Business
Imerys S.A. (IMYSY) Shareholder/Analyst Call Transcript
Patrick Kron
Good afternoon, ladies and gentlemen, dear shareholders. It’s a bit after 03:00 p.m., and I’d like to open our session. I’d like to inform you that in line with legal requirements, the presentations that will be made in the context of this meeting will be filmed and broadcast on our website and the meeting will also be available as a replay. Alongside me here today, we have Alessandro Dazza, who is our CEO; Pierre Lebreuil, the CFO, the new CFO of the group whom we greet, and we’re very happy to have him with us here in this new post and to Emmanuelle Vaudoyer, whom you know, who is the Group General Counsel and Secretary of the Board of Directors. And Ms. Annette Messemer also who is the lady Chair of the Appointments and Compensation Committee, she will be joining us a bit later on to present the items concerning corporate governance.
Also, we have in the room with us members of our Board of Directors whom i like to greet including Johannes Huth and Michael Ogrin, who will be introduced to you later on. Johannes Huth will hopefully, be [ indiscernible ] by you at this meeting to the Board and Michael Agrin is a candidate to be a Board member. And we also have Nadia Laadouli, who is a partner in Deloitte and Associated and Pierre Olivier Etienne, who is a partner in PriceCooper House — PricewaterhouseCoopers Audit representing the joint auditors.
The general meeting is being held today on the
Business
(PHOTO) Selena Gomez Flaunts Huge 8-Carat Engagement Ring in Eye-Catching Metallic Fringe Dress
LOS ANGELES — Selena Gomez turned heads and sparked intense engagement speculation Friday night as she stepped out in a shimmering metallic fringe dress while prominently displaying what sources say is an 8-carat diamond engagement ring from longtime boyfriend Benny Blanco.
The 33-year-old actress, singer and entrepreneur attended an exclusive private event in Beverly Hills, where cameras captured her smiling radiantly and subtly showing off her left hand. The ring, featuring a massive emerald-cut center stone surrounded by a halo of smaller diamonds, immediately became the talk of social media, with fans zooming in on every photo and video from the evening.
Gomez wore a stunning silver metallic fringe mini dress by Versace that caught the light with every movement, paired with strappy heels and minimal jewelry aside from the standout engagement piece. Her hair was styled in soft waves, and her makeup featured a glowing, natural look that highlighted her joyful expression throughout the night.
A source close to the couple confirmed to media outlets that Blanco proposed several weeks ago in a private, intimate setting, and the couple has been quietly celebrating with family and close friends. “They are incredibly happy and excited about the next chapter,” the source said. “Selena has always wanted a meaningful, low-key relationship, and Benny has given her that stability and love.”
Relationship Timeline and Engagement Buzz
Gomez and Blanco, a successful music producer known for his work with Justin Bieber, Ed Sheeran and many other top artists, first sparked dating rumors in late 2023. Their relationship became public in early 2024, and they have maintained a relatively private but affectionate presence together ever since.
Friends describe them as deeply compatible, with shared values around family, creativity and mental health advocacy. Gomez has been open about her past struggles with anxiety, depression and her kidney transplant, and sources say Blanco has been a steady, supportive partner through it all.
The engagement ring sighting has sent social media into overdrive. Within hours of the first photos surfacing, hashtags like #SelenaEngaged, #GomezBlancoWedding and #Selena8CaratRing were trending globally. Fans flooded comment sections with congratulations, heart emojis and excited speculation about wedding plans.
“Finally! They are perfect together,” one popular fan account posted alongside a zoomed-in photo of the ring. Celebrity friends including Taylor Swift, Francia Raisa and Nicola Peltz also liked and commented on early posts, adding fuel to the engagement rumors.
Gomez’s Career and Personal Growth
The timing of the engagement news comes as Gomez continues to thrive both personally and professionally. Her Rare Beauty cosmetics line remains wildly successful, and she has expanded into new wellness and skincare categories. Her acting career is also flourishing, with several high-profile projects in development, including a return to television and potential film roles.
Gomez has spoken candidly about wanting balance in her life after years of intense public scrutiny and health challenges. In recent interviews, she has emphasized the importance of surrounding herself with supportive people and focusing on what truly brings her joy.
