The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case. The DB Realty stock has risen 40%, while Unitech gained 4%. However, some of the intrinsic problems which plague these companies, and uncertainty over the outcome of the 2G scam case may prevent any major appreciation in the stock.

Scrapping of projects involving the government, delayed execution and difficulty in securing approvals for new projects – DB Realty has seen it all. The company did not launch any new projects in the September quarter and sold around 50-75% of its existing seven projects. Even the analyst community has washed its hands of the stock with most brokerages discontinuing their coverage on the stock.

The company’s net sales for the first half year ended September are down by 36%, while its net profit dropped by 76% during the same period. However, the company is extinguishing its debt by selling non-core assets.

At the end of the September quarter, the company managed to reduce its debt from Rs600 crore a year ago to Rs 230 crore. It is sitting on a substantial pileup of TDR (transfer of development rights), which can be realised to further boost cash flows of the company. However, the outcome of the 2G scam case on its promoters will weigh heavily on the business prospects of the company which has its projects predominantly in Mumbai.

Unitech is the second big real estate company to be impacted because of the alleged involvement of its top deck in the 2G scam. Besides the problems associated with all real estate companies, there are other challenges.

For instance, the company was at the receiving end of shareholders’ ire at its annual general meeting as they refused to approve a resolution to pay dividend on equity shares for the fiscal 2011. The company’s net sales and earnings have dropped by 17% and 45% respectively for the first half of this fiscal.
However, the business model continues to remain strong. Unitech has a presence in the affordable and mid-income housing segment which enables it to generate cash flows. It has been launching new projects, although the scale of execution is slow. Despite lower revenue recognition, it has managed to lower its debt through internal cash accruals.

It has an outstanding net debt of Rs 5,144 crore and a land bank of close to 7,000 acres with an average cost of acquisition of land of around Rs 250 per square feet. Despite strong fundamentals, the loss of credibility and uncertainty over the 2G probe will restrict any major upside in the stock. The stock continues to trade at a significant discount to its land value that analysts estimate to be at Rs 60.

ATLANTA — Krispy Kreme is marking National Doughnut Day on Friday with a straightforward offer for customers: one free doughnut of choice, no purchase necessary, available in-shop and at drive-thru locations across the United States.

The promotion, running all day June 5 while supplies last, celebrates the annual holiday dedicated to the sweet treat and its historical roots. Customers can select from a variety of options including the iconic Original Glazed, chocolate-iced, filled varieties and other classics, excluding limited-edition or specialty items.

“Stop in your local shop on Friday, 6/5 and get a FREE Doughnut of your choice, no purchase necessary,” Krispy Kreme stated on its official site. The offer is limited to one per guest at participating U.S. shop locations.

How to Redeem the Free Doughnut Offer

To take advantage of the deal today, simply visit a participating Krispy Kreme shop or drive-thru. No app, coupon or membership is required. Walk in, place your order for the free doughnut and enjoy. Drive-thru service also participates, offering convenience for those on the go.

Popular locations may experience lines, particularly during peak morning and afternoon hours. Arriving early or during off-peak times can help avoid waits. Shoppers should confirm participation with their local store via the Krispy Kreme website locator or by phone, as offers apply only at company-operated and select participating outlets.

In addition to the free single doughnut, Krispy Kreme offers a value deal: purchase any dozen doughnuts at regular price and receive a dozen Original Glazed for just $2. This option is available in-shop, drive-thru, online for pickup or delivery, subject to standard terms.

Background on National Doughnut Day

National Doughnut Day originated in 1938 in Chicago, established by the Salvation Army to honor the “Donut Lassies” — women volunteers who provided doughnuts to American soldiers during World War I. Operating under challenging conditions in France starting in 1917, they used improvised methods to fry thousands of the treats, boosting morale for the troops.

The holiday on the first Friday in June has since evolved into a nationwide celebration blending historical remembrance with modern promotions. Krispy Kreme’s giveaway continues a tradition of sharing joy through fresh doughnuts, often drawing crowds and generating community buzz.

