A small-cap miner just hit its highest silver grades yet, confirming strong continuity at depth and across strike.
With the system still open in all directions, this update adds new upside to a story that’s been quietly gaining traction.

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Markets
Wall Street climbed as major banks extended gains on hopes of ongoing strength in trading activity and looser financial regulation under a new Fed leadership.
With Powell’s term nearing its end, investors parsed signals from the Trump administration while positioning for a strong year-end close in subdued holiday trading.
DJIA [+0.47%]
S&P 500 [+0.64%]
Nasdaq [+0.52%]
Russell 2k [+1.10%]

Market-Moving News
Private Equity
$7.4B Buyout: Why Janus Henderson Is Walking Away From the Public Markets

Janus Henderson Group plc (NYSE: JHG) has agreed to a $7.4 billion takeover by Trian Fund Management and General Catalyst, a deal that will fundamentally change how the firm operates going forward.
The transaction takes Janus Henderson out of the public markets and into private hands at a time when asset managers are facing fee pressure and market volatility.
Under the deal, long-term ownership replaces quarterly earnings pressure, giving management space to make decisions that do not have to be justified every ninety days.
Why These Buyers Matter
Trian is not a new voice inside Janus Henderson, having already influenced cost discipline and operational focus over recent years.
General Catalyst adds a different dimension, bringing experience in scaling technology-driven platforms across financial services and enterprise software.
Together, the buyers are signaling that efficiency alone is not enough anymore.
The future version of Janus Henderson will need sharper technology, better data, and products built for evolving client behavior, and you can feel that emphasis baked into the ownership mix.
What Changes From Here
Private ownership gives Janus Henderson flexibility to invest in talent, systems, and product development without worrying about short-term market reactions.
For you, the message is clear. Janus Henderson is not shrinking away from industry change.
It is repositioning itself to compete harder, move faster, and rebuild its relevance with fewer constraints and a longer runway.

Data Centers
$4.75B for Power: Alphabet Buys the One Thing AI Can’t Run Without

Alphabet Inc. (NASDAQ: GOOGL) has agreed to acquire data center and energy developer Intersect for $4.75 billion in cash, plus assumed debt, targeting the single biggest constraint in AI expansion.
This is not about incremental growth; it is about securing power, land, and capacity before scarcity becomes the deciding factor as you scale AI workloads.
The deal delivers access to multiple gigawatts of projects already under construction or in late-stage development.
At a moment when software advances faster than infrastructure, you see Alphabet choosing control over dependency.
Why Infrastructure Beats Software Right Now
Intersect will continue operating under its own brand while supporting Google’s U.S. data center expansion.
That structure keeps execution intact while allowing Alphabet to anchor long-term capacity exactly where it matters most as you move from pilots to full deployment.
Only select assets are included, keeping the acquisition tightly aligned with strategic demand rather than broad exposure. This is targeted infrastructure, not empire building.
The Real AI Advantage Is Physical
Alphabet is signaling that AI leadership is no longer won solely with models, chips, or algorithms.
It is won by owning the power, cooling, and land that, when you strip away the hype, determine who can actually scale.
As competitors fight for limited energy-secure sites, Alphabet is moving upstream.
This deal strengthens cost control, reliability, and long-term expansion, positioning Alphabet ahead in the phase of the AI race that cannot be rushed, outsourced, or copied.

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Capital Markets
Wells Fargo Steps Back Into Wall Street’s Inner Circle

Wells Fargo & Co. (NYSE: WFC) is formally expanding into options clearing, placing itself inside one of Wall Street’s most powerful market functions.
This is the kind of infrastructure move that only matters once, as you move past restrictions, scale, and credibility return.
Options clearing is not a side business but a core pillar of institutional trading.
By stepping in now, Wells Fargo signals it wants to operate at the center of market plumbing, not around the edges.
Why Clearing Changes the Game
Clearing embeds a bank directly into daily trading flows, margin financing, and risk management for large clients.
Once integrated, as you become part of those workflows, relationships deepen, and switching costs rise.
This also elevates Wells Fargo’s market franchise into higher-value territory. Instead of chasing volume, the bank is anchoring itself where activity compounds.
A Different Growth Chapter Begins
The timing reflects confidence following the removal of long-standing regulatory caps.
With freedom restored, you can see Wells Fargo choosing infrastructure-heavy businesses that support durable revenue rather than short-term trading wins.
This expansion strengthens its institutional footprint, diversifies income, and signals intent.
Wells Fargo is no longer focused on recovery; it is reasserting relevance inside the machinery of Wall Street itself.

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Top Winners and Losers
Hycroft Mining Holding Corp [HYMC] $24.52 (+49.33%)
Hycroft surged after reporting its highest silver grades to date at the Vortex zone, confirming strong continuity and expansion of a high-grade system that remains open in all directions.
Velo3D Inc [VELO] $15.59 (+43.95%)
Velo3D climbed after securing a $32.6 million U.S. defense contract to help resolve critical manufacturing bottlenecks, validating its role in mission‑critical additive manufacturing.
Adeia Inc [ADEA] $16.67 (+30.54%)
Adeia rose after signing a long‑term licensing agreement with Disney that resolved all litigation and materially boosted its 2025 revenue outlook.

Dogwood Therapeutics Inc [DWTX] $4.84 (-23.96%)
Dogwood plunged after its Phase 2b interim results showed promise, but investors balked at the long wait for final data, expected only in Q3 2026.
AXIA Energia [AXIA] $8.85 (-22.50%)
AXIA slumped following approval of a complex share restructuring that introduced new preferred classes and redeemed others, unsettling investors.
Dbv Technologies [DBVT] $20.27 (-10.94%)
DBV gapped down after major shareholder Bpifrance sold millions of shares in two large blocks, slashing its stake by up to 19%.


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Everything Else
Netflix refinanced a slice of its massive $59 billion bridge loan, easing pressure from the Warner Bros deal hangover.
Strategy hit pause on bitcoin buying, choosing to stack cash instead of chasing the dip.
Mercedes agreed to a $120 million settlement with U.S. states, finally putting more emissions scandal dust to rest.
S&P 500 nudged higher as banks kept flexing in thin holiday trading.
Nvidia is targeting mid-February to kick off H200 chip shipments to China, reopening a lucrative pipeline.
Gold and silver ripped to record highs, putting precious metals on track for their best year since 1979.

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— Adam G.
Elite Trade Club
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