📊 San Jose Tower Faces Bankruptcy

Author

Ryan Serkes
November 18, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

⚡ Rising utility bill delinquencies signal economic stress
🤖 AI set to transform pharmaceuticals with rapid growth
🧬 Biotech sector sees major breakthroughs and M&A activity
🏗️ San Jose tower faces bankruptcy amid financial woes
🔌 TNMP files for significant base rate increase
🎁 +8 more stories you might like
⚡ Rising Utility Bill Delinquencies Signal Economic Stress for U.S. Households Link
  • A new analysis reveals a 9.7% annual increase in past due utility balances in the U.S.
  • The rise in delinquencies coincides with a 12% jump in monthly energy bills.
  • The situation presents economic and political challenges for the Trump administration.
🤖 AI Poised to Revolutionize Pharmaceuticals with Rapid Growth Link
  • AI in pharmaceuticals is projected to grow from $3.8 billion to $15.2 billion by 2030.
  • The technology accelerates drug discovery, clinical trials, and personalized medicine.
  • North America leads the market, with software expected to dominate through 2030.
🧬 Biotech Sector Sees Major Breakthroughs and M&A Activity Link
  • Zymeworks' new drug shows promise as a standard treatment for HER2-positive cancer.
  • Kraig Biocraft nears first commercial spider silk shipments, targeting diverse industries.
  • Repare Therapeutics accepts a buyout offer, signaling ongoing consolidation in biotech.
🏗 San Jose Tower Faces Bankruptcy Amid Financial Woes Link
  • Suffolk Construction files for involuntary bankruptcy against The Fay's owner over unpaid debts.
  • The 336-unit tower faces foreclosure due to a $182.5 million loan default.
  • The situation reflects broader financial struggles in San Jose's real estate market.
🔌 TNMP Seeks Significant Base Rate Increase Amid System Growth Link
  • TNMP requests recovery of $2.8 billion in rate base, up from $835 million.
  • The filing includes a proposed return on equity increase to 10.4%.
  • A separate $20.5 million rate rider is requested for Hurricane Beryl restoration costs.

Other news & articles you might like

  • 🏡 Howard Hughes opens massive development in Phoenix (Link)
  • 💰 Nuvalent launches $500 million public stock offering (Link)
  • ⚖️ aTyr Pharma faces expanded securities lawsuit (Link)
  • 🔋 Nanoramic raises $54M for battery tech expansion (Link)
  • 📉 IperionX responds to short seller's critical report (Link)
  • 📊 Perpetua Resources reports Q3 financial highlights (Link)
  • ☀️ SolarMax reports strong revenue growth in Q3 (Link)
  • 🐂 UBS and Hormel Foods highlighted as Bull and Bear (Link)

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