Krispy Kreme’s Enduring Popularity

Founded in 1937 in Winston-Salem, North Carolina, Krispy Kreme is renowned for its light, airy doughnuts and the “Hot Now” sign that signals fresh batches coming off the conveyor. The brand operates hundreds of retail shops, emphasizing quality ingredients and on-site production.

The free doughnut promotion highlights the company’s customer engagement strategy. Past celebrations have created festive atmospheres, with staff distributing warm treats amid smiles and social media shares. The 2026 edition aligns with strong demand for indulgent, shareable experiences.

Beyond the free offer, Krispy Kreme’s menu features dozens of varieties, from simple glazed to filled, iced and seasonal specialties. Pairing a complimentary doughnut with coffee or other items can enhance the visit, though the no-purchase rule keeps the entry barrier low.

Tips for a Smooth Experience

Plan your visit strategically. Check store hours, which often start early in the morning. Bring friends or family to share the occasion, as the day encourages communal enjoyment. For those seeking more than one doughnut, combine the free single with the dozen deal to maximize value.

Be mindful of availability — popular flavors may run out at busy spots. Mobile ordering can help with the dozen promotion, though the free single remains an in-person experience. Respect store staff during high-volume periods to keep the positive vibes flowing.

Health considerations apply as with any treat. Nutrition experts recommend moderation, perhaps balancing the indulgence with physical activity. Many use the day as a fun, occasional reward rather than a daily habit.

Broader National Doughnut Day Landscape

Krispy Kreme shares the spotlight with other chains. Dunkin’ offers a free classic doughnut with any beverage purchase, while 7-Eleven, Duck Donuts, Lidl and others provide their own incentives. These collective deals amplify the holiday’s appeal and drive foot traffic industry-wide.

Social media platforms are filled with photos of hauls and customer reactions, turning individual visits into shared moments. Krispy Kreme’s approachable promotion reinforces its brand as accessible and celebratory.

Cultural and Economic Role

Doughnuts hold a special place in American culture as affordable comforts. National Doughnut Day provides an opportunity for chains to connect with consumers while nodding to historical service. For Krispy Kreme, it strengthens loyalty among fans who appreciate the no-strings generosity.

Economically, such promotions boost same-day sales and visibility. Independent shops sometimes join with unique local twists, fostering competition and community spirit. The day underscores doughnuts’ role as a simple pleasure bridging everyday routines and special occasions.

Looking Ahead

As National Doughnut Day unfolds, Krispy Kreme locations stand prepared to deliver fresh joy. The free offer represents more than a giveaway — it embodies celebration rooted in history and community connection.

Whether grabbing a quick treat during a commute, surprising colleagues or enjoying a family moment, today provides an ideal chance to participate. With clear redemption steps and widespread availability, Krispy Kreme makes it easy for everyone to join the fun.

Consumers are encouraged to act promptly, as supplies are limited and enthusiasm runs high. For the latest details or to locate the nearest shop, visit Krispy Kreme’s official resources. In a busy world, a free warm doughnut offers a sweet, momentary escape and a nod to the traditions that make such days special.

The promotion caps a week of focus on simple indulgences, reminding participants of the power of shared treats and community spirit. For Krispy Kreme enthusiasts, it’s another opportunity to savor the brand’s signature quality without cost.

MUMBAI: Alfa Laval (India), a subsidiary of Sweden-based Alfa Laval Corporate AB, today said its parent firm has raised the delisting offer price to Rs 2,850 a share.

In a filing with the BSE, Alfa Laval India said its parent company increased the delisting offer price after “considering the prevailing market conditions and with a view to reward shareholders”.

However, the company further said, “Offer price should in no way be construed as a ceiling or maximum price for the purpose of the reverse book-building process and the public shareholders are free to tender their equity shares at any price higher than the indicative offer price.”

Reacting to the news, the company’s shares surged by 14.40 per cent to close at Rs 2,710.85 a piece on the BSE. In the intra-day trade, the stock hit a 52-week high of Rs 2,742.

