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Phase 1 1 First-In-Human study designed to assess safety   ,   tolerability   , right dose for Phase 2 and early signs of efficacy   of 177Lu-RAD20   2   in individuals with   advanced HER2-positive solid   tumors

Previous clinical proof-of concept data 2 for targeting HER-2 demonstrated the safety and biodistribution of 99mTc-RAD202 in humans

Radiopharm Theranostics (ASX:RAD, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced the dosing of the first patient in its Phase 1 ‘HEAT’ clinical trial of RAD202, a proprietary nanobody that targets Human Epidermal Growth Factor Receptor 2 (HER2)-positive expression in a wide array of advanced solid tumors.

The open-label Phase 1 ‘HEAT’ clinical trial is a dose escalation trial of 177Lu-RAD202 that is designed to determine the recommended Phase 2 dose and to evaluate the safety and preliminary clinical activity of this novel radiotherapeutic in individuals with HER2-expressing advanced cancers. The study is currently being conducted at clinical centers across Australia.

‘Dosing patients in the HEAT clinical trial marks an important milestone in our transition to a clinical-stage company,’ said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. ‘Despite progressive improvements in the management of metastatic HER2-positive disease, the majority of patients experience disease progression on current standard of care and require further therapeutic options. The dosing of the first patient in the ‘HEAT’ trial represents a significant step toward achieving RAD202’s potential to address an unmet need for HER2-positive metastatic patients who are progressing or unable to tolerate current treatment options. With RAD202, we hope to provide an option that can meaningfully improve clinical outcomes for HER2-positive patients, while preserving their quality of life.’

HER2 is overexpressed in breast cancer as well as several other solid tumors and represents a validated target in oncology. RAD202 is a proprietary single domain antibody that targets HER2. Ten HER2-positive breast cancer patients previously dosed in a Phase 1 diagnostic study of RAD202 demonstrated clinical proof-of concept as well as the safety and biodistribution of RAD202, validating its potential for the treatment of advanced HER2-expressing cancers 2 . Preclinical findings 3 examining the therapeutic effect in HER2-positive xenografts were also recently reported with 177Lu-RAD202. Collectively, these data further justify first in humans dose finding studies.

‘It is a privilege to be the first centre to administer 177Lu-RAD202, targeting HER2-positive tumors in this Phase 1 clinical trial (HEAT).’ said Dr Aviral Singh, Clinical Head of Theranostics and Nuclear Medicine at St John of God Murdoch Hospital. ‘This opens the possibility of novel therapeutic avenues for patients with aggressive tumor types, including breast, ovarian, gastric, pancreatic, bladder, and several other cancers. With the trust put in us by Radiopharm, we look forward to a successful trial with beneficial outcomes for our patients.’

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain metastases. Learn more at radiopharmtheranostics.com .

Authorised on behalf of the Radiopharm Theranostics board of directors by Chairman Paul Hopper.

For more information:
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

Anne Marie Fields
Precision AQ (Formerly Stern IR)
E: annemarie.fields@precisionaq.com

Paul Hopper
Executive Chairman
P: +61 406 671 515
E: paulhopper@lifescienceportfolio.com

Media
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au

________________________________

1 clinicaltrials.gov/study/NCT06824155
2 Zhao et al, Molecular Pharmaceutics 2021 18 (9), 3616-3622
3 Altunay B. et al, EP-0136, Eur J Nucl Med Mol Imaging (2024) 51 (Suppl 1): S1–S1026. DOI: 10.1007/s00259-024-06838-z

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (June 2) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$104,369 as markets wrapped, down 0.7 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$103,984 and a high of US$104,589.

Bitcoin performance, June 2, 2025.

Chart via TradingView.

After hitting nearly US$103,100 on May 31, Bitcoin held above US$104,500 to close its weekly candle.

The cryptocurrency traded around US$104,000 on Monday as uncertainty continued to plague centralized and decentralized markets in the final month of the second quarter.

