I returned to operations leadership roles. I focused on process improvement and cost controls. I paid attention to details I may have brushed past before.

When I started Woodbridge Farms in 2023, I approached it differently from CyclElectric. I didn’t chase hype. I focused on steady demand, supplier relationships, and cash flow discipline. Boring things. But boring builds stability.

At the same time, I began managing our family’s real estate portfolio through SeaSide Properties. Real estate forces patience. You think in decades, not quarters.

Q: How do you inspire confidence in your ideas now?

I don’t try to inspire with big speeches. I show numbers. I show consistency.

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If I tell someone we can grow revenue 10%, I’ll explain exactly how. Here’s the supplier shift. Here’s the margin change. Here’s the marketing test. Confidence comes from preparation.

At home, it’s similar. When I built a tree fort for my kids, I didn’t just start hammering boards. I drew it out. Measured twice. Planned weight loads. That’s how I approach business now. Creativity backed by structure.

Q: You’re very hands-on at home. Does that connect to how you lead?

Absolutely. I’ve built a chicken coop. Installed solar panels and a battery system so parts of our house run off the grid. I manage raised garden beds and a small food forest.

Those projects remind me that results take time. You can’t rush a tomato plant. You can’t shortcut wiring without consequences. You do the work correctly, and you wait.

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Leadership is similar. You set systems. You nurture people. You adjust when something isn’t producing.

Q: You also race cars. That seems different from gardening.

It’s different on the surface. But racing my older BMW M3 requires focus, discipline, and self-control. If you overcorrect, you spin out. Business can be the same. You don’t react emotionally. You respond strategically.

Racing also clears my head. It reminds me that calculated risk is healthy. Reckless risk is not.

Q: What would you tell someone who doubts themselves?

The world doesn’t pause because you feel insecure. I’ve learned that firsthand. There were days I didn’t feel ready to lead, to rebuild, to show up publicly again. But you move anyway.

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Success isn’t one-dimensional. It rises and falls. For me, success is family first. A career is a tool to support that. When you define success clearly, decisions get easier.

You won’t avoid mistakes. I haven’t. But you can decide what you do next. And that decision, repeated over time, is what changes your life.

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(VIDEO) US Submarine Torpedoes Sinks Iranian Warship IRIS Dena in Indian Ocean

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The ship at the launch ceremony in 2021

A U.S. Navy submarine fired a torpedo that sank an Iranian warship in the Indian Ocean on Tuesday night, Defense Secretary Pete Hegseth announced Wednesday, marking the first sinking of an enemy combatant vessel by an American submarine since World War II and dramatically widening the naval dimension of the ongoing U.S.-Israel campaign against Iran.

The ship at the launch ceremony in 2021
The ship at the launch ceremony in 2021

Hegseth, speaking at a Pentagon briefing, described the strike as targeting “an Iranian warship that thought it was safe in international waters.” He said the vessel was hit with a single torpedo, resulting in a “quiet death” for the ship. “Instead, it was sunk by a torpedo,” Hegseth stated, emphasizing the precision and reach of U.S. forces. The Pentagon released declassified footage showing the underwater explosion and the ship’s rapid sinking, though details on the specific submarine or torpedo model remained classified.

The targeted vessel was identified as the IRIS Dena, a Moudge-class frigate of the Iranian Navy’s Southern Fleet. The ship, with a crew of approximately 180, had been returning to Iran after participating in the MILAN 2026 multinational naval exercise in Visakhapatnam, India. Sri Lankan authorities reported the frigate issued a distress call early Wednesday off the southern coast near Galle. The Sri Lankan navy rescued 32 survivors, many seriously injured, and transported them to local hospitals. Reports varied on casualties: Sri Lankan officials cited around 140 missing, while Reuters and other sources reported at least 80 killed, with dozens wounded. Iranian state media has not yet confirmed the loss or casualty figures.

The incident occurred in international waters in the Indian Ocean, far from the Persian Gulf theater where most naval engagements have unfolded since the conflict began Feb. 28, 2026. U.S. officials framed the strike as part of broader efforts to neutralize Iran’s naval capabilities and prevent retaliatory attacks on international shipping or allied forces. Hegseth declared the Iranian navy “ineffective, decimated, destroyed,” adding that it “rests at the bottom of the Persian Gulf” after earlier U.S. strikes sank multiple vessels, including frigates like Jamaran-class ships and the drone carrier Shahid Bagheri.

The sinking represents a significant escalation. It is the first U.S. submarine torpedo kill against an enemy warship in 81 years, last occurring during World War II against Japanese and German vessels. The attack extends U.S. operations beyond the Middle East, targeting Iranian assets in distant waters amid Iran’s attempts to project power and disrupt global trade routes.