“Selena is in such a good place right now,” a longtime friend told media. “She’s found someone who loves her for who she is, not for her fame or success. Benny makes her laugh and feel safe. They complement each other beautifully.”
Blanco’s Perspective and Future Plans
Blanco, 37, has kept a lower public profile but has expressed deep admiration for Gomez in private conversations and occasional interviews. He has praised her strength, creativity and kindness, calling her “the most genuine person” he has ever met.
The couple is said to be considering a relatively intimate wedding, potentially later this year or in 2027, with close family and friends. Sources indicate they are in no rush and want to enjoy the engagement period while focusing on their respective careers.
Industry insiders suggest the engagement could also influence future creative collaborations, with rumors of joint music or television projects already circulating in Hollywood circles.
Fashion and Cultural Impact
Gomez’s choice of the metallic fringe dress has already influenced fashion conversations. The shimmering, playful design perfectly captured her current mood — joyful, confident and ready to celebrate. Fashion observers noted how the dress complemented the sparkle of her engagement ring without overwhelming it.
Her ability to blend high fashion with relatable moments continues to make her a powerful influencer across generations. From Rare Beauty campaigns to red carpet appearances, Gomez has built a personal brand centered on authenticity and self-acceptance.
Fan Reactions and Social Media Frenzy
The internet response has been overwhelmingly positive. Longtime fans who followed Gomez through her “Wizards of Waverly Place” days, Disney music career and personal challenges expressed joy at seeing her happy and in love.
“Selena deserves this so much,” one viral comment read. “After everything she’s been through, seeing her glowing with that ring makes my heart so full.”
Some fans have already begun speculating about wedding details, possible bridesmaids and even honeymoon destinations. The couple’s privacy preferences suggest many details will remain under wraps until they choose to share them.
As Gomez and Blanco step into this new chapter, their story continues to resonate with fans who have watched Gomez grow from child star to empowered woman navigating fame, health and love with grace. The 8-carat ring may be the headline, but the real story is one of resilience, growth and finding genuine connection in the spotlight.
For now, the couple appears focused on enjoying the moment and planning their future together. As one of Hollywood’s most beloved modern romances, Gomez and Blanco’s engagement represents more than just a celebrity milestone — it’s a reminder that happy endings are still possible, even under the brightest lights.
Business
LunR Royalties: Royalty Platform With Real Optionality, But Not Enough Margin Yet
I am a public markets investor and analyst focused on event-driven opportunities, activist special situations, and global macro investing. I manage an independent portfolio across equities, ETFs, options, and foreign exchange, with a research-driven approach centered on identifying asymmetric risk-reward opportunities. My investment process combines fundamental analysis with valuation frameworks such as discounted cash flow (DCF) and sum-of-the-parts (SOTP) modelling, along with governance analysis and financial restructuring assessment when evaluating companies undergoing strategic or capital structure changes. My research interests span several areas, including activist and catalyst-driven equities, macro-thematic positioning through ETFs, and selective short-selling opportunities where structural weaknesses or mispricing may exist. I also develop macro investment theses across global markets, covering equities, fixed income, commodities, and currencies. On Seeking Alpha, I intend to write about special situations, event-driven investments, macro themes affecting markets, portfolio strategy, and ETF-based positioning. While my work is cross-sector, I tend to focus on industries where corporate actions, balance sheet transformations, or macro shifts create potential dislocations in valuation. I hold a Master’s degree in Corporate Finance from Henley Business School and a Master’s degree in Business Management from Queen’s Business School. In addition to investing, I have written multiple books covering SPACs, portfolio management, and hedge fund strategies. My motivation for writing on Seeking Alpha is to share research-driven investment ideas with a global community of investors, contribute thoughtful analysis on special situations and macro developments, and engage in constructive discussions that help refine investment theses. I believe platforms like Seeking Alpha provide an excellent forum for presenting structured research, testing investment ideas in public markets, and learning from the perspectives of other experienced investors.
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.