Crypto analyst Daan Crypto Trades identified the mid-range level around US$99,600 and a resistance area near US$108,000 as key zones to watch for potential reversal signals during the first week of June. He emphasized that early June moves may be ‘fakeouts,’ with the real trend emerging afterward.

Ethereum (ETH) finished the trading day at US$2,533.47, a 0.4 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,494.99 and saw a daily high of US$2,555.62.

Altcoin price update

  • Solana (SOL) closed at US$152.44, down 2.1 percent over 24 hours. SOL experienced a low of US$152.34 in the final minutes of trading and reached a high of US$154.27.
  • XRP is trading at US$2.16, reflecting a 0.1 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.14 and a high of US$2.17.
  • Sui (SUI) peaked at US$3.28, showing a decreaseof 0.2 percent over the past 24 hours. Its lowest valuation on Monday was US$3.25, and its highest was US$3.32.
  • Cardano (ADA) is trading at US$0.6724, down 0.8 percent over the past 24 hours. Its lowest price of the day was US$0.6708, and it reached a high of US$0.6776.

Today’s crypto news to know

Circle aims for US$7.2 billion valuation in expanded US IPO

Stablecoin issuer Circle is aiming for a US$7.2 billion valuation in its upsized initial public offering (IPO), signaling strong investor interest amid a friendlier US regulatory environment under President Donald Trump.

The company and its backers now hope to raise up to US$896 million by offering 32 million shares.

Circle’s USDC, the world’s second largest stablecoin, is expected to benefit from pending legislation that could drive more institutional adoption. The firm reported a 55 percent jump in reserve income for Q1, reaching nearly US$558 million, though this was offset by a 68 percent surge in distribution and transaction costs.

Circle’s primary distribution partner is Coinbase Global (NASDAQ:COIN), with others contributing to global reach. The IPO is being led by JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

Circle will trade under the ticker symbol ‘CRCL’ on the NYSE later this week.

BitoPro possibly hacked for US$11 million, exchange silent

Taiwan’s BitoPro exchange may have suffered a major breach on May 8, according to blockchain investigator ZachXBT, with over US$11.5 million in crypto drained from its hot wallets.

The attackers allegedly compromised wallets across Ethereum, Solana, Tron and Polygon, then funneled the assets through mixers like Tornado Cash and Wasabi Wallet to cover their tracks.

BitoPro has yet to publicly acknowledge the breach, instead citing routine “system maintenance” as the reason for service disruptions last month. The exchange remains quiet on its official channels despite mounting evidence of a hack.

BitoPro, operated by BitoGroup, has served Taiwan’s crypto market since 2018, and continues to process over US$20 million in daily volume.

Lubin credits Saylor for inspiring Ethereum treasury push

Ethereum co-founder Joe Lubin says a conversation with Bitcoin bull Michael Saylor prompted him to explore the creation of a treasury firm focused on Ether, according to Bloomberg.

Inspired by Saylor’s success turning Strategy (NASDAQ:MSTR) into a leveraged Bitcoin proxy, Lubin launched a new initiative through SharpLink Gaming (NASDAQ:SBET), raising US$425 million to buy Ether.

Lubin, who is now chair of SharpLink, expects to raise even more capital through share offerings and bonds — mirroring Saylor’s approach, but with a focus on Ethereum.

Following the announcement, SharpLink’s share price soared over 1,000 percent in just a few days. Lubin believes this will spark a wave of similar Ether-focused strategies and drive institutional demand.

While Bitcoin has enjoyed a clearer investment narrative as “digital gold,” Lubin argues Ether’s broader utility is underappreciated and ripe for a narrative shift.

Saylor’s Strategy boosts Bitcoin holdings by 705 BTC

Strategy acquired another 705 BTC for US$75.1 million between May 26 and May 30.

The latest purchases were made at an average price of US$106,495 per coin, and followed the sale of 3,750 Class A shares between May 22 and 29 by Strategy director Jarrod Patten, worth nearly US$1.4 million.

According to Strategy’s data, the latest purchase brought its year-to-date BTC yield to 16.9 percent. The company’s quarter-to-date BTC yield is now 5.4 percent. Strategy is looking to reach a BTC yield target of 25 percent year-to-date by the end of 2025. The company previously targeted a 15 percent yield, but increased it on May 1.