The entity that offers heat transfer, separation and fluid handling technologies would be delisted from the BSE and the National Stock Exchange.

In September 2011, the company’s board had accepted the delisting proposal and in October fixed a floor price of Rs 2,045 a share to buy out the outstanding public float.
Alfa Laval (India) had said the promoter firm would make a delisting offer to acquire up to 2,040,202 shares, accounting for 11.23 per cent stake in the domestic entity.

At present, the promoter company holds 88.77 per cent stake in Alfa Laval (India).

Thailand is navigating multiple fronts simultaneously. Politically, former PM Thaksin Shinawatra received a royal pardon, while Cambodia-Thailand maritime tensions escalate through UN arbitration. Economically, inflation eased to 2.79%, Thailand’s richest man plans a $4.3 billion AI infrastructure investment, and the country pursues a US trade deal. Tourism faces challenges as visa-free stays were reduced for 93 countries due to tourist misconduct, while Chinese visitor numbers decline. Legally, watchdogs target Meta over Facebook scams. Thailand also aims to become Asia’s content and entertainment hub.

Political Developments

Former Prime Minister Thaksin Shinawatra has been freed early from parole following a royal pardon, with reports indicating he plans to travel to Dubai. The high-profile release marks a significant moment in Thai politics, as Thaksin has remained a polarizing figure for decades. Separately, a Thai criminal court acquitted a political leader of lèse-majesté charges, a notable outcome given the country’s strict royal defamation laws.

Thailand’s consumer watchdog is pursuing multiple legal actions, including a planned civil suit against Meta’s Facebook for failing to protect users from scam advertisements, as well as action against Volvo Cars Thailand over unspecified consumer concerns. Authorities are also investigating a market fire that injured five people.

The government is facing internal scrutiny as well, with Thailand’s Department of Health (DOH) under bribery investigation related to procurement irregularities, adding to concerns highlighted in reporting on the country’s ongoing anti-corruption challenges.

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Cambodia-Thailand Maritime Dispute

One of the most significant diplomatic stories involves Thailand’s decision to enter UN maritime arbitration with Cambodia under UNCLOS (United Nations Convention on the Law of the Sea). Foreign Minister Anutin Charnvirakul confirmed Thailand will appoint conciliators for the UN-backed mediation process while halting all other bilateral talks with Cambodia. Analysts are examining whether this “compulsory conciliation” mechanism can effectively resolve the long-standing maritime border dispute.

Adding cultural tension to the diplomatic row, Cambodia has accused Thailand of replacing Hindu icons with Buddhist statues, further straining relations between the two neighboring nations.

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Economy and Investment

Thailand’s headline inflation rose to 2.79% in May, though it unexpectedly eased and remained within the target range. The cooling was driven by lower food and fuel prices, providing some relief to consumers amid sluggish confidence.

In a major investment announcement, Sarath Ratanavadi, Thailand’s richest man, unveiled plans for a $4.3 billion expansion in AI infrastructure and data centers, positioning Thailand as a regional hub for artificial intelligence. Supporting this ambition, DataSection announced deployment of 4,696 Nvidia B200 GPUs at a Thailand AI data center.

Siam Cement’s unit sold a nearly 15% stake in Chandra Asri Pacific for $763 million, a notable corporate transaction reflecting ongoing portfolio realignment in the region. Meanwhile, the government injected $3.7 billion in shopping subsidies to stimulate consumer spending amid weakening confidence.

Thailand is also racing to secure a reciprocal trade deal with the United States, a priority as global trade tensions continue. Officials emphasized the importance of using the OECD accession push to rebuild investor trust.

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Tourism and Visa Policy

Thailand made headlines globally when it reduced visa-free stay durations for over 93 countries, including the United States, citing concerns over tourist misbehavior. The maximum visa-free stay was shortened, prompting widespread discussion among travelers and expatriates.