Business
Earnings call transcript: Tata Steel Q4 2026 sees strong financial performance

Earnings call transcript: Tata Steel Q4 2026 sees strong financial performance
Business
Sheriff Confirms They Checked More Than 4,200 Hours of Video From Doorbell Camera
TUCSON, Ariz. — Pima County Sheriff Chris Nanos revealed fresh details Thursday in the disappearance of 84-year-old Nancy Guthrie, saying investigators are making steady progress analyzing thousands of surveillance videos, DNA evidence and public tips more than 100 days after the Tucson woman vanished from her Catalina Foothills home.
Nanos told reporters that forensic teams have identified “promising” partial DNA profiles from blood evidence found inside Guthrie’s residence on the morning of February 1. Genetic genealogy experts are now working to build family trees that could help identify a suspect. “We are not standing still,” Nanos said. “This investigation is active, methodical and gaining momentum every single day.”
Guthrie was last seen alive on January 31 when her son-in-law Tommaso Cioni dropped her off after a family dinner. The next morning, family members found signs of forced entry and blood at the home. No arrests have been made, and no proof of life has emerged despite an intensive search involving local, state and federal agencies.
Surveillance Footage and ‘Near Her Home’ Focus
Sheriff Nanos confirmed that investigators have cataloged more than 4,200 hours of video from doorbell cameras, traffic intersections and private security systems in the area. A key area of focus is footage showing activity “near her home” in the hours before and after her disappearance.
“We have a masked individual captured on multiple cameras approaching the property,” Nanos said. “We are working to enhance that footage and cross-reference it with other digital evidence to build a timeline.”
He declined to release specific images publicly, citing the need to protect the integrity of the investigation, but said tips generated from enhanced video have led to “several persons of interest” being interviewed. Authorities are also examining vehicle movements in the neighborhood and phone data from cell towers near the residence.
Genetic Genealogy and DNA Developments
One of the most significant updates involves advanced DNA analysis. Partial profiles recovered from the scene have been uploaded to genealogical databases with court approval. Investigators hope this will help identify relatives of a potential suspect, a technique that has solved numerous cold cases in recent years.
“Forensic genealogy is a powerful tool when traditional methods stall,” Nanos explained. “We are exploring every scientific avenue available.”
The sheriff emphasized that Nancy’s family, including her daughter Savannah Guthrie, the NBC “Today” co-anchor, remains fully cooperative and is not considered a suspect. Tommaso Cioni, who was the last known person to see Nancy alive, has been interviewed multiple times and has voluntarily provided DNA and vehicle access.
Public Tips and Community Involvement
The investigation has received more than 2,800 tips from the public. Nanos said many have been helpful in filling timeline gaps, particularly from residents who installed new security cameras or recalled unusual activity in late January. A $1 million reward offered by the family continues to generate leads.
“We appreciate the community’s patience and continued vigilance,” Nanos said. “Every tip is reviewed. Some have taken us in very productive directions.”
Khloé Kardashian recently drew attention to the case on her podcast, questioning the lack of arrests and suggesting more information should be released. While celebrity involvement can generate tips, authorities have urged the public to avoid spreading unverified theories that could complicate the probe.
Challenges in a High-Profile Case
More than 100 days into the investigation, the case remains classified as a missing person inquiry with elements of a possible abduction or homicide. The absence of a body or clear motive has made it particularly difficult. Officials say they are treating it as both a search-and-rescue and criminal investigation simultaneously.
The rugged terrain around Catalina Foothills and the passage of time have complicated ground searches. However, drone technology and specialized search dogs continue to be deployed in targeted areas based on new tips.
Digital evidence remains the strongest avenue forward. Investigators have built a comprehensive timeline using cell phone data, financial records and vehicle GPS information. “We are mapping her final known movements with increasing precision,” Nanos added.
Family’s Continued Agony
Savannah Guthrie has made occasional public appeals for information while largely staying out of the media spotlight to focus on her family and work. In a recent statement, the family thanked the community for its support and asked for privacy as they continue to hope for Nancy’s safe return.
Nancy Guthrie was described by neighbors as an active, kind-hearted woman involved in church activities and family gatherings. Her sudden disappearance has left a void in the tight-knit Catalina Foothills community, where yellow ribbons and “Bring Nancy Home” signs remain visible.
