admin

American Strategic Investment Teeters on Brink: $249M Debt Wall Looms as NYC Office REIT Warns of Going Concern

by

New York City’s office real estate crisis has claimed another victim. American Strategic Investment Co. (NYSE: NYC), formerly known as New York City REIT, has disclosed in SEC filings that “substantial doubt” exists about its ability to continue as a going concern. The revelation underscores the mounting distress in Class-B office properties across Manhattan, where … Read more

Biotech Breakout: Eli Lilly and Natera Lead Sector Surge After Moderna’s Cancer Vaccine Triumph

by

The biotechnology sector is experiencing a watershed moment following Moderna’s historic clinical trial success, creating a powerful tailwind for select industry leaders. On Wednesday, Moderna (NASDAQ: MRNA) shares skyrocketed 177% after its personalized mRNA cancer vaccine, developed in partnership with Merck (NYSE: MRK), became the first such therapy to succeed in a late-stage melanoma trial. … Read more