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argenx reported third-quarter 2026 global product net sales of VYVGART of $1.7 billion, up 54% year over year and 13% quarter over quarter. Positive Phase 3 ALKIVIA results showed consistent treatment effects in IMNM and dermatomyositis, with an sBLA for IMNM on track for submission by year-end 2026. The company submitted an sBLA for ocular myasthenia gravis to the FDA, and a pediatric gMG sBLA was accepted for priority review with a PDUFA target date in February 2027. Phase 3 EMPASSION topline results for empasiprubart in MMN are expected in December 2026, while FB102 is advancing to Phase 3 in celiac disease. argenx continues to target treating 50,000 patients, securing 10 labeled indications and advancing five candidates into registrational development by 2030.
- Sonoco Reports Third Quarter 2026 Results
Sonoco's third-quarter net sales were $2.0 billion, down 4.2% year over year mainly due to the ThermoSafe divestiture, and essentially flat excluding divestitures. The company reported a GAAP net loss of $732 million, or $7.36 per diluted share, driven by an $829 million non-cash goodwill impairment, while adjusted net income was $167 million ($1.67 per share) versus $191 million a year earlier. Operating cash flow was $285 million, and total debt fell $162 million after the company refinanced an $800 million term loan. CEO Howard Coker cited drought in Europe and the U.S. and higher inflation costs, while Industrial Paper Packaging posted URB trade ton sales up 10% and 94% mill utilization. Consumer Packaging volume/mix fell 3% on adverse weather and unfavorable price/cost dynamics.
- Kinder Morgan Reports Record Third Quarter 2026 Financial Results
Kinder Morgan declared a third-quarter cash dividend of $0.2975 per share ($1.19 annualized), payable November 16, 2026, a 2% increase over the third quarter of 2025. The company reported net income attributable to KMI of $764 million, up from $628 million a year earlier, and Adjusted EBITDA of $2.18 billion, up 9%. EPS and Adjusted EPS were $0.34 and $0.35, both up 21% year over year. Its expansion project backlog rose $4.7 billion from the second quarter to $14.4 billion, including a record $13.2 billion natural gas portion that adds the Southeast Connector and Permian Link pipeline projects. Net debt to Adjusted EBITDA was 3.5 times, at the low end of its target range.
- Manhattan Bridge Capital, Inc. Reports Third Quarter Results for 2026
Manhattan Bridge Capital (Nasdaq: LOAN) reported third-quarter 2026 total revenues of about $2,054,000, up 0.9% from a year earlier, as higher origination fees offset lower interest income from competitive pricing. Net income was about $1,238,000, or $0.11 per share, up 3.0% year over year. For the nine months, revenues fell 7.5% to about $6,166,000 and net income declined 8.1% to about $3,665,000, mainly due to lower interest rates and origination fees amid greater competition. On October 8, 2026, the board raised the buyback authorization from 100,000 to 250,000 shares and extended the program through October 8, 2027. CEO Assaf Ran said rising rates are pressuring real estate markets, though hard money rates have stayed roughly flat due to intense competition.
- CNB Financial Corporation Reports Third Quarter 2026 Results
CNB Financial Corporation (NASDAQ: CCNE) reported third-quarter 2026 earnings available to common shareholders of $27.0 million, or $0.91 per diluted share, roughly flat from the prior quarter and up from $18.9 million a year earlier; prior-year figures were recast under ASU 2025-08, not restated for errors. Compared with adjusted earnings of $22.5 million for Q3 2025 (excluding ESSA Bancorp merger costs), earnings rose $4.5 million. Total loans excluding $124.1 million of syndicated loans reached $6.5 billion, up $76.5 million or 1.19% from June 30, driven mainly by commercial and residential real estate. Deposits fell $32.6 million (0.46%) as the bank exited about $76.1 million of higher-cost corporate deposits at a 3.69% cost; excluding that, deposits rose about $43.5 million. Net interest margin was 3.89%, nonperforming assets were $56.9 million (0.68% of total assets), and net charge-offs rose to $2.4 million, mainly from about $1.6 million written off on one commercial and industrial relationship.
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Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
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Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
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