Strategy now holds 581,000 BTC, or 2.9 percent of all Bitcoin that have been mined to date.

Metaplanet buys more Bitcoin, holdings top US$930 million

Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) has acquired another 1,088 BTC, pushing its total Bitcoin stash past 8,888 coins — now worth over US$930 million. The latest purchase cost the firm US$117.5 million, bringing its average BTC acquisition price to just over US$108,000 per coin. Since adopting its Bitcoin treasury policy in April 2024, Metaplanet has rapidly climbed the ranks of corporate BTC holders and is now the largest in Asia.

The company recently raised US$50 million through zero-interest bonds to finance its latest round of acquisitions without issuing new stock. Year-to-date, Metaplanet reports a 66 percent return on its BTC holdings, and it has added over 7,000 coins in 2025 alone. The firm is targeting a total of 10,000 BTC by year end.

Tether enhances gold-backed token

Tether’s gold-backed token, Tether Gold (XAU₮), has been enhanced with an omnichain version, XAU₮0.

It is now available on the Open Network (TON) blockchain. This move enables the trading of digital gold and deepens the collaboration between Tether and TON. XAU₮, Tether’s original gold token, is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON. The new version leverages LayerZero’s OFT standard to facilitate native movement across multiple blockchains without wrapping or redeploying new tokens on each chain.

According to Tether’s Q1 attestation report, it has over 7.7 metric tons of physical gold backing the XAUT stablecoin.

MAS orders crypto firms to halt overseas services

The Monetary Authority of Singapore (MAS), the country’s central bank, has ordered local crypto service providers to stop offering digital token services to overseas markets by June 30.

The directive came in response to industry feedback on a proposed regulatory framework for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act (FSM Act), passed in April 2022.

The act requires DTSPs with overseas operations to comply with anti-money laundering and counter-terrorist financing standards, even if they do not offer services within Singapore.

“DTSPs which are subject to a licensing requirement under section 137 of the FSM Act must suspend or cease carrying on a business of providing DT services outside Singapore by 30 June 2025,” MAS wrote.

MAS states that any Singapore-incorporated company, individual or partnership that provides DT services outside Singapore must either cease operations or obtain a license when the DTSP provisions come into force.

Companies found violating the laws will be subject to hefty fines of up to 250,000 Singaporean dollars (US$200,000) and imprisonment of up to three years. Firms licensed or exempted under the Securities and Futures Act, Financial Advisors Act or Payment Services Act may continue to operate without conflicting with the new rules.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

(TheNewswire)

Global private financial group headquartered in San Francisco advises on construction facility to support CHARBONE’s expansion of modular green hydrogen facilities in North America.

Brossard, Quebec TheNewswire – June 4, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), rare publicly traded pure-play company focused on the production and distribution of green hydrogen in North America, is pleased to announce more details on the signing, announced previously on May 1st 2025, of a project finance facility of up to USD 50 million being provided by a private fund managed by True Green Capital Management LLC (‘TGC’). US Capital Global Securities LLC, the SEC-registered broker-dealer division of global private financial group US Capital Global has acted as lead advisor and facilitator.

Headquartered in Montreal, CHARBONE is developing modular production facilities targeting 99.999% purity (Grade 5.0 and higher) hydrogen, with all output pre-sold through tier-one offtake agreements.

We’re proud to have served as lead advisor to both CHARBONE and TGC on this transaction ,’ said Charles Towle, CEO of US Capital Global Securities. CHARBONE is gaining strong momentum as demand grows for clean hydrogen solutions to decarbonize industrial users through their key sites in development across North America. We look forward to supporting the company’s continued growth. The transaction was led by Lisa Terk, Senior Vice President and a top CleanTech and Renewables banker at our global headquarters.

This financing marks an important milestone in executing our long-term growth strategy ,’ said Benoit Veilleux, CFO of CHARBONE. We are grateful to US Capital Global for their consistent support and expertise throughout this process—from structuring and investor engagement to the successful completion of legal documentation.