Sheriff’s Message to the Public
Nanos urged anyone with information, no matter how small, to come forward. “If you saw something unusual, heard something, or know someone who was acting differently in late January, please call us,” he said. “The smallest detail could break this case wide open.”
The sheriff also addressed online speculation, particularly theories surrounding family members. “We have cleared certain individuals and continue to focus on evidence, not rumors,” he stated firmly.
The investigation continues to receive assistance from the FBI’s Behavioral Analysis Unit and forensic labs across the country. Officials say they will not rest until Nancy is found and those responsible are held accountable.
As the search enters its fourth month, hope remains that the combination of forensic science, digital evidence and public tips will finally bring answers to the Guthrie family. For now, Tucson and the nation continue to watch and wait for resolution in a case that has captured widespread attention.
Anyone with information is urged to contact the Pima County Sheriff’s Department tip line or submit anonymously through Crime Stoppers. The $1 million reward remains active.
Business
Navitas Semiconductor NVTS Stock Plunges 4.5% on AI Power Chip Demand Fears
NEW YORK — Navitas Semiconductor Corp. shares dropped sharply Friday, closing at $21.32 after losing $1.00 or 4.48 percent, as investors grew concerned about moderating demand for the company’s gallium nitride power chips used in AI data centers and high-efficiency electronics.
The decline extended into after-hours trading, with the stock falling another 0.38 to $20.94. The sell-off erased roughly $250 million in market value in a single session and marked one of Navitas’ steeper daily drops this year, highlighting growing nervousness around the artificial intelligence supply chain after months of explosive gains.
Navitas, a leader in next-generation gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, has ridden the AI boom thanks to strong demand for its fast-charging, energy-efficient chips in data centers, EV chargers and consumer electronics. However, Friday’s move suggests some investors are beginning to question whether the pace of AI infrastructure buildout can sustain current valuations across the power semiconductor sector.
“Navitas remains well-positioned in the GaN market, but the broader AI trade is taking a pause,” said one semiconductor analyst at a major investment bank. “Any perceived slowdown in hyperscaler spending creates immediate pressure on names like NVTS that trade at premium multiples.”
What Triggered the Decline
The drop accelerated after several reports indicated that some major cloud providers are reassessing the speed of their 2026 AI server deployments. While Navitas has posted impressive growth — with revenue more than doubling in recent quarters — the market appeared to price in the risk of a more measured ramp in the second half of the year.
Broader sector rotation also contributed. Technology and semiconductor stocks faced headwinds as money flowed into other areas of the market. Rising Treasury yields added further pressure on growth-oriented names like Navitas, which carries a high price-to-sales multiple typical of high-growth semiconductor companies.
Despite the pullback, Navitas shares are still significantly higher than levels from a year ago, reflecting the company’s strong fundamental progress in capturing share in the fast-growing GaN power market. The technology offers superior efficiency and smaller size compared to traditional silicon chips, making it ideal for AI power delivery systems where heat and energy consumption are major challenges.
Company Fundamentals Remain Strong
Navitas executives have repeatedly expressed confidence in the long-term AI opportunity. The company’s GaN chips are designed into multiple next-generation AI server platforms, and management has guided for continued robust growth through 2026 and beyond.
In its most recent earnings report, Navitas highlighted design wins with major hyperscalers and expanding partnerships in the automotive and renewable energy sectors. The company’s transition to higher-volume production and improving gross margins have been key positives for investors.
However, like many AI-related stocks, Navitas trades at a valuation that leaves little room for disappointment. Any softening in guidance or slower-than-expected customer ramps could trigger further volatility.
Analyst Views Split on Near-Term Outlook
Wall Street’s reaction has been mixed. Several firms maintained Buy ratings after the drop, citing Navitas’ technology leadership and expanding addressable market. Others have turned more cautious, noting increased competition from established silicon players and potential delays in AI infrastructure spending.
Longer-term, most analysts remain bullish. The global shift toward energy-efficient power electronics, driven by AI, electric vehicles and renewable energy, creates a multi-year tailwind for GaN and SiC technologies. Navitas is one of the few pure-play companies positioned to benefit directly from this transition.