Despite this, Thailand’s tourism sector remains ambitious. The country launched a next-generation border management system powered by cloud technology, and Phuket Airport introduced automated passport lanes to improve the visitor experience. Thailand’s film incentive program reached 100 foreign productions, generating over 20 billion baht for the economy.

However, challenges persist. Chinese tourism forecasts have been slashed by millions amid growing safety concerns among Chinese travelers, a significant blow given China’s historical importance as Thailand’s largest tourism market. Bangkok, Phuket, and Udon Thani all reported slight dips in visitor numbers, though the government continues pursuing ambitious plans to reposition Thailand as a global luxury and cultural travel destination.

On a positive note, Thailand and Bhutan announced a bold tourism partnership emphasizing sustainability, wellness, heritage travel, and cultural exchange — setting a new standard for experiential travel in Asia.

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Regional and International Affairs

Ten Israelis were deported from Thailand amid a crackdown on foreign-linked criminal activity. The U.S. Embassy issued a health alert regarding enhanced Ebola screening procedures effective June 2, 2026.

Japan and Thailand signed a memorandum on a new foreign worker program, reflecting growing labor cooperation between the two nations. Reports also highlighted that Japanese men’s retirement dreams in Thailand are falling short of expectations, a cultural and financial reality check for many hopeful expatriates.

SKYWORTH Solar announced accelerated expansion in Thailand as part of a global growth strategy, while Velesto secured a jackup drilling contract offshore Thailand for its Naga 6 rig, highlighting continued energy sector activity.

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Culture, Media, and Society

Thailand is making strides in the creative economy, launching the Bangkok International Content Market with ambitions to become the “Content Hub of Asia.” Grey Thailand’s “Fertilizer 2.5” campaign won Thailand’s first-ever Green Pencil at The One Show 2026, a landmark achievement in sustainable advertising.

Thailand’s controversial military lottery is drawing renewed scrutiny, with investigative reporting exploring the fairness and social impact of the compulsory conscription draw system.

Pride Month celebrations expanded nationwide, creating a network of LGBTQ+-inclusive tourism events connecting culture, travel, and community across the country.

A remarkable paleontological discovery was also reported — the first sauropod dinosaur fossil from Thailand’s Lower Cretaceous Khok Kruat Formation, enriching understanding of titanosauriform diversity in Southeast Asia.

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Key Takeaways

Thailand is navigating a complex landscape defined by political transitions, diplomatic tensions with Cambodia, major AI-driven investment, tourism policy reforms, and growing regulatory assertiveness. While economic fundamentals remain stable and investment momentum is building, the country faces real challenges in restoring tourist confidence, managing diplomatic disputes, and strengthening institutional integrity.

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TUCSON, Ariz. — FBI Director Kash Patel has intensified scrutiny on the handling of the Nancy Guthrie abduction investigation, claiming federal agents were initially kept out for four days after the February disappearance of the Arizona woman and mother of Savannah Guthrie.

Patel asserted that the FBI offered immediate assistance to Pima County authorities upon Nancy Guthrie’s reported disappearance on February 1 but faced delays in gaining full access. The high-profile case has drawn national attention due to the victim’s family connections and ongoing questions about evidence processing and inter-agency coordination.

“We showed up immediately and offered our assistance. We were not let in for four days. And that’s their choice,” Patel said in an interview with NewsNation. He added, “We offered our assistance to go test the DNA. And it’s up to them. They chose to use a private laboratory.”

Despite the reported early friction, Patel emphasized that federal support continues. “We continue to offer assistance,” he said. “I even visited our Tucson office, where we had 150 agents and analysts working on the Nancy Guthrie case to provide intelligence.”

The comments mark the latest public exchange in a case that has frustrated investigators and captivated public interest since Nancy Guthrie vanished under circumstances that initially suggested possible foul play. Authorities have treated the disappearance as an abduction, with searches involving multiple agencies yielding limited breakthroughs months later.

