Moody’s upgrades OUTFRONT Media’s rating to Ba3 on improved leverage

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Investing.com -- Moody’s Ratings has upgraded OUTFRONT Media Inc.’s Corporate Family Rating (CFR) to Ba3 from B1, citing...

Investing.com -- Moody’s Ratings has upgraded OUTFRONT Media Inc.’s Corporate Family Rating (CFR) to Ba3 from B1, citing expectations for more conservative financial management and declining leverage.

The rating agency also upgraded the company’s Probability of Default Rating to Ba3-PD from B1-PD, while the senior unsecured notes ratings of subsidiary OUTFRONT Media Capital LLC were raised to B1 from B2. Moody’s maintained the Ba1 rating on the senior secured bank credit facility and backed senior secured notes. The outlook on all ratings is stable.

Moody’s expects OUTFRONT’s financial leverage to decline to the low 4x range over the next 12-18 months, supported by strong revenue and EBITDA growth. The company’s ongoing conversion of traditional static billboards to digital displays and programmatic advertising is anticipated to produce attractive returns and margin expansion.

As of the third quarter of 2025, OUTFRONT’s Moody’s-adjusted leverage stood at 4.6x, with EBITDA margins exceeding 50%. The company operates approximately 560,000 displays across 120 U.S. markets, including all top 25 markets as of December 31, 2024.

The rating agency highlighted OUTFRONT’s strong market position in the U.S. outdoor advertising industry and noted that the business faces less competition due to the hard-asset nature of billboards and regulatory restrictions that limit supply.

Moody’s did note some risks, including significant concentration in large urban markets like New York City, which accounts for 55% of all displays, and the company’s long-term contract with the New York Metropolitan Transit Authority through 2030, which has "relatively unfavorable economics."

OUTFRONT maintains good liquidity with access to an undrawn $500 million revolver due September 2030 and approximately $63 million in cash as of the third quarter of 2025. The company also has a $150 million accounts receivable securitization facility with no outstanding borrowings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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ACADIA Pharmaceuticals stock falls after negative EU regulatory vote on Rett drug

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ACADIA Pharmaceuticals

-3.18%

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-3.84%

Investing.com -- ACADIA Pharmaceuticals Inc (NASDAQ:ACAD) stock dropped 4.4% in after-hours trading Monday following news that European regulators issued a negative trend vote on the company’s Rett syndrome treatment.

The biopharmaceutical company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) delivered an unfavorable preliminary opinion on its Marketing Authorization Application for trofinetide. The drug is designed to treat Rett syndrome, a rare genetic neurological disorder.

ACADIA said it plans to request a re-examination of the opinion after the CHMP’s formal vote in February. The company has the right to request this re-examination within 15 calendar days of receiving the opinion, followed by submission of grounds for the request within 60 days.

"While the negative trend vote is disappointing and not what we hoped for, we believe the strong data that supported the approval of trofinetide for the treatment of Rett syndrome in the United States, Canada, and Israel speak to the meaningful benefits that trofinetide can deliver," said Catherine Owen Adams, Chief Executive Officer of ACADIA.

The company noted that more than 1,000 patients globally are currently receiving the treatment, ranging from newly diagnosed 2-year-olds to adults who have lived with the disease for decades. Trofinetide has already received regulatory approvals in several countries including the United States.

ACADIA emphasized its commitment to making the treatment available in the European Union, stating it will work with the EMA and other stakeholders to advance trofinetide as a potential treatment option for Rett syndrome patients in Europe.

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Stocks Rise While Commodity Markets Face Fresh Volatility — WSJ

Dow Jones Newswires

By Xavier Martinez

The Dow Jones Industrial Average rose more than 500 points on Monday, driven by gains in Apple and Caterpillar, as a strong manufacturing reading underscored that the economy is starting the year with momentum.

The blue-chip average added 515 points, or 1.1%, to 49407.66, less than 200 points off its record high from January. The S&P 500, which gained 0.5%, came even closer to its record, finishing less than 0.1% from its high point. The Nasdaq composite added 0.6%.

Treasury yields, which often rise when investors expect stronger growth, inched up after a survey by the Institute for Supply Management suggested U.S. factory activity is growing at its fastest pace since August 2022. A critical driver of borrowing costs, the 10-year yield settled at 4.276%, up from 4.240% Friday. Shares of industrial companies outperformed, with Caterpillar adding 5.1% and GE Vernova advancing 3.9%.

Meanwhile, precious metals continued their volatile run. Metals have been in focus after a monthslong rally, fueled in part by individual investors, went sharply into reverse late last week. The rout spilled over into other markets, knocking mining stocks and riskier assets like bitcoin.

