Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike

War Unicorn Hermeus Raises $350 Million For Unmanned Supersonic Fighter Jets Atlanta-based aerospace startup Hermeus Corp. has secured $350 million in a funding round that values the builder of uncrewed supersonic and hypersonic fighters at north of $1 billion, according to a Bloomberg report. Today we’re announcing a $350 million Series C financing led by @khoslaventures, bringing us to a $1B valuation. Our mission is straightforward: build today’s fastest aircraft for the American Warfighter. The concept is simple but the task is monumental. We still have so much… pic.twitter.com/60YSZ3Qpxh — Hermeus (@hermeuscorp) April 7,...

Barclays Maintains Bullish Stance On Nuclear Barclays is out with a report on nuclear and how the industry is progressing from conviction to construction. The report highlights year-to-date regulatory developments, demand and execution signals and market pricing across the industry.  Last year, Barclays argued three core points regarding nuclear energy: A nuclear renaissance is underway driven by energy security, decarbonization, and AI power demand The nuclear fuel cycle is likely to be an upstream bottleneck that requires reshoring As the theme matures, practical hurdles will take center stage, such as speed to power, labor,...

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...