Background on the Disappearance

Nancy Guthrie, the mother of prominent television journalist Savannah Guthrie, was last reported seen in the Tucson area on February 1. Her disappearance prompted immediate concern from family members, who contacted local law enforcement and the FBI. The case quickly escalated due to the high-profile family ties and the lack of immediate leads or signs of voluntary absence.

Pima County Sheriff Chris Nanos responded personally to the scene on the night of the incident, providing local leadership. A spokesperson for the sheriff’s department pushed back against claims of delayed federal involvement, stating that coordination began promptly.

“Pima County Sheriff Chris Nanos is aware of FBI Director Kash Patel’s recent interview and statement,” the spokesperson said. “Sheriff Nanos responded to the scene the night of the incident, providing immediate local leadership and oversight. A member of the FBI Task Force was also notified and present at that scene, working alongside our personnel. The FBI was promptly notified by both our department and the Guthrie family.”

The spokesperson’s statement underscores a difference in perspectives regarding the timeline and extent of early collaboration, highlighting tensions that can arise in complex missing persons cases involving overlapping jurisdictions.

Ongoing Investigation and Federal Role

The FBI has maintained an active supporting role, contributing resources, analytical capabilities and intelligence support from its Tucson office. Patel’s visit to the local field office and mention of 150 dedicated agents and analysts illustrate the scale of federal involvement as the case remains unsolved.

DNA testing has emerged as a point of contention. Patel noted the FBI’s readiness to assist with forensic analysis, but local authorities opted for a private laboratory. Such choices are not uncommon in investigations where speed, specialized capabilities or chain-of-custody considerations influence decisions.

As of early June, no arrests have been made and no suspects have been publicly identified. Searches have covered significant areas in and around Tucson, with assistance from volunteer groups, canine units and technological tools. The family has offered rewards for information, and public appeals continue through media channels.

Challenges in High-Profile Missing Persons Cases

The Guthrie case exemplifies difficulties in abduction investigations, particularly when initial evidence is sparse. Factors such as potential digital footprints, witness accounts and physical traces require rapid, coordinated action across agencies. Delays — whether perceived or actual — can complicate timelines in time-sensitive probes where the first 48 hours are often critical.

Inter-agency dynamics frequently come under scrutiny in such matters. The FBI typically joins missing persons cases involving suspected foul play or interstate elements under protocols that allow for joint task forces. Public disagreements between federal and local leaders, while uncommon in tone, occasionally surface when political or operational differences arise.

Savannah Guthrie, co-anchor of NBC’s “Today” show, has maintained a relatively private stance on the investigation while expressing gratitude for ongoing efforts. The emotional toll on families in long-term missing persons cases is well-documented, often compounded by media attention and speculation.

Broader Context and Similar Cases

Arizona has seen several notable missing persons and abduction cases in recent years, drawing attention to regional law enforcement resources and response capabilities. The Pima County Sheriff’s Department, covering a large and diverse area including parts of the Sonoran Desert, frequently collaborates with federal partners on border-related and major crimes.

FBI Director Patel, appointed to the role earlier in the administration, has emphasized aggressive pursuit of high-visibility cases and transparency with the public. His comments on the Guthrie investigation align with a broader focus on accountability and rapid federal intervention where appropriate.

Forensic advancements, including improved DNA technologies and genetic genealogy, have revolutionized cold cases in recent years. The decision to use a private lab versus federal facilities can depend on backlog, expertise in specific testing and investigative strategy. Officials have not released detailed forensic findings publicly to protect the integrity of the probe.

Community and Law Enforcement Response

Local authorities continue to urge anyone with information about Nancy Guthrie’s whereabouts or activities around February 1 to come forward. Tips can be submitted anonymously through multiple channels, including the Pima County Sheriff’s tip line and FBI resources.

The case has mobilized community support, with vigils, search parties and awareness campaigns keeping Nancy’s name prominent. Media coverage, including national outlets, has sustained pressure for resolution while raising awareness of missing persons issues affecting thousands of families annually.

Experts in criminology note that public statements from high-level officials can sometimes aid investigations by generating tips but may also complicate inter-agency relationships if not carefully managed. In this instance, both sides affirm ongoing cooperation despite differing characterizations of early involvement.

