-- Tianneng Power's (HKG:0819) unit Tianneng Battery Group completed the issue of 1 billion yuan bonds to professional investors, according to a Hong Kong bourse filing Thursday.
The bonds carry a fixed interest rate of 1.58% per annum and will fall due in three years.
The battery manufacturer intends to use proceeds to repay bank borrowings and bonds payable.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Bio-Techne delivered Q3 FY 26 (Jun.) adjusted EPS of $0.53, in-line with consensus, while sales declined 2% to $311.4M amid challenging conditions and unfavorable Commercial Supply timing. Double-digit pharma growth for the sixth consecutive quarter helped offset the gradually recovering biotech funding environment. We believe the company's diversified portfolio and strong financial flexibility position Bio-Techne to capitalize on improving market conditions. Management expressed cautious optimism about improving end-market fundamentals, noting early indicators of better alignment between biotech funding and customer purchasing. U.S. academic markets showed stabilization with low-single-digit growth, representing improvement from recent weakness. Protein Sciences revenue declined 1% to $226.2M with 44.2% operating margin, while Diagnostics and Spatial Biology revenue fell 4% to $85.6M but operating margin improved to 12.1% following the Exosome divestiture.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:APO delivered strong Q1 2026 results with record fee-related earnings of $728M (+30% Y/Y) and adjusted net income of $1.94 per share. Total AUM surpassed the $1T milestone at $1.026T (+31% Y/Y) due to record inflows of $115B, while fee-generating AUM was $836B (+40% Y/Y). We think the ALT investment cycle is accelerating with higher private equity monetization activity, positioning APO as a market leader in private credit. Even with negative media on private credit, APO's Credit segment realized $108B in quarterly inflows and outflow of $20B. APO did not provide specific 2026 guidance, but trends are favorable, in our view. Management fees grew 24% Y/Y to $952M, with perpetual capital representing 60% of total AUM. We think APO is well-positioned for accelerated performance fee monetization with $74B in dry powder and superior credit quality at 11 bps losses versus 12 bps industry average. The firm returned $1.5B to shareholders through dividends and repurchases while implementing a new $4.0B buyback program.
Energy stocks were lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 4%.The United States Oil Fund (USO) was down 7.5%, while The United States Natural Gas Fund (UNG) was 1.4% lower.Front-month US West Texas Intermediate crude oil was down 10% at $91.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 9.6% to $99.34 per barrel, and natural gas futures were 2.5% lower at $2.72 per 1 million British Thermal Units.TotalEnergies (TTE) shares were down more than 4% before the opening bell, reversing the 1.4% gain from the prior session. The company said it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.Equinor (EQNR) shares were down more than 8% premarket after the company reported lower Q1 revenue.Select Water Solutions (WTTR) stock was up over 4% after the company reported better-than-expected Q1 earnings and revenue.