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On September 5, 2025, KBRA assigned preliminary ratings to Upstart Securitization Trust 2025-3, a $320 million consumer loan ABS. The notes, backed by unsecured consumer loans from Upstart’s platform, feature tiered credit enhancement levels ranging from 20.50% to 56.45%. The ratings reflect overcollateralization, excess spread, cash reserve, and subordination. This is Upstart’s 47th ABS securitization, signaling ongoing confidence in its lending model. KBRA’s ratings are based on consumer loan ABS, structured finance, and ESG methodologies, considering portfolio data, underwriting practices, and economic conditions.

Boeing and the Royal Australian Air Force (RAAF) have successfully concluded MQ-28 Ghost Bat Collaborative Combat Aircraft (CCA) demonstrations ahead of schedule. The tests validated autonomous behaviors, multi-ship coordination, and seamless integration with manned platforms like the E-7A Wedgetail. Data fusion and transfer between MQ-28s and manned aircraft were also demonstrated. These capabilities will be incorporated into Block 2 aircraft, paving the way for future operational capability. A planned air-to-air weapon shot is scheduled for later this year or early 2026.

Acadian Asset Management is gaining attention as it shifts to a pure-play public systematic manager. Chairman John Paulson reaffirmed commitment after a stock sale driven by investor interest. Acadian’s quantitative models and algorithms are key to identifying market inefficiencies, offering a data-driven approach. This strategy faces risks, including model over-optimization and the evolving sophistication of market algorithms. Acadian managed $151 billion in assets as of June 30, 2025, offering systematic strategies for institutional investors. Risks associated with forward-looking statements are noted.

Curaleaf has opened a new dispensary near New Albany, Ohio, expanding its nationwide footprint to 155 locations. This strategic move strengthens Curaleaf’s presence in Ohio’s growing cannabis market, offering a range of products including vapes, flower, and edibles. The grand opening is scheduled for September 12, 2025, with local vendors and promotions. Curaleaf is also engaged in local community initiatives. In addition, Curaleaf rebranded its Reef Dispensary in Las Vegas and relocated its Payson, Utah Pharmacy.

Qualcomm and BMW have unveiled the Snapdragon Ride Pilot AD system in the BMW iX3 at IAA Mobility 2025. This scalable platform, co-engineered over three years, supports AD levels from NCAP to Level 2+ highway and urban navigation. It features AI-powered automation, 360-degree perception, and a data-driven approach validated in 60 countries, expanding to over 100 by 2026. The system offers customizable AD solutions with a focus on safety, aiming for broader accessibility across the automotive industry.

Himax Technologies will showcase its automotive display technologies at the 2025 SID Vehicle Displays and Interfaces Symposium in Detroit, September 9-10. Demonstrations include a single-chip TDDI with local dimming, automotive TDDI with user-aware touch, OLED touch IC with Knob-on-Display, and a new local dimming Tcon. Also featured are the 3D Time-of-Flight vision processor, Liqxtal® Dim smart light control, micro-pattern design services, and Sparkle Elimination Film. These innovations target smart cabins with advanced displays in electric and conventional vehicles.

Roche’s VENTANA HER2 (4B5) test received CE-IVDR approval for expanded use in breast and biliary tract cancers. It’s the first companion diagnostic to identify HR-positive metastatic breast cancer patients with HER2-ultralow expression potentially eligible for ENHERTU treatment. It’s also approved to identify previously-treated, unresectable or metastatic HER2-positive biliary tract cancer (BTC) patients who may be eligible for ZIIHERA. This strengthens Roche’s position in personalized cancer treatment, offering more targeted options for patients.

Micron Technology is investing $200 billion in US semiconductor manufacturing and R&D, creating 90,000 jobs. As part of the White House initiative, Micron commits to empowering 40,000 learners and educators in AI through educational programs, mentorship, and resources. This supports advancing AI education to address a skills gap. Micron, the only US memory manufacturer, is strategically positioned in the AI revolution.

Salesforce has announced its first quarterly dividend program, signaling confidence in its financial stability and future growth. The decision marks a shift from solely focusing on growth through reinvestment and acquisition to rewarding shareholders. Analysts view this as a sign of maturity and financial discipline, reflecting Salesforce’s recurring revenue allowing for both growth funding and shareholder returns. The company faces increasing competition and must balance dividend payouts with maintaining its competitive edge and R&D spending in the long run.

Silvercorp Metals Inc. (SVM) has filed a base shelf prospectus allowing it to offer up to $400 million USD in securities (common/preferred shares, debt, etc.) over 25 months. While effective with Canadian and U.S. regulators, Silvercorp states there’s “no present intention” to immediately offer securities. This move provides financial flexibility for future opportunities, aligning with Silvercorp’s strategy of long-life mines, exploration, and potential M&A activity in a dynamic market. Future offerings would be detailed in prospectus supplements and depend on market conditions.