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The conflict, now in its sixth day, has seen intense joint U.S.-Israeli airstrikes on Iranian military infrastructure, missile sites, command centers, and symbols of regime power in Tehran and elsewhere. Iran has responded with missile and drone barrages targeting U.S. bases in Qatar, Bahrain, Kuwait, and the UAE, as well as Israel and allies. Tehran has vowed to destroy regional military and economic infrastructure, while disrupting shipping through the Strait of Hormuz with threats, drone attacks, and unmanned surface vessels.

U.S. Central Command reported sinking 17 Iranian vessels overall, including corvettes, frigates, and support ships, in the Gulf of Oman and Persian Gulf since operations began. President Donald Trump announced “major combat operations” on Feb. 28, with more than 1,000 targets struck in the opening days. The campaign aims to degrade Iran’s retaliatory capabilities, including ballistic missiles and naval forces.

Sri Lanka’s foreign minister confirmed the rescue operation but provided no comment on responsibility for the sinking. Maritime security sources noted the area sees regular Iranian naval transits, but the strike’s location surprised analysts given its distance from primary conflict zones.

The incident has intensified global concerns over oil supply routes and shipping safety. Oil prices remained elevated Wednesday, with Brent crude near $84 per barrel amid fears of further disruptions. Markets reacted to the widening naval theater, though some analysts viewed the strike as targeted rather than a prelude to broader Indian Ocean operations.

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Iran has not issued an official response to the sinking as of Wednesday afternoon, but state media focused on domestic resilience and vows of retaliation. The loss of the IRIS Dena, a relatively modern frigate equipped for anti-ship and air defense roles, further weakens Iran’s surface fleet, already battered by strikes on bases like Bandar Abbas.

Hegseth’s announcement underscored U.S. resolve. “The Iranian navy is no more,” he said, framing the action as evidence of America’s ability to project power globally. No U.S. casualties were reported in the operation.

As the war expands, focus remains on containing escalation while degrading Iran’s offensive tools. Diplomatic channels, including indirect contacts, continue amid calls for de-escalation, but both sides show no immediate signs of backing down.

The sinking of the IRIS Dena highlights the conflict’s naval reach and the risks to Iranian forces operating far from home waters. Rescue efforts by Sri Lanka continue, with hopes fading for additional survivors as search operations persist.

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MYR Group Inc. 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:MYRG) 2026-03-04

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

Q4: 2026-02-25 Earnings Summary

EPS of $2.33 beats by $0.47

 | Revenue of $973.54M (17.32% Y/Y) beats by $75.81M

This article was written by

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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JBBB: Why Today’s CLO Market Is Different From Yesterday’s

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JBBB: Why Today’s CLO Market Is Different From Yesterday’s

This article was written by

Financial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial analytics platforms. This initiative aims to provide an in-depth analysis of the dynamics driving the asset management market. On Seeking Alpha, we combine insights from rigorous data analysis with actionable opinions and ratings on ETFs and other trending instruments in the asset management space. Our mission is to deliver valuable, data-driven perspectives to help investors make informed decisions in this ever-evolving market.

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.

The author expresses only personal opinions and does not provide financial advice. The content is for informational purposes only and should not be considered as investment recommendations. The author assumes no responsibility for any investment decisions made based on this article. Always conduct your own research or consult with a financial advisor before making any investment choices. The author makes no guarantees regarding the data, and the user agrees that the author shall not be held liable for the user’s use of the data.

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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.

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Pearl Abyss’ Epic Open-World RPG Goes Gold

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Pokémon Pokopia

After years of anticipation and multiple delays, Pearl Abyss has confirmed “Crimson Desert” will launch worldwide on March 19, 2026, across PlayStation 5, Xbox Series X|S, PC via Steam, and macOS — marking the South Korean studio’s ambitious entry into the single-player open-world action-adventure genre.

Crimson Desert Release Date Locked for March 19, 2026: Pearl
Crimson Desert Release Date Locked for March 19, 2026: Pearl Abyss’ Epic Open-World RPG Goes Gold

The game goes live at 22:00 UTC (10 p.m. UTC), translating to 6 p.m. ET / 3 p.m. PT in North America, 11 p.m. CET in Europe, and 7 a.m. KST March 20 in Asia — a simultaneous rollout designed to unite players in the vast lands of Pywel from day one. Pre-downloads begin March 17, with review embargo lifting March 18, allowing critics to weigh in just before gates open.

Pearl Abyss announced the firm date in September 2025 during Sony’s State of Play, following a January 2026 “gone gold” milestone that locked in production. Originally revealed at Korea’s G-Star 2019 as a prequel to the studio’s hit MMORPG “Black Desert Online,” the title evolved into a standalone narrative-driven experience, shedding multiplayer elements for a focused solo campaign.

