R etail investors must have held shares for at least six months to be eligible to attend the April 19 launch of the BlueBird 7 satellite at Cape Canaveral.
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earnings release Patrick Industries Announces Q1 Earnings Release Date and Investor Call
Institutional investors and analysts will have the opportunity to ask questions during Patrick Industries' Q1 earnings call on April 30, 2026, at 10:00 a.m. Eastern Time. The call will be limited to these participants, with a replay made available on the company's investor relations website. Patrick Industries will release its first-quarter 2026 financial results before the market opens on the same day. Interested parties can access the live webcast of the call at www.patrickind.com under the 'Investors' section. A dial-in number for the live call is (877) 407-9036. The company, which operates more than 85 brands and employs over 10,000 people, serves the RV, Marine, Powersports, and Housing markets.
AST SpaceMobile scheduled the orbital launch for a window between 6:45 am and 8:45 am EDT on Blue Origin’s New Glenn-3 mission. The BlueBird 7 is a next-generation commercial satellite equipped with a 2,400 square foot phased-array antenna. This antenna is engineered to connect directly to unmodified smartphones from low Earth orbit to support 4G and 5G broadband speeds exceeding 120 Mbps.
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fixed income Morgan Stanley's $10 billion note offering locks in fixed rates now — but interest resets to SOFR in years, not decades
Investors in Morgan Stanley’s new $9.5 billion fixed/floating notes will begin receiving interest tied to future SOFR levels as soon as April 10, 2029. The firm priced $10.0 billion in debt on April 15, 2026, including a $500 million floating rate tranche due 2030 and three larger tranches maturing in 2030, 2032, and 2037 that carry fixed rates now but reset to Compounded SOFR later. The fixed rates are 4.555% for the 2030 tranche, 4.809% for the 2032 tranche, and 5.296% for the 2037 tranche. Each switches to floating interest on April 10, 2029, April 16, 2031, and April 10, 2036, respectively. Once converted, interest will be based on Compounded SOFR plus spreads of 0.960%, 1.180%, and 1.410%. The floating rate tranche due 2030 pays interest based on SOFR plus 0.970% with quarterly resets from issuance. Morgan Stanley may redeem the notes on or after October 19, 2026, either at par or under a make-whole provision that compensates investors based on the present value of remaining fixed payments. The make-whole price is calculated using the treasury rate plus 15 or 20 basis points, depending on the tranche. The Bank of New York Mellon acts as calculation agent. If SOFR becomes unavailable, Morgan Stanley or its designee may unilaterally select a replacement benchmark and adjustment, with no consent required from noteholders, potentially altering interest payments and market value.
Registration for the limited number of viewing spots closes at 8 pm EDT on Friday, April 17, 2026. Qualified shareholders who apply may be subject to a random drawing if registrations exceed venue capacity.
Related Brief 2h ago
cryptocurrency regulation Payward spends $550 million to buy the only vertically integrated crypto derivatives stack in the U.S.
U.S. clients of Kraken and NinjaTrader will gain access to CFTC-regulated spot margin, perpetual futures, and options. This access follows a definitive agreement by Payward, the parent company of Kraken, to acquire Bitnomial for up to $550 million in cash and stock. Bitnomial is the first crypto-native platform in the U.S. to hold the three licenses required to operate a vertically integrated derivatives business: a designated contract market, a derivatives clearing organization, and a futures commission merchant. These licenses provide the exchange, clearinghouse, and brokerage framework necessary to run a full-stack business. Payward Co-CEO Arjun Sethi stated that the U.S. lacks clearing infrastructure built for digital assets and that Bitnomial's capabilities cannot be "retrofitted onto legacy systems." By acquiring these licenses, Payward bypasses the years of regulatory engagement and operational planning required to build the stack independently. The deal also expands Payward Services, the company's B2B infrastructure arm, allowing banks, fintechs, and brokerages to integrate regulated U.S. derivatives through a single API integration. The transaction values Payward's equity at $20 billion.
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