Path Forward in the Investigation

As months pass since the disappearance, investigators are likely pursuing multiple avenues, including analysis of financial records, digital communications, vehicle data and potential connections to known offenders in the region. The substantial federal resources dedicated to the case suggest confidence in eventual progress.

Patel’s update, while revisiting early disagreements, also signals continued commitment. “We continue to offer assistance” underscores the FBI’s willingness to support local efforts without supplanting them.

For the Guthrie family, the prolonged uncertainty remains agonizing. Public appeals from Savannah and relatives have highlighted Nancy’s personal qualities and the void left by her absence. Resolution, whether through safe recovery or accountability for perpetrators, remains the shared goal.

Law enforcement officials across jurisdictions continue collaborating, with periodic reviews of evidence and fresh leads. Advances in technology and persistent public engagement provide hope in an otherwise challenging case.

The Nancy Guthrie abduction investigation serves as a reminder of the complexities in missing persons work and the importance of seamless federal-local partnerships. As new details emerge, authorities urge the public to remain vigilant and report any relevant information promptly.

While significant questions persist about the circumstances of Nancy Guthrie’s disappearance, the sustained multi-agency effort reflects determination to bring answers to her family and the community.

KOLKATA: Hundreds of worried fans of ailing Bollywood megastar Amitabh Bachchan today performed a yagna here to pray for his speedy recovery.

“We are using the auspicious occasion of Maha Shivratri to pray to Lord Shiva to help him recover painlessly from his health problems,” Sourav Banerjee of Amitabh Bachchan Fans Association of Kolkata, told.

Dressed in traditional attires, hundreds of fans carrying the actor’s posters thronged the Ekdaliya Evergreen Park in the afternoon for the hour-long yagna.

Ever since the news of Big B’s health problems broke, his admirers here, who have also built a temple for him in south Kolkata, have been a worried lot.

“We have been praying for his health and well-being ever since and are constantly monitoring media reports on his health,” Banerjee said.

Another of his fan blamed the actor’s “workaholic nature” for his medical condition.
“He has delivered hits after hits all his career and at this age of his life his body needs rest,” said 32-year-old Goutam Basak adding that they are planning a gala celebration when the superstar returns home from hospital. On February 11, 69-year-old Bachchan underwent an abdominal surgery but after he complained of acute pain, his stay at the hospital had to be extended.

Currently recuperating at the Seven Hills hospital, Big B’s health is now said to be improving.

NEW YORK — Shares of ServiceTitan Inc. climbed more than 5% Friday morning, reaching around $78.60, after the cloud-based software provider for home service trades delivered a solid earnings beat and raised its full-year guidance, signaling continued momentum in its core markets.

The move reflects investor enthusiasm for the company’s execution amid strong demand for digital tools that help plumbing, electrical, HVAC and other contractors manage operations more efficiently. ServiceTitan, which went public in 2025, has positioned itself as a leader in vertical software for the trades industry, benefiting from ongoing digitization trends.

ServiceTitan reported fiscal first-quarter 2027 revenue of $268.8 million, exceeding expectations, with earnings per share of $0.37 compared to consensus estimates around $0.19. The results marked a significant improvement from the prior year and highlighted robust subscription growth and operational leverage.

The company also lifted its fiscal 2027 outlook, boosting confidence among analysts who responded with upward revisions to price targets. Multiple firms, including Piper Sandler, BTIG and Morgan Stanley, maintained positive ratings while increasing their targets, with some reaching as high as $124.

Earnings Highlights and Business Momentum

ServiceTitan’s platform helps small and medium-sized businesses streamline scheduling, dispatching, invoicing, marketing and customer relationship management. First-quarter performance underscored accelerating adoption, with notable strength in subscription revenue and improving gross margins.

The beat-and-raise quarter comes as the home services sector continues to digitize, driven by labor shortages, rising customer expectations for quick responses and the need for better financial visibility. ServiceTitan’s software addresses these pain points, offering an end-to-end solution that integrates with field operations.