Herv é Touati , Managing Director at TGC, added: We’re pleased to be financing CHARBONE and look forward to working together on this joint renewable clean energy initiative. We appreciate the diligence and insight of US Capital Global in bringing this opportunity to this stage.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

About True Green Capital Management

True Green Capital Management LLC (‘TGC’) is a specialized renewable energy infrastructure fund manager with a focus in distributed power generation in the US and Europe. Since 2011, TGC has financed and managed clean energy assets that generate stable, low-correlated returns. Headquartered in Westport, Connecticut, TGC also maintains an office in London. Learn more at www.truegreencapital.com .

About US Capital Global

Founded in 1998, US Capital Global offers a range of advanced financial solutions, including debt, equity, and investment products customized for middle-market enterprises and investors. The firm oversees direct investment funds while delivering comprehensive wealth management and investment banking services, encompassing M&A strategies and capital raising expertise. Among the notable entities within the consortium are US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and US Capital Global Securities LLC, an SEC-registered broker-dealer and member of FINRA. To learn more, visit www.uscapital.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

 

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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The U.S. women’s national team breezed past Jamaica Tuesday night, running up a 4-0 scoreline in a friendly at Energizer Park in St. Louis, Missouri.

Ally Sentnor and Lynn Biyendolo both provided two goals. Sentnor, the Utah Royals attacker, did her damage by scoring twice in a nine-minute span in the first half, while Biyendolo came off the bench to score with her first touch, then provided the final margin with an 88th-minute finish.

With USWNT legend and St. Louis native Becky Sauerbrunn honored before kickoff, the USWNT made light work of a Reggae Girlz side missing some of its biggest names. The U.S. would finish the match with 82% possession, while goalkeeper Phallon Tullis-Joyce did not have to register a save on either of Jamaica’s two shot attempts.

U.S. coach Emma Hayes got more things to think about long-term, with Kerry Abello going the full 90 in her first-ever USWNT appearance. Claire Hutton and Avery Patterson, who were in that situation very recently, played major roles in USWNT goals on the night, while Ajax youngster Lily Yohannes pulled the strings in a more advanced role than she played in the 3-0 win over China on May 31.

USWNT vs. Jamaica highlights

The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports’ newsletter.

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The New York Knicks just played in their first NBA Eastern Conference finals since 2000.

They just had two consecutive 50-win seasons for the first time since 1993-1994 and 1994-95.

The Knicks were close to a Game 7 in this season’s East finals and not far from playing in the NBA Finals for the first time since 1999.

But there was no Game 7 for the Knicks and no NBA Finals appearance. And now, no more Thibodeau.

The Knicks cut ties with Thibodeau on Tuesday, June 3.

“Our organization is singularly focused on winning a championship for our fans,” Knicks president Leon Rose said, in part, in a statement. “This pursuit led us to the difficult decision to inform Tom Thibodeau that we’ve decided to move in another direction.’

It proves the axiom: there is a shelf life on every coach.

And it proves a Thibodeau-specific truism: his shelf life with a team does not extend beyond five seasons.

He lasted just five seasons with the Chicago Bulls despite five playoffs appearances, including one spot in the East finals.

He made it just three seasons with the Minnesota Timberwolves with two playoffs appearances, both first-round exits.

And now, he’s done in New York after three consecutive playoffs appearances.

Can’t wait to hear what Indiana Pacers coach Rick Carlisle, the head of the National Basketball Coaches Association, says about Thibodeau’s dismissal when he meets with the media at Finals availability Wednesday, June 4, in Oklahoma City.

Thibodeau did a fantastic job, altering the way the Knicks are viewed as a team and franchise. He helped change the culture. There is a part of this firing that doesn’t seem right, but that’s also the business of professional sports. And the decision made by Rose and his staff might not be wrong, either.  

Just like the Bulls and Timberwolves before, the Knicks’ front office believes another coach is needed to get New York one step closer to a title — what would be its first since 1973.

