FT Portfolios Canada Co. Announces Estimated 2025 Annual Capital Gains Distributions for Its Exchange Traded Funds ("ETFs")

Fortuna Mining plans to invest $71 million in Argentina and Peru in 2026 to raise gold output and expand operations. It will spend $41 million at the Lindero gold mine in Argentina, targeting 92,000 to 102,000 oz in 2026. Fortuna also plans $29.9 million at Peru’s Caylloma mine, with 28% expansion progress and 2026 guidance of 29,000 to 33,000 GEO.

Fortune Minerals’ joint venture with the Tłıchǫ Government received conditional approval for up to C$50 million from Canada’s First and Last Mile Fund to reimburse 75% of costs for the 51-km NICO project access road in the Northwest Territories. The road will connect the NICO cobalt-gold-bismuth-copper mine to the highway near Whatì, supporting mine construction and operations.

BioNTech (NASDAQ:BNTX) halted a mid-stage trial of its mRNA cancer vaccine, autogene cevumeran, due to an overall survival imbalance. The decision raises concerns about its mRNA strategy in colorectal cancer and other 'cold' tumors. BioNTech plans to continue other trials, including one for pancreatic cancer and BNT113 for head and neck cancer. The company also focuses on diversifying its oncology pipeline. According to Reuters, the news caused a 7.5% drop in BioNTech's US-listed shares.

Volkswagen (VW) plans to produce components for Israel's Iron Dome missile defense system at its Osnabrück, Germany factory. The move is part of VW's restructuring efforts amid economic challenges and competition. The project involves a joint venture with Israeli defense company Rafael and the German state of Lower Saxony, aiming to overcome opposition from Qatar's sovereign wealth fund, a VW stakeholder. This marks VW's return to defense-related manufacturing as European defense spending rises.

Piper Sandler raised its price target for ExxonMobil (XOM) to $185, citing strong fundamentals, cost savings, and growth in Guyana. XOM's Q2 earnings beat expectations, with high free cash flow and shareholder returns. However, risks include exposure to Middle East conflicts and potential crude price normalization. XOM's stock has risen 30% in 2026, with a 16% upside implied by the new target.

Baker Hughes (BKR) secured a multi-year contract with Pakistan's OGDC to enhance production from mature oil and gas fields. The deal involves assessing 120 wells and providing tailored redevelopment plans. Baker Hughes aims to use AI and other technologies to improve flow assurance and restore production. The contract aligns with Baker Hughes' strategy to diversify revenue and reduce reliance on short-term drilling cycles, as evidenced by a 49% YoY increase in orders to $10.5 billion in Q2. Howe