The front-month silver contract swung in a range of more than 20 percentage points during wild trading, finishing the day lower and bringing the metal's total decline to 33% over the past two sessions. Gold futures finished down 1.9% but are still up 6.9% so far this year.

Bitcoin finished up 1.2% after it sold off sharply over the weekend, hammered by a broad investor shift away from technology stocks and other risky assets. In weekend trading, the digital asset hit its lowest intraday level since last April, when President Trump's "Liberation Day" tariffs were shaking markets. Bitcoin is down 11% this year, and down 7% since Friday's close.

"We're certainly expecting more volatility in prices," said Gerry O'Shea, head of global market insights at crypto-focused investment firm Hashdex.

Shares of crypto exchange Coinbase finished the day down for the 10th consecutive day — its longest losing streak on record since the stock's debut in 2021. The stock closed 3.5% lower. Robinhood, which has made significant pushes into crypto, was down 9.6%.

Strategy shares sank 6.7%. The bitcoin accumulator, previously known as MicroStrategy, closed at its lowest price in more than a year.

Some tech companies rebounded after a selloff late last week. Sandisk, Western Digital, Micron and Intel all finished the day up at least 5% and were among the S&P's top gainers.

Apple, which reported earnings last week, climbed 4% — buoying all three major indexes.

Oil prices retreated after Trump on Saturday said he believes Iran is negotiating seriously with the U.S. Benchmark Brent crude futures fell 4.4% to $66.30 a barrel.

Trump announced Monday that the U.S. agreed to reduce tariffs from 25% to 18% on India, which in turn will stop buying Russian oil. The January jobs report won't be released as scheduled Friday because of the partial government shutdown, a spokeswoman for the Bureau of Labor Statistics said Monday.

Write to Xavier Martinez at xavier.martinez@wsj.com

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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.05%

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Phoenix Asia Holdings Ltd.

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Axon Enterprise

-7.20%

Investing.com – U.S. stocks were higher after the close on Monday, as gains in the Industrials, Consumer Services and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.05%, while the S&P 500 index climbed 0.54%, and the NASDAQ Composite index gained 0.56%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 5.10% or 33.55 points to trade at 690.91 at the close. Meanwhile, Walmart Inc (NASDAQ:WMT) added 4.14% or 4.93 points to end at 124.07 and Apple Inc (NASDAQ:AAPL) was up 4.04% or 10.48 points to 270.01 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 7.40% or 8.35 points to trade at 104.45 at the close. NVIDIA Corporation (NASDAQ:NVDA) declined 2.89% or 5.52 points to end at 185.61 and Chevron Corp (NYSE:CVX) was down 1.61% or 2.84 points to 174.06.

The top performers on the S&P 500 were Carnival Corporation (NYSE:CCL) which rose 8.08% to 32.45, Western Digital Corporation (NASDAQ:WDC) which was up 7.98% to settle at 270.21 and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which gained 7.63% to close at 23.64.

The worst performers were Walt Disney Company (NYSE:DIS) which was down 7.40% to 104.45 in late trade, EQT Corporation (NYSE:EQT) which lost 5.17% to settle at 54.75 and Axon Enterprise Inc (NASDAQ:AXON) which was down 4.88% to 459.99 at the close.

The top performers on the NASDAQ Composite were American Rebel Holdings Inc (NASDAQ:AREB) which rose 606.78% to 1.96, DarkIris Inc (NASDAQ:DKI) which was up 192.49% to settle at 0.95 and Fusemachines Inc (NASDAQ:FUSE) which gained 70.89% to close at 2.70.

The worst performers were eLong Power Holding Ltd (NASDAQ:ELPW) which was down 90.39% to 1.34 in late trade, Phoenix Asia Holdings Ltd (NASDAQ:PHOE) which lost 86.78% to settle at 17.60 and INLIF Ltd (NASDAQ:INLF) which was down 70.06% to 0.43 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1567 to 1172 and 90 ended unchanged; on the Nasdaq Stock Exchange, 1966 rose and 1424 declined, while 193 ended unchanged.

Shares in Axon Enterprise Inc (NASDAQ:AXON) fell to 52-week lows; down 4.88% or 23.59 to 459.99. Shares in Caterpillar Inc (NYSE:CAT) rose to all time highs; gaining 5.10% or 33.55 to 690.91. Shares in Walmart Inc (NASDAQ:WMT) rose to all time highs; gaining 4.14% or 4.93 to 124.07. Shares in American Rebel Holdings Inc (NASDAQ:AREB) rose to all time lows; gaining 606.78% or 1.68 to 1.96.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.31% to 16.34.