Thibodeau is an excellent coach and knows Xs and Os. He has been in the NBA since 1989 — the last 13 years as a head coach. But the Game 1 debacle against the Pacers — when the Knicks squandered a 115-101 lead with 4:06 left in the fourth quarter and lost 138-135 in overtime — and New York’s inability to stop Indiana runs with games on the line sunk Thibodeau.

It’s not unusual for a team to need a new voice and approach to reach the next level. Someone more nimble. Steve Kerr replaced Mark Jackson in Golden State, Ty Lue took over for David Blatt in Cleveland, Nick Nurse came in for Dwane Casey in Toronto, Frank Vogel filled Luke Walton’s chair with the Los Angeles Lakers.

What direction is that for the Knicks? The franchise has deep ties to the Creative Artists Agency, and Rose was a prominent agent with CAA before taking the Knicks’ job. It won’t surprise anyone if the Knicks stick with someone from CAA.

Michael Malone is a name to watch. Malone is a championship coach, leading Denver to the title in 2023, has coached stars and is a New York native. He was born in Queens when his dad, Brendan, was a high school coach at famed Power Memorial Academy, where Kareem Abdul-Jabbar played.

Whoever gets the job, the message is clear: Win a title. Or else.

Follow NBA columnist Jeff Zillgitt on social media @JeffZillgitt

This post appeared first on USA TODAY

Golfer Max Homa took an unusual step on Monday in an effort to turn his season around.

After falling out of the top 60 in the Official World Golf Rankings, the six-time winner on the PGA Tour had to play his way into the upcoming U.S. Open by taking part in a 36-hole final qualifying tournament.

And do it while carrying his own bag.

After shooting a 77 in the final round of the Memorial Tournament last weekend, Homa showed up without a caddie at Kinsale Golf and Fitness Club outside Columbus, Ohio, in his bid to grab one of the six available spots.

Homa did not go into detail when asked why he was flying solo at the qualifier.

‘It seems to be better when someone is not standing next to me, for some reason,’ Homa said. ‘So I might just need to walk by myself more.’

The novel approach nearly paid off as Homa made it into a playoff for the final spot. However, fellow Tour pro Cameron Young edged out Homa, Rickie Fowler and two others to secure a place in the U.S. Open, which will be contested at Oakmont Country Club outside Pittsburgh in two weeks.

Homa began the year comfortably inside the top 60 in the rankings, which would have automatically qualified him for the U.S. Open. However, after a string of missed cuts he and long-time caddie Joe Greiner parted ways before the Masters.

When he arrived at Monday’s qualifying event, new caddie Bill Harke was nowhere to be found. And Homa wasn’t in any mood to answer questions about it.

‘I haven’t carried my bag 36 holes in a while, so a little tired,’ Homa said.

He will have one more opportunity to qualify for the U.S. Open − at this week’s RBC Canadian Open. Though he’ll likely have to win the tournament to do so.

This story has been updated with new information.

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Sexual assault survivor advocate Brenda Tracy filed a federal lawsuit against Michigan State University’s Board of Trustees and two individual board members on June 3, alleging they harmed her and her livelihood by mishandling her sexual harassment complaint against former head football coach Mel Tucker.

Her 51-page lawsuit accuses the officials of violating their legal and ethical duties to keep Tracy’s identity confidential throughout the university’s investigation of her December 2022 sexual harassment complaint. It alleges that Trustees Rema Vassar and Dennis Denno likely caused her name to be leaked to news outlets and others during the investigation. Michigan State officials, Vassar and Denno did not immediately respond to requests for comment.

The lawsuit also says that university officials breached their duty of care by failing to address the onslaught of threats and harassment Tracy suffered after she ultimately went public with her story. In addition, the lawsuit says that board members knew or should have known that Tucker had behaved inappropriately with other women and presented a threat to Tracy and the campus community. 

The lawsuit seeks unspecified compensatory and punitive damages for seven counts, including breach of contract, misconduct in office, gross negligence and violating Tracy’s due process rights. She says she suffered psychological and emotional distress, loss of enjoyment of life, lost earnings and incurred additional expenses for medical and therapy treatments as a result.

