Vantage Corp Announces Closing of $13 Million Initial Public Offering - Vantage (AMEX:VNTG)

Vantage Group reported $20m profit in Q2, down 45% YoY, citing war-related losses and adverse reserve development. Iran-related catastrophe losses and prior-year financial lines development lifted the Q2 combined ratio to 101.6%. Gross written premiums rose to $473m. Howard Hughes’ parent net income attributable to common stockholders was $158.4m.

Cumberland Pharmaceuticals (CPIX) shares dropped 11% after hours as its Phase 2a ASSIST-SSc trial for oral ifetroban in systemic sclerosis patients showed no clear efficacy. The trial was not designed to evaluate efficacy, and the company plans further studies. Systemic sclerosis affects 100,000 people in the U.S.

The U.S. Department of Energy authorized an emergency release of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana. According to the DoE, the release aims to mitigate the impact of the disruption on the refinery's operations.

Methode Electronics' Chief Accounting Officer Stacie Schulz will resign on October 30, 2026. CFO Laura Kowalchik will take over her accounting role. The change is not due to any disagreement on accounting matters.

General Dynamics (GD) named Amy Johnson as president of its IT solutions subsidiary, GDIT, starting Nov. 3. She previously managed Space, Cyber and Intelligence at General Dynamics Mission Systems.

American Express plans to cut 3,500 jobs (5% of workforce) to streamline operations and invest in AI, according to executives. The company reported Q3 net income of $3.71B, up 28% YoY. Other financial firms, like Barclays, are also reducing staff due to AI impacts.