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Legendary investor Warren Buffett is stepping down as CEO of Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) after six decades at the helm — but he’s still not yet ready to retire.

In a media release on Monday (May 5), Berkshire said that its board of directors unanimously has voted to appoint Greg Abel, vice chairman, non-insurance operations, as president and CEO come January 2026.

Buffett will remain the chairman of the board of directors.

Buffett has held the position of CEO at Berkshire since 1970, with Abel confirmed as his successor in 2021.

What is Buffett’s strategy?

Buffett took control of Berkshire in 1965, back when the company was a struggling textile manufacturer.

In a 2010 letter to shareholders, he recounted his experience in those early days:

‘Berkshire was then only intextiles, where it had in the previous decade lost significant money. The dumbest thing I could have done was topursue ‘opportunities’ to improve and expand the existing textile operation – so for years that’s exactly what Idid. And then, in a final burst of brilliance, I went out and bought another textile company. Aaaaaaargh!Eventually I came to my senses, heading first into insurance and then into other industries.’

Many people have tried to explain Buffett’s success in recent years. One recent Financial Times article titled “How Buffet Did It” notes that his strategy is “more than great stock picks and insurance premiums.”

An older paper called ‘Buffett’s Alpha’ suggests that his exposure to low-risk, cheap and high-quality stocks is key.

“(He) has boosted his returns by using leverage, and that he has stuck to a good strategy for a very long time period, surviving rough periods where others might have been forced into a fire sale or a career shift,” states the paper, which was written by Andrea Frazzini, David Kabiller and Lasse Heje Pedersen.

‘We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades,’ the authors also note.

Who is Buffett’s successor?

Abel has been with Berkshire since 2000, when Berkshire bought MidAmerican, an energy company he had been running. He joined the board as vice chairman, non-insurance operations, in 2018.

MidAmerican was renamed Berkshire Hathaway Energy (BHE), with Abel serving as its chief executive officer from 2008 to 2018. He remains the company’s chair as of writing. At both MidAmerican and Berkshire, Abel was mentored by David Sokol, who seemed a likely successor to Warren Buffett until he resigned from Berkshire in 2011.

Abel was named vice chairman in 2018 along with Ajit Jain. In a 2014 letter to shareholders, Buffett’s longtime right-hand man, Charlie Munger, who passed away in 2023, wrote about the two as potential successors.

‘Ajit Jain and Greg Abel are proven performers who would probably be under-described as ‘world-class.’ ‘World-leading’ would be the description I would choose,’ said Munger.

‘In some important ways, each is a better business executive than Buffett.’

Buffett has also spoken highly of Abel, saying in 2023, ‘Greg understands capital allocation as well as I do. That’s lucky for us. He will make those decisions, I think, very much in the same framework as I would make them. We have laid out that framework now for 30 years.’

Berkshire’s path forward under Abel

Buffett’s words indicate that he sees Berkshire and Abel following the framework he has laid out.

Of course, there may be some evolution. Morningstar analyst Gregg Warren notes that the ‘groundwork for a successful transition’ at Berkshire has been in place for decades.

He also notes that Buffett and Munger were skilled at acquiring businesses that were a good cultural fit.

“We expect this to continue, believing that Berkshire’s culture of management autonomy and entrepreneurship has become institutionalized,’ Warren explains in a recent article.

‘ However, the new managers will probably work with a slightly different opportunity set, and we believe they will evolve Berkshire from what has historically been a reinvestment machine into one that is more focused on returning capital to shareholders, which is what we would expect of a company of this size with limited investment opportunities.”

Warren also comments that Berkshire currently doesn’t pay a dividend. This principle is because of Buffett’s belief that retained earnings should yield greater value than cash payouts.

Warren said this may change after Abel takes over, underlining that issuing a dividend could help Berkshire retain shareholders who may consider selling once Buffett is no longer at the helm.

Berkshire’s recent activities include diversification of its portfolio via strategic acquisitions and investments.

In January 2025, Forest River Bus & Van, a Berkshire subsidiary, announced its acquisition of L.A. West Coaches to enhance its product portfolio in the luxury transportation market.

“This partnership represents a shared commitment to excellence and innovation,” said Douglas Wright, group general nanager of Forest River Bus & Van. “L.A. West Coaches’ proven expertise and dedication to quality align with our values, and we look forward to collaborating to expand our product range.”

BHE is also currently exploring the production of lithium carbonate and other minerals from its geothermal power plants in California’s Imperial Valley, aligning with the company’s interest in renewable energy and sustainability.

BHE Renewables publicized a joint venture with Occidental Petroleum (NYSE:OXY) in June 2024, saying that this will be useful for the demonstration and deployment of TerraLithium’s direct lithium extraction.

Occidental is the owner of TerraLithium, a company that provides a technology platform for extracting lithium from geothermal and other brines to produce ultra-pure battery-grade lithium hydroxide and lithium carbonate.

Once the demonstration is successful, BHE Renewables plans to build, own and operate commercial lithium production facilities in California’s Imperial Valley. The joint venture also plans to license the technology and develop commercial lithium production facilities outside the Imperial Valley.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

PHOENIX — Clay Holmes was initially stunned, then numb and eventually, well, rather intrigued.