“It’s taken a long time to get here, and I’ve been through a lot, but at some point I want to move forward with my life,” Tracy told USA TODAY. “I feel like this is an important step in doing that. I want the people who harmed me to be held accountable, and that’s more than just Mel Tucker.”

The lawsuit is one of several that have been filed in connection with the sexual misconduct scandal that led to the firing of one of the nation’s highest-paid coaches. Tracy in October sued Tucker in state court, alleging he defamed her by claiming they had developed a mutual romance.

Tucker, who has maintained that he and Tracy had a consensual sexual relationship, sued Michigan State in August 2024 for wrongful termination and defamation. The school fired him for cause weeks after the scandal erupted into public view in September 2023 and canceled roughly $80 million remaining on the record 10-year contract he had signed less than two years earlier.

At the crux of Tracy’s sexual harassment allegations is an April 2022 phone call between her and Tucker in which she says he masturbated without her consent. The call came eight months after Tucker hired Tracy, an established gang-rape survivor and educator, to speak to his players about sexual violence prevention.

Over the course of their yearlong business relationship, Tracy said that Tucker made a series of unwanted sexual advances, culminating in the April 2022 call. Tucker says that they had a flirtatious relationship, that Tracy told him she was looking for a “sugar daddy,” and that during the April 2022 call they engaged in a one-time instance of mutual phone sex.

Michigan State’s Title IX office completed its investigation into Tracy’s complaint in October 2023, finding Tucker responsible for sexually harassing and exploiting Tracy multiple times before, during and after the now-infamous April 2022 phone call. The university in January 2024 denied Tucker’s appeal of the findings. 

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The NFL offseason marches on as teams enter the second week of organized team activities (OTAs). After this week is through, teams will be back in action with the start of minicamps, the first mandatory part of the offseason.

It’s not surprising for players to not be on the field for OTAs, but minicamp is another story. Players can be subject to fines for time missed.

One of the biggest storylines entering minicamps is the future of Dallas Cowboys star edge rusher Micah Parsons. He is entering the final year of his rookie contract and is looking to get an extension done with the team to secure his future in Dallas.

He made it known a week from minicamp that he will not be missing the mandatory part of offseason training.

‘I will be there!’ Parsons wrote in a post on X on June 3. ‘I haven’t missed a mini camp in 4 years! Even though the contract is not done, I have teammates and a playbook! I’m preparing as if I will be on the field the first week of camp! But it’s in the owner’s hands. I’m ready to win a Super Bowl!’

This echoes comments from Cowboys coach Brian Schottenheimer earlier in the day.

‘Micah and I talked a couple days ago,’ Schottenheimer said. ‘Again, he’s doing a little bit of traveling, but (with) everything that he and I have talked about, I expect that he will be here (for mandatory minicamp).’

Parsons was on the field for the Cowboys’ voluntary offseason program in April.

‘Micah and I have had great communication,’ Schottenheimer said. ‘Everything I’ve asked him to do – and vice versa – he’s followed through on. So, I would expect to see him.’

Parsons is entering the fifth year of his rookie deal signed after the 2021 NFL Draft. Because of his career performance so far, he’s currently set to make $24 million in 2025, all fully guaranteed.

Multiple other edge rushers have signed lucrative extensions this offseason. Las Vegas’ Maxx Crosby signed a three-year, $106.5 million extension in March to stay with the Raiders. Days later, Myles Garrett signed a record four-year, $160 million extension with the Cleveland Browns.

Parsons would be the latest to sign an extension. If he doesn’t, though, he’d be by far the top free agent in the 2026 offseason.

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Staples and Tech Swap Positions Again

The weekly sector rotation continues to paint a picture of a market in flux, with defensive sectors gaining ground while cyclicals take a step back. This week’s shifts underscore the ongoing volatility and lack of clear directional trade that’s been characteristic of recent market behavior.

The sudden jump in relative strength for defensive sectors last week has pushed Consumer Staples back into the top 5, at the cost of Technology.

