Q1: 2026-04-29 Earnings Summary

EPS of $0.29 beats by $0.06

 | Revenue of $48.41M (46.27% Y/Y) misses by $1.17M

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Bayer issued a recall for nearly 800,000 units of Afrin nasal spray bottles after the packaging was found to be not child resistant on Thursday.

The U.S. Consumer Product Safety Commission (CPSC) announced the recall Thursday, saying any customers who purchased the product are entitled to a refund. The recall impacts 786,100 units of the 6ml travel-size Afrin nasal spray.

“This recall involves unexpired Travel Size Afrin® Original Nasal Spray 6 mL bottles, with Lot numbers 230361, 240822, 241198, 250066, 250152, 250646, and 250831. These travel size bottles have ‘Afrin® Original Nasal Spray’ and ‘1/5 FL OZ (6 mL)’ printed on a label located on the front of the bottle,” the CPSC recall reads.

“The 6 mL nasal spray’s packaging is not child-resistant nor bears the required labeling statement, posing a risk of serious injury or illness from poisoning if the contents are swallowed by young children,” the statement added.

BEEF STICKS FOOD PRODUCT RECALLED FOR ‘PIECES OF METAL’ FOUND INSIDE

The CSPC issued a recall for Afrin nasal spray. (CSPC)

No injuries have been reported in connection with the recall.

The news comes just a day after nearly 13,000 toddler towers across three brands were recalled after dozens of incidents and 21 injuries were reported due to stools collapsing or tipping, according to the CPSC.

The three affected products — Toetol Tower Stools, Wiifo Children’s Tower Stools and Amzcmj DGD Children’s Tower Stools — total about 12,830 stools, according to notices from the Consumer Product Safety Commission.

CHOCOLATE-COVERED SNACK PRODUCT SOLD IN 16 STATES RECALLED FOR POTENTIALLY UNDECLARED ALMONDS AND CASHEWS

Toetol Tower Stools, Wiifo Children’s Tower Stools and Amzcmj DGD Children’s Tower Stools (Consumer Product Safety Commission)

The recall covers about 3,000 Toetol Tower Stools, 9,700 Wiifo Children’s Tower Stools and 130 Amzcmj DGD Children’s Tower Stools.

“The recalled tower stools can collapse or tip over while in use and a child’s torso can fit through the openings on the tower’s sides, posing a risk of serious injury and death due to tip over, fall and entrapment hazards,” the notices read.

For the Toetol Tower Stools, there have been 18 reports of the stools collapsing, resulting in 11 injuries, including contusions, cuts and scrapes.

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The wooden kitchen tower step stools were sold in white, gray and dark wood colors and measure about 20 inches deep, 15 inches wide and 36 inches tall with model DETD0001 printed on a label on the side. They were sold online on Amazon from October 2024 through March 2026 for about $130.

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Hertz is expanding beyond its traditional car rental business through a new partnership with Uber aimed at powering both autonomous robotaxi fleets and driver-led rideshare operations, signaling a broader shift in the transportation industry.

Under the agreement, Hertz’s newly launched unit, Oro Mobility, will manage vehicle operations for Uber, including maintenance, charging, cleaning and logistics for autonomous vehicles. 

The robotaxi service, which will use Lucid vehicles equipped with Nuro self-driving technology, is expected to launch in the San Francisco Bay Area later this year, with potential “expansion opportunities” in 2027.

Hertz will also supply and operate fleets of vehicles driven by its own employees on Uber’s platform, building on a pilot program that has already expanded into Los Angeles and San Francisco with additional markets planned.

UBER, RIVIAN INK $1.25B DEAL TO PUT THOUSANDS OF ROBOTAXIS ON US STREETS

A Lucid Gravity autonomous taxi at the first National AV Safety Forum held by the National Highway Traffic Safety Administration at the Department of Transportation headquarters in Washington, D.C., March 10, 2026. (Alex Kent/Bloomberg via Getty Images)

The partnership highlights a shift in the ridesharing model away from individual car ownership toward centrally managed fleets. Hertz is positioning itself as a transportation infrastructure provider, leveraging its expertise in large-scale vehicle logistics and maintenance.