Here he was, a two-time All-Star closer with 307 career appearances in the bullpen, never pitching more than 70 innings in any of his eight seasons, and suddenly he’s being asked to make a dramatic career change.

He had one, then two, then three teams calling him this winter to inquire whether if he was interested in giving up his role as a reliever, and be converted into a starter.

Meanwhile, three other teams called and made him offers to remain as a closer or late-inning reliever.

Holmes, a free agent for the first time, not only had to decide where he wanted to play – but what he wanted to do.

He could continue closing and accept one of the offers guaranteeing him more than $40 million.

Or he could gamble, earn a bit less money as a starting pitcher and take on a role he hadn’t played since his rookie season in 2018.

Holmes, 32, bet on himself.

He signed a three-year, $38 million contract with the New York Mets, believing he could potentially go where no pitcher has gone since Hall of Famer John Smoltz.

Holmes, who grew up in Georgia as a huge fan of the Atlanta legend, could become the only active player to be an All-Star as both a reliever and starting pitcher.

Holmes, who starts Friday in a first-place matchup against the Chicago Cubs at Citi Field in New York, is putting himself in the All-Star conversation with a 4-1 record and 2.95 ERA. He not only has been one of baseball’s biggest surprises, but also invaluable to the Mets this season, who have been without veteran starters Frankie Montas and Sean Manaea.

“I definitely went into the offseason not expecting to be a starter,’ Holmes told USA TODAY Sports. “I mean, it wasn’t like the World Series ended and I went out seeking to be a starter. It was nothing I thought about.

“Then a couple of weeks later, my agent came to me and said there’s a couple of teams that are throwing out the idea, and were gauging my interest. I started thinking about it, and said, ‘Hey, why not? Let’s see what’s out there.’ ‘

‘Sense of desire from the Mets’

The Mets weren’t the first team to express interest in Holmes as a starter, said B.B. Abbott, Holmes’ agent, but they were the most convincing. They showed how their analytical studies proved it will work. Holmes was also familiar with manager Carlos Mendoza and assistant pitching coach Desi Druschel, his former Yankee coaches. And he loves playing in New York.

“They did a good job laying it all out for him,’ Abbott said. “They saw his pitches. They had the analytic guys talk to him. Ultimately, it down to the familiarity of the staff, the way they were going to utilize him, the comfort of New York, and being on a winning team.’

The Yankees, who helped develop Holmes into one of the game’s top closers, never once did brought up the idea of Holmes becoming a starter. They were lightly engaged in talks with him in the offseason about a possible return, but strictly as a reliever.

“I mean, there were jokes about it last year,’ Holmes said, “but that was it. I started throwing a change-up in bullpen sessions, and before you knew it, I was throwing five [different] pitches down there. There would be jokes about it, like ‘man, you should be starting with all of these pitches,’ but it was nothing more than a joke.

“But when the idea came up in the offseason, it really got my the wheel turning, like, I know I can do this. I can expand my arsenal.’

Abbott knew that Holmes was taking the idea seriously and by the time it was ready to make a decision, Holmes was informed he could make more money remaining as a closer, but the challenge burned inside him.

“Clay has always been very analytical, very intelligent, and he grasps the analytic side of pitching,’ Abbott said. “He always talked about stuff he was working on. So, it didn’t surprise me, honestly. What surprised me was how many teams were along for the ride. Some teams weren’t even interested in signing him but were asking questions, ‘Hey, did you ever think about starting?’

“Well, he had some curiosities in the back of his mind, but it sure wasn’t anything we discussed. He’s just a guy who loves to be intellectually and physically challenged.’

The Mets ultimately proposed that challenge, and Holmes was ready to embrace it, intrigued by Mets president David Stearns and the coaching staff’s plans for him.

“I felt like there was a real sense of desire from the Mets,’ Holmes said. “Stearns asked me a lot of questions, and there was a real belief that I could not only be just a starter, but a really good starting pitcher. I think that goes a long way, and obviously just a desire to win and what they’re trying to build here with the Mets.

“They really just drew me in, and it felt right.’

‘He had the weapons’

Still, despite all of the analytics and belief by the Mets that it could be possible, Holmes’ conversion was a surprise move for a team vying to win its first World Series title since 1986.

“I remember when we first signed him,’ Mets reliever Ryne Stanek said, “and I was like, ‘Oh, that’s cool. That’s a good deal. He’s going to really help our bullpen.’ But then when I heard he was going into the rotation, I sure didn’t see that coming.

“And when I saw him in spring training, I thought, ‘You know, if there’s someone that can do it, it’s him. He’s just such a good pitcher, and he’s been in those tight ballgames in big environments. If things get a little hairy, he can go out and do it.’

Said Mets All-Star right fielder Juan Soto, who played for the Yankees last season: “I never thought about him being a starter. Never. I mean, I knew he worked hard every day, but to go from throwing one inning to being a starter, that’s tough. What he’s doing now is so impressive.’

Seven starts into the season and Holmes now has everyone in New York believing in him, hoping it can last all season. He has pitched 36 ⅔ innings, already just 27 ⅓ innings shy of last year’s entire total.

“Physically, he’s a big boy (6-foot-5, 245 pounds), so if someone can manage that workload and make that transition, it would be him,’ Mendoza said. “My biggest question making that transition was what his third and fourth pitches would be, because in my years with the Yankees, it was sinker/slider. He was very tough on righties, so I knew as a starter, teams were going to load up with the lefties.