  1. (1) Industrials – (XLI)
  2. (3) Utilities – (XLU)*
  3. (6) Consumer Staples – (XLP)*
  4. (2) Communication Services – (XLC)*
  5. (4) Financials – (XLF)*
  6. (5) Technology – (XLK)*
  7. (8) Real-Estate – (XLRE)*
  8. (9) Materials – (XLB)*
  9. (7) Consumer Discretionary – (XLY)*
  10. (11) Healthcare – (XLV)*
  11. (10) Energy – (XLE)*

Weekly RRG

Looking at the weekly Relative Rotation Graph (RRG), we’re seeing some interesting movements. Industrials continues its upward trajectory on the RS-Ratio scale, solidifying its top position. Meanwhile, Utilities and Consumer Staples — our #2 and #3 sectors, respectively — are maintaining high RS-Ratio levels despite a momentum setback.

Communication services and financials, rounding out the top 5, find themselves in the weakening quadrant. However, they’re still comfortably above the 100 level on the RS-Ratio scale. This positioning gives them a good shot at curling back into the leading quadrant before potentially hitting lagging territory.

Daily RRG

Switching to the daily RRG, we can see some significant moves over the past week.

Consumer Staples have made a considerable leap, landing deep in the improving quadrant with the highest RS-Momentum reading. This surge explains its return to the top 5. Utilities isn’t far behind, also making a strong move into the improving quadrant. Financials, while in the lagging quadrant, are showing less dramatic movement compared to staples and utilities. Its shorter tail on the RRG indicates a less powerful move, but its high position on the weekly RRG is keeping it in the top 5 — for now.

Industrials: Strength Confirmed

The #1 sector is pushing against overhead resistance around 143 for the third consecutive week. A break above this level could trigger an acceleration higher. The relative strength chart vs. the S&P 500 has already broken out, continuing to pull the RRG lines upward.

Utilities: Bouncing Back

After a weak showing two weeks ago, utilities closed last week at the top of its range. There’s still resistance lurking just below 85 (around 84), but a break above could spark a rally. The raw RS line is grappling with the upper boundary of its sideways trading range, causing the RRG lines to roll over while remaining in the leading quadrant.

Consumer Staples: Testing Resistance

Staples has rebounded to the upper boundary of its trading range, with key resistance between 82 and 83.50. A spike to $83.90 represents the recent high-water mark. Breaking above this barrier could accelerate the move higher.

The raw RS line has peaked against overhead resistance and needs to form a new low to support the RRG lines.

Communication Services: Holding Steady

XLC is trading around $101.40, with overhead resistance a few dollars away, near $ 105. The raw RS line remains within its rising channel, but we’ll need to see improved relative strength soon to maintain this positive trend. The sector sits in the weakening quadrant, but has the potential to push back into leading territory with a strong relative strength (RS) rally.

Financials: At a Crossroads

The financial sector is struggling with old resistance that’s now acting as support. Its RS line is testing the lower boundary of its rising channel. Financials needs a couple of strong weeks in both price and relative strength to maintain its top 5 position.

Portfolio Performance

As of last Friday’s close, our model portfolio is lagging the S&P 500 by just over 5%. This performance gap has widened slightly from last week, but remains in line with the volatile sector rotations we’ve been seeing.

The current market environment presents an apparent dilemma for sector rotation strategies. While defensive sectors are gaining prominence, cyclicals are taking a back seat — at least for now. This flip-flop situation is common in volatile markets seeking direction, but it’s causing more frequent trades in our model than we’d typically expect.

For meaningful trends to emerge, the market needs to stabilize and establish a clear directional bias. Until then, we’re likely to see continued back-and-forth movement as investors grapple with mixed economic signals and shifting sentiment.

#StayAlert and have a great week. –Julius


In this video, Mary Ellen highlights key areas of the stock market that gained strength last week, including Staples and Aerospace stocks. She also shares several Dividend Aristocrat stocks that can help stabilize your portfolio in times of market volatility. Whether you’re seeking defensive plays or looking to align with sector rotation trends, this video provides practical insights to strengthen your trading strategy.

This video originally premiered May 30, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.