Uber, meanwhile, is continuing to emphasize a platform-driven model, relying on partners like Hertz to manage fleet operations as it scales both human-driven and autonomous rides.

For Hertz, the deal represents a high-stakes bet on a new growth strategy after years of turbulence, while, for Uber, it marks another step toward a hybrid network that could eventually integrate human drivers with self-driving vehicles at scale.

Uber is continuing to emphasize a platform-driven model. (Smith Collection/Gado/Getty Images)

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“Partnering with Hertz’s Oro Mobility will help us continue to bring the best autonomous technology onto the Uber platform and accelerate the transition to a hybrid network in which both driver-led and autonomous rideshare operations can scale and serve communities reliably and efficiently,” Uber’s Andrew Macdonald said in a statement. 

“By combining Uber’s global platform and marketplace leadership with Oro’s dedicated fleet management expertise, we are well-equipped to meet increasing rideshare demand and deliver a seamless, high-quality rider experience across the entire mobility ecosystem.”

About 36,000 Build-A-Bear plush bears are being recalled due to a potential choking hazard, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.

The recall involves the Heartwarming Hugs weighted plush bear, which features a side pouch containing a heart filled with 2.5 pounds of ceramic beads that can be heated or cooled.

According to the CPSC, the pouch is secured with a zipper, but the zipper slider can detach, posing a choking hazard.

No injuries have been reported, but one incident in the United Kingdom involved the zipper slider detaching, the agency said.

COCAINE AND FENTANYL FOUND HIDDEN INSIDE BARBIE DOLL PACKAGING SOLD TO CUSTOMERS, POLICE SAY

A close-up of a Build-A-Bear plush bear included in a recall after officials warned a zipper component could pose a choking hazard. (U.S. Consumer Product Safety Commission / Unknown)

“The safety and wellbeing of our guests and their families is our highest priority,” Build-A-Bear said in a statement. “Out of an abundance of caution, consumers should immediately stop using the recalled Heartwarming Hugs Bear and return it to a local Build-A-Bear Workshop store to receive a refund in the form of the original payment or a gift card for the purchase price.”

The product is intended for ages 3 and up and includes a cautionary label advising adult supervision due to the heated and cooled element.

The bears were sold at Build-A-Bear Workshop stores and online beginning in January for about $48.

NEARLY 13K TODDLER TOWERS RECALLED AFTER DOZENS OF INJURIES FROM STOOLS COLLAPSING, TIPPING

Build-A-Bear external store sign.  (Peter Dazeley/Getty Images)

The recall involves model number 034464, which can be found sewn into the back of the bear’s leg.

Consumers are urged to stop using the recalled bears immediately and return them to a Build-A-Bear Workshop store for a refund.

Customers who cannot visit a store can request a free return shipping label through the company’s website.

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A recall has been issued for certain Build-A-Bear plush toys over a potential choking hazard. (Enrico Mattia Del Punta/NurPhoto / Getty Images)

Build-A-Bear can be reached at 844-541-0144 or by email at ProductHotline@buildabear.com. More information is available on the company’s website under its recall section.

It’s gross profit reached Rs 476 crore (USD 51 million), growing 49% Y-Y, with gross margins sustained at 23% on a significantly larger revenue base.

India revenue grew 57% Y-Y vs 48% overall, with India now contributing 88% of total revenue while International (GCC + ROW) contributes the balance 12%.

“Even with the scale, we are still operating at low single digit market share and that allows us room to think beyond the next 5 years of growth,” said Tanuj Shori, Founder and CEO, Square Yards.

Square Yards facilitated over 2,73,643 customer acquisitions in FY26.

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Bangalore leads real estate GTV share at 30%, followed by Mumbai (19%), Delhi NCR (11%), Pune (10%), and Hyderabad (6%). International (Global Real Estate) contributed 21% of GTV.
Square Yards’ fintech arm Urban Money reported a total GTV of Rs 87,831 crore in FY26, with mortgage loans commanding 86% share. Non-mortgage products contribute the remaining 14%, spread across business loans (6%), personal loans (4%), and others (4%), indicating early but meaningful diversification.

