markets

Luke Kawa11/14/25

POET Technologies slumps after reporting larger-than-expected Q3 loss

There’s been a deep sell-off in formerly high-flying, speculative tech stocks as of late. Third-quarter results from POET Technologies are digging the company a bigger hole, with shares down double digits as of 7:20 a.m. ET.

The optical communications company reported a loss of $0.11 per share for Q3, worse than the $0.09 loss per share that analysts anticipated, per FactSet.

Revenues for the quarter were limited, at under $300,000, but should begin to pick up more meaningfully in the second half of next year, when the company expects it’ll begin to ship optical engines that were recently ordered.

“The placement of two successive initial production orders from two key customers valued at over $5.6 million is the beginning of a revenue ramp which we expect to increase steadily throughout 2026,” said Dr. Suresh Venkatesan, chairman and CEO of POET Technologies.

Venkatesan previously told us that the company’s focus this year “has been to cross that last hurdle of ensuring that the technology that we’re developing is truly manufacturable at scale and at wafer scale.”

For POET, and for the broader speculative tech space at large, it’s seemingly going to take something else to arrest and reverse their recent swoons.

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Anthropic boasts revenue run rate of $30 billion as the Claude developer expands its partnership with Google and Broadcom

Anthropic’s revenue run rate is higher than the trailing 12-month revenues of all but 129 S&P 500 companies.

Anthropic Co-founder and CEO Dario Amodei

markets

Health insurers surge after Medicare agrees to pay 2.48% more in 2027, a bigger-than-expected boost

Health insurance stocks are surging after the Centers for Medicare & Medicaid Services said it plans to boost Medicare Advantage and Part D payments by 2.48% in calendar year 2027.

The likes of CVS, Humana, UnitedHealth, Molina Healthcare, Oscar Health, and Elevance Health are gaining in postmarket trading.

Wall Street analysts had anticipated that rates for 2027 would go up between roughly 1% and 1.5%.

These stocks had gotten crushed in late January when the Trump administration proposed relatively flat federal payment rates.

Insurance companies that provide government-sponsored plans, like Medicare Advantage, faced headwinds from higher-than-expected costs in 2025.

Luke Kawa, Tasha Matsumoto

Stocks maintain gains after whipsawing as traders digest war updates

Stocks rose for the fourth consecutive session as traders vacillated between hopes for a ceasefire and fears of an escalation.

Bull kicks

markets

Matt Phillips9h

Iran war winners Dow, LyondellBasell downgraded by Bank of America

Dow, Inc. and LyondellBasell — two petrochemicals stocks that surged as markets priced in shortages due to the closure of the Strait of Hormuz — should decline as investors focus on the long-term outlook for normalized petrochemical prices once the war resolves, Bank of America analysts wrote in a note downgrading the two stocks Monday.

BofA moved its rating on the shares from “neutral” to “underperform,” writing:

“Over time, as chemical markets normalize, we expect 1) investor focus to shiﬅ back to ‘normal’ or ‘sustainable’ earnings profiles and 2) the conflict to resolve without material asset rationalization, both of which likely bias shares lower over the next twelve months.”

Analysts also lowered their stance on another petrochemicals and building materials stock, Westlake, to “neutral” from “buy.”

While cutting those ratings, BofA actually raised its more near-term price targets for the shares. It upped LyondellBasell to $68 from $55, and Dow to $35 from $31.

But those price targets still imply declines of more than 10% compared to where both shares were trading late Monday morning. Both stocks are up roughly 30% since the start of the Iran war.

markets

BNY and Robinhood to run “Trump accounts”

The Treasury Department named BNY as the financial agent to manage savings accounts for children established by the 2025 tax law, with the bank partnering with Robinhood Markets to serve as the brokerage and initial trustee. A custom “Trump accounts app” will be created as part of this venture.

The news was first reported by The Wall Street Journal.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

These so-called “Trump accounts” were part of the One Big Beautiful Bill Act, which sees the government contribute $1,000 toward an investment account for each child born in 2025 through 2028.

Exclusive | Treasury Taps BNY, Robinhood to Help Run Trump Accounts for Children

Exclusive | Treasury Taps BNY, Robinhood to Help Run Trump Accounts for Children

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

These so-called “Trump accounts” were part of the One Big Beautiful Bill Act, which sees the government contribute $1,000 toward an investment account for each child born in 2025 through 2028.

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