“Well, what we’ve seen is that with teams loading up lefties against him, the changeup is not just a pitch, it’s a weapon.’

Said Druschel: “All of his pitches are above average, but that changeup has been devastating.’

Holmes, who had not thrown a single changeup in a game since 2019 with the Pirates, has already thrown 98 this season, accounting for 16% of his pitches. Hitters have been virtually helpless, batting just .182 with only one extra-base hit and a 38% swing-and-miss rate. He now has had a six-pitch mix with his sinker (35%), changeup (16%), sweeper (16%), slider (13%), cutter (11.9%) and four-seam fastball (8.9%).

“There was really not a need for the changeup before,’ Druschel said, “but with the transition, we needed more depth in his repertoire to go multiple times through the order. Then, he’s in tune and adept with the analytics and understanding the numbers. You know, ‘I need this for this purpose with lefties or righties or whatnot. I need to fill these gaps,’ and that’s basically what he’s done.

“I was pretty sure that he had the weapons, and I was really confident that he would be able to do this because he’s so smart. He knew he had to train differently to be a starter than a reliever.’’

Holmes spent the winter in Georgia working on his conditioning, improving his cardiovascular activity, and began throwing earlier than in the past. Holmes has never thrown this much by early May since 2018, but he insists he feels fresh.

The $38 million question now is whether he can sustain this workload for an entire season.

It was just a year ago when Jordan Hicks was converted from a reliever to a starter with the San Francisco Giants. Everything went smooth for the first 11 starts when he was 4-1 with a 2.33 ERA, but he was out of the starting rotation two months later. He never won another game, finishing with a 6.10 ERA the final four months, yielding a .321 batting average and .920 OPS.

The Mets are carefully monitoring Holmes. They have used a six-man rotation, and with a scheduled day off each week during May, will be able to give all of their starters an extra day between starts. Holmes, who has not gone longer than six innings or thrown more than 92 pitches in his seven starts, has pitched just once since April 26.

‘You train the body to accept the demands that you’re asking of it, which he has, I see no reason why you can’t push that innings limit up to any normal starter,’ Druschel said.

Besides, if he needs a role model, he has to look no further than former teammate Michael King of the San Diego Padres. They were in the Yankee bullpen together when King was traded to the Padres in the Soto trade. King became a full-time starter with the Padres, increased his workload from 104 ⅔ innings in 2023 to 185 ⅔ across the regular season and postseason last season, and felt as strong in October as April.

“I mean you can look at some of the older guys,’ Holmes said. “They would go from being a reliever to a starter, and go from 65 innings to 200 innings, four years in a row, and have no problems. So, we’ll see. If we need to recalibrate, we can.’

For now, well, the biggest adjustment may be his souvenir baseball collection. He saved the baseball from each of his 74 career saves with the Yankees, but now that he’s a starter, well, the cupboard remains bare.

“Well, maybe when I get that first complete game,’ he said, laughing. “Right now, I’m more focused on making the adjustment in my routine.’

‘Journey’ going perfect so far

When Holmes was with the Yankees, he showed up at the ballpark knowing he could be appearing in any game. Now that he’s a starter, he’s five days’ notice.

“As a reliever, there’s a there’s just a certain energy the way you kind of go about things,’ Holmes said. “It’s like your whole day is just building to a moment. You become accustomed to that. It’s a thing you really enjoy, kind of a thrilling experience.

“As a starter, it’s just very different, you spend the week preparing for that moment. Even though I’m not impacting the game every day, which I miss, just the starter routine and be able to make a huge impact on that one game is something I enjoy more than I thought. Instead of having that quick adrenaline rush, you have a slow buildup.

“So far, this journey has been great, and this thing honestly has worked out perfectly so far.’

Certainly, Holmes’ transition has drawn the attention of pitchers around baseball.

“For him to do this is pretty impressive,’ said Arizona Diamondbacks veteran Shelby Miller, who spent the first seven years of his career as a starter and the past four as a reliever. “You see a lot of starters go into the bullpen later in their careers, but pretty rare to go as a reliever to a starter. It’s really special to see him do this.’

If Holmes continues his success, he could be helping open the door for teams to experiment with their own relievers, knowing that a pitcher who can make 30 starts a year is more valuable than someone pitching 60 to 70 innings out of the pen. Look at Seth Lugo. He was a reliever for most of his time with the Mets, signed with the Padres and became a full-time starter and last year finished second in the AL Cy Young race by going 16-9 with a 3.00 for the Kansas City Royals.

“There’s a lot of relievers in the big leagues who were starters at some point,’ Holmes said, “so there might be some desire there. I think as the game grows, and the ability to have the different pitch designs, you might see more guys doing it now. Teams are looking for value, and if they see guys in the pen that they might be able to move into the starting rotation, they’re going to be open to doing that.

“We’ll see where it all goes.

“But I can definitely see a trend happening, and it feels good to be a part of it.’

Follow Nightengale on X: @Bnightengale

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This post appeared first on USA TODAY

The 2025 NBA playoffs continued Friday with Game 3 between the Cleveland Cavaliers and Indiana Pacers. 