DUBAI, United Arab Emirates — Nearly two months into the 2026 Iran conflict, the Strait of Hormuz remains effectively closed to most commercial traffic as a US naval blockade clashes with Iranian threats, driving oil prices above $120 per barrel and stranding thousands of seafarers while threatening global energy security.

The narrow waterway, through which roughly 20% of the world’s oil and liquefied natural gas typically flows, has seen traffic drop to a fraction of normal levels since late February when US and Israeli strikes on Iran triggered Iranian retaliation and a shutdown of the chokepoint. Despite diplomatic efforts and a fragile conditional ceasefire, shipping remains severely restricted, with only limited passages for vessels from “non-hostile” nations.

US President Donald Trump has signaled the blockade on Iranian ports will continue until safe passage through the strait is guaranteed, while floating ideas such as a maritime coalition to reopen the route. Iran has responded defiantly, with officials warning of “long and painful strikes” against US positions if attacks resume and maintaining control over the waterway. Supreme Leader Mojtaba Khamenei and other Iranian figures have vowed not to cede sovereignty.

Recent incidents have heightened tensions. Iranian forces have seized vessels, including reports of attacks on ships attempting transit, while the US has conducted operations against Iranian-linked shipping. At least a dozen commercial vessels transited the strait in recent 24-hour periods, but overall volume remains minimal compared to pre-crisis levels of thousands per month.

The economic fallout has been swift and severe. Benchmark oil prices surged on fears of prolonged disruption, though some retreat occurred as alternative routes and stockpiles provided limited relief. Global supply chains for energy, fertilizers and other goods face strain, with insurance premiums for the region skyrocketing and shipping companies rerouting at significant cost. The United Nations has warned of humanitarian impacts, with seafarers stranded and aid deliveries complicated.

Analysts describe the strait as a high-stakes leverage point in the broader conflict. Iran’s ability to threaten or disrupt passage has long been a strategic deterrent, but the current blockade and counter-measures have created a dangerous standoff. Pakistan-mediated talks continue, with reopening the strait a central demand, yet mutual distrust and military posturing have stalled progress.

Maritime security experts highlight risks from mines, drones, small boats and miscalculation. The International Maritime Organization and other bodies have urged de-escalation, noting that ships and crews have become unintended pawns in geopolitical disputes. Dozens of vessels remain anchored or diverted in the Persian Gulf, with thousands of seafarers affected.

For energy markets, the crisis underscores the vulnerability of critical chokepoints. While US oil exports have hit records and alternative suppliers have increased output, prolonged closure could trigger broader shortages, particularly in Asia. European and other importers also face higher costs and logistical challenges.

Regional actors navigate complex positions. Gulf states balance relations with the US and concerns over escalation, while China and others with interests in Iranian oil seek diplomatic solutions. A Russian-linked superyacht reportedly transited the area recently, highlighting selective allowances amid the chaos.

Military analysts caution that forcibly reopening the strait would require significant resources and carry high risks of escalation. US officials have discussed coalition-building for “maritime freedom,” but allied enthusiasm varies. Iran’s diminished naval capacity is offset by asymmetric threats that could still inflict damage on commercial and military vessels.

Environmental and humanitarian concerns compound the crisis. Potential oil spills from attacks or accidents threaten fragile marine ecosystems, while disrupted fuel and goods flows impact civilian populations in the region and beyond. NGOs have called for humanitarian corridors to ensure delivery of essential supplies.

As negotiations drag on, markets and governments watch closely for any breakthrough. Trump’s public comments, including controversial map renamings and strong rhetoric, have added volatility to an already tense situation. Iranian responses remain firm, with officials insisting on ending the US blockade before full reopening.

The Strait of Hormuz crisis serves as a stark reminder of how regional conflicts can ripple globally through energy arteries. For now, limited traffic continues under high risk, oil prices stay elevated, and diplomats work against the clock to prevent further escalation. Resolution remains elusive, with the world’s energy security hanging in the balance of this narrow but vital waterway.