Broader AI Supply Chain Pressure
Friday’s move in Navitas mirrors recent pressure on other AI-related names, including NVIDIA and various power management companies. Investors appear to be rotating out of some of the most extended AI plays while still maintaining overall exposure to the theme through more diversified positions.
This rotation reflects a healthy maturation of the AI trade rather than a fundamental loss of faith, according to many market observers. However, it does create short-term volatility for high-growth semiconductor companies like Navitas.
What Investors Should Watch
Looking ahead, Navitas’ next earnings report and any updates on design wins with major AI customers will be closely scrutinized. The company is also expanding its presence in automotive and industrial markets, providing some diversification from pure AI exposure.
For long-term investors, the current pullback may represent an opportunity to accumulate shares in a company at the forefront of a critical technology shift. For shorter-term traders, the stock’s volatility makes it a high-risk, high-reward name that requires careful monitoring of AI spending trends.
The semiconductor sector as a whole remains in a strong upcycle driven by artificial intelligence, but individual names are increasingly being judged on their ability to deliver consistent growth and meet lofty expectations. Navitas, with its innovative GaN platform, continues to have significant upside potential if it can execute on its ambitious roadmap.
As markets digest Friday’s decline, attention turns to whether this represents a healthy correction or the start of a deeper consolidation phase for AI power semiconductor stocks. For now, most signs point to the former, with Navitas’ strong competitive position and expanding market opportunities keeping the longer-term thesis intact for patient investors.
The coming weeks will provide more clarity as the company updates investors on customer momentum and industry trends. In the fast-moving world of AI infrastructure, Navitas remains one of the more intriguing pure-play opportunities — even after Friday’s sharp sell-off.
Business
Palestinian leader’s son wins role in Abbas’ party, official says

Palestinian leader’s son wins role in Abbas’ party, official says
Business
Jabil: Margin Expansion Is Just Beginning
Jabil: Margin Expansion Is Just Beginning
Business
Israeli strikes kill four people in Gaza, medics say

Israeli strikes kill four people in Gaza, medics say
Business
$9 million meal? Warren Buffett and Stephen Curry charity dinner fetches record-breaking bid
The winner and up to seven guests will attend a private dinner on June 24 in Omaha, Nebraska, with Buffett, Curry and Curry’s wife Ayesha Curry. The proceeds from the auction will be shared between two non-profit organisations, Glide Foundation and Eat. Learn. Play.
According to CNBC, Buffett has also agreed to match the winning bid for each non-profit, taking the total charitable contribution linked to the event to nearly $27 million. The fundraiser combines two globally recognised personalities from very different worlds, Buffett, one of history’s most successful investors, and Curry, one of basketball’s biggest modern stars.
Buffett, 95, built Berkshire Hathaway into one of the world’s largest conglomerates and is widely known as the “Oracle of Omaha” for his long-term investing success.
Curry, meanwhile, is among the most influential players in NBA history. The Golden State Warriors guard is a four-time NBA champion and two-time league MVP.
The auction is also one of the biggest celebrity charity fundraising events globally.
Buffett previously raised around $53.2 million for Glide through 21 charity lunch auctions held between 2000 and 2022. CNBC reported that the record for the highest winning bid in those auctions was set in 2022 at $19 million, which eBay described as the largest amount ever paid in a charity auction on the platform.Glide, based in San Francisco’s Tenderloin district, works with homeless individuals, low-income communities and people battling substance abuse.
Buffett’s association with Glide dates back decades and began through his late first wife Susan Buffett, who volunteered with the organisation before her death in 2004.
The other beneficiary, Eat. Learn. Play., was founded by Stephen and Ayesha Curry and focuses on childhood nutrition, literacy and physical activity programmes.
The latest fundraiser also reflects Buffett’s long-standing approach to philanthropy.
The billionaire investor has repeatedly argued that successful businesses and charitable organisations can work together to create wider social impact. He has pledged to donate nearly all of his fortune, currently estimated by Forbes at around $143.5 billion, through a charitable trust overseen by his children.
Business
Green Dot stock surges 73% after InvestingPro Fair Value alert

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