Donovan Mitchell’s 43-point performance guided the Cavaliers to a 126-104 rout over the Pacers and their first victory in the series. Indiana still holds a 2-1 lead with the road team winning each game in the series.

While Mitchell had a busy night, it was a fairly quiet night for Pacers star Tyrese Haliburton, who was limited to just four points.

Jarrett Allen (19 points and 12 rebounds) and Evan Mobley (18 points and 13 rebounds) produced double-doubles in the victory. Max Strus added 20 points.

The Pacers staged a remarkable comeback in Game 2, winning 120-119 when Haliburton made a last-second 3-pointer to sink the top-seeded Cavaliers. Bennedict Mathurin scored a team-high 23 points for Indiana.

Cavaliers vs. Pacers highlights

Final: Cavaliers 126, Pacers 104

End of third quarter: Cavaliers 97, Pacers 79

The Pacers outscored the Cavs 34-31 in the quarter after Indiana showed signs of life with an 11-2 run during a two-minute stretch in the third quarter. The Cavs were able to gain some momentum after Myles Turner left the game briefly.

Turner went back to the locker room with close to six minutes left in the quarter after a potential foot injury. Turner returned just minutes later after having his ankle retaped.

The Cavs have led by as many as 24 points through the first three quarters of play. The Pacers have not led at any point during the game.

End of second quarter: Cavaliers 66, Pacers 45

The Cavaliers outscored the Pacers 34-13 in the second quarter to take a comfortable lead into the locker room. Donovan Mitchell produced 17 points and five rebounds in the first half while Jarrett Allen and Max Strus finished with 13 points each.

Tyrese Haliburton went scoreless in the second quarter for the Pacers after scoring just two points in the first quarter.

The Pacers shot just 3-for-11 against the Cavaliers’ zone defense in the first half. All three shots came in the second quarter, according to ESPN.

End of first quarter: Cavaliers 32, Pacers 32

It was a roller coaster first quarter in Indianapolis.

The Cavaliers sprinted out to an 11-0 lead and pushed it to 19-5, but Indiana slowly crawled back throughout the frame and tied it up with under 5 seconds to play on a Ben Sheppard 3-pointer.

Myles Turner has a game-high 12 points for Indiana, and Bennedict Mathurin added eight off the bench. Evan Mobley and Max Strus led Cleveland with eight points apiece in the first.

What time is Cavaliers vs. Pacers Game 3?

Game 3 between the Cleveland Cavaliers and Indiana Pacers will tip at 7:30 p.m. ET on Friday at Gainbridge Fieldhouse in Indianapolis on Friday, May 9.

How to watch Cavaliers vs. Pacers Game 3: TV, stream

  • Time: 7:30 p.m. ET
  • Location: Gainbridge Fieldhouse (Indianapolis)
  • TV: ESPN
  • Stream: Fubo

Watch Cavaliers-Pacers Game 3 with Fubo

Cavaliers vs. Pacers NBA playoff schedule, results

(Pacers lead series, 2-0)

  • Game 1: Pacers 121, Cavaliers 112
  • Game 2: Pacers 120, Cavaliers 119
  • Game 3: Cavaliers at Pacers | Friday, 7:30 p.m. | ESPN, Fubo
  • Game 4: Cavaliers at Pacers | Sunday, May 11 | 8 p.m. | TNT, truTV, Max, Sling TV
  • Game 5: Pacers at Cavaliers | Tuesday, May 13 | TBD | TNT, truTV, Max, Sling TV*
  • Game 6: Cavaliers at Pacers | Thursday, May 15 | TBD | ESPN, Fubo*
  • Game 7: Pacers at Cavaliers | Sunday, May 18 | TBD | TBD*
This post appeared first on USA TODAY

Connor Hellebuyck made 21 saves to help the Winnipeg Jets even their Western Conference semifinal series against the Dallas Stars with a 4-0 win in Game 2 on Friday night.

Hellebuyck, the front-runner to win a third Vezina Trophy as the NHL’s top goalie and also also finalist for the Hart Trophy, has 49 shutouts in his career, including four in the postseason.

Game 3 in the best-of-seven series is scheduled for Sunday afternoon in Dallas.

Nikolaj Ehlers had two goals and an assist, Gabriel Vilardi and Adam Lowry also scored and Dylan DeMelo had two assists for the Jets, who won the Presidents’ Trophy for the best record during the regular season.

Jake Oettinger turned aside 21 shots for the Stars, who were coming off a 3-2 road victory in Game 1 on Wednesday.

Tyler Seguin was called for a double-minor high-sticking penalty on Josh Morrissey 17 seconds into the game, and Vilardi scored with 42 seconds left on the four-minor power play to give the Jets a 1-0 lead.

Ehlers took a shot that clipped off Oettinger’s skate, hit the post, came back and hit Oettinger’s skate blade and was heading back toward the goal line when Vilardi pushed it across.

Morrissey had missed Game 1 after sustaining an upper-body injury in Game 7 against the St. Louis Blues on Sunday.

The Jets scored again when a centering pass by Ehlers went off the skate of Dallas defenseman Esa Lindell and redirected into his own net, giving Winnipeg a 2-0 lead at 7:07 of the first.

The Jets extended the lead to 3-0 at 11:02 of the second.

A shot from the right point by DeMelo was deflected wide and caromed off the end boards and out the other side. Lowry was there to sweep the puck into the net from the bottom of the left circle before Oettinger could slide over.