Gold Futures for April delivery was down 0.95% or 45.01 to $4,700.09 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 4.57% or 2.98 to hit $62.23 a barrel, while the April Brent oil contract fell 4.27% or 2.96 to trade at $66.36 a barrel.

EUR/USD was down 0.48% to 1.18, while USD/JPY rose 0.52% to 155.58.

The US Dollar Index Futures was up 0.61% at 97.45.

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Canada stocks higher at close of trade; S&P/TSX Composite up 0.82%

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Investing.com – Canada stocks were higher after the close on Monday, as gains in the Consumer Staples, Consumer Discretionary and Financials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.82%.

The best performers of the session on the S&P/TSX Composite were Aritzia Inc (TSX:ATZ), which rose 6.53% or 7.01 points to trade at 114.34 at the close. Meanwhile, 5N Plus Inc. (TSX:VNP) added 5.94% or 1.43 points to end at 25.51 and TFI International Inc (TSX:TFII) was up 4.98% or 7.28 points to 153.61 in late trade.

The worst performers of the session were Eldorado Gold Corp (TSX:ELD), which fell 8.47% or 4.95 points to trade at 53.47 at the close. Energy Fuels Inc. (TSX:EFR) declined 5.68% or 1.73 points to end at 28.72 and Tourmaline Oil Corp. (TSX:TOU) was down 4.58% or 2.95 points to 61.49.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 553 to 424 and 60 ended unchanged.

Shares in 5N Plus Inc. (TSX:VNP) rose to all time highs; up 5.94% or 1.43 to 25.51.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 11.39% to 17.11.

Gold Futures for April delivery was down 0.74% or 35.14 to $4,709.96 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 4.55% or 2.97 to hit $62.24 a barrel, while the April Brent oil contract fell 4.24% or 2.94 to trade at $66.38 a barrel.

CAD/USD was unchanged 0.45% to 0.73, while CAD/EUR unchanged 0.03% to 0.62.

The US Dollar Index Futures was up 0.61% at 97.45.

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Colombia stocks lower at close of trade; COLCAP down 2.11%

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Investing.com – Colombia stocks were lower after the close on Monday, as losses in the Financials, Investment and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP fell 2.11%.

The best performers of the session on the COLCAP were Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p), which rose 2.36% or 1,200.00 points to trade at 52,100.00 at the close. Meanwhile, Grupo Argos SA (BVC:ARG) added 1.85% or 340.00 points to end at 18,740.00 and Promigas (BVC:PMG) was up 0.73% or 50.00 points to 6,880.00 in late trade.

The worst performers of the session were Mineros SA (BVC:MAS), which fell 9.53% or 2,020.00 points to trade at 19,180.00 at the close. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) declined 3.97% or 37.00 points to end at 895.00 and Banco Davivienda Pf (BVC:DVI_p) was down 2.09% or 600.00 points to 28,100.00.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.

US coffee C for March delivery was up 0.90% or 3.00 to $335.25 . Elsewhere in commodities trading, US cocoa for delivery in March rose 1.25% or 52.00 to hit $4,217.00 , while the April Gold Futures contract fell 1.00% or 47.51 to trade at $4,697.59 a troy ounce.

USD/COP was down 1.79% to 3,613.89, while BRL/COP fell 1.76% to 687.57.

The US Dollar Index Futures was up 0.60% at 97.44.

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Russia stocks lower at close of trade; MOEX Russia Index down 0.51%

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Investing.com – Russia stocks were lower after the close on Monday, as losses in the Mining, Oil & Gas and Telecoms sectors led shares lower.

At the close in Moscow, the MOEX Russia Index declined 0.51%.

The best performers of the session on the MOEX Russia Index were Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR), which rose 6.27% or 0.03 points to trade at 0.45 at the close. Meanwhile, Bank VTB PJSC (MCX:VTBR) added 5.91% or 4.58 points to end at 82.05 and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) was up 2.78% or 0.85 points to 31.28 in late trade.

The worst performers of the session were Rosneft PJSC (MCX:ROSN), which fell 1.66% or 6.75 points to trade at 401.00 at the close. Severstal PJSC (MCX:CHMF) declined 1.02% or 10.20 points to end at 989.60 and OK Rusal MKPAO (MCX:RUAL) was down 0.97% or 0.38 points to 38.90.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 167 to 76 and 9 ended unchanged.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was down 0.04% to 27.40.

Gold Futures for April delivery was down 1.09% or 51.56 to $4,693.54 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 4.60% or 3.00 to hit $62.21 a barrel, while the April Brent oil contract fell 4.31% or 2.99 to trade at $66.33 a barrel.

USD/RUB was up 0.94% to 76.71, while EUR/RUB rose 0.09% to 90.13.

The US Dollar Index Futures was up 0.61% at 97.45.

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