Analysts noted the results demonstrated durable growth despite a challenging macroeconomic backdrop for some discretionary spending. The company’s focus on recurring revenue provides visibility and resilience, key attributes for software investors.

Analyst Reactions and Price Target Increases

Piper Sandler maintained an Overweight rating and raised its price target from $100 to $115. BTIG kept a Buy rating and lifted its target from $90 to $110. Morgan Stanley held its Overweight rating while increasing its target from $118 to $124.

These revisions reflect optimism about ServiceTitan’s ability to capture market share in a large, fragmented industry. The trades software market remains underpenetrated, offering substantial runway for a platform like ServiceTitan.

Commentary from the earnings call emphasized AI-enhanced features and product innovations that further differentiate the offering. Management highlighted customer retention rates and expansion opportunities within existing accounts as drivers of future growth.

Company Background and Market Position

ServiceTitan serves thousands of businesses across North America, powering operations for contractors who often run complex, mobile workforces. Its platform has become a go-to solution for companies seeking to compete with larger players through technology.

Since its IPO, the stock has experienced volatility typical of growth-oriented software names, but consistent execution has helped build a loyal investor base. The current rally brings shares well above recent lows while remaining below all-time highs reached in 2025.

The home services industry, valued in the hundreds of billions, continues to evolve with technological adoption. Factors such as an aging housing stock, energy efficiency demands and consumer preference for seamless experiences create tailwinds for specialized software providers.

Broader Industry and Economic Context

ServiceTitan operates in a favorable environment where small businesses increasingly invest in digital transformation to improve efficiency and customer satisfaction. Rising labor costs and technician shortages have made scheduling and dispatching software essential rather than optional.

While interest rate sensitivity remains a factor for growth stocks, ServiceTitan’s focus on essential services provides some insulation compared to more discretionary tech segments. The company’s performance contrasts with broader market rotation seen Friday, where some high-valuation names faced pressure.

Analysts project continued revenue expansion in the mid-20% range for the full year, supported by new customer additions and upsell opportunities. Path to profitability and cash flow generation will be key metrics to watch in coming quarters.

Outlook and Strategic Initiatives

With the raised guidance, ServiceTitan enters the second half of fiscal 2027 with positive momentum. Management expressed confidence in its product roadmap, including enhanced analytics, mobile capabilities and potential international expansion.

Investors will monitor customer acquisition costs, churn rates and sales cycle lengths as indicators of competitive positioning. Partnerships with industry associations and hardware providers could further accelerate growth.

The stock’s reaction Friday underscores the market’s reward for clear execution and forward-looking commentary. Short interest, while notable, has not prevented positive sentiment from driving gains on strong fundamentals.

Investor Considerations

For those following the name, ServiceTitan represents exposure to a resilient vertical software market with significant scale potential. Valuation metrics have moderated from peak levels, offering a more balanced risk-reward profile for growth investors.

Risks include competition from other platforms, economic slowdowns affecting contractor spending and execution challenges as the company scales. However, the first-quarter results and outlook suggest management is navigating these dynamics effectively.

As ServiceTitan continues to innovate and expand its footprint, the stock could remain in focus for software and small-cap growth portfolios. Friday’s trading volume was elevated as the market digested the earnings details and analyst commentary.

The company’s progress highlights broader trends in digital transformation across traditional industries. For the trades sector, tools like ServiceTitan are helping modernize operations and drive productivity gains that benefit both businesses and consumers.

Market participants will watch upcoming quarters for sustained momentum and further margin improvement. With a strong start to fiscal 2027, ServiceTitan appears well-positioned to capitalize on its market opportunity in the years ahead.