Hellebuyck made two more Grade-A saves in the second period, a sprawling stop on Evgenii Dadonov at 14:16, followed by a left pad save on Jamie Benn off a rush at 15:32.

Hellebuyck led the NHL in wins (47), goals-against average (2.00) and shutouts (eight) during the regular season, and was second in save percentage (.925). However, he had struggled in the playoffs entering Game 2, owning a 4-4 mark,a 3.75 GAA and a .836 save percentage.

Ehlers scored into an empty net with 3:40 left to make it 4-0.

This post appeared first on USA TODAY

The defending champion Florida Panthers are back in their second-round series after downing the Toronto Maple Leafs 5-4 in overtime Friday.

Trade deadline acquisition Brad Marchand, a thorn in the Maple Leafs’ side during his Boston Bruins days, added a new chapter with his winning goal at 15:27 of overtime. It has his fourth career playoff overtime goal and also his 14th postseason game-winner, tops among active players.

The Panthers now trail the best-of-seven series 2-1 after coach Paul Maurice’s moves paid off.

He swapped out the entire fourth line, which provided energy and a goal. He also tweaked the top two lines, which were highly effective.

The Panthers still had to come back from 2-0 and 3-1 deficits to win. Sergei Bobrovsky, who looked shaky early, made several big saves in overtime in a game that was filled with lots of hits and fluky goals.

USA TODAY Sports provided live coverage for Game 3 between the Florida Panthers and Toronto Maple Leafs. Here are updates and highlights:

Panthers vs. Maple Leafs highlights

Panthers social media staff grateful for Marchand

Game 3 recap

Panthers-Maple Leafs final score: Brad Marchand wins it in overtime

Brad Marchand scores at 15:27 of overtime. After sustained pressure in the zone, Marchand skates toward the left faceoff circle and his shot hits something and deflects over Joseph Woll’s shoulder for a 5-4 win. The Panthers cut their series deficit to 2-1.

Another Sergei Bobrovsky save

Matthew Knies tracks down a loose puck, breaks in alone and Bobrovsky stops him.

Seven minutes left

Joseph Woll keeps the puck out as Panthers press. They’re scraping the ice with 6:56 left.

Big save by Sergei Bobrovsky

He stops William Nylander, who broke in after a long pass from the Leafs zone.

Overtime begins

Maple Leafs kill off the remaining 13 seconds of Max Pacioretty’s penalty.

Goal change

Jonah Gadjovich is awarded the goal originally given to Tomas Nosek. The puck defected off Gadjovich.

End of third period: Panthers 4, Maple Leafs 4

Morgan Rielly tied the game with a fluke goal in the third period. The Maple Leafs get some big blocks during a late Panthers power play and Sam Reinhart hits the post. We’re heading to overtime.

Maple Leafs hit crossbar

Game still tied.

Penalty missed

Morgan Rielly high-sticks Anton Lundell, but nothing is called.

Panthers-Maple Leafs score: Morgan Rielly scores on fluke play

He throws the puck at the end. Sergei Bobrovsky makes a blocker save and the puck goes off Panthers defenseman Seth Jones leg and into the net. Rielly had accidentally knocked the puck into his own net earlier in the game. Panthers 4, Maple Leafs 4

End of third period

This game has had several goals involving strange bounces and the Maple Leafs tie the game on one when Sergei Bobrovsky makes a blocker save and the puck goes off Panthers defenseman Seth Jones and into the net. Morgan Rielly got the goal. Both teams hit the post afterward and we’re going to overtime.

Panthers go on power play

Max Pacioretty is called for tripping Seth Jones. There’s 1:47 left in regulation. Sam Reinhart hits the post. Maple Leafs get some blocks and it’s heading to overtime. There will be 13 seconds left on the power play once overtime starts.

Midway through third period

More deliberate pace so far. Shots are 3-2 Toronto.

Third period underway

Goalie Joseph Woll was a near-giveaway early but recovers to stop Anton Lundell.

End of second period: Panthers 4, Maple Leafs 3

Toronto scores early and Florida controls like, just like the first period. The difference this time: Florida puts in three goals to take the lead. The Panthers led in shots, 9-4, and had another 20-plus hits in the period. The Maple Leafs led after two periods in the first two games of the series

Tomas Nosek slow to get up

Tomas Nosek, who scored the go-ahead goal, barrels into the net and is slow to get up. He starts heading to the dressing room but comes back to the bench.

Maple Leafs-Panthers score: Florida takes lead

Panthers coach Paul Maurice changed out his fourth line and the new one connects. Tomas Nosek takes a shot that deflects several times. He’s credited for now, his first goal of the playoffs. Fourth line looking good in this game. Panthers 4, Maple Leafs 3

Maple Leafs go on power play

Dmitry Kulikov holds Max Domi. Toronto already has a power-play goal in this game. Florida’s Brad Marchand gets the best chance. Penalty killed.