Players step into the boots of Kliff, a battle-hardened mercenary of the Greymane faction, resurrected after a brutal ambush by rivals the Black Bears. Tasked with rebuilding his crew amid civil war and otherworldly threats from the Abyss — a mystical realm of floating islands and ancient tech — Kliff navigates Pywel’s unforgiving landscapes, forging alliances, managing resources, and unleashing visceral combat.

Recent hands-on previews paint a picture of a “maximalist” open world rivaling “The Witcher 3” and “Red Dead Redemption 2” in density. IGN’s final preview highlighted quirky side quests like chimney cleaning or sheep rescues, faction missions for loot, and a lived-in feel with interactive NPCs — greet or rob them at your peril. Combat shines as “brutal and intuitive,” blending swordplay, parries, grabs, and Abyss-fueled powers like force manipulation for puzzles and aerial takedowns.

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PlayStation Blog’s four-hour session in starter region Hernand emphasized liberation mechanics: clear outlaw camps to unlock fishing, trading, and puzzles. Exploration rewards abound — climb ruins, glide with stamina-based tools, summon horses — across biomes from bustling towns to Abyss floating isles. DualSense haptics amplify clashes, adaptive triggers tense bowstrings, and PS5 Pro optimizations promise 4K ray-traced glory.

No rigid classes: learn skills by observation, even mid-boss, swapping weapons from swords to spears. Party members like tanky berserker Oongka add variety, while Abyss Artifacts grant temporary magic edges against overwhelming foes. Previews praise the scale — “enormous” yet seamless — but note menu complexity may overwhelm newcomers.

Three editions cater to fans: Standard (full game, ~$60-70) includes pre-order Khaled Shield; Deluxe adds SteelBook, map, pins, patches, and cosmetics like Balgran Shield, Kairos Plate Set, Exclaire Horse Tack (~$100+); Collector’s Edition bundles a 17x11x10 diorama, Ultimate Pack weapons (Tormented Soul Bow, etc.), and more — limited stock flying off shelves. PS5 pre-orders snag exclusive Grotevant Plate armor set. Black Desert players get crossover bonuses.

Pearl Abyss CEO D.J. Kim hailed the milestone: “The fight for Pywel begins.” Marketing director dismissed console performance jitters — “I’m sick of repeating myself, we’re not hiding anything” — as Digital Foundry preps launch analysis.

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Social buzz peaks: X posts hype the “Skyrim successor” potential, though some eye optimization. Pre-orders surge on Steam, PlayStation Store; physical copies via retailers like Amazon.

From 2020 target to 2026 reality, “Crimson Desert” embodies Pearl Abyss’ evolution post-“Black Desert” success. With no microtransactions in sight, it bets on depth over live-service grind. As March 19 nears — two weeks away — analysts forecast strong sales in a crowded RPG field alongside “WWE 2K26,” “Life is Strange: Reunion.”

Will Pywel captivate? Previews suggest yes: a “grand-scale” epic blending western grit and eastern flair. Kliff’s saga awaits.

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ImmunityBio (IBRX) Shares Drop Nearly 10% as Investors Digest Recent Earnings

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Coinbase Global

Shares of ImmunityBio Inc. (NASDAQ: IBRX) tumbled nearly 10% in heavy trading Wednesday, reflecting profit-taking after a strong run earlier in the week and broader market caution amid ongoing volatility in biotech stocks.

ImmunityBio
ImmunityBio

The stock closed at $9.02 on March 4, 2026, down $0.98 or 9.85% from Tuesday’s close of $10.00. Intraday trading saw the price range from a low of $8.93 to a high of $9.59, with volume exceeding 16.5 million shares — solid but below the 35 million-plus average seen in recent sessions. After-hours trading showed modest recovery attempts around $9.01-$9.10.

The pullback followed a volatile period: the shares surged to $10.44 on March 2 amid momentum from positive clinical updates, then eased to $10.00 on March 3 after the company’s full-year 2025 earnings release. Year-to-date in 2026, IBRX has more than quintupled from early lows around $1.83, driven by commercial traction for its flagship therapy ANKTIVA and advancing regulatory milestones.

ImmunityBio reported full-year 2025 results on March 3, highlighting a dramatic 700% year-over-year increase in net product revenue from ANKTIVA (nogapendekin alfa inbakicept-pmln), the IL-15 superagonist approved in April 2024 for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ (CIS). The company expanded ANKTIVA approvals to additional indications, including lung cancer in select markets, and secured commercial partnerships in 33 countries with ongoing label expansion efforts globally.

Analysts responded positively, with Piper Sandler reiterating an Overweight rating and raising its price target to $15, citing strong sales momentum and regulatory progress. Consensus views lean toward “Strong Buy,” with an average 12-month target around $12.60 to $13.06, implying 30-40% upside from current levels. Some forecasts project highs up to $23-$25 if key milestones are met.