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4D Molecular Therapeutics, Inc. (FDMT) Jefferies Global Healthcare Conference 2026 June 3, 2026 3:10 PM EDT

Company Participants

David Kirn – Co-Founder, President, CEO & Director
Chris Simms

Conference Call Participants

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Faisal Khurshid – Jefferies LLC, Research Division

Presentation

Faisal Khurshid
Jefferies LLC, Research Division

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All right. Good afternoon, everyone. Thank you to those of you in the room and those dialed in on the webcast. My name is Faisal Khurshid. I’m one of the Senior Biotech Analysts here at Jefferies. Really pleased to have with us the management team of 4D Molecular Therapeutics. 4D is a super interesting company working on gene therapies for the masses with a lead-program and approach in wet AMD. So we have with us today David Kirn, CEO; Kristian Humer, CFO; and Chris Simms, Chief Commercial and Chief Business Officer. So with that, David, could I ask you to please start by introducing the company?

David Kirn
Co-Founder, President, CEO & Director

Yes. Thanks for having us. It’s a pleasure to be here. I think we’re going without slides today. Is that correct?

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David Kirn
Co-Founder, President, CEO & Director

Great. So, we’re a next-generation AAV gene therapy company with a lead product, 4D-150 for wet AMD and diabetic eye disease. Our underlying technology is directed evolution, which is a Nobel Prize-winning technology that allows us to invent best-in-class vectors that have the features that we want for large-market products like 4D-150. So, it’s been a powerful platform for us. It’s allowed us to invent and develop 4D-150, which expresses the industry-leading anti-VEGF aflibercept, but does it in a continuous fashion, 24 hours a day, 7 days a week. It right in the back of the retina, right on site where it’s needed.

So we think this is fundamentally a

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That’s right, business is booming. Who do you think creates jobs? That’s a serious question. The answer is not consumer spending, which is what 99% of overeducated economists and media types will tell you. It’s business that creates jobs. And by the way, jobs are booming.172,000 in May. Last three months 188,000 average. April and March revised up 93,000. All these results are twice as much as predicted, but the point I want to make is that jobs are not created from thin air. They are created by profitable moneymaking businesses, large or small.

And the important part about Trumpian economic policy is that as a former businessman, he knows how the American economic engine really works. So he has given business significant supply-side tax relief for 100% depreciation, and dropping the corporate tax, and low small business taxes. And that bet is paying off big time.

And here’s another key point. Even with the Iran war temporary bump up of inflation, wages are still beating prices. For all workers over the past year, average hourly earnings are up 3.4% and aggregate hours worked up 0.9%. You must add them together to get total wage income compensation – most economists and journalists don’t, so they are wrong – but that gives you 4.3% wage income and that is still higher than the temporarily inflated 3.8% CPI. The unemployment rate is 4.3%.

Over the past year, foreign-born workers have dropped over 100,000, while native-born jobs have jumped almost 400,000. There’s no A.I. job loss effect thus far.

But let me circle back to the importance of business. You have to have a healthy, profitable business in order to have the resources to hire more workers and pay better wages and salaries. If you’re losing money, you’re going to lay off workers and shrink pay.

So profits, which are the mothers milk of stocks and the lifeblood of the economy, are absolutely crucial. Macroeconomists, especially from northeastern and bicoastal universities do not seem to understand this. And their graduates in the media do not understand this. Profits are the key, they’re not a dirty word. So when President Trump eased the tax on profits in the one big beautiful bill, he knew what he was doing. He was creating jobs at higher wages.

And then follow the real economic logic, a successful moneymaking, profitable business hires more workers, pays better wages, and those wages are the incomes of working families sitting around the kitchen table. And that turns into what’s called consumer spending.

But the business comes first and then the logic passes all the way through to so-called consumer spending. People don’t seem to understand that, but this is how our free enterprise economy works. As the late Jack Kemp used to say, the trouble with Democrats is that they like jobs, they just don’t like the business that creates jobs. 

Now there were plenty of tax cuts on individuals: tips, overtime, social security, seniors, all in one, big, beautiful bill.

And here’s a final point on profits, they are booming. And because they’re booming, and because business is booming, wages are gonna skyrocket and the economy is going to grow faster than almost anyone thinks possible. If only republicans would talk about this for the midterms.