Maple Leafs-Panthers score: Carter Verhaeghe ties it up

Carter Verhaeghe has a wide-open net after a great pass from Sam Bennett. Two Florida goals in 64 seconds and we’re tied. Panthers 3, Maple Leafs 3

Maple Leafs-Panthers score: Florida scores weird goal

Brandon Carlo uses a broken stick to stop the puck from crossing the line. Sam Reinhart scores but it’s not clear that’s in until a replay shows the puck over the line. Maple Leafs 3, Panthers 2

Maple Leafs-Panthers score: John Tavares scores again

With the Maple Leafs on a power play, John Tavares tips a Mitch Marner point shot. It goes in off Panthers defenseman Gustav Forsling. Maple Leafs 3, Panthers 1

Second period underway

2-1 Toronto.

End of first period: Maple Leafs 2, Panthers 1

Florida got off to a disastrous start by giving up a Mathew Knies goal 23 seconds in, the Maple Leafs’ quickest playoff goal in 62 years. Toronto added another goal off the rush (Florida was too aggressive on the forecheck) before the game was six minutes old. But the Panthers started controlling play after and got an Aleksander Barkov goal (knocked in by Morgan Rielly). Shots are 12-10 Toronto. Florida has a huge edge in hits, 24-10.

Panthers back on power play

Max Domi called for roughing Carter Verhaeghe. But power play doesn’t last long. Verhaeghe is called for holding the stick. Before Florida can touch the puck, Mitch Marner is stopped on a short-handed breakaway. Florida kills off the abbreviate Toronto power play.

Panthers go on power play

Brandon Carlo in the penalty box for his hit on Matthew Tkachuk. Panthers get some looks, Sam Reinhart hits the post and Toronto kills it off.

Panthers-Maple Leafs score: Aleksander Barkov gets one back

Aleksander Barkov throws a hit, takes a Sam Reinhart pass and drives the net. Morgan Rielly accidentally puts it into his own net. Maple Leafs 2, Panthers 1

Panthers-Maple Leafs score: John Tavares doubles lead

Maple Leafs get a 3-on-2 break. John Tavares gets the puck and scores on a wraparound at 5:57. Sergei Bobrovsky can’t get back in time. Max Pacioretty and William Nylander continue their strong play by picking up the assists. Maple Leafs 2, Panthers 0

Panthers-Maple Leafs score: Toronto strikes early

Matthew Knies scores 23 seconds into the game. Not the start Florida wants. Knies knocks in a rebound after Mitch Marner’s shot hits the crossbar. Maple Leafs 1, Panthers 0

Game underway

Auston Matthews line vs. Aleksander Barkov line.

What time is Panthers vs. Maple Leafs?

Game 3 between the Florida Panthers and Toronto Maple Leafs will start at 7 p.m. ET on Friday, May 9, at Amerant Bank Arena in Sunrise, Florida.

How to watch Panthers vs. Maple Leafs playoff game: TV, stream

  • Date: Friday, May 9
  • Time: 7 p.m. ET
  • Location: Amerant Bank Arena in Sunrise, Florida
  • TV: TNT, truTV
  • Stream: Sling, Max

Panthers vs. Maple Leafs, Game 3

Panthers lineup change

According to the Panthers roster report, Tomas Nosek, A.J. Greer, Jonah Gadjovich are dressing for this game, replacing fourth-liners Mackie Samoskevich, Nico Sturm and Jesper Boqvist. Evan Rodrigues moves to the top line and Carter Verghaeghe goes to the second line.

Sergei Bobrovsky stats in second round

Panthers goalie Sergei Bobrovsky uncharacteristically has given up nine goals on 50 shots in the series.

‘Our confidence (in Bobrovsky) is never wavering,’ forward Sam Reinhart said. ‘We feel we’ve got the best goalie in the world back there. Our job is to make it as easy as possible for him. I think we can do a better job of that.’

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INDIANAPOLIS — Donovan Mitchell scored 43 points for a second consecutive 40-point outing, but this time it didn’t come in defeat as the Cavaliers beat the Pacers 126-104 in Game 3 of the Eastern Conference semifinals at Gainbridge Fieldhouse.

The Cavs trimmed the Pacers’ series lead to 2-1, avoiding the 3-0 deficit from which no NBA team has ever come back. Game 4 is 8 p.m. ET, Sunday at Gainbridge Fieldhouse. The Cavs’ win guarantees the series will go at least five games with Game 5 being in Cleveland.

Guard Max Strus had 20 points and seven assists for the Cavs. Center Jarrett Allen had 19 points and 12 rebounds. Forward Evan Mobley had 18 points and 13 rebounds. Bennedict Mathurin led the Pacers with 23 points. Forward Pascal Siakam added 18. Center Myles Turner added 15.

Here are three observations.

Donovan Mitchell, Evan Mobley refuse to allow Cavs to get swept

Mitchell gave the Cavs 48 points in a sensational performance in Game 2, but it still wasn’t enough for the Cavs to avoid a fourth-quarter collapse. He wasn’t about to let it happen again, and he also had more stars available to help him with Darius Garland, Evan Mobley and De’Andre Hunter all back after missing Game 2 with injury.

Mitchell, as he has been all series, was impossible to keep away from the rim without fouling. He scored 43 points on 14-of-29 shooting with much of that coming at the rim, but he also hit 5-of-13 3s. He was also 10-of-14 at the line and when he wasn’t scoring he was playmaking for others. He grabbed nine rebounds and also dished out five assists.

