Markets

BW LPG announced its shares will trade ex-dividend on the Oslo Stock Exchange (September 4, 2025) and the NYSE (September 5, 2025) following a Q2 2025 cash dividend declaration. BW LPG, a leader in LPG shipping with over 50 VLGCs, operates within the BW Group, a maritime giant diversifying into renewables. This announcement arrives amidst evolving energy markets, highlighting BW LPG’s resilience through strategic investments in both traditional and sustainable energy. The company’s position and infrastructure suggest long-term growth potential.

Reports surfaced alleging ByteDance dismantled its chip team, transferring operations to a Singaporean entity and cutting system access without severance. ByteDance denies these claims, stating the chip business entity remains unchanged and the action is a routine data migration to a new Lark tenant. CNBC analysis highlights the strategic importance of in-house chip development amid geopolitical tensions. The move to a new tenant could be preparatory for future separation, offering strategic flexibility in complex regulatory environments and potentially proving technological independence critical for valuation in future IPO possibilities.

On September 3, 2025, Customers Bancorp (CUBI) announced the pricing of a public offering of 2,189,781 shares of voting common stock at $68.50 per share, expected to generate $150 million. Underwriters have an option to purchase additional shares. Net proceeds will be used for general corporate purposes, including organic growth, debt refinancing, share repurchases, preferred stock redemption, capital investments, and potential acquisitions. The offering is expected to close around September 5, 2025. This move strengthens the bank’s balance sheet amid a complex economic environment.

Gold Reserve Ltd. clarified that Amber Energy’s bid in Venezuelan asset legal proceedings does *not* include a $500 million cash payment to Gold Reserve, contrary to recent speculation. The offer proposes only a 15% recovery on a potential $500 million claim, subject to court and company approvals. Gold Reserve emphasized that any suggestion of a $500 million cash payment is misleading. The company cautioned investors regarding forward-looking statements and uncertainties impacting potential outcomes. This clarification highlights the importance of scrutinizing details in complex financial proposals.

Century Communities (NYSE: CCS) announced a $500 million private offering of 6.625% Senior Notes due 2033. Net proceeds, estimated at $494 million, will be used with cash reserves to redeem existing 6.750% Senior Notes due 2027. The offering, expected to close September 17, 2025, targets qualified institutional buyers and non-U.S. individuals. This refinancing aims to optimize the company’s debt structure. The notes and related guarantees are not registered under the Securities Act of 1933.

AGNC Investment Corp. (Nasdaq: AGNC) announced the pricing of a public offering of 12,000,000 depositary shares representing preferred stock, with gross proceeds of $300 million. Underwriters have a 30-day option for additional shares. Listing on Nasdaq is planned under “AGNCZ,” with closing expected around September 10, 2025. Proceeds will be invested in a diversified portfolio including Agency securities and credit risk transfer securities. Managed by a consortium of financial institutions, the offering is under an existing shelf registration statement. The strategy aims to bolster capital amid volatile market conditions.

Cushman & Wakefield announced the appointment of Jordan McCarley as Executive Vice Chair to expand its Carolinas Institutional Multifamily Advisory team and strengthen its Sunbelt Multifamily Advisory Group. McCarley, a seasoned multifamily investment advisor with over $20 billion in closed transactions, returns to Cushman & Wakefield to enhance client engagement and navigate evolving market conditions. This strategic hire underscores the firm’s commitment to growth in the Sunbelt region’s multifamily sector, leveraging McCarley’s expertise to provide unparalleled service during a complex market phase.

Haier acquired a 43% stake in Autohome for $1.8 billion amid the latter’s declining revenue and profits. The move raises questions about synergy and revitalization, considering Autohome’s past issues with excessive advertising, fake users, and declining content quality which eroded user trust. Autohome’s struggles stem from prioritizing monetization over user experience, highlighted by its lead generation strategy and KPI-driven culture under previous ownership. The acquisition’s success hinges on addressing these core issues and prioritizing a sustainable future focused on user experience.

Immunovant announced positive six-month remission data for batoclimab in uncontrolled Graves’ disease. ~80% of patients (17/21) maintained normal thyroid function after stopping treatment, with ~50% (8/17) achieving complete remission without anti-thyroid drugs. Another 30% needed only minimal doses. IMVT-1402, is being evaluated in two trials with results expected in 2027. This therapy targets the autoimmune root of Graves’ disease by blocking FcRn. If successful, this could significantly improve treatment for Graves’ disease patients.

Westwood One, Cumulus Media’s audio network, is set for its 39th NFL season, offering extensive coverage of key games including Monday, Sunday, and Thursday Night Football, plus international games and Super Bowl LX. Veteran voices Kevin Harlan and Kurt Warner lead commentary for Monday Night Football. Expanded pregame and halftime shows will be hosted by Mike Golic Sr. and Jr. Coverage is accessible via 500+ radio stations, SiriusXM, and Westwood One’s enhanced sports website and app.