Aptose Biosciences: Q1 Earnings Snapshot
The Toronto-based company said it had a loss of $2.61 per share.
The company's shares closed at $1.55. A year ago, they were trading at $36.94.
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San Francisco Chronicle
16 minutes ago
- San Francisco Chronicle
Trump wields tariffs to sway Putin on Ukraine. Here's how they might work, or not
WASHINGTON (AP) — Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine. Now President Donald Trump is betting that his go-to economic weapon — tariffs — can succeed where Ukrainian drones and rockets haven't, and finally persuade Putin to end his war. Tariffs, which the U.S. president has called ' the most beautiful word in the dictionary,'' are taxes on imports. They are Trump's all-purpose fix — a tool he deploys to protect American industry, lure factories to the United States, tackle drug trafficking and illegal immigration, and raise money to pay for his massive tax cuts. On the campaign trail last year, Trump promised he'd negotiate an end to the Russia-Ukraine conflict in 24 hours. But months have passed without a peace deal, and the president has recently expressed frustration with the Russians. 'We're very, very unhappy with them ... I thought we would have had a deal two months ago, but it doesn't seem to get there,' Trump told reporters Monday. So in addition to agreeing to send more weapons to Ukraine, he's once again unsheathing tariffs. He said Monday the U.S. would impose 100% tariffs on countries that buy Russian oil, natural gas and other products if there isn't a peace deal in 50 days. The levies are meant to cause Russia financial pain by making its trading partners think twice before buying Russian energy. 'I use trade for a lot of things,'' Trump said, "but it's great for settling wars.' 'Unilateral tariffs are likely to be ineffective in influencing Putin's actions,' said Douglas Irwin, a Dartmouth College economist who studies American trade policy. "Financial sanctions in cooperation with European and other allies are much more likely to damage Russian economy, but whether they soften Russia's approach is also uncertain.'' The secondary tariffs idea isn't new. Republican Sen. Lindsey Graham of South Carolina and Democratic Sen. Richard Blumenthal of Connecticut earlier this year introduced legislation that would impose a 500% tariff on countries that buy Russian oil, petroleum products and uranium. If Trump goes through with his threat, his 100% tariffs have the potential to disrupt global commerce and push oil prices higher. They might also complicate Trump's efforts to strike separate trade deals with countries like China and India. The 100% tariffs would likely target China and India Since December 2022, when the European Union banned Russian oil, China and India have bought 85% of Russia's crude oil exports and 63% of its coal, according to the Centre for Research on Energy and Clean Air, a Finnish nonprofit. So they would likely be the two countries most affected by Trump's 100% import taxes. Trump has already tangled with China this year, and things did not go well. In April, Trump plastered a 145% levy on Chinese imports, and Beijing counterpunched with 125% tariffs of its own. The triple-digit tariffs threatened to end trade between the world's two biggest economies and briefly sent financial markets reeling. China also withheld shipments of rare earth minerals used in products such as electric vehicles and wind turbines, crippling U.S. businesses. After showing how much pain they could inflict on each other, the United States and China agreed to a ceasefire. A new 100% secondary tariff 'would blow up that deal,' said Gary Hufbauer, senior fellow at the Peterson Institute for International Economics. 'China is particularly well-placed to hold out,' said Nicholas Mulder, a Cornell University historian. "All this would get us back to a position of full confrontation that would be uncomfortable for all sides.'' Hufbauer also noted that the secondary tariffs would also likely end 'any rapprochement with India'' — the world's fifth-biggest economy and one with which Trump is pursuing a trade deal. Energy prices could climb If Trump goes ahead with the tariffs, 'it would invariably lead to higher global energy prices,'' especially for natural gas, economists Kieran Tompkins and Liam Peach of Capital Economics wrote in a commentary Monday. Other oil-exporting countries have enough spare capacity to ramp up production and offset any loss of Russian oil exports in global market. But if they did, the world would have no buffer to rely on if there were an oil shock caused by, say, conflict in the Middle East — and prices could skyrocket. 'Removing that spare capacity would be akin to riding a bike with no shock absorbers,'' Tompkins and Peach wrote. The Russian economy has been resilient After Putin's full-scale invasion of Ukraine in February 2022, the United States and its allies slammed Russia with sanctions. Among other things, the U.S. froze the assets of Russia's central bank and barred some Russian banks from using a key international payments system run by Belgium. With its allies from the Group of Seven rich nations, it also capped the price that importers could pay for Russian oil. The sanctions were expected to crush the Russian economy, but they didn't. Putin put Russia on a wartime budget, and high defense spending kept unemployment low. Military recruits were given big sign-up bonuses and the families of the fallen received death benefits, pumping income into some of Russia's poorer regions. To keep its oil sales going, Russia deployed "shadow fleets,'' hundreds of aging tankers of uncertain ownership and dodgy safety practices that delivered oil priced above the G7 price cap. 'The experience of the G7 oil price cap against Russia showed how challenging the enforcement of measures against the Russian oil trade can be,' Mulder said. Last year, the Russian economy grew 4.1%, according to the International Monetary Fund. But strains are showing, partly because Putin's war has made Russia a pariah to foreign investors. The IMF forecasts growth will decelerate to 1.5% this year, and last month the Russian economy minister warned the country is "on the brink of going into a recession.'' Trump's tariffs could increase the pressure, in part by driving down Russia's energy exports — and the revenue the Russian government collects from an energy tax. Tariffs are mostly untried as a diplomatic lever 'To my knowledge, tariffs have never been applied as an explicit anti-aggression measure,' said Mulder, author of a 2022 history of economic sanctions. "I am skeptical that the secondary tariffs threat will be effective.'' For one thing, he said, it's unclear whether Trump will actually impose them after 50 days. The president has repeatedly announced tariffs against other countries, and then sometimes suspended or tweaked them. For another, the secondary tariffs would target countries — namely China and India — that might have some sway in Moscow. 'The United States needs cooperation and collaboration to bring Russia to the negotiating table,' said Cullen Hendrix, senior fellow at the Peterson Institute. "Threatening to harm the actors who actually have leverage over Moscow may backfire.''