The Cavs had four other players in double figures but Mobley was the most important on both ends. He scored 18 points on 6-of-13 shooting but he was a bigger game-changer on the defensive end. The NBA’s Defensive Player of the Year grabbed 13 rebounds, including eight on defense, blocked three shots and registered three steals.

Pacers fall apart in second quarter

In three of the past four games, the Pacers have put together a truly awful offensive quarter in the first half to dig a hole for themselves. In Friday’s case it was the second quarter after a 13-point first quarter against the Bucks in Game 5 of the first round and a 15-point first quarter against the Cavs in Game 2.

The Pacers seemed totally flummoxed by the 3-2 zone the Cavs used, and Mobley personally blew up a lot of what the Pacers were trying to do. They lost the period 34-13 making just five of 22 field goals and missing all 11 of their 3-point shots. They managed five paint buckets in the period but that was almost all the offense they could muster.

Bennedict Mathurin brings another strong bench performance

In each game so far in this series, Mathurin has brought a spark to the Pacers when they absolutely had to have it and brought a sustained level of force on both ends.

The third-year wing broke the Pacers out of an early first-quarter funk with three buckets, including a pair of 3s. That helped the Pacers turn an 0-of-7 start from the field and a stretch where only Myles Turner could score points into a 32-point first quarter.

From there, Mathurin kept attacking the rim and kept drawing fouls and showed some shooting touch. He finished with 23 points on 6-of-11 shooting, including 3-of-8 from 3-point range and 8-of-9 from the line. He also caused Garland trouble on defense, getting him to pick up his fourth foul at a critical time.

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Robinhood Markets, Inc. (HOOD) is back in the spotlight, wrestling with its four-year highs and turning heads on Wall Street. It debuted in 2021 as an IPO darling, capturing the imagination of young Gen Z traders before its dramatic fall as a meme stock fueled by crypto and an unhealthy dose of FOMO.

Now, with year-to-date gains outpacing the S&P 500 ($SPX), the former disruptor is looking to claim its space as a serious contender rather than a speculative fad.

Robinhood Stock’s Price Action: Breaking Out or Topping Out?

If you’ve been checking the StockCharts Technical Rank (SCTR) Reports, you’ve probably noticed the stock popping up on the Large Cap Top 10 list.

FIGURE 1. SCTR REPORT LARGE CAP TOP 10. Robinhood is second from the top.

If you’re eyeing HOOD, you’re likely asking two key questions: How is it performing relative to its Financials sector peers, and how strong is the sector itself in terms of market breadth? Just as important, you’ll want a longer-term view: How has the stock held up over time, both on its own and compared to the broader S&P 500?

Let’s tackle all those questions in one shot.

Financial Sector Breadth Shows Bullish Tailwinds for HOOD

The chart below, which tracks the Financial Sector Bullish Percent Index, offers a quick read on sector strength and market positioning.

NOTE: The BPI spans three years.

FIGURE 2. FINANCIAL SECTOR BPI. Market breadth and comparative price performance look exceedingly bullish.

From a breadth perspective, the Financial sector looks bullish, bordering on overbought, with over 82% of the stocks within the sector triggering Point & Figure Buy Signals, according to its Bullish Percent Index (BPI) reading. Meanwhile, HOOD is crushing it on a 3-year relative basis—outperforming its sector by 250% and the S&P 500 by nearly 300%.

This paints a bullish picture. But before jumping to conclusions, let’s take a step back and look at HOOD’s price history, going back to when it IPO’d in 2021.

From Meme Craze to Measured Recovery

Check out the weekly chart below.

FIGURE 3. WEEKLY CHART OF HOOD. It’s above the 10-week and 40-week SMAs, but it has quite a distance to go before testing its yearly high.

You don’t need annotations to spot where HOOD’s meme-stock frenzy peaked and where the crash began, fueled by a sharp drop in retail trading activity, crypto market volatility, and intensifying regulatory pressure.

After basing for two years, HOOD began picking up steam in 2024. Its improving technical strength is reflected in the sharp spike of its SCTR, breaking above the 90 line. Fundamentally, HOOD began to recover as it started raking in profits, expanding its product lineup, and reigniting its user growth.

It’s trading above its 10-week and 40-week simple moving average (SMA), which is equivalent to a 50-day and 200-day SMA, respectively. Still, it has quite a way to go before testing its high of $66.90.

Short-Term Trading Setup

If you’re looking to buy HOOD, you’ll need to zoom in to find favorable entry points. Let’s switch over to a daily chart.

FIGURE 4. DAILY CHART OF HOOD. Support levels are clear and accumulation looks promising.

HOOD was in an intermediate-term downtrend starting in early February, where it peaked at $66.90, all the way down to the early part of April, where it bottomed sharply at around $29. HOOD quickly recovered, breaking above $50 (a local swing high) to $54, where it is now (at the time of writing).

Can HOOD Hold Its Gains or Is Consolidation Coming?

The Stochastic Oscillator warns that HOOD may be overbought and due for a pullback. Here are a couple of scenarios to consider, and note that the Ichimoku Cloud visually provides a wider range of potential support:

  • Watch for support at $46 or $39, both recent swing lows.
  • If it stalls between those levels, it could signal a failed breakout and continued consolidation until a new catalyst emerges.
  • If it drops below $39, the next key level is at $29, but be a little cautious at that point, as such a deep retracement may indicate weakening momentum, sentiment, and fundamental weakness.