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Key pipeline advances bolster the outlook. On Feb. 26, 2026, ImmunityBio announced completion of enrollment in the pivotal QUILT 2.005 randomized trial evaluating ANKTIVA plus BCG versus BCG alone in BCG-naïve NMIBC CIS patients. The study enrolled 366 patients ahead of schedule, with an interim analysis requested by the FDA showing statistically significant improvement in duration of complete response for the combination arm and no major safety issues. Full results are expected in Q4 2026, paving the way for a potential Biologics License Application (BLA) submission by year-end to expand ANKTIVA into the first-line setting.

The company also continues discussions with the FDA on a potential resubmission of its supplemental BLA for ANKTIVA in BCG-unresponsive papillary NMIBC. Following a January 2026 Type B End-of-Phase meeting, the agency requested additional supporting information but no new clinical trial. ImmunityBio compiled and planned to submit the data within 30 days, aiming to address prior refuse-to-file concerns without restarting studies.

An expanded access program for recombinant BCG remains active, with over 580 patients enrolled across the U.S., addressing supply shortages and supporting real-world evidence.

Despite the positive momentum, challenges persist. ImmunityBio reported ongoing net losses typical for a clinical-stage biotech, though revenue growth signals commercial viability. Cash position and burn rate remain focal points for investors, with the company emphasizing disciplined capital allocation toward pipeline advancement and global commercialization.

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The stock’s 52-week range spans $1.83 to $12.43, with recent highs reflecting optimism around ANKTIVA’s potential to disrupt bladder cancer treatment landscapes — a market with significant unmet needs for durable responses beyond standard BCG therapy.

Market cap hovered near $9-10 billion following the dip, with about 1.03 billion shares outstanding. High short interest and retail investor interest have contributed to volatility, though recent trading has shown more stability tied to fundamentals.

As ImmunityBio eyes Q4 2026 data readouts and potential BLA filings, analysts watch for execution on manufacturing scale-up, partnership expansions, and additional indications. The biotech sector’s sensitivity to interest rates, regulatory timelines, and broader economic factors adds near-term uncertainty, but the company’s progress positions it as a notable player in immunotherapy.

Investors remain divided: bulls see multi-billion revenue potential if ANKTIVA secures broader approvals, while bears caution on competition and execution risks. For now, Wednesday’s decline appears more technical than fundamental, with many viewing the dip as a potential entry point amid the stock’s transformative trajectory.

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Deep Brands debuts Thai food line

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Deep Brands debuts Thai food line

The lineup includes four frozen entrees. 

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Musk tells jury 'people read too much' into his posts

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Musk tells jury 'people read too much' into his posts

The billionaire is accused of misleading investors in the run-up to his 2022 Twitter purchase.

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Autodesk, Inc. (ADSK) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

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

Q4: 2026-02-26 Earnings Summary

EPS of $2.85 beats by $0.21

 | Revenue of $1.96B (19.40% Y/Y) beats by $45.08M

Autodesk, Inc. (ADSK) Morgan Stanley Technology, Media & Telecom Conference 2026 March 4, 2026 2:30 PM EST

Company Participants

Janesh Moorjani – Executive VP & Chief Financial Officer

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Conference Call Participants

Keith Weiss – Morgan Stanley, Research Division

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Presentation

Keith Weiss
Morgan Stanley, Research Division

All right. Let’s get started.

Thank you, everyone, for joining us. My name is Keith Weiss. I am filling in for Elizabeth Porter, who just had a beautiful baby girl. But actually really excited to be talking with Autodesk, speaking with Janesh Moorjani, CFO of Autodesk. Before Elizabeth took over, I covered Autodesk for a long time, and it’s always been one of my favorite companies.

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Janesh Moorjani
Executive VP & Chief Financial Officer

Mine too.

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Question-and-Answer Session

Keith Weiss
Morgan Stanley, Research Division

Excellent. A long, long time ago, I came out of college as an idealistic young man, wanted to be an architect. So I’ve always been pining to be back in this field. And now you’re settling into your role as CFO. You’ve had some time to take a look at the sort of scope of the business. I’m sure you’re excited about it when you kind of came in the door. Now with some time under the belt, maybe you could talk to us about what excites you most about that longer-term potential at Autodesk?

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Janesh Moorjani
Executive VP & Chief Financial Officer

I’m happy to, Keith, and thank you for hosting, by the way, while Elizabeth is out, so we appreciate that. Before we talk about the long-term excitement, what excites me the most in the short term is reading a safe harbor statement. So let me do that first. We may make forward-looking statements during the course of this presentation. Please refer to our SEC filings for information on risks and other factors that may cause our actual results

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Father claims Google's AI product fuelled son's delusional spiral

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Father claims Google's AI product fuelled son's delusional spiral

The case is the first wrongful death case against Google over alleged harms caused by Gemini.

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