Yahoo
16 minutes ago
- Yahoo
Up Around 40% in Just the Past Month, Could This Red-Hot Growth Stock Rally Even Higher?
Tilray's stock has been rallying since the start of July despite an absence of significant news. Investors have often bought the stock on hopes that the U.S. marijuana market will open up. However, that doesn't appear to be on the horizon, and Tilray faces many challenges ahead. 10 stocks we like better than Tilray Brands › The S&P 500 index has been hitting record highs and may be running out of room to rise a whole lot more. For investors, now may be an opportune time to pay attention to stocks which may be poised for greater gains and which haven't been doing particularly well. One notable stock of late has been Tilray Brands (NASDAQ: TLRY), which has a diverse business centering around cannabis and beverages. While it hasn't been a strong buy at all this year (it's down more than 50% year to date), it has been picking up steam of late. As of Friday, it was up around 40% in the past month. Could this struggling stock be on track for an even bigger rally ahead, or could this be just a short-lived bump-up in value? The big reason to invest into Tilray is if you're bullish on marijuana legalization in the U.S. If that happens, the Canadian-based cannabis producer would have a way to enter a huge, lucrative market, enabling it to drastically grow its sales. But with nothing seemingly happening on that front of late, growth investors have, for the most part, avoided it. As of the end of June, the stock was down a whopping 69% as it looked poised for yet another disastrous year. In 2024, the pot stock fell by more than 40% after declining by nearly 15% the year before that. But in the first few days of July, Tilray's stock started to rally. And on July 9 it hit an intra-day high of $0.70 -- levels it hadn't hit since March. The company, however, hasn't released any major news of late, and its latest quarterly report isn't coming out until later this month, on July 28. Investors buying Tilray may simply have been pivoting to cheaper stocks, especially with the markets up around record levels and many top-performing stocks looking expensive. Tilray is also a popular stock with retail investors, and when its momentum picks up, for any reason, that can lead to a snowball effect. The problem with Tilray is that it's struggling to find ways to grow its business in a sustainable way. It's leaned on acquisitions of craft brewers in the past as a way to expand its operations. But acquisitions often lead to just temporary, short-term boosts. Tilray's sales growth rate has been underwhelming of late. For the period ended Feb. 28, its net revenue totaled $186 million and was down more than 1% year over year. Without a U.S. cannabis market to tap into right now, and the company incurring a net loss of more than $913 million over the past three quarters, there isn't an overwhelming reason for investors to want to take a chance on the stock, even if it may look cheap. Tilray's stock got a boost recently despite no significant developments. That's a sign of just how dangerously speculative and unpredictable the stock can be. While it may be tempting to buy into a stock that's suddenly taking off, this type of rally usually doesn't end up being sustainable. Consider that over the past five years, shares of Tilray have fallen an incredible 93%. Although there may be brief spikes along the way, it's been an incredibly strong, downward trend for the stock. And without a reason to expect that things will get better for Tilray anytime soon, investors may still be better off steering clear of this highly risky and volatile stock. Before you buy stock in Tilray Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tilray Brands wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth notingStock Advisor's total average return is1,053% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Tilray Brands. The Motley Fool has a disclosure policy. Up Around 40% in Just the Past Month, Could This Red-Hot Growth Stock Rally Even Higher? was originally published by The Motley Fool
San Francisco Chronicle
21 minutes ago
- San Francisco Chronicle
Google partners with Youngkin and offers AI training courses to Virginia job seekers
RESTON, Va. (AP) — Republican Gov. Glenn Youngkin announced on Tuesday that Google will partner with his administration to provide free and low-cost artificial intelligence certification courses to Virginians as part of his office's ongoing effort to connect citizens to new jobs amid changes to the state's economy. The partnership, which he has described as an AI career launchpad, will provide Google-sponsored AI training courses for up to 10,000 Virginians at any given time, officials said at Google's office in the northern part of the state. The training opportunities will be listed on a job website that Youngkin launched earlier this year, in response to significant layoffs among federal workers by the Trump administration, including many workers from Virginia. 'All fields, all career movements somewhere along the way, are going to incorporate this next generation of technology,' Youngkin said at the news conference. The initiative comes with unemployment rising in Virginia, which has roughly 20,400 continued unemployment claims, state Secretary of Labor George' Bryan' Slater said after the news conference. Roughly 2,800 people initially filed unemployment claims during the first week of July, which is about 6.1 percent higher than the previous week. The AI webpage will feature the free courses as well as some low-cost learning opportunities, ranging 'from beginner friendly courses on AI fundamentals and practical workplace applications of artificial intelligence to bootcamps and degree programs offered by Virginia's leading-edge community colleges and universities,' according to the governor's office. Nicole Overley, commissioner of Virginia Works, said businesses have told her office that AI proficiency has become increasingly necessary in their industries. She said the training would help Virginians become competitive in the job markets where these very businesses are hiring. Overly confirmed that the training courses won't cost taxpayers anything and are being donated by Google. Bronagh Friel, head of partnerships at Google, said she was proud of the collaboration with the state. 'Google is committed to championing economic growth and opportunity in Virginia,' she said. ___