On the bullish side of things, the Accumulation/Distribution Line (ADL), currently well above the price, is indicating strong accumulation, suggesting that demand is outpacing supply—which, if it continues, can drive prices higher.

At the Close

Robinhood’s stock price is showing real signs of strength, not just on a chart, but in its fundamentals. With relative performance beating its sector and the S&P 500, and strong accumulation under the surface, HOOD’s comeback narrative is gaining technical validation. But with overbought signals flashing and key support levels in play, the next move may depend on whether bulls defend the breakout, or if the stock consolidates further while waiting for its next catalyst.

In either case, keep a close eye on volume, momentum shifts, and those support zones. HOOD may still have more room to run, but timing your entry could make all the difference.



Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation, or without consulting a financial professional.

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  OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘ Brunswick ‘ or the ‘ Corporation ‘) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the ‘ Agents ‘), in connection with a ‘best efforts’ private placement (the ‘ Marketed Offering ‘) for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the ‘ LIFE Units ‘) at a price of C$0.13 per LIFE Unit (the ‘ Offering Price ‘) and (ii) units of the Corporation (the ‘ Non-LIFE Units ‘, and collectively with the LIFE Units, the ‘ Offered Securities ‘) at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.

Each LIFE Unit will consist of one common share of the Corporation (each, a ‘ Unit Share ‘) and one half of one common share purchase warrant (each whole warrant, a ‘ LIFE Warrant ‘). Each whole LIFE Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a ‘ Warrant Share ‘) at a price of C$0.20 at any time for a period of 36 months following the Closing Date (as defined herein).

Each Non-LIFE Unit will consist of one Unit Share and one common share purchase warrant (each, a ‘ Non-LIFE Warrant ‘). Each Non-LIFE Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time for a period of 36 months following the Closing Date.

The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to raise up to C$1,000,000 in additional gross proceeds from the sale of LIFE Units at the Offering Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Offering ‘).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the LIFE Units will be offered for sale to purchasers in all the provinces of Canada (the ‘ Canadian Selling Jurisdictions ‘) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities to be issued pursuant to the sale of LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The Non-LIFE Units will be offered by way of the ‘accredited investor’ and ‘minimum amount investment’ exemptions under NI 45-106 in the Canadian Selling Jurisdictions. The securities to be issued pursuant to the sale of Non-LIFE Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws.

The Offered Securities may also be issued to purchasers outside of Canada, including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the ‘ U.S. Securities Act ‘), as amended.

The Corporation intends to use the net proceeds of the Offering for exploration activities at the Company’s Québec and Greenland projects, as well as for general corporate purposes and working capital.

The Offering is scheduled to close on May 28, 2025 (the ‘ Closing Date ‘), or such other date as the Corporation and the Agents may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation’s website at www.brwexplo.ca. Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering; the completion of the Offering and the date of such completion, approval of the TSX Venture Exchange and the filing of the offering document. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

News Provided by GlobeNewswire via QuoteMedia

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Errawarra Resources Ltd (ASX: ERW) is pleased to advise that it has awarded its inaugural drilling contract at the high-grade Elizabeth Hill Project, located in the Pilbara region of Western Australia.

HIGHLIGHTS:

  • Inaugural Drilling Contract awarded for Elizabeth Hill.
  • West Core Drilling has been awarded the diamond drilling contract under a partial drill for equity arrangement. Drilling is anticipated to commence imminently post EGM.
  • Drill targeting currently being finalised following site visit by Errawarra’s Management to ground truth targets.
  • Regional Soils program targeting regional structures with associated historical silver in soil anomalism is almost completed with 1,766 soils samples and 89 rock chip samples having been collected.
  • Rock chip sampling is aided using pXRF technology to qualitatively assess with the samples in the field.
  • Laboratory results are expected in 6-8 weeks.

Following a competitive tender process, the Company has awarded the diamond drilling contract to West Core Drilling. The upcoming drill program will be completed under a partial drill-for-equity arrangement and will focus on high-priority mine and near-mine targets. These include:

  • Near-surface mineralisation,
  • Down-plunge extensions, and
  • Strategic drill holes to enhance the geological understanding and structural orientation of the mineralised system.

Drilling is anticipated to commence in the week following the Company’s upcoming General Meeting (GM) planned for 19 May 2025.

Executive Director Bruce Garlick commented:

“We are delighted to partner with West Core as part of our inaugural drilling program. This contract award demonstrates our continued progression of the project, and we look forward to testing the asset with the drill bit in the coming weeks. It was also fantastic for the board to recently visit site and see all the readily available nearby infrastructure that could potentially feed into our development planning.”

Targeting for the drill program is currently being finalised, with active involvement from the Board of Errawarra and technical consultants ERM Consulting. A recent site visit completed by management has enabled ground-truthing of the high-priority targets.

As part of Errawarra’s ongoing project development and planning, management visited the Radio Hill processing plant, approximately 15 kilometres to the north which is owned by Artemis Resources (ASX: ARV) and currently in care and maintenance.

During the same site visit, the team also observed the almost completed regional soil sampling campaign which is targeting regional structures with associated historical silver in soil anomalism. A total 1,766 soil samples and 89 rock chips samples have been collected to date during this program which is anticipated to be completed in the coming week.

